Pago 2
THE CHINA MAIL,, FRIDAY, DECEMBER 2, 1960.
WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE
FURTHER INCREASES
Bank prices jump up, big
turnover
There were in general further increases
The share · market
11K Bank Lombard Unjon Wheelock HK Wharf
Star Ferry
at
Dec. 1
1305
a
*
glance ⭑
Up or
Down
+70
Dividend
& Bonus
$48
Yield(%)
LOSS OF U.S. GOLD SAID THREAT TO FREE WORLD
Newberry, S.C., Dec. 1. Rep. W. J. Bryan Dorn (Democrat-South Caro- lina) said today the greatest threat to the American economy and to U.S. leadership of the Free World is loss of United States gold réserves.
actions
ان
Dorn told a luncheon meeting | uations, such as West Germany of a Newberry civie club the and England, with -) balance recent
President | budgets and tax reductions, Eisenhower to halt the outflow must be induced to pay a larger of gold,
of the bill. while
He said commend share able, wax "too little, and loo France, Italy, Japan and other allies must be encouraged to Dom proposed a four-point place more troops in the Geld, save gold re-permitting American soldiers programme to serves and protect the value of and their dependents to return U.S. paper currency,
First, he called for a reduction
ald. foreign
Durn said
Nov. 3
Nov. 10
Nov. 17
1316
1340
1328
Nov. 24 1320
2.4.
#116
41%
49
13
+500
4.9
128
128
123
120
12#
#3.40
4.8
8.10
8.75
8.95.
9,00
0.53
50
€00
0.5
2341
2441
2441
2486
$70
+22
雞
3
1K Becks
1000
LON
107
110
114
+4
$10
8.3
Taikon Docks
04!
04.
44
GA
6814
+14
$2.80
4.2
Provident
21,00
21.60
22
22.20
23.20
+1
$1.40
6.5
HK Hotels.
4214
4214
42
4314
4814
236
$2.75
4.2
HK Lands
0312
GO
00
B014
71
+1.80
$2.40
3,3
late."
HK Realty
1.875
1.90
1.90
1.90
2.028
+12.50
13.75e
0.8
HK Trama
314
3214
3211
32
3314TM
4214
$2.05
G.A
1720
173
∙170.
180b
187
+7
$9.50
5.1
102
103
1088
108
111
+
$8.50
24.20
24,00
24.00
25
28.10
+3.10
$1.10
28.60
29.10
29.10
29.10
3114
42.40
$1.70
In
HK Telephone
30
364
384
**
3834
+14
$1.75
Hong-
G. I. Cement
5514
1614
57
03
0434
+114
Dairy Farmi
314
3214
3314
32
34
$1,85
A. S. Watson
304
31
32
33.
3834
+59
$1,60
Jane, Crawford
403b
41
41
41
4435
+33
$2.75
814
8.85
94b
9.83
10.70
+85c
6.15A
5.90
6,10b
64
8.10
+1.25
NK & FE Inv
14.70
1414
14.90
15,60%
16.40
-200
800
8.85 41%
8.95
0.00
9,65
9.05
steady
B00
8.3
14
10.20
10.00
16.40
-400
$1.10
0.6
in stock prices as well as the volume of business in the week's trading in the local stock market.
The most marked increase was registered in
kong Banks. The price, which the day previous had closed at $1,335, shot up to $1,395 yesterday. Walyons and Allied Invest-kong Lands touched the $70 ments also showed good gains. Watsona rose to $38%, an in- crebne of $54 compared with the week before.
Allied shares went up to $8.1),
a gain of $1.25.
The
mark and Docks were marked up to $114, Gilmans advanced still further while Banks resum
The ed their upward trend, week ended on a very strong note with the day's approximate turnover at $7,700,000,
The market
was
China Lights continued to the closing
Monday: gain in strength. price rouching $28.10 yesterday again strong and steady, but turnover without establishing any parti- approximate
The feature of རང་ ༤་ །་ $9 million yesterday, the cular trend. test for a single day nee the the day was the rire in Allied Friday's price record-breuling ported In May Investors from
jer $7.10 to $8.10. The ap this year.
|proximate
was turnover
closing
prices
The appximale volunte cf: $6,100,000. business from last Friday to yes terday amounted to $32,730,000 compared with'.$27,000,000 the previous week.
Comparative show the following
Banks: Hongkong Banks rose by $70 at $1395.
insurance: Lombards gained 50 cents at $43; Unions lost $2 at 8124,
Utilities Trams gained $1
at $33 Star Ferries rose by $7 at 5187: Yaumatis gained $6 at $111; China Lights Increased by $2.10 at $28.10; Electrics gain ed $2.40 at $314: Telephones gained $1% ! $78%;
Shipping Wheelocks lost live eunis at $9.55.
