1955-05-06 — Page 9

عالى

اد

"THE" CHINA MAIL FRIDAY, MAY 6, 1955.

Pago 9

TRADE

and

COMMERCE

SECTION

U.S. Rubber LARGER SOYBEAN DEMAND

Consumption

A Record EXPECTED

Washington, May 5. The Natural Rubber News United said today that

States rubber consumption! in March and for the first quarter of the year had es tablished a record.

This publication at the Na fural Rubber Bureau here said Agures March consumption

amounted to 134,878 tons and

the first quarter

consumption

amounted to 377,918 tons.

It pointed out that 1 con- sumplion continued at the first quarter rate for all 1955 the rubber

would consumption amount to nearly 1,500,000 tons.

Consumption of natural

Tubber in March was 57,933 tons

Japanese Will

Also Want

Tallow

More

Washington, May 1.

The United States Agriculture Department today reported a possible larger demand by Japan

Dunlop Rubber Profits

Loudon, May 5.

Dunlop Rubbers reports group trading proffs at £17,717,914, an increase ef 14 per cent over the pre- vious years. £15,488,543: parent company's net pro- Bits were £2.902.972; if the refand

of exces proßla taxis Included, net be- comes £3,508,642,

lem

Dividend is 10 per cent,

tax, making 14 per cent for 1954 'compared with 1953's 12 per cent, plus bonus of 2 pèr cent,

United Preis,

maintaining about the 43 per for soybeans and tallow in the coming months, TODAY'S

cent total rubber

sumption which was wet in ..February..

"

constantly increasing con-

Teflects sumption

of

The Rubber News said that The higher automobile production in Detroit and also the very high rate replacement tyre business, as well as the produced very high replacements in the second quarter due to, the build up of tubeless-inventories.

the sald although It then estimates of United States con- have been sumption in 1955

raised by industry sources about 150,000 tons since the first of the year, the entire in- crease is forecast to be synthe- tle-United Press.

British Petrol

Dividend

and a need by Austria of fats and oils,

The forecasts were contained in the Depart- ment's weekly publication "Foreign Crops and Markets" and were based on reports from United States Agricultural Attaches stationed in those.

as . sales two countries. They were intended advice for American farmers and exporters.

Com

The report "of Mr Joseph The latter, however, is subject Dodson, the Assistant Agriculto. substantial revision......................... tarral Attache at the United "The increase in the budget States Embassy in Tokyo, said: for imports of most food items, "Japan's Imports of soybeans including soybeans and tallow, and tallow fiscal year 1985, the Japanese can be attributed to the im

(April 1, 1985-provement of Japan's holdings of March, 31 1958) may be some- foreign exchange and also to the what barger

than in the pre- Government policy to Increase 12 months. vious

the imports of necessary "Present indications are that} modities by curtalling the im imports of soybeans during the ports of less essential items. 1955 fiscal year may total about.

DRAFTING BILL 040,000 short Logs (including 66,000 tons of soybeans for proż Cessing and

and re-export) allow about 120.000 tons

120,CAURO compared with 617,000 tons of Lendon, May 5.

and 93,000 tons of soybeans British Petroleum Company tallow in the Escal year 1954.

JAPS APPROVED announces gross £75,348,941, T

"OD

March 30, 1955, the increase of 17 per cent from the

Japanese Government formally previous £63.883,828 earned the

But depreciations takes approved the foreign exchange year.

imports

during £30,406,091

In 1954 (previously budget

1955. For this April-September £20,058,243)

taxation

period with six-month

the GovernI- £19,592,977 compared

ex inert has decided to increase £19,342.252.

the imports of soybeans to about 320,000 tons (including 22,000 tons of soybean meal) from around 226,000 tons in the com responding SIX

and

Net profit is £24,349,873 com pared with £23,589,454, a gain of three per cent,

105

A final dividend" of 14 per cent arounding six months of 1954.

les tax is announced This is on a capital increased by the free script issue four shares for one. An interia on the smaller capitai of 5 per cent has already

been pakl-United Press

LONDON METAL PRICES

Londen, May 5. The tin market was steady with spot Josing to £710% and three-month 1⁄4 to £714% Turnover was 50 tons of which 25 tons were for cash

Closing prices in sterling per

long ton were.

-Spot -buyers—

sellers

2-month buyers

sellers

At the same time tallow in- ports for April-September 1965

increased about 22,000 tons from 44,000 to 66,000 tons "As a basis for working out the import

for programme April-September 1955 the Gov- ernment has tentatively set the import programme for the second half of the fiscal year.

