THE CHINA MAIL, FRIDAY, FEBRUARY 14, 1958.
TRADE and COMMERCE SECTION
CHINESE NEW YEAR SELLING
UK Bank Lombard
5135 12.200
10.00 34
alcady
-52
+-81.50
Stock Market Turns Quiet As
Trade Slackens
By A SPECIAL CORRESPONDENT
★
The
Share Market At A Glance ★
Up or
Jan 16
Jan 23
847
840
Jan 30 832
Feb G 835
Feb 13 835
Down
steady
33
320
323
13
33
+500
Union
740
733
70
озь
$1
Wheelock
6.45b
6.45b
6.70
0.25xd
0.25
HK WhatT
121
1210
12011
120
118
HK Docks
31
51.
43
50
Provident
11.00
12.20
12
12.40
HK Hotels
15.80
10.30
16.00
16.60
-200 steady
HK Lands
32%
33
23
341/
IIK Realty
1.350
1.350
1.35
1.35
#K Trams
1250
24.30
0534
24.30
~
23.80
24.30
1.35b 24,30
124
124m
1241
1244m
250 steady #leady +500
95
Deb
974
0754
steady
17
10.00
10.90
17.40
17.20
-200
20.80
26.90
20.80
28.00
20.20
4
HK Telephone
26.10
28.20
20.50
27.20
27,30
+100
201
24.00
20
20.30
26.10,
200
10.50
18.50
10.10
10.30
10
steady
11.80b
12.190
12.20b
12.30
12.10
200
$2.00 million which
6.35b
3.676a
10n
5.55 3.675n 10
4.65h
5.50
5.45b
5.50m
+50
ly $2 million
3.075m
3.70
3.075
2440
100
Lon
10n
steady
4.5780 8.40
4.50b
4.50b
8.60
atcady 6,500 *10c
Star Ferry
Youmalla
Ch Lights
Electrics
G.I. Cement
Dairy Farm
A 8. Watson
Yangtze
Allied
UK & FE Iny
Textile Corp Nanyang
4.55b 8.40b
The New
8.40
NEW YORK COTTON MARKET
Now York, Feb. 13. Cotton futures today sep- sawed narrowly around the previously closing lovels in a slow trading session. After alternative rallies and $1 a
The Hongkong Stock Exchange turned quiet this week with the approach of the Chinese New Year and trading declines over a range of slackened down to a very slow pace.
The tumover only
totalled
was nest-
less than
week's take of $4.77 million.
las!
Pre-Chinese New Year selling majority of stocks brought th down fractionally with the re- sult that ten rounters were lower Nine than last week's prices. were steady and only five high- er. Last week's tally was
lower.
15
NEW YORK higher, five unchanged and four
York NEW YORK
Stock Market
New York, Feb. B.
RUBBER MARKET
New York, Feb. 13. Rex rubber futures today closed 40 to 50 points lower with sales of 57 contracts.
March Alay July 2012
A slow stock market recovery snagged late in the session today by a return of selling which lopped off gains and left the market irregular.
Railroad issues, helped by a #lective freight rate increase, than other fared a bit beller
Kennecott Copper ...
Liggett Meyers Tob. Co.....
2015
Larkheed Aircraft
4135
sections, Some lobuccas,
drugs
Loews Incorp, ...... Lone Star Cement Co.
16
33
did batter
Lowenstein & Sons.................
127
MeDunnell Altcraft
(Am.
brid special Issues
than the average,
A lew oifs also maintained t
firm tone although a few such as Gulf Oil fell
to het lossCE.
Chemicals had a swift turn-
Stock Exge.)
Me abi Irun Comp.
Minnesota Mining
Mis On Development
Nevenber
September
January
March
May Starlord contract closed 40 to
244% 50 points Jower with
Although a number of good this dividends were declared week the market did not go up the opposite. but did exactly
It went down.
Expecting More
HONGKONG STOCK EXCHANGE
Our Own Correspondent
Business done on the Hong-
Exchange Stock kong
this morning amounted to approxi- mately $420,000. Noon" quota- tions and the morning's tranzac- tions were:
Satrs
Khare BANKS
Buyer Sellers
102.50
HK Bank INSURANCES
Union.
