1956-11-09 — Page 9

TRADE

THE CHINA MAIL, FRIDAY, NOVEMBER 9, 1956.

and

COMMERCE

SECTION

SHARES MAKE RECOVERY Billion Dollars

Better Middle East News Helps Rise

TURNOVER UP

By A SPECIAL CORRESPONDENT

News of the ceasefire in Egypt and attempts to substitute a UN Police force for Anglo-French troops in the Canal Zone were believed to be the main factors behind the market recovery this week.

Turnover rose from $3.65 million to $6.38 million, the highest for some weeks. On the week thirteen shares were higher, nine steady and only seven lower. Last week, the tally was 19 down and 10 steady.

:)

nel, Fridus:

The every Searc figure of more than $13 millen To the listed valon

Saree

but they still need anot, $30

million To make

werk's $44 trillion Jams

ק

1 ant ran the week win

a good we entuadering Marshad Holganin's hist cartier th week, the Bl

tion of

The Unite! Nattery- Avembly

Monday:

revolution calling for む with-Tuesday:

Late

ceasefire

from

Lawal Egypt, sel ite Hungarian

-BACTE

Lights Dividend

Perlaps the +rvent

Surprising

thing that the murken da lum down sharply us

news; that is the viru te House Street mieh

I understanal

banks have beers

1.

Clunese

This week which couUITS the better valutne and tone

Alm selling pressure has been comparatively light After two clays તમ fatly

Mestiones?

dernand, however, the markel harted dull yewdest day.

China Lagist

Announced

final dividend of 90 cents the work which is unchanged on the year.

reaction.

11 19 TH in some setums of the market that the costipiny canild

have paul more which gave rise singht disappointuenk -but I do tot karaw bow

witżespreay. Th terling was

is difficult to judge Feeling

On the rex 11 daviddend was antonunced, the staken belt alennust

20 cent, fw," posted othe IS HOW 523 90-524

י: זו

Pros And Cons

Steady with priers showing signa further recovery Light seale selling in afternoon T/O $1.270.000.

Prices well main-

tained!

fractional

with 4

Light scale Inquistas

tion in

T/O: $770,000. Ruled industry

Tare

with

In the noon TO

$1.350.000

Wednesday: Sentiment improved เท่

the

new

ceasefire in Middle

༣༤༦༣

East DIKI

made advance on

a wide front. T/0:

$1,030,000.

Thursday:

K Drock Provident HK Hotels NR Lands

Humphrey

4341 13.00% 14.40771 0116 19.30s

Slashed Off Wall Street

Page

London Oil Shares Take A Beating

London, Nov. 8. Stocks - mainly oil shares dropped sharply on the London Exchange, reflecting the steadily wor- sening Middle East situa- tion and lower prices in Wall Street on realising 2018 after the Eisenhower

New York, Nov. 8. Another billion dollars was slashed from stock market values today as concern with the explosive Middle East situation heightened.

pared substan= |South Puerto Rico Sugar

them Nathan Gas Southern Nottway ComĮ Sleep Rock (Tomaten, S Bandart Branca

2014

4 landslide 201

45%

Royat

Dutch

lost. £3.

★ The Share Market At A Glance ★

Oct 11

1K Banks Lombard Union

1040

Oct 18 1640

Oct 25 1630

Nov 1 1020A

Nov 8

Up or

down

1610

-$10

42b

4214b

43!

42

42n

steady

1000

1005m

1000

980

990b

+$10

Underwriters

8.80n

Uulon W'bosi

£3.70n

4.8013 23.001

8.80

H.Bon

B.Ron

steady

23.00%

Wheelocks

0.05

7.15men

7.05

23.50n 0.63

23.001

steady

6.70

HK Whart

95

95

90

90b

+150 steady

40%

45%

45148

44

+200

13.90

13.80

13,00

18.60

mm 300

Losses were

15.400

15.40

15.10

14.80

+400

0439

04

U14

+31.50

19 n

19.70m

19.30

19.10

-200

statluning of

tally following a Calro dispatch Bayling that Egypt had agreed ta United Nationa

1.50

1.425b

1.4251

1.35mxd

1.350

steady

observers on

23.70

23.60

23.50

23

3

Meady

buying

its territory, however,

the

Btwodnia Oll of Cal Standard Oil of Ind.