Docks, Wajarves and Godownis Wharves increased by $22 ni $270;
$23.20.
Yaumaja
Ch light
Electrics
Int'l Investment Allied
Texille Corp Nanyang
WALL
HONGKONG
Tuesday: The market has very active throughout been the day. Interest was well spread, the main fecture of the day was China Lights which rose to as high as $20.20 per share in response to an overall Eccount by the well balanced
All other stocks Chairman. maintained their prices and fluctuated within very narrow limits. The
cloged market The Rubber sec- very steady.
The ap-keng than was weekish.
furnover Was proximate $5,330,000.
10
STOCK EXCHANGE
by
Our Own Correxpomifent
STREET DECLINE
CONTINUES
New York, Dec. 1.
The stock market continued on its down- ward trend after yesterday's biggest decline since the end of October.
Blue chips were mostly while the fractionally lower
Gen Tyre & Rubber Goodnih (B.F.) Co. Goodyear Tyre *** our on...
Arent loases were rogistered by ihe speciality issues and those Hammond Organ
Homestate Mining Co. Business done at the Hong-stocks outside the Dow Jones in-
Idaho Power __............ 'Stock Exchange thesdustrial average.
Inland Steel Co. Chrysler slipped off 1⁄4 pointerchemical Corp. morning amounted to approxt-
quota-n the moiars, also to a new Int'l BUTUC Machines imately $8,100,000. Noon
declined International Mickel tions and the morning's irons-low, while Ford
International Paper point in response to reports that inti Tel. & 7. actions
Treasury Secretary Anderson Johns-Motwhile Co. Bales had asked the company to drop Kalser Industries
plans to acquire all the stock of 100420s British subsidiary. American
Motors t
Shares
Wednesday: Theycket fol. towed yesterday's kind with some siccks tanging on addi-
Lights UK Bank tional gains. China were again the principal feature $27.20, a Docks gained $4 at $114; Taising to as high
Rubber section The hoo Docks went up by $4 at Bain of 51 since yesterday's S80: Providents gained si at close.
proved asin weak: The markel with a turnover approximately Holels, Lands and Buildings: closed fir amounting Hotels lost 25 cents at $43.
$4,600,000 Lands gained $1.30 at $71: Realties. rose by 122 cents at Thursday: The market opened
with Ho great pronise)- $2.925.
which
proved only be the "quiet, before
When trading really storm, got into its stride the pace be came terrific and buyers chased the prices and slili satisfied touched steady.
Industrials
$14 at $841⁄2
Cements gained
Stores: Dairy Farms gained, $1 at $34; Watsons increased by Collons: Textiles remained $59% at $38341; Lane Crawfords rose by $32 at $44%.
steady at $9.65: Nangangs lost 20 cents at $18.40.
"
Market diary
Friday: The market opened strongly and gains were regist- Some cred in most rections.
during irregularity developed the day and some shares did not qulle hold their best. Hory
Yesterday's Closing
thé
were un-
Whert Co. Waterhout
Buyers Sellers 1400 1420
1400
10 410
130 1425
LD 1410 20110
30
937
London
stocks steady
London, Dec. 1.
191⁄2 | Industrial issues closed firm today following a pickup In buying for short-cover- ing during the afternoon. mostly Other sections were enster.
Kimberly Clark
Liggen & Mycm Toh. Co.
Iron Lad
7416
Esi
Lockheed Adrezal
among the de-
15
301
which
slashed
321420 North American and United
100 w
Bk. E. Akin Lomtun! Union 1.
220
0.35
114
2000 0.60 2000 ur 13900 DES
300 115 118
200 (
M800 116
Wheelock
HK Dock
Provident 20.30 23.40
K art. end. Banks rinsed and
at the $1,400 China Lights closed at HK Land, a new high of $28.10 and Lands broke through the $70 mark and Ilsbed their highest at $71. There was no evidence of proft buyers predominating taking, until the end. This buoyan markel ended the day's trading yourut! stronger than ever with a turn- over of approximately $9 million.
COMMODITY PRICES
RUBBER
SINGAPORE
Closing prices áli Ini Stralis
15. fo.b. Malayani
echts per parts:
METALS
rase fractions
Loows incory.....
L Star Cement Co. Lowenstein & Bond
fence avocke. Delaware and McDermott J. Hay
the MoDornell Airerátt
Hudson.
dividend yesterday, opened late Merok
on a 6,000-share block, off 2 Mesabi Iros
Mission Development
Montecatin
and traded down to a 3-point | Monsanto Chemies! Co. 1065. UGUToday's-volume was 3,090,000
shares.
