THE CHINA MAIL. FRIDAY, NOVEMBER 22, 1957.
TRADE and COMMERCE SECTION
PESSIMISM REPLACED BY OPTIMISM Japan's Appeal
HONGKONG STOCK EXCHANGE
Our Own Correspondent
Business done on the Hong- kong
Exchange Stock
this morning amounted to approxi- mantely $132,000, Noon quotations and the morning's transactions Myche:
Shares BANKS
Myers BellasS
800 0:00
EAL
isk.
Kizzi Axis.. INSURANCES
Unson...
SHIPPING
מוד
طبة
Lombard..
Wheelock
150
DOCKS, ETC.
117 119
51
Provident.
21 1150
LAND, ETC.
K. Whatt.
Dock
SK Motel. 14% 14.70 Mr Land 534 35.78 Ility....
1:30
Market Becomes More Lively
TURNOVER UP $1.3m.
By A SPECIAL CORRESPONDENT
The Hongkong Stock Exchange took a turn for the better this week and tho pessimism that was evident in Ice House Street last week was washed away to be replaced by optimism. The active state of the market; vanced to $22.80 this week was better than ex- yesterday, an increase of 70 preted after months of uncer-cents.
at the close
tainties and dull markets. The The change in mood of the fact that made some Ice House market was reflected in the in-
6. Street circles optimistic was the way in which the market went up with guins hardening at the close yesterday.
600 € 33.75
Ask. XD 113 125 LATE UTILITIES
FIND 12.30
23
200
Star Ferry
1
Kuurnati ...
Light
30.30 18.50
C. Light
Electric
17.30
1.30 2150
Telephone 28.30 20.40
INDUSTRIALS
Cement... 23.60
STURES, ETC.
JURUY
Watson
Lane, C...
China
4936
8898
creased
turnover.
which amounted to $2.68 million, com- pared with inst week's turn- over of $1.37 million.
Some believe that the market; Tally was 18 higher, twu will now close the year on a stendy and. four lower, com- much brighter note-something pared with three higher, five which was not thought of a few | unchanged and 10 lower last weeks ago. It is expected that week. 120 prices will continue to be main- 22.00 ained, unless something
1760
20.40
1314
000 μ
195
before
1:1- the
foreseen happens end of the year.
The reasons for the improved sentiment in the market are two-fold. Firstly, the reduction of the Discount Rate in the United States could affect Hong- kang. People are of the opinion that London will follow the Americans and if they do, the
18.10 16.40 19.20 12.30 100 4 1330 Discount Rate in Hongkong may
1334 18.70 000 +
bo also cut. This is one of the reasons for the depressed state of the Hongkong murket since the increased Bank Rate an- nouncement last September.
Secondly, the market has been loo low.
Kumporium 8.74
COPIONS
Texilis " 4,50 €.02% 2,000 @
INVESTMENTS
Ailled
H.K. & F..
invert.
1.80
400
New York Sugar Market
New York, Nov. 21. World No. 4 sugar futures today closed unchanged to two points higher with sales of 98 contracts. Domesile No. sugar closed
the
unchanged to one point lower with sales of seven contracts,
Trade buying bostered world contract. Dealers
ers under- stood Holland was interested in buying
additional
sugar for December shipment following recent purchase of 2,000 tons of Cubas. Tomorrow, iran will be in the market for around 10,000 ions of raw for December ship- րիլ,
Contract No. 4 (World) Jan; 3.73: Mar: 3.57m: May: 3.075; July: 3.89b; Oct; 3,04; Mat:
3.550.
Spot price: 3.50 cents per lb. Cuba, unchanged,
Gains
This week the market, which i was brought down by utilitie Telephones in particular - WEB led on its upward rise by : Blue Chips with gains of up; to $1.
bad Phones, which suffered a spi-back
the Oriental over Telephone Company deal, İçıl uz rise in utilities with a gain of $1, closing at $28.30, Electrics made good
Cheerful Note.
Here is an Ice House Stree! observer's account of
markel:
the
Encoured by the marked Improvement shown on the New York and London Stock, Atarkels last Friday, the long- kong Stock Market opened ilie week on a more sheerful uote with prices belog marked up in most sections.
