THE CHINA MAIL, FRIDAY, SEPTEMBER 28, 1955.
TRADE and COMMERCE SECTION
A VERY DULL SHARE MARKET
Prices Sag In Almost Lifeless Conditions
FEW CONSOLATIONS SEEN
By A Special Correspondent
Dull, dull, dull: that's the Hongkong Stock Exchange this week. Turnover $4,330,000-was the second lowest this year and in these sub- dued, almost
prices conditions, share
inevitably drifted downwards.
lifeless
The week closed with the following tally: six shares were steady, The ten were lower and four were higher than last week's closing rates. consolation is that losses on the whole are fractional, and the market undertone remains quietly steady.
For the optimist who is looking for a silver lining to this gloomy picture, the market brightened slightly yesterday afternoon under the impetus of increased buying pressure and three shares recorded small rises.
money you receive.
actual It is hard to say whether York may have had a depress-inst year's, in terms of this indicates a return of ing effect upon Investors.
There Is still no indication You'll remember that earlier. that the American delegation at this year the company made a Geneva la prepared to begin bonus issue of one for every That meant if you hold discussions on what are general-two.
1004
Home buying interest, Some banks report that in the last fortnight there has been a marked increase in demandi for
money firunco trade deals and Nations have decided to exclude brokers believe this may Communist Chire at least unit! have diverted funds interest from Ice Street this week.
y regarded as the basle issues 100 then you got 50 extra. On dividing the two countries, 100 shares last year you got $3 to while in New York the United free of tax on each share or $300. This year you get $375 on your 150 shares, or $75 more.
and
House
But it is impossible to draw conclusions from these Even if trade reports yet.
next year.
The two features of the week were Yaumatis and Docks.
Docks rose shurply on talk of a land sale and closed strong at $20, 50 cents up on the wock.
Yaumatis Fall
But investors apparently felt the company should have paid $3 again. Frankly I think they're hard to please.
Granlod,
the company is re- ported to be doing well this year and is expecting higher profita, bul they've also got a new which hos to building
forry be paid for.
Besides they
★The Week's Movements
Banks Unio IK Whart Wheclocks Providents
HK Dock Hotel
Landi Yaumati
72xb
TODAY'S SHARE PRICES
(From Our Correspondent)
OTL
Business
the Hongkong Stock Exchange this, morning umounted to $1,030,000, Ngon morning's quotations and the Licalings:
BDARES DUYERS SELLERS BALES
BANKS
1
JK Bank .. 1720 1730 5 1723 INSURANCES
1000
Page
P&O B.I. E&A
COMPANIES
PENINSULAR & ORIENTAL S.N. co.
PASSENGER/FREIGHT SERVICE
Cutwards "CANTON"
"CARTHAGE"
"CHUSAN"
"CORFU"
Leaves Londati Dua Hongkong Majtud
In Port
+4
17th October
J9th September
20th Oalober
14th November
11th October
Via Southempten, Port Sald, Aden, Bombay, Colombo, Panang a Singapore
Leaves Hongkong Dan London'
flamowards
"CANTON"*
23rd September
24th October
"CARTHAGE" 21st October "CHIUSAN" "CORFU"
21st November,
2nd, November
29th November.
At A Glance ★
Share
Sept 8
$1720
Sept 15 #1745
Sept 22
$1730
Up or down -$15
1015
1005
1000s
-63
76
73xb
10,80
10
8.85
10.30
16.30
10.10
28.20
2814
29
+500
18,70
18.00
18.80
100
24
04 x all steady
119
117
110
-$1
Union
SHIPPING
HK Tram Lights (0)
2436
1
24.60
2614
-100
2314
23.60
23.60
steady
DOCKS
(n)
* 18.10
18.00
18.40
K. What xb
--200
1
Dook
....... 29 20
4234
4314
48
Provident
34
344
3412
200
35
2014
874
Wheelock ... 7.00 9.00 9.30
23.30
23
22.90
+100
1000 à 9.85 3000
"SURAT"
8.20
8.10b
6.10
steady
5,80
0.80b
8.950
steady
2000 68 935
4000 be
5.85
5.90s
5,90%
steady
2000 of
18.70
18.00
19,00b
steady
500 2,85
LAND, ETC.
