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WEEKLY
THE CHINA MAIL. FRIDAY,
AUGUST 18, 1960.
EXCHANGE
London
REPORT ON THE HONGKONG STOCK
MARKET STAYS STEADY stocks
Slight decline in prices but volume considered good
The market remained steady for most of the week but closed with slight declines in most stocks,
The general decline included Banks (down by $5), Docks (down by $3) and Yaumati (down by $2).
Star Ferry up by $2, led the stocks which showed gains.
International Investment main- during the tained a lien rale week.
In sulle of the general fall- off in business over the past two months, the turnover has been Inaintained at $t million plus ench day this week, which is considered good under the pre- sent conditions.
been at- The decline has
to an easing off of tributed money towing into the Colony From South East Asian countries, and. Hongkong investors seizing opportunities abroad.
are
ex-
Market conditions pected to change little for the next two weeks. When the causes for the decline have been removed, the market could shoot up again..
Market diary
! Friday:
Monday:
Tuesday:
The very throughout the day with trading on a restricted scale. Hongkong Banks were slightly lower, while Internationa] Fuvestments
market was steady
im-
proved fractionally and other issues remained unchang-, rd. The turnover approximately
WAS
$1,102,000.
the
Light scale selling was well cbsorbed and the market ap- peared
steady at the close of day. The approxi- mate Lurnover was $1.607,000.
The market main-
Wednesday: The
market was irregular durkag the half-day session, with an encasing volume of business. Fractional gains were registered by Tram Lights, Electrics, and Inter- national Invest- ments. while Wheelocks, Hong- kong Dots, Tal- koos, Lane Craw- fords, Rubber Trusts, Amilgamat-
ed
Rubber and
Cotton Issues lost ground. The 29- prixlimate over was $1.340,000.
Thursday: The market closed irregular with fractional losses on balance. Yolume of business transacted was approximately $1,057,000.
HONGKONG
STOCK EXCHANGE
Ly
Our Qin Correspond, st
Business done
Stock kong
HK Bank Lombard
Inlog
Wheelock FK Whart Docki
HK Hotels
IK Lands
a glance *
a
Up or
Down
-$5
Dividend
& Bonus
$48
Yield(%)
3,3
*The share market at
July 21
Jaly 28
1210
1185
Aug. 4
118xd
Aug. 11
Aug. 18
1193
1190
* 400
401
38p
9.35
7.80
4.65
240
240m
2300
105
alkoo Docks
1434
50
52
$2.80
Provident
20.20
20
20
20
19.80
$1.10
41%
401
4134
40%
4014
$2.75
58
5524
58
572
3614
$2.0
1.823
1.725
1.825
1.80
1.773
150
314
4114
#
32
32
92.45
1711
187
110
168b.
170
$9.50
179
178
182
182.
180
$8.50
Ch Light
22.10
2132
22.20
21.90
21.80
-10c
$1.30
Electrics
28.10
27.60
28.30
28.20
28
-200
$1.80
HK Telephose
38
3734
1834
3814
1812
140
$1.75
53
3214
5314
53
$4
Dalry Farm
~~281
27.30
28.80
281
2814
steady
$1.85
A. 8. Walmon
25.00b
269
25.60
26.60n
25.40
200
$1.00
Lane, Crawford
432
423
4141
41
38525xd
32.15
Int'l Tuvestment
8.74
8.60b
9
9.10
+100
650
Aliled
*8.05
3.00
6
5.30
-10c
$1
16.8
14.90
14.90%
11.00д
14.80s
14.90s
+10c
5.9
11.20
18.40
18 L.
8.70 ex-all 8.70 ex-all 8.60 14.20*
~100
13,90⚫
13.40b
-50c
$1.10
* ex bonus issue.
HK Realty AN Trams Blar Ferry
Yauzistis
BK FE lay Texile Corp Nanyang
Citez Pasko"GEBRAEEDCEEE®
Minor losses mark second
decline in Wall Street
The stock market closed
of minor losses and week,
Gains of 2 or more appeared electronics and in leading scattered
speciala. Steels and allos were mixed, diemicals mostly Arm, vending machines. cameras and aircrafts steady to slightly lower.
Trading was off somewhat from yesterday's fairly active pace and many of the recent
New York, Aug. 18. today in a broad scramble its second decline of the
Publicker Industries Pure Oll
Radio Corporation -
Radio Corp. Pref. Republic Steel
Raytheon
Studebaker-Packard Corp.
