THE CHINA MAIL, FRIDAY, NOVEMBER 14, 1958.
STOCK EXCHANGE DULL
HONGKONG STOCK EXCHANGE
Our Own Correspondent Business done on the Hong- kong Stock Exchange this
mounted to morning proximately $270,000, Noon
quotations
and The morning'a
Mayors Seltern Sales
transactions were:
ΕΠΑΓΟΝ
DANKA
742
HK Bor
INSUILANCE
Maun TEIS
Underwriters
SILPTING
Wheelock.
DOCKA FTC.
Dack
K. Whad.
Privent,
LAND, EN IK
$135 Land
Humphreyn
Realty RUBBER
Ani
“ખાનાં
A Tawuh
Mungal
UTILITIES
Trun
Star Ferry
Yaanza
F
+
10
715
0.30
5.40
1000 12
5.30
0751
42 75 131)
$1 then
2110 21.00
30
Er4 17
1 ลงล
MO
SODE 20
10.28
FORO
เอ 25
"Les
100
+ M
נג 11
1 no
1230
ak
20
330
2412
UNI
90
7 1720
4713...
24 30 247u
Rs
3.2 13.40
TO
3000 1 2412 + 7/M
710
Electrię
71 : 29 LM 1
INDUSTRIALA
LVIDORI
*
1}
Only Stores Show
Improvement
By A SPECIAL CORRESPONDENT
The Hongkong Stock Exchange
+
passed
through rather a short dull week with the majority of prices tending to drop fractions.
The only svetion to shine HAS the week WITH imprncement
Waltti tarked un 40 +tures
Crawford cents
Lane while stained 60 eetila to push them 11p to $33 60 tr increasent demand
al depressed Uues were slightly, while rubbers recovered. after one prod-taking. Wheelocks druppel
thee cents this week aller ving ex-dividend lust wrek. quate
In the Chairman's report MIG. E. Marden said,
We
had undertaken two years ago for finance dry cargo vessel
of 12,500 tons deadweight: in the newly built, subject to long-tro churter which has The beb July arranged, 239usiness is attractive from our point of view and the net re-
21,76
MAYORES, ETC
Dary
101
1540
1000 ...
10
1440 2300
13/0
7 00
|{CITY LIGHTS:|
COTTONS
Wat
Lam Craw
Nanyang
MIN ELAANHOUS
INVERTSENTS
Ind. av...
1790)
FIAT CARS TO
BE MADE
IN AUSTRALIA
Sydney, Nov. 13.
company
A
Sydney
Д
signed contract
cars for Australian
had
to
manufacture Italian jat dist
Pre-
tribution Mr John Cahill. New South Wales mier, aunounced today.
The company was Priss Meta Corporation Limited
restricted scale with the over- all turnover only amounting to approximately $2 millios,
Prices generally have moved within Barrow Himits
Ulikties show Lillie change from the previous week but in the xlores Kroup, both Watsons and Lane Crawford mado pactul gnius.
frementa were also firmer.
After light-scaja prost- laking, Amalgamated Rubbera and Kabber Trust storied to Improve again on renewed support.
Elsewher lusignifcal.
changes
were
Market Diary
Lohard
A Glance ★
Up or
Down -$2.50
Mutual Fund- Quotations
The following are quotations of Mutual Funds in the United States in American dollars. The buyers' uotations Include conuntaion:
Mutual Funds
Aniated
Ain Bus Shr
Bellars tuyors
0.77 25
Pago 9 1
Hopeful View On Free Trade
Area Propects
Parla, Nov. 13.
on
$10 4.46 The six European Common Market countries took an optimistic view of the resumed Maudling Com- mitteo negotiations the proposed European Free Trade Aren today for no reason that Wan apparent to the "non- six" countries.
