Poge 2
THE CHINA MAIL, FRIDAY, APRIL 28, 1961.
WEEKLY REPORT ON THE HONGKONG STOCK
EXCHANGE
Wall Street turns
THE MARKET BRIGHTENS easier on closing
HK Bank
Lombard
HIK Really
a glance
Dividend
Slump is checked
spate of sales
New York, Apr. 27.
as 'reinvestment Stocks turned easier and more active in a closing
✰
The share marked at
at a
March 28 Agri A
*28.
April 13
April 20
April 27
Un pr Down
440*"
430.
414*
*30*
+10
* Bonus
$60"*
Yield (%)
2.5
49
49:11
51.
4Dn
$2
Wheelock
14.10
15.80
15.30
14.80
18.00
+800
000
UK Wharf
370
430xd
414xd
382
380
++
$12
3.1
HK Docks
13#
118
139
110bxd
118xd
8
94
34
Talkoo Docks
1514
13
7035
TH
+4
58.20
4.1
Provident
29xd
3014
20.10
28.00
20.30
4700
$1.30
4.4
ink fotein
46 ex ait
4032
4034
47
4834
+144
HK LandЯ
731%
TB
74
201
4214
52.40
3.1
2.315 cx rtu 2.40.
3,30
2.40
+100
13.750
12%
30
3741
37
3014
+214
82.05
204
204
202
200
204
810.00
132xd
133xd
136
133
140
60.50
6.8
Ch Light
33%
3741
3ዐ
35
374
+234
$1.30
Electslen
361%
7814
17
3516
3744
$1.70
4.5
HK Telephone
4312x
4531
40%
40%
4914
$1.75
3.0
G. I. Cement
66
67
00%
66
AF14
64
Dairy Farm
40
39!
304
3814
JA
+750
5.2
A. S. Watson
48
47
46bxd.
4314
40%
+-25c
82.50
5.2
471%
5114
5014
Gis
41
$2.75
15.3
commun stocks.
14.805
14%
14.20
14.209
143%
+-300
750
5.1
11.80
11.00
11.50
1114
13.30
$1
8.3
18.20
21.30
21.70
21.70a
31.30
-400
90¢
Textile Corp
8.40
B14
8
8.20
+20c
800
Nanyang
14.80
14.40
14.30n
14.30
steady
$1.10
•¡Sub-divided into five shares)
HK Trams
Htar Ferry
Yaumatis
Lane, Crawford
Int'l Investment
Allied
BK & FE Inv
**Before b-division of sharez)
Paper industry optimism London stocks gain
#month
Dayton, Ohio, Apr. 27.
he
10
A general recovery in business conditions which
believes started
ago has given rise optimism in the paper industry, Mr H. E. Whitaker, chairman of Mend Corporation, toll the annual meeting.
other paper leaders has indicated a marked
While declining to predjet The earnings of the Corpora-
12 tion in the
weeks ended Mead's second-quarter eurainās, Mr Whitaker Full discussion March 19 were $2,474.702 or 46 with
industry cents a share on total revenues of $74.730,010. This compared with 52,982,147 or 50 cents change in attitude in the pastshore on revenues of $79,470,462
"Almost everyone | a six weeks.
year cariter.-China Special. Is optimistic," he said,
PASSPORT
TO SECURITY
Aviso Lestor E24
BANK DEPOSITS WITH LOMBARD DANKING cam a steady 6% faterest in assured Security, without deduction of United Kingdom income tax Ask the Manager of your local Branch or write to the General Manager at Head Office for your copy of "Bank Deposit Account" Booklet No. Á.Q 74
Assets Exceed £100,000,000
Open a
6 BANK
DEPOSIT ACCOUNT
whit
LOMBARD BANKING
LIMITED
BANKERS
Head Office:
LOMBARD HOUSE
CURZON STREET, PARK LANE, LONDON, WI
GRO 4111 (30 lines)
A World Wide Danking and Finance Organisation
on buying wave
London, Apr. 27.
