:
THE CHINA MAIL, FRIDAY, JULY 12, 1967.
TRADE and COMMERCE SECTION
Page
BANK SHARES GET A BOOST Switching CHATTER
Provident Hit * The Share Market At A
By Reverse:
Lose 80 Cents
By A SPECIAL CORRESPONDENT
UK Docks
Provident UK Hotels
RK Lond
IK Realty
Glance *
July 11 1780
WORLD RUBBER MARKETS
New York, July 11. Rex rubber fulüres closed to- ety unchanged 180 points lower with sales of 87 contracts,
Of Funds ON WALL In London
STREET
New York, July 11. Obvis Brothers & Co. be-
London, July 11. lleves that with demand Stuck trading today fen. expanding and lealership tured a fairly heavy switch- good, indications continue ing of funds from British that the current advance is shares to dollar securities likely to carry further, and other international stocks such as Hudson, Bayu may be wise for the moment and Berax.
Up or
If Bark Lombard
June 13 1034
June 20 1640%
June 27
July 4.
Dow
1080
1640
+4143
HDy
10%
17#
37n
*
strady
Unton
#0
BOL
81343
gob
026
+$2
Wheelock
2.00
7.BU
7.76
7.83
7.80
50
HK What
1062
107
108m
108
108
steady
44
14
4414
154
4514
steady
13.40
13.30
13.10
13.10
12.30
-896
15.50
10.45ra
18.30
16.55m
15.40
-156
30
36
3634
3631
3021
steady
1.45
1.425
1.45
2,45
attudy
SIK Tranis
22.20
23.10
23.10
23.20m
July
7.00
29.10
-100
September
32.05
viar Ferry
1911
1361
176)
1361
1351
November
37.40
January
Y'aumatin
104
101
103
10314m
103
--500
Observers attributed
the
May
Ch Lights
130
18.80
18.30
18.80
18.00
-204
July
31.70
Electries
30
30.20
20.80
20.00
29.80
-10c
HK Trieplane
28.30
28.60
38.40
27.90
27.80
-100
The standard
contract closed
nction to continued strength In Wall Street and fears that
of
6.1, Comment
33
32146
3214
3214
32146
-25c
Diary Farm
14.00
14.80
14.70
14.70
11.05m
with no sales reported.
A.. Watsu
11.80
11.80
11.73m
11.70
11,60m
-10¢
July
Yangtze
$.40ni
4.30
6.30m
6.3011
6.300
steady
September
Allied
1,60
4.70
4.60b
4.000
4.00
IK & FE Iny
10.386
10.000
10.300
10.201
10.50b
+-200
Textile Corp Nanyang
4,825
4.875
8.050
8.10
4.673 24.03
4.89
4.35mxd
8.70
+50 +10c
May July
Hongkong Bank shares were the main feature of the week on the Hongkong Stock Exchange gaining $145
the proposed bonus issue,
on news
The shares closed tit $1,785 yesterday, which was $5 down from their week's high.
ba arnoticing the the fem bonus Issue--a well-kejt intended which oven fuck mrop membra, of the statt by surprise the Tank disele seri that it would. capitulise $25 millon of the ro- serve fund. Negotiations with "Government to abolish the re- of shareholders serve ability
hes are completed and legislu- fit will be bitroduced soon in 1. Co. to effect this.
Thus the share should HOW Jarome
it- fettive Urinvestment companies.
CNICO
Pushed Up
On Monday when the Hong- kong and Shanghal Bank 10- nounced the bunus irete and nu unchanged interim dividend of £2, buyers pushed up their side $60 in one day.