* The Share Market At
Oct. 9
HK Bank
74234
Oct. 23
74734D
Ool. 30 7674
Nov. 6
74734m
280
25.70h
Upion
714b
73
T1b
276 714bxd
Nov. 13
745
2714
+500
74
Wheelock
5.00
5.80
3.85
+$1.50
As Brock
3.07
5.40xd
4.85
-50
Boston Fund
19.34
18.29
HK Wharf
05#
9434m
94445
Bullock Fisat
13.89
***
+500
Canada Gen Ed
13.49
14.07
IIK Deck
443%
44
4334
48
43
Bleady
Canadian Fu
18.03
20.18
Provident
IL.85m
11.30
11,80D
11.40
11
+100
Canadian Int
7.87
B.71
Chemical F
19.24
20.13
HK Hotels
11.15m
21.30
21.30
21.30
strupy
Javadarke Bl
0.33
3.16
lift Lands
30%
3014
3014
3014
304
steady
Dreyfus Find
12.05
Eaton & 1. Dal
23.00
24.00
IIK Really
1.875
1.875
1,4250
1.400
1.370
-2140
Eston & H. Stock
2421
HK Trans
35.10
310
25.20b
25.20
steady
Fidelity Fund
13.33
Star Ferry
108a
1000
1000
1039
100
FIF Plan
3.00
Fold Mui Fu
1.21
1001
Yaumatis
ém
93748.
01
BOKS
90
-50€
Com Stock
12.33
13.50
Ch Light
17.30
17.10
1715
17.20
17.10
-100
Hani Fo HC 7
4.03
25
24.50
£4.80
The Four
24.70
24.60
100
Teadit Growth
10.43
11.03
NK Telephone
24
23.20
23.00
24
29.00
-100
Inutit Income
6.50
218
G. I. Cemont
33.70s
Pa
22.10
23,20
23.60
+400
Invest Te Best
11.85
25.40
15.00
18,60m
15.00
14,50
15.40
www.100
12.77
13.01
11.30m
11b
11.10b
1L30
11.70
+40a
Gryth
13.10
13.18
13
168
Nat Bre Growth
3.04
4.40
13
13
13.00
+600
Scudder B & C
3b
#b
B
ED
สา
steady
releva
4.05b
b
4.TOD
4.10n
4.10% #leads
Value Line Fa
Wellington Fa
13.77
18.01
0.300
0.20b
9.10b
9.20b
0
3.70b
4,108
4.050
4.
steady
7.10b
7.10b
734
7.10b
7.00
Electrica
Dairy Farm A. 9
Watson Lane Crawford. Int'l Investment Allied
HK & FE JAY Texille Corp Nanyang
og-
STOCKS DECLINE ON WALL STREET
New York, Nov. 13.
Stocks declined early today and then came
from the lows before the close.
Severul Here is a market diary of the developed, sponded economie developments.
Sun Oil rose two lo enture a
week:
Friday:
No material change. T/O: $433,000
Bng
Tuesday:
"remember telling me La buy Fabricated Tool- Ings, sir, you know, tive shares that stumped to
badly?
ceipts from are calculated greater part
fis period.
ALICES
of
the charter party to repay the
circums-
camninge
however,
of our van over
the IA
reduced Vessels, from other the provision of the funds re- Mr J. O. Murtin, the ManoJUINE
Ilkely to entail 3 Director,
bis
quired Company would manufacture 1 Cars
high utilisation of our banking MP Autumkan content of
foclitles and this may
i necessitale the Board's revert-
Ruled steady. T70:
$764,000
Wednesday: Dulj and feature - Lesis. T/O: $301,000. No material change. TVO: $445,000,
Thursday:
back sharply
¿
to
features Armour strong!
wireted issues favourable
1092
Publicker Edustries
1176
Baldwin-Lima-kanı, Bailtmore & Ohio Beneficial Finance
1311 Pure Oil
4212
Judio Corporation
42:4
27
Redio Corp. Pref,
72
Bendie Aviation Corp
kepublic Steel
071%
Bethlehem Steel
109
Sears, Roebuck & C
30
Boeing Airplane
0411
23
shall ou Co.