01/
319
Sunshine Mining
13
Swift & Co.
44%
38
Texas. Co.
78
831P
Textron Inc.
20
Reynolds Metal
47
Thiokol Chem.
Reynolds Tobacco
817 Tie Water Of
Royal Dutch
312%
Time Inc.
Rheem Mig.
1800
Twentieth Century Fox Film
Aan. Swear Ret.
2634
Sears, Roebuck & Co.
5758
Union Carbidë .
American Tel & Tel Amerian Tob. Amper
901
Shell Oil Co.
Union OD of Cal.
602
Safeway Stores
371
Union Pacific Railway
Salat Aeg Paper
37% United Aircraft
Schenley Inc.
$1
Scott Baper
64
United Gas Corp.
Blegier Corp.
Sindale Off
Anaconda Copper Armes Steel
Armour
Asbestos Comp. Atlas Cons. Mining Baldwin Lima-Ham. Baltimore & Ohio Bank of Montreal Bank of Nova Scoti Beech Life Savers
G. Tel. Co.
Bell Telephone
Beneical Finance
at the Hong-andouts, amota them Poleriod. Exchange this end Underwood settled back morning amounted to approxi- into the loss column for the first mately $1,207,000. Neon quota-time in days. tions and this morning's trapsac- tions:
Shares
Lained its steady HK Bank undertone and Bk. E. Asla
showed signs of
Union Los..
slight
ment.
improve. Whart Business, Waterbou.
Co.
Wheelock.
however, W 3 S
Sole Agents JEBSEN & CO.
12 delay 14
35261-75
JACF 2137
on a restricted scale HK Dock
and there were no
speci
The
lea rares. Provident approximate HK Hote HK Land turnover was $1,346,000.
PASSPORT TO SECURITY
LOMBARD
BANKING
IMITED BANKERS
INLE LANE
A Wavimentor Ent
DEPOSIT PASSBOOK
BANK DEPOSITS WITH LOMBARD ́ BANKING earn a steady 6% interest in assured Security. Ask the Manager of your local Branch or write to. the General Manager at Head Office for your copy of "Bank Deposit Account" Booklet No. A.0. 74. Intwant pall without deduction of United Kingdom Income Tax
Open a
6%
BANK
DEPOSIT ACCOUNT
with
LOMBARD BANKING
LIMITED
BANKERS
Head Officer LOWEARD HOUSE, DURZON STREET
PARK SARE LONDON 3.1 2 Telephone: (20 4511 (20 m)
Lasociated Bank 1 LOMBARD BANKINN (TAR RAST) 130 P.0, 30X 2888, BÉCOIKO FLOOR FINLAYSON NONIE, KAUPLES QUAY KUNAPORE THAIMANT SALE
A World-Wide Banklar yal Plagece Orgnation
Buyers Sellers gulcs
118 1190 60 1190
202
100 # BL 2009115
2230 26.20
7.45 7 4000 @ 7,5 108
--
103 165
1500 100
500
104
1000
5615
Yaumati
190
BK Tran.
Ch.
31%
Electric
Light 21.70 21.60
Telephone.
G.I.. Cement
Chrysler lost a small fraction, GM held at around yesterday's close, while Ford, American and Checker Motors al ran up
America or more. a half Motors improved,
International Business Ma- chines finished with a gair of around 2 after being up more Beckman than 5 at its top.
Added around 2 and Zenith, Texas Instruments and Magna vox 1 or mÖNÜ.
Today's volume was 2,890,- 900 shares.
Of a total 1,187 shares traded,
1.70 484 were higher and 486 lower.
American Exchange volume 820 was 1,060,000 shares.
1732
21 20
28 29.10 6
38 38
38
62
Bonds volume
800 38 $4.870,000.
Dairy Farm 28.10 28.30 2000
Walson_.... Allied Iny.
Textile.... Nanyang A. Rubber
R. Trust Talkoo Duck
Star Ferry
XD
38 83 84
amounted to
Bendix Aviation Corp: Bengus Cons. Bethlehem Steel Boeing Airplane Borden (The) Co. Burroughs Add Machine Brind Amer. Ou Britte, Columbia Pwr. Calif. Packing Corp. Cana, M. of Comm
Cana, Brewers Camphell Soup Co. Caudan Pacifc R Case . 1. Co. Cat: Tracto
Celtic Corp.
