THE CHINA MAIL, FRIDAY, MARCH 25, 1960.
WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE
MARKET CLOSES ON SOUR NOTE
London
Reaction to
closes
Government's
quiet
HK Bank
Lombard
Union
Wheelock
market
at
Up or
glance
Dividend
& Bonus
★ The share
Feb. 25
Mar, 3
Mar, 10
Mar. 17
Mar. 20
Down
1110rd
1280xd
1200
1270
12x0
-$20
44b
40n
406
4834
48
-250
102
300
100%
100%
stendy
0.00
7.20
234
7.40
7.30
-10%
$8.40 250
HK Wharf
171
171b
108b
177
189
+$11
#K Docks
70
7314
94
97
0514
-$1.50
$10
Talkoo Docks
43
4334
52
50
-83.50
$2.80
Provident
19.30
19.40
10,70
18.00x1
18.20xd
-400
$1.10
HK Hości
3814
3735
zoxa
3014x
851xd
$1.28
32.50
HK Lands
40
30xd
50 xall
40
$5DG
$2.40
KK Realty
1.675
1.70
1.776
1.775
1.75
-0250
150
HK Tania
33
BL
9414
334xd
#234xd
-$1.50
$2.05
power Hong-
Star Ferry
144 d
.147xd
148b
155
153#
$2
30%
Yaumatis
140
153
15Ib
174
104gd
---$10
$8.50
with
Ch Light Elcottles
205
31.80
21.00
22.70
23.30
+GOD
$1.10
2014
26.30
27.10xd
27.80
27.30
-300
$1.90
IIK Telephone
35
$594
зам
37%
354
-$1.75
$1.78
stock
G. I. Cement
4534
443xd
44xd
4514
44
---$1.60
SU
Dairy Farm
244
24.30
2014
26.90
20.39
$1.55
A. 8. Watson
25.10xd
2014
20.70
26,30
20.80b
+500
$1.50
Lane, Crawford
3134
31
- 33%
32b
3214
4.500
*
Int'l Investment
1.40
8.05b
2.40
8.25
8.201
-50
05
Allied
6.40
T
0.70
6.90
. 6.85
230
HK FE ZDV Textile Corp
16.20
15.70
10.40
16.20
154 ts
900
9.00
0.95
10.40
9,00
9.2K
--150
16.00
13.70
15.00
158
14.60
400
700
Yield (%)
★ ⠀92998233983399..2685255.3
HONGKONG
STOCK EXCHANGE
by
Our Own Correspondent
Business done nt the Hong- kong Stock Exchange this morn- ing amounted to approximately $1,320,000. Noon quatations and. the morning'e transactions: Shares Dyer Seller
DANKS RK Bank. 12:40 12:30
INSURANCES
Undo I
Lombard
SHIPPING Wheeluck. 1.30 DOCKS, ETC. K. Whart Dock
****
Tia
140
58-12 745
1280
101314 10 44 1240
London, Mar. 24. Fears of further violence combined with fresh con- tinental selling brought another slump in South African gold shares 10. The falls, running day. into several shillings, made the feature in an otherwise quiet market.
power proposal
two
Government's announcement of its future
policy plans for tho companies-China Light and
Electric-was received mixed feelings by the local market yesterday.
kong
To masi Government's pro- posal on a merger appeared to be the legger of two evils 1.0. Despite improved employment] nationalisation. figures and
firm Wall Street's overnight close, buyers kept hesitant in front of the budget. engineerings scored-gains, steels went quiet and irregular. Motors al Textiles stayed firm.
on
In
Issues
Government bunds responded to small investment buying and moved the uptrack, foreign bonds Greck ensed and Germans went ahead. Dollar stocks were marred up. Coppers opened better but Jost
later. Diamonds ground
also fell back.
Olls showed narrow love- monia arse generally
ealer by the bell.
Some useful gains
It is felt that even though the
companies may come up with some agreement to Government's Jinal say in the matter will no doubt be left to proposal-the
a form of "shadow cabinet."
