TRADE
THE CHINA MAIL, FRIDAY, FEBRUARY 17, 1956.
and
'BLUE CHIPS'
NEW GAINS RECORDED
$5.48m TURNOVER IN HOLIDAY WEEK
By A Special Correspondent
new
The share market quickly jumped into its stride after the Chinese New Year holidays and, after a half-day of hesitancy, tacked gains to carry shares to the highest level of the year.
on
One share, HK Electric passed last year's peak price of $46.
The turnover was $5,180,000 in two and a half days" was $6.56 million. Yesterday's frading. Last week it
#
B
volume of $2,770,000 was the highest recorded this year.
thier the lead of Milue Chnge; hezked cul-and so it hil.
wide range of chores conejat has been revived agala thin More than 21,000 paarily unier hews aging presCHILE,
champet handa Two dovitind announceme
bar plea
between prices. antiret
They dord demand. Gre
www.
וי
SIBRO.
30 7 pts up our last
Cement an- The work noted an unchang it detribais | Tinus day's rate then plod 51, and tip spa lept wi keh Lart you the Company paid $4, Cha
180 cm two lester
gal better this
but busad ang ss100 werk and on a turnover of 6,000
COMMERCE
SECTION
SET THE PACE
* The Share Market At A Glance ★
HIK Bank
Humpliress IK Realty IK Trans Star Ferry
Yaumatis
Oh Lights (n)
1705
576
8.40
331
17.206 62
19.701 2.05
25
بود
NOT
1.60bxa
25.10
Up or
down
+$20 steady
-100
kong
TODAY'S
SHARE PRICES
Business done on the Hong- Stock Exchange this | troṛning amounted to approxim- ately $1,380,000. Noon quotations and the morning's transactions; SHANES BUYERS SELLERS KALES
BANKS
IIK Bank INSURANCES,"
Union
Lombard
5614
Underwriters 1.0 SHIFTING
1000 21000
1000
Jan 10
Jati 26 1750#
57
Feb 2
1750
Feb 0 1770
Feb 16 1800
Lombard
504
]
5646
Union
915
D95
9900
1005b
1810
Underwriters
9.40n
0.4011
9.401
9.20m:
9.106
Union Woui
240
24b
2414b
25.10b
25.10b
steady
Wherlock
8.40
. 8,05
8.00
8,83
--50
11K Wharf
68b
70
70148
710
"2
+$1
HK Dock
3234
336
33%
3381
+250
Provident
15.10b
16.20
15.20b
1505
15%
stendy
HR Hotels HK Land
17.30
17.40
18.10
18
--100
6234
63
04
04
steady
20%
10.700
19.75m
steady
1.075
1.97511
1.025
+310
24.30
24.40
25.50
+400
135
1331
1400
143
144
+$1
100
103b
106
100
108
+$2
22.30
$2.30
22.70
22.70
steady
16.70
16,40
18.00
18.10
18.80
+400
4211
4314
43"
4414
46
+500
Waterbeat
26.20
DOCKS, ETC.
33
331
33%
34
3414
K. Whart..
303
361
37A,
30
18.90
18.70
18,40
18.60
39% 18
+50€
вос
Dock
13.30
13.10
12.60
12.75m
1rovident
Jane Crawford
354.
3411b
35140
3512
301
Vangisze
6.65
6.05b
6.800
6.90b
7
Allied
5.431
5.50b
5.60b
5.50
5.00H
+100 steady
Wheelock.
K&F Inv
11.00
11.50
11.50
11.40h
--100
Texile Corp
SAD
5,00
5.60%
5.50
--100
Nanyang
7.90%
7.80%
7.80n
7.600
7.75b
+150
LAND. ETC.
