Page
THE CHINA MAIL FRIDAY, AUGUST 5, 1960.
WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE
London stocks
MARKET PRICES IMPROVE close with
Confidence
returns
after holiday
Confidence returned to the local stock
market after
Inost
holiday.
Was
long
weekend
A fair improvement in prices | Issue of 1,000,000 new shares at resulted from increased buying $15 at the ratio of one for every interest during the week and in four held.
sections business transacted at mid-July rales.
rise has been gradual The and is considered a good sign by brokers,
week were Features of the
of an interim the declaration dividend of $4 by the Star Ferry Company 50 cents better-and the announcement by the Tele- phone Company of the date of
HK unit
trust
company formed
The first unit trust ever formed
Banks at ex-dividend were better on the week while Unions also improved slightly.
A fair amount of business was transacted in Wheelocks resulting in a slight rise.
Talkoo Docks closed $4.60 better putting the price back to a fortnight ago. Hongkong Docks were up $4.
remained Hotels were up Flightly while Lands put on a substantial $2.50.
China Providents steady at $20.
Star
In utilities both the Ferry companies improved Ferries were
up
Yaumatis out on $6.
$3
while
China Lights and Electrics bath improved by 70 cents.
Telephones improved on an- nouncement of the new issue dale.
! Cements closed at $54 on bet-
ler company news.
Dairies improved $1.30 while Watsons remained more or less steady. Lane, Crawford despite
an improved dividend closed at
3414 sellers.
International Invest-
★ The share
HK Rank Lombard Infor Wheelock HR Whart
HK Lands
403
market at
a glance ★
Dividend & Bomis $48
★
Field(%)
July 7 12:30
July, 14 1230
July 31
1-10
July 28
Aur. 4
Up or Down
1185
1195
10%
91b
938
90b
$5.00
7.30
· 1.00
*7.86
7.30
250
210
240
2101
$8
3.7
HK Docks
113b
110
10%
105
109
$10
97
Taikoo Docks
58
34
5436
$2.80
5.5
Provident
21.20
.-20.80
20.20
20
20
$1.10
5.5
HK Hotels
42
4134
413
4014
414
32.75
BK
6534
12.40
HK Really
1.178
1.85
1815
1,735
1.825
15e
8.2
HE Trans
#4
11%
4134
$2.05
Star Ferry
170
1711
1714
167
$9.55
Yaumatis
181
171
179
178
182
$8.50
Ch Light
2234
22.30
22.10
2134
+790
$1.10
Electrics
28.80
28.50
28.10
27.60
28.30
$1.00
HK Telephone
384
18
37%
+$1.50
$1.75
G. 1. Cement
54
5214
+-$1.50
34
Dairy Farm
28.30
28.39
281
27.30
38.68
+$1.50
$1.85
A. 9. Walson
25.808
25.80
25.60h
268
25.60
steady
$1.50
Lane, Crawford
434
43
42s
4140
$2.75
Int'l Investment
8%
8.85
8.70
8.18
+50
85c
7.1
616
6.05
8.20
+106
si
14.8
14.00
14.00
14.90%
16.30%
16.501
steady
900
5.9
11.10
11.40
11.20
1s
19.30
18.40
18
14.20
---$8.80
$1,10
7.6
• ex bonus lardė,
Allied
IK FE' Inv Textile Corp Nanyang
+
8.70 ex-all, 8,79 ex-ail steady
Last minute recovery
on New York market
New York, Aug 4.
mests showed marked improve- The stock market staged a last minute recovery move today, but the effort
In Hongkong will begin opera- ment and closed at $9.15-85
Monday when sub-cents batter on the week. tion on scriptions will be invited to a
block offer of
one million
ualls in the First Hongkong Friday: Fand at HKSI & unii,
Investments in the. portfolio
of the Fund will be for the pre-
isent confined to a list of lead-
ing stocks quoted on the Hong-
Kong Stock Exchange.
Market Diary
A new company, Hongkong Unit Funds Limited, has been formed to operate the First Monday: Hongkong Fund.
An investment committee has also been formed comprising two Jeading stock brokers and a well-known businessman.
on
Tuesday:
The Custodian Trustee for the Fund will be Hongkong & Shanghal Bank, Hongkong (Trustee) Ltd. who will hold the investments of the Fund on behalf of unitholders, collect dividends and distribute to each Wednesday: unitholder the appointed distribution dates his proportion of the net income of the Fund.
