TRADE
THE CHINA MAIL, FRIDAY, DECEMBER 14, 1956.
and
COMMERCE
SHARES DIP IN DULL
HK BANKS' GOOD RECOVERY
T/T DOWN AGAIN
By A SPECIAL CORRESPONDENT
SHARE prices drifted downwards
Stock
Exchange
on the following Hongkong light-senle liquidation and lack of interest. Banks, which have been on the downgrade for the last month, picked up $30 with the improvement in the London register shares.
It was one of the three gainers this week. Turnover amounted to $3.15 million against $4.765 million the previous week. Wednesday's half day was so dull that business could only reach $55,000.
HONGKONG STOCK EXCHANGE
(From Our Correspondant).
ken
Business done on the Hong
Bes
Stock Exchangy morning amoted to approx mately $230,000 Noom quote trons and the mining itions.
18-
Shares
Buyers Reliers
Sale
HANKS
JIK Bank
EST
15/0
Z+4
Kam Ana SEPPING Wheelock
Docks, BTC
ר :
540
K Wharf 901
52
Dock
Shai Duck
TOP 45
is
0 431+
INNO
LAND, ETC
HK Hotel > 20
1X Land
Itowy
RUBBER
A rl l 1
UTILITIES Train Younali
1:40
110
70613,20
150 1825
2010 201
101 103
0
231 270
32
Macro E
30
Il st L
Telephone
10) 240 2400
INT 23 40 2370
It difficult to give a reason 1 the dullness. It was re- phut Chinese banks were Medling flus week and other Loperators were ilquzkating to
make all purchases.
No Follow Through
Bere is an authoritative House Sircel RETOLINI of week's business;
Ice
"There was no real follow through น the previous week's improving trend lack of interest
MARKET
★ The Share Market At
HK. Dank
HK Really
A Glance ★
SECTION
WORLD New York Cotton
RUBBER
MARKETS
New York, Dee, 13. The No. 1 Res rubber futures contract elbɛed today 40 points brigher with sales of one con- troot,
December
33,00
The rex continet closed 35 to 50 points higher with sales of 170 contracts.
January
March
July
September
November
Immary
Up or
Nov 14
1503
Nov 83 1305
Nov 29 1560
Dea $ 1860
Deo 13
down
1690
+$80
Lombard
430
48
480
420
401
Union
980nd
00734
8074
985
950
-$15
Underwriters
Union W'boat
8,500 23.501
8.000
8.5011
6.Ion
B.BON
steady
23.10n
Wheelocks
6.55
6.30
23,80n 0.55
23.10%
28.20
T
6.00
10
AK Wharr
88b
91
014b
91m
HK Hocke
449
Tim
45
48
steady
Provident
13.809
13.30
13b
HK Hotels
14.40
14.80
14.70
13.70 15
11802
sleady
Moy
IK Lands
81%
6134
61
14.80 GE
Humphreys
19.1on
1
18.89u
18,801
19.80
steady
1.35
1.88b
1.328
*1.375
1.375m
steady
ИК Тат
22.50
38.40
28.600
88.80
33.10
-400
Near Ferry
1410
14in
14in
141
140x
sicady
Yaumada
2014
100
101
ios
103
Ch Lights
23.20
23.20
28.39
24x1
35.60
100
30
30
3192
250
23
22.80
23.80
24.90
361⁄2
384m
37
29
3914*
24.50m
-400
14.10
14.20
14.40
13.50
15.10
-200
13.20
18.201
13.20
13.60
13.00n
steady
20.400
29.40
29.10
29.400
29.40n
steady
5.80
5.8011
5.70
5.55
6,90n
5%
4.951
5.055
4.95n
10.10
10%
100
100
10%
4.10m
7.508
4.05a 7.50%
4
4.40
4.40m
■icady steady steady
7.50%
7.80m
7.256
+50
Electric
BK Telephone G.I. Cement
Dairy Farm
A.S. Watson
Lane Crawford
Vanglaze
Ailled
JIK & FE Inv
Toxille torp Nanyang
CHICAGO GRAIN Wall Street Shows
And the
Mes!
