1958-04-11 — Page 9

TRADE

THE CHINA MAIL, FRIDAY, APRIL 11, 1958.

and

COMMERCE SECTION

Pago

BULLS DOMINATE HK MARKET LONDON STOCK New York Sugar

Prices Continue To Advance On Wide

Wide Front

By A SPECIAL CORRESPONDENT

MIK Bank Lombard

Unton

Wheelock HK Whart

UK Docks

Provident

HK Hotels

HK Lands lik Realty HK Tras

MARKET

London, Apr. 10;

HONGKONG British Governments were

STOCK EXCHANGE

Market New York; Apt: 16. World No. 4 kugar futures closed today due to five goints lower with solos of 257 contraéte, Domestic No. & idgaf futufos closed unchanged to three points higher with sales of 10 contracts.

aith very firm today though the rises were more mollerle. Four per cent Chisidh éxééflitoral. ly rose 7/6 but Wär Lin and Old Consols only 2/6.,

uifcertalaties Cuban political Industrials were quile delive ough the rises wore moderate, restrained market interest, with Big concerns like Unilever and selling

the time because of Imperials were not wanted most of

News indienting overnight Business done on the Hong-inaluly the lesser khinwns,

fallure of the threatened all-out kong Stick

tals Oils were inactive. Royallrike. mounted 10 |ap| Dutch, sppeared only once on However, traders were slow

$780,000. Now the proximately

#$%; Shell to draw conclusions since they lane, down quotations and the morning's closed down 1/4 and the others have little news as to how much Transactions were:

were mostly down a few pence, the sugar industry is

Our Own Correspondent

Exchange

★ The Share Market At A Glance ★

Up or

Mar. G 8105

Mar. 13 B050

Mar, 20 78.5

nier. 27

185

Apr. 10

Down

785

alendy

33340

3310

33

-50c

70

0.25

71

0.10

*

72

71b.

--$}

C

..5.95

6.25

+300

1Z1

1211

1205

103x4

53

5434

53

54

4514xd

-300

121

12.20

11.95m

$2

11.40xd

+500

18.80mxa

15.80

13.30

18.10

17.40

+$1.50

3331

32xd

312

314

1314

+$1.75

1.375#

1.3758

1.10

1.425

1.475b

+3c

23mxd

22.70m

22.80m

21.80

+80c

117

115n

117

steady

9814 b

17.00 26.50xd 26.70xd 21.c0nxd

914b 17.10 20

DUIT

01

93xd

+51

17

17.30

17.50

+280

2280

20.20

20.00

+700

24.00m 21.50s

25

25.70

24.40

+700

Share

218

20.00

-40c

Thé

Dairy Farm

$7.10

16.70

16.00

16.00

17.30

BANKS

++400

Ilk Bank.

A.S. Watson

12%

11.70s

10.ដុñxx

10.80

110

-200

East Asia.. 20

Yangtze

5.30s

5.45M

5.45M

3.450

5.20b

--250

INSURANCES

Ailled

3.65

3.65n

3.758

3.05n

sicady

322.30

HK & FE Inv

9.80

0.88b

lin

10:1

10.10

+100

Textile Corp Nanyang

4,60b

4,40h

4.60

4.0251

4.5511

-2340

0.15

0.130

1.150

841

8,001

15c

2000 덕

HOCKS, ETC.

K. Whack,

XD

Dock,

XD

104 100

XD

LAND, C

The bulls continued to dominate the Hong- kong Stock Exchange this week sending prices up still higher on a wide front. Since this column appeared two weeks ago when buyers began to appear on the market in numbers, Ice House Street has been quite active with better all round enquiry. highest turnover was chalked up yestertlay.

compared with 32.48 miffion million last week.

Here is an lee House Street

of account

the olserver's market:

It is expected that in a few days the market will take a breather to consolidate self and become dem. Alter a period of profit-taking, the market most likely to continue is march forward.

is

At the moment, there is every prospect that this year will be better year for the market than last year, when the genera state of the market was dull throughout. Some of the money coming Into the market dividend money being.. re- invested and funds from abroad, which would have normally gone into the building business Jagl yehr.

