1956-03-09 — Page 9

TRADE

INVESTMENT DWINDLES ON THE MARKET

By A Special Correspondent

The share market continued on its unsteady course this week and on balance prices at the close were slightly lower.

THE CHINA MAIL, FRIDAY, MARCH 9, 1956.

and

COMMERCE

★ The Share Market At A Glance ★

RK Dock

Pravident HK Hotels

BK Land Humphreys BK Really HK Trami Star Ferry

9.30

2714b

300-

Feb 0

HK Dank

1775

Feb 10 1800

Feb 23 1750

Mar 1

1080xd

Lombard

Gob

604b

57

50

Mar 8 1685

56b

Up or down +$5

Union

-1005b

1010

080

0751

$90

Underwriters

9.20m

0.10b

9.101

0.101

Union Wboat

25.10b

25.100

201

206

+$15 +200 +$1.50

Wheelocke

0.00

8.85

8.753

8.00

8.50

...100

HK Wharf

7in

12

72

70b

72

3314

38*4

35

34%

+12

-250

18%

1512

14.75mm

14.10

14.25ris

-150

18.10

18

17.03

18.50

18.40

100

64

64

0244

0130

63

20%

10.75m

19.70

10.50%

18.30 xd

1,60bxa

1.625

1.525

1.45b

1.50m

++$1.50 +200 +60

26.10

25.50

26

24.00

23.00

700

143

144

145

190nxd

1300

steady

Yaumatis

100

108

104

103

100

+$1

Ch Lights to)

22.70

22.70

21.80

21.70

21.00

-100

Ch Lights in

18.40

18.80

19.10

18.00

18.75m

--150

Electric

44

48

43

31

30

750

34

32

32

32

39

394

384 In

34x0

33

sleady

250

16.80

18

17.40

17,40m

17.30

10c

A.S. Watson

12.75m

12.70

Lang Crawford

3844

Yangisze

0.901

son

7

12.00% 30n

12.80m

11.80

30n

354

7n

0.70b

the

Allied

6.50

6.555

6.25

5.35m

UK & FE Inv

11.50

11.40b

11.30m

11.20n

11.30

+ 100

Textile Corp

3.00% 7.00b

0,50

5.36

5.40

3.25b

***.15c

7.75b

7.7511

7.00

7.40b

There was a sharp fall in turnover from $6.04 to $3.56 million. Brokers report that the gold market has been drawing money away from Ice House Street again.

One man I know of sold $7 million yesterday.

worth of gold

I wouldn't like to say that was typleal of the daily transactions on the gold exchange, bul even

so it does Illustrate vividly what I mean when I say that it is a

more popular commodity than shares at

moment.

Certain

"

Institutionul buying, central district whe imminent. 011 the Klu

market

its report, I gather, Than

muy dwindled considerably in recent prematuro but rightly DI wecha and The beller is that

wrongly many people seem to be Minking the tunnel project with i the stoney has been diverted to

the diaposal of the military land to Government.

-

A

Brokers saki 1 his column Just week itust the fear เร Clives therese in the risks kowan

pressing the

extent

ley

הו/1.

e-

market to song

are also saying that last year's ortier by the Hongkong anet Stazhai Bank to some of its clients to reduce overdrafts

potent influence

لمراف

very

whi

art or rather were--big buyers in the moj ket

yester

One broker estimated day that his business had fallen roughly by tulf sinee the betght

of last year's boom in Fune rad July

So what with the attraction of gold and the fear of the Bank brokers are pretty pessimistic about the krmediate future and the outlook Is ctual

tare very uncertain.

ዩ።

A statement is clearly needed -14 this subject, and one rempted to add "early" but I'm told that the sickness of one of The leading committee members have delayed a decision. may

Under these circumstances it in unfaly to press the issue at the moment

Generi faland Cement,

Daley

RK Telephone

6.1. Cement

Dairy Farm

Nanyuus

NY COTTON

FUTURES

SEE-SAW

New York, Mar. 8. Cotton futures today see-

on

Farm and Lane Crawford all¦ sawed over a narrow range

how light losses on the work.

today

while traders await Watsons have slipped $1. AS

news of the vote

the They took a sharp dip on Mon-

from

versus $12.10 $11.70. Bexible

rigid sup- Fusibly second thoughts on the ports in Washington, pastured prvát emused the fall

that Uncertainties an Rubber prices have been up plus nervousness over and down They use

to 103 repereussion from the

menta new rents & lb on Tuesday

export Straits

lan kept traders from bat slipped buck by close it OR

Amalgamated turing too far either way. cents yesterday.