HK Hotel
.. 17.70 17.10
IK land
(New). 01 Humphreys
1400145
(New)
Realty UTILITIES
It
1011 1.55 1.6216
TAK
20
1000 614 GO
10
Ch Lights ins Fireltic
HR Telephot G.I. Cement Dairy Farm
A.S. Watson
12.70
209+
int me tats de ce le stad NY COTTON New York Stocks
Luchts
10 to $25.50. (5,000 haps) ars, bet Meany at $22.70, look
at en pon,aah bermpsizligged on the day trien à migh
HAN
$23
Tateplenes
Tok out the fast sale tu 50 cents
succoste for m jerne bed year. The fribution afone will grow lay! tak u 5.6 at Bon of their wes peated a million prodit,
yea's divi nd arealet $24
Thurssiny's closion
Loth ferey companies soli nt $144
hel 1. St beur. Yaluati
Vis prelay abane - told að $89%; shea, tipe 52 on the week.
51 mente
higher on the week,
FUTURES SHOW GAIN
New York, Feb. 16. Cotton futures today see- 21 moderate sawed
over
08. Yesterday, 1,100 range but managed to
Lehane kange.L Sa mưch tur Pan Cyment con- | prāve,
isakater sheet | pany unal then
Le revealed.
Electric Issue
The other company to
hand at this
Dairy Marin flopped rather | Toully sterday and on a turn-
anore than 4,000 shar
show a gain.
At the close the list ruled olt I to us 21 punts. Opening
prices were off 5 to up point
New Orleans closed off 3 to up 12 points.
The
in
fell from a peak of $18% lu low of $17.90 before recovering an-sightly to at $18, down dividend (anel it
All 30 Conty on the work, Issue) was Hongkong Electrie. share is out of favour in the Its mul dividend goes up by k at the montent with five cents from $1.55 to $1.60. interim of 70 cents
With
paid,
laat Sepicinber, the total
"nee"
is $2.30 for the year, or cent: better than last year's,
adyetər ritintis perpansible for the decline.
Wharf Shares Firm
Cotton ahnres show little a new uc of 1,500,000 shares change and in the investment
The company is also making
In the proportion of thres tone group, Yangtsze are fractionally benus and two at par of $10.) | Denter at 57. for seven,
Traders opented cautiously
of face fara legislation uncertaintiva and evening-up is the March delivery before first notice day on Thursday.
Diminished activity in textile
markets, plus a heavier rate of repossessions out of the govern- ment Loan stocks and hedge- selling acted to handicap new market interest, traders felt.
NEW YORK Prices of futures closed today as follows;
They sipped back 10 cents to $18,
Whart
ord Tullowing their flutter tast Thury.
Land -hares have not been this
and Wrek
mere sath>-
Spot Mar.
May
July
Oct.
Dec.
Mar.
May
This will rainy sued capital spectacular from $35 million to $50 million. Hotel seem much The new capital, $10 million of expected will come Which it from the public, incederi for development work, I under-
and dock shares are stand
July Reping hem with IK Wharf will be recalled that in and IIK Dock both showing Provident Augurt hist year, the company res on the week. amouneed it bail awarded the lat sini is
is steady contract for the construction of Wheelock are inetionally
at on a ver of almost 7,000 its new generating station Marth Pairit to English Electric. tar
shares, They opened at $89.90, The value of the initial contract but was $29 millum,
Dividend Hope
More
than 15,000 Electric shares changed hards during the varying between
day at prices
Back
Into
Narrow Pattern
narrow,
New York, Feb. 16. Stocks slipped back into a irregular price pattern and quiet trading today after yesterday's sharp run-up on the optimistic Eisenhower medical report.
(Old)
72 73 100
2007
33% 13. 250 339%
1000 10 29 30
18,29,35.40 1500 kr 1841⁄2
500 15 40 500 13:30 6.75 0.83 0200 W D1S
2030
30545 400 12 6335
200 pr 63
Tram Star Ferry .. -142 145 Vinti Ferry 105 100 100 6
23.60 300 g 25.40
200 1540 14 108
Light (0) 23, 22.70 600 221 C. Light (N) 8.60 18.80 2000 6 10 63
4030. 18 2000 6 IN CH 000 43
Electric...
