1956-02-17 — Page 9

TRADE

THE CHINA MAIL, FRIDAY, FEBRUARY 17, 1956.

and

'BLUE CHIPS'

NEW GAINS RECORDED

$5.48m TURNOVER IN HOLIDAY WEEK

By A Special Correspondent

new

The share market quickly jumped into its stride after the Chinese New Year holidays and, after a half-day of hesitancy, tacked gains to carry shares to the highest level of the year.

on

One share, HK Electric passed last year's peak price of $46.

The turnover was $5,180,000 in two and a half days" was $6.56 million. Yesterday's frading. Last week it

#

B

volume of $2,770,000 was the highest recorded this year.

thier the lead of Milue Chnge; hezked cul-and so it hil.

wide range of chores conejat has been revived agala thin More than 21,000 paarily unier hews aging presCHILE,

champet handa Two dovitind announceme

bar plea

between prices. antiret

They dord demand. Gre

www.

וי

SIBRO.

30 7 pts up our last

Cement an- The work noted an unchang it detribais | Tinus day's rate then plod 51, and tip spa lept wi keh Lart you the Company paid $4, Cha

180 cm two lester

gal better this

but busad ang ss100 werk and on a turnover of 6,000

COMMERCE

SECTION

SET THE PACE

* The Share Market At A Glance ★

HIK Bank

Humpliress IK Realty IK Trans Star Ferry

Yaumatis

Oh Lights (n)

1705

576

8.40

331

17.206 62

19.701 2.05

25

بود

NOT

1.60bxa

25.10

Up or

down

+$20 steady

-100

kong

TODAY'S

SHARE PRICES

Business done on the Hong- Stock Exchange this | troṛning amounted to approxim- ately $1,380,000. Noon quotations and the morning's transactions; SHANES BUYERS SELLERS KALES

BANKS

IIK Bank INSURANCES,"

Union

Lombard

5614

Underwriters 1.0 SHIFTING

1000 21000

1000

Jan 10

Jati 26 1750#

57

Feb 2

1750

Feb 0 1770

Feb 16 1800

Lombard

504

]

5646

Union

915

D95

9900

1005b

1810

Underwriters

9.40n

0.4011

9.401

9.20m:

9.106

Union Woui

240

24b

2414b

25.10b

25.10b

steady

Wherlock

8.40

. 8,05

8.00

8,83

--50

11K Wharf

68b

70

70148

710

"2

+$1

HK Dock

3234

336

33%

3381

+250

Provident

15.10b

16.20

15.20b

1505

15%

stendy

HR Hotels HK Land

17.30

17.40

18.10

18

--100

6234

63

04

04

steady

20%

10.700

19.75m

steady

1.075

1.97511

1.025

+310

24.30

24.40

25.50

+400

135

1331

1400

143

144

+$1

100

103b

106

100

108

+$2

22.30

$2.30

22.70

22.70

steady

16.70

16,40

18.00

18.10

18.80

+400

4211

4314

43"

4414

46

+500

Waterbeat

26.20

DOCKS, ETC.

33

331

33%

34

3414

K. Whart..

303

361

37A,

30

18.90

18.70

18,40

18.60

39% 18

+50€

вос

Dock

13.30

13.10

12.60

12.75m

1rovident

Jane Crawford

354.

3411b

35140

3512

301

Vangisze

6.65

6.05b

6.800

6.90b

7

Allied

5.431

5.50b

5.60b

5.50

5.00H

+100 steady

Wheelock.

K&F Inv

11.00

11.50

11.50

11.40h

--100

Texile Corp

SAD

5,00

5.60%

5.50

--100

Nanyang

7.90%

7.80%

7.80n

7.600

7.75b

+150

LAND. ETC.

