1957-11-01 — Page 9

Page

THE CHINA MAIL, FRIDAY, NOVEMBER 1, 1957.

TRADE and COMMERCE SECTION

Part

H.K. MARKET DECLINE HALTED COTTON FUTURES

Issues Recover Lost Ground

TURNOVER UP $12M

By A SPECIAL CORRESPONDENT

The decline on the Hongkong Stock Exchange has been halted—at least for the present--by better sentiment on the market with many of the stocks recovering some of their lost ground.

1

Contributing facture to Improvement may be the de- create of tension in the Middle East, and the steadying influence

of Wall Street.

Jou!

market closed a shade steadier than of lale.

Market Diary

Here is a market diary of the

Last Tuesday was the lui- point for ther market, when the major issuer im-week:

Friday: the luurver for proved and the day went up to the eight

Jakh mark.

Baules

Nasty Fall

and Unions luoit

Monday:

Tuesday:

Slight improvement. -T/O: $145,000

Qui:1 conditions.

T/O: $302,000.

Sentiment better.

T/O: $842,000,

Wednesday: Virtually unchang-

sty fall, bath on account of Thursday:

the London Market,

Banks--

£43 in London-sild down to

loss of $12.50 for the. $827.50, week, while Untants dropped $10 with sale yesterday at $77. They are £4-10-8 In London.

Utilities had the best gains of the week with the exception of Yaumatis, which dropped

tu

$05 on Wednesday. They Im- prove somewhat yesterday with R middle of quole $00, loss

of $3 for the week.

The Blue Chip which made the most ground was "Telephone.

They made up for the week's losses and some of their pre- week's with sales $27.20 vlous

China Light regained the 30) cenls it lost last weeks, while Electries only improved 10 cents, closing

$27.40

ed. T/O: $277,000.

Frading l light scale.

$308,000.

4:0:

HONGKONG

STOCK

EXCHANGE

Our Own Correspondent

Business done on the Hong- kong Stock Exchange this morn- Providents, which have beening amounted to approximately rather stendy throughout the $252,000, Noon quotations and year, pushed alread This week

this morning's transactions were: gaining 30 cents with a sale at

Buyer Ballo $11.00.

Higher Ground

Walcons

Dairy Both

ward Farins, whleh have shown te concem over recent fluctuations market, made up for of the their small losses last week and continual unto higher ground.

Cements Took a deep plumte this week dropping $2 lu ter days, This stock went down to $23

and then Tuesday levelled out and elinizd back

slightly higher

ground yesterday win a bayer's quote

tilת

on

of $23.40.

Shares

BANKA

HKC Bank. 800 8071% East Asia. 270 INSURANCES

Union

77

Lombard.. 24 SurPING Wheelock.

6.83 0.05

DOCKS, ETC.

Duck... 6112 Provident,

10) ..... 31.70 12.10

Gates

10

830

100 (

100 GE

ПK Nank Lombard

Union Wheelock KIK Wharf

KI

Down -$13.80

+250

Glance * The Share Market At A

*

Ķip of

Oot 3

B6214

Oct 10 800

Oct 17

85-40

Oct 24 810

Oct 31 887:26

2434

32b

3b

b

90141

BOA

BTM

77

$10

7.45

1.50

6.90xd

1.78

6.90

+1.50

122A

1220

1200

1200

1100

HK Dock

5215

3814

5311

520

01b

Provident

11.70

11.90

11,60b

12.60b

11.80

+300

HK Hotels

14.99

16

24.00

14.8K

1679

+1.50

HK Land

2414

34

HK Realty

1.76

31

33.50

33.7A

+250

1.40R

1.878n

1.35b

23.19m

28.20

23

22.70

22.30

+200

1310 102

1130

1Jin

1300

1294

1

102

100x

994

90m

18.00

18.800

18.70

18.20

13.70

跳

28

28

. 27.00

27.30

27.40

+100

27.20

27.40

27

20.70

BT.20

+590

28.

