TRADE
THE CHINA MAIL, FRIDAY, JULY 19, 1957.
and COMMERCE SECTION
Pare 9
RUMOURS SEND UP TRAMS COTTON FUTURES
Electrics Seem
To Be Still Out Of Favour
By A SPECIAL, CORRESPONDENT
HK Bank Lombard Inten
HK Railty
WORLD RUBBER MARKETS
New York, July 18. Kex rubber futures today closed unchanged to 10 points higher with sales of 15 contructs.
July B¥p€
* The Share Market At A Glance ★
Up or
June 20 1040%
June 27
July 4
1330
1040
July 11 1765
July 18
Down
1760
J7n
3711
**
1715m
+50€
895
SDIN
Jub
$26
gib
+$2.50
Wheelock
IK Wharf IIK Decis
7.80
7.75
7.86
7.80
H
-+-200
107
108m
108
tush
109
+31
44140
4434
4514
45
451ýb
+250
Provident
13.30
13.10
15.10
12.30
12
~300
I letely
15.45m
15.30
15.55m
15.40
10.30
--10c
NK Landa
30
35%
DGM
3624
3456
-25+
1.45
1.425
1.45
1.45
1.45
stendy.
HK Trans
23.10
23.10
22.20m
23.20
34.10
+$1
Siar Ferry
1366
1351
150%
1350
138%
Yauroatis
104
102
103)
103
104
Ch Lights
16.80
18.00
18.20
18.00
18.00
ready
Plectrics
30.25
20.80
20.90
29,80
11K Telephone
25.00
26.40
27.90
27.89
37.60
steady
0.1. Coment
324b
3315
#2b
3246
Kicady
Dairy Farm
16.80
14.70
14.70
14.65mm
14.75m
+100
11.80
11.75m
11,70
11.60m
11.85m
-5
Yangtze
6.35
0.10m
0.301
4.300
8.35L
+30
Allied
4.70
4.60b
4.60
4.55
4.55
IK & FE Inv
10.306
10.30h
16.306
10.566
10.70b
Textile Corp
4.875 8.20
4.675 8.05
4.HA
4.35mixd
8.306
8.70.
4.35 0.40
stendy +200 aleudy
May
July
+706
amlonged and six
Rumours in Ice House Street that Hongkong Tramways were going to declare a bonus issue sent this stock up $1 during the week.
They closed on the Hongkong Stock Exchange yesterday at their highest quow this year-$24.10. Trams have been rising all week and on Tuesday they jumped from Monday's quote of $23.40 to $23.80.
Hongking Banka, which 1,3 bigher, sis
a njectacular abse of 3045 in 1 ; lower compared with last week's week on news Be propria, | Helly of five higher, zis
bonus issue, dropped in $1.210 jehoed, and 13 "Jevre
ab one stage this week de
profetaking. But they clea Armer yesterday at $1,750, short $35 of the white's pear's j high.
Nice Rise
Unions also took hier ris
or $250 on a buyer's quiors of 591.50, but
sellers.
The reduction
W
+1! the charge rates by the retri: dy companies lust Tors y late little or
no effect 1 China Lights, which closed unchanged from last week, but Hengkont Electrics lust another 20 reuls
Talk in fer House Siret eireles say that the surch 18t had little or nothing to do with the softness of Electric. The thing that was depreselig particular sock W:
that Electrics
may
oble to maintain dividend of $2.
the
J bolic
not be last year's
Wheelocks his the SU mark for the list time This tocking on 20 cents, the the week. The steady improve- ment in this issue could be due to the Company's good bụi
it is expreted that ness. year's profit should be much larger than lat year's,
Unpopular
this
F
In the coltoń scelion, N1 | yang tacked on another 70 runt: | for the week, while the Textile i Corporation
Kumained
changed.
-
Providents continued to be unpopular legg 30 cents. ፯፣
Prices Mixed
Here is an Let Haara Street t, tert"; #20ST arket;
the
En a work of generally aulet trakan condition, prless were mbard with, however, a Tairly Eve dbtribution of mostly frac'icial gain 11) lestus
After Ark
reecht spectacular rise, Hongkong Banks yielded ground, en profit-taking but
were steadier again before the
close with buyers at $1,750.
Providea's continued to be beavy
and found little support even zet the lower Irvi
Whilst Lane Crawford al reacted aftey the sharp rise following their dividend and Lonus ifrse atuncement,
A.N. Wats
Nanyang
HONGKONG STOCK EXCHANGE
Our Own Correspondent
Business done on the Hongkong Stock Exchange this morning
amounted 10 approximately $22,000, Noon quotations and
the morning's transactions;
Buyers Sellers
Shares
BANKS
JK Bank: .
