·THE · CHINA MAIL,
FRIDAY, DECEMBER 21, 1956.
Page
TRADE
and
COMMERCE
HK DOCKS AT ALL-TIME
Bonus Announcement Stimulates Demand WHEELOCKS RISE
AS
By A SPECIAL CORRESPONDENT
S 1956 draws to a close the share market holds to а quietly steady course with interest centred on two shares-Docks and Wheelocks.
* The Share Market At
HK Docks Provident
1K lloteln HK
TIK
lumphreyn 11B Realty HR Trams Star Ferry Yaunsatis
SECTION
HIGH New York Cotton New York Sugar
A Glance ★
! tip or
đèn sitady
Nov 22
Nov 29
#K Bank Lombard
1586
1560
Deo 0 1500
Dee 11 1500
Dee. É 1690
401
steady
430
Unlon
B07
06734
150
Underwriters
8.800
8.801
Union Wtost
23.30n
28.80n
8.8011 23.40%
8.800
9.3ên
steady
P3.20
steady
Wheelocks
0.80
6.55
0.90
7.10
+200
HK Wharf
89b
Dib
Blin
steady
440
13.50% 14.50
44Th 136
45
45
47
+$2.50
13.20
13.809
18.00
100
01
14.70 01
15
14.80
14.800
steady
12
61
steady
10%
18.800
18.801
18.800
18.801
steady
1.251
1.326
1.375
1.375m
1.375
steady
22.40
22.6 b
23.50
23.10
23.10
+100
14in
141n
1418
1400
140n
100
101
105
103
107
steady
23.20
3014
23.80 3031
24xd
23.60
23.00
32
31%
3144
steady
23.50
23.90
24.90
24.50m
21.70
TAYM
+-200
3044m
37
3814
-600
Daley Farm
14.20
14.40
16.30
15.10
15.20
+100
13.20n
13.20%
13.60
11.60m
13.10
-500
Lane Crawford
20.40
29.40
29.401
29.400
20.50%
steady
I need to wall in at offer in Telephone House after
dull week an extremely
patience
IN
Yutze
5.80n
5.70
5.85
6.90n
5,000
steady
Allied
4.95n
5.050
4.05л
4.95л
steady
JK & FF inv
10%
100
дога
10я
9.300
700
und
But isn't there anything at ally"
Textite Corp Nanyang
4.06n 7.50%
4
4.40
4.40n
4.40n
7.30%
7.30m
7.35b
teady +10c
Docks moved, up sharply this week to $48 on the company's announcement that subject to the satisfactory completion of the sale of land in Hunghom, a bonus of $0 a share will be paid to shareholders in the New Year.
The price of $48 is fine high. They
week slightly below #1 $47.30, up $2.50 Thursday
ars all-markej mwe closed the later fortnightly.
Vieh best
I reall
--1
Shareholders lucky enough to
get them at their $12 low in 1951, or cren their $23 40 tow inst your must be highly
i
Ard with the share's per (u120~ aner, particularly this year
Outstanding Share
It is undoubtedly 132 standing shure of the year. They pull a $2 dividend together with
Justified --and
b great
#1
Invariably he would offer suggestion about some partien- paeuble reastmi
La
the current trend ut the thekri. I am most thankful to ha kindness and for all the These hoekground talks he gave the Hongkong share market.
a $1.50 bonus in April and demean $16.50 above their $31 low t50%
The other share to shine the weck
Wheelocks whet was moved up 20 cents to $7 10.
Another
--
I
Diary Of The Week
movements
megigible. $388,000
Here is a diary of the weth share Hongkong Fridny
Price und
Investment. Far East dropped sunrply by 79 couts tu $0.30 buyers. They sold at this; Monday: this week on price earler turnover of 3,900 shares,
i do not know the reason for
the Int
Turnover Down
Apart trom
Market lacked in. 139/4x1
Truding on light-senle with
Ch Lights Elretrie
HK Telephone 01 Cement
A.S. Wathen
LATE SELLING
SPREE ON WALL STREET
New York, Dec. 20.
in steels, metals,
7.10uxd
steady
-100
WORLD
RUBBER MARKETS
New York, Dec. 28. The No, R59 rubber falures closed today unchanged with no sales reported.
Dec.
30,00
The rex contruct closed 30 to 50 points higher with sales of
A Burry of late selling virtually no change themicals and rails capped a generally dull preu contracts.
prices. Tholiday session in stocks.