Wha

Standard Où of N.J

142

143m

141b

142n

sterling Drug Lo

CEL

Stokely-Van Camp

111

112

109

107

102m

104

+32

Studebaker Packard Corp

24.90

24.90

24,90

23.70

23.00

+200

Bwitt & Co

43

34.20

24.20b

24.20

23

23,00%

+40c

Texas Co

"

312.

30

31

+50

25.10

23.00

24.40

+500

The Wer Awa. Oil Twenty Century Fox Film Union (childe

40

24

Te

3841

38'

31.

3R

+31.25

Peso Paesise

Railway

30-4

13.50

15.60

15.10

14.30

United Aircraft.

14.70

+40c

Among

49

A.N. Wabon

14.10

13.90m

13.80s

12.00

13.60

+31

Chantada l

V.A. Gypsum

$10.

Lane Crawford

29.401

29.40n

29.40n

29.40

29.40

Heads

UN. Line Co.

Unilever

Yangisze

6.75n

6.00nxd

8.05

6.05n

ប៊ុន

-30

V9. Rubber

401

US Smelting,

51

4.95b

4.0755

4.90b

HK & FE Lox

10.40n

10.40n

ED.50%

10,40n

10.40m

-10c steady

Textile Corp

4.40n 7.00

4.35m

7.55

4.35% 7.55%

4.15

4.10b

Volume shares

totalled

1.070,000

70

Warner Brun

201

547a

7,301

7.50%

+-5c steady

401

nokt

Brillsh Governmensig steadily, closing

wero

with

-Unsbed Pres

11K Really HK Trams Star Ferry

Youmalis

Ch Lights (+) Ch Lights raj Electric

HK Telephone G.. Cement Dairy Farm

Allied

Nany Aur

25.10

New York Cotton

Futures

Score Gains

New York, Nov. 8.

130b

WORLD

RUBBER MARKETS

New York, Nov. 8. Thic No. I rubber futures

contract today closed 80 polots higher with sater

Cotton futures today resumed the post-contracts.

Dull and rew and election rally, scoring gains up to around $1.25 a

bale in moderately active dealings.

smali

pilee move- inents T/0: $900,000

TODAY'S

SHARE PRICES

Nov

Dec

Mat May July

Det

unquoted

38,00

39,86

30.70

30.10

39.20

New crop deliveries led the upswing us buyers concluded operation of the soil bunk, pro- gramme, plus expanding raw cotton export sunki smaller crop

In the US the average spot closer prospects will mean

prior was 33.15 cents. Sales supply-demand balance next totalled 76.063 baks-United

your,

Closing

a rally he list finished net unchanged to up 25 polnis. Opening prices were up 2 to off point. New Orleans closed 20 to 28 points higher.

the previous

(From Our Correspondent) The Government's Nov, 1 erop Husin Gobe on the Hong-} indications for 13,153,000 bales kong Stock Exchange this morn showed an decrease of 115,000 the amounted to approximately bales over

esti- $400,000 Non quotations and mute, wherens private eslimates The morning's transactions.

had suggested at increase of around 140,000 bules. Produc- tion last year totalted 14,721,000 bales.

SHUITING

Ruvers Mellers Sales

Press

New York Sugar Market

December

گردم

+

30.10

34

The rex contract closed 80 t

135 points higher with sales of 305 contracts.

November January

March

Max

July September November

34.00

34.00

34.30-33

33.00

354

33.30

32.00

Standard contract closed 80 to 130 points Higher with sales of 22 contracts,

December Marchi May

July

September

November

sumfelent to bring prices all the

way back from the day's lows, which had run

to more than polly is on average.

