London
Closes
WEEKLY
REPORT
ON THE
BONGKONG STOCK EXCHANGE
HONGKONG
STOCK
Easier MARKET RALLIES AT CLOSE EXCHANGE
London, Sept. 3.1 The stock market closed easier today on talk of an early general election and Jitters oyer the future course of interesi rates.
Selling
however, amali.
pressure wad
and Tosses
light were
Industrials were mostly frac tionally lower, Steels rouëted to the election speculation mort than other issues.
The Share
HK Bank Lombard Union
Wheelock
BK Wheel
104b
$2
Renewed Buying
Wave After
Irregular Start
By OUR SPECIAL CORRESPONDENT After a rather irregular closing last wook under solling pressure, the
Market At A Glance ⭑
Up or
Dividend
Auz. 8
070b
Aug. 13
970
38b
426.
Aug. 20 $05
40%b
Дик. 27
Sept. 3
Down
& Bonus Yield(%)
945
#5K
+510
$48
406
40
+25c
4.7
85141
8014
8034
83
HO
$3.40
4.8
6.34
0.35
4.30
4.35
6.45
+100
750
11.7
101b
101
1031
105x
* kleads
+
鎮
+
7.2
MK Docks
44
4341
4437
441%
4516
teady
11
Taikoo Dacka
3314
SZP
33
3241
3211
-50c
$2.80
Provident
13.10
13
13.30
13,306
13.201
-10c
$1.10
UK Hotels
2014
28.30
36.00
2814
28.40
-100
82.50
8.2
IIK Landa'
37
3056
30%
3011
3014
steady
$2.40
0.3
UK Really
1.675
1x8
1.575x d
1.525b
1.525
steady
150
9.3
HK Tram
30%
29.10
20.00
201
29xd
steady
**
6.3
Rase
wille
Star Ferry
138
137
133bxd
125
1354
steady
59
5.8
Yaumatis
110
114
114
112
114
+$2
0.5
Ch Light
18.69
18.30
18.20
17.70
16.20
+50c
$1.10
6.2
Elretties
2016
29.10
29.10
20,10
201
+ Stic
$1,00
6.2
1 Telephone
28,90,
28.00
8.50
28.20
24.60
+400
$1.75
0.2
G. J. Cement
3401
24
3411
34.
34
strady
53.25
9.4
17.60 18.10
17.40
17.80.
17.60
17.40
-20c
$1.525
8.5
18.10
Laur, Crawford
19.10xd
10.20xd
18.60 21.30%
18.50
18.704
steady
51
5.5
30.00%
20.30
SA
9.8
Int'l Investment Allied
4.00
0.00
6.70
61
steady
fit
9.8
4.00
4.00K
4.00
nominal
25c
5.5
Banks rallied strongly, adding $13 from blow of $40 to $955. Unions remained weak under some fair telling pressie.
a
HK & FE Jov
11.00
11.70
Textle Corp
6.10 10.00
$1,00%t
0,20 10
11.70b
teady
90c
7.6
C.30 101
+10c
€54
10.3
teady
700
Gold stock wwe slightly higher on balance,
Olls tended to rubber stocks, were dull,
Gilt-edged serurlties openeri lower but steadied later fai- towing the unchangazi bank
rate, and the rally in sterilng.
Geck and German foreign kohiks were neglected.
Dollar stocks
UPI,
Were
Closing Prices
tiltedera Borida
Tramont 3.. 1936 R8
Cursede By 450,
23 Pi
GU
Carols P
Eng.
"Conversion
Furiti 1 mai
4.
Gu
1940 19
Funding Stock ANA, 1900, 200+1-
Futaing Loan F
#1-3/10
SavingA 3...
Savings
Bavogt 9. PUS/TO
Hanky
1965 f
Harler's Bank A Ended -1
Chartried look
gkong £54.
insuraner
Un arance Capion- £5.
Aircraft and Motors
Itraheli Moton Corp Oid -17%.
Ford Motor Co -7 d
Tenezia
Distillers Ca 29. 31.
