1957-08-16 — Page 9

Page

THE CHINA MAIL, FRIDAY, AUGUST 16, 1957.

TRADE and COMMERCE SECTION

MARKET STILL LISTLESS SMALL AVERAGE CHATTER

HK Lands Make Good Progress During Week

By A SPECIAL CORRESPONDENT

The Hongkong Stock Exchango seems to be feeling the effect of the Colony's heat-wave as another uninteresting and listless week passed on the market.

Although most prices tended to improve fractionally or remain unchanged the turnover

was well below average.

The only seek that made a cents and a bonus of ten cents Hood showing this week was on each share.

Hongkong

seemed well

Lands."

Traders.

satisfed with

of

Lands' interfa dividend

$1.20 and the shares were

in good dunand during the

Market Diary

Here is a markel diary of the

week. They gained 75 cells for week:

the week long at $36,75. At Friday: one stage they reaches $37 on Monday.

Different Effect

Monday:

Tursday:

Prices tended to harden fractional- ly. T/O: $577,000. Prices hardly move. T/O: $034,000. Trading on moder-

scale. Ale

T/O:

$657,000. Wednesday: General undertone

Tic Interim

divitem an- roue by Hongong Trams of 60 cents the same as last year --had

different a

effect traders, 1 seems they were Thursday: expecting a larger Interim for

On

n few days before the dividend Was announced

cet the stock rose to $24,40. When the dividend | Wha

announced 011 Monday,

20 cents

Trams dropped sharply and went down to their week's low

$23.0

1.00-yesterday, They IV- covered ten cents before

the close. kesinir

or week.

Honkong Electrics. which Jost 50 cents last week when their interim dividend of 60 cents was announced. made a recovery this week incking on 40 cents to close ti $29.0 China Lights gaired 20 cent, on the week closing at $10.00.

Banka, which are now being quoted on the market at the ex-all price of $005, remained unchanged for the week, but Union Insurance dropped $3,50 Cements made progress dur

Closed ing the week and $33.25, a gain of 25 cents.

Middle Quote

ધ

satisfactory.

$470,000, Remained

T/O:

steady.

T/O: $515,000.

New York Sugar Market

New York, Aug, 15. World No. 4 sagar futures today closed un- changed to 11 points higher with sales of 752 contracts,

11K Bank Lombard Union Wheelock HK Whart HK Docks

★ The Share Market At A Glance

Up or

July 18

1750

July 26 1770x1

Aug 1

1820

Aur B 1620

Apr 16 905xall

Down

steady

3748

878

366

*

35m

4800

9434b

www.

36

064

93

$8.00

#

7.05

B

7.80

109

111

112

114

114b

454b

47

48

4854#

484

--80 steady

250

Provident

12.

12.30

11,60bxr

11.00

IL.EOD

--100

NK Hotels

15.30

18.00

15.50b

18.00b

15.50

steady

HK Lands

351

36

1514

酒:

3014

+750

11K Really

1.45

1.475

1.475b

1.476b

144

+40

HIK TramIS

24.10

26.70

24.00

24.20

24

-200

Star Ferry

185

1840

136

1850

185z

steady

Yanmails

104

100

100

100

107

+$1

Ch Lights

18.00

18,70

18.00

18.70

18.90

+200

Electrics

20.00

29.00

30

29.50

20.90

+400

HK Telephone

27.80

28.80

28.10

28.10

28

-100

G.1. Cement

326.

331

33%

33m

14.75m

16.80

15.00m

15.60

3242 15.60

++23

11.55m

12.50

12.70

12.406

12.80m

0.35b

645b

6.45b

Gn

0.405

-+100 +200 100

4.55

4.30 xela

4.25

4.20

4.28

10.70b

11.30#

IL

11.20

10xd

stendy -400

4,33

4.35

4,325

4325

4.825

steady

0.40

0.30

0.25b

0.266

0.85

+100

Dairy Far A.B. Watson Yang.se Atiled

K&FE Inv Textile Corp Nanyang

HONGKONG

STOCK EXCHANGE

Our Own Correspondant

Sales

20.000

COTTON FUTURES

HAVE QUIET DAY IN NEW YORK

New York, Aug. 15. Cotton futures trading proved indecisively quiet.

