THE CHINA MÀIL, FRIDAY, MAY 16, 1958.
TRADE and COMMERCE SECTION
HK EXCHANGE TURNS QUIET Cotton Futures
Majority Of Prices Remain Unchanged
The
By A SPECIAL CORRESPONDENT Hongkong Stock Exchange turned quiet but steady this week with the majority of prices practically unchanged from last week.
Althoughi
Par higher. 1 unchanged and It is reported that
inmhe tower. Last week the tails mere is a lot of rely cash
lve unchanges was 10 higher, The Colony, investors have been neling cnatiously due to the pre-and nine lower. rent world pollitcal conditions.
Even though there
Du la the slack enditions. not the fover fell from its high
been much aclivity on the mar- of 94.33 million last week to ket, it has managed to keep #$1.75 this week. prices more or less steady with
the tally being for the week.
HONGKONG
STOCK EXCHANGE
Our Own Correspondent
Badness done on the
Hou
Hongkong Banks continued to
fat losing mother $250
work. Their at London regular i
shares are sti) 1 140.15.
Docks resized the 51,50 they inst last week with a schu pon- terdays at $42.
There was little movemen: ini other recent popular issues,
Nanyangs and Textiles warh
ve been rather quirt e te
may declare higher hats the year beratase of better earning! market mer believe.
Dried. Up
Here is a Tee House Street oberver's
LeCount Df
the
kong Stock Exchange this market;
morning
amounted to appro- quota- imately $365,000. Noun then and the mucning's Letions were:
Shares
BANKS
INSURANCES
7 Ально..
Wheelock..
trans-
vers Keeru
Kairs
775
2 773
פות
IK Bank Lombard Union Wheelock HK Wharf
steady
* The
Share Market At A Glance ✰
Un or
Apr. 17 78214b
Apr. 24
783
May 1 780
May B 77734
May 16
775
INwn
-$2.40
322
38%
324941
10b.
utandy
72
71440
730
7214xds
71
-$1.50
4.10b
6.Dub
6.10
0.10
0.10
alcady
100
110
1101
102
107b
slondy
JJH Becks
441
441
42
4014
42
+$1.59
Provident
11.30
11.60
11.00
11.50b
12.506
IK Hotels
17.69
18
18.00
18.90
16.99
steady
HK Jands
33
3214
3214
321⁄2
3214
slady
IIK Realty
1.4735b
1.500
1.80
1.55
1.55b
steady
HK Teams
23.10
24.10
21.00
24.70
24.70
aleady
1150
110n
112
110b
111b
+$1
0314
05m
20
DSL
15
-500
17.40
17.50
18
1714xd
17.50%
sloady
20.40
26.40
20.80
20.00
26.80
109
20.10
20.20
26.40
26.40
26.40
steady
G. 1. Cement
20.600
20.30
22
22.30b
28
~~200
Dairy Farmi
15.00xdb
10.40
10.30
16.40
10.30
-106
A. 8. Watson
11.20
11.20
10.80
10.70
10.80
--100
Yangisze
5.256
5.25b
5.45
1.40
5.356
-Bo
Ailled
3.805
4.375
4.400
4.40m
4.20
-200
HK & FE Inv
10.10
10.10
10.100
10.20
10.20
steady
Textile Corp Nanyang
4.55
4.55b
4.50b
4,525
4.55
B.45b
8.455
8.450
8.55b
8.50b
Star Ferry
Yaumalla
Ch Lights Electries
IIK Telephone
GENERAL RISE GENERATED ON WALL STREET
New York, May 15.6
Railroad shares generated late in today's stock market session to round out a general rise that started with strength in steels and oils.
more, OT
Msian Development Monsanto Chemical Co. Montgomery Ward Muloroin ne.
2144
35 35%
National Biscuit Co.
411
01
Several of the carriers rose a Mesabi Iron Corp. including Minnesota Mining point
Pacific, Southern Southern
1inois Central, and Hallway,
Baltimore Western Maryland, experi- & Ohio was up nearly a point. The Stock Market
Galus in the steels conged enced
Its quietest one of werks This year with the more than a point and the oll overall turnover only amount-nivance ran to better than two. ing to $1,756,000.
Auto issues, both high-priced
National Cast Reg, "A" National Dairy Prod. National Feed
National Steel Corp. New York Central Ot Elevators Owen-Illinois Glass Oxford Paper Co.
The recent buying power ond low-priced, scored frit- appears to have dried up for tonal gains with Chrysler, the the time being. and possibly strong feature. Electric Auto- | Pacino Gas & Elec.
operators аге virwing theile a Chrysler suppller, se world political sliuation with new high in Some caution.
ments,
the auto equ Parke Davis Co.
