1958-11-07 — Page 9

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THE CHINA MAIL FRIDAY, NOVEMBER 7, 1058.

DISPLEASURE OVER LIGHTS

* The Share Market At A Glance ¥ Dividend News

HK Rank

Lemhard

Unlon

HK Really HK Trams Star Ferry

747 Vám

27b 7134bx 6.40x1

*teady +$1.20 +32 ww -$1.80 ~~~750 +100

steady

Up or

KOL Z

160

Oct. 8

Oct. 29

Oct. 30

Nov. 6

Down

747b

74730

7524

281

280

25,70b

734ýn

712D

731

ราษ

Whoolock

6.85

5.00

5.80

1.85

HH Whart

8511

9€

98%

04528

IIK Docks

43%

4434

1371

Provident

11.30

11.83m

11,30

11.30b

11.40

UK Hotele

21.20

21.15m

21.30

21.20

HK Lands

301

304

3014

1.25

1.375

1.3755

1.425a

1.40A

2440

24.00

26.10

24.70b

25.10

25.tub

+100

108

198

1060

196b

109%

+-33

04.50m

10m

8320

92.

9016

-600

17.20

17.30

17.00

1736

17.20

300

21.10

25 24

24,60

24.80

24.70

--10c

23.80

23.90

+100

22.30

23.709

22.80

23.20 -

+-40c

16,90x4

16.99

15.00m

-18.00

18.50

11.10

11.0

11b

11,10b

11.80

+200

130

steady

4.05b

4.106

3.100

steady

0,800

9.70%

9,200

.9.10b

9.10b

alendy

3.30b

3.70b

4.144

4.05.

0.00b

7.100

7.10b

7.100

-150

Yauratie

Ch Light

Electrica

HK Telephone

G 1. Cement

Dairy Farm

A Watson

Lane Crawford

Int Investment

Allied

IIK & FE Inv

Textir Corp

Напталд

Sends Stocks

Down 70 Cents

By A SPECIAL CORRESPONDENT

The Hongkong Stock Exchange passed a rather steady week with the majority of the major issues making steady progress or hardening.

HONGKONG

...STOCK EXCHANGE

Our Own Correspondent Business done on the Hang- Long Stock Exchange morning amounted to approxi- $292,000. Neon quota- Itons and the morning's transac-

mately tions were:

Shares BANKS

The ABC's of Investing

Your Surplus Income

You have enondi life lasur- feralonal fnvestment manage- ance and a good reserve of ready ments. Cash In

savings account. Now you're ready to invest your sur- plus income in the future of American and Canadian busi- 11623.

We suggest that you do this through program of invest- ment in shares of one this

Mutual investment Companies. Through such econpaules, you can obtain a pro-rata interest la a diversified list of up to 100 more securities, No large is needed to start your Program, which may be con- tinued with additions of as little az U.S.$25 at a time.

HERE ARE THR ARC'S OF SUCH A PROGRAM:

Salce

30 74%

Buyers Sellers'

Cank 745 78755 INSURANCES Upton .... 42 74

Underwriter 73%

Wheelock,

China Light's final dividend announcement of 60 d

cents on the old shares and 48 cents for the SHIPPING 1957-issue shares, caused great disappoints enc

ment on the market.

LATE PROFIT-TAKING

BUOYANT LATE

NOTE IN

ON WALL STREET

New York, Nov. 6.

LONDON Stocks registered their widest gain in nearly a year today

London, Nov. 6, The stock market finished on a buoyant note today with nil but the industrial Bst closing at the day's best levels.

Call-edged securities warr B i giet dealings.

Encouraging corporate

and

Wall Street's overnight

strúngth sparked an advance in

12 Industrials

over

栽 wide Trout, Profit-taking In trading,

some gains.

late however, trimmed

and then back away on late profit-taking.

The decline from the highs werd ou! guins in some in- sturvas. At their best levels lucks were two to six points. At the highs, the industriais were at a record high, rails best In more than a year and utilities best in 28 years.

Gains were held by most of

the sterls which had been in big demand. Chemicals also were

proutinent on the upside and

they retained a large portion of the advanes.

Pet Milk

The off stocks opened higher

Pel Milk spurted more than but reports of on Arab-Israeli harder incident sent most issues six points on rumours of a stock spilt and American Chicle ran factionally lower at the clone.

up more than ve points on a Dellur locks were higher re-

the flecting

overnight

announced Wall split

yesterday Several other specials showed Street advance.

Copper Issues

gains running to more than four

Oils ruled stronger In and gold

points stures werd

a time U.P.I.

but later some of the international Issuca pagged on profit-taking.

