1958-10-31 — Page 9

THE CHINA MAIL, FRIDAY, OCTOBER 31, 1958.

HONGKONG STOCK EXCHANGE FIRMER

STOCK EXCHANGE

Our Own Correspondent a

Business done on the.. Hong- kong Stock Exchange this morning amounted

proximately

to дом

$184,000, Noon

quotations and the morning's transactions were:

Shares Buyers Sellore Aalen

BANKS

MK Dank.

745 78234

Funt hat. 200

INSURANCE9

Unlon

nd*** 7819

Lumbard

SHIPPING

Wheelock,

XD..... 6.50 5.35

BUCKS. ETC.

Dock

Privident,

LAND, ETC.

HK Hotel

1K Land Humphreys RUBHER Amalk, XP

Trust .....

A. Tawali.

Fungala

UTILMES

ពលរ

4011⁄2 14415

11.40 14.00

21.30 21.50 1000 21.40 100 12 21,60

304 305 1700 3014 1495 1.40

1.00 1.05 2003 NO.

25.10 23.30

Star Ferry G

Yuumati

B004

Reports That Companies Have

Good

Year

By A SPECIAL CORRESPONDENT

The undertone

on the Hongkong Stock firmer this wook and Exchange was with the bettor political outlook, things began to look brighter.

During the week the market was in slight ascending mood with the result that Stocks elimbed Glowly from their lows! of last week,

News that may stimulate the present sluggish market in th 1.00 coming months till the end of 1.60 the year is reports that the majority of companies have done well this year and that dividends are expected to be maintained or increased in some cases.

20

17.60 Although business this week 21.00 Was much better than last week, 13.40 with a turnover of $2.24 million with cumpared

$980,000 last 72 week, this may not be a true

H

DO

pl

C. Light

Firetrie... 210

101..... $71

..trim.) 13.40 13.00

Telepho

1000

B00 * 500 123 504 21.00 20, 1200

725 1.40

13.M

Cement 2.30

STORES, ETC,

1011

Lane, Craw. 12.30

200 or

13

COTTONS

4.06

4.10

Dury 15.40 15 TO 1302

Watson 11.20 11,00

Tortiles

INVESTMENTS

Ja, Inv.

Ailled

H.K. & F.E.

Invest... 0.10 0.50

LONDON

RESUMES CLIMB

London, Oct. 30.

stock

"Buy

You fur

long-term stocks with that foot-t've got ten years!"

was

picture of the sinle of the After early hesitation on market. It is reported that

bit of business reports of Israeli troop quite a movements the

transacted privately this weak and not through the Hongkong market today resumed its Stock Exchange. upward course to close on a firm note. Gill-edged

five-i

securities tuated narrowly in early trad- ing up rallied just before the close.

Dollar Blocks were adjusted higher

yesterday's following rise

Wall Street. But foreign bonus and ralls were musily quiet and uncinated.

INDUSTRIALS

good closed!

us

Absorbed

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

Dull markets featured the trading with week's

tlie result that price movements either way showed only frac

thoso tional change from of the previons weck,

Uillities, however, turned a shade firmer on the closing day of the week to register Asmall gains in most lexues with the exception of Yaumati

Ferries which were a shado

off.

Elsewhere there is tile of note to report.

Market Diary

Here in markel diary of the week:

Friday:

Mond:

"No material T/O:

change.. $436,000.

HK Bank Lombard Unior Wherlook IK Whart HK Docks

Grain Chicago

Market

Chicago, Oct. 80.

Grain futures prices closed

Mar.

Ky Arm to lay

18314-15 1977-198 19014-Th

Page

Murat T'and QuotationN

The following are quotations of Mutual Funds in the United States in American dollars. The buyers" quotations include"-com- mission:

Mutual Funds

10%

* The

Share Market At A Glance *

Up or

Supt. 35

74134

759

Ocl. B

75244*

Oct. 27 747340

Oct. 30

Down

747%

steady

281a

Zin

36

25.706

$2.80

Bellers Hydra

74b

Tim

71b.