The main feature in such a The market ignored the new the Russlan satellite und con- centrated on bits of favourable business news.
bren quiel market has stradiness of the undertone.
Prices have generally been well maintained and, in fact,
virtually
change previous week's
LASURANCES
Limon XI..
71
SHIPPING
G.0%
£20
GGUKS, ET:**
L: WHH!
305
xhow
4073
2411.44
fram elosr.
LAND, ETC
10
HK Land
5 32.73
1503 10.00 112 50 100G 25
1:55 120003 ka 130 Rouva 1.35
1.53 1.223
1.40
1.30 500 41275
Aovident
k Hotel 18.70
Herity ... 1.325
RUBBER
Asists
UTILITIES
....
Har Forry,
Yownall
246 24.80 1300 724,70
110 113 94.50
C. L x 1720 17.50
Tram
Electric
ไ
500 $2.39
200 ut 17 43
500
4
20.10 2.50
200
INDUSTRIALS
**
ats, re.
کو ادا
WELS
Bus. it.
44TTONS
Talile
24.20 54
11.30
16.10 1.36
INVESTMENTS
Allied
10.0
#!
157
450
5.35
4.33
the
Cements were again disap- pointing after their cent en- and couraging performances they yielded night ground.
Elsewhere there was little of nole to report.
Rubbers were quiet.
Market Diary
Here is 170 the week: 5001733 Friday: 100 20 44
5001623
500 11529
300-11
Monday:
Tuesday:
a market
diary
Tack of interest. T/O: $264,000. Outlet conditions. T/O: 3452.000.
Incentive. Lacked TO: $320,000.
conditions. T/O: $220,000.
maintained. $480,000.
Wednesday: Qulet
Of a total 1,155 issues traded, 538 were higher, 350 tower.
New York Stock Exchange solume was 2,470,000 shares.
Exchange New York Stock bond volume was $4,270,000,
Stock Exchange American
volume 990,000 shares. Dow Jones closing
Penny, C. Co. Philip Marris...
+840.
London Market Paralysed By
World Situation
London, May 15.
Stock market was more or less paralysed today with fow willing to sell and still fower willing to buy. The situation in France and the launching of a giant Sputnik were to blame.
Turnover was small at 7,247 bargains,
rarely British Government appeared on the tape and closed $34 unchanged.
NEW YORK RUBBER MARKET
New York, May 15.
See-Sawed In New
York
New York, May 15.
Cotton futures today see-sawed over a range of $1
a bale, responding to small orders either way in generally quiet doalings, Rallying briskly
nfier
H
Rox Rubber Futures today
aporation reported luat entries clased 15 to 20 points post-opening setback, the mar for the week ended May
and re- lower with sales of 27 | feet levelled off ogate to elors totalled 11,814 bales
with minor not changes. The possessions at 18,300 bales, Tlus
bales close was lett 3,149,987
1957 loan
of
contracts. May: 24.03: July: 25.37: Seat: Keneral fist at the 25.40; Nov: 23.33; Jan: 23.55; Mar: off three to up one point. The crop cotton still unde:
narket opened off ve o apagainst 3.898,257 balts Impound- 25.30; May: 25.30.
one point. New Orleans closeded to the same time last year. The cerlillented stock declin- off three points,
The market drifted irregularly lower with the tone being set in ship- by the caster trend ment offerings. Smalt dealinga included intra-dealer exchanges for physical of July contracts rubber,
In the shipment market, Singapore type "C" blankets were done at 10 cents, cost and freight, May/June ship
Brokersi estimated
woto stil Around 3,000 tons unsold at that price late in the day.
ment.
Sellera praclised caution fol-ed 343 to 21,559 balts.
NEW YORK Jowing three days of gradually
Prices of cotton futures closed. suggling prices, and a cumul tive setback of around $3.50 atoutny as follows:
Spot:
33.24; Get: 30.40; Juty: bale from last week's Lensonal
30.14: Dee: 30.00; Mar: 37.20; May: - tgh levels,
37.22 July: 38.55: Oel: 30.18.
NEW ORLEANS Prices of cotton futures closed today as follows:
33.25: July: 30.34 Oct: Spot: 36.12: Dee: 38.88; Mar: 31.18 May: 37.21: July: 34.58; Oct: 36.16.
LIVERPOOL
Improved crop weather news, highlighting reports of mostly clear condition over the growing area, also blunted new buying interes!,
CONTROVERSY
were
Earlier, Singapore sellors Conversely, buyers offered blanketa at 10% cents, I hesitant in face of quietness in but shaded their views when the toxtlie trade and local buyers manifested con- tinued indifference.
