THE CHINA MAIL, FRIDAY, AUGUST 22, 1958.
BEARS DOMINATE MARKET
HONGKONG STOCK EXCHANGE
Our Own Correspondent
Business done on the Hung- kong Stock Exchange this morn- Ing amounted to approximately $283,000, Noos quotations oni the morning's transactions were
Buyer Heliers Sales
Shares
BANKS
700
770
www
ایم آره الله
Hi Bank
Enst Asia..
INSURANCES
inters
20
DO
Lotbard
20
SHIPPING
Wirelock.
100
DOCKS. ETC.
D***
Provident.
(0)
****
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11
12
LAND, ETC.
20 200
122.
INK LAKE,
1 lote 2120 21 40
Humphreys 16:10 15.78 Realty
RIBBEЛ
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Trust..
A. Tawah
Sungada
UTLITIE
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1.42%
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INDUSTRIALS
Coment
6TONES, ETC
Daury
730
Prices Fall But Harden At The Close
By A SPECIAL CORRESPONDENT
Heavy selling by some local concerns of substantial holdings on the Hongkong down Stock Exchange sent prices
+
on the market during the week, but prices tended to harden at the close
yesterday.
The pressure of the heavy | selling and the lack of buyers "caused the market to retreat with losses. As pressure was Los relieved yesterday buyers came tut looking for cheap counters and prices moved slightly for- ward,
At the end of last work the market received a boost when 32 Hangkong's "Big Three" banks 333ut their overdraft interest rates by one half per cent following 21.06 the London Bank Rate cut,
21.
1.00
Falling Prices
Huyers appeared on the market
Sentiment Improved slightly on the news of the latest re- quetion in the bank Interest rates but thin tran Infor- tunately short-lived with the market in its present cautious mood, and ROMD renewed selling
prekmura caused further recession in prices
`However, signs of resistance At the lower levels appeared on the closing day with some of the lopers making a frac- tional recovery.
Market Diary
a
Here a market diary of the
in force for the first time shwe | week: the Middle East crisis but they
Friday: on appeared when sellfog 250 started and pricen began to fall. 2『, , 1500...
Monday:
It was pol until yesterday that prices reached resistance level, The share to stand un by 1992 itself during the week was Docks, 25 co which climbed up aleadily while
other stucks were falllug. This Tuestley:
ZA
[W]
FRO
-.
1740 1742
1500 w
17
400.
27 40 37.MI
25 12
24
Fo
2240
17.40 17
Min ill
1040
17.30 125
Waterm
20218) G
10400
CITY LIGHTS!
COTTONE
Textiles
2.70 Rat
Nawymag
INVESTMENTS
Yongun
547
5101
Allied
300 4
CHICAGO
GRAIN MARKET
Chicago, Aug. 21. Prices per bushel in ceals:
Wheat No. 2, red
St
Set.
1931 1825, 11.
1021.
100.
illa:
1941-17 18-1
Zy
May
July
Corn, No. 2, yellow
Spark
Sent
T
Mar
New
MAT
Rye
Sept.
Dev.
Outs
Sept.
Dec
Soybeans, No. 2, yellow
Spot
Skrut
Nou
Jall
Mar.
33129-135 220
1-1 117,
1274
བྷཝ།
62'7
22041
22 04-224
-
-24.
May
July
Barley,
Spot
New York '1lour
-UP.I.
200 lb. ruck
120-140
"Patriy quiet, Ma-copper, cocon and Mr. Codfish ell made modest advances 12
chip closed at $42.75, a gain of 75 cents on the week.
Two shares which showed the biggest
fill
but managed to [recover a large part of their Jos before the else, were Botels
Trons. and dropped from $21.40 to $20.50 before they recovered to close at $20.90.
Thursday:
Some enrourage- erst rough Bank Interest
etil.
Tate T/O: $1,065,000.
Dull conditions pres,
valled.
$131,000,
T/0
Smali losses in light
Rquidation T / 0: $840,000.
Wednesday: Easier, tendency.
