1955-12-23 — Page 9

TRADE

THE CHINA MAIL, FRIDAY, DECEMBER 28, 1955.

and

COMMERCE

SECTION

SHARES AGAIN MOVE HIGHER Oil Exploration

Good Rises By Utilities

TURNOVER UP EIGHT LAKHS

By A Special Correspondent

Share prices continued

and rises of up to 41⁄2 per cent were recorded.

The Share Market

At A Glance ★

+-$1 -#-200

TODAY'S

SHARE PRICES

Busines done on the Hong- kong Stock Exchange this

morning amounted to $280,000. Noon quotations and the morn- ing' transactions:

Up or

Abarn

Dec 1

Dec 8 Dec 15

Deo 22 down

IIK Bank

1665

1080

1690

Untons

915

915m

9151

1735 930

+ $15

their recovery

this week

HK Wharf

72

718

10

Wheelocks

8.30xd

8.15

8.13

8.35

Providents

14.50

14.50

14.70

16.30

+000

UK Docks

27.80

29.70

29,30

£9.40

+100

over

$3

Hotel

17.10

17.30

17.40

17.00

+100

Land

00

59

G014

02

-+- $114

22.00

22.30

22.80

$3.00

-+-800

102

102

101

182

+ $1

Lights (0)

22.20

(m)

10.40

21.40xd 16mx4

21.70

22.80

+800

Electric

3914

30%

10 30

16.80

800

DANKS

HK Bank

1730

10 t 1740

$135

+$134

Telephone

31

32

3214

33

Cements

334/

34

341

30

brokers

+75c +-$114

INSURANCES

Union

932

Dairy Fartn Yangtze

1814

Lombard

18.30

100 vb 135 300 @ 63

1834

19.20

6.80n

0

0,356

6,601

- 250

SHIPPING

Waterbost

23:30

Turnover was up-$3.8 million this week against just million the previous week and $3.4 million the week before that.

The adjoining panel shows that all seventeen shares are marked up with Banks, Electrics, Cements, Providents, Dairy Farms, Trams, Lights and Telephones showing good gains.

WORLD RUBBER MARKETS

New York, Dee 22. Rubber futures touny closed

5 to 70 pouts higher with sides of 425 contracts

Higher trend

wtfceled

the

before the

netion at Prunay 1:01:

speculative covering

holic ya.

♫t

excttiges

Dealer

operation included

of May March at 340 points, July/May 100 points and Seyl/May 35 und 355 points. In March contra els 50 were exchanged foc physical rubber

Small Salee

the S301 market included the sheets three for Dee at 46 venta atze ambers for March 11 35 vent, a pound landet. Spot No. 1 Rss were quoter momin.fly 47 cents. Fulures:

March

May

July

September

December

SINGAPORE

41.70-75

42 15-20

40.20

2345

30.80

The market was steady with good demand for lower grades.

Futuros:

No.

Slight profit taking on the inhibiting laetor, Tuesday and some hesitancy on say. Wednesday caused a temporary setback.

And at the close prices were Tractionally below the week's highest levels, but the under- Itone with steady to firm.

The market's behnybour werk

to seema

So the prospects are that this recovery will be very gradual.

Youmaŭs took a downward plunge this week-from $105 to $102, though they are a dollar up the on the week-in the news that Justify the Departmental working party" optimism in certain Ice Hoe

I have 15 Street offices last week. beard reports that the money although, If position is easier

so, it does not appear to this have brought much new busi- ness to the share market.

Big Investors Wary

The present market trend is rely sumilar to that of last De- center. With more dividend to come this recovery can be pected to coatima carly into the

X-

1

making W

detalled examination of tw harbour tunnel project "us all ite nspects," Star Ferry shapes were not afferteri There was a sale yes- terday at $136 which is steady Inst Thursday's buyer's

On quote.

Banks Climb Higher

cannol

Tram

Youmat

WORLD COTTON

MARKETS

+700

NEW YORK

STOCK PRICES

was

Costs Big Money

London, Dec. 22. Nearly thirty different companies are today, `seeking to explore Guatemala for oil.

Any moment now, the companies granted permission by the government there will begin a search likely to cost up to £10 million before it ends.

com- forced their

Far the must promising aren, ¡ unexploved until the oll The Province of Peten on the pany's gevlogists

way in.

BHARES DUYERS SELLERS SALES country's northern flank, is also the most difficult to explore. It is barren even of roads.

DOCKS, ETC. K Whart Dock Provident

(Old)..... Wheelock LAND, ETC.

