TRADE
THE CHINA MAIL, FRIDAY, JANUARY 4, 1957.
and
COMMERCE
SECTION
Page
SHARES RISE OVER HOLIDAYS NY Cotton Futures
HONGKONG BANKS
MAKE
GOOD RECOVERY
SHAR
By A SPECIAL CORRESPONDENT
HARE prices showed further Improvement over the holiday break and close the week on
a steady note.
Buying inquiry has been small but this was to
he expected over Christmas and New Year.
Lastver Tanel The average
te market * park miereSt he been about $323,0041 o day. On nod is looking for a con- trenu tinuation of the present a weekly basis this would $2.615,000 which IN #lightly with a little more activity
the Filgher
The
Enst $2,435,000 thaz
Miticile appears to be stablising. recorded just before Christines.
Dewa
xix
Aurich 1ve
The tally on the week la 14 higher.
stendly lower compared with 16 study. seven higher and five lower the last time thin column appeared. The accompanying panel has bern sightly roxluesi. Under-
Union
Waterbouls, Lane Crawfords and Humphrey. have been deleted. These st rarely move and sell even deu rarely. Any significant nevy mente in these shares will be text of these reported in the ulicles in future.
>
wiiters.
Banks' Good Gain
Shanghel
Two of the more prominent shares over the holiday peri were Hongkong and Banks which have added a fal which Wheelocks of $49 Hot announced an interim din scheme 371 verits on the odd shares and, comequently, resp 24 cont or so on the news
Bunks
havet bes www.k:
dall 1 Dr. Clas
Stock Exchange following {{u¢" INI
siluution. Mickle East proved They still have inuch ground to make up
pick-up on the Leiston
Whenlocks
intertin will r
salt in the ruoval of the "new <potulion on
Stock Ex- change list on January 23
Brokers spoke to yesterday do not feel that the campmany's announcement indicates any in- erase in total dividend.
Previously the company paid distribution of 75 cents
G*
made
t 50 cents cheiderk Apparently
mad 25 cords Tamiri
The two have few team morgen!
and the divideref Taveontvers
venis a
(PT $1
tim the Interim pay it is hi The
A of 30.
is therefine exported
Cements
Rise
It is pointed but. however, thut where the company paket 75 cents last year on 4 million shares, thi your 11 will paying out an extra $525,000 on the 1,400,000 new shes.
Another share to do well over the holiday period was Green Island Cement. is up $1 to
[1 $39.
Hongkong and Far Eust in- vestment which sagged to $8.30 two weeks ago has picked up 30 cents on a buyers' quote.
Blue Chips have passed the holidny quietly and there are spcctacular movements in
no
to be a
this section. Trams made the best rise, up 50 cents to $23.70 on Wednesday. They were in- clined
little wanker yesterday,
section, the three main counters are slightly higher.
In the whorf
Tension Eases
lec
situation
T
A
that Colonel Nüsser has abrogated the 1964 Suez Canal buse treaty with Britain not seem to have caused much itsm. Possibly it was a fore gone conclusion.
Murh more heartening in the HOWN that America in waking up to the danger in that grest. If Congress approves the Presk dent's new polley giving Mr Eisenhurwer Authority to st Grep into the event of an emergency, at least Ailled unity and pubile Co Judence will be restored. Thi
wan help market stimenti in Lastem and New York.
ATCR
the
may also assist the present 1135- wnie trent here to some extent.
Market Diary
Here is a market diary cover-
the holiday period Yesterday The market rul
Wheelocks
Elf Whart
BK Dicks Provident
Ik Hotel
HK Lands
+$1
★ The Share Market At A Glance ★
2
IIK Bank
Nov 10 1800
Dec 0
Dec 13
Deo 20
Idh 3
Up of downl
1300
1390
1890
1080
+340
Lombard
421
10л
400
39
Udlon
90714
963
050
0551
050
6.55
7
0.00
bi
7.10
7.36
+200
DILL
91m
01m
92b
+$1
44m
48
46
474
48b
++500
13b
13.70
13.80m
13.00
13.70
+200
14.70 61
15
14.80
14.800
15.10
+300
G2
€15
+62
7
1.338
1.375
1.375m
1.375
22.00b
23.30
23.10
28.20
14th
1415
1409
1401
1411
4-$1
101
105.
