THE CHINA MAʼL, FRIDAY, SEPTEMBER 6, 1957,
TRADE and
COMMERCE SECTION
HK DOCKS GET
BIG BOOST COTTON FUTURES
Rumours That The Share Market At A Glance ★
Property Sold
In Kowloon
By A SPECIAL CORRESPONDENT
The Hongkong Stock Exchange
yesterday after
HK Bank Lombard Union Wheelock HK Whart HK Docks
Provident
K Hotels
Up or Down
WORLD
RUBBER MARKETS
New York, Sept. 5. Rex rubber futures today closed five to seven points higher with sales of 44 contracts.
HAVE
QUIET SESSION
New York, Sept. 5.
Cotton futures seesawed indecisively today in
another quiet trading session. ·
Limited activities were given over mostly to evening-up for the weekend and the ensuing Government crop report on Monday,
་
· Liguldation qulekened in new[ crop months toward the close sending the
NEW ORLEANS
Prices of cotton futuros clowedł lat down to net today as follows:
53.16
Aug 8 1820
Aug 15
Aug 22. Aug 29
Sept 1
905x1
890
880
870
-$10
35
3534m
350
34%b
3450
+250
91
00
·ach
00121
7.85
7.89
7.80
7,80
7.85m
Bo
114
114b
117b
134m
192b
-$2
48
4834
48b
54
11.20
11.801
11.80
12.20
12.10
100
15.50b
15.80
18.40
15.40
12.40
steady
UK Landa
36
30%
30
36
301/
-250
NIK Really
1.475b
14
134
120
1
steady
UK Trams
24.20
24
23.80
24
23.40xd
steady
Star' Ferry
135n
1360
13łoxd
131
183
++$2
closed
Yaumadis
100
107
100m
105368
ધ
Ch Lights
18.70
18.00
18.50
Electrics
20.50
29.30
20.50
18,20m 29.20xd
100
16.80 20
+500
Sept.
30.42
+10c
Nov,
30.42
20
Jan,
30.40
losses of three to 21 points. The | Spei market opened up one to six points. New Orleans closed one r
Doc
HK Telephone
28.10
28
27.90
27.70
27.80
+100
Mar.
30.40
point higher.
May
May
30.40
G.L Cement
33m
331⁄4
3234
324
32*+
250
Juty
30.40
15.50
15.00
15,70
15.80
16.70
+100
Sent
30.35
12.40b
12.00m
12.50
12.55m
12.60m
+50
640
6.40b
'8.00%
6.550
6.60%
4-50
Standard contrnets closed five
4.20
4.20
4.25%
4.259
4.19
-100
11.20
10xd
10n
10,20%
10.20
steady
to seven points higher with no sales reported.
4.325
4.325s
4.30
4.475
1.525
+50
Bepl
30.42
against months,
of
New Orleans interests were det moderate buyers in the carly De trade, apparently against sales
"LIVERPOOL" in the southern marketa, Local
future closings, In straddlers bought nearbys pence per ib., were as follows:
new crop bia contract Oct/Nov.
July
Cotton
Doc./Juni.
9.256
9.35
9.15b
Mar/Apr.
9.80
9.80m
steady
Nov.
30.42
May/June
Jan,
30.40
July/Aug.
30.40
May
30,40
July
30.40
Sept.
30.AU
a steady wook with
Kowloon Docks the outstanding issue tacking on $5 for the week.
It is rumoured that Docks have sold some property in the Mongkok area for $10 million. This had an immediate effect on this issue sending it up $2 in one day.
If the properly sale is true, then buyers were expecting either a bonus issue or a cash bonus with the result that the stock closed at its highest quole brokers this year--$55--with expecting the share to rise further.
is wholly caused by the London Market, which has been having Its ups and downs for some time now.
