Page
London
THE CHINA MAIL, FRIDAY, AUGUST 14, 1959.
WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE
Remains MARKET A LITTLE
A LITTLE EASIER
Steady
London, Aug. 13.
The stock market turned
mixed today on profit-taking but the
undertone
fairly firm.
was
some
still
Industrials elized irregular with trading issues often down fructionally. Steek rallied after a weak pening to finish only elightly lower. Motors and air- eruft fondet higher but Ford receded.
Gold Horks were quiet and unchanged. Coppers were dull. Oils ensed, reflecting Wall Street prices, and Anished with losses ranglist to about a shill- Ing.
Gilt exped Chittur.
Securities
werk
Most insurance shares werd sharply higher in places on the posibility of furtive markets,
Fost
further
fireet band's arbunit in foreign bonds and most dollar stocks were lower.-- UPL
Closing Prices
Brit apart
Conversion Luan
Gledged Bonds
3.
1078 B
£87-15/6.
274-568
£66-15/10.
1 Funtion
3.
15
INSERAD
Fort Stuck
£727
Fil
10
01-3714.
CB-15 H
4
Savings . 1955/03 215/16 Savings ... 118-11/10 Saymes 3. 1985/75 £26
hartered on t Hongkong
Chaitrance
[paner Canion). £5..
Aircraft and Motor,
1 Alert
Cate
For Mb Chem.
Breweries
Slight Losses Recorded On Profit-Taking
off slightly
The local stock market during the week
moved
with gradual weakening of prices in most stocks after a spate of mid-week profit-taking.
Crowfurdi
lightly
IIK Bank Lombard Union Wheelock BK Wharf
28.30
-1
✰
Pogo 9
Increase In U.S. Steel
Glance Shipments
Yield (%)
The Share
Share Market
At A
July 10
050
July 20
02714x
July 30
Aug. 6
Aur. 13
Up or Down
Dividend
Bonus
DED
0700
970
steady
540
4.0
356
38
37b
звы
40b
$2
12
6
B2
83
62
851⁄44b
8814
+++$3
$3.40
3.8
0.40
4,40
6.30
6,35
0.35
steady
750
31.7
104
101
100
1010
101
steady
$8
7.0
MK Docks
4314
#
434b
44
43
250
15
11
Talkoo Docks
12 น
3214
3234
3314
3244
-100
$2.80
8.3
Provident
12.00
12.70
12.40
13.10
13
-10c
$1.30
8,3
HK Hotels
28.20
21,20
26.20
2814
-200
$2.50
8.5
2634
301%
30.50
37%2
30
32.40
6.5
1.06
1.80
1.00
1.675
1xd
stently
150
9.3
НК Trams
29.20
294
2014
3014
29.10
-$1.43
$2
0.5
have
Star Ferry Yaumati
126
131
131b
138
137
-$1
$0
5.6
115
112
111
110
114
-$3
$6
6.5
·
Ch Light
18.30
19.30
18.20
18.00
18.30
-30c
$1.10
•
28.40
28.70
28.70
29
29.10
#0c
$1.90
0.0
IIK Telephone
28.10
26.10
28.10
28.90
28.00
~~~300
$1.75
3.2
3434
3844
3411
34%
Ja
--25€
$3.20
9.4
17
17.30
17.30
17.00
17.40
--200
$1.525
6.7
14.95
15.10
17.40
18.10
18.10
steady
51
18.00
20
21
19.10xd
- 19.20xd
+100
$2
0.7
6.45
G
0.40b
0.00
C.90
sleady
Обо
D.8
4.30s
4,155
4.05b
4.00
4.70
+-10c
250
53.7
11.600
6.30xd 11
11.800
11.70
11.00
11,70
++ 10
DOC
7.0
0.05 10%
G
6.10
6.10
steady
650
10.5
101%
10.60
10.30
J0c
700
dropped
Uities appeared 10 Watsons during the week, but rallied 1 reached their peak and Buctuated during the week with a little The close.
auncertainty. Profit-taking also proclubly on an excellent report had its effect in this section and and Anished off up approximate-signs of weakness were evident ly $1,
Lane,
HONGKONG STOCK EXCHANGE
(Our Own Correspondant.
