1955-09-23 — Page 9

THE CHINA MAIL, FRIDAY, SEPTEMBER 28, 1955.

TRADE and COMMERCE SECTION

A VERY DULL SHARE MARKET

Prices Sag In Almost Lifeless Conditions

FEW CONSOLATIONS SEEN

By A Special Correspondent

Dull, dull, dull: that's the Hongkong Stock Exchange this week. Turnover $4,330,000-was the second lowest this year and in these sub- dued, almost

prices conditions, share

inevitably drifted downwards.

lifeless

The week closed with the following tally: six shares were steady, The ten were lower and four were higher than last week's closing rates. consolation is that losses on the whole are fractional, and the market undertone remains quietly steady.

For the optimist who is looking for a silver lining to this gloomy picture, the market brightened slightly yesterday afternoon under the impetus of increased buying pressure and three shares recorded small rises.

money you receive.

actual It is hard to say whether York may have had a depress-inst year's, in terms of this indicates a return of ing effect upon Investors.

There Is still no indication You'll remember that earlier. that the American delegation at this year the company made a Geneva la prepared to begin bonus issue of one for every That meant if you hold discussions on what are general-two.

1004

Home buying interest, Some banks report that in the last fortnight there has been a marked increase in demandi for

money firunco trade deals and Nations have decided to exclude brokers believe this may Communist Chire at least unit! have diverted funds interest from Ice Street this week.

y regarded as the basle issues 100 then you got 50 extra. On dividing the two countries, 100 shares last year you got $3 to while in New York the United free of tax on each share or $300. This year you get $375 on your 150 shares, or $75 more.

and

House

But it is impossible to draw conclusions from these Even if trade reports yet.

next year.

The two features of the week were Yaumatis and Docks.

Docks rose shurply on talk of a land sale and closed strong at $20, 50 cents up on the wock.

Yaumatis Fall

But investors apparently felt the company should have paid $3 again. Frankly I think they're hard to please.

Granlod,

the company is re- ported to be doing well this year and is expecting higher profita, bul they've also got a new which hos to building

forry be paid for.

Besides they

★The Week's Movements

Banks Unio IK Whart Wheclocks Providents

HK Dock Hotel

Landi Yaumati

72xb

TODAY'S SHARE PRICES

(From Our Correspondent)

OTL

Business

the Hongkong Stock Exchange this, morning umounted to $1,030,000, Ngon morning's quotations and the Licalings:

BDARES DUYERS SELLERS BALES

BANKS

1

JK Bank .. 1720 1730 5 1723 INSURANCES

1000

Page

P&O B.I. E&A

COMPANIES

PENINSULAR & ORIENTAL S.N. co.

PASSENGER/FREIGHT SERVICE

Cutwards "CANTON"

"CARTHAGE"

"CHUSAN"

"CORFU"

Leaves Londati Dua Hongkong Majtud

In Port

+4

17th October

J9th September

20th Oalober

14th November

11th October

Via Southempten, Port Sald, Aden, Bombay, Colombo, Panang a Singapore

Leaves Hongkong Dan London'

flamowards

"CANTON"*

23rd September

24th October

"CARTHAGE" 21st October "CHIUSAN" "CORFU"

21st November,

2nd, November

29th November.

At A Glance ★

Share

Sept 8

$1720

Sept 15 #1745

Sept 22

$1730

Up or down -$15

1015

1005

1000s

-63

76

73xb

10,80

10

8.85

10.30

16.30

10.10

28.20

2814

29

+500

18,70

18.00

18.80

100

24

04 x all steady

119

117

110

-$1

Union

SHIPPING

HK Tram Lights (0)

2436

1

24.60

2614

-100

2314

23.60

23.60

steady

DOCKS

(n)

* 18.10

18.00

18.40

K. What xb

--200

1

Dook

....... 29 20

4234

4314

48

Provident

34

344

3412

200

35

2014

874

Wheelock ... 7.00 9.00 9.30

23.30

23

22.90

+100

1000 à 9.85 3000

"SURAT"

8.20

8.10b

6.10

steady

5,80

0.80b

8.950

steady

2000 68 935

4000 be

5.85

5.90s

5,90%

steady

2000 of

18.70

18.00

19,00b

steady

500 2,85

LAND, ETC.

