WEEKLY REPORT ON THE
THE CHINA MAIL FRIDAY, DECEMBER 9, 1960.
HONGKONG STOCK EXCHANGE
A GENERAL DECLINE
MK Bank
Lombard
Union
Wheelock
Ik Wharf
1K Realty
JK Trans
The
share market
4
at
*
glance ⭑
3
8.9
Up or
Dividend
Nov. 10 • Nov. 17
Nov. 24
Dec. 1
Dec. 8
Down
& Bonus
Yield (%)
1340
4134
1325
1325
1395
1420
+25
$48
3:3
13
4216
43
43s
steady
5%
4.9
125
126
126
124
194
steady
$3.40
2.8
8.75
8.95
9.00
0.35
0.40
156
GU
6.4
2440
$44n
249b
270
270
teady
$8
IK Borks
108
107
110
114
113
510
Talkoo Dorks
C4
04
UN
0946
7
+24
32.80
4
Pravileni
21.80
29.20
23.20
23.80
+60
31.20
HK Hotels
420
42
4314
431%
Tic
32.75
6.3
HK Lands
CU
60%
71
70
$2.40
1,90
1.00
1.90
2.02A
1.95
-7.50
13.750
7214
32
3312
3241
--750
$2.05
173.
176
180*+
103
103b
105
187 11
183
--
$9.50
113
ተ።
$8.50
7.7
24.00
24.90
25
28.10
26.60
-1.50
$1,10
29.10
20.10
29.10
314
3014
-1.25
51.70
36
3614
37
38
3731
$1.75
561
57
63
0416
02
-214
54.
324
3314
33
21
34
steady
$1.85
31
12
33
383-
3 b
----194
$1.50
41
41
41
4415
44
m-500
$2.75
8,85
914b
9.85
10.70
10.80
+10c
750
5,00
0.100
034
8.10
8.40
+39c
14%
14.90
15.00%
15.40
15.60R
+200
00c
8,95 15
9.64
9.65
0.05
8.03
300
16.20
16.00
10.40
15.60
-80c
$1.10
Electrics
Star Ferry,
Yaumatik
Ch Light
HK Telephone
G. L. Cement
Dalry Farm
A. S. Watson
Lane, Crawford
Int Investment.
Allied
IK FE inv
Texile Corp
Nanyang
LONDON STOCKS EASE
London, Dec. 8.
British Motor Dry-14 1011⁄2d.
Costs 13. & P.) Ordmüür 479el,
Coltauld Orts
De Rue, and
મ
►
Stocks found little to cheer about in the bank rate cut to 5 per cent and
most sections of the list closed with small losses. Steels annged a few fans, Lack of interest in the golds along with Tobaccos but Mators, Electricals. Properties Stores last ground, Ford tucked on a modest gain.
Guverngent bonds received
the i support from bank rate eut although sonie 1
irmed.
no general
abort-dated issues Greeks were dull in the foreign Dollar stocks showed suction. abroad scattering of phis stgos the Wol in sympathy Street advance.
with
Exchange rates
"he local nrket this morning at
Business was done in Mapmetal
The following! ratęsimi US. dollar (per $11
Sterling desesper E\..............
14.5
Apitalin notes (per 41).
12.02
Indonesian Rupiah tree 100
41.00
Blain tirala (per 107)
26,10
Cingapore (Straite
J81
brought a rash of small hisses here while coppers and tins also were neglected. Oils were dull. -UPL
Closing prices
British fevernment Securities
20 €59-3/10:
3. Bavingu 1935-65-£DO. 3. Savings 1000/70-270-9:10. Savin 1965/75--71-3/10.
Elanks & Insurance
Barclays Ord-03 3,
Chartered Buik-464 9d. Blangkong Rank-£73. tluyds Bank-704 6d, Lunard Banking Ord-159. Unka Insurance -LT
Oil Burnud 0-37% (d. Royal Dutch-12-3/10.
Steris Engineering Babcock & Werx Ord-324 d. Uued Steel--70,
Vickers Die-27s kl
Industriale
Indtasteles-2. Assertiond Cement-446, Tas das Marden Oia-44 40.
Assoc.
Dunlop Rubber Ord--Ain.
Elec. Mus.
Ford Motor. Ostries #2 tk.
