LONDON STOCK MARKET CLOSES FIRM
London, Nov. 17.
The stock market closed firm. today with indus- trials showing goins despite fresh official warning that the domestic credit squeeze would remain.
Ford finished higher but the p
The stack below
tha
sil was American Shipping.
price of well offering price. Textiles
Store SAR!
shares moved ahead, but steel locks cased,
Gold Mining shares jumpers at the opening but lost sleom and rome firally showed losses work close, Coppera at the
Base Metals dull but other wero ingraved.
Olls were trag:ionally higher, Tea tower
Slendy,
and Rubber
Jusues
Glit-edged Securities resum.
ed their advance despite the unchanged bonk rate.
Bonds Idled and
Foreign
Dollars Stocks, showed of minus signs---UPI.
a rakh
Closing prices
British Government Securiuen 29%. Consolidated-46. 3. Converdon 201
Baving050-11/32.
BY, Bavings
39, Savings 1963/75-271-15/18.
Banks & Insurance
Barclays On 34.
Chartered BaRK-4
Hongkong Bank-718.
Lloyds Bank-778 d.
M
Lombard Banking Ord-19a 4158.
Union Insurance-£7-29/34.
011
Dumah Oil--306 d.
Hoyal Dutch-11-13/10.
Steel Engineering
Dabcock & Wilcox Ord d
United Steci-07s, Dul.
Industrials
od.
Boardman, Marden Ord-ä¶ B. British Motor Ord-15: 7,0, 10014 13 & 2) 019-60% 34, Burte lus On 30. De La Rue Ont-14 Pa Dunlop flubher
Fee, Mus Ford Motor Ord-1354. 90,
tifolchinger) Climan
10. Great Universal Ordo bet
Siddeley Ord-20 10. Hawkin Chemical Ord--as
Oni-12:1 Murks & Spencer "A"
Standard-Triumph-Ex 7. Unilever Ort-140 10LSCE. Woolwerih Did-41 444.
Minex
De Beers Det-15 Ji. Tetaling Tin--76
Miscellaneo
Nawmaker O-244 94. Hongkong & Cina Gas-m-153, Indo-China Def. Ord--19s Gl.
Def-351
14.
& O. Steine Nav.
U.S.
--Reuter,
THE CHINA MAIL, FRIDAY, NOVEMBER 18, 1960.
WEEKLY, REPORT
ON THE HONGKONG STOCK EXCHANGE
STOCKS STAY STEADY
Banks decline,
Cottons show
increases
The Hongkong stock market was steady during the week. Only Banks showed an appreciable drop in price. On the the best gains were other hand,
recorded in the Coffons.
Yesterday the approximate
the best in recent weeks.
turnover was $5,790,000,
,
Lights dropped last week but, (nominal price); Docks lost 3) La lo9. at $107; Talkoo Docks remained has regained all of Prices went down to $24.30 last steady at $04: Providents gained
Lights an 40 cents at $22, Friday, the day nounced a Anal dividend of 00 cents a share. They went back to $24.00 yesterday.
cotton was the increase registered by
output
Washington, Nov. 17.
a
The Argkulture Department estimates United States cotton production during the 1900-B1 marketing car, will be about
4,200,000 uning bules,
the of 300.000 from decstase previous year.
Consumption of eatton abroad faster is expected to increase than produclices of entten, the Department reported
Asse. Five Indies d. long-range forecast.-UPI. Assac Portland
P.O
ORIENT
LINES
EMBARKATION NOTICE
R.M.S. "CANTON"
7
for UNITED KINGDOM via SINGAPORE, PENANG, COLOMBO, BOMBAY, ADEN, SUEZ-PÓRT SAID. EMBARKATION:
SAILS:
The ship will be borthed at No. 1 Passengers Pier, Kowloon Wharf.
ahould embark between 4.00 p.m. and 6.00 p.m. on Friday, 18th November, 1960.
The ship is expected to sail at 8.00 p.m. on Friday, 18th November, 1960.
BAGGAGE:
Should be sent to the longkong & Kowloon Wharf Co.'s Godown (No. 2 Gate), Navy Street, by 5.00 p.m. on 17th November, 1960.
SUBJECT TO CHANGE Agents:
MACKINNON, MACKENZIE & CO.
OF H.K, LTD., Telephone 85211-9.
Lands, Hotels and Buildings: $42; Holela jost 25 cents at
$60 Lands stayed steady at Realtics remained steady at $1.90.
The fenture of the market Textiles and Nanyangs, reflect- ing improved business in those two concerns.
