THE CHINA MAIL, FRIDAY, JANUARY 27, 1961.
WEEKLY REPORT ON THE HONGKONG STOCK
EXCHANGE.
HONGKONG STOCK
LONDON
CLOSES MIXED
BANKS TAKE LIMELIGHT EXCHANGE
* The
NK Bank
Lombard
Wheelock IK Wharf
share market
Jan. 26
glance ✰
ad
a
Up or
Dividend
Dec. 29
Jan. 6
Jus. 12
1445
1435
1455
Jan. 10. 1460
Down
& Bontia
Yield(%)
1040
+380
BEO
3.3
4214
41
404
4114h
420
+750
$2
4.8
9.03
9.55
10.10
10,00
11
+100
600
5.5
2741
206
*72
2701
278
+"
2.9
HK Docks
116
115
110
124
124
steady
B10
Taikoo Docks
7214
70
2314
75
7314
-134
32,80
3.7
Provident
24.10
23.00
24.30
24.60
20
+1.40
31.20
4.0
IIK 1otels
41
41b
4134
4114
42!
+750
$2.75
6.5
IIK Lands
731
75
2014
76
8014
4214
$2,40
3
1.925
1.00
1.90
1.00
1.025
+2.50
13,700
0.5
334
3314
3314
344
34
-+-200
32.05
6.3
1826
182b
195
200
224
+18
$1.50
442
118
117
120
326
122
---4
58.50
Ch Light
26.80
26.60
27.60
30
301
при поку
$1,10
3.6
Electrics
20.70
29.70
3014
324
3114
-1
$1.70
3.4
HK Telephone
3814
3031
4034
414
+-112
€1.75
4.4
G. I. Cement
641%
65
ER
6812
OF
---500
54
5.8
Dairy Farm
པུཎྜ;
3131
3214
33
3279
-30c
$1.85
5.
3916
3914
3044b
4014
41
+756
$1.50
3,9
Lane, Crawford
4214
42348
4214
4221
43b
+250
$2.75
G.7
Int'l Investment
10.70
11
11.40
11.70
12.30
+ ជួe
750
0.1
Allied
8.15
7.801,
8.201
8.34
8.00
+350
$1
11.2
HK & FE Inv
1516
15.00
15.30b
10.20
10.40
+20€
00c
5.6
Textile Corp
8.10
714
7.85
7.55
7.45
-10c
800
10.0
13.90
13.00
13.00
13.10
12.40
-70a
HK Really
HK Tran
Star Ferry
Yaumatis
A. 5. Watson
Nanyang
IMPORTS,
EXPORTS Wall
OF BRITISH TEXTILES RISE
London, Jan. 26.
The value of. Britain's textile exports rose by 5 per cent in 1960, following declines in the two previous years, but still short of 1957's total, Imports of textiles grow at a faster pace, with grey cotton cloth leading, the Board of Trade reported today.
Total cotton yarn and fabrles Total exports were worth! £302 million AISLEA were £14 imports jumped 53 per cent to a 37 £67.4 on following million wo on 1959. Better for eign
miscellaneous per cent rise the previous year. sales of textiles, particularly enrpets,
Imports of other textile manu- for more than half! Recounted
factures jumped 27 per cent in the improvement,
Wool yarns and fabrics rose 1000 to £68.4 million.-UPI.
and overseas by 4 per cent sales of wooltops were 2 cent better. Exports of colton rent fabrics dipped by 3 peT and were worth £44 million and but cotton yarn pounds ibread shipments Jumped 7 per cent. 959 both fabric and yarn exports were down 11 and
Exports of
were 12
180 thirs
per cent
INT
13 per vent respectively.
man-made bres greater in the previous year.
of man-natle and fabrics, however. were only B per cent higher on the year.
Foreign sales
yorus
IMPORTS
Rubber
market
ex
Singapore, Jan. 26, Advices were much as
pected and prices opened unchanged with some fair enquiry.
At that
level shortcovering predominated despite Singapore'
tons) Imports of textile manufae-stock figures (up 11,000 tares in 1980 Increased by 30 and continued throughout the per cent, or by £38 million over session.
