1
THE CHINA MAIL FRIDAY, NOVEMBER 7, 1058.
DISPLEASURE OVER LIGHTS
* The Share Market At A Glance ¥ Dividend News
HK Rank
Lemhard
Unlon
HK Really HK Trams Star Ferry
747 Vám
27b 7134bx 6.40x1
*teady +$1.20 +32 ww -$1.80 ~~~750 +100
steady
Up or
+
KOL Z
160
Oct. 8
Oct. 29
Oct. 30
Nov. 6
Down
747b
74730
7524
281
280
25,70b
734ýn
712D
731
ราษ
Whoolock
6.85
5.00
5.80
1.85
HH Whart
8511
9€
98%
04528
IIK Docks
43%
4434
14
1371
43
Provident
11.30
11.83m
11,30
11.30b
11.40
UK Hotele
21.20
21.15m
21
21.30
21.20
HK Lands
301
304
3014
1.25
1.375
1.3755
1.425a
1.40A
2440
24.00
26.10
24.70b
25.10
25.tub
+100
108
198
1060
196b
109%
+-33
04.50m
10m
8320
92.
9016
-600
17.20
17.30
17.00
1736
17.20
300
25
21.10
25 24
24,60
24.80
24.70
--10c
23.80
23.90
24
+100
22.30
23.709
23
22.80
23.20 -
+-40c
16,90x4
16.99
15.00m
-18.00
18.50
11.10
11.0
11b
11,10b
11.80
+200
13
13
130
13
13
steady
Bb
b
4
5b
steady
4b
4.05b
#b
4.106
3.100
steady
0,800
9.70%
9,200
.9.10b
9.10b
alendy
3.30b
3.70b
4.144
4.05.
0.00b
7.100
7.10b
14
7.100
-150
Yauratie
Ch Light
Electrica
HK Telephone
G 1. Cement
Dairy Farm
A Watson
Lane Crawford
Int Investment
Allied
IIK & FE Inv
Textir Corp
Напталд
Sends Stocks
Down 70 Cents
By A SPECIAL CORRESPONDENT
The Hongkong Stock Exchange passed a rather steady week with the majority of the major issues making steady progress or hardening.
HONGKONG
...STOCK EXCHANGE
Our Own Correspondent Business done on the Hang- Long Stock Exchange morning amounted to approxi- $292,000. Neon quota- Itons and the morning's transac-
mately tions were:
Shares BANKS
The ABC's of Investing
Your Surplus Income
You have enondi life lasur- feralonal fnvestment manage- ance and a good reserve of ready ments. Cash In
savings account. Now you're ready to invest your sur- plus income in the future of American and Canadian busi- 11623.
more
We suggest that you do this through program of invest- ment in shares of one this
Mutual investment Companies. Through such econpaules, you can obtain a pro-rata interest la a diversified list of up to 100 more securities, No large is needed to start your Program, which may be con- tinued with additions of as little az U.S.$25 at a time.
HERE ARE THR ARC'S OF SUCH A PROGRAM:
Salce
30 74%
Buyers Sellers'
Cank 745 78755 INSURANCES Upton .... 42 74
Underwriter 73%
Wheelock,
China Light's final dividend announcement of 60 d
cents on the old shares and 48 cents for the SHIPPING 1957-issue shares, caused great disappoints enc
ment on the market.
LATE PROFIT-TAKING
BUOYANT LATE
NOTE IN
ON WALL STREET
New York, Nov. 6.
LONDON Stocks registered their widest gain in nearly a year today
London, Nov. 6, The stock market finished on a buoyant note today with nil but the industrial Bst closing at the day's best levels.
Call-edged securities warr B i giet dealings.
Encouraging corporate
and
Wall Street's overnight
strúngth sparked an advance in
12 Industrials
over
栽 wide Trout, Profit-taking In trading,
some gains.
late however, trimmed
and then back away on late profit-taking.
