THE CHINA MAIL, FRIDAY, DECEMBER 9, 1955.
TRADE and
COMMERCE
SECTION
A BETTER WEEK FOR SHARES London Stocks New York Sugar
Docks Rise $2 On Reports
BALANCE SHEETS REVIEWED
★ The Share Market
Share
At A Glance ★
Up or down
steady
150
Of Hunghom
Land Sale
Nov 17 Nov 24
Dec 1
NK Bank Unions
1455
915xd
1065 915
2005
Dec 8
1080
+$20
015
915m
HK Wharf
#T
07
72
710
Wheelocks
8.80
8.85
8.30xd
—ཐ་
5.15
I'rovidents
14.50
14.80
14.40
IK Docks
28.80
24.50
27.80
27.80
29.70
Hotel
Land
16.800
steady -+-$1.90
17.40
17.10
17.30
6015
main
23.20
$2.01
22.60
22.80
-50e
--300
101. 21
103
102
102
22.20 22.20
(n)
15.80
16.00 10.40
3811
30
3011
38
1-200
31
3211
3144
32
+250
34
MA
33
34
18%
18.50
7
1834
18.30
+250 -200
6.800
猛な
~300
By A Special Correspondent
even keel this week and the The share market kept on an feature was the spirited rise in Hongkong Docks on reports that the sale of the company's land at Hunghom had at last been completed.
one
About 23,000 shares changed bands during the week and at stage they were $2 above last Thursday's rates. They closed yesterday $1.90 up on a turnover of almost 14,000 shares, almost half the day's total volume of business.
Brokers report that there has been a slightly firmer undertone this week and better sentiment resulted in a slight increase in business-up from $2.6 million last week to $3.4 million.
at
The tally of 17 regularly The. I understand, is largely į Taty Cut the marke! Fratel sares how that Cemit
interest in the Japanese loans. news this week. The trend tenda
To suprise as far as 1 was br
pinions concerned -- and I hear it caused stoled here last week that dull- simpelse to sharehollers as well
riskely to continue until -was the increase in the bank after the new year.
were steady, seven were higher n six lower than the previous week
Company reports got a mixed reception Bus week The China overdrafts Light balance shiver Wits well | 168 000 Tex recelvrd
Brabsence
shent
{sceuroa) $12.882.208.
The
Meagre Titbits
Bul hole
credit
go much
lower
Tue
Tram Yaumati Lights (0)
Eltetrio Telephone C'ements Dairy Farm Yougtsze
+20€
sieady
21.40xd steady 18mxd +10%
New York Stocks Break Through
New York, Dec. 8.
Stocks, for the first time in the 11 weeks since
|N.Y. COTTON FUTURES
IN RALLY
Firm But Quiet
London, Dec. 8. Stocks were mainly firm
and quiet on tho London
were shares
of
Market
New York, Dec, World No. 4 sugar closed today
futures
1 point higher with sales of four contracts,
Domestic No. 4 sugar closed unchanged to 2 points lower with sales of B7 contracts.
Both markets ruled quiet
Contract No, & (world)
March
Exchange today.
Featuring loading Industrial companies with trade Interest operating
on both sides pending develop with dividend action due short-
ments in the raw situation. ly. These were notably Borax,
Futures: Rolls-Royce, and Electric and Musical Industries. Elsewhere hopes
of a settle- May ment of Berlin's
prewar foreign | July debts helped selected German September
Opot-cents per 1. tub Issues spurt to higher ground. Cuba)
Ofis inished fem following esti-a good earning report of the Royal Dutch-Shell group.
New York, Dec. 8. Cotton futures today staged u smart rally when the government crop mate showed an unexpected reduction,
oyal down
March May
Sept.
3.16n
3.170
5.17
113
Contract No. 8
$30
543
6.30
United Prost
Government SOCKS drifted July
fractionally. Glit-edge spot-cents per ib, cit NY- issues met with life activity. @x-duty) New crop months led the re-
Cupper were dull bu, somo covery with the list finishing 1 showed risca of around ♪ point lower to 22 points higher. shilling on the new advance of Opening prices were 15 poins the metal. Gold shares were up to 13 points down. New lower.
