WEEKLY
THE CHINA MAIL, FRIDAY, DECEMBER 30, 1960.
REPORT ON THE HONGKONG STOCK
EXCHANGE
STOCKS CLOSE FIRM
* The
IK Dank Lombard Union
Wheelock
IK Whart HK. Docks Talkoo Docks
HK Hotels
Provident
share
slesdy"
+
Yield (%)
market at
a glance ★
Dec. 1
Dec. 8
Dec. 15
1396
1420
3413
Dec. 22
1448
Dec. 29
Up or Down
1445
Dividend
Bonus
348
3.3
+3
4%
421
42
4214
+230
4.0
124
124
12in
124n
124
steady
9.56
0.10
9.35
0.55
9.05
+10c
$940 000
28
0.4
270
270
200
268.
2144
40
28
2.9
114
113
114
115
110
night
$10
8.0
091%
12
70
71
72%
+234
$2.80
9.0
23.20
23.80
23.10
23.70
24.10
+400
31.20
0
4842
4214
414
413%
4114
-26c
32.75
HK Landa
71
70
73
733
-7834
+2
$2.40
IIK Krally
2.025
1.05
1.325
1.90
+2.00
13.750
0.8
1 Егалія
33%
3241
13
3314
2334
+25
$2.05
0.5
Star Ferry
187
183
185%
184
1826
$9.50
111
113
113
117
118
+1
$8.50
7.1
Ch Light
28.10
26.00
20.20
2014
26.80
+30c
$1.10
4.1
3134
306
29.40
2844
20.10
+20,
$1.70
6.0
381
3731
28
3814
3814
+250
31.75
4.0
64%
de
62
€3
1436
+134
0.2
24
34
324
3314
324
-500
$1.85
8.7
38.
376
37b
3934
3914
steady
$1.50
4014
44
41
450
4215
-500
$2.75
Int'l Investment
10.70
10.80
10.70
10.00b
10.70
+100
750
Allied
8.30
8.40
8.30€
8.10
8.15
+50
#1
HI & E Idy
35.40
15.60A
13.20
15.20b
1344
+300
Textile Corp
9.05
8.05
8.20
B
8.10
+100
Nanyang
10.40
15,60
14
13.70
13.00
+.200
800 $110
2.7
Yaumatis
Electrics
HK Telephone
G. I. Cement
Dairy Form
A. 6. Watson
Lane, Crawford
U.S. INVESTMENT
QUOTATIONS
The following are U.S. Invest- iments us in American dollars Byers' prices Include cominia- sion:
Angliated Fund
1.025
World shipbuilding industry hit by lack of orders
-
|
London, Dec. 30. Current shipbuilding problems are international
and no country is booking enough new orders! to meet more than half its annual output,. Colonel T. Eustace Smith, President of the British Shipbuilding Conference, declares to- day.
Sellers Buyers
7.04
Am Bus Shry
4.43
Atem Dev Mus
Axe Hought 11
3.10
6.07
Comads Gen Fund..
Bullock Fund........
12.18
13.37
Canadian Fund
13.00
Canadinis Int. Growth
10.12
Cheralcal Fund
11,00
Commith Block
13.78
17.15
Dividend Sh
2.97
Dreyfus Fund
15.03
Eaton & H. Stock
12.10
Electronion. Ing.
Founders Mul rá.“
10.70
11,73
tani FC-7
3,12
Instit FoundTM
10.44
In an
Instit Growin
10.63
Instit Income
5.00
Invest Tr. Boston
16.22
Keystone Cual (12
21.31
Keystone Canada
13.95
15.09
Mass Inv. Tr.....
13.25
13.11
1024
Scudder S
CI
18 21
1821
Telev E
Value Line Fund
0.20
3.77
31.08 15.01
Mans Growth
Niet me Bar Growth
V.LP
Wellington Furl
end-of-the-year 11,65 view, Colonel Smith
that Britain huis 232stiptruilding industry as
country in the world."
re-
claims good a any
14.2 He adds: "Because we are up against difficulties that does
U.S. flag ships
not mean the rest of the world
As all right.”
