1956-04-13 — Page 9

THE CHINA MAIL, FRIDAY, APRIL 13, 1956.

TRADE and

COMMERCE

SECTION

DIVIDEND NEWS HALTS RISE

Prices Turn Down

On Share Market

by A SPECIAL CORRESPONDENT

After a week of good rises the Hongkong share market turned down yesterday morning and prices closed lower but fairly steady,

HK Land

1

+$2

★ The Share Market At A Glance ★

Up or

Mar 16

TIX flak

1070

Lombard

566

Mar 22 1670

всь

Mar 29

Apr 6

1870

1600

Apr 12 1685

down

+$25

50b

Union

080

070

gron

970

9801

+$10

Underwriters

9.30n

0.30m

8.906

On

+100

Union Wboat

1714bxa

17140

174b

1714b

19

+$150

Wheclocks

8.40

8.20

8.40

8.35

8.30

HK Wharf

72m

72

72b

73b

71xd

+$234

HI Dock

364

32xd

3246

341/

3014

+$3.25

Provident

14.20

1280 sa

13.10

13,20b

1570

118 Hotel

14.80mxd

14.50

+500

14.20

14.20

13.00

300

G0xd

ao

0124

+300

Humphreys HK Really

180

18.10s

1734

17.60%

17

100

1.50%

HK Trama

23xxd

1.45 22.00%

1.400

1.45n

1.475

+240

23

23

22.90

22.40

-300

Siner sot have to pay commisshm to do your fastnes you mat as well get the bem-

of his expert advice.

hin

Star Ferry Yaumatis

1358

1260

138n

1350

130b

steady

105

1011

101

103

101

c'h Lights (0)

21

20.20

2144

22

22.20

+200

c'h light (11) Electric

18.401

17.90%

18.70

1935

19.40

20.80

28.80

20.70

20.80

30

-100 ++200

23xA

21.80

22.20

22.00

22.00

34

334

3414

34

34

steady

17.00

17.10

17.10

17.10

15.70xd

-300

10xd

10.00

11.20

11.20

steady

Lane Crawford

343

3425

340

34n

341

steady

Yangtze

6.05m

0.70

6.60m

6.50

6.50

steady

Allied

5.40%

5.20m

5.10

5.10

5.10

JIK & FE Inv

11.30n

11.30n

11.3011

11.10m

Textile Corp

3.35 7.458

5.206

5.40

5.25b

steady steady steady

7.40b

7,506

7.40b

Two dividends-Rope's and China Light's interim-did the damage.

noticed

China Lights unchanged 30 cele interim fr the old shares and

pro Fla for the aw This caused sharp disappointment and ads fell

cents on the morning call

Rope BTWOLNICENÉ dividend

which

H

Sn

50-cent helf last your's. Ja 1953 The Uvidend was also $1, in 1852, $1 75 m-

and in 105: cluding bonus)

$2 30 including tonus }

Other shares to register vestertlay

Wen

Landka

falls Wheelocks, i Youmatis. Trams, Elec

MARKET DIARY

Here Is a market diary show- g the Trend in the last week: Friday: Better inquiry. In- proved value. Ir-

1st well-sputad good demand Docks,

tries, Realties, and Metal In Monday: dustries.

TURNOVER UP

It is ncrespary in stute this al The outset because on the week the market is slightly higher Fourteen of the shares, listext in the adjoining panel were highes Jower than Jus! week's rates. Eight were steady!

KUNT

with

for

Lights

$2,020,000.

niment

China T/O:

Moderater activity. Pri

4-||-|18442. with Ele- tries, Chun Light and Banks Traction- higher TO

Cements.

Electrics In

$1,470,000

Tuesday:

Parees

higher Hote

fed Undertone

1842.00

TO

Steady

HK Telephone

G. Cement

Dairy Farm

A.. Watson

Nanyang

WORLD

RUBBER MARKETS

New York, Apr. 12. The No. 1

Ras rubber

The turnover is up sharps to: Wednesday: mehet Prices well futures today closed

elUw¢a

with

$7.31 mil $5 millions tri the eight day. following the Easter frels

arm

To Ching Lights' shareholders I have a little consolation--for what It's worth They haps in the market at a borsa isster later in the year

thing these were

If any strengthened

by yesterday's announcement of

an unchanged interim

the

This share has been extremely erratic in recent weeks as adjoining panel shows.

