THE CHINA MAIL FRIDAY, DECEMBER 6, 1958.
WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE
BANKS STIMULATE PRICES
New York Many
Cotton Market
Cotton
New York, Dec. 4.
futures react-
ed sharply in active deal-
ings today.
Losses ranged up to $2.00 @
Factors
Boost Shares
On Wide Front
By A SPECIAL CORRESPONDENT
hale before the market develop Stock prices hardened on the Hongkong
ed a feeble amount of rallying power
covering on
by day
aders and a trade demand at. neted by the lower prices.
AL
THE LIST
the clone he list Was pol's nel, The
T 14 to 43 market opened uft une to 14 jints. New Orleans closed off 30 points.
December conitact Aquidation Joined with persisted selling by foreign interestu and Southern hedging in the Marci and May deliveries
European
selling
Wax
Stock Exchange this wook after the market had been stimulated by the increased HK Bank dividend, and nows of a possible merger between the Hong- kong and Mercantile banks.
These were ziet the only fura, that boosted the prices of sharta! un a wide front Both by rights have stopped flooding the market, while it is reported that alotes are having very Bood business returns,
Hongkong
Barik's #al £1178 madu a total of £3 for the year, an increase of ve shillings over last year's total tievident! This give Banks. Rer R has been quoted (x- in dividend at prevailing Tarrago
be straddle eved to represent operation with the short end! in the local market, With raw cotton overseas selling for 10 1 12 cents
American prices,
แร et
tervals were believed buying the highest yard it has had for
abroad against sales here.
DECLINE
The Liverpool market today cloned off 20 to 30 English points and 708 to 950 American points under New York cutton futures,
Today's decline carried the torby May delivery 11⁄2 ents pound under the loan basis. The average price for spot vot ton at the 14 designated markets yesterday was $4 bale under The widening the loan price. discount under the loan brought nome buying in futures.
1ws delivery There were notices Issued today against the The cert- December contract. ficated stock declined $19 bales
10 52.390 tales,
overnight CUP.I.
LONDON
PRICES
HIGHER
London, Dec. 4. Stock prices turned higher today as recent small sell- ing dried up and buyers returned to the market.
Aus Buying, however,
Heice- tive as there was the fresh news to influence sentiment.
Government securities opened easier but late buying reversed the trend and the list finished as much as 1/10 higher.
INDUSTRIALS
Industrials had
good day
with most scellans scort satisfactory gains. Steels und were ou!- engineering shares standing, and Ford was strong ini the moter's breweries and slures also made headway.
1061
around!
With
many years The yield will e 6.4 per cent comparent sind sield of five per This phenomenon hal beet caused to a large extent by the present low price of Banks,
crat.
Utilities
HONGKONG
STOCK EXCHANGE
Our Own Correspondent
Business done on the Kung- Stock Exchange this kong morning amounted to approxi- malely $197,000. Noun quotations and the morning's transactions
Shares
BANKS
After the dividend announce- ment this week, Banks tucked on K Dank $50 to close yesterday at $700
to $IKK) duny They had risen the week
Wheelocks continued to Im-Dock prove this week gaining 20 cents Prident, with a closing quote of 55 55, the
10. have been Inst Uicy Math
HK Land Humphreys Healy
The whule utility action with the exception of Chin Lights Improved on the week due to RUKER
A. Rubest
the nur disappearance on this market of belh Electric 1901) UTILITIES Pisone rights
This may have Tram
Hayers Belloss
Salce
* The Share Market At A Glance ★
HK Bank Lombard
Union Wheelook HK Whart
IIK Books Provident
HK Hotels HK Lands HK Really UIK Trame
Alistaral Fund. Quotations.
Economic
The following are quotationd of. Mutual Funds in the United States In American Dollars. The buyers' quotations include com- mission:
254
steady
Hamil
Inti Found Instit Growth But TheOTTIE Invest Tr Dow Keystone B-1 Mutual Inv Fd Net
Grow
Buyers
ost To
Frace's New Love
Paris,
4.