Bultding and Material
Aschted Poor Uang Usament like
Pinchin Jolenson Assenyales Date 246 194
Qual, Steel and Unglueerling Babevelt & Wales in a 4. Vicket id a
Food and Tobacro
Juge Alevran Tolk. Go, bht
Trap! Tolero Fu, kad s Miscellane4DS Brian Marden Lad - el. Its Oxygen
rand- 68+ TJO
Promotion Parthe, Bic BSA Dunes Rubber £6-24, 11
lokong & Chinz G 1 Helal Eemal
Jevon & 19, 23, 18 Vevey Lid · 1128 1924
japer
Bowater Paper Corp Opl-50% 34.
Radio and Becirles
Arnotated Eletricay cos). Ebetical 4 Mumeul-54 ..EDglish Furan tinh nhỏ th
General Electric-38. Thes.
Whisput
(o
Indo-China Meain Nav. 4/14--
P&D Steam Navigation: det ord
States
Girat Uulversal Stores "A"
Marks & Spencer 148 584 7 Woolworth F. W. & 32 71.
Textiles Curt 3 1,24-254 41. Court. 1 L 44 104.**
Mines
Anglo-Amerigens Cuep of Smith
Afrien
Ind
A field or South
CORY
-76 BJ.
Can, Zane Corp, and is Ud. De Beers de- 12: 11.
Fie State Development & Ingod-
RIPEL-1) 3d
Hongkong Tu-s 104.
Petaling T-
Rawls 1920,
Southern Kat
Union Corp 701 9d.
Dairy Tai
A. S. Wat
Nayan
4.70
6.10
10,30
4.925
11.20bx d
D
10.10
-60c
4.5
Selling Wave Dominates
New York, Sept. 3.
Another $1 billion was slashed from the stock market values as Wall Street used tight money -specially an anticipated boost in the discount rate as an excuse for selling.
The Fedrad Reerve Boral, ; Campħell Soup ( hawever, made no change in Canadian Bifle it. The discount rate, that while he
It charges on loans to member
bank. Tight money has been
11
chief
lu Tuesday
'at. Tractin
Cokatory Comp
1
Wall Street
Twenthth Century Fox Fit
· Union Corbade
Umum Q1 of Ciu.
Union Pantée Hailway
thsited Arterafi
United Fru
1nited as Cessna
91
market influence: when lending
6. 1 T Financial Corp Chase Manhat. Bagik Carter Motors
US. Fall "8"
6.
ALA. CypaNO
1.5. Lur Co.
64
Gfuelt Peabody
U.S. Stubber
Colgate-Panuine 10. Clan Cerbust C
5. Sicellier
49
Cunereal Freelit
Consolidated Edmon Condimentul Où of Del. Crane Co....... Chown Zellerisach fub Amer. Sugar
12
57
Trial banks boosted the rate they char: on top rated kaans to a 2-year high. bven Traders have
Inorg letant than usual to make! Pomimonis in
of Audvance
Al
Dhmend Gate
Donau Stores
the long Labour Day weekend traditionally considered the end el summer in
Douglas Auerait Wall Street,
Dow Chemical Some of the heaviest Iosse: Dupost de Neus came in chemies is where duster Airine Pont lost 4: Allied 24. Among Eruman Kedak electronics, Litton se 4 while Pao Natural Car Family Finance Corp
Texas Instruments fell 4 awiFirestone Tyre & Rubber RCA 25. Steel losses ranged to | First Nat. Čuy Bank nearly 3 points in U.S. Steel. Motor Among oils. Texaco. Secuny“ | General Dynamics Mobil, Sinclair, Gulf, Skelly and Amerada lest a point to move
than 2 points.
Motors had losses running to
1 in Chrysler and Fords and
| General Motors lost
a point. American fell point on the dry's heaviest turnover.
Today's volume was 2,330.000) shares.
or a total 1,108 issues trader
Genuga Faculty
Cranial Plcetract General Foods
General Motors Gen. Pub. Um.