Little Change

About the only two shares to show little change over the past two weeks were Banks and Unions. Although Banks have been rather active there has In price. been ille varjotion Dealings In Unions have been on a light scale. The reason for the plate of thesm two stares could be because they are rather

on the Lentīvo out of favour market, which governs their rise end tall on the local market 10 some extens.

In the wharves section, which ore a quoted ex-dividend now, the only galer was Providents which lacked on 50 cels

10

10

close at $11.40. Wheelocks trive been in steady demand-during- the past two weeks and they

from $5.45 have climbed $6.25 an increase of 30 centa la two weeks.

$1.30 over the Hotels rose fortnight-after being under con- stant buying pressure through Gut. The shine happened with Länds which rose train $31.75 to $33.50 yesterday.

Limelight

All Blue Chips, were in steady demand over the past weeks, the best guders being Trans, Electries, 70 cents: BD cents: ami Telephones, 70 cents,

been Cements, which have

some Inactive for

tiane now. came back into the Umelight

with sales ugaln

ד -

In spite of the week's (rad- Ing being severely curtailed

the to the Easter holidays, overali turnover exceeded the 52.5 mon mark,

A matked Improvement in enquiry developed on Wed- nerday and this caused prices to harden in most sections.

Hotels were again a firmer and ad- feature throurkout vanced to $17.40

( R of

BO retia for this werk der sustained support,

titles were

Uz-

Star Ferry Ynumaus

Ch Lights Electrics

HK Telephone G.1, Cement

The

11821

218

New York NEW YORK

Stock Market

New York, Apr. 10.

also active Stocks improved irregularly today under the The leadership of airerafts and specialties. improvement came late in the day and it carried many issues up from their low set earlier in the year.

at times with Electries, China Ligbis and Telephones tack- Ingun smalt galus, IK Lands made a useful recovery clos- Ing with buyers at $3344.

In the lores group, Dairy Farus and Lane Crawfords found Kupport at allgitly higher levels whilst Watsons were also a sliade firmer,

as National Gas

Ma- Calau Amer. Sugar International Business

Dianud Match Co. chines gouwerted a loss into Dying Atrial rals. So, did a number of the Dow Chemicals .... Tailg

some of the ells.Dupont de Nemours #kl Wheelocks have atso slawü trady improvement recently Autos were mixed despite the adem Airline...

Futanan KoLak at publication of figures showing with business transacted

a sharp upturn in the auto salesFamily Flannce Cep 30.25 on the closing day. In

Firestone Tyre & fubber latest mithi. this group. IK Realties have

Ford Motgr sellern appear

eneral Electric Armed up and

Indications that the goverů- General PTE. reluctant to part with scrip

ment may speed up nilitary General Molo at current levels.

the aircrafts, Cen. Pub. Bill. Hongkong Ranks have been orders helped

Getty 11 a polm ap- | Glikten Chi Retive it with little varia- Gaine of around

in Bocing Chance Goodrich (B. F. flon inprice. Inions have peared

„Goodyear Tyre

Gulf Oil bren steady around $72. but Vought and Dinglas:

In the specialties, S. S. White Housestake Mining Co. dealings were on a light scale,

Rubbers were only moder- Dental

and Ritter, both of ngervall-tand

Ilana Steet Co, ... make dental supplier, interchampeal Corp bul show frac- witch ately active

jumped more than 2 points each

fees Machines tional improvement.

Harvestes Itas 1 undertone

been a hit new highs for the year,

International Nickel steady throughout with en- Eastern Corp. rose more than 1 International Paper ouiry Improving towards the on its merger agreement with Tol & fel

John-Manville Co, Standard Packing. The latter close.

sfeclined,

Market Diary

Monday:

Tuesday:

hoverlay Wednesday:

around the $20.50 mark.

In the stores group,

Dalry

Trading.

£

National Lend

....

C. Power & Light

Copper Oils came back from their get Dieyers Tah. La.