Oricans closed unchanged.
New York Foreign
Canada
Exchange
New York. Dec, 0.
AL midday Stewart and was a feature of the Lloyds The indlented December
Industrial group following 2 production of 14,663,000 botes dividend and earning announce- came 160,000 bales under the previous eslimate. Most traders ment, but It closed below the England unificial had expected Increases
best. Dollars stocks were mixed. Holland of up-Unfted Press. wards of 500,000 bales.
In a a spurt of covering after the report, new crop dellverlea scored gains of better than a $1
bale.
Covering by local traders, and commission houses
for found offering milted ume, but later hedge solling and realising kept the demand sup- plied at the higher level. duction was of minor influence
Stats clans thought the further! President Eisenhower's illness, broke through to-
day into new all-time high ground.
restrictions and Heaven forbid it, prices are unlikely to worrying problem to brokers at the mont nry market advance with the exist
an was the reported rots n boy this overdraft is pos- News of the Docks land sole; publy to be found in the next the Wheelocks.
-lumni where, for example, in- contained one or prior vents in assland and other (which I shall deal with
companies at est are up from toleroj 31 318,490 10 $5,750,925 Čan in- Nanyang vidend was a sharp disappoint-crease of about $4.4 million) and, under current assets, the To begin with China Light: | amounts du from subsidiary Pront this year was 50,487,228 sumpanies are up from $883,405 (against $0,238,202 Last year) Added to this was a carry for
ment.
ward
from
Fast
year
to 2,879,106 (un
increase
about $2 million), amounts due
שון
un (an
aso dated companies $2.067.030 (1208,837 making
385.201 to $5.823.383 arren of about $57 million) tok:] of $11,554 267 ($18,467 039) Dividends absorbed $9,240,000 and supping loans (Hongkong) from $1.344.287 to $4,879 453 ieving $2,314,267
nhout $3.5
($8,400,000)
Bar
to be vangi fund to next ton
Total enpital, wallet your evoutim,
and reserves are slated to be Aiso $73,700,800 against $83,001,407 Salance
ان
you Touk at The sherla Dł two of
Just year. Total fixed assets are Wheclock's associated companies 561,459,900 against 560,893,303 vou will see in the Yangtaxe 1:st year.
Fuance shrut Ilubilities to Wheelock Marden [F 33.108 million, and in Texülle Corpora- tions, Babilities of $2.100 million.
The Japanese shipping
down slightly are $38,573,079 to $37,872.038, This In the business account (agustin may emise some surprise
Significant Feature
Ore algnificant feature of the prost and loss account was the to the Iransfer of $9,500,000 earnings retained and reinvested
$0.400.0
0.000
Jost
year)
fron
income of $21,826,255 ($1? 915 451 This pregunt
Joans from
to those who do not know that Although there have been encouraging returns from Japan.
resent Apancil
stands at $10.500.000 which the diese have taken place in the Chairman, Mr A. Raymond says.
year. Mr G. E.
report next Friday.
The
Marden
is for "large-scale plans for Chairman, development together with they shed some light on this in
hia
company's Krowing normal commitments.“
An accompanying chart shows
17% 1
per tant incréere in generatiinij
that this year there was a
Hopes Disvelled
ang restrictions and,
will extent
to what
increase?
case
liberal
Industrial shares, sparked by leaders such as Bethlehem Steel and Du Pont, negotiated the side barrier in their average.
fer enn The
therefore,
The Industrials elosed 1.45 to Interest
487.80, compared with the pre- the 487.75 in slightly vio
high of Chinese banks with
erry1 fucilities session before Sept. 23 when the may provide some of the capital President's heart atlat & touched but there is ittle inelluation off one of the sharpest market
break In history. among Investors at present feed the bulls and bears of lee House
Street with anything more than meagre titbits. And the daily turnovers testify that It is pretty unappetising stuff.
