THE CHINA MAIL, FRIDAY, FEBRUARY 21, 1958.
TRADE and COMMERCE SECTION
UTILITIES FAIRLY ACTIVE
Market Opens After Holidays
On Steady Note
By A SPECIAL CORRESPONDENT
HK Bank Lombard Union
Wheelock
JIK Wharf
HK Docks
Provident HK Hotels
18.00
**+
| NEW YORK | LONDON STOCK|New York Sugar
RUBBER MARKET
New York, Feb, 20. The market was very quiet |
throughout the day with little interest in lower). grades.
Turnover was amali as most; operatorn were disclined 10 trode. Future closing were: No. 1 rubber per lb. Mar. 1724-12
Apr 274-772 No. 2 subber per lb. Mar. 745-2832
705-71
FI
Spol rubber unbaled
c1400 11
77-75:
* The Share
Market At A Glance ★
Jan 28
840
Jan 30 832
Feb G
Feb 13
835
835
Feb 20 835
Up or Down
steady
330
32b
33
3B
2314
-250
74%
730
70
Gob
71
+++$2
0.456
6.70
4.25xd
* 0.25
0.80
121.
120n
120
118
119m
+31
51.
40
30
514
SID
steady
12.20
12
12.40
12.20b
12.806 +100
10.30
16.00
16.00
16.00
steady
No. 3
UK Lands
33
3414
34
34m
steady
No. 4
11K Realty
1.350
1,35
1,35
1.350
*
1.350
HK Trams
24.80
23.80
24.30
24.30
24.60
+300
stendy
Star Ferry
124
124m
1240
124m
123
$1.50
Yaumatis
08
040
DT
9714
0714b
steady
Ch Lights
10.00
10.00
17.40
17.20
17.10
--10%
Electries
20.90
26.90
28.00
28.20
28
-200
HK Telephone
20.20
20.50
27.20
27.30
27.40
+-100
G.I. Cement
24.80
20
20.30
26.10
25.00
500
Dalry Farm
10.50
10.10
10.00
10%
14.30
steady
A.S. Watson
12.10b
12.20b
12.30
12.10
12b
-100
Yangtze
5.55
5,50
5.45h
5,500
5.FON
steady
Mary
2244-23
Allied
3.6750
3.67%p
3.70
3.675-
3.00b
-740
April/June
23-2314
►
HK & FE Inv
10
10n
10
100
July/Aug
23-232
1,80h
-200
Ort./Dec.
21-2335
Textile Corp
4.550 8.40
4.6700
8.40
4.508 8.60
4.501
4.55
Jan./Mar.
8.50b
8.55b
+50
Guneral markets, cif brain, ports:
Frb.
...22% buyers
#1234-2231 2213-29
The Hongkong Stock Exchange openod after the holidays on a steady note with utilities tending to harden.
There were fractional price changes over the holidays
and the fally was eight higher, eight and cight lower, higher, with Ave
unchanged
compared nine unchanged and ten lower
Inst week.
hair
With only two and 22 days of business, turnover was down to $1.83 million compared with $2.00 million kust week.
Reflection
Udlilies were fairly uclive over the week, Trams tacking on 30 cents with sales yester day at $24.60. This was a re- lection of Trans' increased divitiend this year of 20 cents.
On the other hand Telephonea went down to $27.10 on the on- dividend nouncement of their
and bonus which was similar to last year's. This share, however, recovered quickly to close yes- terday at $27.40-a gain of ten cents un the week.
Hongkong Telephones 10- clared dividend of $1.50 plus n cash bonus of 23 cents. Last $1.50 was year the dividend plum cash bonus of 25 cents for old shares, and a dividend of 75 cents and a bonus of 12 cents for new shares. Appropria- tion for this year's lykkend and bonus will be $5,250,000 compared with $4.207,500 Jad year, nearly $1 million more.
which annanred
#
Cements,
dividend
Rubbers were quiet.
Turnovers were about aver- age with the total amounting to approximately $1,835,000.
