TRADE
British Petrol
Dividend
Landan, Oct. 27. Brillh Priroleum 1/2+ nounces an Interim dividend free of increased
of five
tax
on
per cent ita
expital: This compares with the previous five per
tax on
She old
cent len capital United Press,
London Stock
Market
Lotion, Oct 27.
Stocks today rebounded from | weeks of worry over the supple- | mentary butiget proposals ipiro- dured yemedy an Puritament
Nen ly
healthy
stukor
ly
agreed
ייתנו !!!!
Traders
ipheral. that anti-inflation proposed bay the government were not an drastic
יות
as had been expreted. Moet o
rushed ale mot the st
opening.
Clover not al
axi only
stocks
serious negleet.
HOPE.
They
"British
THE CHINA' MAIL, FRIDAY, OCTOBER 28, 1955.-
and COMMERCE SECTION
Renewed Expansion Of World
Trade
Early Levelling
Off Followed
By Recovery
oft.
27. Washington, The
Board reported Federal Reserve yesterday that since June there have been signs of "renewed expansion of world trade."
The Board's monthly bulletin said world trade levelled off earlier in the year, mainly because several important trading countries : reduced imports when they had trouble paying for But this difficulty has been
Profit-taking sunparal at the them. day's highs toward the
close, but most industrials Sinisted resolved by mid-year. sharply
higher. Imperit
largely
The Beard said that between | 1854 and early 1956 the Bourd Chemical, Courtauldre and
mid-1955 there isak. Stewart and Lord *___mud-1954 and sizable grins.
Oils showed strength, with British Petroleum, Shell, and Burmah up about 4s.
Dellnes stocks eased
both 1 Win a rapid merease in wrote industrial production and, demand for s
Most Marked
reflecting overnight uneasiness mobilies, especially rubber and man during the first six months
In Wall Street.
Among foreign bonds, Japa- nese were idle and unchanged
United Press,
New
1954 The most marked in-
creases in the value of exports
*This Week's Movements
Hhore HK Bank
Unions
Wheelocks
HK Wharf
HK Dock
Provident
Uotel
Land
At A Glance ★
714 steady 20.208 steady 15.50
-20c 17.00b-200
Oct 13
Oct 20
Oct 27
Up or down
1695.
1000b
940
945
1710
950s
+$20
steady
0,30
9.65
0.30
256
716
71b
20.70%
29b
15.50b
18b
0356
15.70 18.10b 03
€4
Yaumati
115
Tram
24.20
Lights (0)
22.70
1125xd 24.30 23
111b
24.30
+500 རྩ་་ steady
22.00
-40c
(1)
17.60
Bectric
4114
17.80 4%
17.70
-100
42
steady
Telephone
34
Cement
37
314% 3714
3414
--35€
3014
-51
Dairy Farm Yauglxze
20.80 7.80
20.10xd
20
-100
Allied
0,05
7.15nxd
5.90
75
steady
5.05
+Go
HONGKONG STOCK EXCHANGE
Drifting
A Dull And
Share Market
By A Special Correspondent
The slight upswing in the market which began towards the end of last week continued until Monday and then share prices began to edge down again.
By yesterday, prices were almost back to the levels of October 13 and it looks as if further falls are in store,
In the fest half of 1953 the į valore af world exports World prices <xt {" com- about
grenter Although of metals, ruse sharply.
were offset
"large by these downward adjustments" in coffey were netext 101 Gennany.
late France, 2423. and tea prices in
Belgium. Japan Mexio, the bulletin said.
A Bight
supply European situation for cortain materials
In a selection of 18 leading helped boost US exports of coal, paper and putin so the total US shares, six were steady. three
and goods and services were flowing were higher
nine lower abroad in the Best six months than last Thursday's rates.
Turnover was up slightly at an annual rate of $14,000,000,- (100), compared with $12,700,000,- $4,550,000 in a week which in- 100) in the Best six months of cluded two half trading days, Young last year.
(the Monday
Chung
Inst from festival) and Wednesday.
turnover amounted to week to March only $3 million with one full-
holiday. Trading, however. was wain very dull and price movements throughout the week were frac-
York Stock Market
New York, Oct. 27.
Dividend disappointment weakened stocks in the final minutes of trading today changing early gains to sizable losses in some cases.
The main body of stocks was narrowly mixed and only moderately active with interest centring in a few special leaders- notably New York Central which touched off the late backslide when directors declared only the usual dividend, Bethlehem Steel which slumped when Wall Street got the idea directors would not declare the anti- cipated stock split.
