Page
TRADE
THE CHINA MAIL, FRIDAY, JUNE 22, 1956.
and
SHARES TACK ON $32m: OVERSEAS CAPITAL AIDS HK MARKET RECOVERY
By A Special Correspondent
Further good gains on the Hongkong share market this week added about $32 million to the values of listed stocks.
Utilities led the advance with China Lights, Electrics and Telephones rising to peak levels.
Share brokers report the rise has been assisted | by the investment of Chinese immigrant capital which is believed to be entering the Colony at the rate of about $30 million a month.
Tarnover is up sightly from $6.64 million to $6.8 million which is one of the highest this year.
Electric Dividend
HONGKONG STOCK EXCHANGE
¡From Our Correspondent)
Busine
C
to
$800,000.
Noon
the Hongkong The Hongkong Electric dividend news ($1.10 interimstock Exchange thE morning on the olds with the prospect of a 90 centa Asal--20 cents amate
a U morning's better than the company's own forecast in February) was quotations well received by the market, but it is doubtful whether set long,
Byers Sellers
it added very much momentum to the rise in utilities.
The shares rose 50 cents in the morning 10 $33, and they stayed at that price throughout the afternoon.
then the
Sharry HANKS
Tak Berk
Salct
12 1700
jana Kent
INSURANCES Unston bombard
444
1770
40
125
1000
+300 ur 1:30
194 195
200 u 0415
$14
M
itsmisk
Dok
MW% got around Jone of the highest daily Turn SVING, the market in the morong, but over of the year # think the
market even without it
undertone IS DOCKS. EN shores would have riset
Estesage to Amu and my guess is K Wharf
11- we shall see•
rise theit pr dual stages Hill appear LAND, EFL
profit-taking. | 10 futer Frat Is shunkel not affect The
terdvang
saf the Holly
ar
Electries at $33 peal as all price 11t Thum equivalent eums 11 Price Wortije E be about $40 which Win dat Eiretal's best ever.
Telephones are at 5323, up $1
.
inarket
43
The only unknown factor
on the week, which is thirr besaj the rate of investment. As j
ex all price.
יוידין
ל
214004142
2000 14.
ZUKI or 14.40
COMMERCE
TAX DEPT
NAMES
HIGHEST
EARNERS
RUBBER
SECTION
BILLION
Page 9 A
RUBBER BILLION DOLLAR GAIN AROUND THE
WORLD
Singapore, June 21,
The market fluctuated
Tokyo, June 21. rowly throughout day and
BY NEW YORK MARKET
New York, June 21. Stocks added more than $1,000 million to
The Bank of Japan was cloed stenciler on what appear market values on more active trading today with LONDON
and rails.
the hation's Lop moneyed that there was some buying some good features in chemicals, steels, oils, metals earner the second half of for oversens, 1955 with 7,158,000,000
#
yen
lob
total
There was litio factory buy- of
ing and better enquiry for (about lower grades, Future closings US $20,000,000) the Tax were in Stralis cents per Administration Agency an- Malaya ports: nounced today,
No rubber
July
Income tax returns of Japan's No 1 rubber July business firma totalled 97,973,- No. 3 rubber July 000,000 усп
Increase prio in
Spot rubber unbäled
(US $272,150,000 bber July Over the samo tanket crepe.. 1054 of 1,200,000,000 | No. 1 pale crepe yen (US$3,300,000).
of
The top three after the Bank Japon were Toyo Rayon, 3,826,000,000 yen Russ cume (US$10,000,000), Japon Trans portation Company 1,822,000,000 yen (US$3,000,000) and Yawala Steel 1.433,000,000 you (US |$1,000,000).
Completing the top ten were Kansui Electric Power Supply. the Fuji Banık, Fuji Steel, the Sumitomo Bank, Tokyo Electric Power Supply and Oji Paper.--- Unllet Presa.
SINGAPORE
SHARES
Volume picked up to the best level since June 12, totalling 1,820,000 shares, compared with 1,670,000 yesterday,
645-047% Measured by the averages, lending groups were t their beat levels in a month, with industrials up 8.26, rails up 1.48 and utilities up 0.10.
