1957-03-15 — Page 11

TRADE

THE CHINA MAIL, FRIDAY, MARCH 15, 1957.

and

COMMERCE SECTION

SHARES CLOSE AT HIGHER LEVELS

IK Hotels

HK Landa

* The Share Market At A Glance ★

Up or

FK Bank

Feb 14 1810b

Feb 21 1615

Feb 28

Mar 7

Mar 14

down

1565xd

1500

1505

+38

Lombard

374

38m

360

37.5m

Union

347 34

945m

D35m

935

925

-----$10

Wheelock

6.75

0.85

0.90

6.65

6.80

----50

HK Whart

102

100%

1000

102

102

steady

HK Dock

4045

474

4831⁄2n

477/m

47

-700

Provident

13.40

12.30

13.30

13.30

13.10

-200

15.30

15.50

15.00

15

15.10

+100

0314

044

04

04

30x3

BK Realty

1.425

1.425

1.40m

1.375m

1.375

LEK TYRME

23.40

23.20

22.90m

21.90xd

23

steady +100

Star EUTY

144

142m

138mxd

138mxd

1356

Yazmatin

104

105b

106

108

1085

Ch Lights

22.00

23

22.89

22.90

23.10

Electrics

31

2114

30xd

30xd

20.90

HK Telephone

26.40

25.70

23.30xd

23.90xd

41.10

G.J. Cement

382

374

X3xd

33xd

3234

$50

Dairy Farm

15.00

10.10

16.20

16.10

10.10

A.B. Watson

14

14.20

14.20m

11.30mxa

11.30

steady steady

0.100

On

5,80b

5.85

Allied

4.60n

4.80

4,85

4,80

4.750

IK & FE Inv

9.70b

9.261

9.75b

10

100

Textile Corn

4.70%

4.70

4.70

8.40

6.25

8.10m

4.75b

8

4.75m 8.20

steady steady steady +200

Yaugterr

Nanyant

Singapore

Stock Market

Singapore, Mar. 15.

Brokers today quoled the tol-

howing stock prices:

Opening

Batu Lintang Rubber Co, Ltd. $1 80 Brett Burner Petroleumu

Syndicate Consolidated

Ord....

Tin

AB/-

31/01

Smelters

Finner & Neave Lid Ord....... #2 32 Fraser & Neave Ltd. 7

eun. pref

Ganon Malayaj Limited

Hưnglong de Shanghai Bank-

ing Corp.......

Kempas Ltd.

Malayan Drowerkte

Lid.

Hongkong Tin k

Lunas Rubber Estates Ltd

New Berandah Rubber

Cu.

$2.30'

£2 30

Singapore Cold Storage

$1.60

$32.40

$20.73

Petaling Tin Ltd.

Names Hotel

South British Insurance C.

Stral Trading

Straits Steamship

United Engineers Ord.

Wearne Bros. ............

steady

+2.00

Volume Declines

On Wall Street

New York, Mar. 14.

Chinese Banks.

Supporting?

TURNOVER UP

By A SPECIAL CORRESPONDENT After further losses this week, share prices on the Hongkung Stock Exchange began creeping up yesterday with an influx of fresh money.

One broker thought it might have been dividend money being reinvested but two others thought not. One said he believed the money came from native banks.

Wis

He went on to describe it as "the most cheering sign on the market for about three weejes,**

Yesterday's turnover 1917,000, the highest of the week. Total turnover this week smounted to $2.88 million com- pared with about $2.5 million Inst week.

Yesterday's rises were In- sufficient to enable the market

on the week. The tally

clght

was

Spring came to New York and stock market to show a predominance of gains traders, nothing pressing to demand their atten-eight higher, eight lower and tion, let volume decline to the highest level since wock's tally was

steady. last Oct. 23.

Prices held Arm in all groups and a few special issues scored a point or more.

