TRADE and
THE CHINA MAIL, FRIDAY, NOVEMBER 1955.
COMMERCE
SECTION
SHARE PRICES FALL LOWER
Two Setbacks This Week
HIGHER YIELDS NEEDED TO
BRING BUYERS BUYERS
BACK
By A Special Correspondent
The share market suffered two setbacks this week cutting the prices of many shares by between one and three per cent and one by six per cent. The first fall came on Tuesday. Prices were marked down sharply, largely understand, due to nervous selling by Chinese shareholders.
There was a slight recovery on Wednesday and then the second dip came yesterday. Although losses were less marked than those on Tuesday it appears that the same influences were at work.
NEW YORK
COTTON MARKET
New York, Nov. 3. Coffon prices today open- Ed higher and maislained fair-sized gains for the rest of the day.
The upward reversal, after two days of agging tennenelers m fretend tyhunlead vandete t tions, plus extra heavy produce kan impoundings and unw
sustained mand In Blac
goals in the
and heavy weight
textile market
A good par: of the antavaiy
In futures was
trade switching
dealers mover
market
recent
Riven e
Ju
Coriadate positions following the
of HOW
drop
months to sersonal jows
New Orleans interests leading buyers at the start
Dep
were
An
CAUTA th liek}q1 for nearby 131131. bhaneh suppets.
AN
Wil
Baku Blaine, new Temstens place his order as long as there Count day Peking But this tells is a good chance that prices will only half the story For the
lower.
Comises portiers
¡Esta ay we are still seeing the And the opinion brokers is of the Big Thure | But they will. They will have [: If prices stay at this lovel De market will be chronically
nk Tighter money polley
أمر
result of declining prices, weak and will drift aimlessly to
qet al te who borrowed frost,complete stagnation.
42 tiks on mernw mar
KIN to lay inves at the pruk
od fire Twedly are unable to sup j
post then purchases and this furs
Small Turnover
Much less money is coming in
opparently caused some fiquide- | from Southeast Asia than in the tira t the last few days
best six months of this year and i
almost certain that the shape revanzkert L'a exert ne
"scure money" in the trainediate future
Amparison of share prices. right of the boom early Augurst with those ruling to Cary kibow that the praverstaže Trav rasige from nine to 27 per cent with the majority betw tween 10 and 20 per cent
Prices Too High
Junkers loss that priceN tepute arient losses anart
new
* The Share Market
At A Glance ★
Share HIK Bank Untaris Wheelocks Ik Whart
HK Dock Provident Hotel
Oct 27 Nov 1 .1710 1700
950%
0.30
71349 29.20€
... 945
9.20 7in
1700 1680.
Nov 2% Nor $ down
040
9.30
D.05
20.10% 28.001
693b
70b
20%
.15.30
15.60%
18.50%
17.00b
17.50
17.70
200 *15.50% steady 17.30-800
G4
0214
0214
02
1111
110
110m 100
24.30
24
24
24% 1-300
Lights (0)
22.00
22
22.20
22
600
17.70
17.70%
17.80%
17.20 -500
42
40
4034
301
3416
33
334
334
-$25 -$14
3014 20
33%
30
3514
1014
10
19.60-400
7.15n 5.05
7.15n
7.15m
5.68b
0.85m
7.18n steady 5.851-190
Land Yaumati Tram
! Elcotrie
Telephone Cement
D. Farm Yangtze Allied
b. buyer, a seller, n. nominal, m. middle,
Standard Oil (NJ)
Lifts
Values
New York, Nov. 3.
TODAY'S
SHARE PRICES
(From Our Correspondent)
Business done on the Hong- kong Stock Exchange this morning amounted to $470,000. Noot quotations and the morning's transactions:
SHARKS BUYERS BELLERA BALES
BANKY
HK Bank
INSURANCES
Union
DOCKS. ETC. K. Whart Dock Providem
(OM) Wheelock
LAND, ETC. AK Hotel HK Lid
Really
RUBBER Trust
Them
Three-for-one stock split of Standard Oil vinuria flood of (New Jersey) sparked new enthusiasm for stocks today, lifting market values around $2,000,000,000 in one of the best gains of the year.
JA 1 week's market, only
were!
shares manage to hold
while SLN{wta Extracy
marked Tower smallest turnovers of the year, 537 million
one of the
Utilities were hit hartlest with
11.6. are still the high | Electries fosing $2.56 to close at Corel genuine investors bark $39
!!