HK Hotel

.. 17.70 17.10

IK land

(New). 01 Humphreys

1400145

(New)

Realty UTILITIES

It

1011 1.55 1.6216

TAK

20

1000 614 GO

10

Ch Lights ins Fireltic

HR Telephot G.I. Cement Dairy Farm

A.S. Watson

12.70

209+

int me tats de ce le stad NY COTTON New York Stocks

Luchts

10 to $25.50. (5,000 haps) ars, bet Meany at $22.70, look

at en pon,aah bermpsizligged on the day trien à migh

HAN

$23

Tateplenes

Tok out the fast sale tu 50 cents

succoste for m jerne bed year. The fribution afone will grow lay! tak u 5.6 at Bon of their wes peated a million prodit,

yea's divi nd arealet $24

Thurssiny's closion

Loth ferey companies soli nt $144

hel 1. St beur. Yaluati

Vis prelay abane - told að $89%; shea, tipe 52 on the week.

51 mente

higher on the week,

FUTURES SHOW GAIN

New York, Feb. 16. Cotton futures today see- 21 moderate sawed

over

08. Yesterday, 1,100 range but managed to

Lehane kange.L Sa mưch tur Pan Cyment con- | prāve,

isakater sheet | pany unal then

Le revealed.

Electric Issue

The other company to

hand at this

Dairy Marin flopped rather | Toully sterday and on a turn-

anore than 4,000 shar

show a gain.

At the close the list ruled olt I to us 21 punts. Opening

prices were off 5 to up point

New Orleans closed off 3 to up 12 points.

The

in

fell from a peak of $18% lu low of $17.90 before recovering an-sightly to at $18, down dividend (anel it

All 30 Conty on the work, Issue) was Hongkong Electrie. share is out of favour in the Its mul dividend goes up by k at the montent with five cents from $1.55 to $1.60. interim of 70 cents

With

paid,

laat Sepicinber, the total

"nee"

is $2.30 for the year, or cent: better than last year's,

adyetər ritintis perpansible for the decline.

Wharf Shares Firm

Cotton ahnres show little a new uc of 1,500,000 shares change and in the investment

The company is also making

In the proportion of thres tone group, Yangtsze are fractionally benus and two at par of $10.) | Denter at 57. for seven,

Traders opented cautiously

of face fara legislation uncertaintiva and evening-up is the March delivery before first notice day on Thursday.

Diminished activity in textile

markets, plus a heavier rate of repossessions out of the govern- ment Loan stocks and hedge- selling acted to handicap new market interest, traders felt.

NEW YORK Prices of futures closed today as follows;

They sipped back 10 cents to $18,

Whart

ord Tullowing their flutter tast Thury.

Land -hares have not been this

and Wrek

mere sath>-

Spot Mar.

May

July

Oct.

Dec.

Mar.

May

This will rainy sued capital spectacular from $35 million to $50 million. Hotel seem much The new capital, $10 million of expected will come Which it from the public, incederi for development work, I under-

and dock shares are stand

July Reping hem with IK Wharf will be recalled that in and IIK Dock both showing Provident Augurt hist year, the company res on the week. amouneed it bail awarded the lat sini is

is steady contract for the construction of Wheelock are inetionally

at on a ver of almost 7,000 its new generating station Marth Pairit to English Electric. tar

shares, They opened at $89.90, The value of the initial contract but was $29 millum,

Dividend Hope

More

than 15,000 Electric shares changed hards during the varying between

day at prices

Back

Into

Narrow Pattern

narrow,

New York, Feb. 16. Stocks slipped back into a irregular price pattern and quiet trading today after yesterday's sharp run-up on the optimistic Eisenhower medical report.

(Old)

72 73 100

2007

33% 13. 250 339%

1000 10 29 30

18,29,35.40 1500 kr 1841⁄2

500 15 40 500 13:30 6.75 0.83 0200 W D1S

2030

30545 400 12 6335

200 pr 63

Tram Star Ferry .. -142 145 Vinti Ferry 105 100 100 6

23.60 300 g 25.40

200 1540 14 108

Light (0) 23, 22.70 600 221 C. Light (N) 8.60 18.80 2000 6 10 63

4030. 18 2000 6 IN CH 000 43

Electric...