T/O: $525,000. Shade steiler end tending to harden where changed. T/O: $415,00,
Winter Dacron
NK Bank Lombard
Valon Wheelock
Uk Wharf
HK Docks
Provident
HK Hotels
-XS
Mutual Fund Quotations -
Conditions
„Ktului Funda Affliated Fina
Bus Shen
Am
Ax Stock Boston Fund. Bullock Fund
Frity Fust.... FFM
Foundere Com Stock Hamilton F G
Instit Tund
Insit Growth
11.15
Bayres Halters
* The Share Market
At A Glance ★
0.51
7.00
4.34
3.74
*
Tip or
10.00
:7:30
기압 $13
July 24
July 30
70244xd
770
Ане. 7 7001
Aug. 14
Anr. 21
Down
Canada Gen 2
1.36
1444
770
785
Carabina V
103
封
200
281
201›
286
28b
steady
En Tol Cauwiki
Chemtrol Na
17.34 PIR
751gn
1314
34348
74364
+50
Dividend St
2,78
ர
CL
0.05
0
5.00
-100
Brestua Fi
10.26
100m
101%
1014
1010
100%
-$1
Paten & # P.
22.01
FX35
Faton & 11 Stock
21.2.1
*.72
Alb
42b
4211
42b
4231
+750
34,00
13.23
11.00
11.006
13
11.80
11.80
stendy
3 65
4.0
22
21:00m
41.50
21.40
20,30
500
Fuel
0.48
1.1.
13.00
HK Land,
32a
32/4
3134
32
steady
13.00
4.34
4.33
HR Realty
1.375bxa 1.40b
1.50%
1,40
1.40
stendy
17.129
HK Trama
26
2014
20161
28.10
25.80
-300
10 67
11.02
Star Ferry
113
1136
1125
110mxd
1100
steady
I ce
077
iry Trueton
Taumatis
054
04
941
05
PN
+$1
Keystone Cus. T
24.50
10.172 25.03
Ch Light
1714
17.00
17.40
17.50
17.40
--100
Mass Inv Tr
11.72
Electrics
27,20
27.50
27.20
27.40
27.40
steady
Mas Growth
11.
12.01
Net Sec Growth
426
HK Telephone
25.00
25.00
2314
25.00
25.40
---206
Scudder Suck
SLAS
G. I. Cement
22.70m
2234h
22.804
22.79%
22.20
-500
Dairy Farm
17.20
170
17.40
17.30
17.30
steady
11.70 12.74 G.1 $5! 13.06 1429
10.000
10.80b
10.801
10.700
-100
BTL
4.575%
10.000
43
Gn 4.55% 10.800
in
6.85
-15¢
4.55m
4.05
4
-550
10.600
10,000
0.80xd
steady
7.700
413 0.00
3.80n 6.911
A. S. Watson
Yangiare
Allied
HK & FE Inv Textile Corp Nanyang
10.00
ת
3.85% ተና
6.90b
ADVANCE
FRONT
STOCKS
ON WIDE
New York, Aug. 21.
Stocks advanced over a broad front on increased volume to-
day.
Each
timo
uncertainty | Allis Chalmers. developed something came along A. Brake Slice
American Airline
Amer. & Forgn. Power
to help the uptor, The latest An Cable & Radio Corp. was a three for the pluck spilt | American Gyanamid Co. for Florida Power which ant that stock up two points and Have the market a new tense of life.
News generally leaned to the favourable side all day although there was a moment of herita tion when the -Compress loved with juncing the melays bill.
Oil Shares
Oil shares rose
frnctions
Am. Gas & Eitelle At. Efte Prod,
Ain. Mach. & Fúry. American Metal Aanertean Smweltlag An. Sugur Ief. American Tob. "B" Americnti Tel & Tri
Absentido Copper Armeo Sleek Armour
Attas Cane. Ming Baldwin-Limu-lam
"Baltýmore & Ohio
to Benefetal Finance
more than a point. Coppers ro Delix Aviation Calp, similarly.
New York, Aug. 21.
A quod market was E. 1. Du Pont de Nemours and Company has started commer-Loted for the steel and motors. Nels vind production of a new type Chemicals and
15
Benguet Conx Bethlehem Steel
Boeing Almplane
Borden (The) Co Hungths Add Machin
of Packing Citp.
of darvon sullable for winter as swung into line. Railroad share. well as summer apparel, it was, re streng with grins runhing more than a point. A 1995 et of special issues rope one like 13. 1.3 Co
announceri,
The fibre, call "Dueron 3 two points. 64." is being produced at Kings- ton, North Carolina. It is priced
ut $1.51 & lb. or 10 cents more than standard Dacron. China Mall Special.
