THE CHINA MAIL, WEDNESDAY, MAY 10, 1961.
Heavy trading brings
Now York, May 9,
The stock markot closed slightly higher în
heavy trading today.
The market was mixed at the opening. It remained that way unt the final hour when there was a modest Improvement in prices.
Most pains ranged from Iew cents to around one dollar
share.
•
Standard and Poor's 300 stock index rose a modest six cents 10 $00.47. The S&P 425 in dustrials gained four cents at $70:37.
577
Of 1,280 issues traded, ouvenced, 521 derlined and 200
closed unchangel. There were 110 new 1981 highs and eight new lows.
|
Atlas Cons. Mining Jalwin-Lua-Ham, Hattimore & One
k of Montreal
Bank of Nova Healin
orch Lite Guvern 14. Tol Co.
Telephone
eneficir) Finance Bendix Avtation Corp.
Benguet Cons, Bethlehem Steel Boeing Airplane Borden (The) Co. Barroughs Add Machine British Amer. Oll
Eh Columbia Pwr. Calit. Packing Corp. Cana. Bk. of Comm. Cana. Brewers Campbell Soup C Canadian Pacie H.
Case J. I) at Tractor Celanese Corp
Lo
CIT. Finnnelol Corp. Chrysler Motors Cliet Peabody Aume of The ciretrenies,
Colgate-Palmolive Co and aircraft-missiles
other Columbian Carlan Cit
Commercial Credit space age leves made good coming Glass Works
Fall won uillies, Consojiúnted raits, gains. The rubbers and drugs advanced. Consultünted Paper
Consumer Gas Steels, chemicals and peiro- Continental Can
Continental Oil of Del leums declined.
Creale 1 Crane C
The Associated Press 00-stock averuge declined 10 to 240.70. The Dow Jones 30 Industrinis were off 2.14 ut 886 92.
Volumu
tu 6,380,000 shares compared with 5,170,000 shares traded on Monday.
Zellerbach
Cuban Arer. Sugar Delaware & Hudson Co. Diamont Alkali
Diamond Nat'l Distlitero-Beogra
Dominion ent
Dow Chemical Dupont de Nemours Fuktern Air Line Eastman Kodak
gains to
Wall Street
241 MeDeano J. Bay
11 Mellonnell Aircraft 35%! Merck
National Lend
National Steel Corp.
Pormoni Pictures
1 Ateel. Co. of Carme
(479) Ullen Preide: Hathway
United Fruit
001 | United Gas Corp,
Umor Tel Co.
Wert Va. Pulp & Paper Winn-Dixie Stores
Woolworth IK. WA
Zenith Radle
2014
42
401
Steel industry London market could step up selling prices
HONGKONG
irregular in brisk trading
London, May 9.
The steel industry in Britain has a good case to step up its selling prices, Metal Bulletin sald today and tolt it likely such an ad- vance would come.
It was British
London, May 9,
STOCK EXCHANGE
Iour Own Correspondant
Business dong at the Hongkong Stock Exchange this morning | amounted to Approximately $710,000. Noon quotations and the morning's transactions: SKIRS
Stocks made a mixed showing in brisk two-way trading today. Profit takers and new buyers resulted in plus and minus marks on the list with several market leaders ending fractions 220 30 lower.
In aircrafts, the Fairey group dropped nearly eight shillings to
shilings
halt-year statement and no interim divi- dend.
Imperiant to keep the highest mille at competitive level through the need to Improve direct exports of steel. Reasonable sieel prices
export Bucce of 22 helped the
Industries an the engineering editorial said. But, it added, many of the new ecst factors for stel wore outside the industry's own control.
Metal Bulletin listed the cost increases, starting with the ad- vance in coul prices leat autumn which would add £19 milijon bills. Thern to the industry's
2
n
A newcomer, Gwent and West of England Enterprises, tack off on first dealings, soaring from 7/9 to 28/6 before settling at 25
Schweppes were shillings. standout Jumping nearly three Glaxo 30/0. to stillings went ahead with international Computers,
Among leaders giving ground Unilever, Rolls Royce, American Tobacco, British Imperial Chemical, Marks and Spencer, Electric and Musical
Courtaulds
and Industries, Woolworth.
Is viso an IXTCOSC In rates
wwe (tax) to be paid to local authorl- atties on industrial premises. 251
30%
Katser Industries
12
Kanisa C. Power & Light
Sleep Rock ......
