TRADE
THE CHINA MAIL, FRIDAY, DECEMBER 28, 1955.
and
COMMERCE
SECTION
SHARES AGAIN MOVE HIGHER Oil Exploration
Good Rises By Utilities
TURNOVER UP EIGHT LAKHS
By A Special Correspondent
Share prices continued
and rises of up to 41⁄2 per cent were recorded.
The Share Market
At A Glance ★
+-$1 -#-200
TODAY'S
SHARE PRICES
Busines done on the Hong- kong Stock Exchange this
morning amounted to $280,000. Noon quotations and the morn- ing' transactions:
Up or
Abarn
Dec 1
Dec 8 Dec 15
Deo 22 down
IIK Bank
1665
1080
1690
Untons
915
915m
9151
1735 930
+ $15
their recovery
this week
HK Wharf
72
718
10
Wheelocks
8.30xd
8.15
8.13
8.35
Providents
14.50
14.50
14.70
16.30
+000
UK Docks
27.80
29.70
29,30
£9.40
+100
over
$3
Hotel
17.10
17.30
17.40
17.00
+100
Land
00
59
G014
02
-+- $114
22.00
22.30
22.80
$3.00
-+-800
102
102
101
182
+ $1
Lights (0)
22.20
(m)
10.40
21.40xd 16mx4
21.70
22.80
+800
Electric
3914
30%
10 30
16.80
800
DANKS
HK Bank
1730
10 t 1740
$135
+$134
Telephone
31
32
3214
33
Cements
334/
34
341
30
brokers
+75c +-$114
INSURANCES
Union
932
Dairy Fartn Yangtze
1814
Lombard
18.30
100 vb 135 300 @ 63
1834
19.20
6.80n
0
0,356
6,601
- 250
SHIPPING
Waterbost
23:30
Turnover was up-$3.8 million this week against just million the previous week and $3.4 million the week before that.
The adjoining panel shows that all seventeen shares are marked up with Banks, Electrics, Cements, Providents, Dairy Farms, Trams, Lights and Telephones showing good gains.
WORLD RUBBER MARKETS
New York, Dee 22. Rubber futures touny closed
5 to 70 pouts higher with sides of 425 contracts
Higher trend
wtfceled
the
before the
netion at Prunay 1:01:
speculative covering
holic ya.
♫t
excttiges
Dealer
operation included
of May March at 340 points, July/May 100 points and Seyl/May 35 und 355 points. In March contra els 50 were exchanged foc physical rubber
Small Salee
the S301 market included the sheets three for Dee at 46 venta atze ambers for March 11 35 vent, a pound landet. Spot No. 1 Rss were quoter momin.fly 47 cents. Fulures:
March
May
July
September
December
SINGAPORE
41.70-75
42 15-20
40.20
2345
30.80
The market was steady with good demand for lower grades.
Futuros:
No.
Slight profit taking on the inhibiting laetor, Tuesday and some hesitancy on say. Wednesday caused a temporary setback.
And at the close prices were Tractionally below the week's highest levels, but the under- Itone with steady to firm.
The market's behnybour werk
to seema
So the prospects are that this recovery will be very gradual.
Youmaŭs took a downward plunge this week-from $105 to $102, though they are a dollar up the on the week-in the news that Justify the Departmental working party" optimism in certain Ice Hoe
I have 15 Street offices last week. beard reports that the money although, If position is easier
so, it does not appear to this have brought much new busi- ness to the share market.
Big Investors Wary
The present market trend is rely sumilar to that of last De- center. With more dividend to come this recovery can be pected to coatima carly into the
X-
1
making W
detalled examination of tw harbour tunnel project "us all ite nspects," Star Ferry shapes were not afferteri There was a sale yes- terday at $136 which is steady Inst Thursday's buyer's
On quote.
Banks Climb Higher
cannol
Tram
Youmat
WORLD COTTON
MARKETS
+700
NEW YORK
STOCK PRICES
was
Costs Big Money
London, Dec. 22. Nearly thirty different companies are today, `seeking to explore Guatemala for oil.
Any moment now, the companies granted permission by the government there will begin a search likely to cost up to £10 million before it ends.
com- forced their
Far the must promising aren, ¡ unexploved until the oll The Province of Peten on the pany's gevlogists
way in.
BHARES DUYERS SELLERS SALES country's northern flank, is also the most difficult to explore. It is barren even of roads.
DOCKS, ETC. K Whart Dock Provident
(Old)..... Wheelock LAND, ETC.
