1956-11-30 — Page 9

TRADE

THE CHINA MAIL, FRIDAY, NOVEMBER 30, 1956.

and

COMMERCE

RISE IN SHARE PRICES

Low Yields, Fall In T/T

Attract Buyers

By A SPECIAL CORRESPONDENT

IK Banks

Lombard

Union

Underwriters

Union W boat

Wheelocks

IK Whart

Provident

JK

500

13.500 S230 13%

141m 100

26 80።

1.323

A

*22.00b 1411

200

+7366

SECTION

WORLD

RUBBER MARKETS

New York, Nov, 29.

The No. 1 Res rabber future contact today closca 60 points lower with sales of 33 contracts.

December

30.00

The rex contract closed 05 to 10 points lower with sales of two contracts.

30.75

2.75

30 40

New York Cotton Futures In Narrow Range

New York, Nov. 20,

Cotton futures today see sawed narrowly, in quiet dealings, hovering close to the previous dige most of the time.

Closing prices ruled lower to one point higher. The micket opened off 3 to 10 points, New Orlowfin closed off dhè to 12

poing-up

operations in 38.00 December provided the main

months. December covering, In, the con- absence of delivery no sales notices, was supplied by trade

November

January

March

Aday

July

30.00

★ The Share Market At A Glance ★

Up or

Nov 1

Nov 8

Nov 18

1020

1810

1595

Nov 23 1566

down

$15

080

990b

430 980nxd

480

steady

1874

steady

1.300

8.801

8:001:

9.80n

steady

23.50m

23.500

$3.500

$23.800

6.85

4.70

0.35

0.80

901

ARD

* Docks HK

44

440

140

13.802

13.00

13.80%

HK Hotels

14.40xri

14.80

14.40

Ik Lands

8144

03

8144

Beptember

Humphrey,

19.30

19.10a

19.10%

November

26.20 interest

1.35mxd 1.356

1.34

•

Standard contract closed

65 10 | tinued

HK Trane

238

28

22.50

142n

1390

1918

steady

80 points lower with

102m

104

B04

101

+8

reported).

23.70

23.90

23.20

23.20

23.80

+600

28

29.60%

22.80

22.00

23.40

300

3014

31

8D

об

30%

23.00

24.40

21.

23.60

30%

May

23.90

+400

July

36*4

304

3031

37

મ

Beptember

+230

14.30

14.70

14.10

14.20

14.40

+200

November

January

A.B. Waison

12.80

13.00

19.20

13.201

13.202

steady

Lane Crawford

20.40

29.40

29.400

20.40

29.40

steady

are

Yangtze

0.051

મ

5.80

5.800

3.70

-100

Allied

fin

4.906

4.95n

0.036

steady

RIK & FE Inv

10.40n

10.40n

10.10%

10%

10%

stendy

4.18

7.50n

4.30b 7.50%

4,10n

4.05n

4

7.50%

7.50%

7.50%

There was a marked overall improve- ment in prices on the share market this week. A small-scale resumption of invest- ment buying began yesterday.

Turnover is slightly higher at $3.66 million against $3.229 million last week. And the share tally is 12 higher, 11 steady and six lower against 12 steady, nine down and eight up last week.

Oul

on

11

Brokers drew attention in this continue dull with few excop- column last Friday to the Lions itke Lauls, Cements, Dairy

i parent flattening

the Farms aud Hotels which downward curve of prices. The anter a cloud at the moment, upewing began

Monday. Whieves have elimbed $2 on sharpened on Tuesday, paused the week to 801.

Wednesday and turnert up: agath yesterday.

