D
New York Cotton Market
New York, Dec. 3. Cotton futures today re. gained stability after a hesitant start, although overall activity continued
on the quiet alde.
the March-May- deliveries eredilett
to
Buying of July
interests, and Texas
mare Eastern co-opt, proved
absorb a re- than
neugh e duced volume of hedge selling and realising,
After registering gas tu 70 cents bate, the market sellied back again toward the close to finish net one lower to seven points higher. The mar- ket opened unchanged to off 2 point. Now Orbeatis closed two nie points,
Some of Wednesday's sellers srittid to enver as prices shift- the recovery track ed back t
after the previote: two-day de- eline.
INFLUENCE
Apart from
12
optimism volcci in
increasing
the dry
good: Bade, where buyer, jurve
been
contin flas goods quarter of
tough the fourth
1960, traders found little in the news to ingluumer
either way.
the market,
No eclivny notices appeared the December today against continct. The spot month open totaled 35,200 bales, Interns Trotting in December will end the noon hour on December 14. The certaleated stock rose to 5,200 bales. Rent increases
in the deliverable stock suggest further Nemci : Troelsy: Sat.
The Livery market eload
up five to off 10 English points
THE CHINA MAIL, FRIDAY, DECEMBER 4, 1959.
WEEKLY REPORT ON THE
HONGKONG STOCK EXCHANGE
London
MARKET RALLIES AT CLOSE Closes
Rubber Trusts The Share Market At A
Again
Week's
Main Feature
After displaying signs of casing off the
local share market rallied to mid-week and closed yesterday with prices at their highest for the week.
HONGKONG
STOCK
EXCHANGE
by
Our Own Correspondent
There was a general advince yesterday with improvements in of counters after heavy trading errulted in 'doy's turntver of $2,755,000.
The main feature of the week was enin Rubber Trusts which jput on a foriker gain of 60 cents. There were rumours that some f the company's plantation property had been put up for sale. Amalgamated Rubbers were alro strong but only in sympathy with Trusts
On Wellnesday the market showed signs of impres ement Business done at the Hong-when Humphreys and Cements kom Stock Exchange this touched a new high
for 1959 morning amounted to approxi-Other sections registered slight mately $1,565,000. Noon quota-jadvanera while Utilities were team and the morning's transne generally firmer.
Shares Buyers Setleri BANKS
tions:
Sales
Cottons renewed their strength 105 and fairly large blocks changed -hands at improved levels.
HK Link
1900 350
.i
m contract,
East Asia
1
INSURANCES
FI
Lalit
42
SUT PESG Waterbal
Wheelock
300)
UPL
NOJ
BOCKS, PR°C° K What
130 142
200 2014
142
TEK. 142
at 475 to 578 Amtrican points Under New York futures.
NOTICE
CHINA LIGHT & POWER COMPANY, LIMITED
fuck
Provident
100 143 AIRY 575.
15.40 10 50 2000 4 15
123016 20 1137 13
150184) 4500 1 10
29 391, 400 12 30
3.) 3
22339
Taikon Duck
LAND. ETC
Notice to Shareholders
IK tel.
MK Land
33
371%
1024
10030 30
580 33
65 38
20 20
500 10.20
1000 - 20
145 1475
FLUBUER
37
HEREBY Humphreys IS NOTICE
that the Thirty- GIVEN seventh Ordinary Meeting of Healty the Company's Shareholders Amalg will be held at 12 o'clock Noon
on Tuesday, 29th December. Trot 1959, in the Company's Hong. Kong OBce,
St. George's
Sungl
7
Building, 2nd floor, Chater A Tawahi Road. Victoria, Hong Kong, rins for the purpose of:-
1. Receiving the Statement Star Serry
of Accounts and Report of
Yugoutt
the Directors for the year ended 300h September, Light 1959.
2. Electing two Directors.
3. Appointing Auditors and fixing their remuneration.
4. Confirming the Interim Dividend and declaring a Final Dividend.
The Transfer Books and Register of Shareholders will be closed from 11th December, 1959, to 29th December, 1959, both duya inclusive.
