1957-04-26 — Page 9

THE CHINA MAIL, FRIDAY, APRIL 26, 1957.

Page

TRADE and COMMERCE SECTION

RECOVERY ON HONGKONG MARKET COTTON FUTURES

Wheelocks Popular

As

Public

Overcomes Doubts

By A SPECIAL CORRESPONDENT

HK Bank Lombard Union Wheelock HK Wharf HK Docka Provident HK Hotels IIK Lands

Realty

1.35b 21.50m

Glance ✰

STOCK EXCHANGE

* The Share Market At A

Mar 21,

Mar 28

1000

1015

Apr 4 1665

Apr 11 1850

Apr 25

1605

Up or Down +15

HONGKONG

37,50b

3714b

38

38

3714b

780

935

645m

947b

050b

0706

6175

6.70

6.85

0.90

7.401

102

1018

101m

974mxd

103

+500 +$5.50

481

4414

4444

45

4434

B00

13.20

13.20%

13.20

11.90xd

12.30

+400

14.10xd

13.70b

14.40

F 14.40

14.80

262

3614

36

354

354

1.15b

1.35

1.40

+50

HK

Tromm

22m

21.90

.2144

2144

steady

(From Our Correspondent)

Hiar Ferry

135b

138A

£375

137a

138

steady

Yaumatis

107

102xd

103

10234m

103

+500

Ch Lights

22.90

22.00

22.40

21.90

!

18.40xd

-50c

kong Stock

30

29.70

29.20

20.20

29

wwwm 200

24.00

24.70

24.00

24.70

24.70

steady

Business done on

the long Exchange ukia morning amounted to appro- ximately $403,000, Noon quota-

3314

33

3244

3234

3214

-200

Dairy Farm

16.40

10

25xd

24.80

-200

ogllons:

A.5. Watson

11.80

11.80

Yangtze

5.836

.85b

11.70m

5,90

11.50m

11.60

steady

5.000

+100

BANKS

Allied

4.75%

HK & FE Inv

9,00b

4.7250 9.80b

201,986 na ngainst £24,795 previous year,

Textile Corp

4.70b

4.725m

4.725n 10b

4.70

4.72511

4.00

12340

10b

10.20

+200

4.70m

4.65m

50

the

Nanyang

8.25

8.20

8.20m

8.15

8.30m

-5c

57 30

and Engineering announced a final share

The Easter holidays brought about the long awaited recovery of the Hongkong Stock Exchange when it closed yesterday on the firmest note for over six months.

New life seemed to have been injected into the market and at the close of yesterday's business a turnover of over $2 million had been recorded in the three post-holiday sessions,

Wheelocks have commanded a lot of attention during the week making a gain of 50 cents over the holidays to close. with buyers unsatisfied, 14 reason may be that have

OVETENTIO

ה

in veden their

Hongkong Construction

De i dividend of 10 centa doubles a bus of 20 cents per Alvære Pinth! for last year was stated us $1,810,727.

about this particular stock deelded it was a good bay with the result that it has in, hedd

a more realistic level.

The tally for the week wa. ten higher, #ve unchanged und nine lower against the Ladly two ave higher. 13 weeks ago of unchanged and seven lower, but the accompanying table doci me show the ful exten

the rising market as o mutat shares have had only fractional changes and still appear as losers although they have made gun. from their lowest levels.

Hongkong Banks are TIJDR again, gaining $15 on the kri market and

London. J11 Union

which E

of diselend

that proposal

Insurance.

nounced

A maxel

Anal

2.1.2.0

200,000 £10 shares

divided into ten £1 shares, rece $20 to $970 on a buying quale In London, Unions have risen to

£60%.

New High

ד תוויות

previous

Wharves, which profit of $1,492,484 for 1950 '†

the against $878,850 year, jumped to new CX- divident high of $103

gaining

$5,50, Docks lost 50 cents. while Provident gained 40 cents over the two-week period.

