THE CHINA MAIL, FRIDAY, JULY 26, 1957.
TRADE and COMMERCE SECTION
OUTPORT MONEY BOOSTS
Majority Of Issues Up:
TURNOVER INCREASES
By A SPECIAL CORRESPONDENT
A quantity of money believed to have- come from outports boosted the Hongkong Stock Exchange this week, increasing the turnover $2 million from last week.
The majority of issues were up on the week and at the close yesterday prices tended to harden.
Utilities were – wel) in the la fete with Trang leading with cain of 60 cents after their indial ree of $1 East week. They closed at $24,70, 20 cents below their high for the week,
O'er gudners in this scellen at were Telephones, 50 cents $28.30; Yaumalla, $2 41 3106: and China Lights, 19 erals at $18.71).
Keen Buyers
The popularity in this section could be due to the fact that there were many ker buyers
und as a result serip started lu
Banks wacheri
dry up at the close.
Hongkong
Unions also
their highest quote since 1955, and before they were quoted on the Exchange yesterday after. noon at $1,770 ex-dividend cum bonus, they were belog offered at $1,805,
lacked on $2.50 for the weeks to close at $97.
Wharves reached their highe:1 quote yesterday since 1952, whi their high was $112.
Yesterday they reached $111. Docks also gained $1.50 on the week to
close n! $47. Risca in both these stocks were due to the good busines?
these companies
are enjoying at the present.
Recent Sale
Hengkong Hotels tacked
on
50 cents this week which might have been due
recent to the sale of Miramar Hotel for $16 million. Que trend of thought is that if the Mirene could feuch, this much, Hongkong Hotels could get more with the various astels, and with a le over 1 million shares Issued, the stock is worth more then its prosent price of $15.30,
In the stores section, bolh Dairy Farms and Watsons made substantial gains on the weat Dairy Farms, which are said to have had better half-yearly eamings than last year, trecked on $1.05 while Waisons golned 05 cents, also ou reports of good business prospects.
Cements closed at $33.50 yesterday, a għin of $1.25.
the rubber scation Amalgamated showed klight Improvement
better demand.
The undertons
on
during the past
week has been steadier Urani of late visch
ness to have
Je to the better all round enquiry.
Market Diary
Here is a market diary of the week: Friday:
Monday:
Prices tend to huurdlun on
front.
5075,000.
wwwidic
T/O:
Some follow
through. T/0: $1,304,000.
HK Wharf
MARKET INCREASE IN
#00
BOD
WORLD RUBBER MARKETS
Now York, July 25. Rex rubber contract closed today 10 points higher to 15 points lowLY with sales of
50 ccontracts.
July
33.25
32.45
BELGIAN BANK RATE
The
Bruskeln, July 25.
13
Rational Bank has anomticed that the baith rate with be in- creased by ante per cent, effective today.
The new rate will be 4% per cent. Financial doufeda fald the meantire estre do no surprise
and
overdue,
was in fact since neighbour- Ing countries hiked their bank rates in receni menit.
* The Sharé Market At A Glance ★
June 27
July 4
July 11
HK Bank Lombard
1030
1040,
1785
July 18 1750
July 25 1770xel
Up or Do
37л
376
37
37168
+$50 -B0C
Union Whoclook
89146
VOL
92b
04140
07
+ $2.50
7.76
7.89
7.NO
B
7.95
10809
168
1062
189
211
+$2
HK Docks
44%
454
45!4
455
17
+$1.50
Provident
13.10
13.10
12.30
12
12.30
HK Hotels
15.30
15.55m
16.40
15.30
15.30
HK Lands
3544
354
2514
3514
30
+600
UK Really
1.425
1.48
1.45
1.45
1.475
+#140
22.10
23.20m
23.10
2410
24.10
+600
133n
1300
136n
138#
134m
103
1034m
103
104
100
+$2
18.80
15.80
18.00
18.60
18.70
+100
20.80
20,00
20.80
20.60
ZX60
Meady
28.40
27.90
27.80
27.80
28.30
++500
33
2234
3214D
3214b
3354
$1.25
Standard contract closed 10 points higher to 15 points lower with no sales reported.