ווק
5
590 10 23
5000 3.925
50093.PAS SINCE 1 10006
SAXS 32:
S400 40
4.411
7.35
P 175200031.75
7003175
10031.75
125
X
10) A 120
14:0
120
20%
159
1100 - 120
20 60.20.70 3301
29.800
2000
20,70
Bertie
..
23.00 BYTO
AX
25.3
500
23.30
Sekt u 55 40
2004 39 40
Pastu 23:13 15.
14
200 13.00
113
14
100
14.10
***
1010 ...
Man .. 11.0
1 phone. 30.25 30%
INDUSTRIALS Cones
301 STORES, ETC, Dalry
Welcom
500 31
Icu
31
700 30
370201
Market Diary
Friday:
Monday:
Tuesday:
The strick market
was steady resulting
*
IK Bank Lombard
Valon Wheelock IFK
Taikus Dorka
Wharf
HK Docks
Provident
JK Hoielk
MK Lands
UK Realty HK Trams Sine Ferry Yaumatie
CH Light
Electrics (old) Electrics (new) Electrics (righ(s) IK Telephone Q. I. Cement Dairy Farm
A. R. Wataori Lane, Crawford Int'l Investment Allied
HR FE Inv Textile Corp Nanyang
Market At A Glance ★
Up or
Dividend
Nov. 5
Nov. 12
Nov. 19
1070
1070
10000
Nov, 20 Dec. 3
1030
Donas
& Bonus
Yield (%)
1060
+$30
$48
41168
414
424
414
421
sitady
$2
4.8
84bxd
14
84
BOLE
Ba
steady
$2.40
6.00
5.70
5.63 vd
5.60
-be
256
132
134
144
144
1439
$8
Бя
68
572
30
572
+$1.50
$5
36
36
3715
བྷཝཱ
29%
wendy
32.80
14.80
15.20
15.69
15.60
15.70
+100
$1.10
214
32
123
32
steddy
$.50
371
3814
38
37
-280
$2.40
1.60
1.45xd
1.375
1.375
1.425
+ Bc
15c
31
301,
31
30
314
+25c
$2
133
134
134
135Ի
+31
$9
125
LET
180
127
129
+52
20.20
20.20
20.10
21.30
20.70
$1.10
25
24.00
24.30
24.70
25.20
+50c
$1.90
23.70
23.201
23.200
23.40
28.70
+30c
13.00
13.40
13.40
13.49
13.00
+20€
29.000
29.00
20
30
11
31
$1.75
3014
38
3614
JR
+$1
$3.23
20
20.40
20.000
20.20
20.40
++30¢
$1.55
18.70€
20.30
30.30
20,401
191
-900
$1
23.800
23.30
23.90
24.70
25.90
+$1.20
$
84;n
6.35
6.40M
0.40s
Ready
4,028
4.300
4.706
1.70
6.106
+40c
25c
12.60
12.40b
1214
13136
13.70n
stends
900
9.859
15.10%
8.90 14.301
£
8.80
9.05
+25c
65c
18
15%
14%
~50¢
70%
101b
SU
CYBERZZZER) | ZEBgZĒSZ-ZS88*
Wall Street Strengthens
New York, Dec. 3.
Stocks strengthened under the lead of steel shares in the last few minutes of trading today.
The upturn in the steels which ranged to $4 shore reflecte! promise of David J. McDonald, President of the United Steel Workers Union, to disclose
union "move" award # settlement of the steel dispute.
new
R
He said he would announce ¡L satisfactory his plan after President Elsen- A large hower's address last night, "it's
settlement,"
tournover. volume
of business in the nature of a move — an was done in China i attempt to get a Lights at declining McDonald said. prives after the
The market has been very announcement of sensitive steel news and the final dividend l
the second this word got to
business
75 cents. Volume trading element they bid up the ef
steel shares, Jones & Laughlin transacted was ap-ran
up nearly $3 proximately Youngstown $1,950,000.
The market was
share Sheet & Tube Kained 54. U.S. Slect rose better than $1.
Other sections of the market
firm resulting in improved with the steels, not- fair mover. Rubably the railroad section where ber Trusis
pains ranged to more than $1
showed
a sharp advance. share. Chemicals still had their
The
turnover
amounted
weak spots, especially Eastmon 10 - Kodak. proximately:
$1 624,000.
