TRADE and
THE CHINA MAIL, FRIDAY, OCTOBER
COMMERCE
1955.
SECTION
DULL CONDITIONS ON ICE HOUSE ST.
Drift Lower
Share Prices
Prices Drift
And Turnover Falls WHEELOCKS' PERFORMANCE
By A Special Correspondent
same
Trading
It has been another dull week on the Stock Exchange.
pattern as last week and at the close of followed much the yesterday's afternoon call the market was fractionally lower on the week. Very little money came into Ice House Street this week. The total turnover for the four day-period amounted to $4,680,000.
President Eisenhower's slight relapse on Monday had little effect on prices here, though both London and New York were affected. New York losses amounted to $3,000,800,000.
in
bluc
chip I Brokers are frankly puzzled, ment interest
One utilities until prices come down. Inge at the continued dulines.
available what that Auggests
and money there is in Hongkong is
can't
Investor
for
Share
The Week's Movements....
At A Glance★
+200
TODAY'S SHARE PRICES
(From Our Correspondent)
P&O B.I. E&A
COMPANIES
PENINSULAR & ORIENTAL S:N. Co.
PASSENGER/FREIGHT SERVICE
Outwarda "CARTHAGE"
"CHUSAN"
"CONFU"
"CANTON"
Lenges London Due Bobgkong
Salled
17th October
#
19th, October
12th October
14th November
12th December
9th November
Via Nonthampton, Port Said, Aden, Bombay, Colombo,
Penang & Bingapore
Leavet Hongkong Due Londen
Momawarda "CANTRAGE"
21st
October
21st November
"CHUSAN"
2nd November
29th November
10th November
19th December
Sept 29 Oot #
Up.br Year's
Year's
down high
low
Banks
1725
1730
+$5
2200
1080
Unions
0883
975
905
HIK Whart
78
ya
02
Wheelocks,
0.75
Providents
15.90
9.90
+150
10.70
6.90
15.00
leady
17.10
11.80
HK Dock
20.70
29.90% steady
29.70
23.60
Hotel
18,00b
Land
18.50
-100
20.90
14.70
64
500
TOYS
63
Tram
24,40
Youmati
116
24.00 110m
26.90
10.00
stendr
191
105
Lights (0)
23.50
28
-300
24
16.60
Business on the Stock
(n)
18.20
17.00
→300
1920
18%
to $510,000.
43
421⁄4
40
3344
343%
35
+500
3744
29.20
375%
48
25.30
and the morning's dealings:-
SHARKS BUYERS SELLERS SALES
21.70
B
21 xd —100
7.05
20
20.20
BANKS
8.25
5.90
HK Bank
1730
10 1720
East Asia
10 £30
dus 18th Del "SUNDA"
sall 18th Oct, "SHILLONG" loads 27th Oct.
Electrio Telephone Coment Dairy Farm Yangisze
going into trade, the inference lowest prices to show that in instead of four, or five per cent.UUNI
from
being that less money has been
Colony coming into the outports in recent weeks.
13
Japan Is Planning To Settle
biame the aver. and wanting I have included in this week's being prepared to wait
even nod eight per cent panel the year's highest
However two of the six most active "chips" maneged to close
week. slightly higher on the
HK Tram which is yielding high 0.0 exceptionally
ux of utilities, with one the exception. Youmati, shures are not far below the year's peak levels.
This broker argues that it in difficult to expeel much invest are
On the whole utility
not
very
exclling
ylcellstn
and per
itself
New York Stock Market Prices
New York, Oct. 6.
Stock prices were generally lower today but there was no real selling pressure and volume fell to the lowest level in six weeks.
Alrcraft prices were fractionally lower with some leaders in the steels, motors, metals off a point or more. Industrials fell 2.95 points on average, rails, 0.51 while utilities managed to rise 0.14.
Turnover dipped to 1,690,000 shares from 1,920,000 yesterday and
smallest Was the August 22.
