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Page
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THE CHINA MAIL, FRIDAY, SEPTEMBER 13, 1957.
TRADE and COMMERCE SECTION
Pago 9
CEMENTS TAKE BAD BEATING WORLD RUBBER
HONGKONG Now At $30:
STOCK EXCHANGE
Our Own Correspondent Business on the Stock Ex- change this morning amounica
Noon quotations to $320,000. and the morning's deatings:—
dhares Buyers Sellers BANKS
1 bank..
#1721
EOUL AND
2270
INSURANCES
Union 91
10
Lord..
3424
SHIPPING
W
1.
DOCKA, ETC.
K. Wharf.
115
123
.....
52+
Ander
Bock
503 5 831 Pident 12 12.10 1.005 4
LAND, MIC
1.20
1K t. 13.20 75.20
HK Land
Healty Amak Trust UTILITIES
23631
XD......
Humphreya
500 16.0 100 1020
1473 1.50
1.5.5 1.06
Yzumall
C. Light (0)
23.20 23.30
102 103 18.20 10.40
(nb) 12.30 12.00
Electro 20.43 24.10
Lowest Since
Quote
1955
By A SPECIAL CORRESPONDENT
Coments took a bad beating during the week and slid 50 conts yesterday to close the week at their lowest quote since 1955.
The share's closing sale was at $30-a loss of $2 on the week. Buyers were offering $29.60 yesterday.
1 is expected In Ica
Housc
S reet clrates that Ciminis will continue to drop on the Stock Exchange as it is already caught in the aid.130 of the current eement war 210 18.70 Japanese-Chinese
200 23.30 200 100 118.4)
Ad in the Colony. Green Island 10031 Cement Company's exports 10 places in South-east Asia have also been hit.
1030 13.30
DOU 14 12.8
100
0 40 4.4.0
107 28.03
10 40 10 NO
Mario S... Telephone 21.0 23.0 12032710 INDUSTRIALS
Leineni 29.00
...... leg
STORES,
10
Bridge Move
NEW YORK
COTTON MARKET
Yaunat! Ferries started losing 11:01.60 ground the day after the
Pouncement by the Hongkong
New York, Sept. 12. Bay 15.10 13.70 2000 15.93 Government ut the harbour Wallon ..$242.40
- Skht - po- 12 t
Cotton futures trading to- 50914.50'dee move
After dropping to
continued 102 from $100 last work, the day steek held steady at this lower level
L. Craw
33.50
Error
0.55
COTTONY
9.00
MISCELLANEOUS
Ch. Entert. 23.00 INVESTMENTS
Vibro
Yangitze
Allied
FIT
H.K. & FE Invest
4.00
4.20 4.25
2.80
BETTER START
uu 55 last week on rumours of
featureless.
klow and
[ew
Prices sce-sowed i Kowloon Docks, which went points
on either side of the Small trade previous clase. buying balanced of light hod-
and liquidation.
the sale of some of its property in Kowloon, fell to $52 at, the beginning of the week on profit taking but steadied at the close with a block sold at $53.50-a loss of 50 cents on the week.
Banks and Unions we down fractionally on the week, with the former seng at $863 and the latter at 390.
Small Losses
Closing prices ruled
up one
to six points. The market open- ed off cue to up one point. New
Orleens closed up four to five points.
run
Traders thought the volume would
below the 17,300 bales reported for Wednesday, which was the smallest for
Ave-hour session in 20 years.
London, Sopt. 12. The majority of the utilitles
The previous record tow of The better tendency which had snill losses for the week. 18,500 bales was made on Aug. h they all remained more ог developed at the opening less steady.
2. 1840, based on slathiles 后里 Commodity Exchange today was not maintained,
Yesterday the Stock Exchange the
with Administration which go back and markets closed on a had a flurry of business dulf noto.
