TRADE
INVESTMENT DWINDLES ON THE MARKET
By A Special Correspondent
The share market continued on its unsteady course this week and on balance prices at the close were slightly lower.
THE CHINA MAIL, FRIDAY, MARCH 9, 1956.
and
COMMERCE
★ The Share Market At A Glance ★
RK Dock
Pravident HK Hotels
BK Land Humphreys BK Really HK Trami Star Ferry
9.30
2714b
300-
Feb 0
HK Dank
1775
Feb 10 1800
Feb 23 1750
Mar 1
1080xd
Lombard
Gob
604b
57
50
Mar 8 1685
56b
Up or down +$5
Union
-1005b
1010
080
0751
$90
Underwriters
9.20m
0.10b
9.101
0.101
Union Wboat
25.10b
25.100
201
206
+$15 +200 +$1.50
Wheelocke
0.00
8.85
8.753
8.00
8.50
...100
HK Wharf
7in
12
72
70b
72
3314
38*4
35
34%
+12
-250
18%
1512
14.75mm
14.10
14.25ris
-150
18.10
18
17.03
18.50
18.40
100
64
64
0244
0130
63
20%
10.75m
19.70
10.50%
18.30 xd
1,60bxa
1.625
1.525
1.45b
1.50m
++$1.50 +200 +60
26.10
25.50
26
24.00
23.00
700
143
144
145
190nxd
1300
steady
Yaumatis
100
108
104
103
100
+$1
Ch Lights to)
22.70
22.70
21.80
21.70
21.00
-100
Ch Lights in
18.40
18.80
19.10
18.00
18.75m
--150
Electric
44
48
43
31
30
750
34
32
32
32
39
394
384 In
34x0
33
sleady
250
16.80
18
17.40
17,40m
17.30
10c
A.S. Watson
12.75m
12.70
Lang Crawford
3844
Yangisze
0.901
son
7
12.00% 30n
12.80m
11.80
30n
354
7n
0.70b
the
Allied
6.50
6.555
6.25
5.35m
UK & FE Inv
11.50
11.40b
11.30m
11.20n
11.30
+ 100
Textile Corp
3.00% 7.00b
0,50
5.36
5.40
3.25b
***.15c
7.75b
7.7511
7.00
7.40b
There was a sharp fall in turnover from $6.04 to $3.56 million. Brokers report that the gold market has been drawing money away from Ice House Street again.
One man I know of sold $7 million yesterday.
worth of gold
I wouldn't like to say that was typleal of the daily transactions on the gold exchange, bul even
so it does Illustrate vividly what I mean when I say that it is a
more popular commodity than shares at
moment.
Certain
"
Institutionul buying, central district whe imminent. 011 the Klu
market
its report, I gather, Than
muy dwindled considerably in recent prematuro but rightly DI wecha and The beller is that
wrongly many people seem to be Minking the tunnel project with i the stoney has been diverted to
the diaposal of the military land to Government.
-
A
Brokers saki 1 his column Just week itust the fear เร Clives therese in the risks kowan
pressing the
extent
ley
הו/1.
e-
market to song
are also saying that last year's ortier by the Hongkong anet Stazhai Bank to some of its clients to reduce overdrafts
potent influence
لمراف
very
whi
art or rather were--big buyers in the moj ket
yester
One broker estimated day that his business had fallen roughly by tulf sinee the betght
of last year's boom in Fune rad July
So what with the attraction of gold and the fear of the Bank brokers are pretty pessimistic about the krmediate future and the outlook Is ctual
tare very uncertain.
ዩ።
A statement is clearly needed -14 this subject, and one rempted to add "early" but I'm told that the sickness of one of The leading committee members have delayed a decision. may
Under these circumstances it in unfaly to press the issue at the moment
Generi faland Cement,
Daley
RK Telephone
6.1. Cement
Dairy Farm
Nanyuus
NY COTTON
FUTURES
SEE-SAW
New York, Mar. 8. Cotton futures today see-
on
Farm and Lane Crawford all¦ sawed over a narrow range
how light losses on the work.
today
while traders await Watsons have slipped $1. AS
news of the vote
the They took a sharp dip on Mon-
from
versus $12.10 $11.70. Bexible
rigid sup- Fusibly second thoughts on the ports in Washington, pastured prvát emused the fall
that Uncertainties an Rubber prices have been up plus nervousness over and down They use
to 103 repereussion from the
menta new rents & lb on Tuesday
export Straits
lan kept traders from bat slipped buck by close it OR
Amalgamated turing too far either way. cents yesterday.