Market Diary
Here is a market diary of the week Friday:
Ruled steady, T/O:
$719,000.
Monday:
Little interest, T/O:
$604,000.
Thursday:
Light scale trading. T/O: $412,000,
HONGKONG
STOCK EXCHANGE
Our Own Correspondent
Business done on the Hong- kong Stock Exchange this morning amounted to ap- proximately $250,000. Noon
quotations and the morning s Transactions were:
|
Stares Buyers Sellers இங்கா BANKS
HK Bank 800
635
INSURANCES
71
10
1,276
0.20
DOCKS, ETC.
K. Whart
120
Dock .....$1.20
100
02
the
Provident,
14.30 1250
LAND, ETC.
of $3 rompared with 4 last. year, hed a sale yesterday at $25.60, which was loss of 50 cents on the week.
Restricted
Here is an
lee Howe Strvet observer's account of
market:
In a week restricted to only two and a half days trading,
Union. SHIPPING Waterbomt Asia Nav.,
Wheelock
HR Bot. 10.00 10.00
Land 39.70 3428
10.40
Ittle interest was displayed Humphreys 1.35
Nanyang
The
+50
New York NEW YORK Stock Market
New York, Feb. 20.
Selling hit the chemical shares in the late dealings on the stock exchange today. Their weakness helped pulled down the whole market after a feeble rally attempt in the last hour.
Du Pont broke more than 2 points.
COTTON
MARKET
New York, Fab. 20.
Prospects for a big boost in
Blanket erepo
No 1 pale crepe ....
LONDON
40-67 12-04
The rubber market was stendy after easier with spot quoted al 2234 pence per lb. Prices:
No. 1 Toss spot ........... 2246-22%
Settlemen! house term:
Mar.
April
Estate crepe thin Mar. 241⁄2
thick Mar. D NEW YORK
Rex rubber futures today closed 20 to 30 points with sales of 80 contracts.
lower
Mar: 20.05; May; 20 40; July: 26.05; Sept: 28.70; Nov: 25.75: Jan; 20.90; Mar: 20.00.
Standard contract closed 20
MARKET
Market
London, Feb. 20.
New York, Feb. 20. and Gilt-edged securities
World No. 4 sugar futures dollar stocks scored sharp closed today
10 unchanged gains to feature an other-L _points higher with sales
ket.
The domestic No. 6 sugar futures cloned unchanged with Dollar stocks were in heavy rule of 18 contracts. flemand advancing as much of 14/
wise mixed and quiet mar- į of 215 contracts.
World contrnci tradors mark- · Government bonds rose fromed time awaiting some new in- £% to £w on strong invest-¦ Nutrices, with a steady under- lone prevalling meanwhile in men spport,
Industriala were fraglionally line with the raw situation. mixed. Several specialties advanced
favourable con)-
Contract No. 4 (world): Mar: 160; hay: 3.00: July: 300; 5: 30
Mine: and Del: 3.50:
3.30; M 3.30; July: 34; Spot (centa per ib. fob Cuba: 330.
pany reports. Shipping some department store "issues, however, were lower.
Tobuces shaus were steady. Movement. among
the Oli was erratic. Royal Dutch and Ultramur were strong.
Copper's were fractionally higher but gold shares cased.
Foreign bonds were irregalar. -United Press,
London Metal Prices
Landon, Feb. 20, Prices of metals closed today in sterling per long ton as fol- lows:
Tin spot
Open therest: 8,300› contracts, Contract No. 0 (doustic) Mar: 560; Nhy: Mía: Julyg, 172; Sept: 5.70 Nov: 3.16: Spot (cents per th cit_NY ex-duty}| 0.70.
interest: 1,007
Орен
Unlied Press,
extracts.--
New York Metal Futures
New York, Feb. 20. Prices of metal futures closed today in emis per ib, as follows:
K3.250
92.8715b
11.400
March
May
Buyers Bellers
Lead
733 734
March
3-month
7:3 737
May
Copper spot
183
163 Zinc
3-month
1043% 1042 March
Lead 2nd half Feb.
