1958-01-03 — Page 9

Page

THE CHINA MAIL, FRIDAY, JANUARY 3, 1958.

TRADE and COMMERCE SECTION

MARKET STARTS ON GOOD FOOTING

Majority Of Stocks Have Large Gains

Undertone Steady

By A SPECIAL CORRESPONDENT

UK Bank Lombard Union Wheelock HK Wharf

Up or Down

* The Share Market

At A Glance ★

Nov 26 855

Doo B

Dec 12

845

111b

32b

816

32b

Deo 19

830

Jan 8

850

$240

12%D

7815

77

10

TO

78

0.40

0.00

0.55

a.40

6.00

steady

+31 +190

11

117

110

115b

120

+85

HK Docks

6134

51b

6154

485

Provident

11.00

11.00

11.55m

11.80

11.80m

+300

TTK kotola

14.70

15.10

14.85mm

14.70.

15.10

+490

KK Lands

33.25

J3.25

33

2234

38**

steady

175b

1.35b

1.35

1.323b

1.351

+2140

22.80

22.80

22.60

22.40

23b

+500

127

1250

1250

125a

125

steady

Yaumatic

034

0534

DT

0475

+31

Ch Lights

17.40x4

17.30

17.10

16.00

17.29

+300

Electrics

28.80

27

20.70

26.50

27.39

+800

HK Telephono

25.90

20.00

25.00

25.10

20.60

+$1.40

G.I. Cement

24.40

25b

27,30

26.80

200

-800

Dairy Farm

16.20

10.80

15.30

13.80

16.25m

+450

A.8. Watson

12.200

12b

11.70

11.702

11.706

steady

Wax

Yangtze

5.35

5.35b

5.35

5.33n

5.30

Allied

3,70

3.70n

-3.75n

3.70n

9.70b

K&FE Inv

0.000

$.60b

0.60b

9.70

steady 9.00m +200

Textile Corp

4.00b

4.50

4.55

4.558

4.578 +229

0.30%

8.95b

0.20

8.50bxd

8.30b

THE Hongkong Stock Exchange started the new year on a good footing this week with prices closing higher yesterday than at the end of the

year.

HONGKONG STOCK EXCHANGE

Our Own Correspondent Benings done en Hongkong Stue. fxchange this moen.3g Lo aproximately $115,000. Noon quotations nog e mor. Inge trust actions werk!

Bhares Buyers Seller Sales

IX bak

HANKS

240

INSURANCES

Union ....

Lebard 1234

SHOPPING

Wheelock

DUCKS, ETC.

K. Wharf. 120

تفادة

#11 Hotel 15 13.20

10 DGO

0.45 653

bbk)

12!!

Dock 2012

100

Provident

(0) 11.70 11.09

300

500

$1.80 11.00

LAND, ETC.

HK Lond

3215

21

32!

Jiumphreya

$5.00 15.00

Etats..

KULDER

Amalz.

UTILITIES

23

+

013 07

13 17.20

1600

rako

Youmati

C. Light

(0)

Electric

1.323 1.35 9,0 1.32G

.. 27.107.30

500 it

250

20 23.20

17.10 17.10

120 19 17.10

10. 17.20 [

100 v

17.20

G

17.10

200+

27 30

100 271)

100 J

200

24

1.000 4 18.20

Telephone 24 30 20.34

INDUSTRIALS

LED

STORES, ETC. Day.. 16.10

Waren 11.73 CUFTONS

4.50 4.09

Nang ha.. 8.60 Yangiaze

6.30

6.33

All ... 5.70 H...E.

Invest.. 0.20 10 Guligula

1.40

SINGAPORE

STOCKS

Singapore, Jan. 3. Brokers tullay quoted the following stock prices;

Rubber

Batu Lintang

Ltd. Brita Boraco Petroleum

Syndicate Consolidated Tin Shelters

The majority of stocks tackud

on aina over the holidays nud week's turnover Although the

$1.20 million, the

throughout

wad toly underlane steady.

Compared with prices two weeks ago, of the 24 stocka inted 15 rd gains while six were steady. The other three And losses.

