Bank rate cut pushes up
THE CHINA ́ ́MAIL, FRIDAY, OCTOBER 6, 1961,
WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE
London stocks PRICES
London, Oct. 5.
But
Stockbrokers cheered the neon announcement of a por cent bank rate cut and the news gave the market a broad advance with giltedgod in the lead. there was no price runaway and trading volume stay. ed light.
Prices had rice. rmer, the dealers pushed up prices but there was no rush to buy. i
bonds muule Government
CL
trong advance in front of thei barik rate news and then ran In profit-taking, but the bonis erled around half a point better on the day.
Amoak
industrials gains of 17 or more were conatibompiace bine clips goined. and us! Practically all groups responderl fo the aws
Dollar stocks mainly improved, Chrysler being the standout, 211⁄2
higher.
Gertans shadeel in benda---UPL
+
foreign
Closing prices
British Goverment Securities
Commofiintell -387
3. Savin
baris 1990 A
$322-374
77-1/16 Savings 4985/75 1085..
3 War Lisan- EA
Overseas Bozelk
Hanks & Susure
Hanteles et
<trert
Hardian Accutane Tap, Bad,
Camel pat
1.
Barist Bls 34
. Banking Chart - 13% [+]
Pentesiliul As "A" --1/16.
Hoyal Fink of Canada
Royal Lasurance
$5ritish Petroleum 44
Tab 11 254 9
Shell Tonneart Ded 117% G
Dutch 24-11 1
Wirel
27 1
Babek & Wileas Brd 2
2-$1
Dar
Guest. Keen 4-14 Harland & Walt Qnd--las and. Metal Box-32 1874 Steel Co of Wote 354.
Stewarts be hayata Ogd~» D! Sunners & Sois Grey S. Tube Investments 5 Walted St
ViPRETA
jecari
J##
Assoc. Elec. Industries
Assoc. Television "A" Dr-30 d.
Ind
1921.
g Sound-38
Ret Flectroeder Ord-s 1 Elee. Mus. Inchiries- English Electric Ort-2 3d General Electric Ord-25% 94.
Lap Works-£10, Redliti Ord 10
Industrials
Asso. Purtland Cement - 4 Haarde Murder Ord-1s 25. Borax lalding)--15 Deer Revistes Ori Dunlop
Card 2 the.
sons - Gilmar Holdings) Ord.-4. International Computers-004 Del. Torker & Newail Ords 1. Unilever Ord-14 d.
Wiggins Tape Ord-565 1.
Chemicals
Gid.
Imperial endel Ord-- Mouanto Chemicals Ord-13 3d, Cinema & Television Anug, Brit. Pletireen478 7d, Runk Organisations Gru-351. Stoll Theatrende 40.
Howater Paper Ord-ts. eta e Ord-813. Hem ABert
Ord---448 Bul.
Spleet Ont--41 0.
Tubartus
Belliner. Tol, Ord--62 111⁄2d.
790.
Carrerak "" war ord-07 Cl
Imperial Tobacco
Motora
British Motos Ord-13 79d. Hawker Siddeley Ord-20s 7d.
Cur 121 3d. Bosee Ord-425 44. Westlund Alreraft-17, 7.
Textes Bradford Dyers-13 7. Catie Printers Ord-12# 3d
“Puttri & Hakiw15-- Coals (OPT "Courtaulda Oed—3is 2d.
Fue Spinners Dril-231 8,
mshire Cotton Ord-10 14.
1stlers Ch. Games Arthur Ond-82 Oct; In Cape Ord-13.
43%
13492 1015.15.
Storey
Greal Universal Ort-32. Canal Ungeres "A" Orits 3
1 of Fruser Ord--a
ad
Lyuns 155 “A” (her)=-689.
Marks & Sprarer A
C3215
Birt
Ors),-
Pate & Lyle 1306-438 301. United Briety Ori--#is Ud. Walworth FW) rc--52% 1. Mber|larraun Chogemonweal Ship. Bril Canadian Pettie Orth-42d. City of
tent Pop-70% 1
d
30% 1
Canard Setship artis Forestol Land & Tuber-
SUS China Gun-239
Withy Ord-3 d.
Hudson Hay Co-44-3/10. Indo-China Def. Ord- Fats Securities Ord--20x hd. Stepin Nov. Det.-37
Angko
Mines
IIK Bank
Lombard Wheelock HK Wharf
Talkoo Dock
HK Docks
Provident
HK Hotels
IIK Lands
HK Realty
HK Trans
The share
EASE AT CLOSE
A reverse in normal trend
-#
+500
* Bonus
$1
Yield (%)
market at
a glance ⭑
Sept. 7.
