1958-04-18 — Page 9

◄ THE CHINA MAIL,

FRIDAY, APRIL 18, 1958.

Page B

TRADE and COMMERCE SECTION

LIGHT SCALE PROFIT-TAKING

Counters Fall Back To

Lower Levels

By A SPECIAL CORRESPONDENT

Light scale profit-taking on the Hongkong Stock Exchange caused many counters to fall back fractionally to lower levels this wook.

off | Monday: A the market -levelled citer is upward climb, It was inclined to be on the quiet side. Tuesday?

Most of the recent prplaat enters lost ground but à ton-Wednesday: hey of stocks which have been

quiet cume Into the picture Thursday: again thin week

İfl

Hongkong Wharves Werl good demand suddenly yester. day and they rose from $105 ex-dividend to $100 yesterday, ther on increase of $4 vinre

les! sale. Watsons were quite active this week and from last week's buyers' quole of 1 they $11.20 yesterday climbs to

with sole,

Blue Chips

down

Alt Blur Chips were this week expet for Yminalls which FO:< from their ex- dividend price of $93 to $93.50 yesterday.

was

Turnover for The week $3.34 million compared with Inst week's turnover of $2.83 million. Tatly was six higher, tive 2412- changed and 13 Inwer compared with 13 higher, three stearty and eight lower.

Union Insurance announced a dividend this year of 2/3, which is about half pennymore than their dividend last year,

Quieter

ran ter House obser-

ver'a account of the market:

Quiet

conditions. T/O: $16,000. Moderate trading. T/0: $775,000.

fepture- Dull mid Jess. T/O: $218,000, Prices move within harrow Amits, T/D; $307,000.

HONGKONG STOCK EXCHANGE

Our Own Correspondent

Business one on the Hong "kong Stock Exchange

thus mounted (0 ap morning proximately $333.000, Noon quotations and the morning's transactions were:

shares Buyers Relistu BANKS

Balea

703

FK Bor

780 700

East Alla

200 Zu

INSURANCES

Union ... 21.50 72.65

Lastbar..

123

30

6.10

€20

IMXCKS, ETC.

XD Dock

100 11

SHIPPING

Quieter conditions prevailed Wheelock. on the Stock Market during the

---past-week-and-some fight scale

profit-taking caused a number K. Whael, of recent

ground

to lose favourites

44.30

but losses generally | Provident,

Tut... 11 20 1.40 300 fi were mostly fractional.

вений из

sure at the beginning diqqat,” ETC.

Hotels w.re under slight pres

werk but they recovered quick-

ly under renewed support.

In 'lity seellón, T

14.50

aux Hotel. 17.5) 37.60 1500 17 11.50 Hut. 530 Hamphreys 14.32 14.00 Realty

1.475 1.374

RUBBER Arad.

23

600 61

Tr

1.175

phones Eletrics and China

Lights were tractionally off

IT-

Aller making further tress, Lands also last some | A. Tanah grottie,

The firm spole were in line Crawfords which advanced $16220 on Wharves Trom $105

to $100.

Rubbers were

shade Armer,

The overall turnover for the

week amounted to approximate- Telephorie

ly $3,340,000.

Here week: Friday:

1.40

HK Rauk Lombard Union Wheelock

AK Whart HK Docks

Provident

HK Hotels

UK Land

--$2.50

-150

The Share Market At A Glance ★

Mar, 19

603

Mar. 20 785

-Mar. 27

785

Apr. 10

Apr. 17

Up or Down

785

782b

934

321

3211

steady

71

12

716

7%

+31

0.10

G

5.05

0.25

0.10b

1210

120

117

105x4.