No Sales
Wharves, which have heen The Hongkong Government's making very good ground for announcement that it was re- the past month, seem to have serving land in Morrison Hi to stopped thoir climb. Although examine
the
"Tensibility of cellern жете quoting $125, bullding u erms-hörbour bridge buyers were only willing to pay
with Inicing Kowloon
the $122 with the result that there Island yesterday noon had no were no sales this week. immediate effect on Yaumat! shares, which closed the day "with a ̈number of sales at $108:
No Effect
This new move in the bridge acheme also had, no apparent effect on Hongkong Realty and Trust Company, which close at
China Lights, which had loses at the beginning of the week, became
the Armer at close yesterday gaining ten cents with à Kale at $18.00. On the
other hand, Hoogkong Electrics continued to lose ground during the week to close at $20, a drop of 20 cents.
In the stores section. both
Dairy FarTER
A.E. Watson
Yangtze
Allied
HK & FE Inv Textile Corp Nanyang
STOCK MARKET CHICAGO GRAIN
VALUES DROP
AGAIN IN NY
By DOROTHEA BROOKS
New York, Sept. 5.
MARKET
Chicago, Sept. 5. Late selling moved most grain futures lower in slow activity on the Board of Trade today.
Prices were steady at
the
opening, turned Irregular
At
midday and moved downward near the close, Soybeans and
Dealer selling after the London market closed whittled
salen
Crop advices infanwhile con tinued mostly favourabln, ol Now esatract Detox,
in north-western cruzeiros per kilo were as fol-
down carlier gains in the ter pendent on autumn weather, minai market. However, over-particularly all activity was limited, with portions. intra-dealer switching of No. vamber-January contracts a feature.
NEW YORK
though some observers remind-
Exec/Jan.
ed that lateness of the crop in many sections will make the ultimate yield unusually de-
Mar/Apr.
May/June
July/Au
SAO PAULO
Cotton
future closings, in
lows:
31.00
Dec.
Mnr.
quoted inquoled
May
39.20
July
.9.20
35 pân In the United States, the
33.70
33.0%
Laverage price of one-inch cotton
33.00
at 14 designated spot markets
3300
was 33.29 cents.
23.49
11,70
Total sales were 20,104 bales
Prices of cotton futures closed
Dec
Despite large stocks at Sin-today as follow gapore-shipment offerings con- Spot tinued light and priced about t rent over the buyers Ideas here.Mar Factory demand was almost May non-existent. Spot No.
1 Rss Det was quoted at 30 cents.
·SINGAPORE
The rubber market opened
Another billion dollars was pared from stock rye showed losses of more than around the previous levels and
market values in continued dull trading en- livened only by a slight lift near closing.
Dairy Farm and Watsons had For most of the session prices were chipped away while trading barely exceeded the pace that made the Wednesday session the dullest since October 9, last year.
Turnover for the work was
an unchanged quote of $1.00
gains, Dairies ten cents, and the from last week. Mr K. B, All-latter five cents. port, manager of Harrimun Really, sponsors of the bridge scheme, said yesterday that the promotion of the bridge would bo undertaken by # new de- velopment company formed by Hongkong Realty,
$2.18 million, three and a half Inks short of last week's, while the tally was 12 higher, Ave seven lower, unchanged and compared with ter higher, seven unchanged and seven lower Inst
The current Japanese-Chinese į week.
the Colony has cement war bad an adverse effect on the Colony's Green Island Cement declined Company, which hos
Ex- gradually on the Stock change during the past month, dropping another 25 cents this week. Exporis of cement are re-
fallen ported to have
nearly
Market Diary
week:
Monday:
Tuesday:
market.
Firestone Tyre & Rubber General Elestro General Foods General Motors Gon Pub. UU. Glidden Co.