The
Jurovec the
fears warrantedd
cluse
Bethlehem Cat Tractar
Celane Comp when after
Chase Manhat, Hank directors reported | Chrysler Mul
record curnings but declared Culgate-Palmolive Co
the same dividend as they did
in September.
Commonwealth Elev. rid Conuerint Credi
Contenidated Fallson Continenti Oll if Del.
Bethlehem lust
22% to $151 on the day here
and smped.
further
ROMBO
2
Corn Products points Cre Co. West Coast market Crown Zellerbach
after the finiscentist.
Cuban Amer Sugar Curtis Wait
New York Central fell 1 Dinond Aikat
polite to
$4435
to the day's
most active trading
Also weighing on the indus-
trial
group
With
O
Standard NJ) which rose 2% points to $131% on profil-laking after the company announced record sales and earnings.
Jersey directors meet next week for dividend action.
Best Moves One of the day's best upside olls where
moves
Ar the Wis
Houston Oll, a recent strong feature, udited another 454
$137%. points to
Dow Chemies in Dupond de Nests
Et Rexhin
Pure National Ges Ene Railroad
Family Fhance" "Cutp.
General Electric
General Fixxis
General Motor
Gen. Pub. 1.
Glidden Co...
Goodyear Tyr Heyden Chemiest
and
50
20%
4gly
14
SOPI
404
$1
US import
of goods
from October 1954
overseas, the bulletin said, rose
1950. From March to August to adjust imports were valued $5,700,000,000 right per cent higher than the same period in
195-1-United Press.
America Můst Push Cotton
Washington, Oct. 27.
day
ional.
TODAY'S
10
as
in There was some hesitancy the market on Wednesday us i Fresult of what the Stock Ex-
described change bulleth "cution pending the Chancellor of the Exchequer's autumn bud- gel." Prices were depressed slightly and dull conditions con- tinued yesterday,
Wheelocks was again the sub- Ject of much interest in Ice House Street. The dividend an- this nancement was expected
week but I failed to materialise and the share stipped down 25 cents to $0.30. A total of 18,000 shares changed hands yesterday and at prices between $0.35 $0.25.
Sen. John C. Stennis said this week after returning from a European tour that HK Banks Up government and private in-
155A
1+
43
dustry must intensify their
215 efforts
7115
to sell US cotton
40% abroad,
212
HK Bank stock was slightly The share botter this week. gained $20 to close yesterday
SHARE PRICES
(From Our Correspondent).
Business done un the Hong-
Stock kong
Exchange this morning amounted to $390,000. Noor
and the quotations morning's transactions:
BHASES BUYERS SELLERS SALES BANKA
11710
HK Bank
INSURANCES
Union Lombard
WORLD
COTTON MARKETS
Now York, Oct. 27. Cotton futures todny back-trucked after a buoyant start with trade broaden- ing out as the market moved up and down on the price. ladder.
Closing around the day's low- est levels the list finished not 2 points higher to 41 points lower,
The market opened up 1 to 9 points. New Orleans closed up 10 to off 26 points.
uncer-
Upsetting factors, traders, in- cluded the continuing tainty over future price support levels and the dubious
export outlook for Americau cotton,
The selling movement gather- cd speed in the afternoon with news of the imposition of a zall- road embargo on shipments of raw cotton.
the business was to trade switching brokers Liverpool
Much of given over operations. bought the sales of
nearbys against the inter deliveries.
Local traders, confmission houses and opti interests were on both sides,
Trading volume and open ha-
terest in the Exchange today
WCTU!
May July
March
October
December
$19,400
NEW YORK
P&O B.I. E&A
COMPANIES
PENINSULAR &`ORIENTAL S.N. CO.
PASSENGER/FREIGHT SERVICE
Outwards "CHUSAN"
"CORFU"
"CANTON"
"CARTHAGE"
Lanyon London Due Hongkang
Salled
29th October
14th November
. .. November 12 December 7 December 9th January
Via Southampton, Port Baid, Adan, Bombay, Colombo, Penang & Blogspote
Homewards "CHUSAN” "CORFU**
"CANTON"
"CARTRAGE"
Leaves Hongkong Due London
2nd November
10th November
10th December
12th January
30th November
39th December
10th January
15 Febrimiy
Via Singapore, Penang, Colombo, Bombay, Aden,,
Post Bald & London
FREIGHT SERVICE
"SHILLONG" toad: 29 20th Oct. for S'pore, P. Swatten-
"SUNDA"
"SOUDAN"
Itam, Penang, Colombo, Ade, Part Said, Genon. Marseilles. Hauro, Lan
Better- don, Antwerp. slam & tamburg
ports
Boada 9th Nov, for
Maino
"BHILLONG" due 12th Nov. from UK. walls 14th Nov. for Japan
With Uberty to call at Belawan before or after Struita Ports and at Bombay it inducement offers.