Gilman (Holdings) Ord-24 10:44.. Great Universal Ord-474. Marka & Spencer
**Ord-2)
Redifusion Ord-34$ $4. 1-loyee-44 $150. Standard-Triumph-10; 1954. Unilever Ord-10 Woolworth Ord-04 8.
Mines
Petaling Tin-1 35.
"Miscellaneous Bowmaker Ord-22 d.
Canadian Pacific Ord-$30!2.
Chloe Ga15e. iña Det. Ord-21% pa. P. O. Steam Nov. 4+0.
De-369
-Reuter,
Unit trust
Flirt Hongkong Fund, Buyer Price: $1.06. Seller Price: $1.13.
THE UNION OF
SOUTH AFRICA
PROM
SOUTH
AFRICA
4,6
1383382789389dredde
U.S. INVESTMENT QUOTATIONS
The following are U.S. Invest- ments as in American dollars Buyers' prices Include commis- sion:
Affiliated Fund Am Bus Sirs
Alom Dev Mut
Axe Hought D Bullock Fund
Canada Gen Fund .. Canadian Fa
SEMBLERS. Growth
Fund
Commith Stock Dividend Sh Dreyfus Fund
Sellere Buyers 7.07 7.00 4.07 4.34
8.04
8.74
11.03 13.10
13.00 14.12
U.S. decision has some effect
The local stock market
declined
this
'week after registering gains for
several weeks running.
A small general decline was $8.40; and Hongkong and Far caused by the decision. to stop East Investments gained 20 cents
receiving American al $15.00, Countries alt from using such funds purchase goods in Hongkong, but the effect was particularly felt in the Cottons,
to
Market diary
was
Wall Street shows small gains
New York, Dec. 8.
The stock market started out cautiously to- day, picked up around mid-morning and then proceeded to drift off until a mild recovery set in near the close.
HONGKONG STOCK
EXCHANGE
Our Own Correspondent-
to
Industrial The Dow Jones average settled for a minor gain, mostly due to International Paper, Swift, and Anaconda all of which rose well over a point, The big cyclical stocks -cooled off considerably from yester. day's strong upsurge while the best performing groups this time Included the meat-packers, busi- vest machlors and a few elec. tonics. Business equipment stocks did well with 1BM gain- ing a wide 10% points and Olivetti-controlled
up 2%.
Today's volume wa shares.
Underwood
3,540,000
Business dene ut the Hongkong
Of a total 1,237 shares inded Stock Exchange this morning
approximately 548 were higher and 453 lower. amounted
Noon quotations American exchange volume was $2,780,000. and the morning's transactions: 1,340,000 shares.
Buyers Heliers
Bonda volume $5,810,000,
This
another Friday: astounding day's business on the Stock Exchange which open-K Bank. 1413 1420 ed the pressure throughout, China Lights again needed no assistance ta outsido luminary
they "dozzie" und, although
maintained | Lombard ex-dividend went yesterday's price, obviously on the hopes that government will
Dow-Jones closing averagos:
Bales
10 1425
amounted to
40 % 1420
30 1429
10120
30 Industrinly
005;17
1 F 142A
20 MS
381429
129.74
50 ++
1425
15 Uitles
90.45
65 Stocks
200.08
Wharf Co, Wheelerk
204
210 0.43 0 18000
40 Bonds
DAS
04,19
9.43
Comm. future
HK Dock.
133 314
Providont 23.80 23.93 1000 24
3005
700
113
price Intex
142.20
300 114
23.00
GBO 23.50
IK :tel
.41% 4215 1903
0015
3000
6915
1000
81%
12 100 112
100
Benus 105 107
RU
560 x 103 00 200
had been Textiles, which steadily climbing in past weeks, went down to $8.95 yesterday afternoon, compared with the clesing price of $9.65 the previ- OUS week.
Nanyangs declined to $16.60, which is 80 cents belay the price for last week,
Both China Lights and Eler-accept the scheme proposed by Of thu trics receded following the the companies. One government denying rumours features in the darly stages was that it had accepted the two the number of buyers of Taikao which were not an companies' proposals and stating for shares
sale. However, sellers appeared | that it had not yet come to p
later at enhanced prices and to accept or decision whether
their offerings were snapped up. Land rejeel those proposals,
Yaumat... Banks rose to $1,425 but eased Lighis closed at $26.60 com-
a little before the close, Lands pared with $28,10 last week.
