THE CHINA MAIL, FRIDAY, JUNE 2, 1901.
WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE
STOCK
HONGKONG WIDESPREAD
DECLINES IN LONDON
STOCKS DECLINE FURTHER EXCHANGE
HK Bank
Lombard Wheelock UK Wharf
The share
430°
a glance *
لك
Dividend
& Bonus
$2.26
GOO
market at
Up or
May 1
May 11 430.
50
11
May 18 420* 02
May 20 414- 49
June 1
Down
Yield (%)
408
3,0
60n
+1
4.0
18,60
16.40
10.80
10.60
10.40
-20
3.0
408
405
382
398
HK Docks
110xd.
800.
$18
3,2
110
110
114
112-
3.4
Talkoo Docks
76xd
7514xd
74
r 73
72
-t
$3.20
4.2
Provident
3101
34%
34
3241
3314
+750
$1.30
HK Hotels
4812
4734
47
40%
4514
$3
0.1
HIK Lands
77
7634
75
74
73
$2.40
3.2
UK Realty
2.45
2.00
2.77%
211
2.05
-100
13.75c
HK Trams
3914
401
3014
384
3014
+1
$2.05
5.2
Star Ferry
208
204
204
214
+24
$10.50
4,4
Yaumatis
130
138
130
136
134
-1
30.50
0.0
Ch Light
3731
38
3714
304
37
+25c
31.10
K
Electrics
36
3814
3731
3714
37
750
$1.70
4.5
HK Telephone
[3
ឆ០១
54
5213
02
steady
$1.75
G. L. Cenient
67
001
GOJ
00
-500
5.9
Dairy Farm
JD
39
4114
391
3844
-300
$2
5.1
A.S. Watson
4G
40gb
464
40
40
steady
$2.50
5.2
5214
51%
5014
14.70
1514
15.70
5114 15.70n
5114
steady
82.75
15n
-200
760
12.40
12.80
12.40
12.40
12.10
-300
3.5
24
25
26.60
20.40%
201
-400
81
8.1
8.40 14.00
8,30 14.70
8.30
B14
8.30%
4-50
B00
0.7
14.00.
15.10
13.80
-1.30
8
Lane, Crawford
Int'l Investment
Allied
HK & FE Inv
Texille Corp
Nanyang
*(Sub-dhdded into five shares)
(Before sub-division of shares)
238
$1.10
WALL STREET CLOSES MIXED
Rolls Royce Ltd. issuing
London, June 1.
Underwriting is in progress
for an issue by Rolls Royce Limited of £12 million 6% per cent de-Rolls benture stock 1981/86.
The stock is to be offered to The holders of the debenture stock, ordinary slock and workers (1955) stock of Rolls Royce at a price of £89 per cent. The offer will be posted on Friday, June 2, and will be
for pull
acceptance unti Wednesday, June 14, 1961.
debentures
Royce Limited have agreed in principle on arrange-
Apparently waiting
for clarification of world trend
New York, June 1.
ments whereby the aero-engine Stocks closed thoroughly mixed on light volume,
business of D. Napler & Son Limit.d
subsidiary vt
Some selling
pressure in a market quiet
The local stock market eased again on a
wide front in relatively quiet trading conditions this week.
Our Own Correspondent
Business done on the Hong-
Stock joong
Exchange
this
| morning amounted to appro- ximately $1,980,000. Noon quotations and the
transactions!
Shares Buyers BeVers HK Bank. 404 408
Lombard in.
X.1.
Talkoo Dock 711 21.30 1 G
Wheelock.. 14.30 10.40
There were small declines in most shares with the Dock.. leading share Hongkong Banks dropping to Provident.. $108.
There was some selling pres- sure on the market probably for 10-Investment purposes, Also, recent developments affecting Hongkong's foreign trade was
no help to the market.
Star Ferries were an excep- tlon, closing yesterday at $230 la gain of $24) after reaching
n peak of $240.