000 4 115
200 110 509 116 1000 15 2000 si 23.30
43 4312
$400 or 13
1000 43
72
000 of 71%
2000
114
800 12
1800277
200 72 400 71 400 or 714 10557210
50 112 1100114 255 or 100 15096
Bonit 100 103 Rights AK Trom 33% 34% 1000
Of a total 1.220 issues traded, 332 were higher and 040 lower.
American Exchange
$12M
Volume
Moorwery Ward
Motorola Inv. pag National Biscuit Co National Cash Reg. “A” National Dairy Prod. Nations Lerd National Steel Corp. New York Central Norfolk & Western Ra North Amer. Aviation Nisthwest Airlines (Com.) averages | Oktahama Net. GaS
1,000,000 shures. Bonds volume amounted to $5,100,000. Dow-Jones closing
were:
30 Industriais
20 Rails
15 Ulities
05 Slocks
40 Bonds
Ob's Elevatora ... 594.50 Owen-Ills Glues Oxford Pepper Ca
127.58 Pacific Gas & Elte.
05.48 | Pars American Airway's 198.72 Paramount Pictures
84.41 Penny J, C. Co.
Phillp Morris Procter & Gamble Co. Pittsburgh Plate Glass Publicker Industries Pure 01... Radio Corporation Radle Corn. Pref.
Comin. future price index 141.00
Closing prices
Allied Chemicals
334
3000 34
Allied Mills Inc.
5000 34
C. Light XD 27.00
Allis Characte
20 2000
27.00
Ain. Brake Shoe
2000 28
2000
28.10
1000, n. 26,30
1000 # 28.20
American Airline
Am. Cable & Radio Corp.
American Cyanamid Co.
100 or 29.30 Am. Ces & Electric
1000 23.20
1000 20,3
2000 11 23,40
Am. Home Prod.
A. Mach. & b dry.
Annerlean Metal
2000 28,40 American Smelling
3309. 28.20
100 of 28,30 1000 6 28,20
600 29 1000 or 3124
Am. Sugar Bet.
American Tel & Tel American Tob.
Ampex Anscenda Copper Armour
Allas Cone Miring Baldwin-Limp-Hai.
Baltimore & Ohio
500 28.40 790 20,10
40
3334
Reynolds Metal
77% Southern Railway (Com)
Sperry Rand
281 Standard Oll at Cal.
Cars, Department Stores and Tobacco shares were la demari,
2 British Ford recovered part of 31s curler decline.
7712
3412
214
Gold and oll shares ended
4351 with frusticnal loss while dollar
stocks were mixed
70
您
Reynolds Tobacco
Royal Dutch
18
Rheem Mig.
412 Sears, Roebuck & Co.
40%
Shell Oil Co.
409%
G4Safeway Stores
17994 Saint Reg. Paper
Aco Paper
303%
24
Biegler Carpi
2011
551
Sinclair CHE...
Smit, Kline & French
$3% Jocuny Mobil O
E01 South Puerto tico Sugar
142%
22% Southern Co. (The)
44
Southern Natural Gas
Spol rubber unhaled
No. 1 Dec.
Jon.
No. 2 Dec
No. 3
No.4
Blanket crepe
No. 1 pale enepe
LONDON
Closing prices all in pence
per 1b.:
No. 1. Res spot.
Settlement House ter 2034-ZÍ
JAR:/Mar
Ape/Tune
July/Bek
Nov./Day
北
2014-251
defal malerts, clt, basis,
ports:
Zing. It halt
0496-dia
001-034
8215-83
LONDON Closing prices, nil in sterling per long ton:
Buyers Setters Tin
799 000 Spot
79714 708 3-month Copper
Spot
IK Elec... 31 3123
1000 & 32
12
Bandard Brands
200 + 314%
1000 N 32
Beneficial Finance
33
Batard Oil of Ind.
Bendix Aviation Corp.
82
Standard Oll of NJ,
1500 321
Benguet Cons.
1
Bierling Drug Co.
Bethlehem Steel
371 solely-Van Camp.
Boeing Airplane
30
Sunshine Mining
Borden (c) Co.
001% Bwift & Co.
IIK Tel.
Burroughs Add Machine **
27
2314
Calli. Packing Corp.
274 Textron Inc.
84-0414
-month
228
Canadian Pacife It.
7245-7319
Lead Inhalt
Case (J.) Co.
10-90
Dec.
2016
S-month
RLC 21.30
month
BOX
UPL
Cement
મ
217
84
'RIC
Estate erept the Doc.
thick Dec.
