1957-04-05 — Page 9

THE CHINA MAIL, FRIDAY, APRÍL

1957.

TRADE and COMMERCE SECTION

Page

HK Money Flowing To NY Market? COTTON FUTURES

Trading Listless As

Share Market

Continues To Drop

By A SPECIAL CORRESPONDENT

IIK Bank Lombard

* The Share Market At A Glance ★

Up or

Mar 7

1560

Mar 14 1505

Mar 21 1600

Mar 28

1015

Apr 4 1065

down

+850

381

37.60th

$7.50b

3714b

Union

935

025

936

945.0

BB 947b

4800

$2.50

Wheelock

6.85

4.80

0.78

8.70

0.05

In Wharf

102

102

102

1011

102m

steady

****

Provident

11 Doks

4731⁄2m

47

4B14

4434

4419

+250

13,30

13.10

18.20

13.201

+

13.20%

steady

UK Hotelma

15

15.10

14.10xd

13.70b

14.40

+700

HR Lands

G

36xa

3614

30%

250

1.375tm

1.375

1.375

1.35b

1,85b

alendy

21.00x4

22m

21.90

21.50m

138mxd

135b

1356

1389

1378

105

100b

107

102x0

103

22.90

28.10

22.00

22.00

22.40

+$100

29.90

30

29.70

29.20

23.00xd

24.10

24.70

24.60

-100

1251

3314

33

$24/

28

16.10

10.10

10.40

16.10

+100

11.30mxa

11.30

11.83

11,80

Yangisin

5.80b

6.85

5.85b

5.851

11.70m 3.90

--100

+50

with

Allied

4.80%

4.76n

4.75%

4.725H

4.7250

steady

HK & FE Inv

10

10n

9.906

9.801

10b

+200

Textile Corp Nanyang

4.750 8

4.75m

4.701

4.720m

4.70

-2320

8.20

8.25

8.20

The Share Market continued its downward descent in a dull and listless week.

lakhs

The

three turnover was down compared with last week's figure of $2.59 million and the tally for the week was nine higher, five steady and ten lower as against four higher, seven steady and 13 lower the previous week,

82,306,000 as compared $2.59 milion last week.

Market Diary

Here is a market diary of the Friday:

One reason for this inek of interest might be that there is increased investment of lend funds on the American Market, which has risen during the past week. There they have a possi- | week: bilty of a higher capital appre- elation; another factor in favour of the New York Market is greater liquidity particularly where large parcels are involved. risen Hongkong Banks have $50 during the week following

register their Londer

shares, which have gone up from £ to £90%.

Unions also continued tu ercase this week and now $047% on a buying quote—a rise of $2.50.

Hongkong Hotels, which were down 40 cents last week have done a quick about-turn this week to rise by 10 cents $14.40.

to

Hongkong Land rights uppert'- ed on the market for the first time this week, opening at $11.

China Lights and Hongkong Electrics continued to lose dur- cents ing the week-down 20

and 50 cents respectively. Trains also were down 40 cents to $31.60-a middle quote.

The Amoy Canning Corparu- tion Announced on unchanged final divideri of 70 cents.

Prices Sag

Here is an Ice House Street observer's account of The market:

The only cheerful feature in an otherwise dull market was the steady

improvement In Hongkong Banks which have rinen approximately 859 dur. ing the past week in sympathy with the London register shares. The latter have gained period.

£ during the staine Union

Insurance have also

been in steady demand but

their gains

smaller in

appreciably аге comparison.

In the utility section, Tele-

Monday:

Tursday:

No material change.

TVO: $420,000.

Dull and feature- 1 T/O: $148.000, Restricted sale. T/O: $492,000, Wednesday: Quiet conditions.

T/O: $443,000. bixtless. T/O: $503,000,

Thursday:

HONGKONG

STOCK EXCHANGE

From Our Correspondent)

HK Realty HK Tram

Star Ferry Yaumall

Ch Lights Electrics

HK Telephone 0.1. Cement Dairy Farmi

A.R. Watson

30xd

23xd

JU

24,69

STEELS VERY ACTIVE ON

WALL STREET

New York, Apr. 4.

