Page
London
{THE CHINA MAIL, FRIDAY, JULY 24, 1959.
WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE
Market BUSINESS VOLUME MAINTAINED
Mixed Lane, Crawford ✩ The
London, July 23. The stock market was a affair today mixed "with industrials on the
upswing
and
gilt-
edged drifting lower."
following yesterday's sharp ad- vance on a later-dented rumour that American Ford was about
Dividend-Bonus Well Received
By A SPECIAL CORRESPONDENT.
HK Bank Bombard Union Wheelock HK Wharf
IK Lands
HK Realty
July 23
92714xd
98
Up or
Down
Glance ⭑
Dlyklend
& Bonus
Uneasiness
Over UK
Share Market At
A
June 20
July 2
July 0
July 10
Xield (%)
805
134
945
£50
~~$4.50
$48
5.2
3444
35b
Jab
31b
+3
32
5.35
7154
73
10
B3
++$1
$3.40
4.1
0.05
G
014
0.40
0.40
steady
780
11.7
96
102
100
104
101
---$3
雪白
7.0
458
$14
HK Docks
4374
4314
44
+750
15
11.4
Talkoo Docks
$2
3%
114
3244
32!4
steady
52.80
R.O
Provident
12
12.40
14.70.
12.00
12.70
+100
$1.10
6.09
HK Hotel
27.30
28
28
28.20
28.20
ically
22.50
8.9
3314
3334
3544
ROY
+500
$3.49
6,0
Joining The Outer Seven
1.576
1.00
1.60
1.65
1,40
30
1.35
HK Trams.
25.60
28.50
28.00
20.20
2016
+3Dc
$2
G.8
110
110
117b
126
435
$9
0.85
Yaumati
208
11#
118
118
112
---83
#B
1,1
Chs Light;
17.80
17.70
17.90
IR.CO
18.30
steady
$1.10
Electries
27.30
37.00
27.00
20.40
28.70
+300
$1.00
0.03
HIK Telephone
26.GO
26.70
27.10
28,10
28.10
steady
$175
0.25
G. 1. Cement
944
3014
-3414
3421
34!2
25c
$3.25
9.4
Dairy Farm
10,30
10.10
10.30
17
17.30
+300
$1.525
8.85
A. 8. Watson
146
14.30
16.80
14.85m
15.30
+-15c
$1
6.05
18.70
18.10
18.500
18.90
$1.10
$2
10
and
Int'l Invraiment Allled
6.00
0
6.20
6.45
6
+5c
650
10
4.38
4.35
4.401
the
share climbed
80
K&FE Inv
11.30xrn
11.40
11.000
4.20% 11.006
4.15K
-5c
230
6.05
11.800
+20c
900
7,6
cents yesterday
on the
Textile Corp
5.85
4
8.95
4.45
6.30xd 11
0.05
25e
050
10.7
10.30
10.50
1016
--300
J0c
dividend bonus
Nanyang
announce-
Ford Motor shures felld The volume of business on the Hong- kong Stock Exchango was maintained this week although in a number of cases prices closed lower on profit- taking..
to buy the remaining stock in English Ford. •
B
Engineering shares featured
United Ds kein In Dovy Mappin & Webb Jumped more thon On the stores and Har- rods added 45.
Gilt-edged meetrities
down about. 24 Gef.
were
Greek and
German bonds moved ahead in
the foreign scetion,
Dollar stocks muved Bp un
1h overnight advance on Wall Street.
Olls were depressed and rub- bors quiet.-UIT.
Closing Prices
fifledged Hands
frition Transjaar! 3.
Console CA.
Consols 427
Converglun Loan 259.
CTA
Funding!
CM-18/10.
073-7/18.
BITO NA --
1960..
Loan
3
3. 1902004-
4
Funding Mack
Funding In
£9-16/10
Bavings 3, 1995/00-£OTA Savings
·C 49JL
1001/70-02-15/{n
Savings 3 105.75-EVEL
Banks
Barclay's Bank A Lat
54 Dd.
Charterect Bank-931 d. Hongkong-S
Instance
Union Insurance Canhm--- El
Alceral and Motors
Britich Motor Corp.
