1957-01-18 — Page 9

THE CHINA MAIL, FRIDAY, JANUARY 18, 1957.

Page

TRADE and COMMERCE SECTION

SHARES MARK UP

★

GAINS Some Firm New

The Share Market At A Glance APPOINTMENT OF

HIK Bank

Lombard

Iinion

KK Lands NIK Realty

Star Ferry

IK Trams

4011

9551

7.10

*

Up or

Deo 13

1500

Dec 20 1500

Jan 3 1030

Jan 10 1670

Jan 17 1840

down

-$20

100

39

3840

3744b

-$2

950

050

960

837 34

$234

Wheelook

Wharf Wharf

6.00 Dim

7.30

1.00

7.20

+150

Dim

92b

92b

$3

HK Docks

45

1D

4719

48b

4814

49b

+750

Provident

13.805

13.00

13.70

13.00

.13.30h

-300

HK Hotels

14.80

14.80b

25.10

14.90

14.90b

steady.

01

61b

32

0134

62

+500

1.376m

1.375

1375m

1.405

1.326h

50

23.10

23.20

23.70

23.40

23.40

steady

1401

1400

1612

1425

143

+$2

Yaumatis

103

193'

103

102

103

Ch Lights

21.60

23.50

23.70

23.30

23.30

Electric

314

3134

3144

31

3144

24.50m

24.70

24.70

24.40

24.60

20c

G.1. Cement

3830

38

30

383/M

3831

steady

Dairy Farm

15.10

15.20

15.30

15.20

15.40

+20€

A.S. Waison

13.6011

13.00b

13.306

13.40b

13.Gob

+200

Yangtze

5.90%

6.00n

5.90b

On

$n

steady

A1

4.9511

4.90%

4.80

4.8641

+50

HK & FE JAV

10%

9.30b

9.00h

9.80

9.800

steady

Textile Corp

4.40

4.40

4.23b

4.50%

4.40n

steady

Nanyang

7.35b

2.10nxd

7

7.05

7.15b

+100

IK Telephone

Allied

WORLD

RUBBER

MARKETS

Singapore, Jan, 17.

The rubber market opened steady in sympathy with over- it cused off later on tark of support, Futures

No. 1 rubber per ib Jan.

Feb.

No. 3 rubber per 1h. Jan

No. 3

1-6 9416-04 934-05 2146-02

No. 4

AN-8815

Spot rubber unwaled

8135-013%2 115-113

Blanket crepe

No 1 pale crepe

AMSTERDAM

1009-101%

The markel was cusy. Prices closed today in quiiders per kilogrami, elf Feb, is follows:

No rubber No. 2 rubber No. 3 rubber Nu. 1 crepe

2.68 buyer

2.00 buyers

2.62 buyerS

#3 noin -United Prenum

LONDON METAL

PRICES

London, Jan. 17.

ال

+$1 steady +20c

WALL STREET DECLINES ONCE AGAIN

New York, Jan. 17.

Softness in special groups and issues and a general lack of demand elsewhere gave the market its eighth decline out of the 12 sessions so far this

year.

142 Ainerada 1--was not FL sharp decline. Barber added

High price Superior find was lumpered by efforts | nearly 2. toward recovery but all major Ol of California climbed 85 to a Gulf and new top at $1,365, groups closed lower-industrials

by 1.04 points in their average, Richael were doing around a rails by 87 and utilities 07❘ point.

point.

Truding continued at a routine

Allied Mills Inc.

Allis Chalmers

MACMILLAN ·

Trading In London

London, Jan. 17. Government bonds and fea- tured firm trading on the London Exchange today.

BOOSTS MARKET elected industrials

By A SPECIAL CORRESPONDENT

THE Hongkong Stock Exchange closes the

week on

a slightly a steady note, and at higher level following the appointment of Mr Harold Macmillan as Prime Minister,

If there is disappointment at the market's failure to follow through Friday's sound trend, there seem to be two local factors to account for this.

First: the onset of Chinese New Year, when Chinese in- far leas vestors are generally

active

debts.

and many sell to clear

Second: although no Chinese banks have been seliers this week, (according to one infor-

Individuals mant), two

have Liquidated large parcels of shires for private or business reasons.

+

wero

"Elsewhere dealings on a light scale. The under- tone throughout the week was generally quite stendy."

