THE CHINA MAIL. FRIDAY, APRIL 22, 1960,
WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE
OVERN
MARKET CONTINUES FIRM COMPAN
Spectacular rise registered by Allied Investors
A fortnight
of
IIK Bank Lombard
Union Wheelock IIK Whart
Taikoo Dooks
HK Docke
Provident
HK Hotels
ИК ТАДА
36
glance ★
* The share market at
a
Mar. 17
Bar, 24
Mar. 31
Apr. 7
1270
1250
1245
1280
Apr. 20 12001
Up or Down
Dividend
-$20
& Bonus $48
Yield(%)
3.6
484
400
45
1x
+31
SA
4,8
100%
1004
09
02b
DIR
+35
$3,40
3.7
2.40
7.30
7.10
7.26
V.35
+100
•
21c
3.0
107
18
18 Exa
180 xd
189
+39
$8
4.5
07
0534
.1-d
100xd
210
+31
$10
8.9
1
ફા
B017
4934
54
524
-$1,50
$2.80
5.0
18.00x
18.20xd
17.40
18.10
19.60
+ $1.30
51.10
5.2
30xd
3514x
3536
354
500
52.50
0.0
5016xall
4934
49%
58
576
-$1
$2.40
4.2
1.778
1.75
1.70
1.355
1.75
steady
150
9.0
314xd
3234xd
314
-B00
$2.05
6.3
155
153
152
132
153b
steady
S
5.5
171
16ix
169
171
170b
--$1
$8.50
8.2
22.70
23.20
23.70
23
22.80
www.ZOO
$1,10
4.8
Electries
27.60
27.30
27
2756
2714
steady
$1.00
7.3
HK Telephone
213
3894
28
2834
3614
steady
$1.75
4.8
4514
44
4831
44.
4214
-$1,50
8.4
Dairy Farm
20.00
26.30
20.30
27
20.40xd
-600
$1.85
6.0
A.E. Watman
26.20
26.806
20.10
27
28.00
++$3.00
$1.50
5.6
Lane, Crawford
32b
3214
312
314
+$1.50
52
6.1
Int'l Investment
8.2K
8.205.
-8.20%
8.20
8.20
steady
05c
7.0
Allied
0.00
0.05
6.80
7.80
14800
$1.25
10
HK FE Inv Torille Corps
16.20
1834 x
1514n xrts 10 nom
15.20nom steady
800
5.8
0.00
9.75
156
034 14.10
9.90
0.80 19.70
~~100
€50
0.6
-ŞI
70c
5.5
to
intermittent holidays
failed to dampen the market and turnover continued to average around $3 million daily.
The outstanding feature of the period under review was the upsurge of Allied Investors following the announcement of an interim dividend of 25 cents for 1960 and a special bonus of 75 cents for 1961.
Allieds went up all the way to $0.20 from $7.10 bui cased off during the week on profit- taking. They improved on de- and again at the close and finished up at $3,80,"
On Whic fortnight interest centred on Providents, Landa and Utilities.
Providonts up
Providents shot up to $19.40
from
$14.00 while Lands and Cilities were unchanged.
Wharves were strong again und picked up their ex-dividend prices.
HONGKONG STOCK EXCHANGE
by
Our Own Correspondent
Business dine on the Hong kong Sinek Exchange this morn- ing amounted to approximately $2,395,600.
Nova quotations and the morning's transactions;
shares uyers Sellers Sales BANKS 3K Banks, 123 1233 103 m (260
30 1200
20000
2002 20
INSURANCES
..... 134 17
Tinton
10 4755
ban SUOTING Whoelek. 7.36
K. Whart
DOCKS. ETU,
191 100
15.00
Dock
Povident
Táckoo
LAND, ERS ilk Patel. BK Lund
Humplireya Heally
RUBBE
Amaly.
