Pagë Z
THE CHINA MAIL, FRIDAY, MAY 27, 1960.
WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE
Wall Street
MARKET EASES SLIGHTLY falters on
Reaction sets
in on
on more
profit-taking
Unsettled conditions continued in the market throughout the week resulting in a considerably lower turnover.
Attempts at recovery failed to sustain with proli-taking pul- sing a damper on any improve
meni.
The market on the whole however remained comparatively steady and price changes in most cases were fictional.
Banks led the declines with a; drop of $25 on the week followed hy Wharves which fell off by $14.
There were a number of ex- quiries for Union but Lombards appeared to be left out in the cold.
Both the Dock companies re- mained steady, Hongkong Whampoa Docks put on a dolier | while Taikoos, remained steady at $60.
Providents continued in de- mend and advanced 40 cents on the week closing at $21.00..
Hotels strong
Hotels remained strong with
i
Al the close yesterday the market appeared to ease but there were signs that buyers were ready to come in again,
Market diary
Friday:
Monday:
buyers always present to snap up Tuesday: offerings. They closed at $42-
$2 better on the week. Lands remained steady at $80 with a fair amount of business.
Realties were perhaps the most dealt in during the week and reached a high of $2.12. They selling eased off slightly on pressure and closed at $2.075
In Wilts Tratis,
China Ligs and Electrics showed fractional gains while Star Ferries were neglected with Bel- lers at 5180 at the close.
Cements continued to improve with news of better sales and closed at $54-$3 to the better.
In stores, Dairies improved
while Latte, Crawfords remain-
Unsettled conditions prevailed in the morning with shares offering at lower prices. Buyer's oppezred later and 105925 were so recover-
Â.' Turnover Bot The "day WUF Eb- proximately $3,590,000.
There was renewed demand for serio at the
and opening the market ed. vanced on a brood front. Profil-taking
in some sections
were encountered. Volume of business transacted-was, ap-
EK Bank Lombard
T
The share market
Union Wheelock RK Wharf
HK Docks
HK Realty
at
aglance ★
Up or Down
Dividend
& Bonus
13.10
Field(%)
★ 9935-26-39999997_033
late selling
New York, May 26.
Stocks, irregularly higher all day, faltered under a barrage of profit-taking around the close totlay.
The market
was
ultra British Amer, Oft
Apr. 28
May 5
1275
May 12 1290
May 19
May 20
1209
T3B
-$28
1814b
46)
24 xd
-$2
961
.95%
91b
號
-$1
7.20
4.20
+100
230
278
2k8
248
113
110.
126
115
+11
310
Taikoo Docks
59 xd
633xd
654
60
60
steady
Provident
21.30
21.60.
23.49
21.28
21.60
+40c
52.80 $1.10
HK Hotels
371
3814
44
40
12
+12
*$2.78
HK Lands
60
59
80
steady
> $2.40
LOTS
1.975
2
1.95
20
+1240
18t
HK Trama
3214
2014
314
32
+250
$2.05
Star Ferry
162
180
182
1825
180
49
Yaumatis
180
181
186
178
1741
$8.50
Ch Light
23.60
2344xd
24.10
2234
22.89
$1.10
Electrics
26.20
29.10
304
26.YO
$1.90
IK Telephonr
373%
384
1024
齉
$1
$1.75
G. I. Cement
444
4744
541
+$3
34
Dairy Farm
28.10xd
2814
3114
2844
28.20
+700
$1.85
A.B. Watson
28.80%
28.80%
29
26.201
231
-201c
$1.50
Lane, Crawford
$6
3624
4214
*1
steady
$2
Ini Investment
8.45
8.75
6.80
8.10
siendly
*85c
Allied
7.95
6.90% xd
6.85€
1.ba
B.EAS
-10%
$1
last three sessions, dropped fraction, as did Polaroid with loss of more than four.
15b
15.60
16.10
16.90%
15.80s
-100
90c
*10.20
10.79
1000
++20€
65
International
15
18
14.80
15.60
18.00
+30€
$1.10
HK FELAY Textile Cory Nanyang
豁
HONGKONG London Market Rubber
STOCK EXCHANGE
Our Own Cerimtesndəns
London Market runs into profit-taking
London, May 26.
