'THE CHINA MAIL, FRIDAY, AUGUST 2, 1957.
TRADE
and · COMMERCE SECTION
Pagē
HONGKONG MARKET QUIET
Turnover Drops
Million By $2
BANKS STRONG
By A SPECIAL CORRESPONDENT
Generally quiet
HK Bank Lombard
Tinion
HK Wharf
Wheelock
IK Dock
Provident
IK Hotels
* The Share Market At A Glance
Up of
July 4
1640
July 11 1785
37H
37
DOD
02b
July 18 1750 37 044b
July 25
Aug 1
Down
1770xd
1830
+$50
BTS
35b
---$2
07
94
-31
7.86
7.80
A
7.06
B
+50
108
109b
100
111
112
+$1
*64
#512
#5146
47
4314
+$1.50
13.10
12,20
12
12.30
11.00bxr
sterly
15.65m
15.40
15.30
15.00
15.50b
HK Lands
1537
3531
3315
36
3594
the
JK Realy
1.45
1.45
1.46
1,484
.1.4756
HK Trams
Klar Ferry
23.20m 130s
23.10
24.10
24.70
24.00
---400 200 steady -100
135
139s
1341
136
+51
Taumatis
103m
103
104
108
106
steady
Ch Lights
18.80
18.60
13.00
18.70
18.90
+20€
Electrics
20.00
20.80
20.60
29,60
30
+100
HK Ticpho've
27.00
27.80
27.80
29.30
28.10
--200
G.I. Cement
3214
3214b
3214b
234
3314
--250
Dairy Farm
14.70
14.65m
14.75m
15.80
16.60m
-20c
A.S. Watson
11.70
11.00m
11.55m
12.50
12.70
Yangtza
6.30n
6.301
6.356
0,451
6.45b
Abled
4.60b
4.55
4.55
4,30xdm
4.25
st
UK & FE Ine.
10,30
10.50b
10.70b
11.309
11
Texille Corp
4.60
4.35mxd
4.33
4.35
4.325
Nanyang
8.300
8.70
1,40
9.30
0.25b
-30c -240 -50
conditions on Hongkong Stock Exchange during the past week resulted in a drop of nearly $2 million in the turnover.
The market has done just the opposite to what was expected at this time of the year when dividends are coming out,
for
the week around the best levels
$1,820 (ex-dividend). compied
Most of the recent popular
The turnover Was $3.88 million with the previous week's take of $3.09 million. Tally for the weck was eight higher, four unchanged. and 12 lower com- pared with 17 higher, three un- changed and four
week.
Brightest
lower Jast
the
Hongkong Banks were
weck brightest lue of the gaining another $50-inure than their interin divi- recovering dend closing at their highest quole of the year, $1,820.
Wharves continued to rise und | renched their 1952 high of $112, which they maintained through the week. Docks gained an- other $1.50 on the week to close at $49.50.
bolh
ол
In the utilities section, Lights and Electries tacked gains, the former 20 cents and the latter 40 cents.
Prevailed
issues have remained slendy and show tle change from the previous week's close. Amongst there are Wharves, Docks, Telephones, Cements and Watsons.
Electrics and Chian Lights showed some slight improve. ment following statements by these companies regarding the surcharge position.
Trams yielded some ground un
proft-Taking but closer frac
ally better than the low for the week. There has been no outstanding
feature and elsewhere
there
and
is little of note to report,
Engineering Hongkong
Construction Company hooneid an intering dividend
bonus of 10 cents and cools payable on August 17.
ten
STOCKS LOSE
GROUND ON
WALL STREET
New York, Aug. 1.
+200 steady
Singapore
Stock Market|
⚫ Singapore, Aug. 2, Brokem today quoted the fol-} lowing stock prices;
Stocks once again lost ground before the close, Fraser & Neave Lid Ord.. capping another narrow, irregular session which generated the lightest activity since April 1.
