THE CHINA MAIL, FRIDAY, FEBRUARY 27, 1959.
GILTS HAVE POOR DAY
WEEKLY REPORT ON THE
HONGKONG STOCK EXCHANGE
IN LONDON SHARES DRIFT
London, Feb. 26. The general lone was rea- sonably satisfactory even If JOBACH outnumbered gains on the London stock market today.
Gill-edged had a poor day and drifted tower to close with fulla of up to 3/18. Continuing pressure by the general public lend fem on the banks more money has forced them to toll government recurities order to malutain their quidity
ratios
10
* The Share
3K Bank Lombard Union Wheelock JIK Wharf
IIK Realty
ת1014
Feb. 26
78210x0
28
Up ur Down
Glance ✰
Dividend
& Bonus
$48
Yield (%)
6.2
您
3.2
33.40
4.70
$5
13.4
Market
At
Jan. 29
Feb. 3
Feb. 12
Feb. 18
8204
805
200
8171
2014b
270
27b
28
72140
724m
1212m
720
72
steady utendy
6.55
70
5.75
5.65
5.00
αν
AG
Dum
กษ
+$2
9.3
JIK Nocks
44%
44358
4414
-25¢
11.25
Provident
12
12.10
12.20
12.10
19.30
11
NK Hotels
23.10
23.10
23.30
નસ રાત
+#Or
31.10
8.0
23.3D
43.40
+100
$2
B.C
TIK Lands
3214
311
3114
3 UC
$2.40
7.7
1.BD
1.525
1.5254
1.525
1.50m
15¢
10
27
20.90
27
20.80
26.60
107b
112
£118
108
104bxd
---50c
3D
DV
8.0
Youmas
DAY
05
0
ክስ
R.3
Ch Light
1015
10.80
164
10,60
10.00
16.00
steady
$1.18
Electrics
25.70
20.30
2814
2614
26,30
--200
$1.90
Dairy Farm
G. I. Cement
BK Telephone
25.70
25.90
25.90m
25.80
25.40
-40e
$1.73
0.9
26.30h
25.00
25.70
253.90
26.50
+60c
33.25
12.2
10.30
16.00
16.60
15.30
16.10
10.20
+10c
$1.77%
10.9
A. N. Watson
13.40
13.80m
13.
13.80
14.40
+60¢
31
0,9
Lane Crawford
14.20m
14.40
14.70
14.70
14.00
--10c
$1.00
10.2
Ini Investiment Allied
6.26m 4m
5.15
6.15b
5.15b
5.20b
+3c
45c
12.5
im
3,95
3.05b
3.9756
+2140
25c
0.3
HK & FE Inv
9.60M
9.401>
からい
10
10
steady
HOC
3.00
3.9256
3.975
4
4
steady
COC
13
6.75b
6.70
0.80
6.80
0,85
450
80c
11.7
In foreign bonds Greeks fost ground but Jüpanese were Brm,
Selective
There was aplective
for Industrial equites but the market as a whole was irre,tas
ls, Lending wanted and
in pecor were story gains in Rolls-Royce nad British Mater Corporation
the provided feature
matur. Unilever Jasuen were dull in advance of the divided and Hudson's Bay lost ground.
of
There was a setback in gold and coppr shares on the grow- ing labour unrest in Africa, Ens were firm.
Oils were easier on the new thal Russia
is seeking to ex-
pert more olt-U.P.1.
UK's Textile
Trading Conditions
Oldham, Feb. 26. Mr Philip Lees, President of the Okhum Master Cotton Spinners" Asso- ciation, sald today that textile trading conditions!
your were "deplor
Inst able."
Order books, he told the As- sociation's annual meeting bere, were "worse than in the serious depression of flue 1230's."
Mr Laws urne the Govern
• mural to help Unistee any work- able scheme. to deal with the
TaxBle In hure surplus capacity.
Industry's
He added "A great deal of damage can be done and capital rescurces dissipated if there is a The position we are prie wer. in is largely the result of_gov- trnment polley."-Heater.