At the close the list ruled 4 Jowet to 17 points highet.
"u were up Opening prices
followed them up arul down but Stubber Trust have been rather
This is the market atmosphere quiet
at the manent. Any wonder
that most shares fal week wert lower
Of the 29 quated in the
adjoining panel, 15 were lower.
week
Jugher were Two were steady
Phones Dividend
There is n
much gossip to repasst either Although there
yesterday Teeling
W
Telephones were going to an nounce its increase of ten cents in their dividend Unst they paid $1.50 out of a profit of The anricprcement $3,012,899 is expected any day 1 stand.
3211-2-
TODAY'S SHARE PRICES
ISSUCA. possible Ģovem- dispostil
vel-
of polls. New Orleans closed elf to up 8 points
and
Volume
དྷནཾདྷབྦཾཝཱ;
Month
March
Max
Det Dec
OJEN
Interest
Voluise Open interest
B.200 42,000
34.000
400,0
(38,AQU
313,100
26.400
303,000
20,300
325,500
Ma
3,200 117,100
VERY
2,500
80.000
July
4.200
34,000
! Tota!
155.200
1,010,000 buler
(From Our Correspondant)!
Business ren in the Hang- kong Stork Exchange T mig painted tes
appro-i $290,000 Noon quota- dreidends and the morning's transace Labsorbing $257,148 and s
in
Union Waterboat Jusnounced Ximately
unchanged $1 80
LIVERPOOL
344
5.60
Anglo-Burmese
Tin Deal
сот-
Rangoon, Mar. 8. Negotiations were com- pleted today for an agree- ment between the govern- ment of Burma and the British-owned Consolidated Tin Mines of Burma, Ltd. to work jointly the pany's plants.
The Government will get cent share in the A 51 per Joint venturo. The company owns mines in the tin-rich Burma Brea DONE the south coast. Its installations in Burma are estimated to
bo
worth
£3,000,000. —- United Press.
CHRYSLER
RECALLS WORKERS
Detroit, Mar, 3. Chrysler Corporation will re- call 4.700 of its hourly workers increased next week to handle production schedules that be Fome effective March 14 at its
Future closings, in pence per Pymouth Division.
Oct/Nov.
IL
WITC As follows:
old contract
Mar/Apr
23 Du
May/June
2537
JAYFAIR
24 45
New contruct
May/June
TL 49
July/Aug.
27 00
2020
Dec/Jan,
20.05
Egyptian Karnak
"Mar/Apr.
51 35
20 1985
SAO PAULO Future closings, in per kiln were as follows:
cruzeiros
March
May
July
Oct.
Dec
for two bumus usge They make SHARES BUYERS SELFIES BALES $1.50
week to $274
buyers, but as these shares are very closely held there has not explement in the ten much
mikel over the anhtranvement.
soven μετ
„Mercantile Bank auntsuance #1 (less tax) dividend. They also state that no further dividend will be de- clared for 1955. This share is listed on the Hongkong Stock Exchange but is very rarely dealt in now.
Chartered Bank, another rarely dealt in share on this market, announced a seven and a half par cent final (less inx) making 15 per cent for the year.
Yaumati Prospects
The Yaumati dividend is due Inter today. In 1994 they paid an Interim of $3 and a flňal of $5. Last year they made one for two bonus issue and
HANKS
TK Bank
INSURANCES
Faserd
DOCKS, ET
K Whert Dusk Prezident
COR Wheydock
LAND, ETC
30
4273
1
1420314 00
B A HU
400
20 00
20.20
30.30
32,70
32.70
In the US the average price
It reported earlier this week
{ Plymouth vales have been in creasing.
rs-
-50c
30c
+10%
~~~200
WORLD
RUBBER MARKETS
Singapore, Mar. 8. After opening lower the rubber market steadied on short covering with sellers reserved. There was some trade offtake,
Future closings were: No. 1 rubber
March
April
May
per lb.
