OFFICIAL NOTICE
Propusnt to change ʼn Ship's
Rame
71, Yan-Shin Zre of 13A Kal! Yuon Terrace, 3rd, 11.K., in hereby give notice that confequence of Change of ownership, I have applied to the Minister of Transpori under Section 47 of the Mer- chant Shipping Act, 1894, In respect of the British Steam ship RIVER CLARENCE of Sydney, N.S.W. REGISTRY Ometal Number 174699 Gross tonnage 5031 tons Register Lonnage 2662 tons, heretofore owned by Australian Constal
"
THE CHINA MAIL, FRIDAY, JANUARY 8, 1960,
WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE
London
1959-A PROSPEROUS YEAR market
Near record
gains
in
most sections
Shipping Commission for per The year 1959 has been a
mission to change her, name to GOLDEN ALPHA and to have her registered in the new
name at the Port of HONG KONG as owned by The t World-Wide Steamship Co..
Marinin 420 Menpitong
near record
* The
Kik Back Lombard Unica Wheelock
IK Whart
share
market
Jati. 7
1195
4071
+855
glance improves
Dividend
& Bonus
☀
London, Jan. 7. Business improved after d dull start on the stock exchange today.
Government securities showed better tendency after an- nouncement the bank rate would remain unchanged.
at
a
1
Dec. 13
Dec. 17
Dec. 26
Deo. 31
Up or Down
Yield (%)
1055
1470
1005
1110b
4.2
431
89110
sab
30
3934b
150
$2
5.1
BIL
2016
05
94
$1
$3.40
1.9
8.65
5.00
0.70
G
6.15
+160
250
4
149
130
141
140
146b
steady
$8
5.4
BK Docks
64
50b
8714
5714
53
+500
$5
1.0
a
Taikoo Docks
Job
181
2914
303
+$1
$2.80
4.8
Provident
16.30
16.10
10,00
17.40
1714
+100
41.30
1.2
ifk Hotels
2234
2214
321%
331
332,
+25c
32.50
74
HK Lande
31/
173
384
381
S931
431
$2.30
6
HK Resity
1.425
1,40
1.40
1.45
1.525
40750
15
9.1
13
2154
3214b
34
33
Sz
136b
145m
+$0
39
6.2
Yaumatis
127
127
$28
120
13
+31
$8
G.L
Ch Light
19.90x4
19,40x4
19.60xd
19.70
20.20
+50c
$1.10
6.4
Kitetrics fold)
25.30
20.30
26.20
25.00
26.40
+80c
$1.90
7.1
Electrios (new)
1
24.10
22.90
22.90
24.20
25.20
+51
ilk Telephone
30%
80%
213/2
3214
3214
+250
$1.75
8.3
G. I. Cement
7744b
39
3914
45
+TBC
$3.25
www.k
Dairy Farm
20.40
20.30
20.00
21.69
22,20
+000
31.55
6.9
$2,094,000,
A. S. Watso
1914b
10.70
19440
22
steady
4.5
Lane, Crawford
25.80
25.400
2014
27.30
27.30
steady
32
7.3
The activity in the
Int'l Investment
6.40
6.10
0.308
8.55b
6.80
+25c
35c
share
In-
Allied
3.40
0.10
6,150
5.20
534
+300
25c
4.5
HK FK Inv
11.Jon
12.30b
12.700
2,701
12.70a
steady
00
7
Textile Corp Nanyang
5.05
6.50
0.10
914
9.45
+20c
65c
6.8
14x
14kxd
13.80
14.30
14.00
+000
170c
4.7
for the local stock market and not since the 40's have prices risen as high as they are today.
rise of over A
30 per cent most ibas been
in Tovarded Honse, counters in the fast ten months "well over and in seine cases tort, Textile shares have risen 100 per cen).
་
Nas obiection fo the pre posed change of name must be sent to the REGISTRAR OF SHIPPING at HONG KONG within SEVEN days from the appearance of this advertise. ment,
Pater of HONG KONG the 7th day of January, 1960.
The World-Wide Steamship Company Limited.