Gen. Tyre & Rubber Gelly D
Client Co
Gdrich. F.) Co.
יק
Our Own Correspondent
Business done at the Hong- kong Stock Exchange this morning amounted to approxi- mately $529,000. Noon quota- tions and the morning's transac- tlons:
Sharet BANKS
Bayars Helier
HK Dance WORST (00 INSURANCES Itton t Larbure
Underwriters.
10
*
Waterton 24.00
DOCKS, ETC.
K. Whert.
Provident
Taiba
LAND, ETC.
Hales
500 43
4
•
የኔ
3
10
心
HK Borel 2030 2015 1000 * 240
XD
Land
local share market reacted firmly during the week and closed yesterday 1920 133 20 with fairly good gains.
After an initial weakness on profit-taking when Amalgamated Rubbers dropped' from $3.22 to $3.16, the rubber section
į envernd smartly on better Faw Amalgamateds material prices.
led to $3.23. Kubbers Trusts remained firm with prices about the surov,
wave
of
ران
the buying following.
Whichever way one looks at it the pattern is sHi there.
Market Diary
Friday:
Lands added 50-cent grinalendar:
1100
$3074 to $30% while
Utilities also came in for their Tuesday: fair share of gains,
Hongkong Electrics rilled
from $20 to $20.50 while China
Lights added 50 rents tran $17.79 to $18.20. Tiltphon added on a similar gain.
following a Axed pattern, sel primarily, according
US. Steel...
1032
15. Steel 7 P.C. PF
1401
4818
Warner Bros.
4T
11 appears the market
IN
Waukesha Motors
46%
407%
Westinghouse Air Beslog
30
to reliable
220
Westinghouse Electric
per
431
off on
profit-
101
taking one week and rallying on
Western Union Tel Co. West Va. Pulp & Jota | Winn-Dixie Blores 205 | Woolworth (K.Wa
Zenith Radio 31.
Yesterday's Closing
sourecs, ou speculation. On the Wednesday: other hand the market may be reacting to natal ups and Downsearing
COMMODITY PRICES
SUGAR COTTON
NEW YORK
Closing prices all in eents Der lb.:
Contract No. 4 (world)
Sept: ad Del: 301; Jan: 11: Mare 3.41 May: 31; Fule: 31: 30; LEAN, Sept: 3.7-18:
Total sites ou un tracts: Open interest: B. einstracts. Contract No. 6 (domestic)
NEW YORK
Closing prices all in cents per 16.:
Spot: 30.5; Oct: 32.33; Des: 32. 23: Mac: 99.43; May; part: Judi 328 Oct 237 Deg: 20.35,
NEW ORLEANS
Closing prices all in cents per
Suo: 31 25: Del: 24: Dec 21, March: 20 May: 32.62; Jury:
Get: 20.34 Due: 30.34.
Goodyear Tyre
Grumman Alteraft
|
GAR OU
109
[b.:
Med Organ
Hayden Newport Corp.
1014
Ubinestake Mining Cổ.
Hasan Hetrit...
214
Sept: 5.50; No: 5AM March: 5.53; Spotfelf NY. ex-duty!
*1.00:
Julio Power
Imperial O
Total Salen & contracts; Open init- Ps: 1.309 contracts,-UPI
381
**
inland Steet tle.
In Basines Machines
| 190 were higher and 829 lower.
American Exchange. Volume won 720,000 shares.
Bontis volume amounted $5,570.800.
- Dow-Jones
WETU
90 Industrials
rails
L
L41-26:
G5 peka
Wen Dairfontein Gokimining- 10:41.
We Rand Cons-22 Ju
Ol
18sh Borneo Peiroletan Syndi cate-2 fil.
30
British Petroleum. Co. Lt-19:
Burnia-443 tu.
Royal
H-3/13
Dutch
Shell Transport
75d-teater.
40 349744
closing
"Comm. Jutoze patré index
Ingersol-Itond
int Harvester
averages, International Nickel
Closing Prices
Abitibi Pwr. & Paper
Alten the Aey
Allied Chemise aas
Jaternational Paper
in Tel
$43.00 Juha-Manville Co.
