THE CHINA MAIL, FRIDAY, OCTOBER 7, 1960.
WEEKLY REPORT ON THE HONGKONG
́ ́STOCK EXCHANGE
MARKET SHOWS GAINS
Volume rises * The share market
at close of week
There was increased detivity in the local stock market this week with small gains registered in almost the entire range of shares.
Daily
volume
stood in the
business in Insurances, "Lombards showed while 1 $304, marko small gain $3 million and rese to $4.120.000 yesterday. Unionz gained $3 at $90.
turnovers 123 one of the best
In Investments, internationals up at $8.35. were fractionally
tructional esses were re- but gered by Allied (553%) and Far East ($13.80).
recent weeks,
were said to Several factors be responsible for the businkas 'entusiasta). They were!
(:1)
improved
world
-
*the
In Shipping Wheelocks were political situation resulting from slightly up 1 $7.80. news that sumalt conference may develop in the foiséenble future.
In Docks, Hongkong Ducks moved up to $108; Taikon Docks rase to $3: Providents were Some lg financial or better af $21.10. ganisations investing in the legali
market.
(c) Some resumption of in- vestments in the Colony from Southeast Asian sources
euse of the troubled situation, and
be- Latian
(d) Movement in the reul estate business benefiting the local share market.
Hotels eained 75 cents, closing Lands gained $2 at al $41: $80%; and Realties were Trac- tonally up gt $1.875.
In the Industrials. Cements moved un 50 cents at $56.
Dalries gained 75 in Stores, cents, closing at $30%: Watsuns and Lane Crawfords remained steady.
Buyers were nreminen in the market during the week, prab-In Cottons, Toxules showed a steady at ably because a number of eem- fractional gain at $8.30, while units, mainly the wilities, have Nanyang remained distributed their $14. declared and interim dividends,
Comparative figures show free- Humaid nyaderate gains in the Calities Lights wore slightly Electries up at No at $23.10: $28.20; Telephones gained $1 at $25.75 Trama and Star Ferrles remained steady.
Market diary
market WOS FRIDAY: The extremely active during the day resulting in a substantial tur
Interest was well spread and rates in many sections show ed an improvement. The day's approximately Was turnover
over,
Banks closed at $1190, a gain of sta on the previous Thursday. | $3,825,000.
UIS INVESTMENT QUOTATIONS
are U.S. The following vestments as in American
Affilated Fund
An Bu Shr
Atom Dey Mut
Chemical Funt
UK Bank Lombard Unton Wheelock
HK Realty
IK Tram
591
Sept. 15
1.
glance Third
5.4
Up
briand
Sept. 8
Sept. 22
Sept. 29
Oct. G
1170
1100
1180
1180.
1190
3Gb
36b
3040
30b
3016
Dow +10 +850
* Водиа
Yield (%)
$48
$2
Bob
94
94
озв
94b
7.35
- 7.80
7.55
7.75
$3.40 250
3.3
Ak whet
230
230
236
240
2
$8
3.4
ik. Dock
105
103
103
104
100
$10
Talkoo Dockr
KOL
50%
60
62
034
$2.80
Provident
20.80
20,00
20.80..
21
31.40
$1,20
HK Hotels
41%
41
415
4034
41b
$2.75
UK Lands
1.776x4
BEY
1.578
58xd
58
60%
$2.40
1.775
1.80
1.875
13,760
314
315x0
31140
314
3134
steady
$2.65
6.0
1051
108
103b
5.4
182
180
179
180
ox sil 95
*$8.50
9
23.10
22.60
22.80
25.10
+100
51.25
3.4
Electrkest
28.10xα
27.90
28.10
28.20
+100
$1,70
IK Telephone
381
3844
34 xris
844xrta
35%
$1.75
4.8
G. 1. Cemeni
85b
K5%
6314
感
*808
7.3
Dairy Far
29.60
29.80
20.40
3014
750
$1,90
0,5
A. S. Watson
20.10
27.101
27.703
Lane, Crawford
38
301⁄4b
391b
27148 40
271
steady
$1.50
5.0
40
steady
$2.75
€8
9.15
816xd
8.40m
814b
8.356
+100
750
-8.6
5.80
5.855
5.70b
5.80
5b
st
13.80b
14
13.00b
14
-200
906
0,3
8.40
6.25
8.25
814
*.058
800
9.1
13.60
13.00
14
14
·Rteady
S1.10
7.9
Star Ferry
Yaumatis
Uh Light
Int'l Investment
Allied
IK & FE Inv
Textile Corp Nanyang
London
stocks
rise
London, Oct, 6. Stock prices extended their guins for the fourth con- secutiva session today with most sections shoring in the advance paced by industrials.
