L
Page
TRADE
THE CHINA MAIL, FRIDAY, MAY 9, 1958.
and
COMMERCE SECTION
|
STOCK MARKET CLOSES DULL W.
Profit-Taking
Sends Prices
Down Slightly
By A SPECIAL CORRESPONDENT
week off on
The Hongkong Stock Exchange started the a firm note but turned sluggish towards the end and closed yesterday on a dull noto.
HONGKONG
STOCK EXCHANGE
Our Own Correspondent
Thirinosa done on the Hongs | kong
Exchange Stock
this meriding aunum:ted to approxi- mately $104,000. Noon quota- tions and the morning's trans- betions were:
Shares Boyers Kellers BANKS
The brisk trading as Friher
i was a routiuation of the
vidus day's
Luiznos with the Bults und in fuave, but by tw middle of this week The bear: came out and some light-wate ptoth-taking mont the においても down slightly.
With talk of the shipping dy- pression, Wharfs and Docks tool; 2 downword plung this sol with Wharves taking the ba Jes of $8 in one week to chang at $102. Jock which huy
ben falling steadily Througho the week. "dropped $1.50 this week to close at $40.50.
נומינן
رحما
I k Lombard Finion Wheelock I Wharf UK Decks Provident
It Hotels
17.40
3237
Up or
NEW YORK
COTTON MARKET
New York, May 8.
Germany Drifting Into Recession?
Bonn, May 8.
Signs that West Germany is drifting into an economic recession received official support for the first time in the monthly report of the Federal Reserve Bank in Frankfurt,
Frush
export orders, ' the volume of present exparts, and
Cotton futures today opanedigeres, all show a decay, and New York Sugar
* The Share Market At A Glance ★
Apr. 10
Apr. 17
785
782120
Apr. 24 787
May 1
May 8
Down
324
322
780
322jn
727
-$2.50
30r
-$2.75
710
72
13n
+51.30
0.25
0,10%
6.056
G.10
1.10
steady
105x
100
110
130
102
-18
4634xd
44148
445
42
406
-----$1,50
11.40x
11.30
11.40
11.00
11.500
--100
17.50
18
15.00.
18.90
Hands
334
13
.3274
3214
3214
HK Realty
1.4755
1.473b
1.50b
1.50
1.55
1K Trans
23.80
23.70
24.10
24.06
21.70
+300 aleady +50 +100
117%
115
1100
112
1105
$2
93xd
9344
25m
90
0514
-506
17.50
17,40
1" 50
18
121
steady
26.00
20.40
26.40
26.80
20,00
+100
26.40
20.10
20.30
26.40
28.40
Kleady
ceat level.
20.00
20.000
20.30
20
22.300
+300
17.30
15.00xdb 10.40
10.30
13.40
+ 100
11b
11.20
11.201
10.80
10.70
10c
5.200
5,266
3.255
5.45
5.40
-C
Alfrd
3.650
3.00b
4.376
4.40%
4.40%
Kieady
HK & FE Inv
1.10n
10.100
10.101
10.101
10.20
+100
Textile Corp Мапулиг
4.53b
4.55
4,55b
4.50b
4.526
+Zige.
1.Con
8.451
8.45b
8.45m
8.550
+100
Star Ferry Yaumalls Chlights Electrics
JK Telephone G. 1. Cement Dairy Far
A S. Waison
Yangisze
NEW YORK The New York
RUBBER MARKET
New York, May 8.
Rex rubber futures today
closed 35 to 49 points higher with sales of 339 contracts.
15 May: 25 15. Salms
Fluctuate
HK Bank'
?AD
Cereals 'continued, to Quater,
AL $23
$23.70 then falling luck to $22.50. They
yesterday buyers with no sellers,
Nu16-
T
and
1
$22.50
2007
72.70 SA71 50
30
Whe locks
6.05
100 or 0.05
DOCKS. EA
K Whart
1:02 40,25
"East Abla
INSURANCES
Valen XI Lombard SHIPPING
Stock
Market
New York, May 8.
