NOTICE
THE HONGKONG & YAUMATI FERRY CO., LTD.
TIMETABLE OF FERRY SERVICES FOR CHINESE NEW YEAR PERIOD INSIDE HARBOUR
SERVICES:
The undermentioned Sur- →→→vices will be extended up to 3.00 h.m. on the 26th and 27th January, 1960 (L.e. early morning of the 27th
28th).
Jordan Road Service
Wanchal Service
Mongkok Sarvice
Shamshuipo Service
and
Western District Service
Kowloon City Service
OUTLYING DISTRICTS
SERVICES:-
Cheung Chau Ferry
Service:-
BUS-
The 4.00 a.m. forry from Cheung Chau to Wilmer St. via Aberdeen will be pended from 27th to 30th January, both days inclusive.
Bus-
The 5.00 p.m. ferry from Wilmer St. to Cheung Chau via Aberdeen will be
to 29th pended from 20th January, both days inclusive,
Tal O Ferry Service:--
The 4.00 a.m. ferry from Tai O to Wilmer St. via Aberdeen will be suspended from 27th to 30th January, both days inclusive.
The 1.00 p.m. ferry from Wilmer St. to Tai O vin Aberdeen will be suspended from 20th to 29th January, both days inclusive,
The Excursion Perry to Tal O will be operated on Wednesday, the 27th Junu-
ATV:-
Leaving Hongkong at 8.00 a.m. for Tai O calling en route at Tung Chung. Returning from Tai O at
6.00 p.m. calling en route at Tung Chung.
Tolo Harbour Ferry
Service!--
THE CHINA MAIL, FRIDAY, JANUARY 23, 1960.
WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE.
London closes
REPORT WEAKENS MARKET lower
Shares of power * The companies take a jolt
The Stock Exchange was dominated by the report of the Electricity Inquiry Commission yesterday resulting in over 60,000 shares of Chino Light and HK Electric changing hands at reduced pricos.
China Light dropped
from per sbare of China Light and
which coincidenlully
$1.20 to $18.30 closing at $18.50 $26 per share for Hongkong
while Electries declined from Electric $21.50 to $23.00 and closed $24.10.
at were the closing rates for these two shures on the day botore the Most utility counters especial-report was made public. ly Trams and Telephones show- ed fractional losses in sympathy. Other
counters were Also affected. but to a much smaller Friday: extent.
report?
The roport
Market diary
And what of the Comanission's
opinions ex- Here are some pressed among financial circles: One said: "There is no pre- cedence for nationalisation and Monday:
free enterprises, destroying they do it to our they will have to do it to others."
If
"Government has In the past rejected recommendations by Commissions-such as the rent Commission 1 don't see why they should adopt the Electricity Commission's recommendation, Tuesday: said another.
"Nationalisation is currying it a bit too far and I doubt if Government will go all the way. A control of rates and sur- be quite suffi- charges would jelent," said an industrialist.
And so it appears the report | Wednesday: among certain circles exnetly Favoured.
The blame
is
not
The blame does not lie on the
On the 28th, 29th and 30th Commission. January, 1960:-
They were faced with the job of Anding some sort of control exactly were not but they
The morning ferry will helped along the way. The de-Thursday:
leave Tulpo Kau at 7.45 cision they arrived 1 is under- a.m. instead of 6.30 a.m. standable
attitude
the and and will leave Tap Munadopted by the two power cum- panies did not help matters.
at 9.30 am. instead of Theirs was one of all or nothing
with no attempt at compromise. 8.00 a.m.
The Commission's job has been Hongkong, 20th January, done and the buck is now passed
-1960.
OFFICIAL NOTICE
Proposal to change a Ship's
name
I, Yun-Shia Zoo of 12A Kai Yuen Terrace, 3rd f., HK., that in hereby give notice consequence of Change of ownership, I have applied to the Minister of Transport under Section 47 of the Mer- chant Shipping Act, 1894, in rospect of the British Stewn Bhip RIVER CLARENCE, of
KONG HONG
REGISTRY Official Number 174699 Gross tonnage 5031 tons Reglater tonnage 2662 tons, heretofore owned by Australian Coastal Shipping Commission for per- 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 Tho World-Wide Steamship Co., 3td.,
Ноиво, 420 Marina Hongkong.
