Pago Z
NOTICE
THE HONGKONG · AND SHANGHAI BANKING
CORPORATION
Ordinary Yearly General
Meeting
NOTICE 18 HEREBY GIVEN that the Ordinary Yearly General Meeting of the Shareholders of the Corpora- tion will be hold at the Hend Offèe of the Corporation, 1.
Central, Queen's Rond Hong Kong, on Friday, the 11th day of March, 1960, at Noon for the purpose of re- ceiving and considering, the reports of the Directors and of the Auditors and the Accounts for the year ended 31st Decomber, 1959, and for
THE CHINA MAIL FRIDAY, FEBRUARY 19, 1960.
WEEKLY - REPORT “
THE HONGKONG STOCK EXCHANGE
MARKET'S SPECTACULAR RISE
Brisk activity results in
record turnover
the election of Directors and A
OF
the appointment of Auditors.
REGISTER THE SHARES of the Corporation will be closed from Friday, the 20th day of February to Friday, the 11th day of March, 1960, (both days inclu- sive) during which period no transfer of shares can be registered.
By Order of the Board. MICHAEL W. TURNER,
Chief Manager. Hong Kong, 20th Jan., 1960.
NOTICE
* The share
HK Bank
Lombard Union
Wheelock
IK Whart
market
glance *
Dividend * Попив
Yield (%)
2,0
at
Up or
Jan. 21
Jan. 27
Feb. 4
Feb. 11
Feb. 18
Down
1180
1203
1196
1210
1315
++-$105
548
39140
3944b
400
4134
423/
+-$1.25
$2
4.8
9314n
#2b
9534
皱
500
$3.40
3.8
6,10
0.10
014
0.65
0.00
+250
250
3.4
1490
149
150
162b
170
+$28
#8
4.8
HK Becke
4634
58
5714
00
65
$8
7.8
Taikoo Docks
43
42
42
4834
+-$1.00
$2.80
Provident
17.40
18
18
16.80
10
+70c
$1.10
on
CEN
IIK Hotels
3344
3334
30
36
364
250
$2.60
08
HK Land
$13/
45
#539
49%
+-53.23
33.40
HK Really
1.525
1.575
1.075
1.05
1.70
+50
180
4.7 5.6
for
HK Trams
334
3371
3314
13
38%
+300
$2.05
Star Ferry
147h
145b
145
151b
+83
*D
130
135
133
135
+$10.
$B
18.80
10
18.00
19.10
20.60
-+-$1.50
$1.10
24.10
22.70.
24.70 23.300
28.20
24.85
+32.20
$1,90
6.2 7.2
22.90
23.40
25.30
+-$1.90
32
334
33
34
3514
++$1.50
31.75
4211
.44
4034
44%
45%
+31.25
$225
23
24.60
24.00
24.30
24.80
+800
$1.55
6.4
22.201
23.49
24,70
24.00
23.70xd
-900
$1,60
6.4
27.70
29b
20.40b
2914
3144
+32.26
6.4
Int'l Envestiment
0.70b
8.705
7.10
7,40
7%
+100
460
8.0
Allied
5.60
5.05h
6.40
6.15
0.00
+450
HK FE Inv Textile Corp Nanyang
13.90a
13.80
14.20
1414
15
+500
100
0.15
9.05
9.80
24.50
14.90
15.30
10.10 15.70
10.10
+20€
dic
10.20
+800
700
0.4 4.3
week of spectacular gains extremely brisk market culminated yesterday in a record turnover the last 10 years of over $5 million.
10
the rise
Storting Jost Friday
continued market throughout the week on a broad front."
The only reason that one can see for this rather sharp rise ia the influx of more money inte the market and the willingness of speculators to indulge in buying spree at high prices.
11
Attempta si profit-taking fall- ed to dampen the maritet and any selling bid was easily taken up.
Lands had a smart ring carlier on the announce- In the week ment of a new issue at par and a proposed bonus issue.