A selling spurt wenkened new crop Cel/Dec. deliveries at the close while other months held

WORLD

Business done on the Hong- Responding to small orders either way, the kong Stock Exchange this morning

to amoun od ap-market see-sawed narrowly on either side of the proximately $335,000, Noon previous close. quotations and the morning's transactions:

Shares BANKS HK Bank

Union

Whoclock.* The domestic No. 8 contract closed unchanged to three points DOCKS, MIC Jawer with sales of H coll. Whart

Dock Pvident (0) tracts,

LAND, ETC. HK Hotel

Strength in the world contract reflected a firmer raw situation where recent pressure of Brazi- an offeringa subsided. In fact, Holland and the United King- dom reportedly bought an un- disclosed amount of Brazilians. Contract No. 4 (world) September

October

JARNSTY

March

Buyers Ballers

000 DOTIS

DL EGIS

7.75

7.90 20000 7.8

INSURANCES SHIPPING

to

relatively steady. Final conge was unchanged 16 points lower. The market opened off 5000 7.80 six to ten points. New Orleans 114

closed up one to off seven points. 40 41

Scattered liquidation and 1100

1.101.1214

125 110 hedge selling supplied a routine demand from local operators 1515 15.00 2000 @ 10

various and 15153

trade interests. Now outside market Interest Land

1020 10.10 2000 @ 16.30 continued to lag while traders Humphreys Really .... 1.470 1.00

RUBBER

developments or Amalg UTILITIES

Tram 23.80 24 300 123.90 Yaumati

101 107

3056 2016

1.475 1.623

C. Light (0) 10.80 10.90 200 15.90

awal od drop other new incentives.

Consideration

Some traders awaited posible Senate consideration of a

RUBBER

MARKETS

New York, Aug. 15. Rex rubber futures today closed unchanged to 13 points lower with sales of 36 contracts.

Sept.

Nov.

bil

Jan

May

July

20 20.10 20000 2010 which would allow producers a 20 per cent increase in nereage allotments with the parity level

1.63-3.04 3.04-05 3,01

2000 18.30

1.75

(A) 12.00

1300 19

May July

Flocirio

Macao E...

29.70 29.90 1000

10.40 10.00

20.00

3.76

Telephon

INDUSTRIALS

October

3,74

Spot-centa per

Cement...

Chiba)

1.80

Hope

Open interest: 5,431 contracts.

Contract No. 6 (domestic)

STORES, ETC.

Dairy

Watson

32 3314 1035 .... 10.00 10.70 12.00 12.70.

4.61

0.58

5.49

4.60

6.05

In the stores section, Dairy September

whic Farm Cainel ten cents, Watsons guined 20 cents on the week closing on a middle quote of $12.60.

Hongkong and Far East In- vesiment were sold at par, yes- terday losing 40 cents ON week

.....

September November March The May

September November

6.05 Spot-(rents per lb, elf NY

ex-duty).

....... $.00 Open Interest: 1,853 conlmets.

-United Press.

a

after they were quoted on the market čx-dividend.

Turnover for the week was $2.85 million, a little over million more than last week's. Tally for the week Wad ten higher, six unchanged and eight lower, compared with the pre- vious week's tolly 0C higher, ten unchanged, and eight lower.

six

Hongkong Engineering and Construellon Company declared an interim dividend of 1cn

NAMESAKES

Answer: Wrongs, 2 Bishop.

3 Medieval, 4 Allegory, 5 Lines, 6 Satire, 7 Poem, 8 Plough, Chaucer, 10 Anger, 11 Religious, 12 Malvern, 13 Attack, 14 Bit- terness, 15 Dream.

William Langland.

MORE AND MORE PEOPLE ARE OPENING BANK DEPOSIT ACCOUNTS

with

LOMBARD BANKING SECURITY: Group Assets Exceed £12,000,000

STABILITY Conslatent Interest STRENGTH Knowledge and Experience SAFETY No Risk of bepreciation SUCCESS Unequstied Sertly STANDARDS The Best in Banking

Bank. Deposits of £100 to £250,000 socrple! Internet paid half-yearly without doduction of United Kingdom Income Tax.

Senet day for your copy of "Bank Deposit Account Booklet No, AD.7% from General Bladagse

LOMBARD BANKING

LIMITED

TANKERS

Head Ofte LOVDARD HOUSE

CURZON STRKET, PARK LANE, LONDON, W1

URO 411 (30 km)

Pranchas sing Agents throughout the World

COTTONS

Fexules

430 43026 Nanyang.. 9.35 INVESTMENTS Allied

1500 12.00 8.10 12.00

Bopt.

102.27

32,20

32.20

32.10

31.03

21.00

31.00 Standard contract closed un- changed to 13 points lower with per no sales reported.

to be lowered to around. 75 per cent. 500 12.0 cen

The loan rate for the 1957 crop

has been at 78 cent of parity.