од

Brokers niso mentione 1 Jost week the casing of T/T on the

Shanghai Shares Rise

Brere Siret

that Count Jatement mtube by Mr Chou

gold market. It lost only couple of points inst Thursday En-la) encher this week sparked but in the week has fallen 13 interest 12 a

of the rents to $0.37 n Inst night't. | mun ket fint has been very, voy close

chill for years

Brokers believe that business M: Chon was reported to have loat on the gold mterket

was minele The Statement in Pnom gained by the Stock Exchange Prah, Capital of Cambodia. He

hare

Chiang market, invited General

Kai- Prezent, shak to return to Peklog and

ntwo nccept a high government post.

ex-

turnover suggests this.

Yesterday's

share

yleidz possibly asastest this switch.

what pros-

Shangh shares Before dealing with a few poetantly—though

I shares in greater detall here is prettes buyers were expreting is an authoritative lee House Sireet dieud account of the week's trading

know Anyway t Nationalist offeral has dashed nny hopes theme people might Chlong has decked

"In spite of the rehtinend - Pave had certainty In the International political situatien, the Hongkong Stock market has displaye i marked degree of steadiness throughout the past week.

"In fact, the majority of counters dealt in closed the Lionally nbove the previous week's levels and there was also slight Improvement in the week's turnover which amounted to $3,880,000.

Lands Liquidated

"Some Iquidation in HK Land

IIK Realty

Star Ferry

Yaumatin

Ch Lights (0)

Ch Lights (0) Electrio

BK Telephone G.. Cement Dairy Farm

Textile Corp Nanyang

-50 steady

WALL STREET New York Sugar

SURVIVES BIG TEST

New York, Nov. 29.

Stocks today were given a severe test which carried them to the critical levels of the year touched on three previous occasions.

to stay put on Formosa.

They met the test with flying Shanghai anal Hongkew colours and rallied smartly from closing wharves rose eight cents to 08 their tows with many buyers and Shonghaj Docks, 21⁄2 | lughet. |rents to $1.075 buyers. Shang-

As the market closed it re- hal Lands had the decency ceived its best news in many * drop one cent on the day.

123

four-tur-one split Rethik hem Sivel. That stock Diary Of The Week Mushid $169% rallied to close $47738 up in New York and then spurted to $778 on the west coast.

to

Here is a diary of the week: Friday: No change in prices.

TVO: $000,006, Prices well main- Vained. $040,000.

Monday:

theres was well absorbed with Tuesday:

the price talatained around 801 at which level the yield is not unattractive 01 approximately 8% per cent.

"There was also some demand for HK Banks around $1,500. HR Electrics were also quite active and well supported,

"Rubber shares, have been steadily marked up in sympathy with the advancing price of the raw material in Malaya which hus risen from M107 MI12 cents a lb."

10

Let's look at Wheelocks first. They seem to have had a poor share of the rinc Chin week. Bights have taken up most of the Interest but they fluished yester- any and brokem naw expect the limelight to turn back to the old shares.

Most Hold On

T/O:

Market movements

geared entirely

In

alis Cons, Mining Heldwin-Liina-kratki,

bemure & Chun Bendix Aviation Corp. Deci Cone,

bedienem vleri Loving Airplane

Borden (snej Cu were hurrigh nad Blechine

Canadian Pacille H.

Cat. Tractor

Celanese Corp.

technical Case (J. £.) Co. tu fuctors, The main theme was he ability of the list to en- counter support at the support. Financial Corp. levels of other declines earlier in the year.

Prices continue to show A slightly firmer tendency: The lows were toughtd late in T/O: $700,000,

the second hour and then came Wednesday: Quiet

conditions

a rally which taxed tickers in T/O: prevalled,

keep pace, A period of quiet $400,000.

sleadiness followed and then o Better enquiry.

new rise near closing, Market stendy. T/O: $1,200,000.