Another buying wave lifted prices today with a stock
shortage helping the broad-boses pisos,
Mall
In- Boosting demand were proving output and orders for engineering and electrical firms, more good results and the
Bov crament re-affirmation of keep- the ing capital investment on upswing
Many blue chips sparkled. Imperial Chemical jumped 2/3
to 70/8--a new peak. Untlover gained a similar amount helped by news of the group's American jee-cream acquisition.
Other top-quality leaders on the upswing included Courtaulds, British Amortenti Dunlop, Tobacco, Metal Box, Associated Cement and Glaxo,
Breweries, stores,
stects, textiles, building and property shares all joined the boom. Only banks reacted after
firm សង
start.
Investment buying kept gilt- edged firm. Dollar stocks opened uncertainly, but later some favoured the plus column enced by International Nickel 2 points up.
Foreign bonds were UPI.
Closing prices
Idle.-
British Government Securities
Cor.solated-£125.
1 Conversion-CP-11/15. 5. Savings 1953/03-92-3/32. 3. Savings 1900/70-£71. 3. Savings 3905/75-£724
Uverseas Houds
5 Gernian (Dawes -£94. 5. Jaunese, Assented-£139 Banks & Insurances
Barclays Ord-bis 20.
hovered Bank-5. Guardian Assurance-1505.
ungkong Bak-10.
Lloyd Bark-93% BJ
Lombard Banking Ord.-21. Pridentini Assur, "A"-£23%.
Olla
British Petroleum-638. Durah 1-43 d.
Ord-150
Shell/m£104-
Xoyal
Ultrajnar Company- 4150.
steria & Engineering Babcock Wilcox Ords. Guest, Keen Ord-1009 04. Horlama & Wolf Ord-104 Bd, The Investments-04 United Steck-01a. Vickers Ord-36# 3.
Klectric
B.
Fice. Industries-434 6d. Alske. Elec. Mun. Industries--491 28. Engik Electric Ori-3. General Elecule Ord-16# 34. Works-1135.
Philips Lapatitals
Portland
Assur.
450.
Coment-es
Boardman Marden Ord-6 Dd. Borax (folding)-21. Dunlop Rubber Ordt-288. Giman Holdings) Ord.-5x 4ijd. Tumer & Hewall Ord.-17 Dd. Unilever Ord-168%.
194.
Wiggins Tespe Ord.
Chemicals Imperial Chemical Ord-70s. Montanto Chemicals Onl-359
4156.
Paper
Bowater Paper Ord-81x 34. De La Nud OrdGx G
Tobaccon
Brits-Amer. Tob. Ord-791. Carreras "13" Ord-45 d.
Gallaher Ord-478 4350. Imperial Tobacco Ord-TO___
Distan British Motor Ord-11 feld, Hawker Siddeley Ord-314 30. Jaguar Carys Ord-1000. Holls-Royce Ord-10# 7:50. Standard Triumph-12ts loud. Wentiand Aircraft-107 4:34.
TEATTED
Calico Printer Ord-15 4750. Costs (3P) Paton Beldwin- 64 74.
Courtaulds Ord-46 34. Fine Spinero Ord-7a. Lancashire Cotton Did-635 64. Bruwettes
Gulances (Arthur) Ord-57, d. Ina Coope On 22 $0.
Storet
period' ends
spate of sales today" after holding steady through most of the session.
Low-priced and
speculative Corning Glass Works
better performance than many
Issues Included
Consolidated Ellison Consolidated Paper Consjuentat Can Continentst Du af Det.
of the quality Industrial | Creole Pet...
the Dow Jones
average
which showed
£1
The local stock market brightened this Les generily turned is a
week, ending on heavy trading which saw prices improve in all sections. Hongkong Banks, closing yesterday at $180, led the advance with an increase of $16 compared with the previous week's price.
among
gol-
moderate decline.