23.80
24xd
103
23.60
103
103
25.50
23.70
+206
3014
23.00
32 24.90
311
24,50m
24.70
3142 21.70
steady
steady
37
39
3814
38
39
14,40
16.30
15.10
18.20
15.30
15,20
13.00
13.00n
13.10b
+200
6.70
5.85
5,000
5.90n
5.00b
steady
5.083
4.05h
3#
4.95n
4.00#
10ni
10n
10
0.306
9.656
7.30m
4.40n 7.35b
4.40n
4.25b
7.100x4
7
+300 -100 -100
HK Realty
HK Trans Star Ferry Yaumatis
Ch Lights Electrio
IIK Telephone
Dairy Farm
GI, Cement
A.8. Watron
Yanktazo
Allied
HK & FE by Textile Corp Nanyang
WORLD
RUBBER MARKETS
New York, Jan. 3. The rex contract today closed 35 to 55 points lower with sales of HB contriųis.
January
March
Mus
July
September
Nuvensbes Jutamry
M 90-95 20.00-3200
30,00
34.50
15,00
3400
3400
steady with Bank, Staklar! nntract closed 35 to Lands, Electries and /55 points lower with no sales
{ Cements provalinngreparted the bulk of turn-
March
May
www.
Small gabus
July
TO: $985,000.
September
Wednesday: Pries
ther provement
show fur- slight
November
-
unctor
the leadership Bunks. T/0
Monday:
Friday
$200,000 Prices harden. $740,000 Signs
||lt)
Inquiry
Thursday:
Monday:
Friday
the
30 90
36.80
56,40
3400
34.40
33 00
7.50%
• 4.40
1.375m 23.70
13.30b
steady +500
—
Oils & Shipbuilding
Stocks In Late Wall Street Rally
New York, Jan. 3.
The stock market climbed within touching dis- tance of the 500 barrier in the industrial average on a rousing oil-shipbuilding-led advance which added more than one billion in stock values.
This rise just about made up ; Int Harvester
the Losses
suffered the in- Ittat session
1937 with of londers in all groups scoring gains ranging well over a point. The big push in late after- noon after Humble of & Rejin- the Company announced first general increase in crude oil prices In more than three
Ols
January 1 Buy
rovering tra for
and dealer demand brought a "partial Earlier, envers at the close.
market sagged around ** e pound under liquidation years.
touched and professional selling T/O:
alf by the lawer London-Singa- the dis- markels and pore couragingly slow demand from domestic factories in the local spot market.
Shipment offerings
better teach 10 slight
improve of business nient Trailertone steady.
T/O: $620,000.
starly Undertone
fractional in- And
prices. creases in T/O: $362,000. Prices unchanged. T/O: $290,0{1}. Dull and prkers lower fractionally
changed. where T/O: $464,000
HONGKONG
STOCK EXCHANGE
(From Our Correspondent)
Business done on the Hong-
Stock Exchange this kong morning mounted to approx)- mately 302,000. Noon quota- ilons and the morning's trans- uctions:
Shares
BANKS
were
Ιπ
A supply, emanating from Indo- and Maliya Indonesia,
far Chion ut prices "not too from a workable busts," dealt rs sald, but buying interest itmest or non-existent.
Spot No. 1 Its was quoted al37 cents apolind.
SINGAPORE
Was
market opened sharply The lower en disappointing overseas advices an
further It eased during the day in light of irad- There was small factory interest and some enquiry lower gracies. The market closed barely steady just abově the day's lowest level,
Future closings were:
rubber per th
No
January
February
No 2 rubber per h Jan
No
a rubber jer b. Jan.
No 4 rubber per lb. Jan.
Sput rubber unbaled
Blanket crepe
No 1 rope.
LONDON
for
##144-1113h 100%-100% 106-109. 10424-105 1004-101
11244-11235
684-60% 130-132
The marke wus quietly steady with spot quoted at 31-13/16 pence per lb. Prices:
2146-32 No 1 R upo!