INSURANCES
Elretries stBI
appear Out of Lombar favour in spite of announce-SHIPPING ments regarding a reduction Wheelcck in surcharge rates, Telephones have been active
but are ahou) unelmagrd.
The firm spots have been in Nauyngs, Wheelock, Docks and Trans, the Istler gaining 4 dollar on the week. Elsewhere there is litic of note to report. The undertone ap- Peared steady at the close and
everal turnover approximately
the amounted lu $3,000,000.-
Market Diary
1703 1777
3734
Gul
20 g 1770
20.00
+$3
30%-
PROFIT-TAKING
HITS ADVANCE ON WALL STREET
January
March
May July
23.03 22.60
32.43
22.40
22.30
22.20
31.90
The standard contract. closed unchanged to 10 points higher with no sales reported,
July
Beptember
November
January
Mardi
Futuris
FINISH ON
EASIER TONE
New York, July 18.
Cotton futures see-sawed back and forth on either side of the previous close today and finished with an easier undertone.
Hodging picked up in nearby Oct. and nec, near The clase, dropping those months to their les for the duy. The list finished 2 to 10 points lower, It opened unchanged to 10 points lower. New Orleans closed 1 ta 2 peints lower.
Prices used as much as 03 cente a bale at the outset on pront-taking and hedging tol. lowing yellerday's Tharp ad- vance. Memphis accounts were credited with selling 7,000 bales of the first fear deliveries, the
32.93 x.co
32.53
32.00
31.20
31.93
was
tratting dullist in some time with prkost: holding stepdy, Traders 0- ported absolutely no interest Bround Spot No. 1 RO quoted ni 32 cents a pound.
AMSTERDAM
$117
The rubber market was dull.j Prices in guilders per kliogrRIN, gif Aug. were all unchanged to- ! day.
SINGAPORE
The market was quiet through | out the day with business con- fined to switching operations.
There was sonte lower sheets and factory Inquiry. Fulures: No. 1 rubber-pre . Aux. 03-04
Sept. 233-043, amjunted 012-0215
CD-
No, rubber per lb. Aug. 11-02
No. 4
Biankol crepe ... No. 1 pale crepe
No. 2 New York, July 18. Stocks made another stab at resuming their spot rubber anbaled advance today but only selected issues managed to hold gains of any size in the face of late profit- taking.
Repented attempts to break through to new all-time high ground in the industrial average
LONDON
02-0212
13-45 10)+102
The rubber market was quiet with spot quoted m 27-3/14
pence per lb. Prices: No. 1 spat.....
Settlement house term:
September
August... october/December
2734-2777
2724-274
2716-274)
General elf basis,
July
September
I have met stubborn resistance in the absence of
any fresh market stimulant and profit-taking and artet, er boks caution have combined to make the upside going Augus slow this week.
4.05 8.23 33000
-7000
300 14 8:00
General Motors
Industrials alone of the maja: General Food groups closed higher today-Up Gen. Pub. Udi. 53 point to 515.04. compared Getty Ou with a gain execeding 2 points Glidden Co. at the day's best,
o!
Goodrich (B. F.) Co.
Goodyear Tye ....... Heyden Newport Corp.
K. Whart
100 110 Dock.. 45% Provident. 12.10 2.40 2180 4 13 LAND, FI
HK Hudel.. 28 30 15.40 1000 18.30 HK Land.. 34 324 300 30 Humphreys #3 14.50 Really......... RUBBER
Rails finished with 1.45 1.470
a drop Homestake Mining Co. .52 ta 151.8 although Ingersoll-Rand 4.50 1,521, 10000 31 Mirouri-Kansas-Texas
preter-Inland Steel Co. 1.30
Icterchemical Corp. red, outside the average group, Int
Machtica stagod A last-minute
run-up Int! Harvester ..... 670 24.30 of 54 points to $50
the International Nickel
International Paper company's President forecast Inti Tei & Tel. sharply higher cammings to John Manville Co.
Kans C. Power & Light Kennecutt Copper
Amalg
Trurt
UTILITIES Tram... 24.10 24.50 Yumi
103 104 C. Light rai 18 G 15.80
13
29 20.50
560.04.20
• 1040 10.40 27.80 27.00 2300 27.00
Elevitic Macro E Telephone INDUSTRIALS
Here is a market diary of the Cament 321. week:
the week. It is exprelet logo Frlilav: down still further que to the Inability
shareholders to
of
take up the new issue at $10. Monday:
Lane Crawford fell to $30.50 on a buyer's queté after them sharp rise to $33 ht west on announcement of
J proposed bonus sute, of one for one. The larnaver for the
werk
steady,
Quietly
T/O: $523,000.