It seems that traders were ex- pecting more as in the case of Electries, which pald ten cents more than previously announced Lombard when they declared their In SIPPING terim. There were expectations Wheelock in some circles of bonus shares and a new Issue. dropped 20 cents trading resterday.
1,100 70
11.20 0.30 1,000 1 0
1000 0,23 1,000 * 6.30
on a traders
Inal
bale, the market closed firm note when day moved to cover in the dealings. Closed up 10 to of G points,
Opening prices were off 4 to up 6 points, New Orleans closed up 2 points,
three-dry rise profl-taking activities in new crop months
The previous luvited
FINAL DIVIDEND
A1 + Board Meeting fold yesterday afternoon the Directors of The Hong- kong Land Investment & Agency Co., Ltd., deolded to recommend A Finnl Dividend for the year 1957 of $120 per share on the 2,400,000 farmed shares of the Company.
With the Interim Div{- dend of $1.20 per sharo pald In September, 1047, the total dividend for the year 1057 will amount lo $2.40 per share, a distribu- Hon of $3,780,000 na com- pared with $8,550,000 for the previous year.
LONDON STOCK]
MARKET
on the
PROFITS OF FORD MOTORS
IN CANADA
Toronto, Feb. 14. The Ford Motor Company of
Canada Limited reported that its total 1957 incoma
$17,468,874,
was
$10.53 a share.
or
The preceding year's tolal figure was $19,722,043 or $11.89 a share.
Of the total net income, Canadian $2,173,912 was from
with compared operations, 68,510,690, and $15,204,902 was from dividenda from subsidiary companies, compared with $14,211,344.
Overseas
Net sales totalled $339,002,000 compared with $345,082,870.
Soles of cars, lorries and trac- tors, including imports, totall nd 142,360 units compared with
production 157,834, while
of cars and trucks totalled 154,147 units compared with 148,006,
Value of expert shipments was 26,085,210 dollars, down nearly 10 per cent, Net working capital Dt year-end win
London, Feb. 13, The decisive by-election de feat suffered by the Conserva
ive had an unsettling effect market which today closed irregularly lower. while traders awaited further Gilt-edged securities closed $62,427,804, up $2,860,774. — Washington development on firm on a flurry of Investment, China Mali Special farm legislation.
more
Nearby deliveries operated Ender the handicap of March Hquidation,
buying.
Industrials
moved higher in
NAMESAKES
anticipating scarly trading but lacked down Lotice day, plus scattered trade in late deulings and closed with selling in face of the continued losses in the majority.
Answers--1 Whd, 2 Liberty. dull situation in textiles and Gold shares and coppers were a Coleridge, 4 Lyric, & Bridzo the attendant pause in demand steady, Tin, lead und zinc @ Lakes, 7 Romantic, for raw cotton,
lesues drifted lower.
Windermere, g London, Qila halted their prolonged Prelude, 11 Cumberland, declino and closed firm.
Lines, 13 Work, 14 Dove, Recollects,
Tintern,
Producer loan entries, while substantial, were below the for recent rate. Impoundings the week ended Feb, ↑ totalled
163,738 balea against 244,040 bales in the preceding week.
The new stock of 1957 crop cotton under loan tetailed 2,387,- 332 balen, A year ago the loan stock of 4,133,930 bales tablished the high point for that season,
es-
in March baics.
Open contracts today totalled 100,800
The share poCKS, ETC.
51 in one day's | Dock
Pvident (0) 1250 12.50 500 @ 11.30 LAND, ETC. HK Hotel 1860 16.00 1.000 a 13.70 | The certificated stock remained)
100 3 HK Land.. 31.35 34.25
Most foreign bonds earcıl Dollar stocks were irregular. Friendship. -United Press
25.76
2005
26.40
20.45
26.45
20.45
26.45
20.
no zales
20.45
20.45
Humphreys declared an changed dividend of $1.40.
Amalgamated Rubber declared an interim of five cents against eight cents last year.
un-
at 22,904 bales. 200 G 34
.45
26.43
20.43
Hongkong Tramways declared
Itumphreys Henlly RUBBER Amalg. Trust UTILITIES Tram.... 24.20.24.40
10 16.40 1.33 140 1275 130 10,000
Month
Volume
Open interest
*
March
11,107
105.800.
