THE CHINA MAIL, FRIDAY, APRIL 26, 1957.
Page
TRADE and COMMERCE SECTION
RECOVERY ON HONGKONG MARKET COTTON FUTURES
Wheelocks Popular
As
Public
Overcomes Doubts
By A SPECIAL CORRESPONDENT
HK Bank Lombard Union Wheelock HK Wharf HK Docka Provident HK Hotels IIK Lands
Realty
1.35b 21.50m
Glance ✰
STOCK EXCHANGE
* The Share Market At A
Mar 21,
Mar 28
1000
1015
Apr 4 1665
Apr 11 1850
Apr 25
1605
Up or Down +15
HONGKONG
37,50b
3714b
38
38
3714b
780
935
645m
947b
050b
0706
6175
6.70
6.85
0.90
7.401
102
1018
101m
974mxd
103
+500 +$5.50
481
4414
4444
45
4434
B00
13.20
13.20%
13.20
11.90xd
12.30
+400
14.10xd
13.70b
14.40
F 14.40
14.80
262
3614
36
354
354
1.15b
1.35
1.40
+50
HK
Tromm
22m
21.90
.2144
2144
steady
(From Our Correspondent)
Hiar Ferry
135b
138A
£375
137a
138
steady
Yaumatis
107
102xd
103
10234m
103
+500
Ch Lights
22.90
22.00
22.40
21.90
!
18.40xd
-50c
kong Stock
30
29.70
29.20
20.20
29
wwwm 200
24.00
24.70
24.00
24.70
24.70
steady
Business done on
the long Exchange ukia morning amounted to appro- ximately $403,000, Noon quota-
3314
33
3244
3234
3214
-200
Dairy Farm
16.40
10
25xd
24.80
-200
ogllons:
A.5. Watson
11.80
11.80
Yangtze
5.836
.85b
11.70m
5,90
11.50m
11.60
steady
5.000
+100
BANKS
Allied
4.75%
HK & FE Inv
9,00b
4.7250 9.80b
201,986 na ngainst £24,795 previous year,
Textile Corp
4.70b
4.725m
4.725n 10b
4.70
4.72511
4.00
12340
10b
10.20
+200
4.70m
4.65m
50
the
Nanyang
8.25
8.20
8.20m
8.15
8.30m
-5c
57 30
and Engineering announced a final share
The Easter holidays brought about the long awaited recovery of the Hongkong Stock Exchange when it closed yesterday on the firmest note for over six months.
New life seemed to have been injected into the market and at the close of yesterday's business a turnover of over $2 million had been recorded in the three post-holiday sessions,
Wheelocks have commanded a lot of attention during the week making a gain of 50 cents over the holidays to close. with buyers unsatisfied, 14 reason may be that have
OVETENTIO
ה
in veden their
Hongkong Construction
De i dividend of 10 centa doubles a bus of 20 cents per Alvære Pinth! for last year was stated us $1,810,727.
about this particular stock deelded it was a good bay with the result that it has in, hedd
a more realistic level.
The tally for the week wa. ten higher, #ve unchanged und nine lower against the Ladly two ave higher. 13 weeks ago of unchanged and seven lower, but the accompanying table doci me show the ful exten
the rising market as o mutat shares have had only fractional changes and still appear as losers although they have made gun. from their lowest levels.
Hongkong Banks are TIJDR again, gaining $15 on the kri market and
London. J11 Union
which E
of diselend
that proposal
Insurance.
nounced
A maxel
Anal
2.1.2.0
200,000 £10 shares
divided into ten £1 shares, rece $20 to $970 on a buying quale In London, Unions have risen to
£60%.
New High
ד תוויות
previous
Wharves, which profit of $1,492,484 for 1950 '†
the against $878,850 year, jumped to new CX- divident high of $103
gaining
$5,50, Docks lost 50 cents. while Provident gained 40 cents over the two-week period.