Railroad shares with gains ranging to more than
point rose to new highs since last October feature the stock market today.
Steel ismuca churned up is running to more than 2 points and the oils had gains up Lo more than 2 points, Autos ruled firm and some of them
Lowenstein & Suna McDonnell Aircraft Am.
Stock Exue.} atenshi run Com Mission Deyrknument Monsanto Chemical. Co Montgomery Ward
50: Judy 25.29 Sept: 25 Nov: 28.20 Jun: 25.15; Mar. Prices were firmed, partly in with the London- sympathy Shige pore trend. bul some Bunky continued their fall fod Zources sein the improvement made wide advances. Special | Kiatorola Lise. $777.80 yesterday in syropathy (vas dus to a lack of selling issues were strong in many i-National Hiscunt Co.
anything stances. with their Landon shares, which | pursante as much as ale now at low of £40,15.0.
The outside market rerolied Ifotels aral Lands were quite
mulet. Factory interest in the active during the week, rigittelivered market was not better to 533 and $19.10 respectively. 24but they lost some ground after the routine.
yielding to prot‐laking.
J
200123
320.25 2.15
400
Duck
Pviden! (0) 10 11
I AND ETC.
Ik tel
am Land.
Realty
RUBBER
Aracel
A Tawal
Fumitata
UTILITIES
*
Leten"
In the shipment market, a smail tonnage consumated in-
National Cash Reg. "A" National Day Post. National Lead Utilics "were around their National Steel Cop
New York Central last levels 28 years,
Olla Mathieson Volume increased on the ad-Ons Elevators vance after dipping when prices Owen-linols Glass early in The were irregular
session.
Of a total 1,172 issues traded,
135 3000 155 The majority Of ||Allies | eludert May/June three sheets closed on firm note after at 2 cents. Four sheels out reaching their highs at the be- of Thailand was at 21 cents 508 were higher, 410 lower, gining of the week, while cut- forts had slight gains at the end of yesterday,
1.50
135
24.50 24 O
11) 13
Stor Forbyt.
3 attınalı
Laga XD 17:40 R4h!
jobs to
Come Al
14. 17 SI
1750
الله
Turnover Tay The WITH VOTOS VIET" tra $4,336,800 compared with last 175 week's take of $3.713.000. Tal
was 10 higher. five unchanged and wine lower, compared with 13 her, six Chchumped and 2550) dive tower fust werk.
INDUSTRIALS
J
2021 10:50 200
300
187
.16 20
Balty
Wat
..
34.40
535
MISCELLANEOUS
Vibya
INVESTMENTS
Yangtze Allied
في الدني
4.40
LONDON STOCK
MARKET
London, May 8.
Stock markets had an un- the spread Ground short yesterday's
settled day until
opinion
ment
that solling of British Govern- stocks has been excessivo; this drove the indiscreet bears to buy in the highly respectable gilt-edged bonds which they had told.
War
Loan,
which at one this morning was down I'me mther 7/6, recovered snortly
lover, down about .
Leading industrinis followed meen the omia paltern, closing mastly unchanged or 11}>
by a few pence,
UT
were fur more active then the blue chip industriais but reached the enme position, Royal Dutch closed changed, as British Petroleum also while Shell lost a shilling und Burmah Oil gained 1/6.
Germans enjoyed selective buying. The non-assenteds of the Dawes and Young Loans Luth galned £ while the the two-Potash nssenteds. of
£1 cach rose
The non- hasenteds of the Japanese 1910's and the Tokyo 55 per cents both wille the 1930's, Kalned
both resented and non-assented, Just 12.
Reversed
22 at offerings with further conts Three browns were done out of Indonesia, May/June at ja cents, cod and freight,
Locally, Spot No. 3 Res was quoted at 25 cents, nominal
AMSTERDAM
Was
The rubber market Isteatly. Prices closed today in gulders per kilogram, cif May
As follows:
No, rubber Nobler
Here is on Ice House Street No. 2 rubber
pla envry's account of the market; Although the Stuck Market opened the week out a steady
No cre
SINGAPORE
York Stock Exchange New volime was 2,790,000 shares.