Cements also registered Electrics declined by $1.26 at $304. སྱཱ*v
closed with a turnover of C. Light XD 28.10 2.39 3500 day Cements, Telephones, Lands about 50 million.
and useful galns and this exciting Tram
and Realties were among others Monday: The market was to decline. In the case of Real-again buoyant, but a little mix-
ties, big business 10.02
15.53 10.01 10.04 10.67 15.32 10.54
2.87
11.34
3.15
14.60 13.03
Eaton &. Stock
10.93
11.70
Electronics Inv
1.13
1.70
Founders Mut Fund
10.33
11.25
Ham Fd HC-7
4,60
3.34
Instit Found
10.10
11.13
Instit Growth
10.18
11.13
tatt Income
4.00 6.52
Invest Tr Boston
1090 11.93
Keystone Cust Br
21.11
23.04
Keystone Canada
13.74
14.07
MARN inv. T
12.25
13.00
Mane Grewit
14.34 15.50
Nat See Ser Growth
8.31
9.12
Scudder St & Ci
12.74
37.74
Telev E Fd...
7.40
0.07
Value Lac Fund
6,30
V. I. P...
10.30
11.13
Wellington Fund
was done in
ed. Some uncertainty in some
at
sections was offset by useful
galns in others. Dominant K Eles. features were the continued rise
spite of the drop as 76,000 shares changed hards yesterday prices of $1,05 and $1,925
of
On the brighter side, Banks.in Banks, Talkoos, and. Docks BK Tel.... Allied Investments and Provi- dents continued to rise.
Ranks, following recent pat- lora, gained another $25 this week, closing of $1,240,
re-
The volume of business mained good, the approximate lurnover for the week (last Fri- day to yesterday) amounted to with $31 million, compared $32,730,000 the previous ayeek.
Comparative closing fures Pelow the following"
Insurance: Lombards remained steady at $43: Unions stayed steady at $124.
Banks: Hongkong Banks rose by $25 at $1,420.
Utilities: Trams tost 75 cents at $324; Star Ferries went down by $4 at $183; Yaumails dropped by $2 at $113, Lights lost $1.50 at $26.60; Electries de- clined by $1.25 at $304; Tele- phones lost $1 at $37%.
Shipping: Wheelocks declined by 15 cents at $9.40:
Docks, Wharves and Gedowns: Wharves remained sleady at $270; Docks los $1 at $113; Tai- koo Docks goined $2 at $72: Providents gained 69 cents at $23.80.
Hotels Lands and Buildings: Hotels dropped by 75 cents at $42: Lands lost $1 at $70; Real- Les declined by 7.5 cents at $1.95;
Industrials: Cements declined by $2 at $82.
200
200
3000
500 k 20.20
225 230
5:00
30 1000
30
100
30
373% 30% 10000
371
500
72
300
38
Ria, 20.00
100 20,30
2400 20.00
375 20.82
Dairy
Cement ... 01 £2
..... 33%
1000 in t
500 02
34
200 34
t
200 34
3000 3334
Watson Alked
JA
Inv.
F.36
3.00
0.40 1000 + 0,40
D
2000 8.35 1000
1000 8.05 13250 or #D.
500 3412
15.40.15.80 7000 e 15.50
and a callous reappraisal the situation with regard to the Electric Companies' proposals to Investors Allied government. rose to $8.50 and remained stendy. The approximate turn- over was $7 million,
market was Tuesday: The generally very active but failed to establish a defalte trend. Prices were a fraction casier which is not surprising consider-Textile
repent ing
advances. Pro- vidents attracted attention with- in very narrow margins, white Nanyang Wheelocks and Lands changed hands in quanlity at slightly lower prices than yesterday. The Amal. market closed strong with
turnover of approximate $5.600,000.
Wednesday:This-half-day's-ulkor Dock 7217 trading followed yesterday'a pat-
tern. "Trading was brisk and HK GAN
within Metal Indust narrow limits. Banks WETC slightly casier as also were the Rubber and Textile sections. Taikoos were strong and China Lights were slightly wealtor. The approximate turnover was $4,200,000.
movement was
varied
כם
Thursday: The market receded a fraction on balance due to some profit taking which was towards the close. checked Trading was active and
rove- ments were small. Banks cared a little but recovered to $1.420. while Talkoos were "dented" in the middle of the day only to come back during the afternon at a steady $72. Wheelocks were steady but a little quiet and Docks lost a little ground on
national Investmenia were Investments: International steady, the former being in good Investments gained 10 cents at demand. The approximate turn- $10.80; Alled gained 30 cents at over was $3,200,000.
