THE CHINA MAIL,
FRIDAY, FEBRUARY 3, 1981.
HONGKONG STOCK
EXCHANGE
WEEKLY REPORT ON THE
A SURGE BY REALTIES
HB Bank Lombard
Wheelock
1435 41
Feb. 2
1745
$84
a glance ☆
Up or
Лю
+234
Dividend
A Bones
66
*
The share market
and
Jan. 5
Jan. 12
1408
Jait. 10
Jab, 20
Viclut
1400
1C10
+105
$60
3.3
40%
4116b
42b
4.7
0.55
10.10
10.00
11
- 11.80
+BOC
60%
3.1
HK Wharf
200
112
270ri
218
290
+12
2.8
IIK Bocks
116
119
124
124
124
steady
510
Talkoo Docks
30
1934
76
79
14
5%.80
3.7
Provident
23.60
24.30
24.00
26
21.20
+1.20
$1.20
RK Hotels
4th
413%
41
42
4314
+2
$2.76
0,4
IK Lands
75
164
18
801
BELL
+2
$2.40
1,00
1.00
1.00
1.025
2.15
1.22.8
13.750
2.0 6.4
3314
3344
3434
34
3431
+79€
$3.05
6.3
1821
195
206
#34%
+10
$10.50
4.5
112
120
136
122
135
+13
$8.50
0.3
26.00
27.60
30
30
28.00
1.60
31.10
3.8
29.70
30%
324
31
30
--750
$1.70
5,5
3831
391%
40%
41
43%
+2
st.75
4
25
68
08
00%
+154
5.7
312
32
33
32
34%
+1.78€
$1.85
5.4
30/
30140
40%
41
45
+44
$1.50
3.4
4231s
4251
4234
43b
33
steady
52.76
0,7
11
11.40
11.70
12.30
13.30
+1
750
5.7
7.800
8.201
R.65
8.20
@
+10c
SI
11.2
15.60
15.30L
10.20
10.40
18.706
+30€
900
5.4
724 13.80
7.85
7.05
7.55
+100
10,0
13.00
13,10
12.40
12.10b
30c
$1.10
D
MK Heally
HK Trams
Ch Light
Htar Ferry
Yaumatis
Mecines
HK Telephone
G. I.
Cement
Dairy Farm
A. B. Watson
Lane, Crawford
Int'l Investment
Allied
IK & FE inv
Texile Corp
Nanyang
1.45
Wall Street sets
another
record
New York, Feb. 2.
The stock market rallied to another record high in heavy
trading today.
The
market
11717
to
alightly historic high, rising 1.00
The previous high of her and active at the open- 234.00.
It moved ahend substan- 233.80 was set on August 3. Ing. tally in the first hour, held its 1959. g to the nal hour when it rallied briskly, leaving prices around their best for the day at the clere,
New U.S. defence contracts arki Prekkdent Kennedy's anti- recession programmer helped to encourage the advanes, brokers
said.
The aircroft and misalle shares again led the rise.
The Dow Jones 30 Industrials rose 4.00 to 053.62.
Volume tepped the Pour million share mark for the 18th time in the 23 trading sessions this year. It totaltri” 4.900 500 shares compared with 4,380,000 shares traded yesterday.
BROAD ADVANCE
Second was Certain-Teed, up shares. # at 30 on 70,700 Third was General Telephone
& Electronics, up 1⁄4 at 201⁄4| on 75.660 shares.
Next came Thiokol, up 2% at 45, and Boeing, up 24 at 41.
Lockheed
next most active rising 2% to 32%,
was
international Business Mach-
3% ines added 4, Polaroid
and Instruments 2%
Texas Merck 3.
Baltimore & Ollo dropped 2 points and Chesapeake & Ohio
Most other major groups join-wos up in advance of to-
night's deadline on the share
merger of the two roads.-AP.