Settlement house ferin;
February
Mayers Bellera
Sales
30 un 1000
March
Apr/June
July/Sept.
10 @ 1000
Oct/Dec.
263
940
23 650 February
TIK Bank.. 1030
Eurt Anio
INSURANCES Unton SHIPPING Wheelock
02
730 1000 @ 7.30
94
48 404
In the "gilt” section, Lom- bards and Unions are weaker.
Here is an authoritative
(0) 720 House Street account of the
(N) 4.80 DOCKS. ETC. week's trading;
"Although trading was still K. Whort
Dock prloes Prov. on a fairly light scale,
10 13.10 generally have tended to Im- LAND, ETC.
10.10 10.20 prove steadily following the Hotel
FC Land more cheerful undertone which
Renity.... RUBBER was in evidence shortly before
Amatk Christmas, due no doubt, to general essing of world tension and hopes for a more peaceful | UTILITIES
.outlook for 1957.
probably
*The gradual improvement in
EK Banks
other sections
assisted
of the market
where there have been signs of
better inquiry.
the Ully group Efco. trio have been In demand whlist Trams, China Lights and Inade kthall Telephones have Advance.
unt
Star Ferry.
02 01 100 0 1.35 148 000 $ 1.375
immediately respondiert and vigorously with galos which carried prices around 3 to more than 4 points in Sca- bourd, Amerada, Continental, Ohio Oil, and Arab Oli, Gains of a point
were to 3 3 points comman In the group and high- priced Superior Oll of California spurted 103 points to $1,315 one of the few issues ever to sell above the $1,300 level.
Volume Boosted
This response spread through- out the list, generating demand which boosted total volume for the session lo 2.260,000 shares, shipbuilding issues chulk- The ed up guins of 4 points or beli in American and New Around 2
2 points in Newport News and Bath Iron Works DS this industry's excellent outlook stimulated interest.
on
York,
and
The gain for industrials as a group amounted to 3.17 points average, lifting the com- ponent to 490.20. Halls had on even bigger gain percentagewise, climbing 1.34 lo 134.80 utilliles added 0.41 to 68.74.
Or a total 1,143 issues trad- ed, 005 were higher, 250 lower and 192 unchanged with 26 new highs, 9 now lows,
Exchango
New York Stock bond volume was $3,500,000.
American Stock Exchange volume was 1,020,000 shares,
Dow Jones dosing averages were: 319%-3
..... 490 20 3144-31 20 rails
134.00
30 industriala
3045-0034 13 tikties 30%-3014
03 socks 301-305) 40 bands
General marketa, cit basin, porte: Comum, future price index January
314
Cumm, spot price index 311⁄2-31% | Moody's Index 31-514
March Extate crepe thin Jan, Estat, crepe thick Jan...
AMSTERDAM ·
The market was easy. Prices
in guilders per kilogram, cit
Jan. as follows:
No. 1 Tubber
No. 2 rubber
Na 3 rütber
1.203 100
No. 1 crepe
ade
1.80
4000 GP DOC 27.70 410 23.00
140
100 20.70 Yaumali (.. 1102 109 160 @ 103 C. Light (0) 23,00 29.70 1200 23.70 Electric...
311 31.76 $100 1.75 Mamo E... 9.40
·$30 . $.43 Telephone
(O) 24.00 24,50 -2500 # 24,70 (N) 23.70 23.0 INDUSTRIALS Coment.... 30136
18.30 16.40· 13.40 13.60 12 @ 30
Пtopo STORES, ETC. Dairy **In Industrials, with Cements
WRiton and Ropes noted fractionally COLTONS
Textile higher.
Nanyang the shiphiug acation, INVESTMENTS Wherlooks Improved Blightly 1.K. & F.E following the announcement of invest
an interim dividend of 37 cents on the old sharen,"
Interims, May Help
Contrray to expectations in last week's annual review, that duline could be expected perhaps up to Chinese New fear a broker said yesterday the forthcoming Intarima may
4.00 41
0.70
Exchange Rates
I
Bilinen was done in the local mod exchange
market - Chile
13.07 paid
3.04 noth. 2.98 16m. 3.00 pad United Press.
