THE CHINÁ MAIL, FRIDAY, FEBRUARY 10, 1961.
WEEKLY REPORT ON THE HONGKONG
STOCK EXCHANGE
London stocks
BIG VOLUME MAINTAINED advance
IK Blank
Lombard Wheelock
glance ★
+234
Dividend
& Bonus
$40
$
Yield (%)
3.3
4.3
* The share market
ad
師
Up or
Jan. 12
Jan. 19
Jan. 26
1453
1400
1640
Feb, 2 1745
Feb. 9 1810
Down
+70
4014
4144b
42b
43
40
10.10
10.00
11
11.80
12
+200
000
B
HK Wharf
272
2700
278
200
282
-8
2,8
HK Docks
110
124
124
124
138
+12
$10
ៗ.
Talkoo Docks
7314
76
1314
74
78
+2
$2.80
3.7
Provident
24.30
24.00
zo
27.20
21.20
#teady
$1,20
4.4
HK Hotels
4114
4134
4214
4312
45
+131
$2.75
0.4
HK Lands
761%
区
8011
82
8814
承蒙
82.40
2.0
1.80
1.00
1.925
2.15
2.120
13.750
0.4
381
3614
34
3434
342;
slendy
$2.05
8.3
195
206
224
234%
222
-12
$10.50,
4.7
Yaumalis
120
125
$27b
138
135
steady
$8.50
6.3
Ch Light
21.00
30
3012
28.00
20.10
+200
$110
4.8
Electrics
391%
32
3112
3914
325/
+212
$1.70
4.2
Telephone
3944
401
4131
439
4433
+1
$1.75
G. I. Cement
68
08
001%
72
+4
3.0
3244
322
344
3522
+134
$1.85
0.3
39b
41
45
473%
+2%
$1,50
3.2
4214
40
43b
43
4714
+452
$2.75
B
Ins' Investment
11.40
11.70
12.30
13.30
13.80
+500
750
5.5
Allled
8.20b
6.55
8.90
Q
8.90b
10c
11.2
HK & FE Inv
15.301
10,20
16.40
10.701
17.70
+1
5.1
Textile Cory
7.36
7.55
13.60
13.10
7.45 12.40
7.55
7.95
+-400
800
10
12.10b
12.806
+700
$1.10
8.0
HK Realty
HK Tran9
Star Ferry
Dairy Farm
A. 8. Watson
fane, Crawford
Nanyang
0816 33
404
900
Steel market outlook Wall Street stocks
New York. Fel, 9. dustrial East
and
Mid-west,
and
sules of Flowej
1 is unlikely that the steel, which has rul inte market will how any mistained ¦ durable
Foods
Improvement without a plex-up; construe!lon profecis. In car deel orders
und this
doubt-
needed stimulant looks
Steel
wi operations
to
De
fut at the present, "Iron Age well below normal in view of the bad weather, Miscellaneous reports.
show continues Added in the gloomy car out-business look is the abnormal unowfal some Improvement. Chine throughout much of the in-tal Special.
Best Year Ever For The Manufacturers Life Of Canada
The Manufacturers Life's new business of £200,948,722 in 1960 was an all-time high for a year's operation, representing a gain of 20% over the 1959 figure. At the end of the year the Company's business in force amounted to 1,265,915,434.
very
decline in
heavy trading
New York, Feb. 9.
The stock market declined in extremely
heavy trading today.
The market was higher and very active at the opening following yesterday's strong rally. It turned mixed around noon, went slightly lower most of the afternoon, but declined substan- tially in the final half hour.
Most losses
from n ranged few cents to around one dollar n share.
1
compared with 4.940,000 shares traded yesterday.
