+
THE CHINA MAIL, FRIDAY, JANUARY 31, 1958.
TRADE and COMMERCE SECTION
Paro 9
Cheap Cotton
MORE MONEY COMES ONTO MARKET Cloth to
NEW YORK Building Boom
RUBBER MARKET
New York, Jan. 30.
Rex rubber futures today closed 95 to 63 points higher with sales of
contracts.
Jan.
Mar.
May
July
Sept.
Nov.
Jan.
69
20.75-
20.00
23.90)
27.10
27,20
27.20
27.20
Standard contract closed 35 to
6 points higher
reported.
Jan.
MDF.
MAY
July
Sept.
Nov.
Jan.
Prices
frmed
with no sales
20.90
27.10
27.20
21.20
27.20
with
the
London market with added stability gained toward
r
Reaches Standstill?
By A SPECIAL CORRESPONDENT
A sudden flood of money brought new life into the Hongkong Stock Exchange, which has been dull since the beginning of the year, and although activity on the market increased, the majority of stocks moved narrowly either way.
It is believed that the boom In building and real estate has reached a standstill
and
may
be slackening off with the result
the that investors are now patting
close when brokers with el-some of their money back into land connections became promi-the Stock Market
nent buyers,
News of u developing domes-
tle factory interest in the spot market alded
Intra-dealer
Real Estate
the upswing, At the beginning of the boom, switching of
pruple took their money out of March-Sept. and Sept.-Nov.the Stock Market and put it into contracts co-featured the trade, rebi estate, where it was possi- A moderate tonnage worked ble in some cases to get their In the shipment market cluded sales of one
in money back in three years, whereas shares on the Stock
sheets of
26% cents; two sheets at 25 Markel were only yielding an and three remilled browns al average of seven to eight per
23 cents, all Feb-March ship-cent yearly. ment, cost and freight.
With talk going around
in
Spot No. I Rass was quoted at London that the Bank Rate may 26 cents.
SINGAPORE
The market was marked
he lowered, there was a feeling
up
In Fee House Bireet this week that Hongkong banks may
cut
of the opening on beller over- soas advices and rose to 70% cents at which level prolit-tak- Ing pared gain.
Idar. 70-7814
No. 1 rubber por th. Feb. 16-749
No.
No. 4
י
their rates in the very near futuro.
The land boom and the Bank Rate were the chlet reasons for the bad atute of the market last
Cements found some nowed support and advanced appreciably to $20, a gain of nearly $1.50, but scrip was meares with sellers obviously holding off for higher levels.
Ulines Were fully active after being somewhat irregular closed about the same except for Traena which were of 50 cents.
Wheelocks also improved on better support with the ap proach of the dividend.
After losing further ground. Hongkong Banks showed signs
HK Hotels
HK Landa
SINGAPORE STOCKS
To
Britain
Landan, Jan. 10. Britain's Cotton Board today aiked thà, totlón Indus- tilos of India and Pakis- tuh to seḥd delegates here fat à confarañċa oð export of cheap cloth to Britain. Opening
No date was announced for $1.57% the conference, Presumably this was left open 16 accommodate
Singapore, Jan. 31. Brokers today quoted the fol- lowing stock prices! Batu Lintang Rubber Co.
Ltd. Britis
Major issue
* The Share Market At A Glance *
"
Jah 2
HIK Bank Lombard
860
Jan 1
850
Jan 10 8414
*Fan 28
840
82225
Up or Dawis -$7.50
$2
12446
33
Union
78
74n
76
78.
Wheelook
5.50
0.65
t
0.455
6.70
£50
IX Wharf
12b
120
1210
121
120n
$1
HK Docks
49750
301b
31
551
49
Provident
11.80m
11.05m
11.90
12.20
Iz
More Cairoleum
Syndicate
15,10
14.90zm
10.80
16.80
18.50
+35
Consolidated
in Emelters
$234
221
33
03
steady
Ord.
1.35b
1.35b
1.3m
1.350
1.35
steady
Fraser & leave Lid Ord. ..
