TRADE
$25M SHARE
NEW MIDDLE EAST FEARS
DOMINATE MARKET
Turnover Falls Sharply
By A SPECIAL CORRESPONDENT
A new downturn in prices caused by fears over the Middle East situation cut more than $45 million from the listed value of major stocks on the Hongkong share market this week.
This means that in the last three weeks shareholders have lost a total exceeding $56 million-easily the biggest loss this year.
It has been it short WAK
This hima not occurred. B
berse of the bulktay on Mon- 2nd, jet dy beeglite of day, but turnover bár
נו
replance that the rise
sharply from 55 38 million last the American dafine rate was week to lens alum $2
She's
he week
down ove
[
Toroborary and would revert to
mati Feray to $150 for Cements ny, the market
und $1 for Electries.
Eleven
former level with the ending. Seventeen shares are mačked the
crisis. vinying Here
how The market from $18 in the case of Hong
On Friday, ilus work moved kong Hanks and $4.50 for Yau- you will recïdl there were wide-
fractional Josses
repared tradier after the holiday and
tretin sprinkling Last week the tally was 15 p
Wh recorded On hither, nine steady und neven Wednesday,
ront-lay and lower,
traditionally clull
the marke! kept steady 011 $300,000 turnover
stores are stendy and
higher.
HESITANT MOOD
Commenting on this week'n market, a prominent Ice House Street observer said: "It has been a poor week because of the continued uncertainty of Tha International situation und the Joss of
day's trading 12 Monday.
the "Following
pattern world markets, besitant ed has set in and as a result mood there
has been an appreciable reduction in the volume of busi- ness transacted Ds woll
M แ inbrking down of prices in
All sections.
of
"Although selling was nover on a heavy scale, support was not sustained."
יי!
اری
0
Yesterday prices turned down
in with heavier Larsen,
One of the biggest losers was Yaumati Ferry which All ri from $100 to a low of SUB, $1
low
mark above ibis year's Why the share lust so much 1 dn Dof know Almost ROD shares changed hands
the diny. On Wednesday the shure was $102, Yesterday I closed
nt SDB.
DB
BANKS AT LOWEST
Another big loser was Cements from $38 Lo $30. Yesterday's turnover was 4,700.
Banks at $1,598 are at their lowest point this year. Brokers say repented threats
Blue Chips were enstly of Soviet intervention in the
Of the Middle East crlia disturbed
than $22 week And the
thin market
virtual disappearien, utility shareholders lost
coured the
ance of buy FTR.
ONLY TEMPORARY
erver U
| biggest losers this week.
totei Jass of me
a total of $10 millk37.
THE CHINA MAIL, FRIDAY, NOVEMBER 16, 1956,
and
COMMERCE
LOSS NOW
★ The Share Market At A
31K Wharl
MK Docks
Provideni
NK Motels NK Lands Humphreyn HK Really HK Trams PLAT Ferry Yaumatis
64
Glance ★
Up or
SECTION
WORLD|||New Crop Months
RUBBER MARKETS
Now York, Nov. 16. The No. Rss rubber futures contract today closed 9 points higher with sales of 10 contracts.
Dec.
Reach Seasonal Highs
New York, Nov. 15.
Cotton trading became more of a two-side affair today, with new crop months rising to seasonal highs while nearbys lagged under realis- 34.20-50 ing and hedge selling.
33.20
34.73 34.85-60
Now Orleans closed up 13 to off 3 points.
Oct 19
Oct 20
HIK Banks
1040
1630
Nov 1 1620K
Nov 8 1610
Nov 15
1596
down -915
Lombard
424b
4314
42
42n
Union
1000m
1000
180
0001
42n #80nxd
+$1
33.60
kteady
Underwriter::
8.801
8.80
8.RO
8.8011
8.8011
steady
The sex contract closed & to 30 pointa lower with antes -cf 158 con-
kept.
