HONGKONG
STOCK
THE CHINA MAIL, FRIDAY, DECEMBER 11, 1959.
WEEKLY REPORT ON THE HONGKONG
STOCK EXCHANGE
London Market
EXCHANGE MARKET EASES SLIGHTLY Quiet
Our Own Correspondent
But it
done at the Hong- kong Stock Exchange this morn- og amounted to approximately $830,000. Noen quotations and The morning's transactions:
Bhares Buyer Brileri Nalet DANKS
EK Bank 1838 1000
INSURANCES
Unti
#1
Tungbard.
SHAPING
Wheelock
DOORS, ETC.
1
***
LAND, ET
BUCHER
دا
42
5.20 TA3 63
37
11040
100 561-
200 14TH, 2018.34
HK Hote
Ak 1
ikeampireys
1.0
Results
4200 $4320007
| 425
toco
1.45
1433122
1003
3K
4,
こん
A KOR
Tww.t
A
S. Nelonen
I
Yonata
נין :
31, 39.73
1900 535
Aben w
10321.78
2001 S
230126
EIG
3403
200 124
1 ND 30 K
$ the
Mana 1
וירות.
2000 AN
Jona 20
17031,93
1000 20
25 50
Prices Show
Improvement In Late Rally
The market experienced a slight drop in volume of business during the week with fractional losses registered in some sections.
Sharp Rise
A note of caution appeared to erep in during the week and it was felt in some quarters that have advised leal banks may
a little rein putting on too much. speculation.
However, the In Cotton
Trade Expected
35452502 11. A.
IPA
1410 The
2
J4 1424
11.26
11
1701
14
14 10
RDUSTRIALS
360 36 31
Cart
1
W
1
Cak
1000 31
Xx 30'
1:37(4
2049 200
AMY MOM
2340 25.70
150913
13 2014 16
VISE TELANEOUS Vihre
INVESTMENTS
1.
Allel
1
A 1990 6.45
NOTICE TO CONSIGNEES
-
Washington, Dec. 16.
International Cotton
easiness that revailed mid-week dissoprored
the close yesterday with prices showing some apprecia- tton it a laterally
Banks were fractionally down while insurances remained strady.
Wharves. after thrin pre- tacular rise in the past Irw weeks. eased off slightly and clared at $140-$3 o
15th
Terry the
companies iver down on the week while Advisory Committee to the rest of the Utility section day predicted "a marked alro registered fractional losses. increase" in the inter- Textiles showed little change national cotton trade dur-and the rubber section remained ing the current
season.
cotton
The 34-nation grour based its prediction on lony carryovers in importing hallores, rising con-
and indications that ! sumption demand at the Communist ! Die will be substantial.
As a result, the raid,
shows t
the enlinn
comintice
situation!
definite improvement
Uis reason."
"Supply, it is true, will be
considerably inrger than in
jjale.
Market Diary
Friday:
Ti
market was active resulting in a fairly
substantial with turnover interest spread in all sections. Turn- over was $2,480.000. The Monday:
continued
of buoyancy
the helped market maintain prices
1958-59 but not by as much as Tuesday:
first sermed likely. the com-
mittee's review said,
the
But the committee said increase is chiefly in the United Is where Slatce
the cro estimated at 23.600,000 bales, P predicted the United States will be left with stocks totalling Wednesday: Butnared estro re dus verr wout 9,000,000 bales at the end
of the present scazor.. & Men Wond survered by
be
ITA
ון: +
*POLYPHKMUS**
at it' Wharf from 10
inteli December 12, 1959,
have poteters are requested to ther representatives present during the
10%
RUTTERFIELD & SWIRE, Apent.
Har Hon. Decanter 10. 14),
Production outside the United States was set at about 17,000,- 900 balls compared to 18,400,000 bales last season, The com- mitter suld production lower in Mexico. central America, Uganda, Syria, Grover and
erhaps Indiu. UPI,
Thursday:
* The Share Market
MK Bank
Lombard
Union Wheelock IK Wharf
HK Tram
42.