WIT

higher firm.

BMC DOUBLES

ITS PROFITS

London, Nov 7.

Corporat- The Bril: Motor tion today announced it mure than doubleu Its prents just year.

Accounts for the tuned last July showed a gloss profit UI £24,049,239 compared with £11,216,504

yeur

the

BMC mukes Austin.

The 1,208 Issues appearing on the tape mode the market the broadest of the year.

Of the totni, 611 issues were higher, 120 lower.

New York Stock Exchange volume was 4,890,000 shares.

New York Stock Exchange bund volume was $8,200,000.

American Stock Exchange volume 1,630,000 shares.

Dew-Jones

wert!:

Austin

20 volls

13 11

Healey, Morris, Wuley. Itley trials

and MC careuter

closing averages

5 stacka

40 bande

Com future price Index

Closing Prices

Allied Chemicals Allied Mill me. Allis Chalmers Air.. Brake Sho

Am Gas & Electric

A. Hos Prod.

Am. Mach & Pdry American Mula)

American Smelling Am. Sukar Bet.

American Tel & Tel American Tob.

102,27 | Intertialionai Paper

Int'l Tel TV}

10482 John-Monye Co.

Kaiser Industry

Kennecott Copper

1904 National Dairy Prod

sum

2000 €

7,00

540 2000

6.40

21.20 409 30.25

Dock 47.75 Frovident

101

22401115 Although the total dividend | LAND, 'BIG. for the year was unchanged 200 Hotel 21.10 21.40

HK land from last year's $1.19, people

30 201 Humphreys 1414 had been expecting more than Realty

1.40 00 cents for the Anal this year. RUBBER

1.00 13000 This is the fourth year running Amalg that Lights have not increased | Trust their dividend.

A. Tawan. Sungala

Five house shares" were | UTILITIES sold yesterday, price being

the overnight

WIS a drop

slightly in the

the lowest Tram

Yaurneti This C. Light $17.10. of 70 oents on (0) price of $17.80,

The share, however rallied

closed at $17.20.

afternoon and

Features

ما

Through a Mutual Invest- ment Company, you share in the future of a broad croSI- Fection of American and Canadian business.

C. Through use of fractional shares, all money you pay in." under A Mutual Investment Company Program for periodic investment, lo completely In- vested. Accumulation may be further speeded by reinvestment of dividends, if desired.

D. You pay only the usual sales charge for buying shares of the Investment Company you You borrow no moncy, select.

There so you pay no interest. are no "extras" or "penalties". You may discontinue the Pro- gram, without charge, at any time.

your E. Once

14 Program established, all further invest- ments may be made by mall, direct to a Custodian Bank, it you wish.

WHY NOT GET THE FACTS about this simple method of B. The securities held by putting surplus savings pro- Mutual Investment Companies ductively to

work? Stop in, selected carefully

cod

Or. wrlic or 'phone us today. constantly supervised by pro- use the coupon below.

...: 253

1.30

1457 A

1.70

are

1.00 1.825

5000

180

230

6740 h

2.33

2.00

152220 25.10

DO 91

ITED 113

200 20 2014

100 17.00

1000 130

200 13.72

160 ZT 1730

Eletric.

24.00 24.10

too 24.70

(.) 13.0 13.56 Macao ... Telephone 23.60 24.10 (rta) 7.20 7.35 INDUSTRIALS

700 or 24 767

1000 9.10

COTTONS

Textilen INVESTMENTS HI.K. & F.E trivst...

PEARL MUTUAL FUNDS INVESTMENT LTD. 502 Bank of East Asia Building Hong Kong

Tel. 38321

Please send me, without obligation, your

Folder: "Advantages to you."

500 7

14.20

Name

Address

STORES, ETC. Dairy

15.40 2014

Lane, Crony. 13.20 13

Watson... 11.20 f1

One of the principal features | Cerami 25.20 231 of this week 201%

was the firmness 19% and demand for rubber shares. 201

Both Amalgamated and Rubber Trust tacked on useful gains for 46% the week with Amalgamated re- covering its 15 cents dividend 2316 sing

fram $1.975

$1.75 yesterday, while Trust rose from $1.60 to $1.75.

Lombards recovered some of its lusses of last week with buyers pushing the price up to Unions yesterday, while

after being quoted ex-tiividend this week were up $2.

The turnover för the week

up to $2.40 million coin-

Erin!

Mutual Fund QuotationS.

IEA

PO B·I

COMPANIES

EDU

1324

DES

Ligeti Meyer Too. Co

$29

Lakheed Aircraft

40%

Loews Incorp.

201

Lone Star Cement Co.