Support appeared late in the day for selected steels, motors Ford Motor and oils and closing generally were above The day's lows although the major groups all were lower on average; in- off 3.09; rails dustrials 470.5),
Goodrich (DF) Co. Goodyear Tyre
Heyden Newport Carp., Homerlake Mining Co. Ingersoll-Hand
inland Steel Co. Interchement Compa Int'i usinoms Machines ini'l Harvester
Here is a market diary of the 134.17, ut 1.16; utilities 07.08, Gulf of
olf 0.00 65 stocks 104.87, of .00.
for Turnover
the scesion totalled 1,420,000 shares com- pored with 1,200,000 Wednesday, with most of the improvement coming on the firming move.
Hardest Hit
Steady T/O: $405,800. Quiet conditions, T/O: $382,000.
T/O:
steady.
$2 million for the Arst six months of this year compared with the corresponding period Wednesday: Held stendy.
last year.
Hongkong Banks lost another $10 on the week ter the second week running. The opinion in Teo House Street is that the full
LONDON CLOSES MIXED
London, Sept. 5.
There was no definite trend
Thursday:
$444,000. Generally T/O: $551,000.
HONGKONG
STOCK EXCHANGE
Our Own Correspondent Business done on the Hong- kong
In stock markets today, morning and markets closed mixed.proximately Gilt-edged securities hardened quotations and the morning's slightly in initial dealings, but transactions;
Buyera ellers closed with Sharon turned dull and
BANKS falls of 2/6.
international Nickel International Paper Inti Tel A Tel. John-Manville Co.
J. Ray Medonnot! Kaiser Industry
Kansas C. Power & Light Kennesoti Copper... Lanett Meyers Tok, Co. Lockheed Airgratt
Chemicals were among the hardest hit. Non-ferrous metals had losses around a point,
Loews Incorp. Phelps Dodge and Alcoo. Steels Lone Stag Cemvat Co. closed fractionally higher for the Lowenstein & Sons.
McDonnell Aircraft most. part. Motors were arm Stock ExgU)
Mesabi Iron Corp. Heils showed losses running Minnesota Mining around a point.
Mision Development Montgomery Ward 1,000 issues Motorola ine. Out of a total traded, 520 were lower, 313 National Cash Teg. higher, 275 unchanged with National Dairy Prod. four at new highs, 08 at new National Lead
Jows,
NY Stock Exchange bund
volume was $4,120,000.
33%
12
towords the close.
Futures:
Tubber re- No. 1 Sept
a cent a bushel during the day. steadied
Small early rallies were ported in some futures bus Oct the advances attracted prot Nov
рог 12.
per Sept early buying in COLTI and No. 4 rubber por lb. Sept
king and hedge selling. Some No. 3 rubber per ib. Sept soybeans was based on reports Spot, rubber, unbaled of cold weather over. the Blanket rrepe
No. 1 pale crepe northern section of the
Zain
LONDON in Wisconsiu producing areas and Michigan.
Little follow-up buying was reported in soybeans after_yes- Local terday's sharp advances. fraders were reported selling the November contract.
Rather featureless trading was reported in wheat.
The rubber market was steady, follows: Prices in pence per lb. closed as
No. 1 Ras spot Settlement house term:
Oct.
2346-251%
Nov.
2594-2636 231-20
Dec.
Oct/Dec.
Janat
Apr/June
July/Sept.
General markets, elt bana, ports:
Bleph
July
Dre
United Press.
PO B⋅I│E&A
COMPANIES.
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N, CO.
Outwards "CORFU"
CARTHAGE" "CHUSAN"
* CANTON"
Leaves London Salled 21/3 18th September
1st October
Bus Blangkong 22nd September
20th October
30th October
19th October
18th Novaber
Via Southampton, Colombo, Penang & Singapore.
Al- slow Export trade though India was scheduled to buy a large quantity of US the wheat after the close of market today.
was
Nov. Estate erepe thin Sept.
251-2011
*
Komawards PGOLFU"
"CARTILAGE"
"CHUSAN"
"CANTON"
Wheat closed off to up
33 cent for new and unchanged for uld. Soybeans closed off 4 to 361% cent.