HK Hotel .. 18.30 Hil

Land

10 1000 $ 18.00

500 € 10.90

Electrio Telephone Cement D. Farm Yangtaze Allled Textiles Humphreys

b-buyer, s-seller, eb-ex bonus.

Tanker Boom

Helps

U.K. Shippers

London, Sept. 22.

Faced with competition from the air and from

I think foreign lines that are often State subsidised, the it under the circumstances share-leaders of the British shipping industry seem

holders have done quite well.

does improve in the next Yaumatis, on the other hand, to $116 on disappoint- few months, there should be sagged

with the dividend an- enough money in the Colony ment

have plans for The interim an- nouncement. to finance both stock ex-nounced

per developing existing services and in yesterday's paper

replicing old craft. The last was $8. change investment and now was $2.50,

shareholder, To the new import/export business.

represents a tall of 50 cents, but then the share price is also lost: lower by $50-70 since the

share- old dividend. To the holder who received a $3 pay- House Street this week, out last year and who got the events in Geneva and at the beneft of the bonus issue, this United Nations meeting in New Interim is really higher

Depressing Effect Apart from the possible diversion of funds from Ice

ས

than

New York Stock

Market

New York, Sept. 22.

Stocks gave an irregular performance today

Cements' RiseTM

doubtful of their prospects in the dry cargo and passenger trades.

Waterbost 23.10

7445 כז

.... 8415 051 600

Humphreys

Healty RUDDER

(New)

2012 19.00

Am Rubber.

Truris UTILITIES

Tram

100

400

200 05

230 2.35 0,000 «? 2.335

2.30 2.325 2000 up 2.30

12000 J

10000 23

3.33

100 @ 3.30

31.10 21.40

00 24.40

100 43 244

1000 6

500

500 ut 24.50

1000

Star Ferry

You Ferry 110 118

140

100

C. Light (0) 23.00 23.80

500

150

1000

2:00

Electric

C. Light (N) 10.40 18.50 3000 ... 422 43 3308 Масто Eleg. 11.00 12 000 Telephone 3435*3431⁄2 1000 Gṛ 3431 INDUSTRIALS

10th November 19th December

Via Singapore, Penang. Colombo, Bombay, Aden, Port Said a London *Also calls at binita.

FREIGHT SERVICE

loads 20th, Sept.

|

for S'pore, P. Swollen- ham, Penang, Colombo, Aden, Port Held, Benga Marallies, Havre, Lon don. Antwerp, Rotter dar & Hamburg

from UK, via Straila for Japan.

.

"'SHILLONG” duo 1st Oct.

Walls 2nd Oct.

With liberty to call ut Delawan before or alter Straits Porte and at Bombay if inducement offers Tanks available for carriage of Ol in Bulk. Space for refrigerated cargo. Limitest Passenger accommodation

BRITISH INDIA' S.N. CO., LTD.

All Oct. "SIRDHANA” den

saits Bih Oct.

"SANGOLA" due 5th Oct.

salls 8th Oct.

"FULTALA"

dye 7th Oct. all Bill Oct.

from Japan

for Singapore, Ponang Itangoon & Calcula from. Calcutta, Penang

Yokohama,

& Straits for

Moji,

Nagoya & Kobe

from Japan

for Singapore, Rangoon

& Chittagong

P. & 0./B, I. JOINT SERVICE

"ORDIA"

"OZARDA"

dus 24th Sept. from Karachi & Bombay

salts 25 Supt. for Japan

dne 1st Oct.

alle Zrid Det.

Ciment.... 3715 3 500

1000

1000

500

"OBNA"

1000

500

dine Bih Oct. saits 9th Oct.