C. IT Financial Corp. Chrysler Motors Chell Perody Cof-Palmolive Colombian Cerbon
Commercial Credit Consolidated Edison Conibental Can
Contental Oil of Del.
Crane Co.
Crown Zellerbach
Cuban Amer. Segar Delaware & Hudson Co. Diamond Gard
Distillers-Seagrams Dominion Stores Dought Aircraft Dow Chemical ...... Dupont de Nemours Esem Air Line Eastman Kodak
Dow-Jones closing averages El Pisco Natural Gap
23.30
28.20
were:
器
Industrial .....
2000 @ 8.40
20 Rai
13.20 13.60
18 Utilities
51% 5.05
3.70
1.45
53 5314
165
24.40 14.00
1.16
24.80
*0.15
HK Gas Metal Lod.. Repe Hong Kew Humphreys 2214 Inter. . HK & FE
Invest (0) Glan Realty Mació. Rec.
хо
*L., Cray XD
1.90
ིི 3 ཥྱནྟཱི ཙླི
19% 1.775
1140
5000 45.00
2000 ( 535
5 Slocks
40 Bonds
Comm. future price index
Closing prices
Abitibi PWT. & Paper Aden Inc. Acy. Algoma Steel Corp.
Alled Chemical
Allied Mills 104
Family Finance Corp. 624.82: Firekne Tyre & Hubber 133.37 First Nat. City Bank
94.84
Ford Motor 207.85 Georgis Pacific
85.00 Genes Dynamics 142.88 General Electric
General Foods
General Motors
Gen: Pub, UN
Gon, 7. &er,
Gen. Tyre & Rubber Glidden
3314
512
3215
Goodrich (BT.) Co.
54
Goodyear Tyre
Great Northem Hallway
Grumman Aircraft
Allis Chalmers
272
Che Gu
Am. Brake Shor
American Airline
201
Hammond. Organ
Am: Cable & Edio Corp.
Fran Walker .....
American Cyanamid Ca.
55121
#4 Homestake Mining Co.
1844
56% da Power
Human Refrig.
Am. Gas & Éledric
Am. Home Prod.
Am Mach & dry
American Metal
Am. Natural G
American Empling
INVEST IN THE FUTURE OF HONG KONG
AND JOIN WITH OTHER UNIT HOLDERS EMPLOY EXPERTS TO SPREAD ROUR INVEST- MENTS
OVER HONG KONG'S SOUNDEST ENTERPRISES
For informative foldover, Application Form and full details on FIRST HÔNG KÔNG FUND, Send this coupon with your name and address to:
HONGKONG UNIT FUNDS LTD.
NAME
ADDRESS
TRUSTEES:
701 Alexandra House PO Box 690 Hongkong.
Hong Kong a shanghai mank, Hong Kong, (tekstas)- LEE,
NOTE:
PIRIT HONGKONG, PUND: UNITS CON TINUE AVAILABLE AT THE CURKENT MARKET PETE
Emperial Of
Ingen-Road
Sleek-Co
561 Irom lackines
Int Harvester Zemetrial Nichges
Interisional Pip Inti sel, & Te. John Mantle Co. Keber Industries Kerncott Copper
Kimberly Monk
Ligkeit & Myers Tob. Co. Zij Tulip
Zarios Ind.
Loctited Aircraft
Lody co. **** Lone Star Cement Co.
Lowenstein & Bone McDermal, 3. Ray Mallonnell Aircraft Merck
Meu Iron Corp. Binnesota Mining Mission Development Manato Chemical Co.
Montecatini
Monjoinery Ward
Motorola Inc.
National Biscuit Co.
Natual Cab Reg.
National Datry Prod.
Natimal Lead
Nätverk Steel Corp.
New York Central
Nona Mistés Lád., Nortolk & Western Ry, Noth: Amar, Påviation Northwest Airlines (Com.) Okna NaLY GRE oil Heyatots
e
Owen-India. Class Oxford · Paper Co. Packa Gak · Elec. Pal American Airways Piount Pictures!
Tare Devis Co.