The decline from the highs werd ou! guins in some in- sturvas. At their best levels lucks were two to six points. At the highs, the industriais were at a record high, rails best In more than a year and utilities best in 28 years.
Gains were held by most of
the sterls which had been in big demand. Chemicals also were
proutinent on the upside and
they retained a large portion of the advanes.
Pet Milk
The off stocks opened higher
Pel Milk spurted more than but reports of on Arab-Israeli harder incident sent most issues six points on rumours of a stock spilt and American Chicle ran factionally lower at the clone.
up more than ve points on a Dellur locks were higher re-
the flecting
overnight
announced Wall split
yesterday Several other specials showed Street advance.
Copper Issues
gains running to more than four
Oils ruled stronger In and gold
points stures werd
a time U.P.I.
but later some of the international Issuca pagged on profit-taking.
WIT
higher firm.
BMC DOUBLES
ITS PROFITS
London, Nov 7.
Corporat- The Bril: Motor tion today announced it mure than doubleu Its prents just year.
Accounts for the tuned last July showed a gloss profit UI £24,049,239 compared with £11,216,504
yeur
L
the
BMC mukes Austin.
The 1,208 Issues appearing on the tape mode the market the broadest of the year.
Of the totni, 611 issues were higher, 120 lower.
New York Stock Exchange volume was 4,890,000 shares.
New York Stock Exchange bund volume was $8,200,000.
American Stock Exchange volume 1,630,000 shares.
Dew-Jones
previous
wert!:
Austin
20 volls
13 11
Healey, Morris, Wuley. Itley trials
and MC careuter
closing averages
5 stacka
40 bande
Com future price Index
Closing Prices
Allied Chemicals Allied Mill me. Allis Chalmers Air.. Brake Sho
Am Gas & Electric
A. Hos Prod.
Am. Mach & Pdry American Mula)
American Smelling Am. Sukar Bet.
American Tel & Tel American Tob.
102,27 | Intertialionai Paper
Int'l Tel TV}
10482 John-Monye Co.
Kaiser Industry
Kennecott Copper
1904 National Dairy Prod
or
sum
2000 €
7,00
540 2000
6.40
A.
21.20 409 30.25
Dock 47.75 Frovident
101
22401115 Although the total dividend | LAND, 'BIG. for the year was unchanged 200 Hotel 21.10 21.40
HK land from last year's $1.19, people
30 201 Humphreys 1414 had been expecting more than Realty
1.40 00 cents for the Anal this year. RUBBER
1.00 13000 This is the fourth year running Amalg that Lights have not increased | Trust their dividend.
A. Tawan. Sungala
Five house shares" were | UTILITIES sold yesterday, price being
the overnight
WIS a drop
slightly in the
the lowest Tram
Yaurneti This C. Light $17.10. of 70 oents on (0) price of $17.80,
The share, however rallied
closed at $17.20.
afternoon and
Features
ما
Through a Mutual Invest- ment Company, you share in the future of a broad croSI- Fection of American and Canadian business.
C. Through use of fractional shares, all money you pay in." under A Mutual Investment Company Program for periodic investment, lo completely In- vested. Accumulation may be further speeded by reinvestment of dividends, if desired.
D. You pay only the usual sales charge for buying shares of the Investment Company you You borrow no moncy, select.
There so you pay no interest. are no "extras" or "penalties". You may discontinue the Pro- gram, without charge, at any time.
your E. Once
14 Program established, all further invest- ments may be made by mall, direct to a Custodian Bank, it you wish.
WHY NOT GET THE FACTS about this simple method of B. The securities held by putting surplus savings pro- Mutual Investment Companies ductively to
work? Stop in, selected carefully
cod
Or. wrlic or 'phone us today. constantly supervised by pro- use the coupon below.