Borden (The) Co.
74
Baint Reg. Foper
+37
real
Burroughs Add Machine
38
Sinclair Di
k
Calit. Packing Corp.
201
Soenny Mobil Oli
40%
Campbell Soup
40%
Solar Aircraft
Au
Canadian Pucife R
Bouth Puerto Rico Sugar
Came (J.) Co.
auth
Southern Co. (The)
0142
Southern National Gar
SOPO
Standard Brands
52
Sladard Oil of Cal.
Standard Olt of Ind
4336
Standard Oil of NJ.
3012
Sunshine Mining
EX
Swilk & Co.
Cat Tractor
Colance Corp.
C. I. T. Financial Carp.
Chrysler Motors
Ch Peabudy
Ц
sotrosophat caster oll Toup
Jolinson, and Johnson strong apot yesterday, rose an other point ou continued stock split
Americ BUMOUTA. Hawailan Steamship Jump more than five.
Americus
and huchkho Foundry was up more than two
and Echoring points point.
Non-ferrous metals declined best Fosses were Du miled to amal fractions, Pont added a major traction in the chemicals, but Alllect Unton Carbide were lower.
UK Steel Falls regularly
London, Nov. 13.
Britain's steel production is conthuing to full heavily, uc- cording to the latest figures published today by the iron and Steel Bourd.
production in October Sturl was 17 per cent lower than in Octoter 1657. It was one per In the first quarter vent Hawer than in the same period of last year, 10 per cent lower in the second quarter and 18 per cent lower in the third quarter than is year protrusly.-U.P.I.
rose
ond
Colombian Carbon Co. Consolidated Edison Continental Oil of Dei.
Cuban Amer. Sugar Diatond Match Co. Douglas Aircraft. Dow Chemiens Dupont de Nemours Fontman Kodak
20%
253 Bouthern Railway (Com)
+00
Studebaker-Packard Corp.
Texne Co.
382 Texton Inc.
Tide Water Alm. 01
Tri-Cont
Twentieth Century Fox Film
1424
Time Inc.
1401
337%
30-12
Firestone Tyre & Ruiter
110
General Dynamies
El Paso National Gas Family Finance Corp
Üchers! Electric Neuerai Foods
Gen. Tyre & Hubber Goodrich (B. F.) Co Goodyear Tyre Grumman Aircraft Gulf Oil........ Homestake Mining Co Inland Steel Co.
Good Outlook Aircrafts were firm on a good General Motors Inter-Gen. Pub. Bui. outlook for that group.
WDB of a national Harvester
fraction. Steels were small
Rails
tavoured also mixed. the downside on balancu.
of the
traded, 1,240 issues 455 advanced, B83 declined and New held 222
unchanged. highs were set by 132 and new lows by 0.
New York Stock Exchange volume was 4,220,000 shares,
New York Stock
Interchemical Corp
International Paper Int'l Tel & Tel
Union Carbide
Union Oll of Cal,
Union Pacific Railway
52% United Aircraft
United Gas Corp.
09. Gypani US
Co
46.S. Rubber
7232
19
324
131
103 it
2111
US. Stelling
US. Block
U.S. Steel 7 PC. Pr Warner Bros. P
12315 Westinghouse Air Brake
Westinghouse Electric -
4112
09
331
Int'l Business Machines Int Harverler International Nickel
444
40
9015
120
John-Manville Co.
Exchunge
Exchange
Katser Industry Kemecott Copper Liggett Meyers Tob. Ca Lacticed Alveraft
1395
100
7821
2014
19%2
40
Alrcraft
TAM.
32
301
4213
The manufacture Fiat as its former practice u World Bank Loan bond volume was $7,000,000.
to 80 per real
000
Mucked
wouki January TX-XI, Millernto in Februrry, Engines, transmiss other parts requiring specialisæd tooting would be imported from Italy, sakl-Router.
ewing the
Anni
results of
the year before considering a distributions,"
American Stock
volume was 1,350,000 shares.