WAB hecessary to counter the tendency of foreign Belgian capital
reek higher rates in other coNTI<
14.00
14.70
14.85m
14.75t
15.80
+$1.05
July
33.25
September
33.63
tries.
11.75m
11.70
11,60m
11.55m
13.50
+95c
32,53
0.30m
0.201
6.300
1.35
0.45b
+100
32.45
4,000
*.600
4.55
4.56
4.30xdm Kidzdy
March
32,$1
The system of complete liberalisation suplied
In
10,306
10.306
10,500
10.70b
May
32.13
Belgium facilitated ihe
11.30
4.875 8.05
4.80
8.30b
4.35mxd 8.70
4.35. 0.40
4.35
9.30
+006 steady -100
July
21.03
HR Trans Star Ferry
Youmalis
Ch Lights Electrica
NK Telephone
GL Demens
Dairy Farm
A.S. Walso11
Tangbere
Allied
HK & FE Inv
Textile Corp
Nanyang
RAIL SHARES LEAD IN NEW YORK
New York, July 25,
Rail shares took over market leadership today Continue to harden. with a rise that lifted their average to its best
level since Feb. 15.
Tuesday:
T/O: $807,000. Wednesday: Ruled steady. T/O:
$740,000.
Thursday:
Fractional T/O: $1,303,000.
HONGKONG
STOCK EXCHANGE
The increased demand for the carriers, which lifted individual issues a point to 2 points, was viewed favourably in Wall Street as a harbinger of a resumed general advance which could push the industrial average through the 521.05 barrier of April 6, 1966 to an all-time high.
Attention
In the entred
sector
NEW SHELL
September November
January
March
May July
November
January
32.55
Terminal market tansactions appeared to be mainly routine operations between dealers, Shipment offerings were light and too high-priced to interest local buyers. Reported offerings
Singapore, cost and freight at 32-3/10 cents. Indonesian offer-
SHELL included some one sheets from
CHAIRMAN ings included some three ambers
at 284 cents and three brown
10.
20 cents a pound, Recurrent reports about
APPOINTED Russla being in the market for
1
E
A reallguiment
movement of capital.
this
According to the sources beginning "exodus" of capital had forced other banks to like their re- discount rale and caused she government some dif!k« cully to obtain Caplial recentlyUnited Press
CHRYSLER DIVIDEND
Arst
New York, July 25. Chrysler Corp. today report earnings, and directors main
record
sales and
tained the 75 cents dividend on common, stock-United Press.
ed
was
large-scale purchases had oppiarent effect of making sellérs cautious rather than encourag- New York, July 25.
ing any usual buying interest Shell Olt Co. announced here, Factory demand continued today the appointment of slow. Spot No. Res John H. L. London as Chair-quoted at 33 cents.
SINGAPORE man and F. J. Stephens as a In spite of better overseas Director, succeeding Sir advice, The market opened Francis Hopwood who realightly lower and continued tired from both posts on easier in a dull market. Futures: No. 1 rubber per lb. Aug. 0311-0336 June 30.
Sept. 14-14k"
Oel, unquoted
"
נו
coli-adi
921.03
63435
100-102
Mr Loudon is President ot No. 3 rubber per lb. Aug. 9215-9211
No. the Royal Dutch Petroleum Co. No. and Chairman of Shell CarlbSpot rubber unhaled
Blanket crepe........ bean Petroleum Co. Mr Stephens
No. 1 pale INDON of Shell is Managing Director Transport and
Trading Co., 110 Shell Petroleum Lud. and N.V. de
Bataatsche Pettoidum Maatsiap
2014
(Am.
Ixfustrial John-Manville Co. on ishes insos C. Potter & Light special situations stocks such Liggett Meyer Tob. Co.