New York Foreign
Exchange
New York, Jan. 3. Closing ratos wart:
-1.04-8/33
Canuda England offeinl
30-day futures 17. 90-day falures
Australia
New Zealand South Africa India
Pakistan
2.7812
22.2311
United Prem
00.74
174.54
DO.58 103.27
$11,00
Closing Prices
⚫ 1754
344
Alden Ine. Acy, Allied Chemicals All Chalmers American Airline Am Math & dry. American Motal American Smelting American Tel & Tel American Tob. "D" Anaconda Copper Armour
Allas Cona. Mining Baldwin-Line-Hans Baltimore & Otito
Bendix Aviation Corp. Benguet Coma. Bethlehem Steel Hooing Airplane Canadian Pacifle N, ............ 'cose (3.1.). Co. Cal. Tractor Celanese.Corp.
Chore Manhai. Bank Chrysler Motors... Colgate-Palmolive Co. Commercial Credit Commonwealth Elec, Consolidated Edison. Crane Co, kont Crown Zellerbach Cubati Amer. Sugar Daw Cherkenbar vik. Dupont de Nemours Eastman Kodak Krik, Halfroad beagan Family Finance Corp. Honers ectric General pode rea Epneral Motors
LONDON SILVER to
PRICES
Ellöden, do,
morning at the following rates: kuzisa peice of diver was quotedi Uzár azizer (ose 1)
0.14 tant | ht: 80-getice, for spot and 1940: date
ponce for forwtech Cuschiebt 193N
i štarting (noto (per" 21) Australony notes) (p) stem tical per 100) INGDOMERLY PROtsert der 100314 SE singapore (strata)
1,00,
United From
Homitake-
Inunnational Nichei
LONDON SUGAR
MARKET
1,000 TONS TRADED
In Narrow Range
New York, Jan. 3.
Cotton futures today see-sawed around the previous close În quiet deälings.
B to off 1 point Opening March
May prices were up 3 to 5 points. | Toul New Orleans closed up 3 to off 2 points.
At the close the lit ruled up | December
2,400
91,000
28,000 11,800
100,300 1,180,000 bales,
NEW YORK
Prices of fututes closed today
as follows;
Spot
34.70m
Mag.
May
34.31
July
Oct.
Dec.
Mar.
Recent large-scale spot houso stume in March, and an equally large true destand, subsided
with
resultan! marked slowdown in the trading pure
Must
FIRST DAY overight
In
trade
London, Jan. 3.
of today's business Trading yesterday
Among the profea- on originated the London sugar futuressional talent, Local traders, New
Orleans interests and Markét, which reopested commission houses were cn- after being closed for 17 gaged routhd_gybring-up to 1,000 operations. Between March and years, amounted tons during the three call May contracts on an even basle
provided a trading feature.
interest in new crop Retarded perloda.
Additional business was also months reflected continuing un- belly over the Government privately negotiated
two
rate for the new crop, the morning call and the afternoon calls, 50 that the and congressional developmenta Retual volume of business was on farm legislation,
Producer loan entries for the greater.
week ended December 28 showed The tohe wis tincertain at Arst and the market was quiet a sharp contradiction reflecting throughout the day. A large year-end holiday influences, Im number of dealers and other poundings for the week of 120,014 turned, up at the morning call bales compared with 212,221
the in preceeding week. when buying and selling prices bales
The net stock of 1086 crop cotton were amounced for all months
under Joan totalled 3,058,305 to December,
bales.
menit took over cotton remaining
in the
33.M
33.67
34.22
NEW ORLEANS Prices of futures closed today
as follows:
Spot
Mor
May
July
Oct.
Deg
Mar.
May
LIVERPOOL
LA
Future closings, in pence per
1. were as follows: Old esitract
Mar/Apr.
May/June July/Aug.
Oct/Nov.
Dec/Jan.
Now contract Mur/Apr.
July/Aug.
May/June
Oct/Nov.
Dec./Jan.
20.47
20.13
25.70-72
25M
20.78
00.00
Egyptian Kamak Jan/Feb.
