THE CHINA MAIL, FRIDAY, MARCH 17′ 1957.
TRÁDE and COMMERCE SECTION
Page
MARKET TURNS SUDDENLY DULL WALL STREET London Stocks
Turnover Falls Sharply
PRICES DECLINE
By A SPECIAL CORRESPONDENT
the Stock Exchange this Demand on week collapsed suddenly and mysteriously and prices closed fractionally lower on the week.
Ice House Street men could give no clear reason for this week's dullness. "It has been a feature of the London and New York Stock Exchanges, as well," one leading broker said, "But apart from this 1 am at a loss to explain it."
Share tumover slipped from million last more than $5.5 week to just over $3 million.
This week nine shares were lower, ten were steady and five were higher. The previous week's tally was eleven higlies. eight lower and five sleprty
Seven xd
ane
to
noted that a number of shares are now quoted ex dividend. Utilities were inclined drift fractionally lower for no ļ apparent reason other than general inek of interest.
Docks, Hotels, Dairies and Watsons Inalatained their recent steadiness an else- Inhere there were few changes."
Balance Sheets
Several stares are quoted ex dividend this werk. They i- clude The Hongkong
I have received two company Shanghai Bank. Star Ferry, HK
this week-Humpreys Electrics, HK
Telephones, repart
and Hongkong Lands,
Kwong Sang Hong, Vibro
Pilings Rubber,
Threo companies have announced dividends: Merenntlic Bank, a 7
distribution, με
for making 14 pe
the year: Union Waterboats, $1,70 on old shares and 85 cents on news
and Amalgamated
rr China Provident, $1.
new
The Chairman of Humphteys, Mr E R. Childe, discloses that profit for 1950 was $1,044,368, an increase of $380,588 on 1955. To this figure is added $101,410 brought forward from 1955 wi $3,990,244 from the male of the company's Kowloon properties (last July), making the sum of 35,141,822 available for appropriation,
The major part of the prits reeds uf The sale of the
Kowloon properties is
enfried to capital reserve, Mr Childe stated.
Waterboat's dividend Union compares with $1.80 last year, but on March 20 Inst, the cum- pany made u bonus issue of
ruising one for two,
Issued capital from 142,800 to 214,200 shares. With the payment an the
shares,
distribution will therefore be up treen $257,148 to 3303,577.
China Provident's dividend is unchanged at $1 and distribution will
amount to $1,207,283. company reveals that profit for the year is $1,512,622, which is this week: slightly below last year's figure.
Алете feature
18
no
The
this
outstanding 11 the marke week. Most of the movements
Hongkong Land Investment disclose u prófi of $8,909,100 for the year against $7,017,017 last year.
Here is a diary of the market
are fractional; I anything the Friday: utilliy section appears to be the heaviest loser,
Market Diary
Monday:
Electrics and China Light may however du better on inlay's news that the surcharge is not Tuesday: to be altered.
Utilities Drift
Slendy undertone.
T/O: $880,000.
Dull and feature- less, T/O: $610,000.
Lacked Interest, T/O: $763,000.
Wednesday: Quici conditions.
Here is an authoritative Ice Thursday: House Street account of the market this week:
The Stock Market has been generally dull and featureless during the last week with the result that there was a sub- stantial drop In turnover which totallet only $3,004,000 compared with $5.5 million the previous week.
Consequently, price changes either way have been almost negligible, but it should be
As
T/O: $371,000.
Quiet, T/O: $340,- D00.
Exchange Rates
Wil
Busin
done in the local unofficial exchange market US dollar (per 111 morning at the following rates:- Sterling nutes (per £1) Australlen notes (per £1) Indonesian rupiah (per 100) Siam ticals per 100) Singapore (Straits)
A SAFE DEPOSIT
for YOUR FUNDS
6.14 10.10
12.04
10.50
28.70
1.00
★ The Share Market At A Glance
HK Lando
18m
Up or hown steady
Jan 24
IK Bank Lombard Union
1615
Feb 7 1000b
Feb 14 1010b
Feb 21 1615
Feb 28 1505xd
374
057
952
37% 047%
38n
steady
045m
936.m
$10
Wheelock
0.75xd
4.75
6.55
6,85
6.90
+150
FIK Wharf
9840
0134
102
1004m
1001
HK Docka
494
45xd
4615
47%
Provident
11.20
13.40x
13.40
19.30
13.30
HK Hotels
15
15.20
10.30
14.50
15.60
€12
01
0314
--500
HK Really
1.325b
1.40b
1.425
1.425
140m
50
НК Ттага
23.20
23.00
23.40
23.20
Klar Ferry
143
146
144
142m
128x9
+$1.50
Exumatis
103
103
104
104
105b
108
steady
Ch Lights
23.30
22,90
23
280
31.