The inauguration of the First Hongkong Fund will enable an investor to spread his invest- tments over the ordinary shares uf many first class companies which have been cirefully selected for their managerpent and future prospects by the investment committee,
Unit Trusts have proved most popular with the investing public in the United Kingdom, United States of America, Australin and recently Eri Malaya where the two Funda of Malayan Unit Trusts have been well supported by the public.
Yesterday's Closing
Thursday:
to
20-
was too little and too late.
the
Algoma Steel Corp. Allied Chemicals Allied Mills me.
National Cam Reg. “A
HONGKONG
STOCK EXCHANGE
$
ilu: O-n Correspond wi
Business done at the Hong- kong Stock Exchange this morning amounted to ap- préximately $1,412,000. Noo quotations and the morning's 3 transactions;
Shares
HK Bank
-
ха
Lombard fat.
By | Union Ind.
Whast Co. Wheelock"..
Buyers Sellers 1190 1219
galer
25 1000
13 69 1200
small gains
London, Aug. 4.
Industrial stocks scored small galiu in quiet mar-
kets with stock in short supply.
Record employment figures for June and Britam's much- improved gold and dollar ce- serves showing outweighed the Influence of Wall Street's lower trend.
in
Buying though Wety heavy, sparted- modest gains practically all groups.
The Morphy-Richards elec- trical appliance group started on the takü-övér- bid from Electrical and Musical Industries and jumped better than six shillings to touch 30 shlilings
Imperia Cham
Lyons & Co-10 303 Unsever od 1500 66%
Bowater Paper Cap Ord-58% ed,
Radio & Electrical
Associated Electrian-80 0.
Electrics & Musiest-40s 40sd. Engin, Firetrie Con309-94, Centre? Blectrip-368
Shipping
Indo-China Steam Nav. Co, det
..P
by the final bell. EM.. eám Navigation dat brai after offering two ordinary
for shares Morphy Richards shares.
Storad Crest Univer Stores "Ada
their three! 450
Philips lamp's and Unilever dipped among the internationals anál dollár stocks again dropped. Gt-edged ended viftally un-
Gold mining Issues got off to a poor start but notched- scattered small gains in late deals while both coppers and tins stayed dull. Diamonds shaded.
Royal Dutch dropped slightly In a lifeless olls section.
rubbers Teap and
easter. UPI.
Closing prices
were
·Giftedgek Bands British Transport, 198/a- RBOYS.
Conable, 4% 22. 19394.
Conversion Loan isa-
Funding -Loan 9%, 1963/0=-281%. Funding Stock 3%, 1999/2004 £84.
Funding Loon
£871
$9
91 821
**240
7.45 735 4000
3.
83.37 144.08
i
Closing prices
Konserbo-Chemical Co. Montecatija Montgomery Ward Motorola Ine. ****
National Blacuit Co.
Abiti Pwr. & Paper Alden Inc. Acy,
31
National Dairy Prod
481 National Lead
30% National Steel Corp.
32
New York Central
12
Noraba Minze Lid,
281
Norfolk de Western By.
301
North Amer. Aviation
181
816
Otin Mathieson
Ahame Nat. Gas
Northwest Airlines (Com)
75
Citis Eldes
HK Hotel
41 4134
Owen-Elijais Glas
HK Land,
Elec.
Yeumati
1:2 169
coming
Ailis Chalmers
Am. Brake Shoe American Airline
It caught the market by 40 Bonds. Sellers retreated surprise, interrupting what had Comm. future price index .. under fresh buying been a steady whittling of
from and the prices enquiries
operting. market closed firen Minutes before the close the in all sections. The crowd caused the stock tape to day turnover rum a minute behind Roor trans-
ections. amounted proximately $2,313,000.
The heavy buying, Holiday
when it did, 'Albered Into the The market opened blue chips, then spread rapidly after the August to the aid of the hard hit Bank Holiday on a steels and motors. It also en steady undertone abled IBM, one of the few day, to with trading on a strong issues of the lighter scale, The stretch its gain to more than market closed with seven points. a fimmer undertone. Turnover was 30- proximately $1,510,000 The market
Con
tinued to show
2
AIRCRAFTS UP
Bocing as around a point in the aircrafts where Martine and Cessna both gained more than one point. Ford and Chrysler, dualties in their group, were able to close with gain of more a half.
generally firm tone during the half day kussion although business was tricted.
In Ame sections rates im- Today's volume was 2,840,000 proved fractionally sheres. Of a total 1,193 shares Business transacted unded 477 were higher and 44 amounted to ap- lower.
proxim a tely
$1,010,000.
