1955-12-09 — Page 9

THE CHINA MAIL, FRIDAY, DECEMBER 9, 1955.

TRADE and

COMMERCE

SECTION

A BETTER WEEK FOR SHARES London Stocks New York Sugar

Docks Rise $2 On Reports

BALANCE SHEETS REVIEWED

★ The Share Market

Share

At A Glance ★

Up or down

steady

150

Of Hunghom

Land Sale

Nov 17 Nov 24

Dec 1

NK Bank Unions

1455

915xd

1065 915

2005

Dec 8

1080

+$20

015

915m

HK Wharf

#T

07

72

710

Wheelocks

8.80

8.85

8.30xd

—ཐ་

5.15

I'rovidents

14.50

14.80

14.40

IK Docks

28.80

24.50

27.80

27.80

29.70

Hotel

Land

16.800

steady -+-$1.90

17.40

17.10

17.30

6015

main

23.20

$2.01

22.60

22.80

-50e

--300

101. 21

103

102

102

22.20 22.20

(n)

15.80

16.00 10.40

3811

30

3011

38

1-200

31

3211

3144

32

+250

34

MA

33

34

18%

18.50

7

1834

18.30

+250 -200

6.800

猛な

~300

By A Special Correspondent

even keel this week and the The share market kept on an feature was the spirited rise in Hongkong Docks on reports that the sale of the company's land at Hunghom had at last been completed.

one

About 23,000 shares changed bands during the week and at stage they were $2 above last Thursday's rates. They closed yesterday $1.90 up on a turnover of almost 14,000 shares, almost half the day's total volume of business.

Brokers report that there has been a slightly firmer undertone this week and better sentiment resulted in a slight increase in business-up from $2.6 million last week to $3.4 million.

at

The tally of 17 regularly The. I understand, is largely į Taty Cut the marke! Fratel sares how that Cemit

interest in the Japanese loans. news this week. The trend tenda

To suprise as far as 1 was br

pinions concerned -- and I hear it caused stoled here last week that dull- simpelse to sharehollers as well

riskely to continue until -was the increase in the bank after the new year.

were steady, seven were higher n six lower than the previous week

Company reports got a mixed reception Bus week The China overdrafts Light balance shiver Wits well | 168 000 Tex recelvrd

Brabsence

shent

{sceuroa) $12.882.208.

The

Meagre Titbits

Bul hole

credit

go much

lower

Tue

Tram Yaumati Lights (0)

Eltetrio Telephone C'ements Dairy Farm Yougtsze

+20€

sieady

21.40xd steady 18mxd +10%

New York Stocks Break Through

New York, Dec. 8.

Stocks, for the first time in the 11 weeks since

|N.Y. COTTON FUTURES

IN RALLY

Firm But Quiet

London, Dec. 8. Stocks were mainly firm

and quiet on tho London

were shares

of

Market

New York, Dec, World No. 4 sugar closed today

futures

1 point higher with sales of four contracts,

Domestic No. 4 sugar closed unchanged to 2 points lower with sales of B7 contracts.

Both markets ruled quiet

Contract No, & (world)

March

Exchange today.

Featuring loading Industrial companies with trade Interest operating

on both sides pending develop with dividend action due short-

ments in the raw situation. ly. These were notably Borax,

Futures: Rolls-Royce, and Electric and Musical Industries. Elsewhere hopes

of a settle- May ment of Berlin's

prewar foreign | July debts helped selected German September

Opot-cents per 1. tub Issues spurt to higher ground. Cuba)

Ofis inished fem following esti-a good earning report of the Royal Dutch-Shell group.

New York, Dec. 8. Cotton futures today staged u smart rally when the government crop mate showed an unexpected reduction,

oyal down

March May

Sept.

3.16n

3.170

5.17

113

Contract No. 8

$30

543

6.30

United Prost

Government SOCKS drifted July

fractionally. Glit-edge spot-cents per ib, cit NY- issues met with life activity. @x-duty) New crop months led the re-

Cupper were dull bu, somo covery with the list finishing 1 showed risca of around ♪ point lower to 22 points higher. shilling on the new advance of Opening prices were 15 poins the metal. Gold shares were up to 13 points down. New lower.