Lockherd Aircraft Low Incorp. Here is a market diary of the lows late in the session. Steels moved narrowly with the ex-

Lone Star Cement Co. Lusiness starting two weeks'

ception of Lukens. I lost more Lowenstein & Bons.

Aircrati from last March 28:

than 3 at its low but rallied Mebonnell

Stork Exge? ...... Quler conditions. Friday:

somewhat later in the day.

Mesabi Iron Corp. T/O: $200,000.

International Nickel was down Minnesota Mining Light sale trading.

low. Mission Development more than a point at its

Monsanto Chemiteal Co T/D: $381,000.

Rails improved late in the day. Montgomery Wardl Moderate,

New highs TO: $619,000.

were hit by Motorola Inc. Burlington, Collin & Aikman, National Cash fick "A Market showed Armer tenderey. Commonwealth Edison, Endicott Hational Dairy Prod.

Johnson,

General T/O: $608,000,

Telephone, National Steel Corp. Further all round Greyhound, United Merchants New York Central

Norfolk & Western Ry. Worsied.otk Elevators.**** Wyandottee Improvement. T/O: and $0 1,000.

Aluminium. Bendix, Du Pont owen-ülinols Glam

new Oxford Paper Co. Ruled steady after and Union Carbide made

Pacific Gas & Elec holldays. T/Olows before rallying.

Volume was modernts, $525,000.

ping to 2,000,000 shares 2,040,800 on Wednesday.

Of a total of 1,132 issues Peter & Gamble Cn. traded, 457 closed higher, 394 frittsburgh Plate Class lower.

Pure Oil........ Radia Corporation On the American Stock Ex-Radio Cup, Fiel chanje sales dropped to 300,000 |Republic Steel. shares from 650,000 shares Reynolds Metal

Sears, Roebuck & Co. yesterday.

Shell Oil Co,.... Bond volume amounted to Saint Rog, Paper $1,700,000 inst

$5,010,000 Binclair Gi

Socony Mubili.. yesterday.

Farms have been a popular buy, Thursday:

from $16.00 to $17.30. rising Watsons hardened slightly.

Tally for the fortnight

was Tuesday:

13 bigher, three unchanged and eight lower, compared with 17

unchanged higher, ninė

and Wednesday: Brighter conditions,

T/O: $943,000. Better enquiry, T/O: $1,103,000.

four lower the previous week. Tally for this week's two and a

rtays half trading

$2.63 was

Thursday:

A SAFE DEPOSIT

Interes peld with pat deduction of United

me lax

for YOUR FUNDS

SECURITY: Group Assets Exceed' ·£20,000,000

61

STABILITY Consistent Interest

19/% #İRENGTH. Kooniédge and Experience

SAFETY No Risk of Depreciailon SUCCESS Year of Development STANDARDS The Best in Dank lesz

Bank Deposit of £100 to £250,000 accepted

Send today for "ank Depot Arcoun" Booklet

No. Ko bin Gederat Mahbger

LOMBARD BANKING

LIMIT BANKERS

HQ LOMBARD HOUSE CURZON STREET; PARK LANE, LONDON, W. CRO 4111 (30)

Branches still Agiler chronahue jhi World

Pan Amerless Airways drop-Paremount Pelures

frura Parke Davis Co. Fenny J. C. Co. Phille Morri

Dow-Jones closing averages

|were:

33 industrial

20 rolls

utiles

45 xturks

40 bords

Comum. future price index ..

Closing Prices

Alden Fic. Acy.

Allied Chemicals

Allied Ms Inc.

Ailly Chalmers

Ain. Brake Shoe

American Airlina

An. Cable & Radio Corp.

American Cyanemid Ca.

An Gas & Electric

Am. Mäcli, & Pdry. American Metal

American Spielfing Am, Sugar Tel. American Tel & Tel American Toh. "" Anstunda Copper Armco Sleut Armour...******* Allas Cuğu Mining Hegowin-Lima-Ham. Dellinore & Oldo

Reneelat Tanee

Bendix Aviation Corp.

Benguet Cone.

Welchem Steel

Boeing Airplane

Borden The}..C.. Botto

Machine

Comrkwell Soup Co Covidien Preiße K

Caso 13. 1. cu.

