1958-06-27 — Page 9

THE CHINA MAIL, FRIDAY, JUNE 27, 1958.

Page B

Ice House St Stalemate STOCKS ADVANCE

HK Bank

Lombard

* The Share Market

At A Glance ★

+

T

Up or

May 20

70201

Jute & 7036

June 12 June 19

June 20

Down

782

795

705

steady

2Dn

206

30

201

200

sically

Union

zon

714

12

74%

4.500

Wheelock

0.10

0.15

0.25

0.20

6.20

sleady

HIC Whart

101D

105

102n

101

1017m

+800

NK Docks

415

42/4

41

4124

4314

+-31.75

Provident

11.50

12

12.20

12.30

12

+200

HK Hotels

15.40

20.70

20.90

21.20

21.80

+600

UK Lands

3214

13

3341

-3314

33

nk Realty

1.35b

1.05

1.025

1.05

1.675b

steady +2

IK TAMA

25.10

25.70

20.10

26.30

20.70

+00

Star Ferry

113n

113

112b

112b

114

$3

Yaumatis

9334

B014

071⁄2m

ов

00m

+$2.50

Ch Light

£7.50

17.10

17.80

17.00

16

+200

Electrics

27.10

21.80

28,40

28.30

2844

+-200

IK Telephone

20.30

27.10

27/40

27.40

27.70

+++30c

G. 1. Cement

22.10

23

22.00

23

23

+000

Dairy Farm

14.60

.17,20

17.40

17.00

17.50

-100

A. B. Watson

10.90

10.95

10.90

11.30

11.50m

+200

Yanglozo

5.40m

6.53t

5.76

16.80m

5.851

+++

4.40

4.605

4.50b

4.500

4.00

NE & FE Inv

10.200

10.20

10.500

10.50

10.00s

+10% 100

4.575 8.50

4.35

4.00

4.00L

845m

7.30xd

7.30

4.05bxa +50 7.70

-200

Allied

Textile Corp

Nanyang

COMMODITY

COTTON

NEW YORK

Prices of cotton futures closed

today as follows.

Sput: 30.43 July: 3.27; Oct; 36.75; Dee: 21.00: Mar: 37.23; May: 11 July: 30.20; Oct: 3434; Dec; 34,48.

NEW ORLEANS

Prices of cotton futures closed xkay as follows:

Spot: 35.10: July: 30 14; Get: 36.91: De 17 23: Mar: 37.12; May: 36.10; July: 38.30: Det: 3483) Deel 348.

Cotton

LIVERPOOL

future closings,

pence per lb. were as follows:

No. 1 spot ...........

Settlement House term:

July

AUR

Бере

July/Sept

Out fee.

Jan Mar

Apri/June

General marketa,

cit bande,

June, July and Aug

22-2200

purta: 229-221 Estate prepe thin July 2514% thick July 2UFL

METALS

NEW YORK

Prices of metat futures cloaked

cents

per

in

day m

follows:

Lend

July

cel

26.43:

Zine

July

Beyl

American Contract July/kun__2325. Det/Nov: 25.00

Dec/Jan: 20.15;

Mar/Apr:

May/June: 20.03.

Mixed Contract

Dec/Jan: 20.00: Mar/Apr:

May/June: 27.07

20.02

ولناک

Supt

Tin

July

Sept.

LONDON

PRICES

Contract No. 6 (domestic)

Sept: 5.00: Nov: 5.71 Mar: 5.56: Bpolis per lb. cử NY ex-duty): 5.75; Open Interest: 6,50 contracts,

UTI

|_ FORDIGN

EXCHANGE

NEW YORK

Closing rates were: Calenda

Tinyliss col

Australia

30-daya

00-days

New Zealand

b. as

South Alten

India

Pakistan

10.945

11000

Own

20.001

25.31

37

06.12

July/Aug: 25.07, Oct/Nov: 25.33; | Logger

RAO PAULO Prices were unavailable today. the United States, the average price of one-inch cotton

at 14 designated spot markets. was 34.85 cents,

Prices- of metals closed today

bi sterling per long ton as fol-

Total sales were 78,921 balça, |lows: -U.P.I.