Oricans closed unchanged.

New York Foreign

Canada

Exchange

New York. Dec, 0.

AL midday Stewart and was a feature of the Lloyds The indlented December

Industrial group following 2 production of 14,663,000 botes dividend and earning announce- came 160,000 bales under the previous eslimate. Most traders ment, but It closed below the England unificial had expected Increases

best. Dollars stocks were mixed. Holland of up-Unfted Press. wards of 500,000 bales.

In a a spurt of covering after the report, new crop dellverlea scored gains of better than a $1

bale.

Covering by local traders, and commission houses

for found offering milted ume, but later hedge solling and realising kept the demand sup- plied at the higher level. duction was of minor influence

Stats clans thought the further! President Eisenhower's illness, broke through to-

day into new all-time high ground.

restrictions and Heaven forbid it, prices are unlikely to worrying problem to brokers at the mont nry market advance with the exist

an was the reported rots n boy this overdraft is pos- News of the Docks land sole; publy to be found in the next the Wheelocks.

-lumni where, for example, in- contained one or prior vents in assland and other (which I shall deal with

companies at est are up from toleroj 31 318,490 10 $5,750,925 Čan in- Nanyang vidend was a sharp disappoint-crease of about $4.4 million) and, under current assets, the To begin with China Light: | amounts du from subsidiary Pront this year was 50,487,228 sumpanies are up from $883,405 (against $0,238,202 Last year) Added to this was a carry for

ment.

ward

from

Fast

year

to 2,879,106 (un

increase

about $2 million), amounts due

שון

un (an

aso dated companies $2.067.030 (1208,837 making

385.201 to $5.823.383 arren of about $57 million) tok:] of $11,554 267 ($18,467 039) Dividends absorbed $9,240,000 and supping loans (Hongkong) from $1.344.287 to $4,879 453 ieving $2,314,267

nhout $3.5

($8,400,000)

Bar

to be vangi fund to next ton

Total enpital, wallet your evoutim,

and reserves are slated to be Aiso $73,700,800 against $83,001,407 Salance

ان

you Touk at The sherla Dł two of

Just year. Total fixed assets are Wheclock's associated companies 561,459,900 against 560,893,303 vou will see in the Yangtaxe 1:st year.

Fuance shrut Ilubilities to Wheelock Marden [F 33.108 million, and in Texülle Corpora- tions, Babilities of $2.100 million.

The Japanese shipping

down slightly are $38,573,079 to $37,872.038, This In the business account (agustin may emise some surprise

Significant Feature

Ore algnificant feature of the prost and loss account was the to the Iransfer of $9,500,000 earnings retained and reinvested

$0.400.0

0.000

Jost

year)

fron

income of $21,826,255 ($1? 915 451 This pregunt

Joans from

to those who do not know that Although there have been encouraging returns from Japan.

resent Apancil

stands at $10.500.000 which the diese have taken place in the Chairman, Mr A. Raymond says.

year. Mr G. E.

report next Friday.

The

Marden

is for "large-scale plans for Chairman, development together with they shed some light on this in

hia

company's Krowing normal commitments.“

An accompanying chart shows

17% 1

per tant incréere in generatiinij

that this year there was a

Hopes Disvelled

ang restrictions and,

will extent

to what

increase?

case

liberal

Industrial shares, sparked by leaders such as Bethlehem Steel and Du Pont, negotiated the side barrier in their average.

fer enn The

therefore,

The Industrials elosed 1.45 to Interest

487.80, compared with the pre- the 487.75 in slightly vio

high of Chinese banks with

erry1 fucilities session before Sept. 23 when the may provide some of the capital President's heart atlat & touched but there is ittle inelluation off one of the sharpest market

break In history. among Investors at present feed the bulls and bears of lee House

Street with anything more than meagre titbits. And the daily turnovers testify that It is pretty unappetising stuff.

TODAY'S SHARE PRICES

to

(From Our Correspondent)

Business done on the Hong- kong Stock Exchange this mating amounted to $410,000, Noun quatalions Rock the morning's transactions;

Itails and utilities went along with gains of 0.06 came in their averages.