TODAY'S SHARE PRICES
to
(From Our Correspondent)
Business done on the Hong- kong Stock Exchange this mating amounted to $410,000, Noun quatalions Rock the morning's transactions;
Itails and utilities went along with gains of 0.06 came in their averages.
Afteratis sparked a late pust: un the industriala with gains ranging to almost 5 points in North American, nearly 3 in Chance Vought and Lockheed.
There were gains of nearly 2 points each in Bethlehem and Crucible in the steels.
Stock Split
Nothern Pacific featured ratis when it responded to a two-for- one stock spite and dividend.
with
Liggett Meyers Tots. Co Lockheed Aircraft Loews Incorp...... Lone Star Cement Co. Louisville à Nashville H. Lowenstein & Bona, Mesabi Iron Corp. Minnesota Mining Mission Development Monsanto Chemical Co. Montgomery Ward Motorola Inc. National Cash Reg National Dairy Prod. National Distillers National Lead
National Steel Corp. New York Central Oun Mathieson Otis Elevaton Owen-Illinois Glass Pacifio Gas & Bloc. Pacific Western Oll Pau American Airways Paramount Pictures Parka Davis Co. Penny J. C. Co, xd. Penn. Salt Co. Philip Morris
Philips Potroleum Procter & Gamble Co, Pittburgh Plate Ginna Publicker Industries
Honolulu stood out in the oils Pure Oll
a cise of nearly 2. International
Business Machines gained 5 points.
to
Hedio Corporation Republic Steel Reynolds Metal Shell 01 Co. Saint Ro
Paper Benguet, appearing on long sineinir strings uf blocks ranging to Borony Vacuum 50,000 stores, rolled up un im- South Porto Rico Sugar pressive total of 307,800 shares Southern National G.s SHARES BUYERS HELLERS SALES traded. It added point to a Standard Brands
Southern Railway (Com)
new high at $1%.
Standard Od of Cal. Volume B 1000
session Standard Ol of the
of 104 10 amounted to 2.870,000 shares.
Sterling Drug Co. On
total 1,180 issues Stokely Van Coinp. DIO 20 30 913 truded, there wer 521 higher, Studebaker-Packard Corp.
Swin & Co Texas Cu
point
that
DANKS
MK Bank
1600 1000
But I tank the
shareholders (14 pr lest year) and 188 per meat; concerns increase in the number of new particularly those who had been consumers (73 pe last year),ocking for a possible interim To meet the growing demand dividend for the 1955-50 year both by domestic and industrial is that the company has to pay
(004 now factories
back more
consumerA
INSUHANCES
Union
Anacao U than $12 million to
were es neeted with the Ching the bank (though it Light & Power system
during now), the year, the company is add- priority
50 000
kileWatts
generating capacity.
This
over
ان
ila
ל
everything 10 its And in Ice House Street
feeling is that there is now lo 10 A new building
bettle chance
Interim. erected by the HK. Engineering though, of course, it docs & Construction Co Ltd near the mean that there is no chance of higher distribution in some old power station. In addition, a
form at the end of the year
the company is to undertake a
not
reclamation project which will providing the overdraft Is paid provide it with sufficient fond off or at least substantially re-
"Io seme years to come".
thuerd.
Ju-
I graphs and diagrNUTS dicating the number of units
sold generated and
and
LAND. ETC. HX [fotel HK Land Hezity
RUBBER ___A_______Rubber 150 1,00 USALITIES
300 lower.
Wire:
30 Induriciais
for
The
re-
now in view of the giant-sized Despite the surplus in sight.
caused November decline,
by Texas sections, Wad
in
up-front out this year's crop is
007!
19
723 8012
45 104
cont.
re-
still at about seven рет cent larger than last year in free of an acreage tulbuck of 14 per
The next price-shaping fre- tors, some traders thought, may 31% develop with
the grower ferendum next week on acreage 11% reduction
for proposals
next year, and the government an- nouncement on the interim loan rate for the new crop.
Evening up
December moved quietly. Lending spot interests were scale-up rellers.
4740
442
2014
腿
7191
45
ما
Open contracts In December at start of trading today totalled 134,000 bales
Volumes and open interests
401% Dec.