CHICAGO GRAIN MARKET
4
Chicago, Aug. 1. Buying raised most grain futures at the close of the Board of Trade today.
Flour mill buying brought gains of almost a cent a bushel in wheat at the opening but mid-morning profit-taking
started prices downward. How ever, buying resumed around and priers sinried to advance,
Some buying in soybeans wis based on reports of warmer weather in the grum belt and a firmer tone in the vegetable olis market.
Mexico purchased four million bushels of US corn, and 1,500,000 bushels of Pacific Coast white wheat were sold to India in the day's foreign activity,
Wheat closed unchanged to up 1⁄4 cent for new and unchanged
off a cent for old, Soybeans closed up 1 to 24
cents.
Proes per bushel in cents: Wheat No. 2, rod old contract
September
December
Wheat new contract
Spot
Sept. 21514(H) 210 December
December
May
· STERLING |New York Sugar
UNDER PRESSURE
London, Aug. 1. Pound sterling was under substantial pressure today and yielded ground but in- vestors ignored it and con- tinued their demand for British government stocks.
Market
Singapore, Aug. 1. World No. 4 sugar futures closed 11 to 22 points lower with sales of 1,365 contracts.
Domestic No. 4 sugar futures closed unchanged to 3 points lower with spice of 92 tracts.
con-
steadied World contracts toward the close after Carlier Both old Consols and War | weakness precipitated by broad- Loan gained at least 4 sterling scale liquidation und hedge but some of the lesser knowns selling prompted in part by gained as much as 1⁄2 sterling.
Olls were heavily sold on the theory that those interested in 1ddle East and Venezuelan o! would fure badly in the cut in American Imperis Royal Dutch closed unchanged at 23% sterling but Shell lost 3 shilings and British Peiroleum 2 shillings.
the reappearance of Brazilian competition in the raw market,
Japan reportedly was negotia- ting with Brazil for 150,000 tons of raws, Formosa also was reported Interested in поп- Cuban rawn.
Contract No. 4 (world) September October Jntary Morch
In foreign bonds Young Loan ensext sterling to 2074 bui May the Polash bonds relapsed Into activity.
Dollur
slocks had mild de- mand but not sumelen! to affect the premium.-United Press,
London Foreign Exchange
London, Aug. 1.
Closing rates were;
2.78 5/16-2.1016 2.04-2.0414
10.03}=-10043;
13060-130,8 12.0774-11.67
14.42-14.422
12.1854-12.20
Others unchanged-Unified Press.
313
Lintang Rubber Ca.
Britist Bornco Petroleum
Syndicate
Opening
$2.25
Marell
215-210 210 120-12-45 221-
Max
215
New York Montreal
Corn, No. 2, yellow
Amsterdam
Spot
132n
Brussels Frankfurt
September
120/4
Consolidated Tin Smelters
UNI.
12834-12
Stockhol
Zurich
Jis d $2.9214
March
329-
1331
Fraser Neave 75 cum.
_pref
Ryo
Garroyong (Malayı) Limited $2.01 Hongkong Shanghai Bank-
ing Corp. Hongkong Tin Ltd.
September
$30-120-4
December
134%
A 1
$2.10
Outs
September
0546
December
0874-4)
42$ Ed
Soybeans, No. 2, yellow
Lars Rubber Estates Lid.
09
Spo!
74412
$3.00
September
24412
New Serandah Rubber Co.
November
2352-236
$2,00
2301-
$3.02
24215
Ranies Hotel
$2.45
243
Stagspore Cold Sturmge
$2.22
Strata Trading
$2.0214
Barley
Siraits, Steamvilsip
318.00
Spat
123-133
United Engineers Ord.
$10.00
New York flour
3614
Wearne Bros......
200 b. sack ......
$13.70
314
• exdiv: • exalt--Chins Mail Special.
United Press.
WINNIPEG
PRICES
Kuali Kampar Tin
There was no news deemed sufficiently im- portant to stimulate real demand and no real rea- suns for selling. In such circumstances, investors Breweries... were reluctant to transact more than routine husi-ping Tin Lid.