In the utilities section. China Lights and Electries #re both down. Lights quoted at $18.40

ex-all dropped 50 cents

Better Enquiry

Her a an Ice House Street observer's account of the market:

Although last week's trading was severely curtalled by the Easter hollys, signs of better enquiry Lowards the clone caused the prices to harden with the majority of counters Bhishing at higher levels than thone prevalling last Thursday.

Wheelocks have been

pro- minent and under steady de- mund gained 25 cents to close with

buyers JAL unsatisfied $7.10. Eu this Croup Alled

Investors were

$4.55 to 34.00,

active around

Hongkong Wharvex have also been a firm spot and have virtually

their recovered

dividend of $0.

Utilities mostly show fra Honal Improvement, Cements were also a shade firmer at the

atosc.

Electrics

HK Telephone

GJ, Cement

WORLD

RUBBER MARKETS

New York, Apr. 25. Rex rubber contract today closed & points lower to 5 points higher with sales of 84 contracts.

May

September November January

March May

31.37

425-21

37.00

31.75

31.45

31.36

31.15

10.10

ON EVEN KEEL

New York, Apr. 25. Cotton futures today held on a fairly even keel around the previous close in quiet dealings.

Closing prices ruled 1 point higher to 6 points lower. The market opened up 3 to off 1 point. ~ Now „Orleans closed off 5 to up 6 points,

Adjustments in the expiring May delivery, with attendant trado switching operations, dominated the trade.

Elsewhere,

traders marked lime pending political develop- ments in the Middle East, and a clearer view of the future government price supply policy

on raw cotton,

Lho

The October, 1958, tions and the morning's transcontinued to swing over 200

latively wider range, as traders debated

possiblity modified controls on production, next 30 8 1083 | marketing and pricing

year, with the possibility of a 1900 swing back to a freer market.

Delivery notices for 500 bales

RAIL SHARES

LEAD ON

WALL STREET

New York, Apr. 25.

HK Bank East Axin

INSURANCEis

Vrsion

Lombard SHIPPING

Wheelock

DOCKS ETC.

K. Whart

Dock

Provident

XD

LAND, ETC. HK Hotel

HK Land

Trust UTILITIES İzm

1000 1670

240

975 000 37%

7.45 7,05

500 30

LIVERPOOL

July

54.77

Det

Dac.

ALAT.

93,60

May

53.04

Joly

112,09

Oct.

NEW ORLEANS

Prices of cotton futures closed today as follows:

Spot

33,00

May

34.20

delivery

July

34.78

a re-

Oct

33.00

Dec.

33.61

Mar.

ol

Mar

13.033

July

32.02

Oct

Cotton

future closings, in

34,85

26.30

Dec/Jan.

20.10

Mar/Apr.

20.15

New contract

May/June

23.19

July/Aug.

20.40

Oct./Nav.

20.29

Dec/Jan.

20.21

SAO PAULO

Cotion future cruzeiros

closings, in

per kilo were 05

40.00

40.10

-10.20

40.55

000 7.45ed against the May contract today were taken up by the trado.

The

open position in today totalled 134,100 bates, The certificated stock

104 100 700 104 #4 4435 1293 un 44%

14.20 13.40

14.00 14.90 2000 14.30 36 0002.73 150 de 3815 200 10.00

Humphreys 10.00

Realty

14

Amair.

1.50

156

21.30 215

00021 40

Star Ferry,

300 104

C. Light (0) 19.30 18.443

Electric

Telephone

INDUSTRIAIS

Coment

Yaumati

Rope

Dairy Xb Watson

Rail shares took over leadership in the market advance today while industrials turned in their S first decline in six sessions.

While there were few big rail gains, the Stamford contract closed 8 points lower to 5 points higher general fractional improvement was enough to

with no sales reported.

May

July

September November

January

March May

Enst.

