1957-08-23 — Page 9

Page

THE CHINA MAIL, FRIDAY, AUGUST 23, 1957.

TRADE and COMMERCE SECTION

MARKET RECOVERS INTEREST Narrow Price

Pressure On ★ The Share Market At A Glance ★

Trams

And Electrics

SPECIAL CORRESPONDENT By A Interest in

-Stock the Hongkong Exchange suddenly revived yesterday after a very quiet spell of nearly a month when business of over $1 million was recorded at the close of the day.

Although the week's turnover was only up a lakh from last week, the, amount of business done yesterday showed that the market had lifted itself out of its listlessness, for the time being

HONGKONG STOCK EXCHANGE

Our Own Correspondent

Business done on the Hung-

This recovery inty have come sponer in the week but for the depressed marketa both in Lon-, don an New York

the 201 beginning of the week.

In Sympathy

Unions

Hongkong Banks look a drop of $15 on the week closing де SЯ yesterday, while dropped $3 to close at · SD0. Both shares were in sympathy with the London market. It is betioved that nuny of the Banks shares bought local market during the en from London.

גון

the week

kong Stock Exchange this morn- All utilities seemed 10 be ing incunted to approximately holding steady now with frac $102,060. Noon quotations national gamma at the clase yester the morning's Transactions:

Shares

BANKS

Buyer Sellers

IK Bank

INSURANCES

Union

SHIPPING

Waterbat

Wheelock

الانية

Sales

day.

Trams and Electries are both standing up well to the selling A 30 pressure of both stocks which will close their books in # very short time. Many traders, who have speculated in these shates, are now selling out no they 1.90 2000 7.83 don't wish to transfer when the

DOCKS, ETC. K. Whari. 317

Ividetu

10 1

र

(8)

1 19

LAND ETC.

HK Hotel

HK and. Humphrey

Healty

RUBER

Amuli. Trust Tram

Yaumati

49

100 DO

700 20

books close.

Trams closed at $23.80, Ines of 20 cents on the week, while 10 Electries fost 40 cents to lose

$20.50.

Other blue chips to lose were

which lost

40

155% 1500 15.40 30, 201 2005 365 China Lights,

150 10.30 500 18.30 cents, and Telephones which lust

10 cents,

- 16.40

1426 4 Co

1.45 130

1.37

23.00 2300 200 $23.00

105

C. Light (01 189 16.70

[ 12.30 13.00 Fleets ....

T

Telephone 21.20 1

INDUSTRIALS

Cement

Hope

...

STURES, ETC.

Dairy

Waukon

COTTON;

1420

15.70 +$5.00

12.4 12 70

Textiln INVESTMENTS

Yangtze

$.30

Ci, till

BUDG

Both Attracting

Wheelocks and Realties

100 18.00 both attracting buyers as it

100.

HIK Bank Lombard

IIK Hotels

HK Landa

July 25

Aug 1

Aug &

1700xd

1820

1920

Aug 15 D05xall

Aug 22 890

Up or Down

-15

37A

asb

36

3534m

35m

300

Union

D7

16

00

93

90

-$3

Wheelock

7.05

B

7.36

7.80

7.30

HK Wharf

111

112

114

1146

1176

-+-23.

HK Docks

47

4814

4870

456

48yib

4850

Provident

12.30

11.00brx

11,90

11.800

11.80

steady

15.00

18.501

15.500

10.50

15.40

36

3531

20

30%

30

----100 200

1K Really

1.475

1.478b

1.478b

1

1

steady

HK Trama

24.70

24.80

24.20

24

23.80

~~200

Star Ferry

1340

135

1361

185

13fürd

----500

Yaumatis

106

100

100

107

106m

www$1

Ch Lights

18.70

• 18.00

18.70

18.00

18.50

-40C

20.00

30

29.50

29.00

29.60

-----400

HK Telephone

28.30

28.10

28.10

28

27.90

-100

Q.I. Cement

3314

33

38m

3811

2014

-750

Dairy Farm

13.80

15.00m

15.50

15.60

15.70

+100

12.50

12.70

12.40b

12.00m

12.50

-100

6.456

ឆ. ៤៩៨

6

6.10b

6.80%

--+20a

4.30xdm

4.28

4.20

4.20

4.250

+Во

K&FE Inv

11.30m

11

11.20

10xd

100

steady.