Market Diary
Watsons closed at $12,70,
a
rise of 20 cents on the week.
Here is n market diary weck:
Friday:
the
ness;
Movements
ដ small: $1,148,000.
the
Muitday:
Here is an Ice House Street account observer's
market: Generally quiet conditions have prevailed during the past week with the result that the Tuesday: overall turnover dropped from $5.09 million to $3.8 million.
Ifongkong Banks
Wednesday:
firu were throughout and more than re-
the Thursday: of covered the amount
close 10 dividend interim
WORLD
RUBBER
MARKETS
New York. Aug. I
Rex rubber
futures today
closed 10 to 25 points higher
with sales of 45 contracts
tew Volume of 1,000,000 sharts, General Foods T/O:langed 170,000 shures behind on Pub, ul.
Prices well main- tained. T/O: $1,314,000.
stepny.
No material change.
T/O: $764,000,
Undertone T/O: $305,000.
conditions. Quiet WO: $550,000.
Wednesday.
Activity centred in Raytheon, Cries Service, Bn/dwin-Limia Hamilton, and Bethlehem Steel.
Cilics Service, responding to word of an oil discovery in the Suliante of Muscat and Oman, ran up 2 points and held around half the gain. Richfeld, with interest ki
area, Anished with a gain of nearly 2. points.
the
same
General Maturs
Gelly Of Glidden Cu Goodrich (BF) Co. Godyear Tyr Gult ou Dryden Newport Com Honestake Mining Co. Ingersol-Ran
Inland Steel Co, Interstici.cal Comp. Int'l Business Machines
1 rvester international Paper International Nickel
January March
Muy
Qata
3475
New York. Aug. 1.
Kye
1021
Closing rates were:
Caneda
1.05 7/16
int Tet & Tel.
Jan-Manville Co.
45%
England oficial
Kantar C. Power & Light
30-days
301
DO-days
Rennrcott Copper
Lignel! Merers Tob. Co.
Australia
Luckitend Arcraft
3712
Now Zealand
South Afrlea
Loews Incorp. ....
30
Uruguay
20
(in.
cents per
*
July
October
4.10-21 4.21
293
3.00
3.09
Spot (cents per 1. Toh Cartins
Open interest: 6,300
Contract No. 6' (domestle) September
November
March
Septembe
Spat (cents per lb., et NY
uty)
.... 4.TO Open Interest: 1,700 contracIR- United Press.
NAMESAKES
Answers:-1
Command,
2
China, 3 Ruling, 4 Mainland, 5
0
10
Invasion, 6 Guts, 7 Attack, National, Communists, Formosa, 11 Shipping, 12 Japan- ese, 13 Junks,
Chiang Kai Shek.
P.OBIE.A
COMPANIES
21st August
19th September
IAT
October
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N. CO.
Homewards
Leaves London
Salled 23/
One Bongkong 25th August 22nd September 20th October
3th October
Via southampton, Colombo, Penang & Singapore,
Leaves Hongkong Bue London
20th September 28th August 2011 September 27th October
24 November 2011 November
24 October
3rd November
Via Singapore, Penzug, Colombo & Aden, FREIGHT SERVICE
701%
Dutwards
TO
"CANTON"
"CONFU"
1123
"CARTHAGE"
114%
1192
"CHUSAN"
003
મ
D41%
"CANTON"
230
"CORFU"
27234
275
"CARTHAGE"
export:
"CHUSAN"
September
November
January
March
MAY
July
September...
HONGKONG
STOCK EXCHANGE
02,40
Our Own Correspondent
32.30
32.10
31.00
31.70
Standard contract closed 10 to
25 points higher with no sales
reported.