31.18

some

lift the average for the group .94 point to 147.49, its best level since Feb. 4.

Northern Pacific, outside the Kennecott Copper AVETAKO group, added over

a

Laggett Meyers Tob, Co. Lockheed Aircraft .... point on a higher earnings re- Loews Incorp, serg port and news that the company Lowenstein & Some

Lone Star Cement Co will begin exploration with

**** | MaDonnell "Alroadi Shell Oil for development of a πέν arco in the Williston Maid fron Corp. Basin, Shell Oil rose a point in

The market ruled quiet and Biendly most of the day, Influent- ed by the cables" and signs of uneasiness over poliu- cal developments in the Middle generally lower oil list, help- Shipment offerings were ed also by a good earnings re- on the light side and high priced, port.

developed unchanged. A routine Inquiry

domestic from luie actual business firmed. Spot No 1 Rss was quot- ed at 32 cents.

In the stores group,

Dairy Farms and Watsons were less nolive but about Rubbers also slight improvement,

showed

Market Diary

BOTIC

Here is a market dary of the

Electrics lost 20 cents. Other Blue Chips were firms except for! Cements at $32.

a hes of 5 work

cents over the fortnight,

These are however

net us!

on the fortnight. During the low week they have been Slendy...

AUT

Tuesday:

Fational changes,

11: $894,000.

Wedamesilas; 11 oden fractiomudly,

TVU. $480,000.

ды

fem

Some yields

Hongkong Thursday: Trems, 8 per cent, Star Perry, 0.0 per cent, Yuumall Ferry, 7.6 per cent, China Light, 5.9° per cent, Hongkong Electric, 6.0 per cent and Telephone, 7.1 per cent, Indo-China Steam Navigation showed pront of 4455,519 lost year against £328,355 1955. An unchanged 16 ver

cent dividend

defert £49,500 The

absorbe

A

on

cent dividend

shares d per

provement.

$85,000.

factories,

hut

was con-

SINGAPORE

Oils Sell

International olis met some selling on the new Middle East difficultio but prices alosed well above the laws with the

The market opened slightly widest loss a drop of 1% to lower and cased further

on $129 in Gulf,

Sugars higher stock Agures. There was a fair interest for lower sheets. must of realising Futures were:

No 1 rubber per 10. May 9ZY-123

June 9291-93 No 2 rubber per it. May 10-01 No 3

89-90 077-0035 115-92 02.84

int-

T/O:

No 4

Spot rublier unbided

Ellankel TCDI

No 1 prate crepe

Exchange Rates

LONDON

58-100

The rubber market was quiet with spot down % to 27-5/10 pence per lb, Prices:

explinose market ths | No, I les apot

the close.

Stock Exc

into sciope Maton Development Montanto Chemical Co. Montgomery Ward

Motorola Inc. National Cash Iteg. National Dairy Prod. National Lead National Steel Corp. New York: Central Din Mathieson

Elevators

Owen-linols Gl Pacilly Gas & Elec. Pan American Airways Paramount Pictures

Parke Davis Co.

(Am.

May

remained at 11,122 balco

The Commodity Credit Co poration reported loan entries for the week ended on April 19

པ་་ totalled

boles while 19.892 withdrawals amountcxi to 34,871 bales.

pence per lb. were as follows:

Old contract

May/June

July/Aug.

Oct/Nov

Mar/Apr/

December

March May

The net stock of 1958 crop cotton under loan totalled follows:

October 300 * 403 4,000,320 bales compared with 1000 or 18,406,317,085 bales

at impounded 100 20 ... 28.00 29.10

24.70 25 1000 12480 x same time last season,

25 32% 3500 ₫ 3211⁄2

14.70 14,90

COTTONS Nanyung INVESTMENTS"

Allied H.K. & F.E.

NEW YORK

In the United States, the

average price of one-inch cotton

Prices of cotton futures closed at 14 designated spot markets

1146 11.00 500 12.00

DO 200 g 2010

today as follows:

Spo!