RUBBER

NEW YORK

Rex rubber futures closed toe day three points lower 16 Bve points higher with sales pt 57 contracts.

Closing : July, 2015; Seat, 20 all: Nov 275: Jan 07 Ma 20.61: May, 2013; July, 2

SINGAPORE

The market opened slightly

Sonic

rased rat higher but pront-taking and federation go-

down selling Futurest

ܕ 11

Buyers Sellers

TIA

Spot

730

73045

3-month

738

Coppe

SPUL

20013

K

20024

L 201 halt

June

70%

751%

Sept

781.

UP.

Zine 2nd hall

Juma

631,

C3%

Sem.

SUGAR

New York, Jun 26.

Tutures World No. 4 sugar chaki one point lower to me

No. 1 rubber per 1b. July 2816-263y point higher! with sales of 263 No. 2 rubber per 1b. July 74-contracts.

No. 3

No. 4

Spot rubber unbaled

Hantel crepe

No. 1 pale crepe.

Aug. 70-20

LONDON

Domestic No. 6 sugar futuros į 54-61), closed unchanged to three points

Others wichanged,

LONDON

Closing rates were:

New York

Monial

Antepann

Brussels Frankfurt

Milan Ports

Stolm

Vietna Zurich

Sellers Not Keen And Buyers Reluctant

By A SPECIAL CORRESPONDENT The Hongkong Stock Exchange reached

this week a stalemate

with buyers reluctant to extend commitments and sellers holding off for higher rates. Buyers laid off as prices rose during the week to new highs this month before they edged down fractionally towards the close on light scale profit-taking.

The market is expreted to re- main in its present condition for a low. One thing that inay bust the market further is mother, reduction in the inter- est rates changed by the long- koog Big Three Banks. · This

move may come soon.

Ranks and Unions were steady

ます this week after their good 1st week

Dorks were la god demand during the week and yesterday they climbed to $13.50, a gain of $1.75 on the week. Providents were also up 20 cents on their sellers' quale ut $12.50,

Steady Pressure

HONGKONG

STOCK EXCHANGE

Our Own Correspondent

Business done on the Hong- kong Stock Exchange this morning & mounted to

$700,000, |proximately

ap-

Noon

Under steady pressure, Bufels, [quotations And the morning's

constant transactions were:

which have been

Shares Bayers setiers Sales BANKS

denmand for the past two months, rose to $21.90 during the week only Űrop ten eeuls yesterday FC Bank Ion profit-taking. Their gain for INSURANCES

the week, was double last werk's | Chlo gain of 30 cents.

In the Utilities section, all stocks had gains ranging from 20 cents for China Lights to $2 1.04-7/18

for Star Ferries, 2.00 2,70-31701

Greet With reports that 27-13/02 Island's figures for this year are 2243%

791

beiter than last year's and that their $3 dividend will most like- ly be

this year, maintaine Cements tacked on 50 cents this They week in close of $23.60. guined 40 centy last week.

"BITH

210

2301

20532-3.684

10.5722-1938

139.50-119,55

Turnover for the week

$4.31 million compared with fast million. week's total of $2.56

11.076-11084 | Tally was also up with 18 high- 2740-1241

and two er, four changed 217014-1175N 14.481-14465, lower, compared with 13 higher. 72 11-72.31

seven unchanged and four lower last week.

52013-12 22

Other unchanged.-U.P.I.

CHATTER

ON

WALL

STREET

New York, June 26.

An optimistic attitude must

be adopted towards the stock market because the support thui consistently develops provides, sufli- cient evidence that the up- ward trend line will be maintained-Van Alstyne, Noel & Co.

Caution in the market is 74-77 higher with sales of seven con-again warranted-E. F. Hutton

& Co.

09-82

16.150

The rubber market was steady with spot quoted of 2234 pence per lb. Prices:

1:avia.