September
November
January
March
MAY
July ..... September
Steadiness of cables and
Business done on the Hong- tor1; Stock Exchange this
amounted morning
to ip- proximately $220,000. Noun The morning's quotations and transactions:
3260
32.40
32.33
32,30
Sharca Buyers Sellers
BANKS
HAJAN
32.35
Ik Bank XD
1826
31.00
31.70
INSURANCES
Union
071%
3
Lombard
SHIPPING Wheelock
DOCKS, ETC.
Dock
500 8:00 2000 M 0.00
114
scarcity of shipment offering from the Far East to steady an otherwise quiet market. Intra- denler switching of Nov./Sept. contracts accounted for part of Whart the small trade.
In the
ཁྐྲ་
113 Provident 11.00 31.90 000 44 11.50
LAND, ETC. KK Hotel.
105 Land.. 353% Bunpattya one and fives, tently noglucted. Reported sales out
WB
shipment market, deal- reported u fair-wized In- in two, three and four sheets with the
terest
of Thailand included three ribs RUBBER
at 31% cents and four ribs
304 cents a pound, both
ati
cents for Aug.
and freight, August chipment.
From Indonesia three browne were reported worked at 27 Star Ferry.
cost
UTILITIES
Tram
10.20
10.00
1.6% 1.50
2.475. 3.60 31000, 43%
130 1.35
* 24.40 24.0 · 500 € 24.40
1000
103
mon
Kodak
Lone Star Cement Co. Lowenstein & Sons, Mefennell Aircraft
Sieck Exge.).
Losses of 21 points in East-Mesabi Iron Corp.
Kodak, a point In On Minnesota Miņ
Mission Development close to A point
Mionsanto Chemical Co.
Perit.
1
Motorola Ing.
Bethlehem Stect and Chrysler Stentgenery Ward helped pull down the Industrial I lost 2.31 points to overage. 500.21
National Cah teg. "A" National Dairy Prod. National Lear
National Steel Corp.
New York Central
Ralls fell 1.05 points to 148.74, tellecting chiefly a drop of mure Qian 2 points in Kansas City Southern which run
up L simllar amount w Wednestlay, Pilures
Ululles dipped .10 to 09.78.
Of a total 1,112 issues tradel, 553 were low.), 324 higher, 235 lows unchanged with 32 now set, nine new higi
Oll Mathieson Ott Elevators Owen-dilinols Clu Pacific Gor & Fire,
Pan American Airways
Davis Co
Penny J. C. Co. Penn, Salt Co.
Philip Morris
Procter & Gamble Co. Pittsburgh Pinto Glase Pahlickor Industries
Pure O***** Radio Corporation Republic Steel
N.Y. Stock Exchange bond; Reynolda Metal
volume was $3,000,000.
American Stock Exchange
volume was 780,000 shares.
Closing Prices
Allied Chemicals.
All Chalmers
Ametiena Airline
Am. Cable & Radio Corp. American Cyanamlile Co. Am. & Foren. Power Ain. Ona & Electric Ain. Mach & American Metal American Sinetting
dry,
Am. Sugar Nel. American Tel & Tel
American Tob, "B"
41%
Anaconda Copper
60
134 Armour
Armco Steel
100 Atlas Cong. Buning
10 Baldwin-tima-Itam,
I half Sept. Yaumau
107 DO shipment and some at bark at Lum (0) 180 10.10 2500
(n.) 12.00 15 and Ele
100 10 21 cents, Aug./Sept. cos. freight. Locally, No. 1 Res was relephone** 20.20 2030 500 20.20 quoted at 35 cents.
LONDON
50.00
Baltimore & Ohio
Beneficial Finance
Senm, Roebuck & Co.
Shell Oll Co.
Paper
Saint R.
Sinclair
Soenny Mobila
Soln: Alrevaft
Southern Co.
(70)
Southern National Gra
Southern Intlway (Com.)
Standard Brands
Standard Oil of Cal
Swift & Co.
Standard Oil of Ind
Standard Oll of NJ
Steep Rock Toronto Exge...
Sterling Drig_Co.
3.23%
Stokely-Van Comp.
18
Studebaker Packard Corp.
eis
1)Texas Co.