2

Nickel

Am. Mech & dry American Metal

I

Anierican Smelting

Am. Sugar Ref. Ainertea Tek de Tel American Tob. "E"

70%

7/8d

A lete gain

of close to $147 0.00 points in International

#288ffied the industrial average.

rose $1.40 points to 473.43,

Rail climbed 29 points to 143.21, alili .22 to 71.41,

With the New York tempern» and hovering close Fund

to 70, the offered far outdoor $17.00 traction than the stock market

$0.051 $2.00 * exdiv; 1 cundiv eumbonus,

China Mail Special.

New York Sugar Market

New York, Mar, 14. World No. 4 sugar futures to- day closed 1 to 0 points lower with sales of $34 contracts.

Domestle No. sugar futures closed i point lower to 1 pulni higher with sales tracts.

of 23

con-

Hedge selling and realising

by recent buyers

world contract

more

at-

and volume slipped off to 1,580,-

shares from on Wednesday.

000

Anaconda Copper Armed Steel Annoura Adas Cone. Muxing Baldwm-Lima«Ham, Baltimore & Ohio Benedicial Finance

Binguet Cons,

Bendix Aviation Corp.

1,840,000 Artichem Steel

Shell Transport and trading, active feature on Wednesday

the

in its initial day of trading, again was the most heavily traded but kust 14 points to $237%, close to half the ground it gained yester- day.

recent

:

Boeing Akplans Borden (The) Co.

Burroughs Add Machine Canadian Paclite R

Care (2. L.) Co.

Cat. Tractor....

Celanega Corp.

C. IT Financial Cart Chase, Manhat. Bank Chrysler Motory Climax Molybdenum

Colgate-Palmolive Co. Conumercial Credit Commonwealth Elec, Consolidated Exison Continental on of Del. Colombian Carbon Crawn Zellerbach

Motors Irregular

American Motors, strong feature, continued of in- terest and was in accond place In the actives. It closed with a small loss in narrowly Irregu-Cuban Amer. Sugar

lur motor group.

Diamond Alkali Douglas Aircraft

There was nothing in particu-Dow Chemieni”

the lar turned

after a While

lower

action. affect market to

the general news was despite the steadier seen as not adverse, a real In- Barkelcentive was lacking for a for- Domestle futures trading lacked ward thrust at this time.

the

a special feature.

May

raw

#

totai

or

1,095 Jasuen traded, 403 were higher, 360 lower and 206 unchanged with 10 new highs and the number of law.

2014

423

47

The previous nine steady, nine lower and six higher.

Thus, on balance, the market

finished

nlmost an identical position for

three wecies. running.

Better Prospects

Brokers are hoping yesterday's better trend augure an improved demand next week.

Stock Market has experienced another week of generally dull and featureless trading ditions and consequently price changes have been negligible.

con-

WORLD COTTON

MARKETS

July

Page:

WORLD

RUBBER

September November

MARKETS

New York, Mar. 14. | Spot rubber unbaled

today No. 1, pale crepo

Blanket crepe "..........

"LÖNDÖN

The market Was quietly steady with spot quoted at 29

Rex rubber futures closed 1 to 40 paints lower with salos of 140 contracts.

March

31.60

May

31.70

pence per lb. Prices

31,43

No. 1 Its apot

81.22

Sellement house terz

SL08

30.80

Aprit

May

30,63

||June

closed 15 July/Bopt.

OCL/Dec.

Арти

May

31.00

31.70

Estate crepe

Estate стере thin

21.41

January

Arch

Standard contract

portod."

New York, Mar. 14. Cotton futures today turned Irregularly lower to 40 points with no sales re- after a firm start, with nearby deliveries yielding under the weight of hedge selling and liquidation.