Afteratis sparked a late pust: un the industriala with gains ranging to almost 5 points in North American, nearly 3 in Chance Vought and Lockheed.

There were gains of nearly 2 points each in Bethlehem and Crucible in the steels.

Stock Split

Nothern Pacific featured ratis when it responded to a two-for- one stock spite and dividend.

with

Liggett Meyers Tots. Co Lockheed Aircraft Loews Incorp...... Lone Star Cement Co. Louisville à Nashville H. Lowenstein & Bona, Mesabi Iron Corp. Minnesota Mining Mission Development Monsanto Chemical Co. Montgomery Ward Motorola Inc. National Cash Reg National Dairy Prod. National Distillers National Lead

National Steel Corp. New York Central Oun Mathieson Otis Elevaton Owen-Illinois Glass Pacifio Gas & Bloc. Pacific Western Oll Pau American Airways Paramount Pictures Parka Davis Co. Penny J. C. Co, xd. Penn. Salt Co. Philip Morris

Philips Potroleum Procter & Gamble Co, Pittburgh Plate Ginna Publicker Industries

Honolulu stood out in the oils Pure Oll

a cise of nearly 2. International

Business Machines gained 5 points.

to

Hedio Corporation Republic Steel Reynolds Metal Shell 01 Co. Saint Ro

Paper Benguet, appearing on long sineinir strings uf blocks ranging to Borony Vacuum 50,000 stores, rolled up un im- South Porto Rico Sugar pressive total of 307,800 shares Southern National G.s SHARES BUYERS HELLERS SALES traded. It added point to a Standard Brands

Southern Railway (Com)

new high at $1%.

Standard Od of Cal. Volume B 1000

session Standard Ol of the

of 104 10 amounted to 2.870,000 shares.

Sterling Drug Co. On

total 1,180 issues Stokely Van Coinp. DIO 20 30 913 truded, there wer 521 higher, Studebaker-Packard Corp.

Swin & Co Texas Cu

point

that

DANKS

MK Bank

1600 1000

But I tank the

shareholders (14 pr lest year) and 188 per meat; concerns increase in the number of new particularly those who had been consumers (73 pe last year),ocking for a possible interim To meet the growing demand dividend for the 1955-50 year both by domestic and industrial is that the company has to pay

(004 now factories

back more

consumerA

INSUHANCES

Union

Anacao U than $12 million to

were es neeted with the Ching the bank (though it Light & Power system

during now), the year, the company is add- priority

50 000

kileWatts

generating capacity.

This

over

ان

ila

ל

everything 10 its And in Ice House Street

feeling is that there is now lo 10 A new building

bettle chance

Interim. erected by the HK. Engineering though, of course, it docs & Construction Co Ltd near the mean that there is no chance of higher distribution in some old power station. In addition, a

form at the end of the year

the company is to undertake a

not

reclamation project which will providing the overdraft Is paid provide it with sufficient fond off or at least substantially re-

"Io seme years to come".

thuerd.

Ju-

I graphs and diagrNUTS dicating the number of units

sold generated and

and

LAND. ETC. HX [fotel HK Land Hezity

RUBBER ___A_______Rubber 150 1,00 USALITIES

300 lower.

Wire:

30 Induriciais

for

The

re-

now in view of the giant-sized Despite the surplus in sight.

caused November decline,

by Texas sections, Wad

in

up-front out this year's crop is

007!

19

723 8012

45 104

cont.

re-

still at about seven рет cent larger than last year in free of an acreage tulbuck of 14 per

The next price-shaping fre- tors, some traders thought, may 31% develop with

the grower ferendum next week on acreage 11% reduction

for proposals

next year, and the government an- nouncement on the interim loan rate for the new crop.

Evening up

December moved quietly. Lending spot interests were scale-up rellers.

4740

442

2014

腿

7191

45

ما

Open contracts In December at start of trading today totalled 134,000 bales

Volumes and open interests

401% Dec.

100 Mar.

Others were unchanged.