27.40%

28

25

23.442

LED

18.80mand

10.20

16.10

10

16.30

12,00

13.20

13.10

13

13.20

+350 +200

Yangiste

6.450

€4in

0.45%

0.450

545xn--150

Allied

4.20%

4.15%

4.15%

4.10

da

HK & FE Inv

10

9.30b

9.50b

0.90%

1.900

4.40m

4.40m

4.37a

4.35b

4.375

150 steady +240

9.05%

1.550

9.551

9.5521

9.85%

alexdy

HK Trama

Star Ferry Yaumatis

Ch Lights

Electrics

HK Telephone

Gi.l. Cement

Dairy Farm

A.S. Watson

Textile Corp

Nanyang

1.400

WALL STREET

RISE

STOPPED SHORT

New York, Oct. 31.

A sharp decline in car loading marred what might have been another general rise in the stock market today.

Rallroad shares turned lower | Cuban Amer, Sugar

as soon as the loading statement

was printed on the broad-tano tickers. Other sections of the market fell from their highs,

Diamond Abali

Diamond Blaten

Douglas Aircraft

Dow Chemionis

Dupont de Nemours Eastern Airline

Ralis registered same losses Eastmna Kodak running to nearly two points. El Pasa National Gar Aircrnits slipped back after Family Finance Corp.

Firestone Tyre & Rubber another good rise. Motors were Ford Motor....... slightly lower despite a sharp gain in production," Olls were irregular with Gulf tower Amerado higher.

Special Issuem, at ene

up one to three points. turned Irregular.

Tobaccos

General Electric General Food General Motors Gen. Pub. Uta. Gelt O11

2914*

LONDON

CLOSES EASIER

stock

London, Oct. 31.

market

A batch of unfavourable corporate nows scared off traders today and the closed easier.

Rofleeting higher prices of copper on world markets copper

1 shorey cored widespread gains in early trading but advances were trimmed at the close as profit-inking developed.

43

17544

MARKED DOWN

Government issues

WORLD RUBBER MARKETS

New York, Oct. 31.

Ex-rubber futures closed 27

DRIFT TO

LOWER GROUND

New York, Oct. 31. Cotton futures today drifted irregularly lower as more favourable crop weather news brought a noticeable. pick-up in the volume of hedge selling.

Technical realising follow- |ing the... föroweek riso to 693- and appoint-

LIVERPOOL

Cotton futuro closings, în pence

to 60 points higher with sales of 81 contracts. Novi 28.00: Jan: 20.25; Mar; 20.30; soñal highs, May: 283; July: 23.50! septi záži|mant over the continted" "slow | per Ib. were on follows:

ituation in textiles, pointed up Standard contract closed 27 by reports of further mill cur- tallment, also acted as a drog on prices.

Nov: 2020.

to 60 points higher with no salon reported.

Nov: 2820; Jan: 2829; Maṛ: 28.39; May: 2830: July: 2830; Bept: 2003; Novi 8.20.

Firmer undertone

At the close the lat ruled refected lightly above the day's lows the overnight improvement in but killi of 13 to 22 points The market opened off London cables and a coincident o pick-up in the domestic factory six to 12 points. Now Orleans

closed off 16 to 10 points. Idemand for delivered rubber,

Higher automobile produc

The Liverpool Market clased tion aided estimates. Techni-10 to 22 points higher on the ciana niso thought the recent old contract and up 11 to selling has been overdone and points on the new type Ameri- that "the market was ripe for oan contract.

n technical rally."

In the shipment markel, u fur-sized toannge was reported worked from Malaya and Indo- neslo. Reported sales included Nov-Dec. ulle sheets at 27% cente. Spot No. RSX was quoted at 23% cents.

SINGAPORE

The market opened lower on pverseas advices and ruled quicily steady sluring morning with minor tions.

und short

the fluctua

NEW YORK

Prices of cotton closed today as follows:

Old contract

DeosJan. Oct/Nov, unquoted:

Kar/Abe.