43-944 013-33%
701-7735
044-0015
7745-7796
102-104
LONDON MARKET
London, June 21. The rubber market was firm 25-3/10 with spot quoted at pence per lb. Prices: Settebent house fern:
No spot
July AUR Sept.
July/Bept.
Out/Dee
Jan./May,
Apr/Jutre
25-20%
2536-2321
2016-201
2316-201
2455-244%
General markets, cit kada ports:
June July AUR
Ertate repe
With June and July
Wilck June and July
MARKET FIRM
Bursta
London, June 21. of speculation in oil nod goldi shares brought A cheerful tone into London Stock today and
There was some profit-taking in the late dealings but Exchange dealings the list nevertheless closed on a firm note with few de-am note,
the market closed on a generally
elines of any size. Out of a total 1,119 issues traded, 626 were higher, 309 lower.
Arturo was a late fenture in the
steels, running up 11⁄2 points on
turnover. Bethlehem added . US Steel
point.
Sinclair Oil
Socony Mobiloil. South Puerto Rico Sugar Southern National Gan Southern Itallway (Com. Standard Brands Standard Oil of Cal,
| Standard Oil of Ind.
In chemleats, gains rouges to Standard Oil of NJ.
2 points in Du Pont.
Tide Water Asan D11
Grains in the gold svetlon ran
10 35, while Royal Dutch strong oil group,
Advances
A 054, featured
an
adding 7/0.
23 other cile
30
tumung
ranged from nine-
435 prace for Trinidad to nearly
30% 3/- In British Petroleum.
512
3012
Blue-chip Industrials Armed
sat in quiet trading.
Gains
were
mostly fradional. Bowaters was
soft spot, Casing about 17-. British Governments got littic 61allentimm. They Lost samait 43 amounts, mostly around 1/3,
In foreign bonds, Munich and Cologne
Sterling Drug Co.
332
Stokely-Van Comp.
16
Philips stood out
In the
Studebaker-Packardt Corp
71
2016-2515 20-259
with a gain of nearly 2 points and Continental, Royal
wilt & Co
Texs Co
Dutch
241-251
and Standard of Jersey improved
Twenty Century Fox film
23
Unton Carbide
120
around a point each.
Kalon Pacifle Rathway
170
CD4
60
Japanese
30% quietly.
00
659%
ןר.
17
4574
Unted PreA,
NEW YORK MARKET
New York, June 21 The No. 1 Rss, rubber futures closed
points today 75 to 85 higher with sales of 121 con- travels.
The standard contract closed higher with
Rails Higher
Coppers met demand which ifted Kennecott 2 poluis,
Rails were bolstered on gains of around 2 poirals in
and Kansas Central,
Utilities moved In A ΠΑΓΓΟΥ range.
United Aircraft
U.S. Gypatum
U.S. Line Co.
U.S Rubber
U.S. Smelting
17.8. Bleel
Wamer Bros. Westinghouse Electric West Va. Pulp & Paper- Woolworth
*
Southern,
linois
Cly
15.30
no
渊 130
RUBBER Analy
TryA!
}';
153 300 1
1.50
139 vi
150
150
4-1130
100
LIND
Ukhr
al! price would y Just
the 14k
537%
before "ILITIES. Thele expulerit have sold many Umes
Investors and specula-Tram
At Ferry ters like a rising market,
And
Yanati the since they make
biggest Taght (the
Ex impact on the Hongkong change re hesitates to be Light (N) 2100 21 6e
1000 T 163
Singapore, June 22, Brokers to lay quotest following: stock prices. Batu nang Rubber co
the
05
to 80 points sules of 20 contracts.
11 12 1
30x40 24
Lkl
140 12
Flash Stanco
Petroleum
130 244, 24
M
113
Syndicates
Opening
$140
50/- xd
Closing prices:
No. F
July
30.70
September
29.40-49
zu 24 150
Excember
30.05
2002414
3800 un 24.00
Consolidated To Smieliere
Ord
Standardt contract:
*W/-
July
30.25
ZEM vi 21 Up
Fraser & Neave Ltd Ord
$1.70
New York Stock
September
20.25
Exchange
Fraser & Neave 7% cum.
March
21.10
bond volume was $3,300,000.
192
ไป
pref
Bonus
000 or 1134
May
20.50
FI
taking.