Closing losses averaged 2.43 points in industrinis 1.25 in rails and 0.45 in wilities. ht it total 1,150

uno Issues traded, closed huwer, 294 higher on the day

Oils Rally

UA. Mi

Westinghouse Electric Woolworth

609 wiping mut

yesterday's gain. 30% British Petroleum, Shell Trata-

LONDON METAL

PRICES

port, and Anglo-Egyptian "B" gave up lesser amounts.

Sucz Canal shares cracked. nearly

£5 AL

the

gained back some,

point

but

the high grade In- Rolls-Royce arcti yielded --- shillings, pence and

Bowaters shilling

many others 1 skilling.

jesses up to £%.

Dollar

also 100k stocks

11

beatlist. Foreigh bonds wero weak. Goldh shares showed declines, -as United

substantial London, Nov, B.

Press Prices of metals closed today

alerking per Jone tot

Mudie Enst oils were first to rally on the news out of Cairo, Royal Dutch came back 2 palats after dropping 4%. Gulf eliminated a 3% point loss to in close higher, Getty Improved follows: and Jersey Standard, off 3⁄4% on the day was in fourth place on volume.

tyris sellers

17.

BLO

0171

287

*841

י

2

NAMESAKES

Angovers: ~ 1 Tragedy.

1984 Grecos, 3 Philosophy, 4 Books. 16 Criticism, 8 Polities, 7 Athens,

1 978 Learning, & Poetics,

United Press,

Aristotle.

287)

Nov

hatt Feb

117

12

Alf

100

hott Ph

MUSIC 'T'in

J-manth Copper spol

3-month Steels came back trbm their

L-cad 1st worst Levels with US

Int Steel Lend with

Zine in closing

a loss of

Zine active list. second spot on the Bethlehem had a fractional loss. Aurerafis net some support. International Nickel featured with a

guin of nearly 2 on re- orts the company is about ready to proceed with a Nickel ore de-

velopment in Manitoba. Motors were narrow. New York Stock Exchange bond volume was $3,810,000.

Exchange Stock American

volume was 710,000 stures.

Dow-Jones cios.log averages

Nav

11354

101

PO B•IE.A

COMPANIES

PENINSULAR & ORIENTAL S.N. CO.

wore:

30 industrial

480.72

20 radia

16 utilities

07.11

03 stocks

172.31

34.33

40 bonds..

2 47

34.10

Comm future price index

33,70

Comas, spot price index.

104.78

33.35

{Mundy's index

421.00

32.60

32.40

Outwards "CANTON"

New York, Nov. 8,

futures

Specuintive buying and cover- points

ing on the terminat market re- conflected a budget of bullish news.

World No. today closed higher with tracls

4 Augar

3 to U

les r 235

Producer los entries for the lawer with sales of 29 contracts. along with increasing automo-

wrek ended 314,022

week stu

$300 və 125

Aug. 1 Colton

Nov 2 bales, largest for any the season started Net stuck of 1950 crop hands government

ת!

Closing Prices

Allied Chemicals. Allied Mills Inc.

Highlights Included firmness al Allis Chalmers Domestic No. 6 sugar futures London, plus definite

American Airline signs of American Con closed unchanged to 2 points an improving factory demand. Anerican Cyenance Co

Amer, & Forgh, Power Am. Mach. AF dry. American Metal American Smelting Am. Sugar Ret. Americon Tel & Tel American Tob. "B" Anaconda Copper

ØVET

the

Strength in world futures, le productim. iolalted where prices reached new sea-

sonal highs, reflected the fl raw situation. plus continued misgivings

foreign politieni situation, expelally in lotailed 1,904,010 bales plus the Middle East and reports of 6,040,959 bøles held from the

Soviet troop movements huge In Europe. 200011955 loan programme.

Experters

DomesÜle futures were quicl and irregular on a small trade between reßners and other trade interests. Futures;

Shares

BANAN

-

BK Hack

1010

INSURANC

L'aud.