اللحمة
steady
+500
********
Glance ⭑
**
Gains
London, Dec. 10. were fairly wide- spread among industrial Lasues in a quiet session of the Stock Exchange today.
British Government bonds de- 'ellned on light selling prompted by a mild weakening of the pound sterling in the foreign exchange mørkets.
wero
Among metola, golds Irregular, coppers easier and tins dul).
Ou
shares
were quiet and
At
Nov. 12
Nov. In
Nov. 26
Dec. 3
Dec. 10
Up or Down
Dividend
1070
1000b
1050
1060
1035
419
414
42K
AL
04
8214b
8314
& Bonus 318 $2 33.40
Vida(96)
4.5
4.8
5.70
314xd
8.85x8
5.00
35.65
+50
tho
134
144
144
1431
140
-83
HK Docks
58
574
56
5714
50
--$1.50
$5
Talkoo Docks
36
3714
39
39%
200
steady
$2.80
Provident
15.20
15.00
15.60
15.70.
16.30
+000
$1.10
HK Moletn
22
322
3244
324,
3014
$2.50
JIK Lands
3714
38
3B
37ER
27Bi
überdy
$2.10
1K Really
1.65xd
1.375
1.875
1.425
1.423
steady
15c
30%
3114
31
31
3114
-250
$2
133
134
134
135b
135
steady
127
130
127
129
121
---$2
20.20
20.10
21.30
20.30
19,90xd
ww.doc
$8 $1.30
24.00
24.80
24.30
25.20
25.80
+100
51.90
Electrics thew)
23.20b
23.20b
23.40
23.70
24.10
+50€
Electrics (righia)
13.40
13.40
13.40
13.60
1.10
+500
29.90
3D
30
31
30%;
-250
$1.75
38
3814
38
39
38
----$1
$3.25
20.40
20.00b
20.00
20.40
20.40
strady
$1.55
Loan
1100
20.20
20.30
20.40%
1910
1916
ntendy
31
00-3/10.
23.30
23.90
24.70
23.90
23.40
~~50c
Fuiding Loan 2
1539,
$2
83-3/10.
6
6.33
4.4
0.40+
8.40
steady
63c
4,700
4.70b
4.70
5.10b
5.40%
sirady
250
12-5/16,
Funding
12.40b
1214
12140
12.70m
12,700
steady
8.50
D
8.80
0.05
8.05
100
65€
14.301
15
15,
164
14kxd
500
700
Star Ferry Yaumatis
Ch Light Electricx (old)
HK Telephone G. I
Cement Dairy Farm
A. S. Watson
Lane, Crawford
Int'l Investment Allied
KK FE Iny
Textile Corp
Nanyang
U.S. INVESTMENT
QUOTATIONS
dollars.
7-
The following are U.S. Invest- merits 111 American Buyers' prices include mission:
AI used Fun Am this Shrs Atom Dev tut Bullock F Canada Gen Fl
Canadian F4
......
Canada Int Gowth
to Found Mut rd
Instit Fount
with business fairlyhill Growth
avera
Setter
7 41
01
4.10
4.34
535
3.18
13.31
34.50
14.13
17.29 13.70
F
24153
331
New York
Cotton Market
New York, Dec. 10.
L'otton futures today switch- ed over to the reactionary
side, halting a previous two-day rally which had carried the market to the! best level in two weeks.
around the Closing
day's lowest levels the list was off five to 13 points net. 14.53
Chenzen F
11.04
12.3
Comwith Sinek
IAMA
Dividend Sh
3 2
Drestua Fund
14
Faton & Stuck 21.35
26.03
Electronks inv
123
0.54
10
11.70
Hamil Fd HC-7
522
5.70
10.70
11.71
11.55
125354
steady.