20,300
228,100
1,215 July
11,200
817.00
1,20
Oct.
20,500
11,100
Tieto
103,500
17 17
250 @ 24W
17.10
300 24.00 March
MAY
Total
1,500
£1,000
10.800
110,000
*
10,200
51,200
2120 27.20
3219
Gported,
20
Atarch
Monsanto Chemical Co.
May
Motorola Inc.
Mantgumery Ward
2221
July
September
about from part of the slipped off as did motors, Metols turned irregular. some, of
tise in the st
session,
Steels
Naional Cani leg. "A" National Dairy Prod,
November
41
January
National Lead
National Steel Comp. New York Central
£315
March
Even
the recently strong
on the
Norfolk & Western Ry. Ols Mathlesun
14's lower 6014
and
drugs lost a bit after several set new American Telephone lost a point of 14 point rise.
Kansas City Southern was a mainstay of the rails while Du Punt, of nearly 3 from its hith, was the soft spot in the indus- trials.
Of a total 1,113 issues traded, 487 were higher, 300
Dow-Jones closing
were:
30 Industrials
21 101
lower.
Penny 2.C. Co Pinn. Salt Co. Procter & Gambie Cu. Ptsburgh Plate Gizac Publieker Industries Pure Ou
Philip Morri
iudio Corporation Radio Corp. Pref.
Ulls Elevatora
day
Owen-illing. Glam
backed
highs.
Oxford Paper Co. Pace Gas & Rice. Pan American Airway Paramount Pictures Parke Davis Co
301
awny.
were
1431
to interest local buyers.
6534
pasy
49
702.
15
1 stocks
40
ori
Coman, future price index
Closing Prices
"[EXT"}
*
16
William Wordsworth.
PO B•I EA
COMPANIES
PASSENGER/FREIGHT- SERVICE
PENINSULAR & ORIENTAL S.N. CO.
Outwards "SOUDAN*
E
"SURAT
“CORFU"
"KARMALA”
Leaves London
One Hasekone
Rated 11/1 Salled 25/1
21st February
17th March
Sailed 1/2
الورد
March
anth Fahrunsy
5170 April
MAT.
Wh "CARTHAGE"
15th March
Leaves Hongkong
14th MarcŤ
*
"CHIUSAN"
*
"CORFIT
"SOUDAN" 5
24 March
"CARTHAGE"
1119 April
"CHUSAN"
JA1h
April
7th April 13th Apri
Dar London
Jar Anell
*
20th Apel
17th May
enth MET
Via B'pore, Penang, Colombo, Bombay, Aden & f't. Bald.
• "BURAT" emilia Colombo & Dembay, calls tenda &
Marseilles & extends to Hamburg, Rotterdam & Antwerp. + "CHIUSAN" also call Darseilles.
차
Sinclair Of
Suncuny Mobiloil
Solar Aircraft
71.33 South Puerto Rico Sugar
Steep Rock Toronto Exco.)
trend reflected the Ex-der
Landon action
a final of $1.30 which with their Your interim of 60 cents makes: Yaunati
of C. Light 39 speculative commission huuse total dividend for the year 30% liquidation while trade buyers $1.00. Last year's total dividend Electro
interzim of 60 $1.70-on
Telophons Shipment was offerings
reported cents and a final of $1.10. moderate but priced too high
Rape Cemont... STORES, ETC. Dairy 1850 18 00
14.80
600 @ 18.50
14.00 24.90
4.00
Nanyang
Hongkong Electrics announced INDUSTRIALS Market sentiment influenced a final of $1.30 which with their by news of army tests of a new interim of 60 cents makes
rubber. developed total of $1.90 for the year. Last 'n helic
year they paid an interim of the under the brand name "Coral"
of $1.10 and a final of 00 cents Textile ..... 4.250 by Firestone Tyre and Rubber, making a total of $2.
8.56 MISCELLANEOUS which offers the possibility of
10.50 the United States In- making
Hongkong Lands declared a Vibr
DIVESTMENTS dependent of overseas natural final of $1.20 which with the Yangtze rabber sources, Spot No. 1 Rs
interim of $1.20 makes a total was quoted at 25 cents
dividend of $2.40. Last year they paid $3.50 which was split SINGAPORE
up into an interim of $1.75 and a final of $1.75.