HK Hotel .. 18.30 Hil
Land
10 1000 $ 18.00
500 € 10.90
Electrio Telephone Cement D. Farm Yangtaze Allled Textiles Humphreys
b-buyer, s-seller, eb-ex bonus.
Tanker Boom
Helps
U.K. Shippers
London, Sept. 22.
Faced with competition from the air and from
I think foreign lines that are often State subsidised, the it under the circumstances share-leaders of the British shipping industry seem
holders have done quite well.
does improve in the next Yaumatis, on the other hand, to $116 on disappoint- few months, there should be sagged
with the dividend an- enough money in the Colony ment
have plans for The interim an- nouncement. to finance both stock ex-nounced
per developing existing services and in yesterday's paper
replicing old craft. The last was $8. change investment and now was $2.50,
shareholder, To the new import/export business.
represents a tall of 50 cents, but then the share price is also lost: lower by $50-70 since the
share- old dividend. To the holder who received a $3 pay- House Street this week, out last year and who got the events in Geneva and at the beneft of the bonus issue, this United Nations meeting in New Interim is really higher
Depressing Effect Apart from the possible diversion of funds from Ice
ས
than
New York Stock
Market
New York, Sept. 22.
Stocks gave an irregular performance today
Cements' RiseTM
doubtful of their prospects in the dry cargo and passenger trades.
Waterbost 23.10
7445 כז
.... 8415 051 600
Humphreys
Healty RUDDER
(New)
2012 19.00
Am Rubber.
Truris UTILITIES
Tram
100
400
200 05
230 2.35 0,000 «? 2.335
2.30 2.325 2000 up 2.30
12000 J
10000 23
3.33
100 @ 3.30
31.10 21.40
00 24.40
100 43 244
1000 6
500
500 ut 24.50
1000
Star Ferry
You Ferry 110 118
140
100
C. Light (0) 23.00 23.80
500
150
1000
2:00
Electric
C. Light (N) 10.40 18.50 3000 ... 422 43 3308 Масто Eleg. 11.00 12 000 Telephone 3435*3431⁄2 1000 Gṛ 3431 INDUSTRIALS
10th November 19th December
Via Singapore, Penang. Colombo, Bombay, Aden, Port Said a London *Also calls at binita.
FREIGHT SERVICE
loads 20th, Sept.
|
for S'pore, P. Swollen- ham, Penang, Colombo, Aden, Port Held, Benga Marallies, Havre, Lon don. Antwerp, Rotter dar & Hamburg
from UK, via Straila for Japan.
.
"'SHILLONG” duo 1st Oct.
Walls 2nd Oct.
With liberty to call ut Delawan before or alter Straits Porte and at Bombay if inducement offers Tanks available for carriage of Ol in Bulk. Space for refrigerated cargo. Limitest Passenger accommodation
BRITISH INDIA' S.N. CO., LTD.
All Oct. "SIRDHANA” den
saits Bih Oct.
"SANGOLA" due 5th Oct.
salls 8th Oct.
"FULTALA"
dye 7th Oct. all Bill Oct.
from Japan
for Singapore, Ponang Itangoon & Calcula from. Calcutta, Penang
Yokohama,
& Straits for
Moji,
Nagoya & Kobe
from Japan
for Singapore, Rangoon
& Chittagong
P. & 0./B, I. JOINT SERVICE
"ORDIA"
"OZARDA"
dus 24th Sept. from Karachi & Bombay
salts 25 Supt. for Japan
dne 1st Oct.
alle Zrid Det.
Ciment.... 3715 3 500
1000
1000
500
"OBNA"
1000
500
dine Bih Oct. saits 9th Oct.