On Mar

8 they were quoted at $21.00, ou Mar. 15. $21, on Mar. 22, $20.20, on Mar 29, 521 and last week $22. Despite their 50-cen! full yesterday they are still 20 cents, up on the week.

DOCKS' PROSPECTS

Banks, Union

Among shares to do well this week wete

Unions, Waterboat, Lombardi Wharf, Docks and Providents. Earlier 121 the week Hotels. Lights, Electrica

Comenta and were prominen! #1 ilikeruzil times.

to

A word or two about Hotels

$14.30 on these declined from Tuesday $13.00 yesterday. Brokers feel there is not likely to be much activity in these shares until later in the year but they are certainly worth holding. |

Docks continue to do remark- ably well which la not sur prising after their excellent re- They port and balance sheet. show a profit of more than million out of which they paying the whole of their $3.50 dividend and bonus,

are

Thursday:

un-

New York On

Drop

11.30%

3.25 7500 +100

Stocks

Bank

Rate Rumour

New York, Apr. 12.

Tchanged to 5 points lower $917,000

with sales of 182 con-

Hesitancy in the face of a rumoured Disappointing divi

trad prices tracts,

increase in the Federal Reserve discount F26 TORBIK

The stanard contract closerl 11 the

after pont, lower rate-confirmed

the close-sent Hanks unetangen Wharvig well with sales of tws contracts.

stocks down again today. supported but Utali IRS

Makel SAR

TO closert stendy. $1.000.000.

Support

SETOR 7102021

TODAY'S

SHARE PRICES

(From Our Correspondent)

The

JE

move.

BC-

Price Calliet late

the

This

designed session, regarding to speculative į covering and new buying in the cording to Federal Reserve Jabeence of importunit selling spokesman "to discourago mar- ginal borrowers at a time when the economy

is close to capa-

pressurs

Int'l Business Machines Int'l Harvestor... International Nickel Int'l Tel & Tol...... Kawas C. Power & Light Kennetait Copper. Liggeit Meyers Tob. Co.

Loews Incorp.

The outer market remained city". had been widely antici- Lockheed Aircraft slow. Lacally. factory. buylor paled and discounted in the

reported almost anoncial

interest wi

non-existent

No

Rys

Was

community and was not expected to have loo RÉVÉRD an effect on the markel,

quoted at 322 cents a pound,

Agen's

fair-sized reported shipment offering of sheets froin Slain and Penang. but

mostly held

above a workable busi Reavier offerings of re- mills came from Indonesia, but few aules were reported

Fulures

No. 1 Rss

لو القوة الله

112 140

T

Noon

UTI quotations Hongkong Stock Exchange and the morning's transactions: SHARES BUYERS SELLERS SALES GovE LOANS

100% SO OD KA NO

Max

July

Next

Bec

ANKS

BK Bank

ISO 16:1

221

Studdard contract

May

32 그

Fuly

JAI

Mel

54,

!

The

3141 30.30)

Mo

May

SINGAPORE

Singapore, Apr

Bast Asia INDULANCES

Vadon Lombard SHIPPING

Waterlust póCKS, ETC.

K. What NO 25 Dock Provident 201 Wheelock

LAND. ETC HK flutel HR Lond

iumphreys

Realty RUBBER

A Bubber Trust Java

Earning prospects must be rated as good They have also got this year.

coming more than $6 million (unless part of It has been paid UTILITIES

13.00

35 40

10 # 8.40

08

$30

14 13.70

171

1,40 120

1525 1.07!

7022 Gi

100 15

11.90

12 The market continued steady un peliteal influence with sellers reserved.

Spot rubber untuled

Blanket crepe

Early market activity was on the upside in an extension of yesterday's recovery but tho advance was not vigorous and as the time approached for the Reserve Board meeting prices backend down.

Sharpest Losses

and

Olls, chemicals, steels metal showed the sharpest lusses.