May
TB 75
Moy 7514 Cooper
0312 6312 March
May
United Press.
to 30 points lower with no sales Zine 2nd half Feb. reported.
Mor: 20.05: May: 20.40: July: 26.63; Sept: 2175: Nov: 200; Jan. 2090; Star: 20.03; May: 20.90.
The lower London cables and
toll bank subsidy appro- priations, and lessening chances for an increase In acreage allotments this the continued slow domestic consumer demand put prices on year, combined to trigger a sharp downgrade, although a smart rally in cotton part of the loss was
regained futures today after alater because of increasing con- Tower start.
ecrn over the political situation Spot No. 1 Ras After scoring a net gain of in Indonesia,
20 cents $1 a bala the market closed net was
per unchanged to up 16
points, pound. Opening prices were off 4 to 10 points New Orleans closed 40 up to 17 points.
Union Car- bide set a new low and touched off some in- stitutional selling. Allied Chemical dropped more than a point. U.S. Borax touched a new low.
Steels ran into difficulty also, Conerat Foods
sellers with National
Lurget. General Motors
Gen. Pub. u. moro Whirlpool fost
than 2
Getty Ou points on a dividend reduction. Glidden Co.
Goodrich (B.F.) Cu. Several other specials lost 2
Goodyear TyrD Gif ou
points
Or better. Genera} Electric lost belter than a polat Heyden Newport Corp.
in the blue chips. Olls were hitomesake ning Co,
Was
Ingersoll-Rand motors inland Steel Co.
Interchemical Corp.
international Paper
Intel Tel & To
and Lute the day
in cased. Paper shores cased.
In Bunker Sachines It
of conflicting 't Harvester
In'tei Nickel news developments with one outstandingly favourable item 600 @ 10.48 in the cut in reserve
require- ments that could pump 3 billlon 125 credits into the economy.
This the anticipated by had been market and passibily dis= | Loews Incorp.
Kuulty In the Stock Market and con-
RUBBER sequently price movements Amaig XD 125 1275 3000 either way were negligible. UTILITIES
Trant 34.50 24.70 2000 However, the undertone
generally
nirady.
appeared
24,00
quite
C. Light
(0) Electric
fairly Telephone
30 27.20 500 20 27.90
17
103
100
200 U 27.30 27.30 1000 2 27.30
Ulities found most SUA
port with Telephones. China
Trams дай
Lights
notive.
penis on
Telephones
the
of a similar dividend bonus as last year,
counted
Aircrafts except Chance Vought declined by fractions
to more than a point, Utilities
John-Megville Co. Katsas C. Power & Light Kennecott Copper Liggott Meyer Tob. Co. Lockheed Aircraft
Aircraft
54% 3419
Tha
qubled at
AMSTERDAM
The rubber market was quiet. Cuilders per
244
Appropriations Prices closed In
House The
azit Commitice recommended an kilogram, elf March as follows:
10231
1231
骗
30
30%
74
674
101%
671.
Increase of $175,000,000 in the
$500,000,000 orginally allowed
for the soil bank funds.
No. 1 rubber
No. 2 rubber
The
No. 3 rubber
No. 1 crepe
new funds would increase the
sign-ups which already amount
to 3,381,000 acres,
Realising shaved part of the
been
rise later as Traders recalled that the recommendations have 37% not
approved by the Senate or the Administration,
The rally extended to old 401 crop months despite presence
liquidation of March first notice day on Monday, However, traders expected few, it any tenders. Open contracts In March today totalled 86,000 bales, The certificated stock totalled 21,745 bales.
Lone Biar Cement Co. Lowenstein & Soum. McDonnel
KON
(Am.
243%
69
Stock Exo.)
Mesabi Iron Corp.
Minnesota Mining
1140 m 21.30 performed better than olher on Development
25.00
...