Store, textile and brewery stocks were in most demand, However, some Industrial stures lost some of their bounce before the close.
Gilt-edged securities harden- ed, on small demand.
Coppera moved narrowly, Oils vaulted in response to Streets interest.UPI.
Closing prices
UK Government Securities 24%. Consols-£43. 4. Consols £371⁄2
34
Conversion, 1981-59-5/10
34 Funding 1990-£87-3/10,
The Secretaries for the Inter-wall nctional Investment Corporation that at the Limited announced
Sept. 29, close of business on the share had a statistical value of $12.97 Dairy Farm, lee und Cok Storcue Company Limited announced an Intern dividend of GD cents per share.
MONDAY: Steady to Arm the Drevailed in vonditions
market with Utilitles and Rub- bers in demand at higher levels, Volume of business was proximately $3,002,000.
= 10.75 showed
cp-
TUESDAY: While most issues undertone, sleady some sectiers registered useful 1030
pre-holiday trading. 13.40 inslu 10.83 A certain amount
iors. Buyers' prices
in- dol- include
commission:
Sellers Buyers
7.02
7.00
4,16
4.44
4.58
5.02
Axe Hought E
*87
Bullock Find
12.07
13.23
Canada Den Fund
1.72
Canallion Fd
15.77 17.56
Canadien hit Growth.
10.08
10.54
Ch
Stockt
14.12
2.84
Drovfus Fu
14.15
15.39
Eaton & B. Stock
11.34
Electronics Inv
7.12
Fu Pand
4,07
30.20
11.25
Inel Growin
10.10
5.12
0.50 $3,000,000,
Invest Freder
10.47
11.44
Keystone Cust Be
21.21
23.20
Keystone Canada
13.56
Mam Inv Tyranita
12.12
M Growth
13.04
15.07 in
Nat Ber Ser Growin
7.37
An Interest
Seudler St & CL
18.05
Teh Fine!
7.01
Value Line Fund
50
20.17
tion Fd 1107”
Instl Four.
Int
VIP.
of selective
and 3.12 buying was in evidence
Hongkong Banks, Utilities, Tai- 1200 and flongkong Docks, Lands,
7.78
10 17 Realties, Cements and Providents 5.10 were particularly favoured. The 11.15 Upproximate
turnover
WDA
THURSDAY: The market was 14.07 bullish during the day resulting turnover of $4,128,000.
1143
chlofly centred
on
18.00 shares in the Dock and Ulity
8.23
40 groups. Banks and Insurances
1.35 were neglected,
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4
Funding,
3. Savings 1955/66-280-8/10.
Savings 196/10-70%.
3, Savings 1985/75-71-7/18
Banks, Insurances
Barcinys "A" Ord-635 3d. Chartered-s
Hongkong-LES. Lloyds "A"-60 d, Westminster "A"-424. Union Insurance-£6-7/16. Aircraft and Motors
British Mutor-1071d. Ford Motor-00 1014. Hawker Siddeley-in 30. Nolls Royce-40% 16.
"A"-Ds 10d. Tuoteo Standard-Trumph-41d,
Buliding de Materials Assoc. Portland Cement-12. Goodhass, Wall & Leach-391 10.
Steel & Engineering Babcock & Wilcox-35 7. Unlied Steel-Vin. Vickers 32.
Paper Bownter Paper Ord-50 3d
Tobzero, Food & Breweries British-American Tobar-ls Inperiai Tebucco-87 34.