Macao Electric
34 4909
(014) ..... 1.00 (New)
W Telephone ..33 33
INDUSTRIALS
Cemem
Long Bell Lumber, strong in recent sessions in reflection of merger possibilities with International Paper climbed another STORES. ETC. 21 points to $56.
In oils. Continental added 15% | Family Finance Corp. to $98% and high-priced Superforeneral Electric
General Mulora Oil of California rose
10 to Gikkten Co. $1,000, but Standard, NJ, fell a point to $151.
Chrysler fell back to $724
the
motors, and General Motors dipped to $437%.
חו
33.500 35.73-74
35.100
73.03
32.12
31.01
31,40
·
31.14
30.06
Nails Wore moving.
NEW ORLEANS
Prices of futures closed today
as follows;
T
Shot
35.20
Mar.
35.73
May
33.1μ
Jas
24
brick five sipped during the
trading day's
cents
Oci
32.03
LO
Dec.
71.03
Mar.
21.47
elige Ave cents Thursday's rate,
below Just
Aus
31.44
July
30.0%
Banks Higher
$45 and $464, Market opinion is long Lank that they're hardly worth the latter price, but the former
more a attractive.
Is
LIVERPOOL
Future closings, in pence per
1b. were as follows:
May/June July/Aug.
Both "Gilts" are up. Hong-Old contract Mar/Apr.
climbed $25 10 More than 210 shores $1000,
hands yesterday af changed disclose that tween $1790 and $1800. Union The company "when the shares are issued at $1010 is $5 better on the
the dividend will is expected be approximately $1.80 a share a year, provided there are no Auctuations int the price fuel."
of
At $45 their ex all price wh
SAO PAULO Future closings, in cruzeiros prices per kilo were as follows:
werk.
rubber Singapore closed easier on the week and simre prices were down slightly in sympathy.
turned
Chinese New Year week
be $32.40. 11 the company pays $1.80 next year the snares will more
March
MAY
July
October
December
Very narrow
pared
Ingersoll-tand
Rope
Dairy
200 of 441) 250 44.75 250 45.73
300
$4,4
1000 41.73
2004 44
500 43.78
2010
14
500
44%
1000 332, 140034
500 33
39.75
30 391 2300
15.10
2400 30 1000 20
500 301.
17.50 13 2007 10 COTTONS
Text!ita ... 5.20 3.55 1000 340 Nanyang
700
MISCELLANEOUS
Entertain
24.20 1000 5 21
100% 10
432%
71MELL
Vibro
Gocurten b. F.) Co. Goodyear Tire Hraden Chemical
771
BE
Homstake Mining Co.
BO
Intt Duxiness Machines Int Harvester International Nickel
357
WORLD
3724
International Paper Int'l Tel & Tel
110%
RUBBER
Jelin-Manville Ca.
B61
Kansta C. Power & Ligh
40%
Keunecott Copper
1227
Leekheed Aircraft
4744
Laws Incorp.
7215
441%
1102
30
en
Lone Star Cement Co. Lowenstein & Sons,
The casiness apparent in the list today was a continuation of profit-taking which yesterday's sharp curly gains, There still is considerable wari- ness in, financial quanters amison Development commentatory generally look [or continued
Mesa Irun Camp.
Minnesota Mining
Montgomery Ward
Irregular and Motorola ine.
highly selective activity in the
market.
National Cash Reg. "A" National Lenit
New York Central
Oil Mathieson
ORS Elevator
Owen-Illinois Class
33
7
which
prevented
London Stocks Late
Rally
After Bank
Rate Announcement
London, Feb. 16.
A boost in the government bank rate to 51⁄2 per cent took its toll on the London Stock Ex- change today, but rallying tendencies later pulled many sections above the day's lows.