Pakistani Loan
UK Trams
Star Ferry
Textile Corp
Nanyang
THE TALLY: Last week, 6 higher, 8 steady, 11 lower.
Construction
Dividend
The Dirtelors of The Hongkong Engineering & Construction Co. Ltd a
INCO
thai as the meet-
Ing of shareholders to r
hett
March 25, 1989, the they will recommend
Hayment
of a final divi- dend of 20 cents per share and a Bonus of 40 eculs per khare on 2,000,000 $2 shares.
+$1.50
This week, 10 higher, 5 steady, 10 lower.
Specialties On Wall
Active
Street
New York, Feb. 26.
Stocks continued in an irregular, moderately active pattern
early today with attention centred on a few specialties.
Zenith, 1 14-point Kaher yesterday. Thimbat ortolber five points to $220.
Atomic-320 issues larred
General Tyre, again. another 37 points to $6.
Chicago Grain 25,000-sture
Market
Grains closed
Chicago, Fel. 26.
mostly steady To flum today on the Board of Trade.
Wheat No. 2, red
Spot
301.01. 2012 10~ 167%-N 2-7
Toxe
46 hunds
39 Industriale
302.00
24 rails.
102.73
13 litez
01,70
63 storks
20756
Com, lature price index...
146.70
Closing Prices
Mutual Fund Quotations
$ 44
10%.
BIS
172
PAZcs opened na delayeaf Allied Mits Inc. biocl: at $118. Brake Show
Ain. Cante & Radio Corp Amserlen Cyanomal Co. up three points,
Blue-chip American Telephone Amer. & Forgh. Power van op i points to a new high Am. Gas Electric a: $242.
American Motors, soll in re-
13 recovered sessions,
rent
An. Home Prod.... Am. Mach. & Fdry Ain. Sugur Res. ... Twin-Lina-Turn
Aenelelal FRANCE
points. Other autos were steady trudis Aviation Corp for firm.
Good Gains
There were good gains also in Babeck and Wilcox, While Motor, Stauffer Chemical, Ster. Bing Drug, Haveg, Interchemical Magnavox and Bestwall Gyp sum, with the last up over three point
Losses appeared in some
Nur 201590 20014412 May
July
Sept.
1+
Corn, No. 2, yellow
Spot
Mar d
119 1135
Mar. new
Miny
1172
July
(181
Sept
[11
dividend; in
Dec,
114
Steel
£16
Kyr
Mat
Анем
100%μ-42 131-
Landon, Feb. 20.
An announcement is likely to
be made in Tandon very shortly
on the details of the
milion British loan to Pakistan, which were discussed last werd
by the Finance Minister of Osta Pakistan, M.
Shoaib
with the
British Treasury-France-Presse.
Nationalisation
London, Feb. 20.
The British Labour Party to- day pledged self to nationalize Britain's slee! Industry If it wins the next Reneral election.- U.P.I.
Yesterday's Closing
Calif. Packing Corp. Campbell Soup Co. Cose J. 1) Co. Cal. Tractor
Celanese Corp.
CIT. Financial Corp. Curit Peabody...... Colombian Carbon Co.
Consnercial Credit
Continental OR of fel.
Diamond Alkall
of
Diamond Gard
Douglas Aircraft
the chemicals; in coppers where Kenneentt Jost-
1
Duw Chemicals
ارة اليمن
00
The following are quotations ||
LOWER Govt Budget Has
Little Effect
By A SPECIAL CORRESPONDENT Although the Hongkong Stack Exchange was quite steady this week, it was easier and prices tended to drift to lower levels.
The Hongkong Govern- ment "siny-put" budget had little effect on the market.
Losses
The reason for the light losses in the ulllity section was that une congnny was unload- ing a block of their utility hold- Ings, but most of this has now ht absorbed by the market,
In the stores group. Watsona were quite active and showed further improvement;
Cements reseted favourably, f their recent dividend an aduucement of $3 and a bonus of. 25 cents and were one of the firm spots in the maricet.
