HONGKONG STOCK EXCHANGE
Our Own Correspondent Business done on the long- kong Stock Exchange this morning amounted tu proximately $80,000. Noon quotations and the morning's transactions were:
Starty Buyers Bellere Saler HANKS
FK Bank,
DID
INSURANCES
Union...LL
לב
Lombard.. 20.20
Wheelock. 3.55 6.03
THE CHINA MAIL,' FRIDAY, JANUARY 9, 1959.
WEEKLY KEPORT ON THE HONGKONG STOCK EXCHANGE-
BRIGHT START FOR NEW YEAR
The Share Market Ai A
MK Bank
HK Hotela HK Lands IIK Krally
Glance ☆
Bouds Yield (%)
SLIO
Prices Close
Higher Than End Of Year
By A SPECIAL CORRESPONDENT
Dividend
Dec. 4
Dec. 11
Dec. 18
795
800
R02
Bro. 20.
805
Lombard
*
27n
+4
BIS
Unlon
7114m
70
25.806 71
20.201
Jan, 8 Up or Down
815
20.200
+$10
$48
0.81
steady
$%
7.63
+21
72b
+$1
$3.40
4.72
"10 44
15
Whoclock
5.55
4.70
0.65
· 8.00
5.00m
steady
750
13.89
13
GO
22
IK Wharf
13.
94m
94n
04160
-90345
++$2
30
9.33
100
721
IIK, Docks
4214
433%
441⁄2
45
4514
+250
88
17. '7
STUFFING
Provident
12
11.00
11.00
12.10
12.20m
+++100
8.17
Waterboat.
21.30
$1.60
21,50
21.70
221
+800
$2
8.88
30
3014
30%
30%
Bicudy
$2.40
a
DOCKS, ETC,
K. Wharf
1.85b
1.375
1.40
1.45m
1.50
+00
150
10
G
DOCK.... 440 4955
HK Trans
25.00
20.10
20.80
20
27.20-
+700
$1,00
0.08
Provident.
(a). 12.10 12,30
260 @ 12:24 GOO
Star Ferry
- 105
104b
1036
100
107
+$1
59
8.41
12.20
Yaumatis
3214
9334
03
03
93
steady
58
5.0
LAND, ETC.
HK Hotel 23.30 22.49
Ch Light
16.30
10.00
10.30
15.20
40.40
+200
$1.10
6.7
1 Land,
Electrics
24.60
25
24.30
24.90
2614
+300
$1,00
7.45
нк
Telephone
24
24%
2414
24.70
2514
+800
$1.75
6.86
Humphreya 15%
G. I. Cement
25
24
1
48
20.108
25.406
25.60
+200
11.72
Dalry Farm
15.80
10.40
16.20m
18.20
16.30
+100
$1.77
10.89
A. 8. Watson
13
13.10
13b
13.20
1515
+300
$1
7,4
Lane Crawford
19.308
14.10b
14.200
14.25m
14.20
$130
10.50
Int'l Investment Allied
Gb.
5,30m
5.200
. 5.20b
5.30
+100
12.20
4.0251
4,05%
4.020n
4.025
--2440
200
6.25
Tran
Ferry 100
924 [KI
IK & FE Iny
0161
$14.
9.40
06
0.70n
+200
Бос
8.25
Textile Corp
3.85n
Nanyang
7.10b
3.851 0.8D
3.45b
3.65
3.95b
+300
60c
15.7%
0.40x4
014
6,60
+100
800
13.63
Although prices lost ground when there was no follow through, the closing prices were.
than those still higher prevailing at the end of last
[CITYBLIGHTS!
301
125
1.95 1600,
1075
The following are quotations of Mutual Funds in the Untied States in American dollaro. The buyers' quqtallons include com- mission!