SHARE PRICES

(From Our Correspondent). Business done on the Hong- kong-Stock Exchange this morning amounted to $524,490. Noon quotations and the morn ing's transactions: SHAKES BUTEEN SELLERS SALES BANKS

ENSURANCES

1

HK Bank 1550

East Asia..

Union X All

212

900

Lombard

51

SHIPPING

Agla Nev.

280

69

24.10

DOCKS. ETC. K. Whart Docke Provident (Old) Wheelock LAND, ETC. HK Hotel

the

HK. Land Humphreys

Government "The Japanese is of early April 1955 was draft- ing a bill for temporary mea- sures to stabilise the prices of imported, foods which was ex- pected to be submitted current session of the Diet.

The bill calls for price and distribution controls of

import ed sugar and soybeans, By this measure the Government ex- pects to reduce the retail prices of refined sugar and soybean, cil

China Mall Special considered high at prestr

Chicago Grain

Market

Chicago, May 5, 1. Grain Lhures resisted profit- the Board of Trade taking on today and closed fem to strong led by wheat futures. This re- flected short covering and light offerings in active dealings.

World Cotton US export sales were confined

Markets

New York, May 5. Cotton futures today turned irregular after starting higher consecutive the for

fourth 72016

"FESSIVILS, *21 71433

7144 The zinc, copper and lead "markets were very steady today Prices closed in sterling per long ton follows:

Spot Copper

buyer

sellers

3-month Copper

buyers

sellers

Lead 1st half May

1st half Aug.

Zinc 1st half May

305% 306

#93

20015 103-1034 1034-1033 8815-1824 875-8774

1st half AugUnited Press.

Gains ranged up to 50 cents a bale before technical realising and edge selling curbed the rise Liverpool brokers bought July against straddle position. Ship- per covering against export safe; to Korea, Italy, Great Britain and Spain furnish additional However, recent support optimism on the immediate ex- part outlook for raw cotton was cooled by the slower demand.

of 1954 crop The net stock cotton

Government hands In totalled 1,848,561 bales plus

NEW YORK METAL 4,898,815 boles from the 1953

FUTURES

+

to a small amount of corn. The United Kingdom, bought from the Canadian market overnight a small amount of cats," and Switzerland bought 2,500 tons of Cacodian wheat,

Wheat closed up 1% cents; soybeans off to 11⁄2 cents.

UTILITIES

Tra

Star Ferry

30 @ 1533

11.30 12 1:00 7.20 72 1500

17.30 17 500

6600

THE STOCK EXCHANGE

Scare Money'

Comes

To Hongkong

By A Special Correspondent

Millions of dollars have entered. Hongkong from Saigon in the last three weeks as a result of the political crisis in South Vietnam and a small amount has been invested in "Blue Chip" and gilt- edged shares on the Stock Exchange.

This week tournovers have again been high, topping the $2 million mark on two of the last four and a half trading days. The market undertone was firm st yesterday's close and a number of leading issues showed à good improvement on the week."

The increased activity of the The Land company kept share market in the last fort-its general reserve Agure at night, however, does not give around the $3 million mark anything like a true indication from 1931 until this year whenTM of the actual amount of money it increased. It by $1.100,000. reaching Hongkong from ner- Among its plans for the future vous residents in Saigon and la the redevelopment of the other parts of South Vietnam three sites adjoining Alexandra I have heard of one bank re- House--the King's York and ceiving over $10 million recent Union buildings. This work, the Chairman, Mr Gordon indicated 13.

in his last report, would be carried out early next year..

very

Most of the recent remittances have been deposited in local banks and esparatively little has been invested.

PossiblyIt w be in the future

confidence

grows, Teoretically

the investment 2100 level might be expected to rise 74 with more money in circulation 17.40 | from Institutional buying if not 17.40 from personal Investments. But that does not really apply in this case,

#7 300 à 67

18.70 1010

21% 130

יי

1

The capital arriving here is essentially scare money" and its owners would naturally be chary of committing themselves to any new enterprise until they are completely confident that there is a sound basis for in 18.60 vestment.