Wednesday: The
A merger of the two com- panies for generating purposes Thursday: would entall a certain amount of experre in re-organisation which in the oplilon of many would be moŋcy down the drain for no apparent reason.
Government could very well allow the two companies to carry certain specifications went on with
lold down to rates to be charged etc.
were
scored kry ons but rubbers
tained quieter-UPI...
Closing prices
Olledged Bonda Hritish Transport 3% £11/10.
Cunsols 21--247}{. Consola 70-13716. Convenion, Loan 34%
1979/88
1900
1550,0
Nationalising the companies on the other hand would be com- pletely fatal to the Colony's private enterprises and the end to the Colony's booming eco- nomy.
Favourable
The effect on the stocks of 1000/2001-the two companies was in fact during the 1900/90 favourable at least
morning session yesterday.
Frinding Lown J
CO
Funding Stock 39%.
£0.
Funding 104
La
Savings 3, 1953/65-90%
Baving 3 1000/00 € 79% Savings 3, 1965/75--275-13/10.
Blanks
Barclay's Bank "A" Ltc!
ord
Chartered Bank-392 0. Hongkong-£&%,
Loyd's Basuranceüd.
Union Innes Canton£ 6-3/10,
Aircraft and Motor
Brilist Motor
Jod.
Corp.
Ford Motor Co-10% 1350.
ON-21
been said that It has often
reflects the the stock market public's opinion.
And in the instance opinions did 'count,
Stocks of both the companies in question rose a dollar at the opening yesterday. market's But this failed to sustain prices
Hawker Siddeley Group Ord- 31 began to slip rapidly back almost
*150.
Rolls Royce Ltd Ord-49.
Rooles Lid On
Rootes Ltd "A"-30% 9344.
Standard Triumph
21 d.
OXTARFION121—
Distillers Cum 10144.
South African Breweries-24s 6d.
Breweries
Ruliding and Materiala Associated Porcand
Cement-73
50,
Coal, Steel und Engineering
United Steel--80% 90,
to their former levels.
Interest slackened and prices cased.
merket covered during the day ressions half with the volume of trading increasing. Hates
many instances registered small gains. Banks and Unions WCTC somewhat easier. Turnover amounted to $2,301,000.
It was a good day on the stock market businesa with transacted at an - creased scale, and some sections show-
ឆ ៩
Appreciable
gains, Persistent
proit-taking set in
Nanyang
NEW YORK WALL STREET ADVANCES
COTTON MARKET
New York, Mar. 24.
later in the after-Cotton futures passed an noon reducing other extremely quiet session although prices managed to show small net gains most of the time.
somewhat the morning gains, Turnover was BP- proximately
$5,400,000.
UK'S SHARE IN WORLD MARKET FOR
COTTON DROPS
ON ALL
FRONTS
New York, Mar. 24.
Naomi Lead Navonal Sheet Corp. New York Central Noranda Minos Ltd. Norfolk & Western Ry. North Arr. Aviation
Olahrt Athes (Com.)
Net Ges City Mathieson Os Elevatom Oxford Paper Co. Persican Airways Paramount Pictures Parkce Davis Co
Stocks advanced on most fronts today, but finished Pan
somewhat below their best levels,
The Kaln was their ninth in Diamond Gard the Lost 10 sessions and was intra-Seagrome
Dambrion Stores.... paced all the way by electronies, Dupont de Nemour
Kart El Paso Natural Gon Georgia Pacifo
General Dynamics
General Electric General Foods
Some commission house buy-scattered blue chips and lead-in ing in the forward new Top July Ing metal and rail issues.
a routine trade delivery, and
The industrial stock average demand for nearby old crop reached its high during the months, werts appited through first hour, then settled back hedge selling and local offerings thereafter
under slight but the list steady Closing on a rally
selling pressure Anished net three to 17 points through the close, high The market opened up Faile were
in their Now three to off five points.
average and the utilities rose 18 Orleans closed up two to
their to
highest lovel от points,
average since October 2, 1959.
Some of the heaviest buying.
