THE CHINA MAIL,
FRIDAY, JUNE 6, 1958.
Brisk Trading On HK Market
HONGKONG
STOCK EXCHANGE
Our Own Correspondent
Majority Of
Shares
Gain
HIGHEST TURNOVER IN 2 YEARS
By A SPECIAL CORRESPONDENT
Union Wheelock
HK Wharf HI Docks Provident
steady +$1.50
ACTIVE
London, June 5. Markets had a sätisfäetöry
LONDON
MARKET
* The Share Market AC A Glance ★
Up or
May 8
May 15
HK Bank Lombard
7774
776
May 22 7623%
May 20
*ane 5
Down
7021ým
+ $2.50
301
7244xda
30h
28xd
20b
71
70
70n
0.10
6.10
6.10
6.10
6,15
50
102
102b
102b
101b
105
+34
40%
42
401b
41b
414
+250
11.50b
11.000
11.40
11.30
12
+BDc
18.00
18.00
18.70
10.40
20.70
+$2.30
UK Lands
3214
3244
3214
3234
33
+25¢
HK Realty
1.50
1.43b
1.52b
1,55b
1.05
+-100
HK Trams
24.30
24.70
24.70
25.10
25.70
+00
Star Ferry
110b
111b
lib
1130
113
steady
Yaumatis
በሩ
95
946
83
+$1
Ch 1Jrbt
174xd
17.508
17:30
17.50
17.70
+200
Electrics
26.00
20.80
20.00
27,10
27.80
+200
HK Telephone
20.40
26,40
20.10
26.30
27.10
+80c
G. 1. Cement
22.300
22.
21.70
22.10
23
+000
Dalry Form
16.40
10,30
10.10
16.80
17.20
+000
10.10
10.80
10.90rts
10,90
10.00
steady
5.40
5.35b
5.40n
5.40n
5.556
+18c
4.405
4.20
4.30%
4.40
.4.60b
+200
IK & FE Inv Textile Corp Nanyang
10.20
10.200
10,20n
10.201
10.30
steady
4.625
4.55
4.55%
4.575
4.55b
2140
8.33b
8.50b
8.45
8.50
8.45m
-Ge
Both
Business done on the Hongkong Persistent buying on the Hongkong Stock
Stock Exchange this morning
ammounted $105,000,
ربع
approximately
Noon quotations und The morning's transactions were: NHATER Buyers Hellers Halcy HANKS
INSURANCEN
OK BOR
1919
SIIPING
טה?
1120 020
2007, 225 410
5570
7000
41
Waterbuat
DOCKS, ETC.
K. Whart
Deck.
Providi
LAND, ETT
MK Land MON
琴
*
2001
12.10 12 40
BOUD
Net
JUNO
#
10***
15.30 11.75
Humphus yo
ROHNER
15
A. Wh
Stati
1.12
20 n
T
UTILITIES
SL EVILY R
Yumati
1.
101
Mectric
גן
Exchange this week of nearly all sharos except cottons sont shares spurting upwards in a week of foverish activity. As the political situation in France cleared, the full effect of reduction in the Hongkong interest rates made itself felt on the market, which reached its highest weekly turnover in two years $5,603,000.
Also said to be helping the Telephones
12 market was the influx of meney compartes,
In the for.
Welt luve been
12 20 from Singapore, which business-committed to hravy expenditure.
men were reported to be taking this year.
21
may consider 1:
21 out of the Crown Colony becuese necessary to call for new capital
of the uncertain polpicat situa- frown and it seems likely
that
tion there after independence | now jsites will soon be at- 3 later this year,
Cu 1
Bond
this
When the market closed yes- Cements were up agele terdy price: had Bardened in week gaining 50 cents to close must seetiots, and it is expert-jut $23.
ef that the present trend on
en the market will conthate
200 2020 some time,
[או!
for
Dairies
Dairy Farms, which are stift
Banks and Unicus seem to beelding 10 per cent at their pre-
07
17.70
B
BAR) 12
10 looking upwards. for the
frat
100 ...
17. time for DANT #
and
}
terip was rearee this werk.
