THE CHINA MAIL,
FRIDAY, MARCH 18, 1955.
TRADE and COMMERCE
SECTION
NEW YORK Britain Losing Position As The
STOCK
MARKET
Quietest Session
Of The Year
New York, Mar. 17. A spurt in steels and two!
HOW mengaj
enndidates to-
day onlivened the quietest stock trading session of the year.
POST most of the .ouston and in a VOY BOUw range with trading at the lowest pace the Nov. 1 before der last eletion bou got baterway.
Neat the close, however, sterk dure. spuited shorpty, scurtos, gatus of as moted as 30 pounds
12 M in Bethlehe
150
Tamed, Wheeling and Army and a pobil or more US Steel, Sharon, and Republic Stee-}
Earlier.
Bethlehen
art
Youngstown Sheet ant Tube.
World No.1
Shipbuilder
GERMANY LAUNCHES
PASSENGER VESSEL
Hamburg, Mar. 17.
Britain is losing her unrivalled position as "shipbuilder to the world." Struggling to beat. her is Germany,
This fact was brought home strongly to Britons and Germans a fortnight ago when which clowest punt hughes, has down the skids of a Hamburg shipyard slid a sleek been sold beayth at the Justler,
new 10,000-ton passenger liner, the first passenger Depper Literal ze emphasisedt op- pondtion to Thets terge
ship to be built in Germany since the war,
Two other mergent naredkolates.
The men along the quaysides tuckst
Sperry Comp and Remingtons Į a beesral
Ranch provided come frew+zke with front leve vienigh tu
farve Mesparton of dealing Boly doing the affett memakl
SHARPLY HIGHER
They had bart the lines 111 Asian 21 Week two-thirti 12: its | ume it would have taken Bei
Lath's proud shuptaulders to de the parts.
Remington get a 76 11.000 sharer, Sperry 11 10.000 with both sherpas bigbeer followung the unustaticement of a merger,
Sperty closed at $597, up D. und Humungtam at 5425%, v Ty
were Tuesday's
B÷00S
taking top sport
ka
Hemingteer
Uans were up 14 cents,
Sale for the day amounted to 2,200,000 shares, eutupared with 2,800,000 yesterday,
Of the issues traded today, $29 were higher, 379 lower.
ly
A few oll shares moved wide-
high-priced Superior |
of California clumped 65 points to $050, Houston Oil lust, more than two.
The New York Stock Ex- change bond volume was $2,- 820,000.
The American Stock Exchange volume was 798,000 duures.
Dow-Jones closing average Today on Wall Street
were f follows.
65 stocks
20 calls
15 stelle.
40 Bonds
Come fine piree
YESTERDAT'S PRICES
Alden ine Ary
Allest thenocis.
Allis Chaineers
American Arine
Albestron Metal
American Smelting
American Tel & Tel
Armaui
Bajwin-La-Hamilton
JELJIN
40% 23
141 58
01 20
1
Mod 11
5 21
1 IN
SPEED
has
this--peed that ude the German ship-buliding Industry great Simply thronigli
hard work and sweat Germany's shipyards, smukiering rubbe
་་་
of the war's end, have beenne the world's biggest supplier to trengo anilons and record big- Resd ship-makers in the world. And manly the fastest at build-
A them
As her shattered shipyates were rebuilt, making them the
World Cotton!
Markets
New York, Mar 17 {'otion traders
ከ መ today successfully tried to keep previous two-day rally going
slowed
Closing prices losses of 5 to 14 xts. The market opened up 3 to 7 peserta. ; New Orleans closed DIT # To 9 points.
ut flat
thes
are, Ger- rept steudtly
loser
to Hettam's place as the world's leading martine comtry
In 1990 Beitai bun 1,325,000 Tons of ships, tiremany, 154,008 Laust year Brilain
Was
Building Jesti = 1,400,000 By then Germany had almost over- taken by building 953,000 tons.
More than half
ידע!
#W
sels are for foreign notions, A thred of Britada's output is Sold ofrond.