200 25.20
dropped 20 INDUSTRIALS amiouncement Cement
and namely, $1.50 and 23 cents, but quickly recovered after the holidays whra
showed
1
number
on
103 27.00 major groups. Tobaccos came
back
after their sharp break 500 or 23.10 yesterday
another blast National Chal Reg. "A" 2002 against the companies, this
from a House of Representatives commitice.
400+
Rope STORES, ETC. Dary
14.60
10.50 10.00
1220
600
100
of Lastics Watson
firmer A slightly
tendency, These were Elcene. Craw
fries, Trama, China
10.30 Lights, COTTONS
Textiles 4.50 4.00
10.60
Humphreys and Wheelocks,
Other firm spots were in Vibro Docks and Lane Crawfords.
Elsewhere there was little I.K. & F.E.
of note to report,
MISCELLANEOUS
INVESTMENTS
Invest. Sungala
20
150
3
12.30 12.20
500 * 12.20
YOUR NAME
should be HERE.
LOMBARD BANKING LLIMITED BANKERS
(DMBAND HOUSE, CURLON STRE
ARK LANE
AWiseInvestor
DEPOSIT PASS BOOK
Bank Deposit Accounts with Lombard Banking cam interest at 8% without dcduction of United Kingdom
income tax.
Send for your copy of “Bank Depoalt Account" bookki No. AO.74 to General Manager
8%
LOMBARD BANKING
LIMITED DANKERS
LOMBARD HOUS
CURZON STREET, PARK LANE, LONDONG WEA
GRO 4111 (30 Lisa)
Branches and Agénia throughout sha World
ond National Dairy Prod.
Of a tolal 1,085 issues traded, 517 declined, 310 advanced.
New York Stock Exchange volume was 2,000,000 shures.
New York Stock Exchange
bond volume was $4,840,000.
National Lead
0%
Monsanto Chemical Co. Montgomery Ward Motorola Ing.
3316
20
403%
237
40%
143
Norfolk & Wester By.
60
2016
40%
DI
14
National Steal Corp. New York Central
Olin Mathil
Oils Elevators
Ower-linols Glass Pacific ans & Elac. Pan American Airways Paramount Pictures Parke Davis Co.
American Stock Exchange Panny J. C. Co.
volume was 540,000 shares.
Dew-Jones closing
3p industrial
Werc
20 rails
15 utiles
45 stocks
40
borcla Comm, future price index
Penn. Balt Co
averages Philip Morrin
Closing Prices
Alden Ine. Acy. Allied Chemicals Allied Mills 102. Allis Chalmers. Ant Brake Shoe American Airline American Cable
Corp. American Cynnamid Co. Amer. Forgn. Power Am. Gas & Eectric Am. Mach. Fdry. American Motol... American Betting Am. Sugar Ilef.... American Tel & Tel American Tob. "I" Anaconda Copper Armeo Stel Armour Atle Cone. Mining Baldwin-Lima-Ham.
Hatimore & Ohio Beneficial rmance Berullx Aviatica Corp. Benguet Cons
Bethlehem Steal
noeln pape Harden (The) Co.
Procter & Gamble Co. 439.74 Pittsburgh Pinte Glam
Publicker Industries 105.60 Pure Dll.......
72,00
Radio Corporation 150,45
30.00 Radio Corp. Pref.
tepublo Stoel 167.40 Reynolds Metal
Scare, Roebuck & Co. Shell Oil Co..
Saint Reg. Faper
Sinclair l
Socony Moulloil
Solar Aircraft
$ 1731
7515
30
Southem Co. (The)
Southern National Can
25 Southern Railway (Com.)
33
Radio
Burroughs Add Madhinn Campbell noun ca.
Canadian Pacifte I.
Chan J. I. Ca
Cat. Tractor
Celanese Corp.
C. IT Finanial · Corp.
Chase Manhat. Bank Chrysler Motors Cluett Peabody Colgate-Palmolive Co Colombian Carbon Ca Commercial Credit .... Consolidated Edison_.k Continental qui of Del. Crown Kellerbach Cuban APT. Bugar Diamond Alkal Diamond Match Co. Douglas Aircraft Dow Chemic
Dupont de Nemoire severe
Eastern Airline
Eastman Kodak Eas
EL PO Noon) Gina
Family Finance Corp,
Firestone Tyrs 4 Häbber
Standard Brands
1744 Standard Oil of Cal.
Oll of Ind
Hand of NJ.
