[ Page 2
THE CHINA MAIL, FRIDAY, JULY 29, 1960.
WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE
London stocks
MARKET DROPS FURTHER improve on
Declines spread
as more
sellers appear
down-
The stock market · continued its
ward trend throughout the week and turnover was a far cry from that of two months ago. Although there was nd panic selling declines were bad enough
in some sections.
Hard hit were Tatkoo Docks and Dairy Farma.
The market more or less followed last week's tattern of declinės:
traded at $1.25 cheaper while the latter was off $2.50.
In utilities Trams were done in small lots at slightly lower rates. Both the ferry companies fell off. Star Ferry lost $4 while Yaumatis dropped $3.
China Lights and Electrics were down 60 and 60.cents res
while Telephones followed suit with a decline of 75 cents.
Sellers appearing in one section would invariable at-pectively tract sellers in another.
Buyers
reluctant were make the rst move and where transactions were made un over was limited,
to
Banks lost ground slightly having been traded at the close ut $1,185 ex. dividend.
In insurances Lombards were while Unions still neglected were with buyers only interested at lower levels.
Wheelocks were comparatively steady and were transacted only fractionally lower.
Interest wanes
Interest
was
In
lacking Wharves with sellers appearing at $240.
In stores both Dairy Farins and Lane, Crawfords were, down around a dollar while Watsons heglected on
โท
Textiles. were traded
dt $8.70 ex-ati which makes it around $11 dullar mark. Nanyangs were down 10 cents at $18.
Marker diary
Friday:
3
$2 were Honkgong Docks down on the week closing at
marked. 105. Taikcos were down closing at $50 showing a drop of $4.50.
Monday:
Providents were fractionally Jower.
Hotels and Lands lost a fair amount of ground.
The former
NOTICE
THE HONGKONG AND SHANGHAI BANKING
CORPORATION
NOTICE is hereby given that an Interim Dividend of £15/- per share has been declared in respect of the year ending 31st December, 1960 at the rate of 1/2.15/158 per Dollar.
This Dividend will be pay- able on or after Monday, 15th August, 1960, at the Offices
Tuesday:
Wednesday:
of the Corporation, where Thursday: Shareholders are requested to apply for Warrants.
THE REGISTER OF SHARES of the Corporation will be closed from Friday, 29th July to Saturday, 13th August, 1960 (both days in-
of
HK Bank Lombard Unton Wheelook
HK Whart
HK Docks
share` market
40
24.09
better demand
London, July 28.
Stocks slowed their downdrift th uncertain markets when buying brought sothe recovery to the leaders:
Plus marks went to Imperial Chemical Industries, Dunloje, British Oxygen and Woolworths but their gains staged small.
* The
at
a glance *
Up or
Dividend
June 30
£200
July 7
July 14
July 21
1238
1230
1210
July 28
1185
Down
& Bonus
Yield (%)
-$25
548
4.1.
41
401
40
steady
$3
#1
91b
边
9ta
$3.40
3.8
7,15
7.30
$7.40
7.35
1.30
---Ge
250
3.8
$422
246
240s
steady
$3
3.7
118
1138
110
107
105
-$2
$10
9.7
Taikoo Docks
5815
54
5434
50
$2.80
5.8
The movement did not spill over from the blue chips and small loses predominated in quiet trading.
Provident
21.10
21.20
20.80
20.20
ZO
-20c
$1.10
4.5
HK Hotels
42
42
41
41%
404
-$1.25
$2.75
6.8
HK Lands
581%
58.
38
58
.5836
-$2.50
$2.40
4,5
1.875
1.875
1.35
1.825
1.725
-10c
156
8.2
3214
$21
326
314
3134
25c
$2.05
6.6
Star Ferry
170
170
1710
171
167
$4
$9
5.7
Yaumatis
112
181
171
178
176
$8.50
4.8
Ch Light
22.78
2214
22.30
22.10
2114
$1.10
5.2
Electhes
28.80
28.00
28.30
28.10
27.60
$1.80
6.9
HK Telephone
384
381
38
38
$1.75
54
5%
54
5314
52
$4
7.8
29.10
28.30
28.80
2834
27.30
-$1.20
$1.85
4.8
28.10b
25.854
13.80
25.60b
263
steady
$1.50
€
4314
434
43
43%
425
--$1
$2
4.5
8.25
84
8.85
8.70
8.800
-100
650
2.5
6.15
B
6
6.05
5.90
----15e
$1
17
14.701
14.30
14.80
14.90%
14.90s
steady
90c
10.90 17
11.10
11.40
11.20
* 8.10 éx÷all ---$2,50
170
19.30
18.40
18.
