WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE
THE CHINA MAIL, FRIDAY, AUGUST 4, 1961.
HONGKONG GOVT BONDS
STOCK EXCHANGE
THE MARKET IMPROVES
But cautious tendency continues
on
A cautious tendency continued this week the Hongkong Stock Exchange resulting in a comparatively small volume of business and small price fluctuations.
However, the market showed an improvement over that of last week, particularly at the close of business yesterday. when prices firmed,
The China Mall list of shares which were fractionally weak- showed more gains than losses.er. At the close of one of the
The main Influence on the quielest
Ume days for some market, as reported In a buyers still outnumbered sellers earller China Mall repari, con-
and turnover was approximately. Unued to be the explosive $2,550,000.00. Berlin altuntion.
Investors were also watching developments concerning Bri tain's negotiations for entry la
the Common Market.
Wednesday: The Stock mar- ket showed a much brighter tendency in this half day's fraglig, most stocks showing a !sight
Improvement on a re- newal of buying Interest. The Electric Companies agoln were about mainly responsible and were $10,000,000 entxpared with $18,. done in good „volume at better 300,000 for the previous week.
The turnover for the week under review (Friday to yester day) amounted
Market diary
prices. Banks hardened a little, but Kowloon Motor Bus cased to 5784. The market closed fairly active.
Friday: Business improved Turnover was approximately
Stock Exchange. | $3,000,0000.00. today on the
Thursday: Interest wan widespread ape
This was another wards, Banks were quiet, but day of cautious trading with a the utilities section was till of listinet selective tendency. Buy- business, Telephones having ab-jers again predominated but
surbed all the amal section of could not, except in a low ex- heavy sellers started to rise and reptions, be persuaded to meet put on $14 with a board full the prices offered by the
ado-
HK Bank
Lombard Wheelock HK Wharf
The
share market
at
1420 ex al 13.80 ex all 18,10 ex all 12.80 xx xil 13.20
glance *
Upr Down
Dividend
Lay
Our Own Cairespnadeni
Business done on the Hong- Stock Exchange this kore
morning amounted to appro
$2,750,000. Noon and the morning's
BaJas
FE Inv
....
ການ
11
24.00
380 302
Wheclack112
11 Dock..
09 44 20
0000
13.20
200 113
July 6
414
50%
July 13
414
49361
July 20
40€. 48
July 27 392xd
Aug. 3 384xd 430
+2 -
& Bonus
*]* $2.25 750
Yield(%)
2.0
ximately
4.0
quotations
transactions:
406
shares Anyer Sellers
402
380
374
302
518
3
HK Bank
HK Docks
116
117
114
111
111
steady
3.0
XD
3
390
144
100 @ 241
270 E 300
Taikoo Docks
76
78
73
71
71
stendly
$3.20
120 394
Provident
3434
3416
094
3244
3234
+250
$1.30
INC Bank
UK Hotels
4734
47%
404
45
4432
256
$3
0.0
Lon. Reg.
IK Lands
7426
77
743%
73
7314
+300
$2.40
7.2
XD
HK Healy
2,70
231
2.03
2.525
2.025
steady
Aliled
Inv.
13.750
8.8
HK Tracis
43
44
42
4015
+1.25
$2.05
Wharf
Biar Ferry
240
240
24Ga
248*
240*
$10.50
4.3
13.30 13.30
Yaumatis
135
135
134
130
1276
1
7.5
3814
40
39
3814
403%
$110
2.7
20
41
40
39
4114
+234
$1.70
4.1
Talkoo Dock 715
574
5734
6636
-K3
473% ex inves
$1.75
03
04
+500
$4
4.3
Provident
23
10%
4234
41
41
+114
540
546
530
5%
$2 52.50
200 33
HK Hotel..
