1956-12-07 — Page 9

TRADE

THE CHINA MAIL, FRIDAY, DECEMBER 7, 1956.

and

COMMERCE SECTION

WORLD New York

Page

Cotton

SHARES MAKE NEW GAINS RUBBER Futures In

$34 Million Rise

On The

Week

TURNOVERS UP

on

By A SPECIAL CORRESPONDENT

RISES of more than five per cent were recorded the Stock Exchange this week adding more than $34 million to the fisted values of major shares.

The upswing continued from last week when there were signs of an improvement in the Middle East situation. Small-scale investment buying was reported then-and this week it mounted in volume taking the total to $4.765 million compared with $3.66 million the previous week.

should be Investiment shares The share tally by also better

andhowing Pains next week. Their with 17 higher, 10 stealy only one wer 1st work. 12 prifols have henented by the were tighter, 11 stendy und

* prices Jower.

The bed mise was

SM

*''W יי

Cim Aghats new drip out of; Wise clarks which gained

at this week valu el to $7

the quotation

the pornvent

One issue th

at the stivided i now quote!

divalenc

The Reason

further this week is urte doubtedly the British deebin to wi hdraw is temps can Egyp

T: PAMILY TU 18 improvement

Ds soon as possible

1 thought MI

closures

But her

Hy

15

Tuvetoys who expect wome! Roundaries in 1 next few days i

de telef of ire House

Share Prices

HOW

at their titghest level since

last month My

own

wever, is that the up-

continue after

, er tyeh]hwttl

slight chock for the rest of the

veir (all three weeks of th

1K Bank Lombard

1K Backs

Provident HK Hof

44m

14.20 01

MARKETS

New York, Dec. 0.

The No. 1 Ras rubber future closed today 10 points higher with sales of six contracts,

December

37.10

The rex contract closed 60 to 00 points lower with anics of 214 contracts.

затиату

March

May

September November

reported.

Slow Session

Cotton futures

New York, Dec. 6.

today registered minor

changes after see-sawing narrowly in another

to 10 points. The market open- New 4 to off 5 points. And up

Orleans closed unchanged to all

290,000

67,000 1,211,000 bele

NEW YORK

* The Share Market At A Glance ★

Up or

Nov 8

1010

Nav 15 1395

Nov 22 1564

Nov 28 1600

Deo G

down

1500

steady

42n

431

43

43a

42=

simady

37.20

Union

Dpab

0679

907

0650

--$24

37.10

slow session.

30.09

Underwritera

8.8011

8.800

8.80n

9.80n

6.800

steady

July

38.20

Business was mostly of pro- Mareu

Ualon What

28.500

22.50

33.5011

23.50%

23.40%

Wheelceks

6.70

6.55

0.80

6.55

1

HX Whart

000

B8b

89b

01

01440

~ +150

slcady

23.70

fessional origin, involving sy

May

44n

445

45

+31

+190

January

34,00

ching and

transferring among

July

14.000 [7,800 11,700

371,000

109,200

October

10,000

151,000

Standard

points higher

contract

with

closed 10

no

13.60

13.804

13.50m

13b

13.70

+100

salca

trade interests, New Orleans and local operators.

December

4,300

B-4,500

March

2,000 10,500

14.80

14.40

1/ 50

15

+100

Closing prices ruted off

May

1,000

6.000

one

Total

December

37.10

03

0134

011

€12

+91

March

37.10

19.10

10.10n

192

15.8021

18.8011

steady

33 45

1.35b

1.35

1.25b

1.326

1.375

+-50

July

33.20

September

HK Tram

22

22.50

22.600

23.50

+900

Nuvember

35.10 13.30

12 points.

Mar Ferry

141N

14ĺn

143x

altady

January

You puttis

104

100

101

105

+1

23.00

23.20

23.29

23.80

#xel

31

30

701;

304;

32

24.40

248

3230

+$1

38

30%

30m

37

+32

14.70

44.10

13.40

14.20

+100

13.00

13.20

11.201

13.209

+400

Jane Crawford

29.40

20.400

20.40

29.40

20.4011

steady

inilig Alcron

re- consumern

Yangler?