Dow-Jones closing averages
begin in
inotel
Kusin Lumpur, Nov. 13.
Dod
Turnover fur the week Was $2 million, four lakhs less than
I
Mr Burke Knapp, vice- president of the World Bank today Lald Tunku
were:
Abdul
20 industriala 20 calls
15 utilities
Malaya's
Prime
45 stucka
further
Exchange Rates
was don exchange morning at the following rate
Business
unofficial
is the
ke!
kexent Bar
U.S. dollar per $11
Sterling notes (per #1}.....
Australian notes (per
H
6.17 13.93 19.54
Indonesian ruplah (per 1001
Siam cele (per 100,
Singapore Straits
1.0
lust werk. Tully was eight Rahn
i higher, seven unchanged and 10 Minister, that the banic was
lowes.
with seven willing to consider a compared bucher, eight unchanged und 10 Joan to Malaya. lower last work.
Curtailed
Here is an Ice House Street ebserver's account of the market
In week curtailed by the Armistice holiday on Monday, trading has again been on a
MONEY
makes Money
The Evening Newp
Jgfoghane: FLEst dtrack 6098
Record Owl Çormatieg Hyung, §.C.,#| Saturday, June 21, 1988
A SATURDAY
REFLECTION
Wealth consists not so mugh in the podaeisjon of riches as in their use. A misor starkkig his mind and body may possess a kid- dan fortune; but he is not really rich unless he makes Boine pse of his money. Th
uth aorting to at
Zabuton Evening Newr
Make the best use of your money
by opening a Bank Deposit Account
with Lombard Banking.
59
Interest paid without stedwertod of Laited Kingdom ing@PER FOR Send today for your copy of " Bank Eleposit Account” Booklet No. Aons from General Manager
LOMBARD BANKING
flood fler:
LIMITAN DANKEES
LOWRIDO HOUSE, GURZAN STRELY
PARK 14HF, LONDON 1.)
Tuban 11 (89 (os)
Artestated Danh s LOMBARU WANNING ZHAN KARY) LYD PINKAFANN OGULE, HAFFLEN QUAN Budarokk. Talautune: 21523
A World-Wide Dunking and Finance Orgonlyptián
40 bond
Co. future price Index
Closing Prices
Allied Chemicals Allied Mills Inc. ...
told not
Allis Chalmers Am. Brake Shoe
ANET meeting with the Tunku and Colonet Sir Henry Hau Shik Lec, Malaya's Finance
Knapp Ме Minister.
have "We reporters: reccived any approach from the Malayan government for further Joaris.
"But I have said the bank stands ready to consider any approach."China Mall Special.
American Cabio & Radio Corp. American Cynnammid Co. Am. Guy & Electric
Am. Home Prock
Ain, Mach. ▲ Fury. American Metal American Smelting Aai. Sugar Ref American Tei & Tel American Tab, "B" Anaconda Copper
COMMODITY
FOREIGN EXCHANGE
LONDON
Closing rates were: New York Montreal
Amsterdam
Onto
Para
Stockholm
Vienna ums
2.03-9/16-2.00-11/18
2.726-3.7214
10.30-10.BU
20.00-20.01%
11703-11709
14.4054-1440
72.44723
Brusela and others unchanged.-- UP.I
COTTON
LIVERPOOL
Cotton future closings, in pence per lb, were as followst
American Contract Dec/Jan! 13.10; May/Auri: 1.29: May/Jute 2205; July/Au! 21.36; Dot/Nov: 2140; Den/360: 1.00
060.75
05.90
Loews Incorp....... Late Star Cement Cu Lowenstein & Sana. McDeanost 3. floy McDonnell
Stock Exc.) Mceal Iron Corp. 104.00 Morganto Chemito! Co.