131
Aterims Drug Co.
91
Hennecole Copper
#2!!
Kimberly Clark
Brukety-Van Camp.
27AL
Liggett & Myers Tob. Co.
BILLA
Stone & Webrier
Lily Tullp
sin::
Bludebaker-Packard Corp.
771
17TL
Sunshine Miping
0%
Litton Trid.
Bwift de Co
351; Lockheed Aircraft
Loowe blevED.
*
2015
Texas Co.
1029
431
im
Lone Star Cement Co.
6014
Textron Inc.
25
Thiokol Chem.
401
Lorillard P.
6324
a
1100 Water Gil
20
140
Lowenstein & liens.
17!4
นา
Tine Jac. .....
Trader Finance
3815 Travelers he.....
112
Tri-Cont. Warrazk
207
2017 Mesabi Iron Corp.
113
Twentieth Century Fox Fin
47
702
Minnesota Mining
Galon Carbide
1941⁄2
424
054%
Mission Development Monsanto Ciemieal Co.
292
Witen on of Cal
01
41
422 Mtorola
3115 Montzomere.
Montecatini
23d
Ulted Aircruti
Ward
31
19
1154
Nettona! Blecuit Cu.
US Gypsum
100
371
Nations Cash Reg. "A"
41
National Dalry Prod.
8
US Rubber
54
2016 Us Ameiling
131
US Stret
501
35
New York Central
181F
UB Steal 7 C. F
100
Noranda Miner Ltd.
BT
Warner Bros. ...
0112
Su
Norfolk & Westem Ry.
10%
Waukesha Motors
11'5
North Amer. Aviation
$6
Westinghouse Air Brake
17
Northwest Airlines (Com.)
29
Welingtoure Electric
67
Oklabama Nat. Gar
344.
Werterm
6714
Olin Mathieson
30%
Otovator
Owm-thals Class
Oxford Paper, Co.
73
Facile Gas &
Elec.
20012
Fon American Airways
20%
Parke Davis to,
2712
Penny T. C. Co.
4617
Pelin. Salt Cn.
432
Philly Morris
Pot
Pitney Bowes
Procter & Gamble Co.
164
Pittsburgh Plate Glas
Furland Gen
Mec.
301
Publicker Industries
Pullman
TRIL
Pure Dit
Patio Curporation
Gen. Pub, ITHIT Gen. Tel.
2014
Radio Corp. Pref.
Eler.
Koy them
Gen. Tyre & tabber
72
Republie Btec
$38% Getty Oil
16%
Reynch Melal
47
Gildden Co.
115
Byrds Tobserv
Goodrich B. F.) Co.
571%
Royal Bank of Canada
70
Allied Chemicals
Goodyear Tyre page.
7915
Royal Dutch
4115
Allied Ms Inc.
43
Great Northern Railway
48
Rheen Mg.
Als Chakra
232%
Ormanan Aircraft
311 Sears, Roebuck & Co.
co
Ai. Brake Stie
30%
42
Shell Oil Co.
American Airline
2012
Hammond Organ
34%
Sateway Slcres
47
American Catile & Recto Corp.
Heyden Newport Corp
264%
Breg Paper
American Cyunamid Co.
40
Hiram Walker
402
Schenley Inc.
Amer. Forkn. Psaver
Homestako Mining Co.
431'
Boot Paper
115
23
351
Am Gas & Electrie
07
214
Husman Refrig.
1021
Birgler Corp.
Sinclair Oil
107
Idaho Power
23%
Smith, Kilns & French
44
bulges.-UPI.
selling
40
American Meti
51
Soceny Mobiy Ou
14
Am. Natural Gas
时间
South Puerto Rico Sugar
American Sinetting
704
Southern Co. (The)
Am. Sugar Ret.
322
Inland Steel Co.
45x4
Bmthem Natural Gas
American Tel & Tel
1201,
Interchemical Corp.
41
Southern Paciße Co. –
American Tub.
Int'l Business Machines
700
Anipex
241
Int'l Horvetter....
531
Andeanda Cupper
International Nickel
791%
Planters Deinde
Artaco Slee)
75
International Paper
91
Standard Oil of Czi.
43
60
Standard Oil of Ind.
Asbestos Cuip,
202
69
Standard Oil of N.
It was The largest voluine since April 17 when 5,300,090 shares changed hands.