Of
п
issues Liggett Meyen Tob. Co.
Lockheed Aircraft
ceni manageri
fow cents
but at yesterday's close
were offering
attracting
Telephone
four
to push
higher sellers
$24.60 without
-yielding just over cent-also closed higher this week. This shore has been rising for some weeks
now but I have heard nothing In Ice House Street to account for its movements.
Hopes Of An Increase
Outside the blue chip section, the main feature at the close of the week was Wheelocks' rise to $10. It closed slightly yesterday afternoon at 89.90. The vise coincides with the return of Mr G. E. Marient from England but according to brokers the shares rose on hopes of a higher dividend.
Some Of Its Debts
Tokyo, Oct. 5.
The Japanese Finance Minister has begun a review of some of Japan's pre-war and war-time external financial obligations for their early settle- ment.
These problems include pre-war Franc bonds and compensations for Dutch civilians interned by the Japanese in Indonesia during the war.
the
lower A spokesman of the Finance Ministry said the Foreign Minis- asked the ter, Mr Shigemitsu,
Minister, Mr Hisalo Finaner Ichimade, at a Cabinet mesting a scitle- yesterday to expedite ment of these questions in interest of promotion of friend- countries on the fact that this has been ship with the foreign one of the company's best years,concerneti.
The spokesman said Japan had The general revenue position is
mediation the believed to be very sound and accepted as I mentioned company
These hopes are based largely
International Nicket
7534
int! Tel & Tel
International Paper
107
1734
since
Jahn-Manville Co.
131
Kams Co. Power & Light. Kenttecnit Copper
414
1075
to
4796
2012
62
82%
231
$3
2021
interests.
total 1,138 traded, were were 537 lower, 348 higher.
Dougins featured in the air- crafts with a gain of more than a point while Bendix, Boeing, Republie and Lockheed added fractions. Glenn Martin the day's third most active issue, sipped nearly a point on profit
taking.
In steels, Bethlehem, U.S. Steel, Inland and Youngstown
Around Sheet & Tube fell point cach.
General
Molors
Loewe Lacorp, ..... Lone Star Cement Cu
Louisville & Nakville Larwenstein & Sona Meals Iron Dorp.
Manesota Mining
Mission Development Monsanto Chemical Co. Montgomery Ward Motorola Inc
National Cash Reg. "A" National Dairy Prod. Notional Distiller National Lead Nations Steel Corp.
New York Centri
0
Olm Mathieson Ots Elevators
101 more Owen-Ilfhols Gla
than one point while Chrysler declined fractionally.
Coppers declined on an easing Bituation
Rails were mostly narrow.
Pacific Gas & Elec.
Pacifle Western Oil
Pan American AirwRYD
Paramount Pictures
Patke Davin Co.
New York Stock Exchange Philip Morris
bond volume was $3,770,000.
American Stock
Exchange volume was 780,000 shares.
opening with net
Dow Jones
averages
changes from previous day's closing and today's closing averages were as follows:
net
Reo Motota
Republic Steal
Iteynolds Metal
Shell On Co.
Sinclair Oil
bas
plan last week the worked out by a Swedish banker benciltted from last April for settlement of the higher freight and charter rates Japanese Government's four per and also repayments from the cent Frane Loan of 1010 with shipping ctal payment of about 10 million loans to Japanese
dollars. But French bondholders
'AMERICAN
COTTON MARKET
New York, Octy 6. Cotton futures dropped sharp-
ly today on evening-up opera- tions prior to the government
Monday. crop estimate next
The market opened quiet and lightly lower 06 moderate
in Many people Ice House insisted on simultaneous settle-hedging and liquidation absorbed Street claim to
friends ment have
of the Tokyo
"who know" that the company Government's
prewar
Municipal some trade buying.
Franc
Delegation Ready
is in a position to pay a little bonds. moro, but my advice is to wait until November and soc
Hotel is a little wenker. There In the B some disillusionment market over this share. was hoped that following payment of $11 million for the Street elle by Central
Pedder
the
Development Corporation Ltd,
the company might bo in u position to make a bonus issue or a cash bonus.