200
thick Sept. AMSTERDAM
The rubber market was very quiet today. Prices closed In gullders per kilogram, elf Sept)
as follows:
2.48 bom.
New York Sugar Market
*
*
Leavas llongkong 18th September 24th Octobe
Due Londga
27th October
28th Novembet
3rd November
30th November
22nd Novembar
23rd Decembar
Via Singapore, l'ouang, Culembo, Bombay » Aden.
FREIGHT SERVICE
"HINGAPORE” soade Hu, Sept.
sails 150% Begt, for London, Hamburg, Ilulterda
Antwerp. vin Straite, Adio, Port Sudan & Inves
from UK
65
C332
1035
3147 Prices per bushel in cents:
10%
No. 1 rubber
No. 2. rubber
2.47
(Am.
Wheat, old nontract
No. 3 rubber
2.44 *+
284
Sept.
217!
No, crepe
2,70
Doc.
-United Press,
Wheat, new contract
NO
Spot
47
SMIL 2109010 ZPKL)
2180 218
*
2016
Dec.
224-221
Mar
227
92712
11034
New York Central
201
July
Otin Mathieson
Norfolk & Western ly.
01
Corn, No. 2, yellow
"SOUDAN" due 18th Sept.
SUBAT"
CUL 2017 Sept.
from 1.3.
NO
Spot
4334
Depl
*
Dec.
Mar
403
May
July
3 ye
Sept.
13315
New York, Sept. 5. World No. 4 sugar futures closed six to 20 points
»
Dec.
in!. 4
Dair
Sept.
Dec.
Boybeans, No. 2, yellow
Spot
5414
Sept.
001-7 097%
245-240 239-2
higher with sales of 840 contracts.
饰
The domestic No. 6 contruct cinsed one point higher 10
*
"BANGOLA” dus zúli Sept
*
sails 25th Sept.
あまちゃ
Nov.
Јап.
2362-2 24012-11
one point lower with sales of 67 contracts,
"OLINDA"
due 24th Sept. salls 20th Sept
Moc.
Mary
Oli Elevators Owen-Hunola Glass
American Stock Exchange Oxford Paper volume was 530,000 shares.
Stock Exchange
amounted
this ap $501,000. Noon
to
Dow-Jones
were:
20 rulls
15 utilies
1007040 bonus
NK Bank
070
O shares closed very dull with Shell down 6/1
INSURANCES
1/2
to
Union...
SHIPPING Wheelock DOCKS, ETC.
Day
7.75
7.00
30 Industriais
closing.
65 alocks
|Comm. future price lodex
Packie God & Elec.... Pan American AirwaYS Putamount Pictures
averages Parke Davis Co.
Penny J, C. Co.
Penn. Salt Cu
47951 Pulp Morris
134.17
Procter & Gamble Co. 07.06 Pittsburgh Plate Glati
104.67 Pubucker Industries
8432 Pure all
158.13 Radio Corporation
Radio Corp, PL.
Republic Eteel
Reynolds Metal
Sears, Roebuck & Co.
Shell Ou Co.
Sinclair O
B5 Barley
New York flour
Spor
200 10, anck ....
#13.15 United Press.
WINNIPEG
PRICES
2432-7 240
123-1930
Winnipeg, Sept. 5.
Political unrest in Cuba jain-
And
ed with a higher raw stiuution possibilities for á hold- down on Cuban production in 1958 in imparting strength to the said.
Prices of grain futures closed Oct today in cents per bushel as fol-
*
*
“IKAUNA”
futures
market, traders
"ORNA"
Contract No. 4 (world)
*
4.30 *
4.12
"UMARIA"
"ITRIA"
Closing Prices
123
4 841
Saint Keg
Paper
100 355
Allied Mills Inc.
Allis Choliners ...
31%%%
Secony Mobilall
American Airline
17
Solar Aireratt
American Cable & Radio Corp.
American Cyanamide Co. ...
4144
Southern Co. (The)
Bouth Puerto Rico Bugar
Amer. & Forgn. Power
141
Southern National Cins
Am. Brake Shoo...