The China Mall list of stocks shows 16 minus signs. € plus
· signs, and three unchanged.
The volume of business for the week under review (Friday
SEES RISE
IN UK INDUSTRY
London, Jurio 1.
to yesterday) amounted to about Industrial output in Britain
$23,690,000 compared with $17,840,000 for the previous shortened 3-day week and $35,280,000 for the 5-day weeke before that.
Jardine shares Jarding. Matheson and Com
Limited announced on pany Wednesday that their shares will be offered for sale to the public on June 15. In the absence of unforeseen eircumstances the
offer price will be $10 a share,
Wall Street apparently waiting for some clarl-This is a premium of $10 on the
English Electric) will in future fication of international developments.
be carried on by a new com- pany. Detafted negotiations are in progress,
The
Napier company Auro Engines Limited, will be owned equally by D. Napler and Royce. China Mall
It is al announced that the Rolls English Electric Company and Special.
nth
Canadian Pacific
OFFERS
LOWEST, FARES
TO
NORTH AMERICA{
ECONOMY
6.40 LESS THAN JET FARE*]
- 4 INCHES MORE LEGROOM
suffered from
The Dow-Jones Industrials
a weak Easunan Kodak, down around 3, while operated most other blue chips in a narrow range. handful of points in the elec- Texas Instruments dropped a
tronies where Zenith continued strong, adding around 3. Collins Radlo, omitting the dividend. dropped a couple.
Other wcak spots
were Revlon,
Thompson-Rame, In- terstate Department Stores, Universal Plctures, Magma Copper, Avnet, Vendo and Sperry Rand--all down close
up
to 2 points or more,
"MARKET FIRMS Colgate-Palmolive ran around 3 at its top. Paramount | Pictures 3, Warner Brothers 14, First
14. Charter around Fansteel and Coca Cola a point
or more.
The market storied out on the easy side but armed up in the afternoon.
Last minute profit- taking. however, put the list back in the doldrums. Activity ran about half a million sharen below Wednesday.
Today's volume 3,770,000 shares.
Of total 1,300 shares traded.
Delaware & Hudson Co. Diafitorg-Beagrens Diamond Nat'l ..... Dominion Stores Dow Chemien)
El Paso Natural Gas Family Finance Corp Ferro Corp
Fimt Nat. City Bank
Ford Motor Co. of Cana, Georgin Pecife..... General Dynamics
Gen. Pub. Utt
184
4055
203
30%
Gen. Tel. & Elec.
Cun, Tyre & Stubber Great Northern Railway Grumman Aircraft
702
Gulf O
Hammond Organ tiram Walker
Husman Retele. Imperial OR Imperial Tobacco Ingersoll-RATI Kalaer Industries Kimberly Clark Lily Tulip Lorillard P.
par value of the 902,048 shares which will be sold.
The company said that sub- scripton lists will open and close on June 15, Full detalls will be announced in advertisments on June 1,
H Land
110 111
NK Hotel..
40 #2
4011
132 133 30%
Youmali om
London, June 1. Stock exchange ran into a datermined wave of soll- ing today, and declines were widespread.
Tho
continuing adverso
✡
morning's balance of payments position of
the United Kingdom, plus number of
company annual otatements showing smaller pro-
Saler 650 LT 403
300 6 400
100
104
10
100
* 400
401
200 12
fits, apparently touched off the jruh to unload.
Industrials were under pres- fourb through much of the list.
British govertiment bonds 100 11.30 opened quielly flim, but hit the
500 + 11.20
270 21,16 Bilds before the close.
1000 10,40 1000 6.40
4720 10.30 1500 30.40
Gold mining shares lost their recent buoyaney because
of profit-inking and sales attrl- buted to continental interests. -AP 000 110
2000 10.30
111
100 P 111
3314.
60033
500
900 # 6512
400 72
300
100+ 133 10004015
10003214
1100 # 30%
50 44 30
1000 E 3042
1000 301
500 3913
3314 37 100 37
300 1 3024 3011 3T 2200 & 37
2020 - 37
C. Light
Electric
100 + 37
Telephone..