La
Tuesday:
shares.
$475,000 MRIKET
iendy. $680,000.
movements have been fractional The market closes
either way.
with aixteen
seven higher
shures steady. and Rve lower.
Last week the tally was eleven sleady fourteen lower and three higher.
Tutover is down from $3.46 million to $2.435 million.
Ive
Here is an authoritive House Street comment on the week's trading:
The Block market has ex- perienced another week 0% generally dull trading condi-
with the tions
that result
small have betu
turnovers
and the total less than $2.5
millions.
"In spite
bers
hay
of this, prices well maintained
two issues showing good
from the
close.
previous
samoly
Wednesday: Market
Thursday:
Tuk T The
T/9:
acceleration in i John-Manville Co In dest kelling was enough to give the market a loss of 3.37 points in the dustrial average, 1.03 In irilities the quiet side. T 6} rails and 01 poim in
$372,000.
body of the although the towin No material change, list held in a very narrow range. T/0: $520,000.
Much of the selling was stir. buled to profit-taking in recent strong issues ay Lukens
Gas Company's $4 Million Issue
I learn that And China
Hongkong Gas Co. Ltd.. have received permission to raise new capital total- SILK 4.- ling £255,936 or 094,000,
The Caplia) Insties fom- London granted mitice in
the company's
plication.
been
Wheelocks and Docks,
"The
former
have making steady progress during the month, whilst the sharp rise in Dooks on Monday to $48 was due to the announce ment
that. subject
satisfactory compiction
Fals
to
the of
the
of property in Hungbom,
the directors will recommend
a bonus payment of 35 a share
in the New Year.
"Elsewhere, price changes have been negligible with no one particular section calling for special coinment.”
Broker's View
T/T is up slightly from $0.125
to $0.156 and iliis has pomsfoly
drawn money away from
share market.
the
But o broker I spoke to yes- terday said "a number of propic holding money in various com- modities as an investment are finding that they are yleiding really well and are not inclined to sell at the moment.
"Other people
liquid (financially)
like
10. be
.tho Over New Year and buy in again in January!
which had run up over points in the first two sessions this week, It closed with a loss of 5 points to $101.
Traders
Kenerally hesitant to extend commitments Christmas In view of four-day
holiday.
Must
fur
marker
analysis look
Pure Oil
Republic Steel
Reynolds Metal
Shell Oil Co
20
Futures Quiet
But Make Gains
New York, Dec, 20.
Cotton trading today continued extremely quiet, although prices managed to show a small gain most of the time.
and
Routine domestic mit other trade buying over-topped
volume of a reduced
selling and liquidation.
Market
Now Yok, Dec. 20. World No. 4 sujor futures closed today 2 to 5 points lower with sales of 204 contracts,
Domestic No. 6 nigah futures cided tottay i to points lower i with sales of 135 contracts.
Profit - taking and hedge selling dominated in the world contract
Col-
*In domestic futures, 50 tracta in nearby May were posted
against business actuals,
World
In
TAWS WETY innctive. The Sutan reportedly purchased
hedge New York Foreign 1,000 tons of British refined for
Interest centred mainly in
nearby
months New trop deliverica were relatively neglected in face of continuing uncertainties about future
government cotton polley and The probable rate next fenson,
Al the close the list rulect up 7 to off point. The markel opened unchanged to up 3 pohita, New Orleans closed up 8 to off 1 point on bids.
Ring observers thought the volume was less than the 18,200 bales reported for Wednesday, This was the ammollest volume for a full session in the records
of the commodity Exchange Administration, daling back to 1937.
Technicians attributed the steady sirinkage in exchange trading to the loan programme and the Government export
programmne for disposing of
Australia
Exchange
New Zealand Bouth Africa. Belgium
February shipment. Pakistan purchased two cargoes of Forman refined, dealers under- Blood. Futures:
New York, Dec. 20. Closing rates were; + Canada England emficial
Contract No. 4 (work))
$2.0436
March
11
unofficial 10-day
2.78-9/10 2.04-2.04 future 2.70
2.22-15/10 March
May July Beptember
4.75 4.70-71
4.20
4.41
Spot-cents per lb. lub
2.10
0190%
Cuba)
Contract No. 0
March
GE
May
5.70
July
3.10
September Spot-cents per ib. elf NY
<x-duty;
1,00
India Pakistan
2090 2002 United Press,
London Foreign
Exchange
2.104-278-0,10 2.0746-1.07%
London, Dec, 20. Closing rates were: New York Mostrent Amsterdamı Brusela Copehlingen Calo Paria ex-glockhalm
Zurichi
surplus stocks at cut-rite prices. This melho by-passes nominal hedging operations on the change,
for the
Loan Impoundings week ended Dee. 14 increased to 220,841 baleg compared with 194,032 bales in the preceding week.