Elsewhere price changes were negligible and there was iktile of note to report.
Market Diary
Here is a market diary of the
Yaumatis were in good de- anand with the approach of their dividend announcement, and thej werkt share rose from $91.59 to $96.20 with talk on Ice House Street! Friday: that they may be paying an in- crensed "dividend this year.
same
On the ether hand, Phones, which
declared th dividend as last year, were suft. losing 40 cents on the week due to some pruit-talding,
In the store section, Watson which declared an unclianged $1 this year climbed to $14.40—- the highest this share has been Rince 1957 This sudden 60- cent gain in a week is reported due to the buying up of these particular shares by a gyndiente,
Dividend
Cements continued to react of Mutal Funds in the United favourably to thele dividend an- Slates in American dollars. The | neunerment and they advancerl buyers' quotations include com- mission:
Seller
ט, T
60 cents this week under steady demand,
Dieltend announcements this
Prices tended Lo harden, T/O:
$1,170.000,
Ruled steady: T/0:
$841,000.
Munday:
Tuesday: No material change.
T/O: $1,082,000. 19%dnesday: Qulet conditions.
T/O; $500,000. Thursday: Dull and feature-
*
+
less, T/O: $501,000.
HONGKONG STOCK EXCHANGE
Our Own Correspondent
Business done on the Hong-
kong Stock
morning
proximately
Exchange til:
amounted
10 up-
$310,000, Noon
quotations and the morning's
transactions were;
Shares BANKS
XD ...
1 link,
Buyers Seilrau
INSURANCES
Union.
Labard.. FELING
Wajerhost 21.00 Wheelk 0.13 DOC RTC.
art.
917
43 444
Doch Prykent,
19).... 13,30 12030 LAND, ETC.
Hotel 23.40 25.60
HK Land
JETA.i
31
Katre
712+
303.20 23.40
能
2000 23
17
120
1820 1
neily 1475–1825–1300 à. RUDDER Autak Trust.....
A. Tawa Stain UTILITIES
Tray
Stay
2.13 1.13
2.30
ד 17
2.00
2.00
2.55 2.73
24
Хо...... 123 107
Yaurant.. 13 A
C. Light
HAVANA 165, 16,70 B Electric,
Mi cao E, Telephun
??3 !
IN 200
INDUSTRIALS Cement.
XL
.......21.10 23.00 200
STORES, ETC.
1:06
10) A
1
23.40
100
23.40
21111
• ON DOW
Dairy.... 14, 1650 1030 16.20 Walvon 14.35 145 Lane, Crow. COTTONS Textiles..
14.30
3934,053
Nanyang 640 MISCELLANEOUS Vibro. 15,0) INVESTMENTS
int. av... 5.10 5.45 145 Alliest
K.K. AFT
Invest...
P&O B-I EA
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL 5.N. CO.
"CARTHAGE"
LEAVES UK.
Solled 22/1
"SALSETTE" Balled 8/2
"SUNDA"
DCE IN.
0th Mer.
2013 Mǝs.
"SINGAPORE" oth
0/3 Kolled
End Mar
Mar
11 Mar.
1st Apr.
17th Apr.
6th Mar.
10111
Apr.
3rd
401
Mar
11th May
"CANTON"
143%
742%
Benguel Care.
1
Natu
Finds
Muyerk
Hoeing Airplane
41
Anlated Fund
1.000
week were;
Burden (The) Co.
731
Am D Shre
453
Burroughs Add Machine
40%
Alum Dev Mat
૬.
0.11
50
Axe Hougtu 1
1.35
Bullick Fund
เอ.44
· 14.73
24
Canada Gen Fd
15.01
18.23
921
Canadian F
10,73
70.20
Canadian Int Growth
8.75
CITY LIGHTS
OUTWARDR
DJI
Chemical Fund
19.74
21.33
0121
Comwith Slack
14.70
13.99
45
Dividend Sh....
