WEEKLY
BULLISH
HONGKONG
STOCK EXCHANGE
Our Own Correspondent
A The
TEX Bank Lombard Union Wheelock
HK Whart
HK Docks
Provident НК Hotels IK Lands HK Really
HK Trams Star Frity Yaemails
THE CHINA MAIL, FRIDAY, DECEMBER 12, 1958.
REPORT
THE HONGKONG. STOCK
EXCHANGE
TREND ON MARKET
Share Market
ܕܐ11
At
A
Glance ⭑ New Call Up
Up or Down→
+$5
+$1
$3,40
Yield (%)
G
7.4
ปี
13.15
Nov. 18
Nov. 20 Nov. 27
Deo. 4
Dec. 11
*Dividend
745
740
7455
706
#00
274
27m
Zîn
27n
270
steady
$48 $2
73
734b
724
71340
70
-$1.50
0.35
5.30
6.35
5.55
3.70
+150
250
95.
95%
053
Dan
94m
+$1.
19
43
138
42b
429.4
4355
18
10.28
12
£1.00
TX
17
11.20
--100
$1.10
0.24
21.30
21,30m
21.10
21.30
21.00
+-30c
$32
9.24
{3' ;
3014
30
3044
302
+-250
52.40
7.80
1.370
1.35
20.20
25.40
1.35
1.358
1.375
+25€
100
10.9
25.00m
23.00
20.10
+200
$1.00
7.27
106
107
1015
103
1046
-$1
$9
8.05
ธน
80
68
92
933
+$1
$8
B.66
17.10
17.10
10.80x
10.30
16.68
++30c
$1,10
1.62
retries
34.80
24.40
24.20
24.40
2565
+400
$1.00
7.0
EK Telephone
23.00
23.70
23.00
Crwent
23.00
2414
24.70
24% 20
+000
$1.78
7.14
+ $1
$3
12.53
Buyers Sellers
Sales
Dairy
Farm
18.40
3014
13.00
3.07
15.10
16.40
400.
$1.80
10,907
A N
Watson
11.70
12.40
12.60
13
13.10
+100
91
7.63
7% 42'
Lane Crawford
13.00
13.40
13.40b
Das Anta
IMA
INSURANCES
In Inventurul
Ab
ab
6.10
Jako
4.Com
7t
**
30
4.0Z5n
4.05
13,50b
50 1.025円
14.10b
+.Bor
$1.50
10.63
3.30m
+300
12.26
4.05
+244€
250
4.17
1500
DAN
Визв
0144
steady
BDc
8.42
4x
4u
SLEPPING
7.05
7.05
3.851 7.05
1.850
7,100
3.850 6.80
stendy
00c
15.5
---300
81.10
16.16
Sticke
13
FL.NNI
5.0
DOCKS, ETC
a Whort
THE TALLY
Last week. 16 higher. 5 unchanged, 4 lower,
400
Business done o the Hang- kond Stockt
this Exchange morning amounted to approxi- mately $50,000 Non quota- Tanks und die noradnigla transe
etions were
Share
PANKS
10 Bank
The
1000
想
13
LAND, ET
TIK Hotel
2 WI 21147
IES Lan
N
снят
WED
Fr, s༨ཞ
12 Mi
Talis
LOGA
RAMMIN
'דורך}
יין
1712
2.40
!
20 141
PLON |
tellig
A Tawab.
Bakala
CPUITEN
A FEITA
South
Light
42 XD ↓..
[20
JOA
NAN hal 70
2410
Moving E 4-phune
13 13.00
1000
11 A
LINT
JOM ST
01
1
14XK...
2
1200
.37
13
245 24.00
34
**** 719..
21 149 26 2:
200
120 KA
13,20
1410
INDUSTRIALS
STORES, ETC Dairy
1. Cra COTTONS
... at
INVESTMENTS
Ck Light
Alked
HK & PE inv
Textile Corp
Yanyunk
STOCKS FALL
ON
חזית
WALL STREET
New York, Dec. 11. Stocks ran up sharply in the first hour trading today and then turned down with reductions in prices noted steadily throughout the day. At the highs the market was near the all time record.
Lowest prices were set
the last few minutes of trading
profit-taking increase
1-1 Inv
1 -
A.70
FR
Invest
015
quolatini
Paped
The following are
Mub Funda Siates 11 Autorica tolars Mayton quotatiodes inebent ALISAD
Mutual Funds Albisted Kuzui
A Bus Shar Alan Dev Man
Axe Hot D
Thick Fi
เย 2
1
ut tuntially.