Foru Mower Com & cor.
Neeweria
Distillery C-27.
HONGKONG
STOCK EXCHANGE
[Our Own Correspondent
responded The market favourably to the increase in Lane, Crawford's din- tribution this your
ment.
Investors who think that Star Ferry still has a chance at
tender securing the
for the operation of the vehicular ferry In North Point pushed this share up to $131 yesterday, the highest this share has been since 1957. Yauma on the other hand fell
Business done on the Hodges on the week closing at $112 ko: Stock Exchange thin slight profit-taking. morning amounted to approxi mutely $664,000, Noʊn quotations and the wning's transactions;
Kales Buyers Reitera Asares
BANKS
2k trunk..
1123
East Asia. M
INSURANCES
Union
เงะย
T
112711
...
n1 62 930 1
17
SHOPPING
Waterbuat
Textiles
Although there sens a large shares this turnover i textile week, they had by the close yesterday enned from their light of last week. Textiles, now ex- 25 cents on the dividend, fast week, while Nanyange dropped
50 cents.
Turnover for the week was down slightly to $8.75 million
Wheelock
320 4.40 1000 (4
853
DOCKS, ETC
On-141
K. Whorl Provide
$7
101
4a+ 1260 12.70
W
MUND
1000
439% 12.00
CITY LIGHTS
LAND, ETC. UK RK
26.30 20.
Building and Materias Ansociaterl
Portland Cement -624
22. 34.
Rey RUBBER
Amalt.
31 397 20% 18.00 16.7
1.60 11.500 1.375
Barry
1.50
Coal, Sterl and Engineering
2.00 2.42 (0) 6003 4006 10
2.00
2.00 2.623
A. Tawil
3.70 303
3.30
Jupe Julian Astaciales Disk ----
Balck & Yeux Li
Vickers Lux
500 N
94
131
Vatte
112
13 113
light. 18.30 340
900
10.33
เค
Mes
Eserle
28.00 24.70
1.00
T
20.30
500 w
26 20.20
23.70
500 20.10 143... 28.10
34 342
"It's quite simple really, General, just remember that everything in black we've got everything to red or DWG."
Star Ferry
Laue, Crawford
20
THE TALLY: Last week, 20 higher, 1 tteady, 5 lower. This week, 13 higher, 5 steady, 8 lower.
0.03
PROFIT-TAKING NEAR CLOSE
New York, July 23. Profit-taking picked up in tempo near the close bringing irregularity into the main list.
dustrial
f
The realising of profils came on the heels of a sharp two-day advaner which had sent the in- sairing Into average new all-time high ground.
Gains and Josses
two points or more dotted the main list at the close. Some issues. Motorn and notably American Studebaker, lost ground despite terrife carttings reports.
Brokers attributed the selling
ON
American Airline
Am. Cable & Hadio Corp., American Cynnarald Co.' Am. Gas & Electric An eme Prod.
Ani. Marii. Ac Witry
American Metal
American Smelting Am. Sugar Rel. American Tel & Tei American Tub. "" Anaconda Capper Armco Steel Armour
Atlas Cons Mining Baldwin-Limu-tam. Bilimore & Onto
WALL STREET
Glidden Co.
*ENT
Shelloul Co.
Southern Co. (The) Soulbern National Gas
Standard Oil of Cal
London, July 23. Considerable uneasiness bordering on resent- mont prevails among some of the Common- wealth governments
over Britain's decision to join the Outer Seven European Free Trade Association, it learnt on good au- thority today.
was
which
Australia and New Zealand are the main countries ara particularly apprehensive of the adverso effects which such a trade grouping may have on their exports.
fears
AGRICULTURAL
A major portion of their ex- ports is made up of agricultural and dairy products and the Lat the Outer Seven grouping may affect their ex- to be ports vitally are stated
bren
has
of the
The resentment
because accentuated feeling whether it is supported by facts or bot, that Britain did not consult her Common- wealth allies, especially Australla and New
Zealand before com- mitling herself to join the Outer Bas Seven
agreement,
concluded
$14 carlier this week at Stockholm.
