WEEKLY REPORT ON
MARKET
Only a few stocks
stay firm
The local stock market drifted lower during this shortened business week. Business was closed last Friday and Monday owing to the typhoon weather and the Whit Monday holiday respoc- tively.
Trading opened steady on Tuesday morning but eased a little at the close, although the under- tone was strong,
There were further declines (11) Wednesday and yesterday morning but prices hardened at the close of business,
Hongkong Banks went down to $414, the lowest level since live weeks ago.
New York
cotton market
Now York, May 25, Trade and spot house buying
in the nearby July do livery climaxed on other- wiso quiet and featureless trade in cotton today.
futures
or
The few shares to remain Cottons, the strong were the Investments and Star Ferries.
Volume
of business for the 3-day week amounted to about $17.040,000 compared with $30.- 200,000 for the previous 5-day werk.
Market diary
Long
✩
THE CHINA MAIL, FRIDAY, MAY 26, 1961.
THE HONGKONG
STOCK EXCHANGE
DRIFTS
HKC Bank Lombard
Wheelock HK Whart
HK Docka
The share
Talkoo Docks
Provident
HK Hotels
UK Land
HK Realty
HK TramN
Star Ferry
Yaumatis
Ch Light Electrics
HK Telephone
G. I. Cement Dairy Farm
A. 8. Watson
Lane, Crawford
Int'l Investment Allied
IK & FE Iny
Textle Corp
Nanyang
HONGKONG
LONDON
STOCK
MARKET
LOWER EXCHANGE
market
May 11 **430*
May 18 420*
a glance ★
Dividend
& Bonus
800**
13.750
Yield (%)
2.0 4.0
J
£Our Qün Correspondent:5
MIXED
Legden, May 25.
ond
Business done at the Hong Buyers held back today in kong Slock Exchange this to appro- amounted morning ximately $4,700,000. Noon quola- tions and the morning's irana- actions:
Bbarer Buyers Sellers Bales
110 4FD 743 p 418 200 418
1 Bank..
k, E. Sin
1200 - 73
TO 2034 v 50
73
21.00
ad
April 27
May 4
May 25
Up or
Down
430-
430*
414*
-12
40n
50
51
B2
40
$2.25
15.00
14.00
10.40
10.00
10.80
-200
600
3.
380
408
408
392
зав
$18
3.1
118xd
78
130xd
110
110
114
54
3.5
70xd
2616x
2436
73
*$3.20
4.2
20.30
013
3419
34
42-4
$1.30
4
UK lank
Lan, Rex.
4814
4814
4754
47
40%
$3
&.1
TO
ศร
7014
75
74
$2.40
3.2
2.40
2.45
2.60
2.770
201
3914
3014
4054
3034
381
$2.05
$72
Wharf Co.. 303 Tatkoo Dock 7239
201
208
201
204
214
$10.50
5
140
130
136
130
135
$9,50
1 Gas 214
4.5
3714
3721
38
3714
JOM
-500
$1.10
3
371%
18
3814
372
3791
steady
$1.70
4.5
Wheelock
10.00 10.00 1000 10.70
404
13
B014
54
521
-14
91.75
3.3
6714
0814
07
6014
6614
steady
54
5.0
HK Dock
30
3914
39
41/
3914
-2
$2
5.1
Provident
112 334%
114
1030 er 113
1000 331
44b
40
等
40
40
----500
$2.50
3.2
H Hotel
- 4014 482
53b
0219
513%
BO
6136
-4-1
$2.75
5.3
1414
14.70
15
15.70
15.70n
steady
150
HK Land
12.10
12.40
12.60
12.40
12.40
ntendy
$1
8.1
28.30
21
25
20.00
28.401
-200
000
3.4
8.20
8.30
8.30
81
-5c
800
0.7
400 74
14.30
14.70
14,90
15.10
+20c
$1.10
49
3000 40
Youmati
138
1700 or 135
200 ur 135
HK Tram..
30 3016
100 + 130
350 33% 500 - 30
*(Sub-divided into five shares)
**(Before aub-division of shares)
8.40 14.00
WALL STREET STOCKS
New York, May 25.
Stocks declined moderately today, closing at their lows while volume slumped to a new 3-month low.