5 $1.00
Попк King
Shangtat
Banking Corp
3.085
July
20.00
Telepirate
De
ILLS 24 70
14 1210 14 10
$50 w
24.80 100 24,00
Hong Kong Tin Li
Kapas Lld
5/04 $1.70
Prices Locally followed the trend of Singapore-London and
Laman Rubber Estates in
(70
Malayan Breweries
$3.30
W
35
3
21576
New Sandan Rubber Co
Lid
$1.07
To
10 70 10.00 300 10,00 11 14
Petaling Tin Lad
$3.50
500
11,70
Battle Hertel
$2.27
h
D-40
11.00
Singapore Cold Storage
$1.43
COTTONS Textiles
South British
Insurance
3.30
D45
SDOO
5 40
Co Ltd
$30.00
but
Nanying Xu 7! ideon | INVESTMENTS Yonge Albert
kt ved
7 788
Á 90 3000 3.00
•
KAFE
Straits Trading
Steamship United Engineers Ont Weare Bros
Ex-div
SAS,70
3:1.83
23
$1.50
$2.00
20
120
100 11.40)
-China Mail Special.
Stock Exchange volume was 710,000 shares,
Dow-Jones
33 uttals
was influenced by reports of an improved demand for remill were: grades by one of the big factory
Ress No. 1 accounts. Spot!
Was quoted nominally at 31% cents. Shipment rubber also moved in good amounts, including three де ambers for July shipment
cents; four browns June of cents; one sheet June 20 cente; two shorts June 29 events and three shecto Jund at 28% cenla, ecet and freight.
AMSTERDAM MARKET
Amsterdam, June 21. The
market rubber
was steady. Prices closed today in Huilders per kilogram, cif July
No. 1 rubber
Comm. future price index 188.63
Com, spot price index.. Moody's index
Closing Prices
Americon
closing averag:ca
20 Tails
13 utilion
63 stocks
40 banda
464.20
107.74
06.48
174,03
10.11
103.19
413.30
£3 in a mixed
jumped about
German group.
liens
International
fluctuated
Nickel
advanced sharply in the dollar
bond section.
Deliar stocks finished with a Root number of gains running to $1 or more-United Press.
achieved last year
Ching Lights, another utility
le do well His week rose $1.60 | dogmalle even about the assers | Fectric
$24.70 which IN 20 rents from that there should be profit-
higher than last year's pak
The market talk Chinese brokers, at any rate -- kr. thuet w issue may be made Inter this year. But I do not think there is any substance to This raport. As far as ! gather is based on, the belief the that the company's call on contribwing shares which will tier $4 milllen, Will
1x3 sufficient for new
capik) ex- penditure.
Ferries Better
Electrics and Telephones, even
at present rates, or stili ykki-
In
six per cent or more while
Ching Lights, following this week's rbc, falls below four and a half per ernt,
Brokers think there will profit-taking in utilities before Long. In fact, it would be un- healthy if there were not.
Both Yuumată and Star have tacked on good gains fullowing the relause of the investigating committee's report on the cross- harbour tunnel, but I tagine of a private today's disclosure enterprise bridge plan will set tiem back sligbily.
Allled Investors tackal on 75 cents to close at $5.90 yesterday
duing Apparently the rumour
the rounds on this share is that the owners (Allied le one of the major shareholders; others Wheelock
Yes, there should be--but [ remember the month of June last year and that mighty boomi paulsTRIALS
who
WITC saying Cent
And it STORES, ETC This couldn't go on
Dairy and ally it with ship Waton ped only when the three British bunks in the Colony steppert in with a credit squeeze
I should not be putting into the heads of the bankers or be inaking enemZON tre House Street.
* The Share Market At A Glance ★
MK ank
IK Whart IK Dock Provident
IIK Hotels HK Lands
Humphreys
HK Kralty
FIX Trans Star Ferry Youmati
8.05
+5c
+600 +$3
30%
PO BI EA
COMPANIES
PENINSULAR & ORIENTAL S.N. CO.
PASSENGER/FREIGHT SERVICE
Dotwarde "'CARTHAGE”
"CANTON"
"CORFO"
"OARTHAGE"
Leaves London
Balled
10th July
13th Augu
Uns Hongkong
25th June
20th
August
17th September
12th September 13th October
Via Sonthampton, Pert Bald, Aden, Bembar, Colombo, Perang & singapore.