Crop accounts featured private survey indicating fairly Good progress in Eastern sections during the week. Im proved conditions in the central belt brightened yields prospects for that area. The for WIS reported excellent conditions,

420 430 2000 @ 4.20

WALL STREET SHAKES LONDON MART

London, Aug. 15. Stock markets were

today shaken Street's, further tumble last

a

Seat,

Nuv.

bolt

Jan.

Mar.

May

Juy

Sept.

204.22

12. 20

39.10

31,93

30.00

31,00

GAINS ON WALL STREET

New York, Aug. 15.

The stock market finally achloved a small average gain after several abortive attempts, but the rise was insignificant compared with recent losses.

Bargain hunting lifted some of the leaders a point or so-issues such as Chrysler, Eastman Kodak, Johns-Manville, Gulf Oll, US Steel.

Camp.

For the most part, however, Berling Drug Co. changes

and

Stokely-Vac wero narrow

Brudebaker-Packard Corp. mixed. Of a total 1,189 fasuca wirt & Co. traded, 407 were lower on the Rose Co. .. day 133 setting now lows, while 301 were higher, with five at new tops and 281 unchanged.

Activity still was attributed Union, Pacific Railway chiefly to professionals. In

ย

Tide Water Ames. Ou Time Inc, INKOLASIT twenty Century Fox Film Union Carbide ...................

United Aircraft

United Gas Comp direet reversal of Wednesday a ús. Foll "0" market, which was cilmaxed by

a

UB, Gypsum

S. Line Co. US, Rubber

last minute selling spree, prices were pushed up on a late UR. Beresting rally which lifted volume.

Tarnover exactly matched Water Bros. Wednesday at 2,040,000 shares.

Wide-Moving

U.9, Steel

Westinghouse Electric

Western Union res. Co.

Woot Va. Pulp & Paper Woolworth

ON WALL STREET

New York, Aug. 15. The Fitch Service be- Heven that while long-range considerations are stil on the favourable side, the im mediato business and mar ket pictures appear beset by mild contrasts that could work against a sustained recovery in both sectors.

· Edmund W. Tabell, ullalyst

for Wallson & Co. wys the out- look for individual stocks abou continue to be the main concern

than rather

current markei

as gyrations.

112

23

GE***

2

68

22]

Moody's finds no bull market nor real bear market in sight.

Bhearson, Hamm!|! B Co. feels bargain hunters should logically pay special attention

to such groups

international

I the steela, ofis,

12 electrical equipment producers,

heavy

43.

G7

missile mokers, banks and certain electric utilities.—United Press.

41"

407

New York Foreign

Unlbed Prem

There were some wide-moving specials which reflected indivi- dual corporate news announce→ ments Western

Maryland, up 12 points and Pittston Co., up two, оп favourable earnings statements; International Nickel which contiued to decline in reflection of America's reported decreasing dependence upon nickel production. industrials recovered 1.37 poants Singapore (strasi)

Exchange Rates

Measured by ibe BVETĽNCE,

tu 407.30 while rails gulnod .02 143.20, utiles .10 to 04.30 and the t5-stocks 35 to 188.75.

Leadership was top rate with Bedileher Steel, Chrysler, US Steel and Jersey Standard the most active BCE,

NY Stock Exchange bond volunic was $4,212,000.

American Slock Exchange volume was 630,000 stores.

Closing Prices

Allied Chemicals

Allied Mills.

All ChabTERM

American Airline ....... American Cabla de Radio Corp.

Amperiosa Cyanamide Co. ... Amer. & Forgn. Power Am. Gas de Electric Am. Mach de F'dry American Motal ..........

American Spelting Am, Bugarites...... American Tob.

American Tel. 3 Te

Auconda Copper Armco Steel Armoury!

Atlas Cabs. Minning Baldwin-Lama-Eur.

· Baitimard & Ome

Beneficial Finance

Hebaix Aviation Corp.

Benguet Cons.

Bethlehem Steel Boeing Airplane Campbell

Landau Facile R

Case (J. I.) Co.

Cat. Tractor

Celance Corp.