Macao Electric

34 4909

(014) ..... 1.00 (New)

W Telephone ..33 33

INDUSTRIALS

Cemem

Long Bell Lumber, strong in recent sessions in reflection of merger possibilities with International Paper climbed another STORES. ETC. 21 points to $56.

In oils. Continental added 15% | Family Finance Corp. to $98% and high-priced Superforeneral Electric

General Mulora Oil of California rose

10 to Gikkten Co. $1,000, but Standard, NJ, fell a point to $151.

Chrysler fell back to $724

the

motors, and General Motors dipped to $437%.

חו

33.500 35.73-74

35.100

73.03

32.12

31.01

31,40

·

31.14

30.06

Nails Wore moving.

NEW ORLEANS

Prices of futures closed today

as follows;

T

Shot

35.20

Mar.

35.73

May

33.1μ

Jas

24

brick five sipped during the

trading day's

cents

Oci

32.03

LO

Dec.

71.03

Mar.

21.47

elige Ave cents Thursday's rate,

below Just

Aus

31.44

July

30.0%

Banks Higher

$45 and $464, Market opinion is long Lank that they're hardly worth the latter price, but the former

more a attractive.

Is

LIVERPOOL

Future closings, in pence per

1b. were as follows:

May/June July/Aug.

Both "Gilts" are up. Hong-Old contract Mar/Apr.

climbed $25 10 More than 210 shores $1000,

hands yesterday af changed disclose that tween $1790 and $1800. Union The company "when the shares are issued at $1010 is $5 better on the

the dividend will is expected be approximately $1.80 a share a year, provided there are no Auctuations int the price fuel."

of

At $45 their ex all price wh

SAO PAULO Future closings, in cruzeiros prices per kilo were as follows:

werk.

rubber Singapore closed easier on the week and simre prices were down slightly in sympathy.

turned

Chinese New Year week

be $32.40. 11 the company pays $1.80 next year the snares will more

March

MAY

July

October

December

Very narrow

pared

Ingersoll-tand

Rope

Dairy

200 of 441) 250 44.75 250 45.73

300

$4,4

1000 41.73

2004 44

500 43.78

2010

14

500

44%

1000 332, 140034

500 33

39.75

30 391 2300

15.10

2400 30 1000 20

500 301.

17.50 13 2007 10 COTTONS

Text!ita ... 5.20 3.55 1000 340 Nanyang

700

MISCELLANEOUS

Entertain

24.20 1000 5 21

100% 10

432%

71MELL

Vibro

Gocurten b. F.) Co. Goodyear Tire Hraden Chemical

771

BE

Homstake Mining Co.

BO

Intt Duxiness Machines Int Harvester International Nickel

357

WORLD

3724

International Paper Int'l Tel & Tel

110%

RUBBER

Jelin-Manville Ca.

B61

Kansta C. Power & Ligh

40%

Keunecott Copper

1227

Leekheed Aircraft

4744

Laws Incorp.

7215

441%

1102

30

en

Lone Star Cement Co. Lowenstein & Sons,

The casiness apparent in the list today was a continuation of profit-taking which yesterday's sharp curly gains, There still is considerable wari- ness in, financial quanters amison Development commentatory generally look [or continued

Mesa Irun Camp.

Minnesota Mining

Montgomery Ward

Irregular and Motorola ine.

highly selective activity in the

market.

National Cash Reg. "A" National Lenit

New York Central

Oil Mathieson

ORS Elevator

Owen-Illinois Class

33

7

which

prevented

London Stocks Late

Rally

After Bank

Rate Announcement

London, Feb. 16.

A boost in the government bank rate to 51⁄2 per cent took its toll on the London Stock Ex- change today, but rallying tendencies later pulled many sections above the day's lows.