UNCERTAIN
Colonel Smith describes the 1801 prospect for British ship- building as "very uncertain." "We enter 1981 still in nego tiation with the shipbuilding on their latest trade unions wages claim, well knowing that any concessions at this time can only add to the difficulties of the situation,
Washington, Dec. 20. Mr Frederick II. Mueller, the U.S. Secretary of Commerce, has appealed to American business- |
"Cests must be Armly held it men to help combat the drain on the gold reserve by using we are to hold our
own," he American flag ships and aircraft | added. for foreign shipments whenever i Although Britain produced the possible.
most valuable output of mer- chant ships in the industry's
500,000 tons gross, Colonel Smith says. Tuls figure includes 60,000 tons from foreign shipowners.- Reuter.
Rubber market
Rox
New York, Dec. 29. rubber futures today closed 15 to 20 points higher with sales of 131 contracts,
Futures were steady to firm toughout the session. A simi- lar trend developed in overseas dealings.
Far East offerings were more süll con- liberal, they were
overpriced for over- siderably
the current month was at 28 cents.
*
New tariff
rates on U.S.
imports of fabrics
Washington, Dec. 29. Proxident Eisenhower issued a proclamation today-put- ting into offect a negotiat- ed new schodulo of tariff ratas on imports of certain woollen and worsted woven fabrics oftor January 1. The
wore negotiations started some months ago. Great Britain, Ireland, Japan natlans and
European supply such goods,
come
The White House sald the new rate will be 38 per cent ad valorem for most fabrics valued at more than $2 a pound, and 70 cents a pound with a maxi- murs of 60 per cent ad valorem for lower priced fabrics.
PRESENT SCHEDULE
Under the present tarift schedule, these imported fabrics are subject both to a specifiz duty and an ad velorem levy,
The specific duty of 37,4 cents pound remains unchanged. The old schedule puts the ad valorem rates at 25 per cent for imports within quota limits and 46 per
cent for those the quota.
蟲
Small gains
and a good
turnover
With one day of trading to go before
New York stocks close irregular,
heavy trading
New York, Dec. 29.
Steels set the pace in another irregular stock
market session today. Trading was heavy,
Year-end tax transactions #gain caused cross current an key stocks showed gains or from fractions to losses geing
about $3.
American Telephone soared
pacing a
stock 2% to another new high of 107, keepies.
the new year, the Hongkong markot closed firm yesterday in ing with the favourable tone of
LONDON
eneral rally
by
and
CLOSES MIXED
Girlines Tobaccos,
higher
trend while chemicals were mostly lower, Cars WIKO mixed.
the market during the whole of this ectrical equipments showed a year. Small gains were registered yesterday in most sections and the turnover of about $5 million is good for this time of the year.
this 題
The Total turnover for yeer is about 5870 million, gain of about 142 per cent com- pared with last year's tutul turnover of about $300 million.
Steckbrokera
that sald
the much improved market this year showert Hongkong's con- fidence in the world polliicat situation.
The rumblings over the c- shore falanda had comparatively Ittle effect on the local market.
On the other hand, adverse conditions in South East Asian countries spurred the flow of capital into Hongkong.
Comparative closing Azures show the following:
Banks: Hongkong Banks re- mained steady at $1.445.
Insurance: Lombards gained 25 cents at $4244; Unions were steady at $124 (nominal).
Utilities Trams gained rents at $334; Star Ferries lost $2 at $182 (buyers): Yaumails increased by $1 at $18; China Lights gained 20 cents at $26.80; Electrics gained 20 cents ut $29.70; Telephones moved up by 25 cents at $384.
Shipping Wheelocks gained 10 cents at $9.85.
HONGKONG
STOCK EXCHANGE
Our Own Correspondent?
amounted
ap-
Business done at the Hortg→
Stoele kong
Market thla
10 morning
$5,240,000. Noon proximately quotations and the morning's transactions:
E Asia....