Lowenstein & Sons

American Cable & Radio Cons

McDermott J. Ray

American Cyanamid Co

McDonnell Aircraft (Am

Amer, Forgn, Power

2731

Stock Ext.)

Βι

Membi Iron Corp.

2201

Mixiantu Chemical Co

Montgomery Ward

214 Motorola Inc.

404

National Biscuit Co. National

40%

Cort Reg. "A?

2331

48%

National Land

100

$27

National Steel Corp.

7012

109

New York Central

149%

Norfolk & Western Ry.

North Ainer Aviation

3414

North-west Airlines (Com.)

24T

5133

Olla Mathieson

Olls Elevators

414

733%

Owen-Linols Glas

Cord Paper Co.

502

Pacte Gas & Elec.

Campbell Soup Co.

Pan American Airways

Canadian Pacile R

203

Cat. Tractor

...

Perry J. C. Co.

Penn. Salt Co.

Colombion Carbon Co. Conunental Oil of Del. Diamond Alall Diamond Match Ch.

Anaconda Copper Armour

Baldwin-Lime-lim Benescal Finance Bendix Aviation Corp Bethichem Stoel Boeng Airplane Bordes. (The

Barroegis. Add Machine Caftr. Packing Carp

Celanese Corp.

C 1. T. Finařešel Curu

Cluett Peabody

Douglas Arrest Dow Chemical Eastman Kodak

Pano Matunal_Cax Family Finance Corp. Firestone Tyre & Rubber

General Dynamites General Meetic

General Foods

General Motors Gen. Pub. Util. Gen. Tyve & Rubi Corinth in F) Co Codyear Tyre Gram Aircraft.. Gulf OLE

Heyrten Newport Cup.

Homemake Mining Co. inlond Steel Co

Interchemical Corp

In Business Mochines

152 41

B4.36

Paramount Pictures

Pulp Morris

Procter & Gamble Co.

Pubilaker Industries

5024 Pure on

Radio Corporation

Radio Corp, Peet,

394 Stepublic Steel

Bears Ropbuck & Co.

134

Shell Oil Co.

334

Saint feg. Paper

31412

20 Sinclair Ól

Socoty Mobil Oil

0124 Soler "Aiterati

70% South Puerto Rico Sugar

Southern Co. (The) Southern National Gas 451% bulbern Railway (Com> 32 Standard Brands

7235 Standard Off of Cal. 10115 | Standard Oil of Ind. Standard Ott of NJ

Steep Rock (Tortate Expe›

13% | Studebaker-Packard Comp

[40

14%

3814

Sunshine Mining

Swift & Co

541%

Texas Co.

BAY

440

Textron me

Tide Water Am OH

80% Tri-Cont. Warrants

207%

Twentieth Century Fox Film

333

Union Carbide

Union Oil of Cal.

Union Pnciße Railway

The folowing are quutatlons

of Mutual Funds in the United Stater in American dollars. The buyers' quotations include com- thission:

Mutual Funds

Belfers Buyers

Ax Block

3.63

PASSENGER/FREIGHT SERVICE

PENINSULAR & ORIENTAL S.N. CO.

Outwards

"SALMARA” "CORFU”

"SINGAPORE"

"SOUDAN"

"PERIM"

Leaves U.S.

Salled 21/9

Balled 10/20

Babled 10/10

7th November

Balled /u

14th November

De g

10th November

17th November

12th December

17th December

11 December

Afiliated

TAT

Am Bus Shrs

4.42

4.30

Boston Fund

10.30

10.15

Bullock and

1331

14.59

Canada en Fd

13.78

Canadian Fd

10.41

20.03

Canadian. Int Grow.

7.07

0.00

Chemical F

10.20

Dhidend Sa

2.04

Dreyfus Fund

Eaton & How Bu

Foto&H, Stock

Fidelity Fund

Foning Nut Fd

Com Stock

12.60

Hami Fa C

Instl Fhend!

10.7

10.49

Bart

10.00

Keystone Cs-1

2434

Mass Inv T:

12.53

Mass Growth

13.00

Nat Sea Growth

Scuckler St & Cl

Teley E FO

12.02

Value Line Fa

0.70

13.00

"PERLM"*

oth January

Blossomarde

"CHUSAN"

BIB December Ith November

"CORFU”

List Movember #mt December

"SALMARA" † 7th

20th December

January

"CARTHAGE” 18th December 1815 January

7th

Yebruary

- All right, we'll toss up to decide.