In atores, Lune. Crawfords came in for a substantial rise of $2.26 over the week.
Troms failed to make much
after the headway
expected Bonus Issue failed to materialise. Both the cotton and rubber sections were well supported.
Turnover since last Friday was a fraction over $19 million.
Market diary
Hongkong Banks touched their highest since 1958 closing al $1,315-a rise of over $100 on the THE BANK OF EAST ASIA, week, while Wharves topped the Friday:
LIMITED
Forty-First Ordinary Yearly General Meeting
IS NOTICE
HEREBY GIVEN that the Ordinary Yearly General Meeting of the Shareholders of the Bank
will be held at the Hond Office of the Bank, 10, Dea Voeux Road Contral, Hong Kong, on Saturday, the 20th day of February, 1960, at 12 o'clock noon, for the purpose of receiving and considering the Reports of the Directors and of the Auditors and the Profit and Loss Account and Balance Sheet for the year ended 31st December, 1959, and for
Lhe Directors and the appoint ment of Auditors.
$170 mark.
A $10 ripe was seen in You- malia after
around the $130s for some time.
Union Insurance was the only stuck to register n derline. And the announcement of a $1.45 final did not help matters dividend
had also sinco a better return been expected.
companies Rnd
Both the electric showed late improvement suddenly spurted up around $1 at the close yesterday,
Exchange rates
election of
Sterling. tolex (per £1)... Australian notes (per 1) Indonesian rupiah (per 100).. Som lewe (per 100) Singapore (Siraits)
Businem was done in the exchange
market unelelal morning at the fallowing rates: U.S. dollars (per $1)
local
this
0.71
16,93
$2.00
2.00
26.10
1.01
The Registor of Shares of
"PELEUS"
the Bunk will be closed from NOTICE TO CONSIGNEES Wednesday, 10th February. 1980. to Saturday, 20th February, 1960 (both days inclusive) during wiilch porlod no transfer of sharus can be registered.
By Order of the Board
KAN TONG PO Chief Manager.
Hongkong, 2nd February, 1960.
Damaged cargo ex this vessel will be surveyed by Mens Paulsen & Bayes-Davy. Ltd. at Holt's Wharf from 10 am. On Februsty and 23, 1960 and consignees are quiesteel la have their representatives present during the survey.
BUTTERFIELD & WIRE, Адерів Hongkong. February 18. 1900.
I
Monday:
Tuesday:
The market was brisk during the day resulting in a sub- stantiat turnover. Rates in many sec- tions showed night advances. At the close the market
appeared to be firm.
Yeumails
Ch Light Electrics (old) Electrica (new) HK Telephone G. I. Dement Dairy Farm
A. S. Watson
Lane, Crawford
1470
VIGOROUS
ADVANCES
New York, Feb. 18.
The Stock Market made a vigorous advance in
active trading today.
The market woB higher and Thirteen of the 15 most active
the start
advanced, following stocks
vue-Glen Volume of business active al
and one transacted amount-Wednesday's rally. The ticker Alden-declined,
as three Benguet--was unchanged, ran a much ed to approximately tape
Airst 45 minutes lato for the $4,048,000 The market made minutes as buying orders pour further
progressed in
with Banics,
Tro- vidents and Utilities
The Fuins were widened unul
when some in demand. Business final hour iransacted amount-profit-talding left some prices
under their best for the day. ed to $3,389,000.
market
ON
WALL STREET
Campbell Soup Co.
Studebaker-Packard (WhenCL Financial Corp.
active
Issued) was the most stock, rising 1% to 124 147,900 shares-AP.
Closing prices
AbÚti Pwr, & Paper ...... Alden Inc. Aey, ...