SÃO PAULO Prices of futures closed in
At the day's close the first delivery month (Match) was On December 31, the Govern- quoted at 40s ida ewi to 488 Ed a cwt with 40s paid.
This
1936 loan, figures with the United which will be issued at a later Juty compares States terminat
Certificated stock 2,080) October markot Bugar
December price. of 49s 11⁄2d which eif UK price. Business also done in May at 48s 12d March and 409 44 and in December at 489, 42, opd 485 3d.
date.
bales
on cruzeiros per lb. as follows:
May
38.60 30.31 30,40
Volume
Open Interest
£10,500
300.700
In the US the average spot price was 33,27 cents. Salts
17,000
406,200
July
11,000
161.200
totalled
63,772 bales.--United
October
5.000
144,000
Press.
19
was Mouth
RIV AL NEW YORK The London futures hope. In York the New ume to riva market which is the only other
Sugar futures
three daily calls enable buyers advertise their and sellers to
364 respective paritions,
Actual truding in London is done
This, traders
2811
10016
chief
market.
International Poper
in
Trading on the
New
Landon
Infi Tel a Tel
301
market is informal and
the
John-Manville Co.
Kansas C. Power & Light
39
Kennecott Copper
127
Lockheed Aircraft
Loews Incorp.
2011
Lone Star Cement Co.
57
Lowenstein & Bonx,
Mesabi Iron Corp.
BB
Motorola the.
National Cash Res. A
491
National Dairy Prod
National Lead
10832
44
Minnesota Mining Mision Development Montgomery Ward
New York Central Oils Elevators Owen-Illnoin Gloss Pacific Gar & Elec. Pan American Airways Paramount Pictures Parke Davis Co... Philip Marria
Pittsburgh Plate Gloss
Publicker Industries
Radin Corporation Republle Steel Reynolds Metal Shell Oil Co. Bain Reg. Paper Selir 01 Sorony Moble South Puerto Rico Sugar Southern National Gas Southern Railway (Com Standard Brands Standard Oil of Ind. Standard O. of Cal,' Standard Oil of NJ. Sterling Ung Co. Stokely-Van Camp. Studebaker-Packard Corp. Swift Ca,
Texa Co...... Tide Water Assn. Oll Twenty Century Fox Filin Union Carbide Union Pacille Railway United Alrerati
U.S. Folt "D"
US Gypsum US Line Cu. UB. Rubber
U.B, Smelli U.S. Steel Warner Bros. Westinghouse Electric Woolworth
421
40%
mid, gives
Loudon whole cargo
an advantage over
New York,
which must sell publicly. Thus whole cargo may be in ono lot in Lention whereas to New York cargo, being offered at pubile
gues to cules, usually
•
P.O B⋅I
COMPANIES
PENINSULAR & ORIENTAL S.N. CO.
PASSENGER/FREIGHT SERVICE
Didards "CHUSAN”
"CANTON"
"CORYU”
many
видеть.
10
The Bank of England nounced yesterday
ana
2012
that residents could operate on
Pon-resddret
from the
non- the market Differences due to and
must non-residents from
e type
he
account.
34%
蹲
BG
003
07
where an import licence
bad
been granted. But
this is on-
0211
tirely a paper
market and #0
sugar moves
os a result
nt
“CORTE" "CHUSAN”
Hitherto on the spot market
foreign exchange was only paid
denting-United Press.
NY MARKET
New York, Jan. 3. World No. 4 sugar futures to- oday closed 3 to 8 points higher with sales of 001 contracts.
Domestic Np. O sugar futures closed 2 higher to f lower with sales of 38 contracts, After a strong start,
2312
114
3092
D
404
world contract
58
331
declined below
the
previous
18
close, but rallied again
00%
uj. the close on a resumiption of trade
and covering 21% buying 613 Armness in raws.
44% United Press
Selective
Luying In London
London, Jan. 3.