Standard and Foor's 500 stodt index surged ahead 40 cents to
ed the aircrafts and missiles exchange aiming at eventual record its new record of $82.30. the broad advance. These in- The previous high of $1.07 was cluded steels. electronics, cop- set on Monday, and the rise pers, petroleums, utilities, build- was the best since that das Ing moterius, rails and air- when the index goined 13 cents. lines. Based on this indicator, the ructed value of all stocks listed en the New Kained ut $2,500 milion,
York exchange
The Aoelated Press average |
of no stocks also reuelive
Cars declined despite a report
of higher output this week.
the
American Motors was most active stock, dropping 14 to 17% on 89,200 shares.
MOREandMORE
PEOPLE ARE OPENING
6%
#$
US INVESTMENT QUOTATIONS
The following are U.S. Invest- ments ns in American dallars. Buyers' prices include commis- sion:
Affiliated Fund
Am Bus Sh
Stack
Commsh
Dreyfus Fund
Eaton & Stock .. Electronics Inv
-
Sellers Buyers
7.65
4.20
4.38
Atom Dey Mu
Axe Hough II
0.57
9.32
Bullock ma
13.10
1442
Canada Gen Fund..
14.33
15.49
Canadian Funa
19.70
18.13
Canadian Int. Gr
34.59
1157
Chemical Fund
12.50
19.45
17.81
3.12
3.43
30.00
10.05
13
13.74
150
0.20
150
12.29
300
11.04
12.03
11.17
1224
124
004
7162
1202
Keystone Cust 112.
21.75
23.72
Keystore Canada
14.07
1000
Mines Inv. Te Mama_Growth;
13.35
1497
10 03
1731
Nat See Ser Gr
9,11 9.94
Scudder St &
19.03 10.00
Teler i Fd.
B.CO
Value Line Fund'
617
VIP....
Wellington. Fund
71.17
14.40
0.20 7.10 12.22 14,70
Founders Mut Ed ..
Hamill Ft C-7
| Jomit Found
Instit Growin
ingut Income
Invest Tr. Besion
530
Unit trust
First Hongkong Fund: Buyer Price: $1.16. Seiler Price: $1.23.
COMMODITY PRICES
COTTON
NEW YORK
Closing prices all in cents per
1b.:
Spot
MIT.
May
July
Oct.
Des.
3.
NEW ORLEANS
Closing prices all in cents per
10.
Spol
Mar
July
Oct.
Mar
July
Feb.
Mar.
Erato trepe
thit Feb.
Buck Feb.
234-237% 237-2317
-UPT.
METALS
NEW YORK Closing prices all in cents per ib.:
As Banks go
below best levels
LONDON HONGKONG STOCKS GAIN
London, Feb. 2.
A flurry of buying dont In-
STOCK EXCHANGE
Our Own Correspondent
Business done at the Hong- dustrial stocks into higher kong Stock Exchange this
10
ap- Noon the morning's
ground along a broad morning Bmounted front today, but gold min- proximately $5,000,000. ing shores falled to follow quotations and
transactions: the trend and déclined. Standout performers respanit od. 10 takeover nows and rumoura Tolacces met strong demand in front of their divide end season. Motors responded to better sales figures for Janunty, while breweries, steelt
and electrients shared good gains,
Government bonds were mix- ed with short-dated stock
Communist Chinese hardened in the foreign sector.
with US, Steel up 2 and Gen- eral Motors down a point.
Leading oils improved. Cop- Pera held steady and ting were higher-UPI,
Bhare Buyers Ballara sales
Bank..