Mutual Funds Affilated Ta Am Dua Shr Atom Dev. Mut Axe Itought D Bullock Ya
Canadian d Chemical and
Canadian Ini Growth
Comwith Steck
The Hongkong Stock Exchange started off the New Year enthusiastically but after meeting solling prossure at slightly high prices, there was a slight recession and ectronico Inv the market closed dull,
LAT 82
Sellers Thayera
7.18
7.74
4.75
454
8.53
0.03
для
2.18
13.40 17
10.30
19.10
031
0,00
21.40
14.00
1025
Dividend Sh
300
Dreyfus Fd
1257
Eason & Stock
24.90
Found Mut Fa
0.00
Hamil Fd
C
ADS
Instit Bank
12,10 13.24
Instit Found
10.76 11.77
Instit Growth
11.17 1222
Jav Te Dow
11.37 12.43
Keystone Cust 2-1.
24,13
Nal See Ser Growth
7.40
8.00
Telev Elect F
34.01
15.27
Value Line ra
6.94
750
11.17
રીઝને કા
XR... 00 30%
Toally 1,475 1.825
Amal..... 1.3 1.075 B000 t 145
Trust .....
A. Tawali, 2.476
Stugan... 2.125
UTILITIES
Yormati..
C. Ligh
27.10 27.40
(0) 16.30 103
Electrts.
19
(01 25.31 29.70
IT (N) 29 2440
Telephone 23.30 23.70
INDUSTRIALS
100 64
1040
200
10.40
100 /w
10.40
P
Cement 2340 23,70 200 250
STORES, ETC.
Dairy
Watson
120, 1984
13.40 13.00
Latte, Craw. 13.50 14.30
COTTONS
Textlins
Nanyang
3.93 -419
MISCELLANEOUS
Vibro
INVESTMENTS
Allied
HI.K. & F.Z.
Invest...
4
0.70
Tin Investment
year
Dividend
London, Jan. B. British Tin Investment Corporation has announced dividend of 12 per cent for the to December 31,
1950 (against 35 per cent, comprising first interi 64 per cent, second interin 18
per cent and final 10 per cent),
In Augus
1933, the payinent
of a special final dividend of 15
per cent in respect of the year 1957 1ook the place of the interim dividend usually paid
at that time.
Subject to aud!!, consolidated
net revenue
(£337,089 previously) fler tax
THE TALLY: Last time, 8 higher, 3 stondy, 14 lower. This wook, 19 highor, 4 steady, 2 lower.
NY
STOCKS REGAIN
LOSSES
SOME OF
New York, Jan. 8.
Stocks regained 60 per cent of yesterday's losses in an up-
ward session today.
›
American
Exchange Stock volume was 1,770,000 shares.
Raltrondesues came back all the way and more too as prices of several feading issues rose two or three points. Loutsville
were: & Nashville ran up better than three and Norfolk & Western | to mis better than two:
Illinois Central and Virginian Railway rose a point each in the higher levels of the day.
Oil issues came back sharply and the steels and metals wide grins.
Automoblie stocke
ruled
[strong
and active. Tobaccos showed gains running to more than a point.
13 £266,207
Special
gains right
China Mall
Machine
£259,073 (£308,334
of
previously.)
Special.
Exchange Rates
Business was
donc in
the ent tinoficial exchange marke
tils
morning of the fallowing rates:
11.9. dollars (per 31).
Bierling notes (per 41) Australian notes (per £11
Indattesian rupiah ther 100).
Steals (per 100)
Bingapore (Stratts)...
4.73 15.07
issues
registered than more ronging to
In American points
Metals. Johnson &
then rose more three. So did Pillsbury Mills and several others.
& Johnson
Studebaker-Packard ran up
a point in the late trading.
Of a total 1,330 Issues traded, 700 were higher, 27 lower,
New York Stock Exchange 12.92 volume was 4,030,010 shares.
New York Stock Exchange 1.82 bond volume was $7,000,000,
3.33
20.73
Cat. Tractor Celanese Corp.
BOTT
277%
C. I. T. Financial Corp.
Dow-Jones closing averages | Chrysler Motors
517
Cluett Peabody
0115
industrials
15:00.14
บ
1000
451
15 uses
91.53
206011
45 stacks
૧૦ ૦૧.
18.49
Comi, future price index..