300 **
*! 200
100 -
PONY HO
21.40
Prospects
There
27.1 2700
2.
1100
STORES, ETC. C
17 17.00
Wit
forms
26.00
in unbel sent prices, were still demandt. They rose from $10,00 1-$17.20.
The
گو
HK Hotels
A. S. Watson
Yangize
Allied
DEMAND FOR CARRIERS
ON WALL STREET
New York, June 5.
Gains in rails and irregularity in industrials featured a
moderately active session on the
វ
יוth
Ain. Cable & Radio Corps. Anterican Cyantamid Cu Amer. & Forga, Power Am. Gas & Electric Am. Hon Prol.
Cottons, which had very good
Demand returns last year, were, nut f
carriers Allied Mills Inc. favour this week dropping what urted the whole group. The Abs Chalmers
Am. Brake Shoe 21.40 The recent reparts of prospects [they gained Cast werk,
See in the average rose trac- American Airte 15f an in reased tourist trade for reason for this could he tons, Outside that group there
2700 Honghong this year hat its buyers are rather cautious
effect on the market with Hotels bath Nanyangs and Textiles be Hintaylarlak demand. With in-cause of the uncertain future of {r: The rst class hotels the enttion industry 27.40 i subirient Root
in the Colony it is expected that Colors. With the sinenc attacks
hotels operated by
gainst Hongkong cotton geods will have very good in Enginud, and vow the thie
next w Staterond West Germany, this yeur's outlook for both mills in uncertain,
...
1 11
11
10 90 10
Chow 61 178
Tosties
4.55 465 Nanyan. 833 HAG 2000 6
İYİM ELLANPOUS VIND
INVESTMENTS,
Allied
14 ม
3) 434
...
it Hotels
businesses tr
years.
6.40 1.40
Courtaulds Dividend
an.
London, June 6. Courtaulds Limited
nounced a final dividend af five per cent, less tax, making eight per cent for the year against 10 per cent previously.
The final dividend is pay- able on July 24, 1950. Group balance from trad Ing and investment in. come before
taxation is
13,918,060 against 15,102,074 previously, Group charge for taxation
£5,789,985 against £6,074,118,
Directors
vir
the
1
were wider gainsmore then three, in Texas Pasifle and more than point, in Blistari Pacifle and Katy preferred.
Oils tame irregularly lower with Shell off more point, Uilities hoid firm.
As a real Hotel stiares have
Tally for the week was nearly 12.40 become a speculative issuing, and the same as last week, 18 iḍdi-
They
1st $19.40 1.3
er, for unchanged and two low- 1820.30
gain this week, a $1.30. This is their highest quote. Last week, when the tum-and drugs
1er was 53.16 millon, the tally wies 18 higher. five unchanged jand one lower.
Piate that tually the whole of the reduction in profit can be ascribed to the deteriora. tton in the trading results
Viscose 011
and acetale
both textile bres home and export markets. allied to a further rise in production costs generally. This deterioration was to some extent offset by iet. proved results in certain subsidiary companies and by an increased dividend from British Nylon Spln. ners Limited-Chira Malt Special.
CHICAGO GRAIN MARKET
Chicage, June 3.
Grain futures prices close mixed but mody steady to hem on the Chicago Board of Trade] tudny
Wheat prices, at one time, nd- vanced as much as the rest bushel over Widnesday's clase.
sime 1955 when they rose $20.08.
Realties, Hongkong
tal radis
thus
double last
www.
word
༣༢༠!1¢»༤#4 almond
Et
Market Diary
Steady
than a
Motors were steady to firm, stevis mixed in a narrow reu, higher In several stances. Among the specials gains of one point or more Pemisall, appeared in trot, Kroger, and Brunswick-balikes,
of a total 1,190 issues traced, 1501 were higher with 98 at new
steady denund" throughout the Here is a market clary of the ugs and 407 lower,
weck. With their declaration of week: 15 cents dividend-unehnaged from last year-and a bonus Friday:
Ime of one new share for every ten held, the share rose frum $1.55 buyers last week to $1.65 this week.