109

+34

63

34

54

45x

44368

51.25

12.20

11.95

12

11.40x4

11.30

-100

15.80

15.70

10.10

17.40

17,50

+100

32xd

314

3112

EX

--500

1.375a

1.40

1.425

1.475b

1.4755

steady

22.70m

22.com

21

23.80

23.70

-100

117

115A

117

1170

115m

$

0046

DO14

07

83xd

9334

+500

17.10

17.30

17.50

17.40

-100

20

25.80

2020

20.00

20.40

-500

24.90m

25

25.70

20.40

20.10

300

21.50

11x

20.00

20:00 steady

Dairy Farm

10.70

16.00

10.00

17.30

15.00xdb-150

A.B. Watsoni Yanglaze

11.70%

10,80 xd

10.80

Ltb

11.20

+200

5.45

5.458.

5.451

5.200

6.25b

+50

Allied

3.650

8.75%

3.050

3.6in

3.00b

--50

HK & FE Inv Textile Corp

8.80b

100

130

10.10.1

10.100

4.0013

4.60

4.625n

4.55b

4.55

9.15t

9.154

8.000

HK Really

HK Tram

Star Ferry Yaumatin

Ch Lighta Electrics

11K Telephone G.1. Cement

Nanyang

steady steady 8.45b --150

The New York NEW YORK

Stock Market

New York, Apr. 17.

Railroad issues scored gains running to 3 points today to pace the stock market higher. Trad- ing was moderate.

With the exception of yes | terday's decline, the market has been moving higher for more than a week. The rails have featured on the upside during this period.

The upswing came despite a number of poor earnings re- ports and concern-thnt дете companies may have to cut their dividends. Predictions that the recession is bottoming out helped buoy market spirits.

NUMEROUS

Gains of a polit or more were numerous in the list. The ralls made the best showing, with | galns of a point or two appeur. Ing in many of the leaders.

Utilities, which had hit a new their average since high_in October 1930 before yesterday's decline, met support and boasted gains running to more than point,

Smith, Kline and French Jumped more than 2 in a strong drug group.

Of a total 1,147 issues traded, 594 were higher, 308 lower.

New

York Stock Exchange voluine was 2,500,000 shares.

New York Stock Exchange 20.00 20.10 bond volume was $0,200,000. 20.10

American Slock Exchange volume 720,000 shares.

Goodrich (B.F Co..... Goodyear Tyre

Gulf O

Heyden Newport Cup. Homestake Mining Co. Jaland Steel Co. Ingervoll-Rand...

Interchemical Corp. ....... bobl Bunlara Machines

Harvester ....... International Nickel International J'aper

t'i Tel. & Tel. John-Manville Co Kanaan C. Power & Light Kennoot Copper Lingett Rievers Tob. Co. Lockheed Alteraft

Loews Cerront Co. Lone Star Lowenstein & Sons, McDonnell Aircraft

Stock Exge-) .

Merabl Iron Corp. Minnesota ning Miion Development Monsanto Chemical Co. Montgomery Ward Motorola Inc. National Caxi Reg." "A" National Dairy Prod. National Leed

Nationel Steel Corp. Norfolk & Western: Ny. New York-Centra Olin Mathieson .... Otia Elevatora ... Owen-laola Glass

Oxford Paper Co. Pacife Os & Elec. Pan American Airways Paramount Pictures Parko Davis Co. Penny J. C.

Penn, Salt Co.

Philip Morris

Co.

Procter & Gamble Co. Pittsburgh Plate Glass Publicher Jadustyles Pune Oil

Radio Corporation Radio Corp Pref.

Republic Steel

Reynolda Metal

Bears, Roebuck & Co.

Shell Oil Co.

Sinclair Oi

COTTON MARKET

|

LONDON STOCK US COTTON

MARKET CONSUMPTION

London, Apr. 17.

NEW YORK Buying of government stocks

RUBBER MARKET

New York, Apr. 17. Rex rubber futures today closed 8 to 30 points of 46 lower with sales contracts.