301
3:0
Co
Dreyfus Fund
$2.70
1307
$46
Eaton & Stock
2131
23.14
32
Electronics Inv
0.2%
721
361
Found Mut Fund
9.08
10.53
Han Fd C4
426
6.41
Just Found
11.00
1201
Tart Growth
11.14
12.10
Instit Income
7.11
TAI Jevet Tr won
11.37
12.11
432
Keystone CANG 1-2- Keystone Canada
23.03
1.11
12.00
$3.97
48P
GW
Mass in Tr......
Mars Growth
13.24
14.31
12 m)
13.03
Goodrich F.) Co.
90
Nid Sen Ser: Growth
7.42
B.11
Grusian Aircraft
2754
Scudder St & CL
1968
MO
Gulf of
Telev El d...
14.09
12.00
Hammond Organ
+45
Value Line Fund
45.30
750
Hestake sitning Co.
Heyden Newport Corp.
1413
V.I.P
$1.14
12.10
Wellington Prind
1300
13:17
"Unless mortgage
100 Apr. p.m. 18th Apr.
25th May
rates
volume
Idaho Power
Ingersoll-Ranki
Jatzremtual Carp.
comic down we'll never ba uble to afford our little love-nest {"
tot nauunal d'oper
"HIMALAYA" 1 p. 20th Apr. "CORFU"
Gan BU May *SINGAPORE" 5 p.m. 14th May "CARTHAGE" Noon Gih June
23th May
d: June
20th June
7th July
Averages
point
cx-
steels with" U.S. down; oils, with intses in Continental
around a point
and Ameruda.
Today's volume was 3,030,000 shares.
Of a total 1,230 shares traded
537 were higher and 471 lower,
American Exchange
was 1,300,000 shares.
Mar
MAY
Soybeans, No. 2, yellow
Spot
มร.
Mar
2201
Mov
July
Sel
200-ta
Huv
Barley
Spot
120-135
ᏌᏢᏗ .
were:
Bond volume amounted $6,010,000.
Dow-Jones closing
COMMODITY PRICES
FOREIGN EXCHANGE
NEW YORK
Closing roles were: Carinda England official ***: Switzerland.
Belgium
Olliers tinchanged,
LONDON
Closing. rates were:
New York ... 21-2.0134 Montreal
Amsterdam
Brusels
Concatagen
Frankfurt Milan
Pardan
Vienna Zurich
1.07-13/10 2.81-1/10
7
2.72-15/16-275-1/10 10.0-10.0 140.45-140.55 10.374-10.37
11.7442-11.743 1744-13445. 13.771-1327015
No. 1 rubber .....
No. 2 rubber ....... No. 3 subber
240 burcis
240 buyer's
243 buyer
No. 1 op 260 buyers
SINGAPORE
around the After opening
the previous closing levels market steadied on good trade
of most buying
grades. At higher levels there was heavy proft-taking which Was well absorbed
No. 1 rubber per lb. Mar. 01-075%
Apr. STRA,
No. 2 rubber per 1b, Mar, 057%-80% No. a rubber per 1 Mar. 60-651% No. 4 rubber per 16. Mar. 135-845
CO.B? Spot rubber unbated Blanket crepo
.... 79-81 00:91
No. 1 pale crepe
LONDON
The rubber
market
!
WOK
steady with spot 'quoted at 2535
pence per lb. Prices:
No. 1 1 spot
23%-25%
72.04-12,07, 12.14-12.4
Soliterpent house term:
April
232-251
May
25-12-251-
Juno
2011-20
April/June
22538-2036
Oct/Dec.
Jan/far.
120-2011 2011-2012
Others unchanged-U,P.I.
RUBBER
NEW YORK
Rex rubber futures today closed up five in off five points with sales of to contracta.
Estate crepe thin
Mar.
Estate prope thick
-MAT.
Colton future
cruzeiros per kila were as fol-
lows:
March
El Tolo National Cas Family Finance Corp. Fuclone Tyre & Rubber Fin Nat. City Bak Genaral Dynamics
Gen. Pub, Gul
Gen. Tyre & Rubber
Jolin-Manville Co.