Thursday:

HONGKONG

STOCK EXCHANGE

Allied Chemicals

That one left the industrial everage at 460,62 up 0.52 point rails 180.44 of 0.71 and uillities 05.97 up 0.0. At the lows the industrial

average was at 480.41 und rails at 148.47,

Intra-day lows earlier this

for the industrials

were 403.89 on on Jan 23. Feb. 14,

453.8 May 28, and 463.83 on Oct. 1.

year 458.21

(From Our Correspondent) One broker made an interest-

Business done on the Hong-7 of ing discovery in connection with

Stock kong

Exchange this the sale of rights, That is that only 77.201 were sold during the morning amounted

mately $300,000.

month which means that about

Chrysler Mulois Link Mulya@nam

Market

New York, Nov. 29. World No. 4 sugar futures closed today 23 to 32 points lower with sales of 1,603 contracts.

December March

nearby

NEW ORLEANI

Prices di futurte ditand today

as follows:

accounts.

isboe

290 30

36.15

30.46 uncertainties 3460 Government loan 33.00

Observer attributed lack of concerted buying interes!

reliting

Decetyder

to

10

35.00 34.84

the Fate for the new crop and the expected in- froduction of new farm legisla- tion when Congress reconvencs in January.

develop-

July October December

March

LIVERPOOL

Future closings, în persen për

Terminal market observers regarded the trade as mostly of

Crop news, export speculative origin. Rallying ments, textile market news and b, were pe follows. after a steady opening, prices toan impounding drew fell back again in later dealings, more than passing notice.

little

with the market covering a Product entries into tonn range of around a cent a pound. for the work ended Nov, 29 Post-apering rallies pointed up totalled 292,932 bales. The net trade estimates indicating auto

**** mock of 1856 crop under loan production this week will reach Was 2,080,805 beles, plus a new peak for the year at 152,-

from the

Open Intereat

56,700

700 cars.

Old contract

Dec/Jan.

Mar/Apr.

May/Junio July/Aug. Oct/Nov.

New contract

SAO PAULO

Dec./Jan.

急

Mar/Apr.

May/June

3030

Operators reportedly 6,041.088 bales hold were buying London July/Sept.

1955 tom programme,

Volume and Oct/Dee against sales in the Dee. local market. Spot No. 1 Rs was quoted at 30 cents.

July/Aug.

Oct/Nov.

Egyptian Karnak Nov/Dec. 00:00

Month

1900

Mar.

21,500

370,000

May

31200

300,500

Future closings, in cruretros

July

17.200

160,400

per kilo were as follows:

Oct.

32.100

12,800

December

30.40

Dre

18.200

75,000

March

31.99

Mar

3,800

17.700

May

37,30

<123

May

3000

5,300

July

37 80

Total

1.0.100

1,211,400 bales,

October

NEW YORK

ungticted In the US the average price

00,338 bales-United PreBU,

SINGAPORE

The markol opened firm short covering due to announce- ment on stockpiling polley.

The market closed about two

Futures:

Domestic No. € sugar futures cent below best closed unchanged to 0 points higher with sales of 62 contracts.

After opening losses up to 53 points, the world contract re- gained part of the loss on trüde buying. But the overall price action was «tratie with advances meeting profit-taking. Realising ales were encouraged by reports that European buyers were still holding Off the market at current level,

40% resell these supplies to

No 1 rubber per ib. Dec. 110%-11074 Jan. 1-1115 Feb.

Nu, 2 rubber per ib. Dec. No. 3

No. 4

-

Spot rubber unbaled Blanket crepe

No. 1 pale crepe

LONDON

Prices of futures closed today was not available. Sales totalled as follows:

+

unquoted 110-111 10816-1001 104-108

175-1181

01-02

150-137

+

*

PO B⋅I

E&A

COMPANIES

PENINSULAR & ORIENTAL S.N. CO.

PASSENGER/FREIGHT SERVICE

Leaves London Dan Hongkong

Balled

19th December

27th December

2nd February

12th Janua

22nd FebruSIT

"CANTON"

Via Bouthampton, Calombo, Penang à Singapore.

American Metal Americom Smelting Arn. Bugur hef

20

101

Anerell Tel & Tel American TOL,

109

B

Anistonga Copper

Aruito Strei ALTIDUR

5414

20

101

*

64

19%

271

Dealers

buys 0745

1.