Leaves Hongkong Due London
June 21.
Alden Ing. Acy.
$185
Allled Chernicia
112
Allied Mills Inc.
23
Allis Chalmers
32
American Airline ...
241%
Am. Cable & Radio
Corp.
2.40 buyer
American Cyamanides Co. Am. Minch. &
72%
Homewards "CARTHAGE"
29 June
try,
American Metal
20b
American Smelting
American Tel
Tel
1791
"DANTON" "CORFU" "WARTHAGE"
Va
2.39 buyers 2.36 buyers 2.50 buyers
United Pre
New York Sugar
Market
Now York, June 21. World No. 4 sugur futuros to-
to 1
no sales re-
day closed 1 point lower point higher with ported.
Domestic No. 6 sugar futures elused 1 point lower with sales
contracts
Final evening-up
American Teb. "B" Anaconda Copper Anneo Steel......
Armour... Baldwin-Lima-lam Baltimore & Ohio Berlix Aviation Corp. Benguet Con
Bethlehem Steel
Boeing Altplano Borden (The) Co.
Hutroughs Add Machine
Canadian Pacilie R.
< ave_(J. 1.1 Co. Cat. Tractor ..
Celana Curp.
C. 1. Financial Corp. Chrysler Motors
Up or
May 24
1655
Lombard
Valon
48* 06714
May 31 1645
45#
970N
June 7 1605
421bxd 965
June 15 1680
4344b
June 22 Lexob
45b
Dash
9750
- down steady +$134 510
na follows;
No. 2 rubber
Nu. 1 rubber
No. 1 erepe
Underwriters
In
J11
Union Wboal
21b
216
814bxd 21.20L
8.80
8.801
steady
226
23h
+$1
Wheelocks
6.70
8.85
9.20
9.3$
+150
80b
84
96
93146
D4b
+500
4144b
4314
44
42
-514
13.89
13.60
14.80
14.70
14.60
-10c
13.60
13.40
13.40
14.30
14.40
+100
6214
€2
03
64
65%
+SI
17.30
17.40
17.40%
17.20%
17.10n
10c
1.423
1.45b
1,475
1.475
22.70
22.00
22.80
23.60
1.525 24.20
130m
173#
135
137b
140b
107
100h
106
110
114
+$4
Ch Lights (0)
22.80
22.40
22.70
23.10
24.70
+ St.GO
Ch Lighis (1)
19.80
19.66
206
2014
Electric
30%
30
3014
are
HIK Telephone
22.40
22.30
2244
3147
21.80
+$2.30
+$1.25
of GB
24
+$1
Marden
and
G.L. Cement
34.75
34%
3416
354
operations
-250
Investment
Dairy Form
15.00
IG
16
10.80
16.90
+100
A.S. Watson
19.80
10.80m
11.70
12.20
+50c
quiet
Lab Crawford
347
Yangistr
6M
341
8.556
34n
340
34n
steady
0.70
6.00
7b
+100
July
3.31
Allied
6.200
5.300
6.30%
5.15b
JIK & FE by
11.10s
11.20
ILD
11.200
5.90 11.40
+750
Kent.
Dow Chemicals
+200
Oct.
331
Dupont de Nemours:
Texille Corp
5.30
6.30
5.30
5.30
5.40
+100
Mar.
123
Eastman Kodak
May
A23
Nanyang
1.65m
7.05m
7.05
7.30
7,50
steady
Juty
Sept.
123
Family Finance Comp.
Spot-(cents per ib.
Ford Motor
Cuba)
3.33
General Foods
Contract No. 6
General Motors
Sept. Nov.
1.55
Gen. Pub, Utl.
6.67
per
kilo
We're
IS
Spot-fcents per ib, elf NY
ex-duty)
Gotty Oil
Gudden Co.
4 82
***United Press.
Goodrich (BF) Co.
30.30
37.00
30.10
30.70
40.70
the Commonwealth
Company) will sell the company laur this year
despite the
obstacles which prevented place- ment of about half the Gas com- pany shares on the market last year, and which, I understand, still exist.