1. 1
H declinin
Tekere enn late as the close ap, torchest Tuerkel
the Ear
day they fell hind on a rise ilunt carsted prices u une fou
TIN with many gistering highs
and longer,
THA
This week, 18 higher, 3 unchanged, 4 lower.
Commodity Prices
RUBBER
SINGAPORE After opening slightly higher advices the qulet with latter oversens Ductuation gmail. Forwards in demand with sellers scarev
market ruled very
and lower sheel interest on the small side.
70-001%
42-82
7415-בי 72
SUCAR
New York, Dec. 1. Marid No. 4 sugur Tutures closed unchanged to 10 points
lower tracts.
For Capital
By HK Land
By A SPECIAL CORRESPONDENT
the
Share prices on
Hongkong Stock Exchange continued to rise and although they closed below their week's highs, because of light scale profit- taking, the majority of them still had substantial gains to show for the week.
This has been due in part ta the easing of credit in Hongkong mal the decreased activity เฮ Beth Eletric and Phone right
The murket Tiny IN the fast clay for Eletrie rights to be quoted say than market
FUNCI bac expected thy rights of both
companies to drop lower then they were qui when they did not there was a sudden Inst minute rush for the rights of both shares this week
Another $5m
تنا
Amalgamated Rubbers were steady quiet this week but around $1.725.
The volume of business also showed some improvement
with the overall turnover amoantiar to $3,407,000.
Market Diary
itere is a market diary of the week;
Huled, stendy
T/O $483,000. More cheerful at- mosphere.
Friday:
Monday:
$852,000
T/O
Made further head- way. T/O: $866,000,
Wednesday: Prices well main-
Once these 325 million worth | Tuesday: of rights have been pula up by the end of this year, ព market will have
absorb another $5 miflion worth
Hongkong Land rights beglautug of next year
with sales of 701 Von-
announced yesterday that Hongkong land was having? Domestle No. 8 sugar futures a new share issue of one for 12 closed unchanged 1a three at par ($25) and a bonus issue points lawer with sales
on tully paid up shares n the!
The proportion of one for 24. new shares will have to be paid i up by March 3, 1950.
of 21
Contract No. 4 (world
Mar. Jon 360,
3.43: MEN 357 353 July 234, Sept 3.60-24. Oci Mar. 34 Spet-teents per perth Cuba). 356.
Open interest, .487 contracts
Contract No. 0 (domestle) Mar BAB May 8.00. July, p sept 4.00 Nuv 5.20; Bui- (pentr 24-1/10 per ih vit NY ex-duty 590
Open Interval.
contract. 1,600 UP.I
The rubber marke! was dull
spot pence per lb. Prices
Am Super Ret
NL
Benchen) Püvice
No rubber net
214, No. 2 rubber per 16
ther L
4216-83 contracts.
门
334-35
Ber
BS-01
Haveu (br;
Co
744
Burroughs Add Marlube
30
No. J Nr. 4
..
704-792
Cut Packing Voip
30
Spil rubber unbalext
Campbell Soup
400
Blanket cerpe
Cat Tractor
No 1 pale crepe
Celanese Cur
19
LONDON
IT Financial Corp
Cute Marhat ank
67
21, ett Peabody
Je
with
quoted
[!
Colombian Cheban Co
10
Cam Credit
01
24-2411
Continental on of Del Diamond AUT
57
Sellement, house terin
14h
I
34-24
32
Feb
9412-241
30
Mar
24-241
74
Jan/Mar
24-243
30
April/June
24-244
at
July/Sept
2441-2434
1984
Oct/Dee
24-241
03.
42
for the year thamal Muth
Denglus Aireruki
Dow Chemicals
induced realislag. | Firestone Tyre & Huber
El Paso National Gas
itens hurt time
Family Finance Corp
were
in car
38 per 21
Two market and They
cent derline
loadings from: to Eevel of a year ago, and a Theme in automobile produc-
Ton caused by strikes S Chrysler Corp.