MARKET DIARY

Initial dealings were hesitant the bank rate was not lowered, because of disappointment, that Prices then edged upward with their closing highs.

obocks

arouti

In the British Governments some medium-tern issues were up as much as £

Industrials had a fem appeaṛ- ance on selective demand steels, department chemicals, but found little support and the group, closed stendy.

Ollo

York Cotton Futures Trading Continues Slow

New York, Jan. 17. Cotton futures today experienced another session of slow dealings with minor price changes.

Traders coupled low In market interest with

ebb con-

tinuing uncertainties over the continued quietness

with the textile trade and shifting

speculative other outside markets,

support rate for: the now crop,

of

attention

Dec

Mar.

May

July

NEW ORLEANS

Prices of futures closed today

专业

as follows:

Spot

33.00

Mac.

May

July

58.18

un. Dec.

33.40

ART.

Trade switching operations be tween March and May accom- panded light liquidation, with a ŕmitine

mill

and exporter de- nund absorbing the contracts.

months neglected

crop

awalled

developments cgislation.

Aay

were while congressional new farm

July

LIVERPOOL

Futures closings, in pance per

stores and

Un opened firm,

A proposal to res-, were as follows: tore 90 per cent of parity price supports for cotton, Introduced by

Coppers also were steady with

Concessions Tanganyika Rhodesian Selection Trust firm. Gold mining shares were quiet

Here is a diary of market and ensier. movements this week:

ID) Yesterday: Steady with minor fluctuations. T/O: $912,000.

Wednesday: Lacked interest,

These shares were absorbed effortlessly and the market lost none of its steadiness. Tum- over 18, in fact, up from $2.73 Tuemlay:

million to $3.65 million.

Monday:

But as far as Mr Macmillan's appointment is concerned, the Friday! 10%-cents fall in the local T/T rate, the rise of switch sterling

and on New York

the Hood guins made by gill-edged stocks on the London Stock Exchange tell their own story.

BANKS FALL

Perhaps the most surprising development this week In view of the sound display of gilis in London--was the

Call

Closing Prices

30

221%

ม

2012

3334

The market feeling is 64 the case

of

that Banks These

American Airline

paco with volume of 2,140,000 Auess the Acy shores running 70,000 shares Alles Chemicals below Wednesday at the lowest level since January 2.

The market madu a stab al in A fairly brisk recovery opening but backed

down wowder continued weakness in steels and softness in vils and

lift special issues, Another before tnost losses

were. American Tob. "B" few special features

Anaconda Copper

Only a

Prices of metals closed today managed to score gains of any

in sterling per long ton as tol-size-issues such as Aluminium

lowe:

Tin spor

3-month

Copper spos

3-month

Load ul half Jan.

Apr. Zine 2nd half Jan.

which run up more thun

American Cable & Raujo Corp American Cyonaldo Co. Amer. & Forgn. Power Am. Much &F'dry American Metal American Smelung Ali, Sugar Ref. American Tel & Tel.

Armour .... Atlas Cons. Mining Baltimore & Ohio 4Benguet Cons.

011 a three-fur-one aplit Bethlehem Steel

heid 2 of the Barden (The) Co

Canadian Pacioc R apCat. Tractor Joy Celanese Corp.

rise at $1184. Bethlehem Steel Burroughs Ada Machine

707

738

buyers sellersal anal

773

774

208

20016

207

responded to stockholders 2074 nroval of ita merger plon. 1384 110% proval of 114 11434 Manufacturing rose in response 103 104

to news of a record backlog. 2012

Oils came back substanüally New Yorke metal prices were

from their lows and at the clase unavailable.Unlied Press, — had severnl upside features.

Apr.

A SAFE DEPOSIT

for

YOUR FUNDS

M

6%

Misimama Deposit KID0

Head Office: LOMBARD HOUSE

·

LONDON

Your interest accrues day by day, from the day your capital is deposited and is paid half' yearly. These deposits finance Industry, Commerce and Agriculture and

increase

Import/Export Trade in all parts of the world. Send today for "Bank Deposit Account" booklet No, A074 from General Manager

LOMBARD BANKING

Hand

LIMITED

BANKERS

LOMBARD HOUSE, CURZON STREET.

GRO 4111 (30 lines)

PARK LANE, LONDON, WA

Branches and Arensi throughout the World

C. I. T. Financial Corp. Chrynter Motors...... Climax Molybdenum Colgate-Palmolive Co. Commercial Credit Commonwealth Elce. Consolidated Edison Continental Oil of Del. Crane Co.