Am. Go Electric
Standard rando
Am. Moch. dry
2014
Standard Oil of Ind
Standard Oil of Cal.
3014 3:0 1724 xd
Standard Où of NJ.
Sleep Rock (Toronto Exge)
14 lows:
Sterling Drug Co. sa
33 Oate
71
Blakely-Von Camp,
16
531
Studebaker-Packard Corp.
October December
Sunshine Mining
May
13
Swift & Co.
idi | Texna Co.
Ryo
1212 | Textron Inc.
13
October
50
Tide Water Ann. Öll
December
000 # 29
18
Tume Ing.
0034
May
12014
Nov
6.03
Bendix Aviation Corp.
Twenty Century Fox Plim ....
Barley
Mar
Benguet Cons
114 Uniors Carbide
1001
October
May
AT
Bethlehem Steel
45**
Boeing Airplose
Burdet (The) Co.
50%
United Aircraft
30% Union Paco Railway
Union Oil of Cal.
December
Sept
品
May
TH
Nov
645
Spot
(centa, per th. of NY
Burroughs Add Machine
38
Unked Clas· Corp.
Cartmball Boup Co.
551%
27214 201
ex-duly)
3.00
Open
inter
149
contracts
MUA Gypsum
26814-1
United Press,
Case (J.) Co.
17
U.B. Line Co
United Press
Cat. toe
U.B. Rubber
Celano Cors
14
US. Smelting
30.B. Staal
70%
197/3, British Petroleum cased 34% to 95/-.
Among industrials Unlever fell 2/9 to 97/6 and Imperial Chemicals 7% pence power at 41/10 2.
Gold shares were quiet and de- steady, but coppers were pressed by the fresh fail in the metal-United Press.
SINGAPORE
STOCKS
Singapore, Sept. 8.
Brokers today quoted the
following stock prices:
Open
Batu Lintang Rubber Co.
Beti Bortwoo Petrolosin
$2.524
Byndicate
Consolidates!
Stelterm
Had
43000 431 Allied Chemicala
K. Whart.. Dock ......
Pryldent (0) 13 12.20 LAND, ETC. HK Hotel 18.30 10%
301 30 400 @ DA HK and ..
60030
Humphreys 16 18.30 Really .... 1.875 1.50 Huidon Amals..... UTILUITE
Trun
1.50 4.55 35000 @ 155 American Metal
Lizia
Tram XD 23.20 231 2000 239 Yaumati
106 103 Light (0) 10.70 19.80
600 # 13.60 1000 18.70 10000 16.80 300 18,70 352 18.00
(BU) 12.70 13 Electrio....
20.00 20.20 Macho E
10.40 Telophone 27.50 INDUSTRIALS Cement.... 31% hiz Hope....... 14.30 Amay STORES, ETC.
Can. 1 Dairy $5.00 10.30 WALDM COTTONS
Textiles ...
1241⁄2 12.00 1990 ve 1216
4476
40 2000 @ 4.30
Nanyung sa 930 935 1000 10 9.00 MISCELLANEOUS
Enfort, v. 21.00
Vibro
$4,00
Fraser & Heave 14d. Ord. $2.00 Free & Noove Ltd. 71%
cun. pref Cammool (Malaya) Limited $3,00 Hongkong & Grabghat Bank-
...... 35.50 INVESTMENTS
Yangtze s
Allied
$475
Hongkong
Tih Ltd.
Tied
K Kamper Lin
20/04
Lamun Bubber Eatsbon. L.
1.15
Balayan Benwerken
....
How. Burendah Rubber
Bingapore Cold BiogwgO
$3,00
4.13
Exchange
+
Rates
Buinew was done in the local $3.7136 | unmelal exchange markot Chia
morning at the following rate:
dollar (per (k) v. 5.00
2.00
$31.0735 $1.29
$3.493% $17.00
American Simelting
Am. Sugar Ret.
