Pago Z
THE CHINA MAIL, FRIDAY, AUGUST 11, 1961.
WEEKLY REPORT ON THE HONGKONG STOCK
EXCHANGE
FURTHER SMALL GAINS
Highlights of * The share market at a glance ★
January-June
trading
The Hongkong. Stock Exchange registered small gains this week as business con- tinued under the restrained tempo of recent weeks.
ex
the
The volume of business for (Monday four-day week was a holiday) was about $12,- for the 110,000. The turnover previous five-day week Was übout $19,680,000.
The leading share, llongkong closing price for the previous Bank,
kume regained
lust Thursday was $10.70. ground. closing at $390 dividend after reaching $304.
Price movements were stendly during
weck with The
one' excepilon-Hongkong Mines.
Hongkong Mine shares jump- ed nyemight last Friday from sixi cents to 20 cents on a rumour that the company would be re- operating its less mine in the New Territories. The mine bad bren Idle since June 1958.
|
SIX MONTHS
The volume of business for the first six months of this year has passed the figure for the whole of 1960 which was up to
en an ull time record.
A total of 429,250 Mine shares changed hands on Friday. Those shares gradually eased back to closu yesterday at seven conts, i
*The splitting of Bank shores which rose steadily to International Investment
a gond gain $456. The equivalent of those shares showed following the company's - shares before splitting would be
i The highlights of the period from January to June this year wore:
nouncement
Wednesday $206. 079
*Gilmans
at-
from $0.00
also shares that it will recommend dividend and bonus of $11 tracted attention and rose by 40 (compared with $75 cents for per cent. the previous year). and 2 honus Issite of one new share for every 10 shares held on September B.
Investments International eiused at $16.60 yesterday after reaching a peak of $10.00. The
U.S. steel output declines
Washington, Aug. 10. The Commerce Department reported today that U.S. steel output foll sharply in the first half of 1961, year compared earlier, while output rose in the Soviet Union.
to
Soviet production in the Arsi half of 1001 reached 38.4 mil- lion tons, up 3.1 million tons from the same months of 1060. U.S. output of 149 million tons felt nearly 16 million tons be-
the year-ngo level.
In
+d
that Japan
The Department also report advanced to fourth place among world steel producers, displacing the United Kingdom.
A substantial increase in out- put in the second half of 1981 to bring the full- is expected year total to the 1960 level of 100 million inget tons.
TARO AMERICAN.
STOCKS & COMMODITIES
WHEN
+ BUY
Market Timing
For
Maximum Profit
THEO -TECHNICAL ANALYSIS
Research Dept.
PERENNIAL
TRADING CORP. #16-01 Edinburgh House Itong Konk Tal: 24246, 30306
* Wheelocks rose to more than
NK Bank
Lombard
13.80 ox all 13.10 ex all 12.80 ex all 13.20
Up or
-114
Dlyidend
& Bonus
360*
$1
Yield (%)
HONGKONG GILT-EDGED
STOCK EXCHANGE
Our Own Correspondent
Business done on the Hong- kong Stock Exchange this
morning amounted to appro-
CONTINUE TO RISE IN LONDON
London, Aug. 10.
ximately $1,890,000. Noon quo Git-edged Jumped smartly
lutions und the morning's transactions;
-
20.30
Eston
55 4 200 501 200
21000 125 4300 up 23 Wharf Co. 380 194 100 of 384 Wheeluck
13.0 13.10 000 is
B0019.10 100112
July 13
414
4912
July 20 404
454
July 27 382xd 489
Aur. 3
384xd
Aug. 10 390xd
Bowi
++++G
2.0
45n
4316
$2.25
4.3
Wheelock UK Whart
15
200
7250
5.6
402
SBD
374
302
395
+4
$12
3
Shares Buyers Sellers
HK Docks
117
114
111
111
112
+1
3.4
Talkoo Docka
76
73
72
7134
+500
$3.20
4.0
UK Bank
XD
208
Provident
3414
3314
3244
323;
33
+250
$1.30
HK Hotels
4714
404
45
4432
4514
+-500
Ik Landa
77
744
73
7314
steady
$3 $2.40
0.0
Lon. Res...
Allied frv.