Slores: Dairy Farms stayed steady at $34; Watsons dropped by $1.75 al $37; Lane Crawfords lost 50 cents at $41.
Cottons: Textiles lost 70 cents
EXPORTS TO THE VALUE OF £700,000,000 _U.S. $2,000,000,000 M $6,000,000,000 H.K. $11,000,000,000 a $8.95; Nanyungs declined by good turnover. Allied and Inter-
80 cents at $15.80, YEARLY!
And Is An Excellent Supplier Of Your Requirements Including :-
FOOD INDUSTRIES
Canned Fish & Abalone Canned Fruit, Yegolubles
and Jams
Fruit Juices & Squashes Wines, Spirits & Malt
Dried Fruit & Vegetables Edible Oils & Peanut Butter
Jreakfast Cereals
Biscuits & Confectionery Malze, Grain & Eggs
Asimal Feedstuffs & Yearts
Fish & Vitamin Oils
CHEMICAL
INDUSTRIES
Industrial Chemicals Adhesives & Glues Glucose & Starckes Insecticidas, Dips. Sprays. Weedkillers & Disinfectants Pharmaceuticals & Drugs Methylated Spirits &
Alcohol. Solvents for Industry Wax & Tor
Corbide *Tensing Extracts
Explosives & Fuses
CUT OUT THIS COUPON AND SEND TO
BUILDING MATERIALS Hard & Soft cards Steel Windows Strel Furniture Office Equipment & Sofer Asbestos-Cement Products
MINERALS & ORES! All Minerals & Ores Asbestos & Gypsum Refractory Materials
AND MANY OTHERS!
The Senler Trade Commissioners fog the Uplan of South Africa in Bast Asia.
1st Floor, KPM-Epilding,, Robinson Road, Singapore...
Plodse send me lhe names and addräsken'
of South African Exporters alim
The name and address of my firm is as follows
ADDRESS
NAM
CALL 59195
FOR GENUINE DRYCLEANING
COLLECTION and DELIVERY SERVICE
THE STEAM LAUNDRY CO.
No. 1, Kwong Wa Street, Kowloon.
JUST ARRIVED
A CHOICE SELECTION OF
SWISS CLOCKS BY IMHOF
THE IDEAL X'MAS GIFT
Also, Watches of Distinctions
At Varying Prices at:-
SWISS WATCH SERVICE LTD.
1123
ALEXANDRA HOUSE: Entrance Ice. House Street.
2
Rub,
5.00 5.03
7,40
15.00 14
Int. Invest 10.70 Climan
Vibro...
20 2.52
བ་
Underwriters 11.30 Humphreys itenity..... 1.025 Binr Ferry Maena Eleč, 12.40 Linie, Cruw.
10%
1500
15%
1000 @ 15.40
104 13 7000 4.65
1000 e 8.4 5000 se 5.60 11000
-200-43-72-
403 e 7115 800 715 1840 10
3000 ir 1.45 1600 je 19.80 3000 en 241⁄2 2000 or 2.623 1000 30
Rubber
market
review
.
Singapore, Dec. 8.
Overseas advices were better
and prices were marked up at the opening and advanced further in active trading.
At higher levels proft ak- ing pared gains.
Interest in lower shetis was United
and bul December Javary one Rsa were traded at even money.
The
was afternicon
VCTV brisk with interent centered on ron con December which Fourth premium to January.
Lowery in selective demand. In New York, rex rubber fu- turca today closed unchlinged to three points higher on saler of 24 contracts
with
dull
Futures finished little price change today, despite considerable price improvements a-primary centres. Dealer and manufacturer interest in physical rubber shrank and offerings were scarce. The current month for No. 1 Rss was quoted at 20% cents.
In London, the rubber market was steady with spot quoted at 2014. No. 1 Rss spot 25%, 25%. In Amsterdam, rubber market very quiet today--UPI.
MOREandMORE
PEOPLE ARE OPENING
5%
BANK
DEPOSIT ACCOUNTS
with
LOMBARD BANKING
SAFETY NO City Dan
INTERESTED 27 - Daily E
SECURITY-Bank's Capital and ASSETS EXCEED £100,000,000
Entress paid without detection of Valted Kingdont
Write today in my Ranirul Mannaše Nát your stay
LOMBARD BANKING