Lonbard
100 270
Shares Buyers Sellers Balca 25K Bank
.. 144 1453
120 1440
RO 1445
75 Gr 1450
40
3455
210
1450
601
1450
20 1150
London Reg. Cra1⁄4 Vibro
200
こられ
100 270
28.20
0.10
9.73
2000 a 9.70
9000 & 9.70
1800 931
4000 B
2000 900
4000
03
117
110
400 10
1200 110
2000 110
400 120
200 110
Docks, Wharves and Godowns, Hongkong Wharves Increased by 40
Wharf Co., Waterboat Wheelock
at $274 (sellers); Docks ained $1 at $110; Taikoo Docks went un by $115 at 7215; Pro- vidents gained 40 cents at $24.10.
fotels, Lands and Buildings HK Dock - Hongkong Hotels Lost 25 cents at $414; Lands Increased by $2 at $75 Realties gained" 25 cents at 1,925,
Todustrials: Cements gained ($115 at $0415.
Stores: Dairy Farms lost 50 stayed cents at $32%; Watsons steady at $30% (buyers); Lane Crawfords lost $424.
[00
Provident
24.10 24.30
300 118
130 24.10 2282 or 24.30 1090024.37 500 24.40
24.0
The market was higher from the start, made bigger gains as steels met demand, and finish- ed the day with a rush of dealings accompanied by a lato. ticker tape, with
many stocks below their best,
of 1,271 Irsuce traded, 579 advanced and 427 declined,
New highs for the year totalled 42 and new lows 11.
London, Dec. 29.
Stocks closed with a mixed appearance today as a late rally checked the murkot's gentle decline early in the day.
Steels, rubbers, engineerings and textiles gained some ground while shipping shoes, breweries, aver-tens, aircrafts and movie stocks were dull, Tobnecas lost tiny fractions.
The Associated Press age at 60 stocks rore 70.10 220.00 with the industrials unchanged, rails up 50 and utiles up 90 to a new high for the year.
Volumo was 4.34 million shares compared with 3.82 mil- llon yesterday,--AP.
New subsidiary
Richmond, Va., Dec. 20.
Robert Shaw-Fulton Tho Controls Comparty has formed
in now subsiellary to manufac- ture automatic controls L
Japan, the company announced here today.
The new subsidiary, to be known as Robertshaw Orient Linted, is the result of an between Robert agreement Shaw-Fulton, a leading U.S. manufacturer of control devices, and
of prominent Group Japaniore interests, among them Toyo Menka Kolsha Limited, one of the largest Japanese Arading comparues,
It
Tatsuo Ninayang `of Tokyo, formerly sales agent foo Robert- shaw products in Japan, will also be associated in the new Mail undertaking. - China Spectul,
Unit trust
HC Intel
HK Land..
41744
4122
400 70X
First Hongkong Fund:
200
Buyer Price
$1.07
1400
Soller Price
$1.14
7015
1000 331
700 or 34
cents at
Cotions: Textiles gained 10 $8.10; Nanyangs gained cents 120 cents at $13.00. outside Investments: International In- vestments gained 10 cents at $10.70; Allied gained five cents
$8.15; HEFE Investments Yawnati gained 30 cents at $15.
at
Market diary
The White House said the pre- sent sliding-scale reliedule re- scas markels. No so for sulted in an average levy of 45 quoted per cent on all imparts in 1950. Based on 1959 trade figures, the
Friday: For the day before mean new rates would
the holiday, trading was parti- of 40
per cent
oncularly brisk which showed fabrles worth more than $2 a that yesterday's selling was for rubber | pound' and more than 37 per "holiday" money. No particular
were price changes
marked. Lands recovered a little at sea-
Mr Mueller said in letters to history in 1900, it was an un- the because enncerned satisfactory gear 1,000 businessmen
was largely the with foreign trade that unly 10 high output
of orders placed threo In London, the rubber market per cent of the nation's exports result
was steady with spot quoted at avenge years ago. and imporis were carried in
To the end of November now | 25-9/16 pence. American vessṭis-China Mail orders, in the face of flerce Special.
the In Amsterdam,
overseas competition, exceeded market was steady today,UPI. cent for cheaper fobrics-UPÍ.
That beautiful car
110
190
129 001
1100 e 120
100112
+
Полия
212
100 or 113
100 113
10 Trom
219
34 000 # 33!1⁄2
Nanyanub Amal.