Any objection to the pro- posed change of name must be sent to the REGISTRAR OF SHIPPING at HONG KONG within SEVEN days from tho appearance of this advertian- ment.
Dated at HONG KONG the 20th day of January, 1960,
The World-Wide Steamship Company Limited.
To ADVERTISERS,
for
BUNDAY POST-HERALD Присе
commercial advertising should bo booked not later than noon on Wednesdays. For the South chinA MORNING POST and thi OHINA "MAIL, 48 hours before data of pubileation. Special Anasuneemmate and Clamiffid" "Advartise mante as unkn
back to Government.
And what will Government do? Are they willing to pro- duce $220 million for Light and $200 Hongkong Electric
China
mulion
for
these
520
As a point of interest two amounts work out at
market นคร
Anctive with Banks, Taikoos, Providents, Hotels, Lands and Cements showing
some improvement.
T
Turnover was little over $3 million.
The market closed steady to firm with fractional als
predominating, Volume of businesa transacted was ap- proximately $1,890,000.
IK Bank Lombard Union Wheelock
IIK Wharf
11 Docke
Taikoo Dooks
Provident
share
Dec. 24
market
17.20
glance *
Dividend
Boim 318
London, Jan. 21. The 'raising of the British bank rate from 4 to 5 per cent led to widespread markdowns in the London Stock Exchange today. Selling pressura พว nnt
but greet,
quotations were Jowered all along the line as a
precaution against dumping to realise copitel for more pro- fitable investment.
U.S. doller stocka once again Anished on the minus side in response to the continuing heaviness in Wall Street,
Gold shares were weak, da- monds lost ground, and oils were
| irregular.—AP.
at
Doc. $1
JAK: 7
Jan. 14
'Jan. 21
1005
1165
1205
£180m
Lp or
Down +$18
Yield (%)?
4.2
386
30
39%
9944
39b
-264
5.1
88
DE
94
14.
93440
---500
$3.40
3.9
5.70
0
6.15
0.15
0.10
-Bo
BJo
141
140.
16Gb
148
1490
aleady
KA
8.4
5735.
5714
58
5714
50
-$1
15
8.8
3012
30%
40%
42
428
ready
$2.80
6,8
10.80
17.40
1/2
17.40.
33
3314
334
335*
+200
$1,10
6.2
3834
+250
$2.50
7.3
3812
387%
2044
40
4133
-$1.75
$2.40
1.0
1.40
1.43
1.525
1.525
1.525
steady
150
9.7
- 3246b
34
3394
✓-3334
331
+250
$2
6.9
1400
1996
1456
143
1470
+$2
59
4
128
130
131
131
130
10.00xd
19.70
20.20
20.20
13.80
31.40
31.10
5.8
0514.
25.20
25.60
20.40
20
20.10
-$7.90
$1.00
7.0
Consola
23.00
24.20
25,20
24.70
22.70
--- $12
3114
3211
324
324
32
-500
$1.75
5.5
30
99%
40
403%
-424
+$2.75
$3.25
7.4
20.90
21.00
22.20
22.30
23
+70c
$1,55
0,0
1914b
22
ZZ
21.80
22.20b
+40€
$1
4.4
Lane. Crawford
2015
22.30
27.30
2736
27.30-
+++20c
$2
7.3
Savings 3.1055/03-01
Int'l Investment
Allied
0.300
4.55b
8.80
0,80
6.701
+100
05c
9
Savings 2%, 1950/757JE
B.15b
5.201
5%
5.35
5,00
250
4.5
Banka
ord-dos
HK FK Iny
12.701
12.70a
12.70n
19.90
13.90%
steady
000
0.5
Textile Corp Nanyang
0.10
DV
9.45
0.30
0.35
+50
6.8
13.80
16:30
14.90
14.909
14.50
700
4.8
HTC Hotels HK Lands HK Really HK Trans Star Ferry Youmails Ch Lizhi Electrics (old) Electrics (now) HK Telephone G. I. Cement Daly Farm
A. B. Watson
HONGKONG Wall
STOCK EXCHANGE
by
Our Own Correspondent
Business cono at the Hong- The stock market | kong Stock Exchange this morn- closed on a buoyanting amounted to approximately note with most 300- $2,590,000. Noon quotations and tions dealt in at the morning's transactions: Improved prices. Ahatex Buyers Sellers Turnover was ap- BANKS proximately $3,520,- INSURANCES
000. The
market
KE
Union..... dis- SCOPING
Whorlack played a firm tone, DOCKS, ETC. in activa
trading Dock...... with 4 few issues Provident. showing some small Tulkou... advances. Among utility counters LAND. ETC.