-400
$1.10
BK Realty
G. I, Cement
Dairy. Furna
A. 9. Waliosi Lane, Crawford Int? Investment Allied
HK FE LAY Textile Corp Vanyang
Cut in margin helps Wall
New York, July 28..
The New York Stock market got a lift today from the cut in margin requirements, but most prices finished below their highs for the session
5.9
Street prices
as the initial burst of enthusiasin petered out | Kansad C. Power & Light. in the afternoon.
The market con- Hinued easier with majority counters vielding further ground. A feature of the
Most stocks had reached their day's trading was peaks during the opening deal- the start rise in ings, but by noon the gains were the price of Ropes cut substantially and trading closing with a gain slowed down. The day's volume of - $12. Volume was at the heaviest pace in
M
*
of business tren-weeks, however, There was a
ab-brief rush of buying orders to sacted was proximately wards the end of the day but $2,058,000.
the list again settled back at
M
the close.
The market react- ed after Arm The margin cut from 90 to 70 opening and closed per cent enables stock buyers to Volume put up only 70 cents, for every irregular.
of barsiness tran$1 of securities purchased, and sacted was ap-borrow the balance from a proximately broker or banker.
$2,308,000,
PLEASED
Continental Can.... Continental Oll of Del,
Creole Pei Crane Co Crown Zellerbach Cuban Amer, Sugar Delaware & Hudson Co.
Diamond Alkali
Diamond Gard Dominion Stores
Dow Chemicki
Dupont de Nemours Eastern Air Line
Eastman Kodak
El Paso Natural Gas
Gatineau Power Georgia Pacific General Dynamics General Electric
General Foods General Motors
Gen. Pub. UN,
Gen. Tel. & Elec.
There was a slight)
The financial community, al-Gen. Tyre & Rubber set back in the market with a pre- though pleased by the action, Getty Oil ponderance of falls feels the reduction could have Gidden Co.
in most sections, a natural reaction to
bithoro
market. was $1,110.000.
been greater.
Kenněco tt. Copper
Kimberly Clark
Ligeti & Myers Tob. Ca
3812 Li Fulp
47
Litton, 184.
blow, Greeterian
254 Locideed Aircraft
41
Loews Tricors.
404% Lone Star Cement Co.
Lowenstein & Sons.
126 North Amer. Aviation
Acival Dutch Shell Oil Co. Safeway Stores Saint Reg. Paper Schenley Inc. Scott Paper Bieties Corp. Sindair ou
Smith, Kiine & French Socony Mobil South Puerto Rico Sugar Southern Natural Gas Southern Pacific Co. Southern Railway (Com. 74.Standard Brends
Blander Of of Cal.
30 Sndard Off àf Ing.
Breweries, textiles and stores generally made a mixed show- Ing but steels, engineerings, shipping and electrical counters were dull.
In Internationals both Uni- lever and Philipe Lampe shaded. Gilt-edged started steady but based on lack of demand with falls up to 4th of a pound, Foreign bonds were neglected.
MARKED DOWN Dealers marked down dollar stocks on Wall Street's overnight performance but some picked up later in anticipation of a firm opening in response to the cut in margin requirements.
HONGKONG
STOCK EXCHANGE
Our Own Corresponu, ná
Business done at the Hong- kong Stock Exchange this morning amounted
to ap proximately $1,54,500. Noon elibutions and the morning's irahsictions:
Bhares Hägeri Sälens Bates HK Bak XD 1185 1195 321100 Lombard Ins Union Ins. 9045 Whert C5. Wheelock 7.30 735
HK Ddek.. 104 10)
Gold mining, shares maintain- | ed their recent firmness while Provident coppers and tins both tacked on gains.
10.30 19.00
HR iletel
s dig
700
В 5616
Oils failed to find favour and k land.. Ultramar's new seven per cent epnvertible loan
stock issue
324 closed at 3% sterling discount
with underwriters having to take up some 37 per cent of the issue. Rubbers and teas were quiet. -UPI.
Closing Prices
Giftedged Bonds
British Transport 3% 1978/66- £50-13/16,
Console 31%=R4-8/18.
Loan
800 $515
Funding Loan 3% 1950/89–£4135.
Funding Stock 34, 1999/2004
争光。 1960/90-
Savings %. 1955/65-287-11/16. Savings 3% 1960/70-77-15/18.