$.70:

May/Jun 2381; JULY/AUK. BAZ;

Oct/Nov. 247.

May/Juhe

New contract: Dec Mar Apr. 2003; July/Aug. 20.50: Dei Nov. 245.

SAO PAULO

Cotton futuro closingo, in cruzeltos per kilo were as fol- Jows:

Dec: 38; Mar: 30.30: May: quoted: July 40. 17

futures

Spot: 25.2011! Dee: 34.01; Mar: 34.91; May: 34.94; July: 34.59; Octi 33,39-40; bec: 33.33; Mar: 33.32.

NEW ORLEANS.

future

lon

-11

In the United Blatos, the overage price of one-inch cpt- 14 designated spot markets was' unavailable.

Total sale at 12 markets Wenu 40,385 hales, - United Press,

NAMESAKES

Jesse Owens,

Com-

Prices

of colton

Answers: Jump, 2 Velbelly, 3 Sprint, 4 Press, closed today as follows:

6 Berlin, G [Olymple, 7 Winnor, Spot: 37.75: Dee: 34.80-01; Mar:pettior, 9 Seconds, 10 Stadium. 24.00; May 34.81: July: 14.54-50: In the afternoon the market Oct: 33.28; Dee: 33.30: Mar: 37.31. leadied on buying of lower covering. sheets Futures;

No. 1 rubber per lb. Nov: 20-0014: Dee: 0014-0031; No, 2 rubber per in. Nov: 784-18.; No. 3 rubber per b. Nov; unquoted: No. 4 rubber per b. Nov: 73-734: Spot rubber unbaled: BD-504 Blanket crepe: 65-7: No. 1 paše srope: 85-87

LONDON The

rubber steady with spot quoted at 23-13/16 pence per ib. Prices:

No. Har spot: "234-22. SetUement ficure term:

654

marked down

1/4 in

were Hight

trading.

Industrials

number of

declined company

and

time Gliden Co

312

were

Goodrich (B. Fo. feedyear Tyre

30

Gulf Oil

Homnetske Mining Co.

Heyden Newport Corp.

12

32

Ingeroli-Rasei

Inland Steel Co.

34

301

strong for a time by then, too, apped from their best levels,

Take Profits

Reports of fairly

for copper mand

sa higher prices

Interchemical Cory.

Business Machines Int'l gond de-int1 Harvester metal and International Nickel in the London mermattenat_Paper

Int'l Tel & Tel seized on John-Manville Co.

metal market were

as excuses in take prouts in Kansas C, Power & Ligh

ILK Hotel 14.00 14.70 1,500 14.70 the copper

2 3 x 1

LAND, ETC.

1 Land

334

fumphreya

1.35

Ainaig Trust UTILITIES

1.476 1625 10,000 7

14

*2.80

༞-་་

18.70 150

Yangisze Finance Company. | Pratis

this week Star FITT 35 cents -dropped

ufter bring quoted ex-dividend. Light This stock had a sale earlier in the work at $6.15.

Tally for the week improved last week's. considerably over This week there were 12 stocks higher, two unchanged and ten- lower, compared with two higher, Ave steady and 17 lower Inst Thursday.

Turnover

jumped from the very low or million mark Just week to $2.17 million.

Improvement

Here is an Ice House Street observer's account of the market:

Skans of better sentiment on Tuesday assisted in Biting the Stock Market out of its

recent doldrums and, although small, there was Improve- ment in the overall turnover which amounted to approxi- mately $216 million com pared with $1 million the previous werk.

re-Kennecalt Copper

shares which treated after several sessions of advance.

Higher auto production and higher prices for innny putos fell flat as entives for the auto- 231,500 290 moble section which late in the unchanged. day

about Bethlehem Steel dipped in advanced of its earnings state- ment to come after the close of the market.

16.00

Electrle..

200 27.50 27

1.000 # 21.60 Macko E... 10,40 Telephone ***1.20 100 220 INDUSTRIALS. Cement

23.03.10 Hope 14.00 STORES, ETC.

Dairy Wation 12.00 13.20 Lane, C. 18.70 13.00 Emporium

****

COTTONS T'exiles Nanya..