IN

3.80

5.80m

6.70

5.85

+150

portedly booked

Allied

4.90b

6%

4.95n

5.055

4.05m

stendy

umnage.

HK & IT Ins

10.400

Texille Corp

4.10b

10.10% 4.10n

10%

10n

101

steady

7.60%

7,503

1.05M 7.40%

4

4.40

+40c

7.605

7,30m

steady

Haumereys HK Realty

Ch Lights

Fleettie

IK Telephone

G.I. Cement

Dairy Farm

A.S. Walsen

Nanyang

1395

22.40

141n

21.00

24.00

39

15.30 13,60

14.40

+3134

T

Rails And Steels London Stocks

Pace Stocks

Diary Of The Week On Wall Street

Here i dinay of the week

stt. the 011

reotiomi situation earlier this week would dampen the London market, but | Friday: prices continued until prot-faking st

fr

"5*

pre

F

Brokers believe the Hongkone | marke will follow a suulor pattern.

TT has had a net full of kane ¦ een's on the week, closing

$6 31 buyers, It has nson slight- ly in the last two days from a 11: low of $0.28 fl this b affected the share market where

has, if anything. volume creased rhd prices have inde further guins.

More Cheerful

11-

Here a un House Street week's business?

authoritative report un

re

The

"With an easing of tension in the Middle East, Ihr Neck Market took on a more cheer.

ful appearaner last week and

close, by the

had made

share

values useful recovery

In most sectioun.

**The improved sentiment

led to better enquiry with au increase in turnover by an proximately $1,000,000.

"Under

Uities.

advance,

the kilvency of which led the Interest spread and

A number of counters, which have been depressed for some tine now on account

Meridas

Tuesday:

Most Mocka marked up. T/O: $740,000 Market

New York, Dec. 6.

- An

advance

In Routine Advance

London, Dec. 6. Stocks scored a routine advance in moderate trading on the London Exchange today.

The rise apparently wwe based on the idea that inflation

Rails and steels paced the market today in its ruled fifth straight session of gain

brought to more than 7 billion the total improve. continue unchecked for at ment in values on the current recovery.

ins

atly w111 # Tow fractionat TO $785.000. Further Improve- foll wine 772211 rises in London and New York. Interest well spread,

T/CH $910,000. Wednesday: Market made fur

ther slight Leri- Ther

T/U: provement.

Ratheredi further momentum

teal- and is early

prices con- ingr Unued to advance. Light-scale profit taking ahsorbed. TO: $1,070,000.

Thursday:

$660,000.

Market

HONGKONG STOCK

EXCHANGE

(From Our Correspondent)

Business dune on the long- Stuck Exchange this

to

the of situation. international

Look improved kong advantage

the of trend to tack on useful gains of approximately 5 per cent."

Blue Chip were the best

of the week. gainers

Trans $23.50.

tacked on 90 cents to Yayınalı Ferries, 3 to $105. their China Lights recovered dividend to also by $1 to $24, Electrics nd:led $1.23 to $32 and Telephone. $1 to $24.90.

Cements' Rise

Cements

$2 to $39. Jumped Dairy Farms niso made a good! guin cf 90 cents to $15.30 and Watsons were 40 cents higher ni $13.60.

morning #mounted

ap- proximately $770,000. Noon quotationS and the morning's transactions:

Share1

Buyer Sellers

Sales

800 1360

BANKS ICK Bank Fast Apa

INSURANCES Us

SHIPPING Whitelock

243

35

101 11 80 1.10 2500 m

$2

4412 4519 500 a 45

(0 13 15.80

DOCKS, ETC. K. Wharf Dock Prov. LAND. ETC. HK Hotel.. have been | K. Lond qull for weeks, added 40 cents Menity ...

