THE CHINA. MAIL, FRIDAY, NOVEMBER 21, 1958.
WEEKLY REPORT ON · THE HONGKONG
MARKET GETS
★ The Share Market At A Glanco *
HK Bank
Lombard
HK Hoicks
XX Lands
K Bolly
HK Trams
Star Ferry
Down
ag-
+500
steady
Up or
Oct. 23
Oct 30
747346
74735
281
25.70
Union
YIN
711
Nov. 6
747 14m
176 7114bet
Nov. 18
348
Nov. 20
740
-$3
37
27n
-30%
73
7314b
Wheelock
0.80
5.85
5.40xd
4.35
5.30
HK Wharf
943
BU
946168
05
959
HK Dockk
44
433
43
43
430
gleads
Provident
11.30
11.S06
11.40
1144
12
+500
21
21.30
21.30
21.30
21.30m
steady
3014
3016
30
30
3014
steady
1.375n
1.425x
1.401
1.370
1.35
-340
24.20b
26.10
25.201
25.20
25.40
+20€
1006
100b
100%
100
107
+$1
Yaumatis
934
61
90%
00
8D
--$1
Ch Light
17.10
17%
17.20
17.10
17,10
steady
Electrics
24.00
24,80
24.10
24.00
24.40
~~~~200
HK Telephone
23.80
23.90
28
23.00
23.70
6 1
Cenient
23
22.80
91.20
23.60
2414
+900
16.com
15.40
13.50
15.40
15
+100
ць
11.36b
11.30
£1.70
12.40
+700
139
13
13
13,00
13.40
Gb
ర
5b
5b
45
4.100
4.100
4.10n
9.205
0.100
0.106
*
4.025n Da
4.10%
4.650
*
-200 steady
steady tendy
7.100
*14
7.10b
7.05
7.05
stendy
THE
TALLY
Hairy Farm
A Watson
Lane Crawford
Int'l Investment
Allied
IK & FE v
Textile Corp Nanyang
Last week, 8 higher. 7 unchanged, 10 lower. This wech, 7 higber, 0 naohanred,
BEARS TAKE
lower.
902
SEVERE
DRUBBING IN NY
New York, Nov. 20.
Bears took a severe drubbing in Studebaker-Packard to-
day in an active, higher stock market.
The short interest in Stude baker reported after the close yesterday,
totalled
hures contrasted with
reates a month ago,
The first hour sale of Stute-
Barker wh
Armour
Minu
181
Stock Exas ›
10 Mei Iron Caru
Misston Development Mastranto Chemical ).
30
Montgomery Ward
Atios Cons,
455,064
Baldwin-Lime-Husti
11
Baltimore & Ohi
12
291,414
Benettelpt Finance
241
Blend.x Aviation Corp
B4
Matarola Ing.
Denguet Con
45
National Bleuli Co.
a block
Belkhem Steel
National sh Reg "A
of 50,000
Boeung Airplane
312.
National Dairy Prod.
sures at $15 up
point, it
Borden (The) Co.
17
National ad
In
the early
Burroughs Add Machine
Lading as the bulls
orts to cover.
Norfolk
drove the
Calf Packing Corp -
Campbell Soup Co,
19
Canadian Pacific A.
30
North Auer,
244
292.
extended rise
L
Mil
ولار
Publieker Enchantries
Procter & Gamble Co
Radio Corporation
Rain Corp. Prei
Republic Steel
Heynolds Metal
Beurs, Roebuck &
and Western lost more than a point after soaring but Virginian Rail- verday,
way with which is slated to merge gained nearly two points. All-Time High
El
Inclust-lal shares were closingt¦
between yesterday's Close and The all-time high set <: Monda
The Ameri can Stock Exchange, Ford Ltd
higher opened fraclemalte
an 11.700-sture block
Later in the day, the market
Case J. J Cu
at Trucior
Celanese Corp
C.I.T. Financial Corp
Chrysler Motora
Cluett Peabody
Colgate-Palmolive Co.