13.70
800
2000
200
2000
1200
2000 47.20
1100 of
30
300329 VO 1960 AN 1000 30
120 50
terday's losses and Cements re- Ch. Light. 27.10 27.30 gistered small gains. The un-
dertone was strong and turn-
was approximately Electric $4,000,000.00. Dividend
&
2000 L 5.05 2000 8.05
9000 * 1.70
1000 7.10
1000 7.10
600 CA 73
Golds found early support bul
the movement petered out by the final bell. Coppers stayed dull Oils were mixed.
Government bonda steadied. Foreign bonds were neglected. Dollar stocks showed Batall gains-UPI.
Closing prices
1. Consolidated--€43-15/18. 31. Conversion 59, B, Savings 1995/65-£90. 29 Savinice 1960/70-£18-7/16. 1835/75-£71-7/10. 3.
Banks & Insurances Barclaya Ord-070. Chartered Bank—47# 3d, Hongkong Bank-£729%. Lloyds Bank—70% Pd. Lombard Banking Ord-17 ch Union Insurance- £77-
Oil Burmalı OU—38x Royal Dutcta==£11.4%,
Steels Engineerine Babcock & Wilcox Ord-221 11⁄21⁄2d. United Steel-74. Vickers Ord-284.235d. Industriais Anse. Elee, Industries-39% 9. Assoc. Portland Cement-09_201jd. Boardman Marden Ord—a på. " Britlalt Motor Ord--14 Coats 13.4 P'), Ordmäệu Det.
Could, Ord-12 d.
.
Rue Onisa lisd.. Dunlop Rubber Ord-211 101. Bies, & Blus. Industries-431 34. Ford Moter Ord---1428 86. Gliman Holdings! Ord-34. Great Univerași Ord.--606. Hawker Biddrley Ord-200 750.
"A" Ord-$74.
Marks & SP37 10.
Redifusion
Rolls-Royce43) 4358. Standard-Triumpli-or 1011⁄2d; Untever Ort-1465 ed. Woolworth Ord-60s U
Mines
De Beer Def~~1864 31. Petaling Tin- od
Miscellaneou
Bowinaker Ords, Canadian Pacific Ord-30%. Hongkong & China Gas-15.
•Indo-Chinn Def. OrdZA. P. & O. Steam 44.
Nav
Det.-41
-Truter-
quiet
43° at sports car speeds.
anda
long distance rus.
get up to 40 mpg.
In all, I found the Volvo to be about the best value of any Car I have yet tested. It would.
Its hill climbing ability is exceptional and the gears warrain obviously designed with bilir | fumpti. conditions in mms. Third gear mpg and un a ton is all one needs to climb the avy metal Peak, apart from changes into
2nd at the hairpin bands. its strength On some strop pinches along -enclosing, Peak roads 2nd gear showod eats the ita versatility and power when
bo the cheapest sports unidos y has from rolling speed it could pick
car of its capseity without gra to 40 mph
of the luxury štúngs included. oofed up and accelerate
It 19 short distance. that
as standard equipment. Kuszy, stable at
Cha to drive and save. road'| brakeenammidt and fade wild ond
W
Showroom, Sales & Service EKMAN MOTORS
141, King's Road Hongkong
Showroom open daily including: Saturday until 8 p.m., Sunday until 6 p.m.
VOLVO
from Sweden
over
Bonus Announcements dar- ing the week: Amoy Canning Telephone 2nd Interim year 1900 50c pet sliare.
30% 3912
Wedesday: The noticeable festure of today's strong mar-
the large number, c.1 Cement 65
kel
was
of buyers and the absence of Had it been otherwise, sellers. the volume might early, haye been doubled. The sellers who did appear would rot concedo a point from tip top prices and barguim which were concluded were at enhanced prices. Lands again were in demand follow. ing the official announcement of the Hotel plans. Utilities were active 'nhd Gilmans gain- ed a traction Turnover was over $3,000,000.00,
Thursday: The market main- tained the same firm tone of recent weeks. The number of bargains was high but quan- |titlog were
ices a úttle usual.
Buycza etili
than
pre-
| dominated with reluctant sel- lers resulting in further small Tum- gains on a wilde front.
over
was
$5,000,000.00.
approximately
Exchange rates
1
New
000118 180116 100 à 119 420 de 139 100 120
1000 ar 38* 2015 30 1800 30%
400
sa 301.