200
500 10.30 10.70 1000 10
3.%
HK & FE
HK Really
Ay
2.05
2.625
2.624
2.08
142.50
13.750
5.2
Inv.
HK Trams
44
42
4016
41%
$2
+250
$2.00
Star Ferrr
240
2485
240*
Yaumatis
135
134
130
129b
2461 130
steady
$10.60
+1
$9,50
Ch Light
40
30
3814
4014
10
500
$1.10
112
41
39
4114
-500
$1.70
Talkov
71 74
5714
0514
63
4711⁄2ex issues 4071⁄2ex luaueş --780
31.75
Provident
3215
07
05
03
0334
GL
4234
41
3914
41
4136
+500 4.250
IK Hotel..
$t
HK Land .. 2016
548
G3n
43n
32
32.
steady
$2.50
50
4954
49%
4834
43n ex ali
HK Really
10.10
15.70
15.00%
18.70
16.00
+90€
$1
10.00
$1.26
7.60 12.200
2014
4.00 11.40b
24.90s
7
24.60
26.70
+-100
900
KKTAI
414xd
·
0.70
200
8114
BQ
11.80% 78
11.70
12.10
+400
7014
80
+50c
51.10 $2.85*+
K: M. Bus.
28.90
28.30
27.80
27.80
28
+200
800
Electrica
HK Telephone
G. 1. Cement
Dairy Farm
A. S. Watson
Lane Crawford
Ini' Investment Allied
HK & FE TRY
Textile Corp
Nanyang
Kowloon Motor Bus
Jardines
11.10b ox all 111⁄2s ex all tii ex alt ils ex all 26.60
• When shares were five times their present value.
** Expected dividend for year ended February 28, 1961,
WALL STREET
STOCKS GAIN
New York, Aug. 10.
$17, and Rights Stocks moved irregularly higher today after
two sessions of mild decline.
slightly
to new Issue were declared. Those shares ended the period
$14.30
rights. cx
The
Sates
below 1 Stokely-Van Camp. volume
Ave lihan of more
Studebaker-Packard Com with Dow- Swift & Co. pace million shares
represented the yesterday's greatest value of shares traded ones 30 industrials edvancing Texas Co. moderately und Standard and Time Inc. during that period.
Time Inc. Poor's 500 stocks ploking up *The Telephone
Union Carbide
company
United Aircraft United Gas Corp. V.3. Gypsum
sold its elty home to Lone Craw-the small gain needed to reach Union Pacife Raliway
a new all-time high. fords for a considerable sum, resulting in an increase in the| share prices.
US Smelting
Features among the quality us. Line Co. issues included Alcoa. Jones US Rubber The heavy publir oversub- seription for the new issues of and Laughlin; Ford; Chrysler; US. Stret
Texaco; with Warner Bros. and and Goodrich;
gains of a point
Westinghouse Electric or moro, was major weak Woolworth K. W. Anaconda so losing over a point in the
But
Kowloon Motor Jardines.
The Utility section was the Imost active scetion and prices maved up at an average of 25 per cent throughout the section.
The turnover of more than $200 million for March was the highest of qoy month on record.
Market diary
Friday: The day worked up from a quiet beginning to
♫
brisk tempo of trading, closing. after some irregularities, with n balance of golns. In the morning session buyers outnumbered sel- lers by 3 to and prices rose in accordance with the natural rule. fuc- The afternoon saw more
some stocks tuation in prices, Improving still further, others receding fractionally from their best. Hongkong Mines were
다
feature of the day rising from
metals.
Today's volume was 3,570,000 shares.
Of a total 1,270 shares traded 570 were higher and 448 lower. American Exchange volume was 1,150,000 shares.
Bonds amounted to $5,000,000. Dow Jones closing stock averages:
15 Utilities, 719.01 of 0.14. 30 Industriais 120.49 up 2.92. 20 Rails. 139.58 of 0.05.
65 Stocks, 237.92 up 0.40.
Closing pricos
held Arm until the close. Turn-Allis Chalmers 7 cents to 20 cents at which they Allied Chemicals over was approximately $5,180,- American Airline
Ainer. & Forgli. Power 000.00.