NOTICE
Profit-taking of course follow Tuesday: jd each rise but the market was well absmibed and .ollowed ench pate of profit-taalug further rise.
with a
The boom in the stock market appears set to continue and the New Year opened with sustained enquiries for
counters most
rates resulting in higher round.
Good prospects
all
A noteworthy feature this past werk has been the recovery of Watson shares after having been neglected for nearly two inoutlis. The excellent general econornic and industrial prospects of the Colony have had a strong in- fluence on investors. Hongkong i products have hind a good year on the textile market.
news for 1959 has Company been excellent and there is every expect a belter year
TO U.S. CITIZENS and this was reflected
be
Most U.S. Citizens will reason to
U.S.
required
10
file
#
for 1900.
Banks ended 1950 excellent nofe
An and in the past
on
$1,205.
noteworthy are:
Good gains have been re gistered since the beginning of December and some of the more
Hongkong Bank
$110; Union Insurance up $30: Stor Ferry up $10; Yaumatles up $4; HK Electrics up $1.10: Cements up $2 and Watsons up $2.50.
up
U.S. Federal Income Tax two weeks reached a new high of Return for the year 1959, citizens residing in Hong Kong, wishing to file their Federal Income Tax Returns for the year 1959 informed that 2171 Are
Yesterday a slight general re- of ollicer
Internal the
cessing set in when the market will Revenue Service
be was depressed by a drop of 64 visiting Hong Kong from in London registered Hongkong reflected
This
over $
Bank shares, January 11 to 15, 1960, from the apprehension in order to give advice possible rise in the London bank
Fale.
The
market immediately reacted on fears that banks in
and assistance with any problems arising when All-Hongkong would follow ult.
Al the close there were slight
the
Market diary
ing in forms. Interested signs of recovery. persons should call American Consulate General: Telephone No. 35071, Ext. 220, for an appointment.
Monday:
The market opened strong for the New Year and there sustained en-
were
SECURITY 5%
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 is calculated on a Daily Basis-
le, 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.
Entrees paid without deduction of limited Elægdom incume sam Write today to the General Manager for your copy of "Bank Deposit Account" booklet No." AQ.74)
LOMBARD BANKING
Bipod Pics:
LIMITED BANKERS
LOMBARD HOUSE, DUZZON SYRÉNY
PARK LANE, LONDON W.
Tathamy: 900 4110 (30 Ruper
Ázsociated Bank J LOMBARD SASKUD (SAN SARTI LID ED. COX 7993, 3100KS FLOON FILATION HOUSE, RAFFREY QUAY
A World-Wide Bank hat and Podaci Ormanitarian
quiries resulting in alt higher rates round. Turnover Approximately
market
creased and prices extended their guins notwithstanding
some substantial profit-taking which WD 5 comfortably absorbed. Turnover was $4,304,000.
Wednesday: The
Thursday:
reacted
stock market on bront-
taking during thr
half day cession with losses regis- tered In most At the counters. clos there ap- peared to be more interest. Turnover WD3 approximately $1,908,000.
The market Was depressed by the substantial drop in Hongkong Bank London registered shares. Volume of business transacted vos approximately $2.530,000.
HONGKONG
STOCK EXCHANGE
by
Our Own Correspondent
HK Trams
Blar Ferry
175
011
130b
-250
New York market suffers
New York, Jan. 7.
Eisenhower
more
Tight money fears and a deflationary State of
Union Message by President brought a substantial decline in stock pricesi today, which, tacked onto yesterday's losses, Kennecott Cupper crased the sharp gains into new high territory | Kimberly Clark on Tuesday.
Trader sentiment was dampen- |Crown Zetterbach
Cuban Amer. Sugar ed by the expectation of Pamond Alko sible advances in both the price Diamond Gard
| Distillers-Seagimen il and discount rates,
Dominion Stores Douglas, Akrer att
Cherrick ........ Dupom de Nemours Eastern Air Line Eartman Hodak
The downgrade of the past sesions was disappointment to the bulls who saw in Tuesday's elims in new peaks the resump- ion of new bull market,
Steel issues were depressed by President Elsenhower's call for both management and labour to go all put in their efforts to avold price boosis. Nateral Steel and three Amoco both fell around points, U.S. SHeel more than two, and Bethlehem, Wheeling and Hepublic cound a point each.