'he result that prices eased to 1937. Gill-edged
lacked somewhat, but it pushed un the
securities
the recent small demand, and week's turnover to $2.95 million although generally holding compared steady, recorded occasional week's small fails. Consols 215 per million.
with the previnus turnover of $2.18 Tally for the week was two
Market Diary
12
cent and War Loan 3 per higher, ten unchanged and both fell 2/0 to £47-7/8 and
lower compared with 12 higher. £65-13/10 respectively.
Are unchanged and seven lower Industrials scored number of modest quins k early ocal- last week. ings. but these were lost ond most shares closed ca.iur..
Rulls Royce fell 17- and Unilever Bd to 88/6, 1n slores
enged Od
to 45/- Woolworths and Marks und Spencers was Tuesday: around six pence lower,
Leading ots improved with British Futroleum closing 3/1- 1⁄2 up at 131/3, after the interim statement. Royal Dutch rose 137- to £23 and Shell 3/- higher at 192/6. Coppers were friner.
J
Here Is a market Dlary of the Werk: Friday:
on
A little more "acti- vily, T/O: $750,000. Trading moderaté scale. 370; 588,000. Wednesday: Quiet and steady.
T/O: $572.000. Slight prices.
Friesday:
vasing in T/O:
$1,012,000.
It's got to be Lombard
for MY money!
Whichever way you look at it, n Bank Deposit Account with Lombard Banking is best for you. 69% interest without deduction of United Kingdom Incometax. Short or long terin Deposits, Just as you like. Assured security, with
6%
full banking facilities at your disposal, Bank Deposits
from £100 to £250,000 are accepted, 1 somehow think
you'll agred it's got to be lombard for your money, too!
GROUP ASSETS EXCEED £15,000,000 Interest paid half-yearly without deduction of United
Kingdom Income Tax."
Send today for your copy of "Baak Dopol Booklet No. A6.74 trom' General Manager
Account"
LOMBARD BANKING
LINITED BANKERS
·Hal Offer
LOMBARD TOURE
CUEZON STREST, PARK LANE, LONDON, WI
GRO 4111.033 line) Denchen and Agita zhroughout the Torid
Mark Time
Most traders continued maik thine pending
pents Incentives.
10
crop ollier new
À pilvato erop summary saldi castern bell rains in the past week were unf.vourable sinte 10 per cent of the culion is open. Cool temperatures in control belt stetions tended to :low maturity of Like crop wolch is already much later than normal. The far western
belt reported mostly favourable
weather.
Loan entries lar tno week ended, Sept. 6 totalled 17,089 bales compared with 78,497 in
last some werk Estries under
the 1957 Framme now total only 20,506 bales vartus 209,127 bales year ago United Presa,
NEW YORK
COTTON PRICES
усат. pro-
В
New York, Sept, 12, -Prices
futures ot=""cotton" cloat today as follows:
Spot
October December
March
May
July October Becctober
34.78
33.78
33.03
33.02-03
33.01
12,50
32:40
United Fres
NEW ORLEANS PRICES
New Orleans, Sept. 12. Prlees of cotton futures closed today as follows:
Spot October December March
May
July October December
The Share Market At A Glance ★
11K Bank Lombard. Union Wheelock HK Whart
HK Docks Frovhlent HK Hotels
Sar Ferry
Yaumatis
Ch Liebin Electrica
G.I. Cement
Dairy Farm
-100
PRICES
Singapore, Sept. 12,
The market opened lower on overseas sdvices but reacted sharply as news of China buy- ing of October ono sheet brought out short covering.
Lower sheels were quiet with sellers reserved and there was more selling Interest for for- ward positions. No. 1 rubber ver
Sept. 0832-07 GeL 31-B
No. 2 rubber per lb. Sept,
w
Spot rubber unbaled Blanket crepe No. 1 pale crepa
83.04
00.3
+
19303 785-01 97-13
United Press. LONDON MARKET
London, Scpt. 12. The rubber mutket was un- certain with spot quoted at 25 pence.