The cost to Franco & 0,00
sures It's planning take within a fow wes to liberaliso trade wit Its Common Market neighbours and the rest of the world, including Japan, was estimated to day by French financial circles át about $288,000,- 000 for 1959,
7.20
Hadual FunĪR Affiliated Fund
Better
0.02
7,40
4.20
1.54
Un or
Atom Day Mut
3.20
.70
Nov, 0
74734m
270 7E4sbad 5.40xd 9434*
Nov. 18
745
2714 73
Nov. 20
740
Nov. 27 745b
Dec. 4
Down
Bullock Fund
12,05
14.30
Canadian Fund
10.00
19.05
700
+530
Canadian Ini Grow.
0.11
270
270
270
atendy
Chemical Fund
19.40
20.03
73b
7245
7140
Comwith Inv Stock
14.37
10.0
Dividend Sh
1.02
5.35
5.30
6.85
8.55
+-200
Са
05
Обл
081
---$3
DESHI Fund
3.20
11.50
12.00
43
43
433
42b
495
+75a
a & 11 Stock Electronice Inv
13.00
24.03
5.00
0.54
Fund
0.31
10.42
11.40
1144
11.00
12
+100
HC-7
4.74
8.18
21.30
21.30
21.30m
21.10
21.30
+200
10.00
11.49
10.80
11.az
2014
30
301⁄4
30
3014
1.40%
1.975
1.35
1.95
1.85b
10.80
11.00
25.201
23.20
25.40
25.60m
20.00
+300
24.10 25.71
0.10
104
100%
100
107H
1010
105
+34
7.00
0014
DG
BD
1523
1244
+84.50
Feder & Ci
37,40
Telev E FA
13.07
14.88
17.20
17.10
17.10
10.80xd
10.30
steady
Value Line Fu
0.00
7.04
24.70
24.80
24,40
24.20
24.60
V I Plas
10.00
11.03
24
23.90
23,70
23.80
+100
Wellington Fund
13.00
Cement
23.20
23.00
24
21.70
+30c
15.30
10.40
1014
15.00
15,80
+20€
11.30
11.70
48
12.60
13
13.60
5b
13.40
Ե
13.40b
13 13.500
+40c
+100
5.10
5b
100
4.10m 9,10b
4.10n
4,025)
4.05.
9148
940
91⁄4
4,0251 014
m2¢
sitads
45 7.10b
45
7.05
41 7.05
3.8K0
3.85n
Slendy
United State..
7.05
7.106
+50
estimated
Star Ferry
Yaumatis Oh Light
Electries
HK Telephone
G 1
Dairy Farm
A
Watson Lane Crawford Inlt tnyestment Allied
NK & FE Inv Texille Nanyang
Corp
THE TALLY
Last week, 0 higher, & unchanged. 10 lower. This werk, 10 higher. Sunchanged, 4 lower.
SELECTED
12
ISSUES
PROMINENT IN NY
New York, Dec. 4.
Stock market traders turned their interest away from the issues which are used to calculate the averages today and concentrated on a long list of selected stocks which made wide gains.
These gains ranged to more
Stock American
Dow-Jones
were:
30 industrtots 20 rails
Celanese Corp.
This is what it will take for France to fulfil all its obliga- tions to the countries of the Common Market, Within
the
Car Production larger framework of the 17-
4. Detroit, Dee.
mallon Organisation for Euro- Co-operation, pean Economic.
Automobile production in the While it will not be able to do
thin week
146,780
according to Dow Jones
everything called for by the code for iberalising trado, it units, will do other bigger things,
since it in prepared to extend to
This is a sharp rise from last the 17 the larger part of the week's 123,126 cars when oui-advantages the six give to each
put was affected by u one-day other.
etosedown for Thanksgiving. It
J: also better than the wack before 130,037 units, and the
week lost Corresponding when 130,887 cars were built- Reuter,
Plants Idle
Chrysler
your
Detroit, Dec. 4.