The shares reached their highest en Tuesday when arte.. were registered at $1.700, but the share felt $5 at the clo 2 yesterday on slight profi-l:king, Lane Crawfords were mult. up sharply yesterday to $324 following the enoug
201
Fight
Badway 13 rel Flourth WB Buyera ut
Else. where, Nanyang Coltort were fem. (lowing gelay of up- proximately 40 venis,
In the stores group Lane Draw- ferds were marked up sharply 508) (melistely fulaw. ING the dividend DES- tment of $3 per stizze (unchanged) and proposed bonis isang of one new share for every one share heid, but quickly reacted to $32 before the clone.
other Provident on the
land. suffered reverse and lost HD this un the week hereby howing disapproval of their proposed now. Issue of one share for every jour held at a
premium of Sh. This means pay $10 a share in order to
that shareholders will have to
take up the new Issue.
For the remainder Prices
getuates milly
great interest shown.
with
Market Diary
no
Here is a market diary of the of wk:
Friday:
unchanged dividend of 33 eldi'a proposed bonus Issue ta ene thare for every one held. The lock, however clused 50 cents below Its day's hest.
Rather Tight
1: appears that money is rather light of the maneat and that any ultempt to draw moky by Bay istic on the market would not be popular mier present conditions.
This is very evident as for as China Provident is eccomed, Their offers of a propored issue of one in feur at a rating of $5 the there would theseinre $ID-10 the shareholders was col well
rereived, Th Fult
that Provident
اننام
hat 80 cents on the wrekk closing at $12.h,
Monday:
Rufed qufelly. T/O:
$635,000.
8,306
PROFIT-TAKING New York Sugar
TAKES TOLL ON
WALL STREET
New York, July 11.
Profit-taking took a toll of stocks today after
Market
New York, July 11. World No. 4 sugar futures closed today 4 to 19 points lower with sales of 1,614 contracts.
Demtsile No. 6 sugar fatures
closed today one point higher
two weeks of almost steady advance but the sea-with sales of 37 contracts. sion's big features, nevertheless, were gainers.
were
unchanged to 0 points lower Chancellor of the Exchequer Peler Thorneycroft may nh- nounce tighter credit restrictions In a speech scheduled for 10-
November
Junesty
March
Futures Trading sty
32.po
32,05
3.40
33.20
33.14
11.95
morrow.
anrt
E. F. Hutten & Co. feels that
to look lor continuation of the recent dominant pattern of moderate selective strength.
CONSOLIDATION
Bache & Co. would Jock for sonie consolidation or side wise movement to be followed by mother slap upward.
The Bache
Co. sees &tron has broken oui dá a esisolidation jarea on the upside and thing has
Besides Hudsyns Bay 31.70 Botox on heavy local and over- Coloratio Taller seas buying reflecting
routine today with trading light, switching activity. There was lille factory Interest
the
reported in physical market. British Government band formed a favourable, secluniçal Shipment offerings were mode- were quiet and tended to drift putteri fate but did not press on the lower.. market. Spot No. 1 Rs was quoted at 33 cents a pound.
AMSTERDAM
The rubber market was very quiel. Prices closed in guilder per logrom, elf August as fol- jown!
No. 2 rubber No. 1 rubber No. 3 rubber No. 1 crepo
SINGAPORE
2.63 paid
2.61 buyer
2.30 buyer 2.07 buyer
The market opened higher on Cair OVERVEJS enquiry and Aluctuated within narrow limits, There was
a good enquiry for interest for remilled grades.
Futures: No rubber
Leading groups all closed lower on average- 1.84 points to 617.97 in industrials, .47 to 151.95 in have bought yesterday's world lower sheets said slightly Better rails, .12 to 71.18 in utilities.
Among the specials, however, i International Nickel
исте
Rains ronging past
points i Johnson & Johnson,
4 in International Salt, 5 in
Int'l Tel & Tel
101%
International Paper
106
37
Jolin-Manville Co.
6012
Kanza. Power & Light
Kennecol Copper..
|
Lockheed Aircraft
Loewy Incorp.
Pennsalt, 40 points to $1,740 in gett Meyer Tob, Co. high-priced Superior Oll of Cali- Fow fractioneifornia un the heels of a spec-
T/O: faculer carnings statement.
changes.