100 Mar.
Others were unchanged.
$1.00 3/32 2.02-1.64 2018
Ünited Press.
P&O B.I. E&A
COMPANIES
PENINSULAR & ORIENTAL S.N. CO.
PASSENGER/FREICHT SERVICE
Outwarde "CANTON" "CARTBAGE" "CRUSAN" "CORFU
Larves London
Sailed
16th December
4th January
Dus Hongkong 12th December
9th January 14th January
6th February
Vis Seulhampton, Pert Baid. Aden, Bombay, Colombo, Penang Bingapara
Homeward
"CANTON"
"CARTHAGE”
**CHUSAN” "CORFU"
Lesvos Kongkong Dus London
10th December
13th January
30th January
10th February
16th January
15th February
27th February
12th March
Via Singapors, Pening, Colombo, Bombay, Aden,
Port Gald & Londen
Also Calla Marseilles.
"SOMALI"
FREIGHT SERVICE
dhe 13th Dec. sa 15th Dec. "SINGAPORE" Que 2nd Jan. saila 4th Jan.
loads 4th Jan.
0011
781%
the
1914
420
were:
1716
3014 Month
Volummo
B1,800
Open Interest
138,200
to mo
40 May
14,900
July
0,900
623%
13100
100 Dac
0,000
179,200
02 Mar
4400
44.100
DIL
May
100
10.800
381
Total
73,700 1.719,200 balen
"SOMALI"
5015
NEW YORK
G
as follows:
0712
Spre
201
Dec.
Зато
Mar.
May
1923/
Jutr
Oci,
24924
Dec.
Mar.
IA
May
בנאו!
KEEN
Comm. future price index..
U.S. Line Co.
US. Rubber
US Smelting
407.80 US. Steel
160.00
Warner Bros
63.90 Westinghouse Electric
173.95 West Va. Pulp & Paper
98.49 Woolworth
United Press.
WORLD
Prices of futures closed today
NEW ORLEANS
33.30
34.41-42
32.67
Future closings, in pence per (lb. were an follows:
Old_contract Dec/Jan.
from UK
for Jopan from UK. Lor Jepeti
for S'pore, P. Swollen- bam, PIDADE. Aden. Pori Sald, Ornon, Mar- wellles. Havre London. Antwerp, Rotterdam & Hamburg
With liberty to cail at Delawap defere az after Straits Ports and at Bombay if inducement offers.
Tanks available for entrlage of Oil in Bulk. Space for refrigerated cargo. Limited Passenger accommodation
BRITISH INDIA S.N. CO., LTD.
Chitt
(UT Singapore, tagong Rangoon for Singapore. Penang Be Calcutta
from Colgutta, Rangoon & Straks
for Japan
P. & O./B. I. JOINT SERVICE
"URLANA"
"OBRA"
28,03
"ITAURA"
“UELANA"
dua Olli Dec. from Bombay
xal 9th Dec. for Japan
bonds isth Dec.
for S'pore, BOMBAY, Karachi Baresh, Khar- ramabahr & Kuwait dus 24th Dec. from Bombay Kalla 20th Dec. for Japan
be 10ss
hus
else.
cisc.
DOCKS, ETC.
Duck..... 29.00 2900 100
Ja 2500
30
29,70
the
Provident
W6.0-X
..
14.40
New York Stock Exchange boud volume was $4,150,000. v 20,50 American Stock
Exchange volume was 900.000 shares.
Dow-Jones closing averages U.S. Gypan
Tide Water Ass. Ou Twenty Century Fox Fina Union Carbide
Prices of futures closed today as follows:
Union Pacific Railway
United Aircraft
Spot
31.00
Deo.
34.45
Mar.
"BANGOLA”
May
34.03
0.20
B73
July
21.13-80
"FULTALA”
"SIRDHANA” mall 10th Dec.
due 17th Deg.
kalle jüth Dec.
alls 10th Dec.
ast.
30.03
!