Fractional changes," T/O: $800,000.
Iries fluctuate.
T/O: $717,000. Wednesdas: Extremely quiet.
Tuesday:
was $3.01 million compared with Thursday: the previous week's turntiver of
$9.00 million.
6%
The tally was 12
T/O: $212,000.
provements
Fractional in-
$701,000.
T70:
PROTECTION FOR YOUR SAVINGS
You have the protections of the Bank when you open a Deposit Account with Lombard Banking. While your money carns a stendy 6% interest, it is both safe and secure. Sam of £100 to La3d,nod are invited, for Deposit Accounts with Lozabard Banking. Interest is half-yearly without deduction of United Kingdom Income Tax,
uf "Bank Deposit Saul today for your copy Account Booklet No. A10,74 to The General Manager
LOMBARD BANKING
IMITED
DANKERS
HQ £OMBARD HOUSE
CURZON STREST, PARK LANE, LONDON, W.1
URO 4111 (39)
Brakes
ours
Throughout the acid
10
come.
Unchanged
utlines
Liggett Meyers Tob. Co. Lockheed Aberaft
Loews Incorp.
Alteraft
Lone Star Cement Co. 33 2000 32ly!
Lowenstein & Sona. Hope
were virtually un-alcDonnel STORES, ETC.
changed with an average drop Stock Exgo,).... Dairy
14.10
15 50 1450 of 01 to 70.94. Walcon .... 11.00 31.00 5000 11.00
Nanyang
31
9.50 9.00
06.10 1000
INVESTME Yantr Allied
15.00
6.40
4.50 4.00
MISCELLANEOUS HK Co "101 Vibro
f 1,148 rucs traded, 473 were lower, 405 higher, 270 un- changed with 19 nt new highs, 24 at new lows.
a bil to
Velune picked up 10000 2,130,000 shares from 2,000,000
New York Sugar Market
New York, July 18, World No. 4 sugar futures: closed today 2 points higher) to 5 points lower with sales of 920 contracts.
Domestle No, sugar futures closed 4 to 0 points lower with sales of 159 contracts.
World futures slendled, as
ois Wednesday
American
sales totiny shares fum
Mesabi Iron Corp. Minnesota Mining Mlusion Development Monsanto Chemien! Co. Blontgomery Ward Motorola inc
National Cash Reg. A Nutional Dairy Prod. National Lead
National Steel Corp. New York Central
in dathieson
Oils Elevators
Owen-IUlola Gina
Paville Gas
Pan American Always Paramount Pictures
Slock rose to 1,170,000
1,000,000
Exchange
shores
Parke Davis Co.
Penny J. C. Co.
amounted to $4,200,000
Pem Salt Cu.
averages
yesterday
Bond volume $9,840,000 against yesterday.
Dow-Jonts elcsing
were:
industrials
20
15 utiles
65 stocks
A wonde
hip Murris
Procter & Gamble Co. Pittsburgh Plate Clan Publieker Industries Pure Oll....
Radio Corporation Republic Steel Reynolds Richi
515.64 Sear Ripetuck & Co. 13164 Shell Oil Co
7004 Saint Hey Faver 176.21
Sinclair Dil
81.73 Socony Mobliail
Comm. future price index.. 160.37 Solar Airerait
Alden Inc. Acy, Allied Chemicals Alle MIs Inc. All Chaliners American Airline
liquidation was well absorbed i Amerlenn Cable & Radio Corp. through trade buying and short covering. Heren! selling pres- sure appeared
Fic Hing. Domestic futures were caster.
Contract No. 4 (world).
Amerlenn Cyanamide Co. Amer, & Forgn. Power Am. Gea & Electric Ajn. Mach. & F dry American Metal American Telung Am. Sugar Itef American Tel & To American Tob, "B"
Anaconda Copper Armies Sieci
4B
27buyers
273-2794 Extate arepe this August 2015
thick August 31
-United Press.
GOVERNMENTS
GO UP
IN LONDON
London, July 18. Chief feature of the stock market
wns the today punishment meted out lo those affluent firms and in- dividuals who have been {"selling short" the medium- term and long-term British Government stocks.