31
314
zaxd
K Telephone
24.30
24.00
25.40
26.70
23.60x₫
-40€
Q.1,
3834
38%
3814
3714
Diary Farm
15.4D
15.90
15.00
16.10
1420
+100
13.70b
13,00m
14
14.20
14.com
steady
6n
6.10n
0.101
steady
4.851
4.85m
4.55mt
4.80
4.85%
pleady
9.70b
9.251
0.70b
9.75m
9.15b steady
4,40n
4.70
4.70%
4.70
7.00h
8.35
8.40
8.25
4.10 8.10m
steady *150
Electrics
IK
at Cement
A.B. Watson Yangisze Allied
HK & FE Inv Textile Corp Nanyang
HONGKONG
STOCK EXCHANGE
(From Our Correspondent)
Business done on the Hong-
kong Stock Exchange this morn- ing amounted to approximately $340,000, Noon quotations and the morning's transactions;
Shares Buyers Sellers
BANKS
INSURANCES Union..
Bales
31
New York Cotton Futures Gain
WORLD PRICES
New York, Feb. 28.
EVENS
UP AT CLOSE
New York, Feb. 28.
Moving Upward
London, Feb. 28.
inched higher
Stocks
Stock market attention continued to centre on Individual stocks in special situations while the today in quiet cautious main list moved narrowly and idly.
Southern Railway (Com.)..
Sleep Bock (Turontoex.). Standard Brands
Standard Oil of Cal, Standard Oll of Ind.
There was a general evening as the time up late in the day
announcement approached for of Israel's decision on with damwal of troops from Arab territory. It is fell generally traders have been
been holding back Fludebaker-Packard Corp.
the Swift & Do ........ pending clarification of ino | Texas C. Middle East situation,
Industriala closed with a loss
of 1.64 points to 404.62 in their
average, with a two-point drop Ira
Blandart Oll of N...... Drug Co. (New) SterVan Camp.
To Waler A, O Twenty Century Fox Film Union Carbido
Union Pacifio Raliway United Alrerats
United Aircraft weighing a Foul "R"
U.B. Gypsum leaviest here. Raila finished U. S. Line Co.
unchanged at '141.04 and utilities Us. Itubber off 0.13 at 70.40.
Turnover for totalled 1,820,000
the
118, Smelting UB. Bicol ussion) Warner Bros. shares, jusi Western Union Tal
Westinghouse Electric West Va. Pulp & Paper 1Woolworth
matching Wednesday,
Most Active.
One of the most active is
was Repubile Aviation which moved up sharply In response to an Air Force
antiulcement
of plans to order mass produc- tion of its new F-105 fighter- bomber. It rose 4 pointe on a 10,500 3%
in $28% active list.
trading.
4buted
United Prew
Middle East settled and
Some of the buying was attri- to optimism that the dispute inay be the Canal opened for traffic in the near future?
Leading industrink shares were around three penco. Hoovery the vactrun cleant company, jumped 4 shillings on a good earnings estimate. C. A. Parsons and Reyrolle added 3 shillings each.
up
Qils were wanted, with Beİ- tish Petroleum, "Anglo-Egyptian "A" and Burinah leadingTM the way, gaing rangest to more than 2 shillings in tħla group, Bur Canal Co. was marked up 19 258.
Brisb Government honda [ruled £% to & lá blgher but were below the day's best.
Press,
New York Foreign liens did Utile-United
Exchange
New York. Feb. 28.
share opening and held Canada
the gain,
closing al third place on the
Closing rates were;
England
14
30-day futures.. 90-day futures..
Rails had
Australia New Zealand South Africa Switzerland)
Motors were easier, domestic
narrowly mixed
olis
Cotton futures today opened steady and managed to show small gains through most of the mostly session.