500 27.09
14.40 14.80
5.75 5.00
8 8.12 2050 g 0,19
(5.95
Dalry Watson
Textiles MISCELLAN Yangtze Allied
good Cements made another
They have decided, however, that there is! rise this week sut closed 75 going to be a greatly increased demand for oil co
The only tankers. cents up at $37. other shares to rise--apart from the rubber section were Tele-
The
tonnege world tanker phones which added 23 cents to
than trebled since $344, and Wharves which rose has more $1 to $73. Lands at $041⁄2 ex oll 1939 and quite recently there
roughly steady on the week. seemed to be too much of it. Although Singapore rubber prices were down from
The long post-war boom in
Arc
on the
152
These companies carry much of their oil in their own Bwn tankers and Individually the largest tanker fleets in the world.
But they also hire a great Straits cents lb to 11914, tunkers was thought to be over; deal of independent
อ
tonnage Amalgamateds and Trusts both Many were laid up and freight and the Manager of the Bhell
higher
week, rates fell to levels that were tanker
flect has recently said ibly due to Amalgamated's | profitable only for the larger that more independent tankers fani dividend of 15 cents. The and most modern vessels.
would be welcome. inal bringe the total to
now Opinion has
a rate that means
for the year against Even
str. Closing prices: Amul
last
with a few wide moves either way and the generalgamated $2.30. p .025 on the list about unchanged on balance.
was
John-Manville Co. Kansas C. Power & Light
Trading
slightly more, Int'l Te & Te active, totalling 2,550,000 shares compared with 2,460,000 yester day:
The market opened firin, then gradually sipped back.
Industrials finished the day off 0.02 on average; there were 447 higher, 440 jower, out of 1,156 issues traded today.
| Lockheed Aircraft
Loows incUTD
Lone Star Cement Co
Mission Development
Montgomery Ward
National Cash Reg. "A" National Distillers
National Load
New York Central
Ol Mathieson
Oils Elevators
the
week, and Trusts, $3.325 up seven and a half cents on week.
London Stock Exchange
London, Sept. 22.
changed.
World oil consumption is ex- tion in liners is clear, panding at doubling every ten years and are at this rate there will in a few years' time be a grave shortage of tackers.
A number of leading com- to this panies have now come conclusion.
Shell's Plans
Is
The Shell Oil Company expected to announce a big new
Stocks were steady, und tanker building. programme
frac-shortly and an interesting now
The
Paride Gas & Elec.
Pacific Western Oil
Pan American Airways
13
most sections closed
49
tionally higher on
the Lon-
7715
1031
Metals were among the fea
coppers stocks off tures with sharply and aluminium's higher)
on news that Western Electric
Paramount Pictures Parks Davis Co. Penn. Salt Co.
Philips Petroleum Radio Corporation
Co. is planning a programme to teo Motors, substitute aluminium for copper Repubile Steel
Reynolds Metal
in telephone cable because of shell Oll Co.
prices and
1116
shortages.
Standerd Brands
development the P. & O Com- pany has announced plans don Stock Exchange today. build and operate tankers,
to
at an un-
AMERICAN
COTTON MARKETS
The contrast with the post-
In the one case many nations attempting to maintalu their own fleets
New York, Sept. 22. economic size with the aid of to rally, only to run
The cotton market today tried
into ro in tho subsidies.
newed liquidation and hedge established interests are asking selling, with the 1950 deliveries for outside help in mecting a being pushed to seasonal lows. demand that is expected to be too large for, their
re- own sources.-China Mail Special.
other, the
RUBBER MARKETS
Singapore, Sept. 22.
The market was uncertain at Industrials showed strength, This is a now venture for the 5315 and selective buying sent ImP & D. The company is one of the opening but stopdied later perial Chemicals, Ford Motors the foremost iner companies in on trade and speculative buying. good demand for and Unilever up one shilling the world, having at present here was or more,
some 60 passenger ships totall lower grades. Futures: ing 7,300,000 tons and 287 dry No. 1 rubber per 1b. Oct. 1496-14044 cargo ships totalling 4,000,000
287
$3
recurring Socony Vacuum
02
Southern Railway (Com.)
074
301.
Standara il of Cal.
Store sharag
13012
also tacker on gains, with Great Universal Stores adding sixpence
1811
Magma Copper felt one point; Miami, Copper Range, Anaconda and Kennecott more than two
Standard Oil of Ind Standard Ol of N.3. Stenting Drug Co.
points each while Inspiration Stokely-Van Camp Copper fell almost 2 points.