New York Exchange bond volume was $4,410,000.
American Stock Exchange volume was 1,190,000 shares,
Dow-Jones cloying
were
Bu industrials
2 num.
No ralla
2 of buyers
15
The market opened around
to mi note with bayers pre- dominant, the position was last night's levels but at this somewhat reversed 193 the level short covering used close and the majority of steadier trend. prices were tower compared Market moved irregularly with the previous week.
morning with during the
eature to report,
There was interest In lower Budies which were being used as makut differentials, Blan- wern quiet. Bel and remita Futures: eubber per th. My 72-2
Juhu 711-721 No. 2 rubber per Jb. May 9.00 No. 3
8319-845 New. +
80-81 723-73 39.07 78-1013
Losses, Jiowever. were generally quite small although Cements lost much of their recent gifs, whilai Wharves Docks continued their downward trend with support.
316
Hongkong Lands Were active throughoul, but after displaying some strength at the beginning fell away slight ty towards the close.
In spite of fairly persistent Belling. scrip WON always
readily absorbed,
profi-taking.
to
Spot rubber unbaled... Blanket crepe No, pale crepe
LONDON
83 stocks
колок
Comm. future price index
averages
Closing Prices
Alden Toe. Ary.
Alles Chemicals
Oxford Paper Co. | Pucille Gulte.
Pan American Airways Paramount Pictures Farke Davis Co. Penny 3. Cu Penn. Salt Co. Philip Morris
Procter & Gample Co. Publicker Industries Pure Oil........
Radio Corp. Prola nagarin Republic Steel
Radio Cúrporation
Reynolds Melal
Sears, Roebuck & Co.
Shell Out Co.
Samt itex. Paper
Sinclair Oil
Feeony Mobiluti
Solar Aircraft
South Puerto Rico Sugar 40250
114 17 Southern Co. The
7.24 Southem National Ga 1501
Railway (Com.1 Standard Brands
160 50 Standard Oil of Cal
Standard Oli uf Ind
Standard ]l of NJ.
Strep Rack Toronto Exge.
Sterling Drug Co.
Stokely-Yon "Camp,
* 2015 Studebaker-Packard Corp.
704 Burline Mining
34
21
Swift & Cas
Texas Cu...
345) Textron fur
Tide Water Arsa, Dis
after.
:
Market
a decline, i
1953 steady and remained on for the first time since gradual upgrade there exporta in March showed a fall
on the previous year's Agures.
This decline of 5 per cent la All new crop deliverlea rose
with steady
New York, May 8. to seasonal highs with the May, exports compuces 1959, deilvery reaching the 374ncreases of between 8 and 9 World No. 4 sugar futures
per cent in previous years.
plored unchanged today out that The report points
to 2 points higher with this slum in West German ex-
pates of 210 contracts. foreshadowed nine ports, first
now spread; months ago, as
Domestic No. 0 sugar futures well beyond industries such as closed unchanged to one point steel, textiles and engineering, lower with sales of 60 con- which were the first to feel Ulic|fracts, general world depression.
briow the Closing slightly day's test the flat still showed net galtts of 5 to 12 points. The murket opened unchanged
Orleans up 7 points. New closed up 12 points.
tu
Unfavourable wet and cool weather over important growing areas, while sellers were cou- fious in face of an expected higher government loan rate.
Crop experta continued to em- phasise the imperative need now for a prolonged period of wurm und dry weather for best crop development.
EXPORT DIFFICULTIES
West Germany's export di culties are involving even the chemical and electrical Judus- Iries. Eitherto regarded 115 immune. Only the motor in dustry bas No fur Nearby deliveries shared Inuoyant in the face of growing The rise. The expiring. May clouds. contract rose beyond the 30% Unemployment, still around
eent ne to set a new high for
month since
a
the spot
to
March.
late
Inday Fivo delivery notlees wore mostly stopped by South- west spot Interests. Open Blay contructs were down to 10.200
Trading in the month will end on Tuesday.