Cal Tractor

Cakes Corp.

The LT, Tiponelat, Lurn.

CHRO Manhat. Bank

Chrysler. Mctors iji Cell Pebbody... Colgate-Palmolive Ct. Celomian Carbon Co. Commercial Credň Cumannwalth Elød,

40.00

102.0

COTTON

MARKET

New York, Apr. 10.

Ruyers Sellers Sale

Lombard SHIPPING

GAD 0.30 1000

1000

Provident,

Foreign bonds German, Japanese and Chinese--were in active and unchanged.

Dollar stocks were quiet with

premium down fourth to 4 per cent.--Ualled

their

1.20 FIVE

5220

$3,50 500 a 45

1138 11.40 2000 11.401

HK Hutel. 17.30 12.60 4600

OK Land. 33.60

4000

17.40 $235

6000 44

29

London Metal Prices

London, Apr. 10. Prices of metals closed today 330 in sterling 34

per long ton as follows:

ارم من الدالة

1.85 UTILITIES Tra... 23.50 25.70 Jesa 44 20.70

orders

predominating

bring

frected by the latest develop- ments.

Domestle sugar futures held relatively steady. Sellers were bautious in face of uncertainties at future supplies, both beendure of the Cuban sluktion, and the stelke

Hawelati Mrger workers, now in its third month, Contract No. 4 (world) Mag: 3.42: July: 3.44; Sept; 3.44; Del: 3.42; Mar: 3.38; May: 5.41; July: 3.41: Spol-fvents per j. cif Cubs): 3.45,

Contract No, d (domestic) May: 5.74: July: 5.70; Sept: 0.20; Nov: 8.77: Spot-teents por la cif NY ex-duty): 5.63.-United PiCES.

Exchange Rates

Harness was done in the local exchange market this meaning at the following roles:-

1.5 dollar per $1

33.75

Humphreys

15

unity

1.500

buyers solters

RUBBER

Tin

Arnolg.

1.30 133 0000

13.20

Spat

731

733

1323

J-monti

731

751

Trust XD. 1.10

Copper

A. Jawoh

Spot

273%

3-mont

17434

300370

Lead Ist hair

April

77

120

Star Ferry

XD

Light

117

97 13 200 0 $2.50

17.50 17.00 1600

12 Sterling notes iper c

19.04

10.07

Zine 1st half

Australian notes per £15

13.63

Indonesian rupiah per 100 Alan Best CDEZ 100)

10.70

26.00

17.30

17.00

Slugapore (Stralls)

180

26.00

4204 26.00

Cotton prices faltered today in Her

after carly attempts to koep Wednesday's rally. ing tendencies going.

20.20 120.20

But overall operations wire lecirle 20.70 20.50 1500

The quiet

the Telethune market responding smat! INDUSTRIALS

20.50 20.80 1,000 19 20.350 Cement orders either way.

STORES, ETC.

DODO 17.36 ...11.30 11.30 3000 Gr 1.ans. Crate 1550

Dairy 11.30 17.40

WILLBUD

on

side with

10

2032

28

552%

Further unwanted rains over central and eastern belt

sex-

1132

130

1024

283+

ZASTA

tops caused more uneasiness over the lengthening delay In the new crop start.

COTTONS

11.5

|

40

K. & F..

21st, ..

5

42

107

39

After gaming up to 65 cents

a bale, the dewand petered out and prices pettled back under realising orders tid hedge seli. Ing.

Spot house selling of several thousand bates in May, here 72% and in New Orleatas, acted to "BR" the Age off buying in- Switching between Autorem.

of 13 months included exchonges 393 May and July contracts, one 20 tielpating first notice day, April

7252-1.

The open position in May lo- day Jetulled 148.500 balts. The Aertificated stock totalled 23,852

bales.