May: 25.00: July: 20.80: Sept: 20.75; Nov: 20.15; Jan: 20.77; Mer: 20.63; May: 20.85,

The market cared after a steady opening, but more from the effect of buyer indifference rather than

the pressure of offerings. With curtalled pro- duction of automobiles, tyre Iactories жете extracautious buyers,

· Washington, Apr. 17, The Consuz Bürozu reported today that United States cotton on safety first instincts to-

consumption for March totalled with day caused sharp rises 632,022 bales compared

short-dated £39,635 in February. among the

The

for

the eight

gilts but the long-dateds This brought United State: ropresented by War Loan

consumption and Old Consols rarely months of the season through bales appeared on the tape and March 1958 to 5.444.905

compared with 5,958,574 for the closed unchanged.

similor perlod through March However,

rallway Ra-1937.. tionalisation stock gained 0/3, and one or two others were upatecks on hand in the US at de The Bureau suld total cotjan

end of March 1958 smounted Leading industrials were to 12,283,192 bolea campared o a with 13,208,488 at the end of nearly all down by, od

1000 and 14,748,402 shilling. Greal, Universal Stores February was extremely active and lost at the end of March 1937. 2/3 but the other chain mores,United Press. like Woolworths and Marks and Spencer, were unchanged.

between 8 and shillings.

Gilis took n good deal of In fact, a few were reported punishment with Royal Dutch Petroleum naking for postponements on down 5/-, British deliveries. Early steadiness re-down 3/- and the others down fected London cobles and fur- between 1 and 2 shilings. ther reports of Russian buying

overseas.

In the shipment market, small rales included four ribs at 2314 cents and five ribs at 221⁄2 cents, both April/May shipment out of Thailand.

Germans dominated the foreign sector. Dawes Loan non- rose £144 and the assented assented £4; Potashi 7 per cent non-aented rom £1.

unchanged WCIE

per cents which

Japanese

Dealers reported offerings of remill browns from Sumatrexcept for the non-assented of unsold at 21 cosa pound, the Tokyo European offerings here of tweeased £. ribs, April/May shipment at Dollar stocks were down with 20% cents a pound found the their premium cusing from 4 best bids fully cent under | por cent to 4 per cent.—Unkel

Press. that level. Spot No. 1 Rss was quoted at 204 cents.

AMSTERDAM

The rubber markel was quite andy. Prices closed in guilders

lows:

New York, Apr. 17. Cotton futures today regain. od stability after a mixed start, although trading generally continued on per kilogram, cif May as fol- the quiet side. Closing on a rally, the market finished at the day's best levels and net 5 to 23 points higher. 75 Opening prices were off 4 to up 5 points. New Orleans closed up 11 to 14 points.

13012

345

73

32%

Commission house busing in new October inercased on the bellef that Congress may do nothing to change the present

form laws.

No. 1 rubber Na, 2 rubber No. 3 rubber No, i pale crope

2.23 buyers

2.1 buyers

3,02 buyers. 2.20 nom.

SINGAPORE The market was up slightly better over- the opening on seas advices and ruled quietly steady at higher level.

There was fair interest for lower grades for nearby ship-

continued though mont which

The Census Bureau estimated offerings were scarce. Futures: domestic consumption of raw No. 1 rubber per lb. May 7815-781

June 773-778% 632,022 cotton

at in March bales. The figure was slightly No. 2 rubber per b. May 73-7415

No. 3 Bubber ses 1b. May $7-60 274 less than expected and com-

Snot rubber tibialed .. 701-253 pared with 800,010 bales used Blanket crepe

No, pale crepe

3014-0114 in the same months last year.

The Commodity Credit Cor-

·LONDON-

£2-64

20,700 bales of The rubber market was quiet. unrestrictedly steady, with spot quoted al collon from use on blads opened on April 14. 23% pence per lb. Prices:

salezta No. 1 its spot This brought sol 1100101,732 bāles.

(Am.