* The Share Market At A Glance ★
HK Bank Lombini Union Wheelock UK Whart
BK Docks Provident HK Hotela
* 100
$27320
Oct 31
$40
32b
+
2230
Nov 7 $20
32
Nov 14 832}1⁄2b
Nov 21 970
Up or Down +$37.80
32740
+250
67x
27
75xd
765
0.75
6.90
70
120
118
-118n
110
514b
5214
61%
117
$1b
11500
11.80
11.80
11.70%
11.40
+100
steady -100
18.33m
14.70
14.80mm
14.10
14.60m
- 500
HH Lands
33.75
33.25
33.25
23.50
+250
HK Realty
1.7750
1.336
1.375R
Rob
Lasb
HK Trans
22.10
22.30
22.70
22.80
22.00
130
129*
127
128
+600
Xeumatis
96m
955
P
Ch Lights
38.20
18.70
18.10
17.00
18.40
+500
Electrica
27.30
2749
20.80
26.20
27.80
+$1.10
GK Telephone
20.70
27.10
25.70
25.30
26.80
+41
GI.
"Cement
23.405
23.10
22.10
22.30
+700
Dairy Farm
ค
10.30
16.10
16.00
10.20
A.S. Watson
13.20
13.10
126
12.25m
+250
+300
4.48%
6.Mixin
5.30
5.300
5.30
steady
Allied
4.15
3.806
3,766
3.80b
-56
UK & FE Inv
0.001
9.900
9.906
0.000
0.50
Téxtile Corp
4.35b
4.375
4.45
4.40b
4.50
-400 --100
Nahyang
9.550
0.559
0.450
9.450
0.50%
Star Ferry
Yongxize
DE
New York Stock Market
YEAR'S THIRD BEST
GAIN IN
AN ACTIVE SESSION
New York, Nov. 21. Stocks acted their third best gain of 1957 in
active session today.
However, there огля tule
und солье- follow-through quently prices were not al-
At 2 p.m. the industrial, Continental Oll of Del. ways fully maintained during
average showed a rise of 8.40 Cruw zellerbach
Cuban Amer. Bugar the latter part of the week.
Hongkong Banks were, how-polate Last Friday it rosé 11.11 Dupond alkali ever, frm throughout with Points on the cut in the diamond statch Co. the price advancing to $873 count rate. The other big day before serio became avaliable of 1937 waa on Cet. 29 when the average soared 17.34 points, Its beat daily gain Nov. 14, 1029.
like anything quantiles.
sizable
Union Insurance shares pÌNO displayed steadiness and mpớc farther beadway
since
Douglas Aircraft
Dow Chemicals
Dupont de Nemours.
Eastman Kodak
21 Fab National das Family Finance Corp Ferland Tyre & Rubber Ford Motor after General Electric. Inw's General Fugda
General Motors aidden Co. ..... Gen. Pub. Utl. goodrich (B. C. Goodyear Tyre Guit ou
That market coming the list made its 1957 was helped along by mutual Wities attracted most at-
fund buying, successful launch tention with Eléctrica and Telephones prominent in the lag of the Jupiter missile and
an atomic depth charge. with gains of ap- advance
Today's rise which spread proximately $1 each.
were throughout the market added Elsewhere. mostly fractional and although more than three billion dollars was to the valuation of listed issues. the improvement
Tapes Late
Hayden Newport Carp. flamesake Mining Co.
ingersoll-Hand headway with an
increase of $1.10 to $27.30.
Other Blue Chips to tack on gains for the week were Trans, 10 cents to $22.00; Star Ferry, and China $1 to $128 sellers; Lights, 50 cents to $18.40
The demand for ullities at
levels their
were present unsatisfied also.
Higher Levels
un
general, trading was mostly a light scale" "with the overall turnover amounting to $2,682,000, a slight improve-
For a time early in the
Inland Steel Co.
Int Business Machines
Int'l Harvester International Nickel Intermotionsi Paper Int) Tel & Tel john-manvilis Co.
C. Power&ght.
ment over the previous week. session the tape ran lalo. Some neco Copper.
of the buying was attributed
Market Diary
an
NEW YORK
COTTON MARKET
To GATT
Geneva, Nov. 21. For the third year Japan today appealed to GATT (General Agreement on Tariffs and Trade) to get 15 of the 87 GATT contracting parties to abandon their escape clause refusal to give Japāň GATT-negotiated tariff concessions.
For the third year GATT re-¡ no one else yoi ready to change, gistered little progress in this, and indeed to be faced with two direction arid could only put net countries--Gháng and the the item on the agenda agpia Federation of Malayd-invoking
the chin as an for next year.
from the United Kingdom.-— United Press.
But most of the 15 countries which apply the Article 35 "escape elfuse", heiled by Bri-
14 and Franee,, sold there was still no chance in their position.
West
Today's plenary session airo! beard and discussed sin, in- portant statement from Germany on its plans concern Ing import restrictions, but took decision од scheduled further discussion at lator
sessions.