A market feature was Avnet Electronics which fell $9.37 19 $56.37 after the New York Stock Exchange banned "stop" orders
in the issue. Avnet has had a sensational
In rise pentha-AP.
Closing prices
Abitibi Pwr a Paper
Alden Inc. Acy.
Alga Sives Corp.
A. Home Prod:
Am. Mech. & Fary
Ammour
greent
ENT
El Parc Natural Gas Family Finance Corp.
Ft Tere &" Number' Firestone Frat Nat. City Bank
Ford Motor Georgia Pacifie General Dyades General Mectric
General Foods
General Motors
Imperial Ol
Imperial Tobacco
Ingersoll-Rand
Int'l Tel & Tel
Jahn-Manville Co.
דל
Southern Rattway (Com.)
Sperry Rand
FIRST HONG KONG FUND
SPECIAL OFFER OF 200,000 UNITS AT $1,38 PER UNIT PAYABLE IN FULL ON APPLICATION
LISTS CLOSE - FRIDAY 12TH MAY, 1961
All shares included in the Trust Fund are shores quoted on the Hong Kong Stock Exchange
Applications must
be made in multiples of 100 units, subject to a minimum holding of 500 units in the first instance
APPLICATION FORM
Payment must be made in full with this application,
To: Hong Hoog init nda Limited
7th Floor, Alexandra House,
HONG KONG.
I/We hereby apply for
units in the First Hong Kong. Fund at the advertised
price of $1,33 per unit, in accordance with the conditions contained in the offer and subject to the perme of the Trust Deed dated 12th July, 1000.
I/We enclose cheque/money order/cash for $.................being payment in full for the number of unite applied for. I/We understand that the money will be returned to me/us in full i tio Units "are
lottad.
I/We declare that I/We emfare over 21 years of age,
SURNAME(9) (In English)
(Pland state Mr., Mrs, or Blue)
OTHER NAME(S) IN TULL
ADDRESS
{KLOCK LETTERUS)
CHICAGO GRAIN
Chicago, May 9, Grain
closed futures prices irregular on the Board of Trade soybeans showing Today with 574 weakness on a flourish of selling
by commission houses.
At 0:10 point. May whcat made new season's lows on 110% Hquidation. Local buying, how- ever, lifted deferred months to above the previous close shortly before the Bnal bell.
+4
Soybeans slowed
early burst of activity. Com- mlasion house trade was mixed
2214 with longs
THE BUDGET
The government's Aprli budi- get foreshadowed three fresh ccat increases, the new tax un
Coppers were neglected while repland.
shillings.
fuel oil of which the industry is uns continued their n big consumer, Increased com-vance, Kains going pany profits tax, and the possi- Elfy of a payroll tax for every worker on the books. This last
ton, it imposed, would British steel some £4.5 militon a year.
The
cost
to tour
G-cdged cased and foreign Dollar bonds lacked features.
downwords but stocks moved
Steel and Ford went U.S. against the trend.
Leading olis were dull, Anglo- Industry
dave could some money if it was permitted | Egyptian a weak point,
Teas and rubbers held steady. to import cheap American coal for coastal plants
te European—UPI. ms were doing, the magazine said.-UPI.
UNIT TRUSTS
after an
First Hongkong Fund, dividend: 51.34 (buypr), $1.43 (seller). Special offer seller price: $1.38.
ex
the
Scrond Hongkong Fund: (buyer), $1.06 (seller).
$1
on
Closing prices
British Goyeranteni Secties 21. Consolidated-£4212. 3. Conversion-£53-3/16. 1. Savluga 1055/05-02-7/10.
Dr. Savinga 1560/10-270-7/16. 3 Savings 1969/76~£
Overscal Bonds -5. Gormon (Dawes-Ly
Asented-21094. & Insurance Barcluya Ord-92. Chartered Banks Ud. Guardias Awrence--143, 3d. Hongkong Bank-103 Lyds Bank Bd.
COMMODITY PRICES
COTTON
NEW YORK
Closing prics ell in cents per
[b.:
Spot
July
Mar
34.00 Bom
33.42
34.07
33.00
LIVERPOOL Closing prices all in pence per
May July
SINGAPORE
LONDON
05-80 BOT-0912
Lombard Banking Org-211 14. Prudential Amur. "A"-RO Toyal Bank of Canada-££6.
011 Drilah Petroleum-531 3d. Busnah 0141 38.
Ord-10ls (d,
Sholl 10.
Royal
Ultramar Company--35 04.