At the close the list ruled 4 Jowet to 17 points highet.

"u were up Opening prices

followed them up arul down but Stubber Trust have been rather

This is the market atmosphere quiet

at the manent. Any wonder

that most shares fal week wert lower

Of the 29 quated in the

adjoining panel, 15 were lower.

week

Jugher were Two were steady

Phones Dividend

There is n

much gossip to repasst either Although there

yesterday Teeling

W

Telephones were going to an nounce its increase of ten cents in their dividend Unst they paid $1.50 out of a profit of The anricprcement $3,012,899 is expected any day 1 stand.

3211-2-

TODAY'S SHARE PRICES

ISSUCA. possible Ģovem- dispostil

vel-

of polls. New Orleans closed elf to up 8 points

and

Volume

དྷནཾདྷབྦཾཝཱ;

Month

March

Max

Det Dec

OJEN

Interest

Voluise Open interest

B.200 42,000

34.000

400,0

(38,AQU

313,100

26.400

303,000

20,300

325,500

Ma

3,200 117,100

VERY

2,500

80.000

July

4.200

34,000

! Tota!

155.200

1,010,000 buler

(From Our Correspondant)!

Business ren in the Hang- kong Stork Exchange T mig painted tes

appro-i $290,000 Noon quota- dreidends and the morning's transace Labsorbing $257,148 and s

in

Union Waterboat Jusnounced Ximately

unchanged $1 80

LIVERPOOL

344

5.60

Anglo-Burmese

Tin Deal

сот-

Rangoon, Mar. 8. Negotiations were com- pleted today for an agree- ment between the govern- ment of Burma and the British-owned Consolidated Tin Mines of Burma, Ltd. to work jointly the pany's plants.

The Government will get cent share in the A 51 per Joint venturo. The company owns mines in the tin-rich Burma Brea DONE the south coast. Its installations in Burma are estimated to

bo

worth

£3,000,000. —- United Press.

CHRYSLER

RECALLS WORKERS

Detroit, Mar, 3. Chrysler Corporation will re- call 4.700 of its hourly workers increased next week to handle production schedules that be Fome effective March 14 at its

Future closings, in pence per Pymouth Division.

Oct/Nov.

IL

WITC As follows:

old contract

Mar/Apr

23 Du

May/June

2537

JAYFAIR

24 45

New contruct

May/June

TL 49

July/Aug.

27 00

2020

Dec/Jan,

20.05

Egyptian Karnak

"Mar/Apr.

51 35

20 1985

SAO PAULO Future closings, in per kiln were as follows:

cruzeiros

March

May

July

Oct.

Dec

for two bumus usge They make SHARES BUYERS SELFIES BALES $1.50

week to $274

buyers, but as these shares are very closely held there has not explement in the ten much

mikel over the anhtranvement.

soven μετ

„Mercantile Bank auntsuance #1 (less tax) dividend. They also state that no further dividend will be de- clared for 1955. This share is listed on the Hongkong Stock Exchange but is very rarely dealt in now.

Chartered Bank, another rarely dealt in share on this market, announced a seven and a half par cent final (less inx) making 15 per cent for the year.

