THE CHINA MAIL, FRIDAY, NOVEMBER 25, 1955.
TRADE and
SECTION
MOVE HIGHER WORLD PEANUT
PRICES MOVE
SHARE PRICES But Profit-taking Cuts Some Of The Gains
STEADY AND FIRM AT CLOSE
By A Special Correspondent
Many shares tacked on gains of between three and five per cent in the share market this week as buyers followed up last week's rise.
The panel at the side shows that of the 17 leading issues, not one was lower, three were steady and fourteen were higher on the week.
A share index would possibly show that with the all-round improve- ment the market had one of its best weeks since last July. And the market is now almost back to the levels of November 3.
Italy-China Trade Increased
Rome, Nov. 24.
her trade ceiling with China for the wound time i tems than one month lo-
ITALY increased
day The
On
Halian Governinent, negoliating
which
with the Peking regime for a further increase in commercial exchanges. raised the ceiling of the Italo-Chinco trade clear- ing to 120 million Swins franes in both directions,
Italy Oct. 29,
had raised the celling from 80.0
100 million Swiss francs. Italy In particularly in- terested in selling China product of texšlic industry, which is suffer- ing from a serious inter- national slump. But this
Indleated Doubtsy not
tho
willing to recognise Communist regime in China si this glago
the price for creased trade. -- United
24
Freat.
Singapore
In-
Stock Market
Singapore, Nuv, 20. Brokers today quoted the fol- lowing stock prices:
Batu Lintang Rubber L'a
Baking Corp
WIN
暴動
Profi-inkers upbearest
I feel I owe my readers Tuesday and liquidation clipped apology for the patelty of news some of the week's gains. This this week. Not only has it not followed by hesitancy un heen a particularly spectacular Wednesday and a rather dull market, but I discovered yester market yesterday but shares day that there were hardly any
losed at a fairly firm position brokers in Ice House Street. witte sellers unwilling to reduce their offers.
Brokers sal in this column last week that they fell further Hqtikdation was likely and that any recovery would bo very grannal
The Reason Why?
Concerned, I made Inquiries and was directed to the prickel nutch at Chater Road, 1 had visions of donning on umpira's
am told that Chinese incott to interview one gentleman
like to buy on a rising fielding at mid-of anaket and doubtless they will Dow be writing for fresh evidence of an upswing before deciding on their orders.
My
But by the time i gut
there the match was over and the Ice House Street
men had gone
home. The Bold is wide open
The cricket may also scegunt Favourites are still Providents for Wednesday's and yesterday's
small turnover brokers would be the admit it, of course!
and Wheelseks. With Lands, : Cements arud Duties they Eshould be the most favoured.
Wheelock's Meeting
6891
bul the Inst to
West German
1 kaow Investors when Are Derinly waiting to hear the Choviemann's report at the Whee- (luck", neeling on December 16. They are still hoping for an an- neuncement
interim dividend for 1935-56.
Lights will probably get good fast week's following support announcement of an increased dividend. ice House Street observers point out that Chinese Investors favour these
shares others Hire
thom which have a good dividend record.
Yields for these chores based OFF past
dividends or prospective this
Cementa case,
and
The Yaunatis) are Providente 8.22 index per cent, Wheclocks 0.47, Lands with a 578, Cements 10, Trams 0.7,
1936 Yaumatis 6.6. Lights 0, Electrics Hitler
and
53 and Telephones 4.8
Industry Booming
Bonn, Nov. 24. West Germany's booming in- to production soared trial
hrst postwar level In October, the Bonn Government announced today.