The high Total
to polley "During the year, the short term payments
speed ticker tape was 29. much and owners and beneficiaries
as ten minutes infinterest rates in Canada
Standard and Poor's 600 stock behind transactions.. for 1900 also set a new record with the United States bave fallen by
and 30%.
of two respectively. Indes, after opening at an all-period
hours and 23 Manufacturers Life paying out 30%
high of $02.32, closed minutes during the turbulent £21,879,004 in death claims, Conversely, the comparable rate
At $02.02 down 19 cenis, session. the United Kingdom in- matured endowments, annuity In
on this indlentor, the payments and other polley bene-creased by 35% over the same
are quoted vujue of all stocks listed #115, Including £3,056,924 in period. The fact that we
on the New York stock tx- The an dividends to policyowners.
International company and total benefits paid slice the in-operate in these three markets corporation of the Company in has enabled us to take advantage 1887 exceed £300 millions. of this divergence in rates."
Assets held in trust for pay- "Since its early days the com- considerable ment of future policy benefits pany has done a How total £344,379,557, Govern-proportion of its business out- ment and other public body side of Canada but at no time bonds constituted 20% of assets; has this proportion been as while other public utility and large as last year. The charac¬ corporation bends totalled 32%;ter of his business has changed morttages and real estate held over the years and it is now for investment made up 33% more concentrated in Great Brl preferred and common stock tain, Bouth and East Africa, 5% cush and other assets | The Rhodeslas, the West Indies urmounted to 10%. The net rate and particularly in the United of interest earned increased to States." 5.41%%%%
in Hong Kong the Company Speaking at the company's has a Branch office in Union annual meeting, the President House under the management of Mr George L. Holmes said, Mr D. A. C. T. Hancock.
AMENDMENT OF FERRY SERVICES DURING CHINESE NEW YEAR PERIOD
THE INSIDE HARBOUR SERVICES WILL BE EXTENDED
AS FOLLOWS:-
Jordan Road Service
(Vehicular & Passenger Ferry) Wanchai/Jordan Road Service
Mongkok Service
Shamshuipo Service
of the 14th service
of the 14th
service
up to 3 axu, up to 3 am
of the 14th
up to 3 a.m. of the 14th up to 3 a.m.
of the 15th
up to 3 a.m. of the 15th up to 8 am.
of the 15th up to 3 a.m.
time
Based
MIXED NEWS
change was down about $1,200ed. It included news that U.S. million.
Tho Associated Press 60- slock average fell .00 to 234.50% The Dow Jones 30 Industrias were down 3.73 at 645.12.
IL
un volume.
their
Prices steady,
Dock shares increase
and
The local stock market continued to do a large amount of business during remained the weck
prices steady, although there was a sprinkling of minus signs.
Hongkong Banks, which had slipped back last week, climbed steadily to close at $1,815. Buyers were showing interest in those shares. Hongkong Docks made an Ferry Co., Ltd. Final $6.50. per overnight jump of 02 per cent share. following a report that it had j
encured a contract to build 30 Monday: The boom continues vil barges for Burma against at the week started as strong world-wide competition.
ng last week closed, Dokler and Wheelocks rapidly established Docka, which closed at $128 useful gains but did not quite on Wednesday, went up to hold their best. Uulitles all ¡m- $130 yesterday after having proved and Gts shares reached gained ground as the day pro- $184. A refreshing fentury was pressed. There was a big de-the
the Coltona recovery of mand for Dock shares, à total
section: both Textiles and of 10,200 shares changing hands Nanyangs made quite a
jump. at prices ranging from $129 at Amalgamated Rubbers
topped the opening to $136 at the close the $7.00 mark closing, at $7.15 of yesterday's busineı,
with few.shares en offer: The closed strong with inarket
$10,000,000.-
A feature of the market was the good gains registered by the turnover of over Cotions which had moved at lower levels for some time now.
at
Textiles gained 40 cents. $7.95, while Nanyang gained 70 cents at $12.00.
00.
Tuesday: The market opened strongly but a little more selective than usual. Some gains were re- which glatered led by Banks Touched $1705 and Utilities gen- Another good gain was that erally were very firm on a good registered by Hongkong Electries turnover, China Lights touched which closed at $82 probably $29.70 before casing to $20.00 at in anticipation of the dividend the close. Glimans were marked announcement. In the afternoon, up at $3.275 and Rubbers were the company amounced Anal steady. Prices were generally dividend of $1.10 a share, bring-caster In the afternoon but the the undertone remained firm. Turn- ing the total dividond for year to $1.70, the same as last over was approximately $7,895,-
year.
botter
000,00.