Studebuitor-Packard Corp. Chrysler was one of the best Swift & Co.
Texas Ch. performers today.
It began
Union Carbide strongly and closed 1% points Union Pacifle Radiway
United Aircraft higher.
U.S. Gypeum Aircrafts generally we lower, us. Line Co. Republie fell 2% points on dis-8. Tubber appointment with the dividend UB. Smelting
UB. Steel announcment. Dlls were irroW. Warner Bros.
Westinghouse Electric Now York Stock Exchango Woolworth
volumo bond
was $4,470,000. American Stock Exchange volume
was 730,000 shares.
Closing Prices
Alden Inc. Acy, Allied Chemicals Allis Chalmers American Airline American Motal American Tob. "3"
Anaconda Copper
Armoo Stocl
2414
1159
243
pence to 68/9.
Closing just above the day's bottom levels the list was off 8 The market to 19 points net. opened off to 17 points. Now Orleans closed off 10 to 18 points.
Heavier producer entrics under the loan programme act- ed to cushion the decline.
Trading volume and open interest in the Exchange today
were:
Month
October...
December... March May July Nov. 149(4-1403 | October Dec. unggeled December
March
1416-442 Total
143-140
and tone. But it has not hitherto had No 2 mabber per Ib. Oct. 14-146
No, a No. 4 | Marks and Spencers up nine-any tankers,
Spot rubber unbaled ".. The P&O Board have tle. Blanket crepe Despite limited demand, gielded to spend £37 million on No. 1 pale crepe.
show new tankers by the next five edged issues managed to
years. 8246 | gains averaging 2/0.
This decision may be taken
Oil
shares were strong, but as a sign both of the dublous weakened slightly towards the profitability of lince operations close. British Petroleum chalked
the good prospects for
and of
up a 1/6 gain and Burmah closed | tankers. Bidi 1/41⁄2 higher. Shell Transport United Pre climbed one shilling to 130,
Foreign bonds were dull, Lastics closed lower. Gold shares were alrong at times,
New York Sugar German
Market
New York, Sept. 22.
from Japan
for Singapoia, Colombo, Karachi, Basrah, Khor- ramahehr & Kuwait from Karachi & Bombay for Japan
EASTERN & AUSTRALIAN S.S. CO., LTD.
"NELLORE"
due 3rd Oct. from Australia loads 4th Det. for Japan -"ARAFURA" to15;0th Oct, for Sandakan, Brisbane,
Sydney, Melbourne Adelaide
All vessels have liberly to call at any ports on or off the route & the route & malling are subject to change or amendment with or without notice.
For full particulars apply to:- MACKINNON, MACKENZIE & CO. OF HONG KONG LTD, Telephone Nos. 27721-4.
MESSAGERIES MARITIMES
PO Box 53 Queen's Building
FAST PASSENGER/FREIGHT. SERVICE
"VIETNAM”. "CAMBODGE" "LAOS"
Tel: 26651
Balling Oct. 8th sailing Nov. 5th
salling Dec, 3rd.
FAST FREIGHT SERVICE
"MEINAM" "PEIHO"
1,800
volume open interest
25,800 147,708
$700
14,300
700.000
$42,100
D,000 457,200
5.100
200,200
4,200 128,000
3:00
200
$322200
101,500 3,045,700
United Pre
NEW YORK
New York, Sept. 22.
Prices, of cotton futures closed
1943-5519
118 34015-1001% United Proj.
today as follows:-
Spot
October
March.
Blay
'July
October December
·December
NEW YORK New York, Sept: 22. Rubber futures today closed to 30 points 5 points lower
con- higher with sales of 280 tracts.
March The market was stondier re- flecting higher Landon cables, plus the increased August con- the As regards liner operations, sumption and covering In the P&O are
Favourable
overall higher
Jap. Competition
known to have December del created
are
World No. 4 sugar futures London Foreign extremely large and pobably
closed today unchanged to one point higher with sales of 91
isk | contracts.
60
Armour
1B1%
Baldwin-Lima-1am.