Savings 3%, 1965/73-€70s.
Banks
Barclay's Bark "A" Ltd ord--57%
Lord's Bank “A”-62 3,
Union Insurance Canton-25-13/14,
Allbrátt she Hööri
Alhed
Invert
Texle
Ex. All.. Nanyang
A. Rubber,
125 125.500 e sã
8.60
18 20 6.53 8.70
Bub. Trust -8.500 $50
8.10
2000 4.20
Yaumdi
HK Tram
15
Lorilta
Ch. Light
21%
515
McDertoli J. Ray
3424
Kjerck, ...
58
Mesabi, Iron Comp.
HK Elec.
$1.70 24
29
Minnesota MIKIES.
19115
Minion, Developfrent
23
Monesto Chemical Co.
118
Montgomery Ward
Family Finance Corp.
3124
Motorola Inc.,
Standard G of, NJ. Sterling Drug Co.
Chiniota 45%-68-9/16.
4031
57%
Conversion Lan £150-13/14.
3194.
1901
HK Te... 374 376
234
National Biscuit Co.
60% Stokely-Vini Caitp.
Gi Cement 52 53
Find Nat. City Bank Ford Motar
23
National Cam Reg. "A"
623
National
Dairy
Prod.
56
Stone, &z Walster Studebaker-Packard Corp.
264.
National Lead
88
Sunshine Mining
batry Fagin 27.40 27:00
Funding
55
National Steri. Carp.
74% Swift & Co.
40%
287-5/16.
41
New York Central
18
Texas Co
Norfolk & Werlein Riy
$2% Textron Ine..
3914
kokoi Chem.
Northwest Airlines (Com.)
19
Tide Water Of
Okiahama Nat. Gás Olin Mathieson
24%,
Traders Pinence
38
Travellers Inc.
5gatts Elevators
30
| Tri-Coat Warrinta
Chartered Bank-dis.
13
Owen-bts třiaza
101
Twentieth Century Fox Film
Hongkong-2 50.-
57
Union Carbide
Goodrich 1B, F) Co. Goodyear Tyne
50
Union Oil of Cal.
National & Grindlays
Bank-33s
351
Bd.
475
Paramount Pictures
Insurance
22000 of $20
283
10000
Penny J. C. Co.
3000 ( 3.20
357 Penn. Salt Co.
Tuled
501
51
221 Philip Morris
9921
Pitney Bowes
354 U.S. Line Co.
British Motor Corp.
Drd-150
100
2715 10140.
ZD
Procter & Gamble Co
118
U.S. Hubber
491%
Ford Motor Co-07 31d.
51
Pittsburgh Plate Glass
61
US. Smejting
2144
Portland Gen. Elec.
US Steel ..
70%
1154.
69
Publicker, Industries
U.S. Steel 7 P.C. P.F.
Rolls Royce Ltd Ord-428 30.
431
Pulimsa
33%
Warner Becs,
4515
Rootes Ltd "A”—B_1350, .
interchemical Corp. Int'l Business Machines in't Harvester
44
Pure Oll
28
Standard Triumph International--
500
Radio Corporation
431
53
Radio Cot. Prel. Raytheon
2314
81 14.
sante... 1.725–13423 Fik Gad 14.2 14.30 500
13300
71.
5211
38
2009
45%
Raynolds Metal
521 0
112
Royal Bank of Canada
UPI.
2340.
42d.
5.00 Macko Elec. 12:20 Lace, Craw.
2.08
Great Northern Railway ma-Grumman Aircraft
Heyden Newport Corp. Hammond OrgR Homestake Mining Co. Russman Refrig. Idaho Power Imperial Dil
Ingersoll-Rand
International business Armchines vaulted
nearly eight Gulf O Turnover points in the electronics where #bout gains ran to nearly, three In
Texas Instruments and Zenith. buyers, With
Steels bounced back after adopting a walt some mid-session proBi-taking and Strel Co. attitude, the market to show gains to around two rules quiet with points in Youngstown sheet and rutes showing very one or more in Republic, U.S. He change from Steel and Bethlehem
day. the previods Business transacted Chrysler spurted more than a was $845,000, ter point In motors where American half-day session. motors improved more than a
half on higher earnings.
The irtarket was
easter during the day but buying
near the close Had
a stabilising affect.
Texaco added around a point the oils. Rails and utilities were firm on average..
Volume of business Today's volume was 3,020,000
was $2,258,000.
shares.