VIN

Wh

{

120

Docks Ble

One bruker sand to me

poster-

K Whit Purv

TRI

11.00

Buy Laghts then

Jong-term

shure

UK Hotel By HK Land

146

that I mean that it doesn't give

Humpress Really

14,70

023 10.10

75001123

but on the other hand it is not

Amalz

XD

#470

'Truant

100

forever calling up capital

UTILITIES

"You look back at 10SI

#

Tra Yusmurto

22:00

100

103

23:00

"In the long run if you LAND E

you much increase in dividend ¦ RUBBER

paid out a Anal of 10 cents and [C Laghi TO 2320

the same Interim-30 cents-und

ila prleg moved between $8.70 and $0.00

15

"Look at it foclay. The capital Appreciation excellent, of

but course,

Its dividend hns gone up only 20 cents."

Electric

Teleptione

(0)

Government

understood

decided

the

10

has boost prices on cotton sold for under the disposal plan, 000 22.70 The additional carrying charges, 500 23.00 starting with the next bids on 10002330 November 13, would be

30 30 4000 3014 points and 15 points additional hay

2014 cents, assuming

500 2110 the Department of Agriculture March

continued its recent

Concern OVST the

foreign political situation. especially developments in the Middle East and reports of large-scale Arco Bicel

Armour Soviet

movements troop

in

Atlas Com Mining Europe.

demand Baldwin-Lima-llam. spurred the

Baltimore & Ohio houses, commission

Bendix Aviation Corp. through

for the frat Banquet Cons. brokers reported time in weeks, Reported sates Bethlehem Steel Boring Airplane included November shipment Borden The Co, two sheets at 33 cents: threes Burroughs Add Machine at 33 cents and flat bark at Canadian Paciße R.

Case (J. Co. 214 cents a pound, all cost and Cat. Tractor freight.

Celanese Corp.

..

C... Financial Corp Chase Manhat, Bank

quoted Chrysler Motora pound, Climax Molybdenum

Automotive News featured re-Colgate-Palmolive Ca

ports

that Chevrolet

workers

will go on a six day work week

Contract No. 4 {world}

1500 4 30

1000 k 30

300 3014

25 March cach month through July. This July

3.42

3.42

•1000 430

24.30

400 24,10

would make the minimum prices, 9201 (rents per it, fob Cuba) for middling 15/16 inch cotton

Contract No. 6 around

September

342

3,42

Spot No I Rss was

rominally 35 cents a

5.03

July

0.05 13.07-08

September November

5.71

0.72

Spot cents per ib, et NY

ex-duty

8.77

4.20

7.60

Month

Volume Open interest

ited Pram.

INVESTMENTS Yangiaze

Dec.

20,000 303,200

0

Mar.

21,400

387,400

May

10,700

343,000

July

12,200

Oct

8,300 120,300

Dec.

Mar

Tolai

(N) 22.00 INDUSTRIALS Ceaven!

3344 3711 In this period the company's | STORES, ETC. prost has

Dolly

14.30 14.00 1250 1400 from Up

Watrons .... 15.30 $7,020,002 to $9,487,228. Out of OUTTONS these profits, distribution money Textiles in 1951

Wils $0,570,166 and last Nanyang

year $9,240,000.

fone

I have not heard

what this the

year's Ogure is to justify

view that the compony could

have paid more.

Yaumatis Sold

share

Personally, I like this despite its 4.0 yield-m Aly for capital appreciation. Since 1953, it has risen by a minimum uf about $10 and a maximurn

$15.

Singapore Stock Market

of

Batu

There have been more than

3,000 Yaumatis sold this week, you may have noticed.

minimum May base price of 25 cents a pound.

The certificated stock was un- changed at 2,826 bales,

as follows:

140,000

4,100 72,000

200 14,400

NEW YORK

New York Foreign Exchange

Now York, Nov. 8,

Commercial Credit Commonwealth Mec.

Consolidated Edison to meet "increasing demand for Continental Oil of Del.

Drone Co.****** 1957 models", and other trade Crown Zellerbach estimates that US auto output Cuban Amer, SuEAT this week will

reach 133,578 Diamond Alkali

Dow Chemicals ... units, up 13.6 per cent from last Dupont de Nemours week.