52 32
100 5214
04 0514
1000 as
should begin to rito fairly Comment
49 4015
12.10
fost and by the end of thủ | Dairy Farra 30% Sol year, assuming no govern- Watson mont Intervention, the rool
Allied Inv. national product Texille should be some 31⁄2 por Nanyang cent higher than a year cartior.
..
500 ** 02 100 8215 200 535
100 or 3014
600335% 100 40 40 103740
8.10 0% 1000 0.10 13.00 14.0 4000 1
3000 * 23 1000 SF 14
A. Rubber 0.35 4.65 B. Trust
7.70 7.00 National City Hotel 3316 34
The Independent Institute of Economic and Social Rerearch forecast this today. It
in rise,
Realty.
30 @ 3351 100 at 3374
100 G 34
2013
200 or 3334
25 1250 @ 2.323
2.025
2.03
14
(N)
705%
70
said fixed investment showed every sign of rising sleeply to the end of the year, although the present figures of factory K.M.D. buliding approvals suggests some slowing-down in 1982.
Consumers' expenditure, real terins, should also though more slowly than in the Arst quarter of the year, but prices may continue to increase faster this year than last, Friday: The market was again
IN GENERAL irregular but showed a harden- ;
In general, the review anid, ing tendency. Banks however capnelty should be sufficient lost a little ground whlie im for a rise in output of this provement was shown in Whee- locks and Gilman. Utililies were well traded at generally better
Market diary
11 prices. Tumover was approxim-
niature.
1100215
04070
300 2015
30 17
130*70
200 7011 2000 20
Stor Terry.
Gilman
232
2.36
ото на 70 100 60 734% 160 of 234
0 2.05
4000 643.03
2000
Asia Nav.
shot. Gox. Коро
The review said the country's HK & TE balance of payments
Την. position still 'clouds
L., Craw. the prospects for reasonable rote ot expansion, The Secretaries for the Inter- Britain's exporta will probably
194ately $7,000,000,
07 national Investment Corp. Ltd rise only slowly and
announced that at the close of
trends is imports and
business on May 25, 1061, he imply an appreciable
shares had a statistical value of
14
61
Lowenstein
Sonr McDermott J. Ray Merek
152
$20.35 per share.
1431
BASA
ments
Dividend & Bonus Banounce-
during the
Just
two
six weeks:-
00
Ep
0024
0215
Ltd. Interim $10 per share.
4015
Cold. Macg. 3- & Bonus 3/3
11103
at the rate 1/3 per share.
4914 2010
Mesabi Iron Corp. Monsanto Chemical Co. Motorcha Ino...... National Bircuit Co, National Dairy Prod. National Steel Corp. Noranda Mines Ltd. Norfolk & Westenry Ry. North Amer. Aviation Northwest Airlines (Com.) Oklatama Nat. Ons Owen-Blincis Glass Oxford Paper Co Philip Morris
445 higher 028 lower. American Pitney Bowes exchange volume was 1,830,000 Portlann Gen. Elec. shares. Bond volume amounted Pullman
to $0,220,000.-UPI.
Closing prices
ענ
Publicker Inntries
342
China Underwriters, Ltd. cents per share. Chinese Estates,
Monday: The market was Ir- 35% regular and generally quiet. Star Ferry shares were sought after but sellers were shy and price My changes were fractional and went
in no particular direction. Teie phones improved a little while other Utilities were done in somu volume. Wheelocks remained
firm on average volume, Invest- mont companies were quiet and stendy.
Turnover was appro- 32ximately $5,500,000.
Current exporta current defcit from the country again this year-UPI.
Australia buys most UK
DO BUS
TIN MARKET STEADY
28.10
London. June 1. Copper was moderately dealt in with spot losing 22 on the duy
Tin market was steady with spot and three-months 4 point Jower to 889% per long to.
Lead and zinc were steady today.--UPI.
office appliances Agreed merchant
London, June 1.