Corporation closed
COMMITMENTS
Finally, it
intends to respeel the letter or its commitments within GATT.
Much will depend on how France's Own foreign trade develops, as to the situation? created.
But contrary to opinions Ex-
Is Plymouth assembly and body pressed abroad. It does not plants here this morning idling seem at all certain that France 6.200 after Д walkout at a
stamping plant had caused
hortage of parts-Router.
A
would need to seek some form
of foreign ald in the future.-- France-Presse.
Exchange
Campball Soup Co Canadian Pacile Case 3 E. Cat, Tractor
100%
2014
2011
B
closing
averages
2741
201
P.OB.I
339.20
134.01
00,10
0.05 thats deven points in Zenith, volume was 1,050,000 shares.
Several of the drugs stocka, notably Parke-Davie
maste wide advances. Mosl of the steels showed substantiul gains. Motorola met
demand kkk with Zenith in the televisions. Minneapolis Honeywell ran up three
in the bullding Mocks.
points
302.50
SHIPPING Whitekci
DOCKS, ETC
405 5 2000 25
4.25
(0)
12.20
LAND. ETC ILK Hotel
2120 230 JJ.25 JUDO
14 GU
130 00
30,25
133 1375
1 70 12809
25 DA 20.37 1300
14
ZBK
been
elrently sold, and
approach of the due date.
hoying been paid up with
The
Onu Cre PERSONA the market has
why
beer
res
Yanati
Light
cctre
Telephone
Cement
01 93.50
24.00 24.00
$24.50
1200
2.100
34,40
676 25.00
of the chemicuis,
24.00
COO d
24
120 730
DOG
7.20
25 22 30
100
24
++
100u
15.10
STONES, ETC.
Hairy Wat
180
SUO
1500
13 10
Papers,
Leaf tobacco
up ve points.
enused by sellers having Star Ferry many rights
"Foreman at not-i doubl whether the chetrman would rare to hear yOTA using such expresstons to a share-owner --"
Tobacco, pressed was ibia call Up of new capital amounting to $25 million by these two com- panies Once these have been, paid up by the end of this year the market should experietice a fresh upward tendency.
Qin were quicl bul Rubbers
Gold Kround. sbarca continued to meet selve- tive buying. Coppers railled after a dull
ins alart, while closed lower,
Rails and foreign bonds held were about unchanged-UP..
1959, A Good Year For U.S.
Washington, Dos. 4. Top business axecutives responding to n magazino poll
10.30 16.40
Line Crow. 13.70 13.00
COPTONS
Nayang.. MISCELLANEOUS
7.10
13.10
Particular strength in Cinod- year. U.S. Steel, and National Steal helped sustain the Indus- trial average which was drag- In several ged down by asses
And selected building
such us Jobus-Manville.
Strong Spots
If une
3 stocks
boad
Comon, futute price index
Closing Prices
Alden Inc. Acy
Allied Chemdenin
An Home Prod.
Am. Mac & Fary
G. T. Financial Corp.
Chrysler Mosoru
Chuelt Peabody Colgate-Palmolive
Colombian Carben Co
30432 Comuneretal Credi
Commonwealth Elec.
80.12
100.00 Colidated Salon
Celistak Cili ní Dul Crown Zeilerbeck Cuban Ainer Sugar Diamond Alkali Diamond Mutch Co.
Fivertine Tyre 4tuber
Ford Moto
General Dynamics
General Fectric
General Juoda
E&A
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N. CO.
3114
7145
1323%
3171
先に
Outwards
"SOUDAN"
"PERIM"
1234x
Ogio Aircraft
B0-%
Dow Chemicals
Allied Mills inc
JUAL
Dupont de Nemours
As Chiamers
273%
Eastman Kodak
Bitors, vits
Am. Brake Show
+!