11m
20+ 3d $2.00
the guests.
2.6.
2014
Fraser Neave 74% cum.
24.30
24.30
23.80
500
pref
14.05
126
1250
1250
124
124m
steady
gammons (Malaya) Ltd.
12.20
B
953*
95%
BK
ᎻᏏ
Hongkong
Shanghai
Banking Corp.
$450
17.20
10.00
17
10.90
10.00
steady
Hongkong Tin Ltd.
27.30
20.70
20.80
20.00
26.00
steads
Kumpas Ltd........
26.50
26
25.70 26
20.10
20.50
+-300
Kuala Kampar Nin
Lungs Rubirer Estates L.
11.09
259
24.50
+$140
Malayan Breweries
12.33
10.25m
16.80
10.60
· 18.50
16.10
-400
New Serandah Rubber Co.
-11.700-...--
1170b
11.800
12.201
+100'
Ltd.
$2.40
Potaling Tin Lid.
6.30
8.301
3.380
5.80
James "Hotel
$2.00
a.70b
3.0750
3.6750
3.075m
ricady
Bingapore Cold Storage
$0.50
9.30%
9.30m
4.675
101
4.55b
10
100
stody
Biraitu Trading
$1.72
8.50
8.50
4.575n 8.40
Straits Steamship
$10.75⚫
+240
United Engineers Ord.
$1.28
steady
Wearnerom,
eel, China Mail Special.
JK Reatly
BK TH
Star Ferry
Your
Ch Lights
Electrics
K Telephone
G.I. Cement Dairy Farm A.S. Waloozi Yangtze Ailled
HK & FE Inv Textile Corp Nanyank
8.40b
The New York
Stock Market
New York, Jan. 30.
of recovering on the closing Stocks made an irregular decline on moderately
day of the week.
There was little of note to report elsewhere.
Rubbers were only moder- ately active with virinally us change la prise.
Market Diary
active trading today. Late trading showed more losses than gains after an early advance had carried yesterday's recovery to new highs for the movement.
Standard Oll New Jersey receded more than a point after Here is a market diary of the reporting record mies of nearly week:
8 billion but a dip in net in Friday: Quiet conditions. come, Jersey declared the usual Other olls turned dividend. TVO: $571,000. Moderato trading. down with it. Barber lost more T/Q: $884,000.
than 2 points. Selective buying. T/O; $817,000.
Monday:
progre::s.
T/O: $509,000. Ruled steady, T/O: $749,000.
Lower sheet interest was ogain small except for nearby year. If the peak of the real Auperior qualities. Futures:
calate business has now been Tuesday: No. 1 rubber per lb. Feb. 16-705% reached and is on the downward
trend and the Bank Rate is Wednesday: Further 70-711 lowered, there is every likell- ca-hoorl that the market is in for Thursday: 7011-2013 a good rise. €734-00 0112-633 LONDON The rubber market was steady with spot quoted at 22% pence per lb. Prices:
Spot rubber unbaled
Blanket crepe
No. 1 pale crepe
No. 1 s pot
22-12
Settlement house ferm:
April/June
2212-23 23-231
Juty/Gopt.
Oct./Doc.
2321-231
Feb.
Mar
Genersi markets, cif basia, ports: 22-2
24 24
Apri Estate crepe, thin Feb, thick Tab. AMBERDAM
Turnover this week went up to $3.31 million compared with $2.07 million last week, but the tally was only six higher, eight unchanged and ten lower. Last week's tally was seven higher, 32 unchanged and five lower.
Hongkong Banks
At the beginning of the week, 10 Hongkong Banks dropped 224-25825-their lowest since Decem~ ber-but at the close yesterday they climbed back to $812.50, while in London the share went up to £44.
The rubber market was steadier. Prices closed today in guilders per kilogram, df Feb. ns follows:
No. 1 rubber
No. 2 rubber
No. 3 rubber
Nu.
стер
220
num.
2.18 200
tinlied Presa.
