Page
THE CHINA MAIL, FRIDAY, JUNE 14, 1957.
TRADE and COMMERCE SECTION
PHONES CONTINUE TO
Textiles Show * The Share Market At A Glanéë ✯
Promise On Market
By A SPECIAL CORRESPONDENT Hongkong Telephones continued to gain ground, tacking on 50 cents for the wook at the close of the Hongkong Stock Exchange yesterday.
The market, which has been rather active over this short week, had a turnover of $4.26 million, an increase of $1.3 million over the previous week's turnover.
The tally was 11 higher, eight | yesterday unchanged and five lower com- pared with last week's tally of 15 higher, six unchanged three lower.
and
nd an
10
that Textile's order hooks were practically full for the Company's present fiaan- ciul year, which ends in March next year.
increased On rumours The continued interest is dividend for Lane Crawfords telephones, which have been this year, this particular stock rising steadily for the past few gained $1,30 on the week months to close yesterday at close with a sale at $31.
to the Wheelocks gained 30 cents on $28.80, can be traced present expansion of the Com-the weeks closing at $7.00. Last on 20 week Wheelocks lacked pany and their future plans.
cents. The reason for the in- verest in us stock is not ad- known; the chip comment vanced by observers yesterday was that the present price is n more realistic figure.
Textile Corporation rose 7% cents over the week to close on quote of $4.825, while Näu- yang Colton gained. five cents on a buyer's quote. It was learnt
CHATTER ON WALL STREET
New York, June 13. Joseph Faroll & Co. be- lieves current levels in the Imarket are well-founded on construclive economic developments which may carry the market through the all-time highs in the foreseeable future.
Harris, Upham & Co. prožeels Magnavox 1957 carnings to nearly $4 a share ngainst $3.54 last year and says dividend may be supplemented by a 5 per cent stock distribution...says New York State Electric dividend could be raised from $2 to $2.20...Raytheon Developing a new "freeze drying" procces that will keep food indeņikely with- out being refrigerated,
Thomson & McKlunon, noting first quarter sales of Columbian Carbon were 15 per cent over lus year, says the growth should reflect a substantial ment in 1957 carnings.
improve-
UPWARD MOVE
Wallson & Co. says Decve
Record interest in Universal
Pictures is worth
for Decca,
Softness
Trams were the only other scetion. pares in the utility adding on 20 cents for the werly
The soliness
and of Banks Unions was evident agala this week, when Banks closed at $1,035- Joss of $10 and Unions eleved at $90-a loss of $t.
ilk Bank Lombard
HK Hotel
- 1645
371
Up or
RISE COTTON FUTURES
WORLD RUBBER MARKETS
New York, June 13.
Rex rubber contract cloved to
day 20 to 28. pointa lower with sales of B3 contracts.
May 10
1645
May 23
May 30
June G
June 1s
DOWN
10559
1845
1435
---310
30
37n
3711
308
+32
Zinioji
930
830
D21
010
090
Wheelock
3.40
7.45
7.35h
7.60
2.00
+-800
ЦК Whart
1084
107m
10014m
100
106m
-$2,50
IIK Docks
45
4435#
43
434b
44
750
Provident
13.20
13.14m
18.30
12.20
13,40
+200
16.70.
15.60
15.00
15.50
25.56
stendy
HK Lands
34
30 m
383%
30
stendy
HK Really
14
1.175
1.466
1.436
1.43
steady
UK Trams
22.70
22.00
22,70
23
28.20
+200
1350
131b
135
136
1316
$5
Yaumaile
105
104
104
100
104
-51
Ch Lights
1014
10.40
xb
ID
steady
-
Eletricn
301
30
30
30
30
steady
HK Telephone
20.60
27.40
27.10
28.30
28.80
+500
May
Zuti
G., Cement
3314
332
3271
2234
33
+250
Dairy Farra
14.00
15
14.90
14.70
14.80
-10%
12
11.90
11.80
11.80
11.80
steady
BY
0.201
B1⁄4
0.40m
6.40m
steady
July
4,46b
.4.475
4.4751
4.50
4,600
+100
September
10.200
10.201
10.201
10.30
10.300
icady
November
45%
8
4.7255
4.705
4.75
4.825
+740
January
March
8.25
8.55
8xi
8,051,
July
Star Ferry
A.S. Watsoti
Yangisze
Allied
HK & FE Inv
Textile Corp Nanyang
STEELS STRONG
PERFORMERS ON
WALL STREET
New York, June 13.
new highs
Stocks gained further ground to for the year in a session featuring activity in steels, motors, oils, metals and special issues.