The permanent
50% miltce of the
Itaison com- Commonwealth
in London In which all countries
real.
30
10%.
Goodrich (B. F.) Cu.
26
Safeway Stores
G17.
Goodyear Tyre....
Soint Reg. Paper
XP
40
Grumitan Aircraft
2814
Scolt Paper
A
10:3
Gulf Oi
1032.
Sinclair Oil
Hammond Organ
21
Smil Cine & Frenchi
Homestake Mining Co.
423
Sorony Molt
Oil
431
45%
Idaho Power
732
Solar Alteraft
301,
Ingersoll-Rand
South Puerto Rico Sugur
221
BO
Inist Steel Co.
02
Sa
Interchent Corp.
35.
20
19.
Int'l Business Machines
Southern Railway (Can)
70
Ins' Hervesber
044
Standard Brands
CO
30!
International Nickel
1936
12
International Paper
Standard O ct Ind.
45
Ja Tel & Tel
Standard Oil of N.J.
John-Manville Cu.
Sterling Drug Co.
4713
Benelictal Finance
251
Konsas C. Power & Light
4042
Stokely Van Comp,
101%
after the
Benguet Cons
Bendix Aviation Corp.
Kennecott Copper
1034,
Studebaker-Packard Corp.
DA
Kimberly Clark
BUT
Sunshine Mining
Bethlehem Steel
34
Ligget: Meyers Tub. Co
Switt & C
45
Boeing Airplane
94
on ad
Texas Cu
Horden (The) Co.
11:09
Lockheed Aircraft
มน
egion he.
28
Loews Incorp,
3244
Chickol Chems.
3242
Le Star Cement Co.
312
ride Water Aust. bij
Lowenstein & Sona.
A1
29%
21
McDermott J. Hay
McDonnell furat
106
17
Minnesota Miina
*758
B1
Mission Development
Monsent Chemical Co.
sex
Montgomery Ward
401
Motorola Inc.
47
431
National Biscuit Co.
50
National Carl Reg. "A
1
National Dairy Prod
041
National Lend
National Steel Corp.
to technical factors and said it WDX to be expected
sharp run-up.
Despite the
selling, there
Burroughs Add Machine
were a number of good gains Calif. Packing Corp. in the s, including Youngs-Campbell Soup Co. lown, Reynolds Metals, Chrysler, Canadian Facile it.
Cane (3. 1,) Co. Carter Producis, Crune Co Cat Tractor
Storage and Electric
Bailery. Celanese Corpo, Today's volume was 3,310,000
Financial Corp.
shares.
Of a total 1,215 isues traded, 312 were higher al 505 lower,
American Exchange volume was 1,200,000 shares.
Bands volume amounted $5,100,000.
Maria. Dank Chrysler Motors Chett Peabody Colgate-Palmolive Co Colomblau Carbon Co.
Credit Commercial Consolidated Edi Curotal Oil of Del, Crane Co........ Crown Zelterbuch Cuban Aster, Sugar
Eastınan Kendini
221.35 El Paso National Cer
03.20 Family Finance Cary.
30
New York Central
Norfolk & Western Ry
541's North Amer. Aviallon
Nathiwest Airlines (Corn)
Elevators
Owen-linols Cina
Oxford Paper .
Pacife daw & Elec...
Paramont Pictures
Time Inc
Tri-Ceni, Warranty
Twentieth Century Fox Film
Carbide
Union Oil of Cal.
Unton Pacute Railway
United Aircraft
United Priit
119 Unite!
MU.S. Foll P.
01.K. Gypsum
0211.8. lne Co.
1313
20
0.8 Rubber
UH. Emelting US Biert
10-2.. Heel 1 P.C. PP
Втов.
