1957-02-22 — Page 9

THE CHINA MAIL FRIDAY, FEBRUARY 22, *1957.

TRADE and COMMERCE SECTION

Page

WORLD New York Cotton

SHARES MOVE UP AGAIN WORLD

RUBBER MARKETS

New York, Feb. 21. The rex contract rubber futures today closed 10 to 80 points higher with sales or 20 contracts.

Futures On Upgrade

New York, Feb. 21.

Pro-holiday covering and March contract adjustments, combined today to keep cotton futures on a slight upgrade for the second day in

Volume Open interest

10,000

But Prices Close The Share Market At A Glance ★

Below

Up or

Jan 17

Jan 24

Feb 1

Feb 14

Feb, 21

down

1015 37 95714#

1600b

10100

1615

+15

38n

37

28m

steady

03214

84734

945m

steady

0.75xd

0.75

6.75

0314b

9714

102

6.85 10034m

Mar.

49b

49

45xd

403

+750

May

30.14

13.306 14.906

13.20

13.40m

13.40

13.30

--100

Jubr

24.03

15

15.20

15.30

15.60

+200

Sept.

20.00

a row,

Nay,

62

62

61

6314

0434

+-81

Jatt.

29.10

JUIC Realty

1.3256

1.325B

1.40b

1,420

1.425

HK Trams

33.40

Star Ferry

143

23.20 143

23.50

23.40

23.30

steady

200

Mar.

30.83

1409

144

142m

Yaumalle

103

103

104

104

103

+51

Ch Lightn Electrics

23.30

23.10

22.90

23

ak

+100

Standard contract closed 30 points higher with no sales reported.

10 ig

Abrodice of lendors on first | Month delivery day brought scattered March covering on the epot month, July which edrog up to near the Oct 3516-cent level for a cumulative

MAT.

3144

31

314

31

3114

+269

24.60

24.30

24,00

25.40

26.70

+306

Mar.

30,10

G.I. Coment

384

384

384

381

373%

31.25

Mary

20,14

Haley Farm

15./10

15.40

16.90

15.00

10.10

+800

July

29.03

the market

Sept.

29,00

a

A.H. Watson

13.60b

13.70b

13.00M

14

14.20

+200

Nov.

20,40

recovery of about 3 cent from Mas Monday's low,

After gaining 50 cents a bale, eased at the close under day-trader reallalang bulb, wero as follows:

July

Tifal

Yangtses

On

6.101

0.100

--100

Jan.

20.10

Mar.

28.03

Ailled

4.850

4.85m

4.85n

4,8Bn

4.80

-50

still closed net 2 to higher,

4 points Old contract

IFE Inv

9.80n

9.70b

9.75b

9.70b

9,750

stendy

were up

2 to

also New

Mar/Apr.

May/June

July/Aug.

Textile Corp Nanyang

4.40n

4,40n

4.70

4.70%

4.70

Oct/Nov.

Dec/Jan.

1.16h

7.00b

8.35

8.40

8,25

23.30

May

44.500

10,300 $79.900 7,400 239,000

1500 151,000 115,000 43.00

1200 89,100

000

15200

2,400 28,604

42,100 1,000J100 bakım

LIVERPOOL

Futures closinga, in pence per

The Week's Highs $52m TURNOVER

By A SPECIAL CORRESPONDENT

Turnover again topped the $5 million mark this week when share prices registered further rise the Hongkong Stock

Exchange,

on

But prices closed generally lower than their mid-week highs after two days in which a slight drift was apparent.

This week only dividends were

three announced

--A. S. Watson's unchangel $1 and one for six bonus issue, Green Island Cement's $4, also Un- changed, and Hongkong Engineering's final of 10 | cents (plus 10 cents interim -making a total of 20 cents) and cash bonus of 20 cents a share.

I hear that Dock'a dividendi ta due "ny day" now and they

bro expected to show n pro! of about $7 million

throughout the past week it was disappointing to find that there

was no real follow- through to the more promising fone evident early on.