Lombard ... WART CO. Telkop
Hongkong Banks again stole the spot
light for most of the week in the local stock exchange, but Realties firmer.
with a late Doilar stodes were often better c Gia *** picture came into the spectacular surge. After hitting a peak of $1,830 a share on Tuesday. Banks went down to $1.745 at the close yesterday, probably as the result of some profit-taking. Also, the drop in Banks followed declines in the London- registered shures which were quoted in London at £88 on Wednesday compared with £90 on Tuesday. On the other hand. Realties | Banks continued to rise and Wheelocks touched the $12.00 which had moved very little for
u long thne, suddenly shot up to landmark closing with sellers at $2.15 at the close yesterday. This the price. Gao shares closed unsatisfied gain of 20ubove $18.00 with was an overnight
share or slightly morc cents
buyers. Glimans
were again than 10 pr cent,
transacted in volume rising to There was a huge demand for $3.25 before closing a traction Reattles, no less than 438,000 onsier. The market finished the shures changing hands yesterday session at its strongest, at prices ranging from $1.975 to $2.20.
Wednesday: The market was again strong in spite of some Wheelocks continued to at-light prout taking In some sec- $11.80tions. Banks eased on the local tract buyers, closing at which was below best levels but register tfter the recent meteoric atili a rise of 80 cents over last rise, but London Register were done, at a new "high" of $1580. Thursday's price.
Were l- Both International and Allied Movements generally
continued to gain regular with very narrow limits. Investments
was $5,-- ground. Internationaly closing at Approximate turnover $13.30. up $1; and Allied closing 000,000.00. at $0, up 10 cents.
Watsons were also sirong This chora has steadily climbed for the past several weeks in a row to reach $45, in increase of $4 over the previous week.
The only shares to decline were the two Electricities and Nanyang. Hongkong Electrics and China Lights went down following Government's jeetlen of their proposals, but they gained back come ground as the week under review drew to a close.
It-
Electrics, closing at $30%, dropped 75 cents, while Lights, closing at $28.90, declined by $1.60 on the previous week.
An all-time record turnover of approximately $11,900,000 wa
set on Tuesday. The previous turnover Was record daily $11,742,000 sel in May 1980.
The volume of business for the week was very big-approxi- Im tely $13.158.000 or about $2
millin more than the previous weck.
There was a strong undertone in the market at the close,
During the week, Star Ferries announced a final dividend of $0.50 a share, bringing the total dividend for the year to $10,50 against $9.50 last year.
with. all
Market diary
strong a
demand
very day,
Was
the
Thursday: The market active throughout but no definite trend
at established
any Banks, the recent declined, probably
Was time. favourites.
on profit taking, to what must: be a more realistic price. The feature of the day was un- doubtedly the interest shown on Realties which have for so long been steady but suddenly stole the limelight in on irregular market and registered gains of over 10% in one day. The un- dertono continues strong. Turn- over was just short of $7,000,- 000.00.
The
Rubber
market
Singapore, Feb. 2. market opened at last night's final lovel shortcovaring and some froth inquiry.
1
Lowers were neglected,
on
Kl
February No. Rss was offered inore freety which 4 widened discount to 14 cent.
The afternoon market was Friday: The Arst month's trading of the year ended today slow to open but with renewed covering prices In upcountry pushed steadied to the day's high at which section's
un- the close. prices in some cases to precedented heights and gen- erally marked gains throughout the market. Banks led the Reid again rising to $1700 while the London
Register gained buyers searching for non-exist ent sellers, Wheelocks, opening at $10.00 gained 50 cents before Electric Com- Closing pricee, all in sterling the close. The
to Gilmans
Lead Mar.
May
Zinc
Mar.
MAY
Copper Mar.
May
LONDON
D.93 10.05 50.00
10,70
21,60
0747
011
attract werp
panics continued
while buyers Buyers Sellers cought at higher prices closing
ever.
Rubbers,
Trust
Tea at their best
both Amalgamated and were marked up on reasonable 210% demand, Turnover was approxi-
mately $0,030,000.00,
29,05
32.00
32.54
per long ton;
350.00
Tip
3400
3423
Spot
TES!
33,00
3-mont
75845
7E9
Copper
LIVERPOOL
Bpat a-month
21914
219%
Closing prices all In pence per
DEPOSIT ACCOUNTS
lb.:
Lead
Spat 3-month Zipo
American Contract
Mar
Spok
-month
7031
UPI.