Inheritance
Exchange Rates
Businese was done in the local unoletst
thin market exchange morning at the following rates:
.. dollar (per $1) Sterling Holes" (Ref 23), Austrailah notes (per £1) Indresesian rupiah (per 1901 Singapore (Siraita)
NAMESAKES
The Japaneso statement said. | Bisratent (per 200) some progress had been made in the past year, with Brazil drop- ping the escape clause in connet- tion with its new tariff law" step greatly appreciated by our government and our people"- and with Australia agreeing in a new July, 1057 trade treaty with Japan to negotiate during the next three years to explore the possibilities of dropping it.
was "very disappointed" to And Nevertheless, it said, Japan
New York, Nov. 21. Cotton futures today see Bawed Indecisively 38 trading slackened to the slowest pace of the week.|{» EX A closing spurt of liquida- tion dropped new crop de- llverica rather sharply, but nearby showed only minor set-
*
*
backs. The final range was one 1×
84%
1B
to 27 points tower.
Eats prices
Opening
ruled up tour to nine
70 points. New Orleans closed up
B 14
354
three to off 22 points.
Operations were given over mostly to evening up La De.
84 cmmber before first "notice day tomorrow, while other trarier: turned attention to the stock market or swalled announci ment of sales" but of govern- ment surplus stocks, scheduled for Monday.
1:24
The event will mark the Arst disposal of cotton
taken over last Summer from the 1956 crop. The cotton will be reld for domestic use Sales for export will be nounced on December 3.
Monih
*
*
only.
»
11-
Voluma Opken interest 21.109 $11.200 20.000 241,500
4,100 49.400
230
Пос
Mar,
May
29,800 343,200
to shorts who had been build» short in- ing up the biggest
recent in terest since 193.2
Rollroad issues joined the rise No material change, ly to drop
C. Becond
|
porkheça Aircraft .... LooWF Incorp,
Ziggott Meyer Tob. Co.
July
Uct.
10,600
110,000
Dec.
Lone Star Cement Co. Lowenstein & Sons McDonnell
Mar.
May
Aircraft
Tafal
Stock g.) ....
Mesabi Irum Corp. Minnesota Mining
Co.
Here is a market diary of the maricots. week: Friday:
T/O: $490,000. Prices advancing on report.
a wide front. T/O 3047,000.
Little follow-
Hongkong Banks, after being down in the lower levels for Monday: Lume time Now, advanced to $670, an Increase of $37.50, 011
of their London Tuesday: obe strength
through T/O: which quote,
Toso to £41
$604,000. yesterday from last week's price
conditions of £42.
Wednesday: Quiet
T/O: $394,000, Other stocks to move to higher levels this week were Thursday: Market
Watsons Lande,
Open interest: 6.675 contracts, oft
five from the previous day.
July:
Contract No. § (Dansesilo) Mar: 3.81b; May: 5.5CD: 8.0 Sept: 8.86; Nov: 5.0dn.
Sput price: 3.00 cents per lb. cif NY, ex-duty, up five polnita.
Open interest: 609 contracts, up six from the previous day-Unlied Press,
and Hotels, Dairy Farm.
Cements,
which dropped to even lower levels last week, aú-
"MORE
SECURITY"
Wriding of opportunities for
Investors, Edward Westropp,
City Editor of the
*
"Sunday Express ", suidi
on 4th. August, 1957
8%
Per-
Be discriminating here. sonally I like.a little less interest and a lot more security than some of the tiddlers offer.
This advice was given before the recent 2% rion qu Wide Flute, <hough interest rates have since plan, the pont de les discrbnbinsing in dean`uvaru Important. "Lombard Boordchengz vaše pour 2% 10 Mapouliers wha' are assured of complete enfria
GROUP ASSETS EXCEED £15,000,000 #%, imteryat mückent gedaction of Enkeḍ Ktnaden bucovy Kam
Stud today for your copy of "Rusk Degasth Account" Booking Na. AQTI 29 Omnicął Mapagar
LOMBARD BANKING
LIMITED
BANKERI
MEQ; LOSERARD BOURR, CULTON STEERE PARK MAKER, LARODOWE, WAV, GERDI BLES CON Nam
on & pour car loadings | Mission Pemi
Steels
ruled
Allied Chemical and
strong. DuPont
Monsanto Montgomery Ward Motorola the....... each rose more than three in the National Cash Reg. “ chemicals. American Telephensational Dairy Prod recovered yesterday's wide loss
on its projected US$120 million debenture offering.
