HONGKONG STOCK
EXCHANGE
Our Own Correspondent
Business
this
done on the Hong- Stock Exchange kong moming amounted to approxi- mately $410,000 Noon quota- tions and the momim'a transpe- tiens werN:
Khares
JANKS
Hi Bak SHIPPING Wheelock
Duyers Bellers
DOCKS, ETC. Wharf
Buck
LAND. ETC. *k Hotel
EK Land
Humarey.
F:colty
FUBBER
frunt
Uxies
750 753 130 4 700
140 5,43 2500 1840
21,20 21.40
30 30 23
14.00 15
4400 40
20030 23
1,35 137 DUO 139
Arig
1876 1 1 145
2.3775
235 20 25 et 2 (0
A Tawoh
Songado
2.45
2.00
1TILITIES
Trom
23 00
2200 2: 90
Sist Ferry.
LED it r
Yumali
2012
102
(Light XD 117 100 Electric
123 12
200 - 10:30
702. $3
2410
12
2440
1150 24 30
32
21 10
1
7:00
Telephone 2170
INDUSTRIALS
i ེབ
400 45
DU05
433 7:00
100 qr 24 70
Cemen
24 00
STORES よさでい
Botry
1540
15 EN
100010O
12 70
100
12 70
4500
17 14
13.30
1
MENTS
Watson
ANS
I invest
HK & FI
Invent
050
THE CHINA MAIL, FRIDAY, NOVEMBER 28, 1958.
WEEKLY REPORT
ON
THE HONGKONG STOCK EXCHANGE
PRICES HOLDING STEADY
Rights Depress Utility Section
Wheelocks Rising
By A SPECIAL CORRESPONDENT
The Hongkong Stock Exchange was holding its ground very well this week with the exception of China Lights and Electrics both of which yielded ground slightly.
The rights for Eletries and Phones have rather donnes af
with the utility sections.
junta. tions for both down on the el Electric rights must be paid s by December 15 and people are Relung rid of them at the lust rament either beccatise they di not have the money to pay for the issue or they do not want The Phone rights have to thern be paid up by the end of ext rath
Influence
Due to the tnfluence of seling
in London, Tritons were no dee
lighter
Rubbers were steady Bui dealings were On reale.
Market Diary
Here is a market diary of the week:
Friday:
Mundar.
Further encouring-
ed by reduction in] London Bank Ra CULT/O: $80,000.
Prices inclined harden
$700,000.
to
Tuesday:
Movements
and sanall. $475,000
TO
this week shoke Dunn - | Wednesday: (Quent ktorat totĀ,
Thursday:
Wheelocks started to this Ack
15 skalja Sim
7-0 $387,000. No terimi
$300,000
TO
HKC Bank Lombard Union
Wheelock
HK Whart
ILK
If
IK Really
tor Ferry
Taumatis
The
Mutual Fund Quotations
following are quotations of Mutual Funds in the Unlied States in American dollars. The buyers' quotations Include com- mission:
Sellers Buyers
18 10
14.43
★ The Share Market At A Glance `★
Up or
Oct. 20 74736
Nov. 6
74714m
20.70b
116
a.85
27b 2115bx 5.40xd
Nov. 18
745
2714
Nov, 20
740
Nov. 21
Down
745b
+13
27#
270
stendy
73
73140
---31
5.25
5.30
5.34
Be
D4
950
035
steady
HK Docks
434
43
431
121
~$1
Provident
11.30b
11.40
114
12
11.90
-100
Hotels
31.30
21.30
21.30
21.30mm
21.10
200
Lands
307%
3014
30
3016
-200
1.4259
UK TranS
25:10
1,40% 25.200
4.375
1.34
1.28
steady
25.20
25.40
23.00
+ toc
Mutual Funds
106b
1099
Affiliated
0.20 +00
100
107%
1011
-$6
Am Bus Shre
01
DOL
DO
89
BA
-$1
A Mock
4,25 4.00
4,47
17%
17.20
17.10
17.10
16.30xd
-300
Boston Fand
11.30
Bellark Fund
24,80
24.70
24.00
26.40
24.20
-306
23.50
24
23.90
23.70
23.00
4.206
Candy tien F Ceradian
13.10 14.03
Cement
22.10
23.20
23.40
2414
21.70
+200
Int Brow Colonial Fund
19 14
1029
Dairy Farm
16,00
13.50
15.40
151
15.60
+100
Diviteza Shase
204
AN Staivon
11.10b
11.30
11.30
12.40
12.00
+20c
Tova fun M
Li.fro
13 02
fal
$5.37
Lane Crawford
13
13
13.60
13,40
13.400
steady
Paton & Block
23.03
G
36
5h
5.30
+100
Fidelity Fun!