63

物品

1

144

24

Producer loan entries for the week ended April 4 iolalled 24,140 bales. Withdrawals to- Il marked fulled 25,460 bales,

the first time this season re- 914 demptions

exceeded

TO

101%

10)

entries. The net stock of 1957 cotton totaled 3,138,244 bales vs 4,039,-

Textiles 1466 4.625 INVESTMENTS_ Yangira

5.25 5.80

4

615.70

10.20 2000 19.10

NEW YORK

RUBBER

MARKET

New York, Apr. 10: Rex rubber futures today closed 5 to 10 points higher with sales di 20 contracts.

May, 2010: July, 20.78; Sept., 20.80; Nay, 2000 Jan, 2000; MAT.. 20,80

20.80, Mar. 20.00. Jun.

Standard contract closed five to

380 bates impounded to the same 10 points higher with no sales time last year.

The Agriculture Department

reported.

authorised Italy to buy $21,200.- :

May. 26,36; July, 20.70; Sept. 20.70: 000 worth of US cotton to be Nev., 20.30: Jan, 2010; Mer.. 26.;

May, 20 $0. paid for with Italian currenty.

437%

A75

45

1391

រ

I to 8 points. The market open-

30

35

At the close the list ruled oft

ed unchanged to up 5 points.

All rides contikido - Au mark time awaiting some new tigen-

Gives. Domestic consumer inter-

14 New Orleans closed off 2 polits. est remained Bat

Limited in-

market

of cmt

terest in the shipment Open Interest included some sales

140.000

sheets out of Indonesia, April/ May, at 25% cents and freight. Spot No 1 Res was ginted at 20 cents.

31+

74

Month

Volume

4

May

0,300

July

4000

307,000

10.100

27,700

763

Dec.

12, JIKI

184300

ALE

~900

-154,700

31f

May

0,700

130.200

THE July

6,000

83.000

30%

Tolki

$7.500

1. Inste

3774

2011

NEW YORK

30

2014

today as follows:

Solar Alterati ...

134

South Puerto Rico Bugar,

Southern Co. (The)

2014

Southern National Cas

-Southern Railway-(Com:t~

Standard Tiranda

478

417

Standard Olt of Cal.

Standard nt of Invi

74.3 Standard Oil of NJ.

1931.03

00.70

Sterling Druz_ Lo

Stokely-Vap Camp Stabaker-Packard Corp.

Texas Ca..

SINGAPORE

Improvement overseas reflect- ed by higher opening here, was

Prices of cotton futures closed followed by Iquiet session at

Sp: 3000m: May: 33.6); July: 3820 Del: 47: Dee: 30: 3: 36.00; May: 36.03 July: 3025.

NEW ORLEANS

Prices of cotton futures eldsed today as follows:

Spot: 35.88; May: 35.10: July: 58.07; Oct: 30.73: Dee: 2003; Mat: 30 67: Atay: 30.81: July 3,

LIVERPOOL

Kumme level with better enquiry

for most lower grades.

Future clings were: -No-1-rubber-per-1-April_714a773k

May 70%-10%

No. a rubber per 16. Apri 720-33"

No. 3

No. 4

Spot rabber uabaled

April

July

Unded Pics,

PO

B·I E&A

COMPANIES

PASSENGER/FREIGHT SERVICE

PENINSULAR & ORIENTAL S.N, CO.

Outwards "DARTHAGE" "CHUSAN” "BALSETTE” "CANTON" *SUNDA"! "SALMARA” "CONFU"

Ilo:newardr "CARTHAGE" "CHUBAN" +

"CANTON"

"SOMALI"

"CORFU"

་

Leaves London

Die jongkong

Salled 8/3 Bailed 10/3 Balled 29/

1st April

Ta Port

12th April

12th May

4th May

5th April 20th April 30th April

18th May

8th June

2nd June

Leaves Hongkong 11th April 27th Apri Di May

Due London 12th May 20th May,

0th Jitne

24th May...

20th Juso

8th July

0th Jime

Via B'poro, Peakha, Colombo, tomaý, Aden & Pt. Bhd,

• "CHUSAN" also calia Marsellies.

BRITISH INDIA S.N. CO., LTD.

** "OKIILA"

due 12th Apr. aße 13th Apr.

"BANGOLA" due 23th Apr.