34
Steels were strong performers through most of the session, particularly the specialty steels such as A. M. Byers which ran up close to 5 points. Industrials as a group gained] McDornell Alterati IAM. un average to Moab fro
Stock Exc.).. 1.82 points on 611.58. their
best level sines Minnesota in Just Aug. 17.
Milan Development. Monsanto Chemical Co. Montgomery Ward Nails, bolstered by numerous During the week the Ayer Tawah Rubber Plantation Com-Iractional gains and a 1% point pany Limited announced in rise in Kansus City Southern,National Dairy Prod.
added .00 to 148.18, their best interim dividend of 10 cents for this year.
since Inst Feb. 4, Utilities edged up .07 to 73.63 and the 65 stock composite average, was .60 higher at 177.57, its best since fast
Market Diary
Here is a market diary of the Sept. 6. week: Friday:
Active. WO: $1,505,000.
Tuesday:
Wednesday:
Thursday:
Ruled steady. T/O: $1,174,000, Well maintained. 170: $628,000. Fairly active. T/O: 5897,000.
HONGKONG
STOCK EXCHANGE
$14 a share
Our Own Correspondent
Turnover, lagging a bit in early dealings, picked up sharply nçar the close and ran 30,000 shares ahead of Wednesday at 2,830,000 shares.
Motorola Inc. National Cash Reg. "A
National Steel Corp. National Lead.... New York Central Oil Mathieson Otts Elevators Owen-Litats Glo Paalle Gas & Fee. Pan American Airway# Paramount Pictures Parke Davis Co.
Penny J. C. Co. Penn. Salt Co Philip Morris
Procter & Gamble Co. Pittsburgh Pinte Glos Publicker Industries Pure O!!
Chrysler puced a strong motor Radin Corporation group.
Republic Steel Steynolda Metal Bente, Roebuck & Co. Or 1,107 Issues fraded, there shell Oil Co....
403 higher, the saine Saint Reg, Paper number lower and 211
Binclair n แก changed. There were 57 new highs set, 31 new lows.
were
Socony MeblioЛt
Solar Alterati
South Puerto Bies Sugar
Southern Co. (The)
Southern National Go
bond southern Railway (Com.)
Standard Brands Standard Oil of Cal. Standard Oil of Ind
NY Stock Exchange volume, was $4,450,000,
American Stack Exchange volume was 1,110,000 shores.
Closing Prices
Aine Chemicats
Ailled Mile Ine.
Allls Charmers
American Airline
Am. Cable & Radio Corp. Business done on the Hong-American Cyanamitis Co. Honk Stock Exchange this morn-Am. & For Power ing, amounted to approximately Am. Gas & Electric Noon quotations and Am. Mach. & Fury. $27,000, the morning's transüctions:
8bares
Bache & Co. Ands United Carbon has established a highly favourable technical paliern which indicates the upward move has not been completed.
Reynolds Sc Co. regards System common us considerably undervalued.
E F. Hutton & Co., noting that some of the bloom may be JK Tank off the domestic oifs in view of INSURANCES
Lombard
Columbia Gas
BANKS Buyers Bellery
the Inventories on hand, says, SKIPPING Pure Oil, Standard of Ohio, and Asta Nau...
Wheelock Union of California continue
for their interesting
Lake DOCKS, ETC. Marchcalbo and
Olt K. Whart Shafe
Dock interesia.
Provident
Hotel
Supermarket news bays Safe-LAND, ETC.
1630 1040
30
7.00 7.00 2100
Sales
American Metal .. American Smelting
Ain. Sugar Ret
| Americaa Tel & Te American Tob. "D"
Anaconda Copper Armour
Atlus Cons, Mining 729 Baltimore & Ohio
Baldwin-Larga-Nazi,
B © -133
4000
7.80
100
100 100
13.30 13.15
44 445
30.40
304
1016
11.30
181
500 or 30
way Stores, highly salined with IK Land big sales generated In its Los
Humphreys Angeles division In non-food Realty items such as television, high- RURGER Adely receivers,
condi-Amaig. .... tioners and electric housewares, trust 97745 may expand service to utores-United Press,
Fit
other
NEW YORK METAL FUTURES
New York, June 13. Prices of metal futures closed today in cents per lb, as follows:
Lead Эшит
July
Zino
Copper June
Juno
13.70b 13.70 10.000
July
10.050
23.63b
July
23,436
Tin
June
. July
Denedicat manse
Bendix Aviation Corp.
Denguet Cons.