5491,900. Tuesday: Pull mörket.
$313,000. Wednesday: Quiet
Thursday:
In the cation section, Nanyang facked on 40 cents to clor af $8.70. It is thought that their regen! sale of 15nd the Tokwawan area, Kowloon Cily, viridih a good prent. They are moving their factney To Rames Trak
An Increase
The Hongkong and Fur
T/O:
conditions. T/O: $565,000. No material change. TO: $1,000,000.
HONGKONG
STOCK EXCHANGE
Our Own Correspondent
Chemicals as a group were strong and active, particularly the Borax Makers which con- linves to reflett news of Olin Mathicagos. new Borax-based Jet fucie. Olin, the day's most active Malh@sons touched new high. then lost nearly a print es
a big secondary was marketed.
#
A large secondary offering also affected US Steel ang : closed off over a point.
General Motors niet late rub of demand which lifted it fiquely a point to a new high,
Diellies in cits ran past 2 points in Guit, nearly 2 In Shell, Of a total 1,100 issues traded, B01 were lower, 345 higher, 250 unchanged with 61 higher, 24 low.r
Volume of 2,830,000 shares fell
60,000 shares short of the on the Hong-Wedniny total. Exchange thisi NY Stock Exchange bond
volume was $4,200,000,
American
Exchange Stock volume was 1,010,000 shares
Business done
Steck g
amounted to approxi- mately $245,000. Noce quota- tions and the morning's transac
!it
Shates BANKS
Buyers Sellers
Saira
INK Bank.. 1263 1500 50 1180 INSURANCES
93 NZ
Land and Investment Company i
Untou
Limited which announced
Bust
#
dividend of 80 cents, a ilve cent Increase ever last year, rained
20 cents on the week to close
ด!
A buyer's quite of $10.00.
SHIPPING Watermat Wheelcek DOCKS, ETC.
K. War.. Provalent
Deck
الله
Closing Prices
20
9316
Alden Ine. Acy.
Allied Chemical
Allied Ms inc.
All Chalmer
American Airline
Auseroan Cable & Radio Corp. American Cyanamide Co.
4 Amer, & Forg, Power
11.00
7.88 35
4633
..
10.30 14.40
100
10.40
1331
1.15
1.50 1.35
Al atlifles had fractional LAND, ETC. losses over the week. It was : 10€ Hater
reported yesterday that the Healty
MX Land.. Colony's electric light and powertun companies are likely to make a Am
Yan
30X 16
dreision on whether the add-UTHLITIES tional surcharge of nine per Tram 23.10 RUKU cent will be maintained or re- 1 Stør Ferry duced sometime next week. 10. Light (0) Che of. the TERS: $ for these stocks, being depressed was the local ogitation over the Increased surcharge.
..
30 109
Am. Gas & Electric
Am. Mach. de Fry
American Metal
Amerton Smetting
Am. Burer Bof.
Americni Tel. de Tel.
Arne He Tob. "B"
Anscondo Copper
Armeo Sleet
Artur ...
Attar Dons Mining
203 vé 1830 | Naldwin-Lima-11sm
0003 18.68
13
140 or 12.00
18.00 10.70
(RL) 12.80
30.70.290.00
10.20 10
Electric Macno I. Telephone
100 or 12.80
INDUSTIUAL $7.70 27.15 Cement 321 3214 123033 ETORES, ETC,
Dairy
The market closed on a firmer foot yesterday with the overalt Jurnover amounting to $3.08 million compared with $2.14 mililon last week. The tally ivas five higher, six unchanged and 13 lower compared with 12 Watson higher, ten unchanged and two a lower the previous week.
Substantial
مہیں
the
COTTONS
12.60
Batimore &
OHIO
Beneficial Finance
Bendix Aviation Corp.
Benguet Cons
Rothlehem Steel
Boeing Airpla
Burroughs Add Machine
Borden (TA) Co.