2500 @ 21.00 Ferry 106 106 3000 50 10 C. Light

(0) XD ...118.30 1815 200

INDUSTRIALS

10%

38%

C. Light

(N) XD ... 14.30 141⁄2 1000 Bectric

28.38 150 Telephone... 314 233% 1000

14.40

Cement

29 29.30

15.00

20.30 20.40

5.50 6.30 18.65

Rope Xb STORES, KTO Dairy XD Wandon

Textiles Nenyang MISCELLANEOUS

Yangtze

CUTTONS

20.30

23.40

4.00 4.95

3000 @ 0%

Singapore

Stock Market

SOME INVESTED

BANKS IN DEMAND

Banks came back into demand this week and with a turnover exceeding 500 they rose $15 to which have their assets and $1,550. These shares and Unions, associations more widely spread

than most

other listed com- panies, are most favoured by the

their people who send money to Hongkong for safety,

Good

Other shares favoured this wock were "Blue Chip" Electrics and Cements Electrics are up 2 to 53814 on a turnover of about 20,000 shares on

demand. vestor

At one the week Mec- stage during

Cements, trics rese to $33. which continue to show good carnings, moved up under solid buying pressure from $28.90 to $29.20 on a turnover of more of than 30,000 shares.

At the moment, Hongkong appeals 10 these overseas Chinese largely because it is a British Colony and because there is a certain degree zalety here. Obviously, through,

Trams appear to have shaken long

Formosa

and rése problem continues unsolved, off their inhibitions

the almost $1 on the week to $21.60 hangs over

while Lights show a net rise of about 70 cents on the week to

st

cloud

24

the

whole of the Far East and that must include

Until there is

% 23.518.40.

STARS DOWN

between Peking and Washington Telephones are slightly off or a concefire agreement there last week's closing rate of $32% fore, there cannot be complete and last sale yesterday was $32. confidence. And unta that day there is not likely to be any large-scale investment of these

Yaumatis and Stars suffered runds in Hongkong land, indus- toe. Stars which were selling at. try or shares,

$140 last week have slipped $9 Some "scare money" has of to $131. Yaumatis cold at $108 course already been turned into on Monday but with no sale

Its owners, whyesterday they were quoted at stunt their capital from various $106 middle. trouble spots in Southeast Asia

In the Stores section, Dairy "have yeat,

become Farms are down from $20.90 to Opening reconciled to the situation $20.30 Watsons have been fund Hong-inactive but steady at last sale and they have 31.43

kong a sufficiently safe haven rates of $13.40. Caldbecks have

of a ceasefire, announced

3/- dividend plus but bonus (unchanged)

Singapore, May 8. Brokers today quoted the following stock prices:

30s 6d

Batu Lintang Rubber Co.

Ltd. British Borneo Petroset 15114

Syndicate 145-14475 Consolidated. Ti Smelters 14714-3 24513-145 Fraser & Neave Ltd. Ord. 31.6 142

7346 can pret

$ 6.00 Hongkong

Shanghai 10015-100 „Barkong Cory,

1829

2.50 $1.45

236-153

Straits Tradin

Straits Steambitio

Prices per bushel in cents: Wheat No. 2, red

Spot

May July

2ión 2172 2004-**

Septem

December.

Corn, No. 2; yellow

Spot

May July September December

Bye

May July Outs

July

1935-12

Hongkong Tin Ltd.

Kempas Ltd.

734 €712

Borean, Na. 2, yellow

Lanas Bubber Estates Ltd. 1.90 Malayan Breweries

$3.70

Spot

New Serancah Rubber Co.

Ltd

#1.31

May

200%-%

Petaling___Tim Ltd.

3,90

Judy

2434-244 Raffies Hotel

loan programthe.

September

235

Singapore Cold Storage

2,00 $1.70

Trading volumes and open interests in the Exchange today

November January

315

South British Insurance

Barley

were:

Month

Volume

interest

Spot Open New York floy

200 15. sack

Lead

Kay

14.00b

June

14.206

May July October December March

$2.400

82.1001

$14.756 Joited. Press.

€3,500

133.000

23.100

459,800

15.800

392,600

07.000

Tin

May

$0.25b

June

20.155

May

19.800-

219,300

July

7.100

100.700

Zine

10.900

June

11.42b

Total (bales) ... 152.800

2,292 500

Copper May

35.20%

NEW YORK

Market

Jone

33.50%

United Press.

Prices of futures closed today as follows:

New York, May 5.

London, May 5.

on

Spat

FUTURES

May

34.05

July

33.05

Oct

34.00

Chicago, May 5.

Dec.

34.07

Prices of lard futures closed today in cents per ib. as follows:

Mar.

14.05

fregular trading.

Dealings

the London

Singapore, May 5. Stock Exchange today were The "rubber market steadied highly selective with most of today with some orders the list moving in A Tarrow, oversees and some acceptances

pattern in quiet Futures

from

May

34.65

July

33,41-42

flected

runesments.