Foreign sales of British-made
rates
office equipment and mac- hinery advanced to nearly £3.3 million in April and the ing 174. Minimum Buying 17
T.T.:
U.S. Dollars Maximum Scil-
17-8/18 O.D.; 17% 30 17-23/32 60 days; 17-13/16 90 days.
Canadian Dollars Maximum selling 17-1/32. Minimum Buy- ing 170/32 T.T.: 17-11/32 O.D.
United States was the second largest buyer after Australia days; Export sales in the month were worth £300,000 more than
association
Tuesday: Today was a co-in April 1980.
The industry's 30 paratively quiet day on the Stock
countries showed
|
Exchange with prices generally today sald sales to common- ensing but only fractionally. Star wealth Ferry shares were an exception, decline against last year, but 75% buyars offering $240 but sellors April exports
Exchange rates
44
11
3042
Pere Of
3032
Raytheon
30
Royal Bank of Canada
Royal Dutch
TREA
Safeway Stores
4574
Auttibl Pwr. & Paper ... $75
Saine ring. Paper
3744
Algoma Steel Corp.
Schenley Inc.
Allied Mills Inc.
44
Scott Paper
1131
Ain. Brake Slive
40
Stegler Corp.
Am. Cable & Radio Corp.
301
Sath, Kine & French
American Cyanamid Co.
473% | South Pueric Hilco Guger
Am. Honie Prod.
238% | Southern Natural Gas
Aan. Mach. &_Fúry,
53%
Am. Natural Gas
100
Steel Co. of Canada
Am. Sugar Rot,
337%
Stone & Webster ...
637
221⁄2
Sunshine Mining
to
Asbestos Corp.
2014 | Textron ima.
Bank of Montreal
daly
Thiokel Gleni,
Bank of Nova Scotia
71
Tide Water Oil
Deech Lito Savers
Traders Finance
B. C. Tel. co.
5135
Travellers Inc. ....
115
per Ind
63%
Tri-Cont. Warrants
3132
Benguet Cena,
Twentieth Century Fox Fim
Caution seems to be the watch
Singapore (Straits)
01
Union Oll of Cal,
00
word among sellers while buy.
Burroughs Add Machine
US Steel 1 PC. PF
140
Westinghouse Air Broke
ers appeared to be waiting for
Ampex
Southern Pacife Cò,
to Japan WOTO
were noticeably absent. Utilities | sharply higher and were worth 26% generally were the busiest see- | £127,000.
4415tion and prices were steady. Į For the third month this year
Trams attracted most attention increased sales
of portable
Business was, dong In the local unofficial exchange market this morning at the following rata- US dollar for 1) Aterling noles (per Australian notes (per 1).
i)
13 Wheelocks were ealer, but again typewriters paced the Improve-Indonesian rupiah (per 100)
buyers outnumbered sellers. ment-UPI.
Closing prices
Meltish Government. Securities 2. Comaoltdated-40-13/16 xd.
Conversion--£5512.
3
3. Bavinga 1039/C3—€92-3/32. 30h, Savings 1960/70-27674. J%. Savings 1995/15-£UNT
Overseas Bonds
German (Dawes) — £14, Jeanere. Asented £150.
Brake & Insurance
Barclays Ord--850.
Chartered Bank-dlı 3d.
Guardian Arturance—1851 3d, Hongkong Bank-£16.
Lloyds Bank-00 0.
Lombard Ubaking, Drdes19% 411⁄2d. National Grindley Sta
Prudential Assar, Am d′ 23-15/10, Royal Insurance Ord-153 3d.
011
Belial Petrol.
Burmah
Self Transport OrdiX7 d. Royal D
13. Ultramar
Etrols Kngineering
Babcock Long-34 d.
de Willens Ord=3* *!%d.
Guest. Keen Ord-9387d. Harland & Welt, Ord-Its 4354. Stowarz & Lloyds Ord-49% 1034d. Summers & Sons Ori-35m 10% d Tuba investments=718. United Steel-dia Gd. Vickers Ord.
