THE CHINA MAIL, FRIDAY, FEBRUARY 7, 1958.
TRADE and COMMERCE SECTION
LOCAL MARKET TURNS BULLISH NEW YORK RUBBER
The Share Market At A Glance ★
Lombard
Union
Hi Wharf
32
دي
Jan 9
1K Bank
..850
Jan 16 86734 38
Jan 23 840
Jan 30 832
Feb 0
Up or Down
835
+$2.00
70%
743
330 14%
32b
.33
+$1
781
70
Wheelock
0.45
6.4-b
0.45b
6.70
0.25xd
-7340
120
121
1218
1200
120
steady
HK Docks
50gb
51
526
40
50
~$1
Provident
11.05m
11.90
ILK Hotels
14.0001
15.80
14.20 16.30
12
12.40
+100
18.60
10,60
steady
HK Landa
3232
12%
33
33
SUJA
+$1.25
HK Realty
1.33b
1.35m
1.35n
1.35
1.35#
UK Trans
2314
24.80
24.30
23.BO
24.30
steady +-500
125"
1240
124
124m
1240
ready
05/
0534
05
94b
OT16
+$3.50
Uh Lights
16.30
17
10.00
10.00
17.40
+306
26.70
26.80
26.90
28.00
28.50
+$1.70
IIK Telephone
25.70
28.10
20.20
20.50
27.20
+700
4.1. Cement
206
251
24.60
25
20.30
+300
Dairy Farm
10.00
16.50
16.50
10.10
10.80
+400
A.B. Watson
11.706
11.80b
12.10b
12.200
12.30
+190
Yangtze
5.30m
5.35b
Allied
3.675л
3.0781
HK & FE Inv
3,00m
Textile Corp
4.55
10n
4.556
Nanyang
8.49b
0.55 3.675n 10
4.550 8.40
5.50
5.45b
Bo
3.4750
3.70
+2140
100
10n
steady
4.5750 8.40
4.50b 8.00
--740 ++-200
Star Ferry
Yumatin
Electric
8.00
TRADING QUIETS DOWN
ON WALL STREET
Now York, Feb. 6.
Strength in utilities and several special issues featured on irregular market today. Trading for the list as a whole few issues very active on huge block quieted with
turnover.
Gains in the utilities ranged to 2 points in issues outside the group used
to calculate the averages.
In the specials, Jonai Business
Internu- Muchies
widest was
resumed its rise with a 5-point spurt. Zenith, the weak to the close.
Individual strong spots dotted the tape. Chemicals come back ate in the day with some of them showing gains of more han a point, Olla softened on
Dow-Jones closing averages
were:
hakiimba
20 tulla
7.
65 stock
20 bond. Perm future price anex
Closing Prices
Allen Ing. Acy. Allhd Chemicuis the price sliuation. A black of led Mills ar 10,000 shares of Philips traderij Allis Chalmer and another of 10,000 shares Ain, Drake She
American Allie
ifted that inste inti the active Am. Chiste & Radio Corp.
column.
for the
Steels were lower most part with a firming noto in
few late in the day, including US. Steel. Some of the metals retreated.
Market nows was mostly on
the adverse side.
American Cymbal Co. Am & Furn. Powe Am, Gas & Electre Ani, Mach. &
American Metal
Amartean Smelling
Am. Sugar Ref.
American Tel & T
American Tob.
Ananda Copper
Armco Sce!
Amaur
Atlas Cong. Mining
Diamond Match Co.
Dougins Alteraft Dow Chemicals Dupont de Nemours
General Foods
101 General Motors
109%Gen. Dub. Jul.
Gotty Du
Majority of
Stocks Gain
TURNOVER NEARLY $5M.
By A SPECIAL CORRESPONDENT
NEW YORK
COTTON MARKET
New York, Feb. 6.
MARKET
Now York, Fob. 6.
No. 1 pol. 1294-67
Bettlement house term: Rex rubber futures closed Mar.
today 21 to 40 points Deg
lower with sales of 68 contracts.
March, 25.23: May, 2000; July, 20.00: Sept. 2012; Nov. 2038; Ja 26.85 March. 20.05.
Standard contract closed 21 to 40 points lower with no cales reported.
Cotton futures todoy opened at 416
steady and closed firm with the for forward July delivery touching a new seasonal high.
A mid-selon upsurge
Reports that the majority of companies
listed on the Hongkong Stock Exchange | sulted
had good years sent stocks up on bullish market this week,
a
With the approach of dividend time, buying was brisk, and yesterday's turnover of $1.71 million was the highest day's take since February, last year.