Except for the first half hour
Cuban Amer. Bugat Delaware & tidron Co. Diamond Nat'l “........ Distillers-Seagram
Dominion Stores....
and lite non minutes of trading Dupont de Nemours
Eastman Kodak
El Paso Natural Gas
Ferro Corp.
as
0
Georgia Pacifie
General Dynamics
General Elecute
General Fooda
General Motors
tickers kept pace high speed
floor transactions with
decilned roughly Cains of more than $1 were | Board was full to overflowing in volume the other many sections, and shares which quarter
Cum- mülion shares had for sometime remained pared with yesterday, quietly undisturbed were vanised into full and vigorous While stects, motors, chemi- Gen. Tel. & Dec. life. Banks led the advance and calls and pircrafts weaken-doodyear Tyre.
Great Northern Railway rose steadily to $430. Turnover ed in the inul minuts, coppers drumman Atrerail was approximately $8,100,000.00. added to their cariler galna as
for hopes again ran high boost in the domestic refined red metal price.
The market rase in spite of or perhaps because of applications pmounting to millions of dollars in a new share offered to public by the Kowloon Bus Company Limited,
the Motor
✡
The KMB shares will absorb $45.400,820 (783,700 at $50 share). However, the applies- tions, which closed at 9 pm yes- terday, are believed to amount to several times the total offered.
will company
Allotment of the shares be announced by the later.
Ope stockbroker attributed
the rise in the market to the completion of the "reinvestment stock- He said any
the period." holders sold shares to buy new KMB issues, thus calising a brief slump in prices. The new shares also acted as a stimulant
to the market.
Besides Banks, the bares which showed good gains were
Wheelocks. Trams, Lands, Electrics and Lights.
HONGKONG STOCK EXCHANGE
at the Hong- Business done
Stock Exchange this kong
a
Gulf Dr
Bammond Orgen
Eliam Walker Huisman Refrig.
Idaho wer
Importal Oil
Today's volume was 4,450,000 Imperial Tobacco
shers.
Of a total 1.232 shares traded. 541 were higher and 553 lower. American Exchange volume was 3,540,000 shares.
Bonds volume amounted $5,030,000.
Dow-Jones closing 30 Industrials
20 Railo
15 Uthítics
05 Stocks
40 Bonds
Index
morning amounted to approxi- Comum future price mately $4,810,000. Noon quota- ttons and the morntug's tran- sactions:
On the China Mall list, shares rose except Lombards and Far East and Hongkong
Lon. Reg. Investments, while Nanyangsa remained steady,
92295
averages:
Closing prices
Abitibi Pwr. & Paper
Interchendoal
Corp. Int'l Businem Machiner Int'l Harvester ... International Nickel
Int'l Tel & T
Raker Industries Kennecoft Copper
Liggett de blyer Tou. Co, LG Tulip
lo Lockheed Aircraft Loews Incorp.
Lone Star Cement Co. Lorflard P.
McDermott J. Ray
679,54 Merck
141.74 Monsanto Chemical Co.
Montgomery Ward 111.73 National Blacuit Co.
National Cash Reg. “A 35.58 National Lead
National Steel Corp. New York Central- Norenda Mines Ltd. 148.17 Norfolk & Western Ny.
North Amer. Aviation Northwest Airlines (Com.) Okishima Nal. Gar Ota Elevators
Shares Buyers Sellers
NK Dank..
Salet
430
430
40 432
110430
all
( 430
Algoma Steel Corp.
434
Allied Chemicals
5724
432
Alled Milts Inc.
40
310
Allis Chalmera ..
25%
Am. Brake Shoe
H20
Am. Cable & Radio Corp.
400 * 2015
American Cyanamid Co.
4475
1000
70
Am. Hame Prod."
2101
to $8,100,000 yesterday, bringing
400
01
American Metal
20
2001 34
Ain. Natural Gas
American Smeling
The volume of business rose
Whart
Talkoo
די
the total for the 4-day week IK Gay XD 21.70 21.90 2000 22 under review (Monday to yes-
Greis Universal Ord-81s, Marks & Spencer "A" Ord-510lerday) to $21,000,000 compared with about $20 million for the previous 2-day week.
are & Lale Ord-21 7- United Drapery Ond-75s "3d. Woolworth (W.) Ord-30s 3.