Yaumati Prospects

The Yaumati dividend is due Inter today. In 1994 they paid an Interim of $3 and a flňal of $5. Last year they made one for two bonus issue and

HANKS

TK Bank

INSURANCES

Faserd

DOCKS, ET

K Whert Dusk Prezident

COR Wheydock

LAND, ETC

30

4273

1

1420314 00

B A HU

400

20 00

20.20

30.30

32,70

32.70

In the US the average price

It reported earlier this week

{ Plymouth vales have been in creasing.

rs-

-50c

30c

+10%

~~~200

WORLD

RUBBER MARKETS

Singapore, Mar. 8. After opening lower the rubber market steadied on short covering with sellers reserved. There was some trade offtake,

Future closings were: No. 1 rubber

March

April

May

per lb.

No. 2 rubber per 1b Mar. No. 3 rubber per ib. Atar No. 4 rubberper ib. Mar, Spot rubber inibaled Blanket crepe

No pale crepe.

LONDON

0914-100 19-08 unquoted 97-9744

00-00), 087-160 9214-0414 1134-114

SECTION

Page

Prices Continue New York Sugar

To Rise

On Wall Street

New York, Mar. 8.

Prices on the stock market moved higher today on increased volume.

The rise pushed industrial shares to a further new all-time high. Utilities reached their best levels since April 13, 1931.

The upswing in prices, how-, Poelfie Gan & Elec. ever, lacked vigour. Gatns were limited mostly to the fractional A low of the specialties managed to post good gains.

zone,

Market news was generally on the quiet side. Even the large number of carnings reports being reloaned at this time failed to SURP the market out of jethargy.

Wis

Volume

slightly above yesterday. Transactions on the day

totalled 2,300,000 shares, compared with 2,380,000 shares: In the same period yesterday.

Rails Best

New

York Stock Exchange bond volume was $4,000,000.

American Stock

Exchange volume was £1,330,000 shares.

Railroad shares made the best showing, A few of the leaders here had mina running to more than point Kansan City Southern moved up 1 points to $80. Union Pacific tacked

011

ما

a gain of 11⁄2 points $180 Southern Railway add- cd 14 points to $105% Santa Fe at $150, was up 1%.

A number of the metal shores met good buying. Alcoa

The market was quiet but jumped 2% points 13 $944.

steady with spot quoted at 291⁄2 | Anaconda firmed.

pence per lb. Prices: No pot

Settlement house ferm

Apri

May/June

Oil equities moved irregularly 20%-209;

In the motors, Chrysler hop- 294-20% ped 1 points to $751⁄4- 20-291

issues Of the 1,188

traged. 22534-201 29-201 578 closed higher, 354 declined New and 236 held unchanged. highs 1955-50 higher -were registered

July/AMK

September/October

November/December

7776-28

General markets,

elf

basis, ports:

29.2014

May

June

2014-20 283-25

Estale

5.

erepe unquoted United

NEW YORK

The No. Rss futures closed urey 25 to 30 puinis higher with sales of 114 contracts,

The standard contract closer 20 to 60 points higher with salez ! of 20 contracts.

Futures:

by 60 stocks and seven made new lows.

Dow-Jones closing averages

were:

30 Industrials

20 rails.

18 alities

53 locks..

40 bonda

Market

New York, Mar, B. World "No. 4 sugar futures closed 1 point higher to 1 point lower with sales of 188 contracts.

The domestic No, jugar futures closed 1 point higher to 2 points lower with sales of 270 controots

Trade buying ordera predo- minated in both contracle with steady undertone, prevailing in lino with tha raw aftuation.

In world

German raws, brokers were accredited buyers of 10,000 tons of Cubano at 3.35 cents a pound, tob. Dolars thought the rale may have been made

recently

under the

negotiated Cuban-German trade

agreement Destination of the sugar was not disclosed,