Kennecat Copper ás Chrysler Corp. which was Leckheed Aircraft marked up a fraction on the Loewy Incorp. day's
heaviest turnover and Sane Star Cement Co Eethlehem Steel which was m❘ McDonnel Aircraf
& Sons, third place in the actives, and Stock Exge.) off over a point.
Mesabi fron Corp. Directors of
Minnesota Mining Both companies
Development met after the close, today, re- Monsanto Chemical Co. ported record first half talês and Nomigomery Ward
And maintained the Motorola ine. customary quarterly dividends. Most Active Baltimore & Ohio, recent rail feature, was second most active and rose over a point, Atlantic Coast Line, Western Pacide, Western Maryland, Texas Pacific added a point to points.
Our Own Correspondent Business done on the Hong-carninga kony Stock Exchang's this Inurning amounted
ap proximately $055,000 Noon quotations and the moming's transactions:
io
Shares Buyer Heliers Kate BANKS Jak Banik XD 1700 1700 INSURANCES Unión LombarÍ... SUNTING
Whee int DOCKS, ETC. * Wharf
Dock
Arovadeni
LAND, DTC.
90
33
$50 at 3814
A 6.10 2403
131
€3
zun zile). 15.80
16 1000 HR Land. 36. 3 1341
Oou stock which has done a thumphrey's surprising back-flip during the Realty week was Wheelocks, After RUBBER reaching a steady high of $8.15 Analy during the week, the stock started to slip yesterday und
closed at $7.05.
explanation
یا
One possible the
Yaumall
National Cash Reg. " National Dairy Prod. National Lead New York Central Olin Mathieson ou Elevators Owen-llinois Gins Castle Gas & Eler.
Pan American Airways Farament Pictures Parke Davis Co.
2 Perry J.C. Co.
Soft spots in steels in addition to Bethichem included Allegheny Ludlum which dropped over u point on a lowe: earnings re- port and wheeling stoel which fell nearly 4 on a prediction for 15.80 fewer carnings.
American Stock Exchange
30
200 36
14.30 10.50
volume was 920,000 shores com- SATE LED 3000 y 1.476 pared 810,000 shares yesterday.
3500 6 1.475 NY Slock -Exchange bond volume was $3,200,000 against $3,010,000 yesterday.
Closing Prices
"sheep- like" bondency of some Hong- kong investors "One buy, all Star Ferry buy. One soli, all sell,"
Turnover for the week was C. Light (0) 38.00 $5.09 million compared with
(Rs.) 1260
$3,01
million last week.
for
10 2000 3820 | American Cyanamide Co,
1700 ực 12.90 ! Amer, & Porgo, Power
Penn. Salt Co.
Philip Morris. Procter & Gamble Co. Pittsburgh Pinte Gloss
Fublieker Industries Pure Oil Radio Corporation Republic Ster
Reynolda Metal
Sears, Roebuck & Co.
Shell Oil Co
Saint Reg. Paper
Sinclair
Sucony Mobils Solar Airarmst
South Puerto Rico Sugar Southern Co. ('The)
Southern National Gas
Southern Nairway (Com.)
Standard Brands
Tide Water Air
TILITIES
1.30 1025 11305
..... 2448 +24.03
* 6 270}
Standard Oil of Cal.
1600 si 200 300 v 20 70
Standard Oil of ind.
5000 456
Allført Chenieria
93
Manderð 01 st NJ.
500 $35
Ailled Mille Inc.
2012
Stoep Rock (Toronto Exge.)
133
130
Allis Chai
54%
Sterling Drug Co.
100 408
416
106 200 10 201
American Airline
10%
Stokely-Van Camp.
American Cable & Radio Corp.
Studebaker-Packard Corp.
Swift & Co.
13
15%
Texas Co.
ctric ... 20.70) 3277.00
500
Tally
200
20.00 Am. Math, &
dry.
414
Time Inc.
Telephone 20.30 2011⁄2
Cement . 33 334
1300
28.40
American Metal American melting
2512
Union Carbido
600 5
Am. Sugar Rot.