10.20 10.40

M.00

216

Was

O 1,170 issues traded. 488 were higher, 388 lower, 204 203- 400 8 23.00) changed.

New-York Stock Exchange 10.30 bond volume was $4,410,000.

Slock Exchange American volume was 740,000 shares.

Dow Jones closing averages were: 442.04 110.9t

$54

סנ13

200 13.00

30 Industrial

F0

rela

15 utiles

New York Sugar Market

New York, Oct. 31. World No. 4 sugar futures closed five points lower to two points higher with

69 stocks..

41 bonds

Comm. future price undax

Closing Prices

Aidon Ine. ADX. Allied Chemicals Allled Mille Luc.

Alle Chalmers

Am. Brake Shoe American Airline American Cable & Radio Corp. American Cyanid Co....

Amer Forte Power Am. Gas & Electric Am Machdry. American Metal American Belling sales of 245 contraets, Am. Sugar Rehm Domestic No. 6 sugar futures American To Tel

Fob, "" closed unchanged to one point Anaconda Copper

Armco Steel malca of 17 con- Armour made lower with with

Allas Corts, Mining headway

Tele-tracts. phones being marked up 50 Lower tendencies in the world Baldwin-Lima-itam.

Baltimore & Oilo cents. Chinn

Lights

contract and

reflected the

lower Beneficial Fancy Electrics Wert also

Tuwmarktet and news that Bendix Aviation. Corp. Brazilians were available at a Benguet Cons.

Utilities generally

Boma

on

discount under Cubans.-

East

Germany

belier supported. Yaumati Ferries,

sharply however, felt Wednesday to $95, but opened with buyers at this level yesterday.

Dalty Farms have shown further improvement under steady demanal.

to

A

Bethlehem Steel

Boeing Alplanc reportedly Borden (The) Co. sold a cargo of refined to Burrough Add Machine

Campbell Soup Co. Egypt.

Canadian Pacific 1. Austria was expected to cn= | Case (3. 1.) Co. ter the market next week for Cat, Tractor 40,000 tons of rows, including 10,000 tons for Nov.-Dec.

Calanano Corp.

c. I. T. Financial Corp.

Chase Manhat. Dank

1 Contract No. 4 (world); Ji00: | Chrysler_Motorr Cements fell to $23_before 1.54; Mar? 3.50; May: 3.00 July: Cilmar Molybdenum they found support and began 3.58; Bept: 3.55; Oct: 3.56; Mar: Cluoit Peabody

make sight recovery 3.581 Epot-(cents per lb. feb Cubal: Colgate-Palmotive Co. 3.63; Open interest: 0,480 contracts Colombien Carbon Co. before the close.

Commercial Credit Sepli Cammonweallih Elec. 8.50: May: 5.56; July

Denolidated Editori Continental Oit of Del Crown Zellerbach

Contract No. 6 (domimar Hongkong Hanka sad 5.50 Nav: 5.03; Spot-(rents per lb. Unions Fielded Kround *ell NY ex-duty): 4.70, Open in- though the former

closed terest: 500 contréela-United Press, slightly above the lowest lovel

of the week

Wheelooks

t

were Grmer at $8.00 and there was some in- provement in Hongkong Lands and Hotel shares.

Stubbery generally

have

been quiet. Amalgamated lost

Exchange Rates

Dualites wer done in the local unofficial Exchange market. this morning at the following rates:mag

dollar (per 61)

ground on a reduced dividend. : Australian noted (9se daj

Elsewhere sutstanding texture and the

(ONE 109)

Singapore (BMKNI{N}

gett Meyers Tob, Co Lockheed Aircraft Loews Incorp. Lone Star Cement Co. Lowenstein & Sons, McDonnell Aircraft

Block Begre

Mesabi Iron Corp.

| Minnesola Mining

Milan Development Monsanto Chemical Co. Montgomery Ward

Motorola Inc. |National Cadı Her. “A”

National Dairy Prod. National Lead

National Steel Corp. Now York Central

| Norfolk & Western By.