The Liverpool market claved 16 poin's lower to & English
14
at bales
2.
QUAP
4712
45
16
517
151
50
Spot
points higher, or 878 to 033 American points under York futures.
New
The Commodity Credit Cor-
uoration reported protheer Jon entries lor the weck 35ended May 2 totalled 48,014
60 bales and
10
withdrawale 41.760
17 bales. The now 1958 crop loan umounted to 3,158,658
1:0
stock
94 holes.
12,300
17,300
40
Month
Volume Open interzst
May
$6,000
2000
July
20.200
13 Oct.
15,000
247.400
120:200
20,206
-the bon
MPV
in
July
4,900
103,300
Oct
10,500
Total
88,500 1,181,300 bole
NEW YORK
122)
Allied MB Inc.
ABA Chulmem
Am Brake Save
na
American Airline
175
Am. Cable & tanjo Corp.
Time Inc.
American Cyanid Co. Ainer. & Furn. Pawer Am. Gas & Elveirke Ain. baue Prod Am. Mach. Je dry. Aineican Mela American Smelling A. Sugar ter American Tel & To American Tab. "D" Anaconda Copper Armes Steel Annou
Twentieth Century Fox File
132
Union Carbide ..
4415
Union O or cal
1121
Union Partile Tailway
345%
United Aircraft
22312
United Ca. Corp.
300
3012
US Full "U"
444 US. Gypnum
207
44
The rubber murket was very steady. Prices closed today, pence per f.. as follows:
N, 1 rubber spat 21-21%
Settlement house termi
Hotels continued to be well- Kupported and advanced $19.20 before
to Jun
July/Sept. Oct./Dec. Titles also see-sawed and Jan Mike. after displayiya
further Apr/Juno
General moiketa, cif basis, potta: strength in the initial stages May eased slightly on the closing Jer Juży day.
Dairy Farms were another of fate erene this May
Exile eropa thick Ju the recent favourites to yield ground.
Hongkong Banks drified
Allan Con. Mining Baldwin-Lima-1am, Baltimore & Oil N Beneficial Finance... Hendik Aviation Corn. Benguet Cona Bethlehem Sterl Hoeing Airplane Burden (The) Co
Burrough Add Machine
Campbell Soup Co
Comedian Patine t
Celane Corp.
C. I. T. Financiel Corp.
Chase Manhat. Bank
Chrysler Motore
S. Hubber
1785 Shirting
BU.S. Sicel
Warner Bros,
47, Westinghouse Electrie
Western Union Tel. Co. "Biz | Wert Va. Pulp & Paper
"Wood Word1
Prices of cotton futures closed today as follows:
Bpot: 38.10; May: 30.06, July: 36.49-50; Oct: 37.06; Dee: 37.50; Mar: 97.00; May: 27.15; July: 38.91: Ort: 35.85.
NEW ORLEANS
Prices of cotton futures closed today as follows;
Soot: 34.05; May: 35 05: July: 30.47: Oct: -37.08; Dee: 37,30; Mar: 37.71; Stay: 31.72; July: 3091: Det: 35.54.
Cotton
LIVERPOOL
fulurc closings, In perice per lb. were as follows!
May/June.
American
Contract: 279 27.05: July/Aug. 23.20; Oct/Nov.. 25.85 Dec/Jail, 20,30; Mar/Apr.. 26.50: May/June, 20.05."
כנס
-United Press.
London Metal Prices
London, May B. Prices of metals closed todny
in sterling per long ton follows:
a
Mixed Contract: May/June, 25.38: July/Aug. 25.10: Oct/NEW.. 26.000; 'Dec./Jon.. 30.90; Mar/Apr, May/June, 27.10.
remained
the million mark, has falled to fal rapidly this year with the onset of spring. Two years ago dropped 800,000 unemployment in March. Sunday Times,
*
*
*
*
World futures trading featured
an exchange of 30 lots of July for betual Bugar. Qtherwise the situatlan was featureless, with traders still awaiting "raw market developmenty or other new incentives.