Am. Cable & Radio Corp. American Cyanamid Co," Amer, & Forn. Power Am. Gas & Electric. Am. Home Prod. ... A. Mach & des American Metai. Am. Natural Gas American Smelting Am. Sugar Bel. American Tel & Tel American Tob Ampex
Anaconda Copper Armed Steel Armour
Asbestos Cory.
Atlas Cona. Mining Baldwin-Lima-Ham. Baltimore & Ohio Bank of Montres! Bank of Nova Bestia Beech Life Savern B. C. Tel. Co. Bell Telephone
Beneficial Finance
170
03
64% Calord Paper Co
Pacific G &
Pan American. Always 38% Paramount Pictures
Parke Davia Co.
281% Penn, Ball Co
06
81% Pure Of
17% Radio Corporation
34% Radio Corp. Pref.
Raytheon
58% | Republic Steel
Reynolds' Metal
44% Reynolds Tobacco
12
KK Dock .. 108 108
Provident . 20.10 20.30
HK Tram
151 183 100 182 200183
100 € 22.40
68% Rheem Mig.
13 Sears, Roebuck & Co.
43% Shell Oil Ca
Baterway Burma
48% Saint Bar. Faper
HK Elec... 28.20 28.40 100 2035
221 HK Tel... 3 30 100 39
1914 Cement
54 84
Dairy.... 28.80 28.90
Watson
522 Allied Low. 630 6lő 1450 e à
Textile
29
45% Royal Bank of Canada
30 | Royal Dutch.
1960/90-
Savings 3%, 1985/65-£$ì-11/16. Savings 3% 1960/70-276.
Savin 1980/75-270-0/18.
Banks
Barclay's Band Lid ord 595 Chartered Bank-318. Hongkong-20034.
Lloy Rank “ƒ ̃-£§3. -
National & Grindlaya Bank-139
Westmifister. Back "A" Non-Cuandatiye 420.
Thirte
18%
Union Inetarance Canton-£8-13/10.
Aircraft and Motors
British Motor Corp. Ord-18 B.
Ford Motor Corels fipd.
Hawker Siddeley Group Ord--291
Rolls Royce Ltd Ordés. Roober
Marks & Shelter Lid 805 7754. Woolworth W., & Co-006,
Odatę & P. Lide Thic Courtaulds Liqučas sh
Cons Goldfields of South Africă......
68 tihe Görp. Ord-Thi 02.
De Beers def 128, 149. Hongkong -114 1140.
ad.
Rande in", 3.
Bouthern Kinta Cons Lid-200 Union Corp RED SE
West Driefontein Goldmining the
041
British Borneo Petroleum
at
8d.
sýndi.
Bhich Birmah Petrol-14 d.
Brith Petrolman Co. Ltd
Burmah--40 34.
Royal Dutch Petroleont Shell Transport & Trad
IES. INVESTMENT QUOTATIONS
The following are U.S. invest- ments in American Hollits. Buyers' prides include commis-
Ballers BuystE
sion:-
Affiliated Fund An Eat Bus Auth Dev MUL Axe Hought B Buol Fund Card Gen Fund Caracas Furni
Carcadian trac death Chemian Punk
Comwith Stack
Dreyfus Fund
Dividend Sh
Eaton & H. Stock
Ty
Standard Trimph International-tones
Bs 101jd
Breweries
Diaters Co-40% TILO,
South African Brewerice 86.
Budding & Materials Associated
Portland Cement-878
Ond-36g1
Coul, Steel And Engineering Babcock & Wrox Lid-34 10td. United Steel- 3d.
Vickers Ltd=520.
Food and Tobacco British Americen Tob. Co., Ltd
Co., Lid-635
55 96
Imperial Tobíodo gd.
316 Penny J. & Co.
23 Ch. Light . 22.20 22.40
300 18 22,30
37
881 | Philip Mártis
Prney Bowes
100 @ 2.40
Procter & Gamble Co.
1944
100 @ 27,30
475 Pittsburgh, Plate Glas
190
100 & 21.40
7560
Bà
Porland đem đặc
Goodies Wall. & Lead
30% Publicker Industrias
5060 @ 20.30
4:40.
22
Pullman
500 28.30
500 4 28.20
2000 @ 2834
3000 @ 3894
3003
1100 @ 541) 250 5435
700 @ 14.70 600 @ 3.70
334
36
Ex. All..
#.20
33
Bchenjéy Inc.
