Page
< THE CHINA MAIL, FRIDAY, SEPTEMBER 18, 1959.
WEEKLY REPORT ON THE HONGKONG STOCK
EXCHANGE
* Page 9
MILD ATTEMPT
MARKET CONTINUES FIRM TO SETTLE
Textiles And Rubbers Show Improved Rates
The market continued active although hardly reflected in price changos.
The main feature of this week's trading was the good demand for Rubber
Textiles and improved prices.
HONGKONG STOCK
EXCHANGE
Buriness done on the lowe kom Sluck Exchange this mmning amounted to approxi- mately $36.000. Noon - bons and the incrading's trans- actions:
Shares Tusers Sellers sales BANKS
9700
HR lank.
INSURANCES
inston
Lumbard
401
SHA PING
Waterh
2470
Wherings
$1.00
110 07
425
DOCKS, ETC.
JAK 4012
100
11:37 11.40
*220* 10:00
K. Wharf
Proyekt
Talki
LAND, KTO
13 Hotel 20.40 281
38 Land
20. D 17.
JURISTER
at
much
Banks and Insurences were unchanged
with
moderate business transacted
These shares.
Utilities again attracted the most attention with in advance in Yaumati Ferry, Hongkong Telophone and Trams, while Hongkong Electries and China Lights olired eister.
In Stores, Dairy Farms made further hendway' while. Lane,
Douglas Steamship
Dividend
The Consulting Cont. miller of The Douglas
Steamship Company, Limited announce that ther will recommend lo the Shareholders at the forthcoming Annual Girneral
Meeting
dividend In respect of the year ended 31st December, 1958. of JEK 540.00 per share.
* The Share Market At
HE Bank
Lombard
Unlon
Wheelock
IK Wharf
1 Docks
A5
A
Up or Down
Glance *
Dividend
7.8
A.2
Aug. 20
005
Aug. 27
BEK
Sept. 3
40146
401b
955
4031b
Sept 10 940
Sept 10 9373
& Bonus
-$21%
248
Yield (%) 5.2
40130
4015
sleudy
701ąb
801
+50c
53.10
1.5
C.30
0.35
0.45
0.45
6.55
+100
Kic
103)
1946
105
103
103
steady
$8
11.0 7.2
-445%.
451.
4534-
4014-
+74c
-95
-11-
Talkno Docks
33
3241
324
33
+50c
$2.80
Provittent
13.30
13,301
13.20x
19.290
13.00
Kiendy
$1.10
В
HK' Hotels
28.00
2R14
28.40
25.40
2814
+the
32.50
113 Lands
30,
3011
3GLA
Jill
35jxd
+250
$2.46
6.4
RH Realty
1.333xd
1,525b
1.525
1.525
1.675
+.050
150
0.3
HK Trams
29.60
2014
2Dxd
2044x1
3014
+73c
52
3.8
133bxd
135s
133
1330
steady
59
5.8
114
112
114
113
110
+$4
58
18.20
17.70
18,20
1910
17.00
-200
$1,10
0.2
20.10
29.10
IIK Telephone
28.30
28.20
28.00
2(x-an 29.90
22.80x-oll
--30c
51.90
6
29.30
+40e
$1.75
G
G. I. Dairy Farra
Cement
381/
34
3
34
34,4
++25€
$3.25
0.2
17.80
17.60
17.40
17.70
18.401
+70c
$1.525
B
18.00
18.50
18.70
18,80%
183b
-200
$1
5.5
#1.30xd
20.00%
20.30
21.10
22
+90€
52
D
0.70
RAN
CN
sieady
dür
9.8
4.925
4.00%
4.00
4.70%
1
neut
20c
G
13.20bxd 11,00xd
11.70
11:900
11.900
sleuty
7.3
+
10.15
6.20 101
6.30
4.35
€.85
+380
250
10
10
• 10.70b
11.60
100
6.3
Star Ferry
Tauratie
Chị chỉ
Ficcirlor
A. S. Watson Lane, Crawford
Int'l Investment Ailled
K&FE IRV Textile Corn Nanyang
فالات
NEW YORK MARKET SUFFERS A
LATE SINKING SPELL
New York, Sept. 17.
