THE CHINA MAIL, FRIDAY, SEPTEMBER 22, 1961.
STOCK EXCHANGE
WEEKLY REPORT ON THE HONGKONG
THE MARKET WEAKENS
Prices decline in all
sections
The market weakened this week with prices
dropping in all sections on
volume of business.
a reduced
The only stocks to remain steady were Trams and
Nanyangs.
U.S. assures tin-producing
countries
Washington, Sept. 21. The United States assured tin-producing countries today that planned sales of surplus tin from U.S.
with
Hongkong Banks, which had staged a recovery last week. feil back to $334, compared $35 on September 14.
Wharves' closed at $352 (sel- fer price), a drop of $25 on the previous week.
wonk
The turnover for the under review (Friday to yester- abcel was
$13.700,000 compared with $17,770,000 for the previous week.
Market diary
Friday: The trading through- t the day was brisk but price changes were irregular mal shares agult fractional, Dock
attracted attention. Wheelocks!
advanced on jout demand, the
1955
stockpiles would be spread w hires advancing out over several years at than the old. Kowloon Dus made prices that would not up- sed marks on a fanover above i set the world market.
undertone with
age. The interval apart from -the particular shares, WAS
wately, spread. The was strong at the close
uf Slates nover
$4,950,000.00.
A State Department spoke,
This statement nan who mate
the United also poid woute consult the governments of th-producing volantrina Wit mivance regarding the ratu mi! romlifier. sate."
Protest
approximately
Dividends & Bonus announce- nt chiring the week: Stacere * Cu, 10 cents per shure.
were
IK Bank
Lombard Wheelock NK Wharf
HK Realty NIK Tra Star Ferry
454
at
Sept. 21
a glance ★
Up or Down
-24
Dividend
& Bohus
Yield (%)
The
share market
Aur. 24
380
Aug. 31
Bept. 7
Sept. 14
370
300
358
354
£60.
3.6
450
450
41m
$2.25
1214
12.20
11.40
11.50
11.20
30c
750
6.7
378
3781
3820
378
3529.
-20
$12
3.4
HK Docks
100
108
107
117
107
-30
54
3.7
Talkoo Ducku
70
48
04
64
60
ཡ་
$3.30
3.3
Provident
31b
30
20,00
38
29.30
70c
31.30
4.1
HK Hutel
43
41
30
40
3814
11
$3
7.8
HK Lands
7113
05
6516
#10
301xd
$2.40
3.0
2.35
2.55
2.30xd
2.36xd
2.14xd
-350
15.750
6.5
4014
59
38
39
38
ተ።
$2.03
3.2
236 xd
230 xil
230 xd
230 xd
-2308
strady
$10.50
4.1
125 i
110
112
JIA
109
-5
$0.50
H.7
3914
38
36
3611
3937
38
30
3x
3314 34
danden
$1,10
3.3
$1.70
4.0
4115
4194
4133
12
38
$1.75
4.5
02
01
581
571
34
3014
3B
38
3016
33
$2
51
50
47b
*Sn
46я
-2.
$2.50
5.4
400
40168
30
3831
3816
25c
$3
7.8
15145
-200
$1
77.5
9.800
24.00b
10n 32ex all
G.BO
0.80
∙12.200
78%
12 70
10.20
9.551 22.30rx all 22.30
8.60 11.70
DIAN
$1.25
13.1
21.00
-78c
$1
.
4.0
0.55
4128
30c
7.6
11
11.808
12
12
**
25.70
24.10
23.30
23.80
23
+30c --3 -8DC
$1.10
9.3
$2.80
4
80c
3.5
Tuamulis
Ch Light Electrics
HK Telephone
G. I. Cement
Dairy Farm
A. S Watnon
Lane, Grawford
Int'l Investment Allied
HK & FE luv
Textile Carp
Nanyang
Kowloon Motor Hus
Jurdines
13.20n ex all 13.20n ex all 13.40s
• When shares were five times their present value.
13.20n
ag-
Katanga ceasefire COMMODITY PRICES
pushes up London stocks
London, Sept. 21.