Quiet conditions 1959.
In the
trading prevailed
SL10
B.8
Street
rises to
near record
New York, Jan. 26.
a
The stock market advanced to within
few cents of its historic high set two and one-half years ago in very active trading today. It was the market's seventh consecutive rise.
The market was lower and Geners Electric
General Foods active at the opening, it sold oft
General Molora Goodyear Tyre rather sharply around noon, but
Int'l Business Machines made slow recovery in after-
Int'l Jiarvester noon trading, going ahead of
International Nicke the previous close in the final inti Tel & Tei half hour.
Most gains ranged from a few cents to around one dollar a shure.
Standard and Poor's 500 stock П modest ainu index gained
The rise put ceals at $60.62, the index just nine cents below its historic high of $00.71 set On August 3, 1959.
"big three" The utilitics, a car producer, some steels and a number of selected issues push cd higher in the final minutes Nonferrous metais, ol trading.
missiles through the mixed.
aircraft final quarter of the year, the Board of Trade raid, afternoon. Some buying Interest declined as international tensions
grades hold any appeared to be easing. the increase was lees marked in lower
Inte and
Volume tendency to decline
tolalled 4.110,000 but was still substantial."
Collon grey cloth imports buying from the trade steadied shores making it the 13th four million plus day In the 10 staged the biggest climb, at the close,
trading days so far this year. moving up from £25 million
compared with 4,470,000 It shares traded yesterday.
to £37
million, but
were also
with little petroleunts and tlrups werd
in London, the rubber market there was steady with spot quoted at
in 21 pente. big increases
market the In Amsterdam. made-up yarus, fabrics and
was stendy today-UP!.
textiles.
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in 1961!
Met the Darke selected int
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SERVICE AFFILIATE OF BACHE & CO.
700 SHELL HOUSE Founded 1979
TEL. 28282 ADDRESS REPLIES TO: P.G. DOX 14230
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Name...
Addres.................
Telephone.....
M
HONG KONG
The
MOST ACTIVE
Most active wac Sperry Rand, down % u1-207% on 130,200 shares. Standard Oil (New Jersey) was second, up at 44% on C0,000 shares. Third was American Telephont, up 3% at 113 on 53,000 chnres.
Next caine Ampex, of 1⁄4 at..
| 21, and Gencial Motors, up 11⁄2
at 42Th
Bell & Howell rose 1% brisk dealings. Loew's, up 1%. Curtiss-Wright,
up 1. and Kayser-Roth, up 34, were other Active ainers.
Kenneroit Copper Lockheed Aircraft Loews Incorp...... Lone Star Cement Co. Montgomery Ward National Cash, Res. A Netlwini Lead
New York Central
Oh Elevaturs... Pacific Gas & Elec.
Pan American Airways Paramount Pictures Radio Corporation Republie Steel Reynolds Tobacen Sinclair Oil
Sorony Mobil o Standard Brands Standard Of of Cal Standard Ol of Ind. Standard Oil of N.J Studebaker-Packard Corp.
Swift & Co.
Trian Co.
Union Carbide
Union Pacille Ballway
Unded AlrarAft U.S. Gypsum U.S. Rubber
U.S. Smelting
U.S. Steel... Warner Bros. Westinghouse Electric Woolworth (R. WJ
Excitement in a week of heavy trading
Hongkong Banks took the limelight at Ice House Street this week, setting two records.
Our Own Correspondent
Business done
at the Hon-
kong Stock Exchango
morning
amounted
this
London, Jon, 26,
Stocks word irregular In moderate doolings in tho
exchange
stock ap-
to
proximately
$0,170,000, Noon
quotationa and the morning's transactions:
1074 Погос
243 of 1895
Skates Buyers Sellers
Bales
1070 1600 100 1030
10 - 1000
19 1865
GD u 1865
£ 1870
11 1075
20 or 1979
TIK Bank
Lan. Reg..