Anyone got a Denny ? "

Inaul Drowth Intit Innume Invest T

"CARTHAGE"

"COROMANDEL" 2015 November 14th January

Leaves Hongkong Due London

Int Harvester International Nickel

COMMODITY PRICES

*** FOREIGN

EXCHANGE

NEW YORK

Closing rates were:

Canada England offeIA!

Australin

30-days

30-dby

New Zealand

South Africa

Others unchanged.

LONDON

Closing rates were:

New York

Montreal

Amsterdwen Copeningen

Frankfurt

Osn

Paris Stockholm

casier

with

conditions and buyers awaiting cheaper offers.

No. 1 rubber par 16. Nov.

Dec Nov

9035-00:1 15035-BOL

No. 3

Na. rubber per il

No. 4...

Epot rubber imbaled

Hanket crepe

No. 1 pale crepe ...

LONDON

Mixed Contract

Dec/Jan:

23.20: Oct/Nov: 23.60: Mar/April: z22.05. May/Jure: 22.10: July, Aug: 1,00; Oct/Nov; 21,00.

New

Sao Paulo York and

8714-87% prices were unquoted.-V.P.I

84-04

901-00 77-19 02'5-0315

1022/76 200-11/36 #50-1/10 The rubber market was steady 2.00

with spot quoted at 20-1/10 224-0/10. 2.70-1710 pence per lb. Prices 381-1/18

No. 1 The spot

393535-1935EL Jan,

31.70-11.709

METALS

The

LONDON

London, Nov. 6.

tin market

was firm,

with spot being the highest

iner July, 1958.

United Atrevaft

United Gas Corp.

U.S. Gypsum

US. Line Co

U9. Rubber

U.S. Steel

UB. Steel 7 P.C. PS

Warner Bros. ..... Westinghouse Air Brake Westinghouse Electric Western Union Tel. Co West Va. Pulp & Paper Woglworth

Agreement On Coffee

110 pured with $2.24 milion

***

14514

Washington, Nov. 6.

2014

4094

407%

Copper market WA Arm The Board of Directors of

steady. At the end of the off-

closed in sterling per long tou as follows:

inst

week. Tally was seven higher. eight unchanged and 10 lower with higher, slx compared unchanged and eight lower last week.

Fairly Steady

Here is on Ice House Street observer's account of the Market:

The Stock Market has re- mained fairly steady through-} out the paKİ week with the majority of issues showing liiile change from the previous wock' closing isics,

Trust both

The main feature Ena been the firmness in rubber shatós with Almacomated and Rubber showing talox. China

advanced Lights steadily to $17.80 tut qufeldy last 70 cents when hopes of Incren.co in the fant dividend were not fulfilled.

Cements found reneived golning 40 cents on support

the week.

Elsewhere

wook

been small.

the Latin American Coffee Agrooment last adopted a marketing sys- tem to put about 55 por

29-2014

Bettlement house term:

20-2014

Зап./Маг.

2014-2014

April/Juno

2014-201

July/Sept.

2014-202

Oct/Dec.

204 20

2.00 +2.00%

General markeis, elf ho, por

while lead and zine were very

2.734.97

10.30-10.50%

Nov. Dec

20-20 20-23 20%-25%

cial morning,

session, prices

Estale trepe thin

Nov.

271

21.

Tin

Spot

701

750

-month

700

707

Copper

Spot

2001 200

month

244

Load lat hait

Nov.

Tob.

Zine hale

31, 1009.

✓ Fob.

20.001-2000 1170-11781 14.4911-14.493)

Others unchanged -U,I,J.

RUBBER

Rox

NEW YORK rubber futures today closed up 10 ló. off 10 points with enles of 39 contravis.

Closings prleesi,

Nov: 31,85; Jan: ALM, Mar: 1140

Ertato crepe thick

Det.

COTTON.

NEW ORLEANS Prices of cotton futures closed today as follows:

Gpot: 24.75; Dee: 30.30: Mar: 36.67: May: 30 July: 31.54 Oct: 3201; Dee: 31.80; Mar, 32.01.

In the United States, the Average price of one-inch cotton

Maji 3100 July: 32:32; Nept: 5130; at 11 desigunted markets was

Nov:

120.

AMSTERDAM

The rubber market was steady today. quotations were all un- chapand.

SINGAPOIK

Al not avollable.

Total sales wern 113,550 balen.

LIVERPOOL

Colton future clonings, in [pones per ihr. were as follows:

Ameilera Contract

Buyers Sellers | cont of their exportable

New York metal futures were un quoted---UP.L

SUCAR

New York, Nov. §.