lik Hotel Electrics, eased off Land somewhat. Business
transucted amount-
ed to $1,625,000.
The market
dominated
1158 1170
34
0.30
Sales
Bas 700 00
172
200 41
40% 41%
was tumphreya 20.20 during
the day In the trad-
of Hongkong Realty
ing
Electric and China
Amalg TRUSE UTILATIES
Light shares following the pub- RUBBER lication of the re- port of the Electrl- elty Inquiry Com-am mission." A drop of j
Star Terry about 10% was re-
Yaumati corded but at the elose rates harden-c. Lent... ed somewhut, Turn- Over was
appro ximately $3,333,000.
IT TAKES ALL
KINDS TO MAKE
A WORLD
**
300 41
200 (
41
SATO $1.75 200 in 41.13 41.73
1400
9001 ut 4.75 2000 41.73
120 25 300 21. 1000 or 21 1.50 1.325 20000 r 135 10000 G 1.525 15000 1.525
-**
holds on
Street holds to early gains
New York, Jan. 21.
Stocks encountered some selling again toward the close today but managed
The
to hold on to a good start of their early gains and finish on the upside for only the third time this year.
to
the
Imperial Q
Ingersoll-Rand
Inland Steel Co. Interchemical Corp.
rise was considered a Gulf Oli ** technical
the ammond Organ one following
Heyder. Newport Corp. declines of the previous Sour
Hiram Wal sessions. The fullure of tred-Homeslake Mining Co. ing volume to increase along Hussman Refrig. with the rise in prices broughtIdaho Power some disappointment bulls, however.
Firmness was brought into the industrial average by gains Du of around two points in Poat and Union Carbide, and about one in U.S. Swel, Chrysler and Alcoa. International Paper countered with a loss of more
ond,
† than one.
Electronics held the spotlight with General Tine Magnavox up around two, and Ampex and Collins Radio
around 114. IBM, however, lost about three.
Int'l Business Machines
Int'l Harvester ... International Nickel International Paper In Tol & Tel Johns-Menville Co
Kalver Industries Kansas C. Power & Light
Kennect Eupper Kimberly Clark
gauit & Myers Toir. Co. Cily Tulip Litton hd.
Lockheed Aircraft Loows Incure..... Lone Star Cement Co.
Lowenstein & Bens.
McDonnell Aircraft Memahl from Corp. Minnesota Mining Mission Develop
Steels received some support with Harso, Wheeling and Lukens each held around onc With the exception of Chrysler,
Monsanto Chemical Co. autos held around their pre Montecatini
close. Rally showed Montgomery Ward 32100032vious
---600-443144 gains ranging-to more than a Motorola Inc.
4510
300 * 1.355
2000 40 450
0.30
3234
143
120
17.00 17.00
point.
129 300 120
Today's volume was 2,700,000 1000 w 129 4000 7 10 10 shares.
0040 18.20 of a total 1,227 issues traded 2000 18.19 531 were higher and 458 lower.
GOOD k in
1000
7.
2300 A
0000 12.00
500 17.70
2000 4 17.80
1500 G
47.60
23.00 23.30 130024
Amerlenst Exchange
was 1,090,000 shares,
Bonda volume
$1,200,000.
Closing prices
| National Blocult Co.
National Cash Reg. "A" National Dairy Prod. National Lead
National Steel Corp. New York Central
Nortelk & Wastein Ry.
394 Radio Corporation
5645 Itadio Corp. Pref. 15 Raytheon
347, Republic Sleel,
419); Roynolds Metall...