All utilities, had good rises for the work with
Monday:
and Electrics
UK Selling Methods
In America
Fondon, June 5.
The British manufacturer |
has a language advantage in the American market but his business methods are "frequently compared unfavourably with those of the Germans and the Japanese", according to a Board of Trade journal survey today.
The survey-of British, West German and Japanese selling methods in the United States was carried out by 18 conulur poms in America, Puerto Rico And Honolulu.
SUMMARISING
Tuesday:
with
ช
touching new lows.
Exchange New York Stock Duil and generally featureless. T/O: volume was 2,600,000 shares. $500,000,
York Stock Exchange New Better sentiment bond volume was $7,190,000.
to prices
T/O: Anierican Stock Exchange
volume was 950,000 shares.
causes harden. $904,000.
Prices
nke
[ur- ther progress. T/O: $1.400,000. Wednesday? Prices generally well maintaised. T/O: $1,183,000,
of traling Тетро increases and prices harden. TO: $1,520,000,
Thursday:
Dow-Jones closing were:
180 industrials
20
find
cons
stocks
10 bonds
Coinin. future price index.
A. Mach day. Ametitan Metal
Americus Shelt
A Sugar Ref ... Ainertean Tel & Tel Aineriran Pub. "n" Anede opper Aimee Steel" Armour
Atlas Cons. Mining 133-Llirin-Elava. nauiure & Ohio Bew Setal Finance
Bengairt CuDIN Bethlehem Ste!
alix Aviation Corp
in Allplane Caden her Ch iurachs add Machine Campbell Soup &
Camden Paville R.
Ce J. 1. Co.
Cat. Tragier
Celanese" Cams.
C. I. T. Flomuckal Corp. Che Manhat. Bask Chrysler Matura Chuck Pentely Cute Palmolive Co Connblan Carbon Cir Commercial Credit
Consolidated Milson Conlluental Oit at Del. Crown Zellerbach Cuban Amer. Sugar Diamond, Alaй
Commonwealth Elec.
ouglas Aircraft
stock market today.
354| Getty
2013
23 de
3015
Gondyar Tyre
35 Good . P. Co. 1DEP
Grupitaan Aircraft
232
44% Gulf Oil
13
Janiestake Mining C
37
Inland Steel C.
22,
Interchemical Carp,
4112
454
bit1 llusions Machates
350
300
Tut. Harvester ....
34
17734x6
R01
45%
15
49
142 Besden Newport Corp.
151, Ingersoll-Rand
International Nickel
International Paper
Ini Tel & Tel 50John-stunvile co.
403%
Kansas C. Power & Ligh
Kennecol Copper
Liner Meyer Tab. Ickheed Aircrat: Low Inco...... Lone Star Cement Co.
Netstein & Son
Aircraft
Stock Exge.) 972. Mesabi Iron Corp.
Minnesota Mining Mission Development Momo Chemical Co.
191 Montgomery Word
Motorola Inc.
17
4332
National Biscuit Ca. 5434 Nu Kantanal Cash Reg. "A
National
Dairy Prod. National Leni 11 National Steel Corp.
New Yurk Central O Mathieson .... 555 Elevators a Owen-Illinois Glass
20
5540x1ord Paper Co.
39% Pelle Can & Elec.
CHATTER ON WALL STREET
New York; Jude 5.
B. F. Hulon A Có notes that the key to further improvements in our do- mestic economy Res with the consumer and, with 3 bifflon Ih purchasing power recently provided by income tax refunds, retail sales figures will be closely scrutinised in the next few months,
day, apparently under the influence of the pleasant weather and of "talk" that the strike of bưèméri may soon be over. Volume was moderate at 8,005 the average
Clark, Dodge & Ce, notes that now is 50 points
bargains but there seemned above the October low and has
to be more lying thäni[recovered almost extielly 50 per selling.
ont of the preeding 100-point
fofeling, 11 also is up 28 points
Among Industrials courtauld frum Its April low. led with a rise of 2/- to 21/9, eleme to its previous 1950 peak o! 5?/£
Gilt-edged continued firm but the market was subdued and fractional with Inixed
lesl movement,
FEATURELESS
EVIDENCE
Van Alstyne, Noel & Co. Inds strong the evidence remaining
13 continut that the Hat wil gather rising support with the Tehnical progression inviting a greater interest in common stück equilies,
Bache & Co, says that over a The foreign bond section was period of time upward moves featureless. Japanese 3 per are kely to be accelerated cent 1930's landened half a because of a genreily of offer. point as well as the non-as-is. sented four per cent 1910's.
