THE CHINA MAIL, FRIDAY, JANUARY 28, 1959.
WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE
MARKET BECOMES QUIET
★ The Share Market
WK Lands
HK Realty
At A Glance * Some Pre-Chinese
Dividend
& Bonus
$2
Yield (%)
5.97
Up or
Dec. 18 Dec. 20
Jan. K
Jan, 15
Jan. 23
Down
HK Bank
8024
805
815
810
B0714
---$2.50
348
Lombard
25.806
20.201
26.200
20.400
20.40m
steady
$2
1.6
Union
71
ร
71b
1234
722m
steady
$3.40
4.7
Wheelock
6.05
UK Wharf
940
5.60 94360
5.00m
B
5.55
+50
150
13.5
964b
100%
+1
$9
9
UK Books
*40%
45
4314
443
480
+-250
18
17.9
Provident
11.00
12.10
12.20m
12.20s
11.00
300
$1.10
9.25
Hotels
21.30
21.70
2244
23.20
23.40
+200
8.0
3019
3014
30xr
30
30b
+230
1.40
1.4.5m
1,50
1.625
$2.49
7.4
1.80
-9440
15c
10
HK Trams
26.30
20%
27.20
27.20
27
**200
$1.00
7.03
Star Ferry
1036
100
107
107
197
Yaumatis
03
03
01
១០៩២.
$
8.5
DJ
9336
+40c
$8
5.35
Ch Lichi
16.30
10.20
10.43
16.20
10.20
Electrics
24.30
24.00
2514
steady
$1.10
4.3
23.40
25.80
+200
$1.99
7.4
HK Telephone
24%
24.78
25%
25.30
G. I. Cement
20.10%
26.40b
25.60
25.30
-200
$1.75
6.9
23.400
-100
$3
12
Dairy Farm
£0.20m
10.20
10.30
16.30
++ 200
$1.7714
10.7
13b
12.26
13.20
1316
13,30m
13.40m
+10c
ફા
7.45
14.201
14.25m
14.20
£4.30TL
14.30
steady
$1.50
10.5
5.201
5.205
5.30
5.30
6.35
+50
050
12.05
4.0251L
4.025m
4
41
41L
teady
250
0.25
0.40
9.700
9.60
9.60
atrady
6.40x8
3.85 016
3.050
45
steady
600
15
5.00
6.70b
6.700
steady
800
11.0
THE TALLY: Last week, 8 higher, 9 stendy, 8 lower.
A. 8. Watson
Lane Crawford
Int'l Investment
Allied
TIK & FE Inv
Textile Corp
Nanyang
Canadian Firm
Kills Big
Aluminium Salel To China
Oltawa, Jan. 22.
Mr Gordon Churchill, Cana- dlan Trade Minister, said today that no pressure been appeared to have exerted from outside Canada to kill the sale of one million dollars' worth
of Canadian aluminium to China,
3.45b
28 1814
This wock, 10 highor, 8 steady, 7 lower.
INDUSTRIALS PUSH TOWARDS THE 600-LEVEL
New York, Jan, 22.
Industrial stocks pushed to within a point of the 600-level in the Dow-Jones average this morn- ing, sparked by gains of close to two points in American Telephone, a point or so in Ameri- can Tobacco and Westinghouse Electric.
The industrial average at 11 o'clock was 589.01 up 1.30 and Utilities a new record high." Commons reply Meals added a bit on average but Churchill said that "Insofar as valls were slightly lower.
In a
I can find out, no pressure was exerted from outside Canada."
He
to was referring
tho
Oil sharca continued to lead the market with gains. Among oils, high-price Superior Oil of California set a new record
refusal of the Aluminium Com-high on n gain of 30 points pany of Canada to All the order en grounds that such might oftend steady customers.
THE DECISION
sale
to $2,050. Gulf Oil, Ameruda, Socony, Continental rose point or more.
الله
Tung-Sol Electric featured with a gain of 23% points to The company has said that
un news | $45 VA
of its new the decision was made at selectronic vacuum tube. Montreal headquarters fon
nowhere else. The company is Reporting tickers ran late on owned by Aluminium Limited, and of in the early dealings
a Canadian firm with most of and nrst hour turnover oiled its shares held in the United | 840,000 shares compared with
States.
