THE CHINA MAIL, FRIDAY, JULY 6, 1956.
TRADE and
COMMERCE SECTION
SHARES DIP-THEN RISE
Better Enquiry
At The Close
TEXTILE'S ISSUE
By A Special Correspondent
The slight easing tendency which came with the closing of half-year accounts last week continued this week and prices showed a further slight full.
New account trading opened sluggishly on Tuesday--though the Stock Exchange prefers to describe it as "quiet." Turnover dipped down from $890,000 on Friday to $754,000.
The dilluss continueti on Wednesday when the ball-they viekded oets $251,000 with prices again a shade
PANIER.
But yesterday the tharket brightened up. Turnover rose to $970,000 on fresh buying enquiry, and ander the leadership of longkang Banks and blue chips, the market recovered most of the decline it suffered during the week.
The wreki
from with furnover well down $4.61 million to $2.86 millon anel the list with 12 losses, cigh rises and nine shinrus steady.
Brokers attributed market dullness to the holida v coming after the closing of the half voar acconta mid Tew House Street man considers that yesterday's business is a poszter bu Tetter things next werk.
dealings
1+
1*
How
Al 1970
Telepleomy
E Bei Fruby Lea 1 week the let me quoting
Pict
call) atri trewn
ord
Telephones.
the wer
About Barn owly feitura d
Textile Is the
www
ht
done which, together weith
Can I shares
ཋཱ་ ྃ་*
raja 15515 $37
가
APRE
E
Their FM 34 The
The company part an
<[ 99 Cont
FAN
141
TEXTILE'S ISSUE
141
1325'
1954
H Tostad
motopy
JAZYKA
TODAY'S
SHARE PRICES
From Our Correspondent)
S'ock
this
ملا رای
★ The Share Market At A Glance ★
HK Bank Lombard Talon
Wheelocks
IK Wharf
HK Dock
Provident RK Hotels HE Lands HK Humphreys
HK Really HK Trams Star Ferry
4214bxd 965
8bxd
Up or
down
June 7 1605
June 18 1080
June 22 16800
June 20 1085b
July 6 1700
+$15
43b Dosb
45b
47n
stendy
linderwriter
Linion W'boal
21.201
22b
8.80
075b
980
080
steady
8,80m
23b
B.20% 23.20b
8.80%
100
2334b
+800
8.95
0.20
0.36
9.45
1.60
-60
98
23b
941)
DI
1914年
stendy
44
4344
42
40
41.50
+750
14.80
14.70
14.00
14.40
14.50
+100
13.40
14.30
14.40
14.60
14.50
-100
100
63
G4
6514b
17.40%
17,20n
17.10n
17.10n
17.10m
steady
£475
1.475
025
1.825
134
22.80
23.60
24.20
23.00
23.00
135
137b
1400
138
139m
cm.0250 steady steady
Faumatis
100
110
114
110
108
-32
C'h Lights (0)
22.70
23.10
24.70
24.80
24.50
2011
2014
21.80
21.90
21.80
-100
3014
3194
MA
3224
314
221
2249
24
24
20
20
24.80
24.90
+100
34
35
4.
16
36
35
35tám
10
10.80
16.00
10.80
18.50
10.00
10.80m
11.70
12.20
11.70b
21146
341
3411
340
35#
31m
---306 ~~20c riendy
6.70
6.90
75
6.95b
7.05
+100
5.30m
5.15b
5.90
5.75
5.65
-10c
lib
11.20n
11.40
11.30m
11.30
steady
4.30
5.30
5.40
5.30
7.55
7.50
7.50
7.50b
5.50 7.00
+200 +100
('h Lights (2) Elegirlo
IK Telephone GI. Cement Dairy Farm A.S. Watson Lane Crawford Yangtze Allied
UK & FE Inv Texille Cory
Nanyang
Cotton Futures Trading Slow
New York, July 5.
Post-holiday trading in cotton futures proved exceptionally slow.