6.37
7.14
Wä
True Ty Boston
11.03
12.71
$1,520,000
Keystone Cat 32
The
fairly
Keystone Counda market was Mate Inv Tr
active
73.03
13.0
demands tries.
for Elec-vale are Fanat
Wellington Fil Textiles and Wheelocks
with Nai See Ser Growth
Telev E F
8.94%
D.B1
14.04
13.4
7.28
1300
15.25
Turnover fit income approximately
Business transacted amounted
to ap- proximately
$1,361,000. The
market ruled Though rates
in a few instances.
showed
losses.
fractical
Turnover
for the half-day session WOR $910,000.
The market opened with caution with a slight lowering of but prices
larses were recovered in late rally. Volume of business transacted was ap- proximately
$1,800,000.
Yesterday's Closing
{CITY' LIGHTS
1.9988.283333321130292888..
Stocks Continue To Advance On Wall Street
New York, Dec. 10.
Stocks advanced through most of today's session and then encountered moderate profit-taking
near closing time.
many
This brought
issues, Dow Chemical down from their highs for the Dupont de Nemours
Fasterion Kink finished Industrials ses:ion higher for the most part of the session due to strength in elect-
alterafts, Ford Motor rd chemicals, steels,
GUS Preife drugs and electronles.
action, The reverse,
traders said, appeared to be due to a 7.03
|let-up in buying interest rather any organised selling
"-Business. old Pretty fair, thanks
London Expten Service
man 7
news
the
ruled
Family Finance Corp.
вать
207
1001
J
El Paso Natural Gas
Flest Not City Bank
8412
40%
4814
સ
Dynamics
General Electric General Foods General Motors
Gen Tyre & Rubber Goodrich (B.F.) Co. Goodyear Tyre
What
Several of the metals pressure,
strong. notably International Traders found nothing in the Nickel.
to induence the market either way. News from
Akoa, however, fell more than Grumman Aircraft
Beech Aircraft on quit ou textile trade continued optimis- $2 a share. tic. but appeared to be dis-up several dollars. Union Car-Heyden Newport Corp
bide, Texas Instruments, and In- ternational Solt
rospective
counted.
were
-DOG
1ram Walker
Hoeslake Mining Co.
strong
Husman Refrig
Idaho Power
Imperial Tobacco
Inland Steel Co.
Imperial Oil
Int'l Harvester
New crop months continued spots in their to be mostly neglected. Tradersions. avoided a stand there pending
Ford ruted strong in an other erchemical Corp. expected consideration of farm
Ol's Int'l Busines Machines legislation after Congress con-wise Tower auto section.
tended easier. Minnesota Min-international venes in January,
Cotton trade spokesmen to Ing and Minneapolis Honeywell International Packe for showed gains of $5 or more at Johns Manville Cu. day appealed to Congress
Home Kimberly Clark their best. American changes in the 1960 cotton price grined $5 in the drugs. Kansas Liggett & Myers Tob, Co. programme which would return the buying and selling of co-City Southern rese more than $1 tor to the hands of the private while Norfolk & Western lost
$1 in the rals. trade.-UTI
COMMODITY PRICES
SUGAR
NEW YORK
Closing prices all in cents per
Ib.:
AprivJune
July/Sep!. Out/Dec.
317-32
30-3112
... 304-303,
345-397 341-342
General marketa, elf, basis, ports:
Des Jan. Estate crepe thick Dec... 40
AMSTERDAM Closing prices all in guilders per kilograin, c.i.f. Dee:
No. I rubber
3.36 buyers
3.34 buyer
3.31 buyers 3.95 buyers -UPL
METALS
NEW ORLEANS
Today's volume was 3,470,000 shares
Or a total 1.255 issues traded,
512 were higher and 535 lower.
American Exchange, volume Was 1,710,000 shares.
Kaiser Industries
Lily Tulin
on Ind.
Lockheed Alterati
Loews Incorp...... Lone Star Cement Co. Lowerstein & Sons. McDermott J. Stay Mesabi Iron Corn,
niinnesota Mining
Mission Development Monate Chemical Co. Motorola Inc. National Biscuit Co. National Dairy Prod.
