TRADE
THE CHINA MAIL, FRIDAY, MAY 4, 1956.
and
COMMERCE
SECTION
SHARES MARK UP NEW GAINS COLONIAL DEVELOPMENT
BIG DEMAND FOR
WHEELOCKS
By A Special Correspondent
With the market dull but forging quietly to Wheelock upwards, the spotlight turned on Mardens this week and with speculators active it to the share put on another 15 cents to carry $8.85 at the close of business yesterday.
Frovident HK Hotels
Humphreys NIK Restly
170 8.35
WORLD
COTTON
MARKETS
New York, May 3. Cotton futures trading today flattered out follow
CORPORATION SHOWS A PROFIT
London, May 3. For the first year since its birth in 1947, the Colonial Development Corporation has reported an operating profit.
The
£113,100.
Agure-for 1933-13 ones begun last year) in Easl
★ The Share Market At A Glance ★
Up or
HK Bank
Apr 5 1600
Apr 12
1085
Apr 19 1080
Apr. 26 May 3
down
Lombard
58b
59A
1675m
40
Union
0700
3806
200
990b
*1670
40 090
-$5
steady
steady
Underwriters
8.906
Un
Оп
9n
steady
Onildn W'bost
19
10b
20.16b
20.500
+400
Wheelocks
8.30
8.45
8.70
8.85
+100
NK Wharf
736
714x1
70
76
50b
AK Dock
344
3014
3014
3714
STE
+500
13.20b
13.70
13.80
11
13.80
200
14.20
13.00
13.80
13.80b
13.80
steady
HK Land,
01
014
61
6214
0372
+*1
17.60%
17
17349
17.401
17.40
steady
1.45n
1.473
1.4250
1.476
1,50
+2140
22.80
22.00
22.50
22.00
22.80
+200
1950
1808
131n
130b
132b
+$2
103
101
101
103
103
teady
22
22.20
22.40
22.60
22.80
+20¢
Ch Lights (7)
1014
10.40
19.70b
10.70
18.00
TA
+200
Electria
20.80
30
20.70b
3011
31
+750
HK Telephone
22.60
22.90
22.60b
20.75m
23
+250
拌
from
34
34
3314
36
SELA
+250
Dairy Farm
17.10
10.100
16.20
16.30
A.S. Watson
11.20
11.20
+100
11,10
11.20
11
200
Lane Crawford
340
34n
34u
34n
34n
Bleads
1 to 31 point. New Orlentis peration said the most important
fact closed up to 19 points,
the report was emergence from the red,
in
the
Yangtze Allled
6.50
0.50
0
6.00
4.75
+150
6.10
5.10
6.15n
5.40
5.45
+50
63 Projects
HK & FE by
11.10m
11.309
11,308
11.20
11
-20c
Textle Com
5.26b
5.20
4.25b
5.45
Nanyang
1.40b
7 b
7.80
8%
More than 115,000 shares have changed hands
in the last three weeks and the price has risen by
60 cents since April 12.
the market was maßeing at this This week's activity is us. trated by the turnover of alustettiine last year under the influx
mobey bougeant 50,000 shares, the biglent as the of Just Three werks. The price Southeast Asia but if the trendh has been hovering around $8 85 continues upward,
and $8.90 and if inferes En
15
"The Chairman
the Colony yesterday
short visit to Japan Ba Trop has touched off speculation Bue market - but apart freon! fronk guesses that it is to do
with the Japanese Joana bitle
shareholders
will
likte. hove
To complain
about.
Here is a day of the week's
market movements Friday:
Gulet conditions, steads
undertime
TO $520,000.
Steady with a few
fractional
T/O $580,000, Stres
tina's
likely
x*x that it
14k
will it should
44 S9
pony, Mr. E
ut the Marden
left!
Monday:
AÀมเส
Tursday:
ilter
is known about the rem
for
firmer SITIO OD
Prets TO
11.