In the utilities section. China Lights and Electries #re both down. Lights quoted at $18.40
ex-all dropped 50 cents
Better Enquiry
Her a an Ice House Street observer's account of the market:
Although last week's trading was severely curtalled by the Easter hollys, signs of better enquiry Lowards the clone caused the prices to harden with the majority of counters Bhishing at higher levels than thone prevalling last Thursday.
Wheelocks have been
pro- minent and under steady de- mund gained 25 cents to close with
buyers JAL unsatisfied $7.10. Eu this Croup Alled
Investors were
$4.55 to 34.00,
active around
Hongkong Wharvex have also been a firm spot and have virtually
their recovered
dividend of $0.
Utilities mostly show fra Honal Improvement, Cements were also a shade firmer at the
atosc.
Electrics
HK Telephone
GJ, Cement
WORLD
RUBBER MARKETS
New York, Apr. 25. Rex rubber contract today closed & points lower to 5 points higher with sales of 84 contracts.
May
September November January
March May
31.37
425-21
37.00
31.75
31.45
31.36
31.15
10.10
ON EVEN KEEL
New York, Apr. 25. Cotton futures today held on a fairly even keel around the previous close in quiet dealings.
Closing prices ruled 1 point higher to 6 points lower. The market opened up 3 to off 1 point. ~ Now „Orleans closed off 5 to up 6 points,
Adjustments in the expiring May delivery, with attendant trado switching operations, dominated the trade.
Elsewhere,
traders marked lime pending political develop- ments in the Middle East, and a clearer view of the future government price supply policy
on raw cotton,
Lho
The October, 1958, tions and the morning's transcontinued to swing over 200
latively wider range, as traders debated
possiblity modified controls on production, next 30 8 1083 | marketing and pricing
year, with the possibility of a 1900 swing back to a freer market.
Delivery notices for 500 bales
RAIL SHARES
LEAD ON
WALL STREET
New York, Apr. 25.
HK Bank East Axin
INSURANCEis
Vrsion
Lombard SHIPPING
Wheelock
DOCKS ETC.
K. Whart
Dock
Provident
XD
LAND, ETC. HK Hotel
HK Land
Trust UTILITIES İzm
1000 1670
240
975 000 37%
7.45 7,05
500 30
LIVERPOOL
July
54.77
Det
Dac.
ALAT.
93,60
May
53.04
Joly
112,09
Oct.
NEW ORLEANS
Prices of cotton futures closed today as follows:
Spot
33,00
May
34.20
delivery
July
34.78
a re-
Oct
33.00
Dec.
33.61
Mar.
ol
Mar
13.033
July
32.02
Oct
Cotton
future closings, in
34,85
26.30
Dec/Jan.
20.10
Mar/Apr.
20.15
New contract
May/June
23.19
July/Aug.
20.40
Oct./Nav.
20.29
Dec/Jan.
20.21
SAO PAULO
Cotion future cruzeiros
closings, in
per kilo were 05
40.00
40.10
-10.20
40.55
000 7.45ed against the May contract today were taken up by the trado.
The
open position in today totalled 134,100 bates, The certificated stock
104 100 700 104 #4 4435 1293 un 44%
14.20 13.40
14.00 14.90 2000 14.30 36 0002.73 150 de 3815 200 10.00
Humphreys 10.00
Realty
14
Amair.
1.50
156
21.30 215
00021 40
Star Ferry,
300 104
C. Light (0) 19.30 18.443
Electric
Telephone
INDUSTRIAIS
Coment
Yaumati
Rope
Dairy Xb Watson
Rail shares took over leadership in the market advance today while industrials turned in their S first decline in six sessions.
While there were few big rail gains, the Stamford contract closed 8 points lower to 5 points higher general fractional improvement was enough to
with no sales reported.
May
July
September November
January
March May
Enst.
31.18
some
lift the average for the group .94 point to 147.49, its best level since Feb. 4.