...: 253
1.30
1457 A
1.70
are
1.00 1.825
5000
180
230
6740 h
2.33
2.00
152220 25.10
DO 91
ITED 113
200 20 2014
100 17.00
1000 130
200 13.72
160 ZT 1730
Eletric.
24.00 24.10
too 24.70
(.) 13.0 13.56 Macao ... Telephone 23.60 24.10 (rta) 7.20 7.35 INDUSTRIALS
700 or 24 767
1000 9.10
COTTONS
Textilen INVESTMENTS HI.K. & F.E trivst...
9%
PEARL MUTUAL FUNDS INVESTMENT LTD. 502 Bank of East Asia Building Hong Kong
Tel. 38321
Please send me, without obligation, your
Folder: "Advantages to you."
500 7
14.20
Name
Address
10
01
..
STORES, ETC. Dairy
15.40 2014
Lane, Crony. 13.20 13
Watson... 11.20 f1
One of the principal features | Cerami 25.20 231 of this week 201%
was the firmness 19% and demand for rubber shares. 201
Both Amalgamated and Rubber Trust tacked on useful gains for 46% the week with Amalgamated re- covering its 15 cents dividend 2316 sing
fram $1.975
$1.75 yesterday, while Trust rose from $1.60 to $1.75.
Lombards recovered some of its lusses of last week with buyers pushing the price up to Unions yesterday, while
after being quoted ex-tiividend this week were up $2.
The turnover för the week
up to $2.40 million coin-
Erin!
Mutual Fund QuotationS.
IEA
PO B·I
COMPANIES
EDU
1324
DES
Ligeti Meyer Too. Co
$29
Lakheed Aircraft
40%
Loews Incorp.
201
Lone Star Cement Co.
42
Lowenstein & Sons
American Cable & Radio Cons
McDermott J. Ray
American Cyanamid Co
McDonnell Aircraft (Am
Amer, Forgn, Power
2731
Stock Ext.)
Βι
Membi Iron Corp.
40
2201
Mixiantu Chemical Co
33
Montgomery Ward
214 Motorola Inc.
01
404
National Biscuit Co. National
40%
Cort Reg. "A?
2331
48%
National Land
100
$27
Sa
National Steel Corp.
7012
109
New York Central
84
149%
Norfolk & Western Ry.
23
North Ainer Aviation
3414
North-west Airlines (Com.)
24T
5133
Olla Mathieson
30
13
Olls Elevators
414
733%
Owen-Linols Glas
3
Cord Paper Co.
502
Pacte Gas & Elec.
|
Campbell Soup Co.
Pan American Airways
Canadian Pacile R
203
Cat. Tractor
...
Perry J. C. Co.
24
Penn. Salt Co.
Sa
Colombion Carbon Co. Conunental Oil of Del. Diamond Alall Diamond Match Ch.
32
43
Anaconda Copper Armour
Baldwin-Lime-lim Benescal Finance Bendix Aviation Corp Bethichem Stoel Boeng Airplane Bordes. (The
Cu
Barroegis. Add Machine Caftr. Packing Carp
Celanese Corp.
C 1. T. Finařešel Curu
Cluett Peabody
Douglas Arrest Dow Chemical Eastman Kodak
Pano Matunal_Cax Family Finance Corp. Firestone Tyre & Rubber
General Dynamites General Meetic
General Foods
General Motors Gen. Pub. Util. Gen. Tyve & Rubi Corinth in F) Co Codyear Tyre Gram Aircraft.. Gulf OLE
Heyrten Newport Cup.
Homemake Mining Co. inlond Steel Co
Interchemical Corp
In Business Mochines
152 41
B4.36
Paramount Pictures
Pulp Morris
Procter & Gamble Co.
Pubilaker Industries
5024 Pure on
Radio Corporation
Radio Corp, Peet,
394 Stepublic Steel
Bears Ropbuck & Co.
TZ
134
Shell Oil Co.