Closing prices ruled up 2 10 9 points compared with opening gains of 3 lo 17 points. New Orleans closed up to 7 points,
Relatively
dicalings quiet featured March contract adjust- monta, along with a routine 35 month-end mill demand in near-
by deliveries,
K Bank XD East Asla
1570
244
123 THA
30
SHIPPING Ana Nav. 127 Wheelock
1.23
3000 1.30 1000 ₫ 0.25
100
DOCKS, ETC. K. Wharf Prov. (0) 13.20 13,40
LAND. ETC.
26 13.30 000 kr 13.20
New crop months were reia- tively neglected while traders awalled further soil bunk, joan or other new incentives.
March contracts opened on a show of strength. In absence of delivery notices, and under 1600 4 15.09 trade buying,
the spot month 500 15.00
IK tintel 131 14.00 1000 15.CO
HK Land
Shal Lond. Humphreys UTILITIES
2
1000 i 1815 rose 85 cents a bale at the start,
then drifted back irregularly lợ, give up about half of the rise.
30 04
200 04
1000
B3
04
10
Tra
22.00 23,30 500
23
500 g 23
Star Ferry
XD
Yaumati
136 104
C. Light..
Electric, XD
Telephone
XI
100 23 23.20 6000 23.30 3000 23,10 30 30 2300 r 30
23.00 24 3000 er 24
INDUSTRIALS Ceinent, XD 32 Hose
12.83 STORES, ETC. Dnary
10.10 19.20 Watson
14 14.30
COTTONS Textiles Nanyang
4.7215 4.20
B.OG
The Commodity Credit Cor-
WORLD
RUBBER
MARKETS
New York, Feb. 28. The rex contract today closed 45 to 80 points higher with sales of 150 contracts.
March
الاملا
July
September
November
way.
small changes elther
Of a total 1,000 issues traded, 402 were higher, 431 lower 263 unchanged with 3 at now highs, 10 at now lows,
NY Stock Exchange bond volume was $3,335,000.
American
Stock Exchange
volume was 680,000 shares.
Dow-Jones closing averages
were:
30 industrials
20 Falis
15 utilites
66 stocks
40 bonde
Comm. future price index..
Closing Prices
Alden Inc. Acy,
31.00
Allied Chemicala
31,00
Aured Mula Inc.
20.80
Allis Chalmer
30,12
30.43,
Standard contract closed 45 to
poration reported entries for the 83 points higher with sales of week ended Feb. 22 totalled one contract. 33,083 bales against withdrawals
of 37,377 bales, marking the second week redemptions ex- ceeded entries the net stock of 1950 crop
loan cotton under totalled 4,103,400 bales,
The mid-February parity price for cotton was reported at 36.81 800 4 14.20 cents, up 25 point from January and compared with 34.72 cents in mid-Feb, last year,
200 14.20 500 @ 14.10
New York Sugar
Market
New York, Feb. 28.
sugar futures
World No. 4
closed 1 to 15 points lower with sales of 1,113 contracts.
Volume
4,000
11,500 4,800
Open interest
43.900
Menth
Mar. May
July
360.000 141,200
Out
7.100
107,000
Dec
4,900
143,000
Mar
1,300
00,100
Mag
4,000
58,500
July
2000
33,700
Tutal
46,200 1,011,000 bales.
NEW YORK
March
May Juha
September November January Magah
31,00
31,00
20.80
30.04
3045
3016
"Higher trend reflected the ac- Lion of London cables, plus a relative scarcity of shipment offerings from the Far Enat. Dealers niso were impressed by reports of a fair-sized demand from European consumers,
Hamburg was reported a pro- minent buyer in Parts over the past day or two..
European interests were also accredited buyers in the Far East.
1!
Experts here thought the ex- pected reduction in Continental
Prices of futures closed today rubber consumption, growing
33.351
33,10
33.25
out of fuel rationing, had been overplayed.
Assumption foreign consumers have
|
American Airline
A. Cable & Radio Corp. Amerkan Cyanamide Co.
Am. & Forgn. Power
American, Metal ... Am. Blach. & Fary
American Belling Am. Sugar Ref. American Tel & Tel American Tob. "B" Anaconda Copper Armed Steel Acmour
Ohio
Alas Cons, Mining Baldwin-Lima-Ham. Baltimore & Benefic Fence Bendix Aviation Corp.
Benguet Cans Bethlehem Steel
Hocing Airplane lorden (The) Co. Burroughs Add Machine Canadian Pacific Rt. |Case, (3, 1) Co.
Cat. Tructor Celanese_Corp.