Eastman Kodak

SINGAPORE

There was good factory enquiry

El Pa National Das Erto Stallroad

Family Finance Corp. General Becirle General Food

General Motors

Don. Pub. VUL

and trade off-take in the mörket | Glidden Co. ........

1.00-5/18 ftodiny, 2.67-2.59

The free market rate of the

Futures:

No. 1 rubber per ib. Nov. 001-0012!

Dec. 09122-001

83,700 1,380,000 balea

Closing rates were:

Canada

Prices of futures closed today

England

Others were unchanged.

34,43

3385

33.90

as quoted by Pick's World Cur- No. 3

34.10

rency report was 424.Undied |No.

33.00

Press

Spot rubber unbaled

Blanket grepo

33.24

33.20

Spot ..... Singapore, Nov. 9,

December Brokers today

quoted tho

March May following stock prices:

July Opening

October December $1.00

13-0d

201

Lintang Jubber Co Lid:

Borneo British

Syndicate

I do Consoldated

Petroleum

Smelters Tin

Fraser Neave Ltd Ord. .. $2,05 Fraser & Nenvo 75% cum.

$4.00 Gammona (Malaya) Limited $2.00 Hongkong & Shanghai Bank- This week's ri80 is fairly ing Corp. **** widepsraad. There hus not Hongkong Tin Lul.

Kill-Kubber Enter Lid

not know why-and netther do Ord. any of my informants. The share has risen on the week by prof

$2.

been much movement in

and Uniong

fractionally,

edged stock-Banks are down Malayau Breweries

up Market leaders

Now

LIA.

Berandan Itubbor were Blue Painting Tin, Ltd. Chips and Cements which were Raffles Hotel

Also the most active. Trams Singapore Cold Storage, are steady, Lights up 20 cents, South Brillal Insurance Co.

Electrics 76 centa and Telo phones to cents Coments cild

batter than all of them by rising $1.25.

Diary Of The Week

Apart from these movenients,

Ind.

Straits Trading Straits Steamudip Werme, front United Engineers Did.

exdiv-China

March

NEW ORLEANS

Prices of futures closed today

$855

dend

as follows:

Spot December March May July

07.07

October

$3.00

Decembor

March

*11.02

LIVERPOOL

$3.50

$1.43

#mjn 3b, word as follows:

Oki_contracË '

Dee:/Ian.

MATVAPE

· Det/Nov.

New contra

MA

Exchange Rate

Daktreat, war scono. In:: the vlobal

there were matbored-munli rises unometal exomange markowe | tata

"and": "fails" and

should come 'alther, today,

early next week-long there is no more bad news,

Huu la a day of the week;

morning (at the following TATORTARIS

"Sterling (noten, (pery (21))}

Sikres toniitper: 100) C99ENTA strgapore (straita)

US dollar to the Japanese pen, No. 2 rubber per 16. Nov. 73-8

London Foreign Exchange

London, Nov. 18. Closing rates were:

33.30

3384

New York

34.17

Montreal

33.07

AmsterdamTI

33.20

સમ

Milan

Paris

Stockholm

Bruneta Copenhagen Frankfurt

Futuro closings, in pence per Zurich

No. 1 pale crepe

Jan. unqualed

05-0611

LONDON

091-001 2015-00% 80-03 1.20-122

The market was firm with spot quoted at 30% pence per lb, Prices

2.7854-2.76- 2.0916-2.00-7/19 | No. 1 ftes spot`............................ 10.606-10.507% |Betilement house term: 13945-130.4719 Dea,

19.3135-10.34.

11.09-11.03%

1181-179335

Jon/Mar.

Agr/June

July/Bepl

Oct/Des

Mov

United Press.

Dec

Jeth wit

1440-1440

Others were unchangeti.

NEW YORK METAL

Genemi Marketa, dif posts,

Katate crepe, thin, Nov.