500 27.09

14.40 14.80

5.75 5.00

8 8.12 2050 g 0,19

(5.95

Dalry Watson

Textiles MISCELLAN Yangtze Allied

good Cements made another

They have decided, however, that there is! rise this week sut closed 75 going to be a greatly increased demand for oil co

The only tankers. cents up at $37. other shares to rise--apart from the rubber section were Tele-

The

tonnege world tanker phones which added 23 cents to

than trebled since $344, and Wharves which rose has more $1 to $73. Lands at $041⁄2 ex oll 1939 and quite recently there

roughly steady on the week. seemed to be too much of it. Although Singapore rubber prices were down from

The long post-war boom in

Arc

on the

152

These companies carry much of their oil in their own Bwn tankers and Individually the largest tanker fleets in the world.

But they also hire a great Straits cents lb to 11914, tunkers was thought to be over; deal of independent

อ

tonnage Amalgamateds and Trusts both Many were laid up and freight and the Manager of the Bhell

higher

week, rates fell to levels that were tanker

flect has recently said ibly due to Amalgamated's | profitable only for the larger that more independent tankers fani dividend of 15 cents. The and most modern vessels.

would be welcome. inal bringe the total to

now Opinion has

a rate that means

for the year against Even

str. Closing prices: Amul

last

with a few wide moves either way and the generalgamated $2.30. p .025 on the list about unchanged on balance.

was

John-Manville Co. Kansas C. Power & Light

Trading

slightly more, Int'l Te & Te active, totalling 2,550,000 shares compared with 2,460,000 yester day:

The market opened firin, then gradually sipped back.

Industrials finished the day off 0.02 on average; there were 447 higher, 440 jower, out of 1,156 issues traded today.

| Lockheed Aircraft

Loows incUTD

Lone Star Cement Co

Mission Development

Montgomery Ward

National Cash Reg. "A" National Distillers

National Load

New York Central

Ol Mathieson

Oils Elevators

the

week, and Trusts, $3.325 up seven and a half cents on week.

London Stock Exchange

London, Sept. 22.

changed.

World oil consumption is ex- tion in liners is clear, panding at doubling every ten years and are at this rate there will in a few years' time be a grave shortage of tackers.

A number of leading com- to this panies have now come conclusion.

Shell's Plans

Is

The Shell Oil Company expected to announce a big new

Stocks were steady, und tanker building. programme

frac-shortly and an interesting now

The

Paride Gas & Elec.

Pacific Western Oil

Pan American Airways

13

most sections closed

49

tionally higher on

the Lon-

7715

1031

Metals were among the fea

coppers stocks off tures with sharply and aluminium's higher)

on news that Western Electric

Paramount Pictures Parks Davis Co. Penn. Salt Co.

Philips Petroleum Radio Corporation

Co. is planning a programme to teo Motors, substitute aluminium for copper Repubile Steel

Reynolds Metal

in telephone cable because of shell Oll Co.

prices and

1116

shortages.

Standerd Brands

development the P. & O Com- pany has announced plans don Stock Exchange today. build and operate tankers,

to

at an un-

AMERICAN

COTTON MARKETS

The contrast with the post-

In the one case many nations attempting to maintalu their own fleets

New York, Sept. 22. economic size with the aid of to rally, only to run

The cotton market today tried

into ro in tho subsidies.

newed liquidation and hedge established interests are asking selling, with the 1950 deliveries for outside help in mecting a being pushed to seasonal lows. demand that is expected to be too large for, their

re- own sources.-China Mail Special.

other, the

RUBBER MARKETS

Singapore, Sept. 22.

The market was uncertain at Industrials showed strength, This is a now venture for the 5315 and selective buying sent ImP & D. The company is one of the opening but stopdied later perial Chemicals, Ford Motors the foremost iner companies in on trade and speculative buying. good demand for and Unilever up one shilling the world, having at present here was or more,

some 60 passenger ships totall lower grades. Futures: ing 7,300,000 tons and 287 dry No. 1 rubber per 1b. Oct. 1496-14044 cargo ships totalling 4,000,000

287

$3

recurring Socony Vacuum

02

Southern Railway (Com.)

074

301.

Standara il of Cal.

Store sharag

13012

also tacker on gains, with Great Universal Stores adding sixpence

1811

Magma Copper felt one point; Miami, Copper Range, Anaconda and Kennecott more than two

Standard Oil of Ind Standard Ol of N.3. Stenting Drug Co.

points each while Inspiration Stokely-Van Camp Copper fell almost 2 points.