No. 2 rubber per 1b Mar. No. 3 rubber per ib. Atar No. 4 rubberper ib. Mar, Spot rubber inibaled Blanket crepe
No pale crepe.
LONDON
0914-100 19-08 unquoted 97-9744
00-00), 087-160 9214-0414 1134-114
SECTION
Page
Prices Continue New York Sugar
To Rise
On Wall Street
New York, Mar. 8.
Prices on the stock market moved higher today on increased volume.
The rise pushed industrial shares to a further new all-time high. Utilities reached their best levels since April 13, 1931.
The upswing in prices, how-, Poelfie Gan & Elec. ever, lacked vigour. Gatns were limited mostly to the fractional A low of the specialties managed to post good gains.
zone,
Market news was generally on the quiet side. Even the large number of carnings reports being reloaned at this time failed to SURP the market out of jethargy.
Wis
Volume
slightly above yesterday. Transactions on the day
totalled 2,300,000 shares, compared with 2,380,000 shares: In the same period yesterday.
Rails Best
New
York Stock Exchange bond volume was $4,000,000.
American Stock
Exchange volume was £1,330,000 shares.
Railroad shares made the best showing, A few of the leaders here had mina running to more than point Kansan City Southern moved up 1 points to $80. Union Pacific tacked
011
ما
a gain of 11⁄2 points $180 Southern Railway add- cd 14 points to $105% Santa Fe at $150, was up 1%.
A number of the metal shores met good buying. Alcoa
The market was quiet but jumped 2% points 13 $944.
steady with spot quoted at 291⁄2 | Anaconda firmed.
pence per lb. Prices: No pot
Settlement house ferm
Apri
May/June
Oil equities moved irregularly 20%-209;
In the motors, Chrysler hop- 294-20% ped 1 points to $751⁄4- 20-291
issues Of the 1,188
traged. 22534-201 29-201 578 closed higher, 354 declined New and 236 held unchanged. highs 1955-50 higher -were registered
July/AMK
September/October
November/December
7776-28
General markets,
elf
basis, ports:
29.2014
May
June
2014-20 283-25
Estale
5.
erepe unquoted United
NEW YORK
The No. Rss futures closed urey 25 to 30 puinis higher with sales of 114 contracts,
The standard contract closer 20 to 60 points higher with salez ! of 20 contracts.
Futures:
by 60 stocks and seven made new lows.
Dow-Jones closing averages
were:
30 Industrials
20 rails.
18 alities
53 locks..
40 bonda
Market
New York, Mar, B. World "No. 4 sugar futures closed 1 point higher to 1 point lower with sales of 188 contracts.
The domestic No, jugar futures closed 1 point higher to 2 points lower with sales of 270 controots
Trade buying ordera predo- minated in both contracle with steady undertone, prevailing in lino with tha raw aftuation.
In world
German raws, brokers were accredited buyers of 10,000 tons of Cubano at 3.35 cents a pound, tob. Dolars thought the rale may have been made
recently
under the
negotiated Cuban-German trade
agreement Destination of the sugar was not disclosed,
Futures:
Mar
51%
Pan American Airways Paramount Pictures
2014
Contract No. 4 (world)
331
Farke Davis Co.
May
19
Fenny . c._ Cu.
DAY
July
Penn. Salt Cu.
15
Sept
Oct.
Philip Morris ..
**
Procter & Gamble Co.
1034
Pubilcker Industries
10
MAY
Puro Oil***
441%
July
|
Radio Corporation
43
Spot-teents per lb, tob
Republic Btesi
404
Cuba)
3.35
She dll Co........
7744
Contract No. 6
Bain Beя. Pepor
471
MAY
Silal Oil
dit
July
0.43
Becony Mubkall
70 P
Sept.
South Puerto Rico Bugar
at is
Nov.
0.68
Southern National Gas Southern Hallwny (Com.) Standard Branda
Spot-(cents per lb. cit NV
ex-duty)
8.60
United Press.
Standard Oil of Cal Binndard Oll of Ind
95
Standard Oll of NJ
Studebaker-Packard Chr.