May

28 20.30

8.30

4.573%

10

4,00 1000 D $275

200 mm 10,20

400 10.20

118

RAGGED DAY

1

4716

0134

ON LONDON

MARKET

London, Apr. 25. Markets had

a ragged day, partly under the in- fluence of the Jordan situa- tion and partly from the 62feeling that the big British industrial companies were no longer marching up to higher and higher profits,

Several

re- -disappointment 534 ports-Imperial Chanicals, As- socialed Cement, and Barcock and Wilcox contributed to this 0% while British Petroleum, though reporting handsome earnings,

35 played safe and left dividends

unchanged.

British Goveruments enjoyed a

Penny J. C, Co.

wore

spots *ironk the session although

rut some prices

Penn Galt Co.

Philip Morri

434

Procter & Gamble Co.

al | Pittsburgh Plate Glow

Publicker Industrien Puro Cl

4772

BY

tadlo Corporation

Turnover fell to 2,040,000 shares from the 2,990,000 shares yesterday which was the your's heavlest,

Stock Exchange NY volume was $4,320,000,

American Slock Exchange volume was 870,000 shares.

Dow-Jones

closing

40 bonda

deleted 271-37% Comm, future price index"

were:

20 industrials

Линия Wan done in

the Toral

20 rails

2744-27

15 utilities

menug AT The fillersing rates:-

Settlement hotine tenu

US dollar per $11

G.23

May

50 stocks

Sterling notes, mer £1)

16.80

Jurie

bonus

on

Australian nates (per 201

12.06

July/September

IT-ETIS

shares

(up from

to

12

per

cent)

5 per cent

absorb

Indhenion rupiah (per 1001

16.40

October/December

27-275

Star Real (per 2001

28.00

January/March

2035-18%

singapore Strata)

1.60

April/fuse

20%-20%

General markets, eit basis, ports:

deleted

Alden Inc. Acy.

shares absorbs

the

on preferred £34,077 and deferred

A SAFE DEPOSIT

for YOUR FUNDS

LOMBARD HOUSE - LONDON

67

Your interest sccrues day by day, from the day your capital is depos fired and is paid' half, yeauly. Bank Deposit Accounts finance Industry, Commerce and Agriculture and incre Mwerames=7Import/Export Tide in all parts of the DRINK KIDO world.

| Send today for “Bank Deposit Account? Booklet

No, AO, H4 from General, ManagUE

LOMBARD BANKING

LIMITED BANKRA

Ruf Öle)' LOMBARD HOUSE FARE LÄNK, LONDON, WR,

CÜRZON

UKO 4311

Brunakes and shérvár elenaghbor she take;

April

236-2716 May/June/July Estile crepe ihin May... 29

thick May... 30% The rubber market in Am- slerdam

quietly steady. Prices closed unchanged since yesterday,United Press.

Was

New York Foreign

Exchange

New York, Apr. 25. Closing rates were:

$2.74-7.76 England unofficial

2.77-3/16 2.78-15/16

Canada

Australka

oficial 30-day

90-day

New Zealan

South Africa

Belgium

Tallara

Switzerland

3.75-7/10 1.04-478

2.78-2/10 279-9/10

Repubile Steel

eynolds Metal

Shell Out Co.

Saint Reg. Paper

Sinclair Cil

bond

Bocony Mobilol!

averages

Closing Prices

Allied Chemiesla Allied Mills Inc. Allis Chalmers American Airline

American Cable & Radio Corp. American Cyanamide Co. Amer. & Foren. Power- Am. Mach. &" F"dry American Metal

American Smelting Am, Sugar Ret. ..... American Toi, & Tel. American Tob, "2" Anaconda Copper Armeo Steel “Armatiṛ ATINA

Allas Cons. Mining Baldwin-Lima-Harn, Baltimore & Ohio Beneficial Finance ... Bendix Aviation Corp. Benguet.Cons.