Peters see-sawed lightly on either side of the previous close
as traders marked time awalt- New York Sugar
Ting decisive developments,
Closing prices ruled up 5 to b podna The market opeste: ! T 3
points. Now to up Orlans closed unchangesi ka in
Ennetar de sta the Hong-3 points. Je
Exchange MAT: ATTULLÁRNĚ ta roxamately $530,000. Noon tpaskaljonas brut the morning's matretjons
iling volume
on
The
rankest observers
with the slowest record. The alles volume for a full ve hurul sersion was 18,500 bules. made on Aug 2, 1940, based on statistics compiled by the com- 2:41 mlity
exchange authority. 1937 The WHA volume
On May 4.
najle bales made
Mistres Buy or Selers BANKA
Nale
ITM Bank
JNTUK
tial ALAWI
TI
bu (1 50 ย
243 200
Laling
back
INSURANCES
SILUPING A Topho
970
1977 2
hav
113 1.11.
Wh LOCKS FIN
#30
1000
40
***
suzand TAK 1,300
1943.
14 00
12
Z170 14 10 1990 2 2 10
100
Truders marking time award and further erop news, textils spot market developments. The sieri trike also added a note of caution while other tealers Cuwated the Government's dist
crop import Monday.
370
reporting used wil give the acreage in cultiva tion on July 1. A leading spoi clay estimateri the acretge ut 18,400,000 compared with 17.500.000
14
at
LAND, ETC
JAN 11 205
UK 12
! Red 2.
1415
1300 14 70
OG!, 160
2300 2 14 00
SOME 65
124 12
Ausulk
1476
its
B
17217
150 L
1501
CHILITIES
From Her Perry Yarmall
130
M
LID
200
24.70
24 BO
2024)
20024 BD
300 LKS
this
A T
XJ 35 2-150
314
1000 21 ENS 22005178
500 24 LO
04
24.00
300
1000 À 24.00
wers
When thing pand hear final ef
crat
and made a reges for two fle
Now Bey *****
for three al $5 whale will panaudo they company with 53 m
Unfortunately I de pal
*lket kast and a newspaper end- fan of $ own me plate ani Even stan it
tire jan
tel pot par dacz Autofanvid fal
ME Makon
The out the company and beets
$3.856) L Ly alvan eni fame. Wheelock Marka & Co 14 The ada mentant That Tarzık kon had bern reduces by $240.000
and1ght (N) 2180
View aptal, it sects, will help weldy the position. will pax the epipany *tronger postījota.
BANKS RISE
Business is also better In the Wherlock's annital report, Mr Marden had this to say of Tex- Ule Corporation: "After a period fentes affecting all local mills this concern LA now, In with other textile +11
manufacturers, enjoying a period of brick themand for its pov- chuet
STORES. ETC HALEY Watson
XD COTTONS Textles Ny INVESTMENTS Yogize
Prices of futures closed) today
There remarks are somewhat New York Silver in cents per lb as follows.
superficial bat I have no more information at the morrestal.
Best gainer this
week
Wats
Hongkong Banks
which
uf
117 shares. Lombard and Union wore steady.
$15 to $1700 en a, turnover
recent
1*ול}
Crow
500 280 cullivation last year and the government's pereage allotment of 17,437,000 bales, July
evening-up operations
proceeded quietly in the face of continued absence of delivery notices. The certificated stekt held at 7,524 bales,
Market
New York, July 5. World No. 4
futures sugor clused 2 points higher 10 1 of 30 point lower with sales contructs.
Domestic No. 6 sugar futures closed 1 to 3 points higher with sules of 310 contracts
World futures ruled firm at, season's highest neur the
fours at levels. World spot 336 cents were unchanged.
G
Domestic No.
featured refiner and other trade buying influenced by the Amer spol market and a trade belief that the further increase le po marketing quota is in prosperi in the nearby future. Fulures: Contract No. 4 (world)
deady
WORLD
RUBBER
MARKETS
New York, July 5. The No. 1 Rss rubber futures contracts today closed 55 to 75 points higher with sales of 156
contracts.
The standard contract closed
tilgher 50 to 65 points
with
sales of 17 contracts.