2012
8.90 2000
B000
8.12
8.70
Bonds volume amounted
25% Scott Faper
ES
1000 * 85%
14 Siegler Corp.
100 e k
Sinclair Ol
36
Nanyang
56
Smith, Kline & French
Ex. Bonus
averages Canadian Pacino R.
23%
Socony Mobi! Of
563%
Rubber
10
Solar Aircraft
477%
Trut
241 South Puerjo Rico Sugar
17
Talkoo Dook
Southern Co. (The)
Ba
33
33
Bendix Aviation Corp.
Benguet Cons. Bethlehem Steel
American exchange volume Boeing Airplane.
There was a further was 770,000 shares. show of slachth
In today's market
with utility shares US$5,110,000,
in demand. Some
other counters were Dow-Jones closing
a190 traded at were:
higher levels, Turn-
over
30 Industrials amounted 20 Halls approximately 15 Utitles
# Blocks
to
$2,246,000,
COMMODITY PRICES
July: 326; Det: abby Bee: $b;
Mar: 32.55b; Mány: 31.75b.
SUGAR
ib.:
NEW YORK Ciring prices all in cents.
MIT.
LIVERPOOL Closing prices all in pence per
American Contract Oct/Nov: 2243;' Dec/Jan: 22:15: Mar/April: 23.20; May/June: 22.30.
Mixed Contract Oct/Nov: 22.75; Dec./Jan: 2.75; Mar/Apr: £2.56; May/June: 2.65.
Jan/Mar.
Borden (The) Co,... Burroughs Add Machine to British Amer. Cil
Cana: Bk of Comm. Cuna. Brewers
Campbell Soup Co.
Case (J. L) Co.
Cat, Tractor
Celanese Corp.
00923 CJ.T. Financial Corp. 13.98
Chrysler Motors
$2.32 Cluett Peabody
201.76 Colgate-Palmolive Co.
30%
30
Apr/May General markets, clI. basis,
parts: Azzz. Bept. Oct.
Estale crepe thin Aug
thick Aug... AMSTERDĀM
301%
50%
5,00
2014
Closing prices all in guilders
per kilo răm, CẢI. AU
No. L ribber
N. 2 rubber
N. 3 rubber
N. 1 crepe
Colombian Carbon Co.
Commercial Credit
Consolidated Edison
Southern Natural Gas
411⁄2 Bouthern Pacific Co.
Southern Railway (Com.) Sperry Hand
17%|| Siandard Brands
69% Standard Oil of Cal.
B3 Standard Oll of Ind.
-30% | Standard Off of Nut.
Sterling Day Co.
Consolidated Paper
Consumers Cus
41
Continental Can
35% Stokely-Van Camp.
Continental Of of Del.
481
Creole Pet
2TM Studebaker-Packard Corp.
Crane Co.
44
432 Suis & Co.
Crown Zellerbuch
Cuban. Amet. Sugar
Delaware & Hudson Co.
Diamond Alkan Diamond Gard
Distillers-Seagrama
Dominion, Störes Douglas Altcraft Dupont de Nemours Eastern Air Ltda
Eastman Kodak
El Paso Natural Can FamilyFinance Corp.
Firestone Tyre & Rubber
Firm Nat City Back
Ford Motor
Georgia Pacific General Electric
General Foods
General Motors
7.04
Gen, Pub, UAE. Gen. Tel. & c.
2.94
Stone & Webster
Sunshine Mining
161 7exas Co.
191⁄2
Textron Inc.
Thilekol Chem.
34% Tile Water Od 2332 Trader Finance
883% | Travellers Inc. vani
2014 | Tri-Cont, Warrants
Twentieth Century Fox Film 254 Union Carbide,
118 Üntor (il of Cal.
"371% | Union Parille Railway,
29% United Alferatt
United Fruit
T% Unked Gas Corp.
54
US. Fol
84
U.S. Gypsum
1541⁄21⁄2 UB, Rubber
HB Line Co.
3
Goodrich (B. F.). Co.
5
14 14.49 2003 @-142) 10.05 0.90 4800 @ 6.85)
03 800
54 5435 200
100
1994 HK Ga.. 14.70 14.20 1090 @ 14:30
31
413% Lane, Craw. 47%
230 $14.50
100 14.20
1000 5
1000 # 2:20
6000
353 Mil. av.. 8.10 90 2000 $18
14 Macho tec. 1240
1.50 4artyg 23.10 Really.... 1.80 185
Jerry
131 13
Ropes
243 21.90
26,60
15.30
Found Mut Fund.