British
stocks government opened easier. War Loan 3
11
| Jed on the downside, skidding to all-time low. Then, after annetulcement of, the govern- ment's anti-Inflation move, de- mand quickly increased in the closing minutes, and a number finished on the of the "gilis" plus side by as much as
Industrials Dull
London Foreign
Exchange
New York Montreal Amsterdamı Brunseta Copenhagen Prankturi
Sunburs
Miles
Industrials were dull 0770 generally easier in relatively
Rolls-Royce lost Paris
Boruxe kholin shillings.
Zurich
quiet trading. about four
Consolidated
dividend news.
gained on good Othera
Oly left selling, and Royal
Dutch slidded Roout
Others lost around two shili-
inde
Press.
Were
London, Feb. 18.
*30015-2.00 1/10 22.0014-2.000/18
10.0134-10.02 130.45-1.30.4736 18.334-19.3345 11.715-11.72 80.25-810.39 1753-17034
· 20,00%-20.00% 1021-103
14.5215-14.52% 12.232-12.2014
mchanged....United
A mild rally brought a New York Foreign
few issues above, their lows near
the close.
Foreign bonds,cased in quiet truding.
'
Gold shares drifted after a firm opening, and coppers movett lower,
Dollars stocks finished losses ranging to about United Press,
Exchange
New York, Feb. 10.
$100 1/10 2009/10 90-day futures.. 276 81/32
Cannda England oitiela' with | Australia £1-
New Zealand South Africa
224 3.20% 2.00 18/10 United Pres.
P&O B.I. E&A
COMPANIES
PENINSULAR & ORIENTAL S.N. CO.
PASSENGER/FREIGHT SERVICE
Outwards "CANTON" "CARTHAGE"
"CHUBAN" "CORFU"
caves London
Salled
20th February
15th Merch
27th March
Dae Hongkong
6th March
2nd April 131) Apri
20th Apri
Via Southampton. Port Bald. Aden, Bombay, Colombo, Petang Bingapors
Leaves Hongkong Dus London
Homewarda "GANTON",
9th March
0th April.
7th May
27th May
4th Junn
MARKETS
Singapore, Feb. 16.
The rubber market opened oi better towe
further liquidation.
There was
some factory demand and the 45% market steadied throughout the
day. Futures:
40 No. 1 rubber per lb. Mar. 19014-1069%
Apr. 18574-106 312
May unquoted No. 2 per la rubber Mar. 101-109
GIRS NO.
Snat rubber unboled T 18772-10716 Blanket erepe
No. 1 pale crepe
LONDON
. The rubber market was steady with spot quoted at 31% per lb. Prices:
No. 1 Res spot
"CARTHAGE” 0th Apell *"CHUSAN” 20th Aurli
"CONFU"
4th May
Via Singapore, renang, Colombo, Hombay, Aden,
Fort Said a London
* Ako Calla Marsellies.
་
FREIGHT SERVICE
loads 27th Feb. for S'pore.
Bwetten- ham, Fenang. Aden. liort Bald. Genoa, London, Hamburg, Rot- terdain & Antwerp-
di Mar. from UK, safix th Mar. for Javan
With liberty to call at Belawan before or after Biraits Poria and at Hombay it inducement ofert. Tanks available for carriage of Oil lu Bulk. Space for refrigerated cargo. Limited Passenger accommodation
201
+
103-104 101-102
0534-11734
110-120
20.20
Closing Prices
+
Paciße Gan & Elec
24.20
Preille Western Oli
No. 4
42
New contract May/June
30.20
Alden Ine. Acy,
Pan American Airways
5 21
July/Aug.
24.60
Allied Chemicals
Paramount Pletares
137
1074
Parke Davis Co.
43
Oct/Nov.
21.00
Allied Mlils Inc.
3416
Peun, Salt Co..
40€
Dec/Jan.
26.25
Allis Chalmers
GA
Pittsburgh Plate Glass
Asnertean Airline
231%
Badlo Corporation
American Metal
30
Republie Steel
42
American Smelting
40%
Reynok Melal
49
American Tel & Tel
1823
Shell OH Co..