334
Saint feg. Paper
31412
20 Sinclair Ól
Socoty Mobil Oil
0124 Soler "Aiterati
70% South Puerto Rico Sugar
A
Southern Co. (The) Southern National Gas 451% bulbern Railway (Com> 32 Standard Brands
7235 Standard Off of Cal. 10115 | Standard Oil of Ind. Standard Ott of NJ
Steep Rock (Tortate Expe›
13% | Studebaker-Packard Comp
[40
14%
3814
Sunshine Mining
D
13
Swift & Co
36
541%
Texas Co.
BAY
440
Textron me
Tide Water Am OH
24
80% Tri-Cont. Warrants
207%
Twentieth Century Fox Film
333
Union Carbide
Union Oil of Cal.
4
Union Pnciße Railway
The folowing are quutatlons
of Mutual Funds in the United Stater in American dollars. The buyers' quotations include com- thission:
Mutual Funds
Belfers Buyers
Ax Block
0
3.63
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N. CO.
Outwards
"SALMARA” "CORFU”
"SINGAPORE"
"SOUDAN"
"PERIM"
Leaves U.S.
Salled 21/9
Balled 10/20
Babled 10/10
7th November
Balled /u
14th November
De g
10th November
17th November
17th November
12th December
17th December
11 December
Afiliated
TAT
Am Bus Shrs
4.42
4.30
Boston Fund
10.30
10.15
Bullock and
1331
14.59
Canada en Fd
13.78
Canadian Fd
10.41
20.03
Canadian. Int Grow.
7.07
0.00
Chemical F
10.20
Dhidend Sa
2.04
Dreyfus Fund
Eaton & How Bu
Foto&H, Stock
Fidelity Fund
Foning Nut Fd
Com Stock
12.60
Hami Fa C
Instl Fhend!
10.7
10.49
Bart
10.00
Keystone Cs-1
2434
Mass Inv T:
12.53
Mass Growth
13.00
Nat Sea Growth
Scuckler St & Cl
Teley E FO
12.02
Value Line Fa
0.70
13.00
"PERLM"*
oth January
Blossomarde
"CHUSAN"
BIB December Ith November
"CORFU”
List Movember #mt December
"SALMARA" † 7th
20th December
January
"CARTHAGE” 18th December 1815 January
7th
Yebruary
- All right, we'll toss up to decide.
Anyone got a Denny ? "
Inaul Drowth Intit Innume Invest T
"CARTHAGE"
"COROMANDEL" 2015 November 14th January
Leaves Hongkong Due London
Int Harvester International Nickel
COMMODITY PRICES
*** FOREIGN
EXCHANGE
NEW YORK
Closing rates were:
Canada England offeIA!
Australin
30-days
30-dby
New Zealand
South Africa
Others unchanged.
LONDON
Closing rates were:
New York
Montreal
Amsterdwen Copeningen
Frankfurt
Osn
Paris Stockholm
casier
with
conditions and buyers awaiting cheaper offers.
No. 1 rubber par 16. Nov.
Fi
Dec Nov
9035-00:1 15035-BOL
No. 3
Na. rubber per il
י
No. 4...
Epot rubber imbaled
Hanket crepe
No. 1 pale crepe ...
LONDON
Mixed Contract
Dec/Jan:
23.20: Oct/Nov: 23.60: Mar/April: z22.05. May/Jure: 22.10: July, Aug: 1,00; Oct/Nov; 21,00.
New
Sao Paulo York and
8714-87% prices were unquoted.-V.P.I
84-04
901-00 77-19 02'5-0315
|_
1022/76 200-11/36 #50-1/10 The rubber market was steady 2.00
with spot quoted at 20-1/10 224-0/10. 2.70-1710 pence per lb. Prices 381-1/18
No. 1 The spot
393535-1935EL Jan,
31.70-11.709
METALS
The
LONDON
London, Nov. 6.
tin market
was firm,
with spot being the highest
iner July, 1958.
United Atrevaft
United Gas Corp.