Miscellaneous Boardman Marden-41 10. Howmaker-2 14.
Britian Oxygen-30 440: Canadian Pacino-$39
De La Rue Ord-138 30. Dunlop Rubber-208. Giman (Holding)-2 3d, Hongkong China Gas-10 Imperial Chemical--71 105. Undover 140.
Radio & Electrical Avocated Flectricnt-08. Electrical & Musical-473 3d. English Electric-35. Ceneral Electris d Indo-China Navitation-21x fc P. & O. Stearn Navigation-385 30.
Blores Debenhams-48 ft. Grunt Universal "A"-501 3d. Marks & Spencer--10 éd Woolworth. F.W 80% 4350.
Textiler Coute, I. & P. 14. Courtaulds-57
British Borne
736.
Brill Petroleum-308 d.
British
Burmah-d
Suma-41 60.
Royer Dutch-127
Shell Transport-Ms ad cor
De Beers-131 10441.
Petaling Tins 120.
Union Corporation-015
Reuter,
13.80
Increase in world
exports of manufactured goods
London, Oct. 7,
World exports of manufactured goods in the second quarter of this year were about 16 per cent higher than in the same period of 1959, but were little changed, allowing for seasonal variations from the high level reached in thề first quarter of this year, the Board of Trade Journal said today.
of
This pause in the expansion.
exports
manufactured of goods was common to most of the exporting countries. Major United the exceptions were
whose exports rose Slates, further to regal the previous peak level of the second quarter of 1957,
whose
exports
a
and Japan, showed marked gain ort the first quarter of 1860.
Canada's exports were noticeably lower
than in the
Arst three months of 1960, the Journal added.--Reuter.
Ship-repairing industry flourishing
By Our Own Correspondent
Singapore, Oct. 6,
The Singapore ship-repairing industry is flourishing and the facilities available are becoming
widely moro
Call for cut
in oil
imports
SELO
0
new Royal Mail liner goes
into service
The Arlanza, a twin screw diesel engined passen- ger and cargo liner was recently handed over by Harland and Wolff, Belfast, to the Royal Mail Lines,
With
Q
grody tonnage of fenting oil, The fore, peak and 20,350 she has a length overall forward deep tank are arranged af 584 it. with a length between for water ballast, the aft pesic and att deep tanks for oil fuel perpendiculars of 540, Her breadth, moulded là, 78 rt, and and water ballast, the depth moulded to the upper deck is 41
The Arlanza is the last of a
Outlook for group of three vessels con-
London market
There are three insulated cargo holds forward of the motor room with corresponding tween decks. Aft of the motor robin structed by Harland and Wolf two prlop and lower tween deck for the Royal Mail Lines. The insulated cargo spates are pro- Amazon and Atagon went into vided. The cargo spreta tolat approximately 435,000 cuble ft. service earlier this year,
and, in addition approximately The vessel has been designed 45,000 cubic ft. is available for
well general cargos
A
Cargo
on modern Unes with raked and slightly curved sten, The edrgo handling equip erivorstern, tripod atgnal ment includes two 15 ton, four mast and singlo funnel of 10 ton, two 7 ton and velve London, Oct. &i
There are ton tubular steet derricks, distinctive The Investors Chroniclo four comple
steel decks, also
also twenty olectric Market Newsletter writes: low and orlop decks forwart winches. London gills are fractionally and aft of the motor room. Accommodation is provided easter but the toefnient position upper promenado, co, bridge for 107 fost class passengers in
and observation docks.
singic, two and high berth is sound.
The hull in divided into nine rooms on A, B and C decks, Industrials: Minor movements
eight water-ench room having a private in limited irading while the compartments by
the tight bulkheads. A double bot-bath-room or shower compart market awaits t lead on the tom suitably divided is atted indrit. The rooms are deenfort- and troni fore and aft and arranged for ably furnished with the walls económic position
the carriage of tresh water,
panelled, in wood vetrefs.