TORLIGN TACHANGE
NEW YORK Closing rates, Exgiand abil
Australia
30-days
1-aj
Others unchanged,
LONDON
Closing rates; New York
Amsterdam
Brussels
The Katungu ceasefire and a higher Wall Street
sparked early, speculative buying today but Montre the movement licked power and many equi- ties later reacted. Even so small gains scattered the list at the final belļ.
volu in the Fourning. white Companion and
MY Guillermo Bedregal, Lane,
Steels Engineering Inbrock Wileos Ord Cotvilles Ord-55% #
Dorandi, Long---29% 10. GURAL, Kren Úrd-BAR ¡01‚ð. Harland & Wolf Or-413.
! Copenhagen
Frankfur Lisbon
UNI Paris Stockhohn
Milast
Vienna
Zurich
The Bartel member of Bailover twins jumped ahead nearly four skillings to around #hillings but its British counterpart stayed unchanged.
the
Metal Box-B2s3d. Steel Co. of Wale34 Stewarts & Luyus Or Sommers & Sons Ord--478 14. Tube Investment-43% 30.
7144. !
4751
Vailed Steel-95 Dad.
Virkers Ord--325 50.
Beavian President Victor Paz Monday: The recent recovery E-tenant in a recent message to received a cheek today, when President Kennedy complained annst stacks fost ground due to that the U.S. plan to dispose of a reappearance of selling prus. 50.000 fonts of in from thewie Banks were quiet Wheel
the meks & Ducks strategie stockpile violated
irregular evolle ra-operation principles but fairly busy, losing ground of the albance for progress, before much, but recovering a
Shipping locks Dovext 1 Little below the close. Telne
wards by P. and O. Briush Motor Phones
That ground on foi:
atlar teas Right improved along with electricals, Centford
engineering Mecks, breweries copia bot
than pay the more president of the Botivlan Goy.
The for the brokerage.
cle and real estate. ernment Mining Corporation,
With wats quate
tushover 44 submitted a written protest in the While House which set approximately $2,610,000.00. Bollyla
consider the
Tuesday: 17 market WHA plamad da sales "an net of
weaker touy; with Teal economy aggression."
Banks king ground followed President Kennedy's reply to
market with the Bolivian President has not generally by the yet been the polic
However, State Deportment ents effeials said Crutinda for
tiper
Mu
W*** BU
ieregular crcasional
BIOVIS Price.chonges were The whole fractional and errat
Parnover whe je.
aprám
langunge of th Palivion vaately $2.346,001.0
s
plaint th mide public Wednesday: The purket up pawtext made by Malaya. an- pored a litle dronger at the her major in producer. Lopening. bus trading was quiet They said the United States
wall buyers waited for sell- intention is Rod
!
Shell shares
Shell Transport sharey rogr by 474 when the Company increased unounced dividend payment,
111
Mr F. J. Stephens. new scal of the £2,544,000,Ð} concern, is paying an Interim divident"
of two shillings per £1 share... | tax free.
I drive down lers to appear. Dealings were This is
The ne dividend
the present ingh price of tin itselective and the early promise rate as last year, but is being simply to dispose of unneeded was not hell, the chine being paid on an additional 19 miltie stockpiles at times of supply stull and easier. Turnover for
stres banderi round free to charlaga and comiquent higa
the half day, was approximate- shareholders In a one-for-five pires in th· world minket. That
ly $1,040,000,00.
issue earlier this year, and thus to the 14 Imarket Miuation Tow. UPL
represents a substantial increase. Mr Stophera also plans to
Agreed merchant
Thursday: The market today was again weak with a study split the C shares--which decline throughout the day closed might at 110/12d-Into Some stocks recovered a little ve hilling units,
which will at the rien bul they Werr
make them more popular with Flight and Exceptional. The
small Investors, Offer all shares | predominance ui
+250 on the
announcement.-- buyers hat only at bargain UP & Reuter.
lee which sellers were un-· netrug 18, mbuliming buying willing to meet. Turnover wha
rates
Canadian Dollars
maximum
18 TT 18-5/16 O.D.
cluse saw
A aproximately $2,240,000,00,
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Closing prices
British Government Securities 2. Canselietoter!- £1. 9. Conversion --4917. 25. Savinxa 1935/05 296-51/30.