Steady conditions ruled in the market few And, with exceptions, price Were changer negligible. The rub- ber section
the again
day's feature, Turnover amounted to $1.240,000,
13:45
Wednesday: The market showed
a beiter lune during the hall day session with sorne Issues gaining Cotton ground. shares renewed their strength changing hands und higher levels. The day's Turnover amounted ไป $1,197,000.
14
4320.00
000 1 20.40
5000 40
1000 20
5000 25.90 Thursday: There
2000.3 14.40 2000 14,00
... 10.00
143 14 70
Lane, Craw 2107 5.00 LUTIONS
Texili... 9.10 Nanyang.. MISCELLANEOUS INVESTMENTS
in
Vibro
Int
Dividend Warrants will be available for collection, or will
dealt with be accordance
standing Allied with instructions, on or after 30th December, 1959.
By Order of the Board of Directors,
A. A. M. ONSLOW, Secretary & Chief Accountant. Hong Kong, 3rd Dec., 1959.
040
100+ 0.30
5.10
Exchange Rates
Burners was done In the local unofficial exchange, market this porngat the followbig rates:- US. dollars (per 313 Sterling notes (per £5) Australian notes (per 1) Indonesia rupici: iper 100) Siam teals per 1001 Singapore (Biraita)
2,50
HONG KONG TELEPHONE
COMPANY, LIMITED.
CHANGE OF KOWLOON TELEPHONE NUMBERS.
adTM
the
!
TOO LATE
The Kains would have been much larger all around had the announcement
a come
short time earlier, Wall Street [x- perts said,
The timing was just before the final gong ended the day's trading
Elcotronics Issues which had been irregular, picked up and registered gains running
to
more than 32 a share, Inter-
3 W SG general vance in market with Im- 11 provements in sections.
Trading was heavy and the closing prices were mostly at the The highest levels. turnover amounted to $2,755,000.
Yesterday's Closing
national
Business Machinez, sort all day, lost 59 start.
Coopers ruled Brm on higher prices for the metal in London, American Motura rose nearly 32 to lead the automoblie group higher.
Today's volume was 3,280,000 shares.
Of a total 1,227 issues traded 508 were higher and 440 lower,
American
Exchange volume was 1,710,000 shares.
Bonds volume amounted $0.250,000.
10
Dow-Jones closing averages
Under Steels
Berth Lite Sovers
Belt Telephone
femefield Pance jendix Aviation Corp. Henguet Citi
British Columbia Per
Cəlif Packing Corp. Cana, k, of Comm. Campbell Soup Co. Canadian Pacião 11. Case . l
Cal. Tractor
Co
Celanese Curp.....
C. 1. T. Financial Corp.
Chase Manhat Bank
Chrysler Motors
Cuct! Peab dy
42)
Heyden Newport Corp
en Walker
Tobacco
Rand
301 Eltion Ind.
Lockheed Aircrafi
Lone Star Cement Co.
MeDennett J. Hay
McDonnell Aircraft
Loews Inrcrp.
Lowenstein & Sons.
Easier
London, Dec. 3.
The stock market closed slightly easier in dull dealings today na market
continued interests awall an expected change in the British bank rate.
to
The bulk of the industrial -- list lock mellanat josace mi- though steels turned frm near
elesing time.
Deliar stocks were
mostly
casier following the Wall Street trend and gilt edged securities were steady and quiet.
--UPI..
Closing Pricos
Britis
Giltered Donde
Transport 3. 497/68-
Consola 2TÆRÐI.
CAT
Connois 4-----£75-B/10.
Conversion
Loan
S
£60-7/10.
Finding Loan 3
AMY.
Funding Block
1000--..
1939/00-
31, 1990/22004-
Funding Loan 4 1900/90
TA
Banks
Savings 2, 1P33/00-£9-3/16, Savings Pa. 1990/10-£6TH. Savings, 1065/75-ETIL. Barclay'a Dank "A" Lid ord-010
Chartered Bank-859 34. Hongkong--€57%
Insurance
Uniton Insurance Canton-3-3/18
Afterall and Motors
Brith Motor Corp.
Ort-50%
Ford Motor Co--100% cor. Rooten Lad "A" De Skl. Standard Tekanph International- 10x 10.
Breweries
Dillers Cote Dd.