Sleep Rock (Toronio Exgo 139 sterilor Drug Co, 41ți | Stokely-Van Camp.
352xd
10
40
Studebaker-Packard Corp. Sumine_Mining
Swift & Co.
20% Texas Co.
1721) { Textron Inc.
Talk] Tide Water Anm. OlL .....
Time 100. g********* Twentieth Century Fox Plim
Union Oil of Cal.
44
13 Union Carbide ...
10
Untos Pacific Railway
241
Untied Alterati
20
United Gas Corp.
24.8. Tal! "3"
U.B, dynnum
18. Le Co. SLUS. Hubber cal L.B. Emelting
7.8. steel...
37% Westinghouse Electric
Western Unit Tel. Co,
reth West Va. Pulp & Paper
Woodwooth
before
Liverpool futures today closed 5 to 9 English points lower, and 340 to 438 American points under New York futures.
Raw cotton exports today, us reported by the New York Cot- ton Exchange, tolalled 18,408 bales Clearances for the ca- son nount to 3,287,300 bates v3) 354 4,180,011 bales last year.
וער
53
.... 2.10 paid
2.14 nom. 2,07 nom. 2.35 nom. United Press.
SINGAPORE
STOCKS
Singapore, Feb. 21. Brokers today quoted the fol- lowing stock prices;
Opening Batu Lintang Hubbor Co.
**********..* $1.47% Borneo f'etroleum
Syndicate
British
consolidated Tin Emeliers
Banking Corp. tongkeng Tin Lid: Kunspas Ltd.....
Ord.
375
209
Tresor & Neave Ltd Or Freser Neavo 75% cuiti.
pref Gammons (Malaya) Ltd. Hongkong
$2.54
$4.05
$2.25
Shanghal
$445*
$1.6736
£1.05
$3.45
New Serandall Rubber
$1.70
Rames Hotel
$2.00
Singapore Cold Storage Straits Trading
£0.01
11.35
10.23
Kuath Kainpar Tin
The Commodity Credit Car Lunar Rubber Estates Ltd. peration overnight reported 704]
481% bales were sold for unrestricted. use, bringing the total for the programme to 1,790,439 balus.
Volume Open interer
0,005 80,000 32,900 344.200
11,400 214.300
17,500 171,300
75%
301
Kanth
3445
March
73
May
2216
July
3012 Ось
Deo.
FIL
Маг.
13,300
Jay
4TA
July
Total
3216
17,500 04,400
30.200
7,000
98,200
114,000
20,000
123.600 1,102,400 bales
NEW YORK
Prices of cution futures closed today as follows:
Spot: 35.250; Mar: 35.12-13; May: 39.30: July: 35.41: Out: 55.43; Dre: 35.02; Mar: 35.68; May: 33.00: July: 34.70
Malayan Breweries
L14.
Pelaling Tin Ltd.
Straits Steamship
United Engineers Ord. Wearne Bron.
* emmdiv; Special.
odeb.
$1.23 2 $3.05 China Mali
London Foreign
Exchange
London, Feb. 20.
· Closing rates were: ...
NEW ORLEANS
New York Prices of cotton futures closed | Montreal today as follows;
Spot: 34.55; Mur: 38.06; May: 33.0 July: 3041; Get $5.00; Dee: 35.3; Mar: 35.70; May: 33.01; July: 54.60.
LIVERPOOL
Colton future closings, in prnce per lb. were as follows: 014 contract: Mar/Apr., 23.11: May/June, 2320: July/Aug 25.47: Oct/Nov. 2014; Dec/Jan. 26.25.
Now contract: Mari/Apos 20.06: May/June, 25.30: July/AuR. 2857; Oct/Nov, 21.12; Dec/Jan., 27.12.