The slightly
Interim Wednesday: Buyers WETC dividend of 45 cents announced again selective and price move- by the Hongkong and Far Eastments irregular within narrow Investment Company brought limits. Banks were done at $1800 to im- those shares up by $1 at $17.70. and Gilmans continued
were done in prove. Realtles Among the shares to decline quantity at prices above yester- were Star Ferries whicht went day's close while China Lights down to $222, a drop of $12 on closed fractionally below $29.00, the seller's price of inst week; contrary to the movement of and Hongkong Wharves which Electrics, Turnover was appro- lost $8 at $282.
ximately $4,600,000.00.
The volume of business for Thursday: The day started the week under review (Friday quietly and gathered pace dur- to yesterday) amounted to ap-ing the morning, Docks were com-Bought early and rose rapidly to proximately $40,885,000, pared with $43,150,000 the pre-
$138, Gimans were another fea- vious week.
ture and continued their steady rise to over $3.50. Banks mark- ed up further gains but Villities were quieter than of late. Buyers generally outnumbered sellers and In some stocks the scarcity was very pronounced presaging
merc
In the even
business future than today's tumover of uni- approximately $8,340,000.00.
Market diary
The business newa was mix-
unemployment last month wes the worst for a January since te early 1940s, reports of more layoffs in the U.S. car industry olong with further production curtailments, and a rise in rail- Volume TOSE to $.590,000 road freight car loadinga. shares, the highest sinte Содотай Electric and. September 26, 1955, when turn-Westinghouse, both faced with over totalled 7,720,000 shares in many millions of dollars in
following to news of President | damage sults
Friday: The markort con- anti-trust convictions, reaction
attack.
sank 10 tinues to bom and Interest was Elsenhower's heart
new lows and led the market even more widely spitad tern
raft Going were almost General Electric Was most active stacke, dropping 4%versal or in some enseES
Eanks rubetontial, sharesnio the limelight and Secund
was Westinghouse
absorbed all shures Electric, off 2 at 43 on 112,600 quickly
price up shares. Third was Aveo, up offered jacking the at 101⁄2 on 67,200 shares.
$30.00 above the opening. Å Other active stocks included tremendous volume of Real-
New York, Feb. 9. Lockheed, up 1%.
done at enhanced The Japanese Finance Minis 2%, Emerson Rrdio, up 17 Lees and all members of the try has freed remittances of and Brunswick, off.
Slorts
useful pre-war investment group registered
dividends Cutler-Hamm dropped gars on a good volume. The lowed to U.S. and other and Allis-Chalmers 2% in close of the week saw the mar Japanese investors, it was on- reaction to the anti-trustet in its strongest and the лounced today. situation.
pace at its fastest.
U.S. INVESTMENT
QUOTATIONS
The following are US. Invest- ments ba in American dollars. Buyers' prices include commis- sion:
Atom Dev Mut
Axe Houghi B Bullock Fund Canada Gen Fund Canadian Fund....
to
03
on 239,500
the
fies were
Philico, up
Word came back busers
Remittances
non-
Nikko securities Co., Lid., International Business Mi-
of Japan's Turnover was approximately one
"big four" chines tell 0 polnis. Telauto-$9,550,000.00.
securides firms, said it has re- is lasting stock
ceived cables to this effect from proph, whicht rights, rose 2, Polaroid last 2%. Dividend & Bonus Announce the Home Finance Ministry
ments during the week: Star (UPI.
Amliated Fund
13th Feb. 1961 18th Feb. 1001
| Am Bus Shry
up to 3 s.m.
All night
Bellers Buyers 7.17 241 4.34 4.03
8.07 0.42
13.42 14.71
1437
up to 3 am.
All night
18.73 16.33
Canadian Int. Growth
10.74 13.74
AP.
Chemical Fund
11.84
12.00
Commit Stock ...