1504
At a kidul 1,251 issuux trailed, 440 were hischer on the day, 57
Now York Stock
Exchange
20 was 4,250,000 shares
Meny York Stock Exchange Send volume was $7.180,00
American Stock Exchang
volutne w
Dow-dom
belsers
Buyers
53
+15
$47
S
11 20
Ian Fund
ik Y
15
1+ 30
Canada Gen Fu
1300
10
Fit fu
Tandon Int Growi
t. 14
herical Fi
20 87
Conwith The Stock
14.39
Dividend S6
2 10.1
321
1
ts Fun
1201
13190
En & How Stock
22 41
224 est
305
1133
wert
4.31
037
a) 12
73
17
20 rats
10 44
14
I thin
10 77
11 Тр
13
713
LU brin
JV Tr
Lo un
1.82
Keys T
2414
Mam v TU
12 BI
13.07
Macs Growth
12 49
13.30
Nat Day Growth
714
777
Seudung & Stork
21172
Tele
N
17 18
Value Line $t!
F1 FIT
714
V 1 Plan
10 77
1770
Wellington Fund
13,90
18 24
Eletronics inv
PIPI
Found Mut FJ
Hami PH-1
inal Found
Growth Inali!
Instinc
GUARD
industri
1,760,000 shapes
Plosing
154 AD
0735
190 25
NO AN
Comm babam pitted
Closing Prices
Ametrin t'yannood Dis Anum & Fign Power All Gas & Electric
A Home Fred
Fury
149 15
Ani Maen
YOUR MONEY
17
53)
First Nat City Batt
General Dynante
Gen Pub Util
Cu Tyre & Busber
tiruhunan Aircraft Gulf Ou
Hirden Newport Cerp
Ingersoll-Hand
interghemical Corp Kaler Industry
Liderit Meyers Tub Ca
Lowenstein & Bon MeDermoll J Ray Mennel! Alterati
Stuck Expe
TAG
|ICITY LIGHTS?||
"Actually I was the victim of a take-over hid.... sha married the other follow!"
London Express Ser
National Discull Co National Dairy Prod. Neilma Steel Comp Norfolk & Western Ry North Amer Aviation North-west Airlines Ole Mathieson Oweni-Illinois Glamo Oxford Paper Ca
General markets, di binala, port-
Dre Jon and Fre
243 today
AMSTERDAM
2424
The rubber marked was dul Dros closed in guliders kilogram. "If Dec.
73% buyers
2:39
* Follows:
AU
No rubber
14
No 2 rabber
No 3 cubier
224 buyers.
No
proget
752
I
COTTON
PRICES FIRM IN LONDON
London, Dec. 11. The stock market parked up
This calling up of new enpital by compmales for expanston pur- poses has been a drain on the j market and has been one of the causes of the depressed state of
In the market the last few montius. II is expected that with this new call up of fresh capital the market may take rome tiniej to get going next year.
Buring the week, Hongkongi Banks cose to $805 but they fel
The back to 5800 yesterday, merger between Hongkong Bank and the Mercantile Bank would the combined probably make bank the biggest excliange bank in the East It was reported from London
Wheelocks tacked on another
15 cents this week clasing at today on favourable econo- | 35.70, white Hotels which have mic and business news. been in good demand gained 30- Prices gonerally were firm. gents topping $21.60 the highest they have been for over three months.
H
Moal sections ul the dustrials showed gains. Erctrical und Musical instraments stood
ō! with
5 Id Kitin of Govt cument bond, fan! with Betivity in the attedrensalide...
Canadian Puente tears thand in the rali section in line with tallar stocks
vester- which referird
Wall day's ener trend Mar: 3451-52 443,
Street. July 2005; Det at 23-24, 31 15 Mar 311 May
NEW ORLEANS
NEW YORK
Prices of cotton futures closed nervt advance today as follows: Sp1 957 nzu
May
Dec
Prices of cotton futures closed today as follows
132
Spot 14.70; Mar 12.00. Mar 34 34 July 34.43 Oct: 01. Dee Мия 31 10 May 3231
LIVERPOOL
in
Cullon future closings, pence per lb. were as follows: American Contract
Dear 22 Mar/April 27.50 May/June 2017 July Aug Oct/Nov 20 460. Dec/Jan
Mixed Contract
20
Dec/Jon 23:55. Mar./Aari): 22.50. May, Jun 2:04. July/Aug. 2001. Ogl/Nav 02: Dr.Jan 2020
-UP 1.
METALS
NEW YORK
Prices of metal futures closest today it Cena per H. follows:
1.A
11.436 11 5
10,061)
19.70b>
24.010
$1.256
07.22550
Prices of metals closed today
15
ם]!