Текля Со
Swift & Co.
Tide Water Ama
Twenty Century Fox Film Union Carbide
Union Pacific Railway
Unlled Atreraft
US Comm
U.S. Line Ciu. vs Rubber
6. Smolling
US. Steel
| Warner Bras,
Westinghouse Elevirie Wert Va. Pulp & Paper Woolworth
4037
NEW YORK SILK FUTURES
Silk
New York, Mar. 5. futures today closed
unchanged to lone cent lower
with sales
contracts. of six
Closing prices were:
4.18h
63%
March
April
2176
May
鹅
June
01
July
August
Untied Praw.
4.15h
4.10b
L
4.10b
-United Prass.
PO B∙IE
E&A
COMPANIES
PENINSULAR & ORIENTAL S.N, CO.
PASSENGER/FREIGHT SERVICE
"CHIUSAN"
"CONFU"
"CANTON"
Leaves London
Sated
Doe Bongbong
zúa APHI
13th Apeli
492.30
184.24
Outwarda
06.73
174.87
“CARTHAGE"
09.00
15th March
Comin, future price Moody's Index
10048
103.00
27th March
30th April
Closing Prices
23th April
29th May
No. 1 Rss
33. 34.08
Allied Chemienia
$115
Allied Mills Ine.
15
33.15 All Chalmers
133
12.th Amertean Cynnamide Cr 32.05 Am. Mach. & dry
71
271%
American Metal
6016
STANDARD CONTRACT
*"CHUSAN”
16:37
"CORFU"
34.03
"CANTON"
The recall will reduce the number
of Chrysler workers not working since the middle of March December last year to about May July 20,000 and will increase their
September total hourly labour force to an December estimated 104,000.
new cars
The corporation retailed 90,400
February which May was 13.0 per cent more than July
September thon December
Match
January but
less 10% February of last year.-Reuter,
of 18/16 middling collon at 11 WINNIPEG GRAIN
A 40 designated spot markots WAR unavailable today. Sales totul-
150
Hel XD 13 BO 12000 14 NO
K and XD G1 Gy Humphrey
XD
143 30 Realty
HUDBER
152 3000 m 1 50
A. Rubber 1,70 1 30
UTILITIES
Tran
24 14.30
Yimati Ferry 104 105 190 1 C. Light (Đ) zij 21.70
..
Bleecke
X All Telephone INDUSTRIALS pal an
Cement XD
STORES. ETC.
Dairy
Interim of $2.50. The talk Ja that the anal will be between $4-4.50
Vibro Filling have announced a $1 dividend and $1 bonus. In 1954 they paid $2.50 in dividend and bonus ($403.750) out of a This year profit of $457,999. dividend and bonus will takò up $323,000. The company is also making a one for four bonus issue.
012
Looking at the market, Banks
(UP
a little brighter at $1685
on the week).
$5
Union
have also improved slightly, by
$15 to $900,
Wheclocks, are slightly casier
on the week but their
has been due to inactivity.
decline
In tho dock svetlon, both
Wharves and Providenis
aro
100
led 14.700 bales.-United Press.
PRICES
Winnipeg. Mar. 8. Prices of grain futures closed today in cents per bushel as
New York Coffee follows:-
Oats
·
Market
New York, Mar. 8. Santos "S" coffee futures to- day
BOLL
7541
May
July
Oct.
Kyc
May
12034
July
118%
closed unchanged
with
Oct
110
353000 400
30 sales of seren contracts,
Barley
The "B" contract, closed un-
polnis changed to 10
May
10012
July
lower
Oct.
100%
31
17 40
with sales of 213 contracts.
The "M" contract closed 10 50 points lower with sales 10 of 224 contracts,
Flaxseed
4)814 400
354
Wniron 11.60 11.50017
L. Crawford
COTTONS
Textiles
MISCELLANEOUS 11.K. & FE
Invest
11.10
12201
May July Oct.
