THE CHINA MAIL, FRIDAY, JANUARY 10, 1958.
TRADE and COMMERCE SECTION
NO FOLLOW THROUGH ON MARKET British Car LONDON STOCK
NEW YORK
-RUBBER
MARKET
New York, Jan. 9. Rex rubber futures closed today 15 to 25 points
lower with males of 55 contracta,
Jan., 21.35; Mar. 21.45; May. 21.60;
Dull Week
IIK Bank Lothbard Union Wheelock HK Whart UK Docks Provident UK Hotel IK Lands
Stocks Drift Lower In
* The Share
Market At A Glance ★
Deo &
Dea 12
645
815
Dec 10 830
Szb
32b
72
70
121⁄4n 75
Jan 2 860
323;b 70
Jan 9 850
Up or Down
$10
3231b
steady
70s
stear
28.00
4.53
0.40
6.50
8.45
пателя
117
110
$156
120
120
steady
61b
81%
51140
11.00
11.55m
11,50
4854b 1180m
+31
11.65m
-150
15.10
14.85km
14.70
15,10
14.90
--200
33.25
38
3236
3244
32%
steady
HK Realty
1.356
1,35
1.3250
1.35b
1.351
steady
JIK Trams
22.80
22.00
22.40
238
23
+306
Star Ferry
32511
125n
12511
1250
125
steady.
Yaumatis
95%
07
044
8534
93
steady
17.30
17.10
10.00
17.20
10.90
-200
**
20.70 i
20.60
27.20
26.70
-600
25.00
25.00
25.30
26.50
25.70
-800
23b
27.30%
20.80
265
20ந
steady
Dairy Farm
16.80
16.30
15.80
10.25m
10.60
+350
A.B. Watson Yangstze
12b
11.70
11.700
11.706
11.706
steady
5.35b
6.35
3.35m
5.30
5.300
steady
Allied
3.70n
3.750
3.70n
3.70b
3.676%
-24
9,00b
9.60h
0,70
9.00m
8.99x
steady
4.50
4.85
4.55%
4.575
4.55
--340
8.03b
9.20
8.50bxd
8.30b
A.50
steady
By A SPECIAL CORRESPONDENT
July, 2183 Sept. 2760: Nov, 21.00 The Hongkong Stock Exchange failed to
Jun., 27.60.
Standard contract closed 15 tu
25 points lower with no rules
reported.
Jan. 27.33, Mar. 27.40; May. 27.60: July, 2763; Sept, 27.60; Nov 21.00: Jan.. 27 50.
Dallas reflected the
أبي
almost
Jack complete
consumer imese.1
the continuing and effect of labour lay-offs in the Ford, Chryster and General Motors plants as well on rubber manufacturing plants.
Shipment offerings were moderate but 190 high level to Attract local buyer interest, Brokers reported ar: "absolutely
at buyer Interest.
Offerings
of one sheets Jan. Feb and Match arrival, all went at 27 cenite a pound, without buyer notice. Spot No 1 Has was quoted ní 27% couts, nomluat.
SINGAPORE
for
The market opened lower un easter overseas markets but steaded on short covering and good lower sheet buying.
follow through last week's good start for the year when lack of incentive sent
a number of stocks down this week.
HONGKONG
STOCK EXCHANGE
Our Own Correspondent
Business
done on the long- kong Stock Excluange this morn- ing amounted to approximately $108,000. Noon quotations and the morning's transactions were:
Kharry Buyer Hellers
11 steadied further during BANKS Uie afternoon 011. renewed
China enquiries. Futures:
21 Dunk
INSURANCES
H40
וי
No. 1 rullive per B. Jan 19-30: Feb: 701-792; No. 2 rbber per Bi. Jan: 701-77: No. 2 rubber per Jh. SHIPPING Wheelocki Jah: 31-1998 No. 4 rubber per lb. Jun: 719-721%; Spot rubber unbuke:1: 26+799. Ojasket crepe, 1971: DOCKS. ETC.
No. 1 pale crepe: 13-83:
LONDON
The rubber market was easier after steady with spot at 23-5/10 pence per Ib. Prices:
No. 1 les spot: 231-23%. Bettlement 1:00p
Feb: tesin 20%-25% Mar; 23y+20%! Aurf-hme 237-24. July/sept: 291-24; Del/- Dec; 244-24
General markets, elf losis, porte: Jan: 23-23 Feb: 23-237 Mac: 2014-2016 Blets evepe thin Feb: patal thick Feb: 25%.