ILK Rimel

15

Rs.) Humphreys Realty RUDDER

A.

00 20.40 2015

Deeply Committed

Just

over the border from Peten, in British Honduras, on-

Rond bullding to the drilling sile was delayed time after time because the fornt peoples, pro- viding the labour, dreaded the poisonous snakes and dangerous animals.

500 29,40 crucial point. After a two-year met some

oil company is

15.40 10.00 1000

B.30

1714 17.00

nd 02

34%

10 c

1073 1.00

Rubber

The same company, apart from other oll search is nearing 111s setbacks in Costa Rica, has big disappointments quest, an

now this year in a South American 105 drilling a test bore-hole. It has country. Peru,

840 gone down more than 0.000 1. and 4 atrike would certainly encourage the seekers in nearby 1000245 Peten. 500 * 33

3000

#00 #: 02

Seven 'Dry Holes'

11

has drilled no less thon

Peru-ond also

Another oil company deeply committed In a third Central seven "dry hols" in the coastal 2 2.05 0000 4 203 | American country,

Despite that it has Costa Rica, aren there. 1030 1

could cortainly do with now taken out exploration per- UTILITIES

Team

23.00

seme encouragement too. It has mits covering a million hectares Star Ferry 186 138

drilled several "dry holes" there in castern Ya Ferry 101 100 150 on C. Uchi 101 2206 22.70 1000 23.0 this year, and is now about to trined zome of its conatal C. LIDH IN) 10,80

cessions. 13 1000 16.80 start on the toughest "wildcat" Electric

4114 42 Telephone

33 33% INDUSTRIALS

Cenient

The New York Stock New York, Dec. 22. futures

comment Cotton

today Exchange settled back irregularly not received in Hongkong after a buoyant start lifted this morning owing to poor the nearby months to new radio reception, The ferry companies

to be very happy highs since early August. be expected.

The following are yester STORES, FIC Profit-taking

technical about 1 News They have

(December und

hedge day's scattered your although it is difficult

asked for some definité indlea- predel By future course,

supplied

earlier available prices: tion of the Government's inten-selling

lextile Big Investors are still keeping | Tions

from Intere proceeding

coming with demand The market at arms' length. The development plans, but

exporter this hedge interests revrat credit restrictions are week's

against commitinents means covering FUNNERINECT Fient 1 there will be no answer to Korea. for at least two mere months.

JAW

Few Trends

On London Exchange

London, Dec. 22. Most sections closed firm the 12914-12941 in quiet_trading

rubber

per

It

120-12014 unquoted

January February March

No. 2 r. bber per il. dan.

No. 3bler per il In

No. rubber per iu Jun

Spot rubber unluled

Blanket rep

No i vate crepe

LONDON

123%-12442

on

reasons

In this event it 19 hard le closing (expret spectacular

011

pressure

נוס

Closing Prices

Allied Chemicals

the the

Allied Mills ne

Allis Chalmers

American Airline

Renewed nearby delivery fon ired

transact.om with the American Cranamide Co

American Metal ........ muvements market finishing up 7 to off 14

American Smelling by the ferry company shares.

points. Opening prices were American Tel. & Tei. up 3 to 11 polale. New Orleans Anierican Tob Banke, with scrlp more scârce

$45 to closed up 7 to off 9 points. than of late, climbed

Nearby March worked up to $1735. Union, another "git" moved up $15 to $930.

within striking distince of the 84 cent level in the forenoon, and wharves

docks setting a

new high since Aug. China Providenta pul 4 and

rise cumulative

In the section,

a

Anaconda Copper Armco Stoe?

Armour. Baldwin-Lima-Ham. Baltimore & Ohio Bendix Aviation Corp. Benguet Cons.

of Bethlehem Steel Boeing Airplane

up easily the best performance almost $5 D bale from last with a 60 cents jump to $15.30, | week's low, Yesterny there were no dealings

cents more.

Wharves and

Docks

London Stock Exchange smaller advances,

1243-125 today.

1174-1184

1274-12014

With trading held to less than 7,000 bшigninu few 99-101 1301-140% peared.

The market was very steady with spot quoted at 374 perce per ib. Prices:

No. 1 os mot

Seltoeni house terin.

Feb,

3715-37

Маг.

Apr./June

July/Sept.

Ort/Der

151-336 33-334 DEL-32

Jan. Feb

General mornets, clf basis, ports:

Estate crepe all unquoted.