Beptember November January
March May Juty
September
30.03
30.30
po.id
30.01
30.10
Fitr London cables ning with withdrawal of offerings from Colombo and a
broader consumer interest here in Theols, shaped market ment,
However,
were
on santi-
Aitures dealings generally
with quot tra-dealer switching includ- ing exchanges of May/July and and Jan/May on an even basis.
In the shipment market, moderate tonnage was report ed worked with Indonerla Do sheets, Sept/Oct. at 20% cento a-pound, cost and freight. Lorally No. 11ss was quoted at 30% cenis-nited Press.
Up or
+
Aug 15
Aur 22
905xall
33340
800
350
Aur 29 580
Sept. 5
870
Sept. 13 RGB
Down
-15
3414b
340
3434b
03
10
005
00146
- BO
7.80
77.80
7.80
7,85m
*7.85
pleady -100 steady
114b
117b
124m
122b
122
eady
4814
481
496
51
63%
-80
11.805
11.80
12.20
12.10
起
-100
15.50
15.40
15.40
15.40
15.20
-200
No, a No,
HK Lands
36
361⁄2
30%
3014
3814
steady
IK Realy
1
14
11
314
14
steady
HK Trims
24
22.80
24
23.40x4
23.80
-100
135x
131nxd
131
133#
131
+81
107
100m
10544m
100
102
$9
18.00
18,50
18.70m
18.80
18.80
steady
20.00
29.50
20 20xd
2.1
28.80
-200
K Tlephone
28
27.00
27.70
27.80
27.80
strady
3314
321/
3214
32
30
-$2
No. 1 Rss pol
15.60
£5.70
15.00
15.70
15,00
Settlement house for 241-25
A.S. Wainon Yangleze Allied
12.60m
12.50
12.55m
12.00m
12.00
sicady
Oct.
21-2511
Nov.
6.40b
G.G03
6.555
1.00s
0.00%
steady
Dec.
2346-251
4.20
4,251
4.25.
4.15
4.20b
+50
Det./Dec.
2516-231
K&FE ly Textile Carp Nanyang
10xd
10n
10.309
10.209
9.800
405
Jan./Mar.
2522-20
May/June
2014-20
4.3259 8.35
4.30
4.478
4.525
4.475
-50
July/Sept
202-204
9.450
0.80
9.80m
0,80m
steady
General markcia, eit basis, portat
Brol.
2436-2311
DJ1.
23-2842
Nav.
2314-2314
Erate crepe thin Oct.
thick
*11 2012 United Press.
Amsterdam
Ikrek
COPPER
PRICE
HIGHER
Milan
O:10
Poris
Bluckholm
day 13 to 24 points higher with
Zurich
sales of 33 contracts.
September
23.90
November
30.01
Janunty
J0.05
March
May
Jul
$2 Billion Gain On Wall Street
New York, Sept. 12.
Stocks pushed their recovery forward to the tune of more than $2 billion today on an
an-
New York, Sepl, 12. A custom smelter nounced today it had ruled Ha price for copper V1⁄2 cent to 25 cents pound-the first advance in the copper price structure
ย long while.
Smelters buy ore and scrap and process them into electroly- leally refined copper. At 25 centa tho smelters price 5 lower than the 27 conta pound charged by the major domestic producers,
NEW YORK MARKET
New York, Sept. 12. Rex rubber futures closed to-
London Foreign Exchange
Lendon, Sept. 12. Closing rates were:
New York Montreal
Copenhagen
On
2.78% -2.78-8/10 207-3/16-281-0/18 10.661-100114
139 00-339.53
15 336-19.331
174515-174519 19.944-19 9444. 11701-77263 14.43-144312
12.10-12.1015
United Fres
NAMESAKES
Answers-1 Photograph,
*
ศ
30,16 Projection, 3 Walewska, 4 Stock-
30.10
September
holm, Napoleon, 6 Acling, Standard contract closed 13 to Camille, 8 Kareninn, 0 Public- 24 points higher with no sales jlty, 10 Ninotchka, reported, closing pricos;
#
*
Both the melter and pro-
ducer prices have fallen sharp-
reflecting high stocks and weak for the Industrial demand metal.-United Press.
advance which took in virtually all sec-ly in the last several months tions of the market although it failed to build up any real volume.