AMSTERDAM
The rubber market war
Prices closed day in PAI. Builders per kilogram, vif Jan. 35 Iollows;
No. 1 rubber
2.30 nom
Re
2:50 Born
-United Prolak,
New York Metal Futures
New York, Jan. V. Prices of metal futures closed today in cents per lb. as follows: Lead Jan: 11.10; Fets; unquuted. Zine Jan: *.556: Feb: unqunted. unquoted
Capper Jan: 21.336 Feb; unquoted.
Tin Jan: 93,12b: United Press.
Agreed Merchant Rates
Canadian $: Maximum Selling, 17-1/10; Minimum 17-5/10 T/T, 17% O/D.
Buying:
Kaira
73
if Ah
650 1,000 20 145.
Thuck....
0
jr vident (0)
1 11.80
LAND, ETC.
THE Tou) 2 14.90 15.00 1,000
15
30)
15
500
15
On the whole, the market turned dull and stocks drifted fractionally either way in Hght- senle trading.
In the utility section, Electrics und Phones had large losses on the strength of various rumours going around Ice House Street. Electrles lost G0 cents to close The news yesterday at $20.70. that sent Electrics up to $27.30 last week was the report of a land-xiv. This week, how. ever, it was rumoured that the land-sale had not been com- Ilted noci thus the share dropped.
Good Demand
On the other hand, Phones went down 80 cent to $25.70 When talk: went round the Stock Excfiatge that Oriental Telephone's holdings of long- konn Telephones Shunus Ind come from London and were on the market.
Trats were in fairly good de- and this week on news of im- proved business. This brought the stock up to their highest quote for a long time, $23.30 again of 50 cents on the week. Dairy Farms recovered from the tiverse effect of the news | that some of their cattle were
Ch Lights
Electrics
BK Telephone G.1. Cement
HK & FE Inv Texille Corp Nanyang
THE NEW YORK
STOCK MARKET
New York, Jan, 9,
Stocks idled in a narrow, irregular range early today as traders generally held to the side- lines until release of President Eisenhower's State of the Union message at mid-day.
There were few changes of as much as a point elther way. Steels end aircrafts stood out. U. S. Steel lost 6 point while Sheel and Tube Youngstown
nearly dropped
that much. Birrafis among the
Dougies tosi around 3 but United Air- craft climbed #
point, Universal Picture, Simonds Saw. American Agricultural Chemical,
Stores,
American
300 15.30 suffering from mouth and foz! | Arnold Constable rose around a
TIK Land Humby's Ready
NUMER Amnik.
155
1.30 1.325 5,000 @ 1.30 5.2008 1.30 3.100 120 1,000 3.32A
disense. cents $16,00
Trust
UTILITIES Tran
120 1270
Yo!
37 238
!!
400
2315
100 941*
$9.95
E. Light (0) 1080 10.KI Blectric
24% 10.80 Men
10 60 Telephone
INDUSTRIALS
Cement
239 2610
25.00
STONES, ETC. Dary 10.30 18.30
Wat-o
PUTTONS Texilio Sunga la
11.70 100
4.50
1.40
ол 35 point each. tacked They
close ol this week to
Docks closed with unsatisded Euyers yesterday at $30.50, which was an increase of Si
Trane Co. nnxi Warner Lambei each lost around one and Mer- genthaler Linotype fell
12 points.
Molors shares were fraction-
over last week's buyer's quote. ally lower. Chemicals also lost
Cements seemed to
have fractions
for the most part. reached the end of their upward Ous were narrowly mixed climb for the time being with Ralls were little changed,
Seaboard Oll ran up over. the stock still being quoted at
There has point on exceptionally $20 with no buyers.
heavy not been one single transaction turnover. of this share since the beginning of the year,
Turnover for the week was 700 18.00 $2.00 million compared with turnover of $1.20 300 1850 last week's
Tally for the week million. 50 18.10 was three higher, 12 unchanged and nine lower compared will 15 higher, six unchanged and three lower..
1,000 p♪ 18.00
500 16.50
4.33 1.000 4.33
Exchange Rates
Lose Ground
Later today it was reported that prices generally slipped lower with only a few bright spols Tobaccos ruled strong but dipped from their highs.
Special issues ranged from gains of a points to losses of more than 3 points. Trading for the market as a whole dipped from a higher level after hold- ing up to the fourth hour.
Here Is an lee House Street [changed. observer's account of the
follow
Business was done in the local market: unofficial
market morning ut the following rates:-
exchange
Sterling nolen (par £1) Australian notes (per
dollar (per 111
1)
6.87 15.48 12.00
Indonesian rupinių šper 300) ..