Crown Zellerbach Cuban Amer, Bugar Diamond Alkali

Dow Chemicals

Dupont de Nemours

Entman Kodak

El Paso National Gan

Eto Railroad

Family Finance Corp.

Ford Motor General Electric General Foods General Motors Gen, Pub. U. Glidden Co. Goodyear Tire Heyden Chemical Ingersoll-Rand

Inland Steel Co. Interchemical Corp. Int'l Busincm Machines Int'l invester.............

International Nickol Ini Tel Tel .............. Kansas C. Power & Light Kennecolt Copper, ca Liggott Meyers Tob. Co. Lockliced. Aircraft Loews Incorp. ..... Lone Star Cement Co. Louisville Nashville B. Lowenstein & Sons, Mesabi Iron Corp. Minnesota Mining Mission Development Monanto Chemical Co. Montgomery Ward Motorola Inc.

National Canh Reg. "A National Dairy Prod.

National Lend

National Steel Corp. New York Central Olin Mathieson Oils ElevatorS Owen-Illinois Glass Pacific Gas & Elec. Pan American Airways Paramount Pictures Parke Davis Co. Penny J. C. Co. Penn. Balt Co. Philip Morris Procter & Gamble Co. Pittburgh Plate Glám Publicker Industries Pure Ol...... Radio Corporation Republic Steel Reynolds Mata) Saint Rog. Paper Sinclair Ou

Socony Mobilo!! Houth Puerto Rico Ekazar Southem National Gas Sleep Rock (Torontor) Standard Brands Martord Oil of Cali Standard Qu of Ind Standard Oil of NJ. Sterling Drug Co. Stokely-Van Camp. Studebaker-Packard Corp, Swift & Co.

Tatul eo.

Tide Water Amts, Oil,

Twenty Century Fox Filin Union Carbide

Union Paolo Solway

United Aircraft

UA, Fall "I"

U.S. Rüber

U.S. Cypam

U.S.. Smaking

US. theel

A

Warner Bros.

Westinghouse · Electric

Went: Va, Philp & Paper,

Woolworth

in Hongkong Banks, Lombards and Unions here,

1182% hurts have inde too sharp u Looking back to

17411 recovery.

70%

Banks

Bere 60 early December, 10% $1,500. They nose to a high of 245 $1,070 last week and now drop that there 41 $30. I also heard

1

T/O: $330,000. Dull, featureless. T/O: $460,000, Fractional galus. T/O: $827,000. Downward trend checked by the appointment of Mr Macmillan

Prime Minister. T/O: $1,020,000.

HONGKONG

STOCK EXCHANGE

(From Our Correspondent) Business cone on the Hong- over Kong Stock Exchange this morn- ang mounted to approximately Noon quotations anal $100,000. the morning's transactions;

Shares Buyers Soliera

186 was some disappointment

the £3 Anal dividend 37nounced last Friday, but one

broker discounted it,

10%

*2

07

The Bank's profit gocs up and up and up. In 1950 it was $20,035,421. The previous year

46 It was $20,580,320 and in 1954, 40% $19,200,451,

1257 Union's

20

BANKS

HK Bank

INSURANCES

Unton SHIPPING Wheelock,

1640

800 050

(0) 7.18 7.23 1000

foll of 52 is negligible. They sold yesterday pocits, c. at $960 before easing slightly K. Wharf .. Dock ETC. 4 on the last sale the day.

have been slipping in Hotel .. Lombards back recently after a fairly long

of

LAND

period of scadiness following Humphrey's the cut in the dividend in June | Realty

70 bonus. About this time last 143% | Your

Star declared a $2 cash 2955 bonus with their nnol $5.50

dividend

Light (0) 3,20 23.30 Electric

228

Baire

3268

14.00

ទប

ផង

attention but had, little apparent New contruct

The Commodity Credit Cor- poration reported loan entries 11 for the week ended Jan.

32877 8943698

Old contract

Mar./Apt.

May/June

Young

and and

North

Dakota's Senators

July/Aug.

Langer, attracted

Oct/Nov.

Dec./Jan.

market influence.

Mar/Apr.

May/June

July/Aug.

Oct/Nov.

Doc./Jan.

Karnak

Jan/Feb.