18
base figure of
year
Industrial production reached 223
compared 100 in The last began all-out rearming. before
This was four per cent higher than
in September this and 15 per cent higher than United Press.
year
TODAY'S SHARE PRICES
The Share Market At A Glance ★
Up or
Share
Nov 10 Nov 11 Nov 24
down
BK Bank
1000
Unions
935
1655
θάμπα
1005
+810
B15
steady
HK Whart
88
07
67
stendy
Wheelocks
8.90
8.80
6.00 +60
Providbits
14.50
14.50
14.60 +100
HK Desks Hotel
28.60%
20.80
27.80 +$1
16.40
16.80b 17.40 +000
Lahd
IS
0214
001
+62
Yaumati Lights (0)
23.60% 101
22.20
20.00
101N
105
+$4
+790
21.10
21
22.20
1.20
(h)
170
15.80
10,80
+800
Biocirlo Telephone
3724
384
30
+81
1000 1015
20 @ 1070
314
81%
3214
+700
Cemente
34
31
+230
18.20
184
18.80
+300
ats
7.15n
7
steady
(From Our Correspondent)
Businos done on the Hong- kong Block Exchange this moming amounted to $870,000. Noon quotations
the and moming's transactions:
KHARKS BUYÈRI SELARES BALES
BANKS
BK Bank
INSURANCES
ופעות
Lumbard
DOCKS, ETC
16. What Dock
53
#7.00
22 500 € A7.80
1416 14.70 1800 @ 14.00
0.03 0.33 3.000 x 1.85
3
Dairy Farm Yangtare
Indian
wirdlock
LAND, ETC UK Hotel Land
10.40
00
01 $300
1000 @ 001
Humphreys
tolly
20.10
185 100 1000 ₫ 1.85
Not
RUBBER
A
Trun
Rubber 1.02 1.873$
200
UTILITIES
23 000
Tran
21.60 Ymalt Ferry 102 100
C. Light 10) 22.107.30
4.
Light (N) in 20 10
Electric
39, 301. 500
130
100
Minewo Ele Telephone
INDUSTRIALS
C'ement
STORES, ETC
Dairy
Wate
L.. Crawford
COTTONS
Textile
Nanyang
20
112 32
0:1014 T
22888388328
Millowners
Satisfied
Manchester, Nov. 24.
PRODUCTION FORECAST UP
Washington, Nov. 24.
The United States Agriculture Department today forecast 1955 world peanut production at 12,132,500 tons,^an increase of five per cent from the revised estimates for 1954 of 11,517,500 short tons and 1953 of 11,584,500 short tons.
"The most significant increase from 1954 occurred in the United States, where production is estimated to be up 70 per cent," the Department sald in its weekly publication, Foreign Crops and Markets.
"Harvest in Africa, particu-harvest probably amount to at larly French West and British least 2,400,000 ions. A crop ot West Africa, also are expected this size, however, would be to be considerably larger than one-fifth less than average pre- last year. Production In India war production of over 3,000,000
down may be
tons. slightly and Argentina's crop (harvested in the spring of 1955) was 10 per cent below that of the previous year."
The Department's report gave the following preliminary break- down
alk country-by-country production. In 1,000 short tons.
"No material change is fore- seen in Aala's peanut production," the Department said, "Indin's crop is estimated unofficially at Country 4,256,000
tons or slightly less Burma thon lust year's
crop. India alone
for over orch Becounts thin of the total world pro- India
CROPS
1954
Re-
1955 Pre-
vised
liminary
179,2
China
-Maneburia 2,370.0
2,400.0
4,281.8 4,250.0
452.0
45.5
44.0
20.2
20.4
70.8
80.3
89.0
China Mail Special.
Indo-Chinn Indonesia Japan Philippines "China's 1955 crops in general | Formnora
hove reportedly
been beiter Thailand
The Indian cotton textile industry, duction. though it encounters little foreign CHINA competition in its large home market and is maintaining its export trade with mostan last year's, and the peanut 16062050 of its important overseas markets, docs 10032 | not appear to be entirely satisfied with its position and prospects, says The Manches- ter Guardian,
13003050
244 34, 1300 344%
18 20
1,00 18,20 1,000 m
1400
BIS B.00 790
B 1,000
1
3.80
5.00
VISCELLANEOUS
Yangtze
Alled
WORLD RUBBER
MARKETS
Cements last year poki a tolai of $4 melucing a bonus of $1.80 Obervers believe this year's the same month a year agovices, and the main interest Opening distribution might total between $3 and $3.50. understand they have done quite well this year on current indications pro- fits may be lower in 1956.