A report from Washington a United Jast night quoted States Treasury offelal as saying his Department did not nei to ekter the sale but the report said it was understood that Alean's
parent
Aluminium Limited,
company: discussed
the sale with Tre sury oficials several months ago.
Mr Churchill WES asked whether he would try to inter- his cabinet colleagues in C3!
that would prevent legislation future similar actions by com- panies which should bear res- ponsibility to their employees. -Router.
Strike Puts 10,000 Out Of Work
Birmingham, Jan. 22. More than 10,000-Car workers in the Birming. ham area were idle today as supplies continued to be held up by an unofficial strike of 100 crane drivers.
The British Motor Corpora tion, whose factories are affect- ct, sold the numbor without work would probably doubled by tonight us supplies lussened.
be
The car body bullding flemn of Fisher and udlow, where the crane
drivera have slopped work to back a claim for an accident-free bonus, has stood of all 7,200 employees in Bir- mingham, and another 800 at its auxiliary plant in Coventry.
In addition, about 2,000, ara idle at the Birmingham Aristin factory and 400 at the Morris commercial oårs plant.
Some worker; have also been stood off at another Büminghama,
car body firm, Mulliners, as a result of the strike.
The Standard Car Company
070,000 shares yesterday.
Dow-Jones closing averages
were:
30 industrinis
Zu rails
35 ušitétien
G3 stocks
Sŷ BRICK
Lenim, future price index..
Closing Prices
Am,& Fors Power
Am. Gas & Elecrete An. Mach. & Fdry, 4. Sugar Bel. Armco Steel
Beneficial Finance Tinguet Con. Campbell Soup Cal Tractor
cianero Corp: Colgate-Palmalive Colombian Carbon Crown Zellabach Diamond Akali. Douglas Aircraft
Dow Chem leads
Lowenstein & Sons
Donner Aircraft Mesahi Iron Corp. Motorola Inc. hat. Dairy Prod. Olin Kathieson Philip Morris
Owen-itinque Glam
Penn. Bait MIZ. Pure Di
Sleep Rock Time The Twentieth Century Fox United Fruit tinited Gas Corp. Western Unica Tel. Co.
13% 731% 381 43%
PA
Singapore Stocks
8.30
{LABOUR PARTY
TO CHALLENGE
CONVERTIBILITY
London, Jan. 22. The Labour Opposition in the House of Commons will
Wednesday next
the challenge
British Government's decision to make sterling convertible throughout the non- sterling arca, it WDS learned tonight.
When the European Monetary 410 | Agreement bill comes up fo
debate, Mr Hugh Gaitskell, opposition leader, will ask the House not give a second reading (agreement in prin- ciple) to the bill.
Singapore, Jan. 23. Brokers today quoted the fol- lowing stuck prices:
Batu Lintang Rubber Co.
Lid
British
10
New Year Selling Evident
By A SPECIAL CORRESPONDENT
As the Chinese New Year approached, the
Hongkong Stock Exchango
marked
time and turned quiet with little move-
ment.
During the week there was same pre-Chinese New Year liquidation of utilities by local Chinese banks, but this was umall and Blue Chip prices were cnly sightly depressed..
en
Although business was slow
the Exhenge prices bave hardened in most sections. It is expected the market will con- tinue this way pending further developments.
Turnover for the week was $2.09 million compared with $2.08 million last week.
Incentive
Here is an Ice House Street observer's account of the market:
Lack of incentive turned the Stock Market gulet this week and consequently trading was on a restricted scale with the overall turnover amounting to approximately $2,633,000.
The undertone has, however, with remained quite steady the result that prices show little change from those ruling at the clore of the previous week.
In the early part of the week there was a fair demand for utilities with Trams, Lights and Electrics prominent,
The firm spot has been in withi the
section rubber Amalgamated well supported In some fairly active trading. This share tacked on 10 cents to close at $1.075.
Elsewhere price changes either way were of little im- partapre-
His resolution will describe the bill as "designed to imm- plement policies which, through the ending of the European Payments Union and the ac ceptance by the Bank of England of an obligation to supply "gold or dollars on demand to pil foreign holders of sterling at a fixed rate of exchange, makes more dimcult the achievement week:
Britain and maintenance in
Market Diary
Here is a market diary of the
and Western Europe of Indus- Friday:
and full cm- trial expansion
ployment."