BANK
with
LOMBARD BANKING
✔SAFETY-NO Capital Depreciation
Your Toda remain at you dispokal.
INTEREST is calentated on a Daily flexis
←ke, your money is caring Interest from the day you dapat mail the day you with draw,
SECURITY—The Bank's. Capital and
Reserves
ASSETS EXCEED £100,000,000
Interest paid without deduction of United Kingdom
Income Tax.
Welte today to the General Manager for your bank
of "Busk Deposit Accouni" booklet No. AQ.74.
LOMBARD BANKING
LINITRO BANKERS
LOMKLÈN BOUN, EVAZON STREET
PARK LAKE, LONDON WA Telephvor; R8 4135, 424 Musa)
... Autoclated Bank t LOMBARD BANKIND (PAR FAST) LTD 0.07215). BERONI FLOOR FINLAYSON :
SINGAPORE, Telephone: 1k/s
* World-Willi Manking and Finarés Organization
studia susipil
Mixed Contract
Mer.
May
RUBBER
BINGAPORE
338890
Closing, prices all in Straits cents per lb. Lob. Malayun porta:
No. 1 Feb. ******
Mar.
No. 3
No. 4 Fr
Spot rubber wabaled
Nimrikat slope sunu No, i pala crepe
LONDON
7845-704
75-7814 2719-1745 Takisu 7011-7074
02-09
254-36
1b
MU
046 C43
SUGAR
NEW YORK
Dividend
and Bonus Announcements dur log the week: H. K. & S. Dank- 70%ing Corporailon Final 22. 10/- 79% per share.
Monday:
The upward itend
In London, the rubber market was steady with spot frper at 23-11/10 pence today-UPI.
Closing prices
British Goyaramunt Breuritics 2% Corelidated-£43.
32 Savings 1830760-20.
3 Savinga 1900/70-2TÉL.
3 Savings 1945/75-£70-0/16,
Overseas Bonds
Gen (Dawes --
Japanice, Alented-£1314.
Útanks & Insurances
Barclays Ord-800 3.
Chartered Bank-271
Guardian Ansurance=123, Jd cor. Hongkong Bank-C07;5. Lloyda Bank--714.
Lombard Banking Ord-10s 7.
British Petroleum-83s, Butmjah 01--ža od.
Noyal Dutch-£13}%..
Ulls & Engineering
Company 30μ TAL.
Badcock & Wilcox Ord—318 Od. United Stcol-006 . Vickers Ord–201.
Plectric
Arsoe. Elec, Industries-414. Elec. & Mus. Industries-439. English Electric Ord—301. General Electric Ord-3la 50.
Industrial" Assoc. Portland Cement-248 13d. Dunlop Rubber Ord-918 30140,
mer Newali Drd-018 44. Unilever Ord-186 101d. Intemational computer-782 i3oordman, Marden Ord-da id. Borax (Holdmgg) --20s.
"D" Brdnik B. Carlither Ordhe kt.
Gilman (okinga) Ord-On &c. Jaguar Care Ord-018 Rediffusion Ord-404_64. Standard 100,
Ord-334 3d. Wiggins Forestal Land-12#3d. Hundron's Bay—281⁄2. Westland Aircraft-162.
Chemicals Monzanto Chemicals Ord-254 71%d. Imperial Charlest Ord-70s 1015.
. Paper Bowater Paper Ord-531 34. De La Rue OrdDr Od.
Tobaccos
British-Amer. Tob. Ord-676 34. Imperial Tobactors
Ord-703 311.
British Motor Ord-10s ki Hulls-Royce Ord—42 (d, Hawker Siddeley Ord-20ts 101%d. Texture
Calleo Printers Ord—13% 104%. Coats 12. & P.) Ord-60s. Courtaulda Ord-423 7150. Lancashire Coston Orda G.
Hlores
Great Universal Ouf-sty D. Lyons (3) "A" Ord--83% 10,yd.
Ord-999 Marks&Spencer "A"
Woolwords F.W.) Ord-170 d. Tate & Lyle Ord–458.