1300 1400
1375
100
10
K. E Aala
110
211
Lombard Ine.
wharf
274
112
Taikoo
73 74%
K
Cas
Bank shares made a specia-senston caused some irregularity cular leap to $1,000 on Wednes-In prices and some of the early pre-gains were cancelled, Star Ferries day, a rise of $80 on the
lous day's muximum Agure. It marked appreciable gains and was the biggest single day jump Telephone new shares rose two
points, Wheelocks after a strong wheelock ever corded for Banks,
initial rise closed easier. The o- The big advance came after ternoon trading was on a more Hongkon Bank on Tuesday subdued and stendy note and at understone was night announced a record profit the close the
for 1000, com-strong. The turnover was a near pared with a profit of $29,402,502 record at $10,000,000. for 1959,
$42,190,000
The Bask announced D dividend of 42. 10s, per share, bringing the year's total dividend against a total of to £3, 153.
C3 paid in 1930.
It also proposed to sub-divide each existing share of $125 par value into fivo shares of $26 each.
The other Issue to gain pro- minence in the week was Star Ferry which closed at $222, a jump of $18 over the previous week.
Profit-taking
Wednesday: The declaration of
·
today,
of the
although most highlights wore on higher ground.
dests
A rash of take-over savo some Industrial counters big gains and a few leaders finished firmer, but outside this
circle, prices were mixed.
Steels fell back, textiles werd Irregular but tobaccos, brewer- went up. Oila ies and stures Armed while rubbers and tens
1300 slayed quiet and trendless. 1400
Coppers moved narrowly and ended mostly unchanged while Bold shares gave some ground.
With no change announced in
rate, bank
glit-edged unsettled,
1000 74 17.00 17.70 0500 17,40
1000 or 17.40 the 1000 172securities remained 1000 17.60 many issues eating as much as
2017.00
11.30 11.40 10000 10.00 4 sterling.
123
5000 10.00
2000 11 100013
5000
1000
2000
Grecks tacked on fractions in
A steady foreign bond section 11.10 while dollar stocks edged off in 1120 line with, the Wall Street trend. 11.2-UPI.
24500 11.30
4000 r 11.30
40 of 11.28 noo or 11.3
11.30
700 N 12 430124 300 $23 300 123
25.03
Provident
23.00
16
1000 23.0
2300
25 ZU
2900
2000 # 29.10
2000 23
421
421
22000
4214
2000
42
2500 • 42)
1
4700
Da
123
4003
1753
31 00003013
Ch. Light..
1500 305
18020303
1000 30%
32 2100 311⁄2
1000 of 3124
the Bank dividend and Intention Dork to "plit" the shares had an elec-
Bank trifying influence upon
of the Anares. Prognosticallons "experis"
had recently bren conservative, but this pessimism had not checked the interest in these shares. The release of this well kept secret caused a further IK Hotel. and repld rise of $100 at one
HI Land. stage, and after mild profi tak- ing, they closed at $1,040, There
Yaumati
(New) 123 125 300 were no sellers of the London
33 341 Register marked during the sea- IK Team.. ston. The rest of the market was
30% steady but rather featureless due to the mpotlight focussed on the Banko. Turnover was a neer re- cord for a Wednesday half day 11K Elec. .. at approximately $6,230,000.00.
Thursday: This was another day of heavy trading but with a more selective tendency than of times. Banks, Lands, recent Lights and Electricn most of the attention which movements were irregular tending towards lower prices to Cement wards the end. Banks followed ap- yesterday's patien exactly rising Dairy ......
4o $1,000 and closing at $1,040. Lands and Electrics eased preciably while Lights were or- ratic. At the close there was less than $1 difference between the price of the two Electric Com- panies. Wheelocks followed the Watson general trend and were marked down. Trams and Star Ferries Allied Inv. held their own while Gilmans Textile and Amalgamated Rubbers were Nanyang the only shares to register gains. A. Rubber. Turnover was approximately
There were a number of minus signs In the local stock exchange this week because of poft taking. Most shores closed be- low their best levels reached in week. the early part of the
However, prices remained Arm, Volume of business for the
week under review (Friday to yesterday)
amounted 10 proximately $40,020,000, com- the pared with $32,340,000 previous week.
Tuesday morning's approxi- of $7.7 million mate turnover 42 was a record for any morning.