Standard & Poors finds East- Dollar stocks were mixed man Kode an attractive hold- with fractional movements each hist for long-term growth way. The premium remained potential, unchanged at 3 per cent,
Gold shures were quiet but arm on selective demand, some of reported to be on American account.
Reynolds & Co. belleves the current dividend will be re- tained on Texas Gulf Sulphur despite anticipation of lower
to $1.40 income, possibly share, úginst $1.75 a year ago. at-U.P.I.
Oils finished with guins up to 2/ with Sheil Transport |1/6 higher-UP.I.
Final Dividend
London, June 5.
Selection Trust Company an
Interest Rate
Ottawa, June 5.
"
The Bank of Canada's weekly
interest rate Jumped 18 per
Hounced a final dividend of cent today to 1.97 per cent, its 414 30. less tax, on increased capi-highest mark eince mid-April. #tal-China Mail Specfal.,
II.P.I.
P.O B-I E
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N. CO.
Outwards
KHYBER"
25th June ICU: June
on
5th August
One London'
Leaves Londen
Duo Mongko
"COIFU"
SaDod 30/4
In Port
"SINGAPORE”
Salled 8/3
17th June
5241 American Airways
"CARTHAGE" 20th May
30th June
B14
Paramount Pictures
33
"SOUDAN"
Paske Davis Co,
7th June
19th July
averages
Diamond Match Co
31
Peny J.C. Co.
031
*CANTON"
28th July
39%
Pran Sal Co.
Dow Chemicals
Philip Morela ....
400 55
Dupont de Nemars
Preeter & Gamide Co.
117,43
Eastern Allina
3
Pittsburgh Plate Class
2015
Пощения
--7007
Eastman Kodak
100
Pubicker Industries..
"CORFU"
182.301
El Paso National Gus
-331
C
Family France Corp.
157 34
Fire Tone Tyre & Runner
Ford Motor S
41%
Repic Steel
4712
General Elechte
6011
Reynolds Metal
General Focis..
Sears, Roebuck & Co.
Shed Co. .....
$11
Gen. Pub. Un
Samt Reg
Paper
70
Gen. Tyre & Hubber
Closing Prices
Alden Inc. Acy. Allied Chemicals
fieneral Motors
COMMODITY PRICES
FOREIGN EXCHANGE
NEW YORK Closing rates were: Canada England quicial 30-day New Zealand South Africa Brazil. Others unchanged.
LONDON
100 27/32
281 B/G
2.01
200
.0079
2017/16-261 0/15 2.71 1/14.2.71 3/10
Closing rates were; New York Montreal Amsterda
106995-10.397.
30.40-12050
11.705-11.707, 17552-174530 157914-11701.
The Jourant, summarising the results of the survey, says: The Brussels
Copenhagen Germans and Japanese are said Frankri to be much more aggressive in Mil
the sales ch their approach to probter, to devote more time others unchanged.-U.P.I.
care to producing goods
In styhoons, prices were lower styled for the market, and to be due to the decline in roybean | much more ready to make oil future. Local traders solilnor modifications to products
the July contract to-Eastern at the suggestion of agents ant!
houses.
עלאב
Importers.
"British, quality is in almost every feki regarded as superior
Parla
12 23-220
RUBBER
No. 1 its spol Salement house ferait
July Aug.
2214-22
Sep
July/Sept.
Gvt/Dee.
Juni/Mar
Apri/June
General markets, cif has, ports:
June
July
Aug.
thin July
thick July
Estate crepe
Amsterdam
rubber
prices
were unavailable.-U.P.I.