H.K. Engineering And Construction Company
the
The Directors of Bangkong Engineering and Construction Co., Ltd. announced
will that they recommend to the share- holders at the forthcoming Ordinary Yearly Meeting of Shareholders to be held on April 26, the payment of
dividend of 20 cents per
and
share on fully paid shares 10 cents per share on partly paid shares, all free of tax. in respect of the financial year ended Decem- ber 31, 1954.
TODAY'S
SHARE PRICES
(From Our Correspondent)
Business done on the Hong-
Strk kong
Exchange This morning amounted to $888,410 Noon quolations and the snort- ing's transactions:
SHARES BUYERS SELLERS SALKS
BANKS
HK Bank East ML
Lombard
And **'ཝཱ་1 13:10s!
shipping isSURANCEN lines are buying from their gu ahend old enemies--sinaply be muse the Germans. van enipply Juore quickly
BLUE STAR ORDER
go the
wortli
A prise weeks
Blues Star Line-one of Britain's big- gest- ordered from the Germans Caree 12,000-t refrigerated
ships argo
nearly $4,000,000
The Germans quaranteed de- a year before any British 1.very shipyard could.
And within five years, some Germans are confident, Ger- many will be in the lead as ship- buliders.
World Rubber
Markets
ני תרד
DOCKS, ETC K Wharf Jock X1) Providerst
X Au Wherkuck
LAND, ETC.
1500 [20 $570
201
04
24.70
י'[!
חוי
au 120
HONGKONG STOCK EXCHANGE
Up Go The Shares Again As
The Buyers Return
By A Special Correspondent
In spite of all the political and economic strains and stresses that have appeared on the Far Eastern scene in the post-war years, the Hong- kong Stock Exchange has frequently exhibited a rather remarkable resilience. More recently it appears to have developed an immunity to the per- vading moods of gloom and foreboding which have gripped Asia in the wake of the recurrent crises.
To the noilla
KTIS
the
Colony
Electries l $36 are 15 venis to live 111
better on the week but stendly 15! stale A nervouson the wrtnight exoplanet which rises to Neverl pitch with every oninis pri nomeement by the United States Sectory 11f State and every Fittle incident in the island wor
the Chino coast.
Ta the south,
China 15 Den
In the industrials, Cements, $25 30 # wrok
closed $20.80 yesterdas
E + 10- term bass they are one of the best buys in the market flas
and then
t prospe te upper r **** Indo-
guarantee arther very suevis- constant ful する alend since the
of anxiet v SOURCE
Jast
# that
Bir
and tear. f blight
4*,
7 10 720
500 7 10
JK Hotel XD 16 10 16 30 4000 e 14 20 UK Land XD) 4, 113 100 GETS
Humphreys
XI Realty
UTILITIES
Tran XD
Announcement had been
Dairy F;ALMS show an Geneva preements were signed provement of 50 csits on
year. Political misfobility week to ete at $22.40 mas threatened to undermine the ft Father
remarkable to kee isaining vestiges of democracy that Tongkang and Kowloon
Bangkok watches Whin ves
appear to have shaken the machumtions of her northern off the gham that descended va
with apprehension
with the 71m them Terrorismi continues that the dividenel
Lle
nie and passed They slumped from pogres
Malayn $70 before the announcement to There are distant rumblings of a kw 162
เ
but they closed discontent i fndsmesin where yesterday the political and economie frame- unsatisfied buyers ft 305. work of the young Repulslir has Wheelocks Pontinue quiet, undergone a prolonged period of sule at $7.10
yesterday leaves stress.
them about steady on the week but these are, in my opinion, shares to keep and
P&O B.I. E&A
COMPANIES
PENINSULAR & ORIENTAL S.N. CO.