British

stocks government opened easier. War Loan 3

11

| Jed on the downside, skidding to all-time low. Then, after annetulcement of, the govern- ment's anti-Inflation move, de- mand quickly increased in the closing minutes, and a number finished on the of the "gilis" plus side by as much as

Industrials Dull

London Foreign

Exchange

New York Montreal Amsterdamı Brunseta Copenhagen Prankturi

Sunburs

Miles

Industrials were dull 0770 generally easier in relatively

Rolls-Royce lost Paris

Boruxe kholin shillings.

Zurich

quiet trading. about four

Consolidated

dividend news.

gained on good Othera

Oly left selling, and Royal

Dutch slidded Roout

Others lost around two shili-

inde

Press.

Were

London, Feb. 18.

*30015-2.00 1/10 22.0014-2.000/18

10.0134-10.02 130.45-1.30.4736 18.334-19.3345 11.715-11.72 80.25-810.39 1753-17034

· 20,00%-20.00% 1021-103

14.5215-14.52% 12.232-12.2014

mchanged....United

A mild rally brought a New York Foreign

few issues above, their lows near

the close.

Foreign bonds,cased in quiet truding.

'

Gold shares drifted after a firm opening, and coppers movett lower,

Dollars stocks finished losses ranging to about United Press,

Exchange

New York, Feb. 10.

$100 1/10 2009/10 90-day futures.. 276 81/32

Cannda England oitiela' with | Australia £1-

New Zealand South Africa

224 3.20% 2.00 18/10 United Pres.

P&O B.I. E&A

COMPANIES

PENINSULAR & ORIENTAL S.N. CO.

PASSENGER/FREIGHT SERVICE

Outwards "CANTON" "CARTHAGE"

"CHUBAN" "CORFU"

caves London

Salled

20th February

15th Merch

27th March

Dae Hongkong

6th March

2nd April 131) Apri

20th Apri

Via Southampton. Port Bald. Aden, Bombay, Colombo, Petang Bingapors

Leaves Hongkong Dus London

Homewarda "GANTON",

9th March

0th April.

7th May

27th May

4th Junn

MARKETS

Singapore, Feb. 16.

The rubber market opened oi better towe

further liquidation.

There was

some factory demand and the 45% market steadied throughout the

day. Futures:

40 No. 1 rubber per lb. Mar. 19014-1069%

Apr. 18574-106 312

May unquoted No. 2 per la rubber Mar. 101-109

GIRS NO.

Snat rubber unboled T 18772-10716 Blanket erepe

No. 1 pale crepe

LONDON

. The rubber market was steady with spot quoted at 31% per lb. Prices:

No. 1 Res spot

"CARTHAGE” 0th Apell *"CHUSAN” 20th Aurli

"CONFU"

4th May

Via Singapore, renang, Colombo, Hombay, Aden,

Fort Said a London

* Ako Calla Marsellies.

་

FREIGHT SERVICE

loads 27th Feb. for S'pore.

Bwetten- ham, Fenang. Aden. liort Bald. Genoa, London, Hamburg, Rot- terdain & Antwerp-

di Mar. from UK, safix th Mar. for Javan

With liberty to call at Belawan before or after Biraits Poria and at Hombay it inducement ofert. Tanks available for carriage of Oil lu Bulk. Space for refrigerated cargo. Limited Passenger accommodation

201

+

103-104 101-102

0534-11734

110-120

20.20

Closing Prices

+

Paciße Gan & Elec

24.20

Preille Western Oli

No. 4

42

New contract May/June

30.20

Alden Ine. Acy,

Pan American Airways

5 21

July/Aug.

24.60

Allied Chemicals

Paramount Pletares

137

1074

Parke Davis Co.

43

Oct/Nov.

21.00

Allied Mlils Inc.

3416

Peun, Salt Co..

40€

Dec/Jan.

26.25

Allis Chalmers

GA

Pittsburgh Plate Glass

Asnertean Airline

231%

Badlo Corporation

American Metal

30

Republie Steel

42

American Smelting

40%

Reynok Melal

49

American Tel & Tel

1823

Shell OH Co..