10.71
15.16
Dividend Shra
3.17
3.48
Dreyfus Fund ...
15.00
11.17
Eaton & 21. Stock
1331
14.03
of the 14th
Wilmer Street/Shampuipo Servica
up to 2 a.D.
of the 14th
of the 15th
Electronics Inv, Founders Mui ra. Hamil Fa HC-1 Init Found
1.70
0.42
11.45
12.45
5.47
5.90
11.04
22.00
į Inatli Growth ...
11.30 12.43
029
7.00
13.02
13.14
21.08 23.37 14.94 18.10 14.13 15.28 16.32 27.64 0.20 10.15 19.30 10.30
4.68
Kowloon City Service
COMMODITY PRICES
Industrial
London, Feb. 9.
stocks rosumod
their advance despite a slower trading pace and
HONGKONG STOCK EXCHANGE
Correspondent
Business done at the Hong- kong Block Exchange this somo profit-taking while morning amounted to approxi- intornational favourites mately $7,000,000. Noon quota-
like Unilover and Philips flons and the morning's transac- lamps paced many bluetions: chips into higher ground. Shares Dealers worked up dollar HK Dank stocks giving Chrysler (wo points U.S. Steel and General motors gained one
to 70 while
point cach.
Steel ând engineering equities went ahead with Tube Invest- menta and Metal Box in the lead Motors stayed quiet, banks and insurrats broke inte high- er ground.
Buyara Bailers
1070 1871
Bales
20 1040
30
1830
23 úr 1070
10 LOTÓ
10 1500
1975
11870
10 # 1820
35
30 67 1878
001575
20 130
90 pr 3070
112 1070
Bank
(kon. Reg.) 1350 1500
Lombard...
20
405
48
400
200
*E
100 270
Taikou
1K ...
7015 +7
1200 r
10.30 10
Leading oils tools their cue Whart
from Will Street and moved fractions higher.
Gold mines forged ahead of first put the movement petered out and the comiers ended mixed. Coppers fired on the in Improved political outlook
moved up- Rhodesia and tias wards. Diamonds were harder.
Rubbers showed Dile change but teas impovixi-UPI.
2
Closing prices
British Government Securities
COTolidated-CH. Conversion 7.0/10.
3. Bavinge 1933/85994 3 Savings 1963/70-77-13/10. 2. Sayings 1900/75-£70-7/10.
Overseas Donde
4. German (Dawca)-200. 3. Japanese. Astented-180%. Banks & Insurances Barclays Ord d Chartered Bank-00 3. Guardian Anxiranen.1371 Hongkong Bank-2. Lloyds Bank-759 30. Lombard Banking Ord-208,
British Petroleum-13 m. Birmah Ol-430 Dr. Royal Dutch-E14.
Steel & Engineering Babcock & Wilcox Ortis 3d. Tube Investments-77 Gà. United Steel-635. Vickers Ord-20.
Flectric Apoc. Elec. Industriestis 34, Elec. Mus. Indestries–431. English Electric Ord-34s td. General Electric Orbeaza 04.
Industriasz
Assoc. Portland Cement--ile Alid, Dunlop Rubber Ord—249 4id. Turner & Newall Ord-lis 10150. Unilever Ord-101 740, Boardman, Marden Ord-Ey Id. Borak (foldings?—21s 7150. Carteros "B" 4 4. Fine Spinners Did—dis.
Glinati (Holding) Örd-s 1!40. Yogurt Cara Ord-ala 35. Rediffusion Ord-40% Dd. Sunndand-Tilumpli—10s 1950, Wiggs Teave Ord-650 1030. Forestal Land---12). Hundson's Bay--£0%. Westland Alteraft-15, 10146.
Chemicals Monsanto Chemical Ort-20% 7*5d. Imparial Chemical Ord–71.
Paper Howater Paper Ord-35s 30, De La Rua Orá coa sd.
Tobaccor British-Amer. Tak. Ord-09s 4!54. Imperial Chemical Ord-711.
Molars British Motor Ord--17% 114d. Rolls-Royce Ord-44% 41%E Hawker Siddeley Ords.