0.00

7.40

Am Bus Birm

4.30

4.30

- 5.80 -

5.65

5.00

5.80

8.85

+60

960

Dim

43/4

4214

44

41

DO 4934

+$1.50

Ax Block

4.27

Borjon Fund

38.73.

18.00

-260

Bullock Fund,

13 zd

14.62

Provident

11b.

11.30

11.25m

21.30

11.30b

steady

steady

on the

Cankea Gen.

13.08

15.11

BK Hotels

2014

21.20

21.15m

21

21.30

30

Chicago Board of Trade.

Canadiya Fund...

18.70

Canadika Int. Grow,

HK Lands

3014

304

3034

3016

2014

250

IIK Realty

1.8765

1.36

1.875

1,375

1,4258

+50

Wheat No. 2, red

Spot

Chemical Fd

Dividend S

2.03

1Din

Praytua Tund

11.40

RK' Trams

24.00

24.90

25.10

26.706

26.10

+400

Dec 1940) 18 (L)

teaton & low Dal

22.00

Star Ferry

110

108

100n

100b

100b

steady

Eaton & Stock

Yaumatis

9342

€4.50m

10m

014

01

**$2.50

-Bfay

Fidelity Fund

Ch Light

17

1720.

17.30

27.10

1714

July

1841%

Found Mu! Fá

+400

Sept.

1801

►

Com Steek

Electrics

20

20

24.00

24,80

· +200

Corn, No. 2. yellaw

Itointi ya HO

4.57

IIK Telephone

23.20b

23.80

24

23.80

23.90

+100

Spol

10094-1103% inati Growth

Instli : Found

201

10.40

G.1. Cement

21.80

22.30

23.705

23

22.80

100

Dac.

Inati Incom

0.45

Dairy Farm

10.40

10.90bx d

16.50

15.00m

15.00

steady

Mar.

Dee, new

Inv Te Bort

10.00

10.30b

11.10

11.30m

Ilb

11.10b

+100

Keystone Cubs -2.

23.15

Mar.

Made Inv Tri

12.43

Lane Crawford

13,10

18

13

- 13

13

steady

May

Mess Grow

ab

Eb

笾

steady

July

Nat Boo Growth_

Пуд

5b

4b

4.956

4b

4.10b

10

Dre.

9.800

0.801

8.70%

9.20b

9.10b

-10

AYAT.

3.COM

3.00b

3.700

4.10s

4.05n

ww

Gats

►

0.80b

0,00b

7.10b

7.10b

714

+150

Dre.

0476-15

Mar.

Soybeans, No. 2, yellow

Spot

Nov.

303-201 211-221076

Jen.

Mar.

Afny

July

A. 8. Waten

I Investment Allied

HK & FE Inv Textile Corp Nanyang

24.20

SPECIAL ISSUES SUSTAIN

IRREGULAR NY MARKET

New York, Oct. 30.

Strength in oils, tyres and special issues helped sustain an

irregularly moderately active stock market today.

Gains in the oil sector ranged to more than two points in Gulf. Gains of a point or more were set by Shamrock Oil, Amerøda.

Dull and feature- Jess. T/O: $451,009. Tuesday: No material changé.

T/O: $340,000, Wednesday: Ruled stendy. T/O:

$400,000. Thursday: Prices well main-

Lained

TO:neapolis $018,000.

Malayan

Tin Production

Singapore, Oct. 30. Tin production in Malaya in September foll by about 50 per cont from the total output in September last year, statistics showed to- day. Only 2,577 tuns was produced

lowest in last month-the years.

<

per

cent

Beckman Instruments, Min- Chala Honeywell,

and Belt, Caterpillar Tfactor, Disney gained two points or better. Facile Mills rose more than five at its best.

Retreated

09

21

Leading steels retreated much as a point In U. S. Steel. Motors were mixed with Ameri- can down more than a point, Kennecoit lost incre than point in the coppers,

Checler Motors lust four points and Parmelee Transportation more than five poirita.