70 o

34%

30

poration sold

row

3412

4042

403

2212

40

201

7415

81

60

The Liverpool market closed 5 lower to five English points American 3lgher or 523 to 598

points under New York futures.

TIBC

.... 27-24

Bettlement house termi

June

July/Sept.

Oct/Dec.

211-23= 23141-231-

Jan./Mar.

April/May

unquoted

*

General marketa elt basis, porte:

Raw cotion

exports today

April

0-03

May

23.231

Lotalled 5,026 bales, bringing

June

2211-531

thick May

United

231

Treas

1otal for the reason to 4,229,050 Fate crepe thin May.. bales vs 5,673,140 bales last year, according to the New

to

Train

23.70 23.00 3000

24.70

Yustrati

00

steady

to a

C. Light

(0) Electric

ર

17.40 17.30 17.40 2000 14 23.40 20.70 1250 14 20.50

1000 2000 (

100

York

Cotton Exchange.

Month

Volume Open Interes!

May

7,709 128,500

70.10 70.33

2004 Sou 0000

July

8,300 190.30m

Oct

0,000 220,300

201

Exec.

B.500

Mar

115,900 9.300 175,500

STORES, ETC. Dairy, Xb 10.30 Watson

Saint Reg. Paper

31%

May

11,420 140,000

配忪

July

4.200 00:200

1.10 11.30

500 40 11.20

Socony Mobloll

+4917

Oct,

Dow Jones closing

27

Total

COTTONS

Southern Co. (The)

20%

were:

Southam National Gas

30 industriaža

445.00

Bouthern Railway (Com.)

Standard Brands

420

20 calls.

109.15

Storlard Oil of Cal

40

1.10

15 ulem

76.01

Standard Oil of Ing.

05. stocks

154.21

83

40 bonds

30.00

Rock (Toronto Exrej

Camin. future price index..

157.82

Sterling Drug C

Stokely Van Camp

Market Diary

a market diary of the Textiles ... 4.35 4.00

Nansang.. 11.46 Fairly active. T/O: Mee

(Ordinering) $1,344,000,

Surcala

A SAFE DEPOSIT

Entrend without

deduction of Untied

Kingdom income lat

for YOUR FUNDS

SECURITY: Group Assets Execed £20,000,000

62%

STABILITY Combstent Intereal STRENGTH. Knowledge and Experience SAFETY No Kish of Depreciation SUCCESS Years of Development STANDARDS The Best Banking

· Bank Deposite of £100 to 6:250,000, accepted

·Bend' today for "ank Deposit Accounts Rooklei

No, A0,1* Iron, General 'Manager

LOMBARD BANKING

LIMITED

DANKERS

ZOMBARD HOUSE

CURLON STREET, PARK LANK, LONDON, W.I

ORTİ 4518 (39)

girsachen und Agents throughout.che World

averages South Puerto Rico Sugar

Closing Prices

Auden Inc. Aay.

Allied Chemical

Allied Mils Inc.

All Chalmera..

Am. Brake Shoe

American Airline,

Ani, Cable & Radio Corp. ..

American Cyanami Co.

Forgn, Power

Ant. Gas & Electrie Am. Mach. & Tony, American Metal American Sinetting Am. Sugar Rel. American Tel & Ti American. Ton. "B" Anaconda Copper Armes Steel ..... A:mour

Ales Cous, Mining Baldwin-Lime-Iam. Baltimore & Ohio

Beneficial Finance ....... Bendix Aviation Corp.

Benguet Cons

Bethlehem Bieel

Boeing Airplane

Burden (The) Co.

Burrough Add Machine

Campbell Goup Co.

Canadian Pacife R.

Case (J. I.) Co.

Cat. Tractor

Celanese Corp C.1.7 Financial Corp. Chrysler Motors .... Cluett Peabody Colgate-Palmolive Co. Colombian Carbon Co. Commercial Credit Commonweaßh Elec. Consolidated Edison Continental Off at Del. Crown Zellerbach Cuban Amer. Sugar Diamond Alkali S... Diamond Match Co. Douglas Aircraft Dow Cernicals Dupont de Nemours

Eastern Airline

Eastman Kodak

Ei Pao National Cas

Tarnily Virumca Corp.