SUGAR
New York, June 5.
futures World No. 4 sukar today closed unchanged to four points lower with sales of.590 Contracts,
Dunestle No. 0 sugár futures cloud one point higher to three points tower with tales of 181 contracts,
Pure Ollige
xd Rail Corporation Radie Corp. Prek
Oc:
Spot 33.10; July: 14.12: 38.50; fier: 30.03: Mar: 30.25; May:
Su Jus 35.40, Out: 34.03.
Sinclair Ou
Socony Mobilit
Solar Alterati
South Puerto Rico Sugar
Southern Co. (The)
Southern National GAN
Southern Railway (Com.)
Standard HrANUN
Standard Oil of Cal.
Standard Out of Th
Standard Oil of
of N.J.
Sleep Boek Tarnato Exge.) Stokely-Van Comp.
Studelimiter-Thurkard Corp.
Sunshine Mining
Swift & Co
Texas Co.,
Textron Inc.
Tide Waler ANNE CH
Twentieth Century
LIVERPOOL
Tline the
Collan
closings, future pence per lb, were as follows: American Contract
11)
20.33;
July/Aug: 25.27; Oct/Nov: 23.50: Der Jan: 26.30; Mar/Apr: Play/dgow: 20, 15,
Mixed Contract
July/Aug 20
Det/Nov: 20.40
Becan: 26.35: Mut/Apr:
as June: 27.20.
Prices were all unquoted in Sao Paulo because of a holiday. in the US, the average price ol One-inch coitun at 14 designated put tnarkels was 34.79 cells.
Totul sales were 11,332 bales, -UP.I
•
METALS
NEW YORK
Prices of inetal futures closed today in cents per tb, as fol-
Contract No. 4 (world) July: 3.30: Sept: 0.41; Oct: a.40;laws:
July: 3.35 Lead Mar: 3.34) May 3.36:
Rex rubber futures today Sept: disi; Spot-recuts per lb. fob
contracts,
10.240 10.240
2.320
6.430
24.15b
Upton Carbide
Fox Film
Unkan Oll of Cal .....
Union Parine
United Altern
Italway
United Gas Corp. 3.8. Po "3" U.S. Gypsum U.S..
Line Cu.
US Humber.. US. Smalting
US Steel
| Warner Bros.
Westinghouse Electric Western Union Tei. Co. West Va. Pulp & Paper Woolworth
DUPONT GETS PERMISSION
Wilmington, Del, June 5.
An agreement licensing E.I Dupont de Nemours and Co- pany to manufacture and self a new grade of ultra-high purity silicon under a process developed by the International Telephone and Telegraph Corporation bus been signed, it was announce.i.
Under the agreement, Dupont 21310
lus exclusive rights to make alib and sell the new material In the 93.500 United States und Candu for
len-year period. The proces was developed by Stan- dard Telecommunication Labota- tories Limited of London, Enx- land, an ITT affiliate,
LONDON Prives of metals closed today sterling per long ton as fol-
Wheat No. 2, red
Spot
July 1947, (1) 1033211)
Sept.
Dec.
Mar
May
2030 19392 3071-131 102
1841:
NEW YORK
Corn, No. 2, yellow
Spot
July
13412-135% 1201-4
in that of the Germans and can- lensed 15 to 20 siderably botter than that of the
wltiz sales of Japanese....
Closing prices: July: 25.00;
Sept.
to a greater extent than the Hri-
*5.65.
Dec.
fish manufacturer, have sought
points higher Caba): 3.42. 43 contracts.
Sept: 23.60:
SINGAPORE
July Sept.
Nov:
Open interest: 7,700 contracts.
Contract No, C (domestle) July: 5.70; Sept: 3.18: Nav: 3.76)
Zme
July
Sepi.
{Copper
NY ex-duty): 6,75.
Open Interest: 3,378 U.P.I.
Scul
Mar
MAY
Judy Sept.
Hve
July
..Bepl
July
Sept
Soybeans, No. 2, yellow
Spot
July
Sept.
NOV.