$1.00 3/32 2.02-1.64 2018

Ünited Press.

P&O B.I. E&A

COMPANIES

PENINSULAR & ORIENTAL S.N. CO.

PASSENGER/FREICHT SERVICE

Outwarde "CANTON" "CARTBAGE" "CRUSAN" "CORFU

Larves London

Sailed

16th December

4th January

Dus Hongkong 12th December

9th January 14th January

6th February

Vis Seulhampton, Pert Baid. Aden, Bombay, Colombo, Penang Bingapara

Homeward

"CANTON"

"CARTHAGE”

**CHUSAN” "CORFU"

Lesvos Kongkong Dus London

10th December

13th January

30th January

10th February

16th January

15th February

27th February

12th March

Via Singapors, Pening, Colombo, Bombay, Aden,

Port Gald & Londen

Also Calla Marseilles.

"SOMALI"

FREIGHT SERVICE

dhe 13th Dec. sa 15th Dec. "SINGAPORE" Que 2nd Jan. saila 4th Jan.

loads 4th Jan.

0011

781%

the

1914

420

were:

1716

3014 Month

Volummo

B1,800

Open Interest

138,200

to mo

40 May

14,900

July

0,900

623%

13100

100 Dac

0,000

179,200

02 Mar

4400

44.100

DIL

May

100

10.800

381

Total

73,700 1.719,200 balen

"SOMALI"

5015

NEW YORK

G

as follows:

0712

Spre

201

Dec.

Зато

Mar.

May

1923/

Jutr

Oci,

24924

Dec.

Mar.

IA

May

בנאו!

KEEN

Comm. future price index..

U.S. Line Co.

US. Rubber

US Smelting

407.80 US. Steel

160.00

Warner Bros

63.90 Westinghouse Electric

173.95 West Va. Pulp & Paper

98.49 Woolworth

United Press.

WORLD

Prices of futures closed today

NEW ORLEANS

33.30

34.41-42

32.67

Future closings, in pence per (lb. were an follows:

Old_contract Dec/Jan.

from UK

for Jopan from UK. Lor Jepeti

for S'pore, P. Swollen- bam, PIDADE. Aden. Pori Sald, Ornon, Mar- wellles. Havre London. Antwerp, Rotterdam & Hamburg

With liberty to cail at Delawap defere az after Straits Ports and at Bombay if inducement offers.

Tanks available for entrlage of Oil in Bulk. Space for refrigerated cargo. Limited Passenger accommodation

BRITISH INDIA S.N. CO., LTD.

Chitt

(UT Singapore, tagong Rangoon for Singapore. Penang Be Calcutta

from Colgutta, Rangoon & Straks

for Japan

P. & O./B. I. JOINT SERVICE

"URLANA"

"OBRA"

28,03

"ITAURA"

“UELANA"

dua Olli Dec. from Bombay

xal 9th Dec. for Japan

bonds isth Dec.

for S'pore, BOMBAY, Karachi Baresh, Khar- ramabahr & Kuwait dus 24th Dec. from Bombay Kalla 20th Dec. for Japan

be 10ss

hus

else.

cisc.

DOCKS, ETC.

Duck..... 29.00 2900 100

Ja 2500

30

29,70

the

Provident

W6.0-X

..

14.40

New York Stock Exchange boud volume was $4,150,000. v 20,50 American Stock

Exchange volume was 900.000 shares.

Dow-Jones closing averages U.S. Gypan

Tide Water Ass. Ou Twenty Century Fox Fina Union Carbide

Prices of futures closed today as follows:

Union Pacific Railway

United Aircraft

Spot

31.00

Deo.

34.45

Mar.

"BANGOLA”

May

34.03

0.20

B73

July

21.13-80

"FULTALA”

"SIRDHANA” mall 10th Dec.

due 17th Deg.

kalle jüth Dec.

alls 10th Dec.

ast.

30.03

!

.. 17.20 17.30 52 345

20 rails***

1936

Drc

29.40

18 utilities

Mer

29 63

63 stocks

May

20.45

1,00 1000 2 LOTY

40 bonds

4814

LIVERPOOL.