Closing prices:
No. 1 Re
July
September
Dovember
34 40 IZ 25-30 30.19-2X)
Standard contract:
July
34.00
September
31.95
2030
March May..
20.10
28.30
July
Speculative
December
2160
Page
US INDUSTRIAL London Stocks
AVERAGE
BACK TO 500
By DOROTHEA BROOKS
New York, July 5.
Somewhat
Easier
London, July 5, Stocks turned somewhat casior with industrials the
casualties on
the
Stocks surged back above the 500 mark in the main industrial average today in a steel-led advance | London Exchange today. which lifted individual prices a point to more than 6 points.
Trading picked up substan}~ tially, and turnover for the day of 2,240,000 shares was the heaviest since June 8, compared- wii: 1,840,000 on Tuesday.
The gain came to more than I billion on
the value of all Usted shares, as all groups paril- cipated the chemicals, cement and other road building issues and aircrafts, oils, motors and nuracious mecellaneous issues. Industrials climbed 4,80
to 300.64. May 11, while rails went 1.02 to 166.21 and utilities 0,80 to 88.85, the lost a
high for the group since March 27,
Rverage
1031,
now
Pacific Gas & Eico. Pan American Airways Paramount Pictures Porke Davis Co. Pam. Salt Co. Penny JC, Lo. Philip Morris Procter & Gamble Co. Pittsburgh Plate Ginn Pubileker Instutrice Pure Ci Radio Corporation Hemible Steel
Reynolds Motal
Shell Out Co.
Sinclair Ou
BO
ub
New demand from labour brought a moderate amount of selling to Industrials, although a late rally brought some from their lows, Loszty of one in shillings appeared
Rolls-Royce WER off nearly a
to two
steel shares.
4816 another shilling.
Saint Reg. Paper
Bocony Moblо
since
South Puerto Rico Suga'
Southern National Gas
30%
up
Southern tallway (Com
Standort Bracula
Standard Oil of Cal
Standard of Ind.
Cements In Demand
Standard Oil of NJ.
Starting Drug Co.
9toldy-Van Camp
Studebaker-Packard Corp.
Swit & Co.
Texas Ob
Tide Water Me
Oil
The gains in steels ranged to Twenty Century Fox Film 2 points or more in Bethlehem | Union Carbide and Youngstown Sheet and (Uskon Proffle Rathway Tube, Demund came as princi-United Airorat
U.S. Gypenum pals in the five-day-old steel UB. Line Co. strike and Federal mediator mel UB Rubber. US. Smelting in Pittsburgh. US Steel was the US. Steel. day's Qird most active
Issue
It rose a point, Gaius in oils ranged to nearly 4 points in Royal Dutch while Phillips, Shell, Jersey Standard Jind Standard of California rose point or mere euch,
Cement stocks, súll meeting demand stimming frost [13 huge highway construction bill. had gaine et auound 3 points in Lone Star and Alpha.
Auto
Inves усте Irregular
la varly dealing when General Motors dipped on announcement of anti-trist proceding being prepared against the Company un its bus business,
miscellaneous
Wide
~moving issues included Owens Corning Fiberglas, up over 6. American Home Products, Distillers Corp... International Papor, Minneapolis
und commission Honeywell, Westinghouse Elec- house buying, plus some dealertric, Zenith, up around 2 to 4
the higher points. covering, reflected basis of the primary markets.
re-
The spot market however, mained slow with factory and other consumer's showing diminishing interest. Spot No. 1 Rss was
quoted nominally 34 cents a pound.
SINGAPORE
The market opened steady and with minor fluctuations icon- tinued steady throughout the day.
*
Future closings were Nu. 1 rubber per 1b, July 03-037% Aug. 126-023%
Sept, unquoted
No. 2 rubber per ih July 09-09
80%-60%
were
Out of a total 1,139 Issues higher, only traded, 567 278 lower,
New York Stock Exchange bond volume was $3,000,000,
American Stock Exchange volume was 850,000 shares.
Dow Jones losing Hverage wert:
30 industrinia
20 rails
15
Liti
50 stocks 40 bunde
Cumin future price index Comm npot prier Index Moody's index
Closing Prices
0516-809 Allied Chemicals
Aiden Inc. Acy.