Telephones

The mojuity of alities had Sauze saks over the holidays with Telephones leading with Jump from $25.10 on December 1 to $26.50 yesterday, an

se of $140 in two weeks. ights fac... on 30 cents. while Electrics went up 80 cents. Binks at Umons also Im-

proved will gains of $30 and

$1

respectively. After being

HK Realty

HK Trans

Star Ferry

Nanyang

steady

THE NEW YORK NEW YORK

STOCK MARKET

New York, Jan. 2.

quster in London for some time Stocks sprang up today when the lid of tax logs

£4, Unions have gone up £4-13/10.

Coments after a rapid re- covery last month fell back this week to $25 on a sellers' quote with no buyers. Two weeks ago they were being bought for 220.00

Advances

selling was lifted from the market. Recently depressed groups the rails, steels, motors, metals, chemicals, and road builders up sharply.

Investiment demand was heavy in American

Telephone and speculators favoured Ford tate in the dtv.

Ant:elpotion of building helped the

Railroad thures, equipment

an improved equipments had market on outlook for railroads installing money saving equip ment.

RUBBER MARKET

New York, Jan. 2. Rex rubber futures today closed 28 to 50 points lower with sales of 78

contracts.

INDONESIA

PERMITS

TRADE BY

DUTCH

Djakarta, Jan. 2. Produco of Dutch ostatas placed under Indonesian control may be traded through the Netherlands, at loast, until markats in other countrios are set up. This was embodied in an in- struction to Army territorial Indo- commanders throughout

nesla published here today.

Prime Minister Djuanda Inst month decreed that more than 500 Dutch-owned or partially Dtch-owned ostales were under government authority.

Th martial law action was taken during the course of a reprisal's campaign against Dutch interest; here, touched by the refusal of the U.N. to endorse renewed

negotia- tions on the Du'ch-Indonerlan dieute

New over Western Guinea.

NO PAYMENT

The Instruction bald that no may be em- Dutch exporters ployed to move the produce and that no payment in Dulch currency could be male.

said exporters "must try" not to trade produce "In or through the Intermediary of the Netherlands But for several months this will be impossible

ourselves wout 1

be affected with regard to (several) products."

03

we

FOR SALE

Scotts of Ipswich

QUEENSLAND ENGINEERING BUSINESS profit-making, going concern

• RARE OPPORTUNITY TO ACQUIRE this modern, completely equipped engineering plant situated only twenty-seven miles from the common port of Brisbane, at Ipswich, in the growing, virile State of Queensland, Auriraila. The organisation compriser machine shop ard boller shop together with ferrous and con-ferrous foundries, geared for all engineering work including blacksmithing, iron and brass founding, ballermaking, structural steel welding, jabbing and repetition casting. Manufactures branded pro- duels, including mining machinery, and materials handling equipment.

The buildings are crested on freehold land at Wharf Street, (Iron foundry) machine shop (311 Brisbane Street), and boller shop (956 Brisbane Street), where there are complete transport facilities including a railway siding on the properly, The buildings of the machine shop and boller shop are of modern construction and design served by 10-ton overhead cranes Plant units are of new design und include foundry plant acquired for installation at proposed now foundry at Brisbane Street. Detalled particulars are available to all genuine enquirers who are invited to inspect.

Tenders are invited for the purchase for cash of the entire business as a going concern. Tenderers desiring to submit alternative tenders on any other basis are invited to do so. Tendora close at 9 a.m. on Monday, 20th January, 1988. Tenders should be addrassed to the Chairman of Directors, Queensland Industries Pty. Limited, 75-77 Merivala Streak, Bouth Delabano, Quaaneland, Australia. G.P.O. Box 688K. Telephone 36844.

Cable your enquiries: QUEENINDUSTRIES, BRISBANE.

PO B·I

COMPANIES

PASSENGER/FREIGHT SERVICE

PENINSULAR & ORIENTAL S.N. CO,

- moved

Jan.

28.50

MAT.

29.70

May

16.TO

July

23.70

Sept.

Stock Expe.) Mobi Iron Corp.

231

Nov.