Union W'bont
23.001
23.00%
23.500
23.50n
23.80%
steady
Nov.
Wheeloch
7.15mea
7.05
0.35
4.70
0.85
-150
Jata
95
05
00
BOD
-32
Mor
ABY'S
40
44
13.80
18.00
Kteady
May
Juis
39.73
13.00%
13.00
13.80
steady
Seul
15.40
15.10
14.40m
16.80
34.10
Nov
32.03
04
6144
03
0114
---$114
19.70m
10.30
10.30%
ID.IDN
19.100
steady
Standard contreet closed ulgher to 20 polosta. f wer Tales reported
in polnis
with no
At the close the list rule 8 points higher to 5 points lower. The market opened up 2 to off
May
July
Oct.
Dec
1,425b
1.420n
23.60
23.80
1.35mxd 23.
143m
141b
142n
1.356 25 130b
1.35 22.50
stead
Dry
35.14
5 points.
Mar
Man
Mat
36.30
Mirv
36.06
14IA
100
107
102mt
104
9014
steady -$4.50
J
230.00
24.00
24.00
23.70
23.90
24.20b
24.20
23.20
-700
Trenital
23
23.00
22.80μ
32
31M
30
31
30
-80c
*1
400
Imarket
20.10
25.10
23.00
24.40
24M
-100
38
3814
30
38
30:
---1.50
16,50
13.10
14.30
14.70
14.10
opened around a cerú but lost all of the gal with the trading turning dull.
higher
plu. and sales
Buying in deferred deliveries continued to be associated with poll bank programme considera- prices tions,
expanding export fm- extra-heavy Inter, poundings under the loan pro- rather grainme,
Spot
Der
Mar
Max
13.00m
13,80s
12.40
13.60
13.20
-40c
20.401
20.400
29.40
29.40
20.40n
steady
6.06nxd
6.05n
6,051
6.80
-20c
initial London's rise and
strength
Allled
4.956
4.0751
51
4.90b
Ja
HK & FE Înv
10.40n
19.50%
10.400
10.40
10.10
--300
Teville Corp
4.35m
4.30a
4.15
4.10b
2.30
1.85%
7.50a
7.50%
7,50
Ch Lights (0)
C Liggi inf Ilectric
BK Telephour GL. Cement Dairy Farm
A.S. Walan
Lane Crawford
Fascinze
Nanvank
London Stocks
Recover
London, Nov 15,
TORC
Word that UN police had landed in Bgysil helped the{ stock market to recover today.
Oils recovered strongly from their initial weaknow, bút Onal prices showed little change on the day.
British Governments also met lute demand.
Pivotal stocks regained carlier losBES. Rolls-Royce was a feature. Shipping shares im- proved.
Dollar stocks were eugler. Copper shares were lower but South African gold shares con- tinued firm.
Foreign
bonda WCTC
cusy
the Jupinese bonis were dactionel
ly lower-United Press,
Here is a diary of the week: New York Sugar
Friday: Fractional
1
Tuesday:
One
pointed
Ameri- however, at although con dollars in terms ut Hong- kong dollars and sterling were dearer, the depreciating trend in the Hongkong dullur should have sent attire prices not lower.
higher,
T/O 640,000. Sprinkling of small
gains
$480,000.
T 0:
Wednesday: No change in rates.
T/O: $300,000. Prices marked lown slightly. T/O: $650,000
Thursday:
CHICAGO GRAIN TODAY'S
PRICES
Chicago, Nov. 13
All gran fu'ures
the Board of
benvy
morte 1
Snov
of the
Riso
selling
Trade
13 moved Today
to develop-
the Middle Ea».
drain ever the vas uthwestern wheat hilt contributed to the lower
trend in wheat, while mybeans. declined mainly on easiness lo the cl! market.
Wheat closed up 1.5 to off cent; soybeans of 1% to 212 cents.