However, the business has been steady with the total turnover exceeding $5.5 million,

volume

MARKET DIARY

Here is a lary of the week: FRIDAY: Stimulated

which, if

MONDAY!

true, is on improvement of about $3 million on last year's figure.

LAND SALE

They paid $3.50 dividend and bonus last yeas

52 against dividend fra 1954 on their $2,10 million profit.

Yesterday the share sold at a high of 34744 which is 70 cents up on the week nud talk is that; distribution

may egula bre

higher. At the same time there โ talk of a land sale In Aberdeen which may also résult in a carh hand-out to share- holders.

These are the factors behind Dock's rise this week.

Hongkong Hotels are up 20 conts this week which takes them up. 00 cents on the month. There is a market report that a new issue may be made later.

Yaumati

higher they are to $107-$108 earlier TOSC wealt-on reports of betler earnings. Dairy Farms, up 20 cents on the wećit, are also sup- posed to be showing better results.

this

CEMENTS LOWER

Cements have Jalten $125 on the wook after quite

A long period of steadiness. Although they are paying on unchanged $4, earnings are reported to be down.

TUESDAY:

further

Company

دا

of

MARI

ZIEMAN,

the Stock Market

closed on a more cheerful

ruited

770: $1,734,000. Markel sleady with in- terest

faurly widespread. T/C

$1,080,000.

tend

to

BK Dank Lombard Unton Wheelock HK Whart HK Docks Provident HK Hotels HK Lands

HIK Telephane

1640

3739b 9571

7.20

93

steady -150

WALL STREET LONDON OIL

STOCKS SHOW IMPROVEMENT

New York, Feb. 21.

SHARES

IN DEMAND

Extreme quietness of the terminal market was coupled with pre-holiday consideration, the unwillingness of deniers to trade pending the development of now incentives, Steadiness of the primary

markets restrained sellers.

While potential buyers con- versely were hesitant in face of the continued slow domestic consumer demand.

Switching of September-

March and March-May contracts made up a part of the small

Opening prices 1 points, Orleans closed up 2 points,

A higher domestic consump

ion report for January, along with soll bank and loan con- siderations helped to keep prices above the previous close.

picture Was

tex

The

New contract Mar/Apr. May/June July/Au Oul/Nov.

Dec/Jan, Egyptian

Karnak Jan/Feb.

SAO PAULO

per

In

Closing futures prices, Cruzeiroa

kilo WETC 95 follows:

March, May and July unquated.

32.40 38.50

export coloured

by news of colton pur- chase authorisation to Italy for the 5,000,000 sufficient to cover purchase of about 33,000 bales, The contracting period will be October Feb. 27 to May 31, with delivery | December to be completed by

mid-June. In the US the average price Когда

cotlan also was reported in of the

for about 20,000 designated spot market market bales with offers due on Feb. 20 33.80 cents. for March-April shipment. London, Feb. 21.

Shipment offerings wore ro- Open March contracts today Prices on the stock exported light and too high priced totalled 64,500 bales the certi change favoured the up. to interest local buyers. Spot fented stock remained at 3,881

No. 1 Rss was quoted nominally bates.

Stocks improved, irregularly with special | side in a mixed and quiet issues showing strength today.

asta Kodak

Trading Bghtened in advance | Easter Airlines of the long holiday with a few outstanding exceptiona. Indus take lost 2.07 points no rails .52.

Prices fractional-

Corporate news was mixed, where ly lower

cils, Gulf Oll lost 2/2 Ju changed. $1,080,-

pointa,

1, Royal 000,

Getty Oil Dutch

Standard of WEDNESDAY: Prices

136. and

Other olls drift lower. T/O: California a polat,

were easier with the exception $540,000,

of Barber which rose 3 points after falling to appear on the tae yesterday.

THURSDAY:

No

material change. Prices fluctuate either way within nar-

Steel issues sold off with US rw Umits. T/O:Sicel down a point. $1,178,000.