18.37
1003
4.10b
91b
4.05n
74
4,100 9.10b 4n
7.10b
4.100
Plás
45
7.00
4.0250 250
#.0%
+350
FP Plan
300
4.34
1
steady
Found Meal Pa
พ.41
10,20
Cm Stock
12.04
13.84
42
7.05
3.800
-15c
7,03
Kami F 11-1
Faund!
3.13
10:51
11 50
소속도 늘었
1184
Inkit Suome
GUT
Tovert 7 Bent
21.08
12.03
Keystone Cus 11
24.50
25.54
Mans In Tr
11.90
Mama Growthi
12 2
1364
7.03
7.70
12.95
6.47
7.01
1300 10.21
Ch Light Elretries
HK Telephone GI
But Investment Allied
NK & FE Inv Textile Corp Nanyang
THE
TALLY
Last week, 7 higher, 9 unchanged, 9 lower.
This work, 9 higher, unchanged. 10 tower.
steady
1:19
Bad
China Offers First Fruits
Of Industrialisation To West
London, Nov. 27.
The first fruits of Chinese industrialisation are now being offered to the West. This is the verdict of traders who are now studying preliminary cables from the Chinese Commodities Fair at Canton.
Grov. thi
Nat Sex Grow Telev El Fd Value Line Mu Wellington Fd Scudder St & k
בד 4
18.12
11.17
1704 3754
Agreement
South Bend, Ind., Nov. 27 Studebaker-Packard Corpora- thun anneninced today that they math reached in accord with the Striking United Auto Workers and that production be resumed tomorrow
would morning
About 1,000 workers had been ittle for four days
The strike
Reuter
Thanksgiving Holiday
New York, Nov: 27. All markets were closed throughout the United States today in observance of Thunks- giving holiday.-U.P.J.
FRESH BOOST FOR MARKET
IN LONDON
London, Nov. 27. Stock markets had a fresh boost today helped by yesterday's recovery on Wall Street and the more
readiness of views about the Berlin position. the
AL
close gains were widespread and in many cases substantial. There were numerous
Bains
In the englacering section. Lead- big motors went ahead and electrical equipments were firm. Support was forthcoming for gill-edged and prices advanred to the extent of
but best prices were not fully beli
Irregular
Furelen bonds were qulety Irregular. Dullar stocks were marked up at the nutse and held their gains.
Gold shares had a good day and showed an all round to... provement. Cappers
wel ahead
Oils were mostly better, bak- ing their cue from Watt Street. Shell were good at 166 shilinga 10% pence on further
con-
sideration of the quarterly statement. Roynt Butch were up.
because of Rubbers were quietly fem
U.P.L.
UK REAPING BENEFITS OF EASING
EMBARGO
London, Nay, 27.
The British industry is just starting to reap the bene- fits of the easing last August of the emburgo on
• export
of strategic materials 1. People's China,
While Chinese
Insporters had been slow to take advantage of Live
ther possuiries opened up. Tavo large ordřis fot chane Hals ot nude by China bave given new hope to Bittam's heavy industry
The orders were placed by the Charm National Mšeninery" In- port Campination, a semi-dend organisation, with the Asquith Machur Tre) Corporation and The David Brown Industries Lui The fet ender involved the p Phase of lestvy milling-d: filing
grarchies fea
the $600,000.
J
tal value f second, grar- rusting machines for turbines
worth £500,000.
STATISTICS
official
Meanwhite,
trade statistics
forrige dise loved that during the first mine months of mainly China has year.
this
bee buy from Britain non- strategie gouds, mostly textiles. The figures showed an increase of 75
cent oct
British In exports to China which totalled £15,108,000
British whereas imports from that country totalled £12,248,000.