Tek phones were $144)
Gains throughout the list ranged to more than
a point with a few issues showing much wider im-
Oils and steels led the advance. provements.
Derlings, however were high- ly restricted. Bethlehem Stoel was the bright spot in its group.
at and this pathy lower at $33 14ghts were US Cotton Acreage moved up 1% points to $148.
with which the pubbe regani cents lower at $23
Dhe ket is likely to contine as long as viesicla on server build INK and potential returns from [esponding role in the bulk
SPRODAN available for Investment
it
11-
an
I there i geing to be ni inted with export commit- Į
und 124 21 Tu Koren, and persibly covery in the market Span. Lavvapord Spoker, bought expansion of volume, which is surely an essential prerequisite. thu neushy and solet later de
the big buyers who will do i' The shall investor plays » He may help very minor role. to swell the volume of business once the recovery begins, but at
unlikely The moment he is
15.08.
CROP SPECULATION More trader. turned attention Laward the government (TM) rist to be published on Tues day, Nov. 8. The average gues
of 71 micry of the New
Exchan York
www Cotton 14,545,000 bales. The highest Ruck
and the
Was 15,439,000
lowest 13,550,000 bale-
Covering
nearly
December
coincided with a further reste-
tion
In the certitenles!
stock
Aa Une spot monk worke up
lear
Sony
cents
the average government
male DE 334
Truders
expectedt pound more entton would be iliacted Instead, the for verlineation
for stock of colon available contract delivery dropped to 11 low at 8.820 bales Conti- pared with a penk of over 8.- bou bales in July.
volume and
710 W
Trading
Interest in the Exchange today
WORLD RUBBER
PRICES
to
1 bnver FC AN depresslog today as they were at the final beil yesterday, there should be further
the {*w;4;
get Banks
The
Tegutsebion Although only smallish ir 1
changed Pands, they showed a loss of $20 mm the C. this in plt the fact that Tandon registers
been Have 198
teacy all week ni
If you want to buy shures al the moment, I would suggest sklering Providents at $15.50 und Wheelocks at just over $9.
Wheelocks Dividend
are
you are patient with Whee- locks you should do well, but you should be prepared to hoid them for a year or two. At present thry
yielding shack uvei six per cent. The j company Its dividend.
I have no kelwa what it will be but there has been a lot of talk about 1171
is about to announce j
Allotments
Washington, Nov. 3.
The Agriculture Depart- ment announced stale-by- state cotion acreage allot- ments today for the 1955
STOP.
The National allotment of 17,391,304 acres. Д- nounced Oct. 14, was divid- ed among 21 states. It is four per cent smaller than the 1035 allotment of 18,-
113,208
The allot- ment is designed to pro duce a marketing quota of 10,000,000 bales of cotton, -United Prom
In the high ol group, Stan- dard O Co. (NJ) added s points to $133.
Du Pont led its group with a gain of 1% points to $210%.
Metal shares, yesterday's mar- ket kaders, again met demand, Kennecol Copper moved up 1% points to $107% and Phelps Dodge was up more than a point.
Closing Prices
Alden Inc. Aey.
Allied Chemicals Allis Chalmers, American Airline American Metal American Smelting
LONDON MARKETS American Tel & Tel
interity which will be announced New York, Nov. 3.
closed today Rubber futures unchanged to 50 points higher with sales of 490 contracts,
The market was erratic with wide fluctuations, Futures:
37.13 35.00-30 00 34.05-05
on
at the same time ng Be
yelle
divideant. This should be some time in the next fortnight. Last
The dividend was 76 cents Profits should be up this year and next year's should be very mearb better for It is fairly common knowledge that 1955 has been one of the best years in the company's history.
Middle East
Unsettles Buyers
London, Nov. 3.
Lessened buying support
news from
China Provident shares have
been not
very
spectacular and bad this year. But that is In favour. nine
par
American bb. "D" Anaconda Copper Armee Steel Annour
Boltiwirt-Lita-Ham. Baltimore & Ohio Benguel Com. Bethlehem Steel Canadian Poville Chase Manhat Bunk Chrysler Motors Colgate-Palmolive" "Co. Commercial Credit Commonwealth Elec Consolidated Edison Continental Steel Com Products
Crane Co.. Crown Zellerboch Cuban Amer. Sugar Curtis Wright
Diamond Alkali
Eastman Kodak General Electric
General Foods
the
Dupont de Nemours
Gillette Safety Razor
Goodyear Tird
is Middle East unsettled stocks It has suffered only on the London Exchange to-General Motors
decline eent
since which
mid day, and the list closed irre quite compared with the losses shown gular with a good sprinkling
. by utilities and Cements, for of fractional losses.