AN EXCEPTION
American Motors continued a robel in the cats, rising around three points while Chrysler lost and Ford Rnd about one, General Motors dropped large fractions,
Business done at the Hong- kung
this Electronics continued to And Stook Exchange
going in the New Year, morning amounted to
appro-rough
down ximately $1.345,000. Noon quota- with Texas Instruments tuns and the morning's trans- more than three after being off 23 much as seven at one time. actions:
six points, General Time fell Brasing the gain made yesterday following announcement of stuck split and dividend boost,
Today's volume was 3,310,000 shares.
Sharel BANKS 1k hank
Dayers Sellers
1770 1583
Sales
99 63173 10 1173
Weleyba
INSURANCES
Unlin
N3
SHIPPING
21
Wheelock. G.IS 1.25 40034.15
K. 'Wharf.
148 131 Dock
373 Prov.dent 13.00 17.80
Tulkoo Dock (0.75 LAND. ETC.
IX tel. 33.75 34%
HX Land. 40 40%
1000 8.13 9000
2004 56 1000 à 17:00 375 of 17% 1000 17.00 2300 17.00 300 10.75
603 47 24 260024
2439.73 *200 (40 200 40
Humphreys 23 2120 000 e 21
אוגי וכת
C. Light
3000 #21
50 21.30
250 or 21
1.33 29100 125
10:00 - 1.3k
Of a total 1,233 Issues traded 351 were higher and 019 lower, American Exchange volume was 1,490,000 shares.
Bonds volume amounted to $5,040,000.
Dow-Jones closing averages
were:
no industriale 20 rale ... |15 11lities
ES stocks 40 bonds.... Comm, future prise
index
Closing prices
Abitibi Pur, & Paper
Alden Inc. Acy. Algoma Steel Corp. Allied Chemicals
Allied Milis Inc.
Allis Chalmers
677.00
Paso Natural Cas Family Tinwesce Corp. Wirestone Tyre & Stubber First Nat. City Bank Ford Motor Co. of Cans, Ford Motor Georgia Pacific Generst Dynamies General Mectric
Foods Motors
Kansas C. Power & Light
Liggett Myers Tob. Co. Llty Trap Lition Ind.
Lblow Groceteras 6315 Lockheed Aircraft
Lone Star Cement Co. Lowenstein & Sahs.
McDermott J. Hay
National Biscuit Co.
National Lead
National Steel Corp
49
losses
Safeway Stores
00% Saint Reg. Paper
69 Schenley Inc.
Beot! Paper
68 Sinclair Cit
50% Smith, Kline & French
Socony Mobil O
51 Solar Alteraft...
South Puerto Rico Sugar Southern Ca. (The
Tradera Paner
Warrants
6254 Tri-Co Century Fox Fum
ADI
42.
19
497
בוא!
Steel and engineering shares particular brightened up tol- lowing a downward trend during- the past few days, Several lead= | ing electricals Improved Fords were strong in the molor division.
And
Gold shares registered a nuni- ber of losses though there were occasional firm späts on Amert- ean buying. Coppers were irre- gular and oils eased to close mainly lower on balanes.
The Financial Times. index was 332.8 1.2.-AN,
Closing prices
Giftedged Bands
British Transport #
1935/80-
07-7/10.
Conos 2-£9/10,
Consola 4-£73.
Conversion Loan
PG0-
Funding Koon www. 1959/09- CHU
Funding 271-1/18
Stock 35%,
1700/2004-
Funding Loan 4. J904/MO—-A13, Savings 3 1036/63-92-7/18. Saving 30, 1900/10- FRI. Savings 20%, 1965/78-2704%
Banke
Darclay' Bank "A" Ltd ord→→ પ.
Chartered Dank--004 Bd. Hong Kon Werlininster Bank "A" 12 Non-Cumulative-dis 34.