during latter half of the week found
frac prices lending to drift tionally lower In duil trading conditions with the exception of HK Banks. "These shares were marked
up
in sympathy with the improvement recently shown in the London register sharts, **Lones generally, have been only small but there was a substantial decrease on the
MARKET
Kre
Chicago, Dec. 13.
futures cloned of Trade lower on the Board today, with the exerptions be- ing Decunder oals, and May, July and September wheat.
Shortly ulter mid-day, both wheat and cats rullied to sell above the previous close, mainly an evictimission house buying.
Timlets believe that 1957 turnover which amounted to higher soll bank payments will
help stabilise the market some exteni.
thint Exporters
*3.448.008."
stic
were
10
10
India
On the week, eleven were reported steady, 14 Blower and three tiigher. Last purrhard on additional amount week's tally was 17 higher, of US Puclite Coast white wheat, bringing the total purchase by Isteady and one lower.
that
country during the past two days to more han 3,000,000 bushels
T/T's Sharp Fall
have
T/T has taken another sharp aur 104 full from $0.31 buyers to $0.12.5
One would 18 yesterday.
imagined that speculators would the have been inore active on share market as a result of this but only on one day has the
100 20 00 turnover exceeded $1 million.
123,50
DDR
280
Cement
37
30
Herpe
12 00
STORES E
Dairy
Wat
ואן 4!
13.20
13 14
13 40
JIMI
4
40
COTTONS
Trxites
INVESTMENTS
Samplace
which Is 3400 affected by He London register
Wheat closed off 1/2 to up 1/2 cent; soybeans off 3% cents to up is cents.
Prices per bushel in ernts; Wheat No. 2, red
Spot Dec. 243
Mar
May
July
Hept
243
233) 240
230- 2351-42
Corn, No. 2, scllow
ไป
another
Despite
rise in Banks, the
This Unions have dropped $15.
. share
Sput
じゃぐ
Mui
May
Twin
I see London Unions are down to £07-1 down on the Dicembur 3 rate.
July
Пус
Der
Mu
Blue Chip
section
Daly
Dee
bi
Soybeans, No. 2, yellow
Spot
J
old
MAL
Juty
tn
Sept. Barley, Sput
12316-1
240
11843
14276 142
Brisk Recovery
New York, Dec. 13.
30.40-60
30.10
30.03-10
23.03
33.23
38.76
મમ
Standard contracts closed 39 to 50 pouts higher with
sales reported.
December
March
May
July
September November January
no
13.00
36.40
30.05
30,05
33.23
,
34.73 34.25
Futures
Irregular
Turn
New York, Dec. 13.
Cotton futures today turned irregular and
Closing prices ruied 8 higher
to 3 points lower. The market opened up 2 la 6 poinla, New Orleans closer up i to off 2 points.
rate the
31,70 expire
33.98
33,07
quiet after a steady start.
Spot
Dec.
Мог.
May
July
Oct.
Dec
MAI'.
May
32.07
NEW ORLEANS
Prices of futures closed today
as follows;
Spot
33.50
INC.
expired
Mar.
53.97
May
July
Det.
Dec.
Mar
May
of loon A slackening entries,
plus
prolonged period of dullness in the textile market, and uncertainties about fuburo farm legislation, all com- bined
new market to prompt interest,
Nearby deliveries held rela- tively steady up a routine trade demond and shipper covering export commitments, against However, overhanging offerings and through spot interests in March around the 34 cent limited the rallies.