Volume for the session dipped | Dlangnd Match
2 2,010,000 shores trem the 2,- lurnover yesteruny 130,000
lecovery gul unor
When the way in
a lote vigorous push, Toe thin matkel resuited t some big price swing three unu four poina in some cases.
enar- The move again was acterised as chicly Lechnical in nature, helped alung by a few Cop- invourable news items,
the Dust pers were helped by
in cupper prices upturn mny months. Uis met support on an apparently brighter Mid dle East picture.
wh
Active Stocks
Douglas Alrorsit
Dow Chemn.duds
Dupont de Nemours
Eastman Kodak
Paso Halienal Gas Family. Finance Corp. ...
caune 1ste & Rubber Ford Motor... General Electric
General Mu
General Motārs
Gen. Pub U
Gatty O
Gladen Gr.
Goodrich (B. F.) Co. Goodyear Tyra
L
Gulf Of
The gain amounted to 0.30 polats in the industrial average which closed ut 480.58; 1.85 41 polats in rails at 132.40;; pain in utilities at 67.58 and 1.98 points in the 65 stock com- Kuched poste average which 164.32.
O a total 2,102 issues tradid, 141 were higher, only 198 lower 2.14
four 225 unchanged with new highs set and 48 new lows. Sperry Rand, General Motors, Royal Dutch, Bethlehem Steel. Anaconda, Standard Oil (NJ), Chrysler, Socony Mobil, U.3. Steel, Rhodesian Selection Trus were the most actively truded
stocks.
All were higher except for Sperry Rand which dipped a
ruction
New York Stock Exchange bond volume was $3,330,000.
American Stock Exchange volume was 050,000 shares.
Closing Prices
|
Heyden Newport Corp. Homestake Ming Co. Ingeraall-Rand
Inland Steel Co.
Business Machines
Int'l Harvester
COMPANY MEETING
DO
IBUL
300
The
30%
4174 50
General Electric Company Limited
of England
The 57th annual general
34% meeting of The General
"
*
*
Greta Garbo.
PO B•IE.A
COMPANIES
Saled :1a
1st October
Uue Hongkong
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N, CO.
Outwards "CONFU" *CARTILAGE" "CHUSAN" "CANTON"
Loaves London
18th Boptember
15th October
sind September 20th October
30th October
Via Bouthampton, Colomba, Penang & Singapore.
· Leaves Hongkong Dus London
26th September
24th October
2th October
24th November
3rd November 30th November.
zand November 23rd December
18th November
Homewards
'CORFU"
137
30
Electric Company, Limited, was held on September 6 in London.
"CARTHAGE"
*
"CHUSAN" "CANTON"
1
Interchemical Corp. an 144
International Paper Int'l Tel & Tel
Ray McDermott John-Manville Co.
AL
Kaiser Industry
14
ASE Power & Light
33:
SIR HARRY RAILING, 994; chairman, in the course of his 14 speech, said: The sales for the year ended 31st March, 1957 showed a steady increase and exceeded those of the previous year by 10 per cent, In spite of this, the rise in costs could not be fully recovered
*
*
Via Singapore, Panang, Colombo, Domky a Aden.
FREIGHT SERVICE
“SINGAPORE” (oada 14th Sept.
́andia 15th Sept. for London, Hamburg,
bettergaul.
Answers VIA DESKILL, Adin, Por Sudan Chaabianca Be
bygg
Kennecolt Cupper
A Meyers Tcb. Co.