LONDON STOCK MARKET
Wheelocks which have been down in the $0.45 level for on 25 cents some time locked this week to close at $0.70. This
ex-dividend
share will look very attractive when it is quated with a return of around 12 per cent at its present level
HONGKONG
STOCK EXCHANGE
Our Own Correspondent
Business done on the Hong- Exchange this kong Stock morning amounted
to 2p- proximately $195,000, Noon quotations end the morning's transactions were:
Shares Buyers Bellarm Salta BANKS XK. Bank .831,50 8.77 50 INSURANCES Unson ..... Lombard SHIPPING
The confidence of investors In Hotela sent the shore up another
to $16.80 30 cents this week their highest since 1950. With
70.50 reports that hotels in the Colony
* are doing very good business
Peninsula Courts now Waterboat 18,40 οποί
Hongkong Wheelock.
Asia Nay, 1215 bringing in money, The stock market advanced Holels are expected to do very
XD .... well this year, which
London, Jan. 30.
smartly on a wide front
today in the face of die-a higher dividend.
appointment ἀναί
a
rumoured loworing of the bank rate.
Gill-edged scurities
Jumped Back
menns
Utilities were more or leas were steady this week, but Tramg very active with rises of to dropped 60 cents.
to close at sterling.
$23.00, while Phones gained 30
DOCKS, ETC.
K. Whart
Dock ......
Provident,
(N)
LAND. STC.
1,000
0:30, 0.40 1,200 4
2,000
0.303
6.35
了
40
12 12.30
HK Hotel 10.00 10.00 500 @ 10.60
Ek Land. 33-33.40
100
0526
Blud chip Industrials were cents with sales at $28.50.
Humphreys 16.50 Realty heavy demand and a majority Cements jumped back into the RUBBE closed out the day at their best picture this
1275 1326 360 weck when talk amaig.
8,000 d levels. Unilever and it N. V. In Ice House Street that Green
Trust
1.30 1.245 partner closed more than two Island was going to pay
UTILITIES Points higher. Bowater Tosh than anticipated sent the share
Tram ..... 24
123 128 over two shillings.
up to $26, a gain of $1.40 on the Star Ferry
Vauma... 9430
Light (0)
20.90
1y
Royal Dutch paved a general-week.
Arm oil section with an advance
than of more shillings.
more
33.25
1.50 1.30
An
Messbl Iron Corp.
Minnesota Mining Mission Development Monmato Cherical Co. Montgomery Ward Motorola. "A" National Cur National Diy Frod. National Lead
Nations Btwel Corp. New York Central ........ Norfolk & Western Ry. Oiln Mathieman Dís Elevators .... Owen-linule Gian Oxford Paper Co. ·
Facile dan & Eiec,
an American Airways Paramount Pictures Parke Davis Co.
Penn, Salt CS
outstanding exception, Mission Corp., rose a fraction as did Royal Dutch, the
most active issue on the board.
Steels turned irregular inte in the day with Granite City down 3 points. Utilities sagged. Du Pont, off more than a point, led chemicals lower. Special Issues showed a long list of gains run- ning to more than 2 points.
Of a total 1,162 issues traded, | Purs of 430 were lower, 420 higher, Fadis Corporation
282 unchanged. New York
Penny J. C. Co. Phillip Morris Procter & Gamble Co. Pittsburgh Plate Gloss Publicker Indürtelés
Radio Corp Prof. Republie Steal Stock Exchange Reynolds Metal
Seam, Roebuck Co. Shell on Co.
volume was 2.160,000 shares.
Binclair Ou
Socony Mobilost
New York Stock Exchange Baint Iteg. Paper behd volume was $4,800,000.
American Stock Exchange volume was 670,000 shares,
Dow-Joncs eidsing averages were;
30 industrikis
20 all
15 utilities
65 stocks
40 bonda
Comm, Auture price index
Closing Prices
Alden Inc. Acy,
Allied Chemicals Aillod Mills Inc.