Bethlehem Biol.

Belly Airplane

Borden (The) : Co.

Burroughs Add Machine

Canadian Pacific H.

Camo (J. I.) Co

Cat: Tractor

0198-13/15 | Celanese_Corp. .. 2010 °C, L. T. Financial Corp.

Chrysler Motora“...... Cmax Molybdenum

Unitech Preus,

London Foreign

Exchange

London, Apr. 25. Closing rates were: New York

2.7915-2.79-3/16 Montreal AmsterdamTI Brunela Frankfurt Olo Vienna Zurich

10.802-10.60% 140971-141.00/ 11.7936-11.70 72017/207

-United „ProM.

NAMESAKES

Colgate-Palmolive Co, Co

Carbo

Commonwealth Elec. Coralidated Extinon Continental Of of Del. Crown Zellerbach Cuban Amer, Bugar Diamond Alkali Douglas Aircraft Dow Chemicals Dupont de Nemours Batman Kodak ***** Paso National Ga Firestone Tyro & Rubber Ford Motor

General Electrio General Foods General Motors Clan. Pub, Utu,

Gilldar Co Goodrich Goodymy Xteyden, Manu Formaatsing Ingermous

Interoberekeni

Answers-1 Comedy, 2 Curts for pudry CB, 3. Twealth, Viola, A Toby, Turkbury

o Illyria, 7 Ridicule, Comics,

Malvato (From Night").

Bolar Aircraft

South Puerto Rico Sugar Southern National Gas

Southern Railway Standard Brandy. Standard Ou of Cat,

493.20 Standard Oll of Ind.

247.40

Standard Ol of NJ

45 84% 34K

41

(Com.

44

513 certain amount of buying which

$411

4512

* 1:|

Jifted prices by amounis ranging from one-sixteenth to one-fourth but the pace was slower than it

72.95 Steep Rock (Toronto Expe 17931 Stering Drug Co.

00.08 Stokely-Vai Cuntp.

158 ST Studebaker-Packard Corp.

Bwist & Co.

#471%

Texas Co.

Tide Water Assii, Ou

Twenty Century Fox Piim Unjun Carbide

Union Pacific Taiway

United Aircraft

2014 17.5. Fou "P" 53% US. Gypsum BUS. Line fb.

G

US, Mobber

78% U.S. Smelting

107, U.S. Sleet

38

2012

Warner Bros

Westinghouse Exetrie

35% || Western Union Tel. Co.

Wert Va. Pulp & Paper

1779 | Woolworth

畅

3015

4312

has been earlier this week.

Oils were heavy, Royal Dutch fell 5 shillings, Shell Transport

British and

Petrolcum dividends unchanges,

But

the

declines

left

were

moderate and a good many blue

chips closed unchanged. Steels

Are generally firm.

Sacz Canal, oddly enough, 62% was left severely alone

234

sat clones

1842

40

United Press.

35 400 33.31

was 33.85 cents.

Sales totalled 78,710 bales---- United Pre

P.OBIE.A

COMPANIES

PENINSULAR & ORIENTAL S.N, CO.

PASSENGER/FREIGHT SERVICE

Leayo London

Sailed

20th May

Due Hongkong

7th Miny

30th. May

#

Outwarda

"CHUSAN"

"CANTON"

"COEFT"

"CARTHAGE"

*

5th July

9th July

To be advised

Via Bouthamptas, Colombo, Penang a Singapore,

Homewarde

"CHUSAN"

"CANTON"

- "CORFU”

*

*

#

"SUBAT"

"BURAT"

*

*

+

**

*

Leaver Dongkong

12th May

Bth June

13th July

Bue Landon

12th June

19th July

To be advised

Via Singapore, Penang & Colombo.

FREIGHT SERVICE

2nd May

Que

londe 28th May

from UK.

for S'pore. Pi. Swetten- han, Jayre, London, Homburg. Rotterdam, Antwer Ex Grange mouta.