March May July

September

November

January March

Apr/June

General markets, cit basis

thin March

01-00

2011-2731

April 20 Estate crepe thick unquoted

AMSTERDAM

The market was quietly stendy. Prices closet in guilders per Disquieting political news kilogram, çit April as follows:

No. rubber

89 buyers No. 2 rubber a 2003) Bayner No rubber ... 259 buyers No. I crepe

3.15 buyere --United Pro

from Indonesia

was over-

At the close, prices ruled off 12 to up 17 points. The markoj opened up 1 to 3 points. Com- sellers of May and July at the shadowed by the disappointing nuission house brokers were close. New Orleans closed off 6 action of the London-Singapore points. New Orleans and trade | markets and smaller factories. interests bought the Inter Shipment offerings were months.

ported moderate. Reported

the two sheets out of Indonesia at

Continued

in dullness demand for spot cotton textile market, plus the slow and

HK Dock fell away sharply selling by early buyers when Lio initial demand alled to

on the

announcement of

similar dividend as the pre-broaden, were the upsetting in- vious year, namely $2 dividend fluences. and $1.50 bonus per share but from the recovered slightly low of $45% before the close. Utilities yielded ground early In the week but

also they had a steadier appearance on the closing day. Cements dropped below $33 but found good suport at $32 and were quite active at this level,

group,

Daby

In the

stores Farm and Watsons resudned steady throughout.

New speculative interest con- tinued quiet. Most of the busi- ness originated among the pro fessional talent, Spot interests were accredited sellers of May of July at against purchases Ground 60 points difference, Other Kongs sold May

end July, transferring to the later position,

sales included March shipment Exchange Rates

31 cents. cost and freight. Locally, No. 1 Rss was quoted

at 31% cents a pound.

SINGAPORE

Buscar was done in the local unde!] exchange market this morning at the following rates:-- U.S. dollar (per 1) ... Sterling notes (per £1). Australian notos (par &1) Indonesian rupiah (per 100) ".. 18.00 18.75 Sarpone (äkraštu)

The market closed lower in Stam tion) (per 100) active dealings today.

It opened slightly lower on and it fluctuated during the day disappointing overpens advices

on varying reports of Indonesian political situation.

Futures:

No rubber per

April

May

Ib.

No. 2 rubber No. 3 rubber per lb. April

Nearby May showed resist-No. 4 rubber per 1b. ance around the 74.91 cent level where an undenying trade do- In the rubber section, Amal-mand #ppeared. gamated WETC

ΠΟΡΟ active

Chan of late although there was no change in price. Although the market locks Interest the undertone appears quite steady.

Market Diary

for

Looking at the market this week, utilities appear to have closed in the strongest position. Ching Light, Trams and Tele- Here is a market diary

Ab Phones

up slightly. the week: 0446 Yaumati which declared an Friday: Steady. T/O: 30% Increased

$353,000.

521%

1415

BIN

alvidend ($5 against

a final of $4.50 last year) steedy at $105 buyers.

are Monday: Hong

10% kong Electric and Star Ferry Tuesday:

74

60

431%

481

33

down

to

Company are fractionally lower

Hongkong Banks, $1855 earlier this week, climbed to $1505 yesterday to close the week

$5 higher. Lombard's $3 lower on

A middle 43 were 551% quote of $37,5 and Unions were 44% $10 lower at three sales yester-

the

The weekly report on loan figures was a standolf. Entries for the week, ended March 8 totalled. 36,420 bales while with- drawals amounted to 33,478

bales,

The pet stock of 1950 crop cotton under Ioan totallod 4,105,439 bales compared with 6,413,502 balea at the same Uma last year.

The ・ oʻrtifiester" stock re mained at 10,070 bales.

Dull and feature- less, T/O:- $820,000. Prices inclined to edge lower with

exception

Month of March Hongkong Docks May which were marked | July

on October down sharply the dividend news.

March May

T/O: $830,000. Quiet

conditions. July T/O: $463,000.

Wednesday:

51

2016

day of $925.