Hotels Exchange
FR Trams were losing 66 cents at ane me, but they a climbed back to $35,80, a loss of 30 cents on the week
There were only four shares that were higher this week, eight unchanged "and 12 lower, com
paresk with eight higher, đườ Jinchanged and 11 lower last greek. Turnover was up to $3.07 million, compared with $2.04 | milion last week.
Erratic Display
Here is on lee Home Street observer's account of the market: Altouch the Stock Market Eave a somewhat etraile dis. play during the past week, closing prices show only frac- tional changes in comparisoli with those ruling at this timer last week.
Of a total 1.151 Isac irudied, 591 were higher, 300 lower.
New York Stock Exchange volume was 2,500,000 shares.
New York Stock Exchange Fond volume was $4,760,000.
Dow-Jones
closing averages
Celanese Corp.
CIT. Financial Corp. Che Manhat. Bauk Chrysler Molurs Gueu Peabody Colgate-Patinoliya Cabin Carbon Co. Commerelal Credit Commonwealth Elee
13
199
|
Tely F FJ
Value Linn d Wellington
דל.10
0.01
12.07
24.10
MUTUAL FUNDS INCREASINGLY
POPULAR IN U.S.
New York, Aug. 21.
Two strong trends within the
increasingly popular mu-|
Firm
In London
Stock
London, Aug. 21.
market continued firm today although con ditions were not quite so buoyant is at the start of the new account yester- day.
Industrial equities attracted large buisiness and further widesprend gains were megved although some of the morC speculative counters popular in Yesterday's kidustrials boomlet were quieter today. The market was carried along today by the many investors who decided to gone in after observing yes- terday's rise,
*There
A brisk busi- ness In steel shores with in- vestors optimistic about the uhukelihood of re-nationalisa- tion.-U.P.I.
Singapore Stocks
Singapore, Aug. 22.
Brokers today quoted the
tual fund industry are following stock prices:
emerging, according
Financial Observers.
to Balu Lintang Rubber Co
Lki
Openis!
$1,72
Britlaty BoTara Patroian
First, mituni fund sponsors Byudiente
40/-
Tin Sments
24/-
$101
Gammon (Malaya) Limited 11 45
Shaspital A Banking Corp. thehong Tha Ljú.
Humpan Lid, ......... Lunta Kampar Tin
4/30
32,5214
2514
男日
with existing muluni Aunds, and Consolidated
Ord. Wall Street investment banking Fraser & Neave . Onl RZ14 firms will launeli more invest-1 Rinser & Nerve Pyt, eum. ment companies this autumn.
Secondly, more and more Hongko mutual fund sponsors, whose share are now offered to public in most cases by a United States-wide network of dependent dealers, will make commitments to relailing frons.
Currently, there are a timaler 2013 mutual funds in North Amerlen with sets of $11,653 million. Of this total. 186
Are in the United States. China Mail 'Special.
24
General Electric
JB
General Poly
22
General Motor
0
Gen. Pub, UM
431.
Gen. Tyre & Rubbe
174lden L
Betty Di
272
43
Goottich B. F. 9,
0574
10x
Goodyear Tyre
0172
09
Comman
21
23%
Gull 0
4
Hesten Newport Cap
14
123
Homastake Mudog .
103
Ingersoll-Hand
103
32 Steel Co.
BOL..
31
Interchemical Cont.
BA
fort Business Mit
3724
*
182
Int farve.tes
10% International Michel International Paper
125
361
24
Join-Mavalle 4.
Sky, Balser industry
43
3
212
35 41 xኔ: ልዩ
C. Power & Light
Taggell Meyen qiy Lackleed Aircraft. Iaw e
Kemett op
Lone Star Cement En. 43 wenstein & Son.
McDermott J Rey
Merionell Alrevah
Slack ExC.)
111,
459
* * *
Campbell Soup C Camadan Paelle .
49
26
-2
10
Metab In Corp
521.
Minnesota Mching
Mission Development
13.
Monsanto Chemiscal Co.
-MemegoryWa
4074
Motorola Inc.
6244
National Biscuit Cr.
400
National Casti
ng "A
Consolidated Elisan
SHA
National Dairy Prod.
Continental Cul of Del
Nailstal Leall....
07.18
Crown Zellerbachi
121
20 roll
332.14
Diamond Alkall
3
15 utiles
78.(1
Dianions Match Co
23
282,
local
na stovka
174 13
the
41 bonds
45
Comm. future price index.