El Pen Notonal Gas
issues
American Airline
241
Tantly Finance Corp
American Cynnald Co.
American Cable & Radio Corp.
B
SUP
Am. Gay & Electric
Amer, & Furgn. Power.
17
120
25
General Motors
Gen, Pub. Um.
Glidden Co. ...
Goodrich (B. F. Cu
De
Goodyear Tyre
1107
56
Hoyden Newport Cup.
Homestake Mining Co.
414
2234
Ingersoll-Rand
1342%
THEN
Inland Steel Co
Interchemical Corp....
071%
41%
Int'l Business Machines
4492
252
Int'l faryquier
International Nickel
:
401%
170
3714
Strong sperts included selected coals, cameras, and Universal
shipbuilding
ul its best was
Of a total 1,225 issues traded,
Agreed Merchant 537 were higher, 482 lower.
Rates
West German Deutschemarks 1 Maximum Selling 71%.
New York Stock Exchange volume was 3,030,000 shares.
New York
Stock Exchange bond volume was $0.220,000,
American Metal American melting Am. Sugar Ref American Tel Tol American Toh. "B" Atomia Copper Anco Steel Annour
Atlas Com, Mining
Baldwin-Luna-Hasia Baltimore & Only Banefierul Finanice Bendix Aviation Porti Benguet Cons Bethlehem Steel
·Beebig Altplane The reй (The Co. Berroughs Add Machine Calif. Packing Corp
COMMODITY PRICES
FORLIGA TACHANGL
LONDON
2.40-0/16-2,0035 2.40-13/10-2.701 10.3846-10,39% 136.4214-150.15
Closing rates were; Now York Montreal Amsterdam Branncla Copenhagen Frankfurt
Strong features in the udlity section this week were Youmatis, which rose $4.50 to close at $92.00 und Dilectrics which Milan tocked on a gain of 40 cents at $24.00.
Coments
Cementa continued to be in favour rising another 30 cents: this week to $20, their highest price in a number of months
Storen were all up with Dairy 20 cents: Farma tacking on
Visu
Zatrich
10.33-1933
1100-1100!! 174534-1743 14.40-14.4835 72.42-72.45 12.23-12.2315
Other unchanged.-U.P.I.
RUBBER
NEW YORK Rex rubber futures
today
forecast today that 1000 will be waisons, 40 cents; and Lans closed 20 to 60 points lower
a good year for the economy,
Nallon's Business Magazino sald 99 per cent of the exeru- tiven it polled predicted their companies would experience in- creased oulos,
The magazino seid 50 per cent expected to hire more € ployees, and 63 per cent Bald they had reached minimum in- ventory for the roles rate they look for next year.-U.P.I.
Exchange Rates
Crawford, 10 cents.
Rubber shares continued to be depressed this week as the Com
bloc countries unist
have stopped buying from Malaya.
Turnover for the week was $3.02 million compared with $2.83 million last week,
overseas
with sales of 60 contracts.
Closing rates word; Jon: 20.75 Mar: 2303: May: 29.43; fly: 20.35, Bept: 2940, Nov: 20.101 Jati: 20.
SINGAPORE Despito Letter ndvlees the murket eased sharp- ly at the opening on heavy up- Country Equidation.
Sellers of lower grado offered Here is a market diary of the fately freely at lower level and offerings wero well covering absorbed with short Trading on moder- nieadying prices towards end of
Markot Diary
weekt:
Friday:
Monday:
Businode was done in the 100%! Tuesday:
exchange unoMelas
Market moming at the following fatya:~~
Vif, duitar (per $13 maalisk Bierling notes (per £1) ju Australian motas (per 21) indanden rupiah"(per 100) Flint sienių 109, 1991 singapore (äldrastaj
T/O: the morning.
No. rabber per Ib. Dec. 9345-0213 Jan. Maji-ja
Feb.
Mar
No. Res soot
231-24
Settlement touse term:
Jan.