The accommodatio
Wall Street,
G014:
some of its recent gains before water ballast, off fuel and lubri
has shed The market
the referendum and on tr.s. gold price, denials,
Base Metals; After frimess on dividend hopes, coppers aré now assessing the cutback fo production,
Ons: Remain Ustless.
Wall Street: After nów towa,
vigour.
a minor rally, is in progress without much
Defer- siva
resistance of home bonds and utilities. continues to im- press:
The immediase outlook for the London market is very much
Washington, Oct. 6. The Independent Petroleur cisive
|HONGKONG|
STOCK EXCHANGE
select
82 Cabin class passengers is arranged on B, C and D decltà in digid, two, three and four berth rooms faced in plastic of wood grain design. Fifteen of the angle berth Artz class cabits of B dek car also be
borth utilised
erbin Ef two das rooms, making a possible total of 12, cahin class berthil, The 276 third, elpas, passengers nre secommedated on D and E decks in two, three and four. berth rooms, Faneffed 18 platíč of Wood grain design? The at- commodation for third class With both passengers. complies the Spanish, and Argentine in- Business done at the Hong-migention requirements.
by
Dar Ben Carrospersant
Stock
Exchange
this
In balance; both balls did bears can adduce factors to support their
with position
neither predominating Further Inde-
movement may be ex- kong Association called yester-pected pending clarification of thorning amounted to approxi-
slash "ti" dil the
ou flock economic
We mately $2,470,000. Noon quota- day for a imports "so that a proper would expect any possible up tieng and the morning'e trans-
mone pronounced actions: balance may be main than the corresponding down tained between imports turn-Chips Mall Special, and domestic production.”
Association S. Jameson Jr Vice-President thus renewed a
tur
May 10 request made last Interior Secretary Fred Seaton. Jameson sala the falling rite for demand of growth. In petroleum products and heavy imports were radlicing domestic oll exploration dangerously.
Domestic production in die-
of east
the Rocky tricts Mountains actually fell about 3,000 barrels a day in the first half of this year in spite of n known to overseas ship-demand rise of 000,000 barrels The
daily, he said. owners. This was stated by Mr Victor Choy Yow-mun, manager of Weng Chan Engineering Co., a tending Singapore firm of ship 20 years repairety with over experience in the trade.
Mr Choy sald that Singapore was not far behind other cou tries in the field.
"Our facilities are up-to-date. Elded labour is readily avail- ble and our prices are com=" Fetitive." he rald,
He
DIFFERENT FLAGS
ships under sold that Cifferent flags were now coming
Only a cut in Imports can chock s further décline in the |
ontpet, Famówka. &offentic contended-UPL
U.S. STEEL
OUTPUT
New York, Oct. 6.
operating improvement, top steel industry sources now predict that 1960 stool output will run he- tween 101 and 104 million
to Singapore for repairs, over-Based on the slow rate of haul and such like services, “
Weng Chan Engineering Co repair about 25 vessels a month. To date, they have repaired wid serviced oil tankers, landing craft tankers and landing ship tankers of 1,000 40 8,000 tons, The biggest ship they serviced was a 40,000-ton Norwegian
Warning on ker.
depression
London, Oct. 6..
to be
Cotton
textile
market
New York, Oct. 6, cotton textile market was quiet today.
Resale offerings continued 10
pominate and "brought, some
STAY ON HK Bank.* Loodard... Unton
What Co Waterbout. Wheelock HK DAM
Provident
HK Holel
HK Land
Yaumati Ex.Al
Buyers bellery 1183 1150
7.80
193
Skler #31130
000-101 $50 + 303 100 100
7.85 2000, a 7.80
21.40 21.00 2000
IFK Tram 3134
013
C. Light'.. 2336–23.30
PHON on first hand prices. HK 20040 The popular 80 square
Drini
cloth sold at 184 cents a yard
on spot for average makes the mili revel, oft 1⁄41⁄2 cent.
at
Orders for spring 1961 wool good were light, Prices held firm at Australian wool ductions.
In synthelle
*
Cement
Dairy XD.
some goods,
buying of глу namtaat wauke
fabrica was noted for the fourth
Allled tv. quhrten, with dneson-cotton Textils blends #elling into the feat Sanyang
Rubber quarter of next year—ÁP.
