Page
THE CHINA MAIL, FRIDAY, NOVEMBER 1, 1957.
TRADE and COMMERCE SECTION
Part
H.K. MARKET DECLINE HALTED COTTON FUTURES
Issues Recover Lost Ground
TURNOVER UP $12M
By A SPECIAL CORRESPONDENT
The decline on the Hongkong Stock Exchange has been halted—at least for the present--by better sentiment on the market with many of the stocks recovering some of their lost ground.
1
Contributing facture to Improvement may be the de- create of tension in the Middle East, and the steadying influence
of Wall Street.
Jou!
market closed a shade steadier than of lale.
Market Diary
Here is a market diary of the
Last Tuesday was the lui- point for ther market, when the major issuer im-week:
Friday: the luurver for proved and the day went up to the eight
Jakh mark.
Baules
Nasty Fall
and Unions luoit
Monday:
Tuesday:
Slight improvement. -T/O: $145,000
Qui:1 conditions.
T/O: $302,000.
Sentiment better.
T/O: $842,000,
Wednesday: Virtually unchang-
sty fall, bath on account of Thursday:
the London Market,
Banks--
£43 in London-sild down to
loss of $12.50 for the. $827.50, week, while Untants dropped $10 with sale yesterday at $77. They are £4-10-8 In London.
Utilities had the best gains of the week with the exception of Yaumatis, which dropped
tu
$05 on Wednesday. They Im- prove somewhat yesterday with R middle of quole $00, loss
of $3 for the week.
The Blue Chip which made the most ground was "Telephone.
They made up for the week's losses and some of their pre- week's with sales $27.20 vlous
China Light regained the 30) cenls it lost last weeks, while Electries only improved 10 cents, closing
$27.40
ed. T/O: $277,000.
Frading l light scale.
$308,000.
4:0:
HONGKONG
STOCK
EXCHANGE
Our Own Correspondent
Business done on the Hong- kong Stock Exchange this morn- Providents, which have beening amounted to approximately rather stendy throughout the $252,000, Noon quotations and year, pushed alread This week
this morning's transactions were: gaining 30 cents with a sale at
Buyer Ballo $11.00.
Higher Ground
Walcons
Dairy Both
ward Farins, whleh have shown te concem over recent fluctuations market, made up for of the their small losses last week and continual unto higher ground.
Cements Took a deep plumte this week dropping $2 lu ter days, This stock went down to $23
and then Tuesday levelled out and elinizd back
slightly higher
ground yesterday win a bayer's quote
tilת
on
of $23.40.
Shares
BANKA
HKC Bank. 800 8071% East Asia. 270 INSURANCES
Union
77
Lombard.. 24 SurPING Wheelock.
6.83 0.05
DOCKS, ETC.
Duck... 6112 Provident,
10) ..... 31.70 12.10
Gates
10
830
100 (
100 GE
ПK Nank Lombard
Union Wheelock KIK Wharf
KI
Down -$13.80
+250
Glance * The Share Market At A
*
Ķip of
Oot 3
B6214
Oct 10 800
Oct 17
85-40
Oct 24 810
Oct 31 887:26
2434
32b
3b
b
90141
BOA
BTM
77
$10
7.45
1.50
6.90xd
1.78
6.90
+1.50
122A
1220
1200
1200
1100
HK Dock
5215
3814
5311
520
01b
Provident
11.70
11.90
11,60b
12.60b
11.80
+300
HK Hotels
14.99
16
24.00
14.8K
1679
+1.50
HK Land
2414
34
HK Realty
1.76
31
33.50
33.7A
+250
1.40R
1.878n
1.35b
23.19m
28.20
23
22.70
22.30
+200
1310 102
1130
1Jin
1300
1294
1
102
100x
994
90m
18.00
18.800
18.70
18.20
13.70
跳
28
28
. 27.00
27.30
27.40
+100
27.20
27.40
27
20.70
BT.20
+590
28.