Dealers reported Holland a buyer of 3,000 tons of Cuba.is for July at a price believed to be around the current market. Canirnet No. 4 (worldz: July, 342; Seat 343: Oct. 3.40; Mar 23
May, 3.371 July, 331: Spoleta Perth, fob Cuba), 141, contracts.
Open Interest:
Contract No (doncatie)1 July, 5.70: Sept., 3.79; Oct., 6.7: Spol
rent per . cử NY ex-duty), 5.71, Open Interest: 2.171 eqnfriets.
Bulizi Preas.
P.O B-I EA
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N. CO.
~~~ ()utwards
"SALSETTE" "BUNDA" "GALMAKA”
"CORFU"
"SINGAPORE" "CARTHAGE" "SOUDAN"
Homewards "CORFU"
"BUNDA" &
"CANTNAGE"
Leaves London Salled 30/3 Holled 3/4 Salled 15/4 Gated 30/4
Due Hongkong
In Port
JOIN May
4th June
2nd June
10th, May 28th May
21st June
30th Jung
7th June
20th July
Leaves Hongkong tine Lapdea
cth Jur.
16th June
415 July
9th July
24th July
5th August
20th August
"SINGAPORE 100 July
Vla S'paro, Penang, Colombo, Bewday, Adsq m PL. Batd.
"SUNDA" and "SINGAPORE" call s'pore, P. WEL
Baid, Penang, Aden, r. Budan, r.
flavre, London, Hamburg, Stotterdam & Antwerp.
"SINGAPORE" omite P. Badan.
27.20
+
"SANGOLA" dus 10th May
SAO PAULO
Cotton cruzeiros follows:
July
future closings, ver kilo WerD
in
as
JAUS 17th May
"FULTALA” due 21st May
salis 22nd May
41.70
Other unchanged,
In the
the United States. average price of one-inch cotton
a 14 designated spot markels was 34.70 cents,
Total sales at these markets were 12,319 holes.United
912-31-44
Cu J, 1.) Co.
Cal, Tractor
312-2016
21-21% 21-214
Cluett Peabody
Colgate-Painellve Co.
0311
Tin
Bellern Press.
Colombien Carbon Co
401
Spot
750
734
Commercial Piran
5 ± ]
- t
73
-United Press.
Commonwealth Flee.
Copper
3312
Epot
51
3-month
1770
Let it lvli
May
7201
Aug.
971.
Ze let har
May
Au
-United Prest
fractionally lower in sympathy London Foreign
withi Up Inndon register
abares.
Humphreys on the
other
Hand were one of the few
gainers of the week advancing
to $18.30.
Exchange
London, May 3. Closing rates were:
281-5/16-281-7/30 Rubbers were generally New York
Montreal
2.72-0/18-2.72-7/10 Beiner with Amalgamated best Amsterdam
10.00-10.50-- Drussels supported.
Copenhagen Frankfurt MIRR I'arin Stockholm
Zurich
Ohers unclianged.-United Press.
Market Diary
Here is a market diary of the Vienne
Dollar stocks enjoyed quite a week; strong demand which lifted their premium 1 per cent
04 per cent.-Valtal Press.
Friday:
to
Monday:
Exchange Rates
Business was done in the tocat Tuesday:
exchange murket Linodictol
morning at the following rates:-
U.S. dollar (per 81)
Biosling notes (per 1)in Australian notes (per 1)... Indepen rupiaht (per 100) Barn ical (per 100) Singapura (direita)
this
BAI
7.00
In
J
Buyers again evidence." T/O: $1,320,000,
Demand for ull- tics continue."T/O; $800,000.
Prices well main- Lained. T/O: $990,-
000.
339.30-130.33
10.31-20.3
31.71-13.71%
1743-174834 1170-17
14.4074-14.49% bulin 72.50-7254
12.2334-(2.233
·
New York Foreign|
www.