HONGKONG

STOCK EXCHANGE

(From Our Correspondent)

13

Chrysler lost a point In the motors, Du Pont in the chem- leals, and American Smelting in the metals among

the leaders. Rails held in a nortow area.. Most utilities were higher,

Feature

tis Huffman machinery, pearing on blocks ranging

El Passo National Gas (New) Filly Finance Corp

treatube Tyre

Ford Moter

Ceneral Electric

General Foode

General Motors

41

trading day.

bolstered Increased demand

British 31olls, with

Petroleum, 23 Shell Transport and Royal Dutch

the lenders.

399

Gen. Pub. Utu Getty Oll

Glidden Co. Goodrich B. F.) Co. Goodyear Tyre Our Ol

110%

Hoyden Newport Corp.

Homstake Mining Co,

Ingeril-Hand

Inland Steel Co.

74

627

3074

International Nickel

Int'l Business Machinga

Inti - Harvester

International Paper

Int'l Tel & Tel

| John-Manville Co.

Kennecott Copper

Liggett Meyers Tou,

Some low-priced industrials improved slightly on good earn- ings reports, but the overall list was quiet.

Early losses in British Govern- 12ments bands were pared down

to fractions by the closu,

Copper shares attracted some 100% small support, and some scatter- recorded 100% ed smail gains were

31 among rubber issues, Dollar

stocks were irregular,

Kanson C. Power & Light

sa

100

057%

40

10

331⁄2

NEWS TN Aircraft

Incorp.

Lone Star Cement Co. (New)

Lowenstein & Suns

McDonnel Aircraft

Mesabi Iron Corp.

Minnesota Musing

Mission Development

Monsanto Cheinical Co.

Montgomery Wani

ap-

National Cash Reg. "A"

10

National Dairy Prod. Nallertal Lead

30,000 shares. featured the

National Steel Corp.

Owen-Illinois Glass

Ous Elevators

market in lumover. Central New York Central Hustson Gas & Electrie, ordin- Olin Mathieson arily a dull issue, had a 10,000- share block. American Radiator Jate in the day appeared GD blocks ranging up to

8,000 shares.

Business done on the Hong- Vonk Stock Exchange this morning amounted to

$585,000. Noon proximately

Otherwise the dealings were morning's quotations and the

Shall with sales for the session) transactions:

totalflag

1,080,000 shares, Bayern Sellwes Balen

past 1,700,000 shares in the 21013 previous ssion, 1020

Bhares BANKS

HK Bank.. 1005 EDS Antu

INSURANCES

Viton

0.00

100%

$HM

to br

10

045 ሁ

6.00 2000 or GIS

102

Both Hongkong Electric and China Eights are slightly higher | Lombard

SIEPPING but brokers do not expect very

Wheelock much movement in these shares

DOCKS, ETC, until the companies have given K. Wharf. their caswer

Dock to protests against

Στον. their decision to raise the sur-LAND, ETC.

(0) 13.20 13 1000 + 13.30 charge.

there Hotel 15.00 1580 1000 Brokers feet 13

to believe that the companies will alter their

decision

no reason

www....

15.00

500

e 15.10

2500

16.00 2000 18,70

04 04% 2000 044 1,375 1423

All security and commodily markels throughout the US will be closed for the Washington's

birthday holiday.

Pacific Can & Elec.

Foreign bonds continued quiet with Japanese liens showing sume firmness-United Press.

New York Sugar Market

New York, Feb. 21. World No. 4 sugar futures to- day closed unchanged to 5 points lower with sales of 431

business.

at 30% cents,

SINGAPORE

The market opened higher on slight overstas improvement but exood lacking interest and ruled quietly steady throughout the rest of the day.

A

FP

No. 1 rubber per ib. Mar. 0034-87 Apr. 8044-07

03-0915 No. 2 rubber per Ib. Mar. 843-844 No. 3 No. Spot rubber unbalad Blanket crepe No. 1 pale erepo

801-811

8036-87

2011-7836

one-inch

at

14

TAMOS

Total sales at these markets was 24,001 bales.