Not Materialised
senior
the
Ex
change this morning amounted Noon quotations
INSURANCES
Union
Lombard.... Underwriters
DOCKS, ETC. K Whart
Dock
Provident (014) Wheelock
LAND. ETC.
IIK Hotel 11K Lond Humphreys
Trom
13
10
73 731%
20.50
14
9.00 8.00 1000 @
"CONFU"
"CANTON"
18th December 15th January
via singupsro, Penang, Colombo, Bombay, Ades, Pert Bald à London
FREIGHT SERVICE
from UK via Strolle for Japan
for B'pore, P. Swettch- ham, Penang. Colombo, Aden, Port Said, Genoa Mataole, Havre, Lot- don, Antwerp. Rotter- dam & Hamburg
With liberty to call at Belawan before or after Stralia Porta aid at Bombay it inducement offers. Tanks avaliable for carriage of Oll in Bulk.- Space for reftigersted ourgo, Limited Passenger accommodation
BRITISH INDIA S.N. CO., LTD.
Bth Ort. from Japan
5th Nov.
2000 500
3000 9,83 1000
10.40 19.00
4 100 4 041⁄2
(Now) 1950 90
Realty
130
"FULTALA”
RUBBER
Am. Rubber 1.075 2,021, 20000 2
UTILITIES
24.30 1411⁄2 1200 ** 24.30 Star F
142 140 Ymati Tenry 115, is C. Light (0) 22.90°
"SANGOLA"
"SANTHIA"
salls 8th Oct.
aats 27 Oct.
Aue
500
2100
300
-
42% 42% 1000
1000 1000
Telephone .. 34 33 300 @ 30
"ORNA"
"OLINDA"
due 24th Oct,
INDUSTRIALS
Cement
0716
Поро
15:40 38 1200 7.75
"ORDIA”
"ORNA"
loads 7th Nov.
C Light (N) 17.00 14
Electric
Macao Flec
STORES, ETC.
Dairy XD 20.70 21
COTTONS
Textilen Nanyang
0 1.00
MISCELLANEOUS
Yangtzo... 7.00
Autled
B
2. 016 0.75
WORLD RUBBER PRICES
125-125%
128-13837 12374-1244 1225-123
110-17
However, liquidation increased towards mid-day forcing prices down more than $2 a bale. Some
Singapore, Oct. 8. stop-lots selling orders were If the bondholders agree to touched off on the decline. Only The market opened weak on separate
settlement of scaledown buying Was in lower oversens advices. It rallied Govenment bonds, Japan is evidence.
on short covering later and then ready to send a delegation to Some
of the loss was recover-eased off in erratic trading. ctl Tear the end of the session, Futures: Paris, the spokesman said.
The spokesman said Japan was and the 1st closed two to 30 No. rabber per ib.
October November prepared to negotiate with two points lower, (10 cents to $1.30
Dutch Government officials bale lower). Open five lower No. a rubber per m. Oct.
to arrive here this
this to six higher. New Orleans No. 3 rubber per ih. Oct. scheduled
No. 4 rubber per 1b. Oct. WECK on
damages to be paid to futures inished five to 24 points Spet rubber unbaled 125-10844 cbout 100,000 Dutch civilians,
lower.
Blanket repa
100-102 although the Dutch claim for
134-130 The sharp drop primarily re- No. 1 pole crepe United Press. 9,000 million yen £9,900,000) nocted nervousness
NEW YORK MARKET might be too large for her to ptoding government crop re
New York, Oct. 0. that Central concede.