Sharp price movement in a handful of special issues reflecting individual news developments gave an appearance of vigour to what was really a routine irregular stock market today.

Mt

Mensured by the averages, In- dustrial stocks were off 88 point 477.43: rally unchanged at 140.21, utilities up .05 at 71.86 and the

composite 05 stock average off .10 at 108.92,

Stock Exgc.)

Minnesota Mining Minston Development Monsanto Chemical Co. Montgomery Ward Motorola Inc.

Mesa Trors Corp.

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

Now York Ceritini

such as

National Steel Corp.

in Mathieson

Otis Elevatorn

Business done on the Hong-

Stock Exchange this The specialties, however, were kong

moving issues morning amounted to approxl-wide mately $510,000. Noon quota- Lukens Steel which plummeted

to $05% tions and the morning's trans-7%

on realising 60 Owen-linoša Glasu forced 11

temporary Pacule Gas & Elec. hravy suspension of dealings. Decision Pan American Airways to take profits in the recently Paramount Pictures

Parke Davis Co. strong issue followed publication Penny J. C. Co. of a forecast for a good year and a probable extra dividend.

nelions:

Fast Asia

1onsbard SHIPPING Wheelock

Shares Buyers Belters BANPS

Balen

NK Bank..

ICA

Do 1008

244

INSURANCES

04755 371

4,63

0.70

6000 6.48

5700 4 0.70

DOCKS, ETC,

100

100 @ 201

Duck XD

44%

46

0004413

13.20

K. Wharf Provident LAND, ETC. JK Hotel

UK Land

41

inte

Humphreys Ronity RUBBER Amaig.

Trom

Youmat), XD

phones have again displayed steadiness with the price well UTILITIES maintained in fair sized deal- ing. Faumati Forries came in for some attention towards

tacked the close and dollar to the previous weck's price of $102.

on

Elsewhere priers have tend-

ed to sag to slightly lower levels and

continuing

with Electrics, the utility groups,

Trams have all Lights and Fielded ground, Rubbers have been quiet but steady.

terest

་

It was

Jesuc

the day's most active

Penu. Salt Co. Thilip Morris

Procter & Gamble Co. Pittsburgh Plate Glas

Publicker Inchzstrieg Pure Oll

itadio Corporation Republic Steel Reynolds Metal Rails Shell du co.

8pint leg. Paper

Gulf fell more than 2 in the olis. Motors were fractionally lower for the most part, used in the average were very narrow and mixed. 14.20 14.50

10.00

900 14.40

DOO 11 13 @ 11 307 11

Of a total 1,101 issues traded, 499 were lower, 831 higher, 271 unchanged. There were 41 new highs set, 21 new lows. 1001

Turnover dropped to 1,820,000 0000 1.45 | sharts from 2,180,000 shares

300 21.00 traded on Wednesday.

1.35 1.378

14735 1.40 1.4715

21.40 2111

1500 G 21%

100 103 c. Light (0) 2320 2330 7800 « 22.30 300 22.45 Electric

20 29.40 150 20.30

1.08

204 4 29.40

Macao E.. Telephone 24.40 241 2200 2415

INDUSTRIALS

Cement

Rope GTONES, Dairy

33 33% 12.60

15.90

Wation

11.00 11.00

Lane, Craw

2014

COTTONS The market stil! tacks In-

Nanyang evidenced by the VESTMENTS

Yangleze turnover which only

1.K & FE amounted to approximately

meagre

8.10 8.20 500 4 0.13

5.00

10 10.40

..

|

York Stock Exchange New bond volume was $3,000,000,

Stock American volume was 1,080,000 shares.

8011

Sinclair O

Socony Mobil Solar Aircraft South Puerto Rico Bugns Southern National das Southern Railway (Com) Standard Braids Standard Oll of Cal. Blandard Oll of Ind Standard OR DE NJ, Sleep Rock (Toronto Exge. Bterling Drug Ca.

swift & Co.

301

40

100

6.20m sicady

|CHICAGO GRAIN

MARKET

Chicago, Apr. 4. Grains closed irregular on the Board of Trade today.

Wheat prices were lower due to continued reports of more moisture in the wheat regions, but May months were in de mand and sold slightly above yesterday's close.