7.40 7000 7.00 3000 41 7.35
:00 195
zo 1000 10.7
2000 10.08
2500 kr 20
30 83% 1000 ve 121%
مله افراد
103053
1000 & 35%%
07 57'
GOU
24 24.40
1.725 1.75 1000 à 1.75
7.30
Trust
9.15
9.24
Sangula
UTILITIES
18
5000 7.50
50.00 24 723
1000 W 7225
2003 1000 G
7.30
10007 0.93 5000 49.15
1205 0.15 2000 43 9.2
5000 & 5
30% 5.05
Tram 31% 31% 10002134
Star Ferry.
Yaumati...
C. Wight...
90
Hongkong Docks were aloudy but Taftoos reacted badly
a dividend announcement of $2.80. Both brolcers and share- holders expected at least a $3 dividend.
Gas Company shares which were quoted for the first time last week opened at $14.20 but ensed off on profit-taking result- ing in a fall of $1. However, buyers, appeared again when it
·NK⋅ Realty
IX Trans Star Ferry
Yaumatka
Ch light
G. L Cement
Nanyang
14.00
1470
Wall Street improves on
New York, Apr. 21.
was thought the price had taken Stocks met some late support today which lifted
too great a dip and further de- mand put the price back up to $13,70.
Cements slipped slightly in Industrials..
In
Watsons strong
remained stores Watsons strong and demand put there hare, up to $28.00 at the close a rise of $1.00 since April 7. Lane, Crawfords also came in-
demand ind !เว
$1.50 But on closing at $341⁄2.
Big businers was transscled in the rubber section and prices fluctuated on alternate demand and pruât-taking.
At
Textiles were up slightly but Numyang's were down a dollar.
the moment It appears urices are governed not so much from speculation but on com- pany news and dividend returns.
Since the active market began profit-taking bas slipped In some time or another and most stocks have been affected. Prices however bave only dropped fractionally on These occasions und usually improve on their high when demand sets in again. The undertone at the close was firm and demand appears to be constant. Prices changes if any Are only expected 10 be fractional
the list out of the doldrums and gave it a firm undertone at the close.
Prices framed at the opening. turned irregular by noon and then Armed again late in the sesion when electronics shot up sharply to help improve over- all rentiment,
The improvement in the news background, particularly the report of the best first quarter rise in gross 'pational product
10 years, helped truder interest.
ir
revive
Today's volume was 2,700,000 shares.
Of a total 1,180 issues traded, 540 were higher and 408 lower.
Dow-Jones closing
were:
30 Industriais
20 Rolls
15 Ulinities
03 Stocks
40 Bonda...
average
Closing Prices
late
Am. Home Prod.
Ani. Mach. & Fáry American Metal
American smelung
Am. Bug Red. American Tel. & Tel American Tob
Ampex
Anaconda Copper
Annco Steel
Armour
support
1081⁄2 Standard Out of HJ.
Sterling Drug Co.
Studebaker-Packard Corp.
Thick Chem.
ד
43
141
REPORTS
New York, Apr. 21. Sales by the B. F. Goodrich Company for the first. quarter of 1960 were the highest ever attained by the company for any quarter, Mr John I. Gollyer, Chairman of the Board, told stock- holders at their annual meeting.
WGS
Not Income, Mr Collyer said, I Mr L. F. A. D'Erlanger, Chair
lower than in the first man of the Channel. Tunnel Com- three months of 1950 because of pony, said yesterday it might be prices eight months to a year before low replacement tyre and higher natural rubber and it was decided whether or not to go ahead with the estimated employment costs.. Net proâts
dropped to $9,078,543, or $1.01 £109 million project. per share, from $10,324,124, or
The Channel Tunnel Company
$1.15 a share, a year earlier. was formed in 1881, the Issued Sales rose to $200,730.977 from capital is £01,351 sterling in 4s. $115,825,645 for the March 1950hares.-China Mail Special. quarter.
Mr.J. W. Keener, President and chief executive officer, said that new rubber consumption, both for the United States and for the world, will attain new
lovels high
in 1800-China
Mail Special.
New York, Apr. 21. First quarter not income of the Kaiser Aluminium and Chemical Corporation totalled $7,297,000, oqual to 49 conti a share, on common 15,049,152
shares outstanding.
This compared with $4,200,- 000, or 20 cents on 15,006,711 shares in the first three months
Sales of last year, $111,085,000 against $07,247,-
4514
13000.