Firestone Tyra & Rubber

Ford Motor

China-Electric

General Foode

General Motors

Cer. tub, um.

Ostly on

Oudio Co.

$201

Studebaker-Packard Comp

Sunshine Mining ........

Swift & Co.

Taxi Go.

xiron Ine

134 Tide Water Aman. Qui

3219 Tum Inc.

24 Twentieth Century Fox Fum

35 Vale Carbide...............

10

Unton Oil of Ca

41% Ueton Pedid Railury

B4

United Aircraft

124, US. NID"

42% 9. Gypsum

34.B. Lite Do.

1932. Hubber 41. Smelting 28. Steel 1753%

Warner Bros.

Weetinghouse Electric West Va, Pulp & Paper Woolwork

11,500 10,300

05,200 1.100,000 bales

NEW YORK

Prices of cotton futures closed today as follows:

Spot: 3000; May: 33.90; July: 38 24 Oct: 30,10: Dec: 38.75: har 56 37.03 May: 38.07: July: 303: el 13% 35.33

55

NEW ORLEANS

ר

New York Sugar Market

New York, Apr. 17. World No. 4 sugar futures today closed "unchanged to six points higher with. sales of 557 contracts. The domestic No. 6 contract closed unchanged to one point lower with sales of 97 com-

irecte.

With developments in Cuba

Prices of cotton futures closed temporarily relegated into the

world background

futures today as follows:

firmed after a mixed start to- day. The prompt stopping of a

Spot: 34.05; May: 35.61: July: 3348: Oct: 39,72 Dec 3081; Mar: 37.05 May: 37.00: July: 3634: Oct

LIVERPOOL

Cotton future flosings, pence per lb. were as follows:

American Contract:

30 large number of May transfer- able notices spurred a covering movement. Tenders were issued for 231 contracta

바

•

London Metal Prices

London, Apr. 17, Prices of metals closed today in sterling per long ton as fol- lows:

3-month

in pot Copper spot 3-month

THO

130

Buyers Sellers

11915

J7V 1733%

170

July

Lead and hair,

Apell Zine and half,

13

674

-United Press.

April July

P2O| B⋅I│E·A

COMPANIES

PASSENGER/FREICHT SERVICE

ཤ་དང་

PENINSULAR & ORIENTAL S.N. CO,

Outwards "SALSETTE"

"CANTON"

"SUNDA" "SALMARA” *CORFU *SINGAPORE"

Ilemawarde "CHUSAN" ÷ "CANTON" "SOMALI" * "CORFE! "BUNDA" A

Leaves London Batled 20 Baled 1/4 Sailed 3/ 11th Apri 30th April 7th May

Due Hongkong 11th May 4th May 10th May 8th JUNE

2nd June

20th June

Leaves Hongkang Ting Lonđan STL April 8th May

24th May

6th Juna

thus June

20th May

8th June 30th June

5th July

24th July

Via B'pore, Penang, Colorabe, Bombay, Aden z Pt. Bald,

• "CHUSAN" also calls Mateollice.

"Bosial?" calla P. Swettenham, Singapore thence

direct to Havre & London..

1 "SUNDA" calle S'pore, P. Swettenham, Penang, ACID, P. Huid, avre, London, Ramburg, Rotferdan & Antwerp,

"ISMAILA"

saila 20th Apr.

BRITISH INDIA S.N. CO., LTD.