30-41-
202
FOREIGN EXCHANGE
NEW YORK Closinkrater:
Dairy
The British government bonds were easy--UPI.
Closing prices
British Government Securities 25%. Consolidated £43xd,
J. Conversion-239-15/16. 3. Bavings 1055/65-295-1/16. 3 Savings
3. Savings 1960/75
Banks & Insurance
Barclays Ord-049.
Chartered Bank-47 3d. Hongkong Bank-£71 cor. Lloyds Bank-70s Dd. Lombard Banking Ord-186 to, Union Insurance-794.
Ou
Burmah Oil-379 d. Royal Dutch-£11-13/32.
Steels Engineer 439 4120.
Babcock & Wilcox Unlied Steel-675 Od. Vickers Ord-296.
Industrials
Assoc Elec, Industrits—er 9d. Asoc. Portland Cement-08 114, Boardman, Marden Ord Ibisa. Conts (J. & P.) Ord-dt 11⁄2d, Courtaulde Ord 141⁄20. De Le Rve Ord-638 $0. Dunlop Fubber Ord-218.
Elec.& Industries-41% 14. Ford Motor Ord-135% 120. General Electric Ord-al′′ 3d.
Gilman (Holdings) Ord---2 10th. Oreal Universal Örd-201 Hawker Siddeley Ord-29; 3:3,
"A" Ori-83Y Marks & Spencer
Rolls-Royce-12# 30. Standard-Triumph 30,
Det 478. Unilever Woolworth Ord-50% Bd.
Mines
De Beer Def=147% od. Petaling 7---7= Gd.
Miscellaneous
B. ORI-231 150.
China G-16) Indo-Chins Del. Ord--le pd.
P. & G. Steam Nav. Dels d..
Neuter,
One booking in Far Eastern
section
home.
Second, Don snid Congress must regeth 15 constitutional power, lo regulate foreign trade, He said the Unlied. States is pili up
surpluses of agricultural and industrial pro- duets while importing many of the same product's we have in rupis
vast
Third, Dorn said the power of the State Department must be ourbed. He saidṣihisi de- partment has dominated, the American economy, "milltary polley, foreign aid and foreign trade.
the
London, Dec. 1.
And fourth. Dorn sald Only one booking was report-
ed in the Far Eastern coalition of Southern Democrats and midwest Republicans must section of the Baltic ex- continue to prevent the passage change today. Sula of radical, socialistic legislation 499,000 bale with a copra and to provide for the American to people a balanced budget and cargo ex-Philippines
reduction of the national, debt. Antwerp/Hamburg range. UPI.
Lower rate 18 cents per bel? foot agreed for December jood- ing on to, and stowed 129 with an option to discharge on the west coast, USA, at 12 rints..
Activity in the European section was moderate and book- verde? a Triton Es included with 13,000 heavy grain from the Gulf to Poland in December position for which charterers agreed on the steady rate of $7 with 1,300 metric tons discharge free.
Rubber market
Singapore, Dec. 1. Overseas markets were dis- appointing and this coupl- Lower rate of $80,500 fi.o,
ed with the large increase was agreed., for Liberty sized
in end-October Malayan cargo scrap aboard Elga ex- northern range to west Italy in stocks caused carly selling
Ιπ December/January position.
for December No. Ras. time charter, the motor · vessel At the lower levels upcountry Henriette Wilhelmina Schulte and locul profit-taking held the 14,902-ton was
for mice andy a very quiet salon Voyne home delivery British developed with minor ductun- Columbla December 15/30 positions and tom-UPI.
booked
WOOL
New York, Dec. 1. Wool futures
closed changed to a of a cent higher, December 109.0 bid, March 112.0 bäck Spot 109.0.
Wool tops futures closed un- changed to 2 of a cent higher, December 147.5, May 146,8" bid. Spot 148.0 AP.
INTRODUCING
seme improvement towards noor
Interest in lower sheet was confined to some buying for two And three R December and closed slightly casier,
Afternoon cusion enlivened -for-a-while-by-a-small-Chlor
order.
This was insufcient to hold the market and prices casext through to the end of the day, In London, the rubber market was dull with spot quoted 24% pence.-UPI.
1st time
in Hong Kong
FULLY AUTOMATIC :
KOBAYASHI
TAG EYELETTING WIRING TWISTING
500 #22
2000 319 1000 a 311 150031%; 6000 ft 39
ID0 391 2500 30
1000 #7 5094
200 39
2000 30
600214
05 310003
700 @ 034% 1300 69 03
3000832 1000 da
500 64%
$434 3435 800 ve 33
1000-43431
800 of 54% 1000 #5411
2500 of 345
500 343
1800 60 24%
2400 or 3434 1100
Cal. Tractor
Celanese Corp.