Utilities
thelity section boli Electries and Phones made a good bowing gaining 40 an:1 50 cents respectively.
Both Dairy Farms and Lone Crawford put on 60 cents during the week due to reports of good Guld shares
business in Hy higher bui quiet. Bert Tin fell back 18 sailing: 116 pence following the contubernions of
divefend Olls et ntinued unselled un feath of a revient Venczuojan all policy.-U.P.1.
Chicago Grain
Market
Chicago, Dec. 11. Grains dropped with the mercury and wettled in
easy to steady ranges at the close on the Board of Trade.
The market warmed up with rallying attempts but faller to Kencrate any insting strain,
Northwest brokera sold Märch and May wheat. Most demand for March contract wheat was Alled by resting orders.
brokers,
The only soybean buying of consequence
was by northwest They concentrated on the January contract. Wheat No. 2, red
Mesabi Iron Corp.
4224
Muntento Chendent C'es
38
Motoroin Inc.
507
10
4115
10%
13t5
(Com]
424
13:2
12
Permy J. C, Co.
100
Lead
Dru
Penn. Sait Co.
£2
Jan
inilip Morris
Zinc
Dec
Procter & Gamble Co.
2016
ZIMI.
Publicker Industries
14
Copper Dec
Pure Of ..........
4312
fudio Corp. Pref.
7112
Tin
Dec
Beats, Rocbuck & Co
Jan.
Saint Reg. Paper
10%
Sotor Alremft....
to
LONDON
Apel
South Puerto Rico Buger
30%
Dee.
Southern Co." (The)
Houthern National Gas
Steep Huck Toronto Exge.)
It follows:
J sterling pg long ton 13
Mar.
May
10374
1901- 1934-4
Sunshine Mining
744
Tin spot
703
Tido Wator An. Oil
2311
-Trunth
Buyers Seller Sept. 70:31
July
107
703%
Corn No. 2, yellow
Copper spot
Spot
12)-122
Tri-Coat, Warrants
Time Inc.*********
2-mufith
224
Dets
11014
Union Oil of Cal.
Twentieth Century Fox Film
Lend 1st Halt pec.
Mar.
Mar
Dec. New
45.
Zine 111 all Dec.
74
Mnr.
United Fruit
401
May
United Gas Corp.
11
July
U.S. Sicet 7 P.C. P
140%
Ryo
Werlinghouse Air Emi Western Union Tel. Co. Weel Va. Pulp & Paper
2734
Dre.
Mar.
404
U.P.I.
FOREIGN
Unis
LACHANGI
Deo, Mar.
Soybeans, No. 2, yellow
Apht
Jatt
Mat.
May
+2213%
214-215 $10 ant
7211-
Hapt,
Itarity,
Apot
145-150
New York Hour
100. t. rete
41240
V.P.I
Textron Ina, Kong
INVEST IT-- wisely ON DEPOSIT — safely
AT 5%-accruing, dally Maximum Stability. Assured Security ASSETS EXCEED £35,000,000
Interest paid wichest deducilon of Untied Kingdam IncoMS TEN Send today for your cupy of "Bank Deposit Acromi” Booklet No.A.O, 74 from General Manager
LOMBARD BANKING
Hand Offer:
LIMITED. DANKERS
LOMBARD HOUSE, CURZON STREET
PARK LANE, LONDON W.1
Telephone: ARD (11) do kasn
„Artociated Bank! LOMBARTI NANKSIN (FAR EAST) LTD +
MILATION MAILLE, MATTERE QUAY BINGAPORE." Jolastaan; 23430
A WorldWide Donking and Finance Organliatiõm
Exchange Rates
Bainers was done in the local Unomiclat exchange tharkert morning at the following rates! UB. dollar (per #1) jagkoen Bering Botes (per 1)..... Australian roles (per d1) Indonesian rupiah (per 100) Alam cala (per 100)
LONDON
Closing rated were:
New York........ ano 7/16-2.000/18
Montreal
Aimiterilai
RAMS
Zulpa
3.700/10-2.7 11/18 10 07-10.6T
12.08104SIT
15.07 1771
20.74
3.90
Singapore (Ktræfto) Vande
13
July
118)
1201-1
DOLL-T
Cemenis continued to IHOV!! tipwards clinking to $26.40, their High for the year, before drop- ring 40 cents at the close. Greeni laland is said to be having bet-
bustness during the past few! months
with their compared summer salęs.