AMSTERDAM

57-3736 50%-31

The market was easy. Prices elosed today #uilders per kilogram, eif Jan. as follows:

No. rubber

No. 2 rubber

No. 3 rubber

No 1 crepe

in

3.50 buyerI

357 buyer 3.43 buyera 3,73 buyers -United Press

New York Sugar!

Market

New York, Dec. 22.

trends up-

Selective buying helped blue chips show a few healthy gains. Woolworth, Assocmited Electric, and Imperial Chemicals moved

up, and on American buying support Brax

ahend about alx shillings,

noved

011 thores Found support, Royal Dutch closed about £4 on the plus side, and Shell made

Others gain.

managed shilling.

gains of about #

Foreign bonds were dull and virtually unchanged.

Copper shares remained quiet and a bit on the uncertain side, white gold shores Improved on new buying support.

made

Continued heavy producer with sellers holding out for 80 loan impoundings, and a feeling that entries will increase even more after the new year, shaped markot sentiment at the start.

The Commodity Credit Cor- poration reported loan entries for Utilities Popular

the week ended December 10 at 400,420 bales. The new stock of Following fast week's annual 1983 crop cotton in government amounted to 4,787,884 Wheelocks moved up hands meeting. 20 cents on the week to $8.36 bales.

The certificated stock declined with one or two big buyers in

to 10,044 the market. At one stage they 494 bales overnight

beles. were $8.45,

Volume and were:

Monia Dec

эреп

Interesi

Lands recorded a sharp riso 10 $03 on Monday (up from $60 Just Thursday) but eased back to $62 at the close. Hotels Mar moved to $17.80 but silpped May back 30 cents to $17.50 at the close.

Vuitton Epen interest

----

17.000

119,000

16,000

630.300

July

11,500

243,300

Oct.

6.400

180.300

Dec

3,000

34.200

Mar

2,000

49,200

Moy Total

700

13,200

bul Among the Utilities, all

TO Kaumatis were active and corded

Electrica good gains. moved up from $30% to $41.

on

50,000 1.380.300 bales

NEW YORK

Borden (The) Co. Broughs Add Machine Canadian Pacillo R.

al ca

C. T. Financial Corp. Chare Manabat, Bank Chrysler Motors

Colgate-Palmotive Co. Commercial Credii Commonwealth Elec.

Consolidated Extison Continental of DL Corn Products Crane Co.. Crew Zellerbach Cuban Amer. Sugar Curie Wright... Diamond Alkali

Dupont de Nemour

tus Kodak

El Paso National Gas

General Metric

General Foods

General Motors

Gulette Safety Razor

Glidden Co.

Goodrich (B.

Goodyear Tyre

J'¿6,

Heyden Chémical

Homstake Mining Co. Ingersoll-Rand

Interchemical Corp. Int'l Business Machines

Int'l Harvester

International Nickol International Paper

Inti Tel & Tel John-Manvilla Co.

their highest this week being

Prices of futures closed today Kansas C. Power & Light Tuesday. as follows: (up $2) to | Lights hit a top of $22.80 (up Spot

30 March $1.10) before edging down

Dollar socks scored advances; $414 ranging up 53 in adjusting higher Wall Street levels.

May

July

October

and December

British Government stocks i cents to close at $22.50, Trams were firm and closed with a few moved to $23.70 on Tuesday but fractional Rains-United Press.

10 cents

bower Telephones sold for two days at March

but could not hold this May

MARKET

HOLIDAYS

Christmas

World No. 4 sugar futures to 2 points closed unchanged higher with sales of 158 con-holidays: tracts.

Firmness In world contracts reflected the situation in raws, where large-scale purchases by foreign countries were reported Hungary was the accredited buyer of 20,000 tons of Cubans, while dealers awaited confirma- tion of reported sales of 50,000 tons to Ceylon.

Yesterday, a British

renner reportedly bought a bulk cargu of Cubans for Feb, shipment at 3.18 cents pound, while Françe bought 1,000, tone at 3.17. cents. Switzerland, was reported interested in 3,000 fons for June shipment.

A

cloved

$331⁄2

rise and closed at $33.

35.160

Lagett Meyers Tob. Co. Loews - IncoTO, KALAMAS Lone Star Cement Co. 33.90-94 LOLsville & Nashville R. Minnesota Mining Mission Development Mossanto Chemical Co. Montgomery Ward National Cash Reg. National Distillers

32,88

31.42

30.04

23.10

29.57

22.39

National Lead

NEW ORLEANS

Nallorand Steel Corp.