New York and New Orleans cotton prices were unavailable-- United PresI,

P.OBIE&

COMPANIES

PENINSULAR & ORIENTAL S.N. CO

PASSENGER/FREIGHT SERVICE

Leaves London Due Hongkong

In Port 30th March

Sabed

Bth Ma

LONDON

The market was steady.

quietly

Outwards "CANTON"

Spot No. 1. It spot ....

Settlement house tenn:

2573-26

"CORFU”

"CHUSAN”

March

2941-20

"CANTON"

April/June

July/Bept.

Dot/Dec.

General markets, cit basis, ports

Feb.

Mar April Extato

Crepe thin March

thick March

AMSTERDAM

The market was steady, Prices closed today in guilders per kilogram, clf March as follows:

Pan American Airwayni Paramount Pictures

1

30% x

Jurke Davis Co.

*4432

con

Penny J. C. Co,

73P tracts.

Penn. Sax Co. Philip Morria

30%

No. 1 rubber

43

TH

Domestic No, sugar futures closed 1 point higher to 3 points Blower with sales of 244 con- 391 tracts.

No, ebber

No. 1 crepe

00

Procter & Gamble Co. Pittsburgh Piste Glass bileker Industriai Pure Oil Radio Corporation Republic Steel Reynolds Metal saint Reg. Paper Shell Ott Co, Sinclair Oil

Socony Mobiloil

Solar Aircraft

Bouth Puerta Rien Sugar

Southern National Ga

Steep Rock (Torontoex.) Standard Brands

NY Sluck Exchango bond Southern Hallway (Com.) volume was $3,045,000,

American

Exchange Stock volume was 640,000 shares.

Dow-Jones closing averages

were:

30 andlustrials.... 20 Keila

but apparently In- Land vestors are waiting to see,

Realty RUBBER Amalg.

3.475 1,45 11000 or 1.45 10000 1.42!!!

20.00 1.45

15 1112th-z

i

Trust ........a UTILITIES Train ...... 23.10 2330

1,00

Star Ferry.

240 244

Yaumati

103 100

C. Light

22.00

Electric

up $1 to $04.

AS. Watson's

Profit agains!

COTTON Textiles Nanyang ..

24.00

་

37 31

13.00

600 £31.25

57 491,25

13

Standard Oil of Cal. Standard Oil of Ind.

Standard Olt of NJ, Sterly Drug Co. (New) Stakety-Van Camp

Studebaker-Packard

Swift & Co.

Texan Co.

440.23 Tide Water Awan, nil

U.S. Rubber

12

3514

World futures drifted lower on pre-holiday evening-up opera- tions between the trade commission houses.

and

40 Dealers sald A substantlar

12% foreign demand for world raws

Is in the offing but buyera in were unimpressed futurTCS apparently because raw buyers definite indicated a

of

for Commencement

Domestic No. 6 futures were

No. 3 rubber

2.50 buyers

2.47 buyera 242 buyers

2.70 paid

United Press.

Singapore Stock Market

Singapore, Feb. 22. Brokers today quoted the following stock pricta;

49/65

عيد البيه

6th Apri

2 April

11 June

Via #outhampton, Columbo, Pening & Singaporn,

Leaves Hongkong Dus London

18th February 5th April

Homewarde

"CANTON"

"CORED"

17th Mac

"CHUBAN"

"CANTON"

3rd April

5th June

12th May

12th June

To be advised

Via Singapore, Penang & Colombo. FREIGHT SERVICE

due 2nd Mar, "BOUDAN" "BALSETTE" jonds 5th Mar.

"SINGAPORE"due 13th Mar. "BALLARAT "dus 17th Mar.

due 23rd Mar, "SOMALI"

from UK.

for Singapore, P. Swet- tenhero. Perang Lost- don, Hamburg, Rotber» dagi de AntRNET

from UR

from UK.

from U.K.

