TRADE
THE CHINA MAIL, FRIDAY, MARCH 15, 1957.
and
COMMERCE SECTION
SHARES CLOSE AT HIGHER LEVELS
IK Hotels
HK Landa
* The Share Market At A Glance ★
Up or
FK Bank
Feb 14 1810b
Feb 21 1615
Feb 28
Mar 7
Mar 14
down
1565xd
1500
1505
+38
Lombard
374
38m
360
37.5m
Union
347 34
945m
D35m
935
925
-----$10
Wheelock
6.75
0.85
0.90
6.65
6.80
----50
HK Whart
102
100%
1000
102
102
steady
HK Dock
4045
474
4831⁄2n
477/m
47
-700
Provident
13.40
12.30
13.30
13.30
13.10
-200
15.30
15.50
15.00
15
15.10
+100
0314
044
04
04
30x3
BK Realty
1.425
1.425
1.40m
1.375m
1.375
LEK TYRME
23.40
23.20
22.90m
21.90xd
23
steady +100
Star EUTY
144
142m
138mxd
138mxd
1356
Yazmatin
104
105b
106
108
1085
Ch Lights
22.00
23
22.89
22.90
23.10
Electrics
31
2114
30xd
30xd
20.90
HK Telephone
26.40
25.70
23.30xd
23.90xd
41.10
G.J. Cement
382
374
X3xd
33xd
3234
$50
Dairy Farm
15.00
10.10
16.20
16.10
10.10
A.B. Watson
14
14.20
14.20m
11.30mxa
11.30
steady steady
0.100
On
5,80b
5.85
Allied
4.60n
4.80
4,85
4,80
4.750
IK & FE Inv
9.70b
9.261
9.75b
10
100
Textile Corn
4.70%
4.70
4.70
8.40
6.25
8.10m
4.75b
8
4.75m 8.20
steady steady steady +200
Yaugterr
Nanyant
Singapore
Stock Market
Singapore, Mar. 15.
Brokers today quoled the tol-
howing stock prices:
Opening
Batu Lintang Rubber Co, Ltd. $1 80 Brett Burner Petroleumu
Syndicate Consolidated
Ord....
Tin
AB/-
31/01
Smelters
Finner & Neave Lid Ord....... #2 32 Fraser & Neave Ltd. 7
eun. pref
Ganon Malayaj Limited
Hưnglong de Shanghai Bank-
ing Corp.......
Kempas Ltd.
Malayan Drowerkte
Lid.
Hongkong Tin k
Lunas Rubber Estates Ltd
New Berandah Rubber
Cu.
$2.30'
£2 30
Singapore Cold Storage
$1.60
$32.40
$20.73
Petaling Tin Ltd.
Names Hotel
South British Insurance C.
Stral Trading
Straits Steamship
United Engineers Ord.
Wearne Bros. ............
steady
+2.00
Volume Declines
On Wall Street
New York, Mar. 14.
Chinese Banks.
Supporting?
TURNOVER UP
By A SPECIAL CORRESPONDENT After further losses this week, share prices on the Hongkung Stock Exchange began creeping up yesterday with an influx of fresh money.
One broker thought it might have been dividend money being reinvested but two others thought not. One said he believed the money came from native banks.
Wis
He went on to describe it as "the most cheering sign on the market for about three weejes,**
Yesterday's turnover 1917,000, the highest of the week. Total turnover this week smounted to $2.88 million com- pared with about $2.5 million Inst week.
Yesterday's rises were In- sufficient to enable the market
on the week. The tally
clght
was
Spring came to New York and stock market to show a predominance of gains traders, nothing pressing to demand their atten-eight higher, eight lower and tion, let volume decline to the highest level since wock's tally was
steady. last Oct. 23.
Prices held Arm in all groups and a few special issues scored a point or more.