Bethlehem Steal
Boeing Airplane
Borden (Ther: Ca
Burrougha Add Machins Campbell Soup Co Canadian Pacific 0001019. Case (3. 1.) Co.... 1995 146 16000 ** 1.4
Celanese Corp., A., 1.60 1073 13300 1.53. T. Financial Corp,
10000 125 Chrysler Arotors D3,000 1.375 Climax Molybdenum UTILITES
Colgate-Palmolive Co. Trama. 2320 10.30 B0630 | Colomblon Carbon Co.
500 3.30 Commercial Credit Star Ferry
Commonwealth Elač, *3* Yaumati.... 103 104 50 @ 201
Consolidated Exitos 180 100
Continental Du nt Del. C. Light (0) 18.99 30 1500 to Crown Zellerbachi
(Ris) 13.10 13. 3500 13.20 Diamond Alkali Elecirle
80 201 200 30
Douglas Aircraft Mapao
1030 10.0
Dow Chemicals Telephone 20.00 20.00 500 20.00 Dupont de Nemours
1700 e 20 Fantern Airline
4 20.80 INDUSTRIALS Cement
3235 STORES, ETC. Dairy
... 14.70 Nation
.... 1.00 11.00 LMC.-C... 2011 3112
27.37361 (strait) porium
27.736 -United Fra
LONDON METAL
Price
PRICES
London, June 13.
of metals closed today
In sterling per long toh as fol
lows
$-0
Copper, ipat
• Smohiti
Lead Int half June
Zinc ist half Juca
COTTONS
01
33 · 1850 @ 32V
2300
Eastman Kodak
El Paso National Gas Family Finance Corp, Firestone Tyro & Rubber 14.80 Ford Motor, extin
General Electris
40114-20
500 11.00
General Foods General Motors
Gen. Tub. Vin. Guty Oil
Glidden Co
4.00 4.85 2000 @ 4225 Goodrich (Ú. v.) Co.
Nanyang XD BUD6 MISCELLANEOUS Britext ....
Allied,..... 4.06
1200 8.10
Exchange Rates
Buyers Beller
700
701
702
3331% moming at the
Goodyear Tyre Gull, QALMARTI Hayden Newyoung Co. Corp. Hondsstak Ingersoll-Blend
Intereteriană Commun ki! Businem Machines Jud Harvestor caya International Priekul Zateretionale Paper
done in lie Idog) Ted2 Epl, de Pab
market
23413 | 180 dollar (per {1}
221
Sterling KLOONS (DRE MAY
03), | Australian nolya (per £3) ...
Indonesian rupiah (per 100)
Stam tical (per 1001...
Ringapore (Straka).
#10 | 12+mascots Copper junker.
1.05 | 10rgett MOPERS FAR,,!
18.52 | Lodcheed:7156534
1232 || Lowwe Energy,
Lone Star Cemecil Co
LAD Lawson DE JODE.
Standard Oli of NJ.
Sleep Rock Torento Exe
Bterling Drug Co.
Blakely-Van Camp.
Bluudehaker Packani Cam. Swift & Co.
5 $19, Tide Water Anan, O!!
249
UK EXPORT HIGHEST EVER
Londen, June 13. Brilish exporta in Miny ̈were the highest over re- corded, 302,900,000 terl- ing.
A Board of Trade an- nouncement, showell that the value of last month's exports WHE almost £6 million imore than the previous record Kont, Last March,
The trade "gap"--exoc#s of importa over exports. was cut by just over 29 million sterling compared with the previous month, from £68,900,000 sterling to £59,700,000 Hetter.
sterling-
LISTLESS DAY IN LONDON
London, June 13. Markets had 0 listless and drifting 'day.
Professionals, operating ไปท gold and oil shores, furnished a certain amount of activity but they were mostly left to selves,
Jily
September
November
January March
HAVE SLOW TRADING SESSION
New York, June 13. Cotton futures crept ahead gradually today in a generally slow trading session.
Closing around the day's best levels the list showed net gains of 4 to 14 points. The market opened unchanged to up 9 points. New Orleans elosed up 7 points to 13 points.
*3.20 32.45
Limited offerliks accounted for the Improvement as much as
32.60
32.40
****
32.00
31,50
NEW ORLEANS
Prices of cotton futures closed
anything ebe, iraders thought, today as follows: A moderate demiarid emanated through commission houses, New Orleans, kept close to the alde lines pending further develop-
Standard contract closed 20 toments in the crop picture, along with news from the drygoodi 25 points higher with no sales.
markcls and Washington dove- lopments on farm legislation.
33 20
3215
32.0
31.00
OFES
Lower London cables and in domestic continued pause factory buying plus speculative Bquidations shaped the termi- nal market trend. About 25 per cent of the business Whs presented iri an exchange or July contracts for physical rub- ber,
The December, 1958, contract hade its first appearatice on the Board today at 32.83 cents pound, or about on a
parity with the preceding October de- livery.