Selective Buying
dustrials
irrégular
today.
dominated
ifóčk
-Engineering,
In in-
tharket
nutleaf
tobacco shares were marked up o shilling or more on favour able oulibokit
Oils were mostly lower, Royal Dulch yielded five shillings. British Petroleum, Burmah and Sholt Transport had losses ringing do three" shillings,
Purchases by
with
Germph Im- porters are in anticipation of Germani
for about fender
month. 160,000 tabs later this
The current Japanese buying, dealers sold, is expected to opproximate 100,000 tons,
Contract No. 4 (world)
March
MRY
July
September
March
Brot testi per jb, fob Cuba)
March
September
Contract No. 8
May
July
Spal
(cente por lb. clf NY ex-duty)
5.84 5.60 8.90
**** 1.00 United Press.
Singapore Stock Market
A
Bingapore, Jan 4 Brokers today quoted the fol- towing stock prices:
Opening
Data, Lintang, Rubber coi
Bitish Homeo Patroleum
Bynaleate. Bostit
Smelters
Dra.
Led' $1.07
Governments held strong with Consolidated Th Railway Nationalisation up Tray & Save Lid Ord, more than seven chillings ani | Firer ik. NekVA. TIEN “GUN, others • with・・ gains · up five prot zhillings.
Foreigr bonds were imellon ally higher Dollar stocks drop ped, reflecting the overnight algon Wall Street-
NAMESAKES
Demons (Meifay) fongkong & Bhanghai Bank-
ongkong Tin Lid. Kemoun, LiltzenpZHO Lawns Hubber Kalités Lád. Kutyah, Breweri
Rantena Hotel
"CHUSAN" *
Ledvét London Zeth December 12th January
16th FebruSTY
8th April
But Hongkong.
na Tebruary 22nd February
doth March
0th May
Via Southampton, Colombo, Pinang à Singapore.
Homtirti Lavés hongkong Due London
"CHUSAN”
"CANTON"
fbla February
20th February
3rd April
12th May
21st March
5th April 19th May
12th June
Via Singapore, Penang Columbo, FREIGHT SERVICE
"PINJARRA" In Port
"SHILLONG*dur 16th Jan,
"SUNDA" due 20th Jan. "SHILLONG"load= 28th Jan.
"SALMARA” dus. Bouli Jan. "SUNDA”. loads 10th Feb.
from UK.
from UK, from UK.
for Singapore, P, Swet- tenham, Havre, London Hamburg, Rotterdam, Autwory mouth
from UK,
على
Grange-
for Singapore, P. Swet. benham, Havre, London, Hambing. Rotterdam,
Antwerp & Grang zmouth
ALL VESSELS outwards AND HOMEWANDS WILL PROCEED Y THE CAPE OF goob HOPE UNTIL FURTHER NOTICE.
BRITISH INDIA SN. CO., LTD.
1850 A HUNDRED YEARS OF SERVICE — 1850 "SANGOLA" que Bih Jan, gain oth Jan
"SANTHIA” due 15th Jan,
sails 18th Jax, “WAŁOBA“ aus 23rd Jan, Kalia 25th Jan,
from Jáben
for, Bingapore, Penang, Rangoon & Calcutta
from Calcutta, Rangoon & Streite 10% JEDNO
from Jeban
for Bapore, Penang, Hagoon, Chittagong d Calcutta
P. & 0./B. 1, JOINT SERVICE
“TTAURA" | đưỡ 4th Jan. "OZARDA" Calls 8th Jan,
due Pird Jan. *TTRIA" "
"ITAUKA"
das 29th Jan, salis Jat Joo.
from Bombay & Karachi for: Japan
from Japan
for Bingapore, Cochin, Bombay Karachi, Basi raka 84-Kumtale
„Jēdzi Juban
for Bombay, & BDSTA
Karachi
EASTERN & AUSTRALIAN S.Sİ CO., LTD.
"EASTERN" satis 9th Jan,
"ARAFURA” due 12th Ja
...
· for... Sandakan,- "Rabaul, Lae, Bribene, Bydney, Kotbourne & Adelaide From Australia
All vină DAVO, Dihusty to cuth, as kny dufig on or off the route á thé fonte a misilky are udajoći „to change or amendment' ‚with or withoué- Mottos.
For full particulee apply to t MACKINNON. MACKENZIE & CO. OF HONG KONG LID. Telophone Ras: 2771 1.
No comments yet.
Private notes are available after approval.