Union Peelfle Railway
2002 ( 30
American Tel & fai
1790%
United Aircraft
500 3915
71%
United Gas Corp.
600
US. "B"
335
UB, Le Co.
50%
THE
U.6. Rubber
172/
U.S. Smelung
U.S. Steel
Wather Bro
the week was 17 higher, INDUSTRIALS three unchanged and four lower compared with last week's tally
of 12 higher, six unchanged and six lower,
Better Sentiment
Here is an Ico House Street observer's account
the market.
The better sentiment evidenied at the close of the previous
wook led to
navall round
Hope STORES, ETC.
Dairy
29.70; Am. Gas & Electric
13
300 15.80 ............. 18.80 (16.13 Walion ... 131⁄2 12.50 2000, cg 12y|
1000 L 12,56 1000 12.00
COTTONS
Texiles 4.308 $375
1000 10
MISCELLANEOUS
Entert Vibro
Yangitze 10A5
Allied XD Invest
..... 1940)
INVESTMENTS
Improvement during the past K. & T.E
values
wtek both in share and in the volume of business transacted which was slightly in excess of 35,000,000.
The best performers have been Dalry Farms and Watsons which made gains of Approximately $1.
4.35 4000 @ 423 ... 1000 11.10
London Foreign
Exchange
London, July 25.
2.10-3/10-2,70-0/19
Closing rates were: Now York Montreal
Trans were especially antive but, closed slightly below the best level (324.95) on profit- Brussels
Docks, Cementa ant Only
Also Pariz
Stockholm
Birya spola and tacked on Others unchanged useful gains.
Wheelooks were also active and
American Toba Anaconda Copper Armoo Steel Armour
Atlas Copa Mining Baldwin-lima-Ham.
Hamare Ohlo Bensleit Finance Bendix Aviation Corp. Benguet Cos
Bethlehem Block Boeing Airplane Borden (The) Co.
Burroughs Add Machine Campbell Soup Co. Canadian Pacino R
Case (J. I.) Co. Saf. Tractor
Celanese Com
C: I. T. Financini Curp. Chase, Mannat.. Bank Chrysler Motors ...... Climax Molybdenum Colgate-Palmolive Co. Colombia Carben Commercial Credit .. Commonwealth
Consolidated loc
Continente Of of Del, Grown Zellerbach Cuban Amer. Buxer
2.83-15/10-2.04-1/10 ] Diamond Alkall 100.10-150,35
Dougian Aircraft 10.0814-35,08%
Dow Chemicals 08035-00031
Dupont de Nemours Eastern Airline Eastman Kodak
United PIVES,
vazed sieadily to 3.18 New York Foreign
which level profit-taking set
in cuunding them to fall back
to arood $5.00.
Hongkong Banks recovered well
Whilst
from $1,750 to 2,805 Union Insuranoči also made momo_headway.
Exchange
Pas National Gar Faunday Tmaner Corp. Firestone Tyre & Rubber Ford ofpr Gjonaris Electric
General Fooda General Motors Fan, Jul, vas
(Goodrich (17.) Co.
New York, July 25. Closing rates were: amen England official
alidren do
un-
30-day DO-GAYE Auimlia New Zealand?
1.05% 3,30% 2.78-3/18
Goodies Tyre
Chuff Ou
China Lighta and Electric were
virtually and
changed.
Kanystaw also wuffered silahtly in
Bouth Africa
fruen patit-falling following | ADLANT title recent rapia tiko,
Hayden Newport Corp
Mming Co.
2.773 2 thland mites, Co.
91090/10 | 1stë žluminane Machines
· Ant'kelarveRIET Infestational Nicksi
Argentina
Others unchangedaminitoa kusan,
Twenty Century Fox Film
Westinghouse Electric Wenern Union Tel, Co, West Vs. Pulp & Paper Woolworth
The robber market was steady with spot quoted at 27% perce per b. Prices;
Royal Dutch andi Shell August
September Transport are the holding com- Oct/Dec. 41% panies that control the
glant Jan/Mor.