11 became more evident this week That money was coming onto the market from Боте
which
ຍາ SOLATE,
people think is
cash being diverten from the real estate business.
It was learnt during the week that a large Chinese real esinte bysiness hud over-extended itself in that they had bought did not * much land and have enough funds to build on their altes. As a result thes had to sell some of their land
loss.
at
The Beginning
Ir the real estate and construc- tion boom has really reuched its peak and is now slackening of, This may be the beginning of a One good year for the market,
of the reasons for the market's
284 dullness last year was the hoom
in the building business.
24
50%
18712
With a steady dally turnover 231% of over seven lakhs, the weekly 3051
total came to $4.77 million-the Last highest for nearly a year.
Was $3.01 turnover
Utilities led the general rise in prices with Electrics out in the tore with a gain of $1.70 for the China Lights tucked on week.
A steady undertone develop- ed during the week and this appeared to be well maintained throughout.
Market Diary
Here is a market diary of the week:
Friday:
Slightly mor tendency. T/O: $728,000
Monday:
Mere cheerful note.
T/O: $900,000. Turnday:
hardening. Prices
T/O: $705,000. Wednesday: More active trading.
T/O: $120,000. Light proft taking. T/O: $1,718,000.
Thursday:
HONGKONG
STOCK EXCHANGE
Our Own Correspondant
Business done on the Hong- The electricly companies re- Icong Slock Exchange this duction of the surcharge from morning amounted to approxi-
15 per cent to 12 has now open-mately $574,000. Noon quota- : en the way for both companies tions and the morning's trans-
beneilts this actions were: to declare higher
year.
Higher Levels
34.59
53
2
March, 20.25; May. 2000; July
26: Nov, 2684: Jan. 24.83;
Prices softened after a steady
opening yielding with news ut
creased shipment offerings at prices slightly above the local re-market and selling credited to
continentul interests.
0 broadscale demand, Involving commission houses, Further layoffs in automobile local traders and trade accounts,
plants pointed up estimates by found a Umited supply of con- private sources that automobile
After extreme gaina up output tracts.
this year may be the 2.25 dollars
4,3 abule, the lowest since 1952, when
were produced. market eased slightly from best millions cara levels but still closed net 13 to Spot No. 1 Rss was quoted at
to
SINGAPORE
30 points higher. Opening 20% cents. prices were up one to 8 points, New Orleans closed up 17 to 20 points,
reflected Soller cautiousness anticipation of a higher govern- ment joan rate for the new crop. and discussion about the pos- siblity of un export subsidy plan un a replacement for the
existing government method of sales on rect bids,
Overall uncertainty about chances
for enactment of farm legislation in time to apply to the 1958 crop and continued heavy loan impoundings were other restrains on selling.
Producer loun Impounding for the week ended Jan. 31 totalled 244,049 bales, bringing total for the season to 2,828,281 balos.
After
with- allowing for drawals, the net stock of 1957 crop colton under loan amounted tė 2,640,065 bales,
against to 4,092,208 baies impounded the same time last year,
NEW YORK Prices of cotton futures closed today as follows:
36.16
35.20
25.38
33.37
34.06
54.07
34.86
34.825
Prices of colton futures closed
B
.90
LIVERPOOL
future closings, in
pence per tb, were as follows: Mar/Apr: 25.20; Old contract: May/June: 25.18: July/Aug: 25.84; Oct/Nov:
Der Jan: 23.10.
25.04; TOC! Mar/Apri Now Blay/June: 20.50; July/Auk: 20.70: Oct/Nov: 2456 Decrdan: 93.
Eastern Airlin
Spat
Eastman Kodak
Mat.
El Paso National Gus
30
May
Family Fination Chry.
27
July
Firestone Tyre & Rubber
87% werk's
oa
Ford Atotor
44
mullion,
Dec.
Genet Electric
031
Mar.
:1
237
July
40
NEW ORLEANS
30
Glidden Co.
312%
372
Goodrich (1.1 Co.
6.5
50 cents since last week.
today as follows:
17
Goodyear Tyre
7516
Spot
Guil Opera
10612
star.
757%
Heyden Newport Cor}}
346
May
1314
hoineslake Mining Co.
3012
July
11%
Ingersoll-land
Oct
37%
Inland Steel Co.
Dec.
Interchemical Corn..
Маг
Anty
Int'l Bushes Muulinen
3381
-37
in Harvester
31
Buyers Sellers Whares BANKS
Jalna
May
July
17:16
IrAcnational Nickel
BKK Bank
બર
935
70
International Paper
T
Int'l Tel, & Tai
31.