Abis Chalmers
Am. Brake Shoe American Airline
American Cable à Tadio Corp. American Cyanamid Co. Amer, a Poryn. Power Am. Ga Electric Am. Mach. à Pay. American Metal American Belting Am. Sugar Ref... American. Tid & Tel American Tob. "E" Anaconda Copper Annoo Steel Anmout
Attas Cork, Mirung
Baldwin-Lima-Ham.
Baltimore & Ohio
Beneficis Picance Bendix Aviation Cap.
Benguet Cons
Bethlehem Steel
Boeing Airplane
Borden (The) Co.
Burroughs Add Machine
Campbell Soup Co.
Canadian Pacific R.
Cups (3. I.) Co.
Cat. Tractor
Chinese Corp.
C. I. T. Financial Corp:
Chrysler Motors
Cluett Perbody
100 3.90
17.30 4000
33
100 1000
ice.
708 @ 190
+
2000 27.10 2051
20.00 20.00
It was expected that due to two bad business during the past year-the Sino-Japanese cement Most foreign bonds however war-Green Island would pay a
Mocirle this year. vory small dividend. weakened.
that al- appears, Dollar stocks were higher-But It now
Mario E.. though they will not be paying Telephone United Press,
the same dividend as last year-
New York Foreign
Exchange
New York, Jan. 30.
Closing rates were:
Canada
England 30-days
Belgium
90-days
expected
14.90
16.90 Colgate-Palmolive Co. 10.00 Colombian Carbon Co. 10.00 Commercial Credit 20.00 Commemeralih 2onolidated milion
Continenter Oil et Del. 1,200 @ 20.00 Cmwn 28llerbach ..
Cuben Amer. Sugar
26.00amond Match Co.
$4-businers was not as bad DS INDUSTRIALS
the aryd
dividend Camant... 20.00 Тажна would be around the $3 mark.
ETORES, ETC. Dairy 1620 19.40 1,600 ₫ 18:30 600 1030 1,000 1130
Improvement
12.50 TEES).... 70.390 OTTÓNS
Walacti
•
Wing On
LDI 10/16
Here is an Ice House
2.00 18/15
observer's
Street account of the
1.79 1/10
0100
market:
MIS
Vibro
Others unchanged.- United Press.
London Foreign Exchange
London, Jan. 30. - Closing rates were
New York Montreal
Amsterdam Brunete
3.70 2/10-1.76 3/10 10.0834-10.53 B/13 10,40-10鳂 19.389-1925%% KLA TI DALYTA
Brother 0534
Others SäckingenUnit
Thére has been a slight fins | INVES
provement in turnovers during Yangt
ANEOUS
10.50
the past week with the overall Un W. Bi
total amounting to appreal- | CIA.C.
in
mately $8,310,0DG,
ས་
vråkte of just over $1 million.
Prices, however, have book somewhat inixed but oneral- ly moving within DISTOW Kimpelta.
(rd)
|Douglas Aircraft
Parer Chernickla Deent de Nemours Eastern Allem
Kodak
El Paso National Clas rice. Corp. ||FTreetone Tyre & Rufiber
Food, actor...
como Genokai Hectata
General 70008...
General Motors
Gen. Pub, UU.
Getty Ou
| GHGOEN DS,
Goodrich (0) 6.
Quiz Qui
Herden Neveperk Conn.
130 20.30 Homeatake King Co.
Exchange Rates
àão
Business was done in the top Howls made further pros
tonictal exchange inaikoti šiam grēna alikonek. some light-
mothing at the following authen WORLD - SKODI-Saking culį in 76,5% 0% 3. time week caused a slabi rés. Sterling bell(bir #1), - origina frakt they recovered Australianka mötanderer
quickly to love at the hotindian upset. (ose laik
Siam Hos (per 100) Tovals.
Exingupões (likaksu)
Inland Beel Coi
Inti Bundres Mollók
Int'l. Harvester
Internaljana Nickel International Paper 131 Tel &. Tek ... John-Minvilla CS.