Wednesday: No
Th describesl
Company
this mottag Jordnare bas
**
1'
lady. $610,000, Free steady
TO
TO
No
feature
SABO OIKI
United Inenth.
Inter
this i
The visit will only be a short
| Tharutu Mr for I understand that Barden will be leaving for the
King
Amalgamated Active
Another share that has
active bla རཱ༔ དཱ༤ཐཱམ།
gamated Rubber.
Was
Amal- More Than
105.000 shares changed hands.
and the taetwetv
price fluctuated $1 475.
$135 and
$1.425. Last week the turnover “
in this share was 120,000.
The rubber nurket has been fairly quiet and closed slightly fugler on the week. There
wan
one particularly heavy day of selling, following uncertabity on the Singapore market, when 90,000 Amalgamateds were sold and the price fell to the week's low of $1.35
the
netivity Outside of this market has
ben fairly quiet, amall Price changes have been
as the adjoining panel gizwa wys
and the volume of business kas
been ustain
light $3.31
sentiment
TODAY'S
SHARE PRICES
IIK Trams Star Forry
Yaumatis
Cr Lights (a)
G.. Ceme
15.70xd
Wall Street Stocks
Restore Losses
New York, May 3.
Stocks restored the loss in valuations
6.40b 7.80%
-200
WORLD
RUBBER MARKETS
New York, May 3. The No. 1 Rss rubber
of the past two sessions in an advance fatures closed today 5 to 15 paced steadily by rail shares today.
Rails ran up gains ranging to more than 3 points to lift their average to new high since October 11, 1929.
Motor, aircraft, chemical and oil stocks paced Industrials (From Our Correspondent) which added $1.25 on average.
Trading volume totalled 2,- Business done on the Hong- kang Stock
this 640,000 shares Exchange
compared with moreung amounted to approxim→ 2,440,000 yesterday alely $500,000. Noon quotations and the morning's transactions;
SHARES BUYERS SELLERS SALES
BANKS
HIK IRIX
ANIM
1665 1675 100 » 1670
230
INSURANCES
Union X
это
12 M T
SHIPPING
Asta Nav.
1.20
1500 1.2245
DOCJES, Orc.
K. Whart
201
#re
Dick
37%
75 01 100 38
Provident
13.00 13.00
million against $3.59 million the previous week and $3.17 millio the week before.
On the weck, 18 issues
higher. six Jower and seven steady on the week.
Utilities Higher
The undertone has kept very stendy. I understand that serip which has been short at times
All with
has helped Ullities.
the exception of Yaymalin show small rises.
Buying rates for Star Ferry $2 this week. advanced
This
may have something to do with wishful thinking in the market about Government's attitude to the tunnel
project.
I learn the report is due very shortly but I have not
(nor,
heard
I bellevo, have those most interested heard) what the
pert committee's
tion is to be.
ex-
recommenda-
Yaumalis have kept quietly steady at $103 700 shares changed bands yesterday.
Wharves' Gain
$2
Wharves put on another this week to close at $80 buyers it This means (unsatisЯled). has risen $8.50 in three weeks. Reasons for the rise are. ng I mentioned last week, the better than expected balance sheat and the recovery in the company'a position which the figures in-
Apparently come
dicato.
Lord) Wireback
LAND, ETC.
Out of
issues Jotal 1,203 traded, 585 were higher, 396 lower
The market was declining in sessions. the previous several Tothy's recovery was helped by several favourable developments including optimistle statements by the Secretaries of Commerce and Labour who hinted at easier money, by a glam Armed Force ¦ appropriation coming out of the House Appropriadon Committee and by the continued flow of 7.65 800 2800 @ 885 favourable earnings and divi- dend movs.
M
IIK Hotel .. 13.00 13.99 3500
11K Land
S'hot Late
RUBDEN
30€
13.00
1000 500
1740
Rubber 1.421 1.4315,000 / 142 Trust.. UTILITIES
Tram
22.79 22.00 600 & 21,80
132
JOI 2024 100
Star Ferry 102
..... 22.50 23,10
You C. Light
10) XD
C. Light
(N) KU Electric
Ht . Telephone
INDUSTRIALS
Cement Rope STORES, ETC.