721
Domestic
21% aluminium
жете
shipments of than
were lower
London, Apr. 21.
Babcock and Wilcox declar-
ad u final dividend of 41⁄41⁄2 percent, less tax, making nino percent for the year onded Decombr 31, 1959, against 13 per cent pre- viously. Group not profit was £673,291, against £1,853,979, aftor tax. China Mail Special.
Gutta
Toronto, Apr. 21. Percha and Rubbor Limited announced today that it is closing down its rubber manufacturing operations because it can- not compete with imports. The move will throw 365 Gal-
expected in the first quarter be.ployees most of them in Toronto,
in cut of work cause customers absorbed ventories built up at the end of 21959, Mr D. A, Rhoades,
President, said.
to
Mr M. O. Simpson, Chairman of the Board, said: "The lack of adequate tariff protection has inanufacturers an invited foreign Earnings rose, reflecting
the price 6! increase find
Canada Today export to aluminium in December and they are able to sell many in-
contract dustrial rubber the completion of a
products in 30% calling
shipments of Canada at prices close to cor bauxite to the Government custa,” stockpile-China Mail Special.
30
0124
Stokely Van Camp.
434
001
Bwin & Cu.
AR
Texas Cu.
LOGAR
Textron Inc,
332%2
The Water Oll
2011
Time Low.
dei
019.50
Travellers Ine.....
142,30
Comm. future price index..
Atlas Coen. Minding 60.43 Batchwi-Luna-čiarn, 204.54 Timore & Ohio
02.13 esenciat Fiance 144.54 Bendix Aviation Corp.
Tri-Cont. Warrants
1015
Twentheth Century Fux Film
23312
Union Carbide
Union Oil of Cal.
40
6014
Unko Pacific Railway
Benguet Cand.
184
United Aircraft
| Bethlabeys Sted
45%
United Fruit
Ducha Airplang
2315
United Gas Corp.
Borden (The Co
401.9. Fou
45%
Bumough Add Machine
102
4015 | Calif. Packing Corp.
307 U.S. Line Co.
3515
Cana. Brewers
U.S. Rubber
0412
ADI. Clues ..
31
Campbell Soup Co.
48+
US. Smelting
23
451
Canadian Pacific R
2000
U.S. Steck
18
Came (J. K.) Co.
12E
American Coble & Radio Corp.
10
Cat. Tractor
20
UA, Steel 7 P.C. PF Warner Bros. ....
24615
*42
62%
Celanese Corp.
605% | C.1.7. Financial Corp.
Waukesha Motors
Westinghouse Air Broke
Westinghouse Electric
5-475
Jay
Western Union Tol. Co. Wen Va Pulp & Paper Winn-Dixie Stores
45%
IN
Woolworth (KW)
ext
Zenith Rodo
QUQ
-UPL
Alden Som, key, Alled Chenderia Coch American
Texas
Instruments paced electronics with a rise of about five points. IDM, Wagner
and Electric
Motorola added around three. Telephone continued to sag on the company's indication of no dividend hilde in the future. It fell nearly one.
near
Allled Mil Loc.
Am. Drake Shoe
American Airline
American Cyanamid Co.
Am. Ca & Electriu
London
has
dismal day
of declines
London, Apr. 21.
Chase Manhat. Bark
Chrysler Motors
Cluell Peabody
Colgate-Palmolive
Commercial Credit
Colombian Carbon Co
Consolidated Edison
Continents Can
Continental ou of Del. Crane Co. ***** Crown Zelierbach Cuban Amer. Sugor Delaware Hudson Co. Douglas Aircraft Dow Chemical.... Dupont de Nemours Eastern Air Line Kasiman Kodak
El Paso Natural Gas Family Finance Corp. Firestone Tyre & Rubber Pirai Nat. City Bank Ford Motor ..... General Dynarnica
New York sugar Stock markets trailed through a dismal day with General gods
market
New York, Apr, 21.
World No. 4 sugar futures to.
day closed unchanged in a point higher on sale, of 170 contracta.
to a point
0003115
Domestic No. 6 sugar future finished unchanged Lower on 378 sales.