ILK Rimel
15
Rs.) Humphreys Realty RUDDER
A.
00 20.40 2015
Deeply Committed
Just
over the border from Peten, in British Honduras, on-
Rond bullding to the drilling sile was delayed time after time because the fornt peoples, pro- viding the labour, dreaded the poisonous snakes and dangerous animals.
500 29,40 crucial point. After a two-year met some
oil company is
15.40 10.00 1000
B.30
1714 17.00
nd 02
34%
10 c
1073 1.00
Rubber
The same company, apart from other oll search is nearing 111s setbacks in Costa Rica, has big disappointments quest, an
now this year in a South American 105 drilling a test bore-hole. It has country. Peru,
840 gone down more than 0.000 1. and 4 atrike would certainly encourage the seekers in nearby 1000245 Peten. 500 * 33
3000
#00 #: 02
Seven 'Dry Holes'
11
has drilled no less thon
Peru-ond also
Another oil company deeply committed In a third Central seven "dry hols" in the coastal 2 2.05 0000 4 203 | American country,
Despite that it has Costa Rica, aren there. 1030 1
could cortainly do with now taken out exploration per- UTILITIES
Team
23.00
seme encouragement too. It has mits covering a million hectares Star Ferry 186 138
drilled several "dry holes" there in castern Ya Ferry 101 100 150 on C. Uchi 101 2206 22.70 1000 23.0 this year, and is now about to trined zome of its conatal C. LIDH IN) 10,80
cessions. 13 1000 16.80 start on the toughest "wildcat" Electric
4114 42 Telephone
33 33% INDUSTRIALS
Cenient
The New York Stock New York, Dec. 22. futures
comment Cotton
today Exchange settled back irregularly not received in Hongkong after a buoyant start lifted this morning owing to poor the nearby months to new radio reception, The ferry companies
to be very happy highs since early August. be expected.
The following are yester STORES, FIC Profit-taking
technical about 1 News They have
(December und
hedge day's scattered your although it is difficult
asked for some definité indlea- predel By future course,
supplied
earlier available prices: tion of the Government's inten-selling
lextile Big Investors are still keeping | Tions
from Intere proceeding
coming with demand The market at arms' length. The development plans, but
exporter this hedge interests revrat credit restrictions are week's
against commitinents means covering FUNNERINECT Fient 1 there will be no answer to Korea. for at least two mere months.
JAW
Few Trends
On London Exchange
London, Dec. 22. Most sections closed firm the 12914-12941 in quiet_trading
rubber
per
It
120-12014 unquoted
January February March
No. 2 r. bber per il. dan.
No. 3bler per il In
No. rubber per iu Jun
Spot rubber unluled
Blanket rep
No i vate crepe
LONDON
123%-12442
on
reasons
In this event it 19 hard le closing (expret spectacular
011
pressure
נוס
Closing Prices
Allied Chemicals
the the
Allied Mills ne
Allis Chalmers
American Airline
Renewed nearby delivery fon ired
transact.om with the American Cranamide Co
American Metal ........ muvements market finishing up 7 to off 14
American Smelling by the ferry company shares.
points. Opening prices were American Tel. & Tei. up 3 to 11 polale. New Orleans Anierican Tob Banke, with scrlp more scârce
$45 to closed up 7 to off 9 points. than of late, climbed
Nearby March worked up to $1735. Union, another "git" moved up $15 to $930.
within striking distince of the 84 cent level in the forenoon, and wharves
docks setting a
new high since Aug. China Providenta pul 4 and
rise cumulative
In the section,
a
Anaconda Copper Armco Stoe?
Armour. Baldwin-Lima-Ham. Baltimore & Ohio Bendix Aviation Corp. Benguet Cons.
of Bethlehem Steel Boeing Airplane
up easily the best performance almost $5 D bale from last with a 60 cents jump to $15.30, | week's low, Yesterny there were no dealings
cents more.
Wharves and
Docks
London Stock Exchange smaller advances,
1243-125 today.
1174-1184
1274-12014
With trading held to less than 7,000 bшigninu few 99-101 1301-140% peared.
The market was very steady with spot quoted at 374 perce per ib. Prices:
No. 1 os mot
Seltoeni house terin.
Feb,
3715-37
Маг.
Apr./June
July/Sept.
Ort/Der
151-336 33-334 DEL-32
Jan. Feb
General mornets, clf basis, ports:
Estate crepe all unquoted.