Pond Lapust
Hamil PA HC-T
Thist Found
7.24
5.30
135 15.84
14.51 38.79
971 1 1100
14.00 15.75 11. 12.0
Group Com Block
10.00
10.84
Tradit Growt
Instit wome Invest 24
bes
Reystone Canada
Keystore Cat 7302 Mas Inv
Mass Growth
Nit Bec Ber Growth Scudder St &, 01 Dev El Fuerd
Value Blue Fund
Y. I F Wellington PRE
THIS IS YOUR WORLD
A
METALS
́NEW YORK
3.301
Gen. Tyre & Rubber
Cetty ....
Glidden Co
Goodyear Tyre D
Gres) Northern Railway
Grmat Aircraft
Gut I
Hammond, Orgm
Kayden „Nauport Corp. Hiram Walker
Hänesiške Mining Co. Humerians Retzig. Idaho - Power
Closing prices, all in cents Imperial bil
per kb.t
Imperial "Tobsess Ingarjoll-Rand
11ito | Inland Bieri Co. 14.170 Intertherical Corp.
Inti Business Machines 1125 Ingi Harvester an 11406 International Nickel
International Paper Johor-Miniwile Co.
26.10
3045b Kaiser Industrins
Kansas C. Power, de Light Kennacott Copper,
Closing prices, all la sterling jimberly Clark
Lep Myers Tob, Co. LAB TU bilization T 11. | Lockheed' Alters;
43 Braeiling
255) VA. Steel
Park 17.5. Steel ↑ P.C. PT.
535 Warner Bros.
Waukesha Motors Westinghouse Air Brake Westinghouse Electric Western Union Tel. Co. West 14. Pulp & Paper Winn-Dixie Barts Woolworth, (K. W) Zenith Radio
Rubber
market review
New York, Aug. 4. Rex rubber, futuben, töđáy, olased. unchanged to 30 polkia lower on light dealings totalling 17
duplicated Trading almost Yesterday'a bebalon with only,
Agreed merchant telling prompt b
rates
Facic of offerings and castrat in pelinary markete enbush to did the price structure in a Canadian Dollars Maximum very thin market. Selling 18-21/32; Minimaama Buying-17-7/38_T!T\/\/2\~9/22.
Belgien Frades Maximum Selling 873.
Exchange rates
In London, the rubber maka ket de bà đüli möte wilḥ at 80-8/10. No 1 Has spot Was trahiketed 'at 304.
Bing Areterdum, the rubber
mukṛket wan dull, dosy
In Blighporé, very dillet botte ditiofe tuled throughout the
beratory? diliselled to the
When you place your Capital on Deposit
a Bank Assinant, earning
per
Payable fáil yekily without deduction of Weim Kingdom Income Tax, thus giving you the bes of both worlds.
ASSETS EXCEED £100,000,000
Write today to the General Manter for your copy “hink. Depbkit Arpoint ?" Bouilcat Nav AD. 75
LOMBARD BANKING
LIMITED
per b.:
Contract No. 4. (world)
Sept.
Oot.
3.20 328
Jan.
3330.
May
3246
July
Spot---(7.A.S, Cuba)
3.25
Total Sales: 281 contracts.
Opintorest: 4,908 off - 45. -
Contract No. 6' (domestic)
Sept
5.20
Jen.
0.94-95 6.32n
Mar.
1.96%
RUBBER
NEW YORK
Rex rubber · futures
prices, all in dents per lb.!
blosttag
apot (CLE, N.Y, ex-dudy) 606
Bept,
37.00
Total. Solem: 211 contractil.
Nov.
$0.60
Open interest: 1,800 of 221,
Jan.
鮮乳
-UPL
MAT.
30.000
Lead
May
24.000
Bapt
July
Nov.
Zinc
SINGAPORE
Sept
No. 1 Aug
#lept
No. 2 Aug.
COTTON
NEW YORK
No." Spot rubber unbalad Spot: 2s; Oct: 30.93; Dec: Bank ciepe 31.11-10-21,550 BAY $10:1 No. 1 pale
Closing prices all in cents per No. 16.;
July: 32.00 Det; 80b;: Dee:
crepe LONDON
39.45b; MAT: May: 82.85 Closing pros alt in bence Lead at "half
NEW ORLEANS
Closing prices all in conte per Per 16
21.158: Mar: $1.000; MAJ: 23
Bephele
Nov..
Closing prices all th Straite
Nov.
cent, per lb. fob Malayan Ports:
Copper
Dept. Nov.
108
LONDON
19536 Los per long ton:
Spot
month Copper
Spot
#iam tical
SLE
Beson
again neglected, ---UPI.