Activity in the shara The rise was on broad Algoma Steel Corp.
increased fro
most Allied Chemicals which included further and prices major
aktas of the market. Ailled MIM Inc. on most counters Motors,
steels, electronics, Aille Chalmers
Am. Brake Shoe extended their chemicale,
rails, American Airline. petroleums, gains. Interest was
drugs and nonferrous well spread and were well ahead, business was fairly
brisk. The turnover
on
Chrysler Martore
C
405
London
recovers
slightly
London, Feb. 18. The London Stock Exchange rallied slightly today after Wednesday's slump. But overall low buying demand left markets irregular.
Treders sow the better at- mosphere as a response to the overnight improvement on Wall Sirect.
Government bonds were gent- erally firmer and most dollar stocks were adjusted to slightly higher levels in sympathy with the New York Exchange,
Gold shares held their Own in sparso trading. Coppere gain- ed at the start of business," but failed to hold the increase
throughout the day,
Industrial shares. were gular, with Hitlo business trans- acted-AP.
Closing prices
Gledged Bonds Brilah Transport 3%.
Conuela 214-£&%}. Consols 4 £11-15/10
1
1970/38.
Converton Loan GUYS. 1069
Funding Loon, IN 1050/00- EBY.
Finding Stock 36%, 1000/2004– £70-13/16.
Vision Peele Railway
STIL
Canadian Packir 11. Case (J. I.) Co. Cat. Tractor Celmere Corp.
2634 | United Trait
2007
10%
United Gas Corp.
*
US. Foll "B"
20%
18. Gypsum
BOL
US. Line Co.
30% UB. Rubber
B0%
UB. Emekin
20-21
30
VS. Siecl
47
B. Steel 1 P.C. PT
140
Gall
Warner Bros. .................................... 91% Westinghouse Air Brake Pilk Wortinghouse Electric
unding
201
£0341/10.
4074
403
4014
444
63
UPI.
Cruel Peabody Colgate-Palmolive Co Colombian Carbon Co. Commercial Credi Consolidated Edison
GA
COC Oll of Del" Cosmos Imperial Mülle 30 Crane Co. A Crown Zellerbach Cuban Amer. Bugar 494 Diamond Alkali
443
Diamond Gard... Distillers-Geograma 1914 Dominion Stores Douglia ATCEREL Dow Chemient
21
metals Am Cable & Radio Corp.
American Cyarsmid Co.
101
$2
Am. Gas & Electric
Am. & Form Power
en
Am. Hume Prul.
105
Most gains ranged from a few
was approximately cents to around three dollars a $3,800,000.
Ant. Mach. &c F'dry, American Metal
American Smelting
of the share, but some Wednesday: The market
con-speculative issues were up tinued active and much as eight dollara. prices on the whole O 1,228 Issues traded, 807
arm. remained
advanced, 215 declined, and 200 though a few were were unchanged.
lightly marked Volume totalled 3,800,000 down
proft- shares compared with 4,210,000 | Baldwin-Lima-Ham taking. Business shares traded on Wednesday, transacted amount-
Thursday:
on
Dupont de Nemourn
Eastman Kodak
El Paso Natural Gas
Family Finance Corp.
Firestone Tyre,
Rubber
First Nat. City Banke
Ford Motor Co. of Cana, Ford Motor
Georgia Pacifie
General Dynamics
General Electrio
General Foods
Gen. Tyre & Rubber Getty On
403 | Gudden Co.
Goodrich
(B. F. Co.
more
Am. Natural Ga
113
4436
Am. Sugar Ret
American Tob
100
Armen Steel
Anaconda Capper
Armour
44
Asbestos Corp.....
2242 Gen. Pub. U.
Atlas Cons, Mining
9%
187
Baltimore & Ohio
the advance Bank of Nova Scotia Brokers viewed
Berch Life Savers the Beil Telephone .... continuation of technical rally which got under Bendix Aviation Corp.
6335
43
Tak
2014
Borden (The) Co.. Burrough Add Machine British Amer. C British Columbia Pwr. Calif. Packing_Corp. Cana. El. of Camm. Cana. Browars
$291
3146
Idaho Power
Imperia Ol
4036
Imperial Tobacco
al
1
ed to approximate- as
ly $2,707,000. The market
ad-
#1
venced on a broad way on Wednesday. It was also front in a day of helped by favourable business hectic trading re- aulting in a record turnover for the last 10 years of approxi- mately $5,342,000,
TOWE.