C. 1. T. Financial Corp.

Chase Marthat, Bark

Chrysler Motors Ciumax Molybdenum Colgate-Palmoliya Co. Columbian Carbon Co. Commercial Credit Commonwealth lee, Consolidated Edison Continealet Olt of Dei,' Crown Zellerbach Cubars Amer, Sugar Diamond Alks

Trading again proved routine affair will dealers on The Commodity Credit Cor- both sides of tha market. poration reported 1957 crop loan Shipment business was reported entries for the week ended Aug. negilgible. Offerluga wero Douglas Aircraft B totalled on 41 bules for a total light and higher prices with

of 103 bales to date. Last year factories and other consumers the same time, entriesį uninterested. Spot No. 1 Rss

bales. was quoted at 32 cents. impoundings

SINGAPORE

wmounted Lo 0,203

Traders expected

to increase as picking and gin-

by Walling operations gather headway. The market opened higher on

night of nearly seven points

to the lowest level seen for

months,

4

Investors backed away

The

recent hurricane Ebertha

Dow Chemicals

Dupont de Nemours

astern Airline Eastman Kodak

Paso National Gas Feaily Finance Corp. Firestone Tyre & Rubber

Ford Motor

General Electric

General Foods

General Motor

Ginity Oil

Glidden Co...

Goodnich (B.F.) C Goodyear Tyre Gulf ou

restricted harvesting operations better overseas advices and over-den. Pub. Uti. and partially

the night acceptances. explained low entries, traders though!-

There was a good enquiry for lower sheets but sellers WOTC reluctant. Also there was fair interest by factories and some small China enquiries.

United Press. Atonth

will! Oct.

the New York decline has ceased; Dec the Dow-Jones average, closing may last night at 494, has already July Lost, since the end of July, 15 of Oct. In 1957 rise..

Today's buying of dollar stocks which lifted the prorpium from

13

per

cent to 15% per cent,

is

Volume Open interest

17,700

0,100 17500

260,000

13,000

151300

0,200

147,900

7,100

101,800

1000

109,800

Dec.

Total

3100 S11000 $1,100 119,000 bales

NEW YORK

30.200

33.90

Future closings were;

No. 1 rubber per lb. Sept. 22%-023,

Oct. 93-94 Nov. gauled No. 2 rubber per b. Sept. 9-1 No, 2 rubber per lb. Sopt, Di1-91a No. 4 rubber per 1. Sept. 2834-0834

Pricee of cotton future closed Spal, rubber unbaled still professional, tidying up today as follows:

Danket grepe No. 1 palo crepe.. the disorder created by the Spot Government in closing down clober last month on the purchase dollar

through stocks Middle East.

WAR LOAN..........

December

of Mar.

July

the May

October December

Chief battle in London today was over the future of War

NEW ORLEANS

33.31

34.04

24.01

32.67-CB

200

LONDON

The rubber

market steady with spot quoted pence per lb. Prices No. 1 s pet

2014-2015 100-102

Hestion Newport Corp. Homeslake Mining Co. ingersoll-Rand

Inom Steel Co. Int'l Business Machines Int Harvester vase

Paper Int! Tal & Tel John-Manville Co

Katuns C. Power & Light Kernecalt Copper Liggett Meyer Tob. Ca. Lockheed Aircraft

Loswa Incorp.

Lone Biar Cement Co. Lowenstein & Bona. MeDonnell ALUTIS

Stock" "Enge)) closed

Michl Iron Cor at 274 Minnesota Mining

Masion Development 3752-2736 | Montgomery Ward

Motorola ng panu ZEL=2714 | National Card Xing.... 211-2734 Nationat Dairy Prod 211-273 | National Lead 2014-079; | National Steel Corp. 2142-273% New York Central General markets, cit basis, ports: Olin Mathieuces

Settlement housg tenn; August

October/December

January/March April/iune

***

53.00

94.01

August

September

October Falsta crepe thin Begit.

thick

Prices of cotton futures closed September Loan, It opened this moming | today as follows: at 280-2-0, unchungod froni pus

October Jast night's elose, but it was so December heavily sold that it fell to 200 March only 3/0 above its all-time May low of £05-7-8 touched on July July

October The government stock- December 16. broker moved into the fight and lifted it back to £66-7-6ˇbut by

LIVKUPOOL - the

had to retreat close bo

Coiton future closingo, somewhat and the famous stock: pence per lb, were as follows: closed at £00-1-3.

Old contract Oct/Nov. Dec/Jan.

May/June July/Aug.

Among industriala the 12- activity was striking] a few changes of six perce, seemed to take care of all demanda

Gold shares enjoyed some more French buying and showed Olla rice of a few shillings, However, were easier with Shell 2/- and Royal Dutch down 4/-

German bonds were vory

jumped £1-10-q and the un- sontèds alm

New contract Oct Nov,

Ded/Jan. Март. May/June

SAO PAULO

in

35.20-10

37.30

1

27-173

Ou Elevator... Owen-Illinoia Glas 2732-2734 | 3acie. Ora ♣ Eleg. ...........