47
Jota-Manvillo Co.
131
Kansas C. Power & Light"
Kennecott Copper
Baldwin-Linn-Hana,
11
Ballimore & Ohio
Lockheed Alterati
Llegeit Meyers Tub, Co.
714
the
Binelictal Finance
2012
Loews Incorp. ....
137
Bendix Aviation CurD.
403
Lone Star Cement Co
Benguet Cons.
1
Lowenstein & Sons.
deduchem Steel
40
McDonnell
Aircraft
et
Reserve
Stock Exge.)
Menali Iron Corp.
Burrough Add Machung
307/
On the strength of reports of record businesses last year, other sPPING Blue Chips have climbed steadily Waterboat Wheelock, to higher levels. Trams gained
XD 50 cents on the week to close pockS, ETC.
while
Telephones Dock $24.30, 2816 tacked on 70 cents 53% yeaterday
East Ask INSURANCES Union.
2.70
Collon
09
Liburd
18.00
G.15 0.30
with salea Provident.
30.50
12.20
51
500 @
50
BAO PAULO All prices unquoted.
IM
In
the United States,
EXTR
Monsanto Chemical Co.
3244
National Casi Reg. A
1091
4816
National Dairy Prod.
47
401%
National Steel Corp.
101
153
2 done very
2214 After month of inactivity, 34 interest revived in Wharves yes. terday with sales at $120, while Providents went up to $12.40 under steady demand. companies are reported to have good business last
LAND, ETC.
HK Hotel 1050 10.00 1.000 HR Land 23.75 34.50 189 6
14.50
at 14 designated spot markets
34
104
33.75
was 34.70 cents.
43
30.75
Both
500
Kup
14.50 10.30
10
year.
The
40
hel RUBEN Amig. Trust:* UTILITIES Tram
1.275 1.325
01%
1000 24.00
Oxford Paper Co.
FO
Star Ferry
1:3
Pacific Gas & Elec.
1
..
91.50 1.00
47P
Pan American Airwaya
13T
194
Patamint Pictures
753
Jurke Davin Co.
42
Penny J. C. Co
Penn. Salt Co.
Procter & Gamble Co
The most significant of the
[LS
developments
market saw it was
a statement
by William McChesney Martin,
bend
of the Federal
that the System, who warned
thun recession muy be deeper anticipated. He fell, however, that there would be a business
evival
Of a Lotal 1,121 issues traded 402 were lowel, 370 higher, 259 unchanged.
New York Stock Exchange volume was 2,210,000 shares.
New York Stock Exchange bond volume was $4,480,000.
American Stock Exchange
volume was 650,000 theres,
Airplane
Horden (The) Co.
Sup Co.
Pace R
Case (J.) Co.
Cat. Tractor
Celanome_Corp.
C. 1. T. Financial Corp.
Chene Manhat. Bank
Chrysler Motors Cett Peabody Colgate-Palmolive Co. Colombian Carbon C6, Commercial Credit Commonwealth Elec. Consolidated Edison Continental Dil of Del, Crown Zollerbach Cuban Amer. Sugar.
Diamond Alicati
YOUR NAME
should be HERE.
Minnesota Mirting
3340 Misalon Development
15 Montgomery Ward
Motorola Inc.
National Lead
New York Contral Norfolk & Westem ty.
30. Olin Mathieson
Ons Elevatork
Owen-ish Glass
1500
39
Telephone
27.10 27.20
2010 13 21:10
500 45 27.10
moved
The market opened lightly lighter and steadied further on short covering.
In the afternoon it
profit- erratically with some taking and short covering with fair merest in lower grades but factory interest was negligible. Futurus:
No. 1 rubber per in. Feb. 705-704
Mar. 7814-79 No, z rubber por b. Feb. 1.17
b. Feb. 724-71 No. 3 rubber er ih, Feb. 11, No. 4 rubber spot rubber unbated
2076-70% Blanket erepe ...
84-26 No. 1 pole crepe
LONDON The rubber market was casv with spot quoted at 221% pence per tb. Prices:
*
Apr/June
Lianeral markole, cir karla, periyi Γ. Mar.
Estato crave thin gab. Estate crepe thick Tob. **
AMSTERDAM
The rubber slightly steadier. in guilders per Feb, as follows:
No. 1 rubber No. 2 rubber No. 3 rubber No. 1 crepe
uzej.
Was
market
Prices cloxod kilogram, cif
123 buyers
5.19 Buvirs 208 Euyers
BOTTL
-frutesi Pres.
LONDON STOCK
MARKET
London, Feb. 6.