When some of them today
sharply, Old Consols, was raised
Loan-and
others were raised
33% sales,
131
75
dealers
sought to "cover" their short
thin
suffering long
pricus raised their
7% 10/-
and War
48
6437
several
30
29
น
10'
12/6. Conversion 31⁄2 per cents
were marked up 15/4,
DECLINE
With chanere very m for catlan legislation to be presen during this sts-ton of ConSEVENA any traders are looking shend to the government's first, crop Estimate on Aug. 1.
NEW YORK
icday ex follows:
March
May
October December
Cotton
LIVERPOOL
34.92
futures closings, in pence per lb, as follows! Old erntract
July/Au
D/NDY
Jan/Dec. May/te
Mar Aur.
New contract July/Aug. DelMus
201 20.41
20.02.
20.03
B.T
Dec Jan. Mer, Apr.
27.20
27.03
ATUS/June
7.31-40
SAO PAULO
Closing prices were unavali-
able toilay
In the US the average price
of one-inch cotton fat 14
Prices of ectten futures closed) designated spot markets was
34.02 cents. Safes totall 10,312 tales.-United Press.
Spot...
Uctober
December
March
MAY
July
October
December
NEW ORLEANS
33.5311
31321
31.07
$27
34.00
34.00-47
31.82
33,72
NAMESAKES
3 Or.
Answers-1 Strings, chestral; 3 Onsterio, 4 Royal, 5
Prices of porton futures closed Germany, 6 Shiba, 7 Messiah, 8
today as follows
Spot
October
December
*
that
*
But this does not mean 40% public opinion has sharply reacted against the prolonged "oy decline la Government stocks,
Distillers, Ltd. showed con- soildnted trading prolits 0: £28,369.732
with compared 20% enly £21,475,208 Just your. Their own net profi was. £0.- 817,567 compared with £0,200,- 01 060 Jast year, The ordinary shares road pester-an anti- clams,
2312
Oils were extremely active. Royal Dutch lost same sti!!- ngs, British Petroleum 6 shill- 2011 Ines, Burmah
31.10 31.60 $1.60
Water, Concert, 10 Sound, 11 Overture, 12 Musical.
Citerge Handel.
POBIE
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N, CO.
Outwards "CARTHAGE” · ·
"GANTON"
"CONFT”
"CARTHAGE"
Leaves LonÍDE
Salled /
2nd July
21st
August 10th September
Via Southampton, Colombo, Penang
Ifomewards
"CARTHAGE"
"CANTON"
"CORFU "CARTHAGE"
Laaven Hongkong
1st August
29th Austin &
Das Hongko 18th July 29th August 2nd September
10th October
RingaDOTO,
De Londam
1st September 29th September
2011 September 27th October 24th October 24th November
Via Singapore, Penang, Columbe & Aden.
FREIGHT SERVICE "SHILLONG" Jouds 20th July
3rd Aut.
ROB ABE.
"SALMARA" "SALSETTE" dr "SUNDA" tuads B Ang.
"BOMALI".
Alg
for singapore; PL. Nwear tenham, Penang, Aden, Havre, London, Ham- burg, Hatterdsen, Ast- wern & Gracemeub from .c.
from U.C.
Jor in ports Av DOMITILAANU"
from UK.
BRITISH INDIA S.N. CO., LTD.
dite 20th July
alls
from Calcuta de Nira:is for Shaoghal & Japan. from Japan
1860 - A HUNDRED YEARS OF SERVICE -- 2036 "ITINDA"
is July "SANGOLA” due Jih Aug Kalls Jili Aug 'ORMARA” due 10th AVE. kalis 12th Aug
for Slagopora. Penang, Rangoon Calcutta from Japan
for Singapore P
Rangoon, Calcutta Chittagong
P. & O./B. I. JOINT SERVICE
3/6 and Shell
3/0.
"ITOLA"
The
premium enjoyed
by
16 per ceni.
"URLANA” day
XR1
já | dollar släckts teu 2 per eant to 414
341%
1
Closing Prices
South Puerto nico Sacar Southern Co. (The) Southern National Gas Southern Ballway (Com Standard Brada
Si
23
4816
4311
$ 1714
Standard Ol of Cal,
Day
Standard Oll of Ind.
Standard On of N.,
334
Steep Rock (Toronto
19
Sterling Drug Co,
3
Sukels-Van Can
43%
Studebaker-Packard Corp.
1015
wifi & Co.
*
Texan Co.
421
Tide Walor Assa. Oll
2334
Time Ine.**********
Twenty Century Fox Fim
241
12342
174!