The Dow-Jones Industrial | Cat. Trector
lower, chiefly average pointed
around
DECLINE
South Puerto Rico Sugar Southern Natural Gar
Twentieth Century Fox Film
45% Union Carbide
Union Oil of Cal
Union Pacifle Raliway United Aircraft
82 United Fruit
35
Poni,
Consolidated Paper
Chrysler Motors Commercial Crea Corning Glass Works Carsoldated Elisuu
439
-10x
Southern Pacific Co, Standard Brans
170
12%
Standard Oil of Cal. Standard Out of Ind.
sa
42
and
Consumers Gas
223%
Creole Pet
35
Crane Co.
Disillers-Seagrams
Tuesday: After the typhoon cun holiday rest the market opened selective but strong. Very soon this strength spread until the trend was general throughout the market. Wheelocks soon left the $17 much behind while Reales reflecting declines of notched up $2.00 which is their two points in a variety of blue
includlag Du highest Ex Rights mark. The chips Cutton group showed a healthy Owens - Illinois
American Telephone. trend throughout. Nearly ali stocks lost some of their early gains towards the close, but the undertone was strong till the
Turnover was end. $3,200.000.
Glass
The dedine in the more com- prehensive Standard and Poor's index
reflecting was limited. approx.firmness
in heavily weighted drug and defence issuCI.
were shaved in the Anal hour.
Today's volume was 3,700,000 shares.
volume
Of a ictal 1.274 shares traded, 543 wore higher and 483 lower.
American Exchange was 1,850,000 shures.
Bonds volume $5,770,000.
Wednesday: The market was The latter were aided by the generally easier in this hol day's trading, nearly all stocks President's request for a further space and military being affected by the quiet cun-bust in At the close the st raled 11ditions. Prices did not change to spending, although point-sized higher to 15 points lower. They marked Pegree but the common carly in the day,
itp one to uit trend was downwards in a day märkel opened five points, New Orleans closed of comparatively light trading. Bus shares were done at $80 in up four to 11 points.
small volume, the only stock considerable Tate improvement reflected a showing any
Turnover lack of selling, pressure rather volume was Healty. than
was approx. $3,140,000. any urgent demand.
Thursday: The easier condi- from trade buying of a round; several hundred bales in the tions which prevailed in yester- day's trading continued during nearby months.
Dow-Jones closing averages: the morning session, but, just
30 Industrid.. 090.16 of 6,38 before the mid-day recess prices
Ralls.....
45.56 of 0.02 hardened and in some enses the
Uttles.. 113.33 off 0.32 trend was roverted particularly
65 Stocks. 230.95 on 153. In those shares in which the
Ten mast active stocks, traded volume was considerable. Buyers
on were in
the New Yerk Steek during the afternoon
but solters were Exchange today, siles, eloxings ascendancy.
hopin for better and not changes respectively: caulicus,
such a state uti 30,200 Graljam Paige 2% up prices which
Turn- affairs usually produces. over was approx. 50,500,000.
of
Absence of any particular ex- port activity. and reports generally favourable crop pra- grees in the Mississippi Valley, attracted market Interest.
Government owned and con- trolled cotton stock as of May 19 approximated 2,103,000 bales agonst over 5,000,000 Sales held in late January. According to the New York Colton Exchange,
--UPL
The Seal
of Security
However much money you have to invest, you seek Security as well as a good return. Lombard Banking offers both. 6% interest per annum is coupled with the finest Security as well as Availability.
A Lombard Banking Deposit Account brings you Interest payablo twice yearly.
ASSETS EXCEED £100,000,000
Interest pole without deduction of United Kingḥan Income Tax Write today to the General Manager for your copy of **Basta Deposit Account” Booklet No. A.Ö. 74.
LOMBARD BANKING
LIMITED BANKERS
Offer
LOMBARD HOUSE
CVAZON STREET, PARK LANE, LONDON, WI
UND 4131 C20 times)
A Woršāmatu Dunking wet l'hasco Organisation
.
20 F
Dow Clichalcal
Dupont de Nemours Eastern Air Libe
Eastman Kodak Ferro Corp.