Selling was brorbed by trade and August"
Futurco:
Dec
Mar.
May
apen
July
Sept.
32.90
Dec
3220
were:
Menth
Volume
Dre
0,700
Open interest
SINGAPORE
DOD
Mar
43,200
376,000
May
3.200
350,100
The
market
weakened
July
33. BAJ
221,400
Ori
23,306
153,400
13.800
€2,000
Ater Total
2.000
$7,000
| henvy qukia tion.
well short coveringi.
205 1900
1,051,000 Intes
No
rubber per 1
NEW YORK
Nov
Dec
Jan
Nu.
2
mlber
No.
34 70277
ubber per
11.30
Nuv.
32 41
per
Nov
31.27
29.37
20.72-75 213.02
Nu. 1 pair crepe
Blanket crepe
20 301
LONDON
Prices of futures, closed today
as flow?
Spot
December
March
May
July
October
December
Morel
NEW ORLEANS
Sput rubner nordsafet
in
Glidden Co.
Heyden Cheriaul Ingersoll-Rand
Int'l Burkness Machines
Int Harvester
clashes be
International Sickel
int'l Tel & Tel
Y'all Ferry
Ĉ. Light (0)
C. Lasht NI Electrio
1680 1025 031030 201005
040 PS0
TO
13.20 9.70 0.20 4400 2000
0.10
5:00 17,30
300 12 02
250 273 5000 210
90 m 200
Eter
.32
Macoo Telephone
23.00 80 23.70 100w 23 20 200 #5 100
30 DU 50031)
1100
32 1000 3215 1000 or 127
P&O B.I. E&A
COMPANIES
PENINSULAR & ORIENTAL S.N. .CO.
PASSENGER/FREIGHT SERVICE
Outwardz "CORFU" "CANTON" "CARTHAGE"
"CHUSAN"
Lenyn London
Sallon
9th November
71 December
Due Inngkong 18th November 12th December
BILL JASIDATY
16th December 14th January
Via Southampten, Port said, Aden, Bombay, Colomb, Penang & Stagapore
Bomewards
"CORFU" "CANTON"
"QARTHAGE"
**"CHUSAN”
Leaves Hongkong One London
November
10th
December
10th
December
16 January
13th January
15th February
30 January
27th February
Via Stogipote, Penang, Colombo, Bombay, Aden.
Port Bald # London
* Also Calle Marselties.
"SUNDA"
"SOUDAN"
FREIGHT SERVICE
fonds 0/10 Nav. for S'pore, P. Swetten- ham, Penang, Calumbo,
dun 12th Nov. 10 Nov.
Adon, Port Said, Genoa Marsellies, Casablanca, Havre, London, Ant- werp. Rotterdam Hanburg
from UK.
Jur Japan
With liberty to call at Delawan before or after biraits Porta and at Bombay if inducement ofera Tanks available for carriage of Oll in Bulk. Space for refrigerated cargo, Llinlies Passenger
Accommodation'.
BRITISH INDIA S.N. CO., LTD.
5th Nov. from Colçulta.
A Straits
"SANTHA"
"WARORA"
"BANTHIA”
dus
Penang
sajla Cu Nov. for Moji, Yokubama,
Nagoya de Kobo
All 10th Nov, for
salls 37th Nov,
Singapore, Cult- tagong & Rangoon for Singapore, Peumag & Calcutta
P. & 0./B. I. JOINT SERVICE
kaila
4th Nov. For Japan
5th Nov. for Singapore Cochin,
Когтет BOMBAY
104 107
21 60
600 a 21,80 1000 MF 11,70
17 10
"OKILA"
"ORDIA"
INDUSTȚIALS
Cement
34334
000 v 35!.
500 35 1000
38
"OBRA"
"ORNA”
due
aada
"OLINDA”
"OKHLA"
londs 20th Nov, for
י.
STOPES, ETC
Datry. 18.10 19.40 250 10.40
14.30
COTTONS Textiles
6.70
Singapore
Stock Market
Singapore, Nov. 1. Brokers today quoted the fol lowing stock prlees:
Botu in tatiy
Bibber
Ltd.
# 2235
Brittan
110
031
Byndieste Consolidated
Ord.
Co.
Opening
21.00 Bornce Petroleum
unquoted Smelters
20/- Fraser & Neave Lid. Ord... $1.58 474 Fraser & Neave 7157 cuni.