454 4574
1800 or 4512
2000 450
5234
50
483/
4814
$3
0
300 or 4518
10
10.10
15,70
15.70
-+-100
its ox all
steady
750 $1.20
4.8
Land.. 14 78
1200 74
400 74%
24.60
-200
900
HK Realty 2.025 2.675
2034 ir 74th 5000 or 2.05
B1⁄4d
--B00
500
11.80%
11.70
-10%
28.30
70 27.80
70%
+500
27.80
steady
ROO
taw 1IK Tram KMI
216 2.35
Yauntati
Ch Light Electrica
HK Telephone
G. 1. Cement Dairy Far
A. B. Watson
Lane, Crawford
Int'l Investment
Allied
IK & FE Inv
Textile Corp
Nanyang
Kowloon Motor Bus
Jardines
30%
53n
494
15.00%
11.70s ex all 11,10b ex all 111⁄21⁄2nox all 118 ex all 26.40
25.60
24
24.80% 7.08
7.60
0.00
7 12.20b 11.400
80
12.20
81
20,40
8114
28.00
• When shares were five times their present value,
** Expected dividend for year ended February 28, 1961.
-1
31.10 $2.80**
Widespread gains in
New York, Aug. 3.
A wide range of shares gained up to more than a point on the stock market today, driving the Dow Jones Industrial Aver-
Wall Street
Sinclair 1
age into record high levels despite a Sogany Mobil Oil decline in trading volume.
South Am Gold & Plat South Califorata Edison Southern Company
Blandard Brands
The Dow Jones Industrials held well above Tues-Sperry and
day's record closing high, although prices tapered off a little from their best level final hours.
Standard Où Indiana
Standard Dil Chlo
41
4574
ச
in the
and Oil Calforni standard all New Jersey
47
Sterko Dru
Studebaker Packard
7
2015
Texaco Inc
104
Eastern Air Lines
21
00%
Entman Kodak
1001
Tidewater Oil
Foot Machinery & Chem
109
Twenty Century Fox
Ford Motor Co
033
| Trans World Airlives
General Dynainios
General Electric
of buyers. Dairy Farms rose munt sellers. Nearly all shares steadily to 541. The market clos dealt In showed some slight im-
Jed by ed on a competitive atmosphere; proverment
the two est with a good turnover of appro- Electricities which Lights ximately $7,000,000.00.
were done steadily above $40. Sellers at last appeared in Tele- Trading was moderate but Dupont De Nemours phones in small quantities and below yesterday's active pace business was done at a higher by a considerable margin. Star level than for some time. Ferry dividend left the market untouched. Turnover was Just short of $4,000,000.00.
The Secretaries for the Inter- national investment Corp. Ltd. announced that at the cluse of business on 27th July 1061, The shares had a statistical value of $19.42 per share.
Monday: The quiet period con- finued with buyers seeking cheap! burgains and sellers unwilling
Generat
Du Pont ruse around six and while Alcon more than two American Telephone, US Steel,
General Motors Eastman Kodak, Allied Chemi-
General Telephone cal, United Aircraft, Chrysler Georgia Pacific Corp anci General Electrle amony Cetty Oil
to meet these demands. Utilities Soviet-Canada trade others were up large fractions Goodrich.
again most of the bust- ness at steady prices outside of which
and Whoclocks, Lands Renities were most active. The
market closed quiet with turn- sentatives of the Soviet Union July sales gain of 21 per cent over of approximately $3,020,-
000.00.
Tuesday: Interest was again shown in a few sincks. This time, the Electric Companies, Banks, Wheelocks and lands. Tele- phones went ex new issue and bonus issue, nu sellers appearing
Moscow, Aug. 3. Tam said today that repre- and Canada have agreed there ure possibilities for further ex- pansion of trade between the
two countries.
Goodrich, B. T. OF Goodyear Tire & Rub Grace, W. R. & Ou GUIL ON.......... ingersoll Rand
int Business Machine Int. Harvester
to better than a point.
Ford came to the fore, show- ing a gain of around 14% in the final minutes responding to a
Int. Nickel over last year.