Tanks avaliable for carriage of Olt in Bulk. Space for refrigerated cargo. Limited Passenger accommodation
མ་-་་
▪8
BRITISH INDIA S.N, CO., LTD.
"SANTIUA" duo 511 Nov. from Caleutia, Penang
& Straits sal 1 Nov. for Moji. Yokohama
Nagoya & Kube
solls 11th Nov. for Singapore, Chi-
tugang Hangon
P. & O./B. 1. JOINT SERVICE
4
dur 2nd Nov. from Karachi & Bombay Am Ha 3rd Nov. for Japan
Cochin, sal 4th Nov, for Singapore.
BOMBAY, Khorram- shahr & Kuwait
December
mo
Volume Open Interesi
.
37.200 21,300
023,700
377,500
"WARORA"
27500
$47.100
16.300
223,400
0,400 134200
3,000
00,700
March Total
13.000
1,088,500 bales
Prices of futures closed today
as follows:
"OKIILA"
"ORDIA"
Spot
34.30n
Dec.
33.21
Mor.
May
32.03-03 33.13-15
"ORNA"
Loads 7th Nov,
July
20.01
Oct
20.17
"OLINDA"
Dec.
27.05
Mur.
28.60
NEW ORLEANS
Prices.ut lulures closed today
as follows:
Spot
13,510
Dec
33.17
Mat,
32.11
May
31.17
July
29.60-07
Oct.
20.30
Det
Mnr.
29.40
23,00
LIVERPOOL Future closings, American cotton middling of 15/16 inch. in pence per lb, were as follows Old construct Oct/Nov
Dec/Jan. Mar/Apr.
May/June
July/Aug.
31,70
20.40
23,30
24.45
23.00
26.20
29.GO
20.13
New contract Mny/Jun
July/Aug.
Egyptian Kaynak Jan/Feb.
Future closings, in cruzeiros
310 360
DOCKS, ETC. K. Whart Dock Provident (014) Wheelock
SAO PAULO
115.70
130 Đào 10 với
were as follows:
1500
9.30 9.30 3300 1.30
Nov.
Dre.
Mar.
2000 or 1.35
MAY
July
LAND, ETC HK Hotel HK and
RUL Humphreys Ronlty
10 10.30
374
at $1710. Unions closed steady RUDDER
The Missisippi Democrat said fat $950 sellers with a sale of A. Rubber 46e talked with US diplomats and $945 varlier in the week.
60 with foreign officials and busi-
nessmen about
Cette Safety (tazor
Trst,
134
412 Kale
37
172
112
48
30
Ingersoll-Rand
Inland Steel Cu
Interchemical Con
Int't Harvester
Int'l Business Machines
Interfintional Nickel int'l Tel & Tel Kanwas C. Power & Light There is talk Kennecott Copper
Liggett Meyers Pub. Co Lockheed Aircraft
of a stock spilt here.
The
nearly
closed
a gain
Ալ
Industrial average,
point in early trading, down 1,95. Itails turne
of 0.65 at mid-session to
a loss of 0.52 at the close. Utili-
ties held
riso of 0.16
Loews Incorp. Lone Star Cement Co. Louisville & Nashville R.
Mirabi Tron Corp.
numerous issues managed small Montgomery Ward
rains.
prospects
for In the wharf section, Hong- US cotton. Foreign kong Wharves and Docks were nations need more cotion then steady on last week's rales but down 20 Providents slipped they can now buy, he said.
coun- teems to close at $15.70 "Our prices to those tries must be competitive On the world markets; otherwise,
to lose we will continue
our
In the utility section, Trams and Electries held steady while all others were marked lower. lost
74% volume of cotton trade rater Cement in the Industrials 274 han increase it," Sen. Stennis $1 to close at $304.
414
tos said in a statement.