24-233
24-24%
2418-244
24344
2416-24%
2415-2441
2491-2433
Jan./Mar.
April/Juno
July/Sept
OcL/Dec.
General markets, cif basis, parte:
Dee.. Jan. and Feb. 2376-2614
Katalo crepe
thin Jan.
thick Dec
AMSTERDAM
METALS
LONDON
International Paper
Im Tel & Tel
John-Manville C.
Kaiser Industry
Kennecos Copper
Liggett Meyers Tob. Co
Lockheed Aircraft
Loews Incorp.
Lone Star Cement Co. Lowenstein &
Sons.
Co.
McDermott J. Hay atenabi Iron Corp. Minnesota Mining Mission Development Mon Chondewi Cine Montgomery Ward Motorola Inc. National Blacus National Cash Icg. "A" National Dairy Prod. National Lead ...... National Steel Corp. New York Central Norfolk & Western Ry. North Arner. Aviation... North-west Airlines (Com. Olin Mathienom
Otis Elevators –
Prices of metals today closed Owen-inois las in sterling
lang ton
follows:
c.l.1.
Ti
Spot 3-month Copper
Spot
2.33 nom.
3-month
The rubber market was steady today. Prless closed in gullders per kilogram, December an follows:
No, rubber
No. 3 rubber
No. 3 rubber
No. 1 repe
2.31 buyera Lend ist halt 2.29 buyers Dee.
per
TÜ
Buyers Seller
Oxford Paper Co Pacing Gas & Elec. Pan American Airway Paramount Picturen Pantry J. C. Co. Penn. Salt Co. Phlip Monds Procter & Gamble Co. Pittburgh Plate Glass 214 Publieker Industriez 2211% Pure CM...........
Radio Corporation
Corp. Pret.
70215 754
700 1/3 767
22115
7316
212 Fet muri
1224 | | Radja
Mar.
70
Republie Sterl
Zine 1st ball
Reynolds Metal
Dec.
7334
74
Mar.
701
7044 Bhell Oil C
UP.I.
Saint Reg. Paper
....
Barony Mobil Dit
Solar Aircraft
COTTON
NEW YORK
Prices of Colton futures
closed today as follows:
54.00; Hpot: 33.73 Born: Dee: Mar 35.00-01; May 347-8; July: 31,37; 33.00-63; Oct: 114 Dov: Mar! 31.54; May 31.00.
NEW ORLEANS
Prices of cotton futures closed today as follows:
Spot: 31.10: Deo; 13; Mar: Mer: 131: July: 3
3000
Deo: 3137; Mar: 3152; May: 11.43,
LIVERPOOL Cotton future closings,
pence per 1b. were as follows:
Amerlour Contract
Deoan
ato Fople. $319,000 Market steady with No. 2 rubber per 1. Dee. BRIE Dec/Jen Dank strong. T/0: No, a
801-811 $300,000,
70-2014 Dec./Jeri 021-8346 Prices continued to pot rubber unhaled
SAKA Blanket crepe
th
harden. $102,000.⚫
T/O: $380,000
15.06 Wednesday: Quiet caruitions,
4.10
eras
No. 4
No. 1 pals crepe.....
LONDON
UCAR
New York, Dec. 4. World No. 4 sugar futuros closed today unchanged to three points higher with sales of 850 eontraeta,
Domestie No. 6 sugar closed unchanged to three points higher with sales of 82 contracts.
learn. Roebuck & Cu
Sinclair Ott
Bouth Puerto Rico Bugar
Bouthern Co. (The)
Bouthern National Cas
Standard Brands
Standard Oll of Cal. Standard Oil of Ind. Standard OR of NJ, Sleep Rock (Toronto Exgo.) Bierling Drug Co..... atakely-Van Camp... budebaker-Packard Curp. Burling Mining Bith a Co. Texas Co... Textron Inc,...