The market opened 1111- close 17% changed on yesterday's
but cased slightly during the
and on dull
featureless day'
I market.
In the morning there was covering of nearby stupment to Ching and some small buying of which were A lower
grades neglected.
Republic Size)
Reynolds Metal
averages
Shell Out Cu......
Scam, Roebuck & Co.
Saint Reg. Paper
30
4734
410.24
40
100.03
2
150.47
Southern Co. (The)
0.8.1
Southern National Cas
35
155.18
Southern Railway [Com.)
Standard Brands
Standard Oil of Cal.
Standard Oil of Ind
39
44
Standard On ot N.J.
Sterling Drug Co.
12
B 17
123
70
Studebaker-Packard Corp.
3034
Sunshine Mining
23.
1151
Swift & Co.
303
Texas Ca.
J
44
20-7014
Nu.
63-0715
17
Textron Inc,
123
4
Tide Water Assn. Uil
2015
Spot rubber untuled
702% Tine Inc.
Blanket crepe
77-77 5212-67
12%
41 Union Carbide...
Twentieth Century Fox Film
No.
DOSS
I pale crepe
LONDON
019-0351⁄2
352
linton Oll of Cal, an
Unton Pacifle Haitway
304
United AtroFM Ž
572
1532
The rubber market was dull and easier with spot quoted at 29122-13/16 pence per Ib.
Prices:
71
US. Line Co.
442.
Stokels-Van Canip.
Allied icela
Alfred Mills Lo
All Chanera
a Corp.
Am. Brake Shut American Airane American Cable & Ratia C American Gunand Co, Ainer. Forgn. Power Am. Gas & Electric
A Mach. & Fury. American Metal
American melting Am. Sugar Ret ... Anika Tel & Tel Amrican T. "E" Anaconda Copper Arnes Bleel Almour.......
Manag Chia-Hain.
baltimore & Ohio.
Benencari Fiance Bendix Aviation Corp.
Betust Cons.
Betimenem Steel
United Gas Corp.
1723, Foll "B"
1.5. Gypsum
0.5. Rubber
12 Smelting
494 West Va. Pulp & Paper
1
387
1.qug Aşplune
371
Borden (hop Cu
Burroughs Add tactune
30
Campbell Soup Cu
301
Canadian Pacific
244
Case 1 1) Ca.
19
Lighter
Ice House Street Here is an observer's account of the market.
After a fairly promising start, trading on the Stock Market slackened as the week No. 1 rubber per tu. Feb. 7714-7731
with the overall progrcssza Mar. 77-7714
approximately Na. 2 rubber per b. Feb. 1914-745
turnover No. 3
million less than the previous week.
No. 1 Raa pet. 22%-223%
Settioment house term:
ES
+
5.00
SINGAPORE STOCKS
Singapore, Feb. 14. Brokers today quoted the following stock prices:
Batu
Ltd.
Brills Rubber Co Bronco Petroleum
Syndiente
37/-
123,209 1,209,300 balca
NEW YORK Prices of cotton futures closed today as follows:
Spot, 35.com: Mar 33.15 May, 15:32:35 33: May. 35.25 3538; Oct. 3829: Dec.,
330.21-22
July, 24.21.
NEW ORLEANS
Prices of cotton futures closed today as follows:
Spot, 34.40; Mar. 300; Moy, 31.30; July, 2.30: Det, 33.27: Dec., 33.18; MAT. 330 May, 35.21: July, 34.08.
LIVERPOOL Cotton future closings, In pence per lb, were as follows:
Mar/Apr: 25.25: Old contract: May/June: 2538: July/Aug 28.40
Mat/Aur: *New contract: May/June: 24,40; July/Aug: 2005; Oct/Nov: 27.07; Deo/Jan: $7.12,
SAO PAULO
Oct/Nov: 20.00; Dec/Jan: 20-125;
Prices all unquoted today. In the United States
the
average price of one-inch cotton
at 14 designated spot markets
was 34.30 cenis.
Exchange
Opening
$1.65
Total sales were 14,555 bales. -United Press.
*
Consolidated
Tin Smelters
ore.