The disappointment over Nunyang decreased uterim of 20 cents (80 cents Inst year) was apparent on the market After! the announcement the sharo dropped to $7 with no buyers. Yesterday a block of 1,000 was sold for $6.20, n drop of 30 cents on the week.
with
Turnover for the week was 33.40 million compared 53.02 million last week
Improved
Here is an Ice House Street observer's account of the market;
The Block Market opened the week on a more cheerful note and with stendy/firm andersone prevailing, prices improved steadily on a broad, front.
Ulities ted the advance with the rights of Electrics) and Telephone in good de- į mand. Trama were also well) supported,
In the Stores section Daley | Farm were a firm spot but}
Thursday:
*
*
closed fractionally below the * top of $10.50.
Cements were also well sup-
ported and tacked on $1.50 but
eventually
tort some ground!
on light scale profit-taking.
Wheelocks Irado unoful gains of 20 cents,
With nome Improvement in the London register, stiaren, Hongkong Racks rosen to $800 but closed fractionally lower AL SANO.
Agreed Merchant Rates
Swin Franus Maximum Sell- ing 20%.
*
Inined T/0: $600,000
Satisfactory under- tone prevailing. TVO: $084,000
For that
Xmas
Gift
You
Many gifts--even expensive oning—are Ukely to weer out, go out of thshion or otherwise become unusable. Bui This does not happen whea sive an ownership interest in brand CTOSS-REPÜirs American and Cunadian Indus- tries, under constant supervi- sion by professional invest- ment managements.
You can do this simply and by .conveniently
of nators mulual fund shares, Well Do glad to offer sugestions with- out obligation on your pat Simply stop in, write o the coupon below.
PEARL MUTUAL FUNDS INVESTMENT LTD.
502 BANK OF EAST ASIA BUILDING, HONG KONG Tel. 38321
Bond me without obligation further information on mutual
funds.
NAMO
Address
B-I E&A
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N, CO.
Ontwarda "PERIM"
Leaves UK.
Sathed 1/11
Bailed 14/]] "COROMANDEL"Balled 20/11
"CARTHAGE"
"BURAT"
"CANTON" **OBUSAN" "SOMALI"
Homewards "CARTHAGE"
**SOUDAN"
"CANTON" +"CHUSAN"
"CORFU"
Dere Hoogkong
10th Decender
14th December
12th January
Sailed 8/12
12th December 111, 2pnuary
December 19th January
10 February January
tot JanuTT
Dr
Leaven jongkong ille Conden 10
December 121 Jonusry
Gin January 191 February
14th February 3rd February 411 March 13 February 15th Morch
14th January
Via S'pore, Penang. Colombo,"Bombay, Adem a Pt, sald
* "SOUDAN" extends to Hamburg, itotterdam & Antwṣep, and omits Colombo & Bombas
[ "CHUBAN" who calls at Napies, Marsellies & Olbrakter.
BRITISH INDIA S.N. CO., LTD.
"SANGOLA" due 17th Dec. dr 18th Dec
"PACHOMWA” dae 17th 100.
19th Deo.
from Japan
for Calcutta Bangoon. Penang Singapore
from Japan for Singapore, Peng Handoon, Calcutta Chittagong
P. & Q./D. I. JOINT SERVICE
“UELANA"
In Port mails 12th Dec.
"ODRA"
"OLINDA"
"UMARIA"
dos 16th Dec 1701 Lec.
das 2nd Jan, alle 4th Jan.
Jue 3rd Jatt. anila Di Jan
from Japan
Karachi,
for 'pore, Dubai, Kuwait, BagraŻ
15horramiahımlır
trom Bombay for Japan
Lona Japan for Bingarar», Panang Madras, Cochin, Domi- bay, Bhavnagar Pore- bunder Kandja di Kata- chi
from Japan
for Blugapore, Dubai, Jaerah, Khorramelinhr
Karachit
EASTERN & AUSTRALIAN 5.S. CO., LTD.
"ARAFURA" due 14th De
. "EASTERN"
renom Australia for Japan
mila 10th Dec
lands 2011: Dec. palle 21 Dec. for tahuan, Bandakan,,
Hirtebane, Bydney, itals bourne & Adoälde
All vowels kava Uberty to exit al aty porta en or all the route a the route ́m satiings are subject. to change or amendment with or without mostes.
For full particulars apply to i MACKINNON, MACKENZIE & CO. OF HONG KONG LID. Telephone Nos: 27721-4