Of a total 1205 shares traded, 729 were higher and 210 lower.
clusivej during which period Agreed merchant American
no transfer of shares can be registered.
By Order of the Board of Directors,
MICHAEL W. TURNER.
Chief Manager.
Hong Kong, 12th July, 1960.
rates
Canadian, Maximum Selling
10 31/32: Minimum: Buying
17 7/32 T/T, 17 9/32 0/D.
Belgian Frencs, Maximum Selling 809.
West German Deutschemarks, Maximum Selling 12%.
P&O
R.M.S. "CARTHAGE"
EMBARKATION NOTICE
For United Kingdom via Singapore, Penang, Colombo, Bombay, Aden, Suez-Port Sald.
EMBARKATION Passengers should embark between 2.90 and 4.00 p.m. on Friday, 29th July, 1980.
BAILS:
BAGGAGE:
The ship is expected to sail at 5.00 p.m. on Friday, 29th July, 1960.
exchange volume was 870,000 shares.
Borids $4,900,000.
International Nickel Internationa Paper Inti Tel & Tėl
Johns Manville Co. Kaiser Industries
Oxford Paper Co.
Pacific, Gas & Elec,
Fan American Airways
Parke Davis Co.
171⁄2 Union Palfic Railway
United Alterat
United Fron
391% United Gas Corp.
US Foil "
U.S. Gypnum
95% Republic Steel
Reynolds Tobacco
Yesterday's Closing
20% | Waukesha - Motors
60% Westinghonse Air Brake
Westinghouse Electric
58% West Ya, Pulp & Paper Winn-Dixie Stores
Woolwork (K. W.)
763 Zenith Radio
COMMODITY PRICES
LONDON
Closing prices, all in sterling
volume amounted to
COTTON
per long ton;
Tin
Spot
3-month
Copper
Spot
3-month
Dow-Jones closing averages
were:
30 Industrial 20 Ralis
15 Utilißies
Stocks
40 Bonds
Comm: future price Index 144.31
Closing Pricas
Abitibi Pwr. & Paper
Alden te, Acy,
Algorta Steel Corp.
Allied Chemicals
Allied Mills Inc.
Allis Chalmers Am Brake Shoe American Airline Am. Cable & Radio Corp. American Cyanamid Co Arher, & Förga. Power Ar. Home Prod. A. Mach. & Fo dry. American Metal Am. Naturst Ges American Shelting Am. Sugar Bet, in American Tel & Tel Arperican Tob.
Ampex Anaconda Copper Apoo Blee Aznotr Rifestos Corp. Allan Coba. Mining
Batman Bank of Mother
Ek of Nova Bosta Heech Lifa Kavers Bell Telephone, Bendik Aviation Corp. Benguet,, Cons
Bethlehem S
Boeing AttpliNE. Abhan (Thu chi
Butrdugha Add Msenise
British Amer. 91 British, Columbia Fice.
Canadian Pacise R
Should be sent to the Hongkong & can of Común. Kowloon Whart Co.'s Godown (No. 2 Can: Brewers Gate) by 5.00 p.m. on Thursday," Cape Card, C6, 28th July, 1960.-
SUBJECT TO CHANGE
cat, Triebe
Celinisì: Cõt:
CIT: Financial Cory: -
Chrysias Materi
Cluett PaBold
Colgate-Palmbi
Copunerea Consolidated.
Consumers.Ou
prices all in cents Lead 2nd half July
NEW YORK
603.6! 137.06
9217
201.04
per 1b.:
Closing
83.30 Epot
Dict.
Dec.
Mar
May
July
Oct.
$5815 Dec.
4815 Mar,
S
NEW ORLEANS
SUGAR
NEW YORK
Contések No. 4 (world; Closing prices all iri cents per
8161
8162
***
24614
71
Oct.
7536
Zine 2nd half July
33.51 31.10-11
Oct.
UPI.
31.33
gent.
Oct.
Jan.
Mar.
Maty
31.74b
32.506
32 Cildeing prices all in cents
3901 per lb.:
19% Spot
533% Dec. 734 Idar
DO
May
Y
Dec.
Mar
LIVERPOOL Closing prices all in
56
32
per 1b.:
479%
July/Aug
American Contract
2214 Dec/Jan.
1914y/Juve-
July/Aug Oct/Nov.
Mixed Contract
Epot-FAS, Cuba)
Trial Sales: 350 contracts.
Open interest: 4,370 off 07.
53-12
3.40
3.3m
3.3ab
$2,050
32.30 FLASO
37.460
RUBBER
30.78
31.08
21.300
Sept.