Chiru's trade
wan expected lo increuse further stil wifis the completion of orders now
being carried out
Wool lups, in Britain;
rayon viscose box spun and box yarn, steel sheets and tubes.-France- Presse.
deflest
More Embargo
Goods Decontrolled
London, "Nov. 27. Changes in export conting. which como into force on Docombor 1, wore nounced by the Board of Trade today.
-UD
They include a second instal- ment of relaxations arising out of a recent review by the Co- Ordinating Committee on goods embargoed to the Sino-Soviet Blog (Cocom) and relaxationa
CITY LIGHTS!
the galling thing is, so far she's done extremely tell ILL Mer INDCBL-
ments
London Exprena Sacred
Nuclear Experts Visit Hongkong
(Continued from Page 1)
Other point my Kaduerte
IA
Cha
traders
Mr
had 1/16
in
4X3411
machloe
celation tr traditional, valve onunufacturers said they | duela, sugar and general mer-
produce,
European had no fears for the European chundice ut Canton. A Chann have been offered
who market beenuse they doubted if businessman,
in through quantities
Hongkong alter wide range of light industrial China
six! day's t the Fair said he had products, including radio valves,
concluded deals In these Pro- batteries, torch cases,
Nevertheless, Western sup-
passed
י+1
DevelopmeLTAN Kowloon has been such as ebsorb virimally the Tuli capacity tools, biegele parts, small lathespillers already face considerabile ducts to a value of £150,000
welding electrodes and rocasure prospective competition from leaving fets engine.
Those tog instruments. It is how the way of stunty.
who Jepan, particularly in their Far bave
Eastern seen actual samples of
markets. There han for the Company 1 Hessely inv nekditional mams in many these products say that quality been a growing tendency to set
are both extremely up Western size as lu and pria's
subsidies J71 Afro-Asian murkets 1 M fotential demand there China should join combat with Japan on radio valves and cheap
of such Juvide both a large 212 212: Frottractive. Immediat reu varents for further development.
und
Durk the yen 73 miles ewdergmand cables were fald and 63 mies of wire had been edded to overhemd transmission lines. A total of 30 new steret
this were installed.
Disappointment
Mr Kad art tey orted.
vii
Shanghat was coming onto the delopment Italo Had !market
Huber have quietened down after the last few weeks'
Turnover for the week $2.83 million compared 472 million.
WH with:
Ruled Steady
been chrappanting
The project for a steel mill at the southern end of the island aban- eppeared to have drobed and, on for, incrests fal development was negligible
Imant to bulk power con- el tere had been mor than a tea per cent ihersage
·Y
india-Erzal
expansion
All
aze
quoted at cheaper frates than pply for comparable Japanese goods and might well And a market in Europe, it is Some scepticism has claimed, been expressed by certain quar- ters us to whether the bulk deliveries would be up to the Įstandard of the samples shown,
on
receivers it would make West- en sales more difficult in thead markets, it is cinimed,
Priorities
Telecommunications
But negotiations are understood among the to be in progress which could | Chinese result in sizable purchases European account. No further detalls GTU available 'H} this stage about these negotiations.
1: JEL
con-
4 there were signs of certain industries reen shot in
an Jen House Street) and to protect the Colony's observer's arvount of the market
The
Market ruled Stock steady throughout the week but there was no standing feature to report,
<120.
In the wilty group China Lights and Electries yielded slight ground but elsewhern prioca were
well generally maintained with a number of issues making small calen
China Providents were shade Armer while in the Kforce section, Watsons and Dairy Farms tacked on small gainx.
A
conany very effort should be piade towards diversification. Manufacture should be spread aver a large a variety of pro- durls as possible.
Net profit for the
year was $12,990,844 against $10,220,687 Jost year.
Exchange Rates
Tunintr
tuo ܕ
Too Early
Nevertheless, traders suy this the first artun business emerging from China's vigorous industrialization programme.
early yet to Judge Just how successful this industrial-
has
Business proved sution over the coming year will throw more light on China's ability to play a changing role in world markets. But most observers
will be a agreed it formance worth watching.
TC
per-
Itadin valves *fe a cuse in point
examined Agents who
claim the samples at Canton that they are up to European standards.
