THE CHINA MAIL, FRIDAY, FEBRUARY 6, 1959,
WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE
ADVANCES ON
HONGKONG Profit-Taking
STOCK EXCHANGE
Business done on the long-
kong
Stock Exchange this
Inorning sunted to approxi-
mately $213,000. Noon quotations
Cuts Gains
Down Slightly
By A SPECIAL CORRESPONDENT
and the morning's transactions The Hongkong Stock Exchange closed for
were:
Kharel Buyer Sellers Haten
BANKS
NIK Bank B0100 375, 10
Fast Ana.
19.1
Ju>3
INSTRAN EN
Unden
SHPING
Wheelerk
DUENS, EM
Thank
5.70 G
the Chinose New Year with an upsurge although profit-taking towards the end
lowered prices slightly.
Electric, Wheelocks and Cements lead the field and hourly all gains were 889- tained.
Bargain Hunters
Trams again increased their
j dividend tnts year but certam
290 44.75 bargain hunters had been hoping for bonus issue, When thos uld not materialise these people
3P, 4P.
12 12 30
LAUR, ETC.
23 200
200
HR D
IN HOM
Healty
RULITA,
Amaly.
201 30 2018 ᎡᏗ
Tok
A. Zawah
UTILITIES
26.57.10 20024.00
1500
27
$1 DX
1825 18.30
Tram
Yaumati
C. lankst
Birgirie
1X 36 20 26-30 1921 2410
Mature 5.20
Telephone
11 2550 26
IN 2350
INDUSTRIALS
Cement
Metal
-
સ
6
STORES, ETC.
Daley. 10.50 10.75 Wafun
Whtsa
13.00 13.50
13.00 13 40
Lane, Craw. 1440 11.70
Textile
L'OTTONS
..
3.925
5.20
MISCELLANEOUS
Vibro
INVESTMENTS
HK, E.
Invra.
91.40
Akt
51.30
Caple their holdings resulting in a loss of 60 roots from the week's best.
Some of the malis reasons for the bull market the last twa weeks were:
Easy money,
Lower rates of Interest nit borrowed money. New accounts
after
the
Chinese New Year.
After The Chinese New Year the outward sentiment for the market appears good and prices. Trove with fresh 25.00 thould
Decounts.
25 23.00
เ 2:0
12:0 ... 22.03.
100 v
031
Wheelocks tacked on 20 cents for the week although they closed below their high of $5.30. In Demand Hongkong tands continued to 13, be in demand and the share row 17another 15 cents after their 31 It lost 25 vents 14he last week.
on profit-taking.
Although Trams managed to ell to $27.50 during the week they fell back to $20.90 yester day stier their dividend was antouneed,
Brisk Buying In
London
London, Feb; 5. The government's decision
to lift controls on capital! issues and stimulate pri-
CITY LIGHTS
YTID BY
"Oh-and include the cost of Ic tablecloth in the dll!
we've worked out a rather important deal on ["
London Spren Beretce.
Japan's Foreign Exchange Budget
Tokyo, Feb. 5.
✰ The
HK Bank Loinbard Union Wheelock
HK Wharf UK Decks Provident
HK Hotele
JK Lands
BK Really
BK Trains
Star Ferry
Vaumatis
Ch Light Elveteles
HK Telephone G. 1.
Coment Dairy Farms
A. S.
Watson
tane Crassford
In Investment
Allied
HK & FE Inv
Textile Corn Nanyang
WIDE
Jan. 6
813
20.20n 720
FRONT
Share Market
Market At A Glance ✯
Jan. 15
810
20.40m
Jan. 22
Jan. 29
Feb. 5
Up or
Down
Dividend
80734
60234
805
+$3.50
& Bonus
$48
Yield(%)
4.05
204071
ROLGU
216
4800
$2
7.4
7214
72461
12140
7214m
sirody
$3.40
4.7
6.60m
6342
0.55
5.63
5.70
78156
$156
780
13.1
1903
+50%
$9
0.3
4314
4434
450
45
ANK
50
18
12.30m
12,201
11.00
12.10
+100
$1.10
ย.
2216
23.20
33.40
23.10
23.10
steady
$2
8.7
30xr
301/b
3114
32
+750
$2.40
7.3
1.60
1.528
1.80
1.50
1.530
+2340
15c
9.8
27.20
27.20
27
27
20,90
-100
$*
7.5
107
107
100b
1016
1129
---35
30
8.03
03
+3
93
9314
0414
+$1
8.3
16.40
10,20
18.20
1014
16.80
+50c
$2.10
0.5%
2546
25.40
25.60
28.70
26.30
4400
$1,00
72
2314
25.50
25.30
26.30.