Of a total 1,223 issues iraded, 515 were lower, 478 higher.

New York Stock Exchange volume was 4,360,000 shares.

New York Stock Exchange bond volume was $6,490,000.

American Slock Exchange volume was 1,350,000 shares.

Dow-Jones

were:

Hongkong: Electrle and Phone rights are being well absorbed and prices are tending to harden now the demand has be

1 come greater than the supply.

Lombards, which have been inactive for some Ume, now,

of Fifty-one dropped $2.30 on the week with Malaya's Un mines have now a buyer's quote of $25,70,

closed down since December Industrials nt de

of when restriction showing generally but

Utitles is a group were the last year

under the as industrials- below

the day's best levels. best gainers on the week with production started

agreement. 20 rail Fords led a

exception higher motor list, the

15 utilities Yaumati International of Among the blue-chips 11, Ferries which dropped another This resulted in 12,569 miners losing their jobs. Only 381 Turner and Newall, Swedish $4.530 this week to close at $91.

mines were operating at the Match, British Aluminium and

Wag 11 end of September with 23,966 Tally for the week Glaxo turned

good per-

Higher, six unchanged And workers employed. During the tight lower compared with three month 61 mints closed down Copper stocks were frac-

"gold higher, flye unchanged and 17 and 808 workers were sacked. tionally improved, but

the lower last week.

formance.

21

attxks faded slightly

Mideast score,

Olla cume

in

back from thest

lows, while rubber issues were

sicody--U.P.I.

Free Trade

U.P.1.

lin

COMMODITY

Area Talks FOREIGN

Break Down

Paris, Oct. 30.

EXCHANGE

NEW YORK Closing rates were: Canada

1.03 1/4 unquoted 2.24 0/18

,232円 .0150

· Britain's hopes of obtaining England

agreement among the Australia

Switzerland

member countries of the Argentina

| Others unchanged. Organisation for Euro-

pean

Economic

Co-

Brucau

ton at 14 designated spot mar- kets was 34.70 cents.

Total sales were 74,688 bales. ---UP.I.

RUBBER

NEW YORK

Rex rubber futures today closed live to 20 points higher

with sales of 45 contracts.

Closing prices!

2.00 5/8-2.00 3/4

Nov.

271 18/16-3.72 15/10 123.40-335.49

Jas

18-24 1/8-15 34 3/E

May

11.69-11.69 1/6

July

14.70 5/0-11.70 7/0

Sept.

Nov.

-V.P.I.

LONDON Closing rates were; operation for a European New York Free Trade Zone by Montreal January 1, 1959, were Copenhagen finally dashed here today. Par...

Frankfurt A complete breakdown, In Others unchanged. negotiations was avoided at a three-hour meeting of the Maudling Commilled but it was learned that the French dele- gates bud rohused to commi themselves to enter into such un agreement.

COTTON

NEW YORK

Mr Reginald Moydling, British Paymaster-Generol and Chair- man of the negotiating com-

Prices of cotton futures closed mittee, has accordingly had to abandon his hopes of guarantee today as follows:

Spol: 56.50 nom.; Dec: 30.24; ing solution by the end of Mar: 36.79; May: 3000; July: 3470:

Oct: 32.01; Doc; 31,00; Mar; 33,02. the year.

AMSTERDAM

3145

5140

stocks

40 hond

Allis Chalmers

Am. Drake Bhoo American Airline

Am. Cable & Radio Corp. American Cyanami Ca.... Amer. Forgh, Power Ami, Gas & Electric Am. Itome Prod. Am. Mach, & Fary American Metal American Smelting Ain, Sugar Rel... American Tel - Tel American Tob. "1" Autreunde Copper Armour

Allan Con. Mung Baldwin-Luma-Hun. Baltimore & Oli Beneficial Finance Bendix Aviation Carp.

Benguet Cuns,

Bethlehem Steel

Being Airplane Burden (The) Co. Burroughs Aud Machine Callt. Packing Corp Campbell Soup Co. Canadian Pacife Case 13. 1 Cat. Tractor Celanese Corp

Co.