May

New York, May 5. Prices of metal futures closed Aoday In cents per lb. as follows:

CHICAGOTM LARD

July

September

October

November

Decant

NEW ORLEANS

Prices of futures closed today as follows:

Spot

United Press,"

Dec.

United Engineers Ord. Wearne Bros.

$11.00

investments.

In the event

1/- and

30.

some degree of comidence will bly re- there has been no sale of these turn to the whole of Southeast shares which are closely held.

has been The cotton section Asia as well as Hongkong. It is difficult to say just how much quiet with Textiles steady and

jast: of this refugee money will leave Nanyangs down from the

to a seller the Colony under those circum-sale price of $8.90 stances. But as long as there quote of $8.65.

In the shipping are comparable yields in Hong-

section, abortive kong, it is reasonable to expect Wheelocks made

climb

above their only a small outflow to the attempt to $25.00 Philippines and Indonesia and present rates of $7.20-7.25. quite a large proportion to stay. Buyers pushed rates to $7.30. their earlier in the week but PERTINENT QUESTION

needs appeared to be easily. however, satisfied and the price fell back At the moment,

to $725 yesterday. brokers are confining themselves to, realities. The most pertinent question is: how long will the

There was a sale of Wharves Brokers

ices at $72 on Tuesday, but buyers might remain reasonably high have since reduced their bids to

Docks for the next few weeks. They $88.

appear quietly point to the fact that where steady around $24 while Pro-

weakness has developed vidents remain unchanged akapant

the art week, it has not been $11.90. sustained and

the Land and Hotel Sec- the market has 200

Hongkong recovered itself quickly. Share tion, apart from

are attractive to sellers Lands, prices are

There has been lule. at the moment and the market interest Hotels are down 20 Among the features most re. No. 1 rubber per lb. Mey- és will remain reasonably active cents on the week and Realties

London Stock

China Mall Special,

Singapore Rubber present

Market

feel share price!

REALTIES SUBDUED

Dunlop Rubber | No. 2 rubber per 15. May around, present rates have been subdued us

response to company an

No: 3

following a good earnings report | No. 4

but unchanged dividend fell 2x Rubber, pot, umbaled

66. On the other hand, Bo-Blanket crepe ........

water

spurted to a new high on

No. 4. palo, Crepe

long as buying interest

Jung 81-881⁄2 } and Jute unquoted

continues. In the

American Buying following na- The N.V. and London rubber nomeement, of its plans for ex-prices were

34.27

31.98

34.04

24.00

34.30

May

14.08

pension.

Professional

July

34.40

LIVERPOOL

LONDON PEPPER Mar

MARKET

ned

some British Government issues 1/8 or 1/4 stealing the latter in War Loan

Oils were mostly lower. Future closings, American Pessimism over the British middling in pence per lb. were

Petroleum forthcoming divie, as follows:

dend postinued la depress, Company's share

Swies.buying. of

London, May 5. The pepper market was quiet. White Sarawak was quoted at As 53⁄41⁄2d, sellera, per lb, and Black

May/June Sarawak at 29, 6150, sellers. July/Au Black Malabar May was quoted | Oct Blev as 3475 per cwt, selle-United

Press

31.70 鮮

20,74

20.04

Germans

lifted Reich Loans and the two Potak Loans United Frest.

United Prest.

not available,

at

With rubber prices down in past week, chief inter- Singapore, the rubber section on the local Stock Exchange est was centred in Hongkong has been in the doldrums.

and shares. About 20,000 have

changed

hands, and the price

has risen from 485 last Thurs-New dayi 367 yesterday after- noon. Why the rise? Brokers

tell me there are rumours

Ice House Street that the com pany is contemplating share

York Wooltop

Market

New York, May kop prices closed today its

Exchange Rates but appears to base cents per is as follows:

less online Information text than on Intelligent eve

Sepeculation, Buskers "was Boon in the immend), exchange market this A look at the lot balance sheet inneaing, at the following,cord I shoug that reservás mie: around Badlanderer £1) Indonaden rupidae (per 100) Blais, (pes: 100))) (9 Singapore ---(83)

(per 100)

15

$4 million and it is quite likely

30 the company will have to raise July

capital for expansion plans October 70 later this year.

2784 traded

1786-1789

1740-174€

サ

168.9 tradot

1620-1670

Is0,0 Rom

P&O B.I. E&A

COMPANIES

PENINSULAR & ORIENTAL SIN. CO.