Business done at the Hong- Stock markets ran into profit-taking today, but plus marks still managed to outnumber minus signs by the closing bell.
proximately kong Stock Exchange this
$5,313,000.
morning amounted lo approxi tons and the morning's transac- mately $1,552,000. Noon quota-
tions:
Sharer
The stock market made flasher pro- xress so far as rates were concerned. Reaction set in leter GOVT. LOANS
31 (1048).. proit-taking. BANKS Volume of business; HK Books
East Asia to amounted
INSURANCES Undon
on
$4,207,000. Wednesday: Firm conditions
Crevailed market during the helf day session Dock
ed steady, Watsons falled to Thursday:
sustain interest and closed at
528 nominal.
Both Textfles and Nanyangs showed fractional gains although they were not dealt in consider- able Wumbers,
The rubber section remained Arm.
Bayer Betters Sales
8:215
1280
200
69
SHIPPING
Waterboat...
the
Wheelock
5.10
DOCKS. ETC. K. What
112
21.40
59
4124
(Hin)
5812
24.60
34
2005
7.75
with very Title price changes. Provident Benks were easier
Unions and
were enquired for el 1ower levels. Business transected was about $2,000,000,
Taikoo Dock
HK Hotel LAND. ETC. HK Lend Humphreys Realty RUBBER Amolz. The fregular with Jovo-Cerveri minor gains and UTILITIES
market
was
Trem
losses. Banks were Star Ferry lower while Unions Yaumell C. Light Electric
етс ignored. Volume of business
was slightly over
$4 million.
THIS IS YOUR WORLD
When you place your Capital on Deposit in
a Bank Account, earning
per
32
annu
Payable hall yearly without deduction of United Kingdom Income Tax, thus giving you the best
of both worlds.
ASSETS EXCEED £100,000,000
Write today to the General Manager for your copy of “Bank Deposit Account,” Booklet No...AO.74
LOMBARD BANKING
maronai!
LIMITED, BANKERS
LAKŠANO HOUSE, VORZUM UTREET
PARK; SPUNE, LONDON W.1
· Associated Banks
LOMBARS KERKING (VAR FART) LTD
Telephone
NK Gas
INDUSTRIALS
Cement ....
Rope
*
30%
173
£2,00
28.30
1280
63
18.70
STORES, ETC.
Dairy
93,90
Watson
401⁄2
Kwong S. it..
Ira
COTTONS
Textiles
10.00
15.80.
Lane, Craw.
Nin, anx
USCELLANEOUS
Gilmans INVESTMENTS
Int
Allled
ཟ 8རྨཱ 8 8 ཧྨཎྜ ཀླི ❁ སྠཽ 3 a ལྫོཎྜཛོ༔ གླུ ་ ་ ནྟིཾ་ ིི ཨི སོང . ིིད་སྐྱུ
1224
Yesterday's wide demand for industrials ebbed but selective buying made
good many features.
Somie blue chips shaded. Breels turned erratic but up- turned in late buying. Else- tricels held firm while breweries, tobaccos and building issues went ahead.
gave
2130 bends stayed idle and dollar
stocks burned dull.
Canadian Pacific Ri5-4455%
De La Rue Co. Ltd, ordinis pà, Bunlop Rapper Co 278 pa.
market
review
Singapore, May 26. Despite overseas advices be
Ing much improved the opening was hesitant and sellers met the market at very little over last night's final levels.
Buying was thin and restrict- ed whilst interest in lower sheets seemed better though mostly for
man Ricing Lids #d. Hongkong China Gas-16 3à n. nearby shipment. Imperial Chemical-80% 8. Lyons & Co-Flis cor. Unilever Lid 150m 18/5dy"
Paper Bowater Paper, Corp Ord–725.
Amioistated, läcetrical mera då. Electrical & Musical—60s·10TGAN. English Electric Co–401. 05. General Electric-s
Shipping Indo-Ching ord-236 d.
Steam Nav. Co., def P&O Steam Navigation def brd-- 39 9d.
Investment demand gilt-edged a boost but gover 114ment securities did not always
hold their best rises. Forelm
231
5614
Great
London buying put gold mining
14.
shart's up again.
Coppers were firm and
other
base metals improved.
2.03
continued their recent
advance
7A5
and teas were quiet.-UFI,
7.70
Oils were uncertain. Rubberts
Closing Prices
Giltedged Bonds
174
British Transport
KATH
2816
Consola 2%-£ 47.
28.40
23,30
Consols 15-£{V}%
5%, 1978/88
Conversion, Loan 355. 1909–
85282-7/16.