Kaser industry
Kimberly Curk
Liggett Meyers Tub. Co.
Lowenstein & Sons.
AirDermal J. Itoy
McDonnell Aircraft
* Stock÷Egmfitároztaven
Morsania Chemical Co.
National Blacuil Co.
National Steel Corp Narfalk. Western Ry. North
Noltimer
On Mathieson
Am.
87 44
קל,
London Express Spice.
Itongka
Singapore
Stocks
Singapore, Feb. 27.
Telephone, dividend
of $1.75-1.50 dividend and 23 Guenis, bonus to yo
Turnover for the week was up nearly (wo lakhs and amounted to $4.18 million.
como Disappointing
34
Evidence of better enquiry at the beginning of the week faded as the week progressed with the result thai the lendo of trading slowed down and a few counters yielded ground #lgbély.
+
*
*
"BALMARA”
"CORFU" "CHUSAN"
DOMEWARDA
"CARTHAGE" "CANTON" "SUNDA"
Apr. 11th Apr,
LEAVES I.K.
Nonn 13th Mar.
Noon
DUE LONDON
12 Apr. 17th May
9.23
*
Via S'pore, Penang, Calomko, Kombay, Aden & l'e. Bald,
"SUNDA" and "BINGAPORE" omit Colombo & nombay, and extend to Hamburg, Rotterdam
and Antwerp.
བང་པོ་དང་གཡུ་ས
BRITISH INDIA S.N. CO., LTD.
from Calcuttu, di
& Straits. nalla 27th Feb. 1or Japan
din 4th Mar. from Calcutta, Rangoat
Atrate
alle 5th Mar. Har Japan
P. & O./B. I. JOINT SERVICE
4th Mar. Jrom Japan antie Gil Mar, tor Singapore, Penang. Cochin. Bombay, Karu- chi, Kuwait, Basrah da Khorramaiahr
Ol Mar, frotn Karachi, Kandła, Bombay, Cochin, Tu- corin & Singapore
xall th Mar. 1oz Japan
due 18th Mar, from Bombay, Cochin, Tuticoria & Singapore kable 108 Efar, for Japan
dun 10th Mor. from Japan S S'pera salta 2015 Mar. for Singapore, Bombay, Kocachi, Dubai, Kuwait, Basrah & Khorramsitalar
due
*
following stock prices,
*
GARBETA” Fort
Otis Elevators
Uxford Paper Co,
Fenny J. C. Co.
114
Batu Lintang Tublier Co
Oct/Nov.
10.40
Forn. Sal Co.
13
Dec/Jist,
19.30
Phlip Morris
Mixed Contract
Procter & Gamble Co.
70%
Brilist Borneo Petroleum
Syndicula
Consolidated a Snupitera
Publieker Industries
Mar/April
22.30
› Ord,
Opening
$2.35
43/d
23/1
Here is an Ice House Street cbserver's account of' the market:
"BANTHIA"
Pure O...
41
May/June
21.90
Radio Cum. Pref.
July/Aug.
20.15
Fraser Neave Ltd. Ord. 1182 Frust & Neave 797 cum.
Oct/Nav
10.15
Sears, Roebuck Co.
441,
pret
....$4.15
Shell Oul Co......
Dec/Jan.
10.05
So Reg. Paper
451%
Gammons (Malayu) Linked $1.69 longkong&
# promising After quite start the Stock Market finished the week on a dull and same. what disappointing mole.
+
*
"ORNA"
Ghanghel
SAO PAULO
Solt Paper
Hunking Corp.
closings,
in
Bmuth, Cline & French
10431
Hongkong Tin Ltd.
Bolar Aircraft
19
Kumpan Lid.
$430 4/10 $1.50
*
*
South Puerto Rico Sugur
Kuala Kampar Tin
"ORMARA"
dina
Southern Co. (The) ....