9/-
Star
Hongkong
WILS
Kumpas Ltd.
& Infongkong Tin Ltd,
FIRLET & Reave 145
pref
$4.05 Gammons (Malaya) Limited 11.25
Shanghai
New York Foreign
*
suin,
*
"OLINDA"
Banking Corp.
8450
New York. Feb. 13.
*
ત
$12714
Kuala Kampar Tin
28/90
Closing rates were: Canada
+
1.021
and
Lunar Rubber Eulates Ltd. $1,05
England oftal
2.80%
Petaling Tin Lid
Malayan Breweries... New Sarandah Rubber Co.
Lid.
13324
260-2.70 2.70%
*
Belgium
020011
*
$107
flaffics Hotel
$2.00
膝
Singapore Cold Storage Straits Trading
$0.01
United Enginners Ord.
Stepmanip
11.30
Wearne Bro
$3.00
China Mall Special,
earlier Profit-taking caused a slight recession some counters but scrip generally well absorbed the undertone appeared quite steady.
However,
trading became lighter towards the end of the prices somewhat mixed. The falling off
March
2714-23
223
Apri/June
227-23
July September
23-2316
10Warner Bros.
S. Steel..
Dat
October/December
21.23%
week and
10%
January/March
236-273
2012
2014
Westinghouse Electric
624
General markets, clf basis, ports:
Western Union Tel. Co.
16%
February
2224-2236
March
401%
Woolworth
Apri
Estate
exepe this March 245
thick March
busi- ness was probably due to the approach of the Chinese New Year and possibly
tbo
the steady New York.
Alden Inc Acy.
1 "6QUDAN" emits Colombo, Dombay, calls Havre and extends Bamburg, Rotterdam & Antwerp.
Cut. Tractor ...
Celine Corp.
C. 1. T. Financial Corp.
Cle Marunt. Bank
by Motors
Cinet Vedy A Colgate-Palmolive Co. Columbian Carbon Co. Commercial Credit Cemawonwealth Elec. Consolidated Edison Cuutinental Oil of Del. Crown Zellerbach Cuban Amer. Sugar Diamond Aika Diamond Match Co,
Alent
Doumici
Dow Dupont de Nemour Eastern Akune Eastman Kodak El Faro National Gas
Family Finance Corp. Fire Tyre & Rubber
Ford Motor .... Geral Electric General Foods Central Motors UL.
Glidden Co. Goodrich (0. Goodyear Tyne.:
Guit Ou
Iteyden Newport Corp. Homestake Mining Co. Ingersoll-fland
Inland Steel Co.
Interchemical Corp........ Int7 auricos · Stuchlie Bali Harvester...
Nickel... national Paper
In! Thi To
John Manville Co Kabgas C, Power & Light.
1100
54.
New York Sugar
Market
Now York, Feb. 13.
World No. 4 sugar futures closed two points lower to three points higher' with soles of 628 contracts.
further
TOW
AMSTERDAM
The rubber market was quiet. Prices closed in guilders per kilogram, df Feb. as follows:
No. 1 rubber No. rubber No. 3 rubber No. 1'crepe
215 nam
212 nom
2.00 nom.
· 242 nom. -United Press.
New Synthetic
Rubber
London, Feb, 14. The Financial Times
cam-
com
decline
Market.
on
In spite of an increased dividend
announcement
Hoogkong
by Co Tramway
London Metal
Prices
London, Feb. 19.
unofficial
Do-daya
Other unchanged United Press.
London Foreign
Exchange
London, Feb, 13. Closing rates were
New York Montreal
Amateriam
Bracia ... Copenhagen
Prices of metala closed today Frankfu shares in this company closed in sterling per long ton as fol-les: below the level prevailing at
the time
ment.
lowa: of the announce. China Lights also los! | Tin spot
and ground but Telephones Yaumails remained steady,
prices wero Elsewhere. somewhat irregular but gener« ally moved within Zarrow Umita.
3-month Copper spot
7304
Paris Stockholm Buyers Sellega | Vienna
1:30 T50
73015) Zvrteli
Others
100% 111
3-month
1813
102
Lead lat half Feb. MAY Zinc Tot half Feb.
7311
739
7314
54
May
0334
United Press.