13,35
Slam teal (per 100
20.45
Singapore (Straila)
181
MORE AND MORE PEOPLE ARE OPENING BANK DEPOSIT ACCOUNTS with
LOMBARD BANKING
SECURITY: Group Assets Exceed £15,000,000
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STABILITY STRENGTH
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Bank Deposits of £100 to £250,000 accepted
85% Interest without decretion of United Kingdom încete tan Send today for your copy of "Bank Deposit Account" Booklet No. AD.14 from Geniemi, Maruder
LOMBARD BANKING
LIMITED
BANKERS
Hral Offer 2,
LOMBARD HOUAR
CURZON STREET, PARK LANE, LONDON, WA
GRO 411 130 lines)
*སཾ
Branches and Agents throughout the World-
WAP
There
1stle. through this week to the slight Improvement shown in the cloning weeks of 1957,
Prices were quite steady on the opening day's trading in the New Year but lack of any mosi real incentive caused shares to lose some of the ground recently gained before the close.
Although he resignation of the Chancellor of the Ex- chequer had Uitle effect on the market, it certainly did nothing to encourage senti- ment.
The market was consequent- ly left in a rather indretsive maod with prices generally fluctuating within BAITOW limits and with business on a restricted scale to total value
of approximately $2,059,000,
In the uitlty section Elec- trics and Telephones both lost some of their recent gains hut #teadied twarde the close. BEMI Trams found support
Porta headway with prade
at shares changing hands $23.50.
In the stores group, Dairy Farms made a useful recovery after pir recent decline on account of the foot and mouth discaso found in some of their catile.
Rubbers were a shade easier in moderate dealings,
Of 1,131 stues trudil, 608 were lower, 373 higher, 250 un-
Stock Exchange New York bond volume was $5,220,000.
Now, York
Stock Exchange volume was 2,180,000 shares.
American Stock Exchange volume was 530,000 shares,
Dow-Jones closing
were;
20 Industrials
20 ralls 15 utiles 03 stocks 40 bonds
Norfolk & Western Ry. Olin Mathieson,
Owen-ipal C
Oxford Paper Co. Parke Davis Co. Penny IC, Co. Perin, Salt Co. Philip Morris Procter & Gamble Pittsburgh Plate G Pure Ol
Radio Corp. Pred. Reynolds Metal Sears, Roebuck & Co. Shell Oit Co......
Saint Reg. Paper
Enler Alremft....... South Puerto Rico Sugar
Bouthern Co. (The)
Southern National Gas
Sterling Drug Co.
Stokely Van Comp
Bunching Mining
Texten Inc,......
Tide Water Aran. Ol
Time Inc.********* Twentieth Century Fox Fum
Union Ol of Cal
United Gas Corp.
3. Foll "B"
Eisenhower's
Message
New York, Jun, f. President Elsenhower's State of the Union messago had no
appreciable effect
on the New York stock market today.
Prices were mixed be- fore the speech with, ah- craft and missile com-
showing panies
Utile extra strength. The alighi rains were given up later. -Reuter.
Д
PRICES OF COTTON
Liverpool, Jan. 9.. Colton future closings. in
pence per lb. were as follows: old contract
July/Aug
50.00
20.00
20.00
24.07
Sales In The US
Now York, Jan. 9.
The British Automobile Nows
MARKET
London, Jan. 9.
Stock prices turned easier today with trading, on the quiet side. \.
Government bonds, however,
Bureau reported yesterday firmed on investment demand that more than 85,000 and finished with gains of as British cars were sold in much as a half dollar. the United States in 1957 | Mart
compared with 32,305 in three 1956.
The Bureau said British Cars
Industrials
were off to six pence, with nil chain stores down six pence. Unilever lost a chilling.
wero
the decline Dutch foll 2. 1/-9, And
Olla
again. Hoyn!
were now being sold by 1,000 Shell dealers throughout the United
States.
Mr Donald Morren, of the Manufac- British Automobile turers'
jasued
Association,
on
Transport
British Petroleum 1/3.
De
Beers improved 1/3, in an
otherwise idle mining section
German bonds
a
quiet
ngalu were and unchanged, while
much as .