Futures:

Mar

51%

Pan American Airways Paramount Pictures

2014

Contract No. 4 (world)

331

Farke Davis Co.

May

19

Fenny . c._ Cu.

DAY

July

Penn. Salt Cu.

15

Sept

Oct.

Philip Morris ..

**

Procter & Gamble Co.

1034

Pubilcker Industries

10

MAY

Puro Oil***

441%

July

|

Radio Corporation

43

Spot-teents per lb, tob

Republic Btesi

404

Cuba)

3.35

She dll Co........

7744

Contract No. 6

Bain Beя. Pepor

471

MAY

Silal Oil

dit

July

0.43

Becony Mubkall

70 P

Sept.

South Puerto Rico Bugar

at is

Nov.

0.68

Southern National Gas Southern Hallwny (Com.) Standard Branda

Spot-(cents per lb. cit NV

ex-duty)

8.60

United Press.

Standard Oil of Cal Binndard Oll of Ind

95

Standard Oll of NJ

Studebaker-Packard Chr.

Текля Со

Swift & Co.

Tide Water Ama

Twenty Century Fox Film Union Carbide

Union Pacific Railway

Unlled Atreraft

US Comm

U.S. Line Ciu. vs Rubber

6. Smolling

US. Steel

| Warner Bras,

Westinghouse Elevirie Wert Va. Pulp & Paper Woolworth

4037

NEW YORK SILK FUTURES

Silk

New York, Mar. 5. futures today closed

unchanged to lone cent lower

with sales

contracts. of six

Closing prices were:

4.18h

63%

March

April

2176

May

鹅

June

01

July

August

Untied Praw.

4.15h

4.10b

L

4.10b

-United Prass.

PO B∙IE

E&A

COMPANIES

PENINSULAR & ORIENTAL S.N, CO.

PASSENGER/FREIGHT SERVICE

"CHIUSAN"

"CONFU"

"CANTON"

Leaves London

Sated

Doe Bongbong

zúa APHI

13th Apeli

492.30

184.24

Outwarda

06.73

174.87

“CARTHAGE"

09.00

15th March

Comin, future price Moody's Index

10048

103.00

27th March

30th April

Closing Prices

23th April

29th May

No. 1 Rss

33. 34.08

Allied Chemienia

$115

Allied Mills Ine.

15

33.15 All Chalmers

133

12.th Amertean Cynnamide Cr 32.05 Am. Mach. & dry

71

271%

American Metal

6016

STANDARD CONTRACT

*"CHUSAN”

16:37

"CORFU"

34.03

"CANTON"

The recall will reduce the number

of Chrysler workers not working since the middle of March December last year to about May July 20,000 and will increase their

September total hourly labour force to an December estimated 104,000.

new cars

The corporation retailed 90,400

February which May was 13.0 per cent more than July

September thon December

Match

January but

less 10% February of last year.-Reuter,

of 18/16 middling collon at 11 WINNIPEG GRAIN

A 40 designated spot markots WAR unavailable today. Sales totul-

150

Hel XD 13 BO 12000 14 NO

K and XD G1 Gy Humphrey

XD

143 30 Realty

HUDBER

152 3000 m 1 50

A. Rubber 1,70 1 30

UTILITIES

Tran

24 14.30

Yimati Ferry 104 105 190 1 C. Light (Đ) zij 21.70

..

Bleecke

X All Telephone INDUSTRIALS pal an

Cement XD

STORES. ETC.

Dairy

Interim of $2.50. The talk Ja that the anal will be between $4-4.50

Vibro Filling have announced a $1 dividend and $1 bonus. In 1954 they paid $2.50 in dividend and bonus ($403.750) out of a This year profit of $457,999. dividend and bonus will takò up $323,000. The company is also making a one for four bonus issue.

012

Looking at the market, Banks

(UP

a little brighter at $1685

on the week).

$5

Union

have also improved slightly, by

$15 to $900,

Wheclocks, are slightly casier

on the week but their

has been due to inactivity.

decline

In tho dock svetlon, both

Wharves and Providenis

aro

100

led 14.700 bales.-United Press.

PRICES

Winnipeg. Mar. 8. Prices of grain futures closed today in cents per bushel as

New York Coffee follows:-

Oats

·

Market

New York, Mar. 8. Santos "S" coffee futures to- day

BOLL

7541

May

July

Oct.

Kyc

May

12034

July

118%

closed unchanged

with

Oct

110

353000 400

30 sales of seren contracts,