Textile Corp

4.325

4.325

4.325

4.30

-2140

0.25b

9.25b

9.35

8.456

+100

Electrica

A.8. Watson Yangiare - Allied

Nanyang

4,35 9,30

VOLUME DWINDLES & PRICES DECLINE ON WALL STREET

By DOROTHEA BROOKS

New York, Aug. 22. Volume dwindled and prices declined in major sections on the stock market today.

The very dullness, however, reflected strength

to the bulls who said this indicated an absence of liquidation at this time.

The decline, they held. reflected a lack of demand more than anything else.

Benguel Cont.

And this Jack of demand; Armour came in the face of several fav Alas Cons Mining

Baldwin-LAITU#-SLAM, ourable market

news items Baltimore de Ohio such as a new seven-week high Beneficial Finance in automobile production, a rise, Bendix Aviation Corp.

week in car loadings, Bethlehem Steel on the only a small July decline in Boeing Airplane

siding and that ascribable to Barden The) Co. the cement strike, and a report that wheeling steel soon expects to operate at capacity.

There were several Individual developments viso Including un Air Force contmet for North American Aviation on a new air-to-surface missile,

mig for Sterling, and two-for- ne

stock split proposal for O. Smith.

are

ISA.

expected that the Anal dividends of both stock will be announced Both stucks have buy day now, unchanged quotes from last week at the close yesterday. Last year, Wheelocks

500 15.70 a dividend of 75 cents, while

Realties declared an interim

New York Sugar Market

New York, Aug. 22. World No. 4 sugar futures closed three points higher to four points lower with sales of 1,381 contracts.

Domestic No. 6 sugar futures closed tinchanged to three points higher with sales of 650 'con- tracts,

m

A

SMALL AMOUNTS

The fusses

The

now

generally were

declare held te mal amounts and the overall loss in the market was Dow Jones indus- |trial average dipped 3.68 points

lo 481.46; rails 0.80 to

140.46 and utilities rose 0,01 to 08.09. The loss per share was much

10 cents and a final of 5 cents.

and

Coments had very little supe

week port during the

einse at smaller than the averages would dropped 75 cents to

share, indicate. It worked out at 33

$32.50. This particular

which a month ago was selling cents in the Standard & Poors for $33.50, is expected to drop 500-stock index. which on Its even lower. Its lowest this closing gure indicated a loss in year was $32.25.

market valuation of $1,500,000,

Wharves continued their fan-|000. tastic rise and were quoted at $117 yesterday with no sellers. sold on A block of 50 were

Provilenia Tuesday for $117. remained steady throughout the week.

$2.07 million

Turnover for the week Wat

·with compared Jast week's turnover of $2.63 toon, while the tally was six higher, four unchanged and 14 lower compared with ten hither, six uncharged and eight lower (the previous week.

Market Diary

This

Sates for the session totalled only 1,500,000 shures, compared with 1,720,000 In the previous session but was only the lowest since last Friday when the total of 1,470,000 slurcs

set a

since new low March 18,

FIVE ACTIVES

Campbell Soup Co. Burroughs Add Machine Canadian Paine R. Cose (J. 1) Co.

Cat. Tractor

Celanese Corp.

C. 1. T. Financial Corp. Chase Manhat. Bank Chrysler Motor Climax Molybdenum Cluct Peabody & Co. Colgate-Palmolive Co. Combretal

Co

Carbo

Commonwealth Elec. Consolidated Edison Continental Of of Del Crown Zellerfacti Cubna Amer. Sugar Diamond Alkali

Diamond Match Co. Douglas Aircraft Dow Chemicals

Dupont de Nemours Enter Airline Eastman Kodak

El Pano

National Gas Family Finance Corp

General Foods'

Gen. Pub, Ball, Getty oil

Glidden Co.