Chineze
changed.
bonds
were 127-
ainultaneous statement saying some Japanese Liens added as that one reason for the groW- ing sales of British cars in the United States was the exton- sive spare parts and system established,
that
had
service been
Sir William Rootes, of the Brush Dollar Export Council, who is now visiting the United States, issued a statement any- of ing that although sales English-bullt motor cars had mounted notably in the pasl year, I WRE significant they did not compete dollars with American-built automobiles.
that
Dollar stock were
United Press.
mixed.--
London Metal
Prices
London, Jan, 9, Prices of metals closed today
in sterling per long ton as fol- for lows:
The British car was designed for the buyer who wanted special car for a special pur- pore and at a special price.-- China Mail Special.
Tin not
3-mearth
Copper pot 3-month
Buyers Sellers
1301
176
970
1701%
Lead 1 half Jan. Apt. Zinc ist half Jail.
Apr.
箱
United Freon.
P.OBIE.A
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N. CO.
Outwards "SINGAPORE"
"CARTHAGE"
13th 74003877
Southern Railway (Com.)
Steep Rock (Temoto Exge.j
Mar/Apr.
May/June
11
OctЛtlov.
114%
Dec./Jan
2136
2%] New contract
Mar/Apr.
Leaves LoDéan
Due Bonskong
May/Jupe
413%
July/Aug-
Oct/Nov.
Dec/Jan.
Cotton future closings, in cru- zeiros per kilo were as follows:
| "SOUDAN"
Salled 6/12 Bailed 11/13 Saled 12/13
7th Jmacary 10th January
20th January
18th Jantiary
1th February
20th FebruRTY
Jan.
42.30
Mar
$2,00
May
42.34
July
42.40
Oct.
42.50
Dec.
42.70
us. Ling Co
Western Union Tel. Co. Well Va. Pušti & Paper
United Press.
SINGAPORE
STOCKS
SAO PAULO
In the United States, the average price of ons-inch cotton at 14 designated spol markets was 34.88 cents
Singapore, Jan. 10.
Total sales at these markets Brokers today quoted the fol- | were 51,471 bales-United Press, lowing stock prices:
Orening 83.7741
41/-
25/04 Fraser & Neave Lid. Ord. 62.6711 Fraser & Nrave Lidi. 74
Batu Lintang Rubber Co.
Ltd.
Brillah Barnes Petroleum Syndivate ...........................** Consolidated Tin Smeltors
Gammons Malaya) Ltd. 2.30
Shanghat Hongkong
70.16 Hongkong Tin Lid.
Comun, future price Index ... 157.13
New York Sugar Market
averages
cum. piet
443.24
101.83
Banking Corp.
149.22
9.19
Kumpas Lin...
$450 6/d $1.05
Kuala Kainpar Tin
Malayne Dreweries
Lunas Hubber Estates Ltd. $1,05
R 13.4235 Now Serandah Rubber Co.
Lod......
$2,50
Petaling Tin Ltd.
$3.4214
$15
Raffer Hotel
50 xal
201
Singapore Cold Storage ..
$0.94
3734 Straits Trading
$1.0231
in
Straits Steamship United Engineers Ord.
$16.50
$1.30
3.10
China Mail Special.
on
Closing Prices
Radio
Alden lue. Acy. Allied Muls Inc. Am. "Frake Shoe American Airline American Cable
Corp. American Cyanamid cu. Ainer. Forgn. Power A. Gas & Electric.. Am. Mach. F'dry. Am. Sugar Ret. Armco Steel pi Atlas Cous, Mining Baldwin-Lim-Ham. Beneficial Finance Bendix Aviation Corp. Berguet Cuns. Boeing Airplane Borden (The) Co. Burroughs Add Machine Campbell Soup Co...... Caso (3. 1.) Co.
Cat. Tractor
Celane Corp.
C: 1. T. Financial Corp.
Cluett Peabody
Colombian Carbon Co. Commercial Credit Continental Oil of Del. Crown Zellerbach Diamond Alkal Diamond Match Co. Dougins Airwait
Bow Cicala Eastern Airline pizza
Elsewhere prios movements | 21 Paso National Gas were insignificant but in line 7amily Finance Corp. with the general trend,
Market Diary
Here is a market diory of the week: Friday:
Monday:
31 Wearns 11:09.
New York Foreign
Exchange
New York, Jan. 9. Closing rutes were: 15/10 Canada. ........
England official
41
031 301
301 Argentina
20-daya
90-days
11/32
101
81 5/32
2.80 7/10 2.19 1/10
JOTIE unchanged United Press.
London Foreign Exchange
London, Jan. 9..
Closing rates were!
New York
Montreal
Amsterdam
27% Copenhagen
PPR
Firestone Tyre & Rubber
Ford Motor
den Pub, Uti.
Getty OB
Glidden Co..
Goodrich (B. Fj ̈∞.