65) C. Roger & Light
Lagret, Mereja Tob. Üs,
- Lockhat. Altera ....
MeDonna
449.79
Solar Aircraft,
Bouth Puerto Rico Bugar Southern Co. (The). Bouthern National Gus Bouthern Railway (Com.)
10.20
12.106...
5,55
3.6750
4.55za 8.40
BZ
NEW YORK
COTTON MARKET
Cotton
New York, Jan. 30.
futuros today' re-
sumed the previous two- day vigour, with gains of avar $1 a bale.
Closing on a note of strength, the market had a rise of 33.40 to $5.15 a bale from the lows of lust week.
Trading volume and open in- 39 tereat today were:
Month
6 March
U
Volume Open interest
7,200 104,20
15%
10,500 303,500
July
11,300
214,500
Det
21.30
XP4,500
Dec.
11,400
$3,700
di Mar.
10.200
July
MAY
11.000
3,400
8,300
Total
99,900 1,175,000 bales.
NEW YORK
63,400
Prices of cotton futures closed
today as follows;
Spot: 30.361; Mar: 35.25;
May:
73 3325; July: 34.77: Out: 34.05; 100:
30%
3450 July: 33.08.
NEW ORLEANS
Prices of cotton futures closed
today as follows:
33.01; Bar: 33.53; Spot 42345: July: 3540: Oct: 34.05; DI
an bar Mi Máy: 1
200
$1.47% 77 6d
London Metal
Prices
London, Jan. 30. Prices of metals closed today in sterling por long ton follows:
Tin
3-month
3-month
Copper pot
Lead tod half Jan. .. Lead 2nd hall Apr. Fine 2nd halt Jan. Eine 2nd half Apr.
*
*
*
of talks would be export of choop cloth from theso countries to Britain.
The British colton manufac- turers hoped to arrive at an agreement with the Indian and Pakistanis on their exports here
A mission from the Lan- cashire mille visited the Far East last year and came to with India. agreement Agreement never was reached with Pakistan and Hongkong although Pakistan would have Come.
Uf Hongkong to terms had done so.
The British were understood this time to set agreements be- fore Pakistan and India which would not be binding if Hong- umporta LX- Bet figure.--United
| kong-originated
ecoded Press.
NAMESAKES
s
Buyers Bellers
737
736
161
1634 180
- Answers:-1 Wink,
Enter
TER
tains, 3 Ability, 4 Knack.
731%
841P
Bi
13%
13 Godiva, @ Hull, 10 Glamour.
VA
Kay Kendall,
3 244 Genevievo, 6 Quentin, 7 Docter,
PO B·I EA
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL 5.N. CO.
Outwards
Lakes London
Bue Hongkong
8th February Urd February
Sailed 7/1
"CANTON"
"BOUDAN"
"BUBAT"
Babed 11/1 Sailed 10/1
5th February
with Jabruary
sih Mar.
"COEFU" "KARMALA” "CARTHAGE",
11th March
10th Mazda
5th April
Yth April
Leaves Hongkong Das London
11th February?
Via S'pore, Pediană, Calombo, Bombay, Aốgà à Ps. Said
***BUBAT". omits Colombo a Bombar, caile Queen & Marseilles à extends to Infaturk, Rotterdam & 'AhWarp.
↑ "CHUBAN" also exila Marseilles.
May:
par
LIVERPOOL
Homewarde "CANTON" "CORFUTM
14th March
106.90 Standard Brands
72.63 Biardard Oil of Cal 183.58 Standard Out of Tad. 8.pp Standard Oil of N.J. 154.85
Cotion
future closings, in
“BURAT" *
4520
ユアサ
pence per lb. were as follows:
+
"ÙARTHAGE" "CHUBAN"†
1 March 30th March 11th April sath April
14th April
10th May
ith Mat
2012 May
BO
Old
contract:
Steep Rock (Toronto Exge.) Stokely-Van Camp. Studebaker-Packard Corp. Sunshine Mining
19]
Biar/Apr: 26.10; May/June: 20.41; July/Aug! 25,26; OU/Nov: 2525; Dec/Jan:. 26 30.