Trade was small in soybeans, the market was fairly unsettled and prices closed about steady: light country offerings for May led to relatively frm market for that month crop.

Whoot closed off 4 to 1% 543 cents; soybeans closed up

of 12 cents.

3:00

DRIFT AROUND

WORLD IN QUIET MARKET

RUBBER

MARKETS

New York, Apr. 4. Rex rubber contract closed loday 35 to 40 points higher with sales of 31 contracts.

May July

November

September

January

March

May

32.30

14.03

31.85

31.55

31.25

a1.10

30.03

New York, Apr. 4. Cotton futures drifted aimlessly in quiet dealings today and finished with an easier under- torte.

At the close, the list ruled unchanged to six The market opened unchanged to points lower.

one higher.

New Orleans closed unchanged to

five lower on bid prices.

The only activity was soine | increased liquidation in nearby May which brought pressure on the ather months,

Epot

35.4in

May

July

34.367

October

December

28.50

New Incentives again were

and most

traders

Marchi

May

July

53.01

NEW ORLEANS

Prices of cotton futures closed

today us, follows:

Spot

24.00

3.18

34.68

503.40

The standard contract closed | lacking 35 to 40 polus higher with no apparently were waiting further nales reported,

legislative developments dealing with the support programme.

up

May

July

September

November

January

March

May

Oik

32.20

32.01

31.03

31.65 31.33 31.15 30.03

-Prices on the exchange inched speculative operations ant firmness in London. Traders reported no business at all in the physical maritet: Spot No. 1 Rs was quoted at 32% cents.

SINGAPORE

The CCC reported late yester- day that 17,280 bales of 1080 crop colton were placed under loan during the week ended March 29, while withdrawals amounted to 45,873, leaving the total under loah al 4,052,359

Млу

July

bales, as against 8,358, in the same period last year.

Cerületed cotton stocks were cruzeiros per kilograin were DA

hrider

December

March

MAY

July

BAO PAULO

Closing

futures

prices,

down 21 bales to 10,067, Month May July October December

follows:

Veluche Open Interest

May, July

10.400 200,000

October

0.000 1150,000

December

3,100 160,000

March

The market opened slightly starch higher on overstas advices and May stenciled further throughout the July day on good buying in nearby Total grades.

1,500 100,000 3,000 79,000

2,000 82,200

2,800 4,000

30,000 1,003,300 bales NEW YORK. Prices of cotton futures closed There Was SONIC factory today as follows: Interest for remills, Futures:

1

No, rubber por

April May

019-12

No. 3 rubber per in. April 994-008 No, a rubber per 15. April goiz-3014 No. 4 rubber per b. April -

Spot or umbaled ....

erepo

No. 1 pala crepe

LONDON

*

9112-01%

00-200

The rubber market was firm with spot quoted at 27% pence per 1. Prices:

„Settlement house form:

Wheat No. 2, red

118

Spot

02532

May 28(11)

PA(L)

July

September

December

22046-15

221-224 2131 2101

Corn, No. 2, yellow

No, 1 Ras spot

4012

Spol

24: 2733-2734

10%

May

3418

July

50%

September

1279- 23216-15 1343%

M

Juzi

July/Beptember

1212

December

12716-31

October/December

Ryn

Jarory/Marth

43%

May

1203/

General market, cif “basis,

4Bib

July

12:3

April

Oate

DI

May Juho

3016

May

7115

July

Estate erepe thin April

Soybeans, No. 2, yellow

thick unquoted United Pr

x-ris

Bpot

0136

May

July

2016-1

61%

September

November

18

January

Barity,

Spor

200 lb. sack

|New York flour

WINNIPEG

130-140

813.101

Prices of grain futures closed today in cents per bushel as follows:

New York Sugar Market

New York, Apr. 4. World No, 4 Bugar futures closed today the point higher to four points lower with sales of 266 contracts.

Domestle No. 8 sugar futures closet unchanged to two points higher with sales of

*

Studebaker-Packard Corp.

Texas Co.

Exchange

Tide Water A. Olim Twenty Century Fox

Újata

Union Carbide

May

243%

Union PachBo Rai

July

STEL

Closing Prices

United Aircraft

October

U.S. Foli "B"

Byb

U.S. Gypsum

May

1101%

57 con-

U.S. Line Co.