59

Dupont de Nemours

179

Wheelock Mardens were duli | Thursday: and slipped five cents to $0.80. The market has lost a lot

of

to

Esstem Airlines

JU

Eastman Kodak

841%

Interest in this share because of its limited movement.

recently

El Paso National Gas (New)

30%

Family Finance Corp.

234

Firestone Tire

Docks Up & Down

Ford Motor

General Electric General Foods General Motors Con. Pub, Uul. Getty Q11

same Glidden Co

frm start,

ruling of

Contract No, 4 (world)

May

6.00

July

September

01.07 0.00

Märch

4.70-77

4.75

July

4.74

NY Stock

Exchange

bond

Spot-cents per lb. fob

volume was $3,040,000,

Cuba

0.10

Open Interest: 8,343 cor

contracts.

Contract No, 6 (domestic)

Closing Prices

May

6.75

July

0.04

Alden ine. Acy.

September

5,68

Alted Chemicals

November

5.89

Allied Mia Inc.

Spot-cents per Ib. cit NY

Allis Chalmers

ex-duty)

0.15

American Cable & Radio Corp..

Open Interest: 3,091 contracts. →

United Press,

American Cyanamide Amer. & Forgn, Power

Co. ..

Goodrich B.F.)*co.

GO Tyre

Signs of fresh en- quiry caused prices harden free- tionally under the leadership of Blue Chips. T/O: $917,000,

Total

Volume Opera interest

8,000

8,100

27.300 351,200

*

*

NAMESAKES

Answers-1 Jolly, 2 Cottage, 9 Wash, Wain, B Landscape," 8 OIL, 7 Hang, 6 Colours, 9 Art, 91-21% | 10 Gallery, 11 Brush, 12 Collec- 014-91% tion, 19 England.

John Constable (the famous netist).

E&A

POBIE

COMPANIES

PENINSULAR & ORIENTAL 5:N. CO.

PASSENGER/FREIGHT SERVICE

Leaves London Due Hongkong

Salled

5th Apri

21st April

30th March

8th May

12200 181,000

Uus

10500 180,300

December

4,000 181300

"CORFU"

2,000 72,400

"GUUBAN"

2,000 60,000

5,000 40,200

*

"CANTON"

1st June

$1,000 1,008,200 bales

*

"CORFU”

28th May

9th July

NEW YORK

Via Bouthampton, Colombo, Penang & Singapore.

*

Prices of futures closed today us follows:

Home.vards

Learns Hongkong

Blue Londen

"CORFU"

3rd April

12th May

Spot

May

July

Oct.

Dic.

$15.07 34.27-01 34.3-

32.91

*

"CHUSAN"

12th June

"CANTON" *CORFU"

TO HE ADVISED

Mar.

May

23.00-02

*

July

32.68

*

NEW ORLEANS

Prices of futures closed today

*

*

17th May

Sth Jizne

13th July

Via Singapore, Penang & Colombo

FREIGHT SERVICE

$3.90

expired

*

34.04

"SINGAPORE" in Port

"BALLARAT”dus 201h Mar.

"BOMALI" due 23rd Mar,

from UK.

from UK.

from Vi.

34.37

39.09

*

32.DI

“BİNGAPORE”loads 9th Apr. for S'pore, FL. Sweiden-

ham, London. Hambur Rotterdam Antwerp de Grangemouth

AND HOMEWARDS CAFE OF GOOD

ALL WILL

VESSELS OUTWARDS

BY THE PROCEED

HOPE UNTIL FURTHER NOTICE.

HK Wharf are steady at peak 35% rates of $102 while Docks, which announced a disappoint- unchanged dividend of $2 fw | Ing.

with a $1.50 bonus, slipped back sharply and then recovered almost all their loss on news dik of a profi of about $7 million $4 compared with last year's million odd.

15

119

Heyden Newport Corp.

13

HomeLake Mining Co.