Ain. Ca & Electric Dividend & Bonus announce-American Melp! ments during the week: Star American Smelting Ferry Co., Ltd, Interim $4.50 per American Tel & Tei
American Tob share.
Anaconda Copper Tuesday: This morning was ATT the quietest morning for a long Attus Cons, Mining Baldwin-Lima-13001. time and yet prices in the few
Balmore & Onl was any Benedets Fance change were generally better Bendix Aviation Curp. than last week. The same cau-Betlehem Steel Boeing Alplane
cases
where there
lious atmosphere that we have Cana Brewers scent of late continued and again Campbell Soup Co. Vilties accounted for most of Canadian Imelfie ft. the moderate business. The close Case (J, 1.) Co. was quiet and rtn with busincas done to the volume of $2,230,- 900.00.
Cuça Cola.
COMMODITY PRICES
COTTON
NEW YORK
Clusing prices all in cents per
1.:
Spel: 35.06 num; Oct: 34.00: Dec:
20% 35.13; Mar: 39.63; May: 2014: July:
35.23 Oct: 33.15; Dec: 35.20.
NEW ORLEANS
Closing prices all in cents per
4115
100
Ib.:
מח
Sput: 32.00 on; Det: 35.34; Dec:
Spol 3-month Zine
Spot 3-month
33 FRE
TOREIGN EXCHANGE
HK Dock.. 111
200 usi
200 g 33
200 $ 73%
(Old) 2,425 2.63 50000 2.65
(New) 2.475
415
Youmali
2000 2,075 100002.05
42 2000 G 42
2000 20014 1079
79 79%
300 60 50
100 or 70%
Ch. Light 3015 201
Electric.... 4015 +1
Issues 482 4015
Telephone
Ex
НК Сав
... 2180 21.90
300
70%
21.00
100 4
500 71.80
Glimen
4.00
2000 of 4.90
Jardines
27.80
Cement
63% 04
Dalry
43 4245
300
2000 + $1
Watson
42
Textile
NEW YORK
XD
1000
Nanyang
12.10 12.90
1000
2000
住
12.30 3800 12.00
2,2013
2000
2,7944
1600 € 100
Zivian
32410
Closing rates:
95.38; Mar: 34.001; May: 36.39; July: | Canada 30.10 Out: 35.20; Dec: 33.35.
112
522xd
13T+
101EX
33
lb.:
172
73%
LIVERPOOL
Closing prices all in peace par
American Contract
Oel: 24.30; Doe: 24.515; Mar: 23.40; Miny: 23.70; July: 25.8; Oct: 25.70: Dec 25,70.
Mixed Contract
Oct: 21.50; Dec: 24.95: Mar: 23.40; May: 25.70 July: 24.25; Oct: 0.19: Dec 20.18.-UPI.
Chicago RUBBER
grain
market
Chicago, Aug. 10,
LONDON
Closing prices all in pence per
No. 1 Spot
England official
30-days 20-days
Australia...
New Zealand South Africa
Others unchanged.
LONDON
Closing rates!
New York
Montreal
Amsterdam
Brunstis Copenhagen
Frankfurt
Lubon Delo
Paris
Stockholm
Milan
Vienna
Zurich
ib.:
Aug.
Settlement house fer
24
term
24%-24%
July/Sept.
U.S.
Del/Dee.
Jun Mar.
Aur/June
July/Bapt.
اكت
231%-25% General markets, ca.f. basis, ports: 2423-243 246-24** Sept
Grain futures moved higher Au
on the Chicago Board of Estate crepe thin Aue.
Trade as dealers
evened
up prior to a government
crop report
the day.
30
duo later in
Wheat closed unchanged to 122 up 2: corn up 4 to; oals up
% to 1%; ryè oir 1⁄4 tò up 34 soybeans off to up, und 11, drummed ford unchanged to off 51% 10 points,
Exporters said Italy
thick Aug..... AMSTERDAM
2.440
1.4000
2.004-200 22.1931-2.8915
10,004-10,10 159.50-130.00 10.3492-10.347. 11.107-11.10 30.20-27.35 20.0594-20.02
13.779-13.772% 14.674-14,572
173975-1740 72.12-72.35
12.1001-12.10%
UPI.