Sept. 14
Sept. 21
Sept. 25
Oct. 5
Up or Down
Dividend
340
358
334
346
340
$80
3.5
451
450
4in
407h
Фл
+500
$2.35
11,40
31.50
11.20
1134
11.40
100
*760
0.7
362*
378
352s
3226
330
$18
3.6
107
117
107
113
314
+1
#4
3.5
04
04
GO
0214
81%
$1.20
20.00
30
ZP.30
28.80n
28.10
-700
$1.30
4.0
39
40
3814
39
391
1.8
65!4
G6
69x
€25%
G114
-I
$2.40
3.9
2.30xd-
2.35xd
2,10xd
2.20
2.20
Blondy
13.750
38
38
384
3714
88446
-
$2.05
3.8
230s xd
230 xd
230.
2305
2300
$10.50
4.3
Yaumatis
112
114
100
113
110xd
$9.50
8.4
Ch Light
30
30%
334
35
3494
-250
31.10
31
Electrics
3031
30xd
34
3614
35
-500
$1.70
IIK Telephone.
4116
42
3831
40
40
aleady
$1.75
4.4
G. 1. Cement
$830
59
ずれ
53
EM
--1
As
Nairy Farm
3014
3614
3314
3814
34%%%
-750
$2
5.2
47b
48x1
40%
440
4'10
+3
$2.50
6.3
Lane, Crawford
30
3854
3814
JD
3814
-750
$3
13.20n ex all 13,60s
13.30n
12.80@
12.30%
-30x
*11
8.1
10,20
0.55b
ቦሩ።
Bb
9
sleady
$1.25
13.0
22.30ex all 22.30
21.00
21
211
sleady
4.8
3.00
6.55
6.10
0.501
++400
11.70
72
1134 12
11,108
1132
11.30
+++100
23,30
23.80
69 23
67
70xd
$1.10 $2.80
0.2
4.2
23
2314
+500
800
3.4
Star Ferry
A. S. Watson
Int'l Investment Allied
K&FE INT
Textile Cora
Nanyang
Kowloon Matar Bus
Jardines
• When shares were Ave times their present value.
Exchange rates
Cd.
Humnes wan done in the
imarket exchange morning at the following rates:- US dollar (pese $1) ***** Sterling noten per £1. Asian notes per £1 Japanese yen per 100) Cambodia riel ther 100) 4drench new frame ther 11 Nazim cruzeiro (per 100) Argentine vera (per 100) Korean hawn her
toend
5.703
1.B
1.50
113
1.00
6.25
10
9.00
0.40
America Corp BA-122,
Brit. South Africa Co.-9. irius in Investment-140. Consulted Zine Ord-01. De eers Det-12 44.
ndon Tin Carp-10
Mount Isu-- fl
tattig in
Hand Selection-3s 1. thodeatan Anglo-Anar.
Stalon ra (per 1,000 Chinese JMP per 1 Talwan voer ther 10) Thai baht per 1001 Burmese
F
WALL
500
STREET MAKES
SWEEPING ADVANCE
ON HEAVY TRADING
New York, Oct. 5.
Stocks made a sweeping advance on heavy trading today, as blue chips
joined the upswing late in the session.
26.DU
Ord--53s,
[01 per 103 Pakistan ruper Maeno painea per I... Norwegian kreme per 100)
5.70
7.12 0941-1
1.68
Philippine pen (per 11
1.35
Swine trage
Singapore Struts
per 1)
1.00
1.31
Netherlands guilder iper
154
can
West Gremau D-Mark (per 1)
141
Cubin peso (per 1)
0.00
thoden Selection Trust-Na 3d Bhokan Chep-15 3d.
His Tino (Beurer-30 1. Houd Antelope Conger-1001 St. Helena Gold Mines-57, dd. Tronoh Mine-049.
Of a total 1.270 shares traded, 696 were higher and 365 lower.
American Exchange volume was 18,000 shares-
Only the cors were soft among | among the electronics. Wide- General Motors the major groups, as steels, spread selling recommendations Otty OR
Goodrich (..) Co. chemicals and all other sections accounted for roughly a three-cut Ou maived ahead.
point dip in Texas Instruments. Homestake Mining Co.
Today's volume was 3,920,000 dress Machines Johns Manville, Sears Roebuck,
Int'l HarvestOS, Woolworth, U.S. Steels, Amert- shares.
Internationof Nickel and Eastman Tobacco
International Paper Int'l Tel & Tel Kolak were among the point
Jotina-Marvilla Co sized gainers within the Dow-
Kaiser Industries Jones averages; Du Pont was eight points ahead at its best.
of a Aveo up 2% on news
contract $65 million
in a sharply improved defence sector. IBM added around eight and Zenith, Litton. Beckmon, Perkin-Elmer and Motorola,
Electric at least 1 Emerson -Heuter.