Steel Engineerin Babcock & Wlicax Ords 6d. Guest, Kean Orth100s 3d,
& Wolf Ord-174 d. Harder & Lloyds Ord-600. Tube investmenin 00 ct. Waited Rice
Oks, Vickers
Kloetic Autos. Elec. Industries 120 Dd.. Elec. & Mats Industries453 d. English Electric Ord. General Electric Ord-30s Dr. Pullos Lamp Works 12-17/37. Hedfusion Ord438 1011⁄2d.
Industriais
Assoc. Portland Cement 10.
Marden Ord. 78. Boardfolding)-218 317 Borex
Dunlop uzber Ori--27 04. Fisons Ord-Ta
Phares nyera Beišers,
E. $19, .... Lombard
00432
20
34
2008314
200 62
Whort Tylko XD.
410
414
100 414
30
2000 470
ИК С...
221
24.00 2100
1010 21.00
1000
2214
G00
22.00
14007816
1000 2712
100 e 22.00
2000 a 2215
2000
Wheelock
16.10 13.20, 0000 50 10.10
350
2000
1000 F
BOOK!
770
Itt Dock ..
110 111
309
C. Provident
Gilman (Holdings) Ord.-- Interpool Computers--103 34. Turner & Newell Ord-21 291. Valloyer Ord-157 41d. Wiggins Teape Ord-65x Cd.
115 c
HK Hole!..
K Land
14
IK Land
(Rights)
Younfati
1.
Chemale Imperial Chemical Ord-70 Monsanto Chemlople Oril-2 .
Paper
Bowater Par
De La Reo Ord-Ga Spierra Ord-Bla.
O:J.
J
Tobaccos British-Amer. Tob. Urd- Cl. Carreras Ord-45 40. Imperial Tobacco Orl-OUR.
72
4735
1
74
77
1000
100
130 139 300
100
200
138
Il Fram
404014
7
py
10 or 13
1000 41
Buoy 1073
DOO or 45 4000 0 40% 415
m401,
1000
Ch Light
Fx. "Diy.
SEX
Motors
British Motor Ord-10 Hawker Siddeley Ord-200 450, Jaguar Cars Ord-1005.
7.
Ros-Royce Ord~42% BJ. Westland Alvecraft-19a Bb.
IK Eloc.
23, 2016 2000 4
500
Firectford
Texilles
Calico Pyer-17 ad.
Ord Courtaulds Ord-6is &c. Fine Spinners Ord-271. Lancashire Cotton Ord-61 108. Breweries
Distillers Ca. Ord-408 10151. Guinness Arthur) Ord-51. Ind Coope Ord-243 98.
alates-031.
Great Universal'
House of Frorer Ord-97s 3d. Lyona (7) "17 Ori-1019 Bd. Marks & Spencer "A" Ordlis Tole & Lyle Oro-540 d. United Drapery Ord- 6d. Woolword (F.W.) Ord-60s 10). }
Bowmaker Ord - 20 d. Canadian Pacific Ord
Cunard Steamship Ord-17. Forestal Land
Timber-12
Hongkong & China Gas--15s,
Indo-China Det. Ord-13 od.
Land Securities Ord-35%.
P. & O. Steam Nav. Dettős Del.
Mixed Contract
24.48
21,45
24.50
Closing prices all i Straits cents per lb. fo.b. Malayan ports:
No. 1 May
0014-2015
June
23.40
No. 2 Moy
3937-00 €114-2015
No. 3 May
2014-00
104.
No. 4 May
Spet rubber unbajed
Tucson ay com coli.
Closing prices all
per lb.
No. 1 spot
Mount Tools 96.
Settlement house term:
June...
2812-267
July/Sept.
2416+2034
Jon/Mar.
2014-202
Apr/June
2015-2016
Ho Tinto (Bearer)-41 Rogn Antelope Copper Union Corporationi 31. Welkom Gold Mining-11 0, Western Holdings-104
Fly.
General maricets, c.lf. basis, ports:
June
204-202
Estate grepe
thin May
22316
METALS
NEW YORK
Closing prices all in cents per
Oct./Dec.
in pence
265-2031
Alines
De Beers Def-124 46d.
Petaling in-123 9d. Rhodesian Anglo-Amer. Ord-381.
500
200
HKC Tele.
50 5012
a. I. Comment solo 0715
Dairy Form B. Div.
Waison Allied Inv.