Government speakers in the Monday:
Mr cnsulng debate will be
Borneo
Petroitum
Tin Smelter Ord Fraser & Neave Ltd Ord.
& Neave Ltd Ord. Fraser
71% cum. pret
Opentad
$3.20
47x
20130
$1,50
$4.15
Gammons (Malaya) Ltd.
$1.99
Derick Heathcoat Amory, Chan- cellor of the Exchequer,
005.00
Hongkong & Shanghal Bank-
180.17
ing Corp..
$430
Mr Reginald Maudling,
and Pay-
Tuesday:
12.02
Hongkong Tin itd.
La 24
master General-Reuter,
207.TU
Kumpas L
$1.71
80.30
Kuala Kampar Tin...
30 34
140.43
1.unas Rubber Estates Ltd..
$1.10
Malayan Breweries
$2.03
New Serandak Rubber
Ltd.
12.02
Petaling Tin Ltd.
$1.00
Rafos Hotel
$1.23
1015
Singapore Cold Storage
Biralts Trading
$1.60
Straits Sloemetilp
$0.70
United Engineers Ord.
$0.00
Weathe Bros.
WCTS
of the
No material change. T/O; $707,000.
T/O:
Prices Inclined to harden. $681,000.
Continued steady.
T/O: $573,000.
Wednesday: Quiet conditions.
T/O: $289,000.
Thursday:
Dull and feature- less. T/O: $381,000.
HONGKONG
STOCK EXCHANGE
Our Own Correspondent
ap-
Business done on the Hong- kong Stock Exchange this morning Amounted to proximately $177,000, Noon quotations and the morning's transactions were;
Share BANKS HK Bank
INSURANCES Union
SHIPPING
Balen Buyers Hellers
810 20 80%
73
73 60 w
Waterboat 23.00
Wheelock
3.50 5.40 1030 &
Dock... 13 354
(0)
HK Hotel 23.30 23 HK Lana. 301% 301
3.00 " (RIS.)
Kumphreys 18.70 13.80
Mutual # mad Quotations
The following are quotations of Mutual Funds In thì Unite: States in American dollars. The huvers' quotations Include com- mission:
Mutual Funda Affliated Fund. Am Bus Shre Atom Day Mut Axe Hought 11 Bullock Fund Canada Gen F'd Canadian Fd Canadian Int Grow.
Chamtest_7. Comwlth Buck
Dividend Bh
Dreyfus und Eaton & Stock .. Electronics Inv
Bellers Buyers
723 420
20.2
LONDON..
CLOSES
EASIER
London, Jun. 22.
The stock market closed casler today after a Arm opening.
Glit-edsted
securities were
dull with prices closing 2/0 lower.
The
industrial
section
generated early selective de- later gains were wiped out or deduced at the close,
1.50
01.07 0,24
12.07 14.02
15.03
8.45
10.43 21.43
14.08 10.ZA
12.17
13.00
23.54
23.19
mand bat
0.61
7.22
TIF Plan
4.10
4.55
Found Mut
7.05
Hem FUCAT
4.500
8.42
Inti Pond
11.02
12.05
11.00
12.07
0.02
7.44
tobacco
11.46
12,32
23.70
24.83
Store shares
13,41
Electrical 14.60
equipment
13.09
10.13
turned
Nat See Ser: Growth
lower un reports of
7.43
0.13
Scudder St & CI ..
growing
competition
in
-the
Telev Elect Ed
14.21
15,49
appliance Retd.
Value Lino Fil
7.03
11.04 12.07 13.05 15.21
BONDS
Inal Growth
Insill Income
Inycat Tr Keystone
Bost
Cust
Mass Iny TY
Mora Growth
V. I. P...
Wellington Fil
Hawker Order
London, Jan. 22. The Hawker Siddeley Group announced today that its indus- irial division had received an order of over £24 million from Argentina to supply six turbo Fenerators in the face of stift Japanese and italion competi tion. China Mail Special.
Ship building issues rolled after yesterday's setback and leading
were firm,
were weakened. stocks
were
Greck
foreign bonda higher on brighter prospects of peace in Cyprus, bollar stocks were higher refreting yoster- day's new peak on Wall Street. Gold shares were easier, as
|
were coppers,
Oils Blocks were higher on US, optimism concerning 1959 earnings.