Ford Motor
Georgia Pacific General Electric General Foods
General Motors Gen. Tel. & Elec. Getty Ol
Goodyear Tyre
Grent Nordiern Railway
Grumman Aircraft Cute Of
Hammond Organ 11tram Walker
Hunan Refrig. Imperial Oll
Idaho Power
Tobacco
merchendest Corp.
International Nickel
Kaiser Industries
Int Business Maulineu amounted to Int Harvester .............
Int'l Tel & Tel
78,700 Gen. Moters 44 eff $1,400 Amer Airline 27 up 1. 51,100 Am Tel 119% off 2%. 45,180 STD OR NJ,453⁄4 up3⁄4. 33,000 Sou Am Gold 9 up 2. 37,500 Bell and Howell 60 up
¡ 194
4.
30,200 Lockheed Air 421 Of
35,400 Aveo Corp 19% upla.
32,200 Alleghany 13 up 9.
Closing prices
Abitibi Pwr. & Paper
Alden Ing. Avy
Algon Steel Corp.
Allied Chemicals
Allied Milis Inc.
All Chalmers
Am. Braku Strue
American Aldine
Am. Cable & Radio Corp.
Aneficen
Aut. & Foren Co.
Am. Home Prod
Power
Am. Mzot. & Fury America. Melst
Am. Natural Gas American Smelting Am. Sugar Ret. American Tol & Tel American Tub. Anaconile Copper Annour
Asbestor Corp. Atlas Cans, Mining
¡ faltimore & Oilo
Hank of Nova Scotla Beech Life Savers n. C. Tel. Co. Belt Telephone Bethlehem Steel British Amer, Of Bellish Colunilla Pwr. Cana. Brewers -- Canadian Pacife R
Kennecot: Cepper
Lily Tilip
tion Inf.
Lockheed Altgrafi
Loews Incorp
Lone Star Cement Co. Lorillard P.
McDermott J. Ray
| Merck... Minnesota Mining Mton Development Montgomery Ward National Cash Reg. National Dairy Prod. National Lead National Steel Corp. New York Central
Norfolk & Western Ry. North Amer. Aviation Northwest Airlines (Com) Oklahoma Nat. Gaa
Otta Elevators
Oxford Paper Co.
Prette Gas & Elec. Pan American Airways
Paramount Pictures
Penny . C. Co.
Pitney BowTM;
Portland Cen. Elec.
Pubileker Industries
Pullman
Raytheon
epublle Steel
Standard Oll of N..
Steel Çe at Canada Sterling Drug_Co.
#15 Stokely-Van Canıp
Store Webster Studeniker-Packard Corp.
Scrine Mining
41
762
207
27
Swut Co.
110*
Texau Co.
177
Textron Inc.
677%
7334
Tiloko Chean
Tule Water Oli
65% Travellers Inc.
EAU
401
40314
1201
4214
Til-Cont. Warianty
Rubber
#TU.S. Smelling
041X2) US. Bizel 7 F.C. PF
275. Steel
Warner Bros.
Waukesha Motors
10
4211 Westinghouse Air Brake
Westinghouse Electric 2015
West Va. Pulp & Paper
Winn-Dixle Stores
Woolworth (K. W.)
*
12215
Zenith Radia
World rubber
Now York, May 25. Rox rubber futures today closed five to 20 points higher with sales of 28 contracts.
Standard contract closed fvc 1c 20 points higher with no 24 sales reported.
G&
5214
酒
91
May contracts, both Rex and Standard, went off the board at
noon.
Although
quiel, letminal market pricus ruled stady after In hesitant start influenced by
seller cautiousness in face
10% the Impending long weekend 40% holiday and reflecting favour- able automoblie production re-
10016
201
34
07
Parted
3314
2046
50
C. Light
73% 7415
400 73 100 21.00 1000 31,70 1000 S
BOU de 21 da
£1000 $ 10.00
500 234
2000 M2 4855 100 77415 400 74 200 ji 7494 200 úr 24
60 7455
3000 or 3015 200 or 2015 37 371 1500 21 2032
HIK Elec...
33 384
HK Tel.