36) Savings 1000/10-£ 75%.
Saging 1569/75-£077M
3. War Loun-33-7/10),
Overarās Bondi
German (Dwe
37, Japanese. Agentes- £130,
Banks & Insurance
Barclays Opil--750_991. Chartered Bank-ðin du. Guardian Asturaner-319 d. Hongkong Bank—£179. Landel Trust...128. Lloyds Bank-818 30. Lombard Banking Ord.—its, National & Grindleys-A Prudential Assur. A £2276.
tuval Bank of Co
Royal Innrance. Ord.—15:5
Firila Pas:
Hurma
Shell Transport Ord-H0, 194. Hoya uteh-£11-7733. Ultramar Company Hue.
AMERICAN
STOCKS & COMMUDITIES
WHEN SELL
WHEN QUY
TECHNICAL
ANALYSIS
On Stock Trends
Besearch Dept. PERENNIAL TRADING CORP. 16-18 Kainburgh touse
ators Hol TARISH, 13344
Electrle
Asane. Elec. Ilusteles-alis ful Birmingham Sound-40% B, Br. Eletronic Ind.-- 134, Best Ins. Callender. Ordwaïa du. Elec. Mus. Industries-30s English Eivatele Ord
d.
30,
General Electric Ord-27 Philips Lamp Works- £ FM? 4. Rediffusion Ord—50g 1990.
Industrials
Asst. Purtland Cement-72 71,4-
paremman Mardna Ordens dd. 3x1-15% 70 Beera Records Ord- FZS B Dunlop liber Orc-20r. Flons Ord-36 09.
Ginan tolls Orix, International Computers ---12- Turner & Nuwali Dard mais fad. Baflever Ord-1115 91. WECION' Tenge Ord--54, 101,
Chemical Impertal Che:deal 43rd- Gas 27. Chentiebla Ord---19% GL
as & Television Asst. Bru Pictures-N DA. Rank Drganisation Ord-25% 0. Stoll Theatresa 450.
Paper Howater Poper Ore-six 79%0. De La Rue Ord-$49. Spleers Ord-424 Del.
Tobaccos Hritish-Amer. Tol. Ori-[% $1218. Gallaher Ord-41% 75,0. Superial Traleen Dril-
31.
Motors British Motor Ord-13s Del. Jawker Siddeley Ogd-290 91. Jagr Cara Ord-11as 10. Rolls-Rovra Ord=45– 31. Westland Aircraft-124,
Bredford Dyers
Calleo Printers' Ord-12% 712d. Coats (JP) Paton & Baldwins--42 Courtaulds Ord-33 Fine Spinners Ord-13 4. Lanenshire Colton Ord-50% 1014.
Dreweries
7d,
Distillers Co. Ord-ady Bd. Gusiness (Arthur) Dri-51% 64. The Coupe Ord-128 $4.
Stores
Great Universal Ord-Ma. Heart Universal "A" Ord-is tu. House of Fraser Ordmåls 34. byonu (3) "A" Ord-07
Marks & Spencer "A
710. Oru-1
Tate & Lyle Ord-45, 10. Unlled Drapery Ord-45a Vlad, Woolworthy (Pû Ord.—Six”4%d,
Масеналсоц
howmaker Ord-159 79a.
Brit. Cornmanweal Ship. Ord-57 415.
Canadian Pacille Ord$43!!). Cunard Steamship Dril-15 Bu Vorentul Lati
10.
Oct.
Utf
Furness Willy
Mekong Chi
Timber-11s
Hutting Hay_Ca~£4,8/10.. Indo-Clune Del.
and Berustica frd-1.