Shell closed well over two chillings higher.-U.P.I.
Scotch Whisky Export
Reaches New Record
XPORTS
London, Jan. 22.
of Bootch Whisky reached en all-time record in 1968, the Bcotch Whisky Assosiation announced yester. day. A total ef 19,320,000 gallons wore exported-1,410,000 gal. Sona more than in 1957, The
5.53
DOCKS, ETC.
Provident.
11.00
12
500 £ 11.00
LAND.
Erc.
*
203 (
133 GX 500
15,70
15.70
Really KURDER Amalg.
1.50 1.626
1.93
2 3300 w
9000
8000
Tyurt
1.05
2.10
A, Tawaly
2.10
5.00
Sungala..
2.45
2.65
UTILITIES
Tram
.... 20.80 27.50 1000 a
107 Yaumau.. 10
Sur Ferry
C. Usht
23
*
000 of 26.00
(0) 16.20 1049) 600 18.33 Electric.
"10 251 3.70200 or 23,00 300 3,13 800 24.20
+N) 24.10 9.20 Maces Telephone 23.10 2515 INDUSTRIALS
Cement
STORES, Daley
Watsom
20 25.40
C.
10.30 2014
400 a 13.50
217 2 13.30
53.40 13.00
MISCELLANEOUS
Vibro 10.30
CITY LIGHTS:
*
United States took 10,829,000 gations, Increasing their 1957 total by more than ilon gallons..
one mil
The value of exporta was more
£60 than with £62
Reuter.
million compared million in 1957.
P.OBIE&A
い
COMPANIES
PASSENCER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N, CO,
Galwards "KARMALA” **CORFU* “SOMALI” "SALSETIE” "CARTHAGE"
"BUNDA"
Homewarde
"PERIM"*
+"CHUSAN”
"CORFU" "CARTHAGE” "CANTON"
Leaves UK.
Sailed 1/12
Salled 10/1 Selled 27th January
6th FebruaTY 8th February
Das Bangkook.
3rd February Du February 10th FebruMEN 14th March 9th March 20th March
Leaves Hongkong Uwe London
20th January
Zud February 19th February 13th March 18th April
20th February
4th March 10th Marchi 13th April 17th May
Via 'poro, Panang, Colombo, Bombay, Adm & Pt 8114. * "PENIS" extends to Hamburg, Rotterdam & antwerp And proceedu vla Àten & Genda only,
+ "CHUSAN" also calla at Napies, Marselling & Gibraltar.
Balia 20th Jan,
"SANGOLA"
sue ist Jan.
mulla
From Celeutia, Bangoon
& Biraits 1st Feb. for Japan
"OENA”
dan
A 6th Feb. for Japa
"OKULA"
"OZARDA"
$1.30 China Mall Special.
Chicago Grain
Prices
- Chicago, Jan. 22,
109 no
19391-16 1841-154
Denies Report
Milan, Jan. 22
A spokesman for Innocent of Milan, manufactures
Lambretta motor scooter, today Exchange Rates
denied reports that negotiations
under
with tho way British Motor Corporation but did not rule out the possibility in the future.
"So far, I repeat, so far, all newspaper reports that negotia tions have begun are without foundation," he stated-Reuter.
Burtness was done in the local this markot unofficial exchange morning at the following rates:- 1.8. dollar per 1), Sterling notes (per £1) Australian noies (per En Indonesian rupiah (per 100) Blam icals (per 100) Singapore (airalia)
"My dear madam, I can't possibly buy them for you at half their quoted price -even if we are in the middle of the January sales!"
London Biprais Serpien.
COMMODITY PRICES
FOREIGN "EXCHANGE
LONDON
Cloding rates were;
New York .... 21.60-11/18-285-19/10
Montreal
Amsterdam
ERLIZATION
BRITISH INDIA S.N. CO., LTD.
"FULTALA"
from Japan
for Singapore, Penang, Kangoon & Calcutta
EASTERN & AUSTRALIAN S.S. CO., LTD,
"NELLORE”
dus 21h, Jim from Japan/Shanghai Baie "and fed, for Labuan, Sandaken, Brisbane, Bydney, 3482- bourne à Adeltide
น
from Jupin sails. 72 Fox far saccflgn, Hrishide.