20
Royal Bank of Canada
4714 Itheem MSE.......
302 Seans, Roebuck & Ca.
Safeway Stores
7DTL Saint Heg Paper
44
41
420
50
Scott Paper
Sinclair Ol
Smith, Kiina & French
Socony Mobil Off ........
1024 Solar Alteratt
122 | Youth Puerto Rico Sugar
Southern Co. (The). 4832 Bouthern Natural Ga
Southern Railway (Com.) 48% per Brands
Rand
14
DATS
07
49
Standard Ou of Cal Standard D of Ind
50% Standard Oft of NS.
002 Steel Co. of Canada
Sterling Drug Co.
29
2016 Stokely-Van Camp
294
Stone Webster
187
Sunshine Mining
*
38
Studebaker-Packard Corp,
Swit & Co.
105% Texas Co.
20
辐
2041
<
10105
Textron Inc.
hiokal Chen,
Tido Water Oil
Time Ine......
Tri-Cont. Werrante
649%Twentieth Century Fox Tim
TV
40
Union Carbide
United Aircraft
0234
奶啦
Closing prices
Giltered Bonds
British Transport
Console 473.
1078/08-
Loan 3
1900
Funding Loan 3%, 1052/00-—BJ] Finding Stock 31 1999/2004 —
Funding Loan 4%, 1900/00-02}L.
3. 1000/70-9.
Barclay's Barik "A" Leg
Chartered Bank- 31.
Hongkong Cazis
Moyd's Bank A-008.
Buran.co
Union Insurance Canton-20-13/10,
Alteraft and Motors
British Motor Corp. Ord-22 04.
Do and Aircraft-304 Gd. Ford Hawker Sickleley Group Ord-la 41%d,
Rootes Ltd "A"--19a_90.
Standard Triumph International 21 150
Breweries
Datiers Co-30
Ju.
J
Bulding and Materials Associated Pirtiend Ceient-Ast
Pinch Johnson Associales Ord-409
teal. Steel and Engineering
Babesck & Wilcox Ltd- 4150. United Steel 10,
Vickers 30W 4155,
Food and Tobacco
British American Tob. Co., Ltd.
07.
Enperial Tobacco Co.. Lu-709, Misenlianepus
Boardman Marden Lido Bd. Bekish Oxygen Lial. Ord-61 30. Canadian Pacific_Aly-HTA.
De La Rug Co. Ord=70. Dunlop Rubber Co-a. Hongkong à China Gas-15s. Imperial Chemical-50 100. Lyon & Co-0184 Unilever idd132 Dd.
Paper
Bowater Paper Corp Ord-700 94. Radio and Electrical Associated Electrical-G3s (d. Electrical & Musleal-60% 1d. English Electric Co-489, General Electric- 30.
Shipping
Indo-China tzrc==399 41d.
Bloom Nav, Co. def
P&O Steam Navigation det ord 478 04.
atores
Great Universal Stores "A”—48x 101d.
Marks & Spencer Lid-ens s0, - Woodword F. W. & Co 038 siid,
Textiles
Coats J&P Ltd-32 4340. Courtaulds Ltd--006 TIGA.
Mines
Cons Golddels of Bouth Africa-
93 d.
Cons. Zine Cory, Ord- 70
De Boers def102
DL
Hongkong _Tim-də $140.
Southern Kinta Cons Ltd--30#.
Union Corpāna 36.
Wert Drielamoin Goldming-193g__
41
34
144)
30%
British
2017 | 7164.
317
410.
Ou
Petroleum Co., Ltd-58a
Summon the 1044.
Shell
Dutch Petroleum-215-29/72. Transport & Trading-16
-Router.
Exchange rates
Union Oll of Cal.
4334
Valon Pacific Rallway
99
United Fruit ....
293%
volume
Noranda Mines Ltd.
457%
United Gas Corp.
US. Foil ""
100
North Amer. Aviation
US. Gypauna
amounted
to Northwest Airlines (Com.)
263%
U.S. Line Ca
Olin Mathieson
4914
US. Rubber
Otis Elevators
U.S. Smelting
31%
Oxford Paper Co.
4015
US. Skel
Dectric Cua A ales
U.S. Steel 1 P.C. Pr
0182
$384
Pan American Airways
20
Warner Brow...