D)
P. & O. Steam Nav. Def-dis $4, AFICA tean Cup. BA-1ZJA Anglo American
Drit. Buth Africa Code 93, Dritis in Investment-t al. De Berra Def—1329 Ori. London Tin Cory,—Ita 11⁄2¢1. Merunt -- t
Petaling T-
Rhodesian Anglo-Amer.
Oru-5$A
itle Tinio (Benter)-35%. Rom Antelope Copper-ha 3. Beton Comoration--15% 36, Welkam Ciola. Mining-12 DT. Western Holdings-16 3. Southern Malayan Tin-als DA
Maher & Tera Auto Indvarslan Piset-41 30. Tea Ord d Serial Tea Org-he net. Kuala Lumpur-Kepong-34 218. Lambak Hübber-ta 01.
-ileuter.
UNIT TRUSTS
First Hongkong Fun: $1.00 (buyer) $1.1? (seller),
2.811-2.81
Jan./Mar. Apr/June July/Sept
2811-2545 251-2398 251-23^ General markets, est basis, pariat
Diet.
25-251
Nov,
Estate grepe
thin Oct.
thick Det
25-244
28**
201
AMSTERDAM Closing prices all in guilders per kilogram, c.i.f. Sept.
2.8140 No. 1 rebber
2.8040
2.7800
Nr. 2 rubber No, rubber
7 23:5
No.
en 13/10-2.89 16/10
10.1773-10.17
139916-140.035
19.3731-19.3742 11.24-11249%
20.22-80.30 20.021-20.02% 13.83-13 830 14.33!;-24.533L 1743-174315 72.67-72.60 12.44-12.30%
SUGAR
NEW YORK
Closing prices, alt t cents
per 1.
flat.
Contrael No. 8 (world)
Crepe
233 buyers
2.32 buyers
2.27 buyers
COTTON
NEW YORK
ឡានអីខ្លួនក
ព
30.20
WALL STREET STOCKS
CLOSE MIXED
New York, Sept. 21.
The stock market closed narrowly mixed in more
active trading.
The market was a Bitte higher at the opening following yeater- day's into rally. It climbed ahead substantially in the frat hune and continued to climb in early i afternoon trading, But profit- taking entered the market and erased virtually wil the gains by the close.
Most guins and losses ranged from a few cents to around one dollar a share.
Even the major market Indi- cators closed mixed. Standard and Poor's
comprehensive 500 stock index closed a mere three cents higher at $66.99. The S& P 425 Industrials also gained three cents at $70.50.
The Dow Jones 30 Industriais were down t mullest 101 at 700.31.
of 1,257 issues appenting on the tape. 542 advanced, 470 de- efined and 230 closed unchang- ed. There were more new highs than new lows for the year for
a change-37 to 25,
Car stocks
as
HONGKONG
STOCK EXCHANGE
by
Our Own Correspondenky |
Business done on the Hong- kong Stock Exchange this morning amounted to proximately $1,920,000. Noon quotations und the morning's transactions:
Елитер
HS Bank
Buyers Sellers
-
334
Anle
40330
200 234
1024
49 12 333
לא!
Lon. Iteg Alled Inv.
0.40
11., & PE.
Invest. [Hights)
21.40
Winri led
340
10.70 10.00 2375
The car locks ted the early advance just
they yesterday's rally, but they Turnud mixed by the class. Sleeks, udrenits and non-ferrous nicials duriined. Mest other KTUS were mixed.
The Assoginted Press: 60 Slock Average fell 50 to 251.90.
Volume
3,340,000 shares from 2,700,000 shorea traded yesterday.
Wide
ros?
movements
Wheeluck
(Old)
2000
(New)....
10% 10,80
1000
MX Dock
Taikoo Dock 585 395
++ 106 100 404 100 400
300 G SAB
Provident
29,40
Texas Instruments,
included down $8.75
HK Hotel
39
RX Lund
XD......
$91
2012 CO
2000010
400 501a
300
1200 GUS
1000
400 20s
200 00
200 55
to $110.30; and Gillette, which
rose: $7.75 to $127.