SAO PAULO
Pripes were unavailable to- 161 day.
14
-United PreER,
In the United States, the average prico of one-inch cotton nt 14 designatod spot mariecis was 8457 cents.
Total sales were 10,001 bales.
Agreed Merchant Rates United Press,
Canadian : Maximum Selling
17; Minimum Buying 17% T/T,
17 5/10 O/D..
NAMESAKES
Auwerg-1 Fables, 2. Grock,
3 Animals. 4 Moral
perience. Астор,
6 Ex-
Amatordam
Brunel Frankfurt
Bellon Pack
Stockhol
Zurich Others unchanged.
2.0144-281 11/10 2.73 15/10-3.70 1/18 unquoted
13937-135 #215
11770-1177'S
1748-174012
100-1200
14.634-14.0376 12.231-12 23
Note; New York exchange rates were unavailable today.--- United Pross
Exchange Rates
this
donu" in the local Business was, Unofficial exclang กาarket morning at the following intos: 1.8. dolar (per 11)**** Sterling notes, (per #1), Australian notes (por £1) doar rupin (per 100) Slam teal (per 100) Singapore (Etralia)
SHIP
BENDLINE
*
May
431 031 -United Press.
P.O B-I
COMPANIES
PASSENGER/FREIGHT SERVICE
Outwards
"SOUDAN"
Das Hongkong
PENINSULAR & ORIENTAL SN. CO.
"SUBAT"
"CORFU” “HARMALA” *CARTHAGE"
Larves Laksdo
Sailed 31/1
Salled 25/1
Salled 1/2
Laits FebruaT)
6th Mar. 18th March
Loaves Donghaus 14th March zond Barch
21st February 17th March
10th March
13th Apr
Dos Lamdam
14th Apri Miths April
*
*
"CHUSAN”
Homewards .“CORIU”
*
“SOUDAN"
"CARTHAGE"
"CHUSAN"†
11th April
11th April
nih April
TIN ADzi
17th M
ti May
Via S'pore, Penang, Colombo, Bozibay, Agen à Yt, Bald. * "BURAT" omits Colombo & Bombay, calla Genes Marseilles & extends to Ùamburg, Rotterdam a Antwerp.
• "CLUBAN" alas calls Marmollten.
1 "SOUDAN" omlis Copombe, Bombay, call Envis and extends Hamburg, Rotterdam à Antwerp.
BRITISH INDIA S.N. CO., LTD.
"BANGOLA" due
7th Mar
B12 Mar.
sells 823
"FULTALA" duo 9th Mar. Kaila 151 Mar.
from Japan for Singapor, Penang, Fangoon & Chitingong teora JapaS
for Bingapors, Panang, Rangoon & Calcuti
P. & 0./B. I, JOINT SERVICE
"URLANA" das
"OBRA"
"ITAURA"
3rd Mar.
sky 5th Star.
due * Mer, CALLA dth Mar.
Au Mb Mar. salis 13th Atar.
0th Mar
"OZARDA"
due
sails 110; Mnr.
from Karachi, Madras, Penang & Siakapore tor Japan
from Japan
for Singapore, Madras, Bombay & Bhavnagar
Troca Japan
for Singapore, Pasang, Bombay, Karachi Daerah, Khorramshahr & Kirwalt
Irv Bombay, Karachi, Cochin, Allergey, Tutis corin & BingHDoen, for Japan
EASTERN & AUSTRALIAN S.S. CO., LTD.
"NELLORE” das 27th Feb,
zaila at Mar.
"NANKIN"
due
from Japan :
for Labuan, Sandakan, Brisbane, Bydney Adelaide & Melbourne
from Australia for Jabal
All vessels have liberty to naža nè any..., poçta: an or off the roste às the route à sellingu aro subject to change or amendment with er vidusi melon,
:
For fati particulurs apply to. MACKINNON, MACKENZIE & CO. OF HONG KONG ETO. Telephone Nos 27721-4
Li45
8.201
100%