38 Whent, No. 2, northern, No. 9, after 100% conts; No. 5, 128 cents.-
to United Press,
Prices railled
partially early casiness responding 000 or 5.33 dealer buying and short cover
ing, but buyers generally ap- peared cautious on the Brazilian 360 11 30 exchange altuation,
Singapore Stock Market
Singapore. Mar. 9. Brokers today quoted the fol-
Hittle higher, but Docks lowing stock prices:
are lower.
.
In the land section, Lands and Botu Lintang Rubber Humphreys are higher, but Ltd.
Hotels have lost ground and close ten cents lower on the week at $18.40.
In the spot market, Santos 45 declined 4. cent to 30% cents. Futures:
March May
July
September December Marchi
London Wooftop Market
London, Mar. 8. Wooltops market glowed today steady with sales of 47 lots, Prices in pence per lb, were!
104-10412 7031-104 102-103 100-103 102-10215 104-1021 10114-102 10113-10316 101-101
72.70n
87.70
G$40
61.73
60,10
5750
Mar.
-United Prest.
May
July
Oct,
New York
Dec
Mer.
May
July
Oct
Cottonseed Oil
Now York, Mar. 1. Doc.
Prices of
oki cottohooed futures cloned today in conta per lb, as follows:
Opening
Ord
Utilities Lase Ground
In the utility section, only gen Cad.
2. $1.00 Kridah " Borneo” Petrojetap
Byndicate
.7 41/0 Consolidated Tin
77/08 Teaser de Neave Lü. Orð. $1.70 Priser & Neuve Ltd, TX
eum. pref. **
$0.25 Hongkong A Shenghal
Banking Corp
$900 xd 1751 Kempas_LAD.
March May July
Beptember
October
December
JANURTY
$1.80
Youmat are higher on the week. La Rubber Estates 1.10. 24.17 Telophone and Star Ferry are | Malayan Breweries around $3,40x4 both steady. And the othern nro New Brandon Hubber Co.
Gld,
down.
Pealing, Tin, LAST I thought the Financial Secro-Rames liotet tary's remarks about the tunnel inpore, Cok) StoreRe last week might have affected South British Insurance Yaumati, particularly when the Strat Trading China Mall publishes the news blivit gleamship on Saturday that the sale of United Engineers Ord. part of the military landa in the
Werme Bros.
michans "baik 'spedes,
16.001
16.70
18,80
.....
15.00-70 15.30 14,18 11.00b
Sales 344 contracte.United Pr
Exchange Rates
Bavlnej, was done in the local whois exchango
AMSTERDAM
American Smelting American Tel. & Tel. American Tob. "B" 33.00 Anaconda Copper 32.00 Armco Steel 3190 Baldwin-lama-lam 31.00
The market was quiet, Prices closed
gram, elf Murch as follows: today in guliders per
No. 1 rbber
No. 2 rubber
No. 3 rubber No. 1 crepe
2.80 norn,
177
2.02 3.00
**
-United Press.
NEW YORK SPICE
MARKET
New York, Mar. 8.
Baltimore & Ohio Bendix Aviation Corp Benguet Cons
Bethieliem Steel
Boeing Airplane
Borden (Tho) Co.
Burroughs Add Machine Canadian Pacific R. Cane (3, 1) Co.
CI. T. Financial Corp. Cat, Tractor
Celanese Corp. Chrysler Maturs Colgate-Palmolive Co. Consolidated· Edison Continental Oil of Del. Crown Zallerbach Cuban Amer, Sugar Diamond Alkali Dow Chemicals Dupent de Nemourn Eastman Kodak
Paro National Gas Erie Hallroad
Spice dealers reported a con- | Family Finance Corp.
General Electric
the
General Foods
General Molors
tinued quiet situation in binck pepper today although market had a steadler overtone
Gen. Pub. UI. In line with cables from supply | Glidden Co.
centres.
Goodrich 13. F.) Co. Goodyear Tire
Malabar spot, afloat. and ship Heyden Chemical ment positions were Indicated Homatake Mining Co. | nominally at 921⁄2 cents, with Ingersoll-Rand
spot white Montok at 40 cents, a pound, ex-dock, basis. United Press.
LONDON METAL. PRICES
London, Mar. 8. Prices closed today in sterling per long toh as follows:
buyers sellers Th
Inland Steel Co. Interchemical Corp.