Wednesday's half-day session 478 turnover of approximately
$0,230,000 und Tdasdy's tum over of approximately $10,890,- 000 were both near records.
The highest daily turnover was registered in May 1980 $7,000,000.00.
02912
0
The approach of the Chinese
4t
2041
UAT
$11,742,000.
12
New Year
プロ
udverse effect
19
677
42L
A
has had very little
on the inarket
this year compared with previous
years, The reason
is that there is an abundance of capital in Hongkong..
There has recently been a huge amount of capital entering Hong- keng from Thailand because of 4 the unsettled Laotien situation.
In the past Thailand has not been a large source of capital inflow into Hongkong, although large amounts of foreign invest. mienta have come periodically
473%
HOP
125
49 cm ether Southeast Asian
10024 countries.
17
דום
2004
531
43
-uri,
Extended rally in industrials
Markot diary
Friday: Utilities again attract-
1000 6432
2000 or 53
100 + 21
1500 32
1500 31 2500 32
4134 424 5000 or 421
200 4214 500 or $2
New
0812
33 33!
attracted KK Tel.... amongst
дра
4016
4
0.90
קוד
1500 B
BOO CO 1000 321
230003245 2000 or 323 3000 433 1000 00 33 350 3 500 G
500 Gr 401
10004019
20041
D 10000 6.95 7.05 12.40 12,50 1000 12.40
5000 0.20
3000 4 714 4000 715 27.20 27 1500 ** 27.40
100 11.40
0.70
6% 1000 & 0.70
7000 + 0.10
R. Trust
7.45
71 2000 714
Humphreys
U.S. INVESTMENT QUOTATIONS
Really
Star
int1
Gilman
300 27.30 8002739 1.00 1.029 4000 * 1.923 Ferry 224 220 200 220 Invest 13.20 13.40 1000 = 13.40
1000 1230
1000
12.40
++
1.00 1.023 20000
2.63
5000
2.025
The following are U.S. Invest-K & FE inv. 10.30 10.00 ments as in American dollars. stacao Elec 15.10 Buyers' prices include comunis- sion;
Amilated Fund Am Bus Shag ... Atom Dev Mut
Canadian Int. Growth 10,45
Eaton & 11. Stock
Electronics Inv.
Sellers Buyers
7.57
4.23 4.07
Axe Rought
...
$.53
Bulleck Fund.......
12.03
Canada Gen Fund
14.22
1337
11.64
Chemien Fond
11.44 12.37
Commith Stock
16.57 17.50
Dividend Shr....
Dreyfun Fund
7.00 15.34
1.17 10.97 12.07 13.54
11.13
12.10
10.23
14.03
ዜግ
10,95
11.00
10.03 11.D
6.30
6.80
21.70
14,50 10.01
£3.65
15.GR
10,00
0,00
7.05
4.05
0,49
700
10,93
11.03
16.25
15.42
ed the main nitention ted by the Electric Companies, which were tranmeted in considerable Founders Mut Ed. volume Di enhanced prices Canadian Fund
1 Hamli M IC-7 while Gas shares passed the $17 int Found mark. Banks reflected the gen- Instit Growth crai trend and rose to $1,400. Instit Inconta The favourities of recent werks Invest Tr Boston
Keystone Cust 12 held steady and
fluctuations Keystone Canada .. London, Jun, 26.
though relatively small were in Mass Inv. Tr.....
Mass Growth Investors Chronicle upward direelien. The only Nat Sec. Ber Growth Market Newsletter says section which moved contrary Scudder St & Cl..
Teley Et Fd. was the London gilts are still fluc- to general trend
Vajue Line Fund.. The work ended V.IP. Chiton tuating
group. narrowly above recent fows. The rally in on a buoyant note on a day's Wellington Fund ...
turnover of approximately $7,- industrials is extended.
The
After agalu reaching an arca 500,000.00.
of nutumn highs, gold shares
Allied Chemical rote 1% paused to consolidate Copperstats during the week: Chineto Peeler & Gamble 1, Kansas are zubdued
200
political m on
Final $30 EX
Dividend & Bonus announec-
Estate, Ltd.