4 rotors
Westinghouse Air Brake Westinghouse Electric
commissions
of the Commonwealth (through
high London) ard
61s their
C
53%
3419
74
in
pre
dis-
Whitchall
bern russing Britain's decision during
represented, have
this week.
to
STRONG PROTESTS
The committee
was to meet again tomorrow and may con- Unue its discussions next week on the subject. In meetings held New 30 so far the Australian and
Zealand
representatives havo protests strong 39 voiced their
against the British decision.
However it is not clear as to what they can immediately do change Britain's decision. Britain has always maintained from the beginning that if they so desire, Australia and New Zealand
Join the Outer Seven trade group: Thils they can only do by indirect means but should they desire to arrive with arrangements at trade members of the group which would give them the benefits of the soven nations club, Britain would help them to do 30.
101
140
40
***
4214
Diamond Garl
3
ศ
5439
Douglas Airesaf!
4311
Dow-Jones ploring averages were: 30 Industrialx
Dow Chemicals ..........
FLT
2R1
Western Union Tel. Co.
604.03
Dupont de Nemours
250
Winn-Dixle Stores
20 rolls
Eastern Aistine...
4022
Pan American Airways
272
Woolwords (K, W.)
I
willties
20.03
47
Zenith Radio
63 stacks
Parke Davis Co.
401
40 bunda
31
Penny J. C. Co.
Comin. future price index..
14504 Finestone Tyre & Hubber
147
Philip Morris ....
Fast Nat. City Bank
60
Closing Prices
20
Fillburgh Plate Ginas
Procter & Gamble Co.
82
3
Publicker Industries
Aldon Ine. Assi Allied Chemicals
$33 1201
Radio Corporation
General Motors
381
Radio Corp. Prof.
122
Gon. Tub. Ut
Republie Steel
All Cushners
Gen. Tyre Ilubber
Kids Metal
A. Brake Shoe
57
Getty Gil
21
Seat, П:cbuck & Co.
Dividend announcements during the week were:
London Expted Service
Standard Motor
Sells
Tractor Assets
London, July 23. The Standard Motor Company announced today that they are to sell their tractor manufactur. Ing, asota to the Canadian firm of Massey Ferguson Limited for £14,000,000.
The agreement which in nub. Jest to the completion of legal formalition, will increase Stand. ard's cash resources by about have after £12,500,000
they made certain ancillary payments. of For
expenditura £11,600,000. Massey Ferguson will acquire tractor assets England and France
គ with an annual capacity of 115,000 tractor units, Router.
(THLITIER
Trans
Stur Fer 4750 ENE
Macuta Telephen
INDUSTRIALS
{k+
STORES, ETC.
17 17.30 Dairy .. Watson
15.20 Latte, raw, 20.70
21 34
20.50 640249.70
compared with $9.95 million last Allied Milis ine. week.
Zag 1015.
Imperi 7.
дл
Food and Tobacco
Aterian Tub, Cu.. 124-
Tubares
Cu. L-GUA
Mlicencji
British Oxygen 1d. Ord--50; kl.
Canadian Pucine Ray 93%.
Dunlop Rubber C-22 0.
Hongkong & Cirra Cap-130
Imperial Chemical-94. Lyung & Com-71
Unilever Lid-974-4790.
Paper
Bowater Core 074603 90.
Associated Electrical
Electrical & Musical-su. English Electrle Co-401 20. General Electro-35 d.
( shipping. Indo-China Steun Nay. Co. def ord-70 34.
10
1 &Ú Steam Navigation det urd
storms
fireat Universal Stores "A"-421
Marks & Spencer Lid
WoolworthF.
19150
Texilles
Coats Jizd—209 Jud.
Courtruida Lid 03.
Minya
Anglo-American
Africa--1021 0,
Cona Goldfields of South Afrios-
149.
Con, Zine Corp. Ord-13, 16.
Do Beera def---1945 494)
Free Blate Daveloment & Invent
ment-k 10.
1200 20.00
"
500
20.00
LOTTONS
Textile.
5.00
63044 0500
!05 14 3.00
NISCELLANEOUS
Vibra
13
IN USTMENTS
Stal
11 K. & "FE
11.40
1000 10143
Invest X ta.