Union Pacile Hailway
G.30-06
57%
4.25 4.40
Armour
165%
4.21
Atlas Cona. Mining
4.1
Bali Lama-lam-
4.10
Baltimore & Ohio
4.18
Bencheiat Finance
US. Smelung
U.S. Stool ...
4.20
Bendix Aviation Corp,
034
per
ib.
Tob
Banquet Cons
14
5.10
Bethlehem Steel
194
Boring Airplane
Borden (The) Co.
Contract No. 4 (domestic)
Burroughs Add Machine .....
Campbell Soup Co.
September
0.55
Canadian Pacific R.
November
B.RO
Cury (J.1.) Co.
March
0.10
Cat. Tractor ...
September
3.78
Spot (cente per b. cis NX
ex-duty)
Open itafael: 21
contracle--
September
October Jury Stareis May
July
September
October
Brot-locatu
Cuba) Open Interest: 0.70 coniravÍK,
United Press.
Exchange Rates
Celate
14. Financial c
Chrysler Matom
Citrax Molybdenum Colgate-Palipalve Co. Calentdan Carbon Co. Commercial Credit Commnwealth Elec. Consolidated Edison Conkoental Ol of De Crown Zeileroch Cubor Amer. Bugar Diamond AKSI Business was done in the
Ixulas Altereds unofficiat exchange market Low Cheroionis morning at (he following rates!-- U.S. dollar (per $1) sterling notes (per ́83) Australiaa notes (per &1) ........ Indonesian rupiah (per 100).. Hip tieni (per 100) **** Bingapore (Stem(km)
Dupont de Nemours 0.03 Eastman Kodak 10.30
National Ge $2.48 Family Finance Cure, 15.40 Wirestone Terre de Hubbar 21.00 Ford Kipları
· 1.02 | General Electrio
Local
5412 Union Carbide........
United Aircraft
traited Gas Corp.
UA, NU "D"
!.8. Gypsum
18. 6. Line Co.
1J3 ÜB. Rubber
40th
Water Στον
Westinghoung Boetrie Western Union' Tel. Co.
Va, Pulp & Paper Woolworth
West
sited Press.
almost
Foreign bonds were completely idle--United Press.
Singapore
Stock Market
Slogapore, July 19. Brokers today quoted following stock prices:
Batu Living. Rubber Co.
Bath Borneo
Syndicate...
tic
Opening
32.20
7/09
Petroleum
Crowded Tin
Ord,
Smelters
30/04
Finder & Heave Fraser & Neave Ltd. TISE
50.00
$1.05
Cammons (Malaya) Limited $2.74 Hongkong & Shanghai Banks~
ME CAP....
Hopplans Tin Ind.
Kum 440.
1.0%
K Kampor Tin
41/04
3.47
New Berandah Itubber Co.
$3.50
K0:45 -
London Foreign
Exchange
London, July 18.
Closing rates werks
New York.
Amatarsimen Copenhages
Frankfurt
Milan
Stockholm
Zurich
Lunasubber Katates Ltd. 0.87
Misyon krewacies | 204-7/16-304-35/10
Petaling Tin Lad.
Marymore Coła Storage
Breite Tidlig
|
Silenišu Stegritako
$15.
Creted suvginners, Ord.
N
Mati Siputil.
Others unchanged:
New York Exchange autou, weru | Wrethe Bed,
[email protected]' FreMA.
Montreat
Fatties Hotel Kenn
due 29th July malis ial July
Ist Aug. 3rd Aug.
"ITAUTA" dize
3rd Aug.
en 5th Aug.
1901 Aur.
from arachi, Bombay, Colombo Singapore Kur Japan
from Japab for Ringapore, Cochin, Bombay, Karuchi, Bu→ ren. Khorramshahr & Kuwait,
from Bombay, Cochin, & Singapore for Jepan
from Japan
for Skrupore, Bombay, Karachi, Basah Khor
·Temahaier- & Kuwait
EASTERN & AUSTRALIAN S.S..CO., LTD. "EASTERN" das Bil Aug. from Austraits - "NANKIN"
118,12th Aug.
for Labuan, Bandakan, Rabaul, Brisbane, Syd- ney. Melbourne Adelaide
All VukJoin, kavé liberty' to call at any ports on by off the tonte à de rente à adibujo den subiect to change or amendaient with or withent notlok,
For fall particulars apply to . MACKINNON MACKENZIE & CO. OF HONG KONG LTD. Telephone Nos: 27721-4.
A