Pinky Bowes Procter
25 Built, Kine & French
7
Socpay Mobil Oil
134 South Puerto Rico Sugar.
3314 Southern Co. The)
United Fruit
US. Fall "B
ts. Gypsum
US. Line Co.
US. Rubber
US, Smelting
Westinghouse Air Brake
12.04
56% Southern Natural Gas
U.S. Steel
B1
Sera Hallway (Com.
Wätner Bros.
41
Sperry Raild
Standard Brands
475
Westinghouse Electric
46
Standard Oll of Cal.
43
Western Union Tel. Co.
Standard Oil of Ind
West Va. Pulp & Paper
40
57%
30 Standard 011
N..
S3
Sterling Drug Co.
60%
1101
Stokely-Van Camp.
Stone & Websler
Yesterday's Closing
Winn-Dixie Stores
Woolworth (K. W.) Zenith Radio
COMMODITY PRICES
COTTON
NEW YORK Closing prices all in cents per Gb.:
Spot: 32.45: Oct: 30.85; Dec: 31.22; Mar: 31.77: May: 32.11; July: 32.32 Oct: 32.57 Dec: 3257: Mar: 32.90; May: 13.
NEW ORLEANS Closing prices all in cents
31 per lb.:
Spot: 29.75; Det: 2002; Dec: 31.18: Mar: 31.74: May: 32.09 July: 2.52; Oct: 32.52 Dec: 32.75: Mar: (32.35: 484 May: 32.82.
tres
LIVERPOOL
Closing prices at in pence
per lb.:
American Contract
Oct/Nov: 22.40:
Dec/Jan: 22-11; Mar/April 22.15; May/June: 2220.
Mixed Contrari
improve
London, Aug. 18.
| Good company news bounced industrials back from their two-day setback with stores dominating the picture.
Buying remained selective but gave leadery back some of the ground they lost on Tuesday.
Woolworth's free shares issue
and dividend forecast armi the bright outlooks from the dis..
Ullers company provided the stimulus and plus signs grend through the st.
Great Universal stores, United Drapery, Debenhams, Marks and Spencers all round buyers at Woolworth's paced the with
stores
six shillings and three pence jump to a new high of 73 shillings
Steels steamed ahead but cumme off the top later while engineer- Breweries ings notched gains. found favour With banks and
Tobaccos insurances.
Dunlop, Imperial Chemical Industries and bul Courtaulds were butter tobaccos rased.
easier.
were
Buying side-stepped the gilt- edged which tendex to drift.
Greads opened firm in the foreign bodds section but re- acted and ended lower, the 7 per cents ths off at 40 ster- ling and 6 per cents of 1928-2 lower at 351⁄2 sterling.
Dollar stocks were mixed with Bethlehem and U.S. steel each a fractions off.
Mining stools ambled through quiet day but a handful of golds improved. Coppers and tine stayed dull.
Oils ended unchanged after nardy movements.
Rubbers and teas were quiet, UFT.
Closing prices
Gutedred Bonds
British Transport 3%, 1978/86-- couts.
Consola WW%£44%.
Consols 4%-268%.
Conversion Loan 3 1081-
€19-13/15.
Funding Leon
1859/09-
Finding Stock 334, 1999/2004-
264-3/18.
1960/90---
Funding Loan
RETU
3d
Savings 3%. 1054/63 ROTT. Savings 3 1060/70-781
Savings 3% 1965/75-70-15/18.
Banka
Barclay's Bank "A" Ltd ord-625
Chartered Bank-568 d.
Hongkong-E
Lloyd's Bank "A"-87 21.
National & Grindlaya Back-30%. Westminster Bank "A"
Non-Cumulative 425 38.
Det/Dec-
Jan/Mar.
28-2044 2724
3d.
Apri/fay
General markete, eif bass, ports:
Afg.
271-2
Bept,
28-27410
S
28-281
Ertate crepe
thin Sept.
SI
thick Sept,
AMSTERDAM
Closing prices all in guilders
2.68 buyers
per kilogram, e.i.f. Aug.: No. 1 rubber No. 2 rubber No. 3 rubber No. 1 crep
2.67 buyers 2.65 buyers 3.06 buyers
UPL
METALS
NEW YORK Closing prices, all in cents per
lb.:
22.45:
Oct/Nov: 22.10; Dec/Jan: 513 Mar/April: 22.50: May/June: 22.35.