Rails, however, held

again

of 0.70 with gains ranging to nearly 2 points in Atlantic Coast Line.

Turnover was heavier than yesterday totalling 2,700,000 chures compared with 2,440,000. Of a total 3,188 issues traded, 565 were lower, 363 higher.

In oily losses ranged to nearly points in Houston Oil. and Royal Dutch tell nearly each.

Gud

Lone Star Cement Co. Louisville & Nashville R Lowenstein & Sons. Mesabi Iron Corp. Minnesota Mining Mission Development Marmanto Chemical Co Montgomery Ward Motorola Inc.

National Cash Reg. "A" National Dairy Prod.

National Lead

National Steel Corp.

New York Central Click Mathieson Ot Elevators..

Owen-Illinois Glass Pacifio Don & Elve. Pan Americah Airways Paramount Pictures

Parke Davis Co. Penny J. Co

Penn Wall Co. Philip Mouris

Plusburgh Plate GMA

Tublicker Industries

Pure Of ...... Stadio Corporation Hepublic Steel, leynolds Melal Saint Reg. Paper Binelate Oil Boceny Mobial

South Puerto Rico Sugar

Standard Brands Standard Oil of Cal. Standard Oil of ind

Standard Oil of N.3. Sterling Drug Co. 2Btakely-Van Camp

Studebaker-Packard Curp. 26wilt & Co.

with

Du Pont lost more than unquoted points; Allied Chemical, Mon- sunto und Union Carbide around a point.

Motors were easter, Chrysler off nearly a point.

New York Stock Exchango band volume was $4,700,000.

American Stock Exchange

The market was steady with spot quoted at 27% pence per

lb. Price:

No. 1 spat... Settlement house tenni

| volume was 1,330,000 shares,

Dow-Jones closing averages were:

30 Indutrials

15 utilities

500.11

Texas Co.

Union Cabide

Unton Pacife Railway

United Afrcraft.

U.8. Gypsum

$1.5. Rubber ...

U.S. Smelting

9. Steel

Warner Bros. Westinghouse Electric... West Va Pulp & Paper Woolworth

74

WORLD

COTTON

MARKETS

New York, Apr, 12. Cotton future trading today held to the narrowly | irregular pattern of recent

sessions.

a

A smart opening rally lifted prices as much as 80 cents bale, but the rise quickly sput- tered while traders veered buck lo the sidelines pending new developments.

roflected Buyer cautiousness the decision to wait and see whether the President will sign, or valo, the omnibus form bill.

Hesitancy created by conjec- ture on that disclosure of Gov- ernment plans for the exporÍ sale of surplus rov cotton at competitive world prices, and the interim loan rate for the new стор

Producer lousn redemptions for the week ended on April 1 totalled 43,117 bales, making the Afth straight week of declining withdrawals. Now impourulings totalled 17,515 bales. The net stock of 1955

op cotton in Government hands totalled |0,331,849 bales.

The certificated stock tolalled 11,152 bulcs, an increase of 234 bales from the previous posting.

NEW YORK

Prices of futures closed today in cerris per 1b, as follows: May

30.00n

39.77

33.52-33

US Banks Raise Rates Today

Washington, Apr. 12. Eleven Federal banks will take their Intermui zato: tomorrow in & HOW

against Indationary

pressures.

A tremendous' busineRY rate and record borrowing fevels of contumer credit have exerted heavy pros- sures on the economy, for- cing some price increases In recent months,

Federal Reserve banks

their moved

rates from 24 per cent 24 to Minneapolis and San Fran.

ciwoo pashed their rules from 211⁄2 per cent to 3 per cens making the highest

lovel prevailing

£

Page 0.

New York Sugar Market

New York, Apr. 12. Worki No 4 sugar futures today closed 2 points lower

to 1 point higher with sales of clight contracts.

Domestie No. 6 sugar futurea closed 2 points lower to 1 point COR" higher with sales of 271 tracts..

World futures trading lacked special feature, whille trade buying orders predominated in the nearby domestic deliveries. In world raw, dealers under- stood the leading British refiner sold 27,000 tons of refined to Norway.

with the possibility that an extra 10,000 bo included.

that

tons may

Assumption was

the refiner WOR fully covered on the raws needed to All the volume confirmed thus

Futuros:

Contract No. 4 (world)

3.27

mid-1934.