27.40%
28
25
23.442
LED
18.80mand
10.20
16.10
10
16.30
12,00
13.20
13.10
13
13.20
+350 +200
Yangiste
6.450
€4in
0.45%
0.450
545xn--150
Allied
4.20%
4.15%
4.15%
4.10
da
HK & FE Inv
10
9.30b
9.50b
0.90%
1.900
4.40m
4.40m
4.37a
4.35b
4.375
150 steady +240
9.05%
1.550
9.551
9.5521
9.85%
alexdy
HK Trama
Star Ferry Yaumatis
Ch Lights
Electrics
HK Telephone
Gi.l. Cement
Dairy Farm
A.S. Watson
Textile Corp
Nanyang
1.400
WALL STREET
RISE
STOPPED SHORT
New York, Oct. 31.
A sharp decline in car loading marred what might have been another general rise in the stock market today.
Rallroad shares turned lower | Cuban Amer, Sugar
as soon as the loading statement
was printed on the broad-tano tickers. Other sections of the market fell from their highs,
Diamond Abali
Diamond Blaten
Douglas Aircraft
Dow Chemionis
Dupont de Nemours Eastern Airline
Ralis registered same losses Eastmna Kodak running to nearly two points. El Pasa National Gar Aircrnits slipped back after Family Finance Corp.
Firestone Tyre & Rubber another good rise. Motors were Ford Motor....... slightly lower despite a sharp gain in production," Olls were irregular with Gulf tower Amerado higher.
Special Issuem, at ene
up one to three points. turned Irregular.
Tobaccos
General Electric General Food General Motors Gen. Pub. Uta. Gelt O11
2914*
LONDON
CLOSES EASIER
stock
London, Oct. 31.
market
A batch of unfavourable corporate nows scared off traders today and the closed easier.
Rofleeting higher prices of copper on world markets copper
1 shorey cored widespread gains in early trading but advances were trimmed at the close as profit-inking developed.
43
17544
MARKED DOWN
Government issues
WORLD RUBBER MARKETS
New York, Oct. 31.
Ex-rubber futures closed 27
DRIFT TO
LOWER GROUND
New York, Oct. 31. Cotton futures today drifted irregularly lower as more favourable crop weather news brought a noticeable. pick-up in the volume of hedge selling.
Technical realising follow- |ing the... föroweek riso to 693- and appoint-
LIVERPOOL
Cotton futuro closings, în pence
to 60 points higher with sales of 81 contracts. Novi 28.00: Jan: 20.25; Mar; 20.30; soñal highs, May: 283; July: 23.50! septi záži|mant over the continted" "slow | per Ib. were on follows:
ituation in textiles, pointed up Standard contract closed 27 by reports of further mill cur- tallment, also acted as a drog on prices.
Nov: 2020.
to 60 points higher with no salon reported.
Nov: 2820; Jan: 2829; Maṛ: 28.39; May: 2830: July: 2830; Bept: 2003; Novi 8.20.
Firmer undertone
At the close the lat ruled refected lightly above the day's lows the overnight improvement in but killi of 13 to 22 points The market opened off London cables and a coincident o pick-up in the domestic factory six to 12 points. Now Orleans
closed off 16 to 10 points. Idemand for delivered rubber,
Higher automobile produc
The Liverpool Market clased tion aided estimates. Techni-10 to 22 points higher on the ciana niso thought the recent old contract and up 11 to selling has been overdone and points on the new type Ameri- that "the market was ripe for oan contract.
n technical rally."
In the shipment markel, u fur-sized toannge was reported worked from Malaya and Indo- neslo. Reported sales included Nov-Dec. ulle sheets at 27% cente. Spot No. RSX was quoted at 23% cents.
SINGAPORE
The market opened lower on pverseas advices and ruled quicily steady sluring morning with minor tions.
und short
the fluctua
NEW YORK
Prices of cotton closed today as follows:
Old contract
DeosJan. Oct/Nov, unquoted:
Kar/Abe.