Technicians thought the
market might continue to mark Une pending the re-
House com- hearings on pending mittee form bills, scheduled to start tomorrow.
Dealers understood · August delivery one sheets were ex- changed at a 25 point discount under the futures contract. Shipment offerings were light, reflecting the Singapore hollday, Locally, spot No. 1 ss was quoted at 83% cents.
LONDON
The rubber market was caster with spot quoted at 27% pence, per lb. Price:
No. 1 spot
Settlement house leniu:
July
August
September
July Dept. Oct./Dec. Jan./Mar
Gener
June, July
August
2746-273%
272%
markets, eit bands,
Thin Estate trepe Thick Exinia crepe July
AMSTERDAM
The rubber market was quiet. Prices closed in guliders, per kilogram, elt July as follows: No. 1 rubber
No. rubber No. 1 rubber No. 3 crepo
2.10 buyers 2.Ch Izayors
2,63 buyors 758 buyers
Singapore market was closed for holiday-United Press
New York Sugar Market
New York, June 13. World No. 4 sugar 7 points futures closed lower to 2 points higher with sales of 372
Further profit-taking in 44 gold shares caused all-round
declines ranging from 0 pence to tracts. 1042 shillings 6 pence with Old
41
0513
Con.
Domestic No, O sugar futures Consols down 4 stings 3losed 2 points lower to 4 ponts
21 pence. Anglo-American lost 2kber with sales of 30% shillings 6 pence.
30
There was some pressure 741. against oils capecially the Shell Transport, which at one time 0414
was down
$1 3 shillings but 28t
closed down only 1 shifting 3 20% pence;
Royal Dutch lost F shillings 3 pence and British 41 Petroleum 2 shillings 6 pence.-
United Press.
Time Inc. .....
Twenty Century Fox Filin
18
Union Carbide
11
Union Pacific Railway
Mi
United Aircraft
United Gas Corp.
30
16. Foll "B"
UB. Gypsum
U9. Line Co.
US. Rubber
191 US. Stelting
Warner Bros.
Westinghouse Electric
Westeņi Union Tel, Co.
1701
S. Sicel
7031
ԱՍ
14
West Va. Pulp
Woolworth
74
32
400
United Prem.
London Foreign
Exchange
New York
4716 | Montreal
Amsterdam Brussels
London, June 13.
tracts.
413 con-
Liquidation and hedge selling overturned early, rallying ten- doneles in the world contract.
In the raw market, an easter tóne was evident after early steadiness coincident with report- ed overnight sales of around 7,- 500 tons of Cubans to Holland
The 10,000 tona sugar quotą in- crease brought some selling in to the domestic futures contracts,
Contract No, 1 (world).
CHICAGO GRAIN ter
PRICES
Chicago, June 13. Priers per bushel in cunts:
Noveniber
September
Sportcents per 1b. elf NY
ex-duty)
Open interest: 3,000.circle.
-United Trin.
Spot
July October December
March
Dildar
34.10
郭剑
24.55
34,70
LIVERPOOL Cotton future clostys,
izt.
penco per lb. were as follows:
la contract
July/Aug.
SAO PAULO
Oct Nov
Dec/Jati, Mar/Apr May/June
July/Aug.
New contract
July/Aug
Det/Nov.
Dad/Jan.
Mar/Apr.
May/June
Colton future closings, in cru- zetres per kilo were as follows:
NEW YORK
July
Oct.
Prices of cotton futures closed today as follows:
Dec.
MAY.
May
39.70 41.40 4120
quoted 41.23
35.430
In the United States, the
July
33.31
October
24.23
34.08
December
March
July
October
average price of one-inch cotton et 14 designated spot markets was 39.05 cents,
Sales totalled 9,381 bales. -- United Press.
P2O│B•I│E·A
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL 5.N. CO.
Outwards "CORFU* "CARTHAGE"
"CANTON"
"COLFO"
Leaves Lon tan
Salled 18/5
25th June
23rd July
21st
August
Via Bouthampton, Colombo, Penang
Homewards
Leaves Hongkong "CORFU”"
51 July "CARTHAGE"
2nd August "GANTON"
3001 Augus "CORFU"
Das Hongkong
Let July 29th July
20th Augus
23rd September
& Singapore,
Due Loadən
All Augus 2nd September
3014 September
October
270 September 2014
Via Singapore, Penang, Colombo a Adio.