14.

un estimated 100,000 tona of ot Cuban raws, in anticipation Ba German tender scheduled for next month, have started

The market was steady with spot quoted at 1/10 higher of a penny to 33% pence. Prices:

No. 1 Ras spot understood Gorman | Sottlement house" termi but Importers who recently bought

0016-33%

Jam.

Feb.

3314-

Mar

Jun./Mar.

Apr./June

01

0% Europ. an

nations.

45%

126

10 other Ger- The man importers reportedly have resold some of this mugar to Holland and the United King- dom

Outwards

July/Sept.

Oot/Dec.

Feb.

General markets, cif basts, port

Dec. Jan.

"CORFU"

"OHUSAN"

Estate crepe thin Jan.

J

DH

21

Contract No. 4 (world)

Du

0190

March

4.72-74

120

May

4.70-71

014

July

4.70

September

4.70

2012

Märch

4.70

Spet-conta per lb. tob

'Cuba)

4.00

Contract No. 0

March

6.08

New York

May

4.08

Montreal

July

5.00

Amsterdam

September

Spot-(cents per ib, cil

NY exduty)

3.32

6.40

Brunnels

United Press.

Coigule-Fautulive Co. Cominercial Credit Commonwealth klec, Consoliakteu dison Courteneri Ou of Del crane Co.....

Grown petierbaun

Cuban Anior Bugar

Anasund Aukalı Dow Chemregis

Dupont go ema

zusunen Kodak

El Paso National Cus

rie Hallroad

Family Finance Corp. Ford Motor

General Electric"

| General Foods

Geneesi Mother Gin, Pub, Usil. Getty Ou Glidden Co. Goodrich (3.F.) Goodyear Tire Heyuon Chetnica) Mistake Ang Co. ingersoll-Rand

noel Co.

ALIMET GATENUcal Corp.

Int'l Business Blaurines in't Harvester

International Nickel Internationai, Kaper

n

ICHI | Jonn-Manvile <a

Kansas C. Fower & Light". vett Moyers Tob. Co.

Kennecutt Copper

Allted Chemical stood out in its section with a gain of 2% points, Lukens Steel closed B points above its low with a net gain of 2 points. American Tel. 6 Tel Shipbuilding lost 8 and regained of it. Chrysler turned al of nearly point into smal gain. to approx!- Royal Dutch closed more than Noon quota-2 points above its low with o moming's trans-

small not gain. Gulf Oil made up nearly all of a 1% point Buyer Sellon fales Fuse.

16TB

93 per cent of the shareholders tions and the

are taking up the new Issuc. This is a fairly high percentage by Hongkong standards,

One conclusion ib

itself is that most e

actions:

Bhates BANKS

suggests Whee

HK Bank INSURANCES Union

locks shareholders bove they

SHIPPING

0,00 0.10

*

totalled Sales for the day 2,440,000 shares, against 2,100,- 190735 000 shares In the previous 10 # 3711 aksion. The big second hour brought out a volume of

300 6.00 660,000 shares most for the

period since Oct. 31.

are on to a good thing, but since wheelock the rights price has dropped DOCKS, ETC. from $1.25 to $1.10 of last night's | K. Whirt - close on the comparatively few Dock transactions there is limited LAND, DIC interest outalde with the old HK Hotel 14.00–14.80 500 14.70 increased dividends for a long list

share at $0.55.

Prov

TIK Land..

0015

I don't know how widely this RUBBER

view is accepted.

If it is true, | Amale.

I find it hard to understand with | Trust

the share yielding over 11 per

cent and charter ships in good

demand everywhere.