154 47 Kulser Industry
BLOKAINs C. Power &ght
21494; Kennett Copper
82 Kinberly Clark
132.10
| Lily Tulp
& Sons
العامة
513
METALS
اور مری
31.21
21.30-33
102.00
102.00
SAO PAULO
Unquoted.
Average price in U.S. at 14 designated spot markets: 31.70 cents.
Total sales: 18,682 bales.
LIVERPOOL Closing prices uff in pence per 16.:
· American Coniruet Oct/Nov: 21.75: Dre/lan: 2163: Marply/April: BLAS; May/June: 21.15: July/Aug 31.75; Del/Now: 2150.
Mixed Contract
Oct/Nov: 21 05: Dec/Jan: 2003; March/April; 22.25; May/June: 2425) 20v/A 21.00; Oct/Dec; 21 50 *** UDI.
RUBBER
No. 4 Sept.........
Fakt rubber tubaled Blanket crepo ......
No. paly trepe g
LONDON
1b.:
105-100
309434-110 104-100 117-11942
Closing prices all in pence per
No. 1 Han spat ........... 217-32
Settlement house tem:
Oct/Dee.
Jun/March
April-June
Thursday:
The market ruled irregular with Noi special feature calling for.comment. Volume of busines transneted was $1,230,000.
Holiday.
The undertone ap- peared to be fitmer With buyers pre- Un- dominating.
ties were again the centre of attrac tion Turnover
ape
amounted 10 proximately
$1,010,000.
The market ruled steady during the
Balf-day
There
session.
་ It ཥ
moderate trading with Banks show- ing Algues of firm- เกม เ
amounted
Rently... RUBIER Amalg,
C. LIK!
700 0 3541
འ
275 3.26 1002O L
1.521
LJJ
4.00 420
A
3,19
$300
3.40
S. Kelantan 1.70
1.75 203 (1
2.070
10000
2.70
Tranh B
29 20.20
500
Youmati
JER 110 3:2
$14
1820 19 30
1600
{135
2. EX AH
Macan E. 10.43 30.60
21
23
+
139
#44
609
34
17% 17.00 500 - 17.2D
12
17.10
1101
180
2004 20.03
0.35 $40
>
10.40 10.00 5090 <
10.50
5000
10.50
Telephone 26.03 29 100
INDUSTRIALS Cement 33.70 STORES, ETC. Dairy
Watson
184 18.50 ..
Lane, Craw ** COTTONS
Textiles
Nanyang
MISCELLANEOUS.
Vitro. 1350 INVESTMENTS
Int,
c
0.70
Inv. 11.70
LUS INVESTMENT
QUOTATIONS
The following are U.S. in- vestment quotations in Ameri-
Business van dollars. The buyers' prices
Include commission:
10 - proximately
$105,000.
There was renewed buying h the market with Banks, Uilities, Textiles Dod
Alated Fund Am 11s Shra Alom Dev but...
Axe Hought B tuttock Fusi
Cariada Gen Fund Canadian Fit Canadian Int Grow Chenal Fa
Rellers Buyers
7.02
8.16 4.30 4.08
BAO
0.01
BAD $1.00
15.45
34TH 10.15
18.2
10.33
D25 Amalgamsted
Rubbers leading the field. amounted
Turnover
to
437-
proximately
$1,855,000.
Exchange Rates
Comwith Stock viche SN Dyfus Fund
10.77 11.65 12,60
17.20
3.14 3.44
14.50 15.00
Eaton & H. Stock
24.04
Electronics Jav
7.07
1.13
Find Mit Fund
$0.96
11.03
Heal YA MC-T
3.21
Il Found
11.16
12.31
Jrit Growth
13.01
17.22
Bustit laceH
Invest Tr Bastog
$1.000
12.50
Keretane Cust
22.71
31-33,
DEL-XL
Sirring noirs (per £1)... Australian stoles (per 2
Bushiess was done in the heal uncial exchange
cring at the following ratra- U.9. dollars per $1)
Keystone Canada
10.73
14.00
market Elits
Miss Inv
1421
15.33
hows Growth
34.43
15.02
5.73
Nai Sec Ser Growik
0.01
B.