FREIGHT SERVICE
"BHILLONG" due 18th Juno
"SUNDA" que ath July
“SHILLONG” loads 14th July
due 2011 July "SALMARA"
"SALSETTE" due 30th July
from UK
from UJL
fur Eingapore, I'L Swet- tenham, Penang, Aden, XAVER, London Ham- burg, Rotterdam. An E- werp & Grangemouth from UK.
From U.K.
BRITISH INDIA S.N. CO., LTD.
2855- A LUNDRED YAANS OF SERVICE ––– 1950
from Japan - "FULTALA” due 23rd June kallx 25th Juds
"SANGOLA" dae 17th July
siis 10th July
for Singapore, Penang Rangoon, Calcutta CITAK
from Japan
for Singapore, Penang, Rangoon & Calcutta frohi Calcutta, Rangooh & Strate for Japan
P. & 0./B. I. JOINT SERVICE
"UKLANA"
"
dus 17th Justo
waits 10th Juno
"UMARIA" Aue 20th June
KALER 20th June
"OZARDA”. due 4th July
Felis 8th July **URLANA" due 29th July
July September
March May
8.10-11
0,00-10
4.04
4.80
July
September
4.48 4.58
“BANTHIA” due 20s Juns salle 27th June
Sput-cents per b. Lob.
Cuba).......
ง
Open interest: 8.977 contracts,
Contract No. 6 (domestic)
July
Wheat, No. 2, red-
September
Spot
July 204(11) 202(£)
Sept.
Dec.
293-209h 20114-234 žioj
Karch
Wient, No. 2, new contract
Closing rates were:
July
Sept.
2.7075-2.79 15/1
Dec.
210-
2.03 13/10-2.68 18/18
May
2051
10.0492-10.043
20%
140,1935-140.67
Corn, No. 2, yellow
43
10.401-19.40 32.7175-11.33
Spot
134-13)
July
Miian Oslo
1751-1753 1930-19.831%
Sept.
Doc.
7756 Paris
Mar
624% | Stockholm
· May
Vienna
Zurich
72.31-7244 17.234-1322ZA
Ryo
July
3rpt,
Ošla
July
Sept
Soybeans. No. 2, yellow...
Spot
Jiny
NEW YORK SILVER
Scot.
Nov.
Jas.
PRICES
Mar..
Baricy
New York Hoor
200 lb. rack
11514
Copenhagen
New York exchange rates were unavailable.-United Preks,
Now, York, June, 19, Handy & Harman, bullion dealers, today quoted, the price of, allvor of -cent it, 90 cents a fine ounce, the lowtal since Aug. 3, 1950.
This is the third price cut in
..300g
130
11711
22312-16
130-140
$12,500 United Press.
NAMESAKES
Singapore Stock Market
: Singapore, June 14 Brokem teday quoted the fol- ewide stock prices:
Openleg
00/- *
Batu Lintang Rubber Co. $.05 Britian Borneo Petroleum Syndicateurismengdravo Consolidated Tin Smeltere
Ord. J Syaser & Nature Ltd. DNI. Fewer de--Weave 184. JUS |12 qui, sprat, Gujarati)
Gammonia (Malayo; Iämised Hongbo de Shanghai Bank-
1ing Corp 2.
Houstond Dia Ltd. Kumpar dregu Rune Kamper Tin Znam Jrubber, Eylatos, Ldi.
Now: Berandah trubber có.
Avery-1. Proque, 2. Mardee Cold Stone's 216 weške, and according to thon 3 Javelin 4 Melbourne, me
៥.
Hafridi, retirea Czech, 6 Medals, 7 Dirance | Sumir die 22 Acura interest froth both Victorious, Olymple, To Event, Unded Singware Ord.
Internal and European buyers.-11 Track. United Press,
Emil Zadopék.
Wanene Bro
kafi Jist July
fram Karachi, Hlombay,
Cochin & Ningapore Yor Japan from Japan
for Singapore, Bombay Karachi, Dubai & Barth
from Dombay, Cochin. & S'pore for Japan.
from Japan
for Singapore, Bombay, Karachi, Barth, Khors rameher & Kuwait,
EASTERN & AUSTRALIAN S.S. CO., LTD.
"NELLORE" mis 19th July
Jak
for Labuan, Sandakan,
Rabaul, Brabano. Byd- ney, Melbou
&
Adelaide.
"EASTERN” dus Gih Aug. from Australia
All vassals have iherty to call at any porte ar all the route, à.the route & saltings are subjeck ̧change or Kisindmoni with or without notics.
For ha l'punticulart upply to t
MACKINNON, MACKENZIE & CO. OF HONG KONG LTD. Telophony Noc: 97721-4.