4x
Royal Eutch/Shell_group companies.--United Press
Exchange Rates
No, it spat...
Settlement houre term:
276-273
2751-277
of
Apr/June
2791-2732
Augus
September
Estate crop
Extate
Busines Wan done in the local unofficial exchange
market
1544 Imorning, at the following rates;-
US. doline (per $1)
36
€7.
7015
40%
Stering notes (per 1},
Australian nolès (për ɛ1) Indonesian rupiah (per 100) Slam cal per 100)
Singapore (Strolls)
General market, 'citals, acts:
271-27 27- th Aug. unquoted crepe thick Aug, 2014
-United Preen.
Bethlehem Dividend
New York, July 25. Bethlehem Steel Corp. today
*
Pagë
INDUSTRIALS UNEASY IN LONDON
London, July 25. Disappointing dompany #tatements made the whole Industrial sector uneasy and all sectors were concerned at the industrial unrest und the forthcoming economic debris in the House of Com- morts.
British Governments opened weak but parily recovered their Toasty. Falls were reduced most- Зу to 1.
In the Industrials
United Dairies and William Cory su- Stained sharp Talls on their Foor
ала earnings Fillvidonds but most
میں
reduced ihe leaders ensed only a little.
Channel Tunnel, which is ba- ing strongly bought, advanced
shillings another
10 18 shillings. Tobacco shares suffered profit snatching on their recent advances; Imperial lost a shilling at 40/3.
Foreign bonds remained out of the pleture while collar premium was steady at 181⁄2 per
ent.
Oils were out of the picture. Turnover at 10,072 bargains was the smallest this month- United PreKS.
NAMESAKES
5
Angwer:-1 Banter, 2 Bache- lor, Husband, 4 Beatrice, Wedding, Misogamist. 7 Comedy, Wedock.
Benedick (Frem Shopes- pente's **Much Ado Nething").
About
PO B•I│E&A
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N. CO.
Outwards
"CARTHAGE"
"CORFU
"CANTON"
"CARTHAGE"
Leater London Salled 26/0
Sated 23/7
21st August
11th September
Due Hongkong 28th July
25th August
2nd September
20th October
Via Southampton, Colombo, Penang & Singapore. Homewards
"CARTHAGE"
"CANTON"
"CORFU"
ກ
oo reported record sales and earn- 10.15ings for the first half of 1657 12.43
and directors declared 13.00 27.00 dividend of 80 cents a share on
1.80 common stock.United Press,
QUIET SESSION ON NEW
YORK
COTTON MARKET
New York, July 25.
Alternate small rallies and declines marked a quiet session in cotton futures today.
Upturns to the previous close uncovered hedges against new crop ginnings from the south- 2014 West. Declines met routine buying by mills and
30 shippers.
G015
4034
Closing on a reaction the list Spot ruled net losses of 11 to
points. The market
13 October
itsla on 7 points. New up 3 March
cloyed af 11 to 12 points.
December
Orleans | May**
July October December
New speculative "Interest con- 18tinued to be chilled by over
Hanging uncertainties relating to the probable government foun rate and farm legislation.
Hted Pres
New York Sugar Market
+
**
"CARTHAGE"
Leaves Hongkong Due London
1st August 28th August
20th September 244) October
1st September
2011 September
21: October
24th November
Via Singapore, Fenada, Colombo & Adam,
FREIGHT SERVICE
“SALMARA" (400 1st Aug.
"BALSETTE" due
oth Aug. "SUNDA" Ihade of Aug.
"BOMALI
due 17th Aug.
"SALBETTE" at (9) Aug-
from U.K.
tram UK.
far Singapore, Pt. Swel tenham, Penang, Aden,
Mayte
London. Han- Mirgotterdam, Ant- werp & Grangemont
#teta Ú.K.
for Londen, Hamburg. Rotterdam, Antwerp viä Straite & Aden.