2
Nickel
Am. Mech & dry American Metal
I
Anierican Smelting
Am. Sugar Ref. Ainertea Tek de Tel American Tob. "E"
70%
7/8d
A lete gain
of close to $147 0.00 points in International
#288ffied the industrial average.
rose $1.40 points to 473.43,
Rail climbed 29 points to 143.21, alili .22 to 71.41,
With the New York tempern» and hovering close Fund
to 70, the offered far outdoor $17.00 traction than the stock market
$0.051 $2.00 * exdiv; 1 cundiv eumbonus,
China Mail Special.
New York Sugar Market
New York, Mar, 14. World No. 4 sugar futures to- day closed 1 to 0 points lower with sales of $34 contracts.
Domestle No. sugar futures closed i point lower to 1 pulni higher with sales tracts.
of 23
con-
Hedge selling and realising
by recent buyers
world contract
more
at-
and volume slipped off to 1,580,-
shares from on Wednesday.
000
Anaconda Copper Armed Steel Annoura Adas Cone. Muxing Baldwm-Lima«Ham, Baltimore & Ohio Benedicial Finance
Binguet Cons,
Bendix Aviation Corp.
1,840,000 Artichem Steel
Shell Transport and trading, active feature on Wednesday
the
in its initial day of trading, again was the most heavily traded but kust 14 points to $237%, close to half the ground it gained yester- day.
recent
:
Boeing Akplans Borden (The) Co.
Burroughs Add Machine Canadian Paclite R
Care (2. L.) Co.
Cat. Tractor....
Celanega Corp.
C. IT Financial Cart Chase, Manhat. Bank Chrysler Motory Climax Molybdenum
Colgate-Palmolive Co. Conumercial Credit Commonwealth Elec, Consolidated Exison Continental on of Del. Colombian Carbon Crawn Zellerbach
Motors Irregular
American Motors, strong feature, continued of in- terest and was in accond place In the actives. It closed with a small loss in narrowly Irregu-Cuban Amer. Sugar
lur motor group.
Diamond Alkali Douglas Aircraft
There was nothing in particu-Dow Chemieni”
the lar turned
after a While
lower
action. affect market to
the general news was despite the steadier seen as not adverse, a real In- Barkelcentive was lacking for a for- Domestle futures trading lacked ward thrust at this time.
the
a special feature.
May
raw
#
totai
or
1,095 Jasuen traded, 403 were higher, 360 lower and 206 unchanged with 10 new highs and the number of law.
2014
423
47
The previous nine steady, nine lower and six higher.
Thus, on balance, the market
finished
nlmost an identical position for
three wecies. running.
Better Prospects
Brokers are hoping yesterday's better trend augure an improved demand next week.
Stock Market has experienced another week of generally dull and featureless trading ditions and consequently price changes have been negligible.
con-
WORLD COTTON
MARKETS
July
Page:
WORLD
RUBBER
September November
MARKETS
New York, Mar. 14. | Spot rubber unbaled
today No. 1, pale crepo
Blanket crepe "..........
"LÖNDÖN
The market Was quietly steady with spot quoted at 29
Rex rubber futures closed 1 to 40 paints lower with salos of 140 contracts.
March
31.60
May
31.70
pence per lb. Prices
31,43
No. 1 Its apot
81.22
Sellement house terz
SL08
30.80
Aprit
May
30,63
||June
closed 15 July/Bopt.
OCL/Dec.
Арти
May
31.00
31.70
Estate crepe
Estate стере thin
21.41
January
Arch
Standard contract
portod."
New York, Mar. 14. Cotton futures today turned Irregularly lower to 40 points with no sales re- after a firm start, with nearby deliveries yielding under the weight of hedge selling and liquidation.