Textiles, which

to $4.40,

All whari

RUDDEN Alberg.

Trust

shares und dock

did well this week, Wharves are

60 cents higher at $9144 buyem, UTILITIES Docks are a dollar better at $48 ) kimni and China Providents,

Another Star

share which Las been in the Light (0) doldrums, added 70 centa to $13.70.

:

Lockleed Alferati

The gain for ruik--amounting | Int'l Havater

International Nichel to 404 14ints in their averagent) Tel & Tel was the best vince May 29 and. Kanas C Power & Light second! x. of the rear The fail Kennecott Copper rise was keyed to 0

Specific town Incorp news and analysts saw it large- ly as a technical move-overdue

in in view of the gain trials.

Indus-

Industrials

up another weni

their average, 4.19 points in boosting their five-session gain over 20 points, Ullites elmbed

0.08.

The

whead

tane Blar Comment Co. Montgomery Ward

National Cash Reg. "A" National Lend

New York Central

Olin Mathieson Ous Elevators

helle Gat & Elec

Pan American Airways Paramount Pictures Parke Davis Co.

Penn. Salt Co.

Radio Corporation. Republic Bleri Sinclair 011

noved market against a background of upti-Socony Mobilon

istle business news.

least several months.

and up 7 shillings on the day. 1271 Suez Canal gained 1/3 sterling.

54% British Governments were

צר AM

the

New speculative interest con- to be discouraged by tinued uncertainties over expected new farin legislation when Congress reconvenes and the probable loan rate for the next crop.

Speculative and trade liquida- lic with

lower London robles upset the situation in the

market. terminal

Overnight aubeldence of the factory buying Was under way lair Wednesday additionally discouraging. Severni impoundings suggested to some

The third week of small toan

Prices of futures closed today as follows:

Spot .... December

March

May July

as follows:

Spot

Deceraber

VOTIC

24.21

31.08-99 33.86-87

33.ba

37.82

282

31.70

October

Doormber

March

May

nol

NEW ORLEANS

Prices of futures closed today

33.60

34.23

$3.99

83.80

23.62

*27.03

22.84

34.80

Future closings, in pence per

sellers that programme is "good-sized" tightening up the "free" supply as rapidly as anticipated earlier in the season,

for the week Loun entries

80 totalled ended November 224,049 bales agains! 232,932 beles in the preceding week. Net stock of 1988 crop cotton under joan

totalled 2,073,$70 beles, plus 8,030,720 bales held under the 1855 loan programme.

then withdrew. Denters suld Consumerk Evidently returned to the long- one day of Bonding pattern of good

business-then 1 long perlod of disin'erest,'

The lower futures trend also developed tace of higher and fewer shipment offerings from The Far East,

The

Mason

Traders showed little interest automobile Industry

in the Government's final crop president predteted car sales

to be crumate of the next year shoul! rise about 10

published on Monday. per cent to make it the second

1 Has Open December contracts to- beat year ever. Spot No.

The dav totalled 41,000 bales. n1 37 was quoted nominally

certificated stock remiined of cents.

3,019 bales. Month December

SINGAPORE

The market opened quiet in light trading but cased sharply before noon.

The December short-covering whereen tomorrow is the inst trading day was one of the atures in the market. Futures:

rubber

ib.

11035-115

per

לו

Volenie Open Interest

41,500 8,300

March

July

May

October

December March

MAY

LIVERPOOL

Ib. were as follows: Old contract Deo/Jan.

Mor/Apr.

May/June

23.50

July/Aug

£22.00

Oct/Nov

Now contrwot Dec/Jan.

Diar./Apr.

May/Jumo

July/Aug.

Out/Nor

Egyptian Kamnak Nov/Dec.

P.O B⋅I

20.80

20.40

96.12

80.00

-United Press.

E&A

COMPANIES

PENINSULAR & ORIENTAL.S.N, CO.

PASSENGER/FREIGHT SERVICE

No.