39

Ingersoll-Rand

Int'l Business Machines

$ 184

881

2815

WHETHER YOUR BUSINESS

IS

CEMENT in KENYA

CIGARS in JAMAICA PALM OIL in MALAYA ELECTRONICS !« CANADA

DIAMONDS in SOUTH AFRICA CATTLE BREEDING in JERSEY APPLE - GROWING in TASMANIA TALLOW in THE FALKLAND ISLANDS make sure your money is earning

6%

Mindmemes Deptačí 4100

BANK DEPOSIT ACCOUNT

Seca today Loc ́"Bank Deposit Account" Booidet

No AD74 from, Gariera) Bâiosper

LOMBARD BANKING

LIMITED

BANKERS

That Der: `LOMBARD HOUSE, CURZON STERET.

PARK LANK, LONDON, W.T.

OKO 4111 (30 LENO

Branches and Apeyta throughout the World

Inland Steel Co

Ini's Harvester

International Nickel

International Paper ....

324 Inti Tela Tel

John-Manvile Co.

76% Kansas C. Power & Light

Lockheed Aircraft

100

The

shore closed yesterday the

90% at $47, down 75 cents on

473%

3015

104 Kennecott Copper

..

111.

Liggett Meyers Tob. Co.

63

Loews Incorp.

Lone Star Comment

Lowenstein & Sons.

1035

sa

(New)

MacDonnel Aircraft

Mesabi Iron Corp.

Minnesota Mining

Mianton Development Monsanto Chemical Co. Montgomery Ward

Motorola Inc.

National Cash Reg.'" National Dairy Prod. National Lead

National Steel Corp. New York Central Olin Mathieson Otla Elevators Owen-7inois Glam Pacific Gas & Elec. Pan American Airways

Paramount Pictures

Parke Davis Co.

Penny JC. Co,

Penn. Belt Co.

Philip Morris

Procter & Gamble Co.

Pittsburgh Plate Glass Publicker Industries Pure, Of

Radio Corporation

Repubila Steel

Reynolds Mainl

Shell Oll Do....

Saint Roy Paper Binolair Chil

Scooby Mobiloli: Bolar AfteraSt

South Puerto Rico Sugar Southern National Gas Southern Railway (Com.) Steep Rock (Toronto)

Standard Brander

Standard Oil of Cul

Standard Di

Standard Oil of

Storting Drug Co. (New)

Stokely-Van Camp,

Btudebaker-Packard Con

Swift & Ca

Texas Co.

The Water Alts, Oil

Time Inc.

Twenty Century Fox Fibr Union Carbide

Valon PaciNG

United Atroft UB. Toll n

UB. Line C. UB: Rubber UB.“Bmettkag

Wanti

Wart

week. Earlier it sold at $45.75.

Hotels have picked up 10 cents after a sharp

week from $15.00,

fall last

Green Island Cement have lost 25 cents.

HONGKONG

+

STOCK EXCHANGE

(From Our Correspondent)

Mar,

as follows:

Spat

May

July

Oct.

Dec.

Mar.

May

July

LIVERPOOL

33.00

32.37

Opening prices in pence per lb. Business done on the Hong-were as follows. kong Stock Exchange this Ond contract. May/Jane The only other point of in-

morning amounted

Others unquoted. to ap- terest is Nanyang'e sharp rise of proximately 41% 20 cents to $8.20, presumably on quotations

4the continued good business that transactions: it and most other textile coM)~- shares panies are enjoying at present. BANK

Green Island Cement report & INSURANCES 1560 lower profit this year-down Union... from $4.83 million to $4.23 Lombard Gay million. The company Doints SHIPPING

Wheelock DOCKS, ETC. to | K. Wharf Dock Prov.

02

112

30% out that as profits

4345

A havo tendency to fluctuate, duc

63% temporary factors,

40% cided to get

20

It has de

up a dividend

33 equalisation fund with a sum of

40

$600,000.