Other sales included a mo- of RMA four derate tonnage
further reports
m11 Of
curtailment, especially in the production of cotton grey sheelings.
Other traders paused while ambora, May/June shipment they watched foreign political ort of Singapore at 184 cents, developments unfold, and pead- cost and freight. That price ing commencement of Senale also represented a reduction of Agriculture Committee hearings
cent from the sellers price quoted at the opening.
Locally, Spol No. Hss was quoted at 25 cont. nominal.
SINGAPORE The market opened lower UN advices disappointing Landos but steadied at lower levels on sharkcoverings, but there was soine enquiry for blankets und lower sheeta.
Price held steady with further shortcovering, but May LISS position still uppenes to be tight with sellers very reserved. No, I rubber per in. June 121-728
July 72-721 Leading industrials were No. 2 rublar per . June 10-70
with few of No. 3 quiet cuttolly them able to move more than No. 4
Spot rubber vnbulod Utree pence, Imperial Chemicals, Blanket crepe....
meeting. No. 1 pale grepe
its
contrived a rise of three pence, Unilever, almost alone, managed i
The rubber murket quietly quoted at Prices:
0.5*
51
BA-BA
•
315-636
70
74-7654 54-50
After
7015-7815
4
LONDON
Pan American Airways Faramount Pictures
1432
was
3019
77
a rise of 3/6.
slendy, with
spot
14
21% pence
per lb.
243%
Procter & Gamble Co
FLO
Pittsburgh Plate Class
71
33
Foreign bonds rarely appeured jon--the tape. The Germans
closed unchanged
July/Sept.
Det/Doc.
21%-25% 21-21
31-217
as did
Japanese
the the
Jan/Mar.
21
April/June
General markols, eit basis,
May
21-21
cent which rose. 10/-,
June
25-2112 21-21
Publieker Industries
Pure 04
Radio Corporalien Radla Corp. Pref. Repulile Strel
eynolds Metal Sears, Roebuck & Co
Shell Ol C... Szint Reg. Puper Sinclair Of .... Rocony Moblinil Solar Aircraft
averages
South Puerto Rico Sugar Southern Co. (The) .. Southern National Gas 457,08 Börrilera Hafiwa Com. 112.34 Standard tranda
77.34 Staniard Oil of Cal. 158.16 Standard Oft of Ind. D0.04 Standard Oil of N.J. 150.23 Sterling Drug Co Stokely-Van Camp Studebaker-Packard Cup. Sunshine Mining
Swift & Co.
Tide Water As, Oll
Twentieth Century Fax
Union Carbide
| Union Oll ut Ça), ...
291
3712
UNCHANGED
for except sented of the Tokyo $ per
Dollar stacks were marked lower but their
mostly
mium remained unchanged at 15% per cent.
Oils were the only cues ap- peating frequently on the laps
30 and they covered a fairly wide
Tango
were:
30 industrials ....
20 ralis ...
1 tes
Klocka
40 bands
of
Comm. future price ladex..
Closing Prices
Alden Inc. Acy.
$ 2011
Texo Co
Allied Chemicals
734
Textron inc
Alled Milla Ine.
Als ChaJineza
23
Time Inc.
Am Brake Shoe
31
American Airline
I
American Cable & farlo Corp.
American Cyanamid Co.
Am G & Electric
49
T/O:
Ain. Jame Prod.
Am. Mach. & F"dry
33
|ūs. Gypæn
American Sinektog
43
U S.
U.S. IDE
American Tel. & Tel
1702
U.S. Steel
American Tob. "D"
0512
Anaconda Copper
Westinghouse Electric
THEL
134
West Va 'Pulp & Paper
Woolworth
10
444
United Press.
27
Bendix Aviation Corp
Thursday: Prices generally
MANY HAPPY
RETURNS
thdays
LOMBARD BANKING
LINITLO BANKKAN
Atiye. nisserts
DEPOSIT MANN DOOK
Banking
To the many hundreds of Lombard customers whoso birthdays fall today, we have the pleasure of wishing many happy
tums. Ansi jo milpur customers, we are shlo to offer happy "returns" every day of the year, for a Deposit Account with usricida alcady Interest. 365 days a your Bir captat grows. Why don't you open a flank Deposit Account with Lombard Donking? Write
NK.