Whest, No. 3, red
SHARE PRICES
(From Our Correspondent]
dente
the mess
Stock
merging proximately quotations tranfuctione
Harry Hellers Salta
Market
New York, Nov. 16. World No. 4 sugar futures today closed 6 to 6 points higher with sales of 550 contracts.
Domesile No. sugar futures closed 4 to 8 points higher with sies of 184 contracts,
4.10n
re-
$3.50
33.6%
NEW ORLEANS
Prices of futures closed today
na follows
Out.
Dec
Mar
Alex
AZZAZ8A18
2932280X8
steady
steady
July Lonn entiles for the week ended Nov, 9 totalled 336,047 reflected
bales, highest for any week It was Tince the reason started on Aug. had bought ported that Russia
The net stock of 1958 crop 1,000 tons in the British market. cotton under loan totalled 2,218,~ Subsequent profit - taking
624 bales, plus 0,014,340 bale# Bected better Middle East news, held from the 1955 tonn pro-
LIVERPOOL
Future closings, in pence per
lb. were not received. Openship rates were:
New comrart boo./Jan.
Mar/Apr.
May/June
July Aug. Oct/Nov.
Egyptian Karnak Nov/Dec unquoted
BAO PAULD
steady
the continuel slow demand
gramme
from domestic fctories
of enble train
Brokers
actual rubber and the delayed Month
Volume
Chen mielest
Der
17%,600
43,0
350.000
At on
July Chet
10.201
152,000
20,000
128,200
11.000
70,300
4.200
10,4M)
100
100,000
NEW YORK
Stocks
Wall Street
Slip Sharply
Near The
Close
New York, Nov. 15. Stocks moved higher most of the day reflecting the improved Middle East outlook then came down sharply near the close as new uncertainties cropped
up,
Gains ranging over 2 points marked early dealings, reflecting nows of landing Dî United Nations police force in Suez and subsequent Egyptian announce ment that there no longer is a need for "volunteers""
Benguet Cins. Bethlem Steel
Seeing Airplane Borden (The) Co. » Burroughs Add Machine Canadian Pacific R
Case
Co. Cal. Tractor Celaners Corp. CT. Financial Corp. Chase Manhat. Bank
arrival
the Mar suid May primary centres. the Iow shipment offerings arriving worn on the high side, the Spot No. 1 E
quoted M nominally at 35 cents a pound.
SINGAPORE
The market ruled teady must of the day un beller over- SIN advices and reports of Ruslan buying.
Future closings ware: No. I rubber per 15
Jan
Chee
Feb.
No. Z rubber perib
Dec.
No. 3 rubber pes Լ.
Dec
1036-1937%
1033-100%
ussquoted
102-1024
100-100
0714-7734 10394-2007
23-6
123-1231
LONDON
No. 4 rubber per lb.
Dec.
Bpo rubber untaled
Blanket crepe
No 1 pale crept
The prices of spot and futures
30%-30%
19
1002
37%
ጓዘ
No Ass spot
closed today as follows:
314-22
DOW
Settlement house termit
Dec.
18
Jan./Mor
11-3142
31 (8-14
48
Apr./June
71
July/Sept.
2011-2022
Colgate-Palinative Co Commercial Credit Commonwealth Elec. Consolidated Edben Continental On of Del.. Crane Co.
40
Oct/Dec.
2011-29
Dec
4011
448
Estate crepe thin
1276
thick
Crown Zollerbach
showed
Cuban Amer Sugar
The turn-about camo late in the session when word came of Chrysler Matchs meetagen send by Soviet Premier Bulgarin to Britalo, France, and Israel but texis were not im- mediately released.
Dow Chemicals
Dupont de Nemours
Closing
averages Industrials down 2.10 on UIC day, ralls down 0.27 and utilitran Kodak tles down 0.55, Of a tolni 1,358 lasues traded, 379 were higher, 519 lower.
to 2,210,000 2,290,000 yester.
Trading slipped
froms shares day.