Bot. 11.40
Hongkong Realty, 15 cents-
the same as last year.
Lunc
Crawford,
$1.50
dividend, 50 cent bonus-$1,50 dividend last yene..
Market Diary
Here is a market diary of the weck:
Friday:
U.S INVESTMENT QUOTATIONS
Monday:
Mutual Funds
The
New York, July 17 following are United States Investments quotations in Tuesday:
American dollars. The buyer's
quotations include commission:
Mus
Axe Hought 13
Market was firm exertxt Younoti
which were down $2 at 3112. T/O: $1,963,900
Yesterday's Closing
Ford Motor
General Dynamice
General Electric
Genern? Foods
81% Pure Oil
20%
COMMODITY PRICES
SUCAR
all in cents
NEW YORK Closing prices Interest eenieodper b.: chiefly an Electrics,
Contract No. 4 (world} Wheelocks
Oct: 2.60-G7; Fan and
Sept: 2.05; Docks. T70: 2.01; Marci: 2.81: May: 2.81; July: $1,002,000.
2.87 Bent: 2.00: Get: 2.94: Sput (1.0.b. Cubs): 2.03.
Tolai Salex: 506 contracts. Open interest: 7.558 contracts. Contract No. & (domestle) Bepl 4.00: Nav: .01: March: Spot (C.1.1. N.Y. ex-duly): Total Bales: o contracta. Quan Interest:
Expansion of de- mond far shares in almost all sections at Improved raios "Persistent"
forced toking several issues down. UPI.
Electrics, Lights,
Helters Buye
Affliated Fund Am Bus Shre
7.20
0.41
4.05
+4.00
Atem Dev
8.30
คม
Bullock Fund
14.10
10.45
Canada Gen Fu
15.31 1050
Lands, Hotels, China
Canadien Fü
10.03
20.40
Providents
Canada Int
Chemical Fund
Phones in good de-
Comwith Stock
Dividend Sh
Dreyfus Fund
Eaton & II. Stock
Electrones In
Found Nut Fund Hamli F3 HC-1
Instit Found
Instit Grow Li
Insult Income
Nat Set Ser Growth..
Tolev El rd......
0.36 10,45
11.BL
10.03 17,00
mand, T/O: $2,022.-
DOD:
Wednesday: Brisk market with
3,291 contrACIS.-
COTTON
Closing
prices well main- tained. Taliroo and
ahada por lb.
Cations
easier, while Phones torture. street
✡
T/O: $1,310,000.
NEW YORK
prices all in cents
Dec./Jam March/April May/June July/Aug.
Mixed Contrack
July/Aug. Det/Nov. Dec/Jan.
March/April Moy/June July/Aug.
SAO PAULO
All unquoted. **
2892
220gos
368
AN
Average price in U.S. at 14 designated pol markets: 33.15 cents. Total sales: 4,238 bales.- UPI.
RUBBER
Rex
NEW YORK
rubber futures closing prices, all in cents per lb.:
July 30.50: Sept: 30.00; Nov: 33,25) Jan: 34.G: March: 34.50. May? 34.40: July 31.30.
Out/Doc.
Jan March
Apri/June
July/Aug.
LONDON
ali in pence
2031-2015
2016-291%
2011-29 2016-20 2011-201 Guneral markets, clf basis, ports:
Del./Dec.
13.9
Spot
0.04
7.00
Invest Tr Boston
11.02 12.01
Corp at Bout
Kaydone Cust 82
Keystone Canadia
22 -13.00
March May
32.00 32.72
No. Tas spot
Closing prices per 1b:
Settlement hope term:
|
Mass Inv
14.17
1933 | Thursday!
Mans Growli
14.43 15.70
0.09
9,72
Heudder St
C.....
40 00
$3.00
Value line rund
Interest centred chiefly on Banks, Realllies, Lands and TLO: Texlileo. $1,400,000.
July
Det Dec.
30.27
NEW ORLEANS Closing prices all in cents
pdr lb.
Apot
$2.50
July
AUK.
Qch
Eept.