*
with
*
"SOUDAN" due 25th Sept. from UK.
du 26th Sept.
from U "SUBAT"
and
our
international Nickel
| Lzekheld Afterati
Loews Invoip.... Lone Star Cement Co. Lortein & Su7. McDonne!) Aircraft
Stock Ex Mesabi Iron Corp. Minnesota Mining Missku Development
Mensanto Chemical Co. Montgomery Ward Motorola tac. National Cam Reg "A" National Dairy Prod. National Lead
National Steel Corp. Now York Central
Norfolk & Western Ry.
| Olla- Maihieron
Oils Bevator............ Owen-nob Clase
Pacific Gas & Elec.
Pan American Airways Paramount Pictures Parke Davis Co. Penny J. C
Procter & Gamble Co. Futburgh Plate Glass
Publloker Industries Pure Oll.... Radio Cameralion Republic Steel Haylinide Metal
Penn, Salt Co.
Phip Morris
Alden Ine. Acy.
$ 2016
Allod Chemicals
64
All Mills Inc.
20%
Allis Chalmera
American Airlina
03.10
American Cobis & Radin Corp. Americia Cyammide Co.
413
33 70
|Amer. A Voign, Pawer
3001
Am. Qas Electric ..**
33
Buclair O
33,00
Am. Mach'dry. American Metal.... American Smalling
Socony Mablial
21
Selor Alurafi
47
Borthern Co. (The)
171%
33.47
37.35 Am. Brake Shoe 32,47 Am. Sugar Res
American Tel à Tal American Tob, "D" Anaconda Copper Armco Steal .... Armour
tinted Press. LIVERPOOL PRICES
Liverpool, Sept. 12. Cotton future closings, ir pence per lb. were as follows: Old contract Oct/Nov
De Jon Mar/Apr. May/June July/Aug.
New contract Dot/Nav
Dee./3an.
Allas Cons. Mining 25,71 Baldwin-Lima-15am. 20.05 11mote & Ohio
20.41 Beneficial Finance
20.61 Renix Aviation Corp.
44 Sears, Roebuck & Co.
Shell Of Co..
144 Saint Reg. Paper
south Puerto Rico Sugar
Our trading profit has sub-
£0,013,601,
30 stantially remained the same at
compared for £9,752,774
1950 £9,800,324 for 1955. and consolidated not proat for the current year stands at £2,397,- Une compared with £2,750,000 In 1956 and £3,452,000 in 1055. Your directors have decided to
2011
14
(Aan
30%
203
24
472
3011
20% Southem National Ga
Southern Hallway (Com) Standard Brands
*All Blandard Oil of Cal.
underd Ou nt N.J.
!
BRITISH INDIA S.N. CO., LTD.
*
-
1858 A HUNDRED YP ARS or service – 1950 “SANGOLA” dan 2014 Sept. from Calculta, Rangoon
sail th Sept. "OLINDA" due 20th Sept.
A trails
*
tor Japan
*
*
The General Electric Com-
E
“SANGOLA” dum 18th Oct."
Grecommend a final dividend vi 8 per cent on the ordinary stock
6114
助你
1494
3317
7914
સ
424
034
10
making 12 per cost, on the in- creased capital,
pany has continued Its exp
slon during the last year, both In its operations and acquial- Попа.
We have continued the
policy of adding to our proines
tive copneity and over £2,000- UOB was spent, mainly on plant
and machinery, in Great Bri- tain alone. In addition, wo have
Jargo Suns
carmarked research.
It is imperative that
for
the
2014 supply of electrical Energy, in Britain should be on an sorquelo 2014 scale, but our Industry niso has Bepccial responsibilities in pro- viling energy for other coun- trica. Only the electrical manui. 23facturing Industry can hope to world- Sabring about a gren:or sika) wide utilisation of energy In- sources, the "most direct, and 62 mmediate way to help under
developed natious, and thus help to secure the pense of the world.
The report was adopted.