Brokers fool, however,

ÜZYILIİTES

now the rights are out of the cut (0)

Yaumau

The market nored

good

news in the form of extra and

100 @ 14.00 of companies, a rise to a new

500 @ 61

1.36 1.30 20,000 1,30 high in automobile output, and sharp rise in a prediction for 3581814 8000 0 5:50 | soft cost production in the com-

102

4643 @ 1.BZIL

6000 1.8.20 Ing your

671,828

Locancer VÄLISEULE

Loews Incorp.

RT

478

New York Foreign

Exchange

New York, Nov. 29. Closing rates were:

10

laun Star Content Co. Luulavalo & žvashvilio It.

B

Canada

England tonicial)

+

LAWENÇOIn & Bonus Mosab Iron Corp, bunnesota Minue Mission Development Morento Chemical Co. Montgomery Ward Motorola Inc.

National Cash Reg. “A”

National Dry Prod.

National Load

National Bicol Corp. www New York Central Olin Mathieson Uus Eevators

wenslinais Class

Pacific Gea -Riso, Pan American Always

Paramount Pictures

Parke Davis Co. Penny J.C. Co.

Pern. Bat Co. Philip Morri

Proosor di Gamble Co. Pinaburgh Plate Chines 1,104 insuron traded, 208 | kublicher kidlatzsem

1000 1.874 advanced, 683 declined and 245

2000 1.625 closed uncharged,

Pure O ..................... Radio Corporation da Only two Republic bleel

issum managed to make new

Heynolda bresal

that Tham ...... 21,00

104 200 €

102 high for the year while 172 Bos Oil Co..... 400 23.10 touched net loss, 3673L

1200 315

way the share will improve. Next week's market will show Electric whether this is so,

Banks Still Weak

Banks are still wénk. Loin den rèzistera ere now down to £85%, 21, lower on the week. Lörnin, metër," Kdrly, siendinens, slipped back $0, and 1. hotics that in Singapore they are down FM18 on the week to MBIO. With the London market con tinuing work it is hard to shi a revival in the ShanKEA

Blue Chips have hit a good adjoining

whee Looking at the are panel: 1 trotted" that UP, 20 CUTIE, TREuurtak, 21. Both Taghts, Bo conie, Eletrics,

Abu Calaphonie kan detta

Telephone

INDUST

(0) 23.70 路

063

12.00

FTC

1970 12.10 2000 15

American

Block

Exchange sales, tolalled 1,120,000 shares.

New York Stock Exchange Bond volume was 60,920,000.

Dow-Jonica closing averages

were;

Sh industriais,

to lis

15 uulilas

45 stocks

49 bonds

10000) Comme spot brics index

Moody's index

Cobom, futura prier inäue

Exchange Rates

Closing Prices

Aldin The vene akna tume, local Alles macke this, PAfted

Amer

ADL

Bax Heg. Paper .... Basolair panason BoOony Mobilbil................ Bouthern National Gas

Bouth Puerto tico Bupat

buttesman Maatweg (Com)

Sleep Rock Torontoex.j standard ENCIM

standard Qu.02.ca. Slabdard Oil of Ind. standard_R_of_N.J.

460 catering-bruk Co. 100,44

MTAKALNAVMI Camp #studebaker-Packard Corp. 1005witt & Co. seen!

FOCO

„Tion Water, A968, ON

Twenty Century. Fox Film

* Union Certzain-

Union Pacino Railway

United Airgraft

3. Сураца

1.04-1/10

2.76-0/10

30-day futures 2.77-8/53 DO-DAY futures 2.75-11/10

Others were unchanged

-United PreRT.

thick unquoted.

London Foreign

Exchange

London, Nov, 29;

Closing rates were:

Copenhagen Frankfurt

Milan

Oslo

Parla

Stockholm

Homewards

"CORFU"

zird December

Leaves Hongkong Que London

dat

"CHUSAN” "CANTON"

18th February

26th February

February

To be Advised Latur

Yên Ylas por unas A GolorDe. FREIGHT SERVICE

for Singapore. P. Swet- tenham, Haver, Lendon, Hamburg.