14800
2012 5112
EDIT
34
7516
Closing Prices
Alten Inc. Acy. Allied Chemicals Allied Mills Inc. Allis Chalmers v. Am. Brake Shoe American Airline
Cable & Tidlo Corp.
Am Cyanaink Co.
Amer. Forgn. Power Am. Gas & Electric Am. Home Prod, American Metal American Stelling American Tei & Tel American Tab, "" Anaconda Copper Amic Steel
A.THOUT
Atlas Cons Mining Baldwin-Lima-flam. Baltimore & Ohio Beneficial Finance Bendix Aviation Corp. Benguet Cona, Bethlehem Steel Boeing Airplane
Barden (The) Co.
Burroughs Add Machine Call. Packing Corp. Campbell Soup Co. Case (3, 1.) Co.
COMMODITY PRICES
SUGAR
New York, Jan. 8. World No. 4 sugar futures closed Lociay unchanged to a point lower on sales of 376.contracts,
Domestic No. 0 sugar closed finished one point lower on 01 contracta.
Contract No. 4 (world)
March: 3.30: May: 1.30; July: 3.36 Sept: 3.30; Oct: 330; Mar: 3.30: May: 3.31 Spot-(cents per ib. fob Cube): 1.30,
Open Interest: 7,936 contracta.
Contract No. 6 (domestic) March: 5.03; May: 5.03: July: 5.62; Sept: 8.71: Nav: 6.72: Spol-(cents per ib, eit NY-ex-duty): 5.70.
|_ Opm -faterest: 2,315 contracts.--- U.PL.
COTTON
American Contract Mar/April: 21.35; May/June: 21,70; 29.83; Oct/Nov; 20.15; July/Aug Dec/Jan: 20.15.
Aixed Contract Mar/April: 2223; May/June: 2103; July/Auh: 20.50; Get/Nov:
Dec/Jan 19.00.
SAO PAULO
future closings,
19.00;
Colgate-Palmolive Co. Colomblas Carbon Co. Commercial Credit Commonwealth Elve. Consolidatest Edison Continentel Oli Del. Crown Zellerbach ... Cuban Amer, Sugar Diamond Alkali
Dougian Aircraft Dow Chemicals Dupont de Nensours Eastern Airline Eastman Kodak
El Paso National Cas
Family Finance Corp.
Firestone Tyre & Rubber First Nat. City Bank
Ford Motor.....
General Dynamics
Genem Electric
General Foods
General Motors
Sharp Setback In
London
London, Jan. 8.
year.
The fresh demand for shares at the beginning of the year sent prices up on a wide front with utilities in the front, but some profit-taking In the nuddle of the week caused highs. shares to fall for their Even at prevailing prices the majority of shares are stul showing attractive yields.
$22.50
Sustained
this week froma
Hongkong Banks were well sustained and continued to climb to $820 before falling back to a steady $$15.
Hongkong Hotels, after 2 up 10 The sharp setback yester-lean period, jumped
their day on Wall Street touch-pre-New Year price of $21.70. ed off selling оп the Their high last year was $22.70. Trams In the utility section, London market today and
of hit their last year high prices closed easier.
$27.20 after closing the year at However, Ellt-edged securi- $20.50; Electrics tacked on 60 Lies continued to be favoured cents to close at $25.50; while by investors, and scoring tresh Telephones shot up to $25.50, advances.
an 80-cent gain on the week,
Turnover for the week was $2.00 milion, just one lakh be- low the average weekly turn- over for last year.
The Industrial 1st weakened 41fractions in nost sections.
Stects however,
Improved un 212 reported continentaj buying.
3414
Engineering, ден electrical
14014 issues moved
lower.
Investments lost more
34
1291% two
74
and shillings Aluminium was lower.
64%
0315
German Liens unproved and Chinese
bonds were Arra but 70% Greek issues deelined in the 49% foreign bond market.
Gen. Pub. Util
52
Dollar stocks
Gen, Tyre & Rubber
4311
Getty On
2016
Jon CT,
Glidden Co.
4437
Goodrich (B. F.) Co.
78
Goodyear Tyre
Grumman Aircraft
Gult Oll.......