Allied Milks Inc.
The market was stendy with pot quoted at 20% pence per
Bettlement bouse term
American Cable & Radio Corp.
Am. Mach. & F′ley
American Metal
American Smelting,
American Tel, &
American Tob
338850
32850532
Warner Bros. Westinghouse Electric Wem Va. Pulp & Proper Woolarth
40
你
12014
171
70%
3711
torget,
shilling
Dutch
Oils moved narrowly, with most
to changes running
elther
Royal way.
to Improve managed
about £%.
GOVT BOND SUPPORT
found British Governments support and went ahead under leadership of medium and king: dated issues, War Loan and Old Consols added about £3⁄4.
Japanese 1930s and Tokyo Elecirle posted gains in a fairly quiet foreign band group, whils German 7 per cents Potash Hens gained £
Gold shares were hesitant, and coppers generally sleady in quiet 80 trading.
50
2074 Dollar stocko showed Jitta
4076
-Urated Press.
movement following the Wall
Street holiday
United Pre#S,
yesterday.
P.O BI EA
|
COMPANIES
ALLERGY COONIKA DATE DIGEST MANAGAR TANTRICESIJA
PENINSULAR & ORIENTAL S.N. CO.
PASSENGER/FREIGHT SERVICE
Outwards "CANTON"
"CORFU"
"CARTHAGE"
"CHUSAN"
Leaves Londen 10th July 101: August 12th September
20th September
Due Hongkong 20th Aughter 17th Septarisber 15th October
27th October
Via Southampton, Fort Bard, Aden, Bombay, Colombo,
singapore. Pohang A
Homewards
"CANTON"
"CONFU" "CARTHAGE" "CHUSAN"
Via
Singaporo,
"SUNAT
Leaves Hongkong Due London
24th August
21st September
18th October
Port
31st October
Penang,
Sald
24th September
22nd October
19th November
27th November
Dotabay. Ados,
Colombo,
London.
FREIGHT SERVICE
londe 120) July
"SHILLONG"due 21st July duc Bth Aug. "SHILLONG"fonđu 14th Aug.
"ADEN"
$+l
Get
328 3.30
Mar
1.211
May
3,20
in
July
3,20
No. 3
Sept.
3,28
No. 4
Sept-cent pet
tob
Cube)
3.38
Spot rubber unhaled
Blanket crepe
74-78
Contract No. 6
No. I pole crepe
107-100
Allis Chalmers
American Afriko
LONDON
Sept Nov.
5.59
American Cyanide O
0.00
Spot-fcents per lb. cf NY
ex-duty)
6.68
United Press.
ib. Prices:
Tei.
1804/
"BUNDA"
No. 1 Ran
205-27
Anaconda Copper
Asmoo Steel
Aug.
20-2074
2016-201
Baldwin-Lama-Ham
Oct./Dec.
251-251
Baltimore & Ohio
Jan./Mor
234-2015
Apr./3 une
2016-27
Bondix Aviation Corp. Benguet Cons.
Blethlehem Steal
184
203-214%
Boeing Airplane
P21;
2014-271
Borden (The) Co.
60
2021-264
Burroughs Add Machine
43%
Canadian Pacife
32
Case (1, 1) Co.
12
Cat. Tractor
30
Volume Open interest
10,000
104,100
INDUSTRIALS
ท.
Month
10 10 70 1000 # 10.00 1170
Juls
Oct
15,700 275,000
Der
21,400 286,400
Mar
10,500 149,700
B 50
May
74
July
Qui
Der
Allied
Invest
- AC & E
1820 11.40
12,000 5.70
Text)
NEW YORK
Prices
New York, July .
The price of silver eased cent way at 10 cents a ne ounce, the lowest charged før In the wharf section, Dock
the white metal since Jan 31, and Provident,
& Harman. after
Handy
bullion quoted the new price, profit-taking made small gains, dealers, but Wharf at $91 sellers isnoting it is the fourth concen- unchanged.
than three
The inctal reached a high
when the year on Feb. 17 In
cost 1% cents
an ounce. On
drop in tess
ενω
months.
rises
Blue chips show smal on the day but the group Is Jower on tho werk.
ferry section, Stars are steady and Yaumati a little lower.