Speculative covering dealer buying on the terminal morkel reflected the higher London-Singapore cables and a
Producer loan entries for the marked revival of factory and
week ended December 7 totalled other consumer interest in the 194,034 bales compared with local
spot market, plus con-
entered on tho 224,949 baies Unued high shipment offert precoding week. The not stock from the Far East, Reallsing of 1940 crop cotton under loan and hedge selling supplied the
totalled 2,003,978 bales The offerings. Spot No. 1 Ras was
certificated stock remained at quoted nominally at 36 cenis
2,795 boles A pound.
Month
Vohnne
9,700
SINGAPORE
LIVERPOOL
33.06
33.00
Future closings, in pence per
b. were as follows:
Old contract
Doc./Jal
Mar/Apr. May/June
New contract
July/Aug.
Oct/Nov.
Doc/Jan
Mar/Apr.
July/Aug.
Oct/Nov
May/June
Egyptian Kamak
Nov/Dee.
SAO PAULO
32825 #83528
Future closings, in cruzelros
per kilogram, were
follows
March
Prices of futures closed today totalled
Press.
Open interest
Doc.
1,400
Mar
10,000
370,300
May
10,400
107,200
敷き
The market
opened
below
July
4,600
170,200
levois yesterday's overseas advices but it steadied later on lack of sellery and on bullish political news,
on
lower
28,000
143,200
38 50
Doc.
18.100
03,500
Mny
17.00
Mar
8,800
23,400
October
$1.00
May
800
1,000
December
30.00
Total
113,000
In the 1,208,300 balca
US the average
spot
Futuro closings were:
NEW YORK
Mo. 1 rubber per lb.
price was 83.15 cents. Sales
47,174
bales United
Jan,
1004-108
Feb.
Mor
107-1093 Tusquoted
as follows:
rubber per b.
Jan.
7014
Heydon Chemical
15
Spunkel crepe
3 rubber per lb.
No. 4 rubber per 15.
rubber unhaled
100-107
104-10414
100%-100% 112-113 89-01 132-134
+
Hamateko Mining Co.
Ingersoll-Rasul
33
100
int) Business Machines
499
30
1007
Stocks more than made up Wednesday's losses today in a brisk recovery move paced by rail No Jan. shares and special issues in the steels, metals, No motors and chemicals.
Nails climbed 308 points in their average.
Market analysts saw in a e for rails #favourable demand
recent low-through of dustrial gains,
in-
Industrials, BLAD, recovered substantially after B three. sesion pauso for consolidation, adding 2.00 points in their
average.
O ท
total
1,180 issucs appearing on the tape, 621 were 201 un- higher, 307 lower, changed, with 28 at new highs. 8% at new lows,
Volume Up
Volume
improved
Goodyear Thre
Int'l Harvester
international Nickel International Paper
inda Tel. & Tel.
Juha-Marie Co
Kansas C. Power & Light Kennecott Copper
Jan.
LONDON
No. 1 pale crepe ..
The market was very atrady 100% with spot quoted at 31-13/10
314
•
pence per lb. 4722
Prices:
37
No. 1 Raw spot...
3196-32
Settlement house term:
127%
Liggett Mayor Tob. Co
January
February
Eckheed Aircraft
March
Jan./Mar.
213
Apr /June
4722
July/Sept.
01
Oct./Dec.
32
30%
42
371%
Loewn Incorp. Lane Star Cement Co. Lewenriçin & Sons, Mesabi Iron Corp. Minnesota Mining Mission Development Montgomery Ward Motordia Inc.
National Cash Reg. "A"
February
314-3144
National Dairy Prod.
National Lead
National Steal Corp.
New York Central
On Mathieson
Olla Elevators
Owen-linols Glass
#3
steadily,
Parke Davis Co.
47
Penny J. C. Ca.
83
gram, elt January as follows:
No. 1 rubber
Penn. Salt Co.
653
No. 2 rubber
Philip Morris
No. 3 rubber
Proofer & Gamble Co
609
No
1 crept
Pittsburgh Plate Glans
02
Bethlehem Shcol &
nmtl
Youngstown
Publieker Industries
A
Tube--whose merger
Republic Slee
DZ
Reynolds Metal
42!5
plans drew
anti-trušt
action
Shell Oil Co
had a
Sinclair Oil
point,
Socony Mobilai
along with prices and ran 190.- 000 shares ahead of Wednesday at 2,370,000 shares.