PASSENGER/FREIGHT SERVICE
Dukwarda "CANTON" "CHUSAN” "CARTHAGE" "CORFU
Leaves London Bar HongkhoR
4th April
18th March
10th April
2nd May
38th March 17th April
2011 MAY
Vin Routhampton, Port Said, Aden, Bombay, lombu, Perang & Singapurn
Homewards
"CANTON"
**CHIUSAN”
“CARTHAGE"
"CORFU
Lraves Hongkong
#th April
2nd May
Due Indon
May
00 May
31 June
Port Bald & London
30th Mav
Orh
Juno
July
لات
Via Singapore, Penang, Colomba, Romboy, Adro,
* Also calla Marvelles.
"SURAT"
"SHILLONG"
**SURAT
FREIGHT SERVICE
In Port
due
19th Mar
711 Ap
toads Apr
from UK via Straits
for Kotze & Yokohamın
tram UK & Strattm for Kobe & Yukubaina
Jandy 14/15il, Apr.for 'pore, P. Sweileh-
barn. Penang. Colombo, Aden, Port Bald, Genoa, Marseille Havre, Lon. doo, Antwerp, Rotter- dam & Hamburg
With liberty to call at Belawan before or after Stralis Ports and at Bombay if induerment offers
Tanks available' for carriage of Oil in Bulk, Space for refrigerated cargo, Limited Passenger accommodation
BRITISH INDIA S.N. CO., LTD.
out 20th Mar
andle 20th Mar
SANGOLA“
"SANTHIA”
*WARLA"
Que 20th Mar,
aits 20 Mor
dur 2019 Apr mail 11: Apr
from Japan
l'enang. Hangout & calculia from Calcutta, Rangoon) & Straits for Japan
for Singapure.
from Japa
for Singapore, Hangoon, Calcutla & ChittagonR
P. & O./B. I. JOINT SERVICE
"ORMARA“
"OKBLA"
dur 24th Mar, from Kaklands Macror
walls 25th Mar, for Japan
due 28th Mar. from Japan
salle 20th Mar. for Singappare, Colombo. Karachi, Berahi, Khor. romatar & Kuwait.
with
A
"OBRA”
due
ils
8th Apr 7th Apr
100
03.
▸
22 20
220
1000
2,03
30,000 2 2.02 4 %
20.10 20 30 275
2700
20 20
20.10
of this
144
Communist China stands like moding (kessus, massive and d sale
this Unpredictable In the background sound investment at
And Hongkong 13 aluny
There has been slightly more peninsula of hope and optimism activity 1H Tubtar shares this
the very perimeter continent of torment mid tension. Work and prices have risen
sion. | gympathy with Singapore raw To an x [CF11--|
11--perhaps a large material rates.
are
120
in
Str Ferry Vaumati Perry.
x Ai
definite New York Sugar
Market
|extent-14 chief protection can 12 10 100 o 114 C. Lig 10 1740 17.60 700 45 47.40 be found in the prevailing belief
1000 1735 that Hongkong has u
100 17.45 uretion to perform us any im C Light (N = 1300 14 1000 g 13.80 Eleokie
313 100% 33 portant trading and industrtull Telephone XD 1is an 400 à 335 [centre in this aron, irrespective 1000 31%f the fortunes of its near and
distant heighbours.
INDUSTRIALS
Cement
X AU .. 28.00 20.9 100 < 26 BO 5000 * 20 70 17 70
Ropa 17 Stogapore, Mar
market opened STORES, ETC
Unity tedy and litt saved on hedge The market brenne weak towards Lise clost Ta Hyomation
Techmelons pointed the expreted henvy producer redemptions out of the Gover). meat, can, alock. rat father a
un the textile a buying splurge market to write
Quare interest telling. were the eauses of some receit Luyers to nerept profits
Worth Street
Puture closings were:
Ma
JA TA
No reported sales
Apri of around 10,000,000 yards of print cloth yam fabrics, con- Cammalt hat Wednesday. ..t Arm prices for delivery throtth the rest of the year.
Trading volumes and open 11- teresis 11
the Exchange today.
American Tobæren
Autscondi Copper
Annco Sivel
14
Baltimore & Ohio,
41
were
Bendix Aviation Corp.