National Lead
National Steel Corp.
New York Central
Norfolk & Western By.
Olin Mathieson
of Elevator
on
Owen-Illinois Class
in
Oxford Paper Ca.
Pacific Gas & Elec.
Pan American Airways
Sales tatallod 2,000,000 shares lack:
2,400,000 shores interest. T/O: against
Wednesday. The Increase $549,000.
volumé while stocks were heartening advancing was
London Rubber sign in Wall Street.
Market
The rubber market was dull with spot down 5/16 to 23%.
No. 1 Rapat: 23, 23
Settement house terms: Dec: 23.
23 with 23% paid: Jan/Mar: 21 213 with 25%; Apr/June: 6th, with 231% 54: July/Sept: 24" 2016 with zają.
General markets, cif basis parts: Nov. 23 Dayern, Dec; H, 21: Jani 23 2379 Ertate crepo November unquoted, December 21⁄4á nominat. Thick November quoted, December 4 hornina United Press,
London Metal Market
Landon, Nov. 21.
Prices of metals closed today
In sterling per long. ton pa follows:
Smooib
Copper spot
Lead 2nd half Nov
Ziao 2nd
Tra
Of the 1,177 issues trailed, 705 advanced, 187 declined and 255 held unchanged. Now lows were set by 20 stocks and new highs by 11.
Stock
American
Exchange sales TOSC to 700,000 shares shares traded from 550,000 yesterday,
Bond volume today of US- with compared $8,550,000
US$5,300,000 yesterday.
Dow Jones closing averages were:
30 Industrials: 430.00; 20 Kala 102.70 15 Utilities: 60.04; 03 stocks: 147.41; 10 Bonds: 84.17: Commodity Futures Lodex; $0.35.
Closing Prices
Alden Ing. Acy.
Allied Chemicala
Alis Chalmen ..
Am Drake 570e American Airline
Am. Cable & Radio Curp,
American Cysamid Co... [Am." de Forgi: Power Buyers Gallery Am. OM 'N Kinotrie 1 Amaoh, de' F'day. 10744 Amerième Metal
American Emelung
2234
0
10% m. suger itui.
End tak spot 3-pdon Q
299
100
United Press.
London Foreign Exchange
London, Nov, 21.
Foreign exchange sales closed
as follows
NEW YOIK... Amgtaran
Frankfurt
O
Stockhol
Zurich
Aparicen Tel & To
America Tob, "D"
| Anaconda Copper
Arten Steet Armour.
Ailsa Cona Mining Baldwin-Laina-Zintri Dajtimore & Oilə Hopeficial Finance Bendix Aviation Corp. Benguet Cons Bethlehem Steel Zloring "Airplan |loeden (THE) Co.
Burroughs "Add Machine Comphal Boun Ca CRIE PIEha' 1.
20.8
2005 CAL Freeice 180.00
Copenhagen and
"Dob" "Were un- ohanged.—United Press.
¡C 1 1. FRancial Corp: | Chrysler Motorsion
Colombian
urbon 10.
Consolida
Paramount Pictures Parke Dayla Co. Penny J.C. C. Pan. Ball Co. Philip Morri
Procter & Gamble Co. Pittsburgh Plate Gina Publieker Industries Pure Ou Radio Corporation Radio Corp. Prez Republic Steel
olds Metal Sears, Roebuck. Shell of Cu. Saint Reg. Paper
Sinclair Oil
Socony Mobilit Solar Aircraf South Puerto Rizo Bugar Southam Co. (The) .. Southern National Cas Southern Railway (Com) Standard Brands standard Off of Cal
Standard 01 of Ind. Standard Out of N.J. stering Drug Co. Stokely-Van Camp. Budebaker-Packard, Corp. Bunshite Mining
Swift & Co.
19 74th
34) | TÈxas Co.
104M
Textron Ine.
4011
....
Tide Water Assn. Oil
Time Ine.
Til Twenty Century Fox Film
Laton Corbids
Union of Cal
unian Pacide Railway
United Alteraft
United Gan Corp.
U.S. Well "B"
3.5. GypsumTS 0.5. La Co. u.8. Rubber U.S. Smelting
U.B. Sterl
Warner Bros. WEILIGENDUM Zinetric Western Union Tel. Co. Wost Va. Pulp & Paper Woolworth
2,300
4.900-
4,500
112,000 202,200 bate
NEW YORK COTTON PRICES
The pleca of cotton futurOS closed today as follows:
Dec: 36AU; Mai: 36.47; May: 36.04; July: 35.85; Get: 3.02-05; Deci 33.60-90; Mar: $3.85) May: 33.84b; Spot: 35.50 nominal.