Olla Mahlesan

Otis Elevators

| Öwen-Illinois Glass

Oxfurd Paper Co.

Facile Ons &

Elec.

Pan American Airways

Paramount Pictures

Parko Davis Co.

5.10 Penny J.C. Co.

149.45 Poon, Salt Co.

64.60 Philip Monis. 137.20 Procter & Gamble Co.

Pinburghiale (30 Publicker Industries Pure of...

1514 Radio Corporations 793% Radio Corp. Pret. 20Republie deel.... 20% Reynolds Metal

404 Bears, Roebuck & Co. joshell O

Co.

4 Saint Reg. Paper

2914 Binclair

12% Bocony Mobile

Solar Aircraft

(Am.

South Puerto Rico Bugar

Bouthern Co. (The)

Bouthern National Gas

Southern Railway (Com.)

184

165

Standard Brande

7414

Standard Oil of Cal

484

Standard on of Ind.

Standard of N.J,

11 starp Rock (Toronto Exge)

1032

3419

172

信道

112

Sterling Drug Co.

Stokely-Van Camp.

Studebaker-Packard Corp.

Sunshine Mining

Bwift & Co.

Texas Co.

401 Textron Inc.

5012

134

3112

Tide Wator Assn. Oli

Twenty Century Fox F

ל חע

Linion

Union Pasific Railway Undled Aircraft 42% United Gas Corp.

HUS. Foll "n"

Go

US, Line Co.

US. Rubber

07 US. Smetting

JUB. Bel

Warner Bro

Westinghouse Sectio Siz Western Paion Tol Co West Va. Pulp & Paper Woolworth

SHIP

Wis

Dec: 24-24%; Jar/Mar: 246-24 Apr/June! 546-2458 July/Sept 24-21% Oct/Dee: 241%-24.

General markety, of sin pott Nov: 294-2314: Dec: 3311-24; Jan: state- | 201-zi; Estate crepe

ments showed reduced dividends 2% tok Nov: 244. and earnings

E-

*

>

P.OBI EA

COMPANIES

PASSENGER/FREIGHT SERVICE

PENINSULAR & ORIENTAL 5.N. CO/

*

Thin Nov:

AMSTERDAM

market rubber

20

WOLE

*

Outwards

Lentes London Due HongkoKS

#

"QANTON"

Salled

18th November

29th October

13th November Eths November

4th December

a generally as follows:

The Oll issues suffered the worst hattering. Royal Dutch fell 0/-. steady. Prices closed today in kilogram, cll Nov, British Builders per Shell nearly 3/- and Patroleum 2/-in

No. 1 rubber weak list.

No. 2 rubber Dollar stocks Armed on yes- No. rubber terday's recovery on Wall No. i crepe 44stract

Foreign bonds were steady and quiet-United Press.

New York Metal

Futures

New York, Oct, 31.

Prices of metal futures closed today in cents per lb, as ful- Glows:

ד

2.33 buyers

United PreRS.

New York Foreign

Exchange

15th

"SUNDA" "CORFT"

9th December 18th December 23th Doober

"SALMARA“ "SINGAPORE"

12th January “CARTHAGUE" 11th December 131 Jangcy "CHUSAN"

*CORFU" “BUNDA” ✶

17th December

January

Leaves Hongkong Dun London

3rd November

22nd November 13rd December 13th December 19th January

11th February 4th Janung

17th FebruaY

Homawarda

OHUSAN"

**CANTON"

*

Canada official

New York, Oct. 31. Closing rates were: England

*

1.06%

2.70 9/16

"CARTHAGE"

4

20-days 60-days

2.78%

*

2.23%

2.73 1/10 2.79 15/10

"CHIUSAN" "SINGAPORF"

*

Australa New Zealand Lead Nov: 12.53b; Dec! 12.52 South Africa Zine Nov: .17: Dra: 9.221; Cop-Belgiu

Nov: unquoted; Dee: 25,421; | Aræen Una per As Now: 49,TOYED: Dee: 63.67

United Press.