In
The firm spots werd Docks, Hotels and Hutuphreys.
Rubbers wore quiet,
Market Diary
Here is a market diary of
Tho domestic No. 8 contract modity market editor, closed unchanged to 2 points menting on the new synthetic 281 higher with sales of 291 con-rubber known as "coral" deve-
Atracts.
States the United loped by
Туто
and week Easter tread of nearby world company Firestone
for the reason
Friday: deliveries reflected quidation Rubber, said
reception which pending
market the cautious 24% developments. Traders sought the announcement had in na- of rumourTS oftural rubber trado circles was 34€ comfrmation
substantial sales of Cubana in many cases, that there have. Monday:
other synthetic rubber - made to Russin at lower prices | been
Contract No. 4 (word): Mar: ar products which have had many
the qualities of May: 54: July: 354; Bept: 253;
but Oct: 3,56: Ma: 5.4 67: 341: rubber Spot(cepta per b. fch Cubali 228; not been cumplete substitutes.. 35 Open Luturest: 6007 CONSORCER
Nothing yet has been pub | Wodnesday: (domestão); Mar: Ished about the probable price. Contract No Bre: sagt: of the hew synthetic nor about 304 077. Navd 0.78 Spot-cents per lb. die NY-duty); Bkap: Opan i 80% wat: 3,142 contractu-United Press.
180
06
of natural which
huc Tuesday:
Exchange Rates
2.811-28111/16 2.70 3/10-2.70 5/16 10.63%-10.63% $30.00-13065 10.30-19.3314
11.7746-11.7712 17491-173014
117045-117 14.54-1452j.
72.68-72.92
120011-12.0034
changed-United Prem
New York Metal
Futures
New York, Feb, 13. Prices of metal futures closed fodny In cents per lb. as follows: Lead Mar.
1140
11.43b
Zine Mar. MAX 1838) Coppar Mar, 18.30
May
евсь
8.67b
21,000
21.00b
10.00 m Mar.
91.13
May
01.75
United Preza.
Business was done in the local unofficial exchang market this! morning at the following rates; the VS. dolar (per #1)
Biering notes (per 21) Austrailer notes, per £1}) Zedozwolon' rupiah (per 100) Light scale proft-Blam teal (per 1001) taking. T/O: $795,- Singapore (Btraits) 000.
Fractional price movements. T/O: $710,000.
No material change.
‚T/0:- $593,000,
Druil and fentureltd. 100T/O: $202,090.
the quantity that can be up- Thursday: Prices drift lower. ducedChina Hall Special,
T/O: $400,000.
OKT DE
100
SHIP
BEN LINE
#
*
BRITISH INDIA S.N. CO., LTD.
due 14th Feb. sails 16th Fob
"BANGOLA" due 14th Feb. salle 18th Web.
"FULTALA" due 9th Mar
sai 11th Mar.
from Japan
for Singapore nang
Hangoon. Chittagong
Calcutte
from Calcutta, Rangoon, Penang & Bigpor for Japan.
from Japan
for Singapore, Panang, Rangoon & Calcutta
`P. & O./B. 1, JOINT SERVICE
"IRAUNA"
dne 18th Feb. sails 10th Feb.
"UMARIA" dae 19th Feb.
palla List Feb, "URLANA" due 3rd Mar, salle 6th Mar.
das- ath Mar, walls th Mar.
"OBRA”
from Japan
for Singapore, Penang, Cochin, Bombay, Kata- nhi, Kuwait, Lasrah d Khor:ansår.
Irom Karachi, Bombay, Cochin & Singapore for Japan
from Karachi, Madras. Penang & Singapore for Japan
from Japan for Singapore, Madras. Bombay ishavnagar
EASTERN & AUSTRALIAN-S.S. CO., LTD. "ŃELLOBE" #
17th Feb. salle 1st Mar,
"NANKIN” due Mh Mar. AMO TEM MAT
from Japan
Ior Austraila
from Aurtzmila for Japan
All vessels have Uberty to chil st any ports on
er off the route à the route à sailinge pre subjeet
to change or amendment with or without notice.
For full particulars apply to:
MACKINNON, MACKENZIE & CO.
OF HONG KONG LID. Telephone Nos: 27721-4.