Contract No. 4 {world}

Profit-Taking

81UFFING

Wheelock

K. Whenk.

ON

AGAIN WALL STREET

New York, June 26.

Stocks had another day of advance today when the railroads

sparked a recovery following an early sell off. The rails received a large portion of the tax relief Paramount Pictures

voted by the Senate when a House-Senate con- C Co. ference agreed on everything but a cut in the Phil Mor

It was ex- Pitsburn Hale Glane 10 per cent passenger fare tax. pected the House and Senate would agree to Pure the conference and that the President would die Corp, Prež. sign the measure.

hilroad gains ranged to " Heyden Newport Corp. Zionistaka Mining Co. polit and gave the rail averagtinge-il-and

than and Steel Co. afgher percentage gain the industrials which were up Interchemical Corp.

Two points in many instances. Oils, chemicals, sicela quors,

and tobaccos metals furnished good gains. Specials enjoyed a good market and many net new highs.

Rose Sharply

In Emin Machines Thit Harvester ..... Katemational Nickel International Paper Int'l Tol Tel John-Manville Co. Kaler Industry

Kansas C. Power & Light".. Kenaccott Copper

Liggett Aleyer Tot. Co. Lacicheed ATTAIT Low Incorp.

Lone Star Cement Co.

Lowenstein & Son

Trading for the market or a whole rose sharply, thanks to McDermott 1. Ray

many large blocks turning over (MeDonnell Airmat (Am.

Tidewater Stock Exge.) ... during the session. Asociated Oil had one of 17, Minnesota Mining Mezabt Kroz Corp. 500 shares.

Benguet had two Milan Development of 10,000 shares. Avco hat aMonaanto Chemiol Co. 10,000-hare calc

| Montgomery Ward and two

Motorola Inc. 5,000 along with anony 7,580, and Newmont Mining, U,200,

Railroads were helped by Natin Lead..... now high for the year in car (National Steel Corp.. loadings as well as the tax cut[New York Central legislation,

of 1:109 issues traded, $20 advanced, 291 declined and 252 held unchanged. New highs were way set by 74 Josues and new low

by 3.

DOO

70 70 1500 -

100 A

H

0.10

DOCKS, ETC.

100

104

Provident,

Dock *****

300

(0)

12.00 12.00 1500 or 221

LAND, ETC.

K Hotel 22 22,20 3500 #1 In Land. 3312 334

22

2500

231

1074

331

1523

Humphreya 10.70 10.90 Realty

1070 Amaig, 4.005 1.00 5000 es

A. Townh Strigata UTILITIES Tron

1.20 1.00

New York Stock Exchange volume was 2,010,000 shares.

New York Stock Exchange bond volume was $3,670,000.

Stock American

Exchange volume was 1,000,000 shorts.

averages

Dow-Jones closing .... 21.00 £700 2500 % 20.00

116 Star Ferry Yaul... 13 100 C. Light

1620 10.30

Aleclive

..

Telephone

the

Here is an Ice House Street observer's necount market:

of

the

Prices continued to rise on the Block Market during first half of the week in fairly but in the active trading. second half light scale profit taking caused prices to close below the best levels.

Untities were prominent Electrics. with Telephones, Lirts and Trams registering useful gains.

Hotels were again active and showed further koprovement.

attracted Hongkong Docks some attention towards the close.

Humphreys

were

#

Cemerla and also tacked on galna,

Rubbers generally shade firmer.

Market Diary

Here is a market day of the

Switch out of Coca-Cola Into July: 3; Sept: 341: Det: 0.44; | Amerleun Tobacco; out of U.S. | week: Mari Hai Maya 3.36; July: 937) Plywood into Johns-Manville; Sept: 337: Od: 941 Spelrents per out of United Engineering in- Friday: 16. fob Cuba): 3.42; Open Interest: 3,070 contracts.