62%
to the General Manager for your copy of "Bank Deposit Account" booklet No. A0,7€
Sum of up to £250,000 accepted,
GRGUE AIBETS EXCRED £25,000,000 Juhyre 1) palé without deduction of United Kingdom income Janta
LOMBARD BANKING
135123 DANKERS
Hand Other LOMBARD HOUSE
CURZON STREET, PARK LANK, LINDON. WB
GRO 4111 (30)
i
Apciate Company LOMBARD BANKING (FAR KAST) LTD,
· Union fidg., Bayspors, -9,05 18 2016. – TOL MULTI
Ranchar med Ågesta zhrouchond the Parkda
American Metal
A. Sugar Ref.
Armes Steel
Armour
Atlus Curis. Alsung
Baldwin Lima-lain.
Baltimore & Ohio
Benefclub Finance
Benguet Cons
Bethlehem Stoel
Boeing Airplane ...
Burroughs Add
Campbell Strap
29
40x4
chine
3014
Canadian Pacific R.
Cave (J13) · Co.
Cat. Tractio Celancic CONT CIT. Financial Corp.
Mamba Bank
Chrysler Motors Colgate-Palmolive Co. Colombian Carbon Co. Commercial Credit Carnonwealth Elec. Consolidated duon Continents) Oil of Del Crown Zellerbach ... Cuban Amer, Bugar Diamond Matels Co. Douglas Aircraft Dow Chemileata Dupont de Nempura
Eastern Alrine
Eastman Kodak
El Paso National Gas
Family Finance Corp
Plesions Tyro & Rubber
Ford Motor .....
General Electriu
General Foods
General Motors
gen, Pub. UNI,
Gen, Tyre & itubber
Gelly Oll ...
Glidden Co
Cloodrich D. r.) ca
Goestyear Tyre Grumman Alterat
Hommelske Mining Co. Ingersoll-Rar
Inland Steel Co. Ken Int'l Busines Machines Int Harvester
International Nickel
International Paper
Int'l Tel Tol
Form-Manville Co.
Kenme C. Power' a" Light".
Kenneco! CoVDAE ...
Liggott Meyers Tou. Co.
Lockheed Aircraft.
Loews Incorp.
Lane Bur Cement Co. Lowenstein
Bonx.
McDonnel Aircraft
Stock Exgo.)
2014
Union Practo fallway
United Airerati
United Gan Corp.
U.S. Foll
Wainer Br.
Western Union Tel. En
London Metal
Prices
and
from high to low back again. Royal Dutch closed unchanged but Shell
and
Burmah con-
Brlilah Petroleum trived to gain about 17-, Cana- dian Eagle gained Od.-United Pross.
New York Sugar
Market
Now York, May 15. Jay World No. 4 sugar futures closed today unchanged
Landon, May 15.
No. 1 1 spot. .......
Settlement nume term:
June
July
Estate orens
thin June
thick June
United Press.
West German
Record Export Surplus
Wiesbaden, May 15. West Germany had a record export surplus of 572 million marks in April,
Faderat The
Statistics Office announced today. Exports totalled about 2,000 to one point lawor with million marks or 0.6 per cent more than In April last year, sales of 118 contracts.
Imports were about 2,414'mli- Domostie No. 8 suger closed llon marks, four per cent less unchanged to one paint lower than in. April 1857.
March this with soles of 39 contracts.
Compared with Small
house year imports dropped in April commission eclling orders predominated in by seven per cent and exports
the world contract,
Prices of metals closed today
10% OWB:
46
Tin Sput
3-month
1
40%
Copper sput
of
by three per cent. thure
from January Total imports In the spot market, Weno
unconfirmed reports that to April 1958 were 10,100 mil
100 million in sterling per long ton us foleraci purchased between 5,000 ton marks, about
1957 the same than in refined from Icss Buyers Bollers 6,000 tons
period: Mexico. 731. 730
11,200 were about Exports Contract No. (world): July, 343;
increase of 1772 1774% Sept. 345: Oct., 348: Mat 34 million marks on
411 Spot-icenta :
per cent.China nearly four per ib. rob
Open interest: 6,472 contracts. Mall Special. Contract No. 4 (damexlies: July, 1224 9.20; Bepi., 5.70; Nav. 6.60; 3
3123-month
28 Lead fat half
5412 May
Aug.
40 Zine is halt
*
May Aug.
734
734
1794 1792 May, 54; 1.40.
01%
3.63 Spufrents per ib. of NY dtex-duty. 5.00.
0114
Op intarest: 2,230 controls. United Press. United Prem.
New York Metal Futures
New York, May 15. Prices of metal futures closed today in conis per b. as follows:
New York Foreign Exchange
Singapore Stocks
Singapore, May 16. Brokers today quoted the following stock prices:
New York, May 18.