Studebuitor-Packard Corp. Chrysler was one of the best Swift & Co.

Texas Ch. performers today.

It began

Union Carbide strongly and closed 1% points Union Pacifle Radiway

United Aircraft higher.

U.S. Gypeum Aircrafts generally we lower, us. Line Co. Republie fell 2% points on dis-8. Tubber appointment with the dividend UB. Smelting

UB. Steel announcment. Dlls were irroW. Warner Bros.

Westinghouse Electric Now York Stock Exchango Woolworth

volumo bond

was $4,470,000. American Stock Exchange volume

was 730,000 shares.

Closing Prices

Alden Inc. Acy, Allied Chemicals Allis Chalmers American Airline American Motal American Tob. "3"

Anaconda Copper

Armoo Stocl

2414

1159

243

pence to 68/9.

Closing just above the day's bottom levels the list was off 8 The market to 19 points net. opened off to 17 points. Now Orleans closed off 10 to 18 points.

Heavier producer entrics under the loan programme act- ed to cushion the decline.

Trading volume and open interest in the Exchange today

were:

Month

October...

December... March May July Nov. 149(4-1403 | October Dec. unggeled December

March

1416-442 Total

143-140

and tone. But it has not hitherto had No 2 mabber per Ib. Oct. 14-146

No, a No. 4 | Marks and Spencers up nine-any tankers,

Spot rubber unbaled ".. The P&O Board have tle. Blanket crepe Despite limited demand, gielded to spend £37 million on No. 1 pale crepe.

show new tankers by the next five edged issues managed to

years. 8246 | gains averaging 2/0.

This decision may be taken

Oil

shares were strong, but as a sign both of the dublous weakened slightly towards the profitability of lince operations close. British Petroleum chalked

the good prospects for

and of

up a 1/6 gain and Burmah closed | tankers. Bidi 1/41⁄2 higher. Shell Transport United Pre climbed one shilling to 130,

Foreign bonds were dull, Lastics closed lower. Gold shares were alrong at times,

New York Sugar German

Market

New York, Sept. 22.

from Japan

for Singapoia, Colombo, Karachi, Basrah, Khor- ramahehr & Kuwait from Karachi & Bombay for Japan

EASTERN & AUSTRALIAN S.S. CO., LTD.

"NELLORE"

due 3rd Oct. from Australia loads 4th Det. for Japan -"ARAFURA" to15;0th Oct, for Sandakan, Brisbane,

Sydney, Melbourne Adelaide

All vessels have liberly to call at any ports on or off the route & the route & malling are subject to change or amendment with or without notice.

For full particulars apply to:- MACKINNON, MACKENZIE & CO. OF HONG KONG LTD, Telephone Nos. 27721-4.

MESSAGERIES MARITIMES

PO Box 53 Queen's Building

FAST PASSENGER/FREIGHT. SERVICE

"VIETNAM”. "CAMBODGE" "LAOS"

Tel: 26651

Balling Oct. 8th sailing Nov. 5th

salling Dec, 3rd.

FAST FREIGHT SERVICE

"MEINAM" "PEIHO"

1,800

volume open interest

25,800 147,708

$700

14,300

700.000

$42,100

D,000 457,200

5.100

200,200

4,200 128,000

3:00

200

$322200

101,500 3,045,700

United Pre

NEW YORK

New York, Sept. 22.

Prices, of cotton futures closed

1943-5519

118 34015-1001% United Proj.

today as follows:-

Spot

October

March.

Blay

'July

October December

·December

NEW YORK New York, Sept: 22. Rubber futures today closed to 30 points 5 points lower

con- higher with sales of 280 tracts.

March The market was stondier re- flecting higher Landon cables, plus the increased August con- the As regards liner operations, sumption and covering In the P&O are

Favourable

overall higher

Jap. Competition

known to have December del created

are

World No. 4 sugar futures London Foreign extremely large and pobably

closed today unchanged to one point higher with sales of 91

isk | contracts.

60

Armour

1B1%

Baldwin-Lima-1am.