110 Combuston Engineering

Meddy'#

THE SYMBOL

of

SECURITY and SERVICE

STABILITY SECURITY

BAFETY

SAVING

SERVICE

(6%

Interest Assured Ansels exceed £223,500,000 | No Risk of Depreciation

No Charger or Yera Convenient Withdrawals

DEPOSIT ACCOUNTS Internet paid without deduction of

United Kingdom income fo

Send today for "Bank Deposit Account" Bookiet No. AQ.7% from General Manager

LOMBARD BANKING

GIMITED BANKERS

Hral Offer: LOMNAND HOUSE, CURZUN STREET." FARE LANE, LONDON, WA, GRO 4111 (30 lines)

Associated Banks

LOMBARI HANKING (Ar Kat) 170. UNION BING, SINGAPORE, 1.0, BOX' 2884, T«1; 29227

A 17orld-37 Sale Basilea and Finance Ormosiation,

Technically the stock market erritinues to hold in the broad Monday: uptrend that began in April-

J. W. Sparks & Co.

A DIP

Tuesday:

Thursday:

Predominance

fraellonal mostly

T/O: gains. $1,388,000. Priers continue 10 harden

most sections. T/O: $005,000.

נ1ן

distribution

of tractional gains

28.00 $1,70

27.80 27.00

300 300 30 Industrials 100

GOU ZEM were: 2100

20 rails

19 utilities

US stocks

200 1023 1300 4 18.30 3000 tr 192 120 i 201 1012 1 2060 1200 ár 29.60 600 F 27.30 1100 21 DO

GOOG

500

20

500 279

INDUSTRIALS Cement ATOR20 235 1000 STORES, ETC. Dairy

Watsons... Lane, Craw COTTONS Textiles,

17.70 17.00 000

600

13.00

600

112 11.75

1150

10,90

4.15

1.00

0.90

JOD ..... 4.00 Nanyang.. INVESTMENTS Yangtze Allied....

LONDON

PRICES

IMPROVE

bonds www Price Index Camm, future price

Closing Prices

Allied Chemlenja Aihed Mila inc.

Allis-Chalmera

Am Brake Shoe

American Anine

Am. Cable & Radio Corp.

American Cranemki Co.

Am. & Forgs, Power

Am. Use & Electric

Am. Home Prod..... Am. Mach. & Fdry. American Metal American Smelting At Sugar fiet. American Tel & Tel American Tob. "B" Anaconda Copper Armeo Steel ........ Armour

Atlas Cons. Mining Baldwin-me-Hazi, Baltimore & Ohio Benellela Tinence Bendix Aviallon Corp. Kenquet Cons.

Bethlehem Steel Boring Airplane Borden (The) Co.

Burroughs Add Machine Callf. Packing Corp. Campbell Boup Co. Canadian Pacific R. Case (J. 1.) Co. Cal, Tractor Cenere Corp C.T. Fingial Corp Classe Monnet. Bank Chrysler Matera Chartt Peabody Colgate-Palmolive Co, Colombian Carbon Cu

Commonwealth Eler.

London, June 26. Prices on the stock market Commercial Credit improved somewhat to Consolidated Edison day, but the shadow cast Continental Out of Dal.

Crown Zellerbach by the uneasy interna-Cuba Aner. Sugar

Dionaal Alkali tional situation dis- Dlator Batch Cu.

couraged many traders.

INDUSTRIALS

in

W, R. Grace & Co. (Chemicals,

and losses. TO: Gilt-edged securities scored $1,203,000. Ocean Transportation, OL, nir-

carly gains but ปา poor conditions.response to the big Liverpool line, banking, Latin American Wednesday: Quiet trade, and atomic fuel) earings

T/O: $487,000. bond issue dampened enthusiasm expected to dip from 3,31

Turned fractionally and prices drited lower share of 1057 with recovery in

easier on light senle spots at the cloce, 1010 and bigger boost in 1900

profit-taking. T/O: $527,000, ....Minneapolis Honeywell may supplement its regular 1.60 dividend rute with a 15-cent year-and extra....International Business Machines could boost a current 2.00 cash dividend rate by next year...Pitney- Bowes may raise is current 1.00 dividerid rafo to 1.80 by next year,

another possible! plus stock distribution....Minnesota Muring & Manufacturing should cath more in 1950 than the 2.31 raise of last year and could dividend next year Hurris, A .Upm & C

Industrials word firm with steels and newspaper Lenues

Issues declined.