$.70:
May/Jun 2381; JULY/AUK. BAZ;
Oct/Nov. 247.
May/Juhe
New contract: Dec Mar Apr. 2003; July/Aug. 20.50: Dei Nov. 245.
SAO PAULO
Cotton futuro closingo, in cruzeltos per kilo were as fol- Jows:
Dec: 38; Mar: 30.30: May: quoted: July 40. 17
futures
Spot: 25.2011! Dee: 34.01; Mar: 34.91; May: 34.94; July: 34.59; Octi 33,39-40; bec: 33.33; Mar: 33.32.
NEW ORLEANS.
future
lon
-11
In the United Blatos, the overage price of one-inch cpt- 14 designated spot markets was' unavailable.
Total sale at 12 markets Wenu 40,385 hales, - United Press,
NAMESAKES
Jesse Owens,
Com-
Prices
of colton
Answers: Jump, 2 Velbelly, 3 Sprint, 4 Press, closed today as follows:
6 Berlin, G [Olymple, 7 Winnor, Spot: 37.75: Dee: 34.80-01; Mar:pettior, 9 Seconds, 10 Stadium. 24.00; May 34.81: July: 14.54-50: In the afternoon the market Oct: 33.28; Dee: 33.30: Mar: 37.31. leadied on buying of lower covering. sheets Futures;
No. 1 rubber per lb. Nov: 20-0014: Dee: 0014-0031; No, 2 rubber per in. Nov: 784-18.; No. 3 rubber per b. Nov; unquoted: No. 4 rubber per b. Nov: 73-734: Spot rubber unbaled: BD-504 Blanket crepe: 65-7: No. 1 paše srope: 85-87
LONDON The
rubber steady with spot quoted at 23-13/16 pence per ib. Prices:
No. Har spot: "234-22. SetUement ficure term:
654
marked down
1/4 in
were Hight
trading.
Industrials
number of
declined company
and
time Gliden Co
312
were
Goodrich (B. Fo. feedyear Tyre
30
Gulf Oil
Homnetske Mining Co.
Heyden Newport Corp.
12
32
Ingeroli-Rasei
Inland Steel Co.
34
301
strong for a time by then, too, apped from their best levels,
Take Profits
Reports of fairly
for copper mand
sa higher prices
Interchemical Cory.
Business Machines Int'l gond de-int1 Harvester metal and International Nickel in the London mermattenat_Paper
Int'l Tel & Tel seized on John-Manville Co.
metal market were
as excuses in take prouts in Kansas C, Power & Ligh
ILK Hotel 14.00 14.70 1,500 14.70 the copper
2 3 x 1
LAND, ETC.
1 Land
334
fumphreya
1.35
Ainaig Trust UTILITIES
1.476 1625 10,000 7
14
*2.80
༞-་་
18.70 150
Yangisze Finance Company. | Pratis
this week Star FITT 35 cents -dropped
ufter bring quoted ex-dividend. Light This stock had a sale earlier in the work at $6.15.
Tally for the week improved last week's. considerably over This week there were 12 stocks higher, two unchanged and ten- lower, compared with two higher, Ave steady and 17 lower Inst Thursday.
Turnover
jumped from the very low or million mark Just week to $2.17 million.
Improvement
Here is an Ice House Street observer's account of the market:
Skans of better sentiment on Tuesday assisted in Biting the Stock Market out of its
recent doldrums and, although small, there was Improve- ment in the overall turnover which amounted to approxi- mately $216 million com pared with $1 million the previous werk.
re-Kennecalt Copper
shares which treated after several sessions of advance.
Higher auto production and higher prices for innny putos fell flat as entives for the auto- 231,500 290 moble section which late in the unchanged. day
about Bethlehem Steel dipped in advanced of its earnings state- ment to come after the close of the market.
16.00
Electrle..