net stock of 1950 crop collon under loan amount- ed to 3,237,350
The
bales, plus 6.038.018 bules held from the
1953 loan programme,
The certificuted stock mained at 2,954 bales,
امامت
re-
22.80
10 03-10.03. 140,10-140.1319 10.37-19.39 19.0214-19.0234 14.854-14.4578
12 231-12.24
United ProRN
United Press.
NAMESAKES
Auswete:-1 Stars, 2 Americu, 3 Water, 4 Storms, 3 Bearing. 6 Navigation. 7 Coast, 8 Voyage, Fleet 10 Vessel, 11 Spain, 12 Portugal, 13 Discoverext, 14 Current, 15 Tide.
(Expinter
Amerigo Vespucet whose name said to be the origin of the name "America").
P&O B-I E&A
COMPANIES
PENINSULAR & ORIENTAL S.N. CO..
ÞASSENGER/FREIGHT SERVICE
Leaves Londo
Basled
2 December
10th February
Doo Hỏngkong ju Port
2nd February E2nd FebruRTY
10th March
Via Southampton, Colombo, Penang & Bingapore.
Leater ingkang Due Lanāna
Jan.
30.70
Mar.
38.10
May
36.30
402
July
38.90
Kennecott Copper Lockheed Aircraft Loews Incorp. Lone Star Cement Co
Lowenstein & Sons Meshi from Corp. Minnesota Mining Mission Development Montgomery Ward. Motorola Inc.
120
Bept
35.63
5015
Now.
35.00
194
Jan,
34.50
91
Sinndard contract closed un-
21
changed to
40 points higher
Month
4011
with no sales reported,
Dec.
Votume none
Open Interest
500
Bay
Dec.
23.90
Mar.
5.200
300,300
Mar
30.00
May
0,100
400,200
29%
May
30.20
July
1,400
104,700
Oct,
3,900
144,800
July
23.03
Steel
ten
National Lead
National Corch Beg.
Dec.
1,300
166,900
100%
Nov.
31.05
Mor.
1,000
77,600
New York Central Oils Elevators
31
Jan.
3140
4374
Pre-holiday conditions became
May
300
$.000
were
Owen-inois dans Poetic Gas & Elec. Pen American Anways Peramount Pictures
ຍ
20
Parke Davis Co
4734
Penn, Sait Ço.
ST
Philip Morris
413
Pittsburgh Piste Ginac
Publickter Industries
more apparent in all sections of the rubber trade today, with steadiness in futures reflecting the trend of foreign market and a lack
of pressure generally, Factory interest in the market
10.200 1,209,000 bales
NEW YORK
Prices of futures closed today as follows:
apot
Spot
34,500
March
13.00
May
13
July
33.16
Itadio Corporation
14
October
32.08
00%
December
13.04
"CHUBAN" *CANTON" "CORFU"
a
March
92375
May
011
Sorony Mobil-ti
steels, aside
South Puerto Rico Sugar Southern Nailonal Gas Southern Rollway (Com) Steep Rock (Toreniors.) Storulard Brands
2131
30
45
1015
37%
Standard Oil of Cai
40
Standard Oil of Ind
014
&
Standard Oil of NJ,
06
Sterling Drug Co.
52
Stokely-Van Coup
10%
Studebaker-Packarti Corp.
G
No. I rubber per ib.
Swift Co.
200
January
Texas Co.
0744
Tide Water Aren
Ol
7814
Twenty Century Fox Film
Unton Carbide
13
tinton Pactile fallway
United Aircraft
U.S. Foil "B"
41
No. 1 pale grepo
U.B. Gypsum
U S. Line Co
241%
LONDON
U.S. Rubber
U.S. Smelling
490.44
US Steel
132.20
Warner Bros.