A Wise Step

This is a wise step but the amount set aside amounts to

B24

100

471%

(0) 19.20 13.40

LAND, ETC. HK Hotel

XD

HK Land.

X All

Humphreys,

XD .......

about only a sixth of current Ready.

6415 divktend distribution. Obviously | HUREA"

404% any

5858 8%

ཨཊྛིམྦ༔ ཏྲཱི

$300,000. Noon New contract May/June

26.08

20.37

*

Oct/Nov.

and the Iyers Sellers

morning's

Salon

Others unquated.

SAO PAULO

Futures closed today In cruzioms per kilo as follows:

*

May

37.45

July

38.30

October

30.40

December

38.55

Balls 17th Mar,

-“BANTHÌA” due 27th Mac. sails 28th Mar. *ORMABA” due 27th Mar

walls 29th Mar

March

50.00

*

In

the United States, the average price of one-inch

tom

at 14 designated Imarioets was 33.78 cents. Sales totallod 22,081 balen.-Unitod

cok- spot

*

"ITOLA"

14.30 14.00 1000 24.40 Pros.

*

500 1440

370

10.00

New York Foreign |}+ |

"ODRA"

"IKAUNA"

400 10.80

300

10.80

140

Exchange

#

"ITRIA"

*

due 18th Apr.

143} 1.45

New York, Mar. 14.

Closing rates were:

900

Canada

22 22.30

000 (000

+

30+085%

po.theys

82 the company is not expectinget.....

sharp fall in profts and Tawali • 1573% 62% will doubtless build up this fund | Sungals

20

In future as revenue allows,

UTILITIES Tram. XD Higher raw material prices, 414 rising freight rates, ware in Star Yerry

Yaumati

100 tox creasce and severe competition

* 23.10 23,40 have C. ht 48 from China and Japan

combined to make it a difficult

20.00 30 563 year for the Cement company, Electrka

which in spite of everything

managed to increase sales Telephone

21.30 24.00 INDI

a

tas awain.

Hongkong Electric and Hong-" | Cement kong Telephone company have Hope had their meetings this week, but I have mentioned figures || Deine already. In previous columtia. Observer's Report

Watch,

'Here is en suthoritative nom. Iet rount of the rocket, this wook a

Hodas Street,

INV

com

the Hongkong

1000

** ****

Aurtenila New Zeland

South Africa

Dalga

Sodla

Pusicista

United FreÓL

London Foreign

Exchange

Londón, Mar. 14.

Closing,rates were: New York

BRITISH INDIA S.N, CO., LTD.

2830 - A HUNDRED YEARS OF SERVICE --- 1953 "SANGOLA” in Port

from Japan. Jor Singapore, Penang Kangoon de Talousa

from Calcutta, 'Rangoon de Strait

IDE JAPAN

from Japan

for Singapore, Panang,1,

Rangoon, Calitagong di Calcutta,

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

que 3th Apr salis 4th Apr.

dat

4th Apr. SIA „ADE.

dus 10th Apr. stila ista Apr.

walls, 16th Apr

for Japan

QUE COMMANDOro, Penang. Cochin, Hombay, aruus alonbay & Harnoht: lər Jabad

· ́ for Sangapire, Bombay, Kazaeni, Drbis, Basrah,

·KDOTTAMMIAHc de Mirwait.' from Karachi, Bombay. a 'por for JADEN

EASTERN & AUSTRALIAN

"NANKIN”. Jonda 1911 Mar, bet

"EASTERN"dus 14th Apr.

anila žetis ́Apr.

S.S., CO., LTD.

byday bourne direct.

from: Australia fot Japan

All versda havo liberty, to call atļaut peria-em or all thế rùate às the penis à patting are schjock

- tu dhangé de amandineki with oy without notion.

For full particulars apply fu, MACKINNON, MACKENZIE & CO.

OF HONG KUNG LTD. Telephone Nos: 27724-4.

Zuficha

1.04.9/10 3.79.10/23

*