Gulf of
yden Newport Corp, stamentake Mining Co. Jägersoll-štand
Light-scale trading in stock Co.
170;, $479,000.
Interghemical Corp. Dirt and feature-International Paper less. T/O: $400,000. John-Manvilla Co.
Liggott Meyers Tob. Co. Tuesday: Prico movement Lowenstein de, Boos
innignicant T/O: McDonnell Aircraft (Am.
$439,000.
Wedncadax:1 Remained du 1 17.
„Thursday:
TYO: $301,000,
Little change. I/O) $390,000.
flock go.).
Manubi Frań: Carn.
Minnesota kjoine
onto Comerical Co. SENA (Odry Prod.
|| Frakturz
Mila
Stockholm
Vienna
Zurich
100
2.01-20116 2.7716-2.774
New York, Jan. 9. World No. 4 sugar futures closed today unchanged to 2 points higher with anles of 217 contracts. Domestie No. 6 suger futures closed 1 to 4 points lower with sales of 100 contracts.
contracts Firmness in world reflected news of a continuing interest in rows and an interrup- In Cuban harvesting
heavy operations because of reins during the past weeks.
In the raw market,, dealers sald an operator bought a cargo of Brazilians, China took
other cargo from Brazil.
Havana advices Indicates 28 Cuban milla hve started operations on the 1958 crop.
Contract No. 4 (world); Manch, 3,79; May, 179; July, 3.00; Sept. 3.79: Oct. 3,76; March, 368; 3p0===(centa per lb. ob Cuba), 3.75.
Open Interest: 0,349 contracta, Contract No. 4 (domestic); March, 5.01; May 6.08; July, 5.71: Sept., 5.70: Nov., 6.7: Spok=(cents per lh, ei New York ex-cily), 5.50.
Open interest: 1:00) contracía- Lined FreRE,
10.5913-10.00%
1055419.3914
15.7796-13.7733
176314-178194
NAMESAKES
Answers:-1 Author, 2 MI,
· Pathos, 4 Characters, -5, 20.00-20.01% Novelist, Tarascon, 7. Storica, 1177-117731.
Details, 10 B Anccdotes, D 14,401-16501 | Chapter, 14 Humour, 12 De- 17.35-18.30
1222014-11 Beribe, 13 Franco, 14 Styiq.
Others unabanged-United Prose.
Alphonse Doudot.
SHIP
BENDLINE
*
*
*
*
"CHUSAN"
"CANTON"
Homewards
"SALMARA”* "CARTHAGE”
“CHUBANTM "CANTON" "CORFU"
Learys Bongkang Due London 11th JanuaLTY Aith Jamm 30th January 11th February 14h March
414 March 17th February 7th February 14th March 14th April
Via B'pore, Penang, Colombo, Bombay, Aden z Pt. Sald * "BALMARA" emits Colombo à Bambay, calls at Genoa, Marseilles & extends Hamburg, Rotterdam
& Antwerp.
BRITISH INDIA S.N. CO., LTD.
"BANTULA" 14
Part
10th Jan.
"SANTTILA" Que soth Jan. anila žilet Jan,
"OLINDA” dun 10th Feb.
salls ith Fel
from Calcutta, Rangoon,
Tenson a digapoče
SUI JEDI.
ITUS Japen
tor Singapore, kanare, Hangoon Calcutie
for Bingapore, Penang. Hangoon Calcutta Chittagong
| P. & 0./B. I. JOINT SERVICE
"TTRIA**
In Port
salis 10th Jan.
VISMAILA" dus 17th Jan, vals 18th Jan.
"OBEA"
E
"ITAUEA"
*
dae 17th Jute"
kalle 104: Jaz,
The Mih Jan.
rails 19th Jen.
from JapaĆI.
for Amgapore, Madras, Bomber. Colombo, Bhavnagar & Karachi
from Japan
for Singapore, Bombay, Karachi, Kuwait, Basrah, Khoeremansiz. Dubait" de Muscat.
frem Karachi, Bonsbar, Cocula & Bingapore for Japen
from Karachi, Bombay,
Cochin & Bindspore for Japan
EASTERN & AUSTRALIAN S.S. CO., LTD.
“ARAFURA” gills Ded Tab.
“NELLORE" dur
fer Labuan, Sandakan, Brisbane, Bydney, Adels alda & Melbour
Btli Feb. tromp Australian
All vessels átvo Kmarty to call at say varia an- or off the retin & the roste à mitings are subject to change or amendment with or withosh netice.
MACKINNON MALKI
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