7426
341Tide Waler Asm. Oil
254
401 Time Inc. .....
so
574
Twenty Century Fox Fin
201
20
Union Carbide ......
12140
Unien Paune Railway
173
United Aircraft
62
71
United Gas Corp.
351x U.S.
U.S. Foll
GYPE 15 B. Line 1031
0.3. Rubber 14.S. Smelting
Weetinghouse Electric
Winnipeg, Aug. 1, Prices of grain futures closed bushels as Loday in
New York Foreign follows:
Exchange
Others unchanged,
2.79 7/10
2.701
2.7732
3.71 7/16 27812 22430
The free market rote of the Japanese yen to the US dollar,
as quoted by Pick's World Cur- at 408-United rency Repart
Press.
October December May
Octuber December May Barley
Chelober December May Flaxseed
October
December
May
Canadian
whent Northern No. 3, non-IWA 16034 cents.- cents; No. 5, 123% United Press.
COTTON FUTURES
IRREGULAR
IN NEW YORK
New York, Aug.1. Cotton futures today, after a steady opening settled back to losses of $1 a bale, then turned quiet and narrowly irregular.
Day trader covering lifted prices from the extreme lows at the close but the list still finished with new losses of 8 to 10 points. The market opened up 6 to off 2 points. New Orleans closed off 8 to 11 points.
A post-opening sell-off fer- Spot
October tured offerings in July through December wire houses, along with scatter-March
July
ed selling prompted by the May lower than expected July parity October
continued favour Decembar report and abio weather and crop nows,
Technicians imagined the
marko might become more of today as follows:
a trading affair pending the lober
government erpp estimate due December
the official report. Ope estimate October
so far placed the prop at 11,800,- December
*
#
From UK
"SALMARA” 15 J'ort "SALNETTE" Rus suh Aug. *SUNDA" ivada Uth Aug.
hun UK.
"BOMALI" due 18 Aug. "BALSETTE" jond: 19th Aug.
"SINGAPORE"due 22nd Aug:
for Londen, Hamburg. Hotterdam, Antwerp vis Havre, Stralis & Aden from UK.
for Landon, Hamburg, Holterdam, Antwerp via Stralia & Agen
[rom UK.
BRITISH INDIA S.N, CO., LTD,
2956
1858 - A HUNDRED YEARS OF SERVICE "BANGIOLA"due 5th Aug. from Japan
salis. 7th Aug. for Singapore. Penang.
Rangeon & Calcula
'ORMAKA" duo 13th Aug. als 18th Aug.
*SANTHA” due 20th Aug. mafie 21st Aug.
Ягода Зарад
far Singapore, Penang, itan good Calcula Chittagong
from Calcutta, Rangoon
A Sira 105 Japan
P. & O./B. I. JOINT SERVICE "URLANA" 4 3rd Aug
Од
5th Aug.
du 18 Aug. -salle 12th Aug. ̈*
"ISMAILA" due 18th AuE
sal!* 20th Aug,
"IKAUNA"
NEW ORLEANS Prices of cation futurea closed
due Dil Aug.
alia 11th Aug.
"ITAULA"
Spot
3046
4415
very s which usually
Aug 8-and the private
sur-Marell
prended May
July
55% 18. Stee
Bendix Aviation Corp.
SEP
Warner Bros.
2:15
1000
20.20
Benguet Cons
14
Bethlehem Steel
INDUSTRIALS cement ... 333% 2334.
Boeing Airplane
Western Union Tel. Co. Wert Va. Pulp & per Woolworth
Cotton
LIVERPOOL
futuro
closings,
bales.
Horden (The) Co. Burrough
42 „United Pre
The
about
15,00
Matrona 12% 12.70 CLYTTONS Textiles... Nanyang MISCELLANEOUS Vibro H.K. & FE Invest.
Case (J. L.) Co.