Building and Platerials Arkacisted Pariland Cement-600 710
Pinchin Jebron Amsclates Ord 20% 4.
Coul, steri and Engineering Babcock & Wilcox Li-44% Dd. Vickers -3.
Food and Tobacco
American Tob, Co., L1d-
Imperial Tobacco Co., Ltd–09%.
Miscellaneous Beardman Marden Lidia 131⁄2ď. Hritich Yacine Ur
Ltd. Ont-754 3d.
Canadian
Hongkong & China Gas-[35.
Imperial Chemical--M4, 31. Lyons & Co-T5 d.
Univer Ltd-1208 Pd.
Paper
Bewater Paper Core Orden Đ Fadio und Electrical Aranciated Pectetrol-80% 20. Electrical & Musical-7€ 750. Engilah Beetrie Co-404 Bck, General Electric- 6.
Shipping Indo-China Blean Nay, Co. def ord-3 d.
PO Bicam Navigation def and ~43 30.
Ktorer
Great Universal Stores "A"--49%
Mark & Spencer Lidl Woolwarth W & Co-669 od
Textiles
Coats J&P Lid-23s 36. Courtaulda Lid-60s 11⁄2d,
Mines
Anglo-American Corp of South Africa--2025 Gl
Con Goldfields of South Africa-* 15 7.
Cone. Zinc Corp. Ori-71s 3d.
De Boers def—181, 104,
Free Site Development & Invest-
Hongkong_Thu 1942,
Petaling Tin-76 420,
Rand-101 3d.
Southern into Cong Lid-20 d. Union Caro-70% 740
Driefontein Goldmining....
West Rand Conk Ma 111⁄2d.
British Borneo Petroleum Syndi cate-aze Cd.
British Petroleum Co., Ltd-21
Bunnati-40s.
Royal Dutch Petroleum- £18%. Shell Transport & Trading=149%
-Retter.
181
175
Bancalake Mining Co.
123%
Bussman HCETIR
10:
Idaho Power
#112
Bellehem Steel
Imperiat Oil
40+
Flering Airplane
32
12
Borden (Ther Co.
D1%
40
Bri
British Amer. Ou
33
Buland Steel Co.
64 b
British Columbia Elec
Juterchemical Corp.
39
401
Int'l Business Machin Int Harvester
433
534
Intern Stay Nickel
100
International Paper
12
Il Tel & Tel
Johns Manville Co.
62
Kalmer Industries
27
SA
Kanka C. Power & Light
G11
Kennecott Copper
Kimberly Clark
were:
64
47
30 Industrials
$82.99
20 TRIN
153.49
Colgate-Palmolive Cu..
Liggelt & Myers Tob. Co. Lily Tulip
13 wattties
BO.BI
Colombian Carben Co.
461
5 stocks
215.33
Commercial Crede
50%
40 bonds
$1.43
Consolidated Edison
50%
Comm. future price index
15127
Consiliated Paper Continental Oil of Det.
Crown Zellerbach
Closing Prices
Cuban Amer. Sugar Diamond Aikall
112
PAPA
Mesabi Iron Core.
Minnesota Mining
100
Alten Inc. Aty.
Aled Chemicals
alled its Ine
Montgomery Word
h3cnsanto Cheniest Co.
Mision Development
211
Gd
157
Motorola Inc.
1605;
754
National Blacuit Co.
52
10
National Cash Reg. "A"
1,
Fl Paso Nationai_das
341
National Dairy Prod.
403%
GI
Furity Finance Corp.
20+
National Lead .....
110
National Steel Corp.
8
Festone Tyre & Hubber
131
New York Central
2014
4GT
First Nat. City Bank
429%
Ford Motor
794 North Amer. Aviation
Norfolk & Western F
100
30
24
Georgia Pacife
499 Northwest Airlines (Com.)
31
570
Olin
92
90 Oti Elevator
FUL
ment-de
27AS
Ina
Owen-linols Class
091
78
General Motors
SIT Oxford Paper Ce
2
100
Gen. Pub U.
221
Prelle Gas & Elec....
Gen. Tyre & Rubber
to
Pan American Airways
15
Getty Od
18
Paramount Pictures
45
38%
Gudden Co.
44
Park Davis Co.
Goodrich (D. F.) Co.