.. 17.20 17.30 52 345
20 rails***
1936
Drc
29.40
18 utilities
Mer
29 63
63 stocks
May
20.45
1,00 1000 2 LOTY
40 bonds
4814
LIVERPOOL.
Comm. spot price index .. Moody's index
100.87
407.10
TT...
2320 23.30 400 0; 24.3
2800 21.20 3000 22.30
Closing Prices
Star Ferry
Alden Inc. Aey.
€231% FUCKS
terry
C. "Light (0)
34
Allis Chalmers
American Airdne
32 3231
100 # 399
160 g 32
Ain. Mach. r dry
American Cyanamide Co.
5003015
The Nanyang interim of cents came as rather
a
30 un-
34341%
Tho
sey ite
dividend policy is
as generous as it might be, considering the steady rise
not but To
WDS that Į STORES, ETC.
WITTY... 18.30 18.00 300 @ 10,59 | baiowin-Lima-Harm. would pay 40 cents the they
Watson ... 1840 wali same as last year--and
shares
COTTONS fell sharply from $8.40 to a low
Textie closed slightly
Naying XD 705 7.95 MISCELLANEOUS
So much for Wheelocks for the time being. hope I will the be able to make a reference to number of consumers, and the Chalman's speech in these meters in service how a steady columns noxi week, but as the risc: this is altogether an excel-meeting is on Friday lent balance sheet. It is in and as I generally write addition mest attractively sct out making it a joy to read,
One of the
Best
1 like Lights as a solid "blue
morning
this report on Thursday night, it
will, I om afraid, be a very sketchy reference,
leasant surprise to many. chip" investment. Some brokers general expectation
and the possibilities
of
Elsewhere price changes have been small although, contrary to London movements, Hong-
showed slight improvement.
130 200
.....21.40 21
© Light (N) 10.70 10 5014 2014
Extent it...
Telephone
INDUSTRIALS
Lattias
Aucu XD..
0.35
000 45 21.4)
10000 11.40
kong Banka local registerLondon Foreign
of $8. They their dividend in the last few better at $8.10 buyers but with years capital appreciation in share no sellers, prepared to go below values, China Lights are one of $0.26. the best utilities on the market. Now Wheelocks: should preface my remarks by saying that the annunt meeting next Friday should shed some light on operations in the first eight months of this Binancial year which is, I am told by many, one of the best years, if not the very beat year in the company's ing this work though most New York history.
closed below their best levels. Montresi It is important to stress that Telophones yesterday were part- Amerdam
Brussels because think
wore cularly active with almost 4,000 Copenhagen looking for excellent resulla in chenging hands at prices from Frankfurt tho accounts: just published $32 to $32.
many
WIL not
Utilities Better
Utilities made a bettor show-
Exchange
Netherland which were for the year to In the wharvos section, I con- West Indies March 31, 1985.
tinuo to hear good reports af Parla
Btockholm Apa 1984–1955
a Chias Providente--one of
my Zurich particularly spectacular ・ year,
contacts to
told me they are doing dela Judging by the Agures A fantastically Well"
Thay indicated last wes there has closed steady on the work at been little change in prost. I $14.50. Hongkong Wharves, after
itp
from 48,707,120 to rising from $67 to $72 last your was $3.132,780. Dividenda ing and bonus falce up $8
in
London, Dog. 8.
2.8056-24.00L. 2.80-2.30 1/1-
1002-10.83
Aitled Chemicain Allied Mills Inc.
American Metal
American Smelting American Tel a tel
American Tob. "B"
Anaconda Copper Armco tel Armout
Baltimore & Ohio
Bendix Aviation Corp.
Benguet Cʊna.
Bothlehem Steel
Boxing Airplane
Borden (The) Co.
Burrough Add Machine
Canadian Pacle R
Caso (J. L) Co.
c. 1. T. Financial Corp.