Among wide gainers were American Home Products, up up three and eight, Motorola, Pullman, up 4.
Bethlehem Steel
Denguet Cons.....
Boring Airplane
Yesterday's Closing
COMMODITY PRICES
METALS
Grummen Aireran Gulf Oli*******
Hamwoond Organ ******
Heyden Newport Corp, Hiram Walker
Homestalo Mining Co.
Hukman Rettig,
Western Union Tei. Co. West Va. Pulp & Paper Winn-Dixis Biores Woolworth (1. W.) Keith Radio
HONGKONG
31 | kong
STOCK EXCHANGE
hy
Qu«Own Correspondent..
Stock
Business done at the Hong
Whis Exetange morning amounted 10
$2,545,000. Noon proximately quotations and the morning's
11% transactions;
204
Bhares
Bayers Bellers
Bater
BANKS
30 1315
HK Banks.. 1300 1315
HIL INSURANCES
4744 131
Simion #1 Lombard ... $234 SHIPPING Wheelock 5.50
་
Liggett & Myers Tob. Co.
HOCKS, ETC.
US. at 14 Average price in designated spot markels: 32.05
centr
Total sales: 24,310 boles
LIVERPOOL Closing prices all in per lb.:
American Contract
AMSTERDAM
Closing prices all in guilders per kilogram, c.l.f. Feb. No. 1 rubber
No. 2 rubber
No. 1 crepe
3.23 buyers 3.22 buyers 321 Buyer 3.74 buyers
UPL
SUGAR
Ingersoll-Rani
Inland Eteel Co.
interchenical Corp.
int Buxiness Machines Inti Harvester .... International Nickel International Paper Int'l Tel & Tel
Julins-Manville Co.
Kaiser Industries
Konne C. Power & Lid
Kenneroit Copper
Humberly Clark
Lily Tulip
Kalian Ind,
Lockheed Airerett
Loews Incorp.
Lone Star Cement Co. Lowenstein & Bons.
McDermott J. Hay McDonnel Aircraft
1 Iron Corp.
Messi f
Minnesota Missing naturion Development Monmale Chemical Co. Montermuni
Prod.
Montromery Ward. Motordia e. National Biscuit Co. National Cash Reg. "A" National Datry National Legid National Steel Corp. Noranda Minion Ltd. Norfolk & Watom Ry. North Amer. AviationY Northwest Airlinen Ol Mathieson Otis Elevator
Öven-Illinois Glass
ford fuper Co.
(Com.)
20% X. Wharf ›.
NUBEEN 401% ABRIK.
SAO PAULO
All quoted.
NEW YORK Closing pricca, all in cents pur
15.:
Lead Mar.
11.20
May
11.00
Zine
Mar
11.70
Mar/April
May
11.02
May/Jurte
Copper Mar
32.36
July/Aug.
May
30.04
Oct/Nov.. Dec/Jan.
LONDON
Mixed Contract
Mar/April
July/Aug.
Dec Jan.
ACTIONS
SPEAK LOUDER
THAN WORDS
WHEN YOU OPEN A
BANK DEPOSIT ACCOUNT
WITH
SECURITY
AND
Tin spot
Semanth Copper spot
month
Lead halt Feb.
Zine 2x1
كلم
UPI.
Closing prices, all in sterling | Mayfune
Buyer Sellers Out/Nov.
per long ton.
pence
22.08
NANNA;
No. 3 rubber
30 1300
201310
0.05 P000 43 45
1000.00
23507 0.05 19500 | 1.50
$70 or 0.90
100 170 100 138
* כקד
170
Dock
0412 0515 Provident 19.20 1945
Talkoo Dock 434 43%
300 19.20 123 19.20 200 60 43,29
500 $3.50 400 43.50
LAND ETC. HK Hotel.. 3515 ஏர் 2000
BK Land
·
40
40.75
Humphrey'd
CAJE
1.475
1.70
1.075
4 50 21000
NEW YORK
Prettio & Elec. Pies American Airways
prices all
in cents Paramount Pictures
44
Parke Davis Co.