Lunde lubber Estates Lid,
20
8240
Southern National Cas
431
Malayan Breweries, .............
$2.65
Southern fallway (Com.)
544
Now Serandah Rubber Co.
the
Steep Rock Toronto Exge) Sunding Mining
147
Ltd
€2.95
Petaling Tin Lid.
82.30
Textron Ine.....
Raffles Hotel
$0.85
Time Inc. Tri-Cont.
Warrants Twentieth Century Fox Film Union Oit of Cal.
21%
51
Straits Tra
$1.00
$0.00
United Engineers Ord.
10.07
Wearns Bro
#120
·4435
• comdlv.
United Fruk
43
Villities were Inclined to te shade softer with the exception of Yaumati Ferrits which actually gained $1.50 to close at $98.50.
United Gas Comp.
40
U.S. Cypsum
312
U.S. Steel
1511
Westinghouse Air Hirako
3414
Western Union Tal, Co.
2414
West Va. Pulp & Paper
47a.
Winn-Dixie fitores
4414
210
-U.P.I.
Others unquieted.
In the United States, average price of ere-inch, cot- ton ut 14 designated spot mar- kets was 34.33 cents.
Total sales were 21,173 bales. New York and New Oricums cotton prices were unavailable today,UPI.
METALS
NEW YORK
Tukul Chein...........
Tide Water Art, Ol
191 | Singapore Call Storage
-China Mall Special
FOR INDIA'S BEST REFRIGERATION PRODUCTS
(Buitable for Frson 12 or Ammonia)
Always Inalet on
TRAJE
MM
MARK
*
"OLINDA"
"OKHLA“
.:
EASTERN & AUSTRALIAN 5.S. CO., LTD.
"KARMALA" Jandy 4th Mar,
Malis
"KASTKAN"
Bu Mar. for Labuan, Sandakan,
Brisisane,
Sydney Melbourne
dus 10th Mar, from Australia kala 19th Mar, for Japan
All vessels have liberty to enlist' say ports on or off the route & the routs à pailings are subject to chings ar amendmens with or without notics, -
General marketų, elt basis, ports:
• Prices of metal futures closed Mar. April and May. 2016-25% in cents, per lb, as follows:
March
May
July
Sept.
Now.
Jan.
March
AMSTERDAM
34.40
30.30
30.00
30,40
markei The rubber steady. Prices closed today In
küqgram, guilders · p March as follows:
cit
COTTON
LIVERPOOL
Cotton future closings,
pence per lb. were as follows;
Zenik Radło ...
Agreed Merchant
Rates
Swiss Francs Maximum 'Bell- Ing 74%.
Exchange Rates
Busino ay done in the fol
Exchange marke! 2014 marning at the rglowing rates:--
VB, dollar (per 81)
Our products are--
Indusicial Air Cooling Units,
Air Conditioning Calls.
Welded Too Caús er Moulds.
„V Shaped Brine. Cooling Calls, Horisontal Brino Agitators.
Hand Hoists & Dip Tsako
Lou Can Dumis.
Export Inquiries Invited by:——
Too Machinery Mart. Baraikkaus, Gwalior (ILF,) India.
Cabia===BÁRATKHANA.
',
Tinned Fipe, sia.
For full particulars apply to : MACKINNON, MACKENZIE & CO.
OF HONG KONG LTD. Telephone Nos: 27791-4.
Zemad
10.366
20%
20%
-U.P.I.
May Zino Mar
Copper Mar. May TY
May
10.500
0.200
1.000
39.002
31015
103.37
LONDON
Prices of metals closed today sterling per long ton ar follows:
Bayer Bellera
Tin spot
201
765
In
Copper sprá
Sisentl
American Contrat
Lead and hay
ORAL | Bring notes (per &1).
15.03
The
2015
Mar/April
May/June
July/Aug.
20.30
dac
Zine 2od hade ve
73), Blam Licals (per 100).
Australian Boten (per, 21), Indonesian rupiahs (per 100í.
4.00
Singapore, (pituja)