13t
Ballimore & Ohio ..........
Berutix Aviation Corp.
Benguet Conn.
1%
Bethlehern Steel
103
Bosing Airplane Canodion Poole B.
Chase Manhst. Hank Chrysler Martsyym Colgate-Palmolive Co. Comunerolol Credit Commonwealth. Carsolitarbed Delaco Coam Products Cone 06.
Cuben Amer. Bubar
Curite Wright
Beti Kodak
Generat tairie
General Foods
General – Motors
·Gilleste Balety Razor Glidden O
Goodrich (B. 3) Ca.
Goodyear Tyre
Heyden Chumm col
Flomstake Mine Co. Enuresmoli-Fand
International. Nickel
Domcally No. 4 sugar futures closed unchanged to one point lower with sales of eight con- tracts.
21.60x3
32.30-60
53.83
32-73-75
3244
31.00
31.80
NEW ORLEANS,
New Orleans, Sept. 22. Prices of cotton futures closed today as follows:---
Sput October December March
Mary among some observers
соп total, however, : "was
bodause of the higher propor
of synthetic use. tion of
but turker was light,United been hard hit by the revival of Press,
competition -from
Japanese by the shipping lines on the Por Eastern routes.
Bancial resources, Their
In the focal spot market the adequate to cover any losses this
altuation remained dull with competition may be causing. factorics booking on or buying
But the P & Board must also have regard to the short-on an "as needed basis, dosiers London, Sept. 22.
their parted., Spot: No. 1 Ras were profitability 27094-2.78,11/18 || term
quoted at 49% 'cents a pound, 7.79-6/26-2,7691, business, particularly since
of their shareholders Futures: banded togelhor a fpw months *5 contest the board's polley
Exchange
New York
Montreal Although quotably unchanged, Amsterdam
Erumela dealers detected a firmer under-
Frankfurt tono in the market for world Lisbon
lab Oslo
Domcatle refiners held to the Paris sidelince, reflecting a bellet Stockholm there may be
quota increase. | Zurich They pointed out sugar distribu- tion is running about 200,000 tone ahead of
Futuros:
COMIYA NG '(world)
October
March
July
Leptember
lost your.
Spot--Coenta per 1b, fob Cuba)
DERY
10.813-10.81%.
130.26-130.33
30,00-80.06.
37.4434-17.4513 30.3011⁄2-10.3943
*United · Prem
number
w
of
The complaint of these share- holders was that the very large In amount of money employed the P&O business" was, not yielding an adequato
return
"that"
It is likely. therefore,
board welcomed the oppor
New York Foreign the
Exchange
**New Yocke!!
· September
Pember
47.30-₤3
March May July
40.78
48.40
21.00
SABO
December
$1.00
“United Proms.
LONDON
London, Sept. 22,
"The'rubber market was very andy with spot quoted at 48% pónne: por la Pri tunity offering in contere, am a marLATANTE
high profit that, would
| means 0770s time.
નનનન
July October December
March
31,80
United Praet.
Other Cotton
Markets
LIVERPOOL
Liverpool, Sept. 22. Coftar future America middling, in
́por lb. wire as follows: -
DEL/NOV,
Dep/en. MedAbr.
May/June
July/Au
penco
SPERT
...éailing Sept. 25th .. Balling Oct. 17th
HONG KONG-MACAU LINE
M.V. TAI LOY
¡AIR-CONDITIONED
DAILY SAILING
DEPARTURE HONG KONG MACAU
TIME
3.00 P.M.
3.00 A.M.
For Freight & Passage, please call: Tal. 26719 & 38091.
TAK KËE SHIPPING & TRADING CO. LTD. *FU HOUSE, HONG KONG.........
THE "POST" TYPHOON MAP
Exchange Rates and TYPHOON TABLE
Mounted: $5.00 Unmounted $4.00
ance and time-distance for typhoons likely to
alving Bearing distance
affect Hong Kong. A desful adjunct to the "Post" Typhoon Map,
$2.00 Mounte
越
Obtainable from
SOUTH CHINA MORNING
HONGKONG a KOWLOON