100 104
175
172
ཐཱ
300171
3500 r 173
mariat unchanged at 3.01 pouru
the already uncertain investment outlook further upset by Wall Street's overnight fall. Industrial shares slid down including a wide range of blue chips.
Poor results
from Babcock and Wilcox Caused other to engineerings
lower. to Motors shared the trend with Ford the exception scoring a three shilling rice in front of tomorrow's general meeting.
Insurance
Unit Insurance Conlon-£-
Aircraft and Motora
Ord-20s. British:_Moter
Ford Motor Co cor.
awker Siddeley Group Ord
Holls Royce Ltd Ord-458. Tootes Ltd "A"-10% Cd. Standard Triumph International-
Breweries
Distillers Co-
World futures were quiet and nitrowly mixed all day
Channel Tunnel turned wenk 11 Od. with
comment on the offerings of Cubans in the world after critical
the threat of com- a plan and
petition for treme from civil
At one time itd. Marfect action in domestics airline operators.
they lost Ave shillings but re- centred on evening up opera- 7200 220tions in nearby May which ex-covered nearly half this by the
bell.
Don
174
500 22.00
100
23
150 (23
1300 22.90
pired at the clues of the session,
The dock strike which crip- pled New York harbour is
200 de 27.40 morning apparently played no
B00 12.30
1000
Electric
20.40 11.00 1150 20
1800 27
200 275
.
MACAO E
Од
12.40
Telephone
200 12.212 part in setting a prieš trend in jnd their 121, 1380 100,∞) 13.50 | Futures—UPI.
TUO 13.70
1800 19.60
30 304 400 20 3841⁄2
1000
1000 * 50
-200 @ 421%
U.S. INVESTMENT QUOTATIONS
INDUSTIUALS Coment.... 42-4316 STONES, ETC.
Datry XD 2014 20.00 1100
Walnoo
1. Craw...
2540
.
BONDS STEADY Government bonds maintain- steadiness and there was little activity in the foreign bond market. Dollar stocks receded
board on across the marking down in tune with Wall Street's lower levels.
South African golds failed to attract buyers and prices gen- Lassen érally fell back with ringing to two shillings six perce
Coppers kept on the The following are US. invest- | downward track. metits in American dollars,
Despite a higher dividend and Buyer's prices include commis better will Burme Oll tost ground with Shell in a dull oll
Affilated Jund
Closing Prices
South African Breweries-24 ct. Buliding and Materials
Portland Cement-07 Associated Goodlaws Wall & Lead Ord-607. Coal, Steel and Engineering Babcock Wilcox Lid-50% 10% cored gteel-16#.
Vickers Ltd 300 436c2
British American Tob. Co. L- €02 10
Imperial Tobacco Co., Ltd-04x,
Miscellaneous
Boardman Morden British Oxygen L Canadian Paciod Ry983 Der La Fare Co. Lith UrduE Dunlop Rubber Coffe Dd. Gliman Holding Lidd. Hongkong & China tine 10. Imperial Chemical-56 ibd. Lyons & Co-70 d,
110-130 319. Unilever
Paper Bowaler Paper Corp Pad--72 D4,
Radio and Electical Associated Electrica)-30% 3. Electrical Musics40H, Engid: Electric Co29% Oct. Geral Electries o
Shipping Indo-China Bew
General
Gen. Pub, Uu. Getty Off
Gen. Tyre & Rubber
Glidden Co. .....
Goodrich B. F) Co.
Goodyear Tyre Grumman Alterafi Gulf ou
Hahmond Orgen Hamestake Mining Co.
Haho Power.
Ingersoll-Rand
Island Blesi Co. Interchemical Cory, Int'l Business Machines Int'l tarvester
International Nickel International Paper Int'l Tel & Tel -Johns-Blanville Co,
Keiver that
Kannon C. Power & Light Kennecott Copper.... Kimberly Clark ...
Liggett Myers Tob. Co. Litton Ind.