U.S. Gypsum
US. Line Co
U9. Rubber
U.S. Steel
UB. Steel 7 P.C. PS
Warner Bros. ..... Westinghouse Air Brake Westinghouse Electric Western Union Tel. Co West Va. Pulp & Paper Woglworth
Agreement On Coffee
110 pured with $2.24 milion
***
14514
22
Washington, Nov. 6.
*
2014
4094
407%
Copper market WA Arm The Board of Directors of
steady. At the end of the off-
closed in sterling per long tou as follows:
inst
week. Tally was seven higher. eight unchanged and 10 lower with higher, slx compared unchanged and eight lower last week.
Fairly Steady
Here is on Ice House Street observer's account of the Market:
The Stock Market has re- mained fairly steady through-} out the paKİ week with the majority of issues showing liiile change from the previous wock' closing isics,
Trust both
The main feature Ena been the firmness in rubber shatós with Almacomated and Rubber showing talox. China
advanced Lights steadily to $17.80 tut qufeldy last 70 cents when hopes of Incren.co in the fant dividend were not fulfilled.
Cements found reneived golning 40 cents on support
20
the week.
Elsewhere
wook
been small.
the Latin American Coffee Agrooment last adopted a marketing sys- tem to put about 55 por
29-2014
Bettlement house term:
*.
20-2014
Зап./Маг.
2014-2014
April/Juno
2014-201
July/Sept.
2014-202
Oct/Dec.
204 20
2.00 +2.00%
General markeis, elf ho, por
while lead and zine were very
2.734.97
10.30-10.50%
Nov. Dec
20-20 20-23 20%-25%
cial morning,
session, prices
Estale trepe thin
Nov.
271
21.
Tin
Spot
701
750
-month
700
707
Copper
Spot
2001 200
month
244
244
Load lat hait
Nov.
Tob.
Zine hale
31, 1009.
73
✓ Fob.
Ti
20.001-2000 1170-11781 14.4911-14.493)
Others unchanged -U,I,J.
RUBBER
Rox
NEW YORK rubber futures today closed up 10 ló. off 10 points with enles of 39 contravis.
Closings prleesi,
Nov: 31,85; Jan: ALM, Mar: 1140
Ertato crepe thick
Det.
COTTON.
NEW ORLEANS Prices of cotton futures closed today as follows:
Gpot: 24.75; Dee: 30.30: Mar: 36.67: May: 30 July: 31.54 Oct: 3201; Dee: 31.80; Mar, 32.01.
In the United States, the Average price of one-inch cotton
Maji 3100 July: 32:32; Nept: 5130; at 11 desigunted markets was
Nov:
120.
AMSTERDAM
The rubber market was steady today. quotations were all un- chapand.
SINGAPOIK
Al not avollable.
Total sales wern 113,550 balen.
LIVERPOOL
Colton future clonings, in [pones per ihr. were as follows:
Ameilera Contract
Buyers Sellers | cont of their exportable
New York metal futures were un quoted---UP.L
SUCAR
New York, Nov. §.
Contract No. 4 (world)
Wellington Fa
Good Year
Seen For Car Makers
Business
Boston, Nov. 6.
was on the up- trond both in New England and nationally, and 1959 should be a year of sub- stantially increased volume for the automobilo indus-
Mr try,
Froderick C. Chairman Donnier,
of Conoral Motors Corpora- tion said today.
Mr Donner was addressing a conference which preceded the opening here on Saturday of changen havo the Cenerel Motors Motorama
Market Diary
of 1850 for a nine-day showing.
The renewed feeling of сол fidence in the air was especial- tho cor in- Here is a market diary of the ly important to on world markets week:
dustry beca LIKE coffoo
when public confidence
faltered, during the first six months,
people Friday: Ruled steady. T/0 could and did postpone replace of the pact.