Rotterdam, Створ

Antwerp

mouth

from V.K.

"SUBAT"

load irth, Dec.

2.78-2.78-5/16 2.00-3/16-2.00-3/10

1..607-10.61

139.629-139.65

10.30-19.354

*

+

1754-175435 19.9312-19.9335 B8296-00296 24.4135-2142

unchanged.—--

"SHILLONG"due Bih Jan. *PINJARKA” dur

7th Jan, *SUNDA" dae 10th Jan, "BALMARA” due 20th Jan, "SHILLONGzionds 27th Jan,

from UK.

11.7094-11,70

Lisbon was alone United Press.

NAMESAKES ·

Arawers; - 1

Pantagruel, 2 Gargantua, 3 Ribald, 4 Satire, 9 Tales, 6 France, 7 Wit. 8 Francols.

Robelala

(writer).

(French monk and

Oil Shares Lose

Badly In London

London, Nov. 29,

The stock market had a depressing day and *: showed a tendency to postpone whatever' was postponable until Selwyn Lloyd's statement in the **House of Commons today.

British Governments had few Egyptian

"B" (reportedly

buyers and drifted lower by nationalleed by the Egyptian. why, one-eighth sterling, Wer Loan tell Government) (fell 7: shillings "0- 14104 starting to 0814. The lowest pence, to a nominal price of 20

it has ever been except for shillings. both few mintiles this "thorning whe

hands

changed

at 681 sterling,

Canals Drop

Blue Chipa Among

ng the indus wells were moderately low atcept in the j'case,pi » Rol mls Royce up a hilling on bear

Bucz "Canal felt 2% Laterling

o 494 Sterling. Shell Transport fell 14 milligs and British Petrolcam 3 shiling

darn-of „Unallover Navamaters Bling and the 2 non-absented," 14.

Forelyn bonds woro-not con- picuously wanted. Glenmont, potash per cents fell 1 ster- Covering. There with some morning while the Dawes Loan

|fasuentett löst three/fourth mor bibetantial selling.

Vy which

terling cuctuated soos doi bat closed mentor and not-assented, fell

Japaneso 1930 "down" 4 chillings :3 bence at 177erling

Things t

"With Zoyal Dutch doWTEN |||||||#terling to 2012/awlingi Angon, United Press,

both

from U.M.

from UK

for Singapore, P. Swat-

tenham, Havre. London. Hamburg Rotterda Antwerp

29

Gmage-

ALL VESSELS OUTWARDS AND HOMEWARDS WILL PROCEED BY THE CAPS OF

HOPE UNTIL FURTHŻE NOTICE.

GOOD

BRITISH INDIA 5.N, CO., LTD.

1858 — A. HUNDRED TEARS OF BERVICE -- 1968

"ORMARA”

from Japan & Shanghai

Edelst Dec.

sad 3rd Deg.

.

"SANGOLA” due 12th Dec,

1

for Singapore

Rangoon, Calcutta chittagong

from Singapore, Penang, fangoon de Calcutta

malia '13th Dec. for Japan

P. & Q./B. 1, JOINT SERVICE

"ISMAILA” dos - lat Deo. from Japan de Knob

*TTRIA”

"IKAUNA"

EASTERN

#alls 3rd Dec.

de 20th Dec. 'sals 22nd DC,

Balla pih Jan.

kling

for Singapore, Bombay, Karachi, Baarah, Khor- ramstar

Dubai

from Karachi di Borodiny. for Japara

for Bingapore, Bombay & Karachi.

AUSTRALIAN 5.8. CO., LTD.

"EASTERN" du 8th Dec. “NANKIN"

from Austrália

för tandakan, Rabati,

bourne de crimina

All vemeta, hdva thefty to (5); no aby poëta ́om

· or off the route: Die rópte à baiting: Kés, ambject/

For full particulars upp';

MACKINKON. MACKENZH

OF HONG KONG LED Telephone Ros; zina.