Rubber futures today closed Development in interested in The negotiations will be based port. Adding to the uncertainty
was the estimate of a leading 25 points lower to 80 points and Sisangha on 4 gentlemen's agreement spot firm of 13,388,000 bales,
con" higher with sales of 343 between
This Hotel property but according to reached
is the lowest of
the tracts, have countries in September, 1951. my informants no offers
which private surveys so far,
Futures prices opened higher The
however, spokesman, been made yet.
bales. to 14,240,000 range up
on scattered buying, then rell Cements, having made a good denied Japanese, przs reports The official
government crop bit as much na 100 points
was renewed. September Brise in recent weeks, experienced that Mr Shigemitsu referred to 841 slight
liquidating, but came report debt to Italy profit-taking and closed Japan's war time
back to close on or around their Cabinet:2,873,000 bales. 25 (uisa the week at $374, down
Trading volume and open in highs for the day.
the Exchange today The spot market was dull with terest in
Very were:
Hla factory interest re- Open intereal ported.
materialisedh
the
two
over the
SAY!
30% 174L
27
Penny J. C, c.
Penn. Salt Co.
473%
45
Philips Petroleum
79
Pittsburgh Plato Giane
Publieker Industries
936
Pure Oll
30
hour
Radio Corporation
4422
7%
11
43
has have heard
not
417
Saint Reg. Paper
40 other Hongkong
Socony Vacuum
Opening changes closing
South Porto Rico Sugar
438.1
Southern National Gan
20 ralis..... 102.63
off 047
152.58
13 les..
up 0.10
12.80
Standard Brands
oir 0,47
103.01
Standard O of Cnt.
03.50
Standard Oll of Ind.
Standard Oil of NJ.
132.12
Sterling Drug Co.
13
Studebaker-Packard Corp.
10
p14 cents.
101.37
Swift & Co.
474
Texas Co.
407.00 Twenty Century Fox Film
Tide Water Asan. Oll
3192
274
Volume
1,500
10214
55
45
until they come 233k dollars.
high and I would prefer to wall down a A toy
up when he visited Japan shortly May to return the visit paid to Italy July former Prime Dei. by
Japan's
06,700
33,600 706,300
►
Mar
39,000
3700 1
59,400
324 300
17,300
209,200
7,800
110,700
Dec.
2,000
48,700
0300
30 industriale $50.00 off 200
07.04
1 stocks.... 183.22
40 bond...
Con. future
price index
Comm. spat
price index
Moody commodity
1
index
--United Press.
Closing Prices
Aldan, Inc. Azy,
Ailled Chemicala Alled Mills Inc. Allis Chalmer
American Airline American Cyanamido Am. Mach. r dry, American Metal American Smelting American Thi & Tal American Tob. "I" Anaconda Copper Armeo Stcai Armour
Baldwin-Lima-Harn. Baltimore & Onio Bendix Aviation Corp.
Benguet Copa..
Bethlehem Stoel
Boeing Airplane
Burroughs Add Machine
Canadian Pacific R
C. I., Financial Corp.
Cat Tractor
Celanoso Corp.
Chero Manbat. Bank
Chrysler Metorn
Colgate Palmolive Co.
Commercial Credit
Commonwealth Eles.
Consolidated Edison
Continente! Oll of Dei,
Continental steel
Com Products Crane Co.
Crown Zellerhedhi Cuban Amer, Hugar
Curtis Wright
Diamond Alkali
Dow Chemicals Dupont de Nemours
Eastman Kodak
Paso National das Kris Rakroati vegani Family Finanos Corp.,
Cenatal Electric
General Foods
·General Motors
Gen. Pub, Uti.
Killette Safety flaxor Glidden Co
Goodrich (B. 1) Co. Goodyear Tire
Horden Chemical
Homsake Mining Co. Ingersoll-Rund"
Inland Html, Co.
Interchemies
Corp.
In Businem MachineU
Inti Tarvester
Oct.
233
10s
00
M
304
Southern Railway (Com.)
Union Carbide
Union Pacific Raliway
United Aircraft
U.S. Line Co.
U.. Rubber
US. melting
U.S. 'Steel
Westinghouse Electria
West Va. Potp & Paper
Warner Bros.