New
In the Trans
tu arp down 40 cents 223.10. Yaumalis down $2 $103. Lights down 40 rents to
York Sugar 3.60, Electrics down a quarter
Market
New York, Dec. 13.
futures World No. 4 sugne cloud today 7 to 8 points higher with sales of 658 contracts.
Domestic No. 6 sugar futures closed 1 10 4 pointa higher with
nies of 22 ertracts,
Commission house buying and n trade demand firmed the world lower sturt contract after u brought about by profit-taking selling. Domestic and hedge futures ruled steady throughout on a quiet inda
Contract No. 4 (world)
Telephones to $314 and duwn 40 cents on a middle rate of $24.50.
Cements have lost a ball $38 on selling rate,
Nanyang Dividend
In the land section. Hongkang Lands have lost $1 to $81. They weakened 50 cents at the close sales 1 yesterday after three $0114.
Wheelocks are 10 cents off on the week al 38.30.
Nanyangs
announced NA interim dividend of 40 cents, which is len tents more than last year's, Their total for the year looks like being 80 instead Def 70 conts,
The
New York flour
2001. sack
from the Govemment 2192
goln of and loss of 2483 2321-252 respectively.
130-140n
13.40 United Press.
WINNIPEG GRAIN
PRICES
Winnipeg. Dec. 13. Prices of grain futures cloned today in cents per bushel as foi- lows: Onts
International olls got a good
share of attention with Getty,
and Gulf up Royal Dutch
point or more
獻
New York Stock Exchange bund volume was $7,300,000.
American.
Stock Exchange.
volume was 380,000 shares.
South Puerto Rico Sugar Southern National das
Southern Railway (Com )
Sleep Rock (Toronix.) Standard Brands
Standard Oil of Ca),
Standard Oll of Ind.
Standard Oil of NJ.
Sterling Drug Co
Studebaker-Packard Corp. Swift & Co.
Texas Co....
US. Full "D"
3.53 now,
*
P.OBIE.A
COMPANIES
PENINSULAR & ORIENTAL S.N. CO.
PASSENGER/FREIGHT SERVICE
"CHUSAN”
Saver Landon Dog Hongkong
faled
17th December
Outwards "CORFU"
"CANTON" "CORFU"
Hotnewards
**CORFU" "CHUSAN" "CANTON" "CORFU"
12th January
10th December
ind February
22nd FebruATY
Bist March
24th Marchi
0th April
Hi May
224570
NEW YORK. METAL FUTURES
New York, De, 13.
Diary Of The Week, 144 cents.-United Press.
Hero is diary of the week's
Prices of metal futures closed today in cents per lb, as follows: Tuesday:
January
Lead December
Thí
Zine
December
January December
January
Copper Doomber
January
Tin' Strait January
February
15.30
18.151
100.00
101 232
Maricel ruled steady,
Singapore
T/O: $970,000. Stock Market
No material change
.
Singapore, Des., 14.
Brokers today quoted the fol-
Closing Prices
American Cyanamide Co.
Am. Mach. & 7 dry.
American Metal
Ainerican melting American Tel & Tel American Toh. "B" Anaconda. Copper Armco Stevi Armour
Atlas Come. Mining Baldwin-ma-Ham. Baltimore & Olio
Benix Aviation Corp. Benguet Cons
Bethlehem Steel
Boeing Airplane
Borden (Thời cả
Opening
Burroughs Add Machino Canadian Pacino R
Case (7.1). Co.
Market ruled steady lowing stocks pricos: with some counters Datu Lintang Rubber Co. Ltd. $1.00 yielding elight Brush Погле Petroleum
T/O: Byndios 40/65
Coralidated Tia Smeltere Fraser & Neave Ind. Ont,
ground.