153 4!
S.ND
16.04
3251
(653 | Alden Ing. Acy. 2630 | Allied Chemicala
All Mills The.
Rates we
was done the
exchange Market morning at the tollowing raten: VS. döðlur (per $1. Sterling holes yer £1
Australian neter C £11 Sam urat Cor 100) Indonesian rupiah (per 1003
Singapore (5fcalls).
t or street
Closing Prices
Douglas Alterat
Dow Chemicals...
Dupont de Neinnurs
Fastern Airkne
Eastman Kodak
אלד"
19505
367
112
Pazer National Gas Family Finance Corn
2014
Firestone Tyre & Hubber
UG
Ford M
33%
General Dynamies
COMMODITY PRICES
FOREIGN EXCHANGE
NEW YORK
Closing vales were:
14 designaled sput | to at markets was 34.63 cents.
Aug.
239-17.
Sept.
23%-21
Det.
234-237
Sent.
STA
talo cerpt thick Sept.
Total sales were 24,534 boles. Estate req
JJVERPOOL
Cotton future closings, in
pence per lb. were as follows:
American Contract
Oct/Nov
24
Dev./ Jatt.
24.30
Mnr./Apr.
24.42
May/June
24.44
July/Aug.
24.30
1.004%
20-11/16
Mixed Contract
2302; 3.793 224-8/16
Oct/Nov.
24.03
Dec. Jan.
24.60
Mar/Apr.
24.70
24.05
July/Aug.
24.30
-U.P.I.
Suvelair Ol!
Southern Bailway Comm
Staudal Brands"
Stamlard Oil of Cal
fla
Lunny Rubber Ekintea 12-1 Balayan Breweries...
Now Sermdan Rubber Es Petaling Tin t
Snerpere Crib StorREG Straits Trad
Bennship
$3.50
$0.20
$1 (19
50.01
• exclic. ↑ kall-China Sveeni
53 Ant
Mall
Unite Engineers Ord Wenme Bras
P.OB.I
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N. CO.
Outwards
"CORFU"
*
"KNYBER" "KARMALA"
Leaves London Salled 24/7
Due Mongkong
29th August
Strength of Bank E
ase of Withdrawal
Interest paid
wishest
deducium of
ommands Confidence
United
Kingdom
Jacame f
nequalled Reputation
ealistic and Stable Rates of Interest
nterest at 6% per annum paid twice yearly
Total assets exceed £35,000,000
Y
ou can open a Bank Deposit Account to. bring you all these advantages. Send today for Free Booklet No.AO. 74 from General Manager
LOMBARD BANKING
Head DДk!
LIMITED BANKERS
LONGARU HOUSE. DURIAN STREKT
PARK LAKK, LOM203 W.S
Telephone: Bro 4111 (20 N401)
Azwcciased Dank:
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2.7. 202 2984, RECOND FLOOR FELLATIOJE ROVER, RAFFLES QUAY
A World-Wide Bàriking and Pisance Organŭstion
10-
C'onada Exploud
11
20-days
Australia
New Zeninud
Brazil
South Africa
Other thangeel,
LONDON
Closing rates were:
New York
Montreal
AmsterdamTY
Jurgela Copenhagen Frankburt Milan Oslo Stockhoun
VIBRA
Zurich
2.19-22/ 2.81-1/16
2.007.-2.00", 2.70-73/18-2.70-15/18
E007-10ATA** 139.077-130.12
JD 34-4-13 1170-11,70
44/01-14.4433 72.30-72.47 201212211
Others unchanged-UV.1.
COTTON
NEW YORK
Prices of colton fitures closed today as follows:
Sixit
Oct.
אI
Mar
3035
23.07
30.24
310.20
23.11
ww
34,10
May/June
RUBBER
Hex
NEW YORK
rubber futures
today closed 18 to 34 points higher with sales of 51 contracts.
Closing price:
Sept.
Nuv.
Jan.
Mur,
May'
July
Sept.
AMSTERDAM
20.00 ZOCS
ՎՈ
20.47
الدالة
2020
20.10
The rubber market. was Inteady. Prices closed today all-
unchanged.
SINGAPORE
The market opened slightly higher on improved overseab advices and hold steady with good interesi In lower sheets. Futures:
NEW ORLEANS Prices of cotton futures clus- No. ed today as follows:
Sport
Oct.