Colombian Carbon Co
Commonwealth
Cuban Amer. Sugar...
amond ADents...
Diamond Match Co.
Durian Aircraft
Low Chemicals ..... Lapont de Nemoura Eastern Airline Eastman Kodak
Phao Nations! Gas
katal of 1.243 Fan Finance Cather
with Sinek p witch 334 advanerd. clined and 219 held unchanged. New highs were set by 153 ah new low by one.
traded. out of
470
New York Stock Exchange Volume was 4,320,000 shapes.
New York Stock Exchange band volunır was $6,000,000.
American Stock Exchange volume was 1,720,000 shares.
Dow-Jonca closing averages
were:
30 Industrials
Fitone Tyra k
Ford Motor Geral Dynamics
General Electri General
Foods
Geral Motors
Cen Pub th
then, Tyre & Stubber
Getty bi
Glidden C
Goode (B. P, cât
Goodyear Tyre Grumman Aircraft
Hayden Newport Corp. Hamentake Mining Co.
ちょいちょ
National Steel Corp.
Now York Centrai Norfolk & Western Ny.
Aviation
North-west Airlines
Oun Mathiesen
Otin Einvalors.....
Owen-Illinois Glass
Oxford Paper Ca
closed
STOCK EXCHANGE
Pago 9
A SENSIBLE WAY
to invest
A BOOST Your Surplus Income
Bullish Factors HONGKONG
Push
Up
Selective Issues
By A SPECIAL CORRESPONDENT
STOCK EXCHANGE
Our Own Corrospandaar Bualneas done on the long- itong Stock
Exchange this
mately $400,000. Noon qubtu-
tions were:
Bharts Buyers Seller BANKS
Agle
740
6.30 5.30 ENDO C
2000
100 0
6.30
The better interest on the Hongkong Stocking amounted to approxi
Exchange this week, especially yester on and the morning's transac- day, started moving the market once again after a number of quiet months. The increased volume of business and better enquiry is a bullish factor that may be the pointer to a more active finish for the year. A month ago it looked as though the market would just drift along to the end of the year. Land 302 3030
Leading the rise on the market; なお
week were Providents. Coments and Watsons which att had substantial gains. On the other hand the utily section
due was depressed
the to (liquidation of Electric and Phone frights which still predominated.
Improvement
The slight improvement in the the shipping business may be one of the reasons for the sudden demand for Providents, which to rise all week to continued
close yesterday at $12- 50- vent gain on the week,
Cements continued to make progress reaching $24.50-their highest quote since February this This 00-cent rise sull year. leaves Cements in the 10-per- 2134 cent-plus yield section.
3།
3911
404x
4236
Watsons bit their high this 5315 year with a gain at 70 cents on. 515 the week reaching a quote of
$12.40 after a long period fl 4nactivity.
Bu
1104
74%
961 10%
Hongkong Banks were still de-
20 pressed-down $5 Lrs $740-- although their Lendon Registers 234 are now at £4444 compared with £414 at the beginning of This month.
Old Scrip
Wheelocks dropped another
206 five cents this wock closing u
741 $5.30, the lowest they have ever One reason for 50 boon this year.
12 this is the sudden appearance 7815 40% on the market of large batches 40% of old share scrip-$20 share
which
down tro
have come
20 Shanghai, Shares have been at 375 par since the company polit Their $20 shares Into small lots in 1952.
B0A%
4454
K
Amalgamated Rubbers con- tinued to improve riding to $1.85 yesterday, their highest since
In many months, led to a mere cheerful tone at the close with a number of evanters register- for appreciablo zaina,
Cements (52€.80) have lack. ed op 10 cents, whilst in the stores group Watsons ($12.40) added 70 cents under steady support.
Utlites were generally quiet with the rights for Electrics and Telophones losing slight ground
China Providents ($12) made further steady improvement to close at the week's high.
rubber Be
section, Amalgamated were partioul-
[C]TYŻLIGHTS:|
MUSIC
REPORT
"Profis fortissimo-lasSCI
pianissimo-dividends con brto-OK,?"
arly motive, closing fractionally bigher than last week
The undertone has quile alendy ihroughout.