$300,000.
ment of their caro. Converec-
when the trend- Prieca well mainly. however, tuined. T/O: Was up and the outlook appear- ed brighter, confidence pleked $522,000.
បទ and new CAT Prices inclined to rapidly, he told Reuter. harden. T/O: $770,000. Virtually un- changed." T/O: $341.000.
The coffee pac's runs from Monday! October. 1, 1058, to September
The Board agreed on a Tuesday: forumula for the orderis
| marketing of coffes in order to
avoid unfavourable TOPETUS-
alon in the market, which might { Wednesday:
1ba caused by too much of the
product being sold, at one time.
Under the agreement, Brezil Thursday:
•will continuo its traditional marketing system. This means
What Brazil will ship to market Its product là the same koffen year.
Trading on a light scale. T/O: $982,000,
Jan! 540: Mar: 3.5L-40: MAY! ; proportion during the 12 Exchange Rates
July: 340 Sept 139, Oef: 339, Total ester 201 balak, Fot (CETAR per i felt Cuba): 123,
Open Interest: dien nostræĶIN
Bost was done in the pa! The other countries' of the unemoist, exchange market this
at the following entes:
cales rose
New Term For Bank Chief
London, Nov, 0.
Mr Cameron F. Cobbold hav been reappointed Governor of the Bank of England for a Airther, terin of Sve years from March 1, 1989, it son umelolly announced tonight.
Mr Humbrey Charles Contract Na. # (domestic) surement will chip Recording hour (ok at enters
Baskerville, Mync's hus also Mar: 8.74: May, Mit; Føy: kan | to a floral totaling | Tiderthel botón (pad #3}
1999 - been appointed Devoly Governor. After opening slightly higher,
Depi; B., Totsf males nane, Baol
12.02 1054, 1956 and 1960 as évetage Australian nolau (per 23) Oet/Nny: 23491 Jan; -73.201|| letnia per ip, ele Ny exchily): 0.90.
indonesian rupiah (per 100) up-country godown guldaston Marapeli 25: May/June? 30 JOpen inturasti 447 contractum | pasta brut reducing this average glam festa, per, 183) b..... and hedge selling agali omista3 July Am7 2230;" (01/Nov: #150,
by five pec out. --- UPL diingapore (Biruito)
Dela
for a further traps iné Ave yearn
from Marsh. 1, 1959, "
-
100nouncement added Router.
Via B'pote, Penang, Coźnestro, Bombay, Aden à Pt. dzid.
↑ "SALMARA” loads för Stricts Ports, Aden, PL. Sald, London, Hamburg, Holterdam a AntweTY.
"PERIM" Lands for London & N. Continent only
*
BRITISH INDIA S.N. CO., LTD.
“SANTHIA” la Pori
"PACHUMBA" dus
from Calcutta, Rangoon, Penang di Singapore
sally 8th Nov. 104 Jupani
4th Nov, đựola_Japan sils 3th Dec. The Singapore, Penang,
itangoo & Calcutta,
P. & D./B. L. JOINT SERVICE
"URLANA"
"ORMANA"
*
*
due 11 Nov.
4 13th Nov.
from Bombay. Cochin & singapore A Japa
due 12th Nov, from Japaa
kalla 1ện Nuy," for "Bingapore, Bunder, Abben, Kuwait, Hastab, BBOTT KITIMIIaar de kuanÇDA
EASTERN & AUSTRALIAN 5.S, CO., LTD.
"NANKIN"
"EASTERN"
dan 13th Mov.
# 13th Nov,
from Japan, N. Chins for Lun, dakika Brisbane, bydney, Mar bourne.
e 12th Nov. From Bustralia · valla 14th Nov, ter Japan
All youtets have liberty to call at any ports on or of the route & the route à auliings are inbject ·
'to'élings or amendmant with or without notice.
For Juli porticufers -poly to MACKINNON, WACKENZIE & CO. OF HONG KONG LTD. Telephone Nos: 277214.