25.90
+200
81.75
0.8
25.60
25.40n
25
25.30%
$5.00
33
11.6
16 30
16.30
1614
10.30
16.00
+30c
51.77%
10.0
1314
13.30m
15.40m
18.00
18.00m
+20c
$1
1.25
14.20
14,30n
14.30
14.20
14.40
+200
$1.50
10.2
5.30
5,30
6.75
6.25m
5.15
for
050
12.5
4n
In
dim
40
Alcadr
250
6.25
0.700
2.956 6.60
9.00 4 0.706
9,60
0.001
0.40b
-200
R0c
43
3.90
3.0206
+2140
60c
15.16
6.10h
0.75b
6.70
-Be
60с
11.05
THE TALLY: Last week, 10 higher, 8 steady, 7 lower. This wook, 16 higher, 3 steady, 6 lower.
The fellowing are quotations of Mutual Funds in the United States in American dollars. Th buyers' quotations include com- mmission:
altetual Funds Adutated bund Ami Das Shrs
Indecision Continues On NY Stock Market
New York, Feb. 5.
Seher Bayer The stock market continued its path of indecision în à quiet
session today.
Trading fell off to the lightest level since late
December. Volume picked Up n prices
7.24
7.83
431
453
Atom Dev Art
501
601
Ase Hought, IS
0.47
921
Bullock Find
13.51
1+ (37
Vareta Gen F
14 13
1093
Callan F
20.33
Canadian Int Crow
043
Chemical F
1976
*137
fiuctuated
Copywith Stock
14 20
1609
sessions.
bl.dend a
301
3.32
reytus Fa Matoa & 14 Stork
24
1355
Eletronics Bay Found Muzt d Hans Fil HOST Trsat Pand
Growth
25 20
widely
Selling it the high priced shares for a
time nationst Business Machines American
Dow Jones closing averages were:
in
many
30 industrinis
20 ralla
150 44
15 utilities
£0.3
83 works
203.67
40 Linda
36.27
70
with Inter | Comm. future petca
шек
144.47
J
10 70
4.9
341
11.13
10
falling off six points.
11.03
Home Products
went
down
Closing Prices
191
750
more than five points.
11.40
1248
22 09
2141
Allied Chemicals
$74
12 AI
1304
1375
14.43
Long List
All Chaliners
Amer. & Fortn. Power
21.44
7.33
091
Sendder St & Ci Telev Fl Fa Vatge Llbe Fa V. 1. 1. Wellington Fa
10.10
39.18
points
Am Gas Electric Am. Mach. & dry. American Metal
30%
www.
7,10
7.PV
13,12
13.02 13.17
Inv Ur Bra
Muon day Th
Japan's foreign & xelange bad-Kestione Chinada get for the first
half of the Monte Fu! next financial year-April 10 Nat see Set: Growi September 1950-will provide for substantially larger imports
in the current period the n October 1958 to March 1950-s or Trade spokesman Under steady pressure. HK | Ministry Electric rained Co certs darbsaid here. the week clesing at $28.30.
beer
When new came onto Ire House Street that Green Island bad!
Rond doing very business in the past few months, there was an inimediat demand to: Cements which rose from a inver's quote of $25.30 last week to $23.00 this week.
In the stores Motion, Dairy Farms, Watsons and Lane Craw ford all tacked on useful gains.
Dividends
Dividend announcements
during the week were; Hongkong Trams. mercase of 10 cents.
$1.40-an
bank of East Asia. $12-the
vate investment delightedne as inst year. the stock exchange today
Star Ferry, $5.50-the rame as
and prices nearly every last year. where
higher. went
Brokers reported a brisk
j
Waison, 51-the stone a Tast
Gal Waterboat. $1.80 for turnover with buying ¦ 1958 and a capital gach bonus from the big institutions, put
$4 ger stare In respect March 11, Even the unchanged bank shares held un
people had 1989–the same dividend rate, which many
be cal today last year but expected would
Talled to damp Investors enthusinsan over industry's new
bonu
2163
there was
Turnover for the week was
million last year,
Satisfactory
freedom to raise money. All $4.71 million compared wath sections of industrials
leaped
were $2
bright but banks, in particular. into the limelight because hey are the favourite for new share issues.
Increase
in-
Most banks are keen to crease their shero capitals which have been unchanged for gears despite " Jange increase in business.