Market Diary
been
Here is a market diary of the This Week:
(Com)
38
5074
33
521
451
Paelle Gas & Elec.
#31
Pan American Airways
44
Paramount Pictures
40%
Comercial Credit
03
Parko Davis Co.
まやす
Elea.
334
Renny J. C. Co.
Consolidatext Eden Continental Oil of Del. Crows Zellerbach
Penn. Salt Co.
273%
Philip Morris
30
Price Oil
57%
15
204
332
LOSEL
33
Shell Ol Co.
31
Salna leg. Paper
[A
Sinclair 341
4011
Socony Mobil O
40%
Solar Aircraft
19
Houth Puerto Rice Buger
2011
ጉር.
Southern C.
The
43
482
Southern National Ga
251%
their 1956 laigh of $2.075.
Southern Railway (CUMA.†
6141
Standard Brands are
Steep Rock Toronto Exe
12
of rubber enused by Russia's
Stering Drug Co
and China's demand for rubber,
Sitrine Mini tangg
B
113)
Nwift & Co.
STY
Textron inc.
18 heavily from Malaya.
Tide Water As," "Oli
2037
Time Inc.
taw
on the week closing at $2.
13%
Tri-Cont Warranty
ZD
Ingersoll-Rand
Twentieth Century Fox Film
401
inland Steel Co
101
Union Carbide
120
Union Oil of Chl
443%
Intercbemical Corp.
Union Pacifla Hallway
નાગ
In Busines Machines
442
Int Harvester
United Atretati
6
423%
Ünited Gus Corp.
International Nicket
sa
U.S. Foll "B"
International Paper
110%
Ingi Tel & Tel**
Ü& Gypsum
John-Manylllo Co.
078
US Line co
UB. Rubber Co.
24 Katte
150.19
Katmer Industry
18. utilities
$7.44
Kamas C. Power & Light
44 B Sice!
45 stocka
100.03
Kennecott Cepper
191
40 bosids
70%
Comm. future price index..
Warner Bros.
US Steel ? P.C. Pr
20
3424
Closing Prices
Aiden Inc. Ac
Allied Chemgale ABled Mille Inc.
Allis Chalmeta
Ain. Brake Stoe American Airline
Am. Cable & Radto Cory.
American Cyanamid Co.
Amer. Forgo, Power
Ain. Gas Electric
Am. Buine Prod.
Am. Mach, dry American Metal
American Bmeting Am. Sugar Ref. American Tet & Tel Aretican Tob. "D" Anaconda Copper Armeo Steel
3:00.24
30.51 Liggett Meyers Tob. Co. 158.15 Lockheed Aircraft
45
13, ametinā
Lowenstein & Sens.
McDermoli 3. Ray
Aircraft
[Am.
001% } Westinghouse Air Brake
Westinghoum Electric
Weiern Union Tel Co
142 West Va. Pulp & Paper
Woolworth
Loews Incorp.
Lone Star Cement Co.
23 McDonnell
ÃoÑ6K73-276€£££666
Singapore Stocks
Singapore, Nov. 21.
quoted
Brokers today following albek prleen:
Batu Lintang Rubber Co.
Diritisty Dotheo
401
may be due to the rising pricu Friday:
which they have been buying Monday:
Rubber
Trust also tacked on 10 ecn
Turnover for the weeft was
32.78 million compared with 32 million last week. Yesterday's turnover of $1.130 million was
Tuesday:
Virtually uncha
ed. T/O: $383,000.
Quter conditions. T/O: $311,000. No material change.
T/O: $580,000.
Wednesday: Quietly stendy.
216 | the fifth highest turnover for a Thursday:
day this year.