15,91
Sudder 8! & C
41.34
40.54
12.
Jalev Elect Td
15.86
17.00
Value Unu
d
7.11
1,77
Slam cals per 1001 Singapore (Straits)
29.12. 1, K.
11.91
12.82
1.02) Wellington I'd
1435
30-31%
301-3012
2014-20
203-204
2BER-COT
General markets, cif, basts, ports:
Juby/Sept.
Oct/Dev
Sept.
Oct. Nov
Estate crepe thin Sept. 3 Indonesian rupiah (per 1001
think Sept... AMSTERDAM
34;
Closing prices all in galdiers per kilogram, c.lt. Sept."
No. 1 ruther
No. 2 rubber
No. 3 rubber
No. 1 crepe
3.04 nom.
3.23 nou.
2. nom.
3.38 noin.
- PL
1.34 13/14
2.80-2,811
21034
21:57
2.7922
2.0000
Closing prices, all in sterling per long ton.
NEW YORK
Bex prices, all in eenis per 1b.:
Sep; 40.46; Nov: 38.45; Jan: 30.80: Mar: 30: May: 33.35: July: 34.70; Sept: 31.40.
rubber futures closing
SINGAPORE
Closing prices all in Straits cents per b. fo.b. Malayun ports:
No. 1 Sept.
Oct.
No. 3 Sepl
-UTHI.
Nu. 3 Sept
FOREIGN EXCHANGE
NEW YORK Closing rates;
Canada England
oiticfal unncial
**
I-daya New Zealand South Africa
athers unchanged.
LONDON
Closing rates: New York Mantreal
Amsterdams
Elturel Copenhagen
Frankfurt Oslo Parin Stockholm 100%-1001 Allan
1001-07 Vierina
2.00 1/10-2.00 5/10 2.67 0/10-207 11/16 30.5011-10.00
14025-140,10
11.724-11.721.
19.3415+39.34JE
20.0015-20,007)
13.7340-13,7TH
14.494-14.50 173043-1730
NEW YORK
Closing prices, all in
cents
Liggett My nes Tob. C
per :
tingl
Like ch
| Lockheed Aircraft
12.00 13.03
Loews Incorp.
Zinc
₤367
Lone Star Cement cu
| 38ła | Lowenster
Algona Steel Corp.
McDermott J. Ray
ozmer
LIB
Methmale Aircraft
Sept.
Afled Müb Inc.
Petroleum-
Mesabi Iron Corp.
Alis Chalmers
STA
Minneola Mindig
Ta
& Trading-1478
Am Drake Stre
54?
Mission Develocistent
Sept.
American Airline
20
Monante Chemical Ora
Americas Cymond Co.
547
Bloggery Ward
Amer. & Forgn. Power
111
Motorcare.....
LONDON
Ant. Gas & Electric
National Binett
Co
Ant. Home Prod,
104
National Casa Beg. "A"
Am Mach &
dry
A
National Dairy Prod.
American Metal .....
Nattesial Lead
Ani. Natural Gas
6
Nattend Steri Corps,
American Smietung
301
4% New York Centrul
Newanda Mines Lid.
7914. Norfolk de Western By
North Amer. Aviation
70% Ola Mathieson
Buyers Sellers
Đây Tn
52 Sput
702
CR
712
7021
31
Couper
Northwest Airlines Co.}
201
Προς
40% 3-month
3304
Dis Elevatoru
L.eu 3st hatt
10%
Owen-fillnoty Glass
Sept.
7134
151
Oxford Paper Co
272.
Dec.
Paelle Gas & Elec.
Zine 1st half
Pan American Always
Sept.
Paramount Pictutus
Dee.
Parke Davis Ch
4320
1
Penny J. C. Co.