SUGAR
NEW YORK
UPI.
Lend Sept.
Nov.
Zinc Sept.
Nov.
Copper Sepl,
Nov
LONDON
25
Closing prices, all in sterling per long toa:
Spot 3-month
Closing prices all in cents per copper
Buyers Sellers
793
强
lb.:
Contract No. 4 (world)
Sept.
8027
Mar.
May
Spot 3-month 3,01 Lead 2nd hell Aug.
Μόν 3.14 3.19 Zinc 2nd half Alig
3.15
24524
Now,
SpotAS. Cuba)
Total Sales: 238 odetracta
271 July
Open Interest: 3.778 contracts.
Contract No. 6 (demesijo)
FOREIGN
સમ
Sept.
4.05
10% Nov.
15.3
Jar
8.00
40% Mar
3.88
EXCHANGE
*
BoutCAL. NY. ex-duty)
$5,90
74%
Tolod Sales: 593 contracts. Open interest: 102 contracts.
UPL.
NEW YORK
Closing rites: Canada
England offic
RUBBER
NEW YORK
Rex rubber futures closing prices, all in cents per ib:
Australia
20-days
New Zealand
South Africs
Others unchanged.
LONDON Closing rates: 30-30 New York
Montreal Amsterdam Brussels Copenhagen Frankfurt
May.
July
Osto
Closing prices
pence per Parts
Stockholm
Vienna
1.03-7/12 2.8120
2.8075
2,9385
2,2500
2.5020
2.8100
-281 1.71-16/12-2.72-1/10
140.72 19.38% -11.726-11.724
8020-80.80 200332~20.08
1216%,
Insurance Union Insurance Canson-£9-11/10.
Aircraft and Motors British Motor Corp. Ord-175 4140. Ford Motor Co-98 4%d.
Hawker Siddeley Group Ord-28
Rolls Royce Ltd Ord-42, Routes Ltd "A"-105 M.
Standard Triumph Intercational..
Breweries
Distillers Co-434 30.
South African Breweries-24 Bd. Buliding & Materials Asociated Portland Cement-723 44.
Goodiza Wall & Lend Ord 40s
Bd.
Coal, Steel & Engineering Babcock Wilcox Ltd-35 SC. United Steel-83 10330.
Vickers Ltd3ls Bd
Food and Tobacco
British American Tob. Co., Lḍdm 508 94
9d.
Imperial
Tobacco Co., Ltd-636
Miscellaneou2)
Boardman Marden. Ltd-15. British Oxygen Ltd. Ord-289 94. Canadian Pacific Ry-$44 De La Rue Co. Ord-11. Dunlop Rubber Co-296 (ed. Gilan Holding Ltd-28 444. Hongkong & China Gas-103. Imperial Chemical-84a 6d. International Nickel of Canada- $9014.
Lyons & Co-875 74. Unilever Lid-1578 d.
Paper
Bowater Paper Carp Ord-$1s ed. Radio and Electrical Associated Electrical49 d. English Electric Co-s General Electric-385 3d.
shipping
ord-235 90.
Steam Nay. Co. def PO'Steam Navigation def orde 01 4.
Stores
Great Universal Stores "A"-4ES. Marks & Spencer Ltd 111⁄2d. Woodworth F. W. & Co-733 cor.
Textiles
Coats JP Lid-82 94. Courtaulds Ltd 568 Tid.
Mines
Cons GoldBelds of South Africa-
Cons. Zise Corp. Ord-13 30.
De Been def-142
Bd.
Hong con Tin 10 950.
Petaling Tin-63 2.
Rand-12 06.
Southern Kinta Cons Li--244 Gd.`-
Union Corp--$16.
West Driefontein
34.
Goldmining-819
British Bornen Petroleum Syndi. caloid.
British Petroleum Co., Lid-492. Burmali-40 34.
Royal Dutch Petroleum-£12. Shell Transport & Trading-1328,
Reuter,
Unit trust
First HK Fund. Buyer Price, $0.98. Seller Price $1.00.
Exchange rates
Bustriess was done in the local market this unametal, exchange morning at the "tajlowing rates: “UH) dolar (per:11) spines Bierling notes (per #1) Australia inotes (per £li ... Indonesian rupiah iper 100), 14. -diam atosis (per 106)
flingabóta. Lätraits).
15.85