31%-3174

21.30 American Tob, "F

777

Saint Reg. Paper

41, Settlement House term:

30.40

Anaconda Copper

02

Sinclair

March

BU

30.00

Arneo. Steel

HALE

Socony Veczem

GIEN

April

31-31

32.3+

AnHour

100

South Porto Meo Bugur

April/June

304-301

33.19

Baltimore & Oto

-#3

Southern National Gay

31

July/September

20-2013

the

Benguet Cons

2

Southern Railway (Com)

1012

October/December

201

Bethlehem Steel

34735

Sinndard Brands ...

General markets, eit baale, ports:

Boeing Airplane

711

Standard Oll et Call

February

EOP

Standard Off of Ind.

51

March

2012-3012

Burroughs Add Machine

30

Standine Ol of NJ.

152

April

30-30

Canadian Pacific it

Sterling Drug Co.

52

Entate crepe thin and thick unquoted.

Khuôn từ, b) Lu

10

Stokely-Van_"Camp,

REE

AMSTERDAM

472% Swift & Co.

1212

Техак С.

1201

Union Carbide

Union Pacifle alway

10

173

Business was done in the undficial exchange market morning at the following roles: U.S. dullar (per #1)

local

417M

Unlett Aircraft

671 kilogram, elf March as follows:

dhis

Consalidated Edison

4724 U.S. GYEZT

No. 1 liber

3.01 patu

Crane Co. ......

95%

U.S. Line Cn.

23

5.10

Crown Zoberbach

STA

1.S. Rubber

Sterling notes (per 41)

10,74

Cuban Amer. Sugar

U.S. Smelling

No. 2 rubber No. 3 rubber Si1⁄4 No. 1 crepe

Australian mulen (per £

123

Diamond Alkali

44

U.S. Steel

The

Indonesian rupiah (per 100)

16.70

Dupont de Nemours

Warner Bros.

Slim Heal (per 100)

125.00

771%

Singapore (Siraits)

1.32

$ 21%

Westinghouse Electric Woulstorth

were

472 Press.

In the United States, ut to be very much active than

everybody average price of 15/16 middling thought. Yc.ferday's bitat 14 designated spot markets be yielding about 5.5 per cent, fanover may be New Year was 35.43 cents. Sates totalled but if the distribution in, say, an $1.60, the only about five per cent.

the plek will market.

bonus money

this stage

At $40, the ex all price will

coming to the 34,233 bales.-United Press,

It is hard to say at the but

picture

be $33.10. On a $1.80 dividend, should be a litle clare: next

they will yield" cent,

about 54 per

week.

The expectation. Is that bullish but on $1.00 they will influences will continue.

yield about 4.8 per cent.

Reducing Reserve New York Sugar

Profils and dividend appro-

priations for the last couple of

years are interesting. Its 1953,

proli was $0.086 million

and

Market

New York Feb. 10. World No. 4 sugar futures

dividends absorbed $7,7 inflilou. Į closed today unchanged to 2

In 1854, prolt was $11.038 mil points higher with sales of 02

lion

and dividendis took uv

$7.815 million.

On a pay-out of $1.00 on million shares, dividends would absorb $0 million of the profit while a $1.00 dividend would take up $8 million,

For the

contracts

The domestic No. 6 sugar futures closed unchanged to 1

Exchange Rates

Doruen (The) C

C. I, T. Financial Corp. Chase Moplist. Bark

Chrysler, Molty *£6. Colate-Palmolive Commitrelal Credit Commonwealth Elte.

Easunan Kodak

Eric Railroad

434 Studebaker-Packard Carp,

10%

21721

13-2

The market was quiet, Prices closed today in muilders per

2.97 buyer 2.94 buyers 3.30_buyers New York quotations unavailable, - United

HONGKONG & MACAO LINE SHIPPING. POOL-Special Schedule.

point higher with sales of 121 SATURDAY, 18th Feb, 1800 contracts.