Northern Pacific, outside the Kennecott Copper AVETAKO group, added over
a
Laggett Meyers Tob, Co. Lockheed Aircraft .... point on a higher earnings re- Loews Incorp, serg port and news that the company Lowenstein & Some
Lone Star Cement Co will begin exploration with
**** | MaDonnell "Alroadi Shell Oil for development of a πέν arco in the Williston Maid fron Corp. Basin, Shell Oil rose a point in
The market ruled quiet and Biendly most of the day, Influent- ed by the cables" and signs of uneasiness over poliu- cal developments in the Middle generally lower oil list, help- Shipment offerings were ed also by a good earnings re- on the light side and high priced, port.
developed unchanged. A routine Inquiry
domestic from luie actual business firmed. Spot No 1 Rss was quot- ed at 32 cents.
In the stores group,
Dairy Farms and Watsons were less nolive but about Rubbers also slight improvement,
showed
Market Diary
BOTIC
Here is a market dary of the
Electrics lost 20 cents. Other Blue Chips were firms except for! Cements at $32.
a hes of 5 work
cents over the fortnight,
These are however
net us!
on the fortnight. During the low week they have been Slendy...
AUT
Tuesday:
Fational changes,
11: $894,000.
Wedamesilas; 11 oden fractiomudly,
TVU. $480,000.
ды
fem
Some yields
Hongkong Thursday: Trems, 8 per cent, Star Perry, 0.0 per cent, Yuumall Ferry, 7.6 per cent, China Light, 5.9° per cent, Hongkong Electric, 6.0 per cent and Telephone, 7.1 per cent, Indo-China Steam Navigation showed pront of 4455,519 lost year against £328,355 1955. An unchanged 16 ver
cent dividend
defert £49,500 The
absorbe
A
on
cent dividend
shares d per
provement.
$85,000.
factories,
hut
was con-
SINGAPORE
Oils Sell
International olis met some selling on the new Middle East difficultio but prices alosed well above the laws with the
The market opened slightly widest loss a drop of 1% to lower and cased further
on $129 in Gulf,
Sugars higher stock Agures. There was a fair interest for lower sheets. must of realising Futures were:
No 1 rubber per 10. May 9ZY-123
June 9291-93 No 2 rubber per it. May 10-01 No 3
89-90 077-0035 115-92 02.84
int-
T/O:
No 4
Spot rublier unbided
Ellankel TCDI
No 1 prate crepe
Exchange Rates
LONDON
58-100
The rubber market was quiet with spot down % to 27-5/10 pence per lb, Prices:
explinose market ths | No, I les apot
the close.
Stock Exc
into sciope Maton Development Montanto Chemical Co. Montgomery Ward
Motorola Inc. National Cash Iteg. National Dairy Prod. National Lead National Steel Corp. New York: Central Din Mathieson
Elevators
Owen-linols Gl Pacilly Gas & Elec. Pan American Airways Paramount Pictures
Parke Davis Co.
(Am.
May
remained at 11,122 balco
The Commodity Credit Co poration reported loan entries for the week ended on April 19
པ་་ totalled
boles while 19.892 withdrawals amountcxi to 34,871 bales.
pence per lb. were as follows:
Old contract
May/June
July/Aug.
Oct/Nov
Mar/Apr/
December
March May
The net stock of 1958 crop cotton under loan totalled follows:
October 300 * 403 4,000,320 bales compared with 1000 or 18,406,317,085 bales
at impounded 100 20 ... 28.00 29.10
24.70 25 1000 12480 x same time last season,
25 32% 3500 ₫ 3211⁄2
14.70 14,90
COTTONS Nanyung INVESTMENTS"
Allied H.K. & F.E.
NEW YORK
In the United States, the
average price of one-inch cotton
Prices of cotton futures closed at 14 designated spot markets
1146 11.00 500 12.00
DO 200 g 2010
today as follows:
Spo!