Of the 15 most active stocks, eight advanced, six declined and one was unchanged.
HK Realty
XD
2.09
Studebaker-Packard again led The volume list, declining % to 12 cn 100,000 shares, San Diego Imperial was second, unchanged 61,400 shares. at 14% General Motors was third, up | KMD.
On
to 48 on 50,700 shares,
Ford Motor was fourth, up
400 BAS
2.10 $200 at 2.10
23020412.175 25000 or 2.19 23002.05
HK Trem
001%
850 601k
200
250 4 1915
500 00
70 cal
400 / 108
103
500 6 231
Closing prices all in cents per
Jb.:
Spot
3.49 nun
24.50
LUPI.
Mar
to 194, followed by Bruns- Yaumati
107
100
100
May
wick, up al 59%.
200 or 100
OF
Other active gainers included Standard Ol (New Jersey)
De 198
Ch. Light.
43 334
LIVERPOOL
Closing prices all in cents per
[b.;
American Contrael
24.20
and Standards Killman.
Active leaders included Aveo Ma American Motors and Chrysler
1700 A
1000 330L
1540 * 27
300 33
500
HK Elec.
33
34
24.70
100
Mac
25.10
25.75
1% and Union
July
28.33
Carbide 1AP.
25,30
25.30
Mixed Contract
200 301
21.00
Dec.
Mar.
25.45
U.S. donation of
100) J
IK Tele.
Dkt
1 38 1000
May
23.90
July
3.70
Nov.
4.01
1000
Det.
Afov.
0.13
20.10 9.70
May
Jisty
Spot-Bulk, duly pai
4.03
Find Sales 17 contratt
Quen inte"end: 1,167 eontracīs,
UPI.
Mar
May
Sept.
Spost-World Averages)
Total sales: M contracts. Open Interest: 653 contracts
Contract No. 7 (domestle}
RUBBER
NEW YORK
all in centr per b.:
METALS
NEW YORK
Motorola fell 2%: Xerox 31⁄2; Radio Corp.
vegetable oil
Washington, Sept. 21. Secretary of Agriculture Me
Frooman told a press con- ference the Agriculture HX Gar
to volunteer relief agan- cies for consumption
Ale
Jardines
200
1000 33
10.00 11.40 1000 11
3.30
Closing prices all in cents per
400 million pounds of yegetable oil during 1962
Department would donate Glintan
3.90 3.90
5.00
23 102
300
Dairy Farm
Cement
灣 400 430
2000 G# 331
Lead
Tubber fatures closing prices,
Sepi,
10.10
Oct.
10.12
overseas.
Textile
REX
Standard
Zirc
Sept.
10.60
Now.
2000
23.LA
Most of the oil would be
Navyang Anal Rub.
10.35
Trust
6.50
Jass.
20.00
29.20
Local
Mur.
20.30
29.15
Copper
May
2.19
Sept.
30.30
July
50.10
Cl
J0.41
Dec.
30.03
& P
Sh. Dock
20.30
Underwriters
2814
450 20
Sept,
22.10
YAR
30.53
SINGAPORE
1050.
Ah. Lend
50C
Mar.
30.50
Hemphreyя
21.00
Closing prices all in Straits cents per b. fo.b. Malayan perte: No. 1 Sept.
M
30.48
July
30.45
Magno Elec.
8024-00
LONDON Closing prices, all in sterling
Itupe
Lone, Craw,
Del
No. 2 Bepl
BS-61
ส4-
per long ton:
07:
Buyers Sellere
832-332 Tia
Spot
010-853
052
040 1J3
No. 3 Sept
No. Sep.
Spat rubber unhaled'
Anket erept
No. I pale crepe
LONDON
Closing prices
per lb.;
Na. Rex aput
73-7974
70-77
3-menti Copper
11-2012 Spot
ali in pence
251
23-25% 2012-253
3-month Lead
Spot 3-month Zine
Spot 3-month
01
7615
7.5%
Settlement house terint
Onl/Dec.
Oct,
World
New York, Sept. 21.