EUROPEAN Fending the advance. Store

Learner Stores should, corn a sumcient amount this year to insure continuation of present dividend rate-Reynolds & Co. Further upward profaces In- dicate for Minnesoin & Ontario Paper--Bache & Co.-UP,I.

The

Agreement

LOAN POPULAR

Strasbourg, Juno 26. $50,000,000 loan floated by the European Coal and Steal Community on the American market has been oversubscribed in a'matter of hours, it was learned today from sources at the High Authority.

Gold shares made the-best showing on further selcollve buying. Copper, lead and zine also ran up fractional gains.

Olls continued depressed on Mid-East uncertainties.

German bonds were firm bul Peruvian investment and finance issues retreated on news of a sharp fall in the earnings of the Peru Corp.

Dollar slocks were marked up following yesterday's sinart rally on Wall Street.-U.P.I.

Exchange Rates

Dist

The loan drive opened yes. terday. It was the second pub- lle lasue douted by the coal and

was done Is the loen$ aleel pool on Thu American elic exellange market London, June 20,

market, # previous one for morning at the following rates>~ International Wheat $35,000,000 having been offered allar (per $11.

Sterling noter Weg 213 Counell decided here today to in April, 1957, and actually ite Australies notes (per £11,

the request

U.N. Secretary-third tone concluded by The donatima tuplali (per 101 Getter! to

siam seal (per 100) convene

Singapore (traila) ference curly nenet negotiate a “possible

a con Pool in the U.S.

to year

renewnl

The first one in 1954 was

or replacement” of the Inter U.6. government and JU)

motional Wheat Agreement.

A rowed, or a fresh ago

mcut

would enter into forco when the present one expires)

Export-Import Beak lot for Agreed Merchant

$100,000,000.

The new operation brings the

Douglas Aircraft Dow Chemicals .....

Dupont de Nemours Eastern Airline Eastman Kodak Family Finance Corp. Firestone Tyre & Rubber Fan Motor .... General Dynamica

El Paso National Gal

Genel Electric General Foods

General Motors

Gen. Pah. UKJ.

gen, Tyro & Rubbe Gelty Of

alidden Co. Goodrich (D. F. Co. Goodyear Tyro

Grumman Aircraft Gulf Ou

470.01

107.11

Singapore Stocks

20

30%

Singapore, June 37- lowing stock prices:

Brokers today quoted the fo)-

Opersing

$1,80

Bijų, tantong Rubber · Co.

Fid. British Borneu Petroleu

Byndicate

Consolidated Tin Amolters

Ord.

Frusor & Neave Lid Ond, .. $4,50 Frauor & Neave 21% cun.

Cabunana (Malaya)

21ongkong

Shanghal

Balking Corp.

8.10

$4.00 63.201 $110

Hongkong TiÐ LAG.

493

14208

Kumpas Ltd.

ITARS

Kuala Kantpar Tin

*0.70 1.50

Luna Rabber Katafen L. 90.70

Lid

Malayan Breweries ...................... 14.0045 New Barandall Rubber Co.

$7.40

Petting Tin Ltd."

$3.579

10.00 $0.00

Chinm Mall

Ratesore Cold Storage.

Trading.

Btrails Blemakip Canadian Dollars Maximum Urated Engineers Ond. total amount of Joans to Selling 10%; Minimum Bayly Wearno ros

div; ↑ cumdiv, on July 31 next year-Reuter, $215,000,000.---Franco-Presse, 10% T/T, 10-13/18_0/D.'

Special

National Miscul Cu.

National Cash Reg "A" National Dairy Prod.

Norfolk & Western By North Amor. Aviation

North-west Airlines (Com.).. Olin Mathieson

Elevator

Owen-Jillots Glam

Oxford Paper Co, |Pacile Gas de 2000,

Pan American Airways

פן

*

Parke Davis Co.