Insurance
Union Insurance Canton-E3-11-10,
Afterall and Moistu
Brith Motor Corp. Ord-23 1:40. De Havilland Alrerate 21x p Ford Motor Co-11 10340, flowker Siddeley Group
Rooles Ltd "X"~ila 10?5d.
Cret
Standard Trovaph International- Il d
Breweries
Divers Co-Jia Dd.
Birlie Sicel Lid-478." Vickers 370 9.
718.
Food and Tobacco
British American Tob. Co., Ltd-- perial Tobacco Co., Ltd-10% bd.
Mellaneous
107
30
Southern Natural Gas
321
McDonnell Aircraft
Southern Railway (Oct.)
Standard Brandy
ROLL
3096
Mesabi Iron Corp.
18
Standard Oil of Cal
Mineola Mining
170*
90
Standard Üll of ind,
25415
Minions Developinent
Standard Oil of N.J
Maison Drewery
481
21034
Monsanto Chemical Co.
$2
42
Montgomery Ward Mutura Ing.
51
Steel Co. of Canada Steep tinck ... Sterling Drag Co.
171,5 | Stokely-Van Camp.
78
Buliding and Materia's Associated Portland Cement
14. FOT.
241% done & Webster
Pinehin Johnson Associates Ord-
National Cash Reg. A
60% Budebaker-Packard Corp.
*
Dd.
570.4
National Dalry Prod.
479% Sunshine Mining
1031
Swift & Cu.
5242
Texp Co....
Coa), Birel and Engineering Daboock &
New York Central
30%
Textron Inc.
M
9736
Noranda Mines Ltd
481
Thokol Chem.
103%
Norfolk Western Ry.
102
Tide Water QA
North Amer. Aviation
37
Time Ine
433
Northwest Airlines (Com
29
774
Olin Mathieson
Oil Elevators
8441
23
Owen-Illinois Quim
305
B
Oxford Paper Co.
4076
Pacific Gas & Elec.
m
Pan American Airways
Paramount Pictures
· Parke Davis Co,
Corp.
Penny J. C. Co.
127
3414
Penn, Salt Co.
30
Philip Morrla
21
Piney Bowes
33
204
47%
Procter & Gamble Co.
1001
38
Pittsburgh Piate Glas
11
Publicker Industries
10
48
Pure Ou
36
Waukesha Motors
45
82
Radio Corporatien
ថ្ងៃៗ !
Westinghouse Air Brake
31
3
Radio Corp. Fre!,
611
Westingholme Electri
11092
442
50
C81; Winn-Dixie Stores
Western Unten Tel. Ca Wat Ya. Pulp & Paper
56
--- 31.
2016
| Woodworth (KW)
Blores
50% Zenith Radio R1
Univerzal
Slates
"A"
Gen. Pub. Util. .......... Gen, Tyre & Rubber Geity Ol... Ondon Co. Goodrich (F) co Goodyear Tyra Grumman Alecraft
u Oi!
ammond Organ Heyden Neuperl ram Walker Homestake Mining Co. Hum Refrig
Idaho Power
Imperial Oil .... Imperial Tobacco Ingersoll-Rand
Inland Steel Co.... Interchemical Corp. Int'l Business Machines
Int Harvester International Nickel Internation Paper Ini Trí & Tel Johns-Manville Co.
Raytheon
409 Repubile Steel.
Brynak Metal
Royal Bank of Canada
Sears, Roebuck & Co.
100
134
37
4771
Shell Oil Co.
Yesterday's Closing
Union Carbide
Unica Où of CH.
02 Union Pace Radway
United Aircraft
41% United Gas Corp.
4U.S. Fou
VA. Gypsum
V.A. Line Co.
GU.S. Rubber
US, Smelting
U.S. Sted
7814 U.S. Steel 7 P.C.
Warner Bros...
***UPI.
COMMODITY PRICES
METALS
20% per ib.
481 Lead
8046
114
Jan.
Mar
2812 Zize
J-L
619 Mer.
NEW YORK
LIVERPOOL
Closing prices all in pence per Jb.:
American Contract March/April: 22.70; May/June: 251 July/Aug: 27:30: Oct/Nov; 21.75: Dec/Jan: 21.70.