American Tal & Tel
|
American Tob, "D"
Anacobs Copper
Arroco Steel
Armour
Atlas Cona, Mining
Baldwin-kling-ifare,
Baltimore & Ohio
Beneficial Finance
Canadian Paclic 3.
CIT. Financial Corp.
Chaan Manhatha Bank
Chrysar Motors ... Climax Malybdenum Churit Peabody wou Colgate-Palmolive Co.. Colombian Carbon Co. Commercial · Credit Commonwankth Mon, Consoloslen Edmon Continental 012 of Del, Crown Zelioramot Cuban, Amer, Bugar Diamond Alkali Diamond Match
Douglas Alyogati
Dow Chemnione
skrine
...
Sterling notes (por £1) Fran 15,03 Kupont de Warriors Auszahlen notes (per 41)..... 12:37 | Estar $1,4856 | Indonesian rupiah (per 100) ... 11:30 | Žatrist, Kádak
Singapoca (štenika)
1931 | găm dienā (per 100)
1976 Southern Rallway. (Com-)
17
004
U.B. Fall "Bh
Memor Bros,
pe p
Westinghouse Electries
Western Union Tel Co. Wert Va. Pulp & Paper Woolworth
United
NAMESAKES
גו
Answers-1 Ribbon, 2 Iron,
Flagsted
October December May
an
Mar
May
July
Sept
7144
Oci
3.00
ivin
Bpot (cents per lb. fob Cuba) 4.50
Open interest: 2,966 contracta.
London Foreign
Exchange
London, Sept. 3. Closing rates were:
New York
Motion!
Amsterdam
frule ........
3 Statesman, $ Ezmpire, 3 Ger=| Copenhagen, many, 6 Prussia, 7 Changeiles," Attack.
Bienerck.
ملين
Contract No. 6 (domestic)
New York Foreign
Exchange
New York, Sept. 5. Closing rates were:
Brigiend official
2.701-2.78 A/TA 2.049/10-201 11/16 10,00}}-30,001 -
1943-37435
♫
43
nomiotal 3-derm
90-deg
Stockholm
Othen unotanogwd-Uribed Prvas.
The
1.78 11/2 3.00-3.63 1.71 13/3 3,2014
free market rate of the Japanese yen to the U.S. dollar, as quoted by Pleios World Cur- redey Report: 4.18.----United Prom.
*
*
*
BRITISH INDIA S.N. CO., LTD.“.
1950
1168 -- A HUNDRED YEARS OF SERVICE
from Japan "SANTULA" due "th Sept.
salla 1012 Bops. for Bingapore, Padang,
Hangoon, & Calcutta from calutta, Rangoon
de Straitá THE JADRO
from Japan
for Singapore, Pasang, Bangoon de Cafesatta
P.&O./B. 1, JOINT SERVICE
dua 14th Sept. salis 15th Sept.
dus 10th Sept. alls 16th Sept.
que ad Det. saila 4th Oct
due ab Oct. il 10th Oct.
from Japan
for Singapore, Bombay, Karachi, Dubil, BauraA, Khorramakudar de Hawai
from Karachi, Ovolín Singapore for Japan
from Karachd, Coutin Columbo & Strails for Japan
from Japan.
for Singapors, Ponans, Port Bennan
dras & Kakinada,
EASTERN & AUSTRALIAN 5.S. CO., LTD.
"EASTERN” loads Bigth Sept.
xalis 10th Sept,
for Labuani, Beudakan, nami, rimbasa,
ney,
Adelaide
Melbourne
İraca Australia
"NELLORE" due All Ogi.
All vessels have liberty to call at any portą an or off the route & the route & sailingi aşa subjeçi
to change or amendmens with or without notice.
For full partientars apply raz MACKINNON, MACKENZIE & CO. OF HONG KONG LID. Telephone Nos: 27721-4.
No comments yet.
Private notes are available after approval.