Funding Loan 3% 1959/00-
391 £82-7/19.
Funding Stock 32%, 1909,2004........
Funding Loan 4%. 1900/36— 2.98-15/16.
13,90
54
53
Savings 3%, 1955/65-201-3/18. Savings 3%, 1980/76—200-18.
Savings 3, 1998/75 £144.
Banky
29.10 Barclay's Bank "A" Ltd.of-648.
25.90
2914
35.90
15.00
2.18 10
Chartered Bank—33s 6d. Hongkong-16045.
Lloyd's Bank "A"-629 91.
Insuranca
Union Insurance Canton-29%.
Aircraft and Motors
British Motar Corp. Ord-19, 474. Ford Motor Co-lib 14.
Farver Siddeley Group Ord-30s |
Rolls Royce Lid Ord-37%.
Rootes Ltd "A"—105 4124.
Standard Triumph International--
8.75
8.05
8.70
118.
8,50 6.40
Chicago grain market
Breweries
Distillers Co-5 101.
South African Breweries 3.
Beliding And Materiale Associated Portland Cement-03%
101⁄2d
34.
Goodings Wall & Lend Ordits
Coal, Steel and Engineering Babcock & Wilcox Lads 11⁄2d. United Steel-78 d.
Vickers Lad-sm Bd.
FOOD END TONAÇen British American Tob, Co. Ett
4160. Imperial Tobacco Do., Ltd--07:
Miscellaneous Boardman Marden Ltd-és 10158. Brith Oxygen Lid. On-928 d.
U.S. INVESTMENT
QUOTATIONS
Starer
Universal Stores "A"
Marks & Spencer Lad–729 1168. Woolworth F. W, ≥ Co—69a 45d. Textiles
Coats J&p Ltd 44% ed. Courtaulda Eld-650 1016d.
The afternoch was quiet at the start but, with lack of sup- port and some upcountry selling prices later eased.
Lowers were neglected.
In New York, rex rubber futures today closed 10 to 30 points lower with sales of 39 contracts.
OVERNIGHT GAIN The current May delivery went off the board
2000 pound trading up to 49 cents a for an overnight gain of 400 points,
selective until the final hour Calit. Packing Corp.
Cana, Ek of Comm when even some of the recently- | Čans. Brewera
Case (J. 1.) Co.
favoured ectronics showed the Campbell Doug Co. Other Canadian Facite R. strain of heavy Belling. chief targets were the steel, car Cat. Tractor and oll groups.
Universal Mateh, strong the
Celanese Corp.
C. 1. 2. Financial Corp. Chase Manhat Bank
chrysler Motors
Cluett Peabody
a Colgate-Palmolive Co. Colombfan Carbon Co. Commercial Credit Consolidated Edison
Business Ma- Continentai Can
chines, up nearly 12 at its best, Contimental OH of Del. Just More than half of the rise! Crane Co.
in the late selloft.
Texas Instruments lost
Crown Zellerbach
Delaware & Hudson Ca. Diamond Alkali
more Distillers-Seagram
than thrée and Zenith Ground Dominion Stores
two.
Profit-selling
Douglas Aircraft dropped Dow Chemical many of the recently popular Dupont de Nemoure glamour stocks from the day's Eastern Air Line best levels.
Eketman Victlak
Family Finance Corp,
Today's volume was 3,720,000 First Nat. City Bank
shares.
Of a toba 1227 issues traded 459 were higher and 555 lower.
American exchange volume
was 1,380,000 shares.
Georgia Pacine
Firestone Tyre & Rubber
351
Ford Motor Co. of Cana.
149
Ford Motor
B5:
531%
44
90
116
4531
Gentral Dynamics
Gederal Electric
General Foods General Motors
Gen. Pub. Util.
Gen. Tyre & Rubber
Bond's volume amounted to Glidden Co. $5,800,000.
| Goodrich (B. F.) Co.
Goodyear Tyre
Great Northern Raliway Dow Jones Closing averages Grumman Aircraft
were
30 Industrial 20 Rails is t 05 Stocks 40 Bonds
Comm. future price Index
Closing Prices
Abitibi Pat, & Paper
Alden me. Acy.
Altona Bieet Corp.
Gulf Oli
Hammond Organ
622.78 Heyden Newport Corp.
141.55 Hiram Walker
06.85 Hohestake Mining Co. 206.04 Huksinan Rafrig.
88.50 Idaho Power 148.50 Imperial Oil
Imperial Tobacco Ingersoll-Hand
Inland Steel Co. Interchemical Corp.