Nanyang closed at $36.20 yes-cents at $334 terdny compared with $15 last Thursday.
Industrials: Cements rose by 50 cents at $57.
Stores: Dairy Farms gained 73 Watsons In- creased by $1 at $33: Lanc Crawfords were steady at $41; Textiles closed at £9.00
Cottons: Textiles rose by 65 cents at $8.50; Nanyangs gainer pared with $8.95 just Thursday.
to $1.20 at $16.20, Wheelocks went forward $8.95, a gain of 20 cents, follow- ing publication of their balance sheet
COM-
Dairy Farms at $334 and Watsons at $32 continued their steady gains over recent weeks. Comparative closing figures show the following:
Investments:
Internationale gained 40 cents at $9 (buyers offer): Allied gained 20 cents at $6.10 (buyers offer).
Market diary
ПК Bank Lombard Union Wheelock HK Wharf
AK Tram.
a
glance *
Up or
Dividend
* Волив
The share market
Oct. 20
Det. 27
Nov. 3
Nav, 10
1290
1310
1315
1340
Nov. 17
1325
Down
Yield (%)
15
3.0
39
41%
416
+1.50
42
4.0
325
12K
· 125
125
126
steady
$4,40
7.30
7.85
8.10
8.75
6.95
+200
000
242
2140
2441
21th
steady
#B.
8.2
HK Ducks
108
100
106b
108
107
31
Pło
B.2
Talkoo Docks
0314
0236
0436
C4
Ü
steady
$2.50
4.4
Provident
21.80
212
21.00
21.60
22
+400
$1.00
5.0
HETM Hotels
4214
413%
4244
€214
42
~250
52.75
G.J
HK Lands
02
01
03
60
66
steady
32.10
3.6
HK Realty
1.90
1.875
1.876
1.00
1.90
kieady
13.75c
3134
31
3134
321⁄4
32 á
steady
$22.05
0.0
Star Ferry
177
175
1726
173
176
4-$3
$9.50
5.5
Yaumalla
102
102
102
102
103b
steady
$8.50
H.3
23.00
28.40
24.20
24.00
24,90
steady
$1.10
4.5
28.60
28.40
28.00
29.10
29.10
steady
$1.70
36
35%
36
.
3654
3034
+250
$1,705
4.8
56
5514
554
3014
57
+500
BL
314
314
31%
32
38+4
+750
$1.85
5.8
27.80
20
30%
32
+$1
$1.50
1
Lane, Crawford
41
1046
41
41
steady
52.75
6.8
Int'l Investment
8.60
8.708
B
8.85
9
+400
750
8.0
Allied
0.20#
1.800
6.158
5.00
0.100
+200
st
113
HK & FE Inv
14.10
14
14.70
1414
14.90
+400
900
0,2
Textile Corp
8.85
B
8.85
8.05
9.00
+850
800
6.3
14.70
1434
15
16.20
+$1.20
$1.10
in
Ch Light
Electrics
HIK Telepbone
G. 1. Cement
Dairy Farm
A. 8. Watson
Nanyang
14%
Wall Street
narrow
31
eases
trading session
New York, Nov. 17.
Stocks eased again today in another narrow trading session. Volume ran
well below yesterday's pace.
along
Utilities: Trams stayed steady Fat $32; Star Ferries gained s3 former lost ground on declara Chemicals and Steels
At $176; Yaumatis were
U.S. INVESTMENT QUOTATIONS
at
Blue Chip Industriais eased Case J. 1) Co.
with Olls, Cat, Tractor slightly
Celanese Corp.... while... Financial Corp. Chrysler Motors Cluet! Peabody... Colgate-Paimoitve Co Colombian Carben Co., Commercial Credit Corning Glam Worke Consolidated Edison Consolidated T'aper Consumers, Gi Continental Cnn' Continental Oll at Del,
Of a total 1,223 shares traded
Crane Co
Crown Zellerbach
Cuban Amer. Sugar. Delaware & Hudson Co. Diamond Alkali
Distillers-Scagrame Dominian Stores
300 were higher and 883 lower. Douglas Alrereft
Americott Exchange volume was 1,030,000 shares.
Bonds volume amounted $4,720,000.
Closing prices
to
Dow Chemtital
Dupont de Nemours Ensimon Kodak.... El Paso Natural Gas Family Finance Corp.
Ferm C
First Nis. Cly
$2714 Fort Mater
Georgia Parific"
477%
32
Friday: All the interest in the curly stages was centred in China and Wheelocks. The Lights
nort of steady tion of the dividend,
and Electronics WED Motors mixed and most drugs moved at $103 (buyers offer); China which was regained as the day Wheelocks nearly Lights remained
progressed. steady
the $9 barrier and higher.