Comm. spot price index .. Moody's index

100.87

407.10

TT...

2320 23.30 400 0; 24.3

2800 21.20 3000 22.30

Closing Prices

Star Ferry

Alden Inc. Aey.

€231% FUCKS

terry

C. "Light (0)

34

Allis Chalmers

American Airdne

32 3231

100 # 399

160 g 32

Ain. Mach. r dry

American Cyanamide Co.

5003015

The Nanyang interim of cents came as rather

a

30 un-

34341%

Tho

sey ite

dividend policy is

as generous as it might be, considering the steady rise

not but To

WDS that Į STORES, ETC.

WITTY... 18.30 18.00 300 @ 10,59 | baiowin-Lima-Harm. would pay 40 cents the they

Watson ... 1840 wali same as last year--and

shares

COTTONS fell sharply from $8.40 to a low

Textie closed slightly

Naying XD 705 7.95 MISCELLANEOUS

So much for Wheelocks for the time being. hope I will the be able to make a reference to number of consumers, and the Chalman's speech in these meters in service how a steady columns noxi week, but as the risc: this is altogether an excel-meeting is on Friday lent balance sheet. It is in and as I generally write addition mest attractively sct out making it a joy to read,

One of the

Best

1 like Lights as a solid "blue

morning

this report on Thursday night, it

will, I om afraid, be a very sketchy reference,

leasant surprise to many. chip" investment. Some brokers general expectation

and the possibilities

of

Elsewhere price changes have been small although, contrary to London movements, Hong-

showed slight improvement.

130 200

.....21.40 21

© Light (N) 10.70 10 5014 2014

Extent it...

Telephone

INDUSTRIALS

Lattias

Aucu XD..

0.35

000 45 21.4)

10000 11.40

kong Banka local registerLondon Foreign

of $8. They their dividend in the last few better at $8.10 buyers but with years capital appreciation in share no sellers, prepared to go below values, China Lights are one of $0.26. the best utilities on the market. Now Wheelocks: should preface my remarks by saying that the annunt meeting next Friday should shed some light on operations in the first eight months of this Binancial year which is, I am told by many, one of the best years, if not the very beat year in the company's ing this work though most New York history.

closed below their best levels. Montresi It is important to stress that Telophones yesterday were part- Amerdam

Brussels because think

wore cularly active with almost 4,000 Copenhagen looking for excellent resulla in chenging hands at prices from Frankfurt tho accounts: just published $32 to $32.

many

WIL not

Utilities Better

Utilities made a bettor show-

Exchange

Netherland which were for the year to In the wharvos section, I con- West Indies March 31, 1985.

tinuo to hear good reports af Parla

Btockholm Apa 1984–1955

a Chias Providente--one of

my Zurich particularly spectacular ・ year,

contacts to

told me they are doing dela Judging by the Agures A fantastically Well"

Thay indicated last wes there has closed steady on the work at been little change in prost. I $14.50. Hongkong Wharves, after

itp

from 48,707,120 to rising from $67 to $72 last your was $3.132,780. Dividenda ing and bonus falce up $8

in

London, Dog. 8.

2.8056-24.00L. 2.80-2.30 1/1-

1002-10.83

Aitled Chemicain Allied Mills Inc.

American Metal

American Smelting American Tel a tel

American Tob. "B"

Anaconda Copper Armco tel Armout

Baltimore & Ohio

Bendix Aviation Corp.

Benguet Cʊna.

Bothlehem Steel

Boxing Airplane

Borden (The) Co.

Burrough Add Machine

Canadian Pacle R

Caso (J. L) Co.

c. 1. T. Financial Corp.

Cat. Tradior

Celanese Corp. Chose Mashat Hank' Chrysler Motors Colgate-Palmolive Co. Commercial Credit Commcnwealth Elec. Consolidated Edison Continental Sterl Com Products Crano Co. LLÀ Crown Zallerbach

Catban Amer. Bugar

159.70-139.73% Curtis Weight

16.3114-10.333

Dimorood Alkali

11.7216 +31,74% ; Dupons de Nemour 1759-175012

Eastman Kodak

Paso National Cas

Erta Railroad

Family: Finance Corp.

| General Electric

| Ganara) · Fooda

20.00% 20.01% daneral Meton

Gen. Pub. Jtti.

| Gillette Bafuky

Glidden Co.