Woolworth
324!
A friend asked me yesterday whether I still thought them a
at
meeting.
yesterday's Doubtful
The spokesman expressed Month good buy. In the long run, yes doubts that the Italian Foreign Oct. 1011 But at the moment they are too inister would take this question Dee
The peak this year was $40. Minifier, Mr Shigeru Yoshida, er
Since then the company has last year.
made a one for two bonus issue The debt represents an un- which cut the price roughly by favourable balance of about 48
third, So that your Coment million
47
United Press:
{1
London Stock
Exchange
London, Oct. 6. British Government stocks recorded major gains on the London Stock Exchange today.
Some gilt-edge issues, gained as much as 16/-. Old Consola rose 5/-, War Loan, 12/0, and Daltons closed 7/6 filghar.
today la around its peak monetary
ex-all
war.
In war-time yen terms remaining un-
Total
$4,500
4,025,700 balen „United Press. NEW YORK PRICES
New York, Ort: B.. Prices of cotton futures closed
share, vel. In its favour is its latitled in a "special yen" account today as follows: reasonably good yield-0.8 per in the now defunct Yokohama cent despite its high price. The Specle Bank for Japan's arms $2.00 dividend purchases from Italy during the company paid a last year with a $1.50 bonus
The only other point to bewi mentioned ls that share has be asking for payment of about risen recently under firm buying $10 million in settlement of the
reports that the debt-China Mail. Special. pressure on company has secured a big con- tract or big contracts outside the Colony.
Wait For A While
If you like Cements it might bo as well to hold your order for a few weeks, I think you'll get A pessimistic, outlook for in a better price and a better dustrials helped drive a number | investment.
this week, by of blue chips downward. Rolls Banks are up Royce and Ford Motors both | fvo dollars to $1780. Unions lost 2/-. Unilever was an ex-are a little cooler, having fallen ception, closing higher on re-973% to $975.
.The Italians are reported to
30.93
от
Spot No. 1 Rad was offered at 44% cents a pound. Futures:
Dec.
Mar
Nay
July
Sept
Dec.
-United
LONDON MARKET
London, Oct. 1 The rubber market was 'un- certain with spot quoted at 38% penct. Prices:
No. 1 Rss spot ... 90%-30% Settlement house term:
302-361
333%-30%
General markets, cit bosis, ports:
Spol
Oct.
33450 37.23
Dec. Mar.
31.96-07
30,00-31.00
Nov.
May
Dec.
July
30.30-11.
Jan./Bior.
Oct.
30A1
Apr./June
Dec.
Mar.
30.10 50.10 —United„Prem. NEW ORLEANS PRICES
New Orleans, Ort. 6.
July/Bapt.
Oct.
Nay.
Dec.
today as follows:-
Spot
Oct.
Dec.
Маг.
Moy
July
Oct,
Dec. Mor.
New York Sugar Prices of cotton futures closed
Market
New York, Oct. 6. World No. 4 sugar futures closed unchanged to one pointi lower with sales of 85 contracts. Domestic No. 0 sugar futures closed 2 to 8 points lower with j
in
sales of 41 contracts.
The 100,000-ton increase
marketing sugar l
$1.00
99.30
31.07 T 50.02 30.12-15
30.20
30.13
-United Press. LIVERPOOL PRICKĄ A
Liverpool, Oct. 4. U.5. the
Cotton
closings, future ported American and continental The whort section continues
quota late yesterday brought American middling, imperies per Arm with Wharves up slightly only light selling and small de Ib, were as follows: buying.
and both Docks and clines in the
domestic futuros Der/Jan Olle found little support and to $73%
market. Traders had anticl- Mar/Apr. May/June saned as much as 28. But Royal Providenis steady.