Midland Bank
shares gained i 4s 6d and most of the others 2s Ud.
Substantial gains were *g• corded #mongst hire-purchases finance issues. Most top dustrials were better.
Gilt-edred or en Arm bul became quieter after the un- changed bank rate and were finally below the best although they closed with gains ranging Hopes of a telte- up to 3/9, ment of the Cyprus question prompted further
of Greek bonds.
buylag
Here is an lee House Street byutver & account of the market; The Stock Market made very satisfactory showing In the
prior Wrek
to Chinese New Year and pricey can- bound in advance on a wide Iront with a marked im- urovement in the volume of which transacted busines amounted to approximately $1,712.000 as compared with $2.65 million last week.
Utilities all showed Int- with Electrics provement leading the rise.
Wheelocks and Lards also lad good increasek,
Unlon Waterbonis were in Food demand this week rising from $26 laat week to $27.50 yesterday.
market closed When the yesterday i continued to rule steady.
Market Diary Here is a market diary of the week!
Dollar stecky were uncertain Friday: after yesterday's easier trend on
Wall Street.-U.P.I.
Prices well main- tained. T/O: $830,000. Firmer tendency
and
re-
This is partly because Japan's Lalance of pagments position had Improved
appreciably, partly because her Import quirements had increased from lust year fallowing the econo- mile recovery here, the spoltes m: it nided, China Special.
A long a fell two
or more including U.S. Steel, American
Tources,
Foods, Haveg, Zenith, Tine, Smith, Kline &
General
General
AMC Expansion American Stores.
Victor Chemical Works,
Detroit, Feb. 5. Motors
French,
American Smejting Am. Bugar Rel.... American Tel & Tel Aincilean Tob, "B Anaconda Copper Armco Steel
and Armoir
Lukens Siec? fluctuated wide- American
with Corpornly
strength developing tion's expansion programme to beer the clore. The general tun increase its annual capacity to of stegi shares lost fractions to American $40,000 eats will be completed more than a paint.
by The end of the current year, | Motors was hit again in the Mr George Romney, the presi autos. Mall; dent. sald yesterday. China
Mall Special,
COMMODITY
FORLIG EXCHANG
NEW YORK Closing valez wore England of
30-days
New Zealan Stad Ahea
Helghar
Ginera antetunged.
LONDON
Closing rates were:
New York Montical Angster.don
Franklint Milan Osla Paris
Stuckholm
Zurich
22.01-1/16 2.31 2.00-13/16 2.80-1/10
0200-5/16
2.61-2-81-1/10
2.731-2.13) F0.69-10.50% 14021749-14082,
1744-174419
20 0212-25 103, 13.774-13.70 14.53-14 50% 12.00-12.0
Others unciranged-UP.I.
COTTON
comotiva per kilogram, es fol- Hews:
MAY Get.
9.10-
anoted
[2] the United States, the aver ge price of one inch cotton at 14 designated spot markets was 34.26 cents.
Total sales were 20,278 bales. --.U.F.I.
RUBBER
NEW YORK Nex nabber future today cloted 10 to 20 points lower with sales of 20 contracts.
March: 30.23; May: 30.27: July! 2027; Sept: 30.30; Nov: 30.20; Jan: 30.28. Mären: 30:25.
SINGAPORE Opening levels marked up on better overzets advices but with i sellers again reservert the mariet steadied further on short covering particularly on February positions.
No. 1 rubber per th. Feb. 6-05 Mar, 1-71. No. 2 rubber per lb. Feb. 25-83
0422-85% 10. 3
inqunted No. 4
05-201 70-01 Blanket crepe
NEW YORK Prices of cotton futures closed Spot rubber unbated today as follows:
11-02 MAT:, 15.07: No. 1 pale LONDON
Spot: 35.70 May: 33.10*10; didy: 32.00-04; Oct; 3170 Dee: 3 Mar; 3171; Moy: | The 30.01; July: 300.
NEW ORLEANS
Wils rubber
market barely steady with spot quoted Prices of cotton futures closed at 25% pence per lb. Price- No. 1 e spert ......... #3.2316 today or followa
Spot: 33.00; Mar: 33.95; May: 35.18; Judet: a beer 17 Mrs: 315 May: 31.8% Juty: 3990. LIVERPOOL
future closings, in Colton pence per Ib. were as follows;
American Contract.
25-25)
Oils were highly irregular, Leading Butos yielded fractions.
PRICES
SUCAR
Laldwin-Liina-flum.