Goodrich B.F) Co. Goodyear Tyro

Cuff.Oll

$ Stocks Active In London

Dollar stocks

WORLD

RUBBER

Changes In

NY Cotton

New York, Aug. 22.

Narrow price changes and a slow trade again

MARKETS characterised dealings in cotton futures today.

New York, Aug. 22, Rex rubber futures today closed six to 30 pointe tower with sale of 124 contracts.

September

November

January

March

May

Ju

september

July

October December,

NEW ORLEANS

Alternate Canalt flurries of May hedge selling and liquidation were absorbed by trade

Inter cats. New market interest con- tinue to be held in aboyance pending crop news and develop- 31ments on farm legislation.

31.70

JL.80

Closing prices ruled off one to $10 three points. The market open- 01.35 ed off two to nine points. Now 31.28

Orleans closed up even points. J1.10

Standard contract closed six to 30 points lower with no sales reported.

September November

January

March

May

July

September

November

33.87

31.30

22.00

Prices of cotton futures closed today as follows:

Spot October December

March

MAY July

33.10

13.00

Crop news WAS mostly favourable, although one private survey said there were excessive rains over most of the Northern portions of the central belt, Favourable weather generally pence per lb, were as follows: prevailed through the rest of the 31.50 belt although warmer tempera-

31.25

tures would be most beneficial.

31.54

31.25 Cotton for the five-week

31.75

Dec/Jan

October

Dapenbar

LIVERPOOL

Cotton future closings," In

Od contract Oct/Nav.

20.10

26.20-23

Mar/Apr.

20.01

May/June

20.04

July/Aug.

20.07

Dec/Jnn.

17.10

July/Aug.

Cotton future

SAO PAULO

kilo per

closings,

E

were

3.3

40.40

period ended Aug. 3 at 645,000 New contract Oct/Nov. bales, the Statistical Bureau The market developed reported. This compared with romewhat steadier tone toward 650.000 bales in the preceding the close covering operations four-week period and $47.000 na to dealer buying balca in July last year. tare of the continued light supply of high priced ship ment offerings,

Daily rato of use placed at cruzeiros 25,800 bales against 32,500 bales follows: In the preceding period and May

40.50

July

In The United States, the

Earlier, scattered selling re-27,400 bales Inst year, flected sterling Uncertainties

NEW YORK and possibles of increased Prices of cotton futures civsed average price of one-inch cotton at 14 designated spot markets selling out of Ceylon effective today as follows: with the lifting of export con-

Was 33.51 ccnty, trols on Aug. 24.

32

London, Aug. 22. Dollar stocks and gilt edged industrials provided

Intradealer switching opera- most of the activity in a tions included exchanges of generally quiet and mixed July, January, Jan.-Sept, July- market today.

Mager and March-Jan. Spot

was quoted at were adjusted No. 1 Re street yesterday. to higher closing levels on Wall cents,

Lending in-

SINGAPORE dustrials scored small advances

The market opened slight- on selective buying

However, Hudsons Bay moved ly. below the previous ahead as potential oil pro- levels

between and fluctuated and 0244 with short covering and state bull fairly evenly buluneed. During and after

ducer,

WEAKENED

British Governments weaken-

91

Spot October

December March

*

*

seiling

*

an an-

by the Ceylon

the ban

*

ed after a strong opening and nouncement closed with losses ronging to Government of irting

Ik 7/8 following an easier trend on sheet exports, Intilated wave

in sterling,

601

one cent below 41 were also either reduced or previous close. 344 wiped out in late trading,

selling and the mucket Earlier gains in the oll issues nearly

closed

the

17

Copper sharry and

**

*

9112-01

*

"CORFU"

"CARTHAGE”

*

*CHUSAN”

Future closings were Profit-taking depreteed South No. 1 rubber per lb. 144 African Gold shareS

metals issues used. United No, a rubber per in. Sept. 90-91) Press

SINGAPORE

STOCKS

September

October

other

November

No. 3 rubber per lb, Sept

No. 4 rubber, per 15. Sept.