200 27.50 27
1.000 # 21.60 Macko E... 10,40 Telephone ***1.20 100 220 INDUSTRIALS. Cement
23.03.10 Hope 14.00 STORES, ETC.
Dairy Wation 12.00 13.20 Lane, C. 18.70 13.00 Emporium
****
COTTONS T'exiles Nanya..
10.20 10.40
M.00
216
Was
O 1,170 issues traded. 488 were higher, 388 lower, 204 203- 400 8 23.00) changed.
New-York Stock Exchange 10.30 bond volume was $4,410,000.
Slock Exchange American volume was 740,000 shares.
Dow Jones closing averages were: 442.04 110.9t
$54
סנ13
200 13.00
30 Industrial
F0
rela
15 utiles
New York Sugar Market
New York, Oct. 31. World No. 4 sugar futures closed five points lower to two points higher with
69 stocks..
41 bonds
Comm. future price undax
Closing Prices
Aidon Ine. ADX. Allied Chemicals Allled Mille Luc.
Alle Chalmers
Am. Brake Shoe American Airline American Cable & Radio Corp. American Cyanid Co....
Amer Forte Power Am. Gas & Electric Am Machdry. American Metal American Belling sales of 245 contraets, Am. Sugar Rehm Domestic No. 6 sugar futures American To Tel
Fob, "" closed unchanged to one point Anaconda Copper
Armco Steel malca of 17 con- Armour made lower with with
Allas Corts, Mining headway
Tele-tracts. phones being marked up 50 Lower tendencies in the world Baldwin-Lima-itam.
Baltimore & Oilo cents. Chinn
Lights
contract and
reflected the
lower Beneficial Fancy Electrics Wert also
Tuwmarktet and news that Bendix Aviation. Corp. Brazilians were available at a Benguet Cons.
Utilities generally
Boma
on
discount under Cubans.-
East
Germany
belier supported. Yaumati Ferries,
sharply however, felt Wednesday to $95, but opened with buyers at this level yesterday.
Dalty Farms have shown further improvement under steady demanal.
to
A
Bethlehem Steel
Boeing Alplanc reportedly Borden (The) Co. sold a cargo of refined to Burrough Add Machine
Campbell Soup Co. Egypt.
Canadian Pacific 1. Austria was expected to cn= | Case (3. 1.) Co. ter the market next week for Cat, Tractor 40,000 tons of rows, including 10,000 tons for Nov.-Dec.
Calanano Corp.
c. I. T. Financial Corp.
Chase Manhat. Dank
1 Contract No. 4 (world); Ji00: | Chrysler_Motorr Cements fell to $23_before 1.54; Mar? 3.50; May: 3.00 July: Cilmar Molybdenum they found support and began 3.58; Bept: 3.55; Oct: 3.56; Mar: Cluoit Peabody
make sight recovery 3.581 Epot-(cents per lb. feb Cubal: Colgate-Palmotive Co. 3.63; Open interest: 0,480 contracts Colombien Carbon Co. before the close.
Commercial Credit Sepli Cammonweallih Elec. 8.50: May: 5.56; July
Denolidated Editori Continental Oit of Del Crown Zellerbach
Contract No. 6 (domimar Hongkong Hanka sad 5.50 Nav: 5.03; Spot-(rents per lb. Unions Fielded Kround *ell NY ex-duty): 4.70, Open in- though the former
closed terest: 500 contréela-United Press, slightly above the lowest lovel
of the week
Wheelooks
t
were Grmer at $8.00 and there was some in- provement in Hongkong Lands and Hotel shares.
Stubbery generally
have
been quiet. Amalgamated lost
Exchange Rates
Dualites wer done in the local unofficial Exchange market. this morning at the following rates:mag
dollar (per 61)
ground on a reduced dividend. : Australian noted (9se daj
Elsewhere sutstanding texture and the
(ONE 109)
Singapore (BMKNI{N}
gett Meyers Tob, Co Lockheed Aircraft Loews Incorp. Lone Star Cement Co. Lowenstein & Sons, McDonnell Aircraft
Block Begre
Mesabi Iron Corp.
| Minnesola Mining
Milan Development Monsanto Chemical Co. Montgomery Ward
Motorola Inc. |National Cadı Her. “A”
National Dairy Prod. National Lead
National Steel Corp. Now York Central
| Norfolk & Western By.