March May July
September
November
January March
Apr/June
General markets, cit basis
thin March
01-00
2011-2731
April 20 Estate crepe thick unquoted
AMSTERDAM
The market was quietly stendy. Prices closet in guilders per Disquieting political news kilogram, çit April as follows:
No. rubber
89 buyers No. 2 rubber a 2003) Bayner No rubber ... 259 buyers No. I crepe
3.15 buyere --United Pro
from Indonesia
was over-
At the close, prices ruled off 12 to up 17 points. The markoj opened up 1 to 3 points. Com- sellers of May and July at the shadowed by the disappointing nuission house brokers were close. New Orleans closed off 6 action of the London-Singapore points. New Orleans and trade | markets and smaller factories. interests bought the Inter Shipment offerings were months.
ported moderate. Reported
the two sheets out of Indonesia at
Continued
in dullness demand for spot cotton textile market, plus the slow and
HK Dock fell away sharply selling by early buyers when Lio initial demand alled to
on the
announcement of
similar dividend as the pre-broaden, were the upsetting in- vious year, namely $2 dividend fluences. and $1.50 bonus per share but from the recovered slightly low of $45% before the close. Utilities yielded ground early In the week but
also they had a steadier appearance on the closing day. Cements dropped below $33 but found good suport at $32 and were quite active at this level,
group,
Daby
In the
stores Farm and Watsons resudned steady throughout.
New speculative interest con- tinued quiet. Most of the busi- ness originated among the pro fessional talent, Spot interests were accredited sellers of May of July at against purchases Ground 60 points difference, Other Kongs sold May
end July, transferring to the later position,
sales included March shipment Exchange Rates
31 cents. cost and freight. Locally, No. 1 Rss was quoted
at 31% cents a pound.
SINGAPORE
Buscar was done in the local unde!] exchange market this morning at the following rates:-- U.S. dollar (per 1) ... Sterling notes (per £1). Australian notos (par &1) Indonesian rupiah (per 100) ".. 18.00 18.75 Sarpone (äkraštu)
The market closed lower in Stam tion) (per 100) active dealings today.
It opened slightly lower on and it fluctuated during the day disappointing overpens advices
on varying reports of Indonesian political situation.
Futures:
No rubber per
April
May
Ib.
No. 2 rubber No. 3 rubber per lb. April
Nearby May showed resist-No. 4 rubber per 1b. ance around the 74.91 cent level where an undenying trade do- In the rubber section, Amal-mand #ppeared. gamated WETC
ΠΟΡΟ active
Chan of late although there was no change in price. Although the market locks Interest the undertone appears quite steady.
Market Diary
for
Looking at the market this week, utilities appear to have closed in the strongest position. Ching Light, Trams and Tele- Here is a market diary
Ab Phones
up slightly. the week: 0446 Yaumati which declared an Friday: Steady. T/O: 30% Increased
$353,000.
521%
1415
BIN
alvidend ($5 against
a final of $4.50 last year) steedy at $105 buyers.
are Monday: Hong
10% kong Electric and Star Ferry Tuesday:
74
60
431%
481
33
down
to
Company are fractionally lower
Hongkong Banks, $1855 earlier this week, climbed to $1505 yesterday to close the week
$5 higher. Lombard's $3 lower on
A middle 43 were 551% quote of $37,5 and Unions were 44% $10 lower at three sales yester-
the
The weekly report on loan figures was a standolf. Entries for the week, ended March 8 totalled. 36,420 bales while with- drawals amounted to 33,478
bales,
The pet stock of 1950 crop cotton under Ioan totallod 4,105,439 bales compared with 6,413,502 balea at the same Uma last year.
The ・ oʻrtifiester" stock re mained at 10,070 bales.
Dull and feature- less, T/O:- $820,000. Prices inclined to edge lower with
exception
Month of March Hongkong Docks May which were marked | July
on October down sharply the dividend news.
March May
T/O: $830,000. Quiet
conditions. July T/O: $463,000.
Wednesday:
51
2016
day of $925.