Rex prices, all in cents per lb
NEW YORK rubber futures closing
Contract No.
(domestlë)
Sept Nov.
0.15 6.11
Sport-CIL NY, ex-duty), 8.00
Nov.
$2.256
Jun,
Mar.
$2,400
May
July
25.200
35.306 25.000
METALS
SINGAPORE, Closing prices in all straits
cents cents per lb. tob. Malayan.
ports:
No. 1 July
22.50
22% No. 2 July
2245 No. 3 July
12.43 No. 4.205
22,00 Spot rubber unhaled
Blanket, crepe..
No. I pale célbe purs
LONDON
Closing prices all in pente per
No. 1 Rax spot ........
"Settlement" house term: Sept.
Genere
Bept.
Total Sales: 104. contracts. Open interest: '2,263 off 17-UPT
FOREIGA EXCHANGE
Hawker Siddeley Group Ord-288
Bjeweller
Distillers Colts.
South African Breweries--~245 · 30.
Buliding kid Materials
Associated Portland Cenent-Rakew
Goodlats Will & Lead Ord-35s Gilmans
Cool, strel jud. Esgineering Babcock & Wilcox Lid-535 115d. United Bleel-tia 3d.
Vickers Lid-30+ I{gd. **
Food and Tobaéco
British American Tob. Co., Ltd 55% 8d.
Imperial Tobacco Co., Ltd-tsa gå.
Boardman Marder. Lídis British Oxggen Lik ozd---100= | 34, Canadian Pacific Bly-8423jd. De La Rue Co. Ord. Dunlop Rubber co-258 90. Giman Holding Ltd Za 450. Hongkong Ching Gas–155. Imperial Chemical ad Lyons & Co- 450. Unilever Lid-1586 1958.
Paper Bowater Paper Corp Ord-67
Radio and Electrical Asociated Electrical-éim Jiad. Electrical & Musical--45s 6d. Englisis, Zingizie. Co-954 3. General Electrio-23. D
Shipping Indo-China Steam
15.30
13000 * 8.20
403 OF BAS
NY sugar market
Now
tock, July zá, World Na, suraz futures kóday closedelini. Boldte
Kurser to ditchinged da izies
of 350 contrábla.
Quick puittast by an operá- fidr for Brazil; of an éillire, biček |bt: 80,000 is of raws oftéring 64. Soday by Brazil in the world market at 3.42, certs (a pouild touched off buying in world futures lay in the stasion,
Nav. Co. det PLO sirim Navigation det ord
Debenhams, Ltd. Ord-438 04. Great Universal Stores "Andis Marid Specber LM-784, Tisd. Woolworth F. W. & Có-éða ód.
Textiles
Coats JP Ltaly 3d. Courtaulda. 14Q-099 FIJD.
What
Coma-Coleld of South Africa---.
Cons Zine Corp. ord-748 60.
299 14
De Beers def-140% 745d.
Hongkongin=116,420,
Potning Tin=78 739d.
News also arrived during tradit hours that India is sounding out the U.S. Govern- ment about selling America some of Ite surplus sugar- UPL
U.S. INVESTMENT
QUOTATIONS
The following are U.S. Invest- In American dollars. ments Buyera prices include mission:
Sasther, Kinta Cons Liii. 28à la. Afflicted Fund Union.Chirp 500 1369.
Aft Bus Bhurs Vest Driefontein Goldmining-Bis | Atom Dev Muż
Axe Hought B Bullock Frid Canada Gien rand Bri Boreo Petroleum Syndi Camedian Fund
Int Growth British Burmah Petroleum Cell Fund Petroleum Co., Ltd-1 With Block
NEW YORK
Closing rates: Canada
May England offeri
-
Biday
90-days
102-25/22 2.8090
2.7045
i Australis)
British
New, Zelland
dt
Bouth Ariel
Belgium
Others unchanged,
LONDON
Closing rates.
New York
Sa Amsterdam
Closif picke all in guillies: On ber kilogram, ci£ Fidy?
Eit-drib, Trading-201
Exchange rates
morning at the following, ruseni,
tadoraslan rupteds (per, 100)
1898 – Miani, tidala: (per 100),
Singapors (Straits) |
brydend sh Dreyfit Fund
Eats H. Block
Electrodes IDV, Found Mat Piña Full treest Group Com Stock Hamil YA HC-7 InitFound,
Mm drewus Ins Incurse
Ballers Buyers
7.30
1241 1431
卫