Business done on the Hong- kong Stock Exchange this moris- ing mounted to approximately $985.000. Non quotations and the morning's transpellons:
Buyer Sellers
30
له الا الله
640
44
at the cluse.
Trams weakened considre- ably on the announcement of an unchanged interim dividend of Do cents and no bonus Jesug as expected. Disappainted sellers were immediately in evidence.
Konda remained steady at n lower level while Realties and Wheelocks were unchanged.
Rabbers were well supported throughout the week.
uf
The Laos situation has had nu vixent 011 14 inarke and deemed
another laft frivultats propaganda.
The mid-week Wall Street crack made little having recovered daronge was done.
impression. Before
Market Diary
HK Lands HIK Realty
Electrics
G. I. Cement
Dairy Farm
A. S. Waison Lane, Crawford Int'l Investment Allied
HK & FE Inv Texille Corp Nanyag
6.7
Narrow Movements On
New York, Aug. 13.
any Stocks moved within a fairly narrow range today in one of the slowest sessions
Fallowing the market dia y for the week!
Friday:
Shares
WWW/90-
BANKEN
NK Bank
INSURANCES
[
L
Barely Lank
"A" 1-19
ard
SHIFTING Wavelock
401
0.51
6.40 400g
1000
DOURS, ETC.
K. Whirl
160
104
4417 45
200
44
GOD
441. 44.
Ord 15-
Monday:
Ballers Co
Poment 55%
Provident LAND, EF
Jak to
kin Trey
13 100
12:30
20 20 20.30
24.20
14.7 37.20
110014 £300.
301
16.800
Heast RACH And....
1
270
2.07%
Tuesday:
1000
2.201
2100 4
2.70
Trat
1.90
10,0%
3.0723
T600
192,
A. Tawah
3.10
Ch. 16-574
ETILITIA
"Толесь
20.20
100
2200
640
18 201
Yutat!
114 115
Tout
114
O14--04
C. Light
1820 18.40
1770
10-30
300
1lding and Materials
Amorlated Pined
Pinehip Jobusun Asmectases Did 22104
Pal, Steel and Inxineering Haberk & Wileux Lid-50% 41%. Vickers 10
Food and Tobacco
British Americnt Tub Cha
1.
Board
Butish
MiscellaneoTA
Matten Ltd. 10. Jud.
xygen
Canadian Pacle
Rubber Ca-214)
STARESTORA & China Gar-11.
perial Chemical-3 5. Lynn & Co-74s 11⁄2d.
Unilever Lad--15% 4.
Radio and Electrical
d.
Astoria Electrical-2 Electrical & Muxient--81x 94.
Engla Farctric Co-453 General Eleettie-37%.
Indo-Clika d-2#sk
Shipping
OR.
ر الجملة
Electric
*Telephone INDUSTRIALS
meet
ורון
29.10 220.10
500 29.1
extron
in more than a year,
American Airline
American Smelling
The widest price changes ap-Alls Chemers peared in Issues outside the Am. Brake Shoe
used to empile the Am, Cable & Radio Corp. The market was groupa
American Cyanamid Co. active, with general | averages,
An, & Forgn. Power enquiries in most!
American ship building show-Am. Gay & Fisetric
Am. Home Prod The rub-jed one of the best gains in the Am. Mach. & Fdry. be: section was fist: I rowe MOFT than five American Metal .... "བ』1 supported. points, There were a number; Am. Natural Gas... Turnover was ap- of textes with guns and losses proximately; of} to 2 points. $2,000,000.
it was Over-all, Utilities We
marked market, investors appeared to generally
The markethe marking time pending turther down.
und was leady at the clarification of economie einke at lower international political matters. levels. Tumover $1,538,000
The market for the most part was un- certain.
Turnover was reduced after
Today's volume was 2,020,000 shares.
Of a total 1,102 insures traded, 43 were bigher and 510 lower.
Ain. Sugar Ref.
Armour....
this Cars Mining
| daniwm-tlinn-Ham.
Baltimore A Dialo
Bank of Montruzi Beneficial Finance Bendix Aviation Corp.