Penny J. C. Co.
43% 12232
WEEL
17
Goodyear Tyre
13894 Penn. Salt Co
41
Grumman Aircraft
5
2114
372
RAT
TO
.
TO
Allis Chalmers
Am. Brake Shoe
Araetcon Airline
Ata. Cable & Radio Corp.
American Cyanmuud
Ca.
Amer. & Foren. Power Am. Gas & Electric Ain Mach. & dry. American Melal
dun. Natural Gas Americal Smelting Am. Sugar Ret. American Tel & Tel American Tob
Anaconda Copper
Annco Swei
Arnaut
Atlas Cons. Mining Baldwin-Latest-1farms.
Dalilmore & Ohio Hank of Montrea! Bank of Nova Scotia
Diamond Gard
* 30% DUBers-Seagrama 119 Dominion Stores
375 Douglas Aircraft 33% Dow Chemical
1134
Dupont de Nemours
Eastman Kodak ...........
General Dynamics
501% General Electric
Gererat Foods
Gull Gl
2015 | Hanamond Organ
COMMODITY PRICES
METALS
NEW YORK Closing prices, all in per lb.: Lead
Dec.
Jan.
Zine
Der
Jan.
Copper
Dec. Jan.
cents
11.25 11.20
U.S. INVESTMENT QUOTATIONS
Tin
Buyers Sellers
Spot
701 701 3-month Others unreceived. UPI.
780
The following are US. in- vestments In American dollars.
include Buyers prices mission:
Affliated Fund Am Bun Gh Atona Dev Mut Bullock rund Carlada Gen 74 Canadian d Canadian Int Growth Chemical Fu Comwwith Bisex Dividend Sh
ind
Ing 10-1
H. Block
In connection with the change of certain telephone numbers in Kowloon,ectre from numbers beginning with the digit "5" to numbers beginning "82", to take place on Saturday, 5th December, 1959, it is notified that the effective time of the change-over will be 9 p.m. on that day.
Mие п
Inkti Found Imbil Growth IntoMO Invest T Boston. Kyle Canada" Maa Jay Tr
Keystone Cut Ba
row
Na! Seo Ser Growth Scudder St
Telev
Value Lane F
Wellington and
Cl
Sellers Buyers
4.35 1189 6.70
10.00 14.36
COTTON
$2.54
Holiday.
SINGAPORE
LONDON
073
Philip Morris
Pitney Bowes Procter & Gamble Co. Pittsburgh Plate Glass Pubitcker Industries
Radio Corporation Radio Corp. Pref. Raytheon
Republle Steel Reynolds Metal
Royal Bank of Canada Rear, Roeburk & Co
Bell Oil Co.
Saleway Stores
Saint Heg. Paper
Schenley Inc.
Scott Paper
Sinclair Oi
Smith, Kline & French
Socony Mobil Oil
holar Aircraft
South Puerto Rico Sugar
all in pence Southern Natural Gas
Routhern Railway (Com.) Standard Brands
Closing prices
per lb.:
No. 1 Ra spat
33-3515
Settlement House term:
Jan./Mar.
13-171
Standard Dii of Cal, Standard Oll of Ind.
April/June
312-31
Standard Oll of KJ.
July/Sept.
31-3212
Oct/Dec.
301-30
Steel Co. of Canada Sleep Rock
General markets, eff, basis, ports:
Des......
31-341
Estate crede
thin Dec.
4014
404
Dec.:
3.36 buyers
3.35 buyers
Tide Water Of
sad,
NEW YORK
Closing prices all in cents per
lb.:
Spot:
72.85 norn: Dec:
May: 32.12 July: March: 32.97: 52.75; Oct: 30.83; Dec: 3082; Mar: 31: May: 31.20.
NEW ORLEANS Closing prices all in cents per
13.05-08 h.: 31.90-93
Spot: 31.15; Dee: 32.53: March! 3.80 May: 33.10: July: 22.74; Ocl: 30.85; Dec: 3093; Mar: 31.03: May:
LONDON Closing prices, all in sterling ätza. per long ton.
NEW YORK
SAO PAULO (Closing prices all in cruzeiro per kilo):
All unquoted.
Average price in U.S. at 35 de- signated pot matkals: unavailable.