Pan American Airways unquoted Paramount Pictures ---United Press.

Parker Par & Penny J Peon Bell Cp. Fallip Morris Prostar & Gambla cu Pittsburgh Pinto Glass Publicker Industries Pure Oil RILANMAS Radio Corporation | Republic Steel Heynolds Metal Sears, Roebuck & Co. Shell Oul Co... Balay Reg. Paper Esociale Cit

London Foreign

Exchange

London, Aug. 15. Closing rates were: New York

2.701-2,96-8/16 STORİTERL Amsterdam Arumla

In the United States, the over- Copactwem

Milan strong. Young Logo non-arsented age price of one-inch cotton ot

14 designated spot markąta was stockhoun 1-10-4 whße 44.64 cents.

Ferenczo others gained 5/-. were quiet.—United Pre

VIDAR Total malae wpcs 9,091 bales~ | Des United" From.

10.04

s

Socony Mobiloli Solar Aircraft Bouth Puerto Jigs BugaY Southern Co., (The) Southern National Cras

| Beuther Raliway (Coen.)

Bandung

Standard 05 DE NI.

04

Exchange

New York, Aug. 15.

Closing rates were: Cannda

Business was done 311 the local England officlar

market

unofficial

unometal exchango morning at the following roter: | U.S. dollar. (per #3)

Sterling soles (per £1) Australian notes (per 2!)... Indonesian manish (per 100) Siam teal (per 100)

મ

30-day

-

0.0%

20-643

15,00 Ausiratla 13.18 New Zealand 10.00 South Africa 17.30 Others unchanged,

1.00

*

»

»

*

P.OBYE

1.05 23/33 2.7814 2.01-2.00

2.7716 2.76 5/10

1.2 11/13

5.717 6/20

2.70 11/10

-- United Prova,

E.A

COMPANIES

PASSENGER/FREIGHT SERVICE

PENINSULAR & ORIENTAL S.N. CO.

Outwards "CANTON" *COEFT"

"CARTHAGE”

"CHUBAN"

Homewarda

"DANTON"

Leaves London Selled 2/7 But August

10th September

1st October

Une Mongkong zeth AuguNO 22nd September 20th Oujobes 30th October

Vis Southampton, Colombo, Penang 'n Bingapore.

Leaves Hongkong Due Loudon 29th August

26th Bogiembar 20th September 29th October

Nih NoyanITIET 24th October

In November 29th November,

"CONFU" "CARTHAGE"

"CHURAN"

Via Singapore, Penang, Colombo & AGED.

"SOMALI"

FREIGHT SERVICE.

due 20th Aug, , from UM.

“SALSETTE” loads 21st Aug.

salad Aug.

fer London, Hamburg. Rotterdam, Antwerp vi Straits & Aden-

“SINGAPORE”due 23rd Aug, from, UK.

BRITISH INDIA S.N. CO., LTD.

148 – 4 HUNDRED YEARS OF SERVICE — 1856

"ORMARA" In Port

ails 10th Au

"BANTILIA" due 20th Aug.

molta sikt Aug. "SANTHIA” due 9th Sept. salls 10th Sept.

from Japan

for Singapore, Penang, Kangoon. Calcutta Chigong

from Calcutta, Rangoan

< Strate for Japan

from Japan.

Iar Bingapore, Penang, Rangoon à Calcutta

P. & 0./B. I. JOINT SERVICE

"ISMAILA” due 20th Aug. salis 22nd Aug.

"TTOLA"

"ITRIA"

dus zîth Aug. aalis Sist Aug.

que 30th Aug.

sallı Lak Segl.

from Japan

for Singapore, Bombay, Katachi, Ensemb, Khor- ramanabr de Kuwait

from_Jua

For Gingspote. Penang. Bombay, Harmoni, ö

from Kenobi, Bombay & Cochin for Japan

EASTERN & AUSTRALIAN 5,3, CO., LTD.

"ARAFURA” 4»* “EASTERN" de 0/9th Sept,

Bala 10th Sept.

40: Gept.

from Australia

for Labuan, Sandakan, Rabaul, labana; Byd-

MAboume Adelaldu

ALS VERDİK. DAve liberty to call at any perte os of off the rents a the route à sailingy áre mihjeet

to change or amendment with or without notier.

dor fuli parfoniors upply to

MACKINNON. MACKENZIE & CO.

OF HONG KONG LID Telephone Nos: 277214

*

*