Benguet Cany
Bethlehem Steel
| Jaring Airplane
Wall Street
Eastman Kodak
Pan Natural Cas
General Motors
25 Gen. Pub, VIL
442%
Gen Tyre & Rubber Getty O
Glidden Co.
121, + Sinclair Oil
Standard Oil of Ind Standar Ol of NJ Sleep Reck
14399
43%
330
40
New York, Aug. 13. An extraordinary increase in June shipments of sice) mill products sent totals for both the month and the half year to new high recorda, according to tho American Iron and Steel Institute.
I said, half a dozen big in- dustries, including
automotive
containers and contractors
pro- in
more steel
ducle, obtained the half year than ever before.
NEW RECORDS
New records were also set in tive Important mill products cold rolled sheets,
shvels, electrolytie
hot rolled
Un plate,
galvanised sheets and conerete
reinforcing bors.
The Institute sald June ship- tons com- Dients of 9,700,000
tona in
pared with 3,754,000
the precedlog month (the for- mer record) and 5,740,000 tons In June 1950. For the first halt
shipinents of 1059
nggregated 28,COB,- 48,150,000 tons against 000 tons in corresponding 1958.
The Institute sald recent high ratios appeared to indicate has mills were well cleaned out of inventories of semi-finished and This cond!- Brished products. tan could mean a period after the current strike in
32
Smith, Khine & French
54
3341
Family Finance Corp...
Bucony Mobil Oll
Firestone Tyre & Rubber
Solar Aircraft
19
DEK
Final Nat. City Burk
South Puerto Rico Sugar
which
Ford Motor Co. of Cuna
10t
Southern Co. (Ther
005
39)
Georgia Public
442
Southern Naliostal Gas
4016
shipments would lox
behind
14
General Dynamic
50%
Southern Railway Com
53 production,
175
General Electie
COT
Standard Aranda
7310
General Fooda...
Standard Oil of Cal.
52
4734
5226
30
224
Stern Drug Co.
55x
47
listless
American Tel & Tel Batterian Tob.. Anaconda Copper Aries Sivo!
7011
Goodrich (BF) Co.
D2
Stokely-Yan Cain
20%
0322
Goxiyear Tyre
1.34
Stone Webster kysse
60
7310
Grennan Aerati
Zb
Studenker-Porkard Corp.
1
292.
Gult On.......
1131% Sunalne Mining
12
Hanymond Organ
M
Swift & Co.
442%
1514
Heyden Newport Comp
Texas Ca...
13/541
Hetke Mining Co.
4
Text Ine.
201
64gb
ems Refrie
213
Thoko) Chern.
531
5
Idaho Power
431
Tide Water Assn. Od
72
Imperial C
$21.
Thoe loc.
041
1
Ingersoll-Larai
Til-C. Warrenla
kirant Steel
Interobenkul Cory
Cortide
Init Bushues Machines
417
07%
Int'l Harvester
Union Page Ballway
International Nickel
1032
United Alivradi
40
International Paper
1203
Dini Fruit
03
Inti Tel & To
United CAN Corp.
494
29
21
10016
31
Elly Tulip
54
Litton Ind.
Chase Manhat.
ank
Lockhard Afteratt
Chrysler Motors
04:1
635.43
Cluett Pentuxly
491%
Loews Inver,
......
Lane Star Cement Co.
192.13
Colgate-Palmolive Co.
Lowcheleine.
01.51
63 stocka
21.41
Elathia Corben Co. Commercial Credii..
50
McDermott J. Ray
401
63
24
was
40 bondy
83.65
Consolidated Edison
04
| Mesabi Ion Corp.
3
Comm. future price index
750,00
Continental Oll of Del.
140
Wentworth (KW)
Crune Co. ... .. crown Zellerbach
EXAL
54
Mission Development
284
Zenith Radio ....
Monsanto Chemical Co
Cuba Amer. Sugar
Monomery Ward
Diamond Gard
Motorola Ine
Dominion Stores
071
National Biscuit Co.
#33%
Douglas Aircrati
National Cash Reg. "A"
974%
Therminato
es
National Dairy Prod.
331%
Dupont de Nemours
National Lead.....
12014
Eastern Airlina
33
National Steel Corp.