30.68 Montgomery Word 184.88 Motorola Inc.
National Biscuit Co. National Cants Reg. "A" National Dairy Prod. National Lead ....... National Steel Corp. New York Centrol Norfolk & Western Ry. North Amer. Aviation North-west Airlines Otle Mevators Owen-hlins Glass Oxford Paper Co. Pacific Gas & Elec. Pan American Airways Paramount Pictures Penny J. C. Co.
Philip Murris
001 Procter & Gamble Co.
May: 36.18; July: 3420; Oct: 31.01; Ded: 3100; Mari 3182.
NEW ORLEANS
Prices of cotton futures closed
today as follows:
Bpot: ung. Dec: 36.05: Mar: 30.00: bay: 10.13; July: 4.20: Det: 3105: Dee: 31.65; MS: 31,90,-UPI
RUBBER
NEW YORK Rex rubber futures today
lower closed 10 to 30 points with sales of 20 contracts,.
Closing prices:
Nov 92.56: Jan: 91.99; Mar: 31.03; May: 31.89: July: 31.70;" Bepi? 31,65; Now: 31.00.
AMSTERDAM
The rubber market was quiet Loday. Quotations were un changed.
BINGAPORE
The market opened around the previous levels and ruled extremely quiet with majurity of dealera dipinelined to trade.
Mixed Confrøet Dec/Jan 21.40 Mar/Aprit: 201 Futurow May/June: 22.05; July/Aug!" 21.06;| Np, 1 Yubber per I. Nov. D/Novi G.
No. 2 ribber per b. Hov No, a rubber par fh, Nyv. . #710-bi No. Nov. 8
NEW YORK Priens of cotton futurgu gloved today as follows:
det: 39.30; Dio: 30.00; Mar: 9040;
Spot rubber
alaket erepe ............... No. 1'puje croya
Western Union Tel. Co. West Va. Pulp & Paper Woolworth
London Freight
50xd the Balle
12
431
108
Market
London, Nov. 13.
Although there was apparent- presmare to conclude ly less business in the grain sections of
Exchange today moderate umount of chartering maintained roles took place 146 on North Eurppoon recounts. ZIEL There were reports, however. that two converted tankers had 281been fixed for wheat from the
36-9
(Com)
13
33
601
zzt; can
PRICES
LONDON
Gulf to Bombay at 65 shillings per ton for December loading.
Miscellaneous North Ameri-
45% tops
428
No Loyalty Rebate
London, Nov. 12. Aluminium Limited of Canada will not extend beyond the end of this year the loyalty rabate of two per cent It grants United Kingdom
of
The Brlich and Scandinavian delegations made no secret the fact that they were puzzled over the reasons for the more hopeful view taken by the "six" of the prospecia of securing agreement on the Free Trade Arca
the Common before Market tariff agreement be comes effective on January 1, 1939.
The Six Corpmon Market countries дга France, West Germany, Italy, Belgium, Hol- land and Luxembourg.
Hources
All Parties Although conference said that all parties al today's consumers, resumed talks were apparently
is reliably understood here.
The rebate,
introduced
10
prepèred to compromiso, theto
in was no definite indication of 1957, npplied to those users who French willingness to
agreed not to Lake Burstan metul At that time, Russian
nocept
the principle of the Free Trade
metal of a quality comparable Area by the end at the year.
the Cunndian was available.
tr:
In the absence
of such
悝
at substantially below the Cana- French statement it is difficult dion contract price of £197 per to see in what respect the situa-
Mall on had changed. Foll delivered China Special.
Watches Exporters
13 London, Nov Russia, Japan and Communist Ching my soon became 'major exporters of watches, the official Journal of the National Asso- ciation of Goldsmiths said today-U.P.1.
churtering included 8,000
of scrap
from fron
California to Japan at lump sum
13 $58,000 for December loading-
U.P.I.