43
385
184
Cheerful Tone
Here is an ice House Street
observer's account of the market
Signs of better enquiry fo yesterday's trading when the turnover exceeded the mAllan dollar mark for the first time
COMMODITY PRICES
FOREIGN EXCHANGE
LONDON Closing rates were: New York Montreal
Copenhagen Frankfurt
Milu glockholm.
Quiera unchanged.
2.00% -2,00-9/10 5.71-3/10-2.711
1933-19.51%
11.10-11.101 1745-27403%2 1170-11701 14-10-14.4%
--U.P.I.
COTTON
Paris
Z.tif,
Byndicate
the
Opening
12 Petroltum
20% са Consolidated Tin Emelters
Ordi.
204 Fraser & Neave Lid O. #101 Fraser Neave 72% CI
cmmons (Malaya) Ltd., Itongkang
Shanghai
$4.15 $1,70
$300 $1.47 -
Baking Corp....
Hongkong Tin Ltd.
Kumpar t.fd.
Kuala Kampar To
Just Rubber states Ltd. 9064
Jamlayan Brewerton ............. $1.45 New BeTait Rubber Co.
Lad.
Paling Tin Ltd,
Tapion ofal
ainesport Cold Biurage
Site Trading
straits fideasbyhip War Biog
United Engineer Chrú.
NEW YORK
New York, Nov. 20, Prices of cotton futures clon- jeć today as follows:
Boot! ung.; red: 2.; Mat: 30.20-230: May: 20.021 July: 54.08 Ort: 3171; 140: 31.62; Mor: 31,78: May: 31.05.
LIVERPOOL
ST
Cotton future closings, pinco per 16. were na fóllówni Aindrlean Contract
KOZJ40) - PX4; MartApril: xnki MEZZIVOS: „BAJN TESZÁMO
"Ošl/Nov: £125.
Mixed Contract
Dec/Jan: 23.80; Mor/April: 23.40; May/June: 23.901 July/Aug: Oct/Nov: 21 55.
SAO PAULO
Cotton future
per cruzeiros follow
closings, kilo "were
The
22.1 steady
Dee: 6720; Mar: 63,40; May: ÚT.DO: July: $0.00.
LONDON
rubber market was with spot quoted ai 28-13/10 pence per lb. Prices: No. 1 Rm spot
2014-2016
bruse term:
T/O: $372,000
More setive trading conditions.
$1,130,000.
T/O:
Production
Of World Rubber
Washington, Nav. 20,
FK Bank. 740 743 SHIPPING Wheelock pocka, ETC. Provident,
(0)
HK Hotel
14.60
Humphreys
Realty 1.34 1.376 6009 RUBBER Amalg.
You have enough lite inaur- fessional investment
ance and a good reserve of ready ments.
cash in a savings account, Now
manage-
you're ready to invest your sur- . Through use of fractional plus income in the future of shares, all money you pay la. Mutual Investment American and Canadian bud- under a
Company Program for periodic ncas.
investment, is completely in- vested. Accumulation may be further speeded by reinvesĺment of dividends, If desiredi
We suggest that you do this through a program of Invest- ment in shares of one or more Mutual Investment Compantas. Through such companies you
sum
There
D. You pay only the usual can obtain a pro-rain interest sales charge for buying shares In a diversiẞed list of up to 100 of the investment Company you or more securities. No large select. You borrow no money,
is needed to start your so you pay no intercal Program, which may be con- are no "extras" or "penaltle", tinued with additions of as little You may discontinue the Pro-
U.S.$20 at a time.
gram, without charge, at any time. HERE ARE THE ABC'S of SUCH A PROGRAM:
E. Once your Program is established, all further invest-
A. Thruugh a Mutual Investments may be made by mail, ment Company, you share in direct to a Custodian Bank, it the future of a broad cross you wish, section of American and Canadian business,
WHY NOT GET THE FACTS about this simple method of pro-
B. The securities held by putting surplus savings Mutual Insument Companies, ductively to work? Stop in, and write of 'phone us today. Or, pro- use the coupon below.