IBM rose around 7 points in $24.90: Electrics were steudly at reached
but Texas In $28.10; Telephones gained 25 finished in strong demand, Beres
held their ground ut $1.345, the Electronics cents at $861
dropped around 5. struments Banks: Hongkong Banks de- Hotels and Lands were active Universal Match held nearly un- and maintained their level. The changed in the Vendings where clined by $15 at $1,325.
on a strong nate remained week ended
Vendo added
point. around Insurance: Unions
and AMF TOSC Brunswick slends at $125; Lombards gained with a predominance of gains. The approximate turnover waż $1.50 at $43.
point or more.
Today's volume was 2,450,000 Shipping: Wheelocks went up $4 million.
fair Tuesday: There was a 20 cents at $8.83;
shares. Transacted Docks, Wharves and Godowns: amount of business Wharves stayed steady at $244 during the day, Banks dropped $15 at 51,330 from $1,345 оп Friday jast. Wheelocks WEXT transacted from $8.40 to DE high as $8.60 ex div. Ehewhere fluctuations were within very limits. The market narrow closed steady. The approximate | Auftibi Twr. & Paper turnover was $2,500,000.
spurt of Wednesday: A activity was seen in the day's Gains short two-hour session. were recorded in Lights and the hove nearly Coltons. Lights fully recovered from their re- Wheelocks were eent drop. particularly active and Fanged The between $8 and $8.00, market closed firm and the turn- over
was approximately $2,460,000
Thursday: After yesterday's quiet day of selective buying the market regained momentum and gains were re- gistered on a wide fromt. All Asbestos Corp sections came in for notice and Atlas Cons. Mining while Banks, Lands and Docks Balwin-Lima-Ham.
and strong
sicady, Dallimore & Ohio Bank of Montreal, Wheelocks surged forward to Bank of Nova Scotia $8.05 ex div. on the publication Decals Life Savers of the balance sheet, Uulities B. C. Tel. Co, were in demand and buyers Bell Telephone
Beneficial Finance predominated, while among the | Bendix Aviation Corp. Textile group, useful gains were Benguet Cons. marked up. The market closed Bethlehem steet on a crescendo of trading with
The following are U.S. Invest- mrnis de in American dollars. Buyers' prices include commis- sion:
Affliated Fund Am Bus urs Axe Hought a
Sellers Buyers
0.07
7,64
4.50
4.47-
7.04
11.03
Bullock Fund ....... 11.AG
1204
Canada Gen Fund..
13.15
14.22
Canadian Fa
13.43
10.80
Canadian Int Croweth 10.27-
11.22
Chemical Fund
30.06
Dreyfus Fund
Eaton & H. Stack.. Electronics Inv.... Found Mut Fund Commalth Stock
11.85 15.60 11.1 32.83 7.01 7.89
10.49 31.40
14.17
10.49
Dividend Sh
2.KS
3.13
inm Fd HC-7
4.84
5.20
Instit Found
10.00
13.04
were
Justit Growth
10.13
11.14
Instit Income
6.07
0.04
Invest Tr Bosto
10.02
11.03
Keystone Cust B2..
01.21
23.14
Keystone Canada
33.00
10.10
Mass Inv Tr...
$3.00
14.322
Masa Growth
14.37
18.54
Nnt See Ser Growth
0.34
D.11
Scudder St
C...
10.47
10,47
Telev El Fund
0.01
5.63
0.37
10.10
31.14 13.00 19.22
Value Line Fund..
V. I. P.
Wellington Fund
Aldes Inc. Acy. Algoma Steel Corp. Allied Chemicals Allied Mills Inc. Allis Chalmers Am. Brake Shoe
Bank
General Dynamka
821; General Electrie
General Foods
General Motore
Co. rich IBF) Co.
14 Great Northern Railway
241
5714
Gen. Pub. Uti
American Airline
10
Gen. Tel. & ler.
American Cable & Radia Corp
Gea. Tyre & Rubber
American Cyanamid Co.
43
Amer. & Forgn, Fower Am. Gas & Electric Am. Home Prod.
Th
Goodyear Tyre
73
Crumman Aircraft
7292
Gulf Oil
Hammond Organ
2017
912
DO
24
44
33
35
Ampertol Tobacco
232
A. Mach. & F dry. Am. Natural Gos American Smelting Am. Sugar Ret. American Tel & Tel American Tob Ampex
Anaconda Copper Armeo Steel Armour
Boeing Airplane
Borden (The) Co.
a day's turnover of nearly $6 Burroughs Add Machine .... million.