Bydney Newcastle & Melbourne
All Vémosla Bavě moěrný tanki dà shy parka on
br off the route a thè 'retts à satinées sto míbject
ja change or amendment with or without notice.
Маг
Family Finance Corp.
Firestone Tyre & Rubber
130
First Nat. City Bank
TO%
Gen. Pub. V.
43
Cudden Co.....
48:
Wheat No. 2, red
Heydan Newport Corp.
1412
Spot
Ingersoll-Rand
Mar
Kansas City Power & Light
50%
May
Kimberly Clark
July
10
Best
"De
No.-1-201
391%
Corn, No. 2, Yellow
43%
Spol
115
401
METALS
Settlement house term:
Fob
Mar, old
April/Juna
$72k
Már, new
0475
May
11815 117
July/Bost
Oct/Des
70
July
1102
Jan Mar
Sept.
LONDON
General markete, cif basis, potu:
Sears, Roebuck & Co. ......... Solar Aircraft...... Bouth Puerto Rico Sugar..
Jen
25% buyer
Dec.
The in market. was barely
MAT
231
2011
Üye
371%
Мдг
1376-
13271
the end of the unofficial atter
Onta
noon session, in sterling per
659.
long ton, as follows:
07.
Tles.
228 90m
2201
1200];
120-120
Spot 3-month Copper
Spot 3-month Lord 2nd JAM. April Zine 2nd half
Jan. April
781 702
23016
2271 227
701% TOTA
71
71
7214 with still some interest
721
LOWCT,
-UP.I
Southern Co.
PROTECTIONIST POLICY IN U.S.
London, Jan. 22.
May
Mar Máy Borbean. No. 2, yellow
#pot
May
July
Sept.
Bras
Sir David Eccles, President at the Board of Trade, said here Barley today there was no good trod- ing reason for the United States Government's rejection at the English Electric turider for two turbines, in favour of a higher bid, from an American firm.
Thi'wintement roado throuth
200-TL
Car Makers
Detroit, Jan. 29.
the Board of Trado płem once, Auto makers. In the United
be sath this knuelnos kore Sialak expect to build 194,083 Barcled in an isolated, incident. | care this week, a slight bien
Tudecte
BINGAPORE
14020-140.38
"ORNA"
P. & O./B, I. JOINT SERVICE
6th Feb. from Kandle. Bombay,
Cochin & Singapore
dun 11: Feb, from Karachi, "Dombay
Cochin & Tuucuria
malin 12th Feb, sör JapPREE
Das 18th Tab. from Japan sails 18th Yeb. for Singapore, Penang, Bornbay Karachi Dutral, Howeit, Basrah de Khorramaliähr
from Japan
duo 10th Mar, sails 11th Mar.
for Singapore, Penang, Cochin, Bombay, Kars- chid, Kuwait, Basrah & Khorramabar
193812-10.5415
Hrundeta Copenhagen
10.37-10.3744
Lisbon
60.15-80.25 23.7894-13.781 12.00-18.1042
Other unchanged-UPI.
"NANKIN".
dus
dis-
aleady. Other metals were also Fainte crepe thin Tab 3 steady today. Prices alowed at Estate erepe thick You
After opening the proviour Paris. Buyers Bellers lovele
the markat steadied Zurich 763 7495 Blightly on some trade buying and covering of lower shoots, Most dealers however, inciined to trade.
In the afternoon the market
continued quiet and fontureless ་་
Colton future closings,
Mai: I výšbse për ty. Feb. 111jallah | pence per lb. were op follows:
RUBBER
LONDON
}
pence per lb. Prices
in
COTTO.
LIVERPOOL COTTON
MAT
No. 2 rubber per in. Tab. No. 3
American Contract
Már/AB
Hà,
pet rubber unbaled .... Blanket-erene
May/June
Def/Nov
Do/Jan
KERKDAM
Missed Contract
No. 1. pèle gode
The
at Corner, not member of frequently," myranded in recent puts fast, werk,aded); the Men on Acton on Automotive The rubber marker i kd
pected to be hit=Reuter."
ist policy,"žteuber.
publication-Reuter,
unchanged since ye
July/1kg
10:
4th Feb.
For full portendørs upptly o MALKINNON MACKENZA & 10
*
*
*
*
>