29.02

Minnesota Mining

higher home

buliding National Cash Reg. A

Marion Development Mon-anto Chemical Co. Montgomery Ward Atulcrola Inc.

10

The standard contract closedi

28

41

28 to 60 points lower with sales reported.

no

6311

Nana Dairy Prod. National Lead National Steel Corp.

38

20.50

Jan.

Mat

22.70

The Instruelion listed tobaeto, tea and palm oil ag · export goods to be han lied through "formal channels,"

*

Maz

20.10

New York Central

14

July

20.70

Auctioning

of

#

Outwards "SINGAPORE” "CARTRAGE"

Norfolk Western Ry.

50

2867

Sept.

tobacco must

Olin Mathieson Olt Elevators Owen-Illinois Clas

39

Nov.

28,67

41

28.02

speelfed, although

Hamburg,

23

Bremen, and

"CHUSAN” "CANTON" "SOUDAN"

Lesvos London

Salled 6/12 Selled 11/11 Balod 27/13

To January

Dus Mungkang

2011 January

13th January

18th JanuaEY

8th February

10th JawaKY

2014 February

Antwerp

may

冠?

134%

serve as "plling up" points for

30%

terest,

appar-

the products.

make

Homewards "SUNDA"*

wook

"CARTILAGE"

“CHUSAN”

"CANTON" "CORFU"

Here is an Ice House Street observer's account of the market; Although trading has been on a restricted scale on the Stock Market during the past werk with the turnover only amounting to $1,288,000, this

stuc Win mainly

to the scazonal boildays,

Prices, however, male further advances on a fairly wide front and in most cases session icli sharply from closed at the best levels of 5,000,000-share mark in the the week.

session of 1957.

issues, Electronic

except Zenith, gained. The latter fel: nearly 4 points among the few losers

Laing

for

the

market

Oxford Paper Co.

Paclie Gas & Elec.. Pan Airwatcan Airways Paramount Pictures

Parke Davis Co. Penny J. C. Co. Pean. Ball Co. the Pp Morris lust

Hongkong Banks Improved

605 Of 1,113 lustres vtreded, enquiry. were higher, 171 lower, 137 un- on Home renewed whilst Unions were also bet, changed. fer in sympathy with higher advices from Lundon.

Uies were rmer with Telephones and Electrics theking on useful gains,

In the stores group, Dalry Faring have made covery.

some re

Hotela made kamali galan under fresh support.

Elsewhere there was little change.

Rubbers have been only moderately active with prices virtually unebanged.

The undertone was steady Throughout the week.

Market Diary

Here is market diary of the week:

Co.

Orel. Fraser & Neave Ltd. Ord...

Opening

$1.77%

40/-

20/ed

$4.871

. Fraser & Nov 75%%%% cum.

pref

Gammune (Mainya) Limited $227

Hongkong & Shanghal

I'riday:

Banking Corp.

Hongkong Till Lui.

Kumpan LO.

Monday:

Kuala Lumpur Tin

Lunas Rubber Estates Lidt $1.03

Malayan Brewerien

New Serandah Rubber Co

Tuesday:

Lid.

Petang Tin Lid.

Raffles Hotel

• Singapore Cold Storegu

Straits Trading.

Sicanialup

United Engineers Ord,

Weathe Bros.

exali.

Special.

texdly,China

London Metal

Prices

London, Jan. 2. Prizes of metals closed today in sterling per long ton as fol- lows:

Tin apot

Copper spot

Buyers SeBern

730K 723?¿

3-menth

72014

720

17015

3-month

1001 183

1.

t half Jan.

72. 7214

Apr.

Zlue 1 half Jan.

Apt

014 0134

6134

United Prose.

Agreed Merchant Rates

Thursday:

conditions. Quiel T/O: $215,000,

Ruled sloady. T/O: $122,000.

No material change. T/O: $317,000. Quiet conditions. T/O: $334,000,

LONDON STOCK

MARKET

London, Jan. 2.

The rise of sterling to its best level in over three years just before

the

close of trading snapped the stock market out of

New York Stock Exchange boud volume was $5,070,000,

American Stock Exchange volume was 50,000 shares,

Dow-Jones closing were:

American

Corp.