Int. Paper Today's volume was 3,850,000. Tel & Tel shures. Of a total 1,277 Issues Jones & Loughlin
Kaiser Aluminum Iraded, 032 were higher and 405
Kenneeple Copp came
Libby Owens as a lower. held. In These talks
The statement result of trade talks Ottawa in July.
to meet the buyers' demands at were held annually to check up
though the offers on the new on the state of trade carried on busks were higher cumparatively under the
Soviet-Canadian
th the old. Prices generally trade agreement of February 29, were steady except Bunks 1950, Tass sold-UPL
MOREandMORE
PEOPLE ARE OPENING
7%
BANK
DEPOSIT ACCOUNTS
with
LOMBARD BANKING
SECURITY Share Capital and Reserves
exceed £12,000,000.
INTEREST Your funds earn interest frunt the day you deposit until the day you withdraw.
SAFETY
NO Capital Depreciation,
ASSETS EXCEED £100,000,000
Interest paid without didaction of Kindred Kingdom
Income Tat
Write texty to the General Manage for your copy of "Bank Eleposit Accoună" booklet No, A.O. 74.
LOMBARD BANKING
LIMITED
BANNERS
Hand Officer LOMBARI HOURE
BURZON STREET, PARK LANK, LONDON WA
GROrianne 4131 (30) Kwas)
d World Wide Banking and Phrabbé Organtiethn
American Volume was 1,130,- 000 shares.
Dow Jones
preliminary clos-
ing stock averages:
申
30 Industrials 715.71 up 5.25.
20 Rails 139,33 up 100,
15 Utitles, 117.13 up 0.28.
85 Stocks, 236.05 up 145.
UPL
Closing prices
Allied Chemical Corp
Aille Chalmers ..
Aluminium Ltd
Aluminium Company
Amerada Petroleum
451%
gett Myers Lockheed Aircraft Lone Star Cement Lorillard, P. Co Marlin Co.
Merck & Company
Metro Goldwyn Mayer Minurapoils iteneywell Minnesota Mining & Mig Monsanto Chemirat Montgomery Ward Moore McCormack Lines
Motorola Inc. ...... National Biscuit
National Cash Register
National Delry Product
National Disulers
National Gygun
ם
779
11
Thompson Ho W.
(Union Carbide
Utan Ou California
Union Pacific
United Aircraft Corp United Air Linea
United Frust
US Industries
U's Lines
UB Rubber S
US Smell & Ren
US Steet
Warner Bros Picture Western Union Tel
Westinghouse Electric Yate & Towne .... Youngstown Sheet & Tel Zenith Radio
New York World
cotton market
rubber
market
New York, Aug. 3. rubber Futures today closed unchanged to 20 points higher with sales of 19 contracts.
New York, Aug. 3. Cotton futures today falter-Rex
od after an early show of steadiness, anding the session with small and in- decisively mixed price changos.
Standard contract closed un- ebonged to 20 points higher with
Final range was off three to no sales reported. Loot up five points.
604, opened
The market
off two to up three
2 points. New Orleans followed
Z
the local pattorn, closing uit 179 three to up five points.
HANDICAPS
Terminal situation featureless with dealers on both sides of the small trade, Scarcity
500
300 #2.03.
431% 500
131
133
Ch. Light 4015
HK Elec.
Telephone
500
300
10004015 3300401
500 42
41
500 3400% 300 141
1500 OF 4015
411 41% 2400
Ex sus 481 47%
1,00
3100 4134
100 za 47
100 #5 42
21047 500 47 170047
100 ve 4715
ICK Gas
3000 21.00
3000 22
Gilman .... 4.975
5.03 BOOD # 2.35
1000
Jardines
G.L. Cemeni
20
031
300 * 6476
Dairy Far}}}
300 41%
4:00 4
300 #4714
HK Mine ..
200,
300 45% 21000 or TC. 23250 fr Bo
50000 # 120.
20000 # 15e. 50000 1. 20000 175. 10000 100.
6.30
12
200 60 42.
05000 tve.
100000 to 200.
#35 13000 a 6.30 1288 7.05 422 4215 20 8 41.
63
Nanyang... 1114 A. Rubber R. Truel City Hotel Textile XD Watson... Star Ferry. Int' Inv...
15.40
U.S. INVESTMENT QUOTATIONS
The following are lavestments as in American dollars. Buyers' prices include conumission:
Affiliated Fund Am. Bus. Shew
Betters Buyers 8.43 9.12
4.E 4.97
Atom Dey Mut.