New speculative interest in the market continued to be held in abeyance penting Washington developments on farm lepidla- tion or any other new incen- lives.
to
however, centred on those stocks not used to compile the averages. Gains here ran to more than five In Texas Instruments, nearly four in Polaroid and Interna- two in tional Salt, more thanı Black and Docker two in Reeves Brothers.
Today's volume was 2,940,000 shares.
|
Hliam Walker
Idaho Power Imperial Oil
Zussman Refrig
Imperial Tobacco ingersoll-Rand... interchemical Corp.
Budinis Machines Int'l Harvester International Nickel
31A
30
4042
G&c.
Penny . C. Co. Penn Salt Co. Piney Bowes.... Procter & Gamble Co.
Portland Gen. Fira. Pullman
20 Radio Corporation
Provident.
XD ..... Taikoo
LAND, ETC. Fu Hotel,
17.00
80 31
Land: 301% 4974
Humphrey'
21.40 221330
Talty
1.725 1,0
RUDDER
400
5000 AT 3000 1.70
· Amaks, KD D 6.00 2030 m 016
Trent
5000
7.80 7.70 2000
5000
UTILITIES
15434
Tram XD
Star Ferry
Yaumati
3114
162
24
C. Light
23 23.10
3740 00
40%
2014
163
2000 1000
Electric
27.10 1000 2
1000
-300
Telephone
ND 2016 3571
43
44
480SENONDESA REAR
200 28.30
Smith, Kline a French Standard Brands .... 321% Standard Oil of Cai. 10% Bocony Mobu Ou
Standard Oil of Ind Standard 011 01 N.J.
Steel Co. of Canada Steen Jack
Studebaker-Packard Corp.
0114 INDUSTRIALS
Cement C
41 Dairy..... 20.10 26.40
4314 Watsons.... 28.00 21.20 27. Craw....
3224 225
397% COTTONS
Textilps
0.43 9.00 3000
3812 Naryanɛ ... 14.00 141 zada
78 Allied
+
1000 1000 14.40
14.50
10% MISCELLANEOUS 574 Vibro
1414
134 INVESTMENTS
Int.
8.20
(0
4.03 2CD)
4712
1000 7 6.37
B.K. & F.E
Invest:
1814
Radio Corp. Prof.
407
445
Raytheon
Republie Steel
1023
Reynolds Tobacco
General Motors
40%
Royal Bank of Canada
Gea Tel. & Elec.
T92
Royal Dutch ...
up
Gletty Dil
Gez Tyre & Hubver
037
Saloway Stores
10
Schenley the.
Glidden Co.
391
Sinclair Oil
Goodyear Tyre
373%
Siegler Corp....
Gramena Aircraft
Great Northern Railway
16
Gulf O
Haramond Organ
Heyden Newport CDTD.
10
30
193
56
Stone & Webstor
107%
Swirt & Co.
Texas Co.
136
Textron Inc.
454
Thlokol Chem.
Traders Finance
International Paper
115
313
13
88,000 Kempott Copper......... Leggeri & Affers Tob, CA, | Kaly" Tulip
Kaneda C. Powar & Light
49
Union Pacile away
18
58
B4U.S. Gypsum
1.5. Rubber
72U.3. Bmatung
24
for the were:
30 dustrials bales 20 Fells
US. Steel
US. Biel 7 PC. FF.
35 utilities
140.50 Lone Star Cement Co.
Lortshard P........ 68.49 1200.57 McDermott J, Bar
2016
Warner Bros.
35%
Waukesha Motors
30
Westinghouse Air Brake
20
că stocks
81.20
40. bonds
Merck AID)sons Brewery
Comm, futurs price index..
245.44
| Werlinghouse Elecirle
Va. Pulp & Paper
so
Monsanto Chemical Co.
43 Winn-Doce stores
Kontgomery Ward
Nations Bipault Co.