Electric
C
Assoc. Elec. Industries Elec. & Mus. Industries English Electric Ord-348 06. General Electric On-350 60. Philips Lamp Works-ft-0/10, Rediffusion rd,41 $0.
Industrials
Assoc. Portland Cement-878 10340. Boardman Marden Ordds bd. Borax (Holding) 10344.
Dunlop Rubber Ord-28
Fisons Ord 50% Fied.:
Cillosan eldings) Ord
kisd.
154. 64.
International Computers-87 Unliever On-147 90. Wiggins Tenpe Ord-630 4144.
Chemien's
Imperial Chemical Ord-740 Id. Monsanto Chemicals Ord-all.
Cinema & Television Mora Empires Ord-108 34. Bank Organisation Ord-33 64. biol Theatrobe Od.
Paper
!
water Paper Ord-Big 10d. De La Rue Ord-53%
Тобассов Brictali-Amer. 700, Ord-69% su, Carreras "B" Ord-4x Dd. Imperial Tobacco Ora-3B DU.
Maturs ritish Motor Ordios, flawker Siddeley Ord- ftud: Jaguar Cars Ord-100 74. Rolls-Royce Ord-13 d. Westland Aleeraft-1ðu 49,
Textiles Bradford Dyera-17 115. Calleo Printers · Ord-144. Coats (JP) Paton & Baldwins- 47%.
Courtaulds Ord-4) 3d. Fine Spinners Ord-200 BA, Lancashire Cetion Ord-47 101d.
Dreweries Dillers Co. Ord-37 Od. Guinness Arthur), Ord--bla pu. Ind Coope Ord-14 41⁄2d.
! Store Great Universal Ord-02 Great Universal "A" OIL-BTS Gd. House of Frater Ord-07 10d. Lyons J1 "A" Ord-09. Marka & Spencer "A" Ord-1120 4d.
Tate & Lyla Ord-483 735d. United Drapery, Ord-375 34. Woolworu (P.W.) Ord-74 115d.
Mixtlimous Bowmaker Of 2016 Catindian Paclite Ord-$4. Cunard Steamship Ord-159 10. Forest Land & Timber131. Itongkong & China Gas-10 Hudson Bay Com21016. Indo-China Def. Ord-22
Land Securities Ord-Ma. P. & O. Steam Nav. 10d.
Mines
De Beers Def-1319.
Tin Carp-17s. I-83 34.
Jeloling Tin-13s Od; Thodesian Anglo-Amer.
34.
ilo Tinta
Ü.
Del-J
Ord-87
Coppera d.
Toon Anteirer)-10 75. Union Corporation-Bla Welkom Gold Mining-141 Western Holdings-13.00.
Stabber
Anglo Indonesian P Caylon Tea Ord--27 Dd.
Impertes Tea Ord-10.
/FIRST CLASS
$513.90 LESS THAN JET FARE®
SUPERIOR INFLIGHT SERVICE
Bell Tolephone
Arc (They Co.
Britisis Amer. Dil British Columbia Pwr. Calif, Packing Corp. Ces. B. of Cominon. Cat. Tractor ....... E.LT. Finercial Corp. Cluett Peabody... Commercial Credst Corning Glass Works Consolidated Paper
Consumers Gf Del Continental on of Creole Pet....
U.S. INVESTMENT
QUOTATIONS
27% their prices to be mot, resulting in a cat and mouse cimusphere. Turnover Wit approximately $4,000,000.
Wednesday: No apparent trend was seen in the market today as prices remained within a ñar- Tow range and the turnover amounted to only $2,330,000 in the hall day season.
There was stubbornness apar- ent in both the buying and sell- ing aides and the end rendit was | comparailvely mengro business US. In in a steady market.
COMMODITY PRICES
COTTON
AMERICAN
STOCKS & COMMODITIES
WHEN
8.747
10.95
12.07
20.10
3.40
Kuala Lumpur-Kepong-Js 64, Lambak Rubber-dis vd.