Contract No. 4 (world)

Wellington Fa

Good Year

Seen For Car Makers

Business

Boston, Nov. 6.

was on the up- trond both in New England and nationally, and 1959 should be a year of sub- stantially increased volume for the automobilo indus-

Mr try,

Froderick C. Chairman Donnier,

of Conoral Motors Corpora- tion said today.

Mr Donner was addressing a conference which preceded the opening here on Saturday of changen havo the Cenerel Motors Motorama

Market Diary

of 1850 for a nine-day showing.

The renewed feeling of сол fidence in the air was especial- tho cor in- Here is a market diary of the ly important to on world markets week:

dustry beca LIKE coffoo

when public confidence

faltered, during the first six months,

people Friday: Ruled steady. T/0 could and did postpone replace of the pact.

$300,000.

ment of their caro. Converec-

when the trend- Prieca well mainly. however, tuined. T/O: Was up and the outlook appear- ed brighter, confidence pleked $522,000.

បទ and new CAT Prices inclined to rapidly, he told Reuter. harden. T/O: $770,000. Virtually un- changed." T/O: $341.000.

The coffee pac's runs from Monday! October. 1, 1058, to September

The Board agreed on a Tuesday: forumula for the orderis

| marketing of coffes in order to

avoid unfavourable TOPETUS-

alon in the market, which might { Wednesday:

1ba caused by too much of the

product being sold, at one time.

Under the agreement, Brezil Thursday:

•will continuo its traditional marketing system. This means

What Brazil will ship to market Its product là the same koffen year.

Trading on a light scale. T/O: $982,000,

Jan! 540: Mar: 3.5L-40: MAY! ; proportion during the 12 Exchange Rates

July: 340 Sept 139, Oef: 339, Total ester 201 balak, Fot (CETAR per i felt Cuba): 123,

Open Interest: dien nostræĶIN

Bost was done in the pa! The other countries' of the unemoist, exchange market this

at the following entes:

cales rose

New Term For Bank Chief

London, Nov, 0.

Mr Cameron F. Cobbold hav been reappointed Governor of the Bank of England for a Airther, terin of Sve years from March 1, 1989, it son umelolly announced tonight.

Mr Humbrey Charles Contract Na. # (domestic) surement will chip Recording hour (ok at enters

Baskerville, Mync's hus also Mar: 8.74: May, Mit; Føy: kan | to a floral totaling | Tiderthel botón (pad #3}

1999 - been appointed Devoly Governor. After opening slightly higher,

Depi; B., Totsf males nane, Baol

12.02 1054, 1956 and 1960 as évetage Australian nolau (per 23) Oet/Nny: 23491 Jan; -73.201|| letnia per ip, ele Ny exchily): 0.90.

indonesian rupiah (per 100) up-country godown guldaston Marapeli 25: May/June? 30 JOpen inturasti 447 contractum | pasta brut reducing this average glam festa, per, 183) b..... and hedge selling agali omista3 July Am7 2230;" (01/Nov: #150,

by five pec out. --- UPL diingapore (Biruito)

Dela

for a further traps iné Ave yearn

from Marsh. 1, 1959, "

100nouncement added Router.

Via B'pote, Penang, Coźnestro, Bombay, Aden à Pt. dzid.

↑ "SALMARA” loads för Stricts Ports, Aden, PL. Sald, London, Hamburg, Holterdam a AntweTY.

"PERIM" Lands for London & N. Continent only

BRITISH INDIA S.N. CO., LTD.

“SANTHIA” la Pori

"PACHUMBA" dus

from Calcutta, Rangoon, Penang di Singapore

sally 8th Nov. 104 Jupani

4th Nov, đựola_Japan sils 3th Dec. The Singapore, Penang,

itangoo & Calcutta,

P. & D./B. L. JOINT SERVICE

"URLANA"

"ORMANA"

due 11 Nov.

4 13th Nov.

from Bombay. Cochin & singapore A Japa

due 12th Nov, from Japaa

kalla 1ện Nuy," for "Bingapore, Bunder, Abben, Kuwait, Hastab, BBOTT KITIMIIaar de kuanÇDA

EASTERN & AUSTRALIAN 5.S, CO., LTD.

"NANKIN"

"EASTERN"

dan 13th Mov.

# 13th Nov,

from Japan, N. Chins for Lun, dakika Brisbane, bydney, Mar bourne.

e 12th Nov. From Bustralia · valla 14th Nov, ter Japan

All youtets have liberty to call at any ports on or of the route & the route à auliings are inbject ·

'to'élings or amendmant with or without notice.

For Juli porticufers -poly to MACKINNON, WACKENZIE & CO. OF HONG KONG LTD. Telephone Nos: 277214.

1958-11-07 — Page 9

Comments

Private Research Note