SAO PAULO

Futures closings, in cruceros

loan

totalled 3.877.085 per kilo were as follows:

March

NEW YORK

May

July

Prices of futures closed today

October

us follows:

December

Spot

34,85n

Max.

34.40

May

3440

July

34.37

price was 33.40 conis, Sales totalled 20,223 bales.--United

Oct,

Preys.

the foreign bond section there was

of totalled 210,771 bales compared | Egyptian some buying Japanese Issues. Doilar stocks with 135,050 in the preceding picked up a little.-United Press, week, the net stock of 1056 crop

under bales.

Australian Pearl Shell Resources

Canberra, Jan. 17.

Indus- Minister of Primary try Mr William McMahon said || yesterday the first results of a survey of pearl shell resources in Northern Australian waters suggest restrictions will have to be imposed in some areas,

*

✡

•

and

to

•

+

*

The pearling industry is

asset valuable, national must be wisely managed ensure that only as much shell is taken from the beds as can be replaced by the relatively slow natural reproduction rate, McMahon said.

The survey now underway is the first since pearling was TC- sumed after World War II. Aus- tralia exports about A£1,500,000 worth of pearl shell to America per year, and about A £206,005 worth to non-dollar areas,

United Press,

London Foreign Exchange

London, Jan. 17.

Closing rates were:

Now York Montreal Amsterdam

Brummeln

2.79-11/16-3.70-13/10 2.09-11/16-08-13/10 10.6012-10.601

14045-140 DO

11.75-11.753

19,90%-10,90}

14.00-14.50

12.2714-12.2735

were unchanged.-- United

1000

0,70 6.80 3000

12

10

J

14

20

HK Land

4042 404

14.00

01já

13

600

(2 10.20

19f

1,224 1375

223

Last year.

RUBBER

4254

41% the

35ft

362)

is Another point of interest

Ferries: they❘ UTILITIES rise in Star

Tram moved up. $1 on rumours of a

Star Ferry Toumali......

Ainolg. Trust

1.50 1.55 10,000 6 1.25%

Frankfurt

1.00 1.075

750

1.00

Onio

00

1.00

Stockholm

Zuricit

23 23.40

Others

100

143

Press.

183 104

100

0.00

(0) 34.40 24.00

(N) 231 23.00

1000

400

20

231%

30

12.00

18.20 15.30 13.00 1.80

*7.15

2000 @ 13

234 0 1.50

Canada Englund 30-day futures a Australia... South Africa

1,04

2.7915 2.13

2.60 3/10 -Unied Press.

N.Y. COTTONSEED

OIL.

4914

Youmatis were ulsu botter 100% --up $1 on the week to $103.

Mic. Elec... Telephone

The tally this week was 12 INDUSTRIALS

and higher, five lower

seven Cement .... steady against seven higher, 12 Rope lower and Avo steady last week, STORES, MIC

DULL TRADING

Ico

Here is an authoritative Hovee Street account of the week's trading:

"Once again the Stock Market has experienced an-. other week of generally dull the trading conditions but appointment of Mr. Harold Macmillan

Dairy WALKIN Sincere COTTONS Nanyang

1000 $ 7,20

Singapore

Stock Market

Singapore, Jan. 18. successor to Brokers Loday quoted the Sir Anthony Eden appeared following stock prices: to check the steady decline of the previous week with the majority of issues-making a gradual recovery.

"HK Binks however were an exception and for no DPS parent reason fell away after their recent good rise, closing with sellers at $1,040.

"Although only slight, there was also some improvement In the overall turnover which amounted to $3,040,000.

New York Foreign

Exchange

New York, Jan, 17. Closing rates were:

New York, Jan. 17. Prices of cottonseed oil futures closca today in cents per Ib. as

follows:

Ltd.

Batu Lintang Rubber Co. Bellat Borneo Рабговорит

Byndicate

Opening

01.33

52104

March

May

Consolidated

Breiter

Ord

12.20

$4.00

March

Fraser & Neave Ltd Ord. THESE 2 Neave 734%% cuni.

pretty) Limited $2.00 Cammons Kongkong & Shanahal Bank-

ing Corp NASTA Hon bog Tin 36. temp Ltd.

#314* sa $1.35

unas Rubber katates ltd. Malayan Ereweries New Berandah

261.

до

$2.00

Rubber

$240

$3.37

$2.35

Tin Ltd.-. section,

Hotel "In

the utility China Lights, Electrics and Singaporo Cold Storage

Instirarice Telephones were moderately South British active but price changes were strain Trading

Busta' Blemeli Ep negligible..