New York Crotral
a session of proft- taking. Tumover was $032,000. Wednesday: The
2077
49.0
25.
ins
34
500 4 32.75
STORES, ETC.
17:30 17:40 130s Watoon. 14. 1860
Lane Craw.
XU
19
S4 GH
4
17.40 1. 교
18.20 Thursday:
..... 2040 20,78
1500 44
450
1100 +
2020
GO Y
20.00
Stores "A"-43"
COTTONS Texklu
F..it .10
11.10 10.40 2000 41
10.30
Tint Alliest
Invest
6.50
1.00
4.20
12 1000 ør
Menn Nav, Co. del P&O Stran Navigation def erd
Great Universul
Marks & Spencer 14:1-384, Wedworth F. W. & Co-32 410.
DIMEN
Anglo-American Cur
A-1978 150.
*TH
of South
Chfletor of South Africa--
Cont. Zine Co Ord Gen Bal,
De Beers det 174 412.
Free Rtale Developingnt & davet-
11.
Thong T-15 715€!.
Petelina Tin--ás d
NAME 101 Ad..
Southern Kinin
.
Cons L-23-
Union Corp-the 158.
Driefontein
15 6 car.
Goldmining--
West and Cons--224 66.
OK
Britt Barva Petroleum Syndi. cate-s
Brush Pelroleum
Burn-47% 10.
Cu12 1.19-675
Trading -149.4
Royal Dutch Petroleum- £15,
Shell Transparent
Id Heuter.
Britain's
Exports Increase
Rubber Market Review
New York. Aug. 13. Rex rubber futures today closed 30 180 points higher on sales of 124 con- tracts.
to
contracts
market
American volume amounice! was $60,000 shares.
Bonds volume amounted peared steadier with | $4,340.009, renewed support. Fractional
were evident
gains Dow-Jones
some stocks. Turn-
aver
In
were:
20 Industrials 420 rails
proximately is utilite
$1,074,000.
The market
active resulting in a j
satisfactory
1orden (The Ca. Furoughs Adil-Bachine British Amer.
Calif. Packing Corp. Cuna, Dk. of Conan. Campbell Se R.
Cn. to Canadian
Case (J. I.) Co. Cai, Tractor Celanese Corp.
closing averages CIT. Financial Corp,
turnover. Watsons Closing Prices
and
Crow- Lane,
funds Lagged on
t
Akten Inc. Aer
Paper
useful gains. Turn-Ablubi Per & ever mounted to Algoma Steel Corp. $1,000,000
Yesterday's Closing
Alled Chemical
Dimma Atkoli
COMMODITY PRICES
SUGAR
NEW YORK
Closing prices all in cents per
1b.:
Contract No. 4 (world)
Seo: 213-5: Oct; 2.09: Jan: 2.03;
und soles to open up new short poli
3 B3;
Prices rose sharply after the commodity exchange announced March: 2.05: Stay: 331 July: 3.01 this morning that trading in the Sept: 3.03 Oct: 300; Spol-1.0. nearby September contract "Is Cuba) 233: Total ficles: 758 contracts:
Contract No. 6 (domestic) Hmited to purchase and rule to Open interest: 8427 contracta liquidate outstanding
Sept: 600; Nov: 591; March: 5.49:
ex-duty NY. the sellers Total Sales: 163 contravis: Openi
Interest: 3,172 ccntracta—UPI. rubber rubber approved for certißcation A short available for delivery. sole for day clearance trade or The day trade is prohibited. opening of long positions is lou, prohibited."
positions provided
have certificated
ہیں
The spot price for No. 1 Rss was quoted at 384 cents.
COTTON
July/Aug.
Oct/Nov. Dec/Jon March/April
May/June
No. 1 rubber n. rubr
No. 3 cuber
304
2.00 buyers
2.00 buyers
METALS
American Contract
No. 1 crepe
21.00 21,31
2.04 ZayerA 3.30 buyer -VIL
21.23
July/Aug.
Oct/Nuy.
Mixed Contract
July/Aug
21.70
Oct/Nov. Dec/Jan.
21.73
21.79
March/Aprit
21,40
24.40
-UPI.
per lb.:
Lead Sept.