Taxider
Calico Printers Drt-wolle 1!!! Cool & P.) Ord-605 3. Courtaulds Ord-43s Od. Lancashire Cotton Ord-Gi
Stores
Great Universal Ord $2 od. Marks & Spencer "A" Ord-09. Woolworth (F.W.) Ord-60, 34. Tate & Tale Ord-60 30.
MiscellaneoUR nowmaker Ord-24s Cd. Hongkong & Chine Go 159. Indo-China Def. Ord-2AA.
Land Securities Ord-23, d. P.&O. Steam Nay. Defits 34. Sloli Theatres Ba 10/d.
Stines
De Beers Def—150; 101⁄4u, Petaling Tim- 1,jd.
Rio Taito (Bearer)--£2. Hoan Antelope Copper-5) 198, Welkom Gold Mining--174 15d. Western folding 14 ed.
Tabber & Tezs Anglo Indonesian Plant.- 3d. Ceylon Tea Ord-20, 3. Imperial Tea Orl--107. Kuala Lumpur-Kepong-30 70. Lambak Tubber-453,
--Beuter.
Wheelock
100
3300 e 1840
1400
15
3000 18,40
100 101
2300 10.40
12 12.10 1000 12
6000 or 12
1000 12.10
2000 or 13.40
2000 12.30
0000 12.20
27000 or 12.10
HK Dock..
137 130
200 or 130
300 159
1000 340
700 130
900
1500 . 27.30 27.40
2100
435%
40
1000
200
Ex. .. BS 001
Provident
HK Hotel.
HKC Land
Youmati...
130 140
New 129 130
1 Tram. 351 352
CIL
Light 29.30 29,40
1500
€200
| Electric
30% $34
Telephone..
8
22103355
1000
5000
2000
1200
018 or 500 3100 or 72
2000 72
3500 4 30
"
(New
GI Cement 71!4
Dolry
72
Form 3544
1700 or 30
400 30
000
Watson'.... 474 473%
GOOD
1000
Ailled
Tny.
| Textile
8.00
1.95
3000
$300
4 4.37
100
2100
Nanyang Amaitu
1.30
7.21 13000
Rub. Trust
Humphreys
Reaily
143 6000
20.10 20.20
0000
00029,10 2000 a 28.20
.... 2,125 2.170 10000 or 2,123
Jati Jav JK & FE
Inv.
25000 2,123
22000 2.10
02000 2.15
5000 2,153
1100 1100 100 bộ Bả
17.70 2000 # 17.70 3,775 3.00 30000 300
Underwriters 12
Un.W'bout 3012 Blar Ferry
Macao Elec. Rope Cold Mac.
(Ord.).... Kwonr Bens
ltant
Sincere
Vibra
230
24.5 24.40
3714 201
20-4
25.20
COTTON
LIVERPOOL
Closing prices all in pence
No. 4 Feb.
7413-7536 | 3-month
Copper spot 0115-0075| 3-month No. I pale crepe.... ***** 331⁄21⁄2-6435 | Lead spot
LONDON
Spol ruber unbated...... 7816-79 Blanket crepe
3-manch
Dumonth
Closing prices all In pence per Zinc spot
lb.:
No. 1 spot. 2336-2415
Settlement house terp:
2016-24
2316-24
24-2415
*#3%-2035 2016-201
General markets, e.l.f. basis, ports:
Mar.
Apr./Juno
per lb.:
July/Sept.
American Contract
Nov/Dec.
| Jan/Feb.
Mar.
May
Feb.
July
Mar.
Ocl.
Estate crepe
DOC
thin Feb.
Mixed Contract
Mar.
Nwy July
Dec.
Mar.
"
thick Fcb.
2372-2319
24
UTI.
tap
Paistas
-UPL
FOREIGN EXCHANGE
NEW YORK Closing rales:
Cards
England oficial
.
OUTLYING DISTRICTS SERVICES
Cheung Chan Service
The 4 a.m. ferry from Cheung Chau to Wlimer Street vin Aberdeen will be suspended from 14th February, 1901 to 17th February, 1961, both days inclusive.