Bonds volume amounted to National Lead $7,400,000,
Dow Jones closing
were:
Closing prices all in cents per 30 dualitats
Brot: 31.15; Dee: 32.00; March: 23.06 May: 3326; July: 3250; Oct: 30.28; Der: 2013; Mat: 31.02: May: 31.20.
SAO PAULO
(Closing prices all in cruzeiro
per kilo):
March: 70; May: 77.
23 Talis
15 utiles
63 Stock 45 bonds
National Steel Corp. New York Cement
averages Noranda Mines Lid.
Closing Prices
Abitibi Pwt. & Paper
Aklen Inc. ACT,
Average price in US at 14 de-Alla Chalmers signated spet markets: 31.73 cents.
Total Balex: 119,008 bales.
LIVERPOOL
Closing prices all in pence per Arm Gas & Bectric
lb.:
No. 2 rubber
No. 3 rubber
Contract No. £ (world)
No. 1 crepe
3.00
Jan.
March
May
Jut
Sept.
Oct.
Jan,
Mar.
Jan
March
NEW YORK Closing prices, all cents per lb.:
in
23.30;
23.03:
22.70.
May July
Spot-(Ci! NY, ex-duty),
6.69
170
Lend
De
Jan,
-UPI Zine
Deut
Ja..
Cupper
The.
Jod.
'American Contract
Dec/Jan: 22.00: Marelu/April:
May/June: 23.65;
Oct/Nov: 275:
Mixed Contrast
Dec/Jan: 23.65:
Am. Home Prod.
Am. Mach. & Fdry.
American Metal
Am. Natural Gas American Smelting
July/Aug: Ath. Bugar Ret.
Dec/Jan;
Amerio Tel & Ti
American Tob
Anacond Copper
casict.-P.
Closing Prices
Gledged Dond
Dritin Transport 3, 1913/08--
£879%
Console 2 £50-3/16, Consola 4-1/16. Conversion
Funding Stock 3, 1999/2001
€94-3/10.
Loan
Savings 3.2. 1995/65-£ pa.
Savings Mon
1060/90-
1900/70-8-11/10,
Savings 3, 1905/76-77.
Banks Barclay's Bank "A" Tate ord
Chartered Bank-33 Hongkong-£55.
Jarurance
90.
Union Insurance Canton-£5-3/10.
Aircraft und Moters British Motor Corp. Ord-21
Ford Motor Co -102 34 Root Ltd A 20ted. Standard Triumph Itemnational-
10 10.
Breweries
Distillers Comúky
Busking and Materials Asociated Portland Cement→→740 Pinchin Johnson Associates Ord-- 25 $1.
3d
Coal, Steel and Engineering Babcock & Wilcox L1-44 1. Vickery Ltd-33 0.
Food and Tobacco British American Toh. Co., Ltd
Imperial Tobacco Co.. Lid-
-G31.
PC
Misceljuneous
Boardman Marden 145-48_10. Britas Oxygen Lid. Ord-7 d. Canadian Pacific My-$472) Dunlop Rubber Co-201
Hongkong & China Gar Imperial Chemical-50 101d. Lyons & Co--7M 300. Unilever Ltd-1994 11⁄2d.
Taper
Bowater Paper Corp Ord-07 34.
Ratio and Electrical
Associated Electrics3-19
od.
Electrical & Musical-50% Gd. Engl Electric Co-s94. General Electric-43.
Shipping
Indo-China Steam Nav. Co. def ord-d
P&G Sicam Navigation def ord -456 30.
Storrs
Great Universal Stores "A"-61#, Marks & Spencer Lid-74%. Woolworth F. W. & Co-sand,
Textien
&P Ind-32 10155, Courtaulds Led-09.
Mines
Anglo-American Corp of South Afrios-205m €150.
Cor Godfcids of South Africa- 07 20150.
Cona, Zine Corp. Ord-75 31. De Beers def-195% cor.
Hongkong Tronche 134th.