FUTURES TRAS

• Now York, Nóv. 893 F Priced of meina future, closed today in cents per, 2b: na fonts

Lead

Lino

thick

AMSTERDAM

market

30-3014

was steady; Elored today in guilders

myidif - Dec.za 10)

Goodrich (B. F.) Cu. Goodyear Tyre

Heyden Chemical Hona take bining Co. Ingersoll-Rand Inland Steel Co. Interchemical Coty. Int'l Harvester International Nickel International Paper Int'l Tol & Tel John-Manville Co. Kanma C. Power & light Kencoolt Copper Liggett Meyers Tob. Lockheed Aircraft Loews Incorp, .... Lone Star Cement Co. Louisville & Nashville H.

Lowenetele de Sons Morabi Iron Corp. Minnesota Mining Mission Development Mosanto Chemical Co. Montgomery Word Motorola Inc.

National, Cash Beg. "A" National Dairy Prod.

National Load ·

National Steel Corp. New York Central [Olin Matkiemor

an

Que Elevators Owen-Minole Glass

Pacife. Clas & Elec, Pan American Airways Paramount Pictures

Parko Davis Co. Poing Li Bi Đà Pendy, Salt Co Pallip, MOTTIS Procier • Gamble Co. Publicicer, Industries Pure Olism Radio Corporation foepublia 61401

· Reynolds' Metal

Royal Dutc

信

Bocony - Misb

PASSENGER/FREIGHT SERVICE

"CORFU"

Leaves London

Sailed

Dae Hongkong 13th November

18 November 10th December

Bingapore.

Via Southampton, Colombo, PesacE

Homeward,

"CANTON"

"CORPU"

"SUBAT"

"BURAT"

Leaves Mongkong Dan Lehdes

Apm 109 November5th December

23E

December

Via Singapore, Penang A

TO DR ADVISED LATER

Colombo.

FREIGHT SERVICE

due 15th Nov

uads Dec.

"SHILLONG”die Ath Jon.

*PINJARRA” due 7th Jan. "SALMARA” due 2011 Jan. "SHILLONG"inadı 271) JAN

from V.K..

for Bingopore, P. Swoi- techam," Havre, London, Hamburg.

Rotterdam, Antwerp

Grange-

nuth

from U.K.

from UK

Irom U.K.

for Singapore, P. Bwet- tenham, Havre, Londen, Hamburg, Rotterdam. Antwerp Je Grange- mouth.

ALL VESSELS OUTWARDS AND HOMEWARDS ΠΑΨΕ LIBERTY TO PROCEED VIA BUEZ CANAL, CAPE OF GOOD HOPE OB PANAMA CANAL AT OWNERS. OPTION.

BRITISH INDIA S.N. CO., LTD. 1880 — A HUNDRED YEARS of berVICE - 1950

"SANTHIA"

"ORMARA"

due rd Nov, sall 25th Nov.

duo 1st Dec. salts ard Dec.

from Japan for Singapore; Penang, Nangoon & Calcutta

from_Japem de Shanghai for Singapore, Penninić, Rangoon, Calcutta Be Chitlagand

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

"ITOLA"

die 21st Nov, sally 23rd Nov.

+

the 23rd Nov. *alls 25th Nov.

Irt Dec.

“IKAUNA"

"ISMAILA" due

salta 3rd Doc.

from Japan

T

for Singapore, Bombay, * Karachi, Buarah, Khor-

Tamaluhr KaWall

Dubal

&&

from Karachi & Bombay for Japan from Japan

lung

Kaoh

for Singapore, Bombay, Kamichi, Basrah, Ichor- Tamatur Kuwait Dubai

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

"NELLORE” Dalle 1314: Nov, for Sandakan Rabaul

«NANKIN" "ails 8th Dec.

Brisbane, Brüney," "14]- bourne de Adalsida for Bahdakan Habasil, Brisbane, Sydney, · Male bourne & Admada

“All vessel :have liberty to call at any ports on or off the roule & the zonia, za kaiting are subject to change or amendment with or without notice, ›

For full particulars apply to: MACKINNON. MACKENZIE & CO. OF HONG KONG LID. Telephone Ros: 27721 4.

►