May
28 20.30
8.30
4.573%
10
4,00 1000 D $275
200 mm 10,20
400 10.20
118
RAGGED DAY
1
4716
0134
ON LONDON
MARKET
London, Apr. 25. Markets had
a ragged day, partly under the in- fluence of the Jordan situa- tion and partly from the 62feeling that the big British industrial companies were no longer marching up to higher and higher profits,
Several
re- -disappointment 534 ports-Imperial Chanicals, As- socialed Cement, and Barcock and Wilcox contributed to this 0% while British Petroleum, though reporting handsome earnings,
35 played safe and left dividends
unchanged.
British Goveruments enjoyed a
Penny J. C, Co.
wore
spots *ironk the session although
rut some prices
Penn Galt Co.
Philip Morri
434
Procter & Gamble Co.
al | Pittsburgh Plate Glow
Publicker Industrien Puro Cl
4772
BY
tadlo Corporation
Turnover fell to 2,040,000 shares from the 2,990,000 shares yesterday which was the your's heavlest,
Stock Exchange NY volume was $4,320,000,
American Slock Exchange volume was 870,000 shares.
Dow-Jones
closing
40 bonda
deleted 271-37% Comm, future price index"
were:
20 industrials
Линия Wan done in
the Toral
20 rails
2744-27
15 utilities
menug AT The fillersing rates:-
Settlement hotine tenu
US dollar per $11
G.23
May
50 stocks
Sterling notes, mer £1)
16.80
Jurie
bonus
on
Australian nates (per 201
12.06
July/September
IT-ETIS
shares
(up from
to
12
per
cent)
5 per cent
absorb
Indhenion rupiah (per 1001
16.40
October/December
27-275
Star Real (per 2001
28.00
January/March
2035-18%
singapore Strata)
1.60
April/fuse
20%-20%
General markets, eit basis, ports:
deleted
Alden Inc. Acy.
shares absorbs
the
on preferred £34,077 and deferred
A SAFE DEPOSIT
for YOUR FUNDS
LOMBARD HOUSE - LONDON
67
Your interest sccrues day by day, from the day your capital is depos fired and is paid' half, yeauly. Bank Deposit Accounts finance Industry, Commerce and Agriculture and incre Mwerames=7Import/Export Tide in all parts of the DRINK KIDO world.
| Send today for “Bank Deposit Account? Booklet
No, AO, H4 from General, ManagUE
LOMBARD BANKING
LIMITED BANKRA
Ruf Öle)' LOMBARD HOUSE FARE LÄNK, LONDON, WR,
CÜRZON
UKO 4311
Brunakes and shérvár elenaghbor she take;
April
236-2716 May/June/July Estile crepe ihin May... 29
thick May... 30% The rubber market in Am- slerdam
quietly steady. Prices closed unchanged since yesterday,United Press.
Was
New York Foreign
Exchange
New York, Apr. 25. Closing rates were:
$2.74-7.76 England unofficial
2.77-3/16 2.78-15/16
Canada
Australka
oficial 30-day
90-day
New Zealan
South Africa
Belgium
Tallara
Switzerland
3.75-7/10 1.04-478
2.78-2/10 279-9/10
Repubile Steel
eynolds Metal
Shell Out Co.
Saint Reg. Paper
Sinclair Cil
bond
Bocony Mobilol!
averages
Closing Prices
Allied Chemiesla Allied Mills Inc. Allis Chalmers American Airline
American Cable & Radio Corp. American Cyanamide Co. Amer. & Foren. Power- Am. Mach. &" F"dry American Metal
American Smelting Am, Sugar Ret. ..... American Toi, & Tel. American Tob, "2" Anaconda Copper Armeo Steel “Armatiṛ ATINA
Allas Cons. Mining Baldwin-Lima-Harn, Baltimore & Ohio Beneficial Finance ... Bendix Aviation Corp. Benguet.Cons.