Dec.
Fanta crop din
March
Extato' crape
Aug. 31 thick Aur. 31
May
July
Doc.
"Itongkong "Tin-49, 734.
Petelina Cla—Sa 794.
Itand-98 1.
Southern Kinta Cons Lid-e Bd. inion Cor-10 BU.
West Deletantain dollarining-- 133.
West Band Cons-Da_64.
Bri
calodis
Petroleum Brnal-
Dritish Petroleum Co., Ltd-10, Darah-73.
Royal Dutch. Patroleum-CIR Whil Transport & Trading-ikis.
Neuter.
V. Then Fund
Wolligion
་
7.50 0.10
11.n 13.00
14.01
.15.31
Exchange Rates
Disinième wen
U.S. Tobacco
LIVERPOOL
SEREHERE
BESIZARE
Closing prices all in pence
Greenville, N.C., July 28. The Leaf Tobacco Exporters done in the tocal
It would Association believed nela exchange markol
now include Poland as a how morning at the following tales:
0.7?
for United States UB. Quitar (per 1) Starting woter (për £1)amin
15.97 market Austrade polos por £1) 11m fobocco, the organisation told por
-China 3 members in a repor khorsedan rupiali (per 100)... ERAT Tical four 100) Bingoptam (&IPKits)
14 Mail #pecial;
American Contraét
July/Aug. Oct/Nov
AMSTERDAMI
|_ METALS
NEW YORK
Closing prices, all' in cents per
1b.:
Lead July
Sept.
Zinc July
Coppar July
Sept.
Sept.
Tin
July
Sept.
LONDON
32.44
10.94
10.93
201.00
101.00
Closing prices, all in sterling per-long on
Tin
Bpct
-mon
Buyers Sellero
70214 7033 200
70012
Others unavailable.-UTI
FOREIGN EXCHANGE
Canndo
+4
NEW YORK Closing-fales: 2016-2015gland gnielst 50-day 20-day New Zealand Bouth Africa ullquoted-Belgium- 291%-2932 Denmark
Others unclianged. 29-2012
LONDON Closing rates: New York Montreal Amsterdam Pocla Stockholm Milan Vienna
Cloting tales, all in guilders
per kilogram, c.l.t. July
No. 1 rubber
No. 1 rulver
No rubber
No. 1 Crupo
289 buyers
ZAL buyer
19 buyer
500 buyer
1.04-7/32 261-1
2.81-1/10
2001
2.31-1/16-231-13/10 7.03-11/10-2.00-13/10 10_n0-33/10-10.00 13.7572-13.79 14.535-14.841| 37443-17445 72.51 $7.64
Australian Oil
Concession
can
The Commurawealth Halson. committee if a sort of standing the of consisting
Tulsa, July 23. Sterling Oil of Oklahoma, Inc. committee hat: acquired a 12-million acre final and commercial advisors recession in, Australla through of the Commonwealth missions the purchase of 100 per cent of and Whitehall representatives. take decisions; the stock of Australia-American They cannot Oil Co., Ply., Ltd., Tulsa, i was their function is to report to announced today by Jeste A. their governments on their do- alone can Thest Traz, Sterling Oil President. liberations.
toke dreisloas--AFP, UPI.
SECURITY
5%
STABILITY SECURITY
· SAFETY
BAVING SERVICE
and.
SERVICE
Contests al futurojë Capital Kod ManorTIO
Vie Risk of Depreciation
No Charge For
· Cotrondest Wichdevala. ASSETS EXCEED 450,000,000 Exterent paid wõbent debicsion of United Kingdom income tax Weito today to General Manager for your copy of "Bank Deposit Account" booklet No. AÓ.74
LOMBARD BANKING
alicer
LIMITED DANCERS
LOWRANS MODEL, GRIZON STARZY PARK LAIL: LInen W3
LOMBARD BANKIST (KAN CAUR KID
_P.D. 993 $164, MOONG FLODN FINKATESH HOUSE, HAFTLEERVAT
A World Wide Banh long tent Flumen Orgierlancien