AMSTERDAM
57-3736 50%-31
The market was easy. Prices elosed today #uilders per kilogram, eif Jan. as follows:
No. rubber
No. 2 rubber
No. 3 rubber
No 1 crepe
in
3.50 buyerI
357 buyer 3.43 buyera 3,73 buyers -United Press
New York Sugar!
Market
New York, Dec. 22.
trends up-
Selective buying helped blue chips show a few healthy gains. Woolworth, Assocmited Electric, and Imperial Chemicals moved
up, and on American buying support Brax
ahend about alx shillings,
noved
011 thores Found support, Royal Dutch closed about £4 on the plus side, and Shell made
Others gain.
managed shilling.
gains of about #
Foreign bonds were dull and virtually unchanged.
Copper shares remained quiet and a bit on the uncertain side, white gold shores Improved on new buying support.
made
Continued heavy producer with sellers holding out for 80 loan impoundings, and a feeling that entries will increase even more after the new year, shaped markot sentiment at the start.
The Commodity Credit Cor- poration reported loan entries for Utilities Popular
the week ended December 10 at 400,420 bales. The new stock of Following fast week's annual 1983 crop cotton in government amounted to 4,787,884 Wheelocks moved up hands meeting. 20 cents on the week to $8.36 bales.
The certificated stock declined with one or two big buyers in
to 10,044 the market. At one stage they 494 bales overnight
beles. were $8.45,
Volume and were:
Monia Dec
эреп
Interesi
Lands recorded a sharp riso 10 $03 on Monday (up from $60 Just Thursday) but eased back to $62 at the close. Hotels Mar moved to $17.80 but silpped May back 30 cents to $17.50 at the close.
Vuitton Epen interest
----
17.000
119,000
16,000
630.300
July
11,500
243,300
Oct.
6.400
180.300
Dec
3,000
34.200
Mar
2,000
49,200
Moy Total
700
13,200
bul Among the Utilities, all
TO Kaumatis were active and corded
Electrica good gains. moved up from $30% to $41.
on
50,000 1.380.300 bales
NEW YORK
Borden (The) Co. Broughs Add Machine Canadian Pacillo R.
al ca
C. T. Financial Corp. Chare Manabat, Bank Chrysler Motors
Colgate-Palmotive Co. Commercial Credii Commonwealth Elec.
Consolidated Extison Continental of DL Corn Products Crane Co.. Crew Zellerbach Cuban Amer. Sugar Curie Wright... Diamond Alkali
Dupont de Nemour
tus Kodak
El Paso National Gas
General Metric
General Foods
General Motors
Gulette Safety Razor
Glidden Co.
Goodrich (B.
Goodyear Tyre
J'¿6,
Heyden Chémical
Homstake Mining Co. Ingersoll-Rand
Interchemical Corp. Int'l Business Machines
Int'l Harvester
International Nickol International Paper
Inti Tel & Tel John-Manvilla Co.
their highest this week being
Prices of futures closed today Kansas C. Power & Light Tuesday. as follows: (up $2) to | Lights hit a top of $22.80 (up Spot
30 March $1.10) before edging down
Dollar socks scored advances; $414 ranging up 53 in adjusting higher Wall Street levels.
May
July
October
and December
British Government stocks i cents to close at $22.50, Trams were firm and closed with a few moved to $23.70 on Tuesday but fractional Rains-United Press.
10 cents
bower Telephones sold for two days at March
but could not hold this May
MARKET
HOLIDAYS
Christmas
World No. 4 sugar futures to 2 points closed unchanged higher with sales of 158 con-holidays: tracts.
Firmness In world contracts reflected the situation in raws, where large-scale purchases by foreign countries were reported Hungary was the accredited buyer of 20,000 tons of Cubans, while dealers awaited confirma- tion of reported sales of 50,000 tons to Ceylon.
Yesterday, a British
renner reportedly bought a bulk cargu of Cubans for Feb, shipment at 3.18 cents pound, while Françe bought 1,000, tone at 3.17. cents. Switzerland, was reported interested in 3,000 fons for June shipment.
A
cloved
$331⁄2
rise and closed at $33.
35.160
Lagett Meyers Tob. Co. Loews - IncoTO, KALAMAS Lone Star Cement Co. 33.90-94 LOLsville & Nashville R. Minnesota Mining Mission Development Mossanto Chemical Co. Montgomery Ward National Cash Reg. National Distillers
32,88
31.42
30.04
23.10
29.57
22.39
National Lead
NEW ORLEANS
Nallorand Steel Corp.