4500 & 37
3000 or 37 2000 on 37% 300 or 3715 5003714 0000 371⁄2 4500 or 273% 100 3710 200 31. 1000 30
2500 64 3042 1003015 7732 64 38! 1000 60 381
100 3915 600 38
200 0 50 15300 3011⁄4
10030
53 6315 3500 or 5375
3000 or 531%
Eno 54
20 102
200 or 97 300 + 99%
200 33
200
54
2011
Cement
Dairy
001 07
1200 07
751%
100
Watson
45% 40%
-UPI,
Allied Inv.
Textile
C
Chicago
grain
Nanyung
A.
Rubber
500 50
12,40 4000 ** 12.40
8.30
15 15.10
0.10 5.50 0.04 0.15
24 4.770
R. True: City Hotel 33 Really
Chicago, May 25. Late profit-selling topped most grain futures from their highs on the Chicago | KMB Board of Trade.
At the close, wheat
#1 8116
was off
Star
Terry Lane Craw Guman
511 021
to 1; corn up to cats Un- unchanged to up : rye changed to off : soybeans off 2% up 4, and drumed lard unchanged to eff 2 points.
Exporters said Brazil bought Kelantan 3.730,000 bushels of hord wheat. Other countries were expected to enter the market Wheat closing range off to t cent.-UPI
Revenue
soun.
New York, May 24. New car
Hertz production in the
Corporation revenues U.S. this week, estimated by are expected to reach a record trade sources at 123.184 unite, of around $140 million for the will be the second highestyear against a volume of $125.0 volume for the year to dale, million last year. Brokers reported limited offer- ings in the shipment market. local Spot market also ruled quiet with spot No. 1 Rss quoted 315 cents, nominal.
In London, the rubber market was inactive with spot quoted nt 20 penec.
Pure OF...
$36%
Radio Corporation
The
7!
Radio Corp. Pref.
73%
3
なが
01
4414
2715
40% Ilovat Dutch
23
10
Saint Reg. Paper
Heynolds Metal
floynolds Tobacco
Safeway Stores
45xd Selenley Ine.
22 Scott Paper
270
53
Siegler Corn.
Sinclair Oll
30% Socuny Mobil 0711
AZER
70
AMERICAN STOCKS & COMMODITIES:
SEILL
WHEN
BUY
TECHNICAL
ANALYSIS
On Stock Trends
Research Dept. PERENNIAL TRADING CORP. 018-818 - Bdinburgh Itoyae Tel: M 2164
20
In Amsterdam, the closed unchanged today.
market
Singapore market closed to
12 day because of a local holiday. 474-UPI.
The chairman told the annual meeting that despite the slow start of the first quarter the company felt that i would be custdinary able
to maintain margins of proton is volume and there was no reason to believe that 1981 could not be a record year in earnings ar well as revenues
Int'l Invest. HK & FE
Inv. Humphrey
*** 2.00 15.00
20 24.30 20.40. 20!
1000 94 500 G 8.30
500%
000 15
1000
333
15.10
15
1000 $ 15.10
£000 07%
02533
1000 co 2.00 22000 / 3.775
0000 234 350003.715
1000 or 2,00 1000 2,80 15000 2.175
BO BU
400 0 2014
200 or 8111 120
2500
100 22
1000 @ 3.30
1000
76.20
2000
1000 rt Bị
3000 à 2.80
US. INVESTMENT QUOTATIONS
The following are US, In- vestments ра in American dollars Buyers prices include commission:
Agligted Fund A: BUR. Shre
Além Doy, Mil. 242, Hought ir
Dülgk" "Fund Canada con Fund..
He added that the company
--China Mail Special.
had no plans for a Steak spilt. Commish Block
COMMODITY PRICES
COTTON
NEW YORK
Closing price all in cents per 1b.:
Spot: 34.25 nom; July: 3234: Oct: 34.12: Dec; 34.55; Mar: 35.00 May: 35.31 July: 35.24; Sept: 34.15
LIVERPOOL
Closing prices all ip pence per
American Contract
May: 25.00; July: 24; Oct: 24; lea: 24.30; Mar: 21.65; May: 24.89;" July: 24.00
Mixed Contract
May: 24.23; July: 2435; Oct: 24.45; Dec: 24.50; Mar: 25.00; May: 2525; July: 20.533.
-uri.