Lockheed Aircraft
Loews Incorp, ..... Lone Star Cement Co. Lowenstein Kon McDermott J. RaY McDonnell Aircraft Merck.JOIN Mesabi Iron Corp. Mirunisola Mining -...
Motorola Ine, National Can Beg. "A" National Dairy Prod. National Lent National Steel Corp. New York Cahirsi Norfolk Westem By North Amer. Aviation Northwest Airlines Oklabama Nat Gaz Olin Mathieson Otis Elevatora.............
842
US Gypsum
for
London, Apr. 21. Shares of the Channel Tun- nal Company fell today on the London Stock Ex- change by 5 shillings to 36 thillinge, but later a shilling was recovoted,
A study group reported yes- terday that funnel between England and France to
carry
Agreed merchant twin railway lines was a "pre-
rates
West German Deutschemarks, Maximum selling 72-11/18,
over,
tical possibility."
Some political quarters, how
assert
that the British Government is lukewarm to the scheme and this feeling is thought to be behind today's fall in share prices.
Czechoslovalda and Hongkong Are the chief exporters of low- cast rubber goods to Canada--- Reulcr.
Chas Pfizer and Company
New York, Apr. 21.
Incorporated had a net in- come in the first quarter of this year of $7,102,000 or 43 cents a share com- pared with $5,339,000 pr 39 cents a share in the same quarter last year. Announcing this at the com- pany's annual meeting. Pizer's president. Mr John E. McKeen. said rales, rose to $68,722,000 from $60,517,000 in the Juary- March period of last year- China Malt Special.
Yesterday's Closing
COMMODITY PRICES
LIVERPOOL
SUGAR
Closing prices per b
COTTON
all ink
American Contract
May/June
pener
METALS
NEW YORK
Closing prices, all in cenis per ib.:.
Load May
July
13.00 30.44
20.250
RUBBER
Closing prices, all in sterling per long ton:
Nex
NEW YORK
Buyers Sellers
Tin
Spot
78735
78054
3-month
Tak
784
Coppet
Spot
201
2073
3-month
2413%
closing
Lead the hall Apr July Zine 2nd halt Apr.
7%
July ..
UPL
rubber futures
prices, all in cents per lb
July/Aug. Oct/Nov,
NEW YORK
Dec/Jan.
Mar/ApHI
Closing prices all in venta per
lb.:
Mixed Contrast
Contract No 4 (world)
May/June
27.40
May
2.08
July/Aug
23.40
July
205
Oct/Nov.
Zine May
Soyt.
3.13
This Jan.
July
Oct.
3.10
Mar/April
Copper May
July
Mar.
May
Total Sales: 110 Contracts,
::
LONDON
02-71
Contract No. 6 (domestic)
Ich
Minion Development Monsanto Chemical Co.
303 July
6.12
Jesik
15.tb
41
Total Bates: 370 ContractsAP.
Montgomery Ward
40%
173
60%
50%
763%
231
MAY
(Com.
2014
NEW YORK
July
Closing prices
all in cents
Sept.
40th
Nov.
2019 Der ib.:
JAU
#pot
34.10
Mar.
#312
May
503.00
May
1712
2274
Off
30.00
Paramount Pictures.. Parko Davis Co.
Deo.
Penny J. C. C. Philip Morri
124
Max.
31000
May
1km
Procter & Gamble Co.
July
porta:
Fileburgh Fisto Gl
Out
30.826
No. 1 May
30.000
June
1106-11016 310-119
Mar.
20.00
No. 4 May
No. Maj
118-11816
No. 4 May ********
15-115E1
Spot rubber unhaled .......
1ს.
Blanket cirp.....
H
$1.00
No. 1.polo crepe
127-120
32.70%
LONDON
201801
Ban Rey, Poper
30,029)
Cloning prices all in per lb.
pence
Blogter Corp.
eason
31.30
alob
mili, Kline de Freneli ...
The
Mat
BÀO PAULO
30.30%
Holiday
Cowlis prices all in eruzeiro per
Averigu, kršen · In ·
14.
Owen-Dunols Class Nav, Co. det Oxford Paper Co.