New York Central
Cements made a good show- Prices of futures closed
ing this week and at one stage as follows: were showing a $2 rise on the Spot week to $305. They closed at March
May $30, $1.50 better than last July Thursday's rate.
London, Dec. 22.
Dairy
70 Farms are
cents and Now Year better on the week while Wat
sons are 10 cents better at
FRIDAY, December 23: The Wednesday's sale price of $13.40, London commodity markets will close after the morning session, while the New York Commodity
including Exchange,
metals,
. Scrip Scarce
rubber and hides, will close by Although thoro has been little noon (Eastern Standard Time), change in the price of raw SATURDAY, December 24: rubber, shares have boon Singapore rubber market closed. marked up with little scrip MONDAY, December 20: All offering. Last Thursday's price world markets, except Indis, fer
rubber. Wha 31.28 Argentina, Brazil, Chile, Uruguay Stralis a 1b. Yesterday It was
$1.28. and Japan, are closed,
IRW
con-
TUESDAY, December 27: All United Kingdom markets, Win With a record rubber
pe grains, Toronto stocks, sumption, expected in America year.. shares should Italian bourses and Johannes-next burg
while the do reasonably well In 1050. are, closed, Montreal stock market, Sw Les
The position in America. Is bourses and American marketa
roughly this: high synthetic are opch,
unry 3: The production la bridging the gap MONDAY, January Cuban salca Mgainst Ita 1988
demand and overall world quota are estimated, in London, Baltic, Swiss bourses, between
Tot Y
now Johannesburg, American and short world upply
October December March
May
LIVERPOOL
ib. were as follows: Old contract
today in Mathieson
33.40 33.03
Oils Elevators
Pacific Gas & Mec, Pacilo Wenters on Fan American Airways
32.30-00 Paramount Pictures
Parko Davis Co.
Future closings, in pence per Shell Oil C
30 301
18.10 19.40 100
102
exploration yet.
ID
con.
Just this type of search gives The selected sie es in thean idea of the costs of all ex-
of midst
the Cocoles Jungle phration-as well as the patience belt, a territory s wild and needed. 100 meult to penetrate that it was Service.
13.40 13 00 200 o 13,40
9.79 3.00 7.70
1000 g 6.60
6.00
MISCÓLLANEOUS
Rope
Dalry
22)
Watson
COTTONS
Textiles
Nanyang
Yenglaze
Allied
$115%
0314
34
*
BOT RELAXES
301
SOME EXPORT CONTROLS
London, Dec. 22.
The Board of Trade has enɛde certain relaxations in export licensing control.
Lloences will not be required (except for export to China,
Vietnam North
and 004 Macao,
Tibet) for the export of vixious animal-feeding stuffs, including cod liver oil, dried yeast, bird Food and straw vitamin pre-
53
10
1004
separations--bone oll, raw cork. veneers of plain birch, veget- able fibres used in brushmaking, undressed bides and skins,
201
403
spccifled chemicals and certain fertilisers,
2311
401
for the export
Licences will not be required
to the British Eire and the United States of artifelat goods, refractory graphite 1916 woven nickel wire mesh and
certain chemicals-Reuter.
4025 Commonwealth,
54
SYNTHETIC RUBBER OUTPUT
New York. Dec. 22. Synthetic rubber production
in the US during November was lat all-time high for the second consecutive month, the Rubber Manufacturers Association
ported today,
During rubber
synthetic
One suction reached
101,249, long tons topping the
previous high of B
87,704 long ions, established in October,
New rubber consumption in the nation during the first 11 months of this year totalled tone, M figure 1,402,457 tong
a full never reached before
in the history of the Year rubber industry the association 100% said.
Rubber consumption in No- vember totalled 185,081 long tone falling slightly short of the record Agure of 138,781 śr
October of this year.-United Press
3152
90.03
Ponny J. c. co,
PO
20,85
Fenn Salt Co.
4914
2940
Philips Petroleum
29.40
$15
Pittsburgh Plato Glasa
Radio Corporation
4
Republic Slect
Reynolds Matal
Binclair Ol '......... ·
5
Sooony Vacuum
64
20.E
Bouthern Railway (Com)
Blandard Brands:
25,00
Standard Olf of Oal
23,00
21.90
Standard Oil of Ind.
50
Standard Oli of NJ.
27.05
Sterling Drug Co.
51
Stokoly Van "Carng.
27.00
Studebaker-Packard Corp.
24,35:0
Swil & Co.