Stocks suffered a lato sinking spell today
after idling along most of the session
at a snail's pace.
The electronics were hard t by the late sell-off, which left General Time of round 0 and Litton of more than four, ¡Crawfords closed strong with Firestone finished caster in the
tyres after having been up more xn advance of 80 cents.
than five at one time. Docks improved slightly 1507 ass enquiries.
20004
Atual ... 5. R475 1700
Trust
A. Tawah Sungala ...
UTILITIES
True XD
Younell...
C. Light
Electric 22.70 2.8K
K
140
}
The market on the whole was
· 120 steady
with some counters re- gistering fractional gains where
$425 3.45 4.10
4.19
3.20
2
201
TER
124
2041
17.2 17.1;
10
110 17.000
1.
TZA TA 23
2
11 20
23.200
Mera P 10
29.2010
19.
1002
24.10
1:00
194
24 2714
1 +
10 **
Tekpunt
INDUSTRIALS
Cement
STOWN, ETC.. Duty .....Co 0,70
Watsu!
11 12.70
Lane, Craw. 22.10
COTTONS
Texilies
#05 4.95 3000 1
Nanyang 11.00 11.50 MISCELLANEOUS
100
300
0.9
6300
'
Vibro 13.00
INVESTMENTS
fut.......
CL
Allied
4
4:
100077
imist.
11.6.&.0
..
not mentioned,
Market Diary
Friday:
Mandia:
Tuesday:
The market was them
resulting in a satis- factory turnover of approximately $1.- 513,000. Rubber and textile continued Sections active. Volume of business transacted was approximately $1,353,000. Business was transcted un increased scale but with no spectat rea- titre
report. Turnuver was ap- proximately $1,920,000. Wednesday: Buyers were active during the half- ckey Gelati with far more enquirin resulting in a turn- over of $1,198,000. No market (Mid- Autumn Festival).
Thursday:
LONDON CLOSES
HIGHER
London, Sept. 17
Du Pont was of Two 11 Chrysler was oft around three points at its low. Youngstown Sheet and Tubo, up more that our earlier in the day, elesed more than & point. Atlantie Coust Ling lost more than two in the rails, and Wchfeld fef more than three in the oile
Today's volume was 2,090,000 shares.
Of a total 1,190 issues traded, 200 were higher and 088 lower
American Exchange
was 182,000 shares.
volume
10
Bonds volume ambiented! $5.780.000.
Dow-Jones
Were:
30 indistri
E
Já tes
13
stocks
4.0
closing:
Corman, Kukule price Index
Allis Chalmers Am. Brake Shor American Airline
Am. Cable & Radio Cuep Americon Cyanamlu Co. Amorgn Powego
Am. Gas & Electric Am. Home Prod. Amerix Metal Am. Natural Gas Alent Setting
American To & American Tab. Alltronde Copper Anne Steel
Armour. Allay for. Muing Baldwin-Link-Hazn. Haltimore & Olo Hank of Montreal Benefelal Finüßte
Bendix Aviation Corp
Benguel Cons. Bethlehem Steel Being Airplan
Jurden (The) Co. Aughs Add Machine British Amer, Di
Cal Packing C
Can D. of Corun Campbel Soup Chi
averages Canadian Paride R
Closing Prices
Abitibi Pwr. & Foper Alten inc. Acy. Algan Steel Corp. Allied Chemicala Alled Mille Inc.
The stock market closed irregularly higher today. Steel w
stocks continued to lead selected industrials higher ground.
Olls moved erratically tatt Ultramar advanced sharply at
the close. Rubbers
decided,
Gold stocks
were In-
were
infxed.
Gill-edged sceuritics were neglected and showed
change, Foreign
kile.-UPI.
bonds
Closing Pricos
Gledged Hands
British Trangiert
little
were
2 $970/NG.......
Cotsols 1-51-7/16.
Compl-2.
Conversion Lomm
£04-1/10.
Finding Lon B
03
3/27, 1969-
030.62-
Fanding Block 31450, 1600/2954–
471-1/10.