C. 1. T. Financial Corp. Chase Manhattan Bank Chrysler Motors Cumax Molybdenum
Colgate-Palehollve Co. Colombian Carbon Casinserclat · Credit Commonwealth Elec. Consolidated - Ediscos Continental Oll of Del Crown Zellerbach Cuban Amari. Sugar Diamond Alicat
Douglas Aircraft
Dow Chemical
was been
Dupont de Nemours Faster Airlines
Eastman Kodak
consistent fal-aized users dur-
as follows:
Domestic No, 6 sugar futures to 13 closed 3 points lower points higher with sales of 386 contracts.
8pot
arch
May
July
34.28
October
3300
ing
the
December
20
March May
315
32.91
July
5460
NEW ORLEANS
World futures weakened after strong start. Inilal gains up to 14 points were converted into new losses under producer hedging and profit-taking. Some stop-loss orders werd touched off on the way down.
Domestic futures were steady
trade
covering reflecting March
on
rising tendency in raws
Contract No. 6 (domento)
Ford Motor
I Pass National Gas (New Family Finance Corp. Suez Canal stoppage Firestone Tyre and now are
operating on very low Inventory. Locally, deneral Electric small sized
were General Foods factories
General Motors showing a broader
interest in
Gen. Pub, U. Četty Ou Gildden Co.
the delivered mig factories Goodrich.) Co.
The
Prices of futures closed today were reported trying to sit on as follows:
the rise for the time being.
Spot No. 1 Rss was quoted, nominally at 31:46 cents a pound.
Spot
LIVERPOOL
34.00
34.97
34.60 33.00
Futures closings, in pence per lb, were as follows:
Mar./Apt.
Mayuko
July/Aug
|-Dá
SINGAPORE
The market ruled quietly sleady throughout the day on short, covering, Futures:
No. 1 rubber per ib. Mar, say-081
Apr. 896-0815 No, a rubber per 1b. Mar. 85 No. 3 M
No. 4
"
Spot rubber unbeled .... Blanket crepe,
No. 4 pale crepe
Gulf Out
Goodyear Tire
Heyden Newp
Corp. Homstake Mining Co. Ingersoll-Rand
Inland Bleel Co. Interchemical Corp. Int'l Business Machines Int Harvester International "Nickel International Papers: Inti Tel, & Tel Johranville Co
| Kannapott Copper
| Liggott Meyers gob. Co.
Lockheed Zairgraži
Loews Incor.
Lone Star Cement Co. -6835 | Lowenstein & Bone MacDannel Altorati Mosat Iron Cars Minnesota Dining
wta firm with pence per
Contract No.
(world)
March
0.24
May July
October December March May
May
0.26-20 July
July
September
6.224-20 21.04
Marel
4.95
May
4.06
July
4.30
Spot (centa per (b. fob Cuba) 8.35
Old contract
May
B.50
July
3.04
LONDON
September
Oct/Nov.
-0.02
November
5.05
Dec./Jah
The market.
Spot (cents
per io. elf NY
New contract
ex-duly)
5.45
Mar/Apr.
20.10
Lintied Press.
May/Jun
16. Files:
Oct/Nov.
No. 1, Ras, zoś
Dec/Jan
Beillement fous term:
Edyptian Karak
April
Jan/Feb.
€0.00
May
Juno
201-20 20-25
April/June ?
Oct/bee
Jatt/Mar, **
in
cruzeiros per kilo were as fol- lows:
Marori, Azesi and: Estęby, crape: thin)
#high
March MAYAN July
unquoted
Chquoted
December
LOMBARD HOUSE
6%
Det £100
LONDON
STABILITY Interest Assured
SECURITY Auséia exceed £10,000,000 SAFETY No Risk of Depreciation BAVING
No Charges of Fees SERVICE Convenient Withdrawals
Bend today for "Bank · Déposli ¦ Account” booklet No, A074 from General Manager
LOMBARD BANKING
LIMITED BANKEK *..
LOMBARD' ' NOUSE,' CURZON · · STREET PARK LANK, LONDON, W. GRO ALLE (1)
Branches and Agents throughout the World" }
London Foreign Exchange
Landon, Feb. 28. Closing raten, were det.. New York
279 11/16-37012 Montreal..
2.01 18/14-2.48. ZOOTS=10.08
Amsterdam Brunette
July/Aug
BẢO TAUTO.