Procter & Gamble Cn. Pitsburgh Plate Glass Publieker Industries Pure Oll

Radio Corporation Radio Corp, Prof. Republic Steel

Reynolda Melal

Sears, Roebuck & Co. Shell Oil C

Salut Rog. Paper Sinclair Oil Scooty Mobifoll averages Selar Aircraft

South Puerto Rico Sugar Southern Co (The).

Jai.

Prices drifted lower mainly

because of a lack of buyer in Manufacturers

ently did not care to the 50% comihiiments with end so close,

200%

101

offerings Shipment moderate in volume but prices above the market. Spot No. 1 Rss was quoted at 281⁄2 cents.

SINGAPORE

Indonesian

still be held in

Amsterdam the instruction

Indonesian trade oficials are reported seeking to have Ham- barg

replace Amsterdam

the auction centre.

14

were The Instruction and palm oil chan- must move via regular nets because trade in vegetabic olis is regulated internationally. -United Press.

The market ruled extremely quiet with Httle melination to trade.

There

WAS

a small enquiry but lower for remilled grades sheels were largely neglected.

Futures:

No. 1 rubber per lb. Jan: 821- 0214: Fab: 0294-01236; No. 2 rubber Der lb. Jan: 60; No. 3 rubber Der ib, Jas: 7714-7744: No. 4 rubber par ib. Jan: 70; Spot rubber un- baled: 6-2; Blankel eropa: 13-15; No. 1 pale crepe: $554-0139.

LONDON

The rubber murket was du and easier with spot quoted at 24% pence per lb. Prices:

NEW YORK COTTON MARKET

New York, Jan. 2

Cotton futures moved irregu- farly today in moderate trading.

་

*

*

Leave əngkong Nuo London

7th JanuaYY 17th JanumET 30th JustKY 11th FebruREZ 1603 March

J'atti

February

172 February 24-h February 18th March 24th April

Via Singapore, Penang, Colombo, Bombay & Aden.

* "SUNDA“ omitz Colorado & Domkey, calls at PL Sudan, Toddały Kayre & gutabda Mamburg, Bottardun & Antwerp,

E

"OLINDA"

BRITISH INDIA S.N. CO., LTD.

"SANTHIA” due Pth Jan.

sails 19th Jan.

Due 30th Jan

"SANTHIA” dus 30th Jan.

mills dist Jan.

from Calcutta, Rangoon, Penana & Singapore for Japan

from Japan'

fur- Bingapore, Penang. Hangon, Calcutta

Cartingong

from Japan

for Sinapore, Penang, Hangoons Calcutta

P. & O./B. 1. JOINT SERVICE

sth Jan,

due 3th Ja Sally Jack

from JaneES

tor Bingapore, Cochin, Karachi, Kuwait, Bagah & Kiaramabahur

from Japan).

for Singapore, Madame.

Bombay, Colombo Bhavnagar &. Karnoti“

From Karachi, Bombay, Cochin & Stagspere

from Karachil, Bombay,

Singapore for Japan

30 industrinis

15021

Southern National Ce

20 calls.

1920

10 v4 es

Southern Railway (Com.)

20 PI

Standard Brands

65 stocks

147.41

Standard Oil of Cal,

481

40 bands

07,70

Comin. future price index..

167.17 Standard Olof NJ.

Standard Oil of Ind.

407

Closing Prices

Hiere Rock (Toronto Exge.j

85

| Sterling_Drug_Co.

Stokely Van Camp.

Studebaker-Packard Corp.

Alden me. Asy Allied Chemicals Allied Mills ine. Allis Chalmers Am. Brake Shoe American Airline Cable

$ 14

Sunshine Mining

71

Swift & Co.

27

Ters Co.

Textron Inc.

2411

Tins Inc.

& radio

y Fax Film

Union Carbide

24

No. 1 Rest

24-2032

IDU

13

Settlement house term:

points

Feb....

507%

Mar.

2416-247 241-2414

34

दर

30 US. Line Co.

July/Sept.

US. Hubber

Del./Dec.