Spot rubber' unbaled ...

004-0112

*

101-102

"CANTON"

"OORFU" "CARTHAGE"

"OKURAN*

Blanket Cropо

No. 1 pale crepe

LONDON

The rubber market was cusier

with spot quoted at 20% PENCO

★

per lb. Prices:

No. 1 rs al

2017

Settlement house term:

*

September

"SOMALT"

Осі. Дес

Jan/Mar.

July/Bept.

Singapore, Aug. 23.

Brokers today quoted the following stock priots:

Batu Lintang Rubber Co.

Ltd.

Bacte Petroleum

Opening

32.3219 Apr/June

General markets, cit base, Augus September

35,000 33.00

Total sales at these markets were 14,016 bales.---United Preas.

30th October

$3.3719 $2.57 $1.12 $2.474

1.4736 $3.4716 *exdiv.-China Mall Special,

New York Metal

Futures

New York, Aust. 22.

No. 1 rubber

No. 2 rubber No. 3 rubber

No. 1 crepe

2.62 nom,

2.51 nom. 2,50 Tier13. 2 buyers United Press.

London Foreign Exchange

London, Aug. 22. Closing rates wore:

P.O B⋅IE.A

COMPANIES

PASSENGER/FREIGHT SERVICE

PENINSULAR & ORIENTAL S.N. CO.

Outwards

"CANTON"

Homewards

Leaves London Bua Hongkong

Salted 13/7

Sallod 21/

29th August

22nd September

18th September 20th October

1st October

Via Southampton, Colombo, Penang & Singapore.

Leaves Hongkong Das London 20th August 50th September 20th September 27th October 24th October 24th November 3rd November 30th NoveIADES

Via Singapore, Penang, Colombo & &dem,

FREIGHT SERVICE

in Fort

from U.E

"SINGAPORE"dus 23rd Aug. from UK.

sails 26th Aug. for Japan

loads 3rd Sept. All 4, Sept.

for London, Hamburg. Totterdam, Аденчеств via Stratta di Adest

from UK.

BRITISH INDIA S.N. CO., LTD.

13 — A HUNDRED YEARS OF SERVICE -- 1958

"ITINDA"

Bih Sept. From Japan Balls 7th Sept. ser Bingapore, PROBLE

Hangoon, Calcusto Chittagong

"SANTHIA" due

th Sept. kuiža 1015 Sept.

"BANGOLA" due 24th Sepl. salle 23th Sept.

from Japa

for Bingapore, Panung, Rangoon de Calcutta

from Calcutta, Mangoon d Strata for Japan

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

"ITOLA"

due 20th Aug. * Jl Aug.

due 20th Aug,

Emil 1st Sept.

"KAUNA" due 12th Sent. sails 15th Sept.

from Japan

for Singapore. Forang, Domhay, Karachi, Bhavnagar

from Karachi, Bombay. di Cochin for Japan

from Japan

for Singapore, Bombay, Karachi, Dubál, Basrah, Khorramafale de Kuwait

from Karachi, Coolla är Singapore for Jepar

AMSTERDAM

"HOMALT"

+

"BOUDAN"! due 15th Sept.

Firestone Tyre & Rubber Fan Motor

પં. Syndicate Consolidated

Tin Smelturs

General Electric

Ord,

063

34 3d

unqu

2011-2013

473),

General Motor

3011

Fraser & Neave Lid Ord... Fraser Neave 71909 cuIN. pret ....A Garamond (Malaya) Limited $2,00 Hongkong & Shanghal Bank-

$2.90

October

54

lote erwoo thin Sept Estate crepo thick sept.