Exports to Afro-Asian mar- Wan de in the local
market thankets have been rising in recent arch? exchange mening the following rates
reports months, Recording to US dollte gier #U
roaching Tokyo and It is under- Stering notes per £11. Autralian tit. (per £1.
stood that Western observers ore dunvalon rupiah (per
watching developments closely. Stem tical (per 100)
But Singapore (Straits;
number of European
COMMODITY
COTTON
LIVERPOOL Colton future
closed today In pence per lb. as follows:
American Contrast Tec/Ja: 23.30; Mar/Aprit: 21.48; May/June: 23. July/Aug 22.55; Mixed Contract Dec/Jan; 23,00; Mnr./April: 23.21; May/June: 21.70; July/Aug: 23.00; Oct/Nov: 31.20-UP.
Det/Nov 21.00.
made possible by the castor OREIGN
dollar postion or the change for the better of the pollon of goods previously in short supply.
The goods decontrolled include certain fircraft fuel blending agents, petroleum based Rubelen Unt
and greases, erude petroleum, diesel, gas and fuel oils, keroseng, newsprints and certain manufactured sheep seln and fur skin articles.-** Router.
TXCHANGE
LONDON
Cloring rates were:
RUBBER
SINGAPORE
3.23
15.87
12.73
4 10
26 20
AD
The market opened slightly higher on improved overnens advices but despite good interest in lower sheets it easect 10 previous closing levels.
Fattories were quiet. Future riosings Wero: - No. rubber per lb. Dee
Jan - No, 2 rubber per 1. Doc. 044-87
-
No. 3 rubber per . Dec. 831-80 No. 4 rubber por lb. Dec. 84-86
Blanket crepe ***
75-78
PRICES
Wers!
Best priorities of development and her radio receiver Industry is be loved to be well established by Uus stage. Observers clair that she has also established transistor volve industry and private Industrial intelligence 24 ports suggest that she may be Thinking of penetrating Afro- Asian markets in this fiele, log.
have
Chl
Velve experts What
in besen
coninct with have been impressed by Chinese Technical knowledge. A Chinese mission to the English Electric Valve Company recently im- pressed members of the company with their knowledge. Experts In Britain who recently received samples of ceramic valve holders from China say the standard of workmanship was "very high."
also, These,
are now being offered for sale in Europe.
The
Chinese cempetum may the keenest In Europe through Germany next year The West of Indus- Gurman Federation tries warned recently that she may launch a sales drive there in the near future, following large purchasing orders for German goods in recent months. China recently bought large quantities of West German steel and her
purchases from Ger- many the arst six months of this year were £2,000,000 up
China on the previous year. Mall Special.
Russians To Buy
U.S. Goods
Moscow, Nov. 27. International financial pro- moter Loo Y. Chertok announced last night the conclusion of an agree- ment in principle to nego- tiate a 500-million-dollar private bond issue in the United States for Soviet of American purchases goods.
Chertok, who in President of the Mediterranean Oil Company and the Chertok Corporation in New Chinese television in York, has been negotiating hero Techno-Import dustry is also reported to be all week with under rapid development, At und other Soviet importing or- least one British company, Mar-ganisations, coni Instruments Lad, has bern Chertak told United Press In- that Soviot trade able to benefit from this with ternational
to salcy" "useful
[1 electronic experts expressed readiness
from pecept concrete offer Instruments. The measuring
American bankers to Anance company staged an exhibition in Peking
and Shanghai carlier half a billion dollars worth of this year and is now celling Imports.-U.F.I. steady quantities of Instruments, including signal generators and valve voltmeters. Many of these
in
are
being used television Industry.
Competition
China's
Bleycles ore another example.
**
*
PO 3•I EA
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL 5.N. CO.
Gutwards
Cervor UK.
Due Bangkong
"SOUDAN"
*
•
Solled 1/11 "PERIM"
Stalled 1/11 "CARTHAGE" Salled 14/11 "COROMANDEL"2018
nth December
17th December
14th DecTITEM:
November
"SURAT"
"CANTON"
"CHUSAN"
*
UAR TO GET
JAPAN'S CARS
Tokyo, Nov, 27.
*
Motor Company
a
Hitachi 251-251
Sir Evan Stedeford, Chairman
of Tubo Investments Ltd., refers Japan is expected to export 350 In bis annual
statement to in-diesel cars soon to the United learned (enaltying competition in over- Arau Republic, it was
today.