13t

Ballimore & Ohio ..........

Berutix Aviation Corp.

Benguet Conn.

1%

Bethlehern Steel

103

Bosing Airplane Canodion Poole B.

Chase Manhst. Hank Chrysler Martsyym Colgate-Palmolive Co. Comunerolol Credit Commonwealth. Carsolitarbed Delaco Coam Products Cone 06.

Cuben Amer. Bubar

Curite Wright

Beti Kodak

Generat tairie

General Foods

General – Motors

·Gilleste Balety Razor Glidden O

Goodrich (B. 3) Ca.

Goodyear Tyre

Heyden Chumm col

Flomstake Mine Co. Enuresmoli-Fand

International. Nickel

Domcally No. 4 sugar futures closed unchanged to one point lower with sales of eight con- tracts.

21.60x3

32.30-60

53.83

32-73-75

3244

31.00

31.80

NEW ORLEANS,

New Orleans, Sept. 22. Prices of cotton futures closed today as follows:---

Sput October December March

Mary among some observers

соп total, however, : "was

bodause of the higher propor

of synthetic use. tion of

but turker was light,United been hard hit by the revival of Press,

competition -from

Japanese by the shipping lines on the Por Eastern routes.

Bancial resources, Their

In the focal spot market the adequate to cover any losses this

altuation remained dull with competition may be causing. factorics booking on or buying

But the P & Board must also have regard to the short-on an "as needed basis, dosiers London, Sept. 22.

their parted., Spot: No. 1 Ras were profitability 27094-2.78,11/18 || term

quoted at 49% 'cents a pound, 7.79-6/26-2,7691, business, particularly since

of their shareholders Futures: banded togelhor a fpw months *5 contest the board's polley

Exchange

New York

Montreal Although quotably unchanged, Amsterdam

Erumela dealers detected a firmer under-

Frankfurt tono in the market for world Lisbon

lab Oslo

Domcatle refiners held to the Paris sidelince, reflecting a bellet Stockholm there may be

quota increase. | Zurich They pointed out sugar distribu- tion is running about 200,000 tone ahead of

Futuros:

COMIYA NG '(world)

October

March

July

Leptember

lost your.

Spot--Coenta per 1b, fob Cuba)

DERY

10.813-10.81%.

130.26-130.33

30,00-80.06.

37.4434-17.4513 30.3011⁄2-10.3943

*United · Prem

number

w

of

The complaint of these share- holders was that the very large In amount of money employed the P&O business" was, not yielding an adequato

return

"that"

It is likely. therefore,

board welcomed the oppor

New York Foreign the

Exchange

**New Yocke!!

· September

Pember

47.30-₤3

March May July

40.78

48.40

21.00

SABO

December

$1.00

“United Proms.

LONDON

London, Sept. 22,

"The'rubber market was very andy with spot quoted at 48% pónne: por la Pri tunity offering in contere, am a marLATANTE

high profit that, would

| means 0770s time.

નનનન

July October December

March

31,80

United Praet.

Other Cotton

Markets

LIVERPOOL

Liverpool, Sept. 22. Coftar future America middling, in

́por lb. wire as follows: -

DEL/NOV,

Dep/en. MedAbr.

May/June

July/Au

penco

SPERT

...éailing Sept. 25th .. Balling Oct. 17th

HONG KONG-MACAU LINE

M.V. TAI LOY

¡AIR-CONDITIONED

DAILY SAILING

DEPARTURE HONG KONG MACAU

TIME

3.00 P.M.

3.00 A.M.

For Freight & Passage, please call: Tal. 26719 & 38091.

TAK KËE SHIPPING & TRADING CO. LTD. *FU HOUSE, HONG KONG.........

THE "POST" TYPHOON MAP

Exchange Rates and TYPHOON TABLE

Mounted: $5.00 Unmounted $4.00

ance and time-distance for typhoons likely to

alving Bearing distance

affect Hong Kong. A desful adjunct to the "Post" Typhoon Map,

$2.00 Mounte

越

Obtainable from

SOUTH CHINA MORNING

HONGKONG a KOWLOON