Campbell Soup Co.
1400.14.70 600 414.00 Canadian, Packie R.
350 14.01 Case (J. 1.) Co.
3500 Cat. Tractor
1500 + 14.70 Celanese Cory
111 2160 40 114C, L. 7. Finncial Corp.
11:00
NFT.yang MISCELLANEOUS
Bitert. VIDTO H.K. & F.E. Invest...
1020 10,00
19.00
101
Exchange Rates
Here is an Ice House Street observer's
pccount market:
The main feature of the past woch har tired the mihatantiai rise in Hongkong Bank aliares which advancet from '81,646 morning at the following ratos:- to $1,790. sp the strength of US dollar per $1)
Chase Manhat. Dank Cryer Motors
max Molybderkim Colgate-Palmolive Cu. Colombia Carbon Co. Commercii Crest
Conmuttwealth "Eloe.
Consolidated don' Continental Oll of Crown Zellerbach Cuban Ampt. Suger Diamond Alkali ... Dougins Álfcraft Dow Chemicals Puyente Nepours
Business WAK done in the local | Eastern Airling'uni unofficial Exchange market this Esatman Kodak
Slam tica per 100) Singapore (Straits)
Gen. Pub. Ul. Detly. bir
Paro National Gas 6.0$ | Family Finance_Corp. the proposed bonus issue of Australian nolce (per £1).. Storing notes Der 1).
18.20 trentone Tyre Rubjer 10.40 | Ford Motor Juan on, new share for every one indoncalan raplah (per 100). 28.29 General Electric share held.
28.00 General Juods.......... In London, they were
180 Cleners! Moldes marked 201 to £1034 upfronts Trading in these shares was, however, áhly Moderately motive but this was chiefly dun to the scarcity" "of "#erto although they diy close $5 below the top level.
+
NAMESAKES Answers; - 1 Humour, Amusement, 3 Screen, 4 Action,
Laughter, Ridiculous, Films, 6 Slient, 9 Uproarious, 19 Foolery, 11 Studious.
Also In 180* "herry' class, Harold Lloyd (The Altri
Unoin Insurance shares made comedian).
Glidden Co. Goodrich Goodyear Tyrs
o Beyden Newport. Corp.
enginiams Homaniako Miring. Co.
Interchemical Cors
Int'l Businema eluhes
$ 17%
|
Lone Star Cinent Co. Lowenstein & Sany
Melannel Aircraft
Stock Exge.j
sabi-Iron Corp.
Minnesota Mining
salon Development Menenhto Chemiegi Co. Motorola Inc. Mopisomery Ward.
National Cash Reg. A National Dairy Prod. National L
National Steel Tom, New York Central Olin Mothicron
Ol Elevators
Owen-Illinois Glass
Pacine Gas & Einc.
Fan American Airways Furnmount Pictures Purke Davis Co. Penny . C. Co. Per Galt Co. Philip Morris Procter & Gamble Co. Pittsburgh Plate las Fublicker Indusirtes Pure Cl..... Radio Co Republic
Reynolds Meln Sears, Roebher & Cis. Shell Od Co. ... Saint leg, Paper
Sinclair O
Sucony Mobilo
Solas, Aircraft
South Puerto Rico Bugar Southern Co. (The) Southern National Cos
Southern Railway Slanderd Brands
Standard Qn of Cal Standard Oll of
Com.).
Jad....
Standard Ou or NJ,
Steep Rock (Toronto Exge 1. Sterilug Drug Co.
Stokely-Van Camp.
20% Studebaker-Packard Corp.
3327 | Bwift & Cai ....
ยพ
World
sugar futures active and lower in line with the drep
world row prices. In French Morocco
was reported to
raw spot of 6.75 cents.
The spot at today's close was quoted at 5,80 cents. Brazil, which had been offering sugar under the Cubon price recently, was reported to have seld some to Spain.