31%-3174
21.30 American Tob, "F
777
Saint Reg. Paper
41, Settlement House term:
30.40
Anaconda Copper
02
Sinclair
March
BU
30.00
Arneo. Steel
HALE
Socony Veczem
GIEN
April
31-31
32.3+
AnHour
100
South Porto Meo Bugur
April/June
304-301
33.19
Baltimore & Oto
-#3
Southern National Gay
31
July/September
20-2013
the
Benguet Cons
2
Southern Railway (Com)
1012
October/December
201
Bethlehem Steel
34735
Sinndard Brands ...
General markets, eit baale, ports:
Boeing Airplane
711
Standard Oll et Call
February
EOP
Standard Off of Ind.
51
March
2012-3012
Burroughs Add Machine
30
Standine Ol of NJ.
152
April
30-30
Canadian Pacific it
Sterling Drug Co.
52
Entate crepe thin and thick unquoted.
Khuôn từ, b) Lu
10
Stokely-Van_"Camp,
REE
AMSTERDAM
472% Swift & Co.
1212
Техак С.
1201
Union Carbide
Union Pacifle alway
10
173
Business was done in the undficial exchange market morning at the following roles: U.S. dullar (per #1)
local
417M
Unlett Aircraft
671 kilogram, elf March as follows:
dhis
Consalidated Edison
4724 U.S. GYEZT
No. 1 liber
3.01 patu
Crane Co. ......
95%
U.S. Line Cn.
23
5.10
Crown Zoberbach
STA
1.S. Rubber
Sterling notes (per 41)
10,74
Cuban Amer. Sugar
U.S. Smelling
No. 2 rubber No. 3 rubber Si1⁄4 No. 1 crepe
Australian mulen (per £
123
Diamond Alkali
44
U.S. Steel
The
Indonesian rupiah (per 100)
16.70
Dupont de Nemours
Warner Bros.
Slim Heal (per 100)
125.00
771%
Singapore (Siraits)
1.32
$ 21%
Westinghouse Electric Woulstorth
were
472 Press.
In the United States, ut to be very much active than
everybody average price of 15/16 middling thought. Yc.ferday's bitat 14 designated spot markets be yielding about 5.5 per cent, fanover may be New Year was 35.43 cents. Sates totalled but if the distribution in, say, an $1.60, the only about five per cent.
the plek will market.
bonus money
this stage
At $40, the ex all price will
coming to the 34,233 bales.-United Press,
It is hard to say at the but
picture
be $33.10. On a $1.80 dividend, should be a litle clare: next
they will yield" cent,
about 54 per
week.
The expectation. Is that bullish but on $1.00 they will influences will continue.
yield about 4.8 per cent.
Reducing Reserve New York Sugar
Profils and dividend appro-
priations for the last couple of
years are interesting. Its 1953,
proli was $0.086 million
and
Market
New York Feb. 10. World No. 4 sugar futures
dividends absorbed $7,7 inflilou. Į closed today unchanged to 2
In 1854, prolt was $11.038 mil points higher with sales of 02
lion
and dividendis took uv
$7.815 million.
On a pay-out of $1.00 on million shares, dividends would absorb $0 million of the profit while a $1.00 dividend would take up $8 million,
For the
contracts
The domestic No. 6 sugar futures closed unchanged to 1
Exchange Rates
Doruen (The) C
C. I, T. Financial Corp. Chase Moplist. Bark
Chrysler, Molty *£6. Colate-Palmolive Commitrelal Credit Commonwealth Elte.
Easunan Kodak
Eric Railroad
434 Studebaker-Packard Carp,
10%
21721
13-2
The market was quiet, Prices closed today in muilders per
2.97 buyer 2.94 buyers 3.30_buyers New York quotations unavailable, - United
HONGKONG & MACAO LINE SHIPPING. POOL-Special Schedule.
point higher with sales of 121 SATURDAY, 18th Feb, 1800 contracts.