1

Dec.

38

30%

Chuins la the Industriais ran

No to six pence, Oils were strong with Royal Dutch up sterling NO. 3

active and British Petroleum

Jan.

Dec.

Dec.

рет

rubber per is. rubber per

per lb.

3712

Dec.

Bpc rubber unbaled"

11246-11214 unquoted

111-1113}

10816-100%

10416-10954 310-11895

Blanket crepe

93-43

113

(0% neglected and closed

virtually

No. 1 pain crepe

59

unchanged.

LONDON

487%

German and Japanez bonde

2114

were irregular,

The

market Was

30

54%

quietly with spot quoted at

4211

polata

with International | 82-9/10 penco.

price

Outwards "CORFU”

Leaves LoZİĞER

Des Bangkong

Sefflement "house" term:

17 3316-329%

"CHUBAN"

Sailed 17th December

19th Drownene 2nd February

Jan.

12th January

Feb.

2231-3235-

Jan/Diar.

Ape/June

Oct/Dec

315-317 31-3114.

Στο Jan.

Dollar stocks can up several steady

40% Nickel featuring on its 14] increase, jumping from $197 to 205 $207.United Press.

New York Sugar Market

New York, Dec. 6.

General morketa, eif bakis, port:

sugar futuros Estate crepe Dec. unchanged to 2 points

Steep Rock (Troutoex } Standard Brand

Standart? Où of Cal.

494%

Standard (I of Ind. Standard I of NJ Studebaker-Packard Cha Swift & Co

03

50

World No.

closed

4*4h.ber with

Di

110

contracts.

319

Bethlehem Strel, up nearly fi Youngstown Sheet joints, und

nd Tube 0.ohis higher on the day, featured a strong steel Just. US Steel Improved truc - tionally in the day's most active turnover. topped In activityUnited Airerafi only by Union Pactfr.

Sharp Rise

The latter climbed nearly 3 points to lend the rails in their sharp rise. Illinols Central, Kansas City. Southern, NY Cea- tral, South Pacile added around 2 points and point gains were

DALLIMESTONES,

Chemicals met demand with Du Pont an Dow up over a

Union

and point,

Carbide United Carbon

up around 3 Di ch.

There throughout

were strong spola Standard the list. Oil of California rose nearly 2 points in a somewhat easier oil lat. Magmo Copper and Cerro added more than a point in the coppers.

International olls were pared by profit-taking and Interna tional Nickel lost 2 points on realising after its sharp gain yesterday on its price Increase.

Volume picked up to 2,470,000 shares from 2,360,000 yesterday. total 1,100 latues traded, of 525 were higher, 420 lower, 248 1.03 unchanged with 20 at new highs, 100 now lows,

18 10,20 1000 or 13

5809 v 15.10 012 02 2000 or 02

140

1.85 1876 13,000

1.19

1,90

1000 or 1.0714

23.20 23.70 2000 @ 231

141

Ferry

Yaurala

104 100 XO 23.80 Electric 3470 Telephone

(0) 14.00 (N) 1310 INDUSTRIALS

12, 1000

25 1200 @ 14.30

Hope WLURES, ETC.

301% 12.00 13.50

Reports from Canton of lig trade deals beween Hongkong traders and Chinese officials ni the Exhibition of Chinese Ex-Cement

port Commodities did not affect

American Stock sales totalled B50,000 shares and bond volume was $8,000,000.

Closing Prices

Allied Chereldels

Allis Chalmers ...

Amer. Forgh. Power American Metal

30 1000 @ 39.78 | American `Bmaiting

dock shares here. As one busie: Dairy B 13.10 19.30 300 @ 18.30

nessman pointed out,

much of

any Watson

this trade will not come where near the Colony, but will COTTONS go direct from Toku Bar .and Shanghai to various parts of the Nangang world. Much trade was done on Japanese end Indeesian account.