Miscellaneous Bowmaker Ord-258 7350. Canadian Pacine Ord-4431),. Land & Forestat
Timber $49 Hongkong & China Car-15a. Hudson Day Co.-29-23/32. Indo-China Def. Ord-23*. P. & D. Steam Nav. Det 3d.
De Beer D-120 34.
MOUTH IC12s 3d,
Petaling
d. 94.
Rio Tinto (Bearer)-448 Roon Antelope Cooper-i Union Corporation-44% 111⁄2d. Welkom Gold Mini 3 Western Holding?-114_716A.
Rihters & Tear
Anglo Indonesian Plant.-Je Bd. Crvlon an Ord–294. Imperial Ten Ort-15 Kuala Lumpur-Kögong-1 11 Lambak bber-559,
4.
--Reuter,
Rubber review
Singapore, Apr. 27. The market ruled very quiet the opening with fluctuations small and sollers reserved.
of
Interest in lower sheet timited to some three and four
Key.
Markot diary
Monday: The market looked up this morning and the week opened with selective but com- petitive buying resulting in some useful gatris. Utilities were done In some volume, Yaumatis and Trams showed the best improve- ment. Banks also improved and remained steady. Turnover was approximately $5.700,000.00 and the undertone remained very streng in splle of some profit taking of the better prices.
Wheelock
500 21
$09 (21.40
100 22
500 21.00 1500 e 1.70
1315 30.70 15000 15.70
American Tel & Tel American Tob. Ampex
Anaconda Copper Armour pass Asbestos Corp.
HK Dock XD 118 Provident
HK Hotel..
HK Land
}
י!
Tuesday: Trading during the whole section was steady but Yaumati cautibus. Buyers were promin- eht but obviously looking for Tram bargains. Sellers wailing for reasonable prices held off. Con- sequently the day finished with a plethora of buyers and a no- ticeable obsence of sellers. With this background price changes Inevitably were slight. Turnover was approximately $4,300,000.00 on a background of strongib and optimism.
C. Light
$300 if t
2000 15.6)
B.C. Tel. Co.
Oxtort Paper Co. Pacific Gas & Telec Pan American Airways Paramunt Pictures
Penny . C. Co. Pinew Bower
Procter & Gamble Co. 4513 Portion Gen. Elec.
By: Pullman
CU
Radio Corporation Radio Corp. Pret.
Raytheon ****
Republic Size) Reynolds Tabacco
534
1231
Royal Bank of Canada
Royal Dutch
25
Safeway Stores
307%
Schenley Inc.
495
Biegler Corp.
2741
Sinclair Oil
·2000 F 15.60 1000 15.70
Ballinore & Ohio
30%
Amith, Kline & French
Bank of Montrea!
023%
Soceny Mobil Ol
1000
12
4000
Bank of Nova Scotia Bergh Life Savers
731
Southern Padsle Co.
BIL Standard Brands
Bell Telephone
4735 50%
Standard Oil of Cal.
Standard Dil of Ind.
Benguet Cons
1
Standard Oll of NJ.
Bethlehem Steel
401
Steel Co. of Canada
Borden The) Co,
6414
Stone & Webster
Burroughs Add Machine British Amer. OIL .... British Columbia Elec. British Columbia Pwr.
3412
Swift & Co.
3016
Texas Co.
4572
Textron Inc.
osta
Thlake Chem.
231
Tradere Finance
7042
Travellers Inc.
43
120 400 120 29 29.00 2000 or 20.70 530 * 29.00 2730 201 472% 40% 300 433
500 $ 1000 úr 40 1000 77 2000 - 76 400 73 000 77
7011⁄2 772
140077 2000 77 200 33
(a) 1
04
137 52
Bo 6 5712
L39
140
50 140
100 140
30 A01
3100 Gr 3924
100 6 30
2100
F
2003 Fr 37!2
7600 6 071% 2000 3715
Call. Packing Carp. Cans. Bk. of Comm. Canadian Pacific B. C.J.T. Financial Corp.