Penn Ball Co.

Procter & Gamble Co.

Publicket Ilustrio Itadio Corporation

Republie Steel

Reynolds Metal

Seam, Rob

| Shell Oil

Saint Reg

Sinclair O

& Co.

Det

441 Bocony Mobil

74% Solar Airett

414 South Puerto Riu Bujar

Borthern Co. (The..

507

70

33 Southern National Gas

Southern Railway (Com-) 91% Standard Brands

Stanard Q1 of Col

Standard Off at ing. Blandari Qil of NJ. #44 Sleep Rock (Toronto Exge.)

String Drug Co.

@

74% 9wukely Vas Comp.

$ Studenker-Packans Corp 164

Bunshine Mining

331% Bwilt & Co.

Texas Co

Water Asen. Ol'

Time Inc.

13

34

| TextronTM Inc.

20%

#19

21%

31%

!!

30914

Tri-Cent Warrants

Twentieth Century Fox Film

Untus Carbide

Union Diet Cal. ...

Union Paclite Rollway

Unlied Altcraft

United Gas Corp.

60

U.3. Foi "D"

404

U.B. Oypsum

193

UR. Line Co.

51

11

U.S. Rubber

同

U.S. Steel

143

3

Ꮕ

24%

10

Smelting

Water Bros,

Westinghouse Air Brake

Westinghouse Electric

Western Union Tel. Co West Va. Pulp & Paper Woolworth

E&A

POBIE

COMPANIES

PASSENGER/FREIGHT SERVICE

PENÍNSULAR & ORIENTAL S.N, CO.

Ontwerde "CARTILAGE”

"PERIS" "SOUDAN" "CANTON" 'KBYDEE'

“SURAT *CORFU" "KARMALA”

Time weds "CARTILAGE"

13th August

Leaver London

Bailed 23/5 Salled 10/%

Die Hengkong Joth June

3rd July

Salled 10/0 25th June 25th June 7th July

22nd July 25th July

Sed July

18th August 234 Aug.

14th July

Leaves Hongkong

4th July

Bar London

5th August 25th August

In August

1xt September

18th August Buth August

24th September

"SINGAPORE" # [6!! July "CANTON"

"SOUDAN" *

"CORFU" "SURATA

3rd September

2913 September

1701 September 3rd October

Via S'pore, Proang, Colombo, Bombay, Aden & Pt. Bald.

~* "SINGAPORT", "SOUDAN" and "BUNAT" cali S'pore,

P. B'wet., Penang, Adra, P. Said, Havre, London, Hamburg, Bollesdam & Antwerp.

BRITISH INDIA S.N. CO., LTD,

"SANTHIA” In 1915

** 27th Jud

**FULTALA” doy

oth July sally Ith July

"BANGOLA" [="

4th July

valla si: July

trom Japan

for Singapore Penang. Rangoon & Calcutta

from Зарад

for Bingsport Heneng Rangoon, Onieusta Chillegong

from Calculia, Mangson, Penang & Singapore for Japan

P. & Q./D. 1, JOINT SERVICE

*PACHUMBA“dus 4th July

Balls Bin July

"IKAUNA"

due dih July suits 7th July

duo 13th July

MEMARIA"

Baila 2021 July

from Joom

for smgapore, Postr. Madre, Bombay, that- sagar de Karachi

from Janoth

for Bingapore, Kuwait Barel, Khorramshahr A Hachi

Trem Karachi, Bomber. Exchio, Singapore & Car Nicobar for Japan

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

"EASTERN" due 22nd July Jalis 24th July

Ane 131 July xalis 10th July

"NANKIN"

from Australia tor Japan

from Japan

for Labuan, Bandakan, Irisbabe, Sydney, MBI- bourne & Adelaide

All vessels have liberty to call, at aby pórte et or of the route & the rante à maliligo aru indjøct to change or amendment with uỷ witdɑüt nostre,

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

•