1000393%
100 60 3935
500 3712
60 1200 63.
Watson Allfell Inv. Textile.....
Rub. Truxi 7,05
500 of 33
1000 4000 1 1000
14000
4000 5
1000 B 1000
5.30 1000
13.70
B85
Talkoo Deck 73 1316 400 73
1900 61 736 Humphrey 45.00 26 300 25.50 Realty ... 1.915 195 5000 1.05
1003 L 1.975
New York
cotton
New York, Dec. 29.
Cotton futures edged down-
word in continued
dealings today,
At the close the list ruled four
to 10 points lower, Opening this
IK Gas... 18.30 10.40 1000 14.30 morning two points lower to un- 400 13.40 changed. New Orleans futures 2310 12 Anished Ave to 10 points lower. 3000 * 19.40 1 215 2.325 2000 2.823 Underwriters 1112
Cilman
ΣΕΚ Ε ΓΕ
Invest
Inul Day, 2. 10.10
11
2700
60
Star Ferry
Dalry
Form
33 23
1000 P
15.30 13.90
1:2.00
187
Lane, Craw,
Yesterday's Closing
Macro Elee
Some selling by the trade developed in nearby positions
a result of the increase in the certificated stock to 25,098 bale's at of December 28 with an addi- itional 9,340 bales awaiting certi
fication-UPI,
COMMODITY PRICES
FOREIGN EXCHANGE
LONDON Closing rates:
New York
Montreal
Amsterdam
Brumela
Copenhagen Frankfurt
Lubon
ملون
28011-2.0012 2.2015 -2.7934 10861-10.4 139335=130.31
10.33-18.36 11.00-14.00%
DO.20-80.30
Dualnom vas done in the local uncficial exchange market this morning at the following rates:
U.S. dollar (per (1)
20.0235-30.023%
Paris
Sterling nožem iper £1). Australian notes (per Ét)) Indonesian rupiah (per 100) Blah teal (per 100) Bingapore leuita)
tookhoun Milan Vienna Zurich
1973-11,75k 1631-14.0018
176036-174032
10.011-12.0145
12.03
2.70 3.10 1,03
Agreed merchant
rates
METALS
-LONDON
Closing prices, all in starting
Canadian 3 Maximum Selling per long lon: 17-11/82, Minimum Buying, 179) To
10/82, T/T; 1751/2, 6/5.
Buyer Sellers
信
3-month Copper
Spot
3 month
・Lord and tif"
Dec.
3-month
Zine 2nd half
Пес.
3-month
78611
COTTON
NEW YORK
Closing prices all in cents per 1b.:
Epol: 32.35; Mar: 2.15; May: 2241: Judy: Oct: 13.53: Dec: 33.63; Dear: 13711) May: 39.00: July: 53.00.
NEW ORLEANS
July 24.10; Oct: 2420; Deo: 04.25.
RUBBER
Rex
NEW YORK rubber futures
closing prices, all in cents per lb.:
Jan: 20.75; Alat: 20.93; May: 20.10: July: 20.30; Sept: 29.05 Nav: 20.20.
LONDON
Closing prices all in pence per
No. 1 s spot
1b:
20-9/10
Baitement house term:
Jan/Mar:
Apt/Jun
July/Sept.
Nov/Dec.
Jan/Feb.
Jan,
Extato crepe trun Jan,
Closing prices all in cents per } = Akherai märkais, cit. baus, partir
ib.:
put: 20.00; Mar; 2210; May: 22.57; Mar. July: : Oct 33.10.
LIVERPOOL,
Closing prices all in pence per
· American Continet
Deo: 12.79 Mar: MM; May: £2.1);
July: 21.00 Out: 2248) Deo? 23.03.
[Mixed Cpoirsek
Deo: kày. MAY: HAU; MKY: 2943;
thick dan... AMSTERDAM
15:204%
Closing prices all in guilders
per kilogram, c.l.f. Janz
Ko, 1 rubber
No. 4 rubber
tyo. 2 Hibber.
'crepe
2.10.yel