· PASSENGER/FREIGHT SERVICE

Leaves London. Due Hongkong

Outwards

"CORFU

"CANTON"

“CARTHAGE”.

*CORFUTM

Sailed

J0th May

73th May

27th June

Mod June

252 July

20th July

and Angitat

· Via Southampton, Port Said, Adrn, Bombay, Colombo Penang 2. Singapore

Homewards

*CORFU"

"CANTON"

"CARTHAGE”

{"CORFT”

Leaves Hongkong Dine London

3rd June

July

20th July

26th August

5th July

1st Auguİ

28th. AuroNCE

27th September

Via Singapore, Penang, Colombo, Bombay, Adom. Part Sald & Londan

*SHILLONG”

"

FREIGHT SERVICE

Jards 7/8th May for Spore, P. Swatten➡ ham, Penang, Colombo,

Aden, Port Said. Genom

posta

Marseilles, Havre, Lon- dan. Antwerp. Ratter dan & Hamburg “SUNDA" loads 29/29th May for same

*SHILLONG" above

With liberty to call at Balawan before or after Straits Ports and at Bombay ir inducement, OFITS, Tanks available for, carriage of Oll in Bulk.“ Space for refrigerated carro, Limited Passenger Accommodation

BRITISH INDIA S.N. CO., LTD.

"SIRDHANA” due 13th May from Japan.

all 14th May for Singapore, Penang.

Rangoon & Calcutta from" Japon

“FULTALA"

dus "ath June

salle 9th June

11

"SANTHIA"

for Singapore, Rangoon & Chimgong

due 20th Juno from Calmatta, Rangoon

& Straits

anila 14th June toř Fápan

P. & 0./B. I. JOINT SERVICE

INA"

"ORDIA"

"OZARDA”

CEB

7th May from Karachi, Bombay,„,

Cochin, Colombo

ails 8th May due 12th May

'nin 13th May dne 38th May sails 19th. May

Straits

for Japan

from Kakinada, Madras & Straits for Japan from Japan

for Singapore. Penasaz Madras. Kierzchu, Ban rah. Abadan. Khorram-- shahr & Kuwait

EASTERN & AUSTRALIAN 5.S. CO., LTD.

"EASTERN"

Que 15th May salls 10th May

“ARAFURA” **

due 24th May anils 25th May

from Japan

for Sandakan, Brisbane, Bydney, Melbourne de Adelaide

from AustralÈM for Japan

All vessels have liberty to esïl at any ports on or off the route & the route & sailing are subject to change or amendment with or without notice.

For full particulars apply to:- MACKINNON, MACKENZIE & CO. OF HONG KONG LTD. Telephone Nos. 27721-4.

EVERETT

LINES

EVERETT ORIENT LINE

Fast Regular Freient Refrigerator Passenger Service Loading for Singapore, Penang, Mangoon, Calentiá and Chittagong.

"REGSVERSTIS

"NOREVERETT"..

"BRADEVERETT""

-“LENEVERETT"

1 Arr. June

June 23

-July 5,

Safts June 2 June 24

- July 8 July 20.

July 21 Loading for Kebe, Osaka, Nagoya, Yokohama,

"NOREVEZETT"

"BLADEVERETT

"LENEVERETT":

“REBEVERSIT“.

ATT. May 27 - May 19

- June 2

-June 23.

Ja 24

-- July: 23

July 24

LIMITED PASSENGER ACCOMMODATION. A All the above subject to alteration without naties.

EVERETT STAR LINE

FAST REGULAR TREIGHT REFRIGERATOR". SERVICEZ Loading for singapore, Part Swettenham, Madria,” Colombo, Bombay, Karachi & Persian Gulf Port.

THAI"

Art. May : 18 38afla Jime 1603 pm "BTAE ALCYONE" -

LAON MERAH July 5 "ÉSTAR BETELGEVEE? —— July 20 AUR 35 STAR ARCTURES

· July

Loading for Kobe, Omaka, Nagoya, Yokohama,

Ang Mag' 15

#STAR ALCYONE".

YSTAR BETELGEUBE”

**STAR ARCTURUS”!!

HTHAI"

-- July 30201 pm jan 2 ther LIMITED PASSENGER ACCOMMODATION All the aboys subject to alteration without notier

EVERETT STEAMSHIP CORPORATION S/A (Incorporated in the Republic of Panama“

with Limited Liability) X Chinese Department: Telephone: 28293;

Queen's Building, Telephon

31206