4.30 4.35 9.30
30
.90
The rubber market was steady STDRES, ETC. with spot quoted at 27-1/16 | Dairy....
pence per lb. Priots:
No. 11 spot ... 27-2715
* Settlement house torpa;
August
Hepiember
October/December
January/Maypis
May/June
General markets, tif basis,
Avgust
September
Biate crepa
Swin
August
thick August AMSTERDAM
The rubber market was gulot
Exchange Rates
Buddek w done in the local
today. Prios closed'in guliders |trotileta) exchang market
per kilogram, dif August as fol-morning at the following rates
Lows:
{Ra. 1 rubber
dia, a rubber
• No. 5 rubbor
· Ha, i crepe
(U.S. dollar (per (1)
2.03 som.eshop BOLEH (
11.02 Hot. } Australian "note" (per"
, rupias per 100)
hom. Bjarn, Llog) (pro 100)
Using ProES.
Shigtabure" {fficalig)
Add Machine
Camubell Soup Co. Canadian Facle .
Cat. Tractor
Celanco Corp.
C. L. T. Finadelal Corp.
Chase Xanhat. Bank Chryfer Motors .......... Clinux Molybdenum
Colgate-Palmolive Co. Colòmbian Carbon Do. Commercial Credit Commonwealth Elec. Consolidate Mattson Continental ou of Del Crown Zellerbach Cubén Amer, Bugar Inambikk Alkali Douglas Aircraft Dow Chemicall ..... Dupont de Nemour
thin
Ar
|109 | Bartman Rodak ..
!!
15.00 National Ga
(112) || Fundy" France Corp.
11.30 | Tiertone (Thy 19" di Binbur
27.70 Ford Motor yan
1,80 | 12macal® Käotzia
190
40
000 baks compared with last 10% year's
LONDON METAL
PRICES
Landon, Aug.).
13,150,000
ruttom of
current estimate came 500,000 bales aliead of expectations, but there recent
scale has been a tendency to crop ideas upwjed·becjuse of Mo recent favourable growing conditions over most sections of the south.
pence per lb, were as follows: Old contract
Delober/November
December/January March/April
May/Junb JULYAUTIST Now contract
October/November December/Jaliuory March/April MAY/JUD July/August
The loan rate for the 1057 on the mid-July crop, based
Colton parity, would be around $1.01
SAO PAULO
nature
AERRE BRAN
28908 PORA
in
closings, in
Prices of metals closed today cento a douh for middling erupeiros per kilo were as fol- in erling per fon ton as fnch, nec c ipllows:
Tin spot
Jeneath
Coper met
month
Kabel Kit HALI
Zine ist halt
March and May Emly
77 per cent of 10ws: Berent panity.
October tradu pugsses
December had ranged up to around 00 Buyers Babere pur cent, which would indicate .747 245 Joan of ebay 33.41 dönte compared with 92.74 for the 1930 crop.
ยม
40.00
In the United States, the average price of one-inch, cotton ne 14 designated spot marjoj Wax 38.80 centa
Total sales at these markets beles, United Press,
NEW YORK Prices of cotton tuturos elérea were 11(143
:; today' as, follows:
from Japan
for Singapore. Cochin, Bombay (aracht, Bas-
ah. Khorramshahr Xuwall.
from Karachi, Bombay, & Singaporo for Japan
from Bombay, Cochin, * Singapore fur Jaden
tram Japan
for Bingapore, Bombay, Karachi Basrah Khor- raaliahr & Kuwait
EASTERN & AUSTRALIAN 5.5. CO., LTD.
"NANKIN"
and til Aug.
"LASTEIN" dae 13th AvK.
For Labor Sandakau, Rabaul, Drisbane, Syd- Day. Melbour Adelalde
Irem Araizalia
All vessels haya iberty to call at any parts en
or off the route a the route a kalliigs are naklect
to change of amendment with or withouă noţius,
For full particulars apply to - MACKINNON. MACKENZIE & CO.
OF HONG KONG LID. Telephone Nos:
27/21 4.
*
*