CAT: Financial Corp.
Cluett Peabody ... Colorabian Carbon Co. Commercial Credit .... Continental Can Continental Oil of Del. Crane Co. FAKE Deinware Hudson Co.
· Douglas Aircraft ... Dow Chemical Dupont de Nemours
Eastman Kotak
El Paso, Natural Gas
Faidy Stanzos Corp.
Ford *******
General Dynamics
Grandzal zieki trie
Grenobal Foods
Texas Co.
Tulekol Chem.
Tide Water Ol
20% Time Inc.
Tri-Cont. Warrants
645 Twentieth Century Fox Flim
50
Union Carbide
Linjen Oil of Cal.
Walon Pacific Railway
31% United Frui
13 United Gas Corp.
45. Gypsum
20% 98. Line Co.
20 US Smelting
131 US. Steel wanit 143 US.. Steel 7 F.C. T Warner Bros.
199
3034 Waukesha Motors
Westinghouse Elbetrie Wesern Union Tel, Co.
41 Winn-Dixie Stores
Woolworth (K. W.) 桃
Zenith Radio
U.S. INVESTMENT QUOTATIONS
The following are U.S. Invest- 18mente as in American dollars. Buyere prices include commis-
31
Wentinghome Air Brake
41 21
ion;
Sellers Buyers
Aminted Fund
7.09
7.67
Am Bus Bhre
4.200
4.43
Atom Dev Mut
101
AN 1ought ....
0.00
A.TE
-UPI.
Bulldek Fund
Canada, den Pind
1300
Canadian J
15.07
Chemiest Funda
Canadian TH, Growth
10.00
10.90
Commith Block
13.30
Dividend Bh
2.90
Dreyfus Fund
14.15
si
Eaton & H. Stock ..
11.08
Klectronics In
120
Boulders Mul, Pund
10.63
2000
10.02 Ham TOY
100
1.07 Found
10.19
599 14.20 Indonesian rupian føwr 100j
3.30 a drowin
go karto papier Frue Karrjen
10.20
1000
20.10 Inkus, dicame
12
Foultar tenay 44NAL SEN
181 Invest Te Boston
11.09
Temper fiton
Hevone Canade
-Le Parch quð
LIVERPOOL
Clone prices all in pence
per ba
Mixed Contract
12
Canada England gi
100/32 2.8110
Watson
3015 Allied 1rty. BAD 8.30
03.20
2.0010
k 90-day
18040
15.3490
7000
8.20 4000 0.20
8.30
General MONTE
Gen. Pub, ỨIH,
New Zealand
1.0010
Taxis
**
5.8150
.02014.
14 10.80 4700 à 30.30 1000 à 10.19
.1433
Bouth Afries Bew Denmark
Oliers undanged.
LONDO
Closing rates: New York Molkeat Agendam
Copenhagen
03
PATIR. Stockholm Milan Vienna Zurich
2.7431-2.45
9 0,05 000 or 9.15 3000 11.65
E a.. Nimph 1840 (G) Lob vr 10%
1000 18 A. Rubber. 5.50 0.70 1000 $.06
7,20 R. Trust.. 19,00/410.00% ||Talkoo Dock 70%
13004139.30
1377-13 TEL 14.039-14,54 17042-276435 93,06-13,09 12.10-12,10
| thumphreya
3060 OF 5.70
5000 ** 5.70
5000 0.00
DOGO 42 6.85
714 29060 @ 1.20
73 400 @ 291ne's Invent 10.40 10.00
500 g 10% / whol9weltáre 1120-11.80 000 70% LTE
"Invert 900 & 70% ilman
$.05 4.075
Fully. Pata D
24 20.30 '2000. i 16.30 || Peak Trá
500 G 10.80
Exchangé rátes
Business was done in the local 4000 27 18.78 | unofficial, market this morning
1000 10.00 | the following rules:--
509 of 1080 115, dolar
30.00 Sterling nokën, tpær,
takto Austrailan põles (pèr ÉT
10.70 Rafn teal (per 100)
1000 @ 10.00 Singapore (Stra)
Unit trust
First Hongkong. Bund
Buyer Price: $ 205. Seller Price: $; ÅRE
HANDLE SHIPPING AND MERCHANDISE TACS FROM
1** uto
3%*7* LONG
AUNKING SPEED: 6,699 TACS PER HOUR.
NKT · WEIGHT: 200,X*p
BASSONS
1
An Suretion Stude
Ang kageration Mus
Puter
OVERSEAS CO LTD.
ROAD