Goodrich (E

closed with sellers offer Exchange Rates Co

$8,720,868. Carry forward last weg 73: sing been... a lit

million

moro

| Høyden Chu

Ekainoms was done in the 'Sposi Joigrehari leaving a balance of $5,839,118 activity in rubber shares which unotchang market ible 2041 to be carried forward.

have hardened in sympathy, morning at the followina entON:

*7.8. doler (per (1) On the receipts wide, the item with the rise in the price of Biling note. (par akyureka marked “other." dividends and raw rubber In Singapore (up Australian nőtio dij0ICH XERTE interest shown Incresse from 1984 Straits centa a in to naveden rule afagher 300)

$980,770 to $4,367,390, 18215 Cala week).

from

Hamlet (some! _ 3.00}, Bibapore (fMRI).

Internationa

RUBBER

MARKETS

Singapore, Decc. 8.

Mar/Apr.

May/June July/Aug.

New contract May/June

July/Aug. Oct/Nov. Egyptian Kamak Jan/Feb.

SAO PAULO

Prices

wero

unavailable-

The rubber market improved holiday. In the United States,

on better oversens advices but the average price of 15/10 mid- eased Sater on profit-taking and dling cotton at 14 designated 15 good demand for lower grades spot marko's was not available, 1891 Future closings were:

Total sales in the these markets

47,395 perc

United

No. 1 rubber per ib.

December

January

February

13134-13214 Press. $3094-131 unquoted No. 3 rubber par lb. Deo, 126-137 No. 3 rubber ner Ib. Dec. 120-120 No rubber per lb. Dec. 110-120 24 Spot rubber unbaled

104

4016

Blanket crepe

93 No. 1 polo crepe

472%

LONDON

13176-13735

10-100 145-144

The rubber market was steady with spot quoted at 38.5/10

36 pence per lb. Prices:

130% Feb.

Mar

bales.

Singapore

Stock Market

Singapore, Dec. 9. Brokers today quoted the fol- |lowing stock prices

Opening

$1.70

43/33

15% No. 1 He spot ..........

****

· zajj, Bettlement house, term:

Kali Jan.

Byndicate

33-535

Ori

3816-3316

Batu Lintang Rubber' Co.

Lid. 386-3463 Borneo Patroleum 311-30

28-301

Consolidated Tin

Fraser '& Neeve Lid, Ord.

33-33

90.00

40| |2an./MAC

· Ape./June

2445|7619/Bapt.

29 General' goarkite, okt basis, portes

D00

Estate crepe, all unquoted.

AMSTERDAM

ha... market Prices" today clowed in

Hongkong & Shanghai

Banking Corp.

314-3056 | Hongkong Un Lad.

Kompas «LAD.

Luban Rubber Batates Milayan Brera New Burundah, Xul

Prisling rin kita

SIGNSDORS Boun

load 6th Jan. for S'pore. BOMBAY, Karaclit, ntrch, Khor- ramshahr & Kuwait

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

due 11th Dec. from Austraila · "EASTERN"

Ve salle 13th Dec. for Japan

due Eth Jan 'from Australia salie Bih Jath for Japan

"ABAFURA"

"EASTERN" -loads 6/713 Jan. for Sandakan, KABAUL, - Brkbane. Bydney, Mel-

bane & Adolside

All vessels have liberty to call at any ports on or of the route & the route & sailing are subject to change or amendment with or without notice.

Fur Full particulars apply to.- MACKINNON, MACKENZIE & CO. OF HONG KONG LTD. Telephone Nos. 27721-4.

MESSAGERIES MARITIMES

[P.O. Box 53 Queen's Building

FAST, PASSENGER/FREIGHT SERVICE

“VIETNAM”.

Sailing. Dec." ~; ZIM"

SERVICE

$5 N. Afrios/Kuropé

16th