RUBBER
Rupbet fitures closing prices,
Sellers Buyers 8.31 0.20 4.07 4,90
9,53
restricted trading industrial stocks failed to zot a definito trond. The list wore a patchy look by the Anal bell.
Sicels chided and engineer- ing stocks were mixed but Rolls Royce. Added
few pennies on the strength of Western Germany's new urnis orders.
Chemical Imperial gained 3 pence to 70 shillings and British
Corp, Molor hardened. Unilever lost ground, Courtaulds, Imperial Tobacco, Dunlop and Woolworth shaded.
Rubbers and teas held steady. -UPI
3
Closing prices
British Government Securities 215, Consolidated-413. 315 Conversion-£39. 3, Having 1055/85-9214. 3 Roving 1900/70-7 3. Savings 1905/75-72-1/10.
Overseas Bandı 5. German (Dnwea)-CO!S.
Japanese, Assented-Lisata
Banks & Insurance Barclays Ord-920 D. Chartered Bank-40 415. Guardian Auraice-1 . Hongkong Bank-19. Lloyds Bank-74 34.
Banking Orl-22x 4.
Royal Bank of Canadaam E 20. Royal Insurance Ord.-170
D Acquir. "A"~~~£27-3/16.
011
British Petroleum- . Burwah Ot-405 Oct Shell Transport Ord-1C1 Itoyal Dutch-£ 13%.. Ultramar Company-Z 7tud.
Steel Engineering
Dabcock & Wilcox Ord-32 . Dorman. Long-359 01. Guest, Keen Ord-1018 ad. Harland & Wolf Ord–178 Ed, Stewarts & Lloyds Ord-54s 6d. Summer & Sons Ord-50 Tube Investments-70s 3d." Unilver Ord—~] 40%.
Vickers Ord-37m 1015,
Electric
94.
Assoc. Etre. Industeles-429 Ed. Elec. & Mus, Industrien 15s. English Electric Ord-384. General Electric Ord-300 pd. Philipe Lamp Works-411-3/33. Rediffusion Ord-420 450.
Industrials
Assoc. Portland Cement-3s 1. Beardman Marden Ord- Borax (Holding)--.__ Dunlap Rabber Ord-21 41sd.
Flons Ord-52 30.
Gilman (Boldinge Ord.
Id.
International Computers-09 34,
Turner & Nowall Ord.- Unilever Ord-1101.
11
Wiggion Tease Ord-870 Pd.
Chemicals Imperini Chemical Ord-70%. Monsanto Chemicals Ord-235 04.
Cinemas & Television
Mona Empires Ord-14 Oct. Rank Organisation Ord-32s d, Stall Theatres-95 10144.
Рарег
Bowater Paper Ord-040 3d, De La Rue Ord-Gfs kl. Spicers Ord-029,
Tobaccos Brith-Amer. Tob. Ord-72 3. Carrera1 Ord-in 7d. Imperial Tobacco Ord-0da 30.
Motors
British Motor Ord-18 1d. Hawker Siddelay Ord-32. Jaguar Care Ord-101 10d. Holls-Roves Ord-40 Westland Airéraft—jka Od.
Textiles
Bradford Dvers—13 14. Callco Printers Ord-4 94. Costa (IP) Palon & Baldwings
Fine Spinners Ori-Zis 34.
Lancashire Cotton Ord-39% $3;4.
Breweries
Tutors Co. Ord-40s id. Guinness (Arthur) Ord-500 Gd. Ind Coope On--23
Storea
Great Universal Ord-024 DJ.
Livona (3)
House of Dich $30.
Ord-1929 98. Marks & Spencer “A” DƑd=-11 4340. 10.35
14.GL 10.05
15.63
17.30
Capadian Fund
BUS.
2457
Canadian Int. Gr.
[12.31
13.34
13.00
10.14
10,73
3.70
11.DI
19.47
14.27
16.20
Electrontes law.
8.77
0.04
Founders Mut yd.
Hamill F. HC-
12:32
13.30
4.03
0.40
11.00
[2.43 19.60
•Dividënd_Shos Dreyfum Edton & J. Stock
und
Ini Fotmil Inst Growth Instit Income Invest Tr. Boston Keystone Canada Mass liv.. Tr. Mam Crowth
034 7.40 13.10 14.30 17.13 10.53 15.21 10.02
18.50
19.73
Nat Gec. Ser Cr.