JATE .for. Barley, Spot
#2247-225
1.9. dollar (për,
129-153
Sterling poles fver £1
New York flour
Avstrallah swiek toer Ki
$14.50
Slam tipal (pa87,300)
UPI
Eingapore (štrafín)
Zoð lb, anck
The Germans and Japanese,203 Jan: 25.70 Rac: 25.05; May: Mar: 8,38: Spol-(cents per, ib, eit
opened slightly
to provide goods of a cheaper The market Tange for thế mass market."— lower today on disappolating overpeas udvices and ruled quiet
Reuter.
Exchange Rates
unt announcement of May ex- ports brought
t some short covering.. Futures:
No. 1 rubber per . June 1315-733;
July 11-72 No, 2 rubber per lb, June 7-12 No. 3
done ki the focal 3 "
murket This Spot rubber unbaled
Tela exchange
morning at the following rates:- Blocket crepe
Estogasian rupiali, (per 169)
No. 1 pale LONDON
12.64 The tubber market was very
17.00
ateddy, with spot, quoted
1.00 22-0/10 pente per 1. Pricest
COTTON
NEW YORK
Prices of colton futures, closed
3pot: 38.20n: July: 35,10:
Det: 1.61; per: 3.84; Mar: 30.03: May: 54.82; July: 36.08; Det; 34 08.
NEW ORLEANS
Busters wa
lows:
Tin
Spot
Buyer Sellers
730
100
3-mont
7341
733
Copper
1031~~
10474
3-month....
180
100
Lead lat half
June
SCAL
7145
Zine Jet halt
Et
Pils of coltén fututes closed
June
today is told:
Dept.
01-2114
today as follows
B015-05
The w
The now grade of silicon is clained to meet a need in the electronics industry for material. of exceptional putily to be used in the ránufacturo of suichi cumbonenta as high voltige restlers and power transistors, -China Mall Special.
-"SUNDA” *
Leaser Boogkeng
0th June
10th June
"CARTHAGE". "... 4th. July
"SINGAPORE" 10th July "CANTON"
1st August "SOUDAN" * 18th AuLADÝ
8th July 25th July
6th August.
24th Augurt
1st September
25th Septander
Vis B'pare, Penang, Colombo, Dombay, Ades a Pl. leta. "SUNDA", "SINGAPORE" and "BOUDAN" call B'poza, PL 'wet. Penang, Aden, Pt. Bald, Naura, Londra, Hamborg, Rotterdam & Antwerp,
BRITISH INDIA S.N. CO., LTD.
"SANTHIA” dus 10th Juno
saße 11th June
"BANTHIA" due with June Fails 271 June
· “FULTALA" AUF
1st July alls 2nd July
"SANGDLA" Quo 4th July
Balle 5th July
from Calcutta. Kangoon, Penang & Singapore
for Japan
From Japan.
for Singapore. Penang, Rangoon & Calcut
from Japan
for Singapore, Penang, Caleutia & Rangoon,
Chittagong
trom Calcula, Rangoon, Penang & Sincopute for Japan
P. & O./B. I. JOINT SERVICE "ITAURA"
due 21st June
"UMARIA"
satie 23rd June
бле 3rd July
salls Sth July
5th July 'PACHUMBA" due
malis 7th July
from Bhaghager, Bom- bay, Cochin, Penang & Singapore
for Japan
fem Karachi, Bombay, Cochin, Singapore &
Cur Nicobar
jor Japan
Скот Зоран
for Singapore, Penang, Aladres, Kombay. Ishau nagu Karochl
EASTERN & AUSTRALIAN S.S. CO., LTD.
"NELLORE” due 5th Juic
"NANKIN"
salje 14th June
From N. Chla for Labuan, Bandakan, Erlebane. Bydney, Mal bourne & Adelaido
dre 22nd June trom Australia sat 24ili June for Japani
Al vessels have liberty to call at any portu, un ar off stid routa ai iné fouth a smiltīgi kié doblje
tô chỉign or amendment with dị without délce.
For full particulars apply to:
MACKINNON, MACKENZIE & CO. OF HONG KONG LTD. Telephone Nos: 27721-4.
*
*