Anti-Trust Action
In
the
After a mixed opening, the
Du Pont and General Motors world contract scored gaus up
weighed от the Industrial to 11 points, then eased slightly
average, dcelining as Market under realising sales. underlying firmness was coupled Supreme
munts with
the higher
spot market
ngaicst 112- from Europeon con-2 quiries sumers in the spol market.
Futures
Lund rupan
of numerous
Contract No. 1 (world)
the flag- Exchange this achter! tor
$480,000. Noon
WH 11236!
morning's
Mor Atay July Rent
1.7+
3.70
3.72
3.72
Spot-cent
Cuba:
put
3.03
Contact No.
5.74
4.72
8.75
3.79
Spot-deals ex-duty)
ib, c NY
5.77 United Prean,
DOCKS, ETC. 1421-K. Whart 145-140 Dock
242
Bepi Nov. 2025
700 431
Spot
Dec 240262235L) 240
Mai
May
Jub
Sept.
Corn, No. 2, yellow
Spot
Mharre
BANKS 2403
HK Bank 2436-*
Fast An 241- 2-229 SHIPPING Wheelock *4091
1301-137
1500 12 1075
!
Mor. May
143
115
0.60
1000 0.00!
July
2000 g 0.58
120
કું
Dee.
1381
Mar
Mar
July
140
Prov.
13.211 13.00
Sept.
1401
Ryo
LAND. ETC.
Doc.
Mnr.
184 154
XK Hotel
$4.40 14.0o
1 Land ..
DES
400
Oats
Realty
1.30
BOU 1.30
Dec
7034-35
Mor
0014-10
RUBBER
Soybeans, No. 2,
yellow
Amaig. XD 1.313
1.43 10,000 u
1.40
TruMi
1.03%
Spot
Nov.
UTILITIES
Jan.
27i•lh
Tran
Mar.
2000-22
Yaumati
May July
Burley,
Shot
New York flour
200 TB, ack
20
1200 NEW YORK METAL
FUTURES
New York, Nov. 15. Prices of metals closed today In cents per lb. as follows: 2340 Lend
500 @ 221
20.70 100 102 200115-1% Light (0) 23.10 2311⁄2 1000
C. Taght (N) 22,70 Klectric
Telephone
130-145n
13,40 United From.
WINNIPEG GRAIN PRICES
Winnipeg, Nov. 15, Prices of grain futures closed today in cents per bukhel að follows:
Onta
Der..
May
July
Dec.
July
160% + Conti:
Court heard អង
anti-trust action them. Du Pont lost to $184, General Motors 1 to $44% -
International Nickel, reflecting disappolimera over directors dividend decision, declined 2% $101.
Lukens continued to feature stein with a gain of $3 to $180 for a four-session rise of more than 20 points.
rust
Sugar getPrally were strong
54 to $113, American Holly Sugar to $23, Fajardo 1 to $154.
In
alls.
the International Royal Dutch closed with a loss of 1% to $90%, Gulf with n 3 dip to $1094. Domestle generally held small gains,
El Paso National Gas Erie Itailroad
Family Finance Corp Ford Motor General Electric General Foodn General Motors Gen. Pub. Utu. Getty Di Glidden Co.
Goodrich in F. Cả
Goodyear Tyre
Intake Mining Co. Ingersoll-Rand
Inland Steel Co. Interchemical Comp. Int'l Busino Machities
Int'l Harvester International Nickel international Paper
Int'l "TN) & TUI John-Manville Co.
Kankan C. Power & L Kennacott Copper Liggett Moyers Tob. Co. Lackheed Aircraft Loows Incomp
Lone Star Ceffient Co. Louisville & Nashville Lowensieth & Sons. Mezabl Iron Corp.