Aze Haught B.
3.35 10,10
Bullock Fund.
14.420
25.70
was
Canada Gea. Fund..
15.30
10.12
Canadian rand
11.01
18.58
Canadian ini, dir.
ELAN
12.47
Chemical Fund
120 111
Commwith Stock
17.72
19.20
3.42
3,15
17.20
30.00
14.17
Electronics Inv.
7.00
Founders Mut. Fd.
12.40
Hamil ra, HC-7
Instit Found
Inability of the May delivery of shipment offerings, and the
242
314
National Lead...
New York Central
33
Northwest Airlines
American Airlines
20
Ohio Oil
American Can
Chin Mathieson Chemical
American Cyanamid
Pacine Gas & Elec..
70
American Motors
17
Pan Am World Airways
203
to penetrate vesistance
30.15 the
point, which
American Bineli & Relin
Paramount Pictures
American Sugar
2476
American Tej & Tei
171ER
Pepsi Cola
American Tobacco
S
Pilier. Chariep
Anaconda Company
Armen Strel
Armour & Company Associated Dry Goods
Bendix Corp
15thichein Sleel
Boeing Altplane
Pennsylvania TR
| Phelps Douge"
541 Phillip Morris
Phillips Petrol
70
5046
Pure Oil
Quaker Oate
Radio Corporallen
1 Raytheon Company
0752
Atlantic #ning Baldwin Lima Hamilton
41P
Burroughs Cary.
Canadian Paelle Bailway
Case. J.L. Co.......
Celanese Corp Am.
Borden Co.
Burg Warner
Cerro Corp. ............
Chrysler Com
Cities Service Coca Cola Corp. Colgate Palmo Commonwealth Consolidated Edison Content
Com Products Co. Crane Company Crawn Zellerbach Curtis Wright ...
till Corp-Reagrama Deagles Aircraft Dow Chemical
AMERICAN
STOCKS & COMMODITIES
Republic Stat
Reynolds Metals
Reynolds Tableco
Royal Dutch Petrol
At Regis Paper
Sears Rorbisch
Shell Ol.........
Shell Transport
1.
cent continued lack of factory buying has Interest In the delivery were
remembered
been touched for three times other trading handicaps, dealers in the past two weeks, brought said, Also, they
scattered
Eastern the the Far selling Dit speculative elements,
421%
04
זיל
from
ond U.K markets wil be closed for a -long weekend for the August wasBank holidays.
Стор weather news |mainly satisfactory with traders 7% more disposed to await the first official production estimate next 4714 Tuesday.
have
Locally. spot No. 1 Rss was quated 20% onts and current month 20% cerity a pound.
In London, the rubber market was dull with spot quoted at 24-0/10, No. 1 Rss #pol 24.
Some private sources 3234 been ranging slightly below last year's production of approxi- 17mately 14,300,000 bales.Pr. 24-UPI.
COMMODITY
COTTON
NEW YORK
Closing prices all in cents per
-Spol: 35,00 noni; Oet: 3428; Dec: 33.06; Mar: 36.70; May: 30.09; July 30.09 Oct: 2499.
LIVERPOOL
Mar.
LONDON
16.:.
No. 1 The spot
機
PRICES
LONDON
Closing prices all in sterling per long ton.
'Buyers Baltaza
ולם
2011 932 ****
2201 22815 MARIA
0471
AUR
July/Sept.
Closing prices all in ponce per TA
Spot
month ********* *016-9416 | Copper settisment house term:
2443-2416 2673-29
Oct/Dec.
Jan/Mar,
2012-2012
Apr/June
Zine
July/Sept.
3-month LA
#pol
month
Spot
232
8424
00
TEA
70
3-maniri
20%
7815
Aur
-UFI.
Bept.
Thin Aug Thick Aug.
Risan 2514
Closing prices all in pence per General markets, c.ff. basis, porta:
WHEN
1b,:
DUY
Market Timing
For Moximum Profit
TECHNICAL ANALYSTI
Rovna.fch Day. PERENNIAL TRADING CORP. 210-910 - Xidinkurith, House !!