4.873
Penny J. DO.
214
Fenn, Butt Ca
201
Trust
7.10
130
7.20
1000 730
9111
Sungala
721
UTILITIES
3.00 3.00
**
Star Ferry
143
Yeumati
..... 3314 33011⁄2 1.000 0 303
C. Light
143 144 ་་
20.30 20.40 1000
4000 gr 33%
Loan
4x
1000/90-
Savings 3%, 1903/65--292-11/16.
SAYOKO 32. 1000/70-262
hacke
Saviige 3,1060/75-275-21/10.
Barclay's Bank “A” Ltd ord~-201 Chartered Bank---62.
Hongkong.67
Lloyd's fank “A”—41#,
Insurance
Union Insurance Canton-£5-20/10,
Aircraft and Motors British Motse Corp. Ord-20% 7140. Ford Motor. Ov—1028 4354
inthawker ddeley Group Cre-$10
footer Ltą "A"--108 30. Standera Triumph Internatkariai--- 125 1:54...
Brewerien
Diruller Co-3ga 1160.
South African breverten,301 1340.
Building and Materials Associated Portland Cement--13: Wall & LeRT Goodiana
Ord 474
7110.
„Pinchin Johnson Aemetales Ord-
41 70.
- Coal, Steel and Engindyrlig.
Babcock, & Wilcox Lid--ply 250. United Breelan
Vickers Li6-304 1344.
Food and Thaneco
BE American Toli. Co., 124– To Dd.
**Imperial Tobacco
1
Co.,
Lid-158
MiscellaneousE Bord_Marden Ltd- $150, British en Lat. Ord=81 90.
Pacific T Cariadian De La
Co Ltd Ord Dunlop Rubber Quills 31-
Jongkong * China Oos-13r. imperial Chenica)--578 DE zyons & Co-750 02 Unilever Lüth-153 & cor.
Paper
Bowater Paper Corp Ord-720,
Hadio and Electricst
Associated Electrical-018.
D
Electrical & Mimicale English Electric Coin 90, General Electriowala.
Shipping Indo-China Beam Nav. Co. def 016-299 M
415-4
Stearn Navigation del orth-
Stores
great Univermal : Stores "A"-10 734 & Spencer 14d-704 2
Woolworth F. W. & Co-q\w+94...• Textiles
Conty J&P Lids 3. Courtaulds L^3--07: 90....
Mines
Cons Golddelas of Bouth Africa
Cong, Zine. Corp. Ord-73. De Beers deca191 30. Hongkong Tin de 1414, Peting in de 96,
panch 100 75k
Southern King Coma Lia das ed, Union Corp Dd.
West Driefontém Göldnining—100%
Qu
British Borneo Fetroleum Byzlicate BON 101%
Brit Petroleum co tuch-sek troleum-215-0/10.
Burmahy-the
Royal Dutch
Shell Transport & Trading--140% 34-auter.
INTEREST
Internat paid without dedirtion of United Kingdom Incense rat
Weka unday to the General Manager for your copy of "Bank Deposit Accésint" Bookleí No. ÁO54
LOMBARD BANKING
Head Ofice)
LIMITED BANKERS
LOWBANG MOUNE, CUIETOS NYRENE
WARR LARE, LONDON W/1
Telephond) and 415), MEKONO
METKA WAISAJYAki Masking and firmën (craniancion
COTTON
NEW YORK
all'In conis Closing prices · per lb.
Mar
RUBBER
NEW YORK
Rex rubber futures closing prices, all in cento per ib.:
March: 39.00: May: 38.90 July: 30.40; Bept: ST50; Nov: 077.45; Jot 30.00 MAF: 36.20,
SINGAPOLE
Closing prices all in Straits
1.ob. per. Ib.