59
Dupont de Nemours
179
Wheelock Mardens were duli | Thursday: and slipped five cents to $0.80. The market has lost a lot
of
to
Esstem Airlines
JU
Eastman Kodak
841%
Interest in this share because of its limited movement.
recently
El Paso National Gas (New)
30%
Family Finance Corp.
234
Firestone Tire
Docks Up & Down
Ford Motor
General Electric General Foods General Motors Con. Pub, Uul. Getty Q11
same Glidden Co
frm start,
ruling of
Contract No, 4 (world)
May
6.00
July
September
01.07 0.00
Märch
4.70-77
4.75
July
4.74
NY Stock
Exchange
bond
Spot-cents per lb. fob
volume was $3,040,000,
Cuba
0.10
Open Interest: 8,343 cor
contracts.
Contract No, 6 (domestic)
Closing Prices
May
6.75
July
0.04
Alden ine. Acy.
September
5,68
Alted Chemicals
November
5.89
Allied Mia Inc.
Spot-cents per Ib. cit NY
Allis Chalmers
ex-duty)
0.15
American Cable & Radio Corp..
Open Interest: 3,091 contracts. →
United Press,
American Cyanamide Amer. & Forgn, Power
Co. ..
Goodrich B.F.)*co.
GO Tyre
Signs of fresh en- quiry caused prices harden free- tionally under the leadership of Blue Chips. T/O: $917,000,
Total
Volume Opera interest
8,000
8,100
27.300 351,200
*
*
NAMESAKES
Answers-1 Jolly, 2 Cottage, 9 Wash, Wain, B Landscape," 8 OIL, 7 Hang, 6 Colours, 9 Art, 91-21% | 10 Gallery, 11 Brush, 12 Collec- 014-91% tion, 19 England.
John Constable (the famous netist).
E&A
POBIE
COMPANIES
PENINSULAR & ORIENTAL 5:N. CO.
PASSENGER/FREIGHT SERVICE
Leaves London Due Hongkong
Salled
5th Apri
21st April
30th March
8th May
12200 181,000
Uus
10500 180,300
December
4,000 181300
"CORFU"
2,000 72,400
"GUUBAN"
2,000 60,000
5,000 40,200
*
"CANTON"
1st June
$1,000 1,008,200 bales
*
"CORFU”
28th May
9th July
NEW YORK
Via Bouthampton, Colombo, Penang & Singapore.
*
Prices of futures closed today us follows:
Home.vards
Learns Hongkong
Blue Londen
"CORFU"
3rd April
12th May
Spot
May
July
Oct.
Dic.
$15.07 34.27-01 34.3-
32.91
*
"CHUSAN"
12th June
"CANTON" *CORFU"
TO HE ADVISED
Mar.
May
23.00-02
*
July
32.68
*
NEW ORLEANS
Prices of futures closed today
*
*
17th May
Sth Jizne
13th July
Via Singapore, Penang & Colombo
FREIGHT SERVICE
$3.90
expired
*
34.04
"SINGAPORE" in Port
"BALLARAT”dus 201h Mar.
"BOMALI" due 23rd Mar,
from UK.
from UK.
from Vi.
34.37
39.09
*
32.DI
“BİNGAPORE”loads 9th Apr. for S'pore, FL. Sweiden-
ham, London. Hambur Rotterdam Antwerp de Grangemouth
AND HOMEWARDS CAFE OF GOOD
ALL WILL
VESSELS OUTWARDS
BY THE PROCEED
HOPE UNTIL FURTHER NOTICE.
HK Wharf are steady at peak 35% rates of $102 while Docks, which announced a disappoint- unchanged dividend of $2 fw | Ing.
with a $1.50 bonus, slipped back sharply and then recovered almost all their loss on news dik of a profi of about $7 million $4 compared with last year's million odd.
15
119
Heyden Newport Corp.
13
HomeLake Mining Co.