EN 1793, Abene,; sines
American Contraet Oct: 24.48; Dec; 26.85; Mar: 20.30; | Entafe drape May 23.83; July! 29.70; Oct; 20.00.
Mixed Contract
Oct: 24.00; Dec: 2314; Mar: 20,30!
2005: July: 20.15; Oct: 20.06.–—
RUBBER
3911-2432
27
UPI
METALS
NEW YORK
FOREIGN
ENCHANGE
NEW YORK
Cloning talen? Canmin
Belgium Dem
10.10
folland
Hubber Intures closing prices,
Closing prices all u cents per and omelsi Fib:
NEW YORK
all in cents per Iba
Blanderd RESC
Land
Rept. Det
Fly
3930
tino
Nov.
Fan.
29.19
9.06
22.00 3000
Copper Repi.
30.30 20.40
Sweden
Bwitzerland
20
#7-1/30
1,2014 p901
1959
2013
Dividend Shrk.... Dreyfus Fund
Eaton & H. Stuck
Instit Growth Inalit Income
| Invest Tr. Borton Koystore Cus: 2 Keystone Cadada Mess Inv. Tr. Mass Growth Nat Gec. Ser Gr Scudder St & Ci Taley El. Fund Value Line Fund | V.1 PM,
Westington Fund'
11.22
15.93 17.23 14.28 17,90 30.22
D.62
10.09
20.30
8.20
20,30
3.33 7.70 11.07 10.37
13.00
10.75
Exchange rates
Business was done in the local unofficial
5.753
LKAD
exchange market thir morning at the following rates:- U.. dollar per :) Sterling noles Ipar 21) Australian notes (per ell 12.03 Japanese yen ipet 100)
French fiet (per 100).....
new frane (per 1) .. Indonesia rupiah (per 100).. Brazilian oricele (per 1001 1. Argentine peau (per 100).*** Korean hwan (per 1,000 | TATIAN 1 (per 1,000) Chinese JMP (per 1) Talwan yuen per 10) Thai baht (ver" 190). Durmeja kykk (pa? 10)” Pakistan rupee (per 101 Macro pataện (par 1) tforwegian krone (per Philippine peso (për 1). Singapore straits" iger 1 Swine Nethe
31
West German D-Mark (par i Cuban peso (per 1) ...............
Instalment credit
140
1.10
4.00
Washington Aug. 2. Outstanding consumer indial- ment credit scored its biggest gain in noven months In June, reaching B total of $42,441
FALL IN
LONDON
MARKET
British
London, Aug. 3, Government – bonds fall sharply again on the Stock Exchange today de investors hustened to liquidate their holdings.
monay to
lucrative
and put their work in more equities.
Reason for the pressure on the bonds is that the recent Increase in the Bank of England rate from five per cent to seven
mokes For cont
interest on Government loan issurs attractivo.
Industrial stocks marked up modest but general gains.
Gold miting issues were firm on selective demand. A few coppers were better und tins advanced all along the Une.
Oll blue chips finished on the plus de AP.
Closing prices
British Government Mecurities 144. Coalidated—297. 35. Conversion-£BIJ.
%, Savings
3. Savin 1033/0010/1
3. Bavings 1965/70-ROGY. 3. Wat Loan-£5131.
OVETRERS Eondi
B, German (Dawea)-20134. am, Jannnese, Agented--£157.
Danks & Insurance
Barclays Ord-10% 10. Chartered Bank-54. Guardian Assurance-64a od.
HOME Bank-men
Trukit.
Lloyds Bank---661 61.
Lombart Banking Ord-15 101d. National & drindleys–Ka.
Prudential Amuur, "A"-R$1. Royal Bank of Canadacz.. Royal Insurance Ord,1718
01
British Petroleum-47, Rumah OIL*37
30.
Shell Transport Ord-128 3d, Royal Dutch-12-9/14.
Ultramer Company-291 1lid.
Steels Engineering |
Babcock & Wilcox Ord-28% 715d.
Colvilles Ord-50 Tiud.
Dorman, Long-30 d. Guest. Keen Orl--93
1011d,
Herland & Wolf 30.