23.23 nom, conta 33,00
pects;
brar.
No. 1 reb.
No. 2 Feu.
No. 3 Feb.
SLAR
No. 4 rok
Dianitet ereje
NEW ORLEANS Cirting prices
all in
centa
Der 10
LOMHÁRŐ BANKMEITAR LASTI 11ð
10,90% HAVATIONS FLARES
KINGAPORE.", Talapbons: 1929 ·
Bbol rubber unbəmləd
No. 1 palo crepo
LONDON
Malaya
114-115
Closing per lb.:
Contract No. 4 (world) March: 3.02: May: 3.11; July: 3.00; Bept: 3.20; Oct: pái: Jan: 3.23: Mar: 12: May: 334: Spot - (PAD) Cuba): 2.00.
Total Baics: $40 contracts, Open interest 30 contracts. Contract No. 0 (domestio) March: 553; May: 5.50; July! 6.73: Sept: 5.79% Nov: 5.70; Spot-(C. NY. x-muly): 5.50.
Total Ball: 350 contracts. Open Interest: 2,000 contracts
UPL
FOREIGN EXCHANGE
11442110 113-1141 113-1154 1131-1134
NEW YORK 23636-23495
Closing rated; 11145-112% Canda 121-133
England official,
Others unchanged.
Closing prices all ini penins
[bet" ibu;": 21.00. 1.Tua #pot
13.00
Bettlemens house ton:
Auritziana
00:37 Edy/ept.
0100 JAN/Mar
3034-94
LONDON
Closing rates New Yor
33)5-9316 | Moerkrali 321-33 | Atruberdar
Copenhagen 011-42% | Do
Ceneral markets, aid, hamis,
Exato crepe thêm þar.
ports: Blockchai
Philip MorTIN
Piney Bowes
Procter & Gamble Co. Pittabeth Plate Glas Pubilcker ladustries Pure De Radio Corporation Hadio Corp. Prek
| Haytheon A Republe Steel Reynolds Metal ... Royal Bank of Canada
Set, Roebuck & Co. Shou o noi
Saloway Sterow Sovit Paper 11. Ninetale Qu
Smith, Kine & French Bocony Mobil, (1) 1.7. Solar Aircraft
Houds Puerto Rico Sugar" Banthem Co. (The) Bouthern Natural Gas Southern Rallway ( Sperry Rand,
Bandard Brande
Standard Oll of Cal. Bandard, Oil of Ind. Stendera O DE NI.
100/3 Bleep Hook...
Sterling Drug Co. stokely@Van Cashup.
Electric... 20.30 20.00
Mlectric (19) 25.15 20's
Telephoné. 3514 3011
INDUSTRIALS
STOREN, ETC. EXITY
Won, KD 10.00
"Blone`s Wabeler
601
Žiudeakeľuďmekerd Corp
191%
Banghino Mining-
Lane, Craw.
COTTONS
= 10/am { Toxiram. Ine;
J1
Inioko Cheru,
Tide Water Dil
rime Ing
TYARIK Tulaner
Tri-Cont: WATTENUA Gami
Twentieth Century Fon
*Textiles
3600
531000
U.S. INVESTMENT QUOTATIONS
Following are U.S. vest- ments In American dollars. Buyers' prices include commis FİON.
Baller BuyIKK
Amiliated Fund
Am is att
Atom. Day MAC Axe Houghton £1 Bufiosa" Juma via 50.16 Canadien rund
Canadians Ta Cansition Int Growin 1930 || Gherical Fund.
Comwith Stock
4014 Xan & How Boc
Found Mut und
-Infalt Found
fat prowsh
10.30 100-1000 a 20:30 22 Horton
“1000 @ 10:19 | Rayiton' Bur· D3
16000
16.00
17.45
4.03
0.20
19,00
13.47
1047
10.03