Texas Co
30.06
Union Carbide
1174 1099
werd
Union Pacific Railway
Dec/Jan. Mar/Apr. May/June July/Aug, Now contract
May/June July/Aug. Oct/Nov. Egyptian_Karnak Jan/Tob. Other cotton markets unavailable-United Press. ·
HEAVY SELLING OF STERLING
London, Dec;, 235- Feature of the foreign" \\\=" exonse of 700,000 tons so for Canadian markets are closed. rubber Included part of the total The London Metal ExchangeBut various spokesman say change market today was the Included 200,000 tons recently will be open, u, China? Mail that although natural rubber heavy low of sterling. It
Special
Gouran brides are bound to suner to promptly knocked sterling down shme extent there is adequate by: 3/10 of a penny to 2.80 3/32 demand in absorb the natural whereupon the exchange" "quall- sation fund Intervened and listed production.
the rule beck. Closing rates were: New York
sold to a British ́reilner, mid- 200,000 tons to Rusila, Futures" | Hartgeza
Contract Noa" (wortaya k UK MOTOR OUTPUT
Gin, March
pat ib. Lob
RECORD
London
On the
tharket
United Aircraft
U.S. Gypsum
U.S. Ling Co.
UB. Rubber
U.S. Bmeli V8, steel Warner Bros. Westinghouse Electric Woolworth
Exchange Rates
thie
Brantness was done in the tool $1% unmetal exchange market 53%, morning at the following rates: $7,1 US. dollar (veg 81)
105%; Bierling notas (për' £1)
Austraßen notes (per (21) Indonesian rupiah 1 per 100) |5am Goat - (nee 100) Singapore (Btralia)
United Free
MESSAGERIES
POM
MARITIMES
VICK!
-
London
Exprcas
P&O B.I. E&A
COMPANIES
PENINSULAR & ORIENTAL S.N. Co.
PASSENGER/FREIGHT SERVICE
Outwards "CARTHAGE"
"CHUSAN"
"CORFU" "CANTON””
Leaves London Due Hongkong
Salled
6th January
6th Januery.
14th Janua
7th February
1st February 61h March
Via Southampton, Port Said. Aden, Bombay, Colombo,
Penang & Bingapore
Homewards "CARTBAGE”
**CHUSAN"
"OORFU"
"CANTON"
Leaves Hongkong Duo London
13th JanuATT
30th January
10th February
9th March
13th
February
27th February
12th March
6th April
Via Singapore, Penang, Colombo, Bombay, Aden,
Port Said & London
* Also Cails Marnollies.
"SOMALI"
FREICHT SERVICE
Fonds 5th
Jan. for Sporo, T. Swetter- Aden, ham. Penang. Part Sald. Genoa, Mar sellies, Havre, London, Hamburg, notinidam M Antwerp
"SINGAPORE" dur 5th Jan. from U.K!
anils 7th Jan. for Japan
With liberty 10 call at Belawno before or after Kiruits Ports and at Bombay if inducement offers. Tanks available for carriage of Ol in Bulk. Space for refrigerated cargo. Limited Passenger accommodation
BRITISH INDIA S.N. CO., LTD.
"SIRDHANA” salle 8th Jan. for Singapore, Pruang se
Caloutta "IVARORA” sails 10th Jan. 1er Singapore,
tagong & langdon'· from Calcutte, Mongoon & Straits
"SANTHIA" dus isth Jan.
ails 19th Jun, for Japan..
P. G. O./B. 1. JOINT SERVICE
dua 26th Dec. from Bombay
"ITAURA"
"OZARDA'
"URLANA"
"ITOLA"
Kails 27th Dec. for Japan
Chit-
due 20th Dec. from Bombay salis Jist Doc. for JepRIA loads 3rd Jen. for B'pore, DOMBAY, Karathi. Daerah, Khog- rasnahalir de Kuwait tor Singapore. · Madras, «DOMDAY,"Karachi, Bas- zah, Khorramshahr, Ba
loads 8th Jari.
Kuwait
leads anth Jan, for Singapore, Colombo, Karachi, Basrah, Khor-. rardsbob & Kuwait
·EASTERN & AUSTRALIAN 5.S. CO., LTD. "ARAPUHA” “Que Olz Ján. from Australia
mailman Jan.' for Japani "EASTERN"! Eisada 0/7th Jan.. for Bandakan, KABAU), „Brisbane," Byddar, -Mala
All vesiels have liberty to call at any ports on or off the route the route, & Kalling are bundeet to change of xizendment with or without notions
HALKUHNON. MACKENZIE 6 CO
O HONG KONG LID
No. 27721 4.