Cotton future, closings,
spot quoted at 20
||Mlation"Developmen
Monsanto Chemical Co.
| Montgomery Ward
Motorola Ing. Rational Cash Ret. National Hairy Brod. National Lead 4
2015-2016 National desi Corp.
New York Orattal·
2016-201 Oun Mathieson
alla Elevaton
Padine Cat & Elec. Přání "American Airways Partouze Pictures ·
orien Parka Pavla, Co.
Pari, Sale-06/ Phalp Morri Procter & Gamble, Co. Pitaburen Plate Class Publloker Industries
PROCESSERT 13 The municet was fint. Prices Pure Oil
31754-147514 In the United States, the | kilogra
24X72/5=140.7ang
Copenhagen Trankfurt
19.4114-IRAINS.
· 17801-1181
Brookhalen
Durkh
Others
Press.
United
average price/ <time-inch cat”.
lớn rồi lin
bits was totalled Proc
Tubber
Radio Cortoration
followay kuysokie Metal 2.53 pom.:) Baldi Ret. Faow 20
113 nom. Bouth Puerto, B1860,
Houtbernors Sound 20%.
404.02
241.04
70.40
104.04
157.13
1,04 7/10
3.703%
278 18/10
2.783
12316
1.18 13/16
2.50 3/10
233116
United Pres
NAMESAKES
Answers:-1
Chemistry,
2
Poland, 3 Radiation, 4 Franco,
5
Elementary, 6 Nobel, 7 Physics, 8 Radium, & Warsaw,
10 Hospitals, 11 Science.
Madame Curie,
PO B1I EA
COMPANIES
PENINSULAR & ORIENTAT
SN. CO.
PASSENGER/FREIGHT SERVICE
Outwards "CORFU* "CHUSAN" *CANTON"
"CORFU"
Leaves London
Salled ith April
211 Apri
zeth May
ཅས་ སམལ་
30th March
8th May
10 June
Oh Jer
Via Southampton, Colombo, Penang 2 slugspare,
Homewarda "OORFU”
Leaves Hongkong Due LanÉON
3rd April
"CHUBAN"
12th May
4th June
"CANTON" "CORFU”........
13th July
L2121 May
12th Jude
TO BE ......... ADVISED
Via Singapore, Penang & Colombo. FREIGHT SERVICE
"SOUDAN" Que 2nd Mar.
“BALSETTE” Lords Oth Bica.
from U.K.
for Singapore, P. Swel- tenham Fonsi Lum don, Hamburg, Bostic- dam & Antrsen.
from UK
trom UK
froen UK.
"SINGAPORE”que 12th Mar “BALLARAT due 17th Mar. "SOMALT" due 23rd Mar,
ALL VESSELS OUTWARDS AND HOMEWARDS
My WILL PROCEED
THE CAPE OF GOOD BORE UNTIL FURTHER NOTICE.
BRITISH INDIA S.N. CO. LTD.
1454-A BUNDRED YEARS OF GERVICA -- IM6 "YULTALA" due ôth Mar," from Jaden
for Bingapore, Rangoon, mails eth Mar,
Chittagong, Visakhapat- ham de Kakinada: "BANGOLA" due 30th Mar, from Jupaci
salle 17th Mar,
"SANTHIA” due 27th Mar.
ال مالهم.
Max.
for Bingapore, Penang. Steponas Palcutie · from Calcutta, Rangoon de Straita гот Марка
P. & 0./B. I. JOINT SERVICE
"ITOLA" "IKAUNA"
đại. And bằng galle 5th Mars
"OZARDA due 2nd Max.
"ISMAILA” due '12ti Mar>
from. Bounowy ở HN ghi for Japan
from Janso
far Singapore, Bombay, Ekaubagar, Karaenk Bwerang Khseramati & Kuwait from Bombay à s'pare for Japan
EASTERN & AUSTRALIAN S.S. CO., LTD.
"NELLORE" Loads etti Adar..
· for Bandakan.” Rabaul, Brisbane,” Bydsay, "ktal- bourne: ls Adelaide "NANKIN" || 1064s 1812; star." -for: Bydney, Be
bouma direct
"All vessels have liberty to call at any porte op „opë, att live route à-tha sexlo di sailing äriʻmichfaci to change or 'amendment (with or without potice,
To full porthalury suple va MACKINNON, MACKENZEL & C9. OF HONG KONG LID. Telephone Hov: 277214.
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