P.O
P.O
ORIENT
LINES
ORIENT
LINES
British Amer. Oit
Calif. Packing Corp. Cana. Bk. of Comm. Campbell Soup Co. Canadian Pacific X.
Heyden Newport Corp.
BITam Walker ...
Hamerlake Mining Co.
Hannon Reiria
Idaho Powe
Imperial Of
Ingersoll-Rand
Inland Steel Ca
11 International Corp.
28 Int Buress Machines
301 Herventer
Internatiorial Nickel
2012 Mesabi Iron Cerp.
Minnesota Mining Minion Development
ronnento
Melsons Brewereal Co.
Montecatini
Montgomery Ward
totorola Inc.
Bicult Co.
HONGKONG STOCK EXCHANGE
بادی
Our Own Corresponden
Business done at the Heng- this Block kong
Exchange 97% morning amounted to, approxi-
mately $3,300,000, Noon quota- tions and the morning's tran- sactions:
Buyers Beffers
811 Merck
22
BEL
42
101
391
001's
171
shares FIX Bank 1323 1336
Sales
20 # 1524
20 1325
401% National Lead
20 1330
National Bicel Corp.
New York Central
64
Noranda Minée But.
Lombard Ins Union In..
4215
100
44%
14%
North Amer. Aylation Northwest Airlines
Norfolk & Wester By.
Wharf Co.
240
(Con
Waterboat
Wheelock
00
242 On Mathieson
1.03
9.15 13623 D
10375
Cash Reg. "*** 6316 National Dairy Prod.
SIT
75
100
108
Oklabama Nat. C
Oils Elevators
Owen-Tinols Glas
Orford Paper Co.
Partie Ges
Elec.
Par! "American Airways
Paramount Picturet
Parke Davis Co.
2714 Penny J. C. Co.
31%
Perm. Salt Co.
Philip Morris
Procter & Gamble Co.
Pullman...
Raytheon
41
781%
Pitney Bowes
0216
Pittsburgh Plate Glas
Portland Gon. Eleg.
WE
Publieker Industries
654
4102
Pure Ofi
20
Radio Corporation
20
3112
Repubile Steel
352%
સાહ
Reynol Tobacco
4414
Royal Dutch
3092
Site Oil Co...
2013
201
Scint Reg, Poper
Metal
Royal Bank of Canada
Rheem Mfg.
Sears, Roebuck & Co.
Safeway Stores
Schenleyine.
461 Beolt Poper
4034
Blesler Corp.
Sinclair Of
Ke & French
3:11Mobil Oil
South Puerto Rico Sugar Bouthern Co. (The)
37 Sarthern Natural Gas
Southern Pacific Co.... Southern Railway (Com.) Eperry Rond ...
425
DO
4023
Brand
Standall of Cal.
Standard Oil of Inkl.
Standard Oil of N.J.
6231
4312
International Paper
435141 Tel. & Tel....
Johns-Mmville Co,
$4
sait
Kalmer Induiries
Hennebont Copper
76
Steel Co, of Canada
12
Kimberly Clark
Sleen Hock
3314
Liggett Myers Tob, Co.
Sterling Drug Co.
Lily Tullp
48
244
Miton Ind.
Stone & Webster
53
Lockheed Aircraft
2711
Loews Incorp
2815
Lone Star Cement Co.
06
Sans.
Lorillard P.
Lena tein
7034 McDermott J. Ray
211 McDonnell Aircraft
COMMODITY PRICES
COTTON
the-2016
Stokely-Ven Camp.
Studebaker Porkand Corp.
Sunshine Mining
Awift & Co.
Texas Co.
Textres Inc. Thlokol Chem. Tice Water Off Time Inca aku.. Traders Finenes
Travelers Inc. |
Tri-Cost Warrants
Twentieth Century Fox Film
Union Carbide
Unim Packle Railway
United Gos Corp.
United Aircraft
United Frull
Jan. Jan.
20-24
US, Foll "B"
Estate Crepe this Dec
US. Cyprum
thick Dee..
UPI
BA, Ling Co.
UB. Rubber
x.b.
HK Dock
Providen
HK Hole!
HK Land:
Yauma!i ...
Bonus L
Ris. HK Tram **
Ch. Light
Electric
25 15.10
... 23.10 29.30
Telephone. 3845 3094
127
4000 d 10000
2000
20304
3500
Bls. 19.70 19.90
1500 75
G.. Cement 0415 GT 3400
Dairy Form · 33 2014
Watson
Allled Inw.