Heyden Newport Corp. Homestaka Mining Co. Ingersoll-Rand Interchemical Corp.
Int'l Business Machines Int'l Harvester ...... 20% | International Nickel
International Paper
No. 1 rubber per lb. Jun, 0076-60%;
Feb. 60%-86
No. 2 rubber per ib. Jan. 8415-655% No. 3 No. 4
Spot rubber untaled Blanket DE
No. 1 pale crepe ma
LONDON
The rubber market
4:19-1
Int'l Tel & Tel
Jolin-Manville Co.
Kaiser Industry
Kennett Copper
14ggott Meyara Tob. Co.
Lockheed Aircraft
Loews Incorp.
Lone Star Cement Cu. Lowenstein & Bene McDermott J. Ray McDonnell Aircraft
Sinck Exge.)
Mesabi Iron Corp.
Minnesota Mining Mission Development Monsanto Chemical Co.
Montgomery Ward
barely steady with spot quot- | National Lead
(Am.
weza
marked
and!
Prominent.
10
in in, you know, tocro
most of my
ancestors,
London Exprasa Service,
V. I. P...
Wellington Fa
Treasury's Consent
London, Jan. B. Cairo Radio sald tonight it had learned the British Treasury had consented to allow Egyptian merchants to import goods from Britain up
to a bit of £10 million against Egypt's frozen sterling balances.
Egyptian balances frozen in Britain at the time of the Suez crisis total £75 million, the radio said.-Reuter.
POBIE&A
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N. CO.
Tube
than
*
British
Here is an lee House Street observer'd account of the market:
*
the
*
Outward,
Leaves U.F.
Dae fongkong
"CANTON"
Salled 12/12
11th January
"COROMANDEL Salled 20/11
14th January
*
*
"SURAT"
"CHUSAN”
"SOMALI" *CORFU" "SALSETTE"
10th January
SOM.C these
Homewarda "CANTON" †"CHUHAN”
"CORFU"
*
Gold stocks drifted lower
generally
11934 coppers were dull,
stocks Di
lower-U.P.I.
24
125
14
443%
818
4234
09
310%
6215
were
Comprehensive Guide To British Industries
Following the Armer
at tenderoy evidenced closo of 1956, the Stock Market got off to a promising 'start this year with prices continuing to advance on a wide front with utilities the prominent secilen in which Tran, Electrics and Tele- phones made useful galos.
Hongkong Banks were also a strong feature advancing to 5820.
sharts.
Hongkong Nealties lacked on useful suns under renewed
support for
Seme Ishi-seato profil- taking, however, set in about the middio of tho Teck causing a slight recession in prices and a decrease to the volume of business transnoted. However, the undertone has remained quite steady
throughool.
The 31st edition of the FBI (Federation of British Industries) Register is a compre hensive and accurate guide to a substantial week: Cross section of British industry.
Market Diary
Friday:
*
Salled 0/12
Salled 23/12
Salled 0/1
fith January 2nd February
Leaves Hongkong 14th January
Ond February
13th February
"UARTHAGE" 13th March
"CANTON"
18th April
10th January
13th February 9th February
17th March
Dae Londen
15 February
4th March
16th March
13th April 17th May
Via Spare, Penang. Columbo, Elombay, Aden & Pt Bald. * "SOUDAN" extends to Nambars, Rotterdam & Antwerp and omite Colombo & Bombay
↑ "CHUSAN" also calls at Naßles, Mtærnetites & Gibralter.
BRITISH INDIA'S.N. CO., LTD.
due 11th Jan. from Japan
la 13th Jan.
dad 20th Jan. maila Zisk Jan.
que 24th Jan, SALES 20th Jan,
63-641
02-0213
7716-791
0.001
Motorola Inc.
"PADANA”
National Boult Co.
National Cash Reg. "A"
was
National Dairy Prod.
in
wero
AS
ed at 25% penco per lb. Prices; No. 1 s spot..... 23-251. Settlement hose term:
National Steel Corp.
11222
75
New York Central
2012
Nortalk & Western Ry.