OL
ZINC
Sept.
Oct.
Copper Sept.
Oct.
Tin
Sept
Oct.
LONDON
May/June July/Aug. Oct./Dec.
| RUBBER
NEW YORK
Rex rubber futures
prices, all in cents per tb
Sept: 30.6: Nov: 30.00: Jan: 35.03:
May; 35.00; 3у: March: 35,40: 36.00 Sept: 34.00
NEW YORK
Closing prices, all in conty
Johns Manville Co.
Kao C. Power & Light
Kennecot Cuyper .......
Kimberly Clark
Ligguli Movers Tuls. Co.
BO Twenteth Century Fox Film
5. Fob "H"
US, Cy
1009. Line Co.
US. Hubber 001% 5. Smeting 58.8. Ston..
100
US. Brel 7 PC. Pr 27 | Warner Bros. ..........
Waukesha Motors 2016
Westinghouse Air Brake Westinghouse Electric Western Unten Tel. Co. West Va. Pulp & Paper
Wire-Dixie StorrS
SUFFICIENT STOCK
fabricators steel Structural have fleclent sigel locks on hand to continue operations for three or more trønths despite the sleel strike.
Eight of len fabricators have steel backlugs to maintain their current rate of deliveries free
37 months or more with some In
a position to run as long as six ibriths, a survey by the Institute showed,
Almost all fabricators polled said, they were continuing to ac- cept new order during the steel
and mile-up
they were quoting normal delivery times. Moreover. said he institute which,
4 presents more than 300 fabrica- 416 Lors
"are encouraging
most
future orders....since they feel that the tremendous expansion in rolling mifl capacity
enable them to rapidly all any 07 backlog promptly upon settle meal"-China Mall Special.
McDonnell Aircrati
Mia Mink
Norunda Mines Lld.
North Amer. Avini
Northwest Airlines (Com} Ola Mathieson
kilir žievatorE DO Owen-Ilinols Casa Oxford Paper Cz. Pacific Gas &
Flee. ... Pan American Airways Paramount Pictures Parka Davis Ch.
Penny J. C. C.
Penn. Salt
Philip Morris Pitney Bowes
Procter & Gamble C Pittsburgh Plate Gloss Publicker Industriew
Pure O
Hadio C
Radia Corp.
itaytheat
Repubile Steel
Reynokis Metal
of CanadĀDI
Inel Bank & Co.
Белг
Shell O Co.
Safeway Stores
Saint Reg. Paper
Schenley Inc.
Scott Paper
11.32
$1.00
3104
US INVESTMENT
101.75
101.75
Closing prices, all in sterling
Buyers Bellora
29236b
703
721
701
clos
per long ton.
ΤΙΠ
Spot
3-mont
Copper
$.00
Cats
SINGAPORE Closing prices all in Stra's
per, lb Lab.
Spot 3-monta
Lead 1st halt Aug.
Malayan
Nov.
Zine at holt Aug
23,49
ports:
21436 Nov...
No. 1 Aug.
No. 1-Sep.
No. 2 Aŭg.
10876-1071% 1049-10475 104-104
-UPI.
Aug.
1009-1041
10
NEW YORK
Closing prices all in cents per
b
Spot
Bre Match
Quiet. lunch
May
July
Det
Dec.
London, Aug. 13.
July Britain's exports In amounted Lo £287,800,000
In Singapore after opening” which · £30,000,000 more
around final closing levels the than in June and 53 per cent
rubber market steadied abore the monthly average for
shortcovering and renewed buy- the first half of the year.
ing interest. Lower shoots were Imports In July were £353,- neglected with factories 000,000 and 10 per cent above Factory Inquiry the monthly average for the first half of the year.
Re-exports were £0,300,000. The trade gap-excess of im. poris over exports and re- exports-was £35,900,000 which is £11,000,000 top thin in Jung but neurly £19,000,000 more atcady
after steadied the market which then ruled very quiet with interest centred on one Rss.
Covering in August continued quietly throughout the day with sellers meeting market.
London rubber market
but quiet with spot
NEW ORLEANS
Closing prices all in cents per Epol robber unbeled “..
102-103
10411-10746
Apot
Dec.
was
March
Lay
Oct.