National Cash Reg. "A"
01 014
Wonlworth (KX. W. Zenith Radio
$213
The Hague, Mar. 24. Britain's share in the world
The Liverpool market today market for cotion goods
five unchanged "dropped
disastrously closed from 17 per cent in 1955 English points higher and 441
to 040 American points to 12.5 per cent in 1959, New York future. Dutch texille experts were told this week.
under
The certificated stock yester
Exchange volume was
nearly
int Toi & Tel
| Kaiser industries
shares. day totalled 12,400 bales, up 50
Dow-Jones closing averages Lition Ind......
Lockheed Alztratt Mr H. J. Geerkens, Director bales from the previous post-
024.00 | Loews Incorp..... Hongkong of the Enschede Royal Textle ing 17,000
Row cotton experts Electric were transacted in the MRIs, told a meeting of the season totaled 4311,202
total exports against 1,855,308 bales last
Over 40,000 shares of China Lights and
morning as compared to 15,000 experts that the
afternoon.
dians Wall & Lead Ord--is and 1,000 stceries in the of the most important export gear, according to the New York:
countries (the Netherlands, Bel-Cotton Exchange-UPI. Gilman's (Holdings) were list-tain, the United States, Japan,
on the period
Babcock & Wilcox Lid-421 34.
Vickers Lid=345 04.
Food and Jonico
British American Tob, Co., Ltd-
ORA
Umperial Tobacco Co., Ltd -715 94.
Incijativus
Boardman Marden Ltd. British Oxygen Lid, Örk--Blk 13. Canadian PatÜle šly—44S,
De La Rue Co, Lid, Órd-678. Dunlop Hubber Co-24s. Hongkong & Cikoa Gas-10s . Imperial Chemico)-Die 4190. Lyone & Co-784 750 Unilever Ltd-144
Bowater
lled Per
Paper
and
Ordm71B,
Associated Electricnt-04% 33 Electrical & Mustes)—–54% 454. Engilah Eretria Co-138 30. General Electric Su öd.
ed for the first time on Monday and India) dropped in the same
and went up 50 centa week.
the trend Towards the close pointed to further declines leav- ing the market with a 9017 undertone.
million
to 2,935 million
from 3,232 square yards square yards
DUTCH SHARE
that He added
the Dutch share in the world cotton trade
The Indonesian been lost but
But in all fairness it should be rose from eight per cent to pointed out that the market has 0.5 per cent, come ander persistent profit-market hod taking of late resulting in trac other outlets had been found. tional losses in most counters. The Dutch textile industry had always been in favour of the Euromarket and expected
increase its to
exports to community European economic countries.
In this weakened Government's
stato
ANNOUNCEncat
Stupping Indo-Chirp Stream Nav, C. det rencted as a stimulant on the ord-23 M.
maritet only to turn out to be a
P&O Steam Navigation det ord
41 1040.
glores
Great Universal Stores "A"
20 Marks & Spencer Ltd-71s
Woolworth W. & Co-4 10.
Textiles
Coats J&P LA-35 436. Courtsuki Láď-080 T‡4€.
Cong Goldfields of South Africa -
Cons. Zine Corp. Ord—14 cor.
72 ed,
De Beers def:60%.
Hongson Tên
s
Randka ga
Petaling No—7% 411⁄2d,
Southern Kinta Cone L-27 d.
Union Cep=06% 35.
West
Rash in the pan.
Questions in Commons on
import quotas from China
But, he added, the industry Mr
"concerned" about the
Trad" Association. The
With most sections suffering was tractionni Losses, Wharvos, establishment of the European Docks, Watsons and Lane Craw Free fords were the only diam spots, division of Western Europe into economie two Independent
18.5 per The trend points to continued bloes might hamper prüfi-taking for at least another cent of Dutch textile exports— week.
Reuter.
Market diary
Driefontein Goldmining-Friday:
1009 10 cor.
Britis
Onl
CA DOPL Petroleum Byndt
Gd.
British Burma Potroleum- 13. Brian
Formula-485 5. Lich-80s Ed. Į Bell Transport & Trading--1404
-Router.
