1957-12-06 — Page 9

THE CHINA MAIL, FRIDAY, DECEMBER 1957.

TRADE and COMMERCE SECTION

Page

MARKET HAS A STEADY WEEK Controls On Tin

NEW YORK RUBBER

MARKET

New York, Dec. 5. Rex rubbor futures today

closed 10 to 25 points higher with sales of 117 contracts.

Jan, 20,00; Mar, 20.33; May, 20.40; July, 3843: Sept., 2000; Nov. 23.60; Jan, 20.00.

Standard contrael closed 10 to 25 points higher with no sales reported.

Jan. 20.30; Mar, 20.33: May, 21.40; July, 20.45; Sept., 2000; Nov 20.00; Jan., 28.60,

Terminal market Armness re- flected greater seller cautious- news in face of Indonesian poll- ifen) tension, while speculative commission houses and the trade were more interested buy- ers.

Futures traders believed that

the overall quantita- although tive production of rubber in Indonesia may not be affected by the politie 1 romifleations. It "Was theorised quality of one

Outlook For Year's End More Hopeful

By A SPECIAL CORRESPONDENT

Stock The Hongkong

Exchange closed yesterday after a very steady week and botter end of the prospects of a the year looked more hopeful.

HONGKONG

STOCK

EXCHANGE

Our Own Correspondent

Business done on the Hong-

sheets might be affected fecug Stock Exeht nge this Dutch estales are taken over morning amounted 10 ap- and operated with less collefent proximately $141,000. Noon help.

quotations and the morning's transactions were:

Bbarr

However other sources watch- ed cautiously waiting for the picture to untold a le morc on Java and particularly Sumatra.

FOT one thing, the news seemed to stir up ilitle more fac ary interest in the deliveries market here. Spot No. 1 RA was quoted at 25% cents.

SINGAPORE

The market was marked up at the opening on better oversers advices and curing the morning ruled quietly steady with minor guetuallons.

market In the afternoon the cased on rather more reassuring news from Indonesia. There was air interest for lower sheet and remills but factorles

quiet, Futures:

were

No. 1 rubber per Ib. Dec. 70-70%

Jan. 7034-7

No. 2 rubber per lb. Dec. 704-77

**

No. 3

No. 4

Spot rubber unbajed

11

Blanket crepe

No. 1 pale crepe

LONDON

BANKS HX Dank

East Asia.

Buyers Ballers

Bales

845 270

B4

INSURANCES inium ..... Lombard ..

SHIFTING Wheelock.

DOCKS, ETC, K. Whart Dock

Provident

•

The undertone was good with Hotels, Dalry Farins and Cements leading the general rise in the market.

Hotels Toe 40 cents to $18.10 ofter months of inactivity, while Cements tacked on anulher G cents this week to close at $35. buyers with no sellers.

TIK Hank Lombard Union Wheelock

HK Whart

HK Docka

Provident

HK

HK Hotels

Lands HK Realty

Exports Ordered

London, Dec. 5. The International Tin Council has decided to intro- duce controls bii exports of tip from particl- pating producer countries according to communique issued tonight following a two- day meeting here.

The first, control_period, for this purpose will be December | 18, 1937 to March 14, 1988. -

* The Shäre Market At A Glance ★

Up or

Nov 820

Nov 21

Noy 28

Dec

Dowh

12

832146

32

370

855

845

$16

981

$146

Beb

4250

760

10:

7534

73

+$1.50

0.70

0.55

4.85

*.40

+290

1181

119

117

117

117

steady

521⁄4

5123

514b

814

51b..

11.800

11.70%

11.00

11.00

11.60

14.50m

1L10

14.00m

14.29

15.10

500 steady +400

33.25

33.25

35.30

20

33.25

picady

1.3750

1.80b

1.33b

1.35b

1.356

steady

22.70

22.30

22.90

22.89

127

127

1281

1274

1280

22.80 steady

950

-Dis

0314

Ch Lights

18.10

17.90

18.40

17.40xd

17.20

9514 +**

-100

Electrics

20.80

27.30

28.00

27

4200

MK Telephone

25.70

.

25.30

20.30

25.90

G.X. Cement

23.10

22.10

22.80

21.40

$8.90.

25b

steady

allocated

+++600

5,518 tone of the total or

20.43

Dairy Farm

10.10

15.90

16.20

10.20

16.80

A.8. Watson

13.10

121

12.25m

12.20b

12b

+++000 -200

Yangstze

5.80

5.201

5.30

5.35

6,350

Aliled

3.805

3.750

3.80b

3.70.