Dairy Watson
COTTONS
10.00 20.30 300 a 19.50
3036 31. 10.00 20.10 1431 20 23.00 23 650 er 22.90
33 38% 4100 e 33%
14.50
18.10 10.30 2500 e 10:30
200 620 10.00
Texties... 0.40 $.45 Nanying MiscELLANEOUS
Yonglaze
Allind 1.K. & F.E.
Invest
7.40 -
0.66 0.80 1000 a 0.74 .. 5.40 $3
11.2 500 $1
Singapore
Stock Market
Singapore, May 4. Brokers today quoted the fol think the lowing stock pricés:
company stands to get most of the Canton trade coming to the Batu Lintang Rubber Co.
Colony
Ltd. via irain if a through | British
service is arranged.
if
do not think this trade
Firils were given an added lift by
of record freight report loadings. Grins in the ralis ranged to 3 points or more in Louisville.
Chrysler touched a new low at $66%1⁄2, off nearly a point early in the session but moved up
later in the day.
New York Stock Exchange bond volume was $4,420,000.
American
Stock
Exchange volume was 1,350,000 shares,
Dow-Jones closing Bverages
Int Harvester International Nickel International Paper Int'l Tel & Tet Joba-Merville
34 DA
144
Co.
DO
Kamin C. Power & Light
38
Kennecott Copper
13322
Liggett Moyers Tob. Co.
091
Lockheed Aircraft
45%
Loews incory.
Lone Star Lament có
21
7812
Louisville & Noshville R.
23
1303
9214
Larvendin e Sona,
Merabt Iron Corp. Minnesota Mining Montgomery Ward Motorola Inc. National Cash Reg. “A National Lead National Dairy Prod.
National Steel Corp.
New York Central Olin Mathieson Oils Elevators Owen-Illinois Glasa Pacific Gas & Elec. Preifle Western, où Pan American Airways Paramount Pletes Parke Dots Co.
Penny J.C. Co.
Perm. Salt Co.
| Philip Morris
Pittsburgh Plate Clans Publicker Industries Pure Oil
Radio Corporation Republic Stenl Reynolds Metal Shell Oil Co.
Saint Reg. Paper
53%
1016
4812
points higher with sales of 126 contracts.
The slanderd' contraet closed 10 to 20 points higher with no males reported.
Apart from exchanges of can- trucis for physical rubber, which made up just about half of the entiro turnover, the terminal
market Lacked u turo.
special
fea-
Shipment offerings were loss plentiful than rtently but con- Úinued to be held at prices 0177- attracted to local buyers.
Factory business remainke slack in delivered rubber, with
spot No. 1 Has quoted domin- ally at 30% cents Fu pound, Fatures:
Ing a short-lived buying But It niso announced a
account spurt at the opening.
"special fosses"
of £8,020,441--of which £6,260,468 was for "pre-1951 cornmitments rashly
badly undertaken, | managed, or abandoned wholly for in part"
Initial gains up to $1.55 were cut in half until just before the close when prices steadied again en day trader covering.
Fiant range was 2 lower to 21 Mr Hubert Natcombe Hume, higher, Opening prices were up deputy chalman of the cor-
Two factor generating the | initial demand were 1. Over-
night strength at Liverpool; 2. News of small sales at higher |- prices ou > the Government's surplus 9 4.
and West Africa, the Caribbean, the Far East, Central Africa, and High Commission territories (Becharanaland, Swaziland, and Basutoland).
It tells of the corporation's interest in mining, rondworks, housing, tobacco, cement, fim- der, cocon, and other develop- mente,
It speaks of the establish-
1949 ment
of a Falkland Islands meat freezing works us "R Sorry story, now an abandoned project."
It says: "There wan ATOSS under-estimating,
with "This enterprise," he said, "Aciency and delays in construc
frict-
tion, and it was clear in 1954 that the freezer could not operate."
now beginning to gain, which
frightfully important hap- pening from the point of view of the Government, the colonies, and the corporation."