5412
53
Standard On of Ind.
13
Sleep Nork (Toronto Exgo),
131
Serums Drug Co.
Biokaly-Van Comp.
104 Studebaker Packard Corp.
Textmn Le
Sunshine Mindang .....
70 Benguel Cons
1
Swift & Co.
26.31
Bethlehem Sted
4431
Texas Co.
2039
Boeing Airplana
Mar. Apr,
20.77
Borden (THE) C3,
May/June
26 09
Burroughs Add Bachine
July/Aug
21.00
Campbell Baup Co.....
231
-United Prom.
Canadian Pale N
Chen (J.). 50, Asia
CIL Tracior
Exchange Rates
Colne Corp
Chyme Manhattan Banke
G.LT. Finoolal Cǝrg, Chryster MCU MENY Climax-Molybdenun
Cluert Peabody.........
Budness was done in the local læse-Palmolive Ch. unonical exchang markat "Wii | Colombian. Certon Co. morning at the following ratsa: 15 | Sobozordal Cred's U.S. dallar (per. K1), (20
(599) Cortum gywelth. Zies, Sterling notes (per &1)
19,63 | Consolidated, Kalan Austrailan, notes (981/63), and 123 OPKEMOtel eu nd Bali Endengina markbaum 303) 242-19 | chowa Pelmengakuin
Cubek Amer, Buga
Singapore (Straits)
Tide Water Aun, Oil Time Inc. ************ Twenty Century Tox Tim $40) Bulon · Carbide
Union 01 of Cal. Tain Parifio Talway „United Aireryfi. 601itert a Corp. * | 1.9. Foll "B" MAUA Gypsom fath Line. Co.
Rubber
UA. Smelling UA, HINO can
r. Boel 7 pe..pt. Warner Bros
Woolworth,
-United Pre
7014
The General Elcatria Co, Lt. of England known throughout the world as the G.E., B 284 represented in Hong Kong by at The British General Elgerio Có. This Lid. "Tho consolidated .kccóynta at The General Eleizig Ca Ltd. show that the capital employ o' 0432 | at Dizi Murch, 1957 amounted to 22% approximately 277,190,000 and diy hat, the profit for the year to 2016 | that dafo after taxation amount= ad to approäitbaloły. £2,307,090, The dividing on the Ording. capital lo:187k ser vent for sha your less incóíhá tax. The cam- pany has over 70,000 employees.
*
*
*
*
*
*
"OBRA"
sails 29th Bept.
sails 18th Oct
From Japan
sar Singapore, Penang,
Kongcou
Calcutte Chittagong
from Japan for Blugapore, Paks Itangoon as Calcutta
P. & 0./B. I, JOINT SERVICE
Ano 14th Sept. waits 10th Sept.
“IKAUNA" dɗe 17th Sept
· galls 1913; 8opt.
"UMARIA" due 2nd Opt.
from Karachi, Cochin & Singapore for Ja
from Japan
for Singapore, Bomber. Harachi, Dubai, Basrafz, Khorramabatir de KuwaIE
from Karachi, Coobin, Colombo & Sienita for Jupan
from JADA
for Sickspore," Penang, Fort Swettenbam Madras & Kakinada.
*ITRIA"
salis 4th Oct
due nih Oct. xalla 10th OCL
Repos Australia
E
#
EASTERN & AUSTRALIAN S.S. CO., LTD.
*
*
“NELLORE” dus 14 Oct “ARAFURA" fonds 3/4th Oct.
*
sallą dil Ogt.
for Labuan, Bandakan, Rabaul, Brisbane, Byd- ney, Melbourne Adelaide
All vessėje bave Ubúty to cat as, any porta un ur off the route & the conté à sailingy áre subjecð to chapae or amendment Vilh`er witheins ¦ notice.
For fall particukuro apylą tu * MACKINNON. MACKENZIE & CO OF HONG KONG TID. Telephone Nos: 777214