Bethlehem Biol.
Belly Airplane
Borden (The) : Co.
Burroughs Add Machine
Canadian Pacific H.
Camo (J. I.) Co
Cat: Tractor
0198-13/15 | Celanese_Corp. .. 2010 °C, L. T. Financial Corp.
Chrysler Motora“...... Cmax Molybdenum
Unitech Preus,
London Foreign
Exchange
London, Apr. 25. Closing rates were: New York
2.7915-2.79-3/16 Montreal AmsterdamTI Brunela Frankfurt Olo Vienna Zurich
10.802-10.60% 140971-141.00/ 11.7936-11.70 72017/207
-United „ProM.
NAMESAKES
Colgate-Palmolive Co, Co
Carbo
Commonwealth Elec. Coralidated Extinon Continental Of of Del. Crown Zellerbach Cuban Amer, Bugar Diamond Alkali Douglas Aircraft Dow Chemicals Dupont de Nemours Batman Kodak ***** Paso National Ga Firestone Tyro & Rubber Ford Motor
General Electrio General Foods General Motors Clan. Pub, Utu,
Gilldar Co Goodrich Goodymy Xteyden, Manu Formaatsing Ingermous
Interoberekeni
Answers-1 Comedy, 2 Curts for pudry CB, 3. Twealth, Viola, A Toby, Turkbury
o Illyria, 7 Ridicule, Comics,
Malvato (From Night").
Bolar Aircraft
South Puerto Rico Sugar Southern National Gas
Southern Railway Standard Brandy. Standard Ou of Cat,
493.20 Standard Oll of Ind.
247.40
Standard Ol of NJ
45 84% 34K
41
(Com.
44
513 certain amount of buying which
$411
4512
* 1:|
Jifted prices by amounis ranging from one-sixteenth to one-fourth but the pace was slower than it
72.95 Steep Rock (Toronto Expe 17931 Stering Drug Co.
00.08 Stokely-Vai Cuntp.
158 ST Studebaker-Packard Corp.
Bwist & Co.
#471%
Texas Co.
Tide Water Assii, Ou
Twenty Century Fox Piim Unjun Carbide
Union Pacific Taiway
United Aircraft
2014 17.5. Fou "P" 53% US. Gypsum BUS. Line fb.
G
US, Mobber
78% U.S. Smelting
107, U.S. Sleet
38
2012
Warner Bros
Westinghouse Exetrie
35% || Western Union Tel. Co.
Wert Va. Pulp & Paper
1779 | Woolworth
畅
3015
4312
has been earlier this week.
Oils were heavy, Royal Dutch fell 5 shillings, Shell Transport
British and
Petrolcum dividends unchanges,
But
the
declines
left
were
moderate and a good many blue
chips closed unchanged. Steels
Are generally firm.
Sacz Canal, oddly enough, 62% was left severely alone
234
sat clones
1842
40
United Press.
35 400 33.31
was 33.85 cents.
Sales totalled 78,710 bales---- United Pre
P.OBIE.A
COMPANIES
PENINSULAR & ORIENTAL S.N, CO.
PASSENGER/FREIGHT SERVICE
Leayo London
Sailed
20th May
Due Hongkong
7th Miny
30th. May
#
Outwarda
"CHUSAN"
"CANTON"
"COEFT"
"CARTHAGE"
*
5th July
9th July
To be advised
Via Bouthamptas, Colombo, Penang a Singapore,
Homewarde
"CHUSAN"
"CANTON"
- "CORFU”
*
*
#
"SUBAT"
"BURAT"
*
*
+
**
*
Leaver Dongkong
12th May
Bth June
13th July
Bue Landon
12th June
19th July
To be advised
Via Singapore, Penang & Colombo.
FREIGHT SERVICE
2nd May
Que
londe 28th May
from UK.
for S'pore. Pi. Swetten- han, Jayre, London, Homburg. Rotterdam, Antwer Ex Grange mouta.