-Reuter.
West Va. Pulp & Paper Winn-Dixie Stores
33
30
UFI
3-month Copper
Bpat
470
23031
07016
Apr/June
July/Bout
S-month
Lead
July
Spot
3-month
The following are vestments as in American lars. Buyers' prices commalssion:
dol
the final dividend of 60 cents bui
An exception was Nanyangs include which responded badly initially to per lb.
LIVERPOOL Closing prices all in penco
Zine
Spat
817
J-menu
61
-UTL
American Contract
July
Oct,
24.00 24.50
0.40
0.1
9.34
Dec.
ચ
Mar.
24.03
May
24.90
July
Mixed Contract
July
Oct.
Dec.
MAT
RUBBER
SINGAPORE
Closing prices all in Stratta cents per Ib f.o.b. Malayan
3.7
May
Dreyfus rund
Kartor 11. Stock
14.21
15.10
Electronics Inv.
6.21
Founders Mert F. Hamil Fu, HG-7
12.23
1340
0.30
Itt Found
12.00
13.64
14.30
Juty
poris:
No. 1 June
-UPL
No, July
No, June
BOJA-7
General markels. cit. basis, port
241% Juna
54 Extato crepe thin June 005%
thick June AMSTERDAM
2721
Closing prices all in guilders
per kilogram, c.t.f. Juneg
No. 1 rubber
No. 2 tubber
No, rubber
No. i crep
FOREIGN EXCHANGE
LONDON
Closing rates;
0512-6715
715%-729% | New York 02-03
Montreal AmsterdamT!
Copenhagen
LEBUT
Par
2.19-21211 2.73-0/10-9.76-7/18 10.02 0.0745 129.50-139.63||
117-11
80.10-10.33
6.34 buyers
9.32 buyers
2.30 burerE
3.82 buyers
Exclusive
LOUNGEAIRE
with
Canadian
Pacific
9 INCHES MORE LEGROOM FULLY RECLİNİNG SEATS. NO MORE THAN JET FARE'
"Round Trip➡ Hong Kong/West Coast
Fly Canadian Pacific
QUY
TECHNICAL
ANALYSIS
On Stock Trends
Research Dept. PERENNIAL TRADING CORP. 910-inth fores
Tu: 124, 10
Affiliated Fund Am Bux B
Atom Dev Mut Axe Hought B Bullock Fund Canada Gen Ferid Canadian Fund Canadian Int., Gr. Chentical Fund Coming Block Dividend B
Imit Growth Instil Income Javert Kr. Horton Kerntobe Cut Haystone Consila MKAR Inv. T. Maw Growth ... Naec. Ser ür. Bender 81. Ci TY .. FO,
VER Wellington Fund
after a sudden sharp drop buyers
Sellers Buyers came out to move it up again to |
4.90
10.37 14.40 18.81 15.70 17.10 10.30 10.09 12.10
13.1 12.39 13.41 18.07 10.04
17.02 19.37
一般
close to yesterday's rafes.
Thursday: The relatively qufot| conditions continued to prevail and prices cased further on a very wide front. Banks dropped to $408 and Kowloon Motor Bus gradually eased on a good volume of trading of $70, Reaul- les changed hands at some volume at fractionally prices and session closed in arti Atmosphere of extreme caution. Turnover was approximately $4,200,000.
UNIT TRUSTS
carler
The Hongkong hund: $1.31
(bron), $1,30, (muller))
Second Hongkodil Funck 1.98 (buyer) $1.04 (welier),
METALS
LONDON
Afternoon Semion
No. 3 Jun
No. June
apos rubber unbated
Blanket crops.
No. 1 Dale crepe
LONDON
Closing prices all in pence per Frankfurt lb.:
Closing, prices, all in sterling | Mom #pot conectate '19 per long ton:
in.
Buk
(Beslemani hotwo terms'
Multan,
病