112
Benguet Cou
1 Monte
Bethlehem Steel
130
Being Airplane
#1
May
Canadian Pacific Hailway
ZUP
July
Cune 1, 1) C.
Chase National Bank
08
Chile Copper
32
Chrysler Motors
031
May
FOLL
....
Commercial Credit
Comungawealth Eler
Loterit
December
Bitch
-
July 303 Total Cholest
40
28
1
rathber 1' It
בו-בזים
1571-17 unqusted
No 2 rubber per ili, Apai! 00%-80% No a rubber per b. Apni 75-8
1-80 No 4 rubber ber in April 5-85; Sul ruler onbalesh
tliutykrt t*rej*
Pic
INSULATION
New York, Mar, 17. World No. 4 sugar futures closet unchanged to 1 print Hongkong's awareness at this higher with 98 contracts,
Domestle No. 6 sugar futures form uf HE $3,4 11
to 2 insulation, a protection against closed unchanged
points the besetting HIxily of a lower with sales of 165 contracts, Baubled world. Yet this is nul
Nearby world futures ruind
function
27 221
100 4 22.30 300 up 22.2+E
Crawford
FEATIONS Textiles Nanyang
G 1110
MISCELLANEOUS
Yangiste Allied
871-67
79-80 2-13
New
NEW YORK
1 pale crepe
Futures closed today 80 to 105 Openpainia lower with sales of 78 Intern contracts.
054,000 Lower London
833,200
Singapore
over-
202,200 cables and a lack of follow-up
yesterday's buying 120,000 turned prices an the
3.03. 4.13 4.20
Business
Encyclopaedia
to say that we me cumpletely | sirength in company with the insular that the protecting hide
of
dein spot basis.
Havana trade reports said the is impenetrable in outside forces. that we are insensitive to trends Cuben Suger Institute had sold and devolopments around 119. 100,000 tons of raws to Cuban Nor hus this consciousness
refiners, and others, at 3.20 cents purpose led to any smugness vr ů a pound, fob. The Institute also complacency....or apathy. Nor released an estimate of 180,000 by any faire venes of security.
The Colony slands poised ready to seize the initiative the moment it presents itself.
for sule
воля
the world [marke¦.
Domestic futures moved irre- gularly on mixed dealings be- tween trade interests. Futures:
Contract No, 1 (world)
London, Mar. 17.
The
Colony, too, is ready to take fresh
at May encouragement
It thrives July every
opportunity.
care Sept.
Mar.
May
A now work of reference on hopes which it digests terminal is unlikely to excite the fully, rejecting the superficial and
8,700 market. 2,497,000 Dealers reported a dull aftum-
Volume
34,400
34.200
€ 500
19.10)
220,600 0
4000 2,700
133 700
Consolidated! Edison
Continental Steel
101,000 NEW YORK
Corn Products
Cracio Co.
...
Prices of futures closed today!
Cuban American Sugar
10
Curtin Wright
as follows'
31% cents a Future closings were:
Dupont de Nemour
1001€
Eastman Kik
30
Spot
34441
Do
May
33.77
34.13-15
May July Sept.
30.10
30.30 29.80
3424
Dec
20.40
712
34.220
Mar.
20.00
11
May
July
34.44 34.44 JAAS
May
28.03
General Electric
General Foods
General Motors
Olletle Bafety Razur
Goodrich (F.) C.
Goodyear Tire & Rubber
Honsole Milk Co.
International
Machines
July
October
December
March
It nover
May July
from Japan
for Singapore. Penang, Colombo.
*k
Karachi
Buntbay
from Australia
EASTERN & AUSTRALIAN S.S. CO., LTD.
"NANKIN"
"NANKIN”*
due 22nd Mar.
alla 23rd Mar, due 10th Apr. galls 20th Apr.
for Japan
from Japan for Sandakan, Brisbane, Sydney, Melbourne & Adelaide
All vessels have liberty to call at any porta on or off the route & the route & sailing are subject to change or sinendament with or without notice.