All-Purpose Type
New York, Nov. 13. Seiberling Rubber Company has announced that it in to make an all-purpose tyre for the year-round service on farm dull lorries, local delivery units, dump lorries, school buses and similar vehiclea
The trend was designed for No. 1 Timm spot 2016-20 self-cleaning to prevent packing
The rubber market was
with spot quoted at 20% pencet per lb. Prices:
Settlement house term:
2016-20
Dew.
Jan Mat
April/June
July/Aug.
Oct/Dec.
General market, elf bar, ports: Now.....
284-20
Dee, and Jan......
Estato crepe thin Dec. .. 2715 Estale crepe přilek Hep.
27
METALS
LONDON
and
of mud
between SIŁOW shoulder lugs-Chinn Mull Special.
20% U.S. Loan To Formosa
Washington, Nov. 13.
The United States today aigned an agreement to lead $3,200,000 to Formosa to help modernloo the Formoson railway system and Import diesel locomotives.
The loan was made by the Development Loan Fund, and 'The tin market was quiet the agreement was signed here. with down 11⁄4 and three months |--Reuter. 1/4 tu £750 and £77% respectively.
Expot p-musth
| Cópjity" Кро
imanth Lead det hell'
Nov.
Feb.
Kine Ist hate
NOY.
FoU.
verse Car Production
240
13.
Detroli, Nov, Motor car production in the .2.30.
this week will United Stater 2344% 234) drop to 124,845 astemblies com- pared with Inst week's 120,370 1612 78% had the 141,004 in the corres- ponding week last year, ост cording to Automotive News,- Reuter,
*
*
But certain Common market delegations suggested that the French Government nooded
time in which to mollify opinion
in industrial circles which bayc conducted the campaign againgi zohe They the Free Trade suggested that by next week the French Government might be able to announce a concillatory atitude.-Router.
P.OB.I EA
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N, ÇO.
OOTWARCI
"CORFU"
"SINGAPORE”
"SOUDAN”
"PERIM”
Laynı UE.
Sallad 14/20
Saffech 10/10
Sated 7/11
Balled 1/11
Due Hongkong
17th November
19th Noveraber
13th December
1721 December
14th Dpeutstyr
19th January
"CARTHAGE" 14th November
"COROMANDEL”2811 November
Homewards
"COREU"
"SALMAHA” †
"CARTHAGE"
"PERIM**
*
"CANTON"
*
21
LERT Bangkong
Bist November
7th December
18th December
9th January
10 January
Das London
nd Rosenber
Joh JanusTY
13th January
7th Febr
10th February
Via S'pors, Penang, Colombo, Bombay, Aden & Pt. $26.
↑ "BALMARA" loads for Stralis Parts, Aden, kt. Szid, London, Hamburg, Rotterdam & Äntwerp.
"PERIM” Loads for London & N. Continent only
•
DRITISH INDIA S.N. CO., LTD.
"BANTILA"
doo 18th Nov. sala 19th Nov.
"PACHUMBA" das 16th Dec, anile 17th Dec.
from Japan For Singapore, Penang, Finzoon de Calcutta
from Japan for Singapore, Peasng. Hangoon Calcutta
P. & O./B. 1. JOINT SERVICE
"URLANA" In Pott
"ORDIA"
from Bonbay. Cochin & Bingapore
for Jaden
alle 18h Nov.
Aue 29th Nov. from Japan
at Dee, for Bingapore, Penang. Cochin, day, Kara- Dubai. catures,
de
Kuwait, Darrah
khoreemot
FASTERN & AUSTRALIAN 5.5, CO., LTD.
"EASTERN"
"NANKIN"
IA
Fort
from Australia all 15th Nov, for,Japa
due 180 Nov, from Supan, 2. Chine and 15th Nov, top Labuan, BandaxAZI, Brisbane, Sydney, Mel KON
ABOUTIM,
AB VMICA Have liberly to call at any ports on of off the route à fhe ropja ĝi malijnge are subject
to efunge or amendment with or without naifós,
For full particulary apply to: MACKINNON. MACKENZIE & CO. OF HONG KONG LID. Telephone Nos. 277214.
more
£