The stock market closed irregularly higher today under the leadership of gilt-edged securities. Except
weakness Unilever and Bowater Paper issues the Industrial closed steady.
for
in
gestion
Oll retreated led by Shell and Iloyal Dutch.
Gold shares were Atm.
Copper Issues closed
though they fluished the
above their lows.
easter
day
Tin and rubber shares were Arm
Dollar stocks eased reflecting Wall Street yesterday's lower prices.United Press,
P.O│B·I│E&A
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N, CO.
Loyal London
Tea Todakong
Salled 77
8th FebruETY
*SURAT"
23rd February
15th Marchi
Dotwards "CANTON" "SOUDAN"
"CORFU"
“KARMALA” "CARTHAGE"
sited 11/1 Sailed 25/1
5th February
100%
toth March
"CHUBAN"
*
*
February
h Mar.
15th March
5th April
7th April
13th April
Dɔne kopane
14th March
19th An71
1012 March
2514 April
10th Aari)
12th Spy
2802 April
2013 May
GameWarde
Leaves Hongkong
lib February 14th March
*
"CANTON** "CORFT"
"SOUDAN"
the
"CARTHAGE"
"CHUSAN"
average price of one-inch cotton
Jark,
*
*
"OLINDA"
1
LOMBARD BANKING LIMITED
BANKELAY
SOMBARD KNOWLE, LUKIOJI ŠIK 1) TARK LAME
A Wien-liver
DEPOSIT PASE BOOK.
Bank Deposit Accounts with Lombaril Banking eam interest af 8% without deduction of Unlied Kingdom Income tax.
Send for your copy of "Dark Deposit Account" booklet No. AO.74 to General Manager
8%
LOMBARD BANKING
LIMITED
BANKERS
Find Of
LOMBARD HOUSE
CUEZON STREET, PARK LANK, LONDON, WI
GRO 411 (30 lined Branches and Agentz shroughout the World
Phlip Morris
Pittsburgh Pluto Glas Publicker industries
Pure Oil..... Radio Corporation Radio Cur Pref.
Republic Steel
Reynolda Metal
Scam, Roebuck & Co.
Shen On Co.
Saint Reg. Paper.
Sinclair On
Soruny Mobilo
Eolar Aircraft
South Puerto Rico Sugar
Southern Co. (The)
Southern National Cas
Southern Hallway (Com.)
Standard Brands
Standard Oil of Cal.
4015
Standard Olf of Ind.
Standard Oil of NJ.
Steep Fuck (Tiesunto Exge.
Sterling Drug Co
Stokely-Van Comp
Studebaker-Packard Corp.
Sunshine Mining
Swift & Co.
Texas Co.
Textron Inc.
Tido Water An Oil
Time Inc.
Twentieth Century Fox Fim
Union Carbide
Union. O of Cal.
Union Pacino Rettway
United Aircraft
United Gas Corp.
U.8. Poll"
U.S. Gypsum
U.S. Line Co.
U.B. Rubber
.B. Smelting
U.$. Steel
Warner Bros.
Westinghouse Electric Western Union Tel. Co. West Va. Pulp & Paper Woolworth
3
249
2014
STAL
1755
--United Press.
NAMESAKES
Answer:-1 Wings, 2 Pirates, Willow, 4 Gondoliers, 5 Patience, a Savoy, 7 Mikado, 8 Ruddigore.
Pinafore, 10
Ridicule, .11 Libretto. 12 Penzance, 18 Opera, 14 ThoaİTY.
William Gilbert.
same with Lands and Humphreys, the former tucking on $1.25 for the week, while the
Yaumati latter gained 40 cents.
hardened C. Light Although Banka
10 slightly, Union continued to re- main soft.
Tally for the week was 15 higher, five unchanged and four lower compared with six higher, eight unchanged and ten lower last week,
Improvement
1.20 2.23
243 2440 2000 + PLAD
100 0 27.50
17.30 1700 2004 17.40
Electric... 28.50 28.00
Here is on Ice House Street)
Account of the INDUSTRIALS observer's
Cement
Ibope ETURES, ETC. Duty
market:
There was a marked im- the overali in provement turnover for the week amount.
Wintour
COTTON'S
Textiles
Nanyang
2050
14.00
100 17
33 69 17.46 17.40
75 28.70
100028.00
Total sales were 17,788 bales -United Press,
New York Sugar
Market
New York, Feb. 6. World No. 4 sugar futures closed today unchanged
to two points higher with sales of 415 contracts. 100 # 28.13
Domestic No. 6 sugar closed lower 4 points 1000 uF 27.20 unchanged to
with sales of 140 contracts
In tho 27.10
world raw
300 28 NO
10.40 16.80 50
| Japan was reported inquiring
shipment.
for around 60,000
(uns
સ
Brazilian
10.50 100 10.00 13.10 13.50 1300 1330 200 £230 14.30
rows for May/June Uruguay also was believe:! negotiating for ย similar quantity from Brazil.