In the first round of biking in the new programme to push cotton exports, the Department of Agriculture sold 10,187 baies oo big submitted Jast week.
He added: "The quality and Average price was 27.00 cents
the experience of the manago- a pound, bosis middling 15/16
ment has now reached a point inch at average locations,
where it is able to select the The
and to see price
about Was
right Investments two cents higher then generally ex-
that they are managed and pected, with some technicians operated In a way which is recalling that under the last profitable." sic
programume JA January
The annual report deals with when 1,000,000 bales were sold
Doubtful
Doubtful projects that remain · from
the early
days should mostly pull through "with good management and reasonable luck."
Last
words from Mr Hune: "Next year we hope to give you a happier report still."——
out of the surplus, the Anul 63 projects (including 10 new |London Express Service.
sale was made at 25.00 cents 靄 pound:
The Liverpool market, which had the first opportunity to net on the overnight sale news, scored gains of 45 to 65 English point
to
After the first buying spurt interest satisfied, market fattened out with more specula- tive accounts transferring atten- tion
tho faster-moving like
and soybeans markėts" vegetable oils,
May contracts see-sawed One additional de- narrowly.
Interest bales,
livery notice for 100 bales ap- peared totiny Open In May totalled 120,000
The certificated stocic rose 770 bales to 12,604 bales.
»
*
P.O BIELA PROB.I
COMPANIES
PENINSULAR & ORIENTAL S.N. CO.
PASSENGER/FREIGHT SERVICE
Leivéi London
Salted
23rd May
Dae Hongkong
*
Gotwarda "CANTON"
No. 1 Itsa
Month
Mny
July
30.00 30.30-39
Volume Open interest
*
"CARTHAGE"
May
10,400
120,700
**ADEN"
Juh
24,000
200.000
Sept
30,10
*
0,300
309.200
"CANTON"
Des.
29.75
Dec.
9,700
$22,600
Standard contract
Mar.
$3,300
120,300
May
7,000
179,000
May
30.00
July
500
100,700
30.25
Oct.
100
7,200
30.00
Total
63.100
1.800.000 bales
29.70
29.20
20.00
NEW YORK
Mor.
May
SINGAPORE
With conflicting reports about plantation Tabour
situation
Prices of futures closed today as follows:
there was less buying enthusiasm Spot 1727 today, and with overseas orders | May July generally below this market) October prices sagged after a steady December
There was however, March opening.
Co
55
Socong Mabiloft
South Puerto Rico Sugar
274%
Stdard Brand
43
no particular pressure.
Standant Oil of Cal, Standard Ol of Ind.
11014
Future closings were:
6115
6032
0770
·Sinndard Oil of N.J. Sterling Drug Co. Stokely-Van Camp. Studebaker-Packard Corp. Bwift & Co.
No. 1 rubber per lh. May · 874×80 June 8734-88
10 No. 2 rubber fer th. Mar
The market was very quiet
MAY
July
October
28th May
25th June
2011 June
29th July
10th July
20th August
Vis Southampton, Port Sald, Adeň, Bombay, Colombo,
Penang Singapore.
Leaves Hongkong Úne Landon
isi June
2nd July 31st July
Homewards "CANTON"
20th June
"CARTHAGE" ***SUBAT", "UANTON"
11th July
Singapore,
29th
August
13th
August
'24th September
Penang, Colombo, Kivumbar, Aden, Fort Bald & London.
* Also calls Hamburg, Rotterdam & Antwerp. FREIGHT SERVICE
#
*
30.70
*
33.85 32.44-45 32.00
31.03
*
“SOUDAN" leads 10th May for Singapore, P. Bwet-
*
*
NEW ORLEANS
Prices of futures closed today
July anquoted
E 404
No. 3
81314-06
14
No. 4
0315-0374
Texas Co.....
13702
Spot rubber undated
0734-67
as follows.