Baltimore & Ohio Beneficiat Finance
Bendix Aviation Corp. Benguet Cons.. Bethlehem Steet Boeing Altplané Campbell Soup Co. Canadian Paciile . Case 11, 1) Co. Cat. Tractor Celanese Corp.
Chase. Mantal. Pank Chrysler Motors.. Colgate-Palmolive Co. Columbian Carbon Co, Colidated Edison L'rown Zellerbach Cuban Anzer. Sugar Diamond Alkall Douglas Aircraft Dow Chemicals
*}
New York Cotton Market
New York, Feb. 5. Colton fülüres today cun- tinued to be a two-sided affair, with strength in new crop deliveries do- minating the picture.
Closing prices ruled six lower to 34-points Higher. The mar- [ket opened off, six to up 14. points. New Orleans closed of four poluts.
Ensiness in
old crop months reflected smaller lean entries than expected, plus a moderato Increase in the eerlißeßied stocic and March Jiqulation before first nollee day, February 20.
Will Cancal
the Commencing August 1, Government will cancel the present direct export sales pro- gramme and substitute an ex- panded subsidy - in - kind pro- gromme. Subsidy on the new arrangement will be boosted 1 to cents o
pound, but the rate may be changed without notice to keep celton, in world- wide competition.
Loan entries for the week ended January 30 totalled 136,128 bales, about hair the Amount expected. However, the net stock of 1958 erop cotion under loon rose to 0,236,041 bales vs. only 2.640.565 bales last season.
The certitiented stuck today rose 1,981, to 83,612 bales, plus 3.211 boles awaiting certifica- tion.
Open contracts in the Morch delivery today totalled 140,800 bales.-U.P.L
PO B•Y│E&A
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N. CO.
OUTWARDS "CORFU"
"SOMALI" "SALSETTE"
"CARTHAGE"
"SUNDA" "CANTON"
LEAVES UK.
DUP D.R.
Salled 10/1
Din Feb.
d/i
20: Feb.
0th Mar.
Salted
17th Jan
0th Feb.
8th Feb. 2nd Mar.
LEAVES OR,
pp. ith Fed.
3 p.m. 21st Feb. Noon 13th Mar. Noon 16th Apr.
01 Mar
20th Mar.
DUE LONDON
13th Mar. 28th Mar 13th Apr.
17th May with May
*
31
70%
HOMEWARDS "CORFU" **SURAT" "CARTHAGE" "CANTON" *IUMALAYA" 11 p.m. 301 Apr. "CORFU"
Noon SL May "CARTHAGE" Noon ETS Juno
8th June
*
7th July
Dupont de Nemours
2001.
371
Eastman Kodak
Family Finance Corp.
Fire.tone Tyre & tuber
First Net City Hunk
General Fectric
Baste: Airline
General Msturs
Gen. Pub. U. Gelty Oll
alladen Co, Guanch, P. Cu. Goodyear Tyre Gulf Oll
Heyden Newport Corp Mining Co.
Homeshand...
Inland Steel Co....
Int'l Dutiness Machines
co Horventer,
NEW YORK World No. 4 sugar futures elesed today one to three points lower with sales of 254 tracts.
Domestic No. 6 sugar futures elesed unchanged to two points higher with sales of 348 con- .tracts.
Contract No. 4 (world) Morels: 3.12; May: 3.15; July: 3.17: Sept: 2,10; Det: 310; March: 9.21; May: 323 Epot-fcents per . fol Cuba): 3.12.
Open Interest: 6,575 contravis
Contrzet No. 8 (domestic) March; 5.51; May. 0.55; 7July: 3.0; Sept 5.72: Nov: 0.73; Spot-feents per lb. clf NV ex-duty); A32.
Open interest: 3,113 contacts.-
U.P.L
METALS
NEW YORK
Prices of metal futures closed
today in cents per tb. as follows:
Leid Btar. May Zinc Mur. Mny
Copper Mar.
May
International Nickel
Int'l. Tel & Tel
Juha-Maarille Co.
Kennecats Couper Kimberly Clark Loows Incorp... Long Biar Cement Co. Loweutein Soru McDonnell Alterati Stock Ext.i.... Me&ibi Iron Corp Atonigomery Motofula Inc. ..... National Cash Beg, "A" National Dalry
National Lead
New York Centen!
Olin Malleson
Ots Elevators
Owen-Hingis Glass Packle Gas & Elev Pan American Airways Paramoun! Pictures
Parke Davis Co. Penn. Balt Co.
Pop Morris
Publickor Industries Pure OR
Itadio Corporation
Rears, Nochuck & Co.