0,97
10.0
Nov.
30.15
Jan.
Mar.
30.03 10.75 20.33
Duyers Sellera
Se der St. &
30.41
20.41
Copper
Telev El. Fu.
0.34
2,00
Spot
May
20.75
-month
210
242 247
Vale Line Fund..
7.0
0,04
V..r.
12.41
13.08
LONDON
Lead
Koyston Cuat s
21.00
Closing prices all in pence per
Spot
00%
Wellington Fund
14.50
10,95
4-month
Ib.:
Zine
No. 1 sa spotte
Settement house Jule July/Sept. Oct/Dec. Jon./Mtbr. Aur Jame
Spot 3-manth
22 €21;
2014
62%
-UPL
201
20-201
20-24 20-2011
Ve
July
General markets, e.l.f, barik, parts:
Eslata crept thin July thick July
METALS
NEW YORK
UPI.
Closing prices all in cents per
Lead
Italy
Rept.
Zine
July
Gept.
Copper
Blept.
واند
10.43
10.62
[1.23
FOREIGN EXCHANGE
NEW YORK Closing roles; Canada England amiciel "
30-day
20-dayd
Avstralia...
New Zealand
Others unchanged.
LONDON
Closing rates:
New York Montres!
11.10 Bat
Copentingen Frankfurt
22.00
22.07
Oslo
Ferie Vint
NEW YORK
an lå cents per 192
REX Bandard
$1
20.00
21.00 #.90
Closing prices, in sterling un
10.30
30.55
per long ton:
}
May July
LONDON
Tale & Lylo Ord-52. Jd. ** United Drapery Ord-77# 455 Woolworth. (F.W) Ord—50% WALA.
·Bitteellaneous
1
Bowmaker Ord—238 750. Canadian Pacifle, Ord-MaN. Cunard Steamship Orl-10# 711⁄2d. Forestal Land & Timber-138. Hongkong & China Ca-104.
Hudson Bay Co23,
•Indo-China" Det.
Land Becurities Ord-334 30. P. & O. Steam Nav. Del{2a 7lid.
Witnes
Do Beers Def-120.
Mount -13 d.
Petaling Tinta Od.
Rhodesian Anglo-Amer, Ord-Sia. Rio Tinto Bearer)-40s FlŁA, Roun Antelope Copper-3 2144. Union Corporation. Welkom Gold Minea-12 Western Holdings-112. 04.
01.
Rubber Tela Anglo Indonesian Plant, is od. Ceylon Tea Ord–27% 0. Imperial Tea Ord-15a-9d. Kuala Lumpur Kepong-31 6d. Lambak Rubber--dar da.
Reuter.
Agreed merchant
rates
Swiss Francs Maximum sell- Ing 74%. 3
Exchange rates
Business was done in the-focal
Dividend
New York, May 24. South Puerto Rico Sugar Company declared a dividend of 30 cents on the common payable July 1 to stock on record: Juns 12.
101 11/13
2.3000
2,7005
unomicini exchang
Iarket Chia
moming at the following rates:
2.2345
V.a. dalin. (per #()
5.743
217000
dierling notes (per £1)
10.90
Australian noted iper Cl)
17.01
Indonesian Rupiah (per 100)..
2.38
Bam ticals (per 100)
21.00
gapore (trails)
1.01
The company has been pay- quarterly in- jog 15 cents at tervals since September 30, 1959. The last payment at that mate was made on April 3.
i
UNIT TRUSTS
First Hongkong Fund: (bayer), $1392 (meller),"
Second Hongkong Fund: (buyers" $1.00 (Heller),
$1.33
$1
2.70 3/10-4.70 D/10 8.78_9/19-277. 11/10 439.00-12.00532
11.00-11.00 03.18-01.74 22,00)$ 20,00
South Puerto Rico stressed that "in view of the uncertain- tles of world mugar prices 1 does not follow n regular dividend polley but rather "con- side each declaration in the light of its earnings and condi» tions expleting at the Umg."- Chiria Mall Spoula).