3.70m

stoady steady

9.901

0.90%

9.50

9.500

9.00b

+10%

4.45

4.306

4.50

4.80%

4.50

-100

9,45m

0.350

0.50%

0.30%

8.05b

-56

HK Trams Star Ferry

Xaumatis

H&FE Inv Textile Corp Nobyang

The total permissible export amount for that period for the participating producing coun- tries has been axed at 27

RESTRICTIONS

ON GOTTON

#

thousand long tons of which GOODS URGED

Malaya has been allocated 10,126 tons or 37.50 per cent.

indonesia has been

Canberra, Dec. b.

Robert Anderson, director of per cent, Thailand 1,085 tona or the Chamber of Manufacturers,

tho today sold

government 735 per cent, Bolivia 6,510 tone or 20.49 per cent, the Belgian should take immediate steps 10 Congo and Ruanda-Urundi 2,418 impose quantitative restrictions and from Japan ions or 8.05 per cent and Nigeria on, imports 1,442 tons or 5.34 per cent, | Great Britain of printed cotton The total of 27,000 long tons plecegoods pending a decision represents a réduction of about from the current tariff board 384 per cent in the rate at inquiry into the in lustry.

Anderson mode, the state:aují which the six producing coun~ telos taken together been a comment on Trade Minister ended September 30, 1937. yesterday that the governmeal

had accepted the recommen la However, the percentage re-tion of advisor M. E. McCarthy ductions

the individual for countries vary.

not to take any pelion. limiting

producing in the twelve months McEwen's announcement

Dairy Farm, with are re IRREGULAR, NARROW NEW YORK hell of her have bem John, Specs and Micla of

re-l

porled to have had improved sales, closed at $10.00 an im-

of 80 cents on the provement

This week.

quote their highest this year.

Utilities

Danks went down again this. week. while Unions made up for some of Just week's los923 by tacking on $1.50.

e

PATTERN IN THE

NY STOCK MARKET

New York, Dec. 5.

COTTON PRICES

New York, Dec. 8. Prices of coltor futures closed today in cents per lb. hs follows:

Enet: uniquoted: Dea: 35.00 Mar 35.92: May: 80.67; July: 54.07: Chet: 54.15

NEW ORLEAŃS

Utilities remated steady pending clarilention from. Lon don on what is going happen to the block of Hongkong Tele- phone shares that the Oriental Telephone Compuny own, When the Anal outcome 19

Among tobaccos Lorillard up Henn. Salt Co. it is expected

15% to $34, Liggett and Myers Phillo Morris GRO known

Procter & Gamble Co. majority of utilities will move 11⁄2 to $87, American Tobacco pivsburgh Plate Glass agalu.

1% to $8%, Consolidated Cigar Publieker Industrie Turnover for the week was Reynolds Tobacco D, 1% and a

2 points to $32, exdividend, Pure O $2.33 million from $2.72 million Just week, while new top at $00.

Douglas xong 198 to 0003 e tally was nine higher, cigal

changed 3:2d seven lower Boeing 1% to $42. compared with four higher, Vought 311⁄2 to $30%, to seven unchanged and 13 lower aircrafts. last week.

Stocks moved in an irregular, generally narrow 8. Dec: 31.00; Mar: 33.50; May:

pattern early today with tobacco shares, selected aircrafts and shipbuilders showing| independent strength.

1.60 4.05 1.350 o

110 119

11.50 11.70

LAND, ETC.

Hotel 16.10 18.30 HK Land | Humphreys

Really RUBBER

33

1.33

331 10,10

Amalg

1.273 1.375 2,000

1.50 1.35

1.30

UTILITIES Tram

22.7 21.00

127

17

Trial

Stor Terry

Yaumau...

C. light

(0) 17.20 1740

Electric .. 20.00 27.ID

25.00

Telephone INDUSTRIALS

Cement... 25.50 72-73 Aus Can.

STORES, ETC. 7824-703% 68-70 8135-433

8888888

6053078

SNISSES

800

25.00

Bown ta

Narrow Limits

Here is an Ice House Street

observer's murket:

account

of

the

Radio Corn. Pret. Radio Corporation

Republic Sleel.. Sears, Roebuck & Co, 305, Shel of bo

mind ist. Paper Chance Sinclair O feature soler Aircraft

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

Spot: 35.25; Dee: 39.00; Mar: 35,00:

23.20: July: unquoted: Cots unquoted: Dec: 34 03; Mar: 33.03 May: 53,39,

A

May

Bi

Ba

LIVERPOOL

The governments of the part-Imports-United Press. cipating producing countries have also agreed to pay a total

2

NAMESAKES of 3,650 thousand Sterling to Answers Christlali, the buffer stock by December 8, Fairy, 3 Queen, 4. Odense, This represents the equivalent of Tales, 6 Thumbolina, 7. Duck - their second contribution of ling, 8 Emperor, 9 Children, 19

អ 5,000 long tons at the current Clothes,

Shoemaker. 12 floor price of £730 per ton. Denmark, Reuter.