U.S. exports
font font Age magazine for
sold today.
This still would be the sixth The company has also con- best year on record. verted several tankers into cargo ships,
The national metal-working With the port of Singapore weekly sold that it looks, for n becoming busler everyday, he sharp change in the market but
A warning about the ship-said, the future for the ship-a continuing slow Improvement ping depression is given repairing industry was pro at a less than seasonal rate, today in the annual re- port of William. Doxford,
inising
J
the On the negative, side of "stdel plèture, Trón Age mid; more cutbacks in auto orders and a "severe" drop in tinplate
& Sons, shipbuilders and New York stockée, combined to degresa the engineers.
Tho Chairman, Mr Ramsay
Bet med market, which fa date Gobbie talle shareholders the (The New York stock market has been the surbirds phant depresion which, existed in quotations and report were not of the overth weak market, *=
UPL freight. markolo last year sill received for publication today contamich and, flúe altilation, of because DF faylly ¿pecially in regard to oil tanköré, rocuple
may not really, change for DOMO, btle ahead.
"Little Improvement can be anticipated short of a materia- charge, fn word. Then prd sidpping Now
Speda
radio
HK UNIT FUND
Ganken
1-17 0/16, 27
merchant
August
The
arc
BIX-
propelling machinery, which provides a service speed single-heling Harland and Wolfr of knots, concists of two
and Waln Burmeister cylinder pressure Induction two- stroke engines with exhaust pistons controlled by ecoonries un the crankshaft, The bore of the that cylinders is 780`zini. and the combined stroke 2,000 mm.
The
engines
totally enclosed, forced lubricated, direct versitg, and dré stranged for airless injeétion of heavy grade fuel oils, and, which required, diesel gradit fùel olls The engines are placed amich ships and coupled direct to the propeller shafting, they are con servatiyely rated to maintain, the requisite power at 150 r.p.m
The Cylinders and the turbo fresh blowers are cooled with
in á water circulated
CLOBE 850, system. Both upper pistons and
lower pistons are cooled with oil from the lubrication system. Coolers of Emple surface aro provided for the fresh water and the lubricating oil.
2000 62155
Do of
900
01
3700,
* 10 10.30
I roub, Trust as TED
Takao Bock
031L GUL
· Healty
2455 14.00 1.00 180
Walk Wigton, Oct. 6. The CoinWarce Dupartient antibuitced festerday that U.S. export in August 3* CA totalled $1,610,500,000,
3 per cent below July but 15. ker qatt qhöfd' Airgunt of kist, yours (2.
The - fotakirelicsd. milltary
shipments valized, at 302 million Lane în Altaff” “compared with wallow in Aimant 1050
The chief: doclipscars in:/ August trộm July, were in, exports of
| machinery, and, vehicica, hassen-
anent,
cotton.
.. 14.80 1400
Crew.
Exchange
Principat, export- gains were gormáng tác, then for fron and steal-making rawleromotes (per Maximum Selling materials,..
Buyiri zitanítifum, “söyl
tobacco end, one
Bien Dosis (EMS, 1993,
Singapore,iste dier)
88888
GOGGO
For each engine under normal nirming conditions the dis required for pressure induction and for scavenging the cylinders is supplled by two exhaust gas 'driven turbo blowers and two olectrically driven ausiliary blowers. per èrigine are fitted for starting and manoeuvring and for use during prolonged słów running.
for
Test cargo new terminal
The new. all terminalį mearing completion on He more binh 'Để thỏ RIVHF Tyne, la expected fo facélvá (fe füit ** fest "öff Zargo about thờ middia
ནཱ་ of November
Costing £2 min the for minal has been under construc tion for the past two yeéta, An India conument, pròlá(51)
pumipod dohode, dor test puku poses'in mid-November "anti- is planned to have, the Instal dations fully ready. by mid- the 16061) December.
thự
The Permits Bisit by Easő Pétroleliffi. Cổ, DNS, WIE distri İzitakuotosť Ravak 2 Vida: dreh