ALL VESSELS OUTWARDS AND HOMEWARDS GOOD WILL PROCKED BY THE CAPE OF

HOPE UNTIL FURTURE NOTICE.

BRITISH INDIA S.N. CO., LTD.

1158 A HUNDRED YEARS OF SERVICE --- 1969 · from Calcutte, Rangoon

"BANGOLA” due 23rd Feb.

salls 24th Feb.

5th Mar, "FULTALA" due

axila · Oih Mar,

& Straite Kar Japan

from Japan ·

SOL BIGADOrs, Hangdon, Chittagong Visakhaper- nam & Kalcisada

from Japan

for Bingapore, Batang Rangoon de Calcutta

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

"UMARIA"

19

44

6311

23% have not

Ja dato

operations.

301

148.08 Time Inc.

13

103.30 Union Carbide

1034 Twenty Century Fax Filin

0114

90.93 Union Pocille Railway

quiet and mixed white traders awailed developments in

the

longshoremen situation.

Batu Lintang Rubber Co. Brilian Homeo Petroleum

Byndicate Consolated Tin Ametters

Opening

$1,82

31/-

17.9. Folt

"SANGOLA" due 15th Mar. alle 101 Mar.

"

Contract No. 4 (world)

Finsor & Neare Lid. Ord, Froger & Neave-77 cumi.

pret.

2

4135

Mar

3.85

Gammons (alaya) Limited

May

0.00

Hongkong

Shanghai

Co

July

6.00

Banine Corp.

Sext.

Hongkong Tin Lit.

197

Mar.

4.024

Kempas Ltd. .......................

May

4.02

43

United Prom

434

July

4.02

19.00

Spot-fccnta

Per lb. tob

New Berandah Rubber Co.

Cuba)

6.25

Lid

$2.43+

Open interest: 7450 contracts.

Petaling Tin Lid.

33,03.

Raffles Hotel

$3.25

$1.58

Contract No. 6 (domestic)

Bouth British

Imuranes

$32.50

Birate Trading

$20.00

May

5.00

Steamship

16.70

Tui

0.78

United Engineere Örd.

$0.70)

Sept.

5.20

Weare Bros.

Noy,

4.02

Spot-cents per b. ch NY

ex-duty)

CLOTAY.

China

Mall

Special.

8.00

Open interest: 3,107 contracts.

United Prem.

387

20

33

PRICES

Hongkong Banks close

$1010 up $5 on the week but ard down $15 from their high on Monday.

11

The market reacled well to Hongkong Land'a

for 13 Issue (announced in this columa last week) and the shares moved | Maono E.

WATSON'S FIGURES

Telephone

23 31 311

0.70 +

(2.70 24.30 1700 & 25.80

INDUSTRIALS Coment

Rope ...... Ogures lost

week deservo comment.

de given a $1,028,303

STORES, ETC. Dairy Watton

last year's 3039,179. This is a good increase but it is still below Lane the 1932 figure of $1.00 million (when the Company was paying improvement

$3 dividend).

In the

company's position will

be well receive however.

Together with the unchanged

$1 dividend there is a one for six bonus issue which will in- cr9160

Holders of 100 in

to $7 million from $0 million

shares should receive 17 bonus phare on top of their dividend cheque which should be ample compensation for the unchanged dividuxt

This weeks,

clever shares

200 24.80 243 24.00

300 371

500 g 13.18

10.10 1020 1000 10.10

1420 14.40 1000 59 14.20 2004 14.30

Craw 20.30

4.05 4.50

a23 630

CHICAGO LARD

PRICES

Chicago, Feb. 21. Closing prices of ford fulures

cents per lb. were:

were higher, yo were steady and eight werd lower, Last week's tally was nine higher, eight steady and seven lower,

Here is an

| unofficial change market authoritative Ico

morning al Die following ratedes House Street comment on the V.s. döller (per 1) znaniet:

|Bierling notes (per £1)

J

OS stocks

40 bondu

Comm. future price index

Closing Prices

Allied Chemicals Allled Mills inc, Allis Chalmers American Airline

American Cable

Corp.