Miscellaneous Bowmaker Ord=21s 10152. Hongkong & China Gas-168, Indo Chilio Def.. Ord-230 30, Land Securities Ord-239 7164. P.&O. Stepin Nav, Del.-406
Stoll Theatreels 1950.
Mines De Beers Det-1000 103d, Petaling Tinās Tặủ. Rio Tinto (Beater) £2-5/32 Roon Antelope Capper-G# Fig. Welkom Gold Mining 11 91. Western Holdingo-1498 49æl
Bubbers & Teas
Ang Indonesian_Plants 31. Ceylon Tea Ord-274. Imperial Tea Ord-142. Kanta Lammpar-Kepona—33 41jd. Lambak Klubber-déo,
-Reuter.
Congressman urges
reappraisal of trade policy
Washington, Fab. 2.
continues unabated and is so A Texas Congressman called today for a
general that apart from the Electric Companies, not a sin- sie loss was recorded on the day's trading. As was expected
the Goverment's rejection of the proports of the Electric
Closing prices, all in cents per Companten caused a sudden and
Contract No. 8 (world)
"searching exomination of our whole foreign trade policy for the economic well being or our own people.”
Representative
the oll,
1700 10
1152740
B1745 1750 151755
25 1766 1700
10 1755
51763
1750
19 1 1703
400 6 200
212
10 10.10
1500 ve 18.10
30 18
2100 10.10
Wheelock.. 11.70 11.00 1000
6000
13.10 11.70
1000 11,50
1000 11,70
3000 11.79
1000 @ 11,00
4000 4 11.70
JK Dock..
126
320 Foc pe 124
Provident :: 710 2000 18 24.10
2000 45
At Land
Fx Ats..
Yaumati
New
Tram
C. Light
1000+125
500 $20
700 + 124
1200 40
1000 431
£500 (40%
500 46
1000 L *500 60 4513
32 8235 2010 &
120
250 #1031
ཐོན་་་་ 400 3424
20 29.10
100 20.00
1000 25.00
1000 a 201
1500 20
2200 g 20.10
1200 68 20.10
2000 of 20
120 41 20
Electric
30%
31
1100 ## 3015
$200 3012
183 4 301)
3501 ( 301
Telephone
. 434 4322
100 43%
800 4315
100 g 4534
1000 $ 40%
(New)
Cement
11 *2
►
Dairy Farm
Watson
2
1000 of 4314
650 4119 199) A BILL
1000 @ 70 300 #7 10007015
35 351 1325 or 3415
3
2000 e 45
3000 st 1.90
500 G 3415
1700
4500 ( 33
1000 œ 35% 1330 m
nulled Inv. 3.35 4.90 2000 of 190
2000 0.00
Texto
7,00
722 4025
4000
2750
500 or 7,00 4500
Nonyang 12.40
1000
7.00
2289
1000 13.40
4.03 2000 + 0.80
7000
Anal, Rub. 0.00
lub. Trust 753 1.89 1000 of 7.00
3000 e 7,00 Itumphrey STIL 17.70 3000 on 31 Lue, Cfr. 43 4934 300 LF #3
Realty + 2123
1800 44919
400 44 4321
400 434
1800 433
Inl' inset 13.30 13.00 2500 64 13,40 10000 13.40
2.13 0000 og 2.173
20000 sp 230
1000 FO
3:00 35000 g 2225
22000 220 23000 2.173 20000 2,170
Blocere U. Waterlibat Kelania Underwriters KJ FE
Tray.
30000 #215
20000 7 2.1.25
10000 2015
1200
2.123
108
2000
5000
12.20
Himan Star Entertain
Thent
Femy
30
Tire firm's rise
in net sales
Akron, Ohio, Feb. 2. The General Tire and Rubber Company reported that Its het sales in the fiscal year ended Novem. ber 30, 1960 rose to $758,047,649 from $676,- 142,133 in fiscal 1959. Earnings, however, fell to $4.07 per share trom $4.84.