Only Chicago, directors of which did not

since

tho

for.

May

the

meet today, is holding for moment at 24 per cent. However, the Chlengo Federal Reserve Bank

follow expected to lead of the other banks and false tia discount rate KOGE. -United Press

July

Eopt

Oct.

March

May

the

July

Ropi.

Snot-(centa per ib. Tob

Cuba)

3.27

Contract No.

May

0.54

July

4.00

a

Sept

Rev.

5.01

Sput-century b. cif NY

rx-duty)

6.63

United Prens.

New York Foreign

Exchange

New York, Apr. 12.

$1.00%

Canada England oficial

30-day futures 00-day future

-

Austratio New Zealand South Afrien India

Pakistan

Others

Press.

were

2.80-11/10 2.701

CHICAGO LARD FUTURES

Chicago, Apr. 12,

Prices of lard futures closed 2.78Th Today in cents per. Ib. ns follows:

2.70-15/16

2.24-11/10

2,81-3/16

2107

2100

May July Salember Gelaber

unchanged -United

13.27-30

13.72-75

14.12-18

14.036

United Pres.

P.OBIE.A

COMPANIES

October

December

37.71

March

32.50

May

3442

July

31.73

49615

33

子

interest at

40

153%

Troding in volume and open the New York Exchange today were as follows: oa Month

Volume

Open interest

406 May

10,200

301,000

22 July

$1,000

$10,000

4.

13,300

151,400

90% Dec.

2,000

114,300

Mar.

0,000

104,300

May

4,000

114,200

July

$1,000

Total

114,100 1,042,000 balen

LIVERPOOL

Outwards "CHUBAN"

Leaves London

Dus Kangkung

1312 AUTO

Cotton future

closings, โต

"CORFT"

30th April

"CANTON"

29th April

28th May

23rd May

28th June

United Press.

17040 CHICAGO GRAIN

00.57

Futures:

No

! rubber ver th

April

May

023 1212-00

June

210

No.

rubber per

Apr

02-02!y

No

rubber

per

recently) from the Hunghom land sale. And now market talk of another land sale -this time in Aberdeen.

there

is

C

23.40 22.70 10007 » 22,00 Tran

1300 22,00 Star Ferry...

101 20 100 100 Y'mat! Feeey

100 100 Light (0) 23.20 22.40 100 220 100022210 G. Light (N 19.40 19.60 1000 10.00 Electric

.. 20,00

No. 4

rubber

рет

April

914-02

90-91

No pale crepe

927-03' #9-88

La

LONDON

30 2000

!!

10.80

20 270 18.00

Macao Elec

10: IN)

$1,00

20 ralla

8.40

271-276

Telephone

22.80

20

423 40 23

03 stocks

179,43

.. 12. 12DO

May

273-273%

40 bonds

97.84

|

804 6 12.40

June

2-2

Comm. future price index,

154.71

3201240

July/Aug

Out./Dec

34

Jan/Mar

2024-287 2011-201 20-20

Comm, pot price index ... Moody's index

104.00

420.00

100 4 1.85

1725 15.70

11 20 11,30 34%

3.30 0.40 7.50

5.10

April May June Estate, crepe

201-274

Closing Prices

2014-2011

unquoted -United Press,

Alden Inc. Acy.

$ 20%

Prices in grain futures were weak today on the Board of Trade, with increased selling after early morning quietness.

Allied Chemicals Allod Milia inc.

12014

All Chalmers

09

American Airline

24

3515 A decline which carried most grains to the day's lowest levels

American Cyanamido Co Am. Mach. Hệ . dry. American Molal.... American Smelting Am. Sugar Tel American Tei & Anaconda Cooper Armed Steel

75

34

1093%

Armour

General markets, elt basis, ports:

་

Brokers think another good! bonus is possible.