Alden inc. Acy.

$ 1712

July

110

tracts.

UB, Rubber

Allied Chemicals

October

1114

U.9. Smelting

Allied Mrs Inc.

201

U.S. Steel

00% Barley

Allis Chalmers

34

Warner Bros.

0415

American Airline

177%

Westinghouse Electric

96

Ameriem Cable & Radio Corp.

Western Uniọn Tel. Co

9714

Aunerican Cyonamide Co...

7714

West Va, Pulp & Paper

10%

Woolworth

270-44

World futures chsed on pront taking as traders awaited re sumption of sales in the world market, expected next week. Domestie füttires incheri up on short covering.

*

*

May

July

Reptember

Amer, & Forgo. Power Am. Moch, & F'dry American Metal American Smelting Am. Sugar Hef..... American Tel. & Tel. American Tab. "R" Anaconda Copper

Allan Cons. Mining Baldwin-Lima-Ham Baltimore & Ohio Beneficial Finance Bendix Aviation Corp.

Benguet Conl...

Bethlehem Bleet

Boeing Airplane

Boisch (Ti) CD.

May July October

4014 Flaxed

inite Prem.

Singapore

Stock Market

Singapore, Apr. 5. Brokers today quoted the fol

lowing stock prices:

Batu Lintang Rubber

Opening

Co. Ltd. *...... $1.00

Smelters Ord.

-100

May Juay

October

Canadian wheat export No. 3, 160 centa; No. 6, 184 cents, United Pres6.

LONDON METAL PRICES

Contract No. 4 (world)

October March

London, Apr. 4, Prices of metals closed today in sterling per long ion as May July follows:

September Buyers Sellers November

4.10

מג

unqualed

38,00

38.30

38.70

In the United States, the average price of one-inch cotton

int 14 designatca spot markots

was 33,80 cents.

Sales totalled 14,547 bales. Liverpool colton prices wero unavailable--United Press.

P.O BI EA

COMPANIES

PENINSULAR & ORIENTAL S.N. CO.

PASSENGER/FREIGHT SERVICE

.Outwards "CHIUSAN”

"CANTON"

*CORFU**

Leaves Londah Due Hongkong

4th April

7th May Let June

Mirt Apri

28th Mar

5th July

Via Bouthampton, Colombo, Panang asingapore.

Komawards

"CHUBAN”

"DANTON" “CORFU“

Leaves Hongkong

19th May

8th June

13th July

Dus London

29th June TO UN

ADVISED

Via Singapore, Penang à Colombo, FREIGHT SERVICE

"BINGAPORE”loads 7th Apr,

"SURAT"

loads 6th May

for B'pore, Fl. Swetien- ham, London. Hamburg. Hotlardam Antwerp & Grangemouth

for Japan

ALL VESSELS OUTWARDS AND HOMEWARDE WILL PROCEED BY THR CAPE OF GOOD HOPE UNTIL FURTURE NOTICE.

BRITISH INDIA S.N, CO., LTD.

1354 -- A HUNDRED YEARS OF SERVICE -- 1958 "BANTHIA” dne 20th Apr. from Japan

sails 17th Apr. fer Singapore, Penang.

Rangoon & Calcutta

from Calcutta, Rangoon & Bireita. Ier Japan

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

due 6th Apr. sally. 7th Apr.

due 10th Apr. sails 12th Ap

0.jp

0.10

0.14

4.00

4.7-80

May

4.76-78

"BANGOLA” E35 0th May Falls 7th May

July

4.70-10

Beptember

4.75

Spot(cants per lb. Lob

Cuba)

Burroughs Add Meghine

Open Interest: 0,431 con

contracta.

Contract No, 6 (Domestic)

0.10

"TTOLA"

Canadian Pacific

Cano (J. 1.) Co.

Belilah Borneo Petro-

0.13

Cat. Tractor

leum Syndicate

*IKAUNA"

Celanese Corp.

185

Corimalldafed

Tin

c. 1. T. Financial Corp.

44%

31/04

Chase Manhal. Bank

401

Fraser & Neave Ltd.

Ord.