Pacific Gas & Elec. Strom Navigation def ord-Fan American Afrways
Alores
Biorew "A"-470 21 Universal
"Marks & Spencer Lid-71# 36.
Woolworth FW. Co ca 45ku.
Textiles Coats 3 & PL00 $54. Courtauld Lam615. ca C
200 68 201
1900 4.20:1
34
500 34%
COTTONS
Textiles
2.35 9.90 1000
*
500 34
1.00 1000 1.99
Blon,
Sellers Buyers
7.17 1.70
An Duy Par
41$ 50.
4.01
4.34
2000 # 9,90
Alam Dev Mut
0.00
145 14,80
13.7#
1000 #99.00 2500 + 24,40
Ata Hought 13 .........
0.02
Bullock md......
J2.40
13.00
Rubbara andi qulet UPI.
icas slayed
Canam Gen Inand... 13.30
1427
50 13.00
Canada Fa
1042
17.00
Cinklian Int Growth
Chemical Fund
10.49 11.77
Cymwith Block
Dividend Sh
12.16
breytus Fund
Balón Sc 11. Stock
Electronios Zove
****
Wound Mat mund
10,69
IMI FU IC-7 ....
201%
Tretit To
· 10.49 11.40
Inalit
10.07
1164
Trait come
025
0.04
11.18
*****
1500 14.12 19.07 11.88
Allied
Nanyang MISCELLANEOUS
INVESTMENTS
Vibro
Int
RE, ATE.
Invest. ... Gilmans
7.05 795 000 or 7.00
1000 7.90 2000 700
Exchange rates
Invest Ty Borion_... Keystone Class Fa.........
in the Jocat Keystone Canada...
markets | Man Soy T
Burinom was done unofficial exchange torstillig at the following rater: UA. dollars (per Bl)
Steril notes (per #1) port Antrale per iper di M Indonesian rupiata (per, 100).. Filon treni tuer 100) Singapore (traits)
Blow
30 Mai de dr du l
Boudder 24 Cha PROJETS 24 Tund
Z | Wellbeton June 117
$4.99
10.30 10.29
1423 18.4 23.45 20.11
citedged nonda
Bellian Transport 3. 1978/80-
"Console 214%%%~-~- £ 447% -
QUIZBOLS #70-1171p Converfoli
Binding, Loan
514%. 1990–
inding Stock
1909/0 3
21276, 1900/2004-
Lown 4 1000/100
¿Funding 0-1/30. Havinga 3%, 1965,799-896-3/18.
„„Hinzoley's Bar "A"
Lloyd's dea
orde
Goldfelder of South Africa
Cor, Zine Corp, Od-75% 34.
De Beers the141 31.
Hongkong Tita 4'ých
· Pata ing_mu od.
Ratt 40.
Bouthern Kinda Coma Led-tog pkt.
Uni Corp=600
Won Driefonteins
2014 da
Goldmining
Brko Petroleum Byndi
CRIC-BİR
Britan Durmah Petroleum, -Beitlin Pretzymatins Co., KADRON
-Reuter
Pune Oft
Statio Corporation Radio Corp. Pret Republo Steel
| Reynolds Metal
Įternode Tobacco
loyal Dutch
Fears, Roebuck & Co.
She Oll_0."
Badarwny Bloyme
40011 Paper
unclair, Gi
Notony Mogu "ÖN
terrorit
Bouth Puerto Rico Sugar
Goathens Co. (PR)
| Southern Natural -čigo
Southern Kallway. (Com.)
NEW ORLEANS Closing prices all in cents per
Mar.
May
LØBER
28.40
17.500
27.200
19.30b
Strafta
SINGAPORE
Closing prices all in
cents per . fo.b. Malayan
by
8080
No. 1 spot 244-84% Bettlernent house torm:
General markete, c.lf. basis, porij
FOREIGN
ENCHANCE
NEW YORK. Closing ratcmn;
30-day Do-day
Soltan Bwitzerland Jefella Pakistan
LONDON
Closing rates: Hew York Montreal Copenhagen
Oxfo stockholm
Viens
£.71-1/16-1.71-2/10
Apuro...
July/Dept.
Ost/Doc.
2416-7496