"SANGOLA” dɛə 25th Apr,

trom Calcutta, ftangoon, Penang &r Singaporə for Japan

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

dur 23rd Apr.

from Karachi, Dombay. Cochin, Tuticorin

Bingapore

for Japan

&

From Japan for Singapore, Penang Madin

Bombay. Bhavnager & Kandeti"

from Japan

Taz Hingapore, Karachi, Khorramantur, farrah. Kuvait de Durbes

sails 24th Apr,

"1TRIA**

Que pil May Balls 10th May

to

In the raw market, Cuba sold May/June: parcel lots Wednesday, reported- 16,71: July7AME: 25.04; Oct/Nov: to Japan, at about 3,37 20,54: Dec/Jan 20.04; Mar/Apr: 3.30 cents a pound, Lob Apr

Juno shipment.

Mixed Contract: 23.10; May/June: 33435.0

OGUNDY! July/Aug! 28.343 4316 30.00; Dec/Jan; 20.85: Mar/Apr:

22.05.--United Press.

United Prem

New York Foreign Exchange

New York, Apr. 17. Closing rates wore:

England official

30-day

DO-days

Australta 445 | New Zealand South Africs

Belgium

2.81-18/10 2.00-10/10 2.791 223% 12.00-15/10 2.63-4/10

· 200312

Others unchanged. United Press.

London Foreign

Exchange

London, Apr. 17...

Closing rates were:

Now, York hootrest

Amal sydam Frankfurt

pos Parte

Stockhchn Vienna Zurich

Athere unet

2.811-2017

Singapore

Stocks

Singapore, Apr. 18. Brokers today quoted the tol- lowing stock prices:

Lintang Rubber Co. British Borneo Petroleum

Led,

Celes

TIA Ord. ******

Opening $1.7915

421 64

170

Fraser & Nerve Lid. Ord, 19.0714 Frazer & Neave 79% cum.

GÜIGIDADE (hikisys): Lknited $9.023 Hongkong &

ME CUTP.

Hongkong Tin Lid.

Kempa Li3.

$430

11.0715

Kusta Hamper Tin

amas Rubber Extaten Lid. 1.01 Malayan Breweries... $3.45 New Beranda Bubber Co.

10.69% | Petaling Tin Lid.

1739% | Itarties liatsi

alugapore Cold Storage But Traditi

trasts Eteurasip

nited Brenem did." Weerne Bros.

$1.471

Contract No, 4 (world)

May: 3.40 July: 3.41: Sept: 3.41: Oct: 3.3 Mar; 8.33; By: 3.30; July: 3.37: Spot-(cents per lb. fab Cuba): 3.39.

Open Interest: 6,067 contracta, Contract No. 1 (domestic) May: 5.70 July: 5.76; Sept: 6.70; Nov: B77; Spot-leende per the cit NY ex-duty): 6.70.

Open Interest:- 2,051 contracte.- United Proxy.

New York Metal Futures

New York, Apr. 17. Prices of meal futures closed today in cents per lb, as follows: Lead: May. 1oom: July, 11.07. Zinc: May, 6.476) JULY, 37b. Copper: May 21.56b; July, 23,020. - Tin May, 92.31 July, 01.001.-- United Press.

Exchange Rates

But as done in the focal this exchange market $1.00hofficial

morning at the, following relasim, Ul. dollar (per $1). 4164 » | Starking notes - (per #17 2014 Australien males (per £1) ..........! mdonesian pupiah (per 100)... #13 | Mam Ucal (pae 100)

Singapore Citrally)

*

"ITOLA"

dne bih May

All th May

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

"EASTERN"

dus 20th Apr. 116 111 May

"AHAFURA” dua żab Apr.

B 30th Apr

from N. China

tor Jesselton, Labuan, Bandakan,

Hrisbane, Sydney, Part Kembla Melbourne & Adelaide

Troca Australia for. Japan

All yemela kane tibarty to call äs sky" ports on or of the route a'the rozin a sulings are subject

to change or amandment with or wlikent. Boties.

For full particulars apply to :- MACKINNON. MACKENZIE & CO. OF HONG KONG LTD: Telephone Nos. 27721-4