Monday:
a winner every time
Jockey underwear
mado only by Corybaran
Tuesday:
held
U.S. INVESTMENT QUOTATIONS
The market steady though pro- fit-taking was in evidence and losses were held to frac-
tions. Watson WETE
London, Mar, 24.
•
Closing Prices
Abitibi Pwr. & Paper
Alden Ine. Aeg, Algoma Steel Corp. Allied Chemicals Allied Müla inc. Allis Chalmers Am. Brake Shoo Amertean Airline Am. Cable & Radio Corp. American Cyanamid Cu. Amer. & Forgn. Power Am. Hama Prod. American 'Metal Asa. Natural Gas American melting American Tel & fei American Tob. Ampex
Anaconda Copper .... Armco Bical
Ammour
Asbestos Corp.
Bell Telephone
Stephen Swingler Atlas Cone, Mining (Labour) asked in the Baltiminee & Ohio
Bank of Montreal House of Commons today Bank of Nova Scotia for figures showing the Beech Life Savers value of the Import quota longuet Cons for certain goods from Bethlehem Stovi....
Borden (The) Co. Chinn in each of the last Burroughs Add Machino
British Amer, ou three years, including the current year,
car Packing Cory,
Cana, Bk. ad Comm. Car Exoticar Canadian Pacific R. The goods were cotton and CIT, Finanema Corp. TByun texifles; manufactured), Chase Manhat. Dank meat and meat products, butter, Chryske Motors
Ciusit Pestedy canned pineapple, canned fra Colgate-Palmeire Co. other than pineapple, silk piece Commercial Credit goods, poltery, basketware" and Conclidated mason straw manufactures, table glass-olidated Poper
Continental Cars ...... leather cantierist 04 of Del.
The following are US, invest-ware, stationary" and a strong counter.
American dollars. goods including footwear. Volume of business ments in amounted to Buyers' prices include comade. $3,200,000.
Am But BTE ... Atom Dev Mut
sion: The Market sut- Amulated Fund fered a slight set- back during the Axe Houghton, B day due to proft-Bullock Tund laking. This Canada Gen Fund..
resulted in a
Seller Buyers
7.11
7,00
4.03
5.10 4.57
824 4.90
12.44
13.64
13.10 1420
19.69
933 10.00
.....
19.00
11.49
Comwith Stock
14.01
10.10
2.05 3.13
13.00 14.30
Canadian Pund, Canadian Int Growth
moderate turnover Chemical Fund
with the list marked down.
Volume
of Dividend Shre
Dreyfus Fund
business transacted
10.30
ANNUAL QUOTAS
Creolo Pet .....
Crown Zellerbach
· Cuban"Amen, Bugkr Delpero de IaNOG COL
The President of the Board Diamond Att
of Trade, replied:
-
The value of the annual quotas for importa of batton textiles for home and anyon retention and for re-export are rospectively 2150,000 and £1, 300,000, and that for cotton and rayon manufactures 15. £220,- 000, The first two quotas came into effect on March 1, 1908, 6.37 and the last on August 1, 1900,
Fatima How Block 13.00 JASO was approximately Klectronics Inv**** $2,111,000.
Found Mut, June Hamil Fund HC-7
The market drifted
Found Instil Growth
into a featureless initit Zricorymak "stesalon. "wikka ‹ Reach- Invest Tr Boston
inget a reduced | Haystone Bug .... scale. This resulted Keystone Canada
Mars Inv Tr
in declines with Mass Growth
one
or two firin Nai Bear Ser. Growth apot. Turnover Retiddar St & CI 1.2
Tele Fund
Amountai ta.
$2,880,000.
ap Value Star Bizad
proximately
CD
10.10 $1,00
4.93
1041
11.30
10.54
11.43
0.90
14.70
13.73 -18.76
19774
13.61
79.10 10.12
NY SUGAR MARKET
Tri-Cont. Warranis
Union Carbide
Union Où 3 CH.
United Airsoft
Exchange rates
Business was done in the local. whofficial exchange market morning at the following rates:- US dollars (per #1} _********* Sterling notes (per (1) ..... 45% Atestralian notes (per £1) ...