$7,50 per share. On Wall Street, industrials Monday: In Polaroid dropped 4 and Inter-still have an uptrend but the busy utmosphers all chores re- national Business Machines WR pause in
action of sumed their upward course ch down another 114 on con other indicators is ambiguous. a broad front.
Banks led the tinued profit talding following
of Lonkion market to now "highs" in many
dore were
City Southern 1. Suburban fucrets. Oils are quitely stently, share. Bank of East Asin, Lld, Gn: 13%, Ford 1, Merek 11⁄2 and and technically wound. Ling-Tenco 144.
its stock split proposal.
Slantird rx Poor's 500 Slock Index:
Tho firmed
tqx1
equitics reflects private rather sections,
cheerful and
than, institutional demand and prices up to $80 bigher than
Friday,
Whostocks
Louched
M
Cold. Marg
Lane, Crow
43 4314
BO!!
10:5
(ord.)... Entertain
Construction
Strike ends
Sydney Jon. 20. The three-week-old strike at the Newscastle steel plant of Broken Hill is over. A back-to- | work decision was taken today at a mass meeting of workers who decided to return to work tomorrow.
The decision follows a recom- mendation by a special delegates committee net up by affected unlonists to end differences be- tween striking unions, Broken Hill officials and the full bench of the industrial .commission-- China Mail Special.
Closing prices
Briti Government Becurijjes
Consolidated-431, Conversion£60-1/10.
214
3. Savings 1955/65-10-15/32 3 Savings 10/10-77-9/10. Saving 1968/76-£-IS. 5. War 2000-C08-3/18.
Overseas lands
A German (Dawey-
Sika: Asten led-2139% -
& Insurances
Barclays Ord-00x
Chartered Bank-56
Guardim Arsurance-122 3d cor. Hongkong tank-£64 Cor. Lloyds Bank El.
Lombard Banking On-17 130. WHE
British Petroleum-30% 6d. Burmah Ol
Royal Dutch-104.
Ultramar Company- 3d,
Alois Engineering Babcock & Wilcox Ord-ged. latland & Woly Ord- 3d. United Stepi-60% cur,
Vickers Ord-20 2.
*ld.
Electric
Arsoc. Elee. Industries. Ambe.
Television "A" Ord--201 Elec. & Mus, Industries-437 3d. English Electric Ord- Gentem Electric Ord-315,
Industrials
Assoc. Portland Cernent-72, 114, Dunlop Iturber Ord-21 03. Turner &
Ord-60s 7:3d. Unlever life. International Computers—74 40. oardman, Marden Ords 30% Berax Holdings)-10s od. Bradford Dyorð-172 4344. Carrrens "I" Ord-is dad. Fine Spinners. Ord-Jla M. Gilman (Holdings) Ord-3. Jaguar Cesa
Moex Empires
Rank Organisation Ord-22% 414. Redifurion Ord-103 Bd. Stankard-Triumphs-16, 4150. Wiggins Teapa Ord-31 0. Huntson'
Westland Atro
Chemienly Moncanto Chemical Ord-26 3. Imparial Chemical. Ord-50% 0.
Paper Bowater Pager Úrd-Me D
De La R.
OB0% Dd. Tobsecon Dritish-Amer. Tob. Ord-2« Di. Imperial Tobacca Ord-mi áð.
Motors Pita Motor Ord-its Tsd. Rolls-Royce O-436 3.
Ord- 490.
d.
hawker Sidcules
Callco Printers' Ord-145 Courtaulda
Ord-6Cx pd.
Corts, & P.) 4550.
Lancashire Catton Ordo
told.
Great Universa} Old-36, Lyons "A" Ord-53: Taa. Marka & Spencer "A" Ord-008 Wootworth (F.W.) Ord-80s d.
Miscellaneoisa Bowmaker Ord-21.
Cunard Steatomhle Ord- 340, Ilongkong & Chino Cas-18. Indo-China Def. Ord-24
P.
40
11.
O. Steam Nav. Daf-40d
Stoll Theatres.
Mines Brit South Africa Co.-57, 101, De Beers Def-153x 10!1⁄2d Petaling
Boon 130.
•Capper-5, nă. Welkom Gold Mining-18%. Welter Lokings-16ly TigU..