Its Business Machines 1011 Harvester International Paper Int'l Tel & Tel
Johns Manville Co. Kaiser Industries
Kansas C, Power & Light Kentecott Copper
Kimberly Clark
Lggest & Myers Tob. Co.
|
Alled Chemicala
Alfed Mills me.
Ant Chaimers
Am, Brake Shoe
42
American Alting
19
American Cable & Radio Corp American, Cyanamid Co.
Lily Tulip
B
Litton Ind.
Amer, a Forgn. Power
Lockheed Agcraft
Am. Gas & Electric
Am. Home Prod,
About half of the trade was Am. Mach de dry. centred in the spot May, de- American Metal livery. Wall Street commission | Am. Natural Gas houses, moving to cover, had to Antipan Emelting Cons Goldfields of Bouth Africa-bid the market up before un- 86: 440
MIDE
Cons. Zinc Corp. Ord-756 64.
De Beers del-Jets Pd.
Hongkong Tina Bd.
Petaling Tin-
d
Rand-Es.
Southern Kinta Cons Läd÷27% 98, Union Corp-85$ 475d.
West Driefontein Gaidyining- 875 3d.
ou.
British Bornes Petroleum Byndi. cite=425 98...
A
Brich Burmah Petroleum-28. British Petroleum Co., Ltd-ta 1.
Burmals-450. Royal Dutch Petroleum-413-19/32 Transport & Trading-145s Stell 30.
-Router.
Yesterday's Closing
loading offerings from trade in- terests,
Strength in May acted to steady e succeeding July de-
A gay Ref.
pla, Loews Incorp,
180
23
B1
36
America Tet à Tel
American Tob,
Amipex
Anaconda Copper
Armes Steel
#1
Armour
43
| livěty, which rallied 1⁄2 cent a Ate Cons, Mining pound from the morning low Barain-Line-FERTY). point
Later months were easier in tone reflecting the lower cables and the slow factory interest In the spot market.
Current month No. 1 Rss was quoted 141⁄2 cents, nominal.
In London, the rubber market was barely steady with spot quoted at 38% pence.-UPI.
Baltimore & Onio
Bank of Montreal Bank of Nova Scotia Beach Life Savers B. C. TH. CO.
Bell Telephone Beneficial Finance, Bendly Aviation Corp. Bergret Conă.
Bethlehem Breel
long Airplane.
Boeing Altplane
Burroughs Add Machine
COMMODITY PRICES
COITON
No, 3 June
No. 4 Jule
117-119 TEZ-13%
113-1143 130-131
Spot rubber unbated... 14124-1282%
Blanket grepe
No. 1 pale crepe,
LONDON
Căing prices all in pence
NEW YORK Closing prices all in per lb.:
cents per ib:
No. 1 ss pat
Beliserpent house terms. Spot: 3415; July: 3282; Oct; 3107;
July/Sept. Dec 31.12: Mar: 31.52 May: 51.78 Octy/Bed. Juir: 8175; Oct: 31.46; Dec: 31.50; | Jan./Mar, Mar: 31.9.
Aps://bany
NEW ORLEANS.
General markets, cil. basis, ports,
Closing prices all in cents July Atry.
per lb.:
Spot: 31.00: July: #232; Oct; S100; Dee: 318; Mar: 3152; May: 2180; July 3134; Oct: 31:40; Dec: 31.75; Mar: 21.85.
LIVERPOOL
SUGAR
Lone Star Cement Co.
Lowenstein & Sons
MoDermont J. Ray
McDonnell Aircraft Merck
Menai iron, Corp. Minnesota Muring
64% Migon Development
Molsone Brewery
#Mersanto Chemical Co.
Montecat
Montgomery Ward
Motorola Inc. ...
15|| Marticored Bicult Co.
My National Cash Reg. "A"
Bib National Dairy Prod.
$14 National Lead
$12
National Steel Corp.
4
New York Central
447
Naranda Mities Lick
Norfolk & Western Ry.
North Amer. Aviation
Northwest Airlines (Com)
3436
VT.
rahanta Net, Gas
Oln Mathieson
21 Otis Elevatore
25
Owens-linols Chias
Oxford Paper Co. Pacific God & Prep. Pan American Airways Paramount Pictures
Co
Parke David Co.