243-24% 241-23

higher to one point lower. The market opened one to 7 points higher.New Orleans closed 13

points higher,

*

110

771

UB. Stool

U.S. Smelting

General markets, eff

2318-24%

Weelinghou Electric

***

624

Jen.

Feb.

31-26

Gains early in the cession had reached nearly $1 a

"TTRIA"

bala

24-244

443%

Western Union Tel. Co.

1512

Mar

Estate crepe thin Jan.

in Old crop months before the market reacted somewhat hedging and profit-taking.

00

*

"OBRA"

dc.

*

"TFAURA"

day 18th Jack.

antis 17th Jan,

4th Tob..

Kalle 10th Feb.

American

Amer. Forgo. Power Am. Gas & Electric Am. Mach. & Fdry. American Melal American Smelting Am. Sugar Bef American Tel & Tri Tob. ""

American Anaconda Copper Annce Steel AFTAGUF

A Cars, Mining Baldwin-Lita- [fam.

Baltimore & Ohio

Deneßetal Finance Bendix Aviation Corp.

Benguet Con

Bethlehem Steel Boeing Airplane Burden (The) Co. Burroughs Add Machine Campbell Soup Ca.

Canadian Pacilis R

Case 13. 1.) Co.

Cat. Tractor

Catanese Corp.

C. 1. T. Financial Corp.

Clare Manhat, Dank

Chrysler Mclot

Climax Molybdenum Colgate-Palmolive Co. Colombian Carbon Co. Commercial Credit Connanica Catan Edun Continental 0.1 of Del. Crown Zellersbach

an early decline, erasing van Amer. Sugar

mcat losses,

Earlier news

Alkall

Deugins Alecraft

Dimenong Match Co.

that New Zea-Dow Chenverla

2 land is planting to shu restric- Dupont de Nemour lk ปoes

on Imports had touched Eastern Airline Kodak Eastinan off some precautionary profi-FI P50 National Gas taking giving the market Family Panes Corp. mixed appearance.

Firestone Tyre & Rubber Ford Mutor. General Electric General Foods

Gilt-e god securities rebound-

Malayan Dollars; Maximumed at the close wiping out most General intors Selling, 07-10/16: Minimum carly, setbacks,

Canadian & Moximum Selling, 17-1/10 Minimum Buying, 17- 6/10 TAT, 17% O/D.

gaina.

Gen. Pub. UUL Glidden Co.

Duying, 53-7/10 T/T, 53% 0/D,) Among the industrials the Goodrich (BT) Co. 63% 30 days, 54-9/10 60 daya, tobacco gloats were strong with Goodyear Tyre

British-American up a shilling Heydet Newport Cap and Imperial up od. Blue chip Homestake Kining Co. *GUES eked out Iructional Ingersoll-Itand...

Ikerohemical Corp. ... Int'l Businem Machlawa Zmi Ilarverler International Nickel Internistions Paper Coppers drifted lower.

[st? Tel. & Tel Dollar stocks were mostly | John-Manville Co. unchanged and quiet.

Chinese benda tell on profil-ennecol

NAMESAKES

Answere- Comady, 2 Witch, Poetry, Image, 6 Venus, 0 Franclated. Moon, 0 Prisonera; Church, 10 Blaze, 11 Burning, 18 Tabey, 18 Verso, 14 Lady.

Christopher Bry.

Oils clored firm,

Gold shares were easier.

taking

Jogiavose, Hupparian and mibotantial Grek en scored gaina-United Press,

FCMB Copper

& Light

Magolt Meyers Tab, Co. Lockheed Aircraft Loews Incorp Lone Star Cement Co. Lawstein & Sons. McDonnell "Afrorafi

Tide Water A. oil..

14 Twentieth Century

Union Oil of Cal.

Union Pacifle Railway

United Aircraft

3ntied Gaw Corp.

4.S. Poll "B"

17.

D.S. Gypsum

19% West Va. Pulp & Paper

0% Woolwo

1891

28

30

United Press

New York Sugar

Market

New York, Jan. 2.

World No. 4 sugar futures

Apr./June

eff beats, posta:

thick on, unquoted

-United Prem.