Zantu Liuskog Bubber Co. Closing rates were 10年以
Brush horned Petroleum 1.03 7/10
Byndlesle 10.356 Caneda
2.81 11/10 Consolidated Tin bagland official
Ato 8,00 Argenting
United Prem 20.30
Lend
July
inc
MAY
July
Copper May
July
Tin
May
July
Ubio Fross.
Exchange Rates
Bustem
was done in the local exchange marked
moming at the following roles: V., dollar (per $13.
inja | Berling rigter (per 21)
- Australian Notes (per d3) .........
1816 Indonesian rupiah (p
(Am
Slam ueal (per 100)
2013 Singapore (Sirala)
100)
London Foreign Exchange
London, May 15.
Closing rates were:
New York ..
this
Montreal
Ametercero
0.70 Frankfurt
30.10 Milan
TRA9 Park
20.50 Zurich
Opening 31.67% *B/** Saltar
*1/- Framer & Nerve Lid. Ord, 13.50 Fraser & Neave 7 cums.
$4.00 Gammons (Malays) 1,United $2.00
Bhanghal Hongkon
Banking Corp.
Hoogkoo Tm Lid
Kumper Ltd. augu
Huai Kampar Tin
$429
$1.50
Lunes Number plates inta $100
MaiaFil
.... $3.40+ New Berandah Rubber Co.
Lid.
131 9/16-351 11/10 | Petaling 'Tin Lid.
* 1939+10,00
$3,4734
Relee oll
$237445
Algapore Cold" "blynge ca Btratie Trading
$0.18%
Unlied
Evgineers Ord s
+
£105
todl
1131-41.719 2774051-375053
11801-1181
Wearda Uros → cumdiv. Mail Special.
Cotton future closings, in price per lb. were us follows:
American Contract: May/June: 24.75: July/Aug: 25,23; Oct/Nov; Dec/Jan: 20.25; Mar/Apri 25.05; 20.03: May/June: 20.28.
Mined Contract: May/June: 25.68; July/Aug: 20.10: Oct/Nov: 0.00 Dec/Jan 20.00: Mar/Apr: 27.20: sing/June: 27.40.
Paulo
The inarkot in Sav
was closed for holiday.
In the United Stales, the
on May 20 on long-range farm average price of one-inch ent- leglention. Callan reportedly ten ni 14 designated spot mur- the first commodity kels was 34.06 cents. would be
as the deal with1
Committee Tolal sales at these marketa
were 17,800
-- United balet, begins the series of hearings,
The Commodity C.edit Cor Press,
**
#
*
P.O│B•I│E&A
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N, CO.
Outwarda
"SALMARA” **CORFU" "SINGAPORE“ "CARTHAGE"
"BOUDAN" "KUYDER" "CANTON"
Wooowards "CORFU" "BUNDA" $
"CARTHAGE”
"SINGAPORE"
"CANTON"
Leaves London Salad 15/4 ~ Babe 30/ Sailey 0/5
20th. May
To: June toth June 21th Jund
Leaves Hongkong
6th June
10th June
41 July
18th July
at August
Hongkong
+--June
2nd June 17th June
30th June 10th July
fah August
28th July
Due London
Ath July
25th July
St Augu
74th August
I
1st September
Via S'pore, Penang, Colombo, Nombay, Aden P2, did. E “RUNDA" and "BINGAPORE" call S'pore, P. B'wet, Penang. Aden, r. Sudan, P. Bald, Havre, London, Hamburg, Rotterdam & Antwerp.
"INGAPORE" omlis P. Sudan.
BRITISH INDIA S.N. CO., LTD.
"SANGOLA" in Port
H/W No. 2
all 11h May
"FULTALA” dve H01 May
sale 22nd May
from Japan for Singapore, Penang, Itangoon & Calcutta
from Calcutta,
gung,
Hingapore
for "Japan
Itangoon
P. & 0./0, I. JOINT SERVICE
"PACHUMBA"du® 23rd May
"IDMAILA**
mail 2415 May
Que 29th May satis auth May
Chitta-
&
from Bombay. Cochin, A Singapore tur Japan
Iran Japan
For Singapore, Karachi. Kuwait, Boarsh, Khor-
& Dubai
EASTERN & AUSTRALIAN. S.S. CO., LTD.
"NELLORE" is 10th May
* Jetzt day. "ABAFURA" due 2nd May
salis 24th May
from Australia for Japan
tram Japans
for Labuan, Sandakan, Brisbane, Sydney. Naw castle. Mc.bourne & Adelaide
All vessels have Uborty to call as any ports on os'off the renie ✯ the route & saliings are subject ts chases or amendment with or without nolles'
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