Hans AnderIOD.

*

Prices of collon futures closed today in pence per ib. as fol- 2511 lows:

*

484%

South Puerto Ilica Bugar Southern Co. (Tue) ........

Qu

Leading steels, motors alle Southern National

Standard Brands

Standard Of of Cal.

with Steep Rock (Torento Exge.)

total-Sterling Drug Co.

were very narrow,

Turnover, was light, volume for the first hour Ling 970,000 cbares.

The market closed later today

a total of 1,170 with

issues Although the andertone ap- traded, out of which 470 were peared to be a shade steadler higher, 461 lower, and 245 un- this week, business was on a changed. reduced scale with the overali

Stokely-Cen Camp. Bunshine Mining Rextron Inc.

20.25: Did contract: Dec/Jant atar/Apr: 28.84; May/June: 26.00; July/Aug: 20.89: Oct/Nov 20.73.

Now, contract: Dec/Jan: 27,25; Mar/Apr: 27,78 May/June: 27.78: July/Aug: 27.73; Oct/Nov: 27.00.

SAO PAULO

*

P.OBI EA

COMPANIES

PASSENGER/FREIGHT SERVICÍ

PENINSULAR & ORIENTAL &N. CO.

"SUNDA" "CORVU" "BALMARA* “SINGAPORE" "CARTHAGE" "CHUSAN"

*

Gutwari

127%

United Gas Corp.

Water Asm. Twentieth Century Fax. Unlon Oil of sal

Fum 2x

28

All prices unquoled today. In the United States, the ton at 14 designated spot mar- Average price of one-inch cut- kets was. 34.79 cents.

*

*

И.В. Сурит

US. Line Co.

New York Stock Exchange

Western Union Tel. Co..... West Va. Pulp & Paper

Press, -United Prom

18

bond

turnover amounting to ap-volume was 2,020,000 shares., 400 10.80

$2,334,000 1,000 12.10

proximately

Dairy

Watson Lane, C. 13.71 Sinceres

1670 15.30

14

COTTONS

Textiles

2.70

4.50

123 40 2,70

4.00 3,000 4

Nanyang

000 $1 0.10

#10

The rubber market was quietly INVESTMENTS steady with spot quoted at 23 Yantsze

LONDON STOCK

pence per 1b. Prices

H.K. & H.

Invest.

++

6.30

0.00

No. 1 as not

2314-2374

Bettlement House term:

Jan.

2376-2374

Feb

231-21

Mar. ******

23-2431

April/June

2371-24

July/Sept

21-241

Get./Dec.....

2415-244

General marketa, eli basin, porta

Dee.

Jan, Feb.

Erate erepe thith Jnt.

AMSTERDAM

233-23 231-2331

The rubber market was duil. Prices closed today in guilders per kilogram, clt Dec. as fal- Inwa:

No. 1 rubber

No. 1 rubber

No. 3 rubber.

No.

Crepe

2.27 nom. 2.25 nom.

2.18 nam. 2.45 somt. Vuited Press.

New York Foreign Exchange

New York, Dec. 5. Closing rates were:

Canada England omelat

Auriralla

30-days

90-day's

MARKET

London, Dec. 5.

Stock market's lethargy in- created today. Business fell to a turnover of only 5,385 bargains, another record low for a number

of years. Sterling, looking rigid rather seemed to en- than strong, courage a Iltüle buying of British Government stacks with Old Consula up and War Loan up 1/10.

Among Industrials there was some activity in those lesser- Junown Issues which contrived to figure in the news with merger talk or even higher cornings. In general the better-knowns were down a few penco with Rolls- Royce down 2/-.

ACTIVE

$11

compared with $2,720,000 the volume was $0,640,000. previous week,

moved

Prices generally within narrow Umite and al close the list showed a the Bight majority of kains over Losses

Dairy Farms have been ona apota finishing firm of the with an overall

cents.

New York Exchange

American Stock Exchange volume was 580,000 shares.

Closing Prices

Alden inc. AFT, Allied Chemicals Allied Matte Inc.