Axed Contract
RUBBER
Mar.
SUGAR
Bpol-it.ob. Cuba)
all in
Total Saite: 398 contracte.
Open interest: 8,967 contacts,
Boardman Marion Ltd-48 $130. Brities Oxygen Lid. Ord--€24 D. Canadian Pacific Dunlop Rubber Comits End. Hongkong & spuna Gu-NE Imperial Chemical do
Lyons & Co-Sle 3d,
Untiever Lid-137: 96.
Paper
75%0.
Bowater Paper Corp Ord---751⁄2 34.
Padio and Associated Electr
04. Flectrical & Musical-54 30.
Cols 34.
Engluh Eachoving
Co.
Indo Chian Steam Nav. def Onavigation del ord
P&O Steam
„Great 130%
She died
Marich & Spencer Ltd--728 11:4. Woutworth P. W. de Co-din od. Textiles
Healty RUBBER
1.573
Closing prices, all in
cents
Singala
4 15
3.50 3.70
4.30
March/April: 23.30) May June 21.30, July/Aug: 23; Od/Nov: 25; Dec/Jan: 21.26----UPI.
NEW YORK Closing prices
cents
per 1b.:
11,30
Contenot No. 4 (world)
11.32
March
May
UTILITIES Tram Yaumatt
July
$1,07
3271
133 13: 20.33 30.40
34 3000 A 34
30%
12.18
Seut
Ain. Brake Shoe
Oct.
Copper
Jan.,
200 132
American Airline
2000
Ain, Cabis&adio Corp.
123
Mat.
23.30-31 31.00
100
20.10
American Cyanerid Co.
LONDON
1000
20.30
Amer. & Forge, Power
912
40
Closing prices, all in sterling |
174
per lung ton
Buyers Sellers
NEW YORK
Prin
100 24.10
Am. Natural Gas Anterican Soclung
Spot
703
194
#2
3-morghi
783
785
Rex rubber futures closing prices, all do cents per lb.
Blat,
May
July
6.30
Ani. Sugar Ret..... American Tel & Tel
2811 Copper
Bept.
8112
Spok
253
23374
Spot-(CHI NY. ex-July)
American Tab.
10202
3-moni!!
2491%
Anaconda Copper
723%
Jun.
April
Zipe ist half
Jan
14
Apell
1100 20.30
Am. Gas & Electric
20.47 2015 2000 28 48 Am. Home Pray
Elettric
New 25.10
"
Macao E 11:40 Telephone.
33 334
100 a 28.50 Am. Mach. A
American Eclat
65 21.10
300 a 29.20
700 12 291% 3000 33
30.73 404 1700 5+ 40
14
INDUSTRIALS Cement... Repe STORES, ETC. Dalry.. 22,50 231}
WELKOTI
*7,30
1500 et 27 40 1000 @ 22.40 1050 236 Gr 22.40 1000 @ 24.40.
L. Craw....
Kweng S, 11.
COTTONS "Text
27
154
21.30
6 27.30
9.00 1000 $1
Nanyang nd
MISCELLANEOUS
Vibra
INVESTMENTS
Allled.
13.30 1000 14.00
3000 18
Armeo 164
Armour
Asbestos Carp. Allas Cons, Mining Baldwin-Loma-Harn. Baltimore & Ohlə Bank of Montreal
Bank of Nova Scotia
Deech Life Bavors
Bell Telephone
Beneficial Finance
Bendix Aylation Corp.
Benguet Con
Bethlehem Steel
Boeing Airplane
Borden (The) Co....
2000 of 15,10 Horoughe Adt Machine 1000-
18.10 Drilish. Amer. Ou
Britan Columbts, Elec. British Columbia" Pwr.
Calif. Packing_Corp.
| Cana. Ak.. of Coaturi.
| Cats. Browners
Campbell Boup Co.
Canadian Pacific R.