Wheelocks Move Up

Hongkong Banks have lapt fairly steady this week and may Be expected to pick up a lillia But I the London recovery con- tinues, Union Insurance was the

American Tel. & Tal American Tab, "g" Anscorde Copper....

$94

| Texas Co.

Union Carbide

Union Parife Railway

US CypruÁTI

PS Rubber

18 Sultinat US Steel Wanier Bros. Westinghouse Electric Woolworth

4

sales

ut 342

Domestic No 6 sugar futures 30% closed i point lower le 1 point with males of 87 comtructs.

37 din

4746

22% generally

2002

active

Jan.

4019

thick Jan.

AMSTERDAM

401

サ

The market was easy. Prices cloacd today in guilders per kilogram, cif Dee. as follows:

3 10 truyor

less was Jus traders awaited | No, i rubber

further raw market develop- 031 ments. 44% -United Press.

Singapore

Stock Market

Singapore, Dec. 7. Brokers today quoted the fol- lowing stock prices: Batu Lintang Rubber

the

domestic contract, traders also hesitated pending announcement of the initial 1937 quota, expected later this month. Futures:

Contract No. 4 (world)

Mar.

No. 1 rubber

No. 3 rubber

to crepe

3.00 nm.

31.01

3.70

United Prem.

LONDON METAL

PRICES

London, Dec. 6.

Prices of metals closed today

in sterling per long ton as fof- lows

May

4.18

July

4.74

Sept.

4.77

Mar, 37

131

Spot(cenia

16 ch

Cuba)

4.70

Contract No. 6

Buyer Seller

Tin apot

13

Opening

Co,

Lia.

Consolidated Tin Smolters

Ord.

British Borneo Petroleum

Syndicate

#1.77

400<

29x

Mar. May July Sept

3,00

3-month

673

д

4.81

6.05

Copper spot

27315.

4-month

270

Spot-cents per i. et NY

ex-duty)

1.80

Lead 1st half Dec.

1131

0,93 -United Press

MRT. Zine Ist half Doc.

Mar

11834 11434 115 2014 10155

073 United Press.

Finser Neave Ltd Ord. 11.22 Fraser & Neave 7 cum.

# pref Gammons (Malayo) Limited sa Hongkong & Shanghat Bank-

ing Corp. Hongkong Tin Ltd.

Kompas Ltd.

Lunas Rubber Estates Lid.. Malayan Breweries Now Serandah Rubber Co.

Lid.. Petaling Tin Ltd Rames Hotel Bouth Dritish Insuranco Co Singapore Cold Storage

Lid.

Straits Trading

Bits Sicamship

United Engineori Ord. Wearne Bro,

⚫cumdiy texdiy, Special,

London Foreign Exchange

London, Dec. 5.

Closing rates were:

42.20

$3.85*

New York

Montreal

32.331

Copenhagen

$1.501

Frankfurt

Milen

32350

$14.79

Steckborm

$0.50

242421

Met wert

China Mall | Prem.

WINNIPEG GRAIN

PRICES

Winnipeg, Dec, 0.

Prices of grain, futures' aloend today in cents per bushel na 1614 jowa:

1000 10.30

13,40 13,00

4.30

| Armao Btool

Artnour....KANA Faltumor de Ohio. isenguat Com, Bethlehem Stiel

en

Date

Canadian Prode. R

Deo.

INVESTY

Canes Mannst.

Bask

May

$80

2000 2 8.85] Chryalar: Moves

Fu

Colgate Palmolive Co. Copasildawa zazon Crown Elleebaan Cuban Amer. Sugar Dabort de Nemorand

July

Bariny

Exchange Rates and all

Bustine Was done in the/2opal | Imani Rosar unchidal exclango morning at the following rates:** 1.3. dolara (per, 01) Mariing snotés ((par e Australlen neies (per dH Indonesia

CONT,100):

traits)

only; share to show a ton on the | siam Uười wend and that was, fractional. Singapore

May

14412 ou

2.764-2.78 5/10

2016-2017

13045-130.87

1930-1930

13.71-11.713

1735-1750

19.03-10.931,

$13.09316

14.142-14.4374

-12.543-12-435

unchanged United

New York Foreign||

Exchange

Now. York, Dec. 0: Closing rates were:

·Canada. „KĀL England uneffield

30-day · futures 90-day futures

New Sealen South Africa

2.0414.