Minnesota Mining
Ission Development Monsanto Chemical Co. Montgomery Ward Motaruls Inc. National Dairy Prod. National Leat New York Centrni Otis Elevatom.... Owen-linols Glass
Pacific Gas & Elec. Pan American Airways Paroniount Pictures Parke Davis Co. Penny 3. C. Co. Philip Morris
Procter & Gamble Co. Pittsburgh Plate Glass Publieker Industries Pure Oil ......
oils
Tadio Corporation Republic Steel
Reynoldi. Motal
New York Stock Exchange Shell Oli Co.....
bond volume was $5,780,000.
Stock
Saint Reg. Paper Sinclair Si
Socony Mobil
Exchange South Puerto Rico Bugar volume was $10,000 shares.. Southern National Gar
Southern Hallway (Com.)
Standard Oil of NJ.
-489.20 i Sterling Drug Co.
188.73
Stokely-Van Camp.
1847 | Bludchaker-Packard Corp. 170:08 Awift & Co.
American
Dow-Jones
closing
averages Standard Brands
Standard Oil of Cat.
were:
Standard Ou of Ind.
Nov.
15,435
**
1000 30% 20% 2100 201
1650 30.76
(0) 23,70 23.90 800 $23.00 1800 23.00 (N) 2270 22,00 1319 & 22 30 INDUSTRIALS
Dec
15405
30 industrials
Titt
Zinc Copper. Nov.
Nov.
100.500
20 radia
Dec Nov. Dec.
206.Dub
10 lea
13.30b
da stocks
11.200
34,2310
24 100%
United Pre
37
700 € 37
100 14.40
100 14.50
Cement
30.79 Rope STORES, ETC. Dairy 2. 14.20 14
WATION A..... 1320 13,40
COTTONS
Texile
Non rang
INVESTMENTS
4.10 140
Exchange Rates
diadnous waUR unomelai
dono in the peal
Market
LONDON METAL
PRICES
Exnátha, Nov. 18. Prices of all closed today. In dierling year long ton as Zol.
40 bonde
Comm, future price index.. Comm. apot price index ... Moody's index
Closing Prices
Alden Ine. Aay, {Allied Chematomia
Amestom Cable a Radio Corp. Amertõen Cyânâmide. Ob. Am. Mach, Far
91.20 | Texas Co.
Tide Water Arm. Öll gen 168.48 | Twenty Century Fox - Filmi 423,40 | Unjon Carbide
13
Union Pacific Railway United Alront!
US, Fell "B"
US Opium
Rubber
US Smalunk
ỨS.. Blee
Warner Bros..
Wally shoune
3054 West Vay, Pulp & Paper
21
Wentworth
United Pr
NAMESAKES
Ocheral markets, cit bois, porta
3/1
May
Prices of futures closed today. as follows
Spot Der
Mar
*
34.600
34,20 นพ.ด
No holiday.
prieca
were
27.00
20.00
24.03
*.00
25.70
available.
In the US the average spol price was also unavaliable. Sales pt 13 markets totalled 83.890 bales.-United Press.
P.OB∙IEA
COMPANIES
PENINSULAR & ORIENTAL S.N, CO,
PASSENGER/FREIGHT SERVICE
30%-30%
Outwards
"CANTON" "CORFU”
unquoted -United Press
Singapore
Stock Market
Brokers
Singapore, Nov. 16.
Today quoted the following stock prices:
Opening
Daly, Lintand Rubber Co, Ltd. ́81.72° British Borneo Petroleum
04-
Smelters FITI
Frame & Neave La Ord 29/9 10136 Fruser & Neave L20
Lekyra London Due Hongkong
Saffed
In Port
10th December
Via Southampton, Colombo, Penang & Singapore.
Leaves Hongkong Due Fondan p. 10th November RELI
Homeward
"CANTON"
"COEFU"
December
TO BE 23rd December ADVISED LATER
Via Singapore, Penang & Colombo, FREIGHT SERVICE
»
"BURAT" "SUBAT"
the 17th Nov, from UK.
load 7th Dec.