Shell on Co.
Baint Reg. Paper teost Paper
oceny Mobil Dif
19,300
Solar Alterafi_.....
1053
Bouth Puerto Rico Sugar
10.240
Southern Ca. (Than)
10.403
Southern Neden
Ga
29.121
Southern Railway (Com.)
Standard Branda
30.$20
Standard Oll of Cat.
IM.$70
Standart Oli of fnd.
09.02450) || Standard Oil of NJ.
Steep Reck
LAM
Trento Exge.j Studebaker-Packard Corp. Swift & Co.
Prices of metal futures closeil Texas Co..... today i sterling per long ten Time Ine.
Tide Water Audi
as follows:
Twonileth Century Fox Film İnyers Sellers | Unten Carbide
Union Pacific Railway
111 111 771
Settlement house form:
Tia
March
2518-257%
Mar May
April June
316-251-
July/Aug.
251-251
LONDON
Oct./Dec.
253.201
Jon/Mar.
251-20
General markets, est basis, paris: ..
Feb.
24-2516
Mar. and Apri
Monday:
March/Auri
evidenced. T/O: $1,200,000,
May/June
23.19 23.75
Estato crepe ta
Feb.
July/Aug.
$1.10 Estato crepe thle
Oct/Nov,
Tuczday:
Siccks holding their
Dec/Jan,
RU.1 20.13
th.
AMSTERDAM
Frankfurt, Feb. 5.
West Cormuhy's.
goft and
recent gains," T/0: $1,210,0
Mixed Caltract
Mar/April
13.10
May/June
122.13
July/Aug
21.00
kilogram, clt Fob, as follows:
spot 2-month Copper δρο The ruber market was quiet
J-int today. Prices in gulders per teda fel hatt'
201
20
TIN
130
rob.
#Chilna Mall Speciał,
prevailed. $801,000. Itule steady, T/O: |
$723,000,
T/0;
Bet/Nov.
P03
Nn.
rubber
2.40 now.
Hay
nc./J.
10.00
No, rubber
2.43 nom.
Zing fat halt
HAU PAULO
No. bké
Tab.
Coltun
future closingu, în
No. 1 kra
Bonn's Reserves
foteigts burterey tererves rose Wednesday: 1r conditions
by 3.200 stillllon tharke In. 150,
according to the monthly report
of the Burdushank leued today. Thursday:
nom.
267 dni. May
P
United Aircraf! Untied Fruit
trnited Q
Corp.
20% 210u.g. Gyprum
Boy0.3. Luis L'a.
U.S. Rubber
JOU.A. ameling
VA. Riest... Wainee, GroN,
fis | Wermałośve, Liestria
Wasiwaza
(K. W
Via S'jore, Penang, Colombo, Bombéy, Aden & Pt. Bald.
"EURAT" omits Cofrmbs & Gombay, and extends
to tambure. İterdain and Antwerp.
BRITISH INDIA 5.N. CO., LTD.
"HAVILDAR” dur 10th Feb. from Calculta, ilangoon
& Straka at 17th Feb.
20 Japan
due 16th Feb, from Jepan
"SANGOLA"
wils 10th Feb. for Bingapore,, Penang.
Hangowa à Calcutta
P. & 0./B. I. JOINT SERVICE
"OŻARDA"
Feb. from Japan 2436 12th Feb.
due
for Singapore, Penang. Bombay, Karachi. Dubai, Ruwait. Mauran
Khorramahaler
dus sith rev. from Karachi. Bombay,
Cochin & Tuticorin
zails Cheb, tur Japan
Jue
"ORILA"
"okMaka
2
"ORNA”
G Mar. from Karachi, Kandia,
Bombay, Corlun, Tuli-
corin & Singapore
Mar. r Japan
duo 10th Max. from Japan
Malls 11th Miar, for Singapore, Penang,
Cochin, Kombay, Kara-
chil. Kuvaki, Basrah & Khorramshahr
EASTERN & AUSTRALIAN 5.S. CO., LTD. "NÁŃKIN" In Purk trăm s
"KASTERN"
T52 Feb, for Brisbane, Sydney. Nowels & Melbourne
đưa du Bar, Go Antalia
6th Mar,
aalis
tot Japan
All reels have liberty to call atʼiny ports on đà aft the routa & the rotite & saljagu are subject to change or amendment with or without notice,
For full particulars uppily tal MACKINNON MACKENZIE & CO:
OF HONG KONG LTD. Telephone Nos: 27721-4.
>
*
E