&Radio

American Cyanamide Co.

Amer, & Furgn. Power

Am. Mach. & F′′dry

American Metal

American Sinelting Am. Bugar Itel

American Tel & Tel

American Tob,

Araconda Copper Armco Steel Amour

Atlas Cons. Mbing Baldwin-Lima-Ham. Bollmore & Oblo_.... Bendix Aviation Corp. Henguet Coru.

Beneficial Fin

Bethlehem Steel

weing Airplane

15723 United Aircraft

US. Gypsum

1.8. Line Co.

U.S. Smelting

U.S. Steel

Warner Bros.

Westem Union Tel,

Werlinghouse Electric

1917 West Va. Pulp & Paper

Woolworth

LONDON. METAL

London, Feb. 31:

Prices of metals closed today

|In sterling per long ton as fol-

Iowa:

Tin spot

3-month 6211 Copper spot 53-month

Mar. May July

Sept. OKL

Borden (The) Co.

35.10 15.07

Burroughs Add Machine

15.10

14.015

14.73

United Press.

Exchange Rates

Canadian Pacifio a.

Cho (II) Cơ,

Cot. Tractor ....

Celanese Corp.

Case Mantuitten Bank CUT, Financial Corp. Chrysler Motors .... Climax Molybdenum

Colgate-Palmolive Co. Colorablan Carbon Commercial Credit

| Commonwealth Elec.

Consolilated Edmon

mwn Zellerbach

5.00

buyers sollers

766

107

740

Lead 2nd half. Feb, May

London Foreign

113 1121

Zine 2nd half Feb.

May

PG

United Press.

NAMESAKES

Exchange

London, Fr. 31. Closing rules word; (New York). “MOTROK

Answerg--1. Generals; 3 De- | ZYPE= feat, 3 Napoleon 4 Wars, Copenhagen.

Onslaught, & Wellington, 7 His P120

& Clive D Poninmutar, 10 Fortress, 11 Strategy. J

Business was done in the local

this

Continental Oil of Del..

4.14

* Low

10.10

Cuban Amer, Bugar

Although the Block Market remained fairly

Indonesian rupiahper 1991 **

Australian nates (per £1) ....

14.6.1

Diamond Alkali ...

18.30

Deusion Amperes

steady singapore (traits)

Stam tiesi (per 100) ....

28.00

Dow Chemilenka

180.

Dupont de Nemours

George Henty ¿Welter boy's books).

rich

Ekberg: were unchanged

1-13/14

-NY, excirangó 'rates were! available--United - Press,

1800 */KI

1.30 Lunas Rubber Estates Ltd. 0.00 xer Malayan Breweries, ....

Singapore Cold Btorage

Co. Ltd.

NEW YORK METAL

FUTURES

Now York, Feb. 21. Prices of metal Artures closed today in cents per 1b, as follows:-

Leid

مصاع

.

Mar.

Not

Mat.

Copper Teb.

Mar

in

Teb

Mar.

standard 1.

*TTOLA"

Que 29th, Teb, sails 27th Feb.

dua 2nd Mar, ankis 4th Mar.

"ISMAILA" duo 14th Mar.

salls 10th Mar,

from Japan

for Bingapore, Bombay, Karsch, Chibal, Kuwall, Khorramshahr & Dasral frem Bombay & Karachi for Japan

Froma S'pore,

Baby Karachi, Basrah, Khor"

ramshahr & Kuw

for Japen

AUSTRALIAN 5.S. CO., LTD.

EASTERN "NELLORE” Jonda Siti Mar,

"NANKIN"

fonde 18th, Mar.

for flandeks, Habgul Brisbane Bydánay || MM- bourne à Adeinide

for Bydney & bourne direct.

All vozila bare liberty to cxil stʻany porta en or off the route & the route à sailing are subject to charge or amendment with or without notice.

For full particulars apply in:

MACKINNON. MACKENZIE & CO.

OF HONG KONG LTD. Telephone Nos: 277214.