The Improved undertone. Brats. 5. "TAKSHING” apparent last weekt, continued
for seven bonus to broaden tocny in line with
the company will take $5 the drmer ruling of the raw m.v. “TAI · LOY"
Lic million reserves million.
ironi the general
market,
now standing at $13 Evening up in the domestle
This means that the Heneral reserve figure will go Back to the 105% level of $ million,
This is about all that can be about iedries uni) the sald balance sheet is sued hd the meeting takes place. But the feeing in Ice House Street-or that part of it that I frequent. anyway
that these
thares are hardly worth buying of anything over $45.
Light Again
I mld last week that the China Light poculation hud
For Saturday, 18th & Sunday, 19th Feb., 1956.
MACAO
DEPART
2.00 p.m. 12.00 Midnight
2.30 ..
BENTH HONGKONG
Yuen On Wharf | 24737/37009
OFFICE ADDRESS
20, Des Votur. Rd. C.
7. Ice House BR
8, Queen's Rd, W.
HONGKONG DEPART
8.00 a.m.
Tal Yip Whart
TELEPHONE-
25900/20548
7.00 p.m.
2,00 a.m.
Tak Keo Wharf
38091/20719 -
3.00 a.m. 7.30 p.m.
2.00 p.m. 69,30 a.m. (Sunday)
SUNDAY, 19th Feb., 1950
Contract No. 4 (world)
1.20
3.10
s. s. "TAKSHING”
6,80 p.m.
12.00 Midnight
Tai Yip Wharf
23806/20545 *
Voeux 20, Dra
RJ. C.
R2%
1.20
m.v. "TAI LOY"
2.00 0.0.
7,30 p.m.
3.29
Bôi Em. (Honday)
2.30 p.mt. 00.30 a.m. (Monday).
Apat+(conte Der b. fol
3.24
Contract No.
5. s. "FATSHAN”
2.00 p.m.
8,30 p.m.
Tak Kee Wharf 36001/20710
Yuen On Wharf 24737/37909
3.00 a.m. (Monday)
March
6.30
May
0.42
July
Sept. Nov.
1.04
5.60
Spot-Cenis per 30, of NY
ex-duty)
5.40
alted Press,
Murch contract before the poal-s. s. "FATSHAN” tion expires tomorrow provided another trading feature, Patures.
March May July Sept. Oct. Marchi
Cubal
7. Ice House `St.
#Queen's Rd. W.
N.. All vessels resume normal schedule from Mondays, 20th, Pelig insa.
MH. Beltish Pumpórt hotders zangles vien of thule 'pakkposta "Mỹ" alie Portugume Conttu'in Bongkong Ter shtry” fata Mazno, unibes they had been residents in Hwaşkang forʼmore than two months. All alles pensangere requien similar viss of their pearports for entry inla Masao.
"SURAT"
"SHILLONG" doe
BRITISH INDIA S.N. CO., LTD.
1850-A HUNDRED YEARS OF SERVICE –1030
"ORMARA"
"BANGOLA”
sails 17th Feb.
$2
for Singapore, Penang. Rangoon, Calcutta Chittagong
sails 28th Feb. for Japan
P. GO./B. I. JOINT SERVICE
"ORNA"
"'ORDIA"
dur 22nd Feb. from Bombay & Karachi nails 23rd Feb, for Jupan due Bath Feb, trom Karacht Be 130-
falls 26th Feb.
* "ORDIA"
Rally 20th Mar.
bary
for Japan
for Singapore, Colombo. DOMBAY, Karachi, Bas
& rah. Khorramakatir Kuwait
EASTERN & AUSTRALIAN S.S. CO., LTD.
"NELLORE"
"NANKIN"
1410
4th Mar. from Japan salla 6th Mar. for Sandakan, NABAUL,
Brisbane, Sydney, Mel bourne & Adelaide
duo, 17th Mar. from Australia
Balls 18th Mar, for Japan
All vessels have liberty to call at any poría on De
off the route & the route & smiling are subject
1 to change or amendment with or without notice.
For full particulars apply toi- MACKINNON, MACKENZIE & CO. OF HONG KONG LTD. Telephone Nos. 27721-4.