*
*
70
014
Syndicate Consolidated
188
Ord,
*
J7
12 08
7497%
100%
eu pref........ 314 Gammons (Malaya) Limited
$4.00
$1.00
48% Hongkong & Shanghal Bank-
2011
ine Corp
$890
132
Hongkong TAN LI,
12
Hempan Ltd.
$2.05
53
Luas Rubber Exintes Ltd.
0,80
19
Maluyan Breweries
$3.00
New Serandah Rubber
Co.
B1.00
62% Isles Hotel
£2.00
Bu
Singapore Cold Storage
$1.001
33
South British Insurance
Lidl
41
Almit Trading
Siraits Steamship
$35.25
United Engineers Ord.
$8.00
Wearme Bron
$3.27
Lid.
Petaling Tin Ltd.
exdiv: curdiy-China Mell Special.
New York Foreign
Exchange
New York, Nov. 15. Closing rates were:
Canada
England 30-day
90-day
Belgium
Argentina
11.04
2.77-21/32 futures futures 2.70-21/32
2001 0300 **United Press,
London Foreign ́
Exchange
London, Nov, 15. Closing rates wereille
3,78)* -2,78-8/10 207
New York
Montreal Briti
Frankfurt
47
Mila Oalo 43 Parth Buttockholin
Other
11.7333-117135. 19.00-19.5
were unchanged.
afted
N.Y. COTTONSEED
OIL
#ew York Nov. 10,|| “Prices of cottonseed all futures closed today as follows pho
December,
March May are
DINAKIN, A Soliloqur,
October
for Singapore, P. Swet. terium, Haves, Loudon, Hambur Hotterdam, Grange-
Antwerp mouth
from D.K.
"BEILLONCY"dus 3th Jan.
from UK,
"PINJAKKA” due 7th Jan. "SUNDA" due 18th Jan. "BALMARA” due 20th Jan, "'SHILLONG"10×31 27th Jan.
from UK.
from U..
ter Singapore, P. Bwot- tenham, Havre, London, Hamburg,
Rotterdam, Antwerp 榴 Greoge mouth.
AIL VERSKLS OUTWARDS AND HOMEWARDS VIA SUZZ HAVE LIBENTY TO PROCEED CANAL, CAFE OF GOOD HOPE OB PANAMA CANAK, AT OWNERS OPTION.
BRITISH INDIA S.N. CO., LTD.
* 1850 — A HUNDRED YEARS OF SERVICE — 1958
"BANTHIA”
*
"ORMABA"
*
★
dus 23rd Nov. salle 24th Nov.
due int Doc. salla 3rd Dee.
from Japen for Singapore, Penang. Rangoon & Calcutta from Japan & Shanghai for Singapore, Penang. Rangoon, Calcutta, or Chitlaging
P. & Q./B. I. JOINT SERVICE
"ITOLA"
due 18th Nov, Jalla Zist Nov,
“IKAUNA"
due 23rd Nov. - walls 25th Nov. "ISMAILA" due 3rd Dec.
salle 5th Dec.
from Japan
for Singapore, Cochin, Bombay, Korachi, Khorramshahr, Darrah,
Kuwait - 12 labed from Karachi & Bombay for Japest
From Japan & Moti-
for Singapore, Bombay, "Harwoli, Bagrah, Khor-
ramatiahr Kuwek
Dubai
EASTERN & AUSTRALIAN 5.5. CO., LTD.
“EASTERN" dos 7th Dec, from," "Auštračku".
"NANKEN"
salle 8th Dec,
Jer Sandakan, Rabaul, Belebens, Bydney, Mei -bourne de ADEMÁIR
All vesisi: have Ehezky to ash at ang'; ports on or off the routa, de the routa) du, salling, ard, avhjäet to changể” or amendment with or without netics,
For full particulars apply MACKINNON MACKENZIE & CA DE HONG KONGY LED. Telephone Nos.
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