Tide Water Assh, Oil
T
Blanket crepe
81-83
WETE:
Spor
Twenty Century Fox Film
201
No. 1 pale crepa
107-100
May
3 Indutrials
14.00
Union Carbide
1771
20 Twin
178.01
L'alon Pacific Railway
1801
LONDON
July
October
United Aircraft
15 utili
05 40
TO
d's stocks
102.67
U.B. Gypsum
December
0012
U, B. Line Cu.
2
with spot quoted at 26 1/16 pence
Marci
May
40 bond
Comm. Future price index
15433
U.S. Rubber
per 1b. Prices:
July
153,44
11.8. Smelting
029%
No. 1 Res spot ...
October
410.10
U.S. Steel
81% Selement House term:
Warner Bros.
201
July/Sept.
Juno ......
50
484
United Press.
General markets, cit
basis, ports;
Ib, were as follows:
-253
Old contract
Conn spot price index Mondy's Index
Closing Prices
Aiden ine. Acy. Allied Chemicals ALDO M c. Allis Chalmers American Airline American Cable & Radio Corp. Americi Cyanamide Ca Am. Mach. Be Fdry American Metal American Amerting
Tel.
Arsarican Tel. & re
$973
ARRERES
Opening
American Job, Anaconda Copper Armeo Steel Armour
But even thila
Is 'sv, brokers Consolidated much.
Borneo Syndicate
Smelters Tin Ord. will Fraser & Neuve Litt. Ord.
Fr & Neave 7 cum.
Pref
Petroleum
Baldwin-Léiná-Ham.
4870
Baltimore & Ohi
Hendix Aviation Corp.
20/- $1.67
Benguet Conn
Bethlehem Steel
foeirut Airplan
$3.70
Harden (They Co.
Burroughs Add Machine
$6:00
Canadian Pacific R.
Hongkong Tia Ltd.
74
Care 13. 1.) Co.
$1.70
Cot. Tractor
7414
Dairy
Lunas Rubber Estates Ltd. Matayan Beqweries... New Berandal: Rubber Co.
Corp
Ltd.
amount to very
Wharves
scrip has been trungkong & Shanghai Hank arce this week this has also
given the share support.
ing Coty.
Cement has made another Kempus Litt.
this week.
small
Bairy
Farm is also fractionally higher.
The textile ecction did not do go well and both Textile Cor
Nanyang dre andi poration alightly lower.
The Prospects
00
This concludes the week's report, The prospects are that the
will market
continue on its prosent course mall wing small rises turnovers, Higher yielding shares
among.
Wheelocks should continue to attract aften llor over when the speculative Interest wanes though profit taking cap, be expected...
cm
Petaling Tin £10. Homes Hotel
Singapore Cold Storage South Brils Insurance Co.
Stats Trading
Birait Stearnship
United Engineers Ord.
Wearne Bros.
0.77. C. Financial Corp. $3,20
$1.00 13,83*
245
$1.40
$28.00
Chase Manhot. Bank Chrysler Motore Corate-Palmolive Co Commercial Credit Coumonwealth; Klee. Consolidated Edison Continental. Oil of
294.75) | Crown
$1150
Cuban Amar Super 7.30 Tiarop Alkali. 1978 Dow Chemiesta
Espone do Nemours Fatman Kodak
** xd † ex-all-China Mail Special.
Exchange Rates
Fl Paro National Cine
Ete ailroach,
Vanity Tinación Corp, General Electr Genre: Food
General Motors Gen Pal, Vili. Goodtiel (1) 684 Goodyear. The 663 1fryden Chen
Businowe we done in the local unometal exchange mark this moming at the following rates:- UB. dollar, (per: (1) storting notes (per 13 Australian notes (per, £1) ....
(per 100)
It is not a bright prospectroplate (per 100
compared with the meteoric rino
Irland Steel Co.
Westinghouse Electric
West Va. Pulp & Paper
Woolworth
London Market
Irregular
London, May 3. Stock on the London Exchange closed irregular today after support dried up on an initial extension of yesterday's advance.