YAUMATI PROFIT

On the subject of pronis, Ferry Hongkong and Yaumati disclose carnluge of $3,007,874 which is about $1,000 less than the 1934 figure. The directors' plea for an early announcement of Government's intentions

A

INDUSTRIALS

Cement... KIJA Metal Indust 150

the cross-harbour tunnel scheme STORES, ETC. 15.70

Dairy XD should receive general support : Watson

L. Crawford though a director of a rival con- cern has given the comintitee COTTONS

Textile Corp considering this subject a Uttle Nanyang more to think about.

MISCELLANEOUS

Allied

With the Increased turnovers

"G!!!" this week, the

section came in for some good support. Banks closed up $25, Lombard,

up $2 and Unions up $10.

Singapore rubber prices are slightly better this week with

the closing price at 92% Strafta

Singapore

Stock Market

Singapore. Apr. 13. Trokers today quoted the fol- cents a lb compared with 60%lowing stock prices: inst Thursday. Amalgamateds

Opening have risen slightly as a result, Batu Lintang Rubber Colid. $1,00*

Petroleum British Borneo What are the prospects?

Syndicate

40/- Earlier this week I advised a Consolidated Tin Amellers

Ori. friend not to buy just yet.

Ztd, Ord. Fraser & Neave a 27/cd

$1.Ad

$0.70

wasn't being deliberately bearish Fraser & Neave Lid, but I think this post-Easter eum, pref.png

Hongkong & Shanghai Bank soon may dwindle activity and prices will probably settle

ing Corp. *U**

Tin Lid,

NEW YORK METALA Cable & Hadio Corp.

FUTURES

New York, Apr. 12. Prices of metal futures closed today in cents per lb, as fol-

London Tin Market Crown Zellerbach

Lendon, Apr, 12.

The tin markot was quiet but steady today. Spot rosa 4 and 3-month to £767 and 700 respectively.

down at lower levels. But on Kempse

hold on to them unti nearer mid-year

id 01.02 the other hand if I had shares Lana Rubber Estates Lad... 0.77. $3.25 which I intended celling I would Malayan Brewerie

New Berandah Rubber Co.

$1.65 $3.97

Hongko*******

when I think better Petaling, Tin Ltd.

Names Hotel- Singapore Cold Storage South Brillets Insurance Co.

31.41

Spot buyer

837,00

or State Tracting

30.00

btainmen

United Engineers Ord.

Bernabl

$11.8

b-month buyoTS

$5.10

wellers

#1

Waurne Drow

prices will be offering.

This is my own opinion by the * LAG.

way.

II you wanf 'to buy

yourite

voll sharps, don't act on hunch or mine, but consult

broker first.

Turnover was 23 foru

Dubai Amer. Sugai Dimond Alkali

|Down Clerucale Pr

Dupont de Nemours Eartman Kodak,

21 Party National Cas Erie Rantoad......................... Family, Finance Corp. Geners), Kisetrie

General Foods

700-0) Kleduck) | ndotoru

Qados, ategaets, Chemical

Ingerwoll-Fland

United PresK/

Inland Steel C56;

· Inbarotannical Corp.

44.357

Benguet Cons

Hethlehem Blcel

T. Financiaí Curp,

MARKET

Chicago, Apr. 12.

was led by new crop soybeans. The possibility of farmers plant- 304 Ing large soybeans acreages this

year was a factor.

00

Wheat closed off % to 2%

10 cents; soybeans up to off 3%

cents. Futures were:

3,200

pence per lb. were as follows:

Qid contract

May/Juhe July/Aug New contract May/Jupe July/Aug.

Oct/Not.

Dec/Jag

Mar/Apr

Egypilan Karak

May/June

NEW ORLEANS

PENINSULAR & ORIENTAL S.N. CO.

PASSENGER/FREIGHT SERVICE

"CARTHAGE**

Via Southampton, Port Said, Aden, Bombay, Colombo, Penang & Singapore.

Leaves Hongkong Due London

19th April

30.45

26.13

20.10

71.40

23.70

23.45

15.30

Bomewards **CHUSAN”

30.75

*

"CORFUTM

"CANTON"

*

"CARTHAGE"

Prices of futures closed today

In cents per lb. as follows:

Spot

May

July

Oct.

Bec.

Mar.

May

July

*

33.00 23.74

2156-15

33.01

32.00

29.08

31.79

United Prea

LONDON COPPER

AND LEAD

London, Apr. 13.