BRITISH INDIA S.N. CO., LTD,
1838 A HUNDRED YEARS OF SERVICE - 1938
"BANGOLA”du•
¢h Aug. 7th Aug.
'ORMLARA” due 19th Atty. Falls 12th Aug.
"SANTHIA" and 25th Aug.
salla Wirt Air.
30.45
31.60
24.60
3137
34.91
33.45
"ITOLA”
NEW ORLEANS
Prices of cotton futures closed The loan rate for the 1957-58 today as follows:
crop is expected to be
カカー
Spot October
Bonood within the near future. Documber
May
from Jops
for Singapore,” Penang, Kangoon & Calcutta from Japani
for Singapore, Penang Rangoon. Calcutta Chittagong
from Calcutta, Rangoon
dc SITAK for Japas
P. & O./B. I. JOINT SERVICE
dine 29th July saite July "URLANA” due 3rd Aug. Balls Bih Aug.
from Karachi. Bombay. Colombo & Singapore for Japan
from Japan
Cochin,
for Singel Bag
Bombay rah. Khorramshahe de Huwatt..
hidh Bombir, Cochin,
& Strigare
pedag 201
Karachi, Baralı Khor=
33,80
24 60-
34.04
34.70
MA
Obtober Decembor
33.25
23.415
"ITAURA” duo
8th Aug. BASE 10th AUK. "İSNIAILA" Que talk Aug
to
sālis 20th Av
for Blogapore, Bombay,
LIVERPOOL
tamente de. Kuważ
to
Cotton future
cloaluga, pence per 18, were as follows: Old contract
October/November
December/January
20.54
20.60
March/Appl
"EASTERN” due Aug. "NANKIN" Alle 12th Aug.
The minimum rate, a belief March curly this year, as 77 per cont
Joby of parity. Lafer, a belief existed New York, July 25. that the rate might be #xed World No. 4
finally between 60 and 63 per sugar
cent of parity, but lately Ideas futures today closed un-bave beer scaled bark changed to 6 points lower court the minimum figure. with tales of 876 contracts. Caution also wad sl:own
Judy/Aurist the government's first Domestic No. 6 sugar futures before closed unchanged to 4 points imate on the size of the crop, con scheduled for August . The Commodity Credit Corp. re- the The world contract remained period loan withdrawals for unter the indoerce of a lower week ended July 19 at 14,855 rave situation, and the presnice under Joan at 702,080 bales. At leaving the net stock 100 of Brucllery offerings,
fond of the redemption privilege 4.43-45pertoe-Jug It-the agency is 91-370xpected to take over 3,700,000 cruzeiros per kilo were as fol-
SOL
Jowar with miles tracts.
of 74
לי
צבא.
May/Jube
New contract
July/August
October/November December/January March/Apri May/June
Cotton
SAO PAULO
future closinga,
March
Contract No 4" (world>
October
Ty
Maren
450
July
4.00
bales, traders estimated
Beptember
4.04
Menn
October
4.03
Oat.
Spot-(cont per ib, job Cube) 4.00
Open interest;,pasi conteneda,
Mar
Volume
$700 10,700 6.000
lows:
Opers, Intscast
October
December
TREND-
Contract Noir (dorizantía). September
KAY
July
Oct
Ja7,000
119,900
Tota
20ish per 15, cf" WY
Open
07730 bolts
4.000000
NEW YORK *Prices of colton futures closed todo as follows:
May
Jury
36.40
30.20
40.50
4030
5 the United States, the avèr- ago price of one-inch cotton at 14 designated spot markets was 33.38 conta.
Total sales were 14.145 boles.
James Prom
PASTERN & AUSTRALIAN 5.5. CO., LTD.
from Australia
for Labuan, Bandakan,
Bafana Bulabatie. Bydd
Melbourne Adtilide
All Temple Bava Uherty to call si sny ports on or of the route à te vinte á világt are undörer to churgt de amendment, vettä se without matice,
For full particulars ripple Pay MACKINNON, MACKENZIE « 40
OF HAND Wayn Telephone Nos: 27791-4.
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