August
September
October
per
US issues
scored widespread gains to 3 or more.
Industrials other than Ameri- can favourites were stendy and quiet.
Josephthal & Co, seca a possi- ६६ stock split for bility of
Chrysler in 1958 if the coin- pany can maintain its share of the market and the overall economy is callsfactory.
Moody's advlees a switch out Pacific Petroleum and Alcoma of Vulted Fruit Into General Strel highlighted the Canadian | Motors of General Foods.. dollar section.-United Press. United Press.
•
9324-14
aquote
No. 2 nibber per 16. Aug. 0213-794
rubber per . Aux. No. 4 rubber per i Ave. Spol rubber inbaled blanket crepe..).. No. 1 pale crepe.......
101-103
P&O BI EA
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.Ñ. CO.
"CANTON"
Terves London
Domestic futures were and prices ricady.
quiet
Contract No. 4 (world)
LONDON
September
654-36
October
8.12-63
The
4212
January
4.70
rubber market slcady with spot quoted at 27
W#3
March
1.45
40%
May
4.30
5/18 pence per 1b. Prices:
July
4.30
No. 1 Ray spal
3714-2731
40
September
4.30
Settlement houre term:
Qutważdą "CALTHÁ GE”
Selled 25/0
BU
October
4.11
August
23rd July
September
Open interest: 7,640 contract,
Contract No. 8 (domestic)
October/Decegiber
21st
August
January/March
Aptt/June
36
September
0.03
601
General markets, cif basis,
40
November
0.00
July
March
3.70
August
63
4छन
September
5.10
ber
Spot (cente per lb. et NY
prepe thit July and
ex-duty....
0,05
August
Open Interest: 2003 contracts
Thick July and Augnat
211)
United Press,
United Pren.
3015 Spas (cents per 1. Ich Cuha) .560
21
Trin Co
41% Tide Water Assn. Oli
Time Inc.
354
Union Carbide......
Twenty Century Fox Plini
1221
413%
Union Pacife Rollway
2012
25
United Alterati
04
01.
Ualled Gas Corp.
30
17034
314
UN. Gypsum
U.S. Line Co.
111 US. Rubber -
40
U.9. Smelung
384 US. Steel...
Womer Bros.
Westinghouse Electric West Union Tel. Co. West Va. Pulp & Paper Woolworth.....
23
COTTON FUTURES
SEESAW
BACK AND FORTH
New York, July 11,
Cotton futures seesawed back and forth on either side of the previous close today in very quiet dealings.
At the close, the list ruled seven points higher to seven points lower. The market opened three higher to two lower. New Orleans futures finish-
ed seven points higher.
diy levelled
Early movements were mostly on the downside ny somo local tad New Orleans. Eelkig come into the market, The selling off by noon and priest I moved un above their previous
close, Toward the cloin how ever, there whe kume further selling of distant October and December,
dropping those months to their low for the
United Press.
431/
London Foreign
Exchange
London, July 11 Closing ratek werk: New York Montreal
Amsterdam Brussels Frankfurt
43
Osio
STA
Stockholm
521
Vitha Zurea
27571-2.79
2.85 1/13-2016 11/15 -10,64-10.0416. 1800735-1403235 11.00-110014 1738-173816 1}}=11,00
00011-1200-45
34471504425
12.00-72.35
12 liny-12203
Trading op the whole was dull by the volume la expected
brun below yesterday's 33,200 bates
Mom oyes now are turned toward the government's first estimate of the 1957 crop on Aug 8, and the final loon figure
Spot July
October December Marit May
Jitly
October
December
NEW ORLEANS
24.03-09
34.99
Prices of cotton futures closed today as follows:
Spot
LIVERPOOL·
of the 1057 crop, expected early per lb., were as follows:
which expires on Monday, litlu
"CORFE?
"CARTHAGE"
18 Eeptember
nge Honskega 18th July 26th August
22nd September
2011 October
Via Boushadisler, Palomba, Penang à Mogapore.