C.17. Financial Corp. Chase Banhet, Bank Chrysler Motore luett Peabody Colgate-Palmolive Co. Colombian Corben Co. Commercial Credil

Commonwealth Elee. Consolidated Edixon Continental th of Del. Crown Zellerbach Cuban Anier. Sugar Diamond Alkali

closing averages Diamond Match Co.

Comum. future price index ..

Closing Prices

Alden Inc. Acy. Allied Chemicals Allied Mila Inc.

PRICES

SUGAR

Douglas Aircraft

Dow Chemicals

Dupont de Nemour

43.33 Eastern Airline

24.0393

02.07

Eastman Kodak .....

El Pazo National Gas 180.26 Family Finance Corp. ....

B0.20 Firestone Tyre & Rubber

162.33 Ford Motor

2734 | North-west Airlines 4371 Din Mathieson .... 24 Ctle Elevators

Owan-Illinois Glass

Oxford Paper Co.

Barley,

Snot

New York Bour

200 lb. mack

UK

*

110

11015

LE

12096-14 133-131

4,50

Scudder St & C

Tuley El F... Value Line F Wellington F

13.34

Exchange Rates

115-328

Budincs was done in the local

market tonicial exchange morning at the following rales:- US dollar per 61)****** Staring notes (per £1). Alcalinn hutes (per C

this

-6.70

18.00

12.00

$12.00

Indonesian rupiah (per 100). Bian Licule

4.71

100)

Singapore (Birgit)

1.02

.P.I.

Economy Is Expanding

Londay, Oct. 30.

credit, resources. All this, he wald, represented a consider- abte stimulant.

how.

aver, that it would be a mla-" take to try, and force the pace and that world trend.

(Corn.)

2515

of

After marking time for a year or two, Britain's economy is again expanding, Chancellor the Exohaquer Derick Heathcoat Amery, stated day.

The

Chancellor, warned,

to-

was

10

Pacific Gas & Else. Pan American Airways

J'aramount Picturva

30% Philip Morris.......

B*

10

117

A2

Parke Davi Co.

2715

Penny J. C. Co.

Penn. Salt Co.

32

Procter & Gamble Co.

F

90

Publicker Industries

0013

Pure Oll

1011

Radio Corp.

384 | Republic Steel

132%

neyaoica Metal

Pillaburgh Plale Glass

Sears, Roebuck &

234 Shell of Co,

0134 Saint Reg. Paper

15 | Hinedale Ölt....

43 Becony Mobilo

5633 | Bolar Alterati

731% Bruth Puerto Rico Bugar

575 | Southern Co. (Ther

402 Fouthern National Ga

4015 Southern Railway (Comi 201. | Standard Brands

20% | Standard Oil of Cul. Standard Oil of Ind.

2016kmdard Oil of NJ.

Steep Rock, (Toronto Exge.)

Sterling Drug Cv.

215 Blokety-Var Cemp.

20

03

43

#2

鲁能海

02

Studebaker Packard Corp.

Bunching Mining

Switt & Co.

Texas

Co.....

Textron Inc.

Tide Water Assn. O

$51Tine Inc.

543 Tri-Cont. Warrants

201

43%

Twentieth Century Fox Fin

Union Carbide ...

United Aircraft

31

Union 03 of Cal.

#P

Untan Pacific Railway

193

Unlied Gas Corp.

365

120%

U.S. Foll

337%

US. Gyps

U.S. Line Co.

100

g Ribber

487%

U.S. Amelting

58

C.B. Steel.....

07

U.. Steel P.C. PF-

6715

Warner Bros.

Generel Motors

48

Westinghouse Air Brake

Gen. Pub, Util.

44

Westinghouse Electric

Gen. Tyre & Rubber

314

Wertem Union Tel. Co.

49 Getty O

28%

Glidden Co.

Wert Va. Pulp & Paper Woolworth

Goodrich (B. F. Co.

Goodyear Tyre

Grumman Atrerait

$21

General

General Electric

General Foode ..