The 5 pm ferry from Wilmer Street to Cheung Chau via Aberdeen will be suspended from 13th February, 1961 to 10th February, 1981, both days inclusive.
Tai O Service
The 3 am ferry from Tai O to Wilmer Street via Aberdeen will be repended from 14th February, 1001 to 17th February, 1001, both days inclusive.
The pan. ferry from Wilmer Street to Tai D via Aberdeen will be suspended from 18th February, 1801 to 10th February
1901, both days inclusive,
The Excursion Ferry to Tai O will be operated on 18th February, 1001:
Leaving Hongkong at 8 am, for Tai O calling en route at Tung Chung. Returning from Tai O at 5 pm, calling en route at Ting Chung,
Tolo Harbour Service
On 15th, 10th and 17th February, 1981:-
Insit Income Invest Tr. Dorton Keystone Cust D2 Keystone Canada Mars inv. you .... Mas Growth Nai Bee Ser Gr.
Scudder 64 & Ci Telev El Ed.
Value Line Fund VIP. Wellington Fund
A week's close-down
Chicopee, Maru, Feb, 0. U.S. Rubber Company will close its tyre producing incill ties her for one week starting ox Monday,
The Chicopeo plant has been producing 28,000 tyres a day. Approodinately 2,200 produc | fizik, workers will be furloughed. Asked if firm orders had gone out for resumption of produc- tion, a week from Monday, a spokesman for the plant said
The morning ferry will leave Talpskou at 745 am, instead Į they had.
of at 6.30 am, and will leave Top Mun at 0.30 a.m. Inslend of at i am
THE HONGKONG & YAUMATI FERRY CO.,
0th February, 1951.
Reason given for
RUBBER
SINGAPORE
Closing prices all in Stroite
METALS
NEW YORK
Closing prices alt in cenia per i New York
the close-cents per ib. fo.b. Malayan Copper Mar Gown was the ging automo-ports:
LTD.
(à exquequent forening of de-
and for original
ble production in Detroit with
Mo, 1
·Seb.
Mar
equipment
zo. 1 Teb.
A kyaka--Ĺhing Mail Spacial.
10.00 Copbagić
300 Frankfurt 47.65 Liban A1.45 CM
Pickrpirs
LONDON Closing prices all in stocking | Milan por long ton.
Tin t
70-2016
1b.: Load
MAY,
2100
Zine
MAT.
May
Mag
(*
30-day
New Zealand
1.01 1/32
2.8620
10-x-
2.200
$730
South AfriCO. .............
FERODO
Others unaharged.
LONDON
Cloning matér
Montreal Arreridan
UPL.
Rubber market
Singapore, Feb. 9. The markot remained un-
changed
and inactivo
until mid-morning when some federation godown liquidation SOTO short cavorers some opportunity to cover their commit- ments.
Interest in lower sheet was mall but sellers did not presa. Latterly prices rose on reserve of sellers and demand for March 1 162
Pricco continued steady in corlier part of the afternoon csalon on good trade interest for ones, twus and threer.
In Lohdan, the rubber mar ket was quietly steady-UPI.
Unit trust
First Hongkong Fund Buyer Prico
Baller Price
STERLING AREA TRADE RISES
X-
London, Feb. 10, Both imparta · and ports of the sterling aren showed
Increase in the first nine months of according to the Dosed of Trade Jourimă today.
1000,
The Journal entḍ storling ares exports word ten per cent klaber than in the corresponding period of 1958. The riso was skarbil by all sterling countries.
The value of importa into the sterling area as A whole from January to September
10 WEI
por con kher than a your aarifor-Beziose.
Exchange rates
Dünene was doom do the local Amorți cără EXODIDEO market shor marting at the following muted:
US dollar per $1) .......... Biermee eodem (per 4%) ............... Aurovitza motte (per #1) 24 Indsperma RAMONIŲ (Der 190)... MARI TEKS IN 190] Amstpore (RETENDA))