Mur.
Max
July
Oct
rubber par 1b. Sept. 114-03
U..i.
SUGAR
National Steel Corp.
New York Centrai
Norfolk & Western By
| North Amer. Aviation ...
North-west Airlinen (CZNA. 4 Olin Malleson
Ou Elevators....
Owen-linols Glass
Oxford Paper Co. Pacife Gas & Rice.
Pan American Airways St Petunia Hoke Davis (6. Peony J. G. Go. Pekan, San Ca Pa Marly.
Frasine & Gamble co Pittsburgh Plate Glas Publieker Industries Pure O...... Radin Corporation Jadi Cara. Pret. Republie Steel'.
Reynolds Meist
Stars, Roebuck & Co.
Sel! Oil Co.
Sani Reg. Paper
Soemy Mobil
Solar Aircraft
Soul Poerto Rico Star
Southern Co. (They
Southern National Cas
Standard Ol of loc,
Standard Oil &
N.J
Steza Hock (Tort Exped) Sterling Drug Co.
Stokely Van Carop. Stud-laker-Packard Curj
Sunshine Mining SWH & Co.
New York, Aug. 21, World No, + sugar futures closed two points higher to one point lower with sales of 10 Textron Inc.
contracts.
Texas Cu.
Tide Water Assn. Ol Domestic No. 6 sugar nutures Tune Ine.......
Tri-Cont Warrants closed unchanged to one point Twentieth Century Fox Kam higher with sale of 123 con- Unkn Carbide tracts.
Union Oil of Cal.
United Aircraft
United Gas Corp.
Contract No. 4 (world) Dept: 0.47; Oet: 3.40; Jan: 3.51: U.S. FOR "B" Ktar: 3.44; May 2.43; July: 4.63; 0.8. Gypsum Sen: 3.44; Oct: 3.40; Spot-lerats U.S. Line Co
U.S. Kubber per ib. fois Cuba): 3.46.
Quen terest: 6,118 contracts.
Contract No, 0 (domestic) Sepl: 0.85; Nov: 5.83; Mar: 5.61: May: 3.00: July: 8.73; Sept: 5.73: Spot-cents per lú, eit NY ex-duty): 0.05.
Open
contracts, U.FI.
interest: 0291
METALS
NEW YORK
Prices of metals closed today In cents per lb, as follows:
LARS! Aug.
Sept.
Zinc
AL Sept.
No. 2 rubber per lu, Sept. Tai-Copper Aut. No. 3
13.18
No.
எ2
Spot rubber unbated
30.27 Blanket crepe
3.10
No. 1 pale crozie,
街
32.10
BAO FAULO Colton future closings,
klio
Der
Oct. 02-02
14
2015-7712 71-72 016-013 12-04
Sept
Tin
Aug. Sel..
LONDON
30-00
LONDON
0.7OU
9.
0.000
13.001
IN.00L
U.S. Singiting U.9. Steel
U.S. Steel 7 P.C. PF Werner rus. Westinghuse Air Brake Westinghoure Electrie Western Union Tel. Co. West Va, Pulp & Paper Woolworth
Four-day Week
Shefeld, Aug. 21.
of a
A big Sheffield pleci works is to Introduce a four-day week from August 24 because slackening of orders for speelal ulloy steels.
The Arm, William Jessop and 23026 Sons Limited, who employ 3,000 worker, any: "It is hoped that the present recession will be a short one, and employees are assured that normal working will be restored as soon us the order loud justifles It."--China Mail Special.
дз The rubber market was steady
with apot quoted at 28% pence per 1. Prices:
Prices of metal; closeą, today in sterling per long ton folloive:
Cruzeiros follows:
Get Dec. Mr.
were
No. 1 spat **
2016-231
Settlement 1 form:
<0.00
Bept.
Copper spoi
60,00
Oct.
$1.00
3-month Lend 2nd half
Atay
Iser Linguiolet Apal/Jube
kalf Aug. half Nov.
In the United State th July/Sept.
2336-24 2016-2013 241-245 Lead 21 halt NOV,
average price of one-inch cat-General markets, cif basis, ports:
Zine
Duvern Beller!
7342/
730
737
9 14
20
20711
Agreed, Merchant Rates
Swiss Fran Selling 70%.
Maximum
West German Deutscherakrita Maximum Selling 71-18/10.
→
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