39
Ingersoll-Rand
Int'l Business Machines
$ 184
881
2815
WHETHER YOUR BUSINESS
IS
CEMENT in KENYA
CIGARS in JAMAICA PALM OIL in MALAYA ELECTRONICS !« CANADA
DIAMONDS in SOUTH AFRICA CATTLE BREEDING in JERSEY APPLE - GROWING in TASMANIA TALLOW in THE FALKLAND ISLANDS make sure your money is earning
6%
Mindmemes Deptačí 4100
BANK DEPOSIT ACCOUNT
Seca today Loc ́"Bank Deposit Account" Booidet
No AD74 from, Gariera) Bâiosper
LOMBARD BANKING
LIMITED
BANKERS
That Der: `LOMBARD HOUSE, CURZON STERET.
PARK LANK, LONDON, W.T.
OKO 4111 (30 LENO
Branches and Apeyta throughout the World
Inland Steel Co
Ini's Harvester
International Nickel
International Paper ....
324 Inti Tela Tel
John-Manvile Co.
76% Kansas C. Power & Light
Lockheed Aircraft
100
The
shore closed yesterday the
90% at $47, down 75 cents on
473%
3015
104 Kennecott Copper
..
111.
Liggett Meyers Tob. Co.
63
Loews Incorp.
Lone Star Comment
Lowenstein & Sons.
1035
sa
(New)
MacDonnel Aircraft
Mesabi Iron Corp.
Minnesota Mining
Mianton Development Monsanto Chemical Co. Montgomery Ward
Motorola Inc.
National Cash Reg.'" National Dairy Prod. National Lead
National Steel Corp. New York Central Olin Mathieson Otla Elevators Owen-7inois Glam Pacific Gas & Elec. Pan American Airways
Paramount Pictures
Parke Davis Co.
Penny JC. Co,
Penn. Belt Co.
Philip Morris
Procter & Gamble Co.
Pittsburgh Plate Glass Publicker Industries Pure, Of
Radio Corporation
Repubila Steel
Reynolds Mainl
Shell Oll Do....
Saint Roy Paper Binolair Chil
Scooby Mobiloli: Bolar AfteraSt
South Puerto Rico Sugar Southern National Gas Southern Railway (Com.) Steep Rock (Toronto)
Standard Brander
Standard Oil of Cul
Standard Di
Standard Oil of
Storting Drug Co. (New)
Stokely-Van Camp,
Btudebaker-Packard Con
Swift & Ca
Texas Co.
The Water Alts, Oil
Time Inc.
Twenty Century Fox Fibr Union Carbide
Valon PaciNG
United Atroft UB. Toll n
UB. Line C. UB: Rubber UB.“Bmettkag
Wanti
Wart
week. Earlier it sold at $45.75.
Hotels have picked up 10 cents after a sharp
week from $15.00,
fall last
Green Island Cement have lost 25 cents.
HONGKONG
+
STOCK EXCHANGE
(From Our Correspondent)
Mar,
as follows:
Spat
May
July
Oct.
Dec.
Mar.
May
July
LIVERPOOL
33.00
32.37
Opening prices in pence per lb. Business done on the Hong-were as follows. kong Stock Exchange this Ond contract. May/Jane The only other point of in-
morning amounted
Others unquoted. to ap- terest is Nanyang'e sharp rise of proximately 41% 20 cents to $8.20, presumably on quotations
4the continued good business that transactions: it and most other textile coM)~- shares panies are enjoying at present. BANK
Green Island Cement report & INSURANCES 1560 lower profit this year-down Union... from $4.83 million to $4.23 Lombard Gay million. The company Doints SHIPPING
Wheelock DOCKS, ETC. to | K. Wharf Dock Prov.
02
112
30% out that as profits
4345
A havo tendency to fluctuate, duc
63% temporary factors,
40% cided to get
20
It has de
up a dividend
33 equalisation fund with a sum of
40
$600,000.
A Wise Step
This is a wise step but the amount set aside amounts to
B24
100
471%
(0) 19.20 13.40
LAND, ETC. HK Hotel
XD
HK Land.