Rubber priced in Singapore |Dutch, a major · lover-recapfly,
time... was intetive and closed un- took rather a nos diva this pated a quota increase for some July Aur
week. Last Thursday they The world market was dull
Yesterday they
and about unchanged. Futures: were 143%. In the foreign department,
Contract No. 3 (words) 1974 Japanese bonds found support were 1264 Straits conte
in Hongkong Mar. and neglected 5 MAY July
ps changed.
shares depressed
Rubber onid tacked on guzhit up to 108.
wedále, were
with were Dawes Loan off 10s, and both a result, Potasha isques dơín 21/1 *These prices were taken Sept.
apot-teenis per 1b, fob Cube Gold whores closed, somewhat from the September edition of
the monthly share report isqued⋅ Nov. [drinar; but doppers were marić»
od down on reports of lower by the Stook. Exchange, I have Mar prices for the commodity, Ha-altered the price of a few, bet company shares, simo, cineod shares which haud rides hipher lower-United Press,
since.
Contract No, @
New contract May/June Now contract July/A
Exchange Rates
Dustwan Klony in the!!!!
323 | unofficial exchange. market-- ADİN
2+2
15.
New
morning, mi" the following, rathera Am, dollar - (pwr $1),
·Sterling nobis (per
Australian nolva
{triam: sical
3616-2835
· 3514-30
—United Premd.
London Foreign
Exchange
New York
Montreal Amsterdam
London Oct.
Brussel Frankfurt
hors Milan - Parig #sockholm
130,40
New York Foreign
Exchange
"Now York,. Oct-0.,
03.75-15/18
3/10
for Singapore, Rangoon & Chittagong
for Singapore, Penang. Rangoon & Calcutta
from
Calcutta, Penang
& Straita
salla úth Nov. for Moji,
Yokohama.
. Nagoya & Kobe
P. & O./B. I. JOINT SERVICE
dua 10th Oct. sails 11th Oct.
salls 23th Oct. mails 1st Oct.
from Karnahl of Bombay for Japan
from Karachi, Bombay
& Cochi for Japan
for Bingapore, Cochin, Borrah.
"Khorrammhahr
& Kuwait
for Bingapore, Colombo. Karachi Basrah, Khar=. ramshahr & Kuwait
EASTERN & AUSTRALIAN 5.S. CO., LTD.
"ABAFURA”
"NELLORE"
lands 10/11th Ocifer Sandakan, Brisbane & Sydney, Melbourno Adelaide
loads 8/7th Nov. for Sandakan, Rabaul, Brisbane, Sydney, Mel- bourne & Adelaido
All vessels bave liberly to call at any ports on or off the route & the route & sailing are subject to change or amendment with or without notice.
For full particulars apply lo... MACKINNON, MACKENZIE & CO.
OF HONG KONG LTD. Telephone Nos. 27721-4,
MESSAGERIES MARITIMES
P.O. Box 53 Queen's Building
Tel: 26851
sailing Oct. 9th
FAST PASSENGER/Freight SERVICE
"VIETNAM"” "CAMBODGE" "LAOS"
"PEIHO" + "INDUS"
sailing Nov. 5th · Bailing Dec. 3rd
FAST FREIGHT SERVICE
F
sailing Oct. 17th ...Bailing Nov. 7th
† accept cargo for Hamburg,
HONG KONG-MACAU LINE
M.V. TAI LOY
LAIR-CONDITIONED
DAILY SAILING
DEPARTURE
HONG KONG MACAU
TIME
3.00 P.M.
3.00 A.M.
For Freight & Passage, please call: Tel. 26719, & 38091. TAK KEE SHIPPING & TRADING CO. LTD.
FU HOUSE, HONG KONG.
THE "POST" TYPHOON MAP
and TYPHOON TABLE
Mounted $5.00 Unmounted $4.00
Giving bearing-distance and time-distance for typhoons likely to affect Hong Kong. A unafút adjunct to the "Post" Typhoon Map.
$2.00 Mounted
SOUTH CHINA MORNING. POST
MONOKOKO AZKOWLOOi
Obtainable from