ALL VESSELS OUTWARDS AND HOMEWARDS WILL PROCEED BY TES
CAPS OF GOOD HOPE UNTIL FURTHER NOTICE
BRITISH INDIA 5.N, CO., LTD.
1260 - A HUNDRED YEARS OF SERVICE — 1950
from Calcutta, Rangoo "BANGOLA” de 5th May
Strelis. fur Japan
gadin Oth May
dai 11th May
"WABORA"
salle 12th May
und
unchanged at 40%
*
› "BANGOLA", dus 20th Stay 'saits 77th May
*
the
and
bonds have rarely 44% had an Idler day. All the Ger- mans and virtually all Japanese, both assented |nce-assented, were unchanged.
Chinese were also quiet.
Dollar stocks hardened walle the premium they enjoy in- creased per cent to 8.4 per cent United Press, "ol
New York Sugar Market
· New York, Apr. 23. World. No. 4 sugar futures today cloved 2 points lower to'8 points higher with safes of 722 contracts.
Domestic No. 6 sugar futures 41 closed unchanged to 2 points
higher with sales of
eight tracts.
711
recent
The higher trend was attri- 50% buted at
mainly to technical con- siderations after the aharp decline while new selling was curbed by the steady, tone of the raw market. "And renew- Ed - political tension in Middle East,
Contract No. 4 (world)
May
*September
October March
-Jub
Heptember
801|'|| Spot-[rents" borib,
Open Internet: 19,108 voN:
September
November
the
Singapore Stock Market
Singapore, Apr. 20. Brokers today quoted the following stock prices:
Opening
alu Lintang Hubber Co.
Ltd.
British Borneo Petroleum
Byndicale
Consolidated. Tin
Ord.
Bielters
234 60
Fraser & Neave Lid Ord. ... KLAIS Freser & Neave 71% ctm.
14.00 Commona (Makara) Limited · 1300 * Hongkong & Shanghat. Dang-
prof
б
0.01
5,00
ing Corpakinggan
Kempus Ltd,
apresen
"(doutillo)
@pol=[centa per lbs all NY KOZAR
Inferriational Paper
3: Open': iniluresti · 5,16
Kansas C. Power & Zig
Univedi Preen.
Hongkong Tin. Ltd.
Kunis Hamper rin Lunas Rubber Estates Lid,
Malayan Browafies: New Berandal, Rubber Run) tin t
Mingapore Cold Storage Strife Trading win Straits "Mwamanty 'United, Engineers Ord,
| Wearna Bros.
• gymdivi
18!"
Special,
from Chittagong, Rad- zoon, de SingNDON # Tor Japan
from Japan ·
for Singapore, Penang. Rangoon, Calcutta
P. & Q./B. L JOINT SERVICE
**ITAUIA”
due int May
anila 3rd May
HUMARIA” fur-ftúy May balis 19th May
"OBRA”
đại lnh Ma safle 2015 May
"ITRIA"
due And May anils 24211 May
from Karachi, Bombay, Cochin & Singaparo "Tor Japan
from Bombay, Cochin, Je S'pore
for Japan.
* from Japan.
for Singapore, Bombay, Katachi, Bancab, Khor shahri Kuwait
from Japan`
for Singapore, Bombay Karách,Maerah, KoOT" rand Kuwait
EASTERN & AUSTRALIAN S.S, CO., "EASTE
Bth Mas
May
for Labus Bandakan, Rabaul, Brisbant,, öyde
bouume je Adelaide,
· from ' Australa “ARAFURA"que sih May
All riskis hára liberty to call at any ports on er off the route do the route de salilone now jeuhsach to, change of amendment, withi (or wishest "Moties.
For full particulars apply to i
MACKINNON, MACKENZIE & 60. OF HONG KONG LIN. Telephone Nos: 27721 4.
+F