12
21.30 21.40
100 1000 + 3020
2. *
500 F 30.28
10
are carefully selected constantly supervised by
1.30
Trent
A. Tawah Sungala UTILITIES
2033 2474
2.00
1.023 1.00 4000 183 2000 C 1.09 3000 2.10
13.00
103
....as poo
20 1,000
100
23.40
3000
7300
00
300 # 00.50
Star Ferry Youmati
10)
Electric
750 +5 90
IT 17.20 4200 47 17,10
2000
24.30 24.00
17.10 000 24.40
1000 24.40 Rs. 10.10 13.30 1000 1 13.20 2007 13.20
Telephone
21.90
INDUSTRIALS Cement 26.00 STORES, ETC. Dairy...
M 1050 23.00
100 2
103 #9 23.00 500 24
23 500 24.30
10.00 19.30 17.40 Lane, Craw. 10.30 13.80
Watson
INVESTMENTS
Int. Invat
H.K. A F.E.
Invest...
6.10
9,50
1000
12.30
3.00
STOCKS MOVE TO HIGHER GROUND
London, Nov. 20.
The unexpected cut in the
bank
Bent rate today most sections of the stock market into higher ground led by gilt-edge securities.
move
蹄
PEARL MUTUAL FUNDS INVESTMENT LTD. 502 Bank of East Asia Bullding Hong Kong
Tol. 38321
Please send me, without obligation, your folder: "Advantages to you of investing in Mutual Funds"
Name
Address
PO BI
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N, CO.
"SOUDAN"
"PERIM"
"CARTHAGE”
"COROMANDEL"2th November
Outwarda
Leaves V.K
Skied 7/11
Soiled 1/11
Balled 10/21
Dua Hangkong
13th December
17th December
14th December
to many 0.5 ä
•
13th January
"SURAT
"CANTON"
ath December
10th January
12th December
12th January
Issues were
were
credit The
casing pushed government bonds up by as much as 4hs at the close
Industrials issues reacted the development with
much stock galning as shilling. Steel, television, tobacco and store particularly strong.
Foreign
qulei and dollar stocks were mixed despite the overnight Well Street.
bonis
risc on
Oils stocks and gold stocks were mostly firm and gold stocks scored fresh advances.-U.P.I.
"Mutual Fund Quotations
The following are quotations. of Mutual Funds in the United States in American dollars. The buyers' quotations include com- mission:
krutual Funds AMliated
Am Bus Shr Ax Stock
World production of natural Bullock Find
13.06
Homewards "CONFU" "SALMARA" † "CARTHAGE"
"PERLY" *
"CANTON" "CHUBAN"
Leaves Bongkong Der London
21st November
7th December
10th December
B January
22nd December
19th January
3rd February
10 January
18th January
7th February
10th February
Jed March
Via S'pore, Panang, Colombo, Bambay, Aden à Pt. Bud,
† "SALMAHA” joada for Straits Porta, Aden, Pi. Sald, Leudoa, Hamburg, fotterdam & Antwerp,
* “PEKIM” loads for London a N. Continɛng only.
BRITISH INDIA S.N. CO., LTD.
"BANGOLA" Bud 20th Nov.
wall 30th Nov.
"PACHUMBA"des 18th Dec.
17th Dec.
from Calcutta, Rangoon, Penang & Singapore for Japan
from Japan
for Singapore, Pepang, Rangoon & Calcutta
P. & O./B. I. JOINT SERVICE
Sellers Buyers
6.93
1AD
4.34
452
4.01
€18
Beoton Fund
17 21
10.01
13.04
2409
rubber amounted to 162,- Canadian Fd 500 long tons in Septom-Canadian Int, Growth ber compared with 157,- Dividend Sh 300 tons in the same Eaton & H. Bol month of last your, the Enton & 11, Stock
Fidelity Fund U.S. Commarco Depart-FIT Plon ment estimate today.