Ing Corp.....

$485

07 1304

flongkang Tin Ltd.

In Tibet

Kumpas Ltd.

SZ.JN

14Kunta Kampar Thi

48s 3d

84

Lunas Rubber Estates Lui. #1.10 Malayan Breweries ****** $3.73

The rubber market was qulat today, Priets closed in gulklers | per kilogram, cif Sept. as fol- Lowa:

*

TO

New Baratusah Rubber Co.

40

Lid.

12.83

300

Petaling Tin Ltd.

344

Raffles Hotele

Bingapore Cold Storage

934 Straits Trading

32

Stile Steamship

$10

Untied Engineers Ord.

42

Wearne Bros,

Hayden Newport Corp. Homestake Mining Co. Ingersoll-Rand Inland Steel Co. Interchemical Corp. Int Business Machin inti Harventer ... International Nickel International Paper In

Tel & Tel

Hay Modermott Jura-Marrville Co.

Kandas C. Power & Light Kennecott Copper

Stock

larrit Meyers Tob, Cu. ---Lockheed Aircraft

Loove Incorp. The five actives of the session

Lone Star Cement Co. werd Sears Roebucks, South Lowenstein & Bons, American

Aircraft Gold & Platinum, McDonnel

Exfc.) Sunshine Mining,

Bethlehem Meski Iron Corp. Steel, and Deere & Co., in that Minnesota Mung

Mission Development Monsanto Chemical Co. Montgomery Ward Motorola Inc. National Casts Reg.” “A” National Dairy Prod. National Lead New York Central

World futures started strong on a continuation of covering movement, but selling on

Here is a market disry of the cler. technical reasons and increased hedigo offerings subsequently week: crused' most of the gain,

Friday:

Holland In the raw market Jato Wednesday reportedly bought 4,000 fona or Cubans, The Sudan was the necredited buyer of 13,000 to 15,000

Monday:

tons Tuesday:

of refined, pårt tröm India and part from Italy, Casablanca is expected to be in the market for

Listess trading. T/O: $570,000. Featureless. T/O: $547,000. Price virtually unchanged. T/O: $520,000.

a cargo of mb over the week- Wednesday: Listiese.

end while Iran is expected to

buy 10,000 tons

dealers reported.

relined, of

Contract No. 4 (world)

September

October

January March

July

Beptember

October

4.20

4.10

3.90-37

3.37

3,07

3.99

fob

Cuba)

Spol-foonts por

Open interest: 8,413 contracts,

Contract No.

September

$270,000,

·

Interest Thursday:

(Am.

12

*

Aug.

Prices of metal futures closed today in cents per lb. as follows: Les

13.335

Sept.

13.35b

New York...... Montres!

2.784-2.705/10 5/6717/18-2.62 13/11

"TTELA"

10 Zine

AUR.

$.03b

Bruneia

339.0744-130.12

Bept.

9.637

Frankfurt...

13.07-11.8TEL

Copper Aug

25.450

Milan.....

1737-17274

Sep1.

Dato

10.973-10.973

Tir

30

Aug.

Blockholm

1845-144514

Norfolk & Western Fly

in Mathieson

05

Sept.

03.12

Zurich

12.1571-12.16

United Fres

50

Que levators

Oxford

There WETC 1,116 issues traded, one

less than the previous susion. Of these 604 declined 282 advanced and 250 held unchanged. Four stocks managed to maintain 1937 highs while 67 made new lows.

At the Α

close the industrial Owen illinois Gian

Paper average was only 2 points Pacific Gas & dec under the money low which Fan American Airways

Paramount Pictures TO: many in the Street feel must Parke Davis Co. be given a good test before tho Penny J. Co. market will be in a position Tenn. Ball Co.

revived. T/O: $1,050,000.

London Metal Prices

London, Aug. 22. Prices of fncials closed today

In sterling per long ton as fol-

lown:

Buyer Sellers

Tin

(domestlo)

4.00

3.03. 13.43 321

Spat

Copper

3-month

740

741

3-Thenth

702-

T

2001

2004

2002.