3X
14
IT
Swift & Co.
New contract Mar/Apr: 20.25; May/June: 20.60 July/Aug: 20.90; Oct/Nov: 27.25; Dea/Jan: 21,39,
*
70%
Txe 60.
00
30%
Textron Inc.
ĐÀO PAGO
25% Time Int
E
2011 Union Carbide
Cotton futura closings, cruzeiros per kilo were AN follows:
in
*
2011
July: 40.30; Oel: 4040; Dec; 40.54.
In the
United States, thờ
“BANTÍA" In Port
B03.
average price of one-inch cotton
101
at 14 designated spot markets was 34.72 cents,
++
"OLINDA"
pulls 2las Jah,
đạo 2014 th sali 11th Feb,
Total sales were 19,618 bules. -United Prou..
*
"SANGOLA" due 14th Feb.
*
12% Union Oll of Cal.;
Union Pacific Railway TOS United Atreraft
144 Unko Ghes Corp.
40
US. Foll "8"
US. 1.tree Co.
US. Rubber
20% 7. Surat
43%
Us, Steel.... Warner Bro Westerhouts
Electric enters Union Tel. Ca. West Va. Pip & Paper 13 Woolworth
-United Plgan.
HK Exports To US
Show A Rise
Washington, Jan. 30.
United States imports from Asian countries in October increased from September, with prin- cipal gains from Hongkong, Japan," the Philippines, and Malaya.
Total imports from Asia in $12,000,000 in previous month. October
valued ai Imports from other Asleḥ US$188,300,000 compared with countries in October compared 343 | US$170,200,000 In September, with September included:
jandi a 1930 monthly average of From Japan, US$80,300,000
301
| ÚS$168,300,000,
the Commerce | against US$56,400,000; mk | Department announced todty. From Malaya, US$16,000,000
Contrary to the general up-against US$15,700,000, word trend in, United States From the Pallippines, US$10,- |world and Asan trado during 400,000 against US$10,000,000;
Delober, importa in Octobór From Indonesia, · US921,300,- from India declined to UB-000 against US$20,500,000; $0,900,000 from US$20,000,000 From Hongkong, US$8,000,000,
against US$3,800,000; and Imports from Kuwait, mostly From Pakistan, US$2,900,000 petroleum. in October werd against US$2,000,000, - United US$17,400,000 against US-Press.
In September.
SHIP
BENDLINE
*
*
*
DRITISH INDIA S.N. CO., LTD.
Kalja 15th Feb.
firah Japa
for Bingapore, Pahang Rangoon & Calcutta
from Japani
for Bingapore, Pecan FORTROO Calesita Chittagong
from Caloutta, Rangoon, Penang & Bingapore
P. & 0./B. 1. JOINT SERVICE “IKAUNA^ Sue 13th Feb.
Kadis 15th Feb
"UMANIA" dae 19th Tab.
sally fist Feb.
do 28th Feb. dhe 2nd Mar.
"OBRA"
“UÉLANA” satta kod idar,
from JapaA ter Bingapore, Papang, Cochin, "Bombay, Kargi 1, MUSORÁ (suwala, Bauen & Khorramshahi
icom Kenchi, Bambi, Cochin A Singapore for Japen
Stout Immu
far Blogspers, Bombay, Cochin Bhavnagar
From Kaikiki, Medika Penang, & minore For Jack
EASTERN & AUSTRALIAN SS, CO., LTD.
VÁRAJÚKAPSakta beh Yuk
SABERING." "SPRODUCT" ANS
Brisbane, Sydney, Adel-
"NELLORE? 54 8th Bán, from Australia -
Al võiside Bays, liberty to vált at ang ports dis
to change or amendment with be withani mökian.
Far hub particulars apply to MACKINNON. MACKEN & 20.
OF HONG KONG LID. Telophuse Nav 277914.
*
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