4.00
8.40
2000 4 3.45
| Cilanese Carp
Exchange rates
wisficial
Cs). Tractor
C. 1. T. Farmacial Corp.
Chase Manhas, Bank
Cheynier Bisdown
Chiett Peabody
done in the local Colgate-Papay
#fchange raatkat 117. Kotoribran. Certori Co.
Commercial
indrning at the following raid
US dollare (per $12,
Starting Buten" (per" &1) Awarsilan hole (pak. 3), *** Indonesian rupiah) (par
4. Congo
877 Lead Jat half
481
COTTON
NEW YORK
Jon 2.75: March: 40.50-55: May: 3945: July: 38.25; Sept: 3750; Nov:
37.05.
SINGAPORE
Closing prices all in Straits cente per . fo.b. Malayan porlo:
No. 1 Jon,
Web.
No. 3 Jan
No.
No. 1
Spot rubber unhaled ***
Blank crepe
No. 1 pale repe
LONDON
13836-11574
114-11812
31436-3154
114-115
113-11615
11834-11022
113-118
130-23245
Closing prices. all. In pence
Closing prices all in cents per per ib:
1b.:
No IR spet
Settlement house torm:
12.95: Jap Epot: 13.05 Gen; March: May: 33.08 July: 3232; Ort: 31.31; Dec: 3122; Mar: 5137; May: 31.72.
NEW ORLEANS
Closing prices all in cents per lb.:
mob.
Feb/March
April/June
JULYFSIOL. Ocf/bed.
3415-343
33-621
„General marketi, cik, baur, porta; Jun. Spot: 21.15: March; mo; May: 33.14; July: 2233; Oct: 3131: Dec: Feb. 31.34 MET, 31.00: May; 31,7), Estate erype un an
(Closing prices all in cruzotro por: kilo):... :
All-unquoted
Contract No. 6 (domestic)
Total Sales; 000 contractN Open Interest: 1,858 contracts,
FOREICA EXCHANGE
NEW YORK Closing rates: Cranda
England bekçil
+
30-days
PO-day
Australia New Zealand Boulb· Africa Beladus
Obers unetanged.
LONDON
329204
Closing rates:
muck Feb. 1. AMSTERDAM
Kaw Vark
Montre...
per, kilogram, edit, Jang Average prics in U,S,- st. 14 | No. 1 rupset
Ps designated apoi market;
31,893 nbber
No. 1, rubber.
Total sales: 59,840 baima
WHWA | KRĀNA SET
1,04 10/10
2.7902
2.8010
2.8008
7.7892
2.8005
2.00 15/16-2,01 2,10
•*7371 --17M
Coala 7 & P LEMAK DA Courtaulds Ltd-Bla lyd.
Mines
Cone Golddekia of South Africa-
Jon Zine Corp. Opd-10% 3d. Hongkong Tined
Peining Tin-78 4:53. Hand-Jood.
Bouthern
Com Lee D.
Valon Corp 5 Tid.
West briefontein Doldmining** 2019 bú cor,
B
Bertie
Byndicate-01a, Bd.
British Petroleum Ca
BJ 415d.
Burnable.
Patrola
floyal Dutch Petroleum--~1.2.8 Bell Transport & Tradies unfam Fleuter.
U.S. INVESTMENT
QUOTATIONS
The following are US. In- vestments in American dollars. Buyers' prices includo commis- sion:
Amiliated Fund Am Bus Blue Atom Day Stạt
Axe Hought a Bullock Fund
Coeds Gen Fund Canadian 74 Canadian Int.
Growth
Chemical P
Block
Dreyfus Fund
Sellers Buyer
11.01
14.36
15.20
Eaton & H _Atock
24.79
Electronics Iny
Found Mut purus.
31.10
Ent Found
Hamid HC-T
Telit Orowth
Eestis Incom
By Tr Boston
Cystone Cut B Regione Canada Masa iny 2y Mam Growrth Nit Boy Ger:
Growth Boudder B Toley Valyo
Fd.
V. PAY Wellington P
4.43 3.90
Agreed merchant
rates
Canadian Dollars Maximsim selling 10-9/10 Minimum buy- waxing 16-13/14 T/T, 10-7/8 0/6.