Exchange
Conusitated Fatson_ Continental Dil of Del. Crown Zellertsagii Cuben Amer, Sugar Damond Alkali Plamond Mateli Co, Douglas Alrecast Dow Chemnícole Dont de Nemours
Al-Bar Fortern Fastman Kodak El Paso National Gas Family Fener Corp. Firestor
• Tyre & klubber Ford General Eletric Choral Foods General Maters Gen. Pub.
L.
Gen. Tyre & Bubber
Golly Oil
Glidden Cu
Goodrich (3. F.1 Co. Goodyear Tyre Grumman Aircraft Gulf Oil ............... Heyden Newport Corp. 1tomestake Mining Co. Jagersoll-Rond inland Steel Co. Interchemical Corp. ... Int'l Business Machiner
Int HarvEMİRY
New York, May V. International Nickel International Pepor Closing rates were!
Kat Tel Tel 1.03% Canada
2017/18 John-Manvilla Co. Pngland offelal
Kansas C. Power & Light Kannecolt Copper 19 Liggett Meyers Tob. Co. Locšbéed AUTTŢfi
00-daya 90-days Austinita How Zealand
Others unchanged United Tress.
10.13 Wednesday: Light proft-taiding: 1242
T/O: 3700,000 20:30 Turder: Market dull. T/O: South Africs
$504,000.
Yoows Incorp, Lone Star Cement Co.
New York Metal
Futures
New York, May 8. Prices of metal futures closer today in cents per lb. as follows: 2336 Lead Max
مزایا گد
Singapore Stocks
Singapore, May D. Brokers today quoted the fol- lowing stock prices:
Batu Lintang Rubber Co.
Ltd.
Borneo Petroleum Syndicato Consolidated Tia Smalter
Ord.
Opening,
01.00
470
27.
Fraser & Nesve Ltd Ord. #2.48
prer
Frane Be Neave 1 cum. $1.03
Gammona (Malaya) Ltd. 10,63h
July
10.431
Hongkong Bhanghai Bank-
Zinc
May
#.200
tx Corp...
$420
July
2.556
Hongkong Tin Ljá,
374 Copper May
23.201
Rumpas LiS.
เพ 81.521
785
21.406
Kuala Kampar Tin
Tin
May
$4.000
Lunas Itubber Estates Ltd. $1.0
.. July
Molayan Breweries .....
$3.40
-United Prego,
New Berandab Rubber Co.
Lid.
Petaling Tin Ltd.
$1,073
Irises Hotel .............
Agreed Merchant Rates sugapore Coli Kerkge
| Straits Trading
Swiss Francs Maximum Bell-trails Blessukily
Ing 75.3/10.
United Engineer Ord.
Fat German Deulachemarks Were Bo SYN ME Belting 72.
40.08
1.06
•Exrighia; † odi; 2 exal). — China
BRITISH INDIA S.N. CO.,-LTD.
from Japart
for Singapore, Penang, Rangoon Calebita
from Calcutta,
Stangoon
Singapore tor Japan
P. & O./B. I. JOINT SERVICE
th May salis 120 May
dits tith May Kalle 12th May
due 12th May walls 13th May
from Japan
Chitte-
for Singapore, Basrah, Khorramunghr, Kuwait, Dual & Karachi
from Japan
for Singapore, Bladras, Cochin,
δε Bombay
Kmachi
from Japan
for Singapore Penang, Baubegar & Bombay
"TTOLA"!
"ITHIA"
"URLANA”
*
due
EASTERN & AUSTRALIAN 5.6. CO., LTD.
“NELLORE” due 18th May, andla 20th May "ARAFURA” due 22nd May salis 24th May
Crom Australia for Japan
from Japon Fur Labuan. Bandakau. Brisbane Bydney, New Adelaide
All ventris have liberty to call of any porta qo' or off ike route à che ranie a sailings new sublic to change pramendment with or withops notise.
Ear taff particulars upply to MACKINNON MACKENZIE & GU
GA HONG KONG LIN Teliptona No. 27TH A
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