1916 Textile
1500 * 231)
200033)
311 31
33 1003
Nongping
10.40 16.50 300
2600
1000
5000
A. Rubber.
5.80
1.50
Trust Telkoo Dock
7.80
Humphrey 24.80 Realty
1300
1.30 1.923 10000
*2000
Metal Ind.
1000
2000
1570
3000 GA 1,925
15 19.10 13050 77 15
4312
2500 18.10
#2000 ₪ 1,30
500 G 410
2.175 2,225 12000 a 2,20
1000 2.20
9.30
10
EMBARKATION NOTICE
s.s. "IBERIA
#7
for MANILA, SYDNEY and the UNITED KINGDOM
EMBARKATION: The ship will be berthed at No. 2
SAILS:
BAGGAGE:
Passengers Pier, Kowloon Wharf. should embark between 4.00 p.m. und 4.00 pm on Saturday, 19th Novem ber, 1980.
The ship is expected to sall at Mid- night on Saturday, 10th November, 1900.
Should be sent to the Hongkong & Kowloon Wharf Co.'s Godown (No. 2 Gate) between 8.00 a.m. and 5.00 p.m. on 18th November, or between 8.00 a.m. and Noon on 19th Novem- ber, 1980.
SUBJECT TO CHANGE
Agonta:
-MACKINNON, MACKENZIE & CO. OF HONG KONG LTD.
Felephonet-35211/926.
EMBARKATION NOTICE
S.S. "ORCADES"
for JAPAN, HONOLULU, VANCOUVER, SAN FRANCISCO, LOS ANGELES, thence AUSTRALIA and the UNITED KINGDOM.
EMBARKATION:
SAILS:
The ship will bo berthed at No. 1 Passengers Pler, Kowloon Wharf.
should embark between 1.00 p.m. and 3.00 p.m. on Sunday, 20th November, 1960.
The ship is expected to sall at 4.00 p.m. on Sunday, 20th November, 1900.
BAGGAGE:
Should be sent to the Hongkong & Kowloon Wharf Co.'s Godown (No. 2 date) between 8.00 a.m. and 5.00 p.m. on 19th November, 1900,
SUBJECT TO CHANGE Agentar
MACKINNON, MACKENZIE & CO.
́OF H.K. LTD., Telephone: 86211/8
+
LIVERPOOL
Closing prices all in pence
American Contract
per ib:
December March May
July
ensee
METALS
*NEW YORK
Closest prices all in cents per
Octobe
xed Contract Mixed
Dec.
December March May Fiy
23.05 23.00
zine
Dec.
Cupper Dec.
Celober
24.20 21.00
Jan
LONDON
UR. Kreting
ITA, Steel
UB. Sleet 7 PC. PE Warner Bros. Arora Westinghouse Air Brake Wextination Vectric Western Union Tal. Co. West VA, Fun & Paper Winn-Dixie Sto Westworth t Zenith Radio
10.25
21.27
Ten mast
Closing price, ali, in sterling!
per long boi,
Tun spot
Buyer bnew
601
1. Craw.
Giouan
Co $4.70
Vibro
20.30 2015
More U.S. gold
purchased
Washington, Nov. 17.. Foreigners piotrosed another
active stocks American gold
„...
New York Non 17. Ten most activa slocks en' the New York stock exobahes lon day, antes, closings Can we
during the past week, the 17.5.
Reserve Boar!
The Doord sold the US, gold supply on wednesday night changes resposiávely With Himod at $18,000 millon. This
follows:
Vreprenebla a reduction of more
-34,000 Sid. OH, N, J. 40 ml Vs JM 1,300 million smoa June 32,100 Amer. Motors 19:27 | MAAS
20,000 Univ. Match 60 up
off
24,300 Gen. Motors 41% off
23,500 Univ. Oil Prod Et up
∙13:
$28,700
- Controlo 2114
Exchange rates
Businest› was done in the local 22,000 Bath, Steel 2014 off:14. momies at the folowing FASHI
Jubeb,
121,700 Brunswick 6914 kb 47| Indonetiza eppich (par. 100;
RUBBER
NEW YORK
Rex rubber. futures closing prices, all in cents per lb.:
Nov. Jan.
MAT
MAY
ALLE
LONDON Closing prices all in ponce per
No, 1 F #sot 1871⁄2-2015
Beillement hotune fermi
Glenarai maskota, cikk, bakin
Copperbol
mments
Lead Zre halt Nov.
3-month Zing and felt Nov.
J-month
FORFICA ENCHANGI