DIARY OF THE WEEK
The week's diary: Friday: Steady. Wheelocks
active.
T/O:
$800,000.
changed pricco
Tuesday: Quiet and where
Wednesday: Hesitant mood.
Yesterday:
0,000
DOO,400
1,300 £23,200
1,200 28,000
3,900
74,000 1,471,000 bales
Spol
July October December March May July October December
NEW ORLEANS
London Foreign
Exchange
New York
Montreal
Amsterdeens
London, July 5.
2.7916-2.19.7/14 2.735-2.74 10.01% -10.02 1933-193315 174135-1742 $785-979 36.41-14.4312
Copenhagen
Milan
Parts
30.63
Stockholm
34.69 Zurteh
12.00-12.17
32,70 32,74
Others were unchanged.
32.05
31.00
Prices of futures closed today as follows:
Sput
July
Oct,
Dre
MAT.
Mar
WON
July
Get
Dec.
Jan 31 the pelee was 90 cents.
In London spot sliver quoted at 7834 pence, unchangerl from yestclay, United Press.
CHICAGO: LARD FUTURES
July
Sept.
Oct. Nov. Det
-United Press.
New York Foreign
Exchange
England official
unofficial
New York. July 5.
$1.02
30-day futures 90-day futures
75.00
Canada
34.01-03
32.07
32.93
33.30
31.01
South Africa
31,00
Delgium
31.08
Argentina
| Colòmbia
LIVERPOOL
Future closings, in pence per
lb, were as followe
General markets, ef basis, ports:
July Aug Bept. Emote clene thin July.. thick July..
AMSTERDAM
The market was steady. Prices closed today in guilders per kilogram, clt July as follows:
No. 1 rubber No. 2 rubber
No. 3 rubber
No. 1 crepe
2.00 nom. 2M nam. 2.33 nom. 3.30 nom, United Press.
LONDON METAL PRICES
London, July 5, Prices of metals closed today
in sterling per long lon as fol
0201,1/10 lows:
2.79.10/32
2.73-2.70
2.79.1/32
2.78.1/10
2.781
.0320
2130.
United Preis.
Tin spot
3-month
NEW YORK OIL AND SEED
Copper spot
3-month
Lend ist half July
Oct
buyers sellors 743 746
Armour
Ceiandae Corp.
CIT. Financial Corp. Chane Manhat. Bank Chrysler Motor Colgate-Palmolive Co. Commercial Credit Commonwealth Elec, Consolidated Edison
due 10th Aug. "SALSETTE" duo žis Aug.
for Bingapore, P. Swet- tenham, Penang. Aden. P. Said, London. Ham)-
Rotterdam burg, Antwerp from U.K.
from U.K
for Singapore. P. Swet- tenhain, Penang, Aden, P. Said, Havre, London, Hamburg. Rotterdam & Antwerp
from UK.
from UK.
BRITISH INDIA S.N. CO., LTD.
1850 - A HUNDRED YEARS OF SERVICE –– 1954
"FULTALA" due 18th July
Bail 10th July
"SANGOLA" due 21st July Bali 22nd July "ŠANGOLA" đпe Ith Aur. Bail 6th Aug.
from Japan
far Singapore Peda
Ronkoon. Calcutta Chittagong
from Calcutta
for Japan
from Japan
for Singapore, Penang Hangoon de Delcutta
P. & O./B. I. JOINT SERVICE
Continental Oil of Dej. Crane Co.
124
"IKAUNA"
"ITOLA"
Crown Zellerbach' Cuban Amer. Sugar
137
Dow Chemicals Diamond Alkali.... Dupont de Nemours Fastman Kodak
"ORDIA"
218
El Paso National Ups Erie Railroad .... Family Finance Corp.
-5216
"UMARIA"
"TIRIA"
"IKAUNA"
Ford Motor ..... General Electric General Foodo General Motorn Gen. Pub. V. Gelly Oil
Glidden.Co. ..... Goodrich (1), F) Co. Goodyear Tire ..