Copper, zinc and lead were all sleady today. Quotations closed in sterling per long ton

follows:

Copper spot tryers

business Copper 3-month buyura welers

balnem Turnover was doo tom, Lead lat half Apr, buyers

Jst half Juky buporn

Zine 1st halt Apr. buyers

1st half July buyers

-Uribed Premi.

London Wooltop

Market

*

06

London, Apr, 12. Wooltops futures market closed barely steady with a turnover of 35 lots.

Closing prices were

May

July

September

October

December Jostuary March

Lead

Tin

Aprit May Apill

10.30h

100

10.000

Barden (Tha) Co,

$1,70

Burroughs Add Machine

Wheat, No. 1, red Spol

May

07.100

Cat. Tractor

Got

May 23716(1) 23911)

Zine April Copper April

1a.jdb

Corp.

37

July

12170

45

Beptember

Cinsing prices

24015 *3094-14 2114-2

Chase Manhat, Bank

40

November

January

May

40.55b

Colgate-Palmolive Co.

United Press

Commercial Credit

4072

Corn, No, z. yellow

Commonwealth Elec. Continental Oll of Del. Crane Co.

414

Spot

1471

110

May

July

September November January

May July September October

MAY

13034-1323%

GA

July

40

May

July

2419 Boyseni, No. 2, yellow

90 May

apot

2001%

1 November

spot

$140

8:13 SOLL

106-10892 100-1001

1024-10334 1021-103 1033-103

4th May

1st June

2911 June

Penang,

Via Singapore, Port guid à Landen.

*SUNDA"

"SOUDAN"

THE MY

4th June

2nd July

1st July

Colombo, Bombay,

Aden,

2k Also calls MARIEILLES, FREIGHT SERVICE

loads 20th Apr.

For S'pore, P. Swetten- Aden, Penang, ham, Port Said, Alexandria, Marseilles, Genoa Havre, London, Ham burg. Rotterdam Antwerp

due 20th Apr. from UK, Kalls 2286 Apr. for Japan

With liberty to call at Holzwan before or after Straits Ports and at Bombay if inducement offers. Tanks avaliable for catridge of oil in bulk. Spree far refrigerated cargo. Limited Passenger Accommodation.

OP

BRITISH INDIA S.N. CO., LTD. 1850 - A HUNDRED YEARS

"FULTALA" sails 14th Apr.

"SANTIIIA" Jails 24th ADI.

SERVICE -- 2050

for Singapore Pang, Rangoon,

Chittagong

Culeutia

for Bingapore. Penang, Rangoon & Calcutta

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

"BUBADAE” salle 10th Apr.

"ORMARA" due 28th Apr.

"ITAURA"

"TTRIA"

“UMARIA”

rail 2511 Apr.

dne 28th Apr. Kails 2002 Apr.

dur 29th Apr. BRAS 2013 ABT.

for Singapore, Madran. Colombo & BÚMBAY from Calortia

for Japan

from Bombay & Karachi for Japen

from Japan

'pore,

BOMBAY,

Karachi, Basrah, Khor- Tatimbr & Kuwait dae 20th Apr. from Japans malis 1st þíny

for Bingapore, BOMBAY, Karachi & Bhavnagar

EASTERN & AUSTRALIAN S.S. CO., LTD. "NANKIN"

tonda 15th Apr. for

Sendakan, Rabaul, Brisbane, Sydney, Mel- bourne, Geelong & Adelaide

"EASTERN” due 17th Apr. from. Australia

All vessels, Žave liberty to call at any porta on or off the route às the reate & saling aro subject to change or amendment with or without notice.

Exchange Rates

Duntroon: was done, tri the logi tinofficial WITCHMOJOW market Yearning At the following ratest

U.S. Oplier (per 81).j

Blerlin ́t notam (DRE(21)- Auftraliga" "votes" (per

UYM

Indonesian rupiah. për 100)..

Riem tiek pm:3005 Vi Emenpors titraist)

For full particulars apply thi MACKINNON MACKINZIL & CO. OF HONG KONG LID. Telophane Now: 27701 4.