Canada Gen Fd
16.11
10.07
150
"PADANA"
0.14
Fa
193.74
21.33
204
123
"ORDIA”
Dreyfus Fri
12.01
23.13
23.07
Ta da
3.06
9,40
1710
4,73
10.42
10.41
0.63
11.00
13.00
14.05
12.52
13.54
142
35.25 65.70 12.74 пл
7.40
13.09 10.20
"EASTERN"
Found Mut ra Com Block The September production Tamil yd HC-7
Inelit Found brought the total output for the insit Growth first nine months of 1908 to an Intit Income
Inwest To Bort estimated 1,817,000 tons
Johnston Mut pared with 1.912,000 tons in the Mass in Tr 2-20 identical period of 1957.
Bettlement
Dec.
in
Jan/Mar
as Abt1/June
July/Sopt.
Oct/Dec.
* General markets, gif basis, porti Nov
ta the United States, the overage price of ano-inch Estate crepe thin Dec.
cotton al 14 designated spot
Dr.
Jan.
METALS
markcota was 34.74 cents.
Total sales at these markets Tate 104,315 balos.-U.P.I, ·
RUBBER
SINGAPORE
LONDON
-UP.I.
com-
Mas Grow Nat Bre Growth Consumption of natural rub-Sidder St & C
Teloy E M ber was placed at 172,800 tons Value Lane Ja In September an increase of Wellington r 20,000 tons over September 1937.
for the Total consumption first nine months of 1060 was
with 1,485,000 tons compared 1,432,000 in the same period of The tin market was steady | 1b57.-U.P.I. walio copper, lead and zing were steady. Prices élesed at the end of tko ʊicial morning merling per long
in
After opening around the ion previous levels the market ton as follows! Bagged away by mid-morning. At lower levels there was rather batter buying interesi which stantled the market to clost the morning at about opening levels. No. 1 rubber par is. One. Bai-say Na, g rubber per lb. Doe, MIKRON
Graner farin, Red.
front, rablár, stribaled Wa..
Platióet vepe
wo
fio. a pale ovepe
Buyers Sellers
Tit
Spot
-mani Copper spot 3-month and no half
Nov,
Eine Ind, Hs
HOY.
771%
Dividends
Seleption
London, Nov. 20, Trust ha
(11-
Agreed Merchant Rates
Malayan Dollars Maximum Selling 62-11/10, Minimum Buy- Ing 18-3/10 T/T; 63% 0/D; 03-0/10 30 days; 53-13/10 00 dayn.
2054% nounced in interim dividend of Exchange Rates
37
19 9d per unit, as tax, which
was the same da previoudy.
Bund was done in the locat vrometni exchang market le J. & Coats fuis announced meming at the following rates). Han interim dividend of 14 Her Petar por ell
dollar, tove $11 quo
par cent on ordinary stock, Jess Australian hotës (per, £1) PRES inx, which was the satwa Indonesian rupian (per 100) previously, Chinia Mall Special tienis per 100
Dingapore Bumisa}
0.20
1.00
"UMARIA"
"URLANA"
due 30th Nov, allt Dec.
dun lat Doc. alia 3rd Dec.
dre De saus 9th 100.
Sià Deo. MILAN AGA 100.
F
From Karachi for Japan
from Sepea
tor Singapore, Penang. Cochin, Dombay, Kaw chi, Muscat, Dubai, Kuwait,
Khorramshahr
from Bombay
for Japa
Ito J
Top Spore, Karachi, Dubal, Kuwa, Bogra de Khorramabahr
EASTERN & AUSTRALIAN 5.5. CO., LTD.
londa 10th Dec, kaits 11th Dec, (at Labuan, Sandakan, kkisbans, Sydney, Mal- bourne & Adelalde
"ARAFURA" dus 11th Dec. from Austraile
snila 1915 Dro.for Japan
All venests have liberty' to call at any poris an or off the route ✯ the route di anilings are subject. to change my sapendment with or without notice,
Toc fall particulars apply to:
MACKINNON, MACKENZIE & CO. OF HONG KONG LTD. Tolephone Nos: 27791-4,