United Engineers Ord,

July September October December January

23.42

*08.20

38.30

34,70

30.00

In the US the average spot

PRO B-I

B∙I EA

COMPANIES

PENINSULAR & ORIENTAL S.N. CO.

PASSENGER/FREIGHT SERVICE

Outwards "CHUSAN”

"CANTON"

•

"CORFU"

+

"CHUSAN"

**

Leaves London Dre Hongkong

Salled

16th February

8th April

2nd FebruATY

12ad February

80th Marcha

8th May.

Via Southampton, Colombo, Fantang & Singapore. Homewards Leaves Hongkong Duo Lendon

"CHERAN"

"CANTON" *CORFU” *CHUBAN"

18th February

goth February

3rd April

12th May

21st March

5th April-

18th May

13th June

Via Singapore, Penang & Colombo. FREIGHT SERVICE

"SUNDA" In Port "BUILLONG" loads 31st Jan.

Ist Feb..

"BALMARA” due gist Jan. **SALSETTE" due 20th Feb. "SUNDA" loads 11th Feb,

from UK. for Singapore, P. Swat- tenham, Havre, London Hamby, Rotterdam, Antwerp

Cruge

mouth from U.C. from UK.

for Singapore, P. Swat tenham. Havre, London, jamburg, Rotterdam,

Antwerd & Grange -mouth

from UK.

**SOUDAN" the 2nd Mar.

'ALL VESSELS OUTWARDS AND HOMEWARDS WILL PROCEED BY THE CAPE OF ɑoop, HOPE UNTIL FURTHER NOTICE.

BRITISH INDIA S.N, CO., LTD. 1258-- A BUNDRED YEARS OF SERVICE — 1950

'from Japan “WABORA" due 3rd Fob.

salis 4th Feb. for Singapore, Penang,

Rangoon, Chittagong o Calcutta

"SANTHIA" que 4th Feb. Halle 5th Feb.

“SANGOLA" Bué 23th Feb. anila 201 Tob.

from Japa

for Singapore. Penang, Rangoon & Calcutta

from Calcutta, Rangoon

& Bralta for Japan

P. & O./B. 1. JOINT SERVICE

“UMARIA"

due 21st Jan, salle 23rd Jan.

from Bombay & Karachi jer Japab

Cochin,

from Japan for Singapors, Bombay Karachi, Basi rah di Kuwait

14.92-90 10.96

"ITRIA"

10.31

đuo 29th Ján, Falls 30th Jan.

10.73-7

18.24-2

10.09

10.00

"TTAURA”

1st Feb.

from Japan

10.00

alle 2nd Feb,

United Pres.

For Bombay,

-Basrala

Karschl

PRICES

CHICAGO LARD

Chicago, Jan. 17. Prices of lar futures closed $160 today in cents per 1, as follows:

EASTERN & AUSTRALIAN S.S. CO., LTD. "NELLORE" due sth Feb. "ABAFURA" 11 gth Feb,

from Australia

for Bandakan, Nabeul, Firisbane, Sydney, Mel- Bourne & Adeisida

· Až veiteľa hayo liberty to call at any`ports on or off the route'à the route à salting are subject to change or amendment with or without malies.

$52.50

110,200

$9,40

Bron cundiy,China. Mail Epecial.

**197

"Wheelocke attracted atten-Work tion at the lower levels and recovered 13 cents to $7.20.

"Docks wore a Arm spot Exchange Rates

and closed with unsatisń od *.buyer'd at $40.

Kumistada waai - Curse - Kn the local

| Intrainer; à%/ Use dollowing ratan %---

Ir tie atores section both | Ungodlike tom: 13:00 Dairy Farme and Watsona atacting moter (per) #1) have indo more leadwáý. | Astendere moteu" (per VICT

Indonesien:supish (per: 100% ( In Industrinia, Cements water site tient (p 100) – ‚well" supported.

January March

May JTTV September

10.03-00

15.50-70

15.30

10.95

20.00

feci Prom

NAMESAKES

Anawdor-1 Jesting. 2 War time, 8 Colonel, 4 Chuckle, Questions, i

Answers,

For full particulars apply to i MACKINNON, MACKENZIE & CO. OF HONG KONG LID. Telephone Nos: 27721-4.