INVESTMENT
QUOTATIONS
The following are investments s in American dollars, Buyers' prices Include commission;
Sellers Buyers
Closing prices all in guilders | Affiliated Fund per kilogram, cl.f. Aug. No.
rubber
No. 2 rubber No. rubber
No. 1 crepe
225 liver 2.30 buyers
-UFI,
METALS
A.
R. Trust
2000 47 12.00
600 12.00 40000 12.00 1000 12.00 2000
3000 47,70
Rubber
7.70
7.20
2,205 g
Sincere
Cus Hotel 40 4
HK Mine
700 $11
600 4034
7 Be 10000
20.40
Int'l Inv. Union Humphreys Star Ferry Maçao Elec. 13.90 14.20 Hope
40
ahood again today help- ed by European buying for high yields, while a solling trickle kept in- dustrial stocks depressed to close with a broad rango of falls.
Government bonds took ON from the start, and rises ranged up to one pounds. Then the movement boiled over in spots and some were below the top
int the final bell,
War Loon 31⁄2 per cent, the biggest are, mared to 824th
and before fading to £5234
£% were wide- leaps up to
sprend
Gold minca
Coppers recoded
were
stoady.
at first but Tins
closed above the worst, wok small losses.
Shell led oils downwards 2/ 9 penco lower at 122/- and Royal Dulch lost 5/10th to close at £11th,
In pinnlations, t:as were easier and rubbers subdued.- UPI,
Closing prices
British Government Securitian 21. Consolidated-
3 Conversio$29.
1. Having 1935/65-28031.
3. Baving# 1960/70
3%, Bavings 115/7
35%, War Loan-5214.
Översers Bonds
B, German (Dawes)~~2011 B. Japanese, Assented-157.
Slank & Insurance Barclays Ord-18 6 Chartered Bank-63% 40. Guardians Assurance is 9.
Hank--€171S. Hongkank-43 Gd.
Lloyds
Lombard Banking Ord-15 201d. Prudential Assur "A"-33. Royal Bank of Canada-233. Royal Insurance Ord-1051 Gd. United Dominion Trust-£74.
Ou
British Petroleum 400 30. Burmah 01-374 30. Shell Transport Ord-129#. Royal Dutch-11. Ulframar Company-294 36,
Strals Engineering
Babcock & Wilcox Ord 20 111⁄2d.
Colvlites Ord-55: 30.
Dorman, Long-29% 14.
Guest. Keen Ord-00 715d.
150
Hatland & Wola Ora 1
101d
Stewarts Llayde Drd-dar tyd.
100.
WALL STREET CHATTER
Now York, Aug. 10. Joseph E. Granville, the E. F. Hutton and Co., analyst,
market Bays leadership on the upswing hot been excellent and this is expected to con- tinuo.
he says, are
particularly promising and this
type of loadership has broad bullish
the implications for market as a whole, and Granville says another constructive
sign weakness hao developed in the airline group which has shown strong
that
no
0.48
9.17
Am Bus Shre
4.00
3.00
228 buyer
2. buyers
Bullock Fund
Atom Dev Mut Axe Hought B.
-Made
9.32
10.13
114.40
15.07
The molors,
Canada Ger.
15.54
10.00
Canadian Fand
18.30
19.
Canadian int, Gr.
11.50
13.07
Chemical Fund
13.40
13.40
Comwith Stock
17.00 10.50
Dividend Shre.
3.44 3.70
Dreyfus Fund
17.31
19.03
Is
Eaton & H. Stock
14.28
35,43
Eletromer fav.
1.30
A42
Founders Mut, Yu.
13,50
13.76
Hamil Fd, BC-T
6.70
0.31
Ineth Found
11.07 13.00
Instit Growth
12.00
13.19
Instit Ingema
4.04
Invest Tr. Boston
12.31
13.67
Keystone Cixi 12
21.29
23.77
Buyer Sellers
up to of
Spot 3-month
Boot
Lead
$120
734
009
230!