Rex rubber futuros closed 20
to 25 points lower with
soybean oil, he said, since the United States enjoyed an out- standing crop of soybeans this year, 13 per cent higher than output
of soybeans "In The programme, would lavolve Star Ferry slightly more than 40 million bushels of soybeans, he said.
Reller agencies had asked the Department to donate 300 millon pounds of vegetable |
the oils next year. In 1981, Agricultura Department | don- ated 100 million 2271
pounds of i vegetable oils for relief pur-1 poses abroad, China Mall Special.
Cold. Macg.
[Ord)
Exchange rates
Business was done in the local unoMcial exchange market Arus morning the following, rates:
6.TOT
rubber
market
sofos of five contracts.
In Amsterdam, Standard contract closed Ave market was dull.
to 25 points lower with no sales reported,
as the
the rubber
In the Intnor
In Singapore, quiet conll-- The futures market, as well tlons uga prevalled
and spot
with BOMO shipment market situations, continued extremely fluctuations, quiel with dealers nud manu- Seme bull liquidation was facturers Inleating Hittle more well absorbed at a lower level than routine curiosity in butan the wholo Biere was little hellation to trade, Lower prices.
Brokers reported alpment sheet demand remained matt offeringa in
was noted moderate supply, but better demand 11 at prices too high to Interest for rilled grades.
Quiet conditione continued potentiaf byers.
Locally, spot No. 1 195 was with an cler trend apparcul noted 30 cents and current lalee in the day. At lower levels was interest in nentby mouth 30 cents a Brand, both ther
Juten. thuninal.
'Thi London, the rubber market Tower sheet interest in tower we barely leady, Spot quoted sheets was thin but unnatified 1 263. No. 1 1153 spot 25% with differmitale infined to be
Becond Hongkong Fund: 35 cents (buyer) #1 centa (solter), 'gals with no business.
/farrow-UPT
U.S.INVESTMENT QUOTATIONS
The following are investments as in American dollars. Buyer's prieit Include contiision!
Amulated Fund
An Bus Bars.
Atam Day, Mut, Axe Hurt D. Bitlose Fund Canada Gen, P3. Camilan rung. Cartarian Tv. Br. Chemien Fund
Sellers Buyers 07.07 9.a 4.70 0.11
7.02
4.20
14.00 10.07 10.18 17.05 10.34
20.38
12.30
12.02
13.00
Casinonwenith Disc
20.28
DRIVIJERGS__Dhrs.
៩.រ
Dreyfus Fund
Estup & II. Black
Precirles IV,
7.4
Founders Mul, ra.
Hamil Pu, IC-7
4.60
Inmi Found Instil Growth Inwizi, Jurum) O
12.13
A.47
Invand Tr. Doston Keystops Cust na Kepatihe Caunda
2.72
22.00
24.06
10.90
Mam tay. Tr.
15.01
Mard Growth
JR.17
Hot Ers. Bet ir.
Hetinder dy, & C
Tejer Kl. Parad
Welington Fund
U.B. dollar iper $1)
Sterling notes iper C Australian notes iper, El
17.50
Japonese yen, (per 100
1.51
0.30
1.12
Cambodia riel (per 100) French new franc iper Bession cruzeiro (per 100) Argentine poso (per 1001 Koteen hwan (per 10001 Chinese JMP (per 1) Hasan Hra ver 1,000) Taiwan yuen per to That bali (per 1001.... Thurmese kyal (per (0) ..... Iphisian rupés (Der 10)
Macau patsen (per 1) Norwegian krone (per 100) Philippina peso ipar i
ingapore train
Swiss frane for per 1) ... Netherlands guider (per 1). West German 13-Mark (per 1 Culion peso (per i
CHICAGO GRAIN
0.994
Chicago, Sept. 21.
Grain futures closed steady. with rye losing ground near the sesalon's epi
Chlengh rys" priers dropped In sympathy
with
those in
KLOCKA
Winnipeg which moved' lower preminably
n expert were Alled. Profil-taking was also a big factor in the down- ward movement-UPI,
་