Penny
Per Salt Co. Philip Morris
Pitney Bowe Procter & Gamble Co. Pittsburgh Plate Glass Publicker Industries Pullman
Pure Off
Radio, Corporation Radio Corp. Pret.. Raytheo
Republic Stee
Heynolds Metal
Köyal Bank of Canada Royal Dutch
Rheen My.... Bears, Bocúck & Co. shell OU Co.
Safeway 'Etor
Saint Reg. Paper
cents Schenley Inc.
NEW YORK Closing prices all in per Hb.;
Contract No. 4 (world) ».,
Scott Paper
Megar Corp. Azjat Sinclair O
BOS-CT smith, Khme k French
3.300
3.58
329
Justy Sept
Oct.
Jur
NAT.
May
Estäte crepe this June
July
thick June
38LL ---UPI.
Spot-AB. Cubas
Total Salca: 208 contracta.
Open interest: 8,2352 poptracta,
Contract. No. 6 (doinestic)
Fúly
Sept
0.55
Nov.
4.89
Spot-CAL, NY.. ex-duty) 155.
Total Bales: as coritracts, Open loterest: 3,094 contracts.
NEW YORK
Chicago, May 26, Most Train futures drifted moderately lower in aziniler slow glon today on the Chicago Board of Trade. Wheat contracts were
quiet and mostly steady. A religious holiday curtailed export trade, and the only business reported was a sale of $55,000 bushels of The following are US. Invest- westein white wheat to India. ments in American dollars. May/June: 22.40; July/Aug: 23.15; Selling in wheat futures was Buyer's prices include com-Oct/Nov: 12; Dec/Jah: 210; restrained by hews that rain in mission:
Mar/Apris 24.20; May/June: 22.50. Texas and Oklahoma had delay-
Mixed Contract
Oct/Nov: 223: Dec/Jan: 00:40; MAY/April: 2155; 358://3D: 255 per 15:
ed cutting operations.
Choking price all in pence (per 16.4
Afstated Fund
KANG KRYMI 7.37 7.70
4.07
$500
UPL
Am Bu Shre
Soybeans eased In Q dull Atom Dev Hurt market. Commercial interests Are Bought B were the main sellers. Meals Bullock Bund
Brm.
功
15.12 37.23
15.34 160
and oils declined after opening and Gen. Fund.. 12.Az
Canadian Id Canadian Int Growth Exporters said Venezuela par- Chemical Fund chased small amounts of spring Dividend Sh
Comwith Stock wheat. India and Turkey were Dreyfus Fund said to be in the market for ton & H. So, ILE more whest--UPI.
Exchange rates
official exchange market this Ang aking delibering rates U.B; dollars (per #1}^2} Sterling Notes (per R1) Australia notes (per 24). Indonesian rýplety (per 100) 3. Stam Goals (EAK-X00}} Singapore (Struktu)
Electronics Down
Found Mut, Pand ......... 1008- Kamil Fà 2.7
It Pound Icallt Growth Trufle Income, Invest Tr Bontán Keystone Cost: B
morn- þam. Jay De
- 4.75 | Net - Bee, Ber: Growth
1030 Scudder M & Cl.
12.65 Telev in Wund-
: 30 } Valve Line, Fund
American Contrket
RUBBER
NEW YORK
Ivan
July
Zine
METALS
$1.50
FOREIGN FACHANGE
NEW YORK
Closing rates: Comedi England official
Closing prices, all in sterling Addreifa
Yong bok
LONDON
Bost Sellers
New Zealand Bouth Africa
Pakistan
LONDON Closing rates;
12056
Body Mobil. Dil
South Puerto Rico, Sugar Southern CS. (The)
Boulinin : ffatural Gas
Southern Railway (Com.)
Sperty mana
gabelkrá Brands
Standard Dil of Cal Standard Oll of ind
Braid Oil, OF NAT Steep Back
Sterling Drug Co, Stokely-Van Cath.
| Stone & Webster
Studebaker Packard Cory. Buhige Mining
Swin & Co.
Tess Co
Tide Water Off
Настатия
Union Carbide Union. Oll of Cel
Union Paciße Railway
United Fruil
Brated G Cap UB, YB
2,8008 18. Line, Co. 12 UB. Bubber. ››
Ug.. melting
VS. Steel
216 0.5/Breel † Pr..
Warner Bros. West Motors
Winn-Dixie Stores Woodworth (kW).
121