Ested Corporation-45% 19tyd. Welkom Ghia Mining-136 J. Wext and fivestment Trust-53s
Western Hablogs-115%. Southern Malayan Tin-318 30.
Ruhhết & Tras
Anglo Indonesian Pintis Rd. Ceylon Tea Ord-2x Imperial Ten Ord-171.
Kunda lumpur-Wepnong-3 04 Tabak Ruter-- dá.
UNIT TRUSTS
First
Hongkong Fund, ex
| dividend; $1.00 (buyer) $1.10
(seller).
Second Hongkong Fund: 07
i cents (layer) 93 cents (seller).
THE UNION OF
SOUTH AFRICA
(5)
EXPORTS
TO THE VALUE OF £700,000,000 U.S. $2,000,000,000
M $6,000,000,000 H.K. $11,000,000,000
.YEARLY!
And is An Excellant Supplier Of Your Requirements Including —
METAL INDUSTRIES
Steel, Iron & Pig Iron Mining Machinery
Rock Drills & Tipped Tools Agricoltural Machinery &
Implements Industrial Machinery &
Spares
Motor Spares & Accesorios Pipes, Tubing & Fittings Tops, Cocks & Valves Cast Iron Pipes & Cover Bronte. Bearing Metals &
Solders
Bollers & Condensers Wire & Wire Ropes Bolts, Nuts & Fasteners ELECTRICAL INDUSTRIES
Batteries
Matori, Generators &
Switchgoar Cable & Condult Transformers & Insulators CLOTHING & TEXTILES
Ready Made Clothing Fashion Wear
Fectwear of all kinds Blankets & Rugs
Worstads
Wool. Raw, Scoured & Tops
PACKAGING INDUSTRY
Paper Bags & Paper Sachs Cartons
Moulded Contolnars Egg Trays
AND MANY OTHERS!
Bonds volume amounted to $7,500,000-UPI.
Closing prices
Alden Ine. ACU. Allied Chemicals Allu. Chialmers American Airline American Melal American Smelting American Tel & Tei
Kennecott Copper Lition Ind.... Lockheed Aircraft
$57% Sungomery Ward
3027%
of trading
Stock
There was a reverse in the normal trend of
the trading on
Hongkong Exchange this week: the market started off favourably but cased at the close.
a result there were more minus signs than plus signs on the China Mail list this week compared with the previous week.
Price changes, however, were strongest with turnover apprux- small,
imately $3,850,000.00, The turnover for the week Monday: Trading commenced under review (Friday to YEH on a sciective note with Docks terday) amounted to about dominating the scene for the $13,000,000 compared with aboutirst hour. A lively atmosphere $11,050,000 for the previous 4-provallest and the recent beiter day week.
trend continued with a back- Reviewing business for the ground of strength. Interest month of September, an official spread over the whole market report states:
with some exceptions, the load- The general depressing, tongers being tendect in some volume. persisted throughout the first
Asin Navigation Jumped to $2.20 three weeks of the month ru with the new Rights quoted at Reved only by an occasional
Molor Bus 10 cents, Kowloon Teslatance to lower prices. Suel
gained $2 on the day while resistance however lacked
the Telephone Rights rose to $16.10, power to stem the tide, and the fellowing a rise in the "Old"
any
shares.
reappearance of sellers on sign of a rise checked the ten- dency 10 recovery which appeared due.
Turnover was $3,500,000.00.
approximately
Tuesday: The atmosphero re-
pre- mained bright
although trad-
"However in the last week; a different atmosphere was sent, and after A short perioding was fairly light
steady Price changes were at of consolidation
rcallsed
were
today.
small but
steady
prices, invealors
the generally upward where nolice- presence of bargains und prices ablu. Asia Navigation' continued bidding to attract and advanced farther rose with some brisk
clear upward wille Kowloon Bus opened at establishing a
done trend which held a well de- $72 and served promise for those True around this price. The under- investors who had not allowed tone was strong at the close themselves to be panicked into with
approximately the sell at any price' mood.
Wednesday: Trading was at a "Volume
WRE
turnover
52,080,000.00.
considerably higher than last month, and a quieter tempo in this half day's fraction- fact which is even more sign-trading with prices
corres ally, easier
Interest generally, fcant, well above the ponding month last year, when was fairly well spread, and the
close was firm,
Turnover WIS
the 'Winter boom' started,"
that The report shows business done in September was $1,020,000.00,
tainl the $72,024,002, bringing
since January this year to Jone Business $1,137,091,382.
approximately
Thursday: Quiet conditions prevalled on the Block Exchange Throughout the day, inclined to finished on an Ro softer and ensy wwe. The turnover for the
year whole of last amounted 10 $875,775,613.