Int Business Machines Int'l Harvester .... International Nickel InternationalPaper Int'l Tel Tel John Manville Co., Kansas C. Power & Light Kennecol Copper
Tab. Ligquit Meyers Lockheed Aircraft Low Incorp. Lane Blar Cement Co. Louisville & Nashville R. Lowenstein & Kons. Mosabt Iron Corp. Monsanto Chemical Co. Montgomery Ward
Spot 3-month Coppar
#2215
705
787!
Motorola Ins.
National Cash Reg. "A"
Hipot
430
43016
National Dairy Irod.
3-month
418
41812
National Land.
Leit Jet ball-
Nailonel Biss). Corp.
Now York Centri
May...
110
11912
· Zing ist Jama
March
102
2003
May
—Unllad E, Dur.
March 301-101-3 *United Press.
New York Wooltop
Market
Now York, Mar. 8. Woollop market closed today steady, unchanged to points Prices in cents per 1ḥ, Flower,
1503-154.5
NEW YORK METAL
FUTURES
New York, Mar, 8.
Olir. Malliiesení
Elevators
Owen-Illinois Class
07
430
London Foreign Exchange
Prices of matal futuros closed | New York today in cents per 1b, as follows: Montreal
Lead Mar,
London, Mar.
10011-80-7/10 2.19-110/
160
were:
$1.50
March May
107A-1673
Amsterdam
$0.70%
13,39
186.8-187.3
$1.50
market - D
moming at the following raten:
$27.50
US, dollar, (per $15.
October December Μάταλ
157,3-traded 10625-100,4
· · April
Mynskfurt
-Tin
99400
Liation
April
90.000
$20.30
160.0
$18.00 20.30 od
22.00
Australiah Kotol (per GIMN
Indonesian ruplah per 100) Blam ties] (per 100)
singapors (Biruito)
Aurli
1941: Blockholm
Spot Volume
Curich ·
12.2333-1.23.
280.000 1.
April
$1.45b
Ollars wore
United
ited Press.
Via Southampton, Port said, adeo, Bombay, Colombo,
Homewards "CARTHAGE"
Penant a Singapors.
Leaves Hongkong Due London
0th April
1th May
20th April
27th May
*
6th May
4th Jime
bat Jupe
2nd July
Adu,
$
Γ
Alto calls MARUKILLES.
Vie Singapore, Penang, Colombo, Bombay,
Port Buld a London.
"SUNDA"
FREIGHT SERVICE
Que 24th Mar.
"SHILLONG"Joads 20th Mar.
from U.K.
for S'pore, P. Swetten- ham, Penang. Adap, Port
Havm.
London, Hamburg. Hot- terdam & Antwor
With liberty to call at Belawan before or after Straits Ports and at Bombay if inducement offers. Tanks available for carriage of ait in bulk, Spaca for refrigorated câyço, Limited Pataenger Accommodation.
BRITISH INDIA S.N. CO., LTD.
1850 - A HUNDRED YEARS
"WARORA”
Kalle 10th May.
OF · SERVICE · — 1950 for Singapore Fenang. Hangoon, Calcutta Chittagong
"SANGOLA” aalis 22nd, Mar. for Singapore, Penang,
Rangoon & Calcutta
P. & 0./B. I. JOINT SERVICE
"IKAUNA"
duo 13th Mar.
salle 14th Mar,
dae 10th Mar. satis 2018 MAT,
from Karachi & Bombay for Japar..
from Bombay & Karacht for Japen
"BIRDHANA"pal® 20th Mar,
salti 29th bfar, for
"ORDIA"
*
*
дом.
for Singapore, · Fenang. Cochin & BOMBAY
Singapore, BAY, Karachi rah. Khorramshahrid Kuwali
EASTERN & AUSTRALIAN S.S, CO., LTD.
"NANKIN"
Aug. 22nd Mar:"from "Australia salis murd Mar, för Japan
All Vosnois-havo Uberly to call at kay'perts an ́or off the répla' à tha qonda' à sailing are rabjeet to change or amandment with or withouts wetios.
For full particules apply to MACKINNON. MACKENZIE & CÒ HIT HONG KONG ITO. Telephone No. 27721 1.