Funding
£51.
Savinge Saving
Loan
Canadian Pacino Aly--B48{{. Dundo Rubber Co-zik, Jongkung & Chli Gas--101.
Case 1.1. Cu......
CIT, Financial Corp.
期
25
10
Douglas Alreraft
pont de Nemours
Eastern Airline
restane Tyre & Rubber
B Peso Natural Gas
First Nat. Kay Bank Ford Molar
Georgia Paclite General Electio
General Finsta
tiene rød Mujeres
Gen. Pab, H.
Gen. Tyre & Rubber Grits Qu
Glidden Co.
1541) › Goodrich
(B. F.) Co. Goodlyvar Tyre
New York Central Norsada Miner LA. Nottulk & Western By, Surth Amer. Aviation... Furthwest Airlines (Com Oh Mathlesan
Gwen-Bihmois Glew
Oxford Paper Co. Pacific Gas & Elec. Pan American Airways Paramount Pictures 137 Penny J. C. Cu.
217
30%
Procter & Gamble Co.
Penn. Salt 40.
120
hp Morris
1itney Bowes
70
434
Payburgh Plate Glass
70%Publisher Industries
544%
Radio Corporation
2441
Radio Corp. Pref,
daytheun
297
435
21 Puit O
Republic Steel
Reynalds Metal
034 Sea, Iroebuck & Co.
125 Sefeway Stures.
225
Time Afteraft
22
Salut Reg Paper
Gutt Oil.....
107
Sohonley loc.
I wanand Organ
R
Scott Paper
fast
Heyden Newport Corp.
11
Homestake Mining co
76
Buszon Refrig.
HOT
27
Ion Power...
45
Jagerwill-Rand
UI'
1414
Inland Steel Co.
42, Interchemirat Corp.
53 Int' Business Machines
61
In larvester .....
International Nickel
International Paper
55, Int'l Tel & Tel 39 Kaler Industry
Kepnoeatt Copper
Rinderly Clark
5meistr Oil
47 Smith, Cline & Prench
Socurry. Mon't D
Soler Airersit
Southern Co. (Thei
495 | Southern National Gos
Standard Brands
Standard Oil of Cal
485 $1dard Oil of Ind
410
Da
Standard On at NJ
127
Sterling Drug Co.
31
Mickey-V Camp.
100 | Studebaker-Puckard Corp.
94
| Sunshine Mining
613
Swift & Co.
C2
Lungelt Meyers Tb. Co.
po
Texas Co.
LIN TRA
Textup Inc.
50
lation ini...
1124
Thinkel Chem,
42
Lurkheed Alternft
237
Tide Water A ON
23
Low incorp.
20%
Time ne.........
1234
Lone Star Cement Co.
2B5%
Tri-Cont. Woermida
Lowenstein & Sui
30
Twentieth Century Fox Film
SUE
Union Carbide
2
3003
Unken 03 of Cul
345
Union Pacific Railway
149.45
2 Colgate-Pilinglive Co
02.20
120 Columbian Carbon Co,
Commercial Credit
4G
tion Development Monsanto Chenilen Cu.
211
United Fruit
47
Corlated alison
US. Foll "13"
Continental Oll of De
U.S. Gypr
National Biscuit Co.
5014
U.S. Rubber
Crown Zellerbach
53
30.
Diamond Alket
501
Natal Cam Reg. "A" National Dairy
5721
'rou
10
U.S. Blue?
32
National Lead
137
011⁄2 National Steel Corp.
029 M Chase Manut. Hunk
13323 Chrysler Motors
19.40
Chet Peabody
1144, Crane Cap
ניון
40
Yesterday's Closing
Dramond Gord
Dominion Stores
Dermott J, Ray
McDonnell Aircraft
• Mewabt Iron Corp.
Minnes: in Minog
6014! Muntgomery Ward
Motaru Ine.
COMMODITY PRICES
METALS
NEW YORK
1007-1017 109+100%
No. 2 Oct.
Nu, 3 Oct.
No, Del.