$870,000.
Bird
11536 Wednesday: Marko......... lacked Framer, de Kanva Ad. TIPE
United Prem
Exchange Rates
Business was done in the toest
·Uredificial eschange – markoj
“Emorning at Che following rodomier
VA. dollar (per 011-
· sterling notes (per.
(Australian" notes, (per &1) 67
Indonesian suplan (per 100).. Blam Boat Etier 00) (Singapore: (Siraita)
0.08
Thursday:
interest, T/O: $55,000.
Another day
_eum, prežijoinange Carmona {Malays) Hongkong & Shanghai, Bai
quiet trading condi-Kemper 11, 43. tions, TVO:13,000. n. Rubber.
New! Berwicieli -
NAMESAKES
Answerg---1 Postage, 12. De- liver. 3. Victoria, 4 Counter, f "Office, 0 Wall, 7 MUR, & Stamp
• Pendo, 10 Cardis, 11 Hour 12 Uniform, 13 Loiters, 14 Clock.
Sir Rowland Hin.
20/63
機體
ZANO
14.00
Cat, actor
Celance Corp.
Chase Manhattan Bank
G. 1. 1) Financial Corp
Chrysler Motors
Cimax Molybdenum
$3,00|| Colgate-Palmolive.co.
Commercial Credit $540
|| Continental?Dil of Del.
Crown Zellerbach, 0.30 Cuban Amer. "Bugar EX.HTY ||20mond Alkalt „A
JUNG|DOW (Chemicals VNG 23:10 - Dubont de NemouLTE
Kunan todak Sa KIM! | X'Paso National Gas
Soho Fundly Firmnos Carys,
6.60.|| Ford: Moto
Gidden
3944
US, Rubber
SUBJECT TO CONFIRMATION
00
4731
7
-United Press,
General markets, eit basis, ports: January
T
31-312 Estate Crepe thin Jan. 391 Extate crepe thick Jan... 367%
AMSTERDAM
The market was quiet. Prices closed today in guilders per kilo-
3,03 buyers 301
2.33 41.
United Preas.
London Stocks
Upset By Editorial
were
London, Dec. 13. Stock markets rather shaken today by an editorial in the Financial Times
condemning the policy of trying to meet the post-Suez crisis solely by borrowing money.
London Foreigned lower, as did also Imperial
Exchange
London, Dec. 13.
Closing rates were:
Frankfurt
best
73
7434
Milan Osto
Parts
1716
Zurich
Lisbon alone
Stockholm
2.7814-2.78 0/16
2.6724-2.6736
10.84-10.043
140,1212-140.1734
19.3734-10.3736 17.723-37.721
1765-175814
10,9411-30.3474 20444-9843
14.4015-14.40 -
Steels and engineerings drift- Chemicals, Unilever and other well-known blue chips.
Dritish
Governments opened dully with small losses but re- closed covered slowly and mostly unchanged.
at Oils were practically standstill. Royal Dutch lost British 4th sterling and Petroleum and Shell Transpori, one shilling.
*
17th Februmey
Via Southamptom, Colombo, Penang à Singapore.
Leaves kongkong Due Laoden 23rd December ist February 18th FebruAFY
"BURAT"
26th February
4 Apell
Via Singapore, Penang a Colombo, FREIGHT SERVICE
loads 10 Dec. for Singapore, P, Swet- tenham. Havre, London. Hamburg, Itotterdam, Antwerp A G- mouth
8th Jan, "FINJAERA"due
0th Jan, "BETLLONG” dite
due 17th Jan. "SUNDA" “SHILLONG”iɑzés 28th Jan,
“BALMARA” due 28th Jan,
from U. trom U.. from U.K.
far Stagepore, P. Swet- tenham. Havre, London, Hamburg, Rotterdam, Antwerp
Grange-
mouth
from V.K.