121
FATA
Penn Sall CD,
31
304
New York Cotton Market
New York, Sept. 3. The cotton market
was a
dull affair again today with pricce see-sawing narrowly on either side of the previous close.
At the close the list ruled un- changed to four points higher on the neatly months. The 1900 deliveries, however, were up 5 to off 10 points on uld prices
futures New Orleans finished unchanged to 12 lower on bid prices. on bla
Tho market opened steady but sold off slightly in the afternoon, especially the distant months, on a report that a bill
boen luus
Introduced that would pornit u lurger cotton and lower support Berenge prices for colton.
Firmness in nearby October reflected short covering Induced by a decrease at 403 Bales in certificated cotton stocks to 3,030 bales.
Experts today totalled 1,383 bales, bringing the total for the to 102,317 bales as Secon against 214,884 büles last year. UPI.
Am Sugar lei.
American Telt & Tel.
American Tob
Anaconda Copper
Arm Sleel... Armour
Atlas Cons. Mining
Baldwin-Linus-lem.
Baltimore & Ohio
Bank of Montreal
Benefciat Fiater
Bendix Aviution Corp.
Bengurt Cons
Bellehem Steel
Boeing Airplane Borden (The) Co
Burrough Add Machine
British Anter: Oll
British Columbia · Pir, Calit. Packing Carp Cana: Bk. of Conimi,
ואן
TIN EXPORT QUOTA UP
51
London, Sept. 3.
The International Tin Coun-
Philip Morris ...
Pitney Bowes ...
Procter & Gamble Co. Talisburgh Pale Glass Puteker 7ndustries
Pure Oil......... Radio Corporation. Raytheon
Republle eel
Leynolds Metal
Royal Bank of Commu Scats, Roebuck & Co. Shell Oil Co.. Safeway Stores Saint leg. Paper Schenky Inc. Scott Paper Sinelale Ou
Smith, Cline & French Bacony Mobil Ou
cll today announeed that export ter Airersei quotas in the fourth quarter of Southers in Ther..... South Puerto rico Sugar this year for the six producing Bouthern National Gos member countries would be Southem aitway (Com.) relsed by 6,000 tons to a total Standard Bramla of 30,000 tons,
Standard Oil of Standani D of Ind Standard Out of NJ. The Counell said it was Sun Ch., of Canada
Bunshine ning
taking this action because of Step Block the increased demand for unling Drug Co.
Blokety Van Camp, This all represents a cutback Stone & Webster in producing countries' capacity sideboker Packard Comp and the small size of the In- crease in the permisable quotas disappointment to tin mining circles in London who expected a larger (peresse. --UPI.
comú as
Swift & Co. Texas Do Textron Inc. Thiokol Chem." Tide Water Aam. Da
Time Ino.......... Tri-Cont. Wärenesta
op
⠀ ⠀ ⠀
1001-1083 Zurieli
102-1075
We have pleasure in announcing that we are
the Sole Distributors in Hong Kong and Macau for transistor
radios manufactured by the SONY CORPORATION, Japan,
All intending purchasers are invited to direct
their enquiries to the undersigned,
TRINITY DEVELOPMENT CO., LTD.
Room 310, Bank of East Asia Bldg. Tel: 36520
YOUR
INTEREST
IS
EARNING INTEREST
5
Every day sees more and more people, adopting tho Commonsense course of carning interest on their funds. They are able to do so in assured security by opening -Bank Deposit Accounts with 'Lombard Blanking.
SECURITY— The Bank's. Capital and
Reserves.
SAVING NO Charges, Brokerage. Com- mission, Fees or Stamp Duties.
INTEREST is calculated on a Daily Dosis- i.c. your money is earning 5% from the day you deposit until the day you withdraw.
ASSETS EXCEED £50,000,000
Interest pafi without zieductions of United Kingdom leverne taur Wrlio to-day to General Manager for your copy of "Bank Deposit Account" Booklet Nó. „ADZĪ
LOMBARD BANKING
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Hand Blen LOMBARD HOUSE, DALZON STREET PARK AREE, LONDON WAS
Telephone; ata CISA (19 TARD
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