Hamstake Mining Co. Ingersoll-Hand
Inland Steel Co.
Int'l Business Machines
75716 730
21419 277
276 277
114
112
Ini Harvester
93
01 0112
United Prom,
Zine 1st half July..
Oct.
International Nickel
International Paper
Int'l Tel & Tel
| John-Manville Co.
Kansas C. Power de Light Kennecoct Copper
New York, July 5. Prices of cottonseed oil futures 230 closed today in cents per To, as NEW YORK METAL Araven Tob, Co. 54.05 follows:
Old contract July/Aug.
214.00
Now contract July/Aug.
27.10
Oct/Nov.
34.80
Deo/Jon
210
10.47-50 10.00 11.10
Mar/Apr. May/June
241.30
Egyptian Karnal July/Aug,
11.10
SAO PAULO
12.40
-United Press.
Chiengo, July 5, Prices of larch futures closed drifted fractionally today in cents per lb. as follows: lower.
T/O: $754,000,
Pricco Gasior. $253,000, Moderatc
A
shindo T/O:
trading. tord 10 harden under, the
Dualnem was done in the legal cadmiup of Bani
Munonicini sxchange market blue
chips. Sentiment achado thing at the followist rates:
US dollar (per 1) better with signs Sterling noten (per di of fresh buying Australian noite (por 1) enquiry. $970,060.
Exchange Rates
Futures - closings, In cruzeiros per kilo were as follows;
July
Out.
Mar. May
July
September October December
INTORY March
30.50 36.00 28.00. 40.00
Stay Jaly Beppternber Salos
Unquoted
thle
0.9% 10.78 The average spot price la tho' 1240 US
mavailable today. rupiah (per 1001 1510 Saice at, 13 markets totalled
100 37,412 bales,--United Press,
Indone /O: Blanical
(per 100) Nirma Bingapore (strait)
20.00
why
FUTURES
New York, July 6, Prices of metal futures clboed today in cents per lb. as fol-
18.50
18.30
14.07
24.70
14.05
lows:
1430
14.48
Leod
July
93 Sola
ASUT
Tin
July
· Line
·July
"Copper" · July
3.100
Coptoday was quoted ut $148.30-par short ton, cif Pacific Coast; coconmit oll offered at 10 cents a pound West Coast. --- United PrQUE,
14.046
Lockheed Aircraft -Low Incorp, .....
Lone Star Cepent Co. Louleville & Nosturile E. Lowenstein & Borst March Jeon Corp; Minnesota Mindeg
Miaston Developement Monsanto Cherdona Co. Montgomery Ward Motorola nya,
16,836
$3,100
National Casti Neg. National Daby Prod.
93.70b's
National Obesi· Corp.
|New York Cintraî
on Mathêu
Oils Elevados
Owen-331inola
rồi
due 6th July BAŝis 7th July
don 21st July valle 23rd July
due 25th July salls 27th July
due 20th July ARTIM 273H) July Tuệ Chi A saith Aug.
dus 11th Aug., amilm 13th Aug.!
from Bombay for Japan
from Japan
for Singapore, Colombo. Bombay. Baunegar Bc Karachi from Japors & Shanghai for Singapore, Colombo, Cochin
Karachi. Jasrah, Khorramebakit
& Kuwait from Karanki for Japan
from Harnoli de Bombaj for Japan
from Japan
for Singapore, Bombay, Karachi
Basra
Khorramshahr & Kuwait
EASTERN & AUSTRALIAN 5.S. CO., LTD.
doe "NANKIN" "NELLORE" ne
Bth July
from Australia.
from Japa
Dth July sails 10th July
for Bandakan, Rabau), Brisban, Bydney, MM- bourne & Adriniće All - vestele · hava liberty to call at any ports an
ar of the rente '✯ the route à alting'aza vichfork. to change, or amendment with or withoui nečlen,
For hill particulars apply fo!
MACKINNON, MACKENZIE & CO.
OF HONG KONG LID. Telephone Nos: 27721-4.
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