ALL. VERIBLE OUTWARDS AND HOMEWARDS. WILL PROCEED BY THE CAFE or Good HOPE UNTIL FURTHEN NOTICE,
BRITISH INDIA S.N. CO., LTD.
1838 -- A BUNDRED YEARS OF SERVICE – 1830
"BANGOLA" dag 15ậh Dac. from Singapore, Penang,
Rangoon & Calcutta india 18th Dec. for Jap "BANGOLA" due 4th Jan.
salia Biti Jan.
from Jepen
For Singapore, Penang, - Rangoon & Calcutta
P. & 0:/8. 1, JOINT SERVICE
đào. CHA D
salis 2nd Dec.
#1
"ITRIA"
“IKAUNA"
“ITRIA”
190
Suez Canal eased 4 sterling 12.259%-12.25% to 52% sterling.
was unchanged,
United Press.
Germans were virtually un changed. Japanese were generally ide,
New York Foreign Dollar stocks were marked
Exchange
Now York, Dec. 13.
1.0416
· Closing rates were; Cariado .. England, offcial
M
3.70 31/23 20-ta future.2.13%
Futures 2.76
1,0166 11/18. United Press.
LONDON SILVER
PRICES
down
́subetaritially, following the overnight decline in Wall Street; the premium casod por cent to 6% per cont-United Prize.
LONDON METAL
PRICES
London, Doo, 13.) Prices of metal closed today fnsterling), peri" long, lon follows:
Copp
due 2nd Jan. Kalix' 4th Jasti
due 23rd Jan.
"from_Karachi & Bomber
for Japan
from. Jara
for Sinuspore, Bouibar & Kuemphi
***
from Japan-
for Binsapori, Bombay Karachi, Bistali. Kuwait
FASTERN & AUSTRALIAN S.S. CO., LTD.
TRA” Exod 4th Jan VEASTERN" Calle, Oth Jani,
tromi Austraila-
for Badal, Rabaul, {ide'"'"Brisbene. By dinky,
Melbourne Be: Adoleide
ált vássola "hxva liberty to call as any porta u ‚or off the route à the route a'salting, ára mukjset : „le-shkaga;er ́amondment with or withou) MARION",
For full poeticulars doply to MACKINNON. MACKENZIE & LO HE BONC KONG TID
Telephone Now 27791 d
Tide Water Asn, Ölt Twenty Century Fox Film
|Union Carbide
14
4254
Dow Jones closing were:
averagos
UB Oypsuns
UB. Line Co.
30 indistrials
$90.47
UB. Smelsing
155,97
US, Steel ....
20 relis
15 little#
07.00
Westinghouse Electric
Dec. May July
stocks
$72.45
West Va. Pulp & Paper
15%
"
40 bonds
90.43
743%
Comm. future price index
107.42
Rye
Comm. spot prlee index
106.01
Dec.
1234
Moody's index
430.10
May
July
12014-Ta
March
440
Barley
May
1.01
July
4.04
Dea.
shute rose five cents on
104%
Beylember
4,01-0
May
Alden Ine. Aey,
March
4.35
the week.
July
10112
Allied Chemicals
Spot-fernts per lb. tob
Cumay
4.05
Profit for 1855 was $1,338,467 against $1,880,586 In the pre-
Flaxseed
Allied Mills Inc.
Dec.
2101
Allis Chalmers
May
American Airline
Contract No. 0 (domestic)
vious year. The 1954 dividend
July
American
Cable
Radin
was $1 frog of tax.
Согр.
544
New York
March
5.73
Wheal, No. 3, 1814 cents; No.
THA
May
5.72
Amer, Forgit Power
139
Montreal
Amsterdam
July
6,77
September
*5.02
Brussels Copenhagen
Spos-cents per lb. cif NY
ex-duty)
0.307
United Pros.
market:
Friday:
Monday:
in rates, T/O:
$1,040,000.
No comments yet.
Private notes are available after approval.