All Chalinera ... Am. Brake Shoe

Cements also showed good | Am. Gas Electric improvement with the price A. Nach Fdry.

up

$25

New York Sugar

Market

Total sales at these markets wete

bales, 70.180

United

New York Cotton

Volume

New York, Dec. 5. Volume and open interest to- day on the New York Colton Exchange were as follows:

Volume Open interesi

5A00 40.000

€3,100

gain of 50

American Airline...

American Cable & Radio Corp.

American Cyanamid Co. ... Amer. Foren. Power

12

3a

New York, Dec. 6. World No. 4 sugar futures to day closed unchanged to points lower with sales of 317 contracts.

2

Moath

Dec.

Mar.

249,500

501/

Domestle No, 6 sugar futures May closed 1 point higher to 4 painte lower with sales of 83 contracts.

Contract No. 4 (world); Jan: 4.08: Mar. Bar: 3.96: May: 298:July: 3.90; Sept: 368 Spot (cents per ib. fob Totsi Cuba) 4.03,

42,000 724600

E

July

31.100 13,500 134,600

175,400

Dec.

4,000

50.400 1,200 10,700

May

18

1

3076

ta being marked

the buyers, on

closing day without, however, atracting any sellers, at this rate.

Utilities were mostly un « changed except for Yaumu Ferries which were up by $8.

Whice locks

recovered cente

.the Week Textiles lost some ground.

Holels were firmer, closing with buyers at $15.

110

American Metal Am. Sugar Bef American Tob. "B" Artco Stool Atlas Cons, Mining Baldwin-Lima-23am, Baltimore & Oblo Beneficial Finance Bendix Aviation Corp. Benguet Cons. Bethlehem Steal Boeing Altplana

20 Borden (Tha) Ch.

Burrought Add Machino but Campbell Boup Co. Canadian Pacific" R. Cal Tractor ... Celance Corp.

There was a little more ac- tivity in the rubber section this week with Amalgamated and Ayer Tawah attracitus most attention.

Market Diary

r

C. I. T. Financial Corp, Chrysler Motors Climax Molybdenum Cluett Peabody..... Colombian Carbon Co. Commeretal Credi Commonwealth Elec. Carzalitated Edison Continental Ol of Del. Crown Zellerbach Cuban Amer, Sugar Diamond Alkali Diamond Match Co. Douglas Aircrafi Dow Chemlents

Fastman Kodak

Here is a market diary of the antem Airline weck:

Friday:

1.03-3/30 23046 2.20

2.103

124

A.TO

Munday:

Others unchanged Unlied Presa.

was belive but managed a risc

only 8 pence.

Tuesday:

New Zealand

Soufli: Africa

Brliish Petroleum gulped 2/- and Royal Dutch fell 2/6. Shell 7.8$

London Foreign Exchange

London, Dec. 8.

Closing rates were:

New York Montreal Amsterdam Brumele Copenhagen

rankfurt

MJA

Stockholm

1.7213-272-3/13 10.916-19.014 269,70-199.00 19 2319-29.3. 11.733-132764 17800-2750

Germans came into the news

T/O:

Prices generally maintained. $213,000,

El Paso National Clas

isestone Tyre & Hubber Ford Motor

General Electric General Foods Gen. Pub. VI. Getty Ol.... Ruled steady. T/O: Goodrich (D. F.) Co. $402,000.

Goodyear Tyre Gulf Oil Harden fractionat-eydeh Newport Corp. Homestake Mining Co. 1y. T/O: $824,000. Inland Steel Co... Interchemical, Carp, Int Harvester

today on a scale not seen for a Wednesday: Undertone steady. long time. Demand for 64 per cent Potash lifted Both the

T/O: $530,000,

fractional. T/O: $650,000,

assented, and non-stented £2 Thursday: Reles movements while the 7 per cent, both types, gined £1. Young Loan non- nisented rose and tho

£1. Asented

Dawes Leat Fulded £1.

Japanese were quiet but the 1899s gained 21

bid shares joyed : korek relective buying from the cape and Hos were fruk

Premium för migűvé. Moller Laser en klocks was unchanged at

· cont---United Press.

International Nickel International Paper

John-Manville Co.

Hennecott Cooper. EITH Meyer Tyb. Ca. Zbaldheid Aircraf

Loews_Ins050..... Lone Star Cement Co. Luwenateks 2, 500%, bg McDonnell. Advertis" (Am.