03-504
Sput rubber unboled
2015-103
Blanket crepe
No. I pale crepo
1122-124
LONDON
Closing prices att in pence per
Estate crepe th Oct.....
Closing prizes all in guilders
QJ;
Mixed Contract Ost/Nov: 23.15: Dec/Jun; March/Aprit: 22 20; May/June: 22.25; July/Aug: 2133; Oc/Dee: $139,-* UNI.
SUGAR
United Areaft
United Gas Corp.
U.S. Smelting
US. Steel
PE FF." Warner Bros. ¡prepa
Westinghoume Ale Brake Westinghotive Electric Western Union, Tel. Ca. West Va. Pulp & Paper Winn-Dixie Stores Woolworth (K. W. Zenith Radio
STEEL STRIKE
New York, Sept. 17. Pressures on both sides to settle the steel strike and on the Government to intervene are in the making, reports the publication “Iron Age.” But the magazine cautions that the pressures are still quite mild. When they will have any -real-effect is probably some time away. Both sitles are far apart on reaching any agreement, either on contract language or on economic issues.
"Iron Age"
belloves
the
says the Union sleel companies have established an October 1 dendime.
Union
After that date, the believes lie negotiating
companies will loosen up a little in their tight position.
tion-
However, there is no dendline from the steel company side. The industry is still committed to stand united for inflationary agreement to be bargained after contract changes are agreed upon. Time Is not the factor.
PRESSURES
Pressures for settlement in- clude: in the union-polilleanl effect of the shutdown on 1801 union cecilons; logs of wages using up of worker next-eggs: evidence that The USW mby have fast the strike and that
Relaxation Of Economic
Controls In Britain
London, Sept. 17. Two British newspapers to-
day forecast that, the meeting next week of the Cominionwealth Finance ministers would lead to further relaxation of
economic controls,
The Financial Times sald
original demonds may be sealed that the meeting would "almost
down.
one
which the participants
In the companies: steel short-certainly be the most pleasant age and user pressure; a serious iron ore emergency ahead at tremendous cost: dally drain on varalogs
out-of-pocket
31
70
21:
4734
#2 casts.
107
and
have attended for quile some time.
"A number of factors have contributed to this happy state But, before
In the Government: Senate of affairs demands to "do something"; ministers indulge in the much should 20% patient impact on 1960 elections mutual admiration they
of loo long a strike; slow-up of remember-as they no doubt boom, less
more will-that the main reason for spending.
0214
364%
revenue,
the better mes which the All elements fear the use of Commonwealth now enjoys has
Leen 57% the Taft-Hartley injunction,
The far-sighted and liberal polley of the United States, China Mail Speelal.
46
DEVELOPMENTS On1 steel market develop- sments, "Iron Age"
says that major steel users are starting to Oght a rearguard action against ! shutdowns Threatened by Inst- developing steel shortages
12
4304
US. INVESTMENT.
QUOTATIONS
The following are US. Invest- ment quotations In America dollars. The buyers' prices include commission:
1b.:
Closing prices, ala in cents per
No. 1 Be upot
311⁄2-3134
Settlement ituse term:
into
Lead
Oct./Dec.
30%-30%
Anulated Fund
Sriter 7.50
uyare
021
Sept.
113
Jan./March
Out.
11.85
April-June
Zinc
July/Sept.
Sepl.
FLAS
Def/Dec,
Miscellaneous Boardman Marden L-20 4d.
Ltd. Ord Trials
Oct.
THEM
Cupper
Oct,
Sept.
30.76
Nov.
2716-271. 2714-271 2012 „General markets, c.l.F. basis, ports:
29-20 2014-2014
NEW YORK Closing prices all in cents per lb.:
Am Bux Stra
น
4.00
Alam Dev Mut
423
Axe Hougt
0.51
9.36
Pulisch Fund
13.64
14.03
Gen FA
54.18
18.33
Contract No. 4 (world)
11.50
19.03
3.12-13
Canadian Int Growth
820
10.03
Oct.
30.15
Jan.
3.10
Tin
Sept.