Total sales: 20.2 holes.
LIVERPOOL
Closing prices all in pence per Jb.:
American Contract
Dec/Jan:
thick Dec
AMSTERDAM Closing prices all in gullders per kilogram, c.l.f.
No. 1 rubber No. 2 rubber No. 3 rubber
No. 1 crepe
3.37 buyere
3.00 buyers
-VII.
FOREIGN EXCHANGE
22.00: March/April; } 22.30; May/June: 23.20; July/Aug; 1.23.05: Oct/Nov; 21; Del/Jen: 21.90,
BBxed Controlet Dec/Jan; 23.55; March/April: 23.45; May/June: 23.45; July/Aug
Oct/Nov: 33.10;
Dec/Jan; England 22.2-UPI.
prices all In cents 40,
Contract No. 4 (world)
NEW YORK Closing rates: Canada
officini 30-day K
D0-days
Australi
New Zealand Boull Africa
"Others unchanged.["
LONDON
Sterling Drug Co
Stokely-Van Camp,
Stone & Webster
Studebaker-Packard Corp. Surahine Mirag Swirl & Co.
Texas Co.
Textron inc.
Thickol Chem.
Traders Finance
Tri-Cont. Waer mesta
Twentieth Century Fox F Union Carbide
Union Oll of Cal
Foton Pache Railway
United Aircraft
United Fruit
United Gas Chispi.
U.S. "Bir
G
U.S. Line Cú.
UB, Rubber
VA. Smsung
US. Stre
US. Bleed 1. PC, PF Warner INDE...
Waukesha Atono
Westinghouse Air Broke Westinghouse Electric
1.06-5/42 | Worters Union Tel. Ca.
2.7096-3,200/
Vest Va. Pulp & Paper
Wham-Dade Stered
Woolworth (KW) ****
Rubber
Market Review
New York, Dec. 3. Rex rubber futures today to 75 points lower with sales of 57 contracts.
closed 30
The Singapore holiday and the lower London trend, shop- ed the
today, market action although a number of traders were inclined to market and wait to see how the Singapore market would react 10 decline. tomorrow.
In the delivered market here dealers were also disposed to mark time pending develop- ments,
The holiday curbed the volumis of caster shipment offerings. Thaliand offerings werd reported around 4 cent above domestic buyer ideas. included Indictesian offerings ené sheets at 80% cents and two sheet at 39 centa
a pound, straight December shipment.. cost and freight. However, local buyers ideas were fully 4, cent under and they showed no
Agreed Merchant witlingutes to "pay up, traders
Rates
sald; Current month, No. 1 Ras was quoted at 411⁄2 cents, nominial.
6. Dollaže. Maxhinam selling 17-6/34; Minimums Buying, 11-19/32 T/T, 11-21/3 0/1, 17-43faï 3 days, 17-23/23 90 days, 17-29/332 30 days.
Canadian Dolare, Maximuņi- Ing. 10-1/235) Minimum Daylag. 1635/23 UT/T, 38/47/31 (Q/D,
peirian Franes, Laximesh selling. In Amberdará, the rubber
gelkettytuberarti was very quiet today.--
In London, the rubber market with spot quoted at wha Qasy [851⁄4 pence,
UPI.
SUCAR
RUBBER
¿
Belgium
Closing
10.48
per lb.:
Jan
Estarch
10.58
Mary
25.08
July
8.41
Sept
2014
Oci
SELAS
Closing rutes:
11.20
New York
7.20
Total Soles: 418 contraeth.
12.01
Open internet: 8,200 cpptracte.
24.00
1236
Contract No. 4 (domestlo)
14.84
4.06
March
NEW YORK
Montreal Rex rubber futures closing | Amsterdam
Br prices, all in cents per lb.:
Copenhagen 40.00-08 | Frankfuri 38.M-3
Dole.
10.50
11,009
37.76
Frie
July
5.00
July
07.20
Spot-Cit. Ny duty s
Bepl
Total Sales: 25 contracte.
Nov
Open tent; 3,818 cont
Jan
Bpolito.b, Cuba)
饭
Stockholm
Zurich
29.70
2.7000
2.7915
2,815
Zenith Radio
2.237:
2,1808
2,000
020010
4136
el
1
-UPL