10 ulien
67.26
171.38
Woolworth
60 locks
40 bonds
89.80
Comin. future price Index
361,62
Comm. spot price index
360.22
a typical year-end rally to week, under way [ex! possibly pushing the industrial average through the 500 resiste are level. Pilcea
the 11 from Lakens, raft over 2 points Sheel und Youngstown
recent ap-
in
Tube.
This means the company
Luc will
127,008 fully paid £1 shares by way of capitalising reserves, 102.- 374 £1 shares for cash at par by way of rights in the proportion of two for Bye, and 26.593 £1 shares to be allotted for cash at par under an obilgation.
HONGKONG
STOCK
EXCHANGE
(From Our Correspondent)
ap-
Burines done on the Hong- Stock Exchange kong
this amounted to morning A brief look at the market. proximately $270,000. Noo Banks are steady at $1,590, quotations and the morning's Unions are fractionally up at transactions. $956.
Blue Chips Firm
Loves in rats extended over
Louisville in 2 points Nashville.
Exchange
Of a total 1,293 is-ues traded, 620 were lower, 310 higher, 267 unchanged. There were 16 new highs set. 77 new lows,
York Stock bond volume was $4,500,000.
Stock Exchange American volume was 910,000 shares.
Dow-Jones eloning averages
New
were:
30 durtrid
20 Tolls
Closing Prices
Akden Ine. Acy,
Allied Chemicals
Attied Milka Inv.
All Chalmera
Anserlcan Airline on American Cable
Radio Corp. American Cyanamide Co. Amer. & Foren. Power
American Metal
American Smelting
American Tel & Tel
American Tob. "B"
Anaconda Copper
Armco Steel
Atlas Cors, Mining
Borden (The) Co.
Burroughs Add Machine
18% 0374
30
Sinclair Oil
Westinghouse Electric
negligible. continued Shipment offerings were J ported in "fair" volume but at prices too high to attract buyer interest. Spot No. 1 Ray was quoted nominally at 30% cents A pound,
The
SINGAPORE
market oponed DIY lower overseas advices but It
atendied on short covering and
reserve of sellers.
Buture closings wêre:
23-00 131-139
The market was very stendy with spot quoted at 31% pence.
No. 1 R påt....
Bettlemen! house term: Februry
20% Prices;
United Press.
March
May/June
July/Sept.
Dcf./Dec.
Exchange Rates
ira
tocat tig
market
Apri
AMSTERDAM
NEW ORLEANS
Prices of futures closed today
as follows:
Spot March
MAY
July
October
December
March May
Old contract
Dec/Jsh
Mar/Apr.
July/Aug.
Oct./Dec.
Now contract
May/June
Deo/Jan.
Mar/Apr.
May/June
Hotnéwards
12th January
"CORFU"
"CHUSAN”
23rd December 10th FebruRTY
3Jat
January
27-1
March
33.50
"CANTON" *CORPU"
2012 FebruaTY
3rd April
Mi
Apli
1211 May
33.91
33.00
33.64
32.38
S8A8E 888888
A BESARS
3144-12
3034-5312 3014-31
Egyptian Karnak. Nov/Dec. 80,00
30%-20%
The market was quiet, Prices thim closed today in guilders per 817 kilogramı, elf Jan, as follows:
Business was done 33% unucial exchange 231% morning at the following rates:~~
U.S. dollar (per $1)
70% Sterling notes (per £!!
19% Australian notes (per £11 2724 Indonesian ruplati (per 100) B6ya | Glam tieal (per 100)
19754 | Singapore (Štexfiy)
723
Armour
1775
Ballimore & Ohio"
4076
BANKS
Bendix Aviation Corp.
Benguet Con
HK Bank
Est Asia
1560 244
5 1000
Bethlehem Steel
Boeing Airplane
A
SHIPPING
Ania Nay,
500 @ 1.15
Wheelock
1.00 7.20
0,60 0,70
DOCKA, ETC.
K. Wh
Dock
47
Provident
Incidentally. I said last week that Union Insurance bad London register, A render in- forms me they have not. The Hongkong register shares are quoted on the London market. [ apologise for this error.
In the dock. section, Wharves are steady at $91 and Provi
down dents are 10 cents $13.00. All counters in the land section are steady.
Blue chips are firm. and Telephones
אן
(0) 43.40 19.00 LAND, ETC. Trama HK Hotel 14.00
* | HK Land
neo slightly health. ........ higher. Youmatis. Stars and Electrics are steady and Chinn RUDDEN Lights are fractionally carler.