Tin
178
pref
30.20
Shanghal Bank-
67$
ing Comp.
1900
4734 Bangkong Tin Lid.
7/
143
Kempas 14.
$1,50
136
Lunas Rubber Estates Ltd.
120
43
Malayan Bloweries
1340
116
New Serendah
Rubber
140
Lid.
313
Petaling Tin t
$1.00
181%
Raffles Hotel
$2.45
Singapore Cold_Storage
$1.70
South British Insurance Co.
01
Ltd.
$20.00
Straits Trading
$23.75*
Strelt Steanship
813.33
3815
United Engineers Ord.
$10.2%
Weare Gron.
$2,92
*x-China Mail Spectul.
shahr de Kuwait 611 Nov. from Bombay & Karachi 9th Nov, for Japan
load 9th Nov. for Singapore, Colombo.
Karachi Bakrab, Khar- ramshahr & Kuwait
BOM-
Bingapore. BAY & Karaciil leads and Dec. for Singapore, Madras,
Colombo, Bombey Karachi
EASTERN & AUSTRALIAN S.S. CO., LTD.
"NELLORE"
"NANKIN"
loads 7, 8th Nov. tor Bandakın, BABAUL, Brisbane, Sydney, Mel- bourne & Adelaide
toads 0/701 Dec. for Sandakan, HABAUL. Brisbane, Bydney, Mel. bane & Adelaide
All vessels have liberty to call at any porta on or off the route & the route à sailing are subject to change or amendment with or without notica.
For full perliculars apply to:- MACKINNON, MACKENZIE & CO. OF HONG KONG LTD. Telephone Nos. 27721-4.
MESSAGERIES MARITIMES
P.O. Box 53 Queen's Building
FAST PASSENGER/FREIGHT SERVICE
"CAMBODGE” "LAOS"
New York Sugar | "VIETNAM"
Market
New York, Nov. 3 "INDUS" World No. 4 sugar futures to- "MEKONG"
02 day closed unchanged with sales
27
of 32 contracts,
Domnestie No. 6 sugur futures remained unchanged to 3 points mluwar with sales of 33 contracts.
100%
example (between 10 and 27 10-100%
per cent). Dividend
$1.20
Oils were shaken by reports free of tax, yielding 7.7 per of unquuted
sharp frontier gent on present rates and profit
tween lernel and
1015 Egyptian antos C. Power & Light 108%41005% has been well maintained in the
forces. British Petroleum and Kennett Copper Lockheed; Aircraft last three
Burmah were among the major Loews Incorp 103-103
$1,25 and $1.5 million.
lovers. Ruyal Dutch moved Lone Star Cement Co. 10015-1003
This company
Minnesota Maluk 1004-10034 versatile in its activities and 122-123
must do well with further ex- D1-93
pansion of trade.
The market wus steady with Priers of futures closed today | mot down 1% to 31% pence per
as follows:
Sout
December
Macchi
May
July
Ocinber
December
March
LIVERPOOL
Ib. Prices:
33.28
No. 1. Hos munt
3144-12
33,50
32.47
Bettlement house tem December
21.20
Jan/Mar,
20.30
July/Bep).
20,75
General markota, eit lasts,
20.37 21.37
November
December
3-313 31-314 304-302%
313 3-31
Запиту
Closings, American-middling,
in pence per 1. were
lows:
Old contract
Dec./Jan.
Mar/Apr. May/June July/Sept.
New contract
July/Aug.
May/June
Oct/Nov.
Egyptian Karnak
Jan/Feb.
October contracts
os fol-
Fatate crepe thin Nov, 3512 Estate crepe thick Nov...
AMSTERDAM
The market was casy,
341%
Prices
years at between
A
is extremely against the tide with a gain of Miton Development
£VA.
Outside of these two I would hesitate to recommend anything at the moment, but utilities will
Montgomery Ward Netionial Coal Reg. “° Moderate cliing hit indus-National Distillers
[National Lend trials, and
many blue chips New York Central closed with losses of about six-byn Mathieson
Otis Elevators Imperial
Chemials Prelle Gas & Ele
pence.
be worth watching if the market skidded ninegence and Rolls- Pacile Western Of
Royce lost one shilling three on Amerlent Airways
continues to fall,
Rubber shures have been with Singapore raw neglected material prices flown from 123 to 110 Straits cents a lb.
pence
Paramount Pictures Parko Davis Co. Penn, Balt Co.