New York Central

Cements made a good show- Prices of futures closed

ing this week and at one stage as follows: were showing a $2 rise on the Spot week to $305. They closed at March

May $30, $1.50 better than last July Thursday's rate.

London, Dec. 22.

Dairy

70 Farms are

cents and Now Year better on the week while Wat

sons are 10 cents better at

FRIDAY, December 23: The Wednesday's sale price of $13.40, London commodity markets will close after the morning session, while the New York Commodity

including Exchange,

metals,

. Scrip Scarce

rubber and hides, will close by Although thoro has been little noon (Eastern Standard Time), change in the price of raw SATURDAY, December 24: rubber, shares have boon Singapore rubber market closed. marked up with little scrip MONDAY, December 20: All offering. Last Thursday's price world markets, except Indis, fer

rubber. Wha 31.28 Argentina, Brazil, Chile, Uruguay Stralis a 1b. Yesterday It was

$1.28. and Japan, are closed,

IRW

con-

TUESDAY, December 27: All United Kingdom markets, Win With a record rubber

pe grains, Toronto stocks, sumption, expected in America year.. shares should Italian bourses and Johannes-next burg

while the do reasonably well In 1050. are, closed, Montreal stock market, Sw Les

The position in America. Is bourses and American marketa

roughly this: high synthetic are opch,

unry 3: The production la bridging the gap MONDAY, January Cuban salca Mgainst Ita 1988

demand and overall world quota are estimated, in London, Baltic, Swiss bourses, between

Tot Y

now Johannesburg, American and short world upply

October December March

May

LIVERPOOL

ib. were as follows: Old contract

today in Mathieson

33.40 33.03

Oils Elevators

Pacific Gas & Mec, Pacilo Wenters on Fan American Airways

32.30-00 Paramount Pictures

Parko Davis Co.

Future closings, in pence per Shell Oil C

30 301

18.10 19.40 100

102

exploration yet.

ID

con.

Just this type of search gives The selected sie es in thean idea of the costs of all ex-

of midst

the Cocoles Jungle phration-as well as the patience belt, a territory s wild and needed. 100 meult to penetrate that it was Service.

13.40 13 00 200 o 13,40

9.79 3.00 7.70

1000 g 6.60

6.00

MISCÓLLANEOUS

Rope

Dalry

22)

Watson

COTTONS

Textiles

Nanyang

Yenglaze

Allied

$115%

0314

34

*

BOT RELAXES

301

SOME EXPORT CONTROLS

London, Dec. 22.

The Board of Trade has enɛde certain relaxations in export licensing control.

Lloences will not be required (except for export to China,

Vietnam North

and 004 Macao,

Tibet) for the export of vixious animal-feeding stuffs, including cod liver oil, dried yeast, bird Food and straw vitamin pre-

53

10

1004

separations--bone oll, raw cork. veneers of plain birch, veget- able fibres used in brushmaking, undressed bides and skins,

201

403

spccifled chemicals and certain fertilisers,

2311

401

for the export

Licences will not be required

to the British Eire and the United States of artifelat goods, refractory graphite 1916 woven nickel wire mesh and

certain chemicals-Reuter.

4025 Commonwealth,

54

SYNTHETIC RUBBER OUTPUT

New York. Dec. 22. Synthetic rubber production

in the US during November was lat all-time high for the second consecutive month, the Rubber Manufacturers Association

ported today,

During rubber

synthetic

One suction reached

101,249, long tons topping the

previous high of B

87,704 long ions, established in October,

New rubber consumption in the nation during the first 11 months of this year totalled tone, M figure 1,402,457 tong

a full never reached before

in the history of the Year rubber industry the association 100% said.

Rubber consumption in No- vember totalled 185,081 long tone falling slightly short of the record Agure of 138,781 śr

October of this year.-United Press

3152

90.03

Ponny J. c. co,

PO

20,85

Fenn Salt Co.

4914

2940

Philips Petroleum

29.40

$15

Pittsburgh Plato Glasa

Radio Corporation

4

Republic Slect

Reynolds Matal

Binclair Ol '......... ·

5

Sooony Vacuum

64

20.E

Bouthern Railway (Com)

Blandard Brands:

25,00

Standard Olf of Oal

23,00

21.90

Standard Oil of Ind.

50

Standard Oli of NJ.

27.05

Sterling Drug Co.

51

Stokoly Van "Carng.

27.00

Studebaker-Packard Corp.

24,35:0

Swil & Co.