Stewarts & Lloyds
Summers & Bons Ord-40% pd. Tube Investments-001 ¶lyd." United Steal-kli 4990. Vicken Ord-34 44d.
Electric
34.
Assoc. Elec. Industries Brit. Electronic Ind.107. Eleo. & Mus. Industries Ads 03. English Kaotrie Ord- 31.
General Electric Ord--30 d. Pultos Lame Works-10%.
Rediffusion Ord.404 100.
Kodizal
Assoc. Portland Cemon-10% 1015d. Boardman Marden Ord~ 101. Borax (Kolding)—176.___
Desen Records Ord--021
Dunlop Rubber Ord-e flid.
Fiona Ore 15th
Gilman (Holdings) Ord-
10:54.
2d.
International Computer03 0. London Brlek Ord-686, Tumer & Newail Ord—eta Od. 1nitever Ord-1448 60. Wiggin' Teane Ord-Bas Bd.
Chemicala Tmperial Chemical Ord-1 Monsanto Chamicals Ord-21 34. Cinemas & Television Mos Empires Ord- 71hef, Pank Organisation Ord-201 38. Stoll Theatree-On 1.
Rowater Paper Did-lân. De La Rue On!=85# 33, Read Aftert ) Ord-47 d.
04.
Paper
Spicers Ord Tabarcos
British-Amer. Tob. Ord-621, Carrera "B" Orde d Imperial Tobacco Ordia 24.
MALOTE
British Motor Ord-14a 101źd, Hawker Siddeley Ord-din 135d. Jaguar Cats Ord-100, Rolls-Raver Ord=484,
Westland Airernttfs 6d.
Textiles
Bradford Dvory-16× 8d. Catro Printers' Oru- rd.
Coats (JP) Paton & Baldwine-13% 16d.
"Panteold, Ord—344 4148.
Vine Bpinners Ord--200 gu.
Lancashire Colton Ord-208 4554. .
Breweries
Disors Ca, Ord-
Guinness (Arthur) Ord-011, Ind Coops Ord-139 1140.
Ord=114
Great Universal Orl-151 ed. Great Univerunt "A", Ord-Mm ad. House of Fraser Ord-500 kg. Ivens (3)"A" to=733 $148. Marks & Spenter “A”
Tate & Lyle Ordnáře 1d. Unlled Drapery Ord-Weed, Woolworth 17W) Ord-áte. 3d.
Micellaneous
Flowmaker Ord—191 64.
Canadian Pacie Ord-94015.
snard Beamship Ordi
Forestal Land & Timber-12#
5.
Furness Withy brd-450 Oct,
Mynækons A China Tas-IA
Hudan By Ch-2.
Net,
0,
The China Det. Ord-9 Tant Securities Ord-21 P.&. Stom Nav. Def-91 3d.
Minea
British Tin Investment-45R. De Boere Def-127ad,
London Tin Carp-10 10154.
Mount T-BAR BA.
Petaling Tinto 754. Hand Belection 414 d Rhodesian Anglo-Amer. Rhodealert
Balectini
Thokana Corp.—40€ 04.
Ord-Bl
Trust-9
10 Tipto (Bearer)-35#.__? Hosn Antiopa Copper-ču 4553, Welkom Goin Mintneella. Western Wakilan—1PM 0. Bouthern Malayan
Rubber
Anglo Indonesian Plant,—46 43⁄41⁄2d. Cevion Tan Örd-21h 30, Imperial The Ord-15, Kuala Lumnir Kanong—J# 41⁄2¢. Tambak Rubber-ska 30.0
Reuter.
Agreed merchant
Swine
rates
Fennes
million, the Federal Reserve ('selling 76-11/16 Board reported.
The Board aald ogletanding Instalment debi owned by con- sumers rose by $100. mililon in the month after adjustment for seasonal rends, The June in- crease followed a gain of $27 million in May,China Mail Special.
UNIT TRUSTS.
Fitst Hongkong Fund: $1.27 (buyer) $1,85 (seller),
Second Hongkong Fund: 20 cents (buyer) $1.02 (solier).