Stock IgE)

Exchange Rates Marron Cop

Minnesota. Musing Momola Chamion) Co. Montgomery Ward Alotorola Ingraha NE Btoel Cord,"

WEYECEK BOCHARGED BY, Datur Mataleso ----- Duren-Illinois Cinta a tholors Paper. Co. 18ì|Peony J.C,

JI

¿Bukinem was dotie inì thế look smofficia KRCHANTE, KOTIRrks; : this morning at the following rain?”, U.B. dollar (por. 31). SteTM notellider-21) Aufárikan Hotel (par dijua per lam. So (par 1991 ***

Indonesian rupiah@par 109) 5. Singapore (RTLES) ****

Open Interest: 6.311 contracia... Contract No. 1 (domestic): Mar: 0.0; May: unquoted; July: un quoted; Sept: 583; Novs unquoted;

414 Spot: (cents per lb. cit Ny ex

duty): 8.78.

co

31

Open interval: United PrUES, «

942

contracta

New York Metal Futures

New York, Dec. &. Prices of metal futures closed today in cents per 1b. as follows:

Lead: Dec 13,500; Janes 11835, Zine: Dec, 8.00h; Jan: 900b, Copper: Dee: 24.30b; Jan; 34.330. Tin: Dee: 01.000 (Siraits); Jan: 90 201 ---- United Press.

London Metal Prices

*

Homewards “COEFU” "SUNDA" "CARTHAGI"

"CHUBAN" "CANTON"

LASTER Tandas Balled 3/31 Halled 15/11

Bailed 10/21

6th December aith bencaber 17th December

Dua Hongkong

18th December

18th December

17th Decembe 163 Votary 18th January

18th Nectary

Leaves Hongkong Due Londen

18th December

7th Jannikey 17th January 30th: Juota

11th FebrunCY

CHORED MAT

12th Febrity.

19th February

27th FebrunCY

142 32rch

Via Bingapore, Penang, Calocale, Boishay ↳ Alles.

“BUNDA" omits Columibó a Bombay,

calis ab Elayre & extende Kambary, Kotisïésın & Antwich,

2,100 0,700 107.300 1,010,000 hates

-United Press.

BRITISH INDIA S.N, CO., LTD. "BANGOLAID FOR

"OKHLA"

salls th Dec.

dan 14ths Dec. Balls 18th Dec.

"BANGOLA”dut zith Dec.

salia 28tta DG.

from Calcutta, Baton & Biralls

for Jacen

from Javan

for Bingoors, Pinang. Rangoon à Calcutta

from Japan

tos Singapore, Pecing. Stangoon de Caloutta

P. & O./B. I. JOINT SÉRVÍCE

"KKAUNA” dae 18th Dec.

aiti 17th Deo.

"URLANA” – due 18th De

"TTOLA". due 6th Jan,

free Singapons, Coatstoj Bombay " Karachi IDI JAD

tropa Jupaka for Singapore, Bombay, Kabilia & Karachi

früps Japan

for Bingapore, Cuchli, Karachi, Emerals, Xhors ramshalir de Kuvads

from awchl, Bombay, Cochin à skógapore Lue Japan

SINGAPORE STOCKS

8.

Singapore, Dec. Brokers today quoted the fol- lowing stock pilers:

Batu Lintang Rubber Co.

LIA.

British Borneo Petroleum

Byndicate

Comidated Tin

Gammons (Malaya) Limited 13:34

*

*

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

"GASTERN" loads 3/4th Jan, 6th Jan.

Sneltors

į. Ord.

Opening

$1.78

400

203 6d

"OBRA"

+

duo 10th Ja

salis 17th Jan,

Taser & Neave Lid Ord. Froner Nervo 15% cum.

$3.0016

pret

14.06.

Kongkong

Shanghai

Banking Corp. ...

$400

Hesakong Tin Ltd.

To ki

Kundas Lid.

$1,0236

Kurla Körtyper Tin

34 d

LUDES Bubber Estates L.

81.06

Crista Breweries

Now: Berandah, Hubber

Petaling Tin Lid

JEDNAKOGU.

22.0751

100

Singapore Cold, Borage

30.04

Stračts Bischablo

Chida Mall Speedia,

...London, Dec. 5.

Prices of metals, closed today

i sterling per long ton as follows:

Copper spot

¡Lld.

SHIP

BENDLINE

ملاهيم

for Labuan, Hand

"ARAFURA” duo

6th Jan

Rabaul Brisbane,

Adelaide

from Austraila)

All veusela bave Uberty to mali xi, bi), Parth (ad or off, the roste an, this route à satikti žÌN SAKSIJA té changé er násadamant with dy shkE MORE.

For full particular, apply to MACKINNON. MACKENZIE & CO OE HONG FONG TIA Telephone Hos