Pelting Tin-796.
Band-10e od.
South Kinta Cons 148–311. Union Corp~70. Wen Driefontein Goldmining
West Rand Cons-21 464.
30
196
4813
11014
British Borneo Petroleum Syndi-
cate-bla
British Petroleum Co. Ltd-1
Trading-
Royal Dutch Petroleum-15-39/39. Shell Transport 217% 73-Beuter.
40
012.74
Norfolk & Western Hy North Amer. Aviation Northwest Airlines (Com.)
19
उरा
134.40
Olin Mathieson
67.22
Elevator
218.00 Oxford Paper Co
81.03 Pacte Car & Ele
Pan Ameriese Airways Parunt Pictures
Penny J. C. Co. Penn. Sal Co.
Piney Bowes pasarg Procter & Gamble Co. Pittsburgh Plate Class
Publicker Industries
Pure Ol.....
Reynolds Metal
4942
Algoma Steel Corp.
J
Allied Mt Inc.
48
Am. Brake Shoe
5324
Indie Corporation
American Altine
243+
Radio Corp, Pref.
Am Cable & Rudia Corp.
110.
Paytheon
Americno. "Cyanamid Co
Repubile Steri
Ain. & Fergh, Power
9
475%
Royal Bank of Canada
17815
Bears, Roebuck & Co.
481
Shell Oil Co.
2414
Saterway Storms
30%
· Eulni. Reg. Paper
40444
Schenley Inc.
2811
Scott Paper
701%
Sinclair Oil
Smith, Kane
& French
6371
Sotony Mobil Oll
2524
31 Selat Aircraft
1014
173 Southern Co. (The)
South Puerto Rico Sugar
4135
Southern Natural Gas
Bank of Montreal
106
Southern Railway (Com)
Bell Telephone
Beeeb Late Savers
30%
Standard Brands
Blandard Oil of Cal
Betificial Pinance
Sleep Rock
Bendix Aviation Corp.
743%
Bierling Drug Co.
Benguet Co
115
Bethlehem Steel
Bione Webster
Boeing Airplane
#294
Borden (Tha) Co.
DO
EST
sec.
38%
40
30%
Amour
Asbestos Corp.
March/Apell: Atas Cone Mining
23.60; May/June: 23.90; July/Aug: Baldwii-Lama-Ham. -4 23.10; Oct/Nov: 23; Dec/JRAY: 22:29. BITukmore & Onto
11.75
--UPI.
34.50
37.51
NY Sugar
Market
New York, Dec. 10. World No. 4 sugar futures to- day closed unchanged to one point lower with sales of 37 contracts.
6 sugar The domestic No. closed unchanged with no sales
ib Activity
the 40% reported.
world market was hardly broad
to develop erough feature.
In the
a trading
SECURITY 5%
SECURITY The Bank's Capital and
✔SAVING
Reserves.
SAVING-No Charges, Brokerage, Com- mission, Fees or Stamp Duties.
✔SAFETY-No Capital Depreciation-Your
funds remain at your disposal.
INTEREST is calculated on a Daily Basis→→→→ ite. your money is earning 5% from the day you deposit until the day you withdraw.
YIELD-The 5% per annum interest is
paid half-yearly.
Interual paid without deduction splinted Kingdom income tax Write today to the General Manager for your copy of "Bank Deposit Account" booklet No. A0.74
LOMBARD. BANKING
fload Office:
LIMITED BANKERS
LOMBARD HOUSE, CURZON UTREXT
PARX EXNE, LOMBOR IT'
Tdtphone: 220 €111 (2) SEWOO
Aveclated Maske † LOMBARD MARKING (VAN EAST) LTD 10. BOX 2004, SROUND FLOON FINLAYSON HOUKU KAFFLES QUAY SINGAPORE. Thomsone: 13825
A World-Wide Banklar ahdl Pimbuće kakantuation
Spot--ft.o.b. Cuba
Total Sales: 37 contracts.