Cat. Tradior
Celanese Corp. Chose Mashat Hank' Chrysler Motors Colgate-Palmolive Co. Commercial Credit Commcnwealth Elec. Consolidated Edison Continental Sterl Com Products Crano Co. LLÀ Crown Zallerbach
Catban Amer. Bugar
159.70-139.73% Curtis Weight
16.3114-10.333
Dimorood Alkali
11.7216 +31,74% ; Dupons de Nemour 1759-175012
Eastman Kodak
Paso National Cas
Erta Railroad
Family: Finance Corp.
| General Electric
| Ganara) · Fooda
20.00% 20.01% daneral Meton
Gen. Pub. Jtti.
| Gillette Bafuky
Glidden Co.
Goodrich (E
closed with sellers offer Exchange Rates Co
$8,720,868. Carry forward last weg 73: sing been... a lit
million
moro
| Høyden Chu
Ekainoms was done in the 'Sposi Joigrehari leaving a balance of $5,839,118 activity in rubber shares which unotchang market ible 2041 to be carried forward.
have hardened in sympathy, morning at the followina entON:
*7.8. doler (per (1) On the receipts wide, the item with the rise in the price of Biling note. (par akyureka marked “other." dividends and raw rubber In Singapore (up Australian nőtio dij0ICH XERTE interest shown Incresse from 1984 Straits centa a in to naveden rule afagher 300)
$980,770 to $4,367,390, 18215 Cala week).
from
Hamlet (some! _ 3.00}, Bibapore (fMRI).
Internationa
RUBBER
MARKETS
Singapore, Decc. 8.
Mar/Apr.
May/June July/Aug.
New contract May/June
July/Aug. Oct/Nov. Egyptian Kamak Jan/Feb.
SAO PAULO
Prices
wero
unavailable-
The rubber market improved holiday. In the United States,
on better oversens advices but the average price of 15/10 mid- eased Sater on profit-taking and dling cotton at 14 designated 15 good demand for lower grades spot marko's was not available, 1891 Future closings were:
Total sales in the these markets
47,395 perc
United
No. 1 rubber per ib.
December
January
February
13134-13214 Press. $3094-131 unquoted No. 3 rubber par lb. Deo, 126-137 No. 3 rubber ner Ib. Dec. 120-120 No rubber per lb. Dec. 110-120 24 Spot rubber unbaled
104
4016
Blanket crepe
93 No. 1 polo crepe
472%
LONDON
13176-13735
10-100 145-144
The rubber market was steady with spot quoted at 38.5/10
36 pence per lb. Prices:
130% Feb.
Mar
bales.
Singapore
Stock Market
Singapore, Dec. 9. Brokers today quoted the fol- |lowing stock prices
Opening
$1.70
43/33
15% No. 1 He spot ..........
****
· zajj, Bettlement house, term:
Kali Jan.
Byndicate
33-535
Ori
3816-3316
Batu Lintang Rubber' Co.
Lid. 386-3463 Borneo Patroleum 311-30
28-301
Consolidated Tin
Fraser '& Neeve Lid, Ord.
33-33
90.00
40| |2an./MAC
· Ape./June
2445|7619/Bapt.
29 General' goarkite, okt basis, portes
D00
Estate crepe, all unquoted.
AMSTERDAM
ha... market Prices" today clowed in
Hongkong & Shanghai
Banking Corp.
314-3056 | Hongkong Un Lad.
Kompas «LAD.
Luban Rubber Batates Milayan Brera New Burundah, Xul
Prisling rin kita
SIGNSDORS Boun
load 6th Jan. for S'pore. BOMBAY, Karaclit, ntrch, Khor- ramshahr & Kuwait
EASTERN & AUSTRALIAN S.S. CO., LTD.
due 11th Dec. from Austraila · "EASTERN"
Ve salle 13th Dec. for Japan
due Eth Jan 'from Australia salie Bih Jath for Japan
"ABAFURA"
"EASTERN" -loads 6/713 Jan. for Sandakan, KABAUL, - Brkbane. Bydney, Mel-
bane & Adolside
All vessels have liberty to call at any ports on or of the route & the route & sailing are subject to change or amendment with or without notice.
Fur Full particulars 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
“VIETNAM”.
Sailing. Dec." ~; ZIM"
SERVICE
$5 N. Afrios/Kuropé
16th