X All
Humphreys,
XD .......
about only a sixth of current Ready.
6415 divktend distribution. Obviously | HUREA"
404% any
5858 8%
ཨཊྛིམྦ༔ ཏྲཱི
$300,000. Noon New contract May/June
26.08
20.37
*
Oct/Nov.
and the Iyers Sellers
morning's
Salon
Others unquated.
SAO PAULO
Futures closed today In cruzioms per kilo as follows:
*
May
37.45
July
38.30
October
30.40
December
38.55
Balls 17th Mar,
-“BANTHÌA” due 27th Mac. sails 28th Mar. *ORMABA” due 27th Mar
walls 29th Mar
March
50.00
*
In
the United States, the average price of one-inch
tom
at 14 designated Imarioets was 33.78 cents. Sales totallod 22,081 balen.-Unitod
cok- spot
*
"ITOLA"
14.30 14.00 1000 24.40 Pros.
*
500 1440
370
10.00
New York Foreign |}+ |
"ODRA"
"IKAUNA"
400 10.80
300
10.80
140
Exchange
#
"ITRIA"
*
due 18th Apr.
143} 1.45
New York, Mar. 14.
Closing rates were:
900
Canada
22 22.30
000 (000
+
30+085%
po.theys
82 the company is not expectinget.....
sharp fall in profts and Tawali • 1573% 62% will doubtless build up this fund | Sungals
20
In future as revenue allows,
UTILITIES Tram. XD Higher raw material prices, 414 rising freight rates, ware in Star Yerry
Yaumati
100 tox creasce and severe competition
* 23.10 23,40 have C. ht 48 from China and Japan
combined to make it a difficult
20.00 30 563 year for the Cement company, Electrka
which in spite of everything
managed to increase sales Telephone
21.30 24.00 INDI
a
tas awain.
Hongkong Electric and Hong-" | Cement kong Telephone company have Hope had their meetings this week, but I have mentioned figures || Deine already. In previous columtia. Observer's Report
Watch,
'Here is en suthoritative nom. Iet rount of the rocket, this wook a
Hodas Street,
INV
com
the Hongkong
1000
** ****
Aurtenila New Zeland
South Africa
Dalga
Sodla
Pusicista
United FreÓL
London Foreign
Exchange
Londón, Mar. 14.
Closing,rates were: New York
BRITISH INDIA S.N, CO., LTD.
2830 - A HUNDRED YEARS OF SERVICE --- 1953 "SANGOLA” in Port
from Japan. Jor Singapore, Penang Kangoon de Talousa
from Calcutta, 'Rangoon de Strait
IDE JAPAN
from Japan
for Singapore, Panang,1,
Rangoon, Calitagong di Calcutta,
P. & O./B. I. JOINT SERVICE
que 3th Apr salis 4th Apr.
dat
4th Apr. SIA „ADE.
dus 10th Apr. stila ista Apr.
walls, 16th Apr
for Japan
QUE COMMANDOro, Penang. Cochin, Hombay, aruus alonbay & Harnoht: lər Jabad
· ́ for Sangapire, Bombay, Kazaeni, Drbis, Basrah,
·KDOTTAMMIAHc de Mirwait.' from Karachi, Bombay. a 'por for JADEN
EASTERN & AUSTRALIAN
"NANKIN”. Jonda 1911 Mar, bet
"EASTERN"dus 14th Apr.
anila žetis ́Apr.
S.S., CO., LTD.
byday bourne direct.
from: Australia fot Japan
All versda havo liberty, to call atļaut peria-em or all thế rùate às the penis à patting are schjock
- tu dhangé de amandineki with oy without notion.
For full particulars apply fu, MACKINNON, MACKENZIE & CO.
OF HONG KUNG LTD. Telephone Nos: 27724-4.
Zuficha
1.04.9/10 3.79.10/23
*