Wheclocks have risen 15 cents to $9,39.
Banks Steady
Looking at the market: Banko are holding steady at $1680 buyers and Unions are up $10 to $975 buyers.
10.30
NEW YORK COTTON IS STEADY
New York, June 21. Cotton futures today loan rate.
below
the protective | erulzeros buying
On the basis of the follows;~~
Joan Last parity, the Inleated
opened stendy and main rate for middling ont-inch is tained small gains most of 32,64 cents a pound. The actual the time while trading loan rate will be determined on moved along at a slow pace, the basis of the mid-July paelly,
tradis
Wharf and godown shares are a little easier since this coluran Last appeared. Pront-laing was aflor the perhaps inevitable
Covering in nearby July ro sharp rises which
followed the Best part of a small announcement of the casing of
because of the concerned adjustments in the fleeted diminishing chances for cmbargo.
first heavy tenders 10 July delivery prior
steady shrinkage in the deliver- notico day on Monday, plus
able stocks. The tertineated spot house buying In May. stock remained at 8,000, bales, reportedly against forward commilments 10 mills and Month Alippers.
500
Land issues are, doing well.
$1.50 Hongkong Land tackeel on and market men report
good Investor interest in this share they are looking ahead a low years, but they
Kood prospects.
Bolt Dairy Farm and A.S. Watson have picked up slightly since the column last appeared which was perhaps inevitable In view of rocent lincas. Brokers say there is still very limited Interest in these issues, but enough to send Farm up 90 cents in, a fortnight to $16.00 and Walsona almost $1 in the last je weeks,
Rubber horoga have risen ailghty despito a slight basing
July
Oct,
Dee, At the close the list ruled up Mar 2 to 8 points, Opening pricen May. were up 1 to 5 points.
New July Orleann closed off 1 to up 8 ct.. Deo. 'points.
Total
Crop developments, textile mariom news, and the usual run of pre-shoping influences hod 11tle market influence.
HEDGING
Dolated hedging
►
against
in Um price of the raw material | cottoni, acquired out of the
In Singapore,
Volumn Open interest
8,500 149,700 0,500 201,400
0,000
492,100
4,000 203,000
20,200 140,000
Liverpool, June 21. .Colton future closings, pence per lb, were as follows:
July October December March May
In the US. the average price of 10/10 middling cotton at 14 designated spot markets was today. United unavailable Pro59.
in the July domestic delivery Katured an otherwise situation today. Futures:
Contract No. 4 (world)
Colgate-Palmolive Co. Commercial Credit Commonwealth Elec. Consolidated Edison Continental Oll of Del. Crane Co.
Crown Zellerbach
Cuban Azor, Sugar
Diamond Alkal
El Paso National Coas
Erie Railroad ......
General Electric
Goodyear Tire
Horden Chemical
Homestake Mining Co.
London Foreign-Rand
Exchange
Now York
entrees Amitertiam
Brunel Copenhageni Frankfurt Milan Parin Stockholm
NEW YORK PRICES
New York, June 21. Prices of cotton futures closed Zurich today as follows:
Co.
Interchemical Corp.
Int'l Business Machines: Inti - Harvester | Internationaj Nickel
*London. June 21. Interntional Paper
2.80.30-5/16
10.031-10.03% 139.124-130.15 19.33419,30 11.00-11.0811 1761-1752 00114-0011/2
12.2012-13.201 -United PrOST.
New York Foreign Exchange
New York: June 211 England official
30-day futures 270-25/32
Spot
900 122,100
Zitty
30.700 34.62
100
215.000
Oct.
: 400
Dao,
32.07-83 $2.50
38,700 - 1,481,000 bales LIVERPOOL PRICES
Mar
12.04
July
32.47 31.34 30.77
Déc.
in
NEW ORLEANS PRICES
New Ortofins, June 21, Prices of cotton futures closed 28.40 tødny na follows:
39.30
32.01.
22.04*
30712
in
Unitach Press.
·Blapon
Olá contrist July/Aua. |New contrpet July/Aud
201
DoNov. 2..