Out
102.04| 101.00
Birk Oct. 、... AMSTERDAM
March
FLIK
Chemical Fd Comwita Stock
11.15 12.05
1820 16.0
May
1.10
Dividend Sh
July
zin
Dreytin Fund
34.10
.Sezit
*.10
Tatos & IL
Stock
per kilogram, elf, Oel:
Oct.
3.19
Electronies Inv
No. 1 rubber
2.00 buyers
Spot-17.6. Cuba)
3.15
Hamal Fu
HC-7
5,00
No. 2 rubber
2.7 buyers
Total Sales: 31 contracts.
Thitit Point
10.07
10.09
No, rubber
2.08 buyers
No. I emp
3.37 buyers -VPL
Open interezi: 7,410 emtracks.
Contract No, & (domestic)
Insit Growth
11:30
12.30
Instit
Invest Te Baston
1138
12.33
Sept.
6.01
Keystone Cusi B-2 2257 24.82
Nov.
0.72
Keystone Can
42.04
March
BAI
Mies Inv
Tr
14.09 13.25 14.30
May
1.60
Alber
Growth
Spot-(C.14. NY. ex-duty) 0.00
Net See Ber Crowth 0.21
13.EA
35.00
0.07
Total Szice: 46 contraria.
Suuder St & ... 30.47
Telov Elest Fd
15.17
Valke Lane Fa
0.01
V. I. P.
Co-76 4d Unilever Uld—113× 64.
l'aper Bowater Paper Corp Ord-M5s.
Hadio and. Eléctrica) Associated Electrical-Gon 6d. Electrical & Musinal-B 10.
z Cheenigul-42% 34.
LONDON
Closing prices, ni u sterling per long ton,
Buyer Seters
Engin Electric Co-43% 34. General Electric-408 38,
Tin
Shipping
Indo-China Steam Nov. Co. det ord-304 3
Spol 3-month Copper
Spul Sarinth
Starts
Sept.
Dec.
Zine 2nd half
Sept.
nec.
EO Steamy Navigation def ord ~31s 100
Great Universal Stores "A"
Marks & Spencer Ltit-als #get" Woolworth F. W. Br Co-31
Gd
| axil.
1009/10--
3, 155/06- - £0034.
Bavings and. 1985/75-275}).
Bank
Barclay's Dank Lid ord-$11
Chartered Dank-40s 34.
Hopekong-4628%.
Insurance
Union turnee Conton-£56. Alteraft and Motors
British Motor Corp. Ord-124. Ford Motor Co 76 .
Breweries
Diller Co Okl
Textiles
Ceals J&P Lid–Sən (d.
Curiaulds Ltd-407 d.
Aliner
Anglo-American Carp of Soulli Afrles-928 41%d.
Copy Goldner of South Africh--
23 4154.
Cons Line Corp. Ord-
De Been def–1739 Oct.
4.
Fire Stale, Development & Invest- {ment--11» Dd.
Hongkong The
Tij,
Petang. Na-6 30. Rarx-105
Southern Kinta Cons Ltd-a. Union Corp-71 1. Wert Driefontein Goldmbing-
Building and Materiais
Portland Cement-3351738
Associated
Pinchin Johnson Associates Ord-
2 110.
Coal, Steel and Engineering
Babuck
1016
Wilcox
Vickers 1.td-358 4164.
65.
70214
!
2201
220
201
657
--UTI.
RUBBER
NEW YORIC Rex rubber futures closing prices, all in cents per lb.;
Sept. Nov. Jan, March
May
July
Sept
July:
Probably the most critical shortage loday is the lightening of cold-rolled sheets in the mid- west. While this shortage tr most acute in Chicago and the Mississippi valley, it is spread- other metal-working ing into
Centrcs.
Bank Of Canada Discount Rate
Ottawa, Sept. 17. The Ronk of Canada's weekly discount rate remained relative- ly stable today, edging up to As the strike gues into its 0.13 per cent from 805 per cent ninth week, even the best last week. stocked steel consumers are ad- mitting real concern over their steel supply situation.