9.503141

02001

NEW YORK METAL FUTURES

New York, Dec. 6.

Prices of metal futures closed Today in cents per lb. as follows:

Lood December

January December

January

Zine December

Jarwaazyy CopperDecember

January

15.500

15.40

•

"CANTON"

22nd February

Via Southampton, Colombo, Penang à Singapore.

Homewarda

"OORFU"

Leaves Hongkong Due London

ird December

1st FebruNTY

Advised Later

"CHUBAN" "CANTON" "CORFU”

18th FebruRTY

20th February

413 April

Via Singapors, Priang à Colombo,

FREICHT SERVICE

loada 13th Dec, tor Singapore, P, Swet- tenham, Havre, Londen, Hamburg. Rotterdam, Antwerp

mouth

**BURAT**

5th Jan.

from UK.

from UK.

7th Jan.

dun 10 Jan.

"BHILLONG"dus "PINJARRA"dus "SUNDA" "BALMABA” due 20th Jan, "SHILLONG”londs 27th Jan.

from U..

from UK.

Girenge

fur Bingapore, P, Bwet- tenham, Havre, London,

Hotterdam, Hamburg,

Grange

Antwerp mouth

&

ALL, VESSELS OUTWARDE AND HOMEWARDS WILL FROUSED BY THE CAPE OF GOOD DOPE UNTIL FURTHER NOTIER.

BRITISH INDIA S.N, CO., LTD.. 1896 ---- A HUNDRED YEARS OF SERVICE ** 1968.

trom Singapore, Feneng. "BANGOLA” due 18th Dec.

Rangoon & Calloutie salla 18th Dec. *for Capezi

4th Jan “SANGOLA" due

salis 5th Jati,

from Tapan

for Singapore, Penang. Flashtood & Celestin

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

dag 20th Dec, "ITRIA"

salis 22nd Dec.

“IKAUNA" dur 3rd Jua, sails 5th Jan.

109.50b

101.00b 13.45b

13.30b:

"ITRIA"

31.000

sails 77th Jma.

United Prem

CHICAGO LARD FUTURES

Chicago, Deo 0. Prices of lard futures cloneck Today in conta per ib. ns follows: December January March May July

1.15

14.10-10

United

trem Karachi & Bombiy 101 JADA

from Japan

for Singapore, Bombay

Karachi

from Japan

for Bingapore, Bombay, Karachi, Bertan, Kuwait

EASTERN & AUSTRALIAN 5.5. CO., LTD.

"EASTERN" doe "NANKIN"

8th Der.

Balls 18th Dec

"from"Rastinita m

for dandakan.nabrut Brisbase, Bydney, Mes- bourne à Aicisidən

All vastela havo Uberty" to call at any, porta on or aft' the toute de tie zouts a sailing, kis subliet to change or amendment with or without, matice.

LONDON SILVER

PRICES

NAMESAKES

Angère - 1 : Marriage,

Hakkie, 2 Revoltion, 4.Triknon,

5. Bread. 5. Austria, Bourbon

She prior of silver was quoted 8 Challotine, Louir,; 10. Var today bất: 80MUSUperion" for spot | sailles, 1% France, 12 Exention. andić 80 4,7 puARI, EREN GORWArd: 18 Ariminuity 14 - Aperemeest, (18 Thankourt 81.5 and 80% pence Palice, yesterday) anUnited Press,

Alecie Antointiin

For full particulies apply to: MACKINNON, MACKENZIE & CO. OF HONG KONG LID Telophone Nos: 27721 4.