Industrials
.but advanced, movement was generally res- tricted to individual issues. Dunlop Rubber declined on an 43% unchanged dividend announcés ment. Rolls-Royce arid Unilever 47% moved higher.
4012
Oils finished slightly lower
10 Dollar stocks, were mixed.
са
cal Favourable gold and dollar HOT: TEHOITO figures for the end of col | April witmulated early buying
of British Government bonds, 014 | but" support #itickerteshi fry the
afterhoor..
Asleader trend," in price|
helped arm the coppere
かいい
In the foreign, bood market
Cekniäni llóns coach on lack of
Contiharíkt madbort;
Uyited
Oct.Dec.
JarJMor
May .....
June
July
Estate crepe untquoted.
The
AMSTERDAM
quotation Wes
un-
changed since yesterday. It was quiet, United Press.
New York Sugar Market
*
35.40.
33.BT 32.42-43 42.50 3250
*
*
LIVERPOOL
Füfure closings, in pence per
May/June July/Aug:
New contract
*
*
tenham, Penang, Aden, P. Bald, Genoa, Mar seilles, London, Ham- burg, Rotterdam, Antwerp
"SOMALI *SINGAPORE"dus 20th May from U.K.
dze 24th May from UK.
With Uberty to call xi Belawan before or after Straits Ports and at Bombay it inducement offers. Tanks available for carriage of oil in bulk, Spare for retrigerated cargą. Limited Passenger Accommodation.
BRITISH INDIA S.N. CO., LTD.
1650 — A HUNDRED Yang or SERVICE — 1056. "SANGOLA",dɛe 15th May from Calcutta
Fails 10th, Mag for Japan
dxỡ 18th May
from Japan
sails 18th May Top Singapore, Penang
Rangoon,
Chillagung
Calcutta
P. & O./B. I. JOINT SERVICE
"ORMARA”
24.10
*
20.410
*
May/June
30,30
July/Aug.
27.03
*
Oct/Nov.
20.10
Dec/Jan.
28.04
Mar/Aug.
23.03
*
Egyptian Karnak
May/June
$0.50
SAO PAULO
Future closings, in cruzeiro per kilo were as follows:
May
July Oct. Dec. May.
"OZARDA" due 9th May from Bombay
- smile 812 May for Japan "URLANA” des 11th May from Japan
Balle 1218 May
for Borg, BOMBAY, Karachi, Bagrats, Khor ramshahr & Kuwait
duo 27th May from Bombay
for Japan salin 2011. May Ade 31st May · from Japan sails and June. for Bingapore Madras BOMBAY, Colombo,
"ITOLA"
"ITAURA”.
33.60
13.09
33,70
33.00
New York, May 3. World No. & auger futures closed today, unchanged to one point lower with sales of.34 contracts.
Domentle No, o sugar futuros
In the US the average price closed unchanged to 1 point lower with sales of 146 con- of 13/10 miduling cotton at 14 traeta.
designated, spot markets was Both
conía, Sales markets again ruled 35.44.
totalled traders quiet
awaited 11.074 bales-United Press, and developments in rowe pick-up in consumer buying Futuros:
· Contract No. 4 (world)
Bept.
July
3.30
4
London Foreign
Exchange-
Mar.
May
New York
-18... fol
Brankfurt
·Othmer “weré- ünéfilhgur
Haw York foreign exchange raten
Be Karacal
EASTERN & AUSTRALIAN S.S. CO., LTD. "EASTERN”, toads Lath, Máy ter Sandakan, Rabaul,
Belabene, Bydney Me bourne, Geelong & Adelaide
*"*ABAFURA” dne 25th May from- Australia,
All vemele have liberty to call at any porti, on ir off the rente, à the route à satfing are subject to change ar visad duket vettä, ör, deithirah natios.
Pour lyft particulaæt murdy tac.
MACKINNON, MACKENZIE & CO. DI HONG KONG HID Telephon: Mus: 9IDAN
•
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