The Improved undertone. Brats. 5. "TAKSHING” apparent last weekt, continued

for seven bonus to broaden tocny in line with

the company will take $5 the drmer ruling of the raw m.v. “TAI · LOY"

Lic million reserves million.

ironi the general

market,

now standing at $13 Evening up in the domestle

This means that the Heneral reserve figure will go Back to the 105% level of $ million,

This is about all that can be about iedries uni) the sald balance sheet is sued hd the meeting takes place. But the feeing in Ice House Street-or that part of it that I frequent. anyway

that these

thares are hardly worth buying of anything over $45.

Light Again

I mld last week that the China Light poculation hud

For Saturday, 18th & Sunday, 19th Feb., 1956.

MACAO

DEPART

2.00 p.m. 12.00 Midnight

2.30 ..

BENTH HONGKONG

Yuen On Wharf | 24737/37009

OFFICE ADDRESS

20, Des Votur. Rd. C.

7. Ice House BR

8, Queen's Rd, W.

HONGKONG DEPART

8.00 a.m.

Tal Yip Whart

TELEPHONE-

25900/20548

7.00 p.m.

2,00 a.m.

Tak Keo Wharf

38091/20719 -

3.00 a.m. 7.30 p.m.

2.00 p.m. 69,30 a.m. (Sunday)

SUNDAY, 19th Feb., 1950

Contract No. 4 (world)

1.20

3.10

s. s. "TAKSHING”

6,80 p.m.

12.00 Midnight

Tai Yip Wharf

23806/20545 *

Voeux 20, Dra

RJ. C.

R2%

1.20

m.v. "TAI LOY"

2.00 0.0.

7,30 p.m.

3.29

Bôi Em. (Honday)

2.30 p.mt. 00.30 a.m. (Monday).

Apat+(conte Der b. fol

3.24

Contract No.

5. s. "FATSHAN”

2.00 p.m.

8,30 p.m.

Tak Kee Wharf 36001/20710

Yuen On Wharf 24737/37909

3.00 a.m. (Monday)

March

6.30

May

0.42

July

Sept. Nov.

1.04

5.60

Spot-Cenis per 30, of NY

ex-duty)

5.40

alted Press,

Murch contract before the poal-s. s. "FATSHAN” tion expires tomorrow provided another trading feature, Patures.

March May July Sept. Oct. Marchi

Cubal

7. Ice House `St.

#Queen's Rd. W.

N.. All vessels resume normal schedule from Mondays, 20th, Pelig insa.

MH. Beltish Pumpórt hotders zangles vien of thule 'pakkposta "Mỹ" alie Portugume Conttu'in Bongkong Ter shtry” fata Mazno, unibes they had been residents in Hwaşkang forʼmore than two months. All alles pensangere requien similar viss of their pearports for entry inla Masao.

"SURAT"

"SHILLONG" doe

BRITISH INDIA S.N. CO., LTD.

1850-A HUNDRED YEARS OF SERVICE –1030

"ORMARA"

"BANGOLA”

sails 17th Feb.

$2

for Singapore, Penang. Rangoon, Calcutta Chittagong

sails 28th Feb. for Japan

P. GO./B. I. JOINT SERVICE

"ORNA"

"'ORDIA"

dur 22nd Feb. from Bombay & Karachi nails 23rd Feb, for Jupan due Bath Feb, trom Karacht Be 130-

falls 26th Feb.

* "ORDIA"

Rally 20th Mar.

bary

for Japan

for Singapore, Colombo. DOMBAY, Karachi, Bas

& rah. Khorramakatir Kuwait

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

"NELLORE"

"NANKIN"

1410

4th Mar. from Japan salla 6th Mar. for Sandakan, NABAUL,

Brisbane, Sydney, Mel bourne & Adelaide

duo, 17th Mar. from Australia

Balls 18th Mar, for Japan

All vessels have liberty to call at any poría on De

off the route & the route & smiling are subject

1 to change or amendment with or without notice.

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