Cements are 50 cents lower
at $38. and AS.. Walso have also fost 50 cents to $13.18,
In the declite section, Nan yanga ex dividend have added
·10 centa
ATribute
N
Amalg "Trust A Tawah UTILITIES
Finally, word about the lafe; MásM KẾ T Mr Ezra Abraham:
Monda
Ang brokor, helped me start this column" and I am deeply In debted to the kindly advice, and thelo, te ravié" nie with those
TEE, SWOORDE. Then they, used to,
10 @ 476
500
4
14.00
15
500
01
01
490 @ 01
133
1,40
Canadian Profile R.
Creo (3, L.) Co,
Cat, Tractor
Celanese Corp.
C. I. T Financial Corp.
Chase Manhat. Dank Chrysler Motors
Climax Molybdenum Colgate-Palmolive,
G. Co. Commercial Credit Commonwealth Meh.. Consolidated Ed
Continental Oil of Del.
Crane Co. Auda Crowns Zellerbach
Cuban Amer. Bogár
Diamond Alkali- make
1.60 1.09 100d 10 pupons de: Némotion 4000 @ 1.5215) Dow ChemiosÝRAJAA
2000 of 1:45 Eastman Kodak, akkor
Zi Paso National Gas
INDUSTRI
Rope Ok srORES, ETC.
1.30
23 23.33
200
Erie, Italtrond
29.10 Ford Motor
2330 deneral. Electric
2000 G 2310 | General Foods
General Motora.
Gen. Pub, ULL, Cetty Ou
e
"Goodrich (ELA)
Hérden Cherniest
256 23.70 Momstake
3.00 moth.
Juby/Aux.
Oct/Now.
BAD PAULD
Fufure closings in cruzeiros per kilo were as follows: May
37.78
July
38,20
December
33.30
United Press.
In the US the average spok 30% no price was
unavailable, Sales 1.00 nom, totalled 37,024 bales-United
Press.
"SHILLONG“toate 25th Jan.
"BALMARA” dus £ith Jack.
"SUNDA"
loads th Feb.
February
1096-100 107-108 No. 1 rubber per lb. Jan. 1074-100 No. 3 rubber per lb. Jan. 18455-200 No. 4 rubber per ib, Jan. 101-102 Spot rubber unbalod 112-113 Blanket crepe.....
LIVERPOOL
Closings in pence per lb, were;
as follows:
Via Singapore, Penang & Colombo.
FREIGHT SERVICE "PINJARRA"due 6th Jan, from U..
"SHILLONG”dus 8th Jan.
dae 17th Jati, "SUNDA”
from UK. froth U for Singapore. P. Swet- tenhorn, Havre, London,
Rotterdam Hamburg. Antwerp
mouth
B Grange-
from Ville
for Singapore, P. Bret penham. Havre, London,
Hotterda Hamburg.
Grange
- Antwerp mouth
ALL VEİSELS outwards AND HOMEWARDI WILL PROCÈÈĎ BY THÉ ČÁPE by đồồn ROPE UNTIL FURTHER NOTICE.
BRITISH INDIA S.N. CO., LTD. 1899 ---- A HUNDRED TEARS OF KERVICE — 1964
"SANGOLA” duo
4th Jan. salla 1th Jan,
from Japad
for Singapore, Penang. Rangoon & Calcutta
trom Japan
For Singapore, Penang, Rangoon, Chittagong di Calcutta
P. & 0./8. 1, JOINT SERVICE.
dhe 2nd Dec. tromi Karachi & Bombay salls in Deo, for Jupats
dus - fat Juhi
ails 3rd Jane,
"ITRIA”* ~
"TKAUNA"
due 23rd Jan. Baits 25th- Jati,
feden · Japan:
for singapore, Bombay de Karachi
from Japari
fot mugipost, Bombay,
Kuwalt
EASTERN & AUSTRALIAN' S.. "ARAFURA” dus 4th Jan,
"EASTERN" salts - Bih Jan.
́Melfourth ¦ de
All-vessels have liberty" 10 éali at any ports W or of the route, d'the route di latting are pubject ‚to 'change!or, athenimént, with or Withoki, Kolīve/
18.06
No. 1 rubber
12,00
No. 1 rubber 1930 No. 3 rubber
1.60
No. 1 crope
3,01 OTT,
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