Gulf Ou

Heyden Newport Corp.

Homestake Mining Co. Ingerso)-ind

Inland Steel Co. Interchemical Int'l Busines

Int'l Harvestor ................ International Nickel International Paper Int'l Tel & Tol... John-Menville Co. Kaiser Industr

Kantas C. Power & Light Kennecott Copper ... Laget Meyers Tou. Co Lockheed Alterati Loews Incorp.

New York, Oct. 30.

Lone Star Cement Co. World No. 4 sugar futures Lowenstein & Bons. closed today unchanged to one McDermott J. Ray

McDonnell Aircraft paint lower with sales of 160

Stock Exgo.) Mesabi Iron Com contracts.

Domestic No. 6 sugar futures closed unchanged to two points higher with sales of two con-

tracts,

Minnesota Mining

Minion Development Monsanto Chemical Co. Montgomery Ward

Motorola Ine. National Bagult Ca.

Contract No. 4 (world)

Dairy Prod. Jan; 340: Mar; 350: May: 3.30: National ach Neg. A

National Lead National Bteel Corp., New York Central Norfolk & Western Ry. North Ameri. Aviation

July: 3.29: Sept: 1.30 Oct: 159: Spat-cents per 1b. fob Cube): 5.39,

Oper Interest: 6,783 contracia.

Contract No. 8 (domesilo) Mar: 07 May; 432; July: 5.75; Sept; 5.18; Rpot-icents per lb. cli Nauty"

Open Intersal: 414 contracts.

The rubber market WAS steadler today. Prices closed in U Cuilders per kilogram, elf Nov.

na follows;

No. 1 rubber

No, 3 rubber

No. 3 rubber No. 1 repe

231 buyers ..., 2.50 buyers

2.83 buyers 2.CU BUY TH

BINGAPORE

The market opened slightly higher and steadier, further on short covering and some trade buying.

per lb..Nov. 06-001

This afternoon's meeting was

No. rubber per ib. Nov, 0074-01 NEW ORLEANS

Dec. 00-00 hurriedly called by Mr Maodling

Prices of cotton futures closed No. 1 rubber per lb. Nov. 81-00 when, according to lobby

No. sources, it appeared that France today as follows:

Spot: 36.75; Deo: 3983; Mar: 30,42, might refuse to declare herself may: 30.50; July: 5481; Oct: 31.99; in favour even of the principle Dee: at 24, Mar: 32.00. of a Free Trade Zone.-Reuler,

Trade Delegation

An

(No. 1b. Nov, 052/3′′

7744-79 12-04

METALS

1:200

NEW YORK Prices of metal futures closed!! today in cents per lb, as follows:

Lead Oct.

Deo.

12.236 10.03 Zina, Oct. DU

10.00h Copper Oct.

Dec. Tim Oct. Дес.

93.dob

8pot rubber unbaled *** Blanket stope No, 1 pale crepe

LONDON LONDON

Prices of metals closed today | The rubber market was steady in sterling per long ton as fof- with spol quoted at 25% pence lows: pence per lb. were as follows:

Buyers Seller per lb.. Prices: No. 1 as spot .............. Delement house form:

LIVERPOOL Cotton future

closings, in

24.

American Coniruot Oct/Nov: 25.97; «Dec/Jan: Berlin, Oct. 30. Mar/April: 2130: May/June: 13.56: Indian trade delegation July/Aug: 2; Oct/Novi BAD.

Alixed Contract headed by K. D. Lall, director Oct/Nov: 2355; Dec/Jan: 2015; general for foreign trade and Mar/April: 2215; May/June: 21.30 Joint secretary in the Indian: July/Aug: 24.10) Oct/Nov. 23.00, Ministry for trade and Industry,

BAO BATE arrived bi East Berlin Loday, the Soviet zone news agency ADN #alch-U.F.I.

2034-20

Tin

Jon/Mar.

Apri/Juno

Бро D-month Copper Προς

July/Sept.