"Although some headway has
40% been made, private industry
must intensify its effort in sell-New
Bing and in creating
62%
24
for cotton abroad,
demands
and ut tho
495 the same time our government must make more efforts to adopt long-range policy which will
Lowenstein & Sony
Minnesota Mining
101
15
Mission Development
20
Monsanto Chemical Co.
43
Motorola Inc.
48
the
National Cash Reg. "A"
National Dairy Prod.
3832
1014
70
G322
picked up On:
and turnover
down move
for the day totalled 1,830,000 shares, compared with 7,000,000 yesterday.
Of a total 1,149 Issues traded, 503 were lower, 389 higher.
New York Stock Exchange bond volume was $3,200,000,
American Slock
Exchange
volume was 070,000 shares.
Dow Jones closing averages were; 30 Industrial
20 ralin
23 utiles
63 stocks.
40 bonda
Comm. future price index
Comm. spot price Index
Moody's Index
National Distiller# National Lond National Steel Corp.
Now York Central Olla Mathieson Oils Elevators Owen-Illinois Glass Pacific Gon & Eleg. Pacific Western Oli Pan American Airways Paramount Pictures
Parke Davis Co.
Penny J. C. Co. Penn, Salt Co.
453.37 Philip Morris.
149.03
Philips Petroleum
823 Procter & Gamble Co. (01.30
Pittsburgh Pale Glas
DR.50 Pablicker Industries
151,20
15000
Closing Prices
+
Alden Inc. Ary.
Allied Chernicals
Allied Mila Inc.
Allis Chalmers
American Airling
American Cyanandde Co.
Ain. Mach. & F dry.
American Metal,
American Smelting
Am. Sugar_X}et.
American Tel & Tel
American Tob, "1"
Anaconda Copper
Armoo Steel
Armour
Haldwin-Lima«Ham. Halilmore & Ohio Benguet Cone,
Beintehem, Bise Harden (The) Co,
3tervenasha And Machine Comediary Pacific R FORT, Firmelated · Corp:
22
1074
Pure Ol
Radio Corporation
Republic Steel
Reynolds Metal
Saint Itc. Paper
Sinclair O!!
Socopy Vacuum
Bouth Porto Rico Sugar
Southern National Goa
Sundard Brande
3012 Blandard all of Cal
Aard Oil of Ind.
zaji Mandard Dil of NZ.
的
Biering. Drug Co.
Ftokely-Vans "Chint
Studebaker-Packard Comp
Swift & Coi
Texas Co.
Tide Water Aoen, Öst
Twenty Century Fox Film:
Union Carbide
4016 | Union Pacino Railway
143 | United) Airerazi
131, U8. Gypsum
Ua, Robber
18US. Steel
633- | Warnse. Bros.
25 Wethzuse Doctio 31% - Woodworth,
19 come to grips with this prob
lem," he said
Adverse Effect
York Sugar Market
World No. 4
New York, Oct. 27.
sugar futures closed today unchanged with no sales reported,
220.50
מכוב!
unquoted
30.00
20.70
3107
In the United States, the Javerage price of 15710 middling
200-02 39,10 400 60 107 or 371% cotton ut 14 designated spot
1000 * 5000
2.75
1.00
Trusi
UTILITIES
Tram Y'inati Ferey 13 14 C. Light (0) 22,5
24.20
100 3 2200
500 22.50
17.70
C. Light (N) Electric
Telephone INDUSTRIALS
13 42% 1000 $2 2, M2, 2000 với cá
Cement...... 3012
Rope
Metal Indust,
STORES, ETC.
37 2700 $ 3015
500 of 35.13
17.40
10000
1,25
1200 @ 3.25 000 Gr 2.25
200 3.23 LADO W 2.20
19,09 20.30 500 g 20
14.70
Detay ... Watsont COTTONS
Nanyang MISCELLANEOUS
Yangieze XD Allied
* $.00
8.40
تازه
Domestic No. 6 sugar future General Motors
of 67
con
44 Jack
"I believe that not only the closed 2 points lower to 1 point
of competitive prior but higher with sales
of the uncertainly
the tracts. United States polley has been of quite adverse to the sale
"colton_abroad," he 1715 American In added.
53%
401 011
41
DEP
2014
43
Dealings in the domestic con- tract between trade interests lackod
special feature.
Contract No, A. (world)
that Futures: Sen. Stennis also sald 9ccatain strategic areas much as 441/2
by Greece must be defended 70% collective effort of the
free March
May world because they cannot curry
July own September burden of their
pot-teente por ib, Cob Cuba) 326
Open interest: 1992 contracta,
BIA the
35
defence.