Olla Mahlesan
Otis Elevators
| Öwen-Illinois Glass
Oxfurd Paper Co.
Facile Ons &
Elec.
Pan American Airways
Paramount Pictures
Parko Davis Co.
5.10 Penny J.C. Co.
149.45 Poon, Salt Co.
64.60 Philip Monis. 137.20 Procter & Gamble Co.
Pinburghiale (30 Publicker Industries Pure of...
1514 Radio Corporations 793% Radio Corp. Pret. 20Republie deel.... 20% Reynolds Metal
404 Bears, Roebuck & Co. joshell O
Co.
4 Saint Reg. Paper
2914 Binclair
12% Bocony Mobile
Solar Aircraft
(Am.
South Puerto Rico Bugar
Bouthern Co. (The)
Bouthern National Gas
Southern Railway (Com.)
184
165
Standard Brande
7414
Standard Oil of Cal
484
Standard on of Ind.
Standard of N.J,
11 starp Rock (Toronto Exge)
1032
3419
172
信道
112
Sterling Drug Co.
Stokely-Van Camp.
Studebaker-Packard Corp.
Sunshine Mining
Bwift & Co.
Texas Co.
401 Textron Inc.
5012
134
3112
Tide Wator Assn. Oli
Twenty Century Fox F
ל חע
Linion
Union Pasific Railway Undled Aircraft 42% United Gas Corp.
HUS. Foll "n"
Go
US, Line Co.
US. Rubber
07 US. Smetting
JUB. Bel
Warner Bro
Westinghouse Sectio Siz Western Paion Tol Co West Va. Pulp & Paper Woolworth
SHIP
Wis
Dec: 24-24%; Jar/Mar: 246-24 Apr/June! 546-2458 July/Sept 24-21% Oct/Dee: 241%-24.
General markety, of sin pott Nov: 294-2314: Dec: 3311-24; Jan: state- | 201-zi; Estate crepe
ments showed reduced dividends 2% tok Nov: 244. and earnings
E-
*
>
P.OBI EA
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL 5.N. CO/
*
Thin Nov:
AMSTERDAM
market rubber
20
WOLE
*
Outwards
Lentes London Due HongkoKS
#
"QANTON"
Salled
18th November
29th October
13th November Eths November
4th December
a generally as follows:
The Oll issues suffered the worst hattering. Royal Dutch fell 0/-. steady. Prices closed today in kilogram, cll Nov, British Builders per Shell nearly 3/- and Patroleum 2/-in
No. 1 rubber weak list.
No. 2 rubber Dollar stocks Armed on yes- No. rubber terday's recovery on Wall No. i crepe 44stract
Foreign bonds were steady and quiet-United Press.
New York Metal
Futures
New York, Oct, 31.
Prices of metal futures closed today in cents per lb, as ful- Glows:
ד
2.33 buyers
United PreRS.
New York Foreign
Exchange
15th
"SUNDA" "CORFT"
9th December 18th December 23th Doober
"SALMARA“ "SINGAPORE"
12th January “CARTHAGUE" 11th December 131 Jangcy "CHUSAN"
*CORFU" “BUNDA” ✶
17th December
January
Leaves Hongkong Dun London
3rd November
22nd November 13rd December 13th December 19th January
11th February 4th Janung
17th FebruaY
Homawarda
OHUSAN"
**CANTON"
*
Canada official
New York, Oct. 31. Closing rates were: England
*
1.06%
2.70 9/16
"CARTHAGE"
4
20-days 60-days
2.78%
*
2.23%
2.73 1/10 2.79 15/10
"CHIUSAN" "SINGAPORF"
*
Australa New Zealand Lead Nov: 12.53b; Dec! 12.52 South Africa Zine Nov: .17: Dra: 9.221; Cop-Belgiu
Nov: unquoted; Dee: 25,421; | Aræen Una per As Now: 49,TOYED: Dee: 63.67
United Press.