Chase Manhat. Bank Chrysler Motors
Cluett Peabody
מא
Allied
Textile
0.20
Nanyang
Electric
37% 37%
600 30
1500 381 1000
A. Rubber
XD
0.02
R. Trust
38!
City Hotel
1500
2000
100 281
Really
Wednesday: The market was again strong
and gains out- numbered losses. Price move- inents were not large but some shares made a more definite ap- was peal than others. Wheelocks rose
$40 while Gas shares were ca- Telephone. to $15.20, Telephones touched gerly sought at enhanced prices Bading few sellers. Trams were Utilities popular among the which appeared to be the most favoured section. Turnover was approximately $3,500,000.00.
Thursday: In spite of the fact that several mililons of investors locked up in money is today In London, the rubber market applications for Kowloon Motor ('was steady with spot 1⁄4 higher Dus shares the Exchange ex-
to 20-13/16 peace.
one of its strongest perienced In Amsterdam, the market day's trading. Not one single lass was steady today-UPI.
registered. The Trading Dairy Form
Selling
Prices in the afternoon moved erratically on commission houso buying
at 91% cents halted rise and prices then cascú. Lowers were in small demand with sellers at rather narrower differentials.
WOS
Cement
200 & 39!!
4715
Endebakar-Packard Corp.
Sunshine Mining
710
1300 3912 150 630 100 3914 37% 375 1000 374 8200 37%
600 373;
3500 37
200 375 500 2 37% 500 371%
Watron
Ris.
0115
3915 2014 2000 40
301
100 e 40
500 F 30%
Inv: 11716 500 12.20
1000 12.20
9.30 1000 0.30
Д10 8.20 1000 8.15
32
2.40 2.45 20000 2425
25000
10500 2.40
-5000 62.425 10 356 2 870
Int'l Invest. 14:45 14.70 1000 14.00
H.K. A FE.
Invest....
Gilman
21.70 1500 14 21.70
4.60 4.025 0000 4.83
Tri-Cont. Warrants Union Carbide
Tinion. Ou of Cal. Union Paelle aitway United Alrealt 118. Gyomin
11.5. Rubber US, Smelting US. Step
TS. Steel 7 P.C. P.7. Wamer Bros. ..... Waukesha Motom Westinghouse Ale Brake Westinghouse Beetle West Va. Pulo & Paper Winn-Dixie Stores Wentworth (K: W.) Zenih Radio
UNIT TRUSTS
First Hongkong Fund, ex- dividend: $1.32 (buyer), $1.40 (seller) Second Hangkok. Fund; 93 cents (buyer) $1.03 (seller).
Exchange
Business unofficial
rates
was done in the exclsange market morning at the following rates:-
50 GOLS
500 49% 2103 4 00 1000 A GO
3000 BRIS
1000 A BO
700 se 5015
600 64945
75 50
500 G 40% 4700 / 50 400 kr 50 500 5014
100 € 50
Sincere....
stope Humphrey
Star Ferry Metal Ind.. Line, Craw. Asla Nav.. 1. Water
Boat... Entertain...
GB 1000
65
400
00
200 $75
1000 & 48
+
2000 # 7
37
ão a 321%
2000 * 1.875
10000 470
4000 4.655
14000 4.65
0000 H 1025
.70
·1500 + 7,70
7.70
3000
7.00
local 17110
20.30 201
1.50
U.B. dollar (por $1)
5.543
54
szerling 'notes (per 211 ****
13.00
Australian notes (per 411 ...
12.05
Indonesion Tuplah (per 100).
31
Slam cols (per 1001 Singapore (Straits)
3.20
26.03
1.00
JAL's New Service
from Tokyo to Europe
COPENHAGEN · LONDON AND PARIS VIA THE NORTH POLE
in joint operation with Air Franco-
Commencing JUNE DC-8C Jet Courier
JAPA
AIR LINES
JAZ
CONSULT YOUR TRAVEL AGENT OR JAPAN AIR LINES TAKING HOUSE, TO DES YOLUX RD. C. TEL.20043 (5 LINES)
PENINSULA HOTEL, KOWLOOH. TEL.59800.64093
701