ร
23-2512
North Amer. Avistion
4435
25252
July/Aug.
North-west Airliner (Com Olin Mathieson Ouis Elevators
212
443
60
Owen-Illnois Glass
Uxford Paper Co. Pacific Gas & Esca Lan, American Airways
It contains lisis of the pro- duets tine services of over 7,509 member firms under more than 5,400 alphabetical headings,
Monday:
Here is a market diary of the
Prices advance on wide front. T/O: $685,000. Firmer, tendency continued
"SANTHIA"
TO:
"FULTALA"
$800,000. Tuesday: Light-scatc
053
In addition to the Classtiled
proft- taking. T/O: $550,000.
20
Paramount Pictures
Penny J. C. Co.
$201,000.
101
Bena, Sal Co.
conditions.
U.P.I.
Philip Morris
and
Arms, and valuable in-
Procter & Gamble Co.
75
formation about trado
T/O: $400,000.
*
"OBRA"
Pittsburgh Plate Glass
18% cations,
due 14th Jan. 10th Jan,
*
Publicker Industries
Radio. Corporation
1rado marks, etc.
Cotton cruzeiros
kilo per follows:
Jan: 10.00; Mar: 60.20: May: 57,30; July 57.00: Oct: 31.30; Dear 57.40.
In the United States, the average price of cotton at 14 designated spot markets was not nvailable.
Total sales were 25,171 bales. -U.P.I.
RUBBER
Rex
NEW YORK
rubber futures today
closed three points higher to seren paints lower on sales üf 20 contreets,
AMSTERDAM
The rubber market was stendy today. Prices closed in gulldors
D3
Feb. Mar.
Oct/Dec General markets, cit baris, ports:
214-2516 Jan
29-203
Feb.
Mar.
Fatale erepe
thin Feh
thick Teb.
*-2314
TORLUCN LACHANCE
LONDON
Closing rates were:
New York
Montreal Amsterdam Brunts Copenhagen Franknol Lisbon Milan
Stockholm Vienma
Radio Corp. Pref.
ftepublle Steel
Heynolds Matal
Sears, Roebuck & Co,
Shell Oil Co.....
Saint Reg. Paper
Socony Mobil Di
Solar Aircraft
Bouls Puerto Rico Sugar Southern Co. (Tha)
2.00-0/10-2.001) 2.71-16-371-6/10 | Southern National Gas
10.50-10.50 140.00-140.68
£1.30)4-10.30 11.12-11.72% 80.10-0.25 174724-1740 20.013-20,102 13.1044-13,761 14.9115-14.51K 72.70-72,70
Others unelianged.P.I.
METALS
Closing prices;
Joo.
+45
50.30
May
30.10
July
30.03
NEW YORK
·Sept.
27.00
Prices of cotton futures closed
Nov.
20.00
Oslo
Jan.
Paria
today, as follows;
Spot
Mor.
31.73
May
34.03
July
01.01
Oct
31.12
Deo.
31.67
Mar.
per kilogram, clf January follows:
May
31.00
No. 1 rubber
244 гот
· NEW ORLEANS
No. 1 Tabber
No. 5 b........
333 DUX.
No. 1 crepe
2.37 TL
SINGAPORE
33.90
04.73-73
31.00
Despite
lower
31.00
3104
Jan. 0. Prices of metals closed today
lom toh overseas in sterling per- advices the market opened, follows:
31.00
31.03
51.75
spol 3-mont Javels with fair Inlerent for lower sheets and polo short copper spot
-trionth covering steadied on quiél már-
Lead Itt bolt, Jan
750%
Rot
Lead lat baig April
in
Prices of colton Zutures closed today as follows:
Spot
May
July
Oct
May
LIVERPOOL
Colton future
22,422 JOSTI.
around the previous closing | Tin
LONDON
Turnover was restricted by closings, Bats per 18. were au follows: 'reserves of daLETU,
Zinc int heig Van ..
| £loo 20 halt April ....
Southem Railway sundard Brands Standard Ull of Cal Standart Oll of Ind.
Com.)