Oct/Boek www

|_ General 'markets, cif bas Nov.

Lead and, balt

Dot.

Dec.

Prices all unquoted "today.

In the United · Biotas, the Butate onepe that Toy, average price of one-inch 201- Briate crepe thick Des.

Jan.

·Zing* 2nd-lint

718 150

143

201

+24036

237

(Am.

Yugoslavia Wants to Join GATT

Geneva, Oct. 30. Yugoslavia today made formal application for associate General us membership of, the

Agreement on Trade and Tariffs (GATT) here today. The sold he delegate Yugoslav

Yugoslavia would ultimately become a fall mem- ber-Reuter.

1511 hoped

Agreed Merchant

Rates

Malayan Dollars

maximum

107 selling 62-13/16, minimum buv

ing 63-5/18 T/T: 53-4 O/D; 33-11/16 30 days; 32-15/10 00 day

OPPORTUNITIES

IN CANADA

Our facilities can be of valuable assistance to those Interested in the economic development of Canada and of benefit to investors in selecting suitable investmerit through which to participate in the abjured growth of · this country.

Enquiries invited

PEARL INVESTMENT MANAGERS LTD.

502, Bank of East Asia Building.

28738.

The Government, he said,

Joane planning to make Commonwealth countries To finance Britain's exports and International

were

being prepared to Increase

*

be closoly watched.

must

He sald special ald would be

given

#rozs

to

of Britain

where unemployment, was re- fatively high, and

hold 'out

next

hopes of tax cuts in year's budget-France-Presse.

P.O B.I

E&A

COMPANIES

PASSENGER/FREIGHT SERVICE

PENINSULAR & ORIENTAL S.N. CO.

Outwards'

"CHUSAN"

"SALMARA"

"CORFU" "SINGAPORE"

"PENIM"

"SOUDAN" "CARTHAGE"

tomawarda

"CHUSAN"

"CORFU"

Lenydu London

Belied 6/10

Sziled 21 ·

Sailed 15/10

Sailed 10/10

Halled 20/10

4th November

12th November

Bus Hongkong.

sth Novembe

11th November

17th - November

21st November

12th December

12th December

+

14th December

Lexyas Hongkong, Bus Lanton

Dla November

'gth December

"SAIMARA” †· "CARTHAGE"

**PERIM"

1st November

7th December

Siad December

10th January JELA December 18 January

Din January 7th February Via &'pore, Penang, Colosuho, Bombay, Adan a Pt. Brit. ↑ "SALMABA" toads for Straits Parts, Aden, Pt. Bald, London, Hamburg, Rotterdam & Antwerp. *PERIM" Loads for London & N. Continent only

"ORDIA".

"SANTHIA”

BRITISH INDIA S.N. CO., LTD.

LA Port

11 Nov

Zb Port salia Wiki Nov.

from Calmatta. Chitta. gons, Frans de s'pora (or Japan

from Caizulta,' Rangoon, rezana & Bingapore tor Japan

P. & Q./B. 1. JOINT SERVICE "PALIKONDA"das ist Oct from Ja

Balis ist Nov. for Singapore, Femang

Cochia, Karachi Bunbar

* 13th Nov.

from Japan - For singapore, Bunder, "Abbes, Kuwait, Basrab

Khorramshahr Narachi from Bombay, Cochila

Singapore

for Jopati

"URMARA"

natia

dus 3th Nov. 8th Nov.

"URLANA” dus 11th Nov.

EASTERN & AUSTRALIAN 5.5, CO., LTD..

"NANKIN"

dus 11th Nov, as in Nov.

from Japan, N. China for Laugar, Bandakan Belagane, Bydney, Mel- bourne

from Australia

"EASTERN"ls 2410 Nov. 1oz SPR

lịch Now.

All remain, have liberty to call at soy ports on er all the route & the roule à antiingą sro sukibei

to change or amolčasani – With or Without mojad..

Ter full particulars apply to: MACKINNON, MACKENZIE & GO OF HONG KONG [:D Telephone Nos: 27791 4.