For full particulars apply to:- MACKINNON. MACKENZIE & CO. OF HONG KONG LTD. Telephone Nos. 27721-4.
EVERETT
LINES
EVERETT ORIENT LINE
refrigerator
to
Јараа, Korea, Siam. Malaya, Chittagong. and
Fast regular freight passenger Philippines, Indo-China, Rangoon,
service
Calcutta
"NOREVERETT"
Contract No. 0
1,38
Arrives
8.50
Bails
May
5,42
Spot (cents per jb, cit NY
ex-duty)
5.30
-United Press.
book world. But the up- the trumpery; It may languish | Spot-(cents per fb, for Cuba)
but Occasionally tion in the spot market. with pearance of the first edition | succumbs to fears. buyers becoming exira cautious. The Chambers of Commerce
Spot No. Rss were quoted at Manual should cause a big in the weekly analyses of the sept. pound, nominal. sigh of relief in the business Stock Exchange there is a ce- Nov. flection of this confidence. The Mar world.
Colony's business community,
the Stock and
Exchange were Here is a book that will make all too ready to take heart last obsolete a good many others on wock of the Hongkong and the businessman's bookshelf.
Shanghal Banking Corporation's Rightly described as a business annual report and its appraisal Eastorn situation. of the Far The market was quiet. Prices encyclopaedia, it combines
one volume of over 700
pages This was the revitalising in- closed today in guilders per much of the information now kilogram, CIF April as follows: scattered
|gredient of the week. NEW ORLEANS
through
dozen 16 No. 1 rubber
buy specialist" books that make up No. 2 rubber Prices of futures closed today No, a rubber
2.50 buyers the ordinary office reference na follows:
No. 1 crepe
2.64 buyers itbrary. The London rubber prices Wert not received. - United Press,
The above prices are subject 270% to confirmation,
International jlarventer
International Nickel
International Paper
ரே
International Tel & Tel
Jolu-Manville Co.
Kennecott Copper
20436
Lockheed Acraft
Lodws Incorp.
Spot
Lone Biar Cement Co.
Мду
Minnesota Mining
July
Montgomery Ward
Oclober
National Cash Registor “A”
December
National Distiller
March
National Leat
MAY
New York Central
July
Otis Elevators
Pacific Gas & Electric
Pacino Western Oil Pan American Airways Faremount Pictures Philips Petroleum Plisburgh Plate Olum Radio Corporation Reo Motors
Republic Steel
Shell of Co.
Sinclair Oil S
ocony Vacuum Bouthern Hallway (Com)" Biradard Brands
Standard Oil of California Standard Oil of Indiana
Standard Oil of New Jeni
Blokley Van Comp
Bludebaker-Packard Corp.
Bwitt & Co.
Team 00.
Union Carbide
Union Pacile Ratiway
United Gos, Imp.
US. Glypeum
UB, Line Co
UB Rubber
United
paber Smilting
Warm Beta,
Woolwor
Bubject
LIVERPOOL
33.73
34.00
34.12
34.20
34.34 34.40
Futuro closings, Amerienn midding, in pence per lb. were
Da follows:
Mar/Apr.
May/June
July/Aug
Dot./Nov.
Dec/Jar
AMSTERDAM
203 buyers
New York Foreign| Exchange
Canada England-offlelal
in
NATURAL REACTION Activity has been restrained Produced by the Association on 'Change since the announce- mont of dividends; the shares
WRJ
Singapore
Stock Market
Lid..
Singapore, Mar. 10. of British Chambers of Com-rose up to the period of climax towing stock prices:
Brokers today quoted to fol- merce and published in London and the reaction was natural.
Opening by United Trade Press Ltd at
Brittm Durico Petroleum 50s, the Manual is especially
·J1# B This week, however, Investors Syndicate useful to overseas businessmeri, devided that
Consolidated Tviter shares Were Ordinary
મન વ reasonably low enough and Fraser
"and
NeaveLid.. BIMPLE LANGUAGE
Ordinary jante
$ 1.00 violds muffelently attractive to
Fraser and Neave
116 cum pret.