* 20th Apr.

from Japan for Singapore, Tenang, Caloutta &

from Calcutta, Hongon. Pehsing & Singapota for Japan

P. ¿ ̈0./8, İ. JOINT SERVICE

cue 11th Apr.

sa 12: Apt.

aud 23rd Apr.

sails 24th Apr.

- đuẹ - 7ih Magr.

Balls Blli May

*

*

"OZÁRDA”

"ISMAILA”

#9%%-69%

EC 675

725-772%

Blanket crepe

Ni pale crepe ......

7035-00:5

"ITNÍA"

LONDON

"TTOLA"

dde Bin Mad RAYE sth May

*

2006-2015

Bellinent houn term:

May June

July/Best.

today in cruzeiros

per kilo

Coltun future losings, in pence per lb, were as follows;

Contfact: May/June:

150,40

Sunshine Mining

Awift & Co.

Texion Inc.

12

#195%

Tile Water Assn. Oil

American

73

Tune Inc.*********

Twentieth Century Fox Fim

5915 24.77:

DesJa

Upión Carbide

229

59%

Union C or cal, ..

26.45.

103

nian Pacte Itathway.

317

United Are

Busted Cos Corp.

8419.Foll "I"

43

US. Gyolium

30 U.B. Jane Co.

19. Rubler.

U.S. Smelung

US Steel..

Warner Bros.

AD

20.

ITA

4915

40

13

Woolworth

Westinghouse.Electrie

Western Union Tel. Co.

West Va, Pulp & Paper

United Presi

25.68;

The rubber market was qulid-

July/Aug: 25.07 Oct/Nov: ly steady, with spot qualed

26.05. Mar/Apr: 1/16 pence higher at 23-7/16

Mixel Contract: Stay/June: 25.35; : July/Aug 29.83: Det/Nov: 16.33; No. 1 Res spot

Dec/Jan 20.50; Mar/Apr: 26.05.

SAO PAULO

Closing future prices closed

were as follows:

May: 42.00; July: 42.10; ct: 43.00: Dee: 43.00.

In the United States, the Average price of one-inch tot

społ ton ol 14 designated markete was 34.55 cents.

Total sales 43,307 bales. ***

New York Metal United Press,

Futures

New York, Apr. 16.

Prices of metal futures closed

today as follows: (in cents per

b.)

¡Lead Maý

Στο

Coppar

Genkdated Edlen, CAMINHA di a Crown Zelierbach

Del

Vidida

ID.056 10.Tho

New York Foreign Exchange

New York, Apr, ib. Closing rates were: Canada ¿EN England offefu

10-dhya Ud.days

*

New Zoiland Bouth Afric Argoni pa

10395

Oct/Dec. Ban/Mar,

General markets, cif basle, April

Tetate

ti Fu

ihin

-Pulted

-

London Foreigh Exchange

London, Apr. 10. Closing rutes were:

New York

11-39/te Kontreal

2.004

Amitetaan Copenhagan

Frankfurt

inquoted Milan

Csa

.1330

Faris

United Press.

20134-2.81-3/18

10,02-10.0213 136.76-130.40

1740-

2001-A

Others unchanged.United Pr

from Japan

tor Singapore, Madras, Cochin, Bombay, Kara- chi, Kuwait, Basroh & – Khorismahalu-

from Karachi Bombay Cochin, Tutloorin Singapore for Japan

from Japan

Far Singapore, Penang, Madril,

Bombay.

Ihavnagar Karachi

free Japan

tor Singapore. Karachi, Dacret. Khorramahr. Kuvalt & Dural

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

“EASTERŃ” dúo toh Abr.

sall 1st May

"ARAFURA” duo 28th Apr. BAILE 2018 Adr.

tros N. Chtha tar Jekelton, Labilian. Sandakan. Brisbane Sydney, Adelaide Bielbourne

from. Australia for Japan

All venele bare liberty" to" call "At 'any ports op or off the conja 'à' the risitë “à sailings are subject

to change, og amadment with or without notice.

For fuff particulary apply to'r' MALKINNOR, MACKENZIE & CO.

OF HONG KONG LID... Telephone Nos: 27721 1

"