Continental selling blasted Philips Petroleum German Potash Issues, which Pattburgh Plate Gi closed £4 and £5 lower. Young Radio Corporation
Republie Boel Loan non-asented dropped £1.Reynolds Metal and the assented closed by £2. Sinclair Oil ...
Un- Bocony Vacuum mostly
Standard Brande Eendard. O of tri, Standard O2 of Ind. standard Oil of NJ. Streling Drug Co. Riokrly-Van Comp.
London Foreign Japanese
Exchange
closed today in guilders per kilo-New York
Montreni
gramme, çli Nov, as follows: Amsterdani
27.40
24.00
23.00
No. 1 rubber
23.10
No. 2 rubber
No, 3 rubber
No. 1 répo
34.50
30.10
Bruseks
3.02 paid Copenhagen 3.00 paid Frankfurt
2.90 buyers Milon
3.39 nom. Unlied Press.
T'arts glockholm Zurich
Others
Press. in the new
Egyptian cotton futures market cre reported at 3,820 bales..... equal to 1,914 bales bought and ail. The now market is still in
Its early alages of development, Contracts in the American futures in October totalied $14,- 300 bules. Equal to a daily
of 13,257 bales at crago
com will10,041. heles in Murod September and 1,477 bales in August
São Paulo, cotton prices wära wlavallable—United Prosi..
NEW YORK METAL
FUTURES
Now York, Nov. 3. Prices of metal futures closel today in cents per lb, as follows:
Nov. Lend
74.876 Dec. Tia Nov.
Dec Copper, Nov.
Dec
WETH
London, Nov. 3,
clianged.
were
In gold shares, F. S. Geduld ank to a new low for the year,
British Government stocks Studebaker Packard Comp
most of the day wit! & Co. were mostly
frm at the Union Carbide
Texas Co. close.-United Press.
Union Pactile Hallway Votted Aircraft
moved ahend and
U.S. Cypman nabier
NEW YORK COFFEE│13. Empting
MARKET
New York, Nov. 3d Santos "8" coffee futures tochy, glóneck 45° to 70 pointa lowor with sales of 100
New York Foreign contracts.
Exchange
14.25h
[95,000
Canada
14.50b
Ded,
46.181
United Press,
Indi Pakistan Others
were
·Spol Santos és déclinéd 14 cent to $4 ́éenta while Colohi (binne moyõüüp 9 16 1611⁄2
Priced were:
| 17,6, #teet +2
Werner. EYDE, Wewiftubouse- Woolworth
Jeetris
Activity in the world contract developed between dealers and Domesuc other trade interests, futures eased with the lower raw market; Futures.
2015
38
7031
6511
Contract No. 4 (world)"
40.
Mar.
3.20
2016
3.20
July
321
Sept.
221
Spot-(cents per lb. fab
Cuba)
3.20
Operi interest: 2,404 contractu
May
Contract No. 8
4.39
July
1.48
Sept.
4.35
Spot (cants par ib. cit NY
ex-duty) Open interest: 400 contracts.
0,00
United Press,
LONDON METAL
PRICES
London, Nov. 3,
The in market was steadier
this afternoon. Other metals were 2016 | also steady but quiet. Prices, in Unaled "Prem
Exchange Rates
Tel: 26651
sailing Nov. 5th
sailing Dec. 3rd sailing Dec. 81st
FAST FREIGHT SERVICE
... sailing Nov. 7th sailing Dec. 9th
HONG KONG-MACAU LINE
M.V. TAI LOY
AIR-CONDITIONED ·
SPECIAL TIME OF DEPARTURE—H.K./*
FRIDAY, 4th NOVEMBER
*6.00 P.M.
BOOKING ÖFFICE
Lobby, Fu House, Ice House Street
· KEE SHIPPING & TRADING CO., LTD.
Tel. 88091 & 26719
sterling per long ton at the end THE "POST" TYPHOON MAP
of the unofficial afternoon, sosálon were he follows:
1. Opat
-month Business, was done the local Copper khorselata - eRITATIN 'market?-- Usta morning at the #ollowing su tur sales3-month
"Todorokin', naplati (pēFSS160) Marry" Slonza] (per 100)
buyers agilofa
170 and TYPHOON, TABLE
758%
Mounted $5,00 Untibunted $4.00
Giving bearing-distance and timű-dietanow for typhoons tikały t affect Hong Kong. A useful adjunct to the "Post" Typhoon Map.
$2.00 Mounted
Još Obtainable promtinagg
· 2016
Unikki Pres.
SILO SOUTH CHINA MORNING POST:
́, HONGKONG & KOWLOON