(world) .Contract No.
March
May
July
3.03
3.04
Bepl
Oct.
March May
0.43 150
1000
150
Onen interest: 6,284 contracts,
Contract No. 6 (domesto)
March
July
4.525 4.005 2000 or 4.575
8.30 MIBECSLLANEOUS Viro
..... 10.30 INVE KENTS Yangirin
ing to approximately $4.771,000 | Lane, _C. of which $1,718,000 came on the closing day, the largest on a singin day since the begin- ning of February, last year.
This ranewed buying ea. quiry is probably due to divergence of funds into the Stock Market Instead of into the real estate and construc- tion trade, which may have reached saturation point for the time being,
Bungala
Un W. EL. 18.30
London Foreign Exchange
London, Feb. B. Closing rates were
With reports of good earn- ing in utillides, whares in these companies were first in demand and led the generalNew York upward trend.
Montreal
Brussels
In his section, Electrics, Copenhagen China Lights, Telephones and Frankfurt Tram were best supported bilan
in some setive trading.
Elsewhere, Haarkong Lands were also in good demand and advanood to $34.25.
In the stores group, Dairy Farms, Lapp Crawforda and Watsons all showed some im- provement,
Hotels were moderately selivo but showed little change at the clos
Hongkong Banks
were
shade ärmer but Unlans were
still hanvy
Bubbers
.quist
ontre
geneesily
281 1/16-2 BIAL 2.77 1/16-2.77 3/10 139.67-130.671S 10.5644-10.38 11.7738-11.772% 1740-27401 13603-201
14.5034-13.501
Parte Stockholm
Others unchanged.
Note: New York exchange rates were unavebuble-United Press.
Spot-(cants per lb. fob Cube)
May
Bept.
Nov.
Spot-(peals per ib, cit Now Yok
lex-duty), re
Open Interest:
Enited Press.
22982
2,039 contract-
Exchange Rates
the Incat
عندنا
Business was done in unpaletal exchange market marning at the following ratos: US. doller (per (1) .**** Aterling notes (por £1) *** 13.50 Australian nolex (per Indonesian rupiah (per 100) slam tical (per 100) Singapore (Stratta)
SHIP
1) ...
12.00
11.0 550
BEN LINE
*
Via s'pore, Penang, Colombo, Bombay, Alen & Yt, said. * "SUBAT" omits Colomba & Bombay, calla Geno Aarseilles & exionés ta Hamburg, Hojerdan & Antwerp. ↑ "CHUBAN" also cutis Marseilles.
} "ROUDAN" omils Colombo, Bombay, calls Elaves and extends Hamburg, Botterdam & Antwerp,
BRITISH INDIA S.N. CO., LTD,
dae 10th Me. Jail 11th Feb.
"BANGOLA"due tish Tel
Balls 18th Feb, "FULTALA" due esti dar. x 11th Mar.
from Japan for Singapore Tenang Rangoon, Calcutta Chittagong
from Calcutta, Rangoon, Pung & Singapore Лот зарад
trom Japan
for Singapore, Benang. Hagoon Calcula
P. & O./B. I. JOINT SERVICE
"IKAUNA"
dur 13th Feb. malis 15h Feb.
"UMARIA" due 19th Feb.
cells 21st Feb. "URLANA" salia 2nd bar.
aplin 4th May.
due NAŠLA
"OBBA"
Bh Ker
from Japan for Singapore, Pener Cociun, Bombay, Kars- kuwat. chi. Muncat, Baargh & Khorramshahr From Karachi, Bombay, Cochin & Singapura for Japan
from Karuchi, Madras, Penang & Singaporn for Japan
from Japan for Singapore, Bambay, Cochin Bhavnagar
EASTERN & AUSTRALIAN S.S. CO., LTD.
"NELLORE
*NANKIN"
Fort
7th Feb,
dus 5th Mar. KAJIE TU: Mar.
from Australia for Japi
from Australia for Japan
All vesela bave liberty to call at any ports on or of the route à the route à sailings any miblog?
to stunsign or amendment with ac without notice,
For fult particulars apply to. MACKINNON, MACKENZIE & CO.
OF HONG KONG LID. Telephone Nos: 27721-4,
*
*
*
+
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