Open interest: 8,558 contracts. Contract No. 0 (domestic)
RUBBER
NEW YORK
Rex rubber futures closing prices, all in cents per lb.:
All in cents per b.:
ports:
No. 1. Dec.
Jun
No. 2 Dec. No. 3
110%-220
125-1784
1109-1194 21856-110 21015-17:5
Spot rubber unholed Blanket crepe
12014-121 115-113 1331-13012
No. 1 pale crepe
LONDON Closing prices all in pence
per lb.:
Settlement House term: Mens/March
COTTO
NEW YORK
1b.:
2514-301
Closing prices all in cents per
Boot:
South Africa
Other unchanged.
LONDON
Closing rates: New York Montreal
Brus Frankfurt Oslo Faris Stockholm Do: 22:05: Ston iam; Marchi 23.049UJINT PLAN, Oet: 1045; | Vienen 99%-31 10: 30.38; Mar: 3100; May: 3136,
SEEN
2.79 13/15-9.30 15/10 2,06 5/10-2 7/16" 139.97 1/2-139.01 1/3 31.07 1/4-112 1/2 19.30 1/2-19.39-3/4 * 1/4-11.50
1050-TOM 3A
778
Colombia. Carbon Co. Commerciel Credit Consolidated. Ediana Consciklated Paper Consumers Gas Furna Continental Oil of. Del. Cosmos Imperial Mills Crane Co. A Cuban Anker. Sugar Diamond AEJ Flanjood. Gard. Duttilers-BANDARTA Dominion Midden
U.S. Rubber
4.8. smelling
U.S. Stei
Mit U.S. Bies! T-P.C. P
24% Warner Bros.
Waukemia Mditira
60 Westinghouse Air Brake 4359 Weetinghouse Electric ... Western Union Fel, Co. an 334 West Var Pulp & Paper 90% WI-Dizie (MU
Woolworths (R. W [130] Smith Hadio
Exchange Rates
Bgeness was doins in the local
· Khim thomeisi
market zorubig at the following rates!
Sterling Botes" (ple (23)
21) ..
Hiperi Meals per (150) k
1240
Jan. 1960
Mar.
Jer. 1000
SINGAPORE
LONDON
Closing prices, all interling
Buyers Seller
702
789
FOREIGN EXCHANGE.
NEW YORK
Closing_rates:
England Official
30-day
10-days
per long ton.
Tin
Spod
J-month Copper
Spot 3-month
41.70
Let it har
30.45
Dec.
39.05
Mer
Zho iet half
Dec
DOY
Mar
UPL
Australia
New Zealand
Closing prices all in Straits cents per lb. f.oh. Malayan
Lurroughs Add Machine Erilish Anier, Oil British Columbia Ut Columbia Pwr, Csic, Packing Corp. Can. T. of Comm. Cama. BrowE?E
50
Stokely-Van "Camp.
Stukkebaker-Packard Corp.
Sunshine Mätning
Bwift & Co.
Texas Co.
Textos Inc. Thickel-Chann The Water Oil
Lentieth Century Fox Tim
Union Carbida
Union Oll of Cul.
25 Union Pacino Railway
20 Unked Attract
United Fruit_
7090
Campbell Soup Co.
2.0010
Canadian Pacule .
2.8040
Case J. 1.) Co.
3.2395
Cat. Tractor
2.7650
Cdlenese Corp.
27
1.6030
C... Financial Corp.
2.8. 100 “B”
Chrysler Motars
Cluelt Peabody
47
U.B. Line· Co.
.80
Uorted Gen Corp.
11
18T
January parchace
raw market, leading refiner reportedly bolight 3,000 tons of Mexican rows at 8.20 cents a pound, delivered, for late-December and carly Another loading.
OL of 2,530 tons Philippines, due In mid- February, was reported at 6.18 cbaits, delivered. Later, another • refter bought 9.20 of Mexican ruwa, late Dec.-carly-Jan. load- ing at 0.12 ents à pound, deliveredUP),