The order, worth $10 million.
Jen/Mar,
Oct/Dec.
2334-20
Geceral markets, elt basis, porti:
Dee.
Jen
25-23
2512-237
Feb.
2515-20
rue markets.
Infale crepe Bin
Dec.
2715,
"This year saw the appear-
27.1.
Estate crepe thick
Jan.
METALS
LONDON
The Un market was stezdy. Aipot, nibber unbated. 1013-but, | Spot canod 1⁄4 to £100% and {three-monthe was unchanged at
£76244.
Turnover wrs 10 tons.
Na, pnle crepe 70-41
AMSTERDAM
The rubber market was dull
quotations today. All
LONDON
ene of Ulcycles from Rumia" the largest ever received by
stock industry he states. In addition, China the rolling
has now entered the fray and, Japan. as an earnest of her intentions, The order
in
resulted from
has offered prices which Low successful tendor submitted by could profitably match."
laci at an International bid- China has also been geillageing held by the UAR. govern- motor car tyres, rubber pro- ment this spring-V.P.1.
Pearl Investment Managers Ltd.
AMERICAN AND CANADIAN SECURITIES,
MUTUAL FUNDS AND COMMODITIES.
werd
Buyers Rollers
unchanged.
The rubber market Wan zieady with rol quoted at 25% pener per 1. Prices:
Tin
Apot 3-month Copper
Apat
.750
7x 18.4
280
www
JeromİN
2301,
73
tora ruot
291⁄44~20!*
Least til his
Nov. Heb
7814
712
1170-1177
Belegent home term?
Zine 2nd halt
1447-14 the
JAN.
2216-2***
14
· 502 Bank of East Asis Buliding
12.23-12 231
Fein.
7347-701
Feb.
7336
Ta
titiore unchanged.—UPA.
Маг.
20-3511
-U.P.t
New York Mupironi
rzodeplagers
Funkhlet PATIA
Starkticle
2.0076-2.80%% 2.706-2.71 123CR-1930 11.-11.70
Tel. 28738
Homewards
"CARTHAGE" "SOUDAN” "CANTON"
"CHUSAN"
"CORFT"
121) JemuRTY
Ak December Joth January
Izin December 1 January
23rd December 21st January
Leaves Boogkong Nur Lundon
10ch December
6th January
ittis January
3rd February
Fruruary 13th
10th January 19th February
14th February
3rd March
10th March
Vla S'pore, Penang, Colombo, Dombay. Aden & PL Bald.
↑ "BALMARA" foads for Stralia Ports, Aden, Pt. Said,
Antwerp. London, Hamburg, Rotterdas ä
"PCLIM" toads for London . Continent only,
BRITISH INDIA S.N, CO., LTD.
troen Calcutta, Rangaon. "BANGOLA” due 20th Nov.
Tenang & Singapore mails 30th Nov. for Japan
"PACHUMBA" due 17th Dec. from Japan
walls 1001 Dec. for Singapore, Penang,
Itongoos Calcutta Chittagong
P. & O./B. I. JOINT SERVICE
"TADANA"
"ORDIA"
F
dur 80th Nov. from Kuruchi
Ex Deo. for Whampas & Japon
dae End Dec, from Japan sally
"UMARIA"
"URLANA" dup
4 Decor Singapore, Penang.
cila. Dambay, Kare- 41.
Dubal, Bluecanti
&
Kuwatt. Baarah
Khorramshahr
from Bombt
for Japan
Ave Ath Dec. catla 9th Dea.
in Dec, wil 11 Des.
for
from Japan
S'pore,
KATACHL Dubai, Kuwait, Eleorah
& Khorramshahr
EASTERN & AUSTRALIAN S.S. CO., LTD,
i
"EASTERN" londe 10th: Det.
1
and 10th Dec for Labuan, Sandokan. Brisbane, Sydney, Mei- bourne & Adelaide,
"ARAFURA" Que 14th Doe from Assetralin
mile 10th Deo. for,Japan -
All vessels báru überty to call at any ports an of off the raula & the route & mailings are subject. to change or amendment with or without notice.
For full parllealms apply to i MACKINNON, MACKENZIE & CO. OF HONG KONG LTD. Telephone Nos: 27721-4.