Water Anei. Dil Timo toe. ****** Tri-Cont. Warrant
Twentieth Century Fox T
United Alteraft
17.ft. Volt ""
US, GypsLJT
Hipot price: 2.00 cents a pound, tot 173. Fue Cn.
Open intereats 7,109 conitacle,
in
a
27.85
Mar/April
22.10
Janikty Morph Mny July
Contract No. 4 (World),
100
Union Carbide
nom.
Union Oll of Coi
Urdon Pacific Railway
2.44
May/June
21.83
Neptember
2.00
United Gas Corp.
July/Aug
21.05
Dolaber
Oct/Nov.
20.55
March
20.15
Mixed Contract"
Cit
UA. Rubber
19.3. Rosejting
23.50
Mar/April
27.0
Contract No, a (ammurile)
U.S. Bieni 7 P,0.
May/June
21.00
Mareta
+10
-RO
July/Aug
24.03
Ray
6.67
Oct/Nor
20.23
Ju
BLO
Dec/Imm
202.24
Reptember
SÃO PAULO
Spotter per
per ib. elf NY
G.91
able today.U.P.f.
Open Internet: 1614" congipela 1
The rubber market was steady
Thursday: Batiktactory under at decline with spyt at 28-10/19
fotie. T/O: $700,000,1 kamar pet it. "Filées;
Cation prions were not avail-
สม
104
Leaves UK.
Beiled 7/11
Belled 141
Boiled 14/11 "COROMANDEL 2012 November
"CARTHAGE”
"SUBAT"
"DANTON" "CHUSAN"
Homewards "CARTHAGE"
*SOUDAN" "CANTON" +"CHUBAN" "CORST"
Dan Hongkong
111 December
16th December 14th DuomOZIDE
12th JK,
6th December 10th January 12th December Ilth ImpitipRY E3rd December 19th January
Leaven Hongkong Ute London 18th December
Oh January
14th January
3rd February
18th January 18th February
14th February
As Merch
13th February 10th March
Via R'pore, Penang, Colombo, Borobay, Aden a PL. SkiQ. * "MOUDAN" extenda to Hamburg, Hofterdam &-Antwerp, 200 cmite Bombay.
• "CRUBAN" also call at Naples, Marsellion & Gibralter.
BRITISH INDIA S.N. CO., LTD.
"SANGOLA”
due 17th Dec. from Japka salia 10th Dec for Calcutta, Rangoon,
Fenario de Slogapore
"PACHUMBA" dne 17th Dec. from Japan
its 10th Dec, for Singapore, Penanst
Calcutta Fengoon, Chittagong
P. & O./B. I. JOINT SERVICE
"UMARIA"
"URLANA"
"ODNA"
4421
"'OLINDA"
due 6th Dec, salie 7th Dec.
due 9th Doc. Falls 11th Dec.
Au 10221 Da Baile 17th Jet.
due 2nd Jan. walia Atij Jan.
from BoMKEJ for Japan
from Japo
far Spore. Karachi, Dubai, Kuwait. Haurati
Khorramacabr
from Bombay, for Japan
from Japan
for Singapore, Fenian E Medras, Cochin, Bain Buy Bhavnagar
Tore bunder Kandia & Kara- CHL
EASTERN & AUSTRALIAN 5.5. CO., LTD.
"EASTERN"
Loads 14th Dec. mila, 15th Dec. for Labuan, Bandakan, Brisbane, Sydney, Mel-
Adelaide bourne "ANAFURA”, day 14th Dec, from Australia
Bain 10th Dec. for Zapan
Al vemšļa haya Uborty to enil 4$ 40# porta un or off the route & the conía a sailings are rabjeck 'ta change or amendment with or without notice.
Warner BroN, CARGANDAS
Westp?cistian Air Brake
We trafrasida Riestrie
Western Uniom Tel Co...
You Pulp & Paper Wollwort
For full particulars apply tur MACKINNON. MACKENZIE & CO. OF HONG KONG LTD. Telephone Nos: 27721-4.
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