43
US He' said' construction of
40% bases in Spain is proceeding Contract No. 6 (domestic) 40eatisfactorily and
"within less Marolt
15 than a year operations will be May.
Báč (possible at some
29 United Press.
100%
of them."— July
London Foreign
Exchange
New York
Montreal Amatordam
Brussel 00 Copenhagen
London, Oct.
19.33-19.33 11.7271-11-7276
Sales Record
markets was 11.35 cents.
totalled 62,379
United Press.
Sales
contracts.--
WORLD RUBBER PRICES
New York, Oct. 27. Rubber futures closed today 5
to 20 points with sales of 251 contracts/
Mixed trading between dealer Interest on the terminal market included
sizable amount transferring between March and December at 185 and 100 points difference.
of
The spot market ruled duli. Among the few sales reported were some April-June one sheet at 30 cents a pound, landed.
Spot No. 1 Rss were quoted at 43 cents. Futures:
Dec.
Mar.
May
July
Sept.
Oct.
SINGAPORE
42.20-25
40.50
38.75 KYL AS 30.35
The market fluctuated nar- rowly with trading on a moder- ate scale. Fulture closings were: No. I rauber per. lb. Nov. 12334-121 Jan unquotand
New York, Oct. 27. General Motors Corp. set new historic marks for sales and eamings for tiny privately- tho owned
in. corporation world in the Brst three qu
quarters of 1935.
Its nine months anles ap-
No; 2 rubber për Ib. Nov, 1835-1923, proached $10,000,000,000 and No pasa
118-215 its earnings approached. $1,000,- No.
Spot rubber unhaled ".. 12315-12345 Blanket crepe...
130-150
1
and the basis of sales
.:
6.35 Porniams, the trend of whNo, 1 pale greno
5.42
851
LONDON
1014-1021
is continuing,, as the company The market was barely steady
5.67 enters full scale production on with spot quoted at 351⁄2
now moduls sales i may exoved per ib. Prices:
Beptember Bpol-(cents per lb. elf NY
ex-duty) Open interest: 399 contracts,
-United Press.
S'pore Markets
Closed Today
Frankfurt
Singapore Oct. 27.
44.
Do
Parla
Stockholm 199, tak si
Other rere tinchanged."k
5.50 $12,000,000,000
ID 201,20,001). All Singapore marketa, except
-tin,) will "bo ́closed-tbmorrow;
2015 Zuriedkar VISKIE LA-1231fk | October 28; -1(Prophet” » Modam-
and gornings No. 1 Ras, apot Sonde
| year.—United Presale
Bottemorit house term: N may roach the staggering total Apr/June of $1,200,000,000 for all of the
all of this: July/Seut.vtff:0x2122;
General markets, cit bials, por November.
JARTY
“Katate · grupe : dilet
Homber
Exchange Rates
dollars (DET
Now foreign excha rates mod's birthday) China (Mail Indokwder suplai Xper (Werend, received-Unlied "Press, Special
idjam·ticals (per 100)
quoted
for Singapore, Colombo. Karachi Bauh. Khar ramabahr & Kuwait
Singapore. BOM- BAY & Karochl +
Tunda 28th Nov. for
EASTERN & AUSTRALIAN S.S. CO., LTD.
"NELLORE”
loads 6/7th Nov, før Sandakan, BABAUL,
Brisbazio, Sydney, Mel- bourne & Adelaide
C
All vessels have liberly to call at any ports on or off the route & the route & salling 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
P.O. Box 53 Queen's Building · Tet: 26851
FAST PASSENGER/FREIGHT SERVICE
"CAMBODGE"
salling Nov. 5th
"LAOS" "VIETNAM”
sailing Dec. 3rd
salling Dec. 31st
FAST FREIGHT SERVICE-
"INDUS”. "MEKONG"
sailing Nov. 7th
sailing Dec. 9th
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: Tel. 26719 & 88091.
TAK KEE SHIPPING & TRADING CO., LTD. Booking Office: Lobby, Fu House.
THE “POST" TYPHOON MAP
Mounted $5.00 Unmounted $4.00
and TYPHOON TABLE 194 Jolving bearing-dlatatice and time-distance for typhoone likely to affast Hong Kong. A urnful adjunct to the "Post" Typhoon Map.
$2.00 Mounted
Obiginalyle from
·SOUTH CHINA MORNING/POST
HONGKONG & KOWLOON',
01