200

Lead 2nd half

Aug. Nov.

Zmio End hair'

GAT contraute

Aug.

be-knited Trees.

November

March

May

Beptember

apot-(canta per 10. eu NY

November

ox-duty)

Open Interest: 1,918

United Pres

Other unchanged-Valted Press.

Exchange Rates New York Foreign

Exchange

"OBRA"

due 16th Sept.

salts 10th Sept.

334

002

Business was done in the local unomcisi експално

*

Phillip Morris

40%

morning at the following rates;

**

Procter & Gamble Co

U.. dollar (per 1)

0,04

T41%

Sterling notes (per £1).

Publicker Focustries Pure Oil

New York, Aug. 22. Closing rates were:

*

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

from Australi "AKAFURA"dut 4th Gept. "EASTERN" loads 50th Sept.

4043

Carinda

1.00 255/30

2.48.2.57

to make a new rally attempt

New York Stock Exchange Fittsburgh Plate Gian

bond volume was $2,780,000.

American Stock Exchange Radio Corporation

| volume was 540,000, shares,

Closing Prices

Allied Chemienia

Radio Corp. Prat. Republie Stoel

Rextron Ind.

Tegnolds Malai

Royal Dutch

11.00

Alden Inc. Acy.

104 Sears, Roebuck & Co.

14

Shell Oil

.

Al Mills Inc.

20

Saint Reg. Payer

Allis Chalmers

Hindale Oil

American Atriina

1714

Gocony. Mobilo

50 Union

5012

Bolar Aircrali

American Cable de Radio Corp), Ameriima Can

Bit

Saul Puerto Rico Bugar

4214

Southern Ca l'ho)

231

narkot this

171 5/10

Chier umehanged

Vaited Pres).

351

01

Ainestona Eyonaisikle Co. Amery & Torgn. Power

Am. Mech. & Pudry ... American Metal Amartown Amelling Am. Bugar þarf, De Anubiles Zal, & Til American Tob. “¤" '... Anaconda Copper

Southern National Gos Southern fullway termi Bother RV. .... Banturd Freda 234' Atandard Oil of Cal. 5111 1andard Oil of NE

op Rock (oronto g Sterling Drug_03. Bickely VanCamp, Badebakar-Packard Corp. zraeliina Maling

Australian notes (per £1) ....... Indonesian rupiah (per 100) Bum tical (per 100)

Singapore (Suamita)

615% Gwilt & Co.

5 Texas Co.

20% Tue. Water Amn, OIL

325 | Twenty Century Fox Film

30 Union Carbis.....

1854 | Union Prelio

22. Unijo nirersh

Balled as Corp.

40 US oil "D"

40

5. B. Eine Co.

UA. Rubbet

Sandlung

Uk Stas....

- PH | VARLE, Bros.

119 | Meringhouse. Zierleis

Ma | Wentures Unders 19). CE.

West Va. Pulp

3% Woolworth

21 England official

T sinofficial

bo-days

sou Australia.

New Zealand Bouth Africa

00% x Pakistan

楽し

-United Freek.

1.223

277 11/22

2006

NAMESAKES

2 En-

Auurwers Migle, chanting, a Charma, 4 Spell, Kloptom, a Haight Arthur

Fik | 8 Mysterious, v 9° Temable, id Wizard, 11 Powers, 12 Services, 13. Ladies, 14 Court, 18 Płota,

Merlin Ambronium.

Balla 10th Sept,"

for Labuan, Bandakan, Itabau, Brisbane, Byd-

Melbourne Adriekia

All vermis kavo liberty to call at any ports où or off the route à the route à milings are subject to change or amendmena with ne wižbeni metice.

For full particulars apply to MACKINNON, MACKENZIE A CO.

OF HONG KONG LID Telephone Nos 97791 1

American Draku Shoo Co...