Finance Minister Donnid Fleming accepted bids for 10 million. dollars
91-day
If the strike extends further, Treasury bills and 16 million oven comparties that hearted 30- dollars of 182-day bills, day and better pre-strike |. The rate has been rising Inventories will be in for trouble, slowing since Fleming offered a This is because a minimum of lower-than-usual
. of four weeks
will drag on after bills last month to drive the the strike before steel mills will; rate down from the record high be able to make sizeable de-¡ of 0.41 per cent reached Aug. ¦ livèries.-China Mail Speelci. 18.-UPI.
The Sign of the Times
COTTON
NEW YORK
Closing prices all in centa per lb.
Spot: 1200: Oct: 32,45; Der: March: 52.63; Mwy: 37: 322 Oct: 30.32: Dec 30.30,
Open interest: 1,488 contracta--UPI,
F FOREIGN
EXCHANGE
NEW YORK
1.03-5/16
11.35
Agreed Merchant
Rates
New Zealand Pourels Maxi- mum, Selling. 27/32,
Canadian Dollars Maximum {Selling 16-7/16. Minimum Buy-
[ing 16-11/10 T.T; 16% O.D.
U.S.A. Dollars Minimum Buy- iny 17 00 days.
Exchange Rates
Business was done in the local tmofficial / exchango ; inorkel this morning at the following rates:- U.. dolar (per #1) 2 Bierling note.(Der £11.....
101-250W | Australian notes fpes elj
374046-274015
SECURITY
-The Bank's Capital and
Reserves.
SAVING-NO Charges, Brokerage. Com
mission, Fees or Stamp Duties.
SAFETY
-NO Capital Depreciation --Your funds remain at your disposal.
✔INTEREST calculated on a Dally Wasis
-ke. your moury is carning 5% from the day you deposit until the day you withdraw.
ASSETS EXCEED £50,000,000
Interest paid wlikowe deduction of Unterd Kingdam incover tex Write to-day to General Manager for your copy of "Bank Deposit Account" booklet No. 40.74
LOMBARD BANKING
Hand Fr
ДЖЕТИР BANKERO.
LOMBARD HOUSE, GOSZON STRIKT ·
PARE LANE, LONDON HLT. Tatabánu: 903 4111 AS FIJO
LONE ARO KADINA OF AMALA STE EVID BDO, KER FERI, SECOND FLOOR FINÇAVION HOSEN, BAILES GUAY
A WorldWide Wink tag and Finawér Dirgantintinh-
SAO PAULO
Spot: 3135; Oct: 32.40; Dest 32.33 Mary: 37.03 May: 2.60, July: 37.70 Out: 30.39; Deo: 30.24
NEW ORLEANS Closing prices all in cents per 11.
Closing rates:
Canada
Engined
milleial
30-44.7
Co.days
All unquoted.
|Australia:
36,40
New Zealand
35.85
34.30
per klo).
India
13.09
53.45
3105
31.00
(Closing prices all in cruzeiro South Africa
2.8452
ネコク
2.0000
2.7152
2.0703
100
2100
LONDON
Closing rates: New York Mundrer Copenhagen Frankfurt Patia. Alockholm
3.80-2.0015
10,33% -19,357
Average prices In US. at 14 Paktetan designated spot markets: 31.77
cebla: Total sales: 52,179 bales. LIVERPOOL
Closing prices ull in penco
Went Rand Cont 224 0. Brun normes Petroleum Syndi |cate—the pd.
SINGAPORE Unit Petroleum Co., Ltd-
Closing prices all in Siraila But-43« DI.
benta pur ib. Dutch
fo.b. Malayan per lb. Petroleum
porus: Biell Transport & Trading=191 3d. | No. 1 Oct.
al.
Tobacco Food and „Drițials American Tob. Co., Ltd- | Cina.
Imperial Tobacco Co.. Lad-500.
Itouter.
Nov.
AmeriĐán Contract Oct/Nov: 21.06. · Dec/Ján:' 21,68: March/April: 21:16; May/June: 27.10; }; 2001b-1001%" July/Aug; 31.70; Óct/Nov; 2155.
12-10
15,73
1754
Indonesian rupiah (per 100)
1,00
22.13-12.132
• Slan Deals (per 100)
50.00
Singapore (Stalto)
1.01