2301
Keystond Carada Mars Iny. Tr. Mass Growth Not Sec. Ber Gr, Boudder SL & CI Telev El. Fund Value Line Func
10.12
1240
10.51
17.80
17.33
0.76 10.47
20.48
20.10
12.73
3-month
20115
Wellington Fund
12.00 12.19 15.40 10.82
about $30,000 bushels
bought
of hard
wheat and Yugoslavia 165.000
10 bushels of red wheat, Britain
took some old crop corn, while
LONDON
Closing prices, all in sterling
the continent bought old and per long ton.
40,000 bushels of yellow
wheat. Wheat
took
hard Tin closing range: unchanged to 1⁄2 ceni. Soybeans Copper
237:
Chase Muniat. Bank
82
new soybeans. Morocco
and
60
7ZA
closing range:
3992
23229
Chase Manhat. Bank Chrysler holors Colomutan Carbon Co. consolidated Edison Crane Co... Cuban Amer. Sugar Diamond Alkall
Commercial Credli
Douglas Airgroti
Eastman Kodak
Wednesday: The tempo of the market was unchanged. Inter- national Investments reacte: favourably to a good dividend announcement. Telephones were done in good volume at steady upont de Nemours prices. Turnover was approxím-| Eastern Air Line ately $1,720,000.00.
Thursday: Price changes again Firestone Tyre & Rubber
Ford Motdr..... were negligible in a light day's General Electric trading. Nanyangs provided un- General Foods usun interest and rose to $12.10. General Motors
Gelly Oli International Investments ad-
Ogürich (3. T.) Co. vanced further to $18.80 in early Goodyear Tyre trading only to fail high in the quit Cit afternoon to $10.00 with only Hayden Newport Corp.
Homestone Mining Co. $18.20 being offered. Kowloon Int'l Business Machines Motor Bus and Electric Com-toti farvester pantes accounted for a good International Nickel share of the business of the day International Paper which just topped the $3,0BB, Ini Tel & Te!
Johns-Maavilla Co. 000.00.
CALL 59195
FOR GENUINE DRYCLEANING
COLLECTION and DELIVERY.
SERVICE
THE STEAM LAUNDRY CO,
No. 1, Kwong Wa Street, Kowlpon,
Kenneente Copper Litten ind........ Lockheed Aircraft Loews Freorp.
Lone Star Cement Co. McDonnel Aircraft Minnesota Mining
Mimien Development
Montecatini ........
Montgomery Ward National Cash fter. "A"""
National Lead
New York Central
Olin Mettilemors
On Elevator
Pacific Oak & Piec. Pan American Airways Paramount Pictures Prox. Salt Co... Fitburgh late Giann
Corporation Repubite dest Swynolds Metal Thyholds Tobacco
Then MR.
Shell Oil Cu.
10 cent.-UPI,
4214
גלת
141
10%
40
Social OLE.
40**
Bocony Mobil on
401
Houthern Raliway (Com.)
Ape and
301
Blanderd hande
Bandard Oil'st Cri.
Blandard Oil of Ind. Standard Gu of NA Blerim Dion Col·
0.00
7.18 7.85
tendency in the past to tur
ahead of important rallies and down before Iraportant declines..
Martin
*
Gilbert of Von Alstyne, Noel and Co. says he doesn't believe the market will
be set back at this time. He is sure that after some digestion of recent Kaina fulgher levels
will be seen.UPI.
Exchange rates
Business was done in the unofcial exchange market 1bi morning, at the following rates:- US dollar (per Bil
7382
| Sterling ngită (për £1)
Australian notes (per 1, 12.26 Japanese yen (per 100) ... Cambodia rial per ICO)
10.92
1.35
0.40
1.14
3.30
100
5.00
French new franc (per 11 Indonesia rupiah (per 100) Brazilian crusteira (per 100)
| Argentine peso (per 100)
| Korean tiwan (per 1,000)
Tatian Hire per 1,000)
Chinesa JMP" (per 1). Taiwan yuan (per 10) The huist Ipar 100
Burmese kyat (per 10
1.30
0.20
DAS
1.37
27.18
5.05
| Paklika rupen (per la)
7.00
Maesa pataça (per 1) ....
1.004
Norwegian krone (per 100).. Philippine peso (për 17, 20
| Brigapore straits Type 11
........
0.00
Summers Se Sons Ord-4 Tube Inverments--84 743d.
United Bee1-334 1011⁄2da
Vickor Ord-32 d.