LONDON PRICES
- Lantion, Oct-31-
Prices of metals closed today
in sterling per long ton as fol- lows:
טוע
Brazil
Di18
Uruguay
India
PONE
Pakistan
2100
Others unchanged United Pr....
London, Oct. 31
LONDON FOREIGN
EXCHANGE
Buyers Sellers
Tin pot
730
73045
Closing rates were:
3-month
73
12311
Copper spot.
300
10345
New York
2.7033-2.79-11/10
Montreal
-manth
103
Amsterdam
Lead 2nd halt Oct...
ung.
unq
Brussels
Jan,
und.
Frankfurt
Zinc da Oct
10
Paris
Jan.
701%
Stockholm
-United Press,
0415 SAILS:
10
BENDLINE
11.77-10.774
2.08-C.CB5%
10.03-10.03
130.07 6-130.024
118414-138454 144811-14.4815
Other unchanged-United Fres
P&O
R.M.S. "CHUSAN"
NOTICE TO PASSENGERS
BAGGAGE:.
Sunday, 3rd November, 1957, at 12.00 Noon for the UNITED KINGDOM, via Singapore, Penang, Colombo. Bombay, Aden and Port Bald.
Passengers are requested to send ALL BAGGAGE to the Hongkong & Kowloon Wharf Co.'s Godown No, a GATE, CANTON ROAD ENTRANCE, By Noon on Saturday, 2nd November.
SPECIAL NOTE: With the exception of hand packages carried by pasgengers themselves, ALL BAGGAGE must pass through the Wharf Company's Godown for loading on board ɓy ship's álings only.
|EMBARKATION: Passengers should embark between 9.30 and 11.00 am. on Brd November, 1967.
SUBIKON TO ALTERATION WITH OR WITHOUT NOTIOK
»
*
17th January
30th January
6th February
27th February 12th March
Via Singapore, Penang, Colombo, Bombay a Adams. * "SUNDA" omits Colombo and nombay, call al Havre and extands to Flamburg, Rotterdam and Antwerp.
BRITISH INDIA S.N, CO., LTD. "FULTALA" duo 10th Nov, sails th Nov.
"SANTHIA due 21st Nov. talle 22nd Nov,
"BANGOLA"¿p*
Bik Dec.
sails 7th Dec.,
from Japan
for poro, Penang, Rangoon & Calcutta
from Japán
for Bingapore, Penang, Hangoon de Calcutta
From paleta, Damtgad
Stralis على
jor. Japan
P. & Q./B. I, JOINT SERVICE "UMARIA" das 8th Nov. Balls Th Nov.
"UBLANA" due 11th Nov. Batis 12th Nov,
“ISMAILA" due 1861 Nov.
Balls 17th Nov. "OZARDA” das 3rd Doo
from Japan.
for Singapore, Bombay, Karachi. Kuwall, Basrah
Krock INGATL
for Japan from Singapore, Bam bay & Karachi
from Karachi, Bombay, Colorin & Serapore 101 Japan
from Janam
for Singapore, Bombay
Karach Hazroki,
khateramatzakr &Kuwait
EASTERN & AUSTRALIAN S.S. CO., LTD. “NELLORE" foads th Nov.
salla Sih Nov.
"NANKIN" Bonds15/15th Nov.
alls 20th Nov.
for Labsum), Sandakan, Tabeul, Brisbane, Byd- Adelboran Adelaide
for Bandettan, Bydney
Aŭ VRIMIS kava Übiety to call ná' WAY DARTH V ar off the hande is the rastu i mitthew new #thJocê ' ke xhakie or sizinčnost 1ih se wthous motion.
For full purtirulur, npply n MACKINNON, MACKENZIE & LO
OF HONG KONG LED Telephone No: 2779! :