Barley

The "B" contract, closed un-

polnis changed to 10

May

10012

July

lower

Oct.

100%

31

17 40

with sales of 213 contracts.

The "M" contract closed 10 50 points lower with sales 10 of 224 contracts,

Flaxseed

4)814 400

354

Wniron 11.60 11.50017

L. Crawford

COTTONS

Textiles

MISCELLANEOUS 11.K. & FE

Invest

11.10

12201

May July Oct.

38 Whent, No. 2, northern, No. 9, after 100% conts; No. 5, 128 cents.-

to United Press,

Prices railled

partially early casiness responding 000 or 5.33 dealer buying and short cover

ing, but buyers generally ap- peared cautious on the Brazilian 360 11 30 exchange altuation,

Singapore Stock Market

Singapore. Mar. 9. Brokers today quoted the fol-

Hittle higher, but Docks lowing stock prices:

are lower.

.

In the land section, Lands and Botu Lintang Rubber Humphreys are higher, but Ltd.

Hotels have lost ground and close ten cents lower on the week at $18.40.

In the spot market, Santos 45 declined 4. cent to 30% cents. Futures:

March May

July

September December Marchi

London Wooftop Market

London, Mar. 8. Wooltops market glowed today steady with sales of 47 lots, Prices in pence per lb, were!

104-10412 7031-104 102-103 100-103 102-10215 104-1021 10114-102 10113-10316 101-101

72.70n

87.70

G$40

61.73

60,10

5750

Mar.

-United Prest.

May

July

Oct,

New York

Dec

Mer.

May

July

Oct

Cottonseed Oil

Now York, Mar. 1. Doc.

Prices of

oki cottohooed futures cloned today in conta per lb, as follows:

Opening

Ord

Utilities Lase Ground

In the utility section, only gen Cad.

2. $1.00 Kridah " Borneo” Petrojetap

Byndicate

.7 41/0 Consolidated Tin

77/08 Teaser de Neave Lü. Orð. $1.70 Priser & Neuve Ltd, TX

eum. pref. **

$0.25 Hongkong A Shenghal

Banking Corp

$900 xd 1751 Kempas_LAD.

March May July

Beptember

October

December

JANURTY

$1.80

Youmat are higher on the week. La Rubber Estates 1.10. 24.17 Telophone and Star Ferry are | Malayan Breweries around $3,40x4 both steady. And the othern nro New Brandon Hubber Co.

Gld,

down.

Pealing, Tin, LAST I thought the Financial Secro-Rames liotet tary's remarks about the tunnel inpore, Cok) StoreRe last week might have affected South British Insurance Yaumati, particularly when the Strat Trading China Mall publishes the news blivit gleamship on Saturday that the sale of United Engineers Ord. part of the military landa in the

Werme Bros.

michans "baik 'spedes,

16.001

16.70

18,80

.....

15.00-70 15.30 14,18 11.00b

Sales 344 contracte.United Pr

Exchange Rates

Bavlnej, was done in the local whois exchango

AMSTERDAM

American Smelting American Tel. & Tel. American Tob. "B" 33.00 Anaconda Copper 32.00 Armco Steel 3190 Baldwin-lama-lam 31.00

The market was quiet, Prices closed

gram, elf Murch as follows: today in guliders per

No. 1 rbber

No. 2 rubber

No. 3 rubber No. 1 crepe

2.80 norn,

177

2.02 3.00

**

-United Press.

NEW YORK SPICE

MARKET

New York, Mar. 8.

Baltimore & Ohio Bendix Aviation Corp Benguet Cons

Bethieliem Steel

Boeing Airplane

Borden (Tho) Co.

Burroughs Add Machine Canadian Pacific R. Cane (3, 1) Co.

CI. T. Financial Corp. Cat, Tractor

Celanese Corp. Chrysler Maturs Colgate-Palmolive Co. Consolidated· Edison Continental Oil of Del. Crown Zallerbach Cuban Amer, Sugar Diamond Alkali Dow Chemicals Dupent de Nemourn Eastman Kodak

Paro National Gas Erie Hallroad

Spice dealers reported a con- | Family Finance Corp.

General Electric

the

General Foods

General Molors

tinued quiet situation in binck pepper today although market had a steadler overtone

Gen. Pub. UI. In line with cables from supply | Glidden Co.

centres.