10
47
Parasol Pictures
Waukesha Motors
4214
#100 or 2390
38
Parke Daryl Co.
Westinghouse Air Brake
30
A was done In the tocal Unofficial exchange market ปป
1700 on 23.03
Allied Chemica
10814
Penny C. Co
120%
Westinghouse Electric
1901
moming at the following rates;--
Allled Mila Inc.
37
Pallip Morris
84!
New 22.20
400 vr 23.10 500 or 22.45 200 234
Allis Chalmers
58
Pitney Bowes
Western Union Tel. Co. Wert Va Pulp & paper
57
02
Am.mky Blue
Procter & Gamble
Winn-Dixie Stores
VS dollars (per $1) ...... 4.CU Bierling notes (per £13, 20 42% Australia» notes (pre £1)
18.30
12,00
American Airline
2214
Pittatiurgh Plato Giles
Indonesian rupiah (per 100)
1.70
DOG 22.40 500 / 22.39
Am, Cable & Hadio Corp,
11
105
Shams ticals (per 100)
20.03
Amerloon Cyanamid Co.
Pure Of
-UPI.
Singapore (Escolta)
1.81
Am. & TorgL. Power
p
Macao F... Telephons.
Mectric
INDUSTRIALS Cement....
STORES, ETC. Dairy
Watson
1. Crow.
BUT ONLY ONE KINDON
IANOA
22:45 3134
500 23.00 Abitibi Pur. & Paper 2100 21.00 Alden Ing. Any.
2000 23.78
10031
3000
3194
500 311
44 500 g 413%
23 22.70 7100 a 22.00
30022
Algona Steel Corp.
Am. One & Eectric Am. Mech & Fdry. American Metal
Am. Naturel GRI American Emelting | Am, Sugar Rer.
American Tel & Tel American Tob. Antoonda Copper Armeo Stel Armour Asbestos Corp. AU Cone Mining 1aldwin-Lima-lim, Baltimore & Ohlo Bank of Montreal Bank of Nova Scotia Deet Life Savers Bell Telephone or Bendix Aviation Corp. 1000+ 19.30 Bentham Bleet
3000 2.70 1000 $ 22.00 500 g 22.60
200 27.00
9.25 2.45 2000 0.30
1414 2000 * 1430 ..14.20
OF DEPOSIT TO MAKE ISCELLANEOUS
A WORLD
"OF DIFFERENCE TO
Consistent
Interest
YOU
5%
Complete
Security
BANK DEPOSIT ACCOUNT
with
LOMBARD BANKING
Interest pold wiikane didaction of Untied Kingdons factuer dúr. Write to-day to General Manager for your copy of "Bank Deposit Accoun!" Booklet No. AD.74
LOMBARD BANKING
LIMITED - BANKKUS
Kid Me LOWELLER NEVER, OURDON STZEZT FAME:LANE, LAGOON W.1”.
INVESTMENTE KK & FE Invest.
13.40 13.80 1500 13 5000 G 13
U.S. INVESTMENT QUOTATIONS
The following are U.S. vestments in American dollars.
include Buyers' prices mission:
Cons
{Boring Airplane
Borden (The) Co. Burroughs Add Machine British Arner. Oil .... British Columbia Elec. Justin Columbia Pur. Calif. Packing Corp. Cam. Dk. of Comin. Campbell Boup Co.
Canadian Pace It. [Case (3,3, Co.
(Cat. Tractor
[Celeness Corp.
CLT Financial Corp.
Chrysler Motors
Cluett Peabody
| Colgate-Palmolive Co
Culombian Certion Co. Consmercial Credit
Consolidated Zobra
com- Consumers. Che sea...
[Continental Og of DEL Clonce Imperial MIL
| Crano"Copy
Crown Bierbach Cuban Atort, SUB Diamond Alkal Diamond und (200 DB44CT!# 2)plafon Biores Douglas Alporszí
El Chemical ....
de NemouEW
Publieker Industrien
Woolworth (K. W.)