60

Gommons (Malayal

Hongkong &c Shanghai Banking Corp...... Hongkong Tin Lad...+ Kempas Lda. Lunas Itubber states

spot $2.32cumaly in

3-month Fraser & Neave Ltd.

Copper spot 4415 719% cum, prof..... $1.00

3-month 4335

Lead Load Zine Irt hale Zihe 1st hall

762 21412 244

Spot-cents per lb. sir NY**

ex-duty)

"WTRIA"

8.70

Open Interest:

United Prem.

1122/

$2.07

"OBRA"

4/74 $1.57

0.00

Valled Press,

New York Foreign

Now Beranial Rubber

Exchange

1001

$2.5T

Petaling Tin LAG. Flatrien Zobel

$2.33

FUTURES

Malayan Breweries........ 12.90 ext NEW YORK MÉTAL

New York, Apr. 4. New York, Apr. 4. Closing rates were: Prices of matal futures clowed

Canada today in carts per ib, as follows England offatal

Co. Ltd.

$35.00-

Lest

April

due 18th Apr.

galle 17th Ada

dus 10th Apr. salās 20th ADT, ·

from Japan

for Bingapore, Penanti. Cochin & Bombay

For Singapore, Bombay, Karachi Dubia, Basral Khorramshahr Se Karwait.

from Karachi, Bombay & S'pore

far Japani

from Bombay de Karcial for Japers

EASTERN. & AUSTRALIAN S.S. CO., LTD.

"EASTERN" dne 14th Apr, salle 18th ADT, "EASTERN" das sin May

3.78 13/10

277 13/10

from Australia for Japan..

from Japan,

for Labuan, Saðilakari,

Tarakan, je Rabauh Bris,

Port

Kembla, – Melbourne

SOUND ADVICE

for the man with a sense of responsibility

Start a Savings Account this month with

THE CHARTERED BANK (Incorporated in England by Royal Charter in 1858) 3 Queen's Road,

HONG KONG

INTEREST on your money at 2% per annum, compounded, half-yearly,

ABSOLUTE SAFETY for your money.

Chrysler Motors Climax Molybdenum Colgate-Palmolive Co. Columbian Carbon Co. Commercial Credit Commonwealth Elec. Consolidated Edison Continental Oil pt Del. Crown Zallerbatii Cuban Amer. Sugar Diamond Alkali Douglas. Aircraft Dow Chemicals .... Dupont de Nemours Fastern Airline .. Fastman Kodak ...

El Paso National Gas Family Finance Corp, Firestone Tyre & Rubber Ford Motor

General Electric

General Foods

General Motors

Gen. Pub, UL.

Betty oll

Kiladen Co.

Goodrich 1, F) Co.' chodyear, Tyre Quir ou

Heyden Newport Corp. Homestaks Mining Co. Ingersoll-Rand

Inland Steel Co.

interchenient Corps makin Int'l Business Discéinos Int2 Harbej imemaikne Bilekel,

International. Paper"

Jolas-Manelli, C& Kartean C. Power

Liggett Moye

EASY FACILITIES for lodgments and met opp withdrawals

Lockheed Aires

Loews Inpor

Singapore Cold Storage $1.83

Bouth Brillati Dasurance

| Btenits Tyndine!)

Braila Baromfip

$19.70 €X+ali United near Ord. 19.82 Wemme BrON ******* "SADA

-Chalam, Mall Bpecial.

London Foreign Th

Exchange

Londong, Apr.: 4:5 Chsing raten, were;,

Exchange Rates

NAMESAKES

Andeng-61. Firinct), 2 Sték), „done in tha Ing.) | 3. Hlubiaschtis 14 Punish, - And#| Fullergy®, Robbery 27 Holda,

KAT MUK (Travel, 10 ML/SCORCH

market

114 Pistol Hole

Claude Darád (17the cratury

For full preficuluri uuply to. MACKINNON. MACKENZIE & CO. OF HONG KONG LTD. Telephone Nos. 277214.

TAGAY

Atsakivita

MRY

Copper April

AGAL

Hay

April

·May

(stafidard), nola Extraits

All-vessels MAva Hločty to mZI NA WAY porta am - wer mà thu tussle at the resté à matitig nie súážšá