Rubbers & Tras Anglo Indonesian Flaut.-49 30. Ceylon Tea Ord--20%, Imperial Tes On!-104 04. Kuala Lumpur-Kepong-da 4324. Lembak Rubber-158.
-Neuter.
Unit trust
First Hongkong Fund Buyer Price: $1.12. Salier Price: $1.19.
COMMODITY
PRICES
RUBBER
Funeral optimism rather thon
SINGAPORE defnite business news. Some $11.40. a rise of 50e. In the day, Open Close Net Charge caution is required.
Closing prices all in Straits 429 industrial 06.00 84.19 030
Land whose popularily reems
fo.b. Motoyan The hire-purchase relaxations over to wane showed further cents per 1b. raffroad.. 312 3131 minus .23
porte: 30 utilities... 33.10 6341 plus 21 meant very ittle nrai Can Improvement and Allied Inves
10-0015 Bob stock .... 00:44 00:42 plus .09 hardly be extended until exports
Dow Jones Glock Avenges;
30 incl.
120 Mrs.
13 utis
103 cike.
and trade imprøve.
cure i
tors were maifced up to $0.20.
No. 1 Feb.
Mar
303-30T1
2017-701% TOPBE
04-65
Open Close Changer
Wall Street reflects 631.62 · 039.87 up 1.15
that 140.57 130.91 of 8 confidence
the Kennedy 164.00 104.03 up 0.01 Administration 214.97 115.10 x 0.13
¡recession, but it will not be ---AP.
done overnight.-China Mall the seemingly Inratiable ap Closing prices all in pence Special.
Closing pricos
Allied Chemienia. Alli ChinOTE Amerion Metal American Smelling American Tel & Tel American Tob. Anaconda Copper Armour.... Dejlimore & Onla Deisehem Biol Canadian Pacific 11, Chrysler Motors Coriolidated xyison Cuban Amer, Augar Dupont de remoure Kaduna odak
Agreed merchant
rates
Canadian, a Maximum Selling 17-9/32, Minimum
Buying 17-17/34. T.; 17-10/32 O.D.
Belgian France Maximura Selling 865.
par Is.:
No. & rubber
buyers
No, 3 rubber
No. 3 rubber No. 1 p
Buyers buyers
Montreal AmsterdamS
33 14 Copeniaster Frankfurt
Libon Oslo Poria
Stockholm Allan Vienna
Zurkh
COTTON
LIVERPOOL
Closing prices all in peace per 1b.:
American Contract
Mar: 23.10; May: 25.40; July: 23.60; Ort: 24.20; De: 24.35.
Mixed Contract Mor: 2340; May: 23.151 July: 24.30; No. 1 has, apót .......... 2314+246 | Oct! 4.59; 29: 24.09UPI. Betttement house term:
In many stares at times buyers No. 3 Feb. No. 3 Feb. were numerous without a ringle
No. 4 Fet, alter, cad, when shares did spot rubber unbsted came on effer they were snap- Blanket crepe... ped up but could not satisfy No. 1 pais eteps
LONDON
pelite. Decks and Wherven were in demand and registered useful gains. Light prof init- ing at the close had almost no effect on prices and the tong at the end of the day's trading was as irong as ever. Turn- over was approximately $8,- 500,000.00.
ManyMER.
Apr/June
July/Sept.
Novbeo.
Jan./Feb.
20-24%
Genrest marketa, did, banim, porte;
·Feb Mar. Fatale crepe. thin b
Thick Feb.
Tuesday: The market opened strongly and gains were rapidly recorded in most sections due to competitive buying. Prant taking before the end of the morning | por
AMSTERDAM Cibang prices all in guilders
kilogram, c.lf. Feb.
FOREIGN EXCIANCE
LONDON Closing ratesi'juline tasu New York
£1.00% -2.20%
Lan 1/10
METALS
LONDON
Closing prices, all in sterling
por long ich.
Buyers Ballor
Tin
'
@pat
1134
month
TORIS 2004
Cupper
Spot
23712
21745
+mont
Lead End half Jah.
03
Zino 2nd trail "Pati
-month
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