Indonesian rupials (per 100) Glam tiedle (per 100) Bingapore (8tralia)
105
-UPI.
Yesterday's Closing
COMMODITY PRICES
SUGAR
NEW YORK
1b.:
LONDON
Closing prices all in pence per
No. 1 H spot ... ́ ́3496-3476
Bettlement house term:
12.03
1.38
26.00
1.81
METALS
Apri/June
3446-2492
July/Sept.
Oct/Dec,
3312-35% 13-333
Jan/Mar.
-
Closing prices all in cents per
15.:
Contract No. 4 (world)
May
210-11
July
Sept
Dd.
124 3.26-20
3475-35 May
340-349, Lega Estate crepe thin Apri.. Baiz thick April.. 31
AMSTERDAM
General markets, e.t.f. basis, poris per b.: Apri
NEW YORK Closing prices, all in cenis
Mar. ATRY ZIDC
£1.30
1140
Mar.
11.60
May
11.01
Mac.
21.00
May
29.50
Mar
1.39-buyers
***** LONDON
3.30 buyers
Spot(.AS. Cuba)
Crotal Salos: 633 coni
3.29 buyers
Cicking brices, all in atering
3.38-buyere per long fo
UPIT
Contract No. 3 (domesito)
Buyers Setlers
7045
惱
Sept.
Open interest: 8,009 Deles
Closing prices all in gulliders | Copper per kilogram, elf, april,
No. 1 rubber
3.02
No. 2 rubber
No. nibber
ERSIE
Nov,
Spot (C.14, NY. ez-duty!
Total Bules: DO contracta
interest:- 3319 contracts--
மO
UFL.
RUBBER
NEW YORK
STADI MAS;. 27.03.
No. 1 crepd
COTTON
ŃEW YORK
Closing prioda alt in cents [per lb.:
Spot: 4.10 norn: May 2201; July: 33; Oct: 20.481 Dec: 3900 MATT 1190) May: 2131; July: 11.86; Del; | 30,95; DEC; Kax: 30.79,
BAO PAULD (Closing prices all in cruzeiro per klo):
All unquoted.
Average price in U.9. at 14 da- digased spot thatxatar 320 CRILE
"Fotal sales: 36,322 bales.
New York, Misr, 24. world, No, 4
Rex rubber futures closing wagkë futurÓS yesterday closed ning potste prices, ali in cents per th
March: 40.20; May:- 40.85 - July:
· higher to' pus point_tower | 20.30: Bept: 30.20; Nov: abr Jan: ; with unlis 'ok' 509 · ekziste#OTA, Domestle No, 8 sugar clósnél "The values of the heal nchaiged to three points Juwer
Closing prices all in Straits per ib. quota for the remaining Itemditis sales of Bf contracts,
World editracts strengthenexl only stationtory and six and with the higher Tawar kort anal cents per iu tob, Malays rama manliuotures were släbi“ trade covering in the nearby | Por jeat to control berure Novem- deliverler.
SINGAPORE
26. 2 Apri Мат
bor 4, 1089 whenʊ China ́skared World cöntenéis derived uddi- No. 2 Apri 15; dintrual, quotas operi to mil) tíormal strength at tile cibeu toi- | NO. 2 April rtjánation arem cólintMen of lowing deporte, that Qube sold 39,40DZIL
TŪBA | 30,000 Latin at Lawn to China / Mekah, UTS+
UPT.
£310,000
Ho
LIVERPOOL
Cionin priews all in patien
Copper
Lead and 1977
Zing in half
Mar
JUDI
FOREIGA EXCHANGE
NEW YORK
-
Rentasd offigied
Olene Unshenged.
LONDON
American Contract Mafah/Apriis Lak:
Closing rates; May/Junio 12046-1216|| 21.4 FUSTANE A40 OffrNavy New York
120% 22.109) D4d/dan: 32; - Mars April: Montreal i
Mixed Omotenes just March/Aprils.
13/10
$1.00 11/10-9.00 15/10