138
Loews Incorp,
Lone Star Cement Co. Minnesota Mining
291)
Mission Development
378
21
21
41 National Cash Reg. "A"
National Lead ....
100
New York Central
7
for the
QUA Elevators
609%
Pacific Gas & Elec....
11913
American Tob....
101
Pan American Airways Paramcunt Pictures...
1892
6035
Atlas Cons. Mining
Pillsburgh Pinto Glass
07
Baldwin Luna-lem
1541
Radio Corporation
Baltimore & Ohio
221
Republle Steel
Bendix Aviation Corp.
643%
Reynolds Metal
Boeing Airplane
Reynolds Tobacco
Cana, Brewers
404
Shell On Co.
Canadian Pacifle R
Binclair Oll
Care (1, 1) CO
7
Bocony Mobil Ou
Chrysler Motors
45%
Southern Hallway (Com.)
69
80
Bquare D
15
Coca Cola
Commercial Credit Consolidated Edison Crane Co....
Sugar
Cuban Amer, Suza Eastern Air Line Ford Motor.... General Electria
Standard Brands
Standard Oll of Cal.
Sterling Drug Co.
Stokely-Van Camp,
Bludebaker-Packard Corp.
1979, Union Carbide
Market diary day was approximately $1,830,-
Friday: The monti ended 1000.00.
encouraging today on the most
3755 noto of the whole month, Banks 1409 3031
子
were stoody aftor their recent 304dvance while the whole mur-
ket reacted favourably to brisk demand. Local Property
*
Printing Co. gained $1 on buy-
Ing pressure, Docks and Wheel- vcks both improved wolle Lights, Electrics, and Telephones were sought after at beller prices. The market closed ut ita
International Financial Advisory Service
Specialists in both European & American Securities
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HONGKONG
STOCK EXCHANGE
Our Own Correspondent
Business done on the Hona- kong
tbla $look Exchange
nmounted 10 ap- proximately $1,400,000.
moming
Noor
quotations and the morning's
transactions;
Share
Buyers Sellers
ik Bank..
FIFC Flank
Lod. Reg.
HK & FE v.
Wharf Co. Wheelick
340 13B
20 ct 340
30 138
1340
RED 200
18204
21
Ft.
5.10
30 7-5
330
11 Motel..
HK Land
11 $1.00 300 1,00 2000 11,60 170001115
11.20 11.30 10500 s 11.20
110 500 115
200 135
(Old)
(New)
HK Dzek
Talkoo
004
M
Provident. 37.00 08.40
500 a 20
B1%
400
320 W12
Loral
"P. & P...
20.00
TK Tram..
352
473 304
K. M. Bus
X.0.
5915
70
42 6214
100 70
Vaumati
HK Tealty. 2.176
401
Ch. Light: 345 13 000 € 3114
1000
1000 **
1000
Electric Telephone
10 3012
"
(Old)
30% 40
FROM
SOUTH AFRICA
C.M. 010.01.
(s) ...216 14.70 2364
200
IIC Gas ... 19.00 19.70 1000 19 19.00 600 12.70 2300 à 10.0
CUT OUT THIS COUPON AND SEND TO
The Sexier Trade Commissioners for the Union of South Africa in East Aale.
1xt Floor, KPM Building, Robluson Road, Singapore.
'Please send me the names and addressED
of South African Exporters, ofim
The name and address of my firm is as follows.
NAME
I.F.A.S.
52 Route d'Esch, '
Luxembourg.
Tel: 209-64 (3 lines) Postal Account: 142 03 Cables: IFAS
Bonkers: Calise d'Epargne do l'Elot, Luxembourg Reg. des Firmes B 5640
Service A
Date
Gentlemen,
Enclosed herein please find HK$10.00, being payment, in full for my trial subscrip- tion to your MARKET Letter for a period. of 90 days from above date
Name
Address
REGULAR ANNUAL SUBSCRIPTION
Cimen
Jardines
PAPE
-
3.076
24.20 2445
4
3000
700 8
1500
1500 23
020 6
onli
0.07 2600 A BIL
G, Cament 0011 Dairy
Texile....
Nanyang...
A. Rubber
It. Trust..
Aris Nav., 2012
.*.
ht.
600 -17,70
1000
Inti lov...
31.00
Bitrere
600 0
City Hote
At Land.
——ĮADDRESS),
RATE: HK$300,00
KLM. 4/10/41..
Humplit 2.00 $3.00
Ball...
Graw..
tope
Imperfish
11.90