NEW ORLEANS The prices of cotton futures closed today as follows: *Spot: 30.50 nomitat;" Dec: 25.40; MAT: 30.17; May! 30.04; 3uly: 35.08.
471 | Oct: 34.02-03; De: 33.00:00, Mari 1234 | 33,83b; May: 23.545. 2234
0211
Oki
LIVERPOOL
in
29:85:
Cotton futures" closing, pence per lb, wère as follows:
Dec/Jan: Contract: May/Apr: 24.30; May/June: 20.32 July/Aur: 2003; Oct/Nov; 20.01.
New contract: Dec/Jan: 27.00; Mar/Apr: #7251, cl/NO: 27207
May/June; 27: July/Aug:
SINGAPORE STOCKS
Singapore, Nev. 32. Brokers today quoted thu following stock prices:
Opening
$1.02
Batu Lintang Rubber Co.
Ltd.
Britton Borneo Petroleran
Syndicate Consolidated The Barellers 11as Txaner & Neave Lid Ora. 2011 Fraser & Noove 74 cum.
prot
204 $2.00
23
101
Boogkooz
Shanghai
421%
Bankülg Coły.
25
fon keát Thái L
7 Kumpas Ltd.....
30 Kuala Karupne Th
2
dammons (islava) Limited
Ludas Bibber Estate
Ltd.
772 matayan “Breweries Prote
221 New Serendah Rubber co
2012 Yetaling Tin Zia:5
Paines "Etotel....
101
Bird Cold Storage
Get Straits Trading
* exigida Mail Eppsi
SHIP
BENDLINE
*
*
*
+
*
*
*
Answers:-1 Dame, 2 Dancing,
3 Corps, 4 Garden, & Covent, 6 Curtain, 7 Performing. Shoes. Ballerina, 10 Ballet. 11 Slage, 13 Scenery, 13 Entertain.
Margot Fonteyn.
POBIE&A
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N. CO.
Outwards
"CANTON"
“RINDA"
*CORFU" "SALMARA“ "AINGAPORE" "CARTHAGE" "CHUSAN”
Blogueirazda 'CANTON"
·CORFF**
'SUNDA" # "CARTHAGE"
"CHUBAN" "CANTON"
Lesen Lontan Balled 17/19 Solled 9/11 Sated 13/11 Salled 10/11
4th December 11th December 17th December
Due Hoogkong Is Fort
14th December
16th Degenbey
251 Ting7917500",
13h January
11 January
15th JanupeT
Leaves Mongkong Das London
22nd November
18th
Decembar
6th JanuaTY
17th January 20th January
11th February
23rd Deperober
19th January
18th February 1712 February 27th February 11th March
Via Blugapore, Pesang, Colorabo, Hambay A Adan.
"BUNDA" emits Colpopo & Bonbay.
calls at Hayre à extends Bumburr, izotterdam & Antwery,
"BANTHIA? In Port
alls 2nd Nov,
"OKHLA"
"BANGOLA"dus 71h Dec. salis 8th Dec.
dua ledi Dec. Valle 15th Dec.
BRITISH INDIA §.N. CO., LTD.
(TOM JADED for Singapore, Penang. Bencoon & Calcutta
from Calcutta, Rangvon 1 Straits tos Japen
From Japen
for Singapore, Bruens. Tanzge Calcutie'
P. & 0./P. I. JOINT SERVICE
dut 7th Dec.
Jalls 8th Dec. "URLANA” du 18th Dec.
pošta 19th Dec.
Hem Singapore. Cochin, Bombay je Karachi
JDT JARK
Singapore, Bombay, Alavera's Fachl Baral, icharremshahr
·B Kuwalt
from-Madras, Kakinada, Penang & Bingapore jer Japan
180) Japan
far singapore, Bomber. Kolicia & Karachi
"ITOLA"
dua 1st Dec.
sails mit Dee "OZARDĄ” due in Dec. Kall 3rd Dec,
*
"TTRIA"
EASTERN & AUSTRALIAN S.S, CO, LTP-
"TASTEEN” doe 4th Dec.
"EASTERN" lazdı 3/9th Jan.
8th, Jan.
for Lalign, Senda -Rabzu:),” Fetiha
All vessels have liberty to ethi at any parts, an or off the runis ĝ the route à malitian gry pikjoch to change or amandmane with „se witbruh melum
For full pelicular apply
MACKINNON MACKENZI & CO OF HONG KONG DIR felphen: Host
1
*
مر