Homewards
COARTHAGE"
"GANTON"
"CORFU
"CARTHAGE!
Leaves Rongong
lat Beptember
1st August
20th
August
20th September
23
24
September 27th October
October 2401 November
Aden,
Via Stagspare, Ponang, Colombo
"SUNDA"
FREIGHT SERVICE
ne 14th July
**SHILLONG” tưády 17th July
"BALMARA" due 2nd Aug. "BALSETTE" due 3rd Aug. "SUNDA" jorde Eil Aug.
“SOMALI"
Bus 17th Aug
from U.H.
.
for Singapore. PL. Swei. tenham, Penang, Aden, lovre, London, Man burg, Batterdam, Aht werp & Grangemouth from U.K.
from UK.
for same peris 55 "STILLONG"
From U..
BRITISH INDIA S.N. CO., LTD.
2838 A HUNDRED YEARS OF SERVICE - 1958 "BANGOLA" dud 17th July from Chiquita, HangvoD
& Siralta For Jacan
saile 18th July "ITINDA" Dur 20th July ›
sa alat July "BANGOLA” dur Ch-Aug.
walls 7th Aug. "ORMARA” dae 10th: Aug, wall 19th Aug.
duẹ 13th July
from Calcutta & Straits for Shanghai Japan. from 'Japan
for Singapore. Panang Itanon Caleutia from Japan
Hangoon, Calcutta Chittagong
'P. & 0./1. 1. JOINT SERVICE
"ISMAILA"
Balls 14th July *UELANA" due 27th July Balls Kil, July
From Karachi, Bombay." Cochin & Bitgapore for Japan
34.00
重
54.pi
30.93
24.06
$4.04
30.00
"TAUEA"
"OZÁNDA” duo
dus 28th July
all
jow
October Übenber March May July October December
Colton future closings, in pence
next month,
The nearby July
gid contraes July/Aug
dellvery,
Del Not
Dec/Jan
steady throughout the day ou
Mar:/OT.
light trade covering. Open in New contract Jay SALE. terest, li that delivery us of the previous close was only 11,400 Bates
May/Jude
OoNov
Ziecujan.
unchanged at 0,821′balce.”
New York, July 11, Closing rates were:. Canada
$1.00-1/32 England official
"
XW-31/32
11/16
Mopt' July October Pecember March May
Gelüber December
Volume OpenInterest
2,000
7,800 2300 3,000- 143.800
4,000 $12,000 55.00
Othors unchanged United PCI.
New York Foreign Certificated cotton stocky held
Exchange
New Zealand
uth Africa
need-sÜnited Prek.
NEW YORK
$0.00
SAO PAULO
In
Cotton future closings cruzeiros per kilo, were as fol- Iowa
October Degeen per
AY
$0.00
In the United Statar, the 100 bales average boice of one-incts colton At 16' desliebedarpatiharkshi war 34.04 cents.
Priter or editon fitures dosed Tolal wales st these markets: today as follows:
17/203 bateraled Prek,
alle 20th July 7th Aug. ile AUK
from Japan
for Bingapore, Cochin, Bombay, Karachi, Bas- ran Khorramshahr & Kuwait
from Bombay, Cochin, & Singapore for Japan
trus Japan for Singapore, Bambay, Karadi. Dasrah Kho7 ramojahr & Awwuli
EASTERN & AUSTRALIAN 5.S. CO., LTD.
"EASTEIN" duo 7th AúE. "NANKIN" mila zith Aug.
from Australia
for Labuan, Sandakan, Rabaul. Brisket, Hyd toy Aqelate
All vezzola hava überty to call, at any port on or off the routa ♣ the route a stilings are subject to changs or shinhdment With or withana mõtlen,
For full particutres opply for MACKINNON BACKENDU & CA, OF ROND KING 118 Telephone hus, 2013
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