Ltd.
British
Botnen Petroleum
Syndicate
Consolidated in
Bingiters
Ord.
Frater & Neuve Ltd Onl
$160
42/41
20/- $173
Fioner & Neave 15%, cu
pre!
BA (K)
Hongkong &
Binghas
$800
Hongkong Tia Ltd.
1/03
Kempas Ltd.
#102
Lunas Rubber Estates Ltd.
34.00
Malayan Breweries
33.4214*
New Sorundali Rubber Co.
ild
01.02
Petaling Tin Ltd.
1423
Rndles Hotel
$1.45
Singapore Cold Bloruge
$1.72
South British Insurance Co.
Ltd.
$27.50
Bthat Trading
$24.00
Straits Steamship
$13.40
United Engineers. Ord.
$10.10
Wearne Bros.
⚫ed-China Mail Special.
As
mentioned last week,
Wheolocks ex dividend will be yielding 9.25 per cent on current rates,
Two Dividends
Czechs Offer Locomotives To Ceylon
The Hongkong Gas Company announced a 15 per cent Interim dividend this week. Also, Allied
Colombo, Nov. 24. Investors Corporation announced Czechoslovakia has offered to its maiden interin of 20 cents a supply Coylon with railway share for the year to March 31, locomotives
and other rolling 1930. The shares climbed 10
stock
a long-term credit cents to $50 on the news but basis, it was disclosed today. closed at $6,55, up five cents on $3.07
the week.
A spokesman for the Czech
LONDON LEAD
AND COPPER
London, Nov. 24, Morning copper
Armer. Spel
WOR
Was
on
Singapore, Nov, 24. The rubber market opened higher on better overseas on nearby of the day contred
sheet. and December No. one Future closings were: No. 1 rubber per it, Dec. 1301-1901
Jan. 123-12815 Feb. Ungoted No. 2 rubber per tb. Dec. 1915. No. 8
No. 4
Boot rubber umbaled Blanket crepe No. I pole crepe
LONDON
116-119 13715-13815 101-103 14046-241
The market was quietly steady with spot quoted at 38% pence. Prices: No. 1 Rm społ Settlement house term Jan. Feb. Jan./Mar. Apr./June July/Sept.
Jan.
AMSTERDAM
The millowners do not consider that they enjoy the full confidence of the Government and that their interests are too frequently neglected in favour of those hand-loom industry.
To avoid the cloth
in
famino In some quarters it is now being suggested the there is this winter two possibilities
of are being lively to be a shortage
considered to pro- cotton cloth in India during the hibit exports or to bring next few months. This predio imports. Both would affect the tion is reported by the Indian foreign exchange position, and ecmmmercial journal
unlikely Capital, are therefore which says that current stocks accepted.
of cloth are abnormally low and that a sellers' market has re-emerged in the piece goods trade.
Slack Season
During
of
the July-September quarter, the slack season, there is usually an accumulation Blocks cqual to approximately three months' production. This
alocks however, fallen to their lowest leves for the last seven years, and are now only equal to about three wwk'e production.
to be
London Stock Market
London, Nov, 24. had another Markets
quiet Turn- orderly day, have and very
over remained modest at 8,639 but leading bargains recorded industrials had plenty of small Exceptions were gains.
again down Rolls-Royce
2ε, and Unilever, up 25.
The increase in consumption is explained by the risps In both population and purchasing power, and the good monsoon of this year will stimulate de- mand still further.
38-3094
30-384
37-37)
344-342
842-3637
321-32
3811-31 50%
Mill production has 3712-3746
Last month I disclosed in this trade delegation now negotiating Dec.