307% 30%
1823
4742
30.00
1000 $239
5000 t 1215
2000 @ 12%
0.35 0.80 2000 40 1,40
35 3000 34,00
Textilo
Nanyang 14.00
++
4. nubber.
GK
R. Trust
7.00
K.M.B.
8014
#7
3000 * 0,40
060 14.00
4.83 11900 @ 0%
2000 69 0.80
10000 2014
7.83 1000 or 750
1000 7.85
3083
100 1
B
10005
3830
1
700
400 V B
04
16:
American Contract
1b:
24.10
May
July
24.15
24.05
Lead May July Zie May
1.
$4.000
July
Dec.
24.05
Copper May
Mar.
24.00
July
May
July
24.95
' LONDON
Closing prices, all in sterling |
thick Bay
UPI.
FOREIGN EXCHANCE.
per long to:
AMERICAN
Дует Baller
CKS & COMMODITIES:
Тул
WHEN
spot J-month Copper
201!
842
600
241
KAT
3-month Lead
267
2134
про
001
J-month
Comada
Zinc,
spot
£31
0316
3-month
0314 8371
-UPI.
SELL
TECHNICAL
WHEN JUY
ANALYSIS
On Stock Trends
RUBBER
NEW YORK
0014
Rubber futures closing prices,
all in cents per 1.5
Research Dept. PERENNIAL TRADING CORP.
May
July
Bapt
816-818 Edinburgh House
Nov.
Hong Kon
Tel: 21064, 32304
Jan.
Mer.
CM.
May
NEW YORK
Closing rates:
England
Cilicial
30-days Australia
New Zealand
Others unchanged.
LONDON
Closing rates:
New York
Montreal
Amsterdam
Brumme)
Rubber & Tear Anglo Indonesion Plant, D. Ceylon Tea Ord238 Pu.. Imperial Tea Ord-101 Kuala Lumpur-Kapongs D1⁄4d. Lambak Rubber-15%.
-Reuter.
Exchange rates
Business was done in the bal market this unofficial exchange morning at the following rates:
Gilman
0.13
6.30
1.01-7/32
US dollar (par 913
6.733
2.7950 27920
2.237 2.7633
Sterling potes (per £1) Australian nutes (per 21) Indonesian rupiah (per 100) Bam tical (per 100) Singapore (Struita)
1,00
2.7015-2.29 2.7016-2.7813 10.04-1004 130.07-1400215 403816-10.3072 110024-11.10
Agreed merchant
rates -
800
113087
00 По
29 19 201
100007
030 O 0035 100 G 001
540 12 BOLL 4300 1,13 3000 12 81 2000 or 34 34000 0.20 30000 5.15
tco 8.20
30000 6 3.15
1000
5.20
BUG
5.13
0000
$.20
City Hotel 35%
Humphreys
30
100 # 34
100 ** 20
Jearly
H
Slar Ferry ..
2004 33%
20.30 20 2000 20
100 G 2013
2.00 2.625 000 2.00
60000 2.028 2000 $ 2.00
Conadion § Maximum Selling Lane, Craw. Dots Buying tari Invest 18.30 13.0916-13.2016 15-1/18, Minimum 14431-184317-5/16′ T.T.; 19 OD.
200 50 1 204-
52 1000 G 5111
18.40 2000 15.31
Copenhagest
Frankfurt
TEX
Blendord
Lisben
B000-80.20
30.075
30.09
Orio
20.-20.01
31.10
Paris
30.05
30,70
Stockholm
30.05
30.00
30.35 90.35 30.30
Milan Vienma Zurich
3000 15.30
72.07-72.00
Maximum Belgian France 12.00-19.109
UFT. Selling Bo1.
IK & FE
Inv.
24.70 24.90
200 14.00 500 2400
art
1000, 13.30
SIGNATURI(B)
Telephone No.
(In the cars of joint applications all persona must sign. Corporations aheuld complete under the hand of an amorised offlor WhoWN designation should be stalod)
JAL's New Service from Tokyo to Europe
COPENHAGEN - LONDON AND PARIS VIA THE NORTH POLE
in joint operation with Air France
Commencing JUNE DC-8C Jet Courier
Consult your traveL AGENT OR JAPAN AIR LINES
JAPAN AIR LINED
JAL
TAKSHING HOUSE, 20 DES YDEUX RD. C. TIĻ,28043 (S LINES) PENINSULA HOTEL, KOWLOON. TEL.60660, 64995