ALL VESSELS OUTWARDS AND HOMEWARDS WILL PROCEED BY TES

CAPS OF GOOD HOPE UNTIL FURTHER NOTICE

BRITISH INDIA 5.N, CO., LTD.

1260 - A HUNDRED YEARS OF SERVICE — 1950

from Calcutta, Rangoo "BANGOLA” de 5th May

Strelis. fur Japan

gadin Oth May

dai 11th May

"WABORA"

salle 12th May

und

unchanged at 40%

*

› "BANGOLA", dus 20th Stay 'saits 77th May

*

the

and

bonds have rarely 44% had an Idler day. All the Ger- mans and virtually all Japanese, both assented |nce-assented, were unchanged.

Chinese were also quiet.

Dollar stocks hardened walle the premium they enjoy in- creased per cent to 8.4 per cent United Press, "ol

New York Sugar Market

· New York, Apr. 23. World. No. 4 sugar futures today cloved 2 points lower to'8 points higher with safes of 722 contracts.

Domestic No. 6 sugar futures 41 closed unchanged to 2 points

higher with sales of

eight tracts.

711

recent

The higher trend was attri- 50% buted at

mainly to technical con- siderations after the aharp decline while new selling was curbed by the steady, tone of the raw market. "And renew- Ed - political tension in Middle East,

Contract No. 4 (world)

May

*September

October March

-Jub

Heptember

801|'|| Spot-[rents" borib,

Open Internet: 19,108 voN:

September

November

the

Singapore Stock Market

Singapore, Apr. 20. Brokers today quoted the following stock prices:

Opening

alu Lintang Hubber Co.

Ltd.

British Borneo Petroleum

Byndicale

Consolidated. Tin

Ord.

Bielters

234 60

Fraser & Neave Lid Ord. ... KLAIS Freser & Neave 71% ctm.

14.00 Commona (Makara) Limited · 1300 * Hongkong & Shanghat. Dang-

prof

б

0.01

5,00

ing Corpakinggan

Kempus Ltd,

apresen

"(doutillo)

@pol=[centa per lbs all NY KOZAR

Inferriational Paper

3: Open': iniluresti · 5,16

Kansas C. Power & Zig

Univedi Preen.

Hongkong Tin. Ltd.

Kunis Hamper rin Lunas Rubber Estates Lid,

Malayan Browafies: New Berandal, Rubber Run) tin t

Mingapore Cold Storage Strife Trading win Straits "Mwamanty 'United, Engineers Ord,

| Wearna Bros.

• gymdivi

18!"

Special,

from Chittagong, Rad- zoon, de SingNDON # Tor Japan

from Japan ·

for Singapore, Penang. Rangoon, Calcutta

P. & Q./B. L JOINT SERVICE

**ITAUIA”

due int May

anila 3rd May

HUMARIA” fur-ftúy May balis 19th May

"OBRA”

đại lnh Ma safle 2015 May

"ITRIA"

due And May anils 24211 May

from Karachi, Bombay, Cochin & Singaparo "Tor Japan

from Bombay, Cochin, Je S'pore

for Japan.

* from Japan.

for Singapore, Bombay, Katachi, Bancab, Khor shahri Kuwait

from Japan`

for Singapore, Bombay Karách,Maerah, KoOT" rand Kuwait

EASTERN & AUSTRALIAN S.S, CO., "EASTE

Bth Mas

May

for Labus Bandakan, Rabaul, Brisbant,, öyde

bouume je Adelaide,

· from ' Australa “ARAFURA"que sih May

All riskis hára liberty to call at any ports on er off the route do the route de salilone now jeuhsach to, change of amendment, withi (or wishest "Moties.

For full particulars apply to i

MACKINNON, MACKENZIE & 60. OF HONG KONG LIN. Telephone Nos: 27721 4.

+F