Dec.
than the monthly average for quoted at 911⁄4 pence per 1b. the first half of this year.-UPI, In Amsterdam, the rubber
market was steady-UPI.
Exchange Rates
3.74
15.00
Busines was done in the Foci | Unofficial exchange market this morning, at the following Tales: U.B. dollar (per all pos Burling notes. (per EL). ............. Australian notos (per £1) ...EN Indonesiaty ruigilati (per 100)*** Mlam Ucale (per 100) ............... 20.30
gepare (B\zaits)
$2.01
Befilament house ternit
Blanket drepe
3.31-107
No. I pate crepe
113-115
31.00
LONDON
T
47
Closing prices
ali in penice
32.06
per lb.:
No, 1. Res pot ang
20.70
SAO PAULO 30.29
Oct-Dec.
Jan./March
April/June JTZAUE.
Dot Dro
Genstal
markets. c.i..
ΠΟΣ
ports: Aug. Det
Estate
JoT-2136 201-30
2011- 2014-201
basid
-2075-31 2012-09 ihin. Aug. 24% crepe
33 Birk AUR. AMSTERDAM
Canada
England offlelal
Closing rates!
New York
| Montreal -
Amsterdam
(Closing prices alt in cruzeiro
per kilo),, unavailable today.
Agreed Merchant Average price in U.8. a 14
Rates
Canadian Dollars, Maxinum
Selling. 16. Minimum Duying,
I 10% TT: 16-13/16 O.D.
designated spot markets; available.
Tulal palos: 12,000 bales.
LIVERPOOL Closing peleon all fa pener Iper ib.:
::::::
721%
כנדר
QUOTATIONS
Mutual Funds
The following are US. Invest-
ment quotations
In American
dollars. The buyer's prices in-
elude commission:
Afiliated Fund
Am Bus B
Atom Doy Mus
Bullock
Sellars Buyerı
7.50
1.42
4.31
4.01
4.00
6.1
6.00
9.67
10.00 14.22
ARE HO
Canada Gen Fund.. Canalian J Canadian Ent Growth
15.48 10.74 10.02 *0.34 10.07
10.07
FOREIGN LACHANGI
NEW YORK Closing rates;
All olbers unchanged,
LONDON
О га
filuck
Dividend Sh
Dreyfus Fund Eaton & Stock Flectronica Inv Found Hani ya
Instit. Fou
1.04% 2.01-3/32 321 Growt
Inatit Income
ΤΑ
Invest TT Boston Keystone Cust ES .. Kermons Canada
2.81 1/10-201-310| Mans Inv ir .... 305 1/15-1,00÷3/30 | Menu Growls
10.0114-10.031.
14040-180.50
1273 12 t
-UPL
3.70 Nat goo for Growth Boucher &
Sel
Paric
$BLEMAS
Closing prices nil in guilders Stockholm par kilogram, cif. Sept.
11,00
.00
14.00
40.90
En
10.01
Vahle Line Fund
7.16
V. I. P.
11:9:
Wallington Tund
UPI
100
511
001
1443
MORE and MORE PEOPLE are OPENING
5
BANK
DEPOSIT ACCOUNTS
with
LOMBARD BANKING ✔SAVING--NO Charger, Brokerage, Commission,
s
Fees or Stamp Duties,
SAFETY-NO Capital Depreciation - Your funds
remals at your disposal.
✔INTEREST is calculated on a Dally Bolt-le, your
money is earning 8% from the day you deposit will the day you withdraw. 'SECURITY---The Bank's Capital and Reservex ASSETS EXCEED £50,000,000
Paire est paid without deduction of United Kingdomi inepine Tar. Write today for your copy of "Bank Deposit Account" booklet No. AD.74 to General Manager
LOMBARD BANKING
3. MUTF BANKERS
Read Office: LOMÉNKÉT HOUSE, KURINN SÈRIET
PARK LAKE, LONDON MÀ
Aturlared Bank a
ADURA MEN BEOONA FLOUR FIRLAYING HOUR, DATELE QUAY
*BEVAFOXX," "Tieplona: #1520
A World-Wide Ranking, and Flance Organization
will