General parkets, clf basis, parla: column that Wheelock Marden, with the Commerce Ministry
Investors and the Com-sald the Η Allied
offer was similar to Extate crepe thick Dec. monwealth Investment Company deals made with India, Turkey,
of and own about 85 per cent
Indonesia where fälgo the Gas company shorts were projects were launched on long- considering placing about 80 per term credit. cent of the Issued shares on the market.
who
Also
under discussion wa 3-month turnover
The Intention is to sell the possible Crech participation in 960 tons. Lead and zinc were shares at a price which gives a expansion of Ceylon's glass and both very steady with turnovers return of about seven or eight ceramte of 1,750 tons and 325 tons per cent n share. respectively.
In the
I learn that an antiouncement on the placement plan is now unofficial afternoon not likely to be made until next session, all metals were steady, year. Earlier It was hoped that Prices closed in sterling per long it would be inalised before the ton as follows:
Copper pot
Tho, only other market this
of interest week was
end of this year.
Buyers Sellers
384
3241
month
Feb. 1001 1004
110
10
Teb.
02
Lead 2nd half Nov.
Zine 2nd halt Nov.
13 0192 nited Pres.
LONDON PEPPER
MARKET
nowa
the
Prus.
industries
United
LONDON TIN MARKET
London, Nov. 24. The tin Market was stondy" but the officle! morning Spot Well £1⁄4% to 2778
Macao Electric's bonus issue of quiet in cre $10 share for, every, four scesion.
held. They are now quoted at and three months remained un $9,20 ex bonus Issue against changed at £700 1 $11.00 nominal last week which loaves them fairly steady.
1
Turnover Lower
Turnover was 10 tons,
Among oils Royal Dutch were active nod finally unusually closed with a net loss of
02. Other oils sterling at werd mostly up or down 6d
or less.
stocks
war
Another reason for the short- it is suggested, is to be QRD,
British Government found in the Congress polley of limiting the production of the closed mostly unchanged.
Lorn ghi cho
others or two mill industry.
been gained sterling and several falling, reading to some re-others cased the same amount. ports. This is primarily because
Continental continued sellem mills have been closing down of German bonds, Both Dawes
is stated that 20 mills
ava and Young Joan assented while months becauso their Worti
per cents lost 22. mon
could not out machinery
be Potash 6
were unchanged operated. The expectation that Japanese
the except that Tokyo Electric, both prodibelion would rise in hand-loom tridustry because of ascented and Hon-assented, rose the increased outpub of Farn £ and both issues of the and additional spinning mills 1010s lost United Press.
то
41
The market was cany. Prices have cloood in the last twoivo i potskh 7 per cents lost £1 and
diosed today in guillers per kilogram, cif Dec. as follows:
No. 1 rubber
No. 4 rubber
No. 3 rubber
No. 1 crepe
3.57 nom.
3.54 nom.
3.47 not.
3.73 tom.
United Prem
London Foreign Exchange
London, Nov. 24,
Foreign exchange rates closed
pday, as follows: New York
Montreal
Amsterdam
The uno tlal afternoon mar ket was. also quiet, Spot tih
Brülbels Frankru Copenhagen
ichben
fell ? points to £7751⁄2 and three
Turnover was 10`ions.
Milan Parla
Zurich
Other
Turnover this wack Waz lowor$4.00 million against month lost 4 to £785%1⁄2. Sockholm
$5.90 million the previous wook.
The market had three rather Closing prices in sterling per | Frem. attive daye Friday, Monday long ton were;" and Tuesday--but the other two produced just over five lakha
London, Nov. 24. The pepper market was steady but quiet. White Sarawak was quoted at 2s 83⁄4d per Ib; Black Sarawak was at 1s 10d, sellers; | each. Back Malabar indicated at 250 per hundredweight sellers,
پینے.
American Markets
Closed
-Now York, Nov, 24.
to
to
2.800-310
has not boen realized.”
The private acctor, outaitė Matiras, does not find it profit. able to set up spinning mills., Alternative
solution The long-term the problem would be to mere the restrictions on mill inchuster and allow it
Antwerp Wool Market
Antwerp, Nov. 24.
the of Trading was calm on re-wool market hára today. Tran- the saction totalled 18,000 pounds.
to Closing prices were:
expand production Australian type:
more powerlooms and
The
alternative
Government to undertake the
unprofitable
agining musk of cotting up
遇
for
Dec.