Zenith Radio
Yesterday's Closing
COMMODITY PRICES
No. 4 Tebi
113.113735
Spot rubber unbaied key-118 Bicot crepe
1131-1241% No. 1 pale crepe ........ 130%-132}%
LONDON
Closing prices all in penco per
No. 1 Hus apot
Settlement' house term:
23 20:
July/Aug: 22.00; Oct/Nov!
22 90: Doc/Fan; 21.00,
2-METALS
SUGAR
NEW YORK
Closing prices all in cents per
Ib.;
-UPI.
Feb
Jan/March
23-24%
April/June
1b.:
Contract No. 4 (world)
Judy/Sept. Out./Dec.
NEW YORK
Merch
2.90-01
May
3,00
July
31-2 General markets, c... bada, purt: 1. Feb,
3314-3355 Mai.
Closing prices, ali, în centa per
Bepl
6.10
Lezd
Zine Jan.
JATI, Mar.
11.02
23.10
3014
12.15
3.70
2012
Marab
Copper Jan
32.76
Mar
3107-37
Total Baies: 1,500 contzwels. Open Interea: 0.010. goritracts.
Contract No: G (domosião) March
May
July
Rapit.
Spot-CAL, N. ex-day 20 Total Bates: 209 contracts Open interest! R455 construcla.
RUBBER
Bellers Dayers
Affiliated Tuni
7.12
At Bus 8hrs
4.00
437
Atom Day Mert
1.84
Axe loughton ...
9.19
Bullock Fed
13.14
1440
CADRON Gen..
14.02
11.48
Canadian
1427
38.09
Cansdiers Int drowin
9.17
10.00
Chemical Fund mann
12.17
12.08
Comwith Block
18.04
Dividend Sives
20
All Line. 2914
Dreyfus
Fund
14.at
10.10
Eastrians - Hodak
Jaton & low
Block 24
20.00
El Paso Takerui· Clas
Xectronics re
7.72
Temily Financa Corp.
Found Mu rund .....
11.73
Hall NC-7
Firm Nat. City Bank
Firestone Tym & Rubber
Jan.
10.70
1130
Ford Motor, Co. of Cana.
MAIH
11.20
Ford Motor
Choral Pariño ....
July
General Dynamics
Dept.
Nov
J
Found
ts: GTOWN All Incomes.... Inwest T Boston Reylose Cur B
Kaytona Canada
Kami Growth
Ny1 Bed Der Growth noucher at A Cl...
Wallington Fund ...
249 Gaberal Electrio
16.18
General Toode
General Motors
dan, Pub. UU. Clen. Tyre & Mubber
Getty 01
Glidden Co.
Goodrich (D. F) α
| Goodyear,
| Grumman Aftorget
*NEW YORK
Rex rubber futures closing prices, all in conte per lb.!
Estala crego Mun Keb..
thlek Fe AMSTERDAM
Closing prices all in guliders per jellogram, et.t. Feb.
No. 1 rubber quelations unchanged No. 2 rubber "abwe yaşlerdino,
COTTON
NEW YORK
Closing prices all in pento per
Spok. 23,95 nom: March 32.33: Max: 22.00 July: 3.05-06: Dot 11.06; Dec: 30.99 Mar: 31.43; May! 31.80 July: 31.10
H
NEW ORLEANS
Closing prices all in cents per
#pot: 8180; March: 22.00 May- 23.02 July 2000) Gol; 21.08; 40: 313 Mart 31.53: May: 31431) July! |
27,00
30.09
b
BINGAPOR Closing prices 2 in Sitalt cents per fob Malayon porte
A
· No. #
No. N
LIVERPOOL
Cosing prices all in pence per
American Coniruot March/April: 22.00 May/June: 32.00% July/Aug: 23.10;
11.99 Dep. Jan 21.30.
1
Mixké Conírnes
REarch/Aprili 1030:
Mor.
LONDON Closing prices, all in sterling
por long ton:
1
Spot
3-month
Cepper
Spot
3-monta
Lend 2nd half ran April Zing 2nd Hait Jess
Buyers Hear
TOZAL
193
700,
12014
300%**
24049
dy
FOREIGN EXCHANCE
NEW YORK Closing rates: Gerada
gland official
"
20-days 00-days
Oct/Nov; Austraila,
New Zealand Soufis Africa
Others wwhursted (+33)
2.6023