Goodrich 13. F.) Co. Goodyear Tire

Malabar spot, afloat. and ship Heyden Chemical ment positions were Indicated Homatake Mining Co. | nominally at 921⁄2 cents, with Ingersoll-Rand

spot white Montok at 40 cents, a pound, ex-dock, basis. United Press.

LONDON METAL. PRICES

London, Mar. 8. Prices closed today in sterling per long toh as follows:

buyers sellers Th

Inland Steel Co. Interchemical Corp.

Int Business Machines Int'l Harvester .... International Nickel InternationalPaper Int'l Tel Tel John Manville Co., Kansas C. Power & Light Kennecol Copper

Tab. Ligquit Meyers Lockheed Aircraft Low Incorp. Lane Blar Cement Co. Louisville & Nashville R. Lowenstein & Kons. Mosabt Iron Corp. Monsanto Chemical Co. Montgomery Ward

Spot 3-month Coppar

#2215

705

787!

Motorola Ins.

National Cash Reg. "A"

Hipot

430

43016

National Dairy Irod.

3-month

418

41812

National Land.

Leit Jet ball-

Nailonel Biss). Corp.

Now York Centri

May...

110

11912

· Zing ist Jama

March

102

2003

May

—Unllad E, Dur.

March 301-101-3 *United Press.

New York Wooltop

Market

Now York, Mar. 8. Woollop market closed today steady, unchanged to points Prices in cents per 1ḥ, Flower,

1503-154.5

NEW YORK METAL

FUTURES

New York, Mar, 8.

Olir. Malliiesení

Elevators

Owen-Illinois Class

07

430

London Foreign Exchange

Prices of matal futuros closed | New York today in cents per 1b, as follows: Montreal

Lead Mar,

London, Mar.

10011-80-7/10 2.19-110/

160

were:

$1.50

March May

107A-1673

Amsterdam

$0.70%

13,39

186.8-187.3

$1.50

market - D

moming at the following raten:

$27.50

US, dollar, (per $15.

October December Μάταλ

157,3-traded 10625-100,4

· · April

Mynskfurt

-Tin

99400

Liation

April

90.000

$20.30

160.0

$18.00 20.30 od

22.00

Australiah Kotol (per GIMN

Indonesian ruplah per 100) Blam ties] (per 100)

singapors (Biruito)

Aurli

1941: Blockholm

Spot Volume

Curich ·

12.2333-1.23.

280.000 1.

April

$1.45b

Ollars wore

United

ited Press.

Via Southampton, Port said, adeo, Bombay, Colombo,

Homewards "CARTHAGE"

Penant a Singapors.

Leaves Hongkong Due London

0th April

1th May

20th April

27th May

*

6th May

4th Jime

bat Jupe

2nd July

Adu,

$

Γ

Alto calls MARUKILLES.

Vie Singapore, Penang, Colombo, Bombay,

Port Buld a London.

"SUNDA"

FREIGHT SERVICE

Que 24th Mar.

"SHILLONG"Joads 20th Mar.

from U.K.

for S'pore, P. Swetten- ham, Penang. Adap, Port

Havm.

London, Hamburg. Hot- terdam & Antwor

With liberty to call at Belawan before or after Straits Ports and at Bombay if inducement offers. Tanks available for carriage of ait in bulk, Spaca for refrigorated câyço, Limited Pataenger Accommodation.

BRITISH INDIA S.N. CO., LTD.

1850 - A HUNDRED YEARS

"WARORA”

Kalle 10th May.

OF · SERVICE · — 1950 for Singapore Fenang. Hangoon, Calcutta Chittagong

"SANGOLA” aalis 22nd, Mar. for Singapore, Penang,

Rangoon & Calcutta

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

"IKAUNA"

duo 13th Mar.

salle 14th Mar,

dae 10th Mar. satis 2018 MAT,

from Karachi & Bombay for Japar..

from Bombay & Karacht for Japen

"BIRDHANA"pal® 20th Mar,

salti 29th bfar, for

"ORDIA"

*

*

дом.

for Singapore, · Fenang. Cochin & BOMBAY

Singapore, BAY, Karachi rah. Khorramshahrid Kuwali

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

"NANKIN"

Aug. 22nd Mar:"from "Australia salis murd Mar, för Japan

All Vosnois-havo Uberly to call at kay'perts an ́or off the répla' à tha qonda' à sailing are rabjeet to change or amandment with or withouts wetios.

For full particules apply to MACKINNON. MACKENZIE & CÒ HIT HONG KONG ITO. Telephone No. 27721 1.