Texas Co

30.06

Union Carbide

1174 1099

werd

Union Pacific Railway

Dec/Jan. Mar/Apr. May/June July/Aug, Now contract

May/June July/Aug. Oct/Nov. Egyptian_Karnak Jan/Tob. Other cotton markets unavailable-United Press. ·

HEAVY SELLING OF STERLING

London, Dec;, 235- Feature of the foreign" \\\=" exonse of 700,000 tons so for Canadian markets are closed. rubber Included part of the total The London Metal ExchangeBut various spokesman say change market today was the Included 200,000 tons recently will be open, u, China? Mail that although natural rubber heavy low of sterling. It

Special

Gouran brides are bound to suner to promptly knocked sterling down shme extent there is adequate by: 3/10 of a penny to 2.80 3/32 demand in absorb the natural whereupon the exchange" "quall- sation fund Intervened and listed production.

the rule beck. Closing rates were: New York

sold to a British ́reilner, mid- 200,000 tons to Rusila, Futures" | Hartgeza

Contract Noa" (wortaya k UK MOTOR OUTPUT

Gin, March

pat ib. Lob

RECORD

London

On the

tharket

United Aircraft

U.S. Gypsum

U.S. Ling Co.

UB. Rubber

U.S. Bmeli V8, steel Warner Bros. Westinghouse Electric Woolworth

Exchange Rates

thie

Brantness was done in the tool $1% unmetal exchange market 53%, morning at the following rates: $7,1 US. dollar (veg 81)

105%; Bierling notas (për' £1)

Austraßen notes (per (21) Indonesian rupiah 1 per 100) |5am Goat - (nee 100) Singapore (Btralia)

United Free

MESSAGERIES

POM

MARITIMES

VICK!

-

London

Exprcas

P&O B.I. E&A

COMPANIES

PENINSULAR & ORIENTAL S.N. Co.

PASSENGER/FREIGHT SERVICE

Outwards "CARTHAGE"

"CHUSAN"

"CORFU" "CANTON””

Leaves London Due Hongkong

Salled

6th January

6th Januery.

14th Janua

7th February

1st February 61h March

Via Southampton, Port Said. Aden, Bombay, Colombo,

Penang & Bingapore

Homewards "CARTBAGE”

**CHUSAN"

"OORFU"

"CANTON"

Leaves Hongkong Duo London

13th JanuATT

30th January

10th February

9th March

13th

February

27th February

12th March

6th April

Via Singapore, Penang, Colombo, Bombay, Aden,

Port Said & London

* Also Cails Marnollies.

"SOMALI"

FREICHT SERVICE

Fonds 5th

Jan. for Sporo, T. Swetter- Aden, ham. Penang. Part Sald. Genoa, Mar sellies, Havre, London, Hamburg, notinidam M Antwerp

"SINGAPORE" dur 5th Jan. from U.K!

anils 7th Jan. for Japan

With liberty 10 call at Belawno before or after Kiruits Ports and at Bombay if inducement offers. Tanks available for carriage of Ol in Bulk. Space for refrigerated cargo. Limited Passenger accommodation

BRITISH INDIA S.N. CO., LTD.

"SIRDHANA” salle 8th Jan. for Singapore, Pruang se

Caloutta "IVARORA” sails 10th Jan. 1er Singapore,

tagong & langdon'· from Calcutte, Mongoon & Straits

"SANTHIA" dus isth Jan.

ails 19th Jun, for Japan..

P. G. O./B. 1. JOINT SERVICE

dua 26th Dec. from Bombay

"ITAURA"

"OZARDA'

"URLANA"

"ITOLA"

Kails 27th Dec. for Japan

Chit-

due 20th Dec. from Bombay salis Jist Doc. for JepRIA loads 3rd Jen. for B'pore, DOMBAY, Karathi. Daerah, Khog- rasnahalir de Kuwait tor Singapore. · Madras, «DOMDAY,"Karachi, Bas- zah, Khorramshahr, Ba

loads 8th Jari.

Kuwait

leads anth Jan, for Singapore, Colombo, Karachi, Basrah, Khor-. rardsbob & Kuwait

·EASTERN & AUSTRALIAN 5.S. CO., LTD. "ARAPUHA” “Que Olz Ján. from Australia

mailman Jan.' for Japani "EASTERN"! Eisada 0/7th Jan.. for Bandakan, KABAU), „Brisbane," Byddar, -Mala

All vesiels have liberty to call at any ports on or off the route the route, & Kalling are bundeet to change of xizendment with or without notions

HALKUHNON. MACKENZIE 6 CO

O HONG KONG LID

No. 27721 4.