Standard O of NJ,
Jock (Toronto Exgr.) Sterling Drug Co. ............. Stokoly-Van Camp, Studebaker-Packard Corp. Sunshine Mining
Switt & Co.
Texan Co
Textron
viol
Tide Water Azki.
Time Inc.
Tri-Cont. Warranis
Twentieth Century Fox Film
Union Carbide
Union of Cal.
Unton Pacific Railway
United Aircraft
United Gas Corp.
V. Foli "1"
UB. Gypsum
9. ne Co.
UH. Hubber
Buyers Seller's U., Belling
100
דגד
U. Bloe U.B. Bleet 7P.C. PE
Warner Bros.
Westinalnied ecule"
Western Union Tel. Co.
Wen VA-PUN & VEČER Woolworth
Buyers guide there are seven Wednesday: Ruted steady. T/O: 481other sections in the Register,
giving addresses of companies Thursday: Dull
proprietary names,
Special Feature
One special feature is a use- ful French,
German
and
491 Spanish glossaries, for buyera
not fully.. conversant with
These
30 British product terms. 4334 give translations of every pro- 4094duct term
U.S. GRANTS
CONCESSIONS
-
TO JAPAN
Washington, Jan. 8.
used in the maln The State Department has cos buyers guide, each being num-made some concessions to Japan
in bered for casy reference bein negoliations in which the 50tween the English headings and | Japanese Government is 13 their translations,
43
1742
14
the
tempting to Increase its quotas only authorised on cotton textile exports to tho directory of the
States, Federation of United
authoritativo British Industrico-the Largest sources reported today. 1957 and most influeritial association
-0132
But the reply made to
*
Itangoor, Calcutta
Pract Chittagong
from Japan
for Calcutta, Kangoon. Penang & Singapore
from Japan.
for singapore, Penang, Rangoon & Calcutta
P. & 0./B. 1. JOINT SERVICE
"UMARIA"
"OZARDA”
"OZARBA”
Dubal
In Part
from Japan BAL 101 Jar, for Singapore,
Darah, Khorramabahr de Karachi
duo 17 Ten,
salis 19th Jan,
Dug 15th Feb. Balls 17th Feb,
from Japan & Shanghai for Singaporo, Romboy, Karachi, Durai, stuwait, BARFALL
Khorram-
shabr
from Karachi, Bombar & Cochin for Japan
from Japan for Singapore. Parang, Bombay. Karachi Dubai, Koweit, Basrah & Khorramabahe
EASTERN & AUSTRALIAN S.S. CO., LTD. "NELLORE"
"NANKIN"
the
90% of Britis manufacturers--the | Inpanese proposal alco contuln- 23% FBI Roglier is complied by the ed some "unexpected" counter-
publishers fri close
sources thought the Jahanese Govern
collabora-proposals which the
2014
den with the Federation.
12412
An sucks this publication is of ment could not necept.
449 great help to prospective buyera The nature of the concession:
of British product, which range and the quid pro quo cugreat
into nearly every Beld
30
10
"405i | comment a market.
91...
aill
that by tho State Department this afternoon was not inmediately
(FBI Register of British kuown-Reuter.
31 Manufacturóra-1959. 31st
36 Edition. Published Navem-
180 bar 1950, for the Federation Agreed Merchant
of British Industrion by:
2316 Kolly's: Directorias Lleifted kirid liiffa and Senu Limited. | Price 42/-)..
-UP.I.
Rates
Belgian Tands.
Maxituitri
Selling 002.
dua 27th Jan, from Japan/Blenghal Ball, 2nd Feb. for, Labuan, BL-Klakart,
Brisbane, Sydney, Mei- bourne, Adelaide
das dil Feb, from Jepan
sally Oil Feb. for Bandakan, Dejabane;
Aydnay, Newcastle Melbourne
All Vessels have libuty to call at any ports, on or of the romte & U à foute de sailings are subject to change or amendment with or without notice.
Bull particulars apply fo
MACKINNON MACKENZIE & CO. OF HONG KONG LID Telephone Nos: 27721 4-
4
LAVASTAKTLA 12704)
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