LONDON PRICES

- Lantion, Oct-31-

Prices of metals closed today

in sterling per long ton as fol- lows:

טוע

Brazil

Di18

Uruguay

India

PONE

Pakistan

2100

Others unchanged United Pr....

London, Oct. 31

LONDON FOREIGN

EXCHANGE

Buyers Sellers

Tin pot

730

73045

Closing rates were:

3-month

73

12311

Copper spot.

300

10345

New York

2.7033-2.79-11/10

Montreal

-manth

103

Amsterdam

Lead 2nd halt Oct...

ung.

unq

Brussels

Jan,

und.

Frankfurt

Zinc da Oct

10

Paris

Jan.

701%

Stockholm

-United Press,

0415 SAILS:

10

BENDLINE

11.77-10.774

2.08-C.CB5%

10.03-10.03

130.07 6-130.024

118414-138454 144811-14.4815

Other unchanged-United Fres

P&O

R.M.S. "CHUSAN"

NOTICE TO PASSENGERS

BAGGAGE:.

Sunday, 3rd November, 1957, at 12.00 Noon for the UNITED KINGDOM, via Singapore, Penang, Colombo. Bombay, Aden and Port Bald.

Passengers are requested to send ALL BAGGAGE to the Hongkong & Kowloon Wharf Co.'s Godown No, a GATE, CANTON ROAD ENTRANCE, By Noon on Saturday, 2nd November.

SPECIAL NOTE: With the exception of hand packages carried by pasgengers themselves, ALL BAGGAGE must pass through the Wharf Company's Godown for loading on board ɓy ship's álings only.

|EMBARKATION: Passengers should embark between 9.30 and 11.00 am. on Brd November, 1967.

SUBIKON TO ALTERATION WITH OR WITHOUT NOTIOK

»

*

17th January

30th January

6th February

27th February 12th March

Via Singapore, Penang, Colombo, Bombay a Adams. * "SUNDA" omits Colombo and nombay, call al Havre and extands to Flamburg, Rotterdam and Antwerp.

BRITISH INDIA S.N, CO., LTD. "FULTALA" duo 10th Nov, sails th Nov.

"SANTHIA due 21st Nov. talle 22nd Nov,

"BANGOLA"¿p*

Bik Dec.

sails 7th Dec.,

from Japan

for poro, Penang, Rangoon & Calcutta

from Japán

for Bingapore, Penang, Hangoon de Calcutta

From paleta, Damtgad

Stralis على

jor. Japan

P. & Q./B. I, JOINT SERVICE "UMARIA" das 8th Nov. Balls Th Nov.

"UBLANA" due 11th Nov. Batis 12th Nov,

“ISMAILA" due 1861 Nov.

Balls 17th Nov. "OZARDA” das 3rd Doo

from Japan.

for Singapore, Bombay, Karachi. Kuwall, Basrah

Krock INGATL

for Japan from Singapore, Bam bay & Karachi

from Karachi, Bombay, Colorin & Serapore 101 Japan

from Janam

for Singapore, Bombay

Karach Hazroki,

khateramatzakr &Kuwait

EASTERN & AUSTRALIAN S.S. CO., LTD. “NELLORE" foads th Nov.

salla Sih Nov.

"NANKIN" Bonds15/15th Nov.

alls 20th Nov.

for Labsum), Sandakan, Tabeul, Brisbane, Byd- Adelboran Adelaide

for Bandettan, Bydney

Aŭ VRIMIS kava Übiety to call ná' WAY DARTH V ar off the hande is the rastu i mitthew new #thJocê ' ke xhakie or sizinčnost 1ih se wthous motion.

For full purtirulur, npply n MACKINNON, MACKENZIE & LO

OF HONG KONG LED Telephone No: 2779! :