·Dec/Jan. Mar/Apr 160 21.30 May/Jime..... 24.18 along Egyptian Karak Hay/Aug. 57.00
governmelt Toan klock provided. This just about completes this most of the contracts, woek's market report. Da
Ad
with realising by Ibent traders work there were 22 reps, three on the buvarices,
were lower and fours fondy.
Yesteriny's tumower topped the | Conversely, now. crop Jasi $1 million marte, and must: Deliveries met commission houro
SAO PAULO PRÍCEs
Bao Paulo, Juho 11, Colton futures: closings,
United
Int Tel Tel
John Manville Co
Alagapore,
"SURAT" "SURAT
24th AuguTÍ
21st September
19th October
Penang, Port Sald
31st July
24th September.,. 22nd October
19th November'
Colombo, Bombay, Aden,
London
&
FREIGHT SERVICE
due 30th June
Inada 12th July
"SHILLONG”due 21st July "ÁDEN"
8th Aug.
doc
"SHILLONG”londs 14th Aug.
from USC
tor Singapore, P. Swet- tenham, Penang, Aden, P. Baid, London, Ham- Burg: Hotterdam Antwerp
from UK. from UK.
for Singapore, P. Swet tenham, Penang, Aden. P. Sald. Havre, London. Hamburg, Itolleran & Antwerp
BRITISH INDIA S.N. CO., LTD.
1834 - A HUNDRED YEARS OF SERVICE — iesa
"SANTHIA"
due and July salis 4th July
"FULTALA" due 19th July Alle 20th July
-"BANGOLA” ́due 20th July salle Dist July
from Japan
for Singapore, Penan Rangoon & Calcutta from Japan
fot Singapore, Penang, Rangoon & Calculta from Calcutta
for Japan
P. & O./B. 1. JOINT SERVICE
from Bombay
from Japanı
"HAUNA"
"ITOLA"
duo
sui July
Ball
7th July
for Joppan
duo 16th July walls 18th July
"ORDIA"
Kanras, Power & Light Rennseelt Copper
401%
Liggott Moyers Tob. Co. Lockheed Aircraft
“UBLARIA”
"IKAUNA”
Loews Incorp:
Lone Star Cement Co. Louisville & Norhvillo R Lowenstein & Bones, Mesabi Iron Corp. Kinnemt_Mining,
a
Minion Dovelopmen Bronzero Chemical. Có. Montgomery Ward Motorola Inc.
National Cash Reg. "A National Dairy Prod. National Leade National Steel Corp. Now York Central Olin Maibladórs
Ofis ElevatorVA PreOwen-fillnoty - &ldew
Preille Gas &. "Elves, Fon Anorinh Ar nya Paramount Pictutem y Parke Davis Co.. Penny C
Exchange Rates
· Dantziako › vean, đường "it" the local
|: Rosoffietară
-MOINING, WE she following: ratos:
Ub-dollar, (per,
·Australlan note, ther
Com
Pann. Sais Fon
Philip Hattie
Procter & Gamble Co,
· Ahle | 201āpurgh (PINTHA CSEmail : 53 434 Publicker, Indassirios vajakaja
3.18 || Radio-Corporation 79,1940 apabila diaet
Indonesian rupih, peek OD MAN ITASð í Reynolds: Keta)
(Stralia)
20.80 shell (1 Co.
(129 Baint Reg. "Paper
due 25th July salim 27th July
duo 28th July Batle 27th July đến ttth Aug salis 13th Aug.
for Bingapore, Colomba, Bombay, Phoumogar
Kamefil
front Japan -
for Bingapore, Colombo, Cochin, Kacauhi. Herzl Khorramulo
Xuwalt
from Karachi
for Japan,
from Japan
for Singapore, Bombay Karaolt - Basrah Khterafshade di Kuwait
EASTERN & AUSTRALIAN S.S. CO., LTD.
dan
70% July "NANKIN** "NELLORE" "ails - dth July
from Australia for Bardalcan, Rabeul, Drisbara, Bydney, Mol. Bourne & Adetaldo.
'All AVERSIN⋅ Bave liberty, to call at any portal "on" ̈or off the route & the rohlé a sailing stra wdhļwet'?
to change or amendment with or without notice.
For full particulars apply to !
MACKINNON. MACKENZIE & CO. OF HONG KONG LTD. Telephone Nos: 27721-4.
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