Electric
Assoc. Elec. Industries-15, d. Brit. Electronic Ind-30s 1d. Brit, ina Callender Ord-58 3d. Elec, & Mus. Industries 339. English Electric Ord-s. General Electric Ord-30, 34. Philips Lamp Work₤2014. Hediffusion Ord. 11s ch
Industrial
Assoc. Portland Cement-744 411⁄2d. Boardman Marden Ordag, Borax oldista)-18 2015. Decca Records Ord- 3d. Dunlop Hubber Ord-23 164
od. Gilman
Fions Oris ord-s
International Computar--921.
Newall Drit—659 411⁄2d. Unilever Ord438 30. Wiggins Trope Ard-57 3.
Chemicals Imperial Chemical Ord-70 435. Monsanto Chemicala Ord-710.
Cinemas & Televind Assoc. ll. Pictures-50 od. Rank
Stoli MENSEN Ord-203 Ed..
Paper Dowater Paper Ord-83. 34. De La Rue Ord 558. Spleets Ord Tobacco
British-Amor. Tob. Ord-B $4. Carreras "" Or 5d. Imperial Tobacco Ord-07 9.
MDLOFS
Molor Ora-16#_1158. Hawker Siddeley Ord-30s 2d.
Jaguar Car Ord--100. ** Rolls-Royce Ord-9 id, Westland Aleeza178 94.
Textiles
Bradford Dyers-16 $550, Callco Printers Ord-12 74. Courtaulds Ord-30 4d, Fine Spinnerton Dru-109 101id.
Ord-20 34. Lancashire Cotton
Brewerien
Distillers Co. Ord-15 4. Guinness (Arthur) ardie. Inn Coope Ord-12 10lid.
Stores
Great Universal Ord-45 d. Great Universal "A", Ord-40s Cd. House of Fraser Ord-531 Bd. Lyon (J)
(1) Ord-774- Marks de Bpencer "A" Ord—994. Tate & Lyie Ord499 7:30, United Drapery Ord-451 4. Woolworth (W.) Ord=67%.
Miscellaneous
Ilowmaker Ord-14 Jd. fitt Commonw),Bhip. Ord. ----- 20€ 10.
Canadian Pacific Ord-8t Cunard Beramikhip" "Ord=3&#° £4. Forestal Land & Timber=124, jonkong & Chine iludion Bay
indo-China Def. Ord-22% 11. nd Beruritics Ors-271 8.
O, Stearn Nav. Det.m40s 1944.
d.
Mines
British Tin investment-48 De Deere DateSIN 30. London Tin Corb-lm 30. Mount BA-150.
Petaling The 3d.
Hand election-49.
Rho AN ON-578.
1d..
thekana Corp.47.
Trust
Jio Tinto (Beareriiäde_1035. Roen Antelope "Copper-59 20 Union CorporationBox "10d. Welkom
Mining-1
West flank Investment Trust,16 $140.
Western Holdings-125s 3d. Fouinen Malayan Tin-254,
Anglo Indonesian Plantede 30, Ceylon Tea Drilon2lg B,
Imperial Tes Ord-10€ #d. Rubin Lumpur:dispong÷36 Bled, Lembak Hübberedda za.
The President of the Board of Trade, Me Reginald Maudling, (oxizama righ!) en- amines come machino jopl equipment daring his four of Britain's neges) geurarch centre for machine tools in Coventry, England, The_new_building and equipment are the test stage in a six-2015, £2,750,400 plan of Alfred Herbert Lid.. of Coventry, one of the world's largpel machine tool organisations, to expand, their faoliįžim fup" revenzeli pod development.
Awien trane (per
Netherlands giltiger (per 1). West German D-Mark (per 1) Cuban peso ippr"}}
Agreed merchant
rates
Canadian Dollars maximum selling 17-18/10. Minimum buy- Ing 18-3/16 TT., 10% OD.
Bwin Franics rinximum
UNIT TRUSTS
First Hongkong Fund; $1.20 (buyor) $1.35 (Heller).
Second Hongkong Fund: Deutsche, | cents (buyer) $1.08" (seller),
Whet
German marku maximum selling 6973/18. [
Special offer seller ́stice? $1.
pelling 76.
97