New York Foreign

Exchange

The list Anished

Firmness in the nearby

and easiness in the ilveries distant months mainly reflected A replacement of positions. Continued tightness in supplies of desirable cotton from the current crop ulso helped sup- port the old crop months.

Otherwise, the market enter- 1.01 13/3ed the New Year as it ended 22B331

1057 with nothing now in nows to stir trader interest,

U.S. exports for the season

were placed

New York, Jan. 2. Closing rates were: Canes HRAN England offietal

30-days 10-daya

+

Australia

today closed unchanged to New Zealand 3 points higher with South Africs salca of 209 contracts.

There were no sales reported in No. 6 domestic contracts.

Buying in world futures was stimulated by reports of in- creased Cuban rebel activity in Cuban sugar areas. Domestic futures were duil.

Contrast No. 4 (world); Jan; 371: Mart 57: May: 387; July: 3.07: Sept: 337-16: Det: 304; Mar: 357 May: 335 Spot (cents per Ib. 201 Cuba): 355.

Open internat: 434 contracts, Contract No. 4 (domestic): Mer: $.03: May 5.00; July: 6.75 sept: 5.10 Nov: 0.23-United Prem.

New York Metal Futures

the

+

#

2.50%

2.40

2.9354

2,004

to Dec, 27

at

100

2111

2,097,512 in

2.101 433 balos, as against the tome, perlod

.1765

Σ

Volume Open interest

10,000 235,400

14400 345.000

7,100 110.400

Indian Pakistan Hongkong....

Others unchangedUnited Press.

London Foreign Exchange

London, Jan. 2. Closing rates were:

New York Montreal AmsterdamS

Bruksta Copenhagra Frankfuri

281-281-1/18 3.77-3/16-277-3ne

19.2392-1034

1135-114014 1177-117734 1301-14415 Stockholm Vienna

72.774-18 03 Zurich

Qthere unchanged--Jilted 'Pross,

Exchange Rates

lazi season.

Edomth

March

May July

Oct,

Dec.

Mar

MAY

Total

8,100 185,000

3,100 00.000

1,200 30.500

000 21,400

45,000 1,055,000 bales

NEW YORK

Prices of cotton futures closed today as follows:

Spot. 3845; and: Oct. 34.00, 334-35; May, 35.30-30.00 July.

Dec. 343; Mar., MM; May, 34.20.

NEW ORLEANS

Prices of ootton futures closed today as follows:

Sput. 33.10: Mari:10.35; MAY, 35.98; |July, 35.83; Out., 34.56; D., HAN

MRG, SUM, May, 5434,

LIVERPOOL

Colton future closings, 13 this pence per lb. were as follows:

Old contract: Mar/Apr. 2003; 3.45 | BENYzJune, 20.03: July/Aug. 20.43; 1845 DELANGYA 20011 Dec/fast. 15.10.

Businen wes dong' in the ident Now York, Jan. 2.

tipoffelal OKOLATES marke Prices of metal futures closed Morning at the callowing Interim today in cents per 1b, as follows: in notes (per 211****

.8 dollar (per 1) Load: Jan. 10p] Mar, 11.2014.

Australian navys (par. 21).. ziner and bother, BOUL.

Eridonesian stizal (per-300) -.. Copper: Jo. 22.012: Blocs YES. TH-FAR. Viab; Mary boldham teal (per, 100) Unded Prem

Bingapors (strália)

New contract: Mar/Apr. 179: 2014 DEL NOVA 1710) DAFTARE TERRA

“TTOLA"

day di Jan. valla

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

"KASTERN" Ionds 3/4th Jan

“ARAFURA” du® 6th Jan.

19% Latezan, Sandakan, Bakınız, Brisbane, Byd-

Melbourne Adelaide

from Austrasta

All versele bave liberty to call at any ports on

or of the route & the zouto & sullions are subject to change or amendment' with or withouà nelles,

for full particulars apply to:

MACKINNON, MACKENZIE & CO. OF HONG KONG LID. Telephone Nos: 27721-4.

SHIP

BENDLINE