0.00 In clear, simple language it enable them to place new orders. New York, Mar. 17.
all the basic facts Thore- gives him
renewed buying Hongkong & Shanghai Bank Corporation (Colonial Re- $1.01-B/18 about
caused most British Industrial and Inquiry which
[micr} 2.T-0/10
practices,
finance counters to show some, Improve- Malayan Breweries commercial 2.60-2.70 2.75-15/10 and
and taxation, import and export ment on their recent low levels. tam Hotel.
Skinapore Cold Storage, 2.787
and private and The exceptions were the heavier | South British Insurance regulations, 270-18/10 commercial law that he would stocks which lost fractionally on Bratts Trading
Strafte Steamship normally need to know.
The week.
United Engineers United Press. And it does more. It
telle Tho chief interest War the reader where to go for in Hongkong Hotels and, land Weems rechers Information on subjects riot imics. But, utilities were also in
Petaling Th London Foreign specifically covered in dhye demand and Frame Lights, the book'e Böver eccions. Electrics and Telephones were "When in doubt," it advises, night at
higher
rates,
alightly
382
unoMciel 30-day futures po-day futures
31.48
3135
21.03
20.73
30.73
New Zealand South Africa Holland
Official values for spot cofions
were unreceived.
SAO PAULO
Fulires closings, in cruzeiros per kilo were as follows:
May
July
OCLOber
Debr
20,30
20,60
221.30
In the United States, the aver
2031
Exchange
Lotklon, Mar, 17,
New York Montreal Amsterdam
age price of 15/16 middling at i frusda for, clerignatod pet markets was stockholm
| 89.68° LUTR.* Sales at there: West, Marku
centres totalled 11,150 bales,~~- Zurich
Unkou ProRS,
Others were unchanged.
Prom
•
"coprult your. Chamber of Cons. \drfa!%@scalese, opening at}
edirect approach, it gives detalles and
Beclining to
loot Tin
Ordinary
By 3d 3.77 with div. -China Mail Special.
2o Exchange Rates
31
Business was "done"
Forthbed who bretes the elders of the afternook unancial,,, sucharige i
fnate about Chambers of Colic at merce not only a Great BH-al. The extent of their ride, onde fiet "Can to Lower
tuin, but throughout and Come however, oils beat bo aten in mariter hote
the local
monwealth and in many of aid comparison with the Bried indonesian rupiaki (per 100) United principal foreign countries fortnight ago when they were em News (per 100).
London ExpressTM Bervice.
walling at $30-$3014
Indo-China przetres (per 100),
Mar. 21 from Manila, for Mar. 22
Singapore,
Penang,
&
Rangoon, Chittagong Calcutta.
"LENEVERETT"
Arrives Sails
Mar, 25
from Singapore. Mar, 28 for Kobe & Yokohama,
(Accepting cargo for transhipment Kobe/Pulitz
Kobe/Okinawa)
and
EVERETT STAR LINE
Fast regular freight - refrigerator, servico Japan, Malayai Colombo, Bombay, Karachi audi Persian Gulf. (subject to inducement for direct call Korea)
"STAR ARCTURUS”
Arrives Balls! "STAR BETELGEUSE"
Mar, 20 from Singapore, Mar. 20 for. Kobe
Arrives Balla
Mar, 22 from Japan.
ين
Yokohamą,
Mar. 23 for Singapore, Port Swetten. ham Madras, Colombo, Bombay Karachi, Khor- ramshahr, Basrah, Kuwait & Bahrein.
(LIMITED PASSENGER ACCOMMODATION)
(Accepting cargo, for, transhipment -- Koke/Pukka (and'. Kobe/Okinawa);
EVERETT STIAMSHIP CORPORATION S/A {Incorporalia in the Republic of PanAMA with Limited Liability) Chinese Department: Telephone 28293. Queen's Building, Telephone 31206.
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