Says were at a new recorda high and earnings better than
Bitelisch Eccond only to the all-time high
appréciable drop in these shares. What was remarkable was the cited speed at which they stabilised hardwood plywood, fruit and owners were hurt because
Joe Kligere of "the New York market bes
causo textile, metals,
ď irports, Trawler
May 203: July 250; and the siendiness at this level, vegetable Industries as being | cessors bould buy foreign shrimp had been anticipatol. -- were
in spite of a very large turnover. bit particularly hard by foreign cheaper than US. thing.enals, Appreelable gainer recorded in competition. shares
Sept. 291: Nov. 2011 Spot (FAS.
Mar. 300;
Cuba 303.
Tou! Balen: 24 contrbots,
Open interest! 1100 contracts.-UPL
FOREIGN ANCHANGL
LONDON Closing roles;
Now York Montreal
Amsterdam Frutadie
Closing prices all lit pence per | Copenhagen 1b.:
No. 1 Re spot 4 2271-56
Beitferner house team:
Mat.....
Apr./June
Nov/Dec.
Juty/ept.
Jan Jindb
Franketuri Lisbon Dalo 21 2016 Trjá
BOOKHDin
IL-OS Vienna SLENI Zurich
Qrural roastria, 03.2. brain, pELAT
#.2016.8.0014 220-1/16-3.78-3/15 |
10.5913-10.5934 139.78-13900 19.505-1936-1 11015-17.70
80.00 10,50
20.00-20.03%
13.7-3.740.
KANTOWAN
170196-174116
A
case
"Imports in the nrst half of
and that Imported
of small denomination
Ho apcelled the oil import were taking over the important i 1969 and tichrly double any often pass comparatively un programme as one that was not iets once served by toxi
Chicago and Philadelphia mur) year prior to 1959. notleed, but hró nevertheless working it all.
The company bout the outlook "For many years the US. has for the current worthy of attention,
fecal year "Appears, satisfactory, It Cons to tet - menied that an economic upturn
Is Inovitable", Tith was prepared to meet an atud Graera), expected expansion in demand.
Chha Meli Special.
DRIVEN OUT.
43
in point in this respect are Gill this year will average 1,871,000 been moving from a positions mana which registered gaina barrels per day." .tbd Texas of het exportar
"Oil Importa porter," goro sald. "We are of over 10% on Friday's close, Democrat said
inore than 40 now Importing Bunka reached $1800 but cased amount to about 20 por cent of Ale and closed at $1700. domestle crude production, That Per cent of our iron ore, London Registered Banks were is almost 10 per cent more tinn er eers of our bauxito, 25 to again almost unobtainable in officially considered advisable foi 30 per cont of air copper and practically 100 per cent of our spite of buyers at $1510. Ap-national security purposes.
Tangmics** WAS $B, proximate furnover
Ho said the textile industry 640,000,00
“Tiva excessive an imports do face ita most intensivé čians Tuesday! Today was a very great farm to the Texna beppouton from forelgti-mous ndar
recota
With Business nory. At the same time for goods and that domestic hard-
iconing into the dolid to the tune just short of sign of $12,000,000.00.
country, Texas, oil producers wood plywood had been dealt a
"body blow by importa mre being permitted to operate The Electric companies te- their wells only eight lays a
Kilmore
that South covered more of yesterday's most
| Texto frills, smit vegétables losses, Gidl recording un fil-
more foreigi
He mid a Galveston strutpace more and UPT. DUNGSÍVE Voiture of business, processor hast been driven oilt outspotátlan.”—T/PL
Exchange rates
|
„Dzikim wah, done in the · Ippal uhendal exchange markus, dial morning at the following rates:<=
Us. dollar, (por: Bi),
Hibride nolos (per ki).... 10.34
| Aghialán noiás (p#5 £19/QVA Indonesian Rupiah (per 100). 200 Bam tesla (per 100) singapore (they