100
Abril
June
July
Aug.
Bept.
sind this courro
TOW being seriously
wocaminod Even if it i
United cepted it will take two year
Spot 775 buyers 778 sellers, busineos: 790/776.
200
London-Wooltop Market
Londbh. Nov, 24.
Exchange Rates
Closing price
Tuesday's. ldsaca
not were
3-month 786 buyers Youmati cased delete, plainess All United very swy.
10b, and Lands lost 50 cents Electrice Jost 15. potila to 894 and Cemwald 150t the ante amount to 138,TNES
phonos gazed od rents to $31, Fights 80 cents to JAR.10, and Dairy Farms 20 cents to $18.80. Other losses were negligible.
The There were minor fuptuations The principal security and in rubber share prices but they cofrimodity markets in the aldand fultly sically and firm on United Statba weyo closed today | the Week: with Hwa ma
DayUnited Press,
in observance of Thanksgiving | Briem
In
higher at 129 Strada conta a ib.
to increas the evpilability
yarn, and cloth.
MESSAGERIES MARITIMES
** Building WITH 2 SINGER/FREIGHT SERVICE-
P&O B.I. E&A
COMPANIES
PENINSULAR & ORIENTAL S.N. Co.
PASSENGER/FREIGHT SERVICE
Outwards "CANTON" "CARTHAGE” "CHUSAN” "CORFU"
Leaves London
Saßed
7th December 10th December
4th January
Due Hongkong
12th December
9th January
14th January
0th February
Via Southampton, Port Bald. Aden, Sorbay, Colomba, Petang Singapore
Homewards
"CANTON"
"CARTHAGE”
*"CIUSAN” "CONFU"
Leaves Hongkang Tas London
10th December
18th January
10th January
15th February
30th January!
27th: February
10th February
12th March
Via Singapore, Penang, Colombo, Bombay, Aden, Port said & London
* Also Calls Kinenuilles.
"SOUDAN"
"SOMALI"
FREIGHT SERVICE
loads 7/8th Dec.
for S'pore, F. Swetten- ham, Penang, Colombo, Aden, Port Suden, Pori Raid, dienos, Marseilles, Havre, London, Ani- werp, Rotterdam Hamburg
due 11th Dec. from UK. salis 13th Dec. for Japan
With liberty to call at Belawan before or after Straita Ports and at Bombay if induerment offers. Tanks available for carriage of Oll in Bulk. Space for refrigerated cargo. Limited Passenger accommodation
نام
BRITISH INDIA S.N. CO., LTD. “SIRDIANÁ” due 28th Nov, from Calcutta, Rangoon
Siralis salis 27th Nov. for Yokohama, Nagoya & Kobe
"SANTHIA"
"FULTALA”
· sulla 27th Nov. for Singapore, Penang & Calcutta mafix 10th Dec. for
Chit-
Singapore. tagang & Hangeon
P. & O./B. I. JOINT SERVICE “OLINDA":
"OKHLA”
salib 28th, Nov. for S'pore
Karachi
BOMBAY,
loads 2nd Dec. for Bingapore, Madras, Colombo, BOMBAY & Karach!
duel Doc. from Bombay Mails 10th Dec.. Før Japan .
"URLANA"
"OBRA"
!
*URLANA"
loads Bin Jan.
load 12th Dec. for B'pore, DOMBAY, Karachi Basrah, 1Char- ramshahr de Kuwait
for Spore (BOMBAY. Karachi, Bawah,- 3phoru camshahr & Kuwalt
@KASTERN & AUSTRALIAN S.S. CO., LTD.
“NANKIN”.
"EASTERN",
londs(/7th Dec. for Sandakan, “ABADE, "Brisbane, Briey, Mále
101
bane. de Adelaide'
Dec.. from Australia salia 12th Dec., for Japan Atulos
All vessels have liberty to call at any ports on or i off the route às the route & miling seo subject to change or amendment with or without nolibe.
MACKINNON, MACKENZIE & CO AT HONG KONG ITD.
If phom No