1959-01-23 — Page 9

THE CHINA MAIL, FRIDAY, JANUARY 28, 1959.

WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE

MARKET BECOMES QUIET

★ The Share Market

WK Lands

HK Realty

At A Glance * Some Pre-Chinese

Dividend

& Bonus

$2

Yield (%)

5.97

Up or

Dec. 18 Dec. 20

Jan. K

Jan, 15

Jan. 23

Down

HK Bank

8024

805

815

810

B0714

---$2.50

348

Lombard

25.806

20.201

26.200

20.400

20.40m

steady

$2

1.6

Union

71

ร

71b

1234

722m

steady

$3.40

4.7

Wheelock

6.05

UK Wharf

940

5.60 94360

5.00m

B

5.55

+50

150

13.5

964b

100%

+1

$9

9

UK Books

*40%

45

4314

443

480

+-250

18

17.9

Provident

11.00

12.10

12.20m

12.20s

11.00

300

$1.10

9.25

Hotels

21.30

21.70

2244

23.20

23.40

+200

8.0

3019

3014

30xr

30

30b

+230

1.40

1.4.5m

1,50

1.625

$2.49

7.4

1.80

-9440

15c

10

HK Trams

26.30

20%

27.20

27.20

27

**200

$1.00

7.03

Star Ferry

1036

100

107

107

197

Yaumatis

03

03

01

១០៩២.

$

8.5

DJ

9336

+40c

$8

5.35

Ch Lichi

16.30

10.20

10.43

16.20

10.20

Electrics

24.30

24.00

2514

steady

$1.10

4.3

23.40

25.80

+200

$1.99

7.4

HK Telephone

24%

24.78

25%

25.30

G. I. Cement

20.10%

26.40b

25.60

25.30

-200

$1.75

6.9

23.400

-100

$3

12

Dairy Farm

£0.20m

10.20

10.30

16.30

++ 200

$1.7714

10.7

13b

12.26

13.20

1316

13,30m

13.40m

+10c

ફા

7.45

14.201

14.25m

14.20

£4.30TL

14.30

steady

$1.50

10.5

5.201

5.205

5.30

5.30

6.35

+50

050

12.05

4.0251L

4.025m

4

41

41L

teady

250

0.25

0.40

9.700

9.60

9.60

atrady

6.40x8

3.85 016

3.050

45

steady

600

15

5.00

6.70b

6.700

steady

800

11.0

THE TALLY: Last week, 8 higher, 9 stendy, 8 lower.

A. 8. Watson

Lane Crawford

Int'l Investment

Allied

TIK & FE Inv

Textile Corp

Nanyang

Canadian Firm

Kills Big

Aluminium Salel To China

Oltawa, Jan. 22.

Mr Gordon Churchill, Cana- dlan Trade Minister, said today that no pressure been appeared to have exerted from outside Canada to kill the sale of one million dollars' worth

of Canadian aluminium to China,

3.45b

28 1814

This wock, 10 highor, 8 steady, 7 lower.

INDUSTRIALS PUSH TOWARDS THE 600-LEVEL

New York, Jan, 22.

Industrial stocks pushed to within a point of the 600-level in the Dow-Jones average this morn- ing, sparked by gains of close to two points in American Telephone, a point or so in Ameri- can Tobacco and Westinghouse Electric.

The industrial average at 11 o'clock was 589.01 up 1.30 and Utilities a new record high." Commons reply Meals added a bit on average but Churchill said that "Insofar as valls were slightly lower.

In a

I can find out, no pressure was exerted from outside Canada."

He

to was referring

tho

Oil sharca continued to lead the market with gains. Among oils, high-price Superior Oil of California set a new record

refusal of the Aluminium Com-high on n gain of 30 points pany of Canada to All the order en grounds that such might oftend steady customers.

THE DECISION

sale

to $2,050. Gulf Oil, Ameruda, Socony, Continental rose point or more.

الله

Tung-Sol Electric featured with a gain of 23% points to The company has said that

un news | $45 VA

of its new the decision was made at selectronic vacuum tube. Montreal headquarters fon

nowhere else. The company is Reporting tickers ran late on owned by Aluminium Limited, and of in the early dealings

a Canadian firm with most of and nrst hour turnover oiled its shares held in the United | 840,000 shares compared with

States.

A report from Washington a United Jast night quoted States Treasury offelal as saying his Department did not nei to ekter the sale but the report said it was understood that Alean's

parent

Aluminium Limited,

company: discussed

the sale with Tre sury oficials several months ago.

Mr Churchill WES asked whether he would try to inter- his cabinet colleagues in C3!

that would prevent legislation future similar actions by com- panies which should bear res- ponsibility to their employees. -Router.

Strike Puts 10,000 Out Of Work

Birmingham, Jan. 22. More than 10,000-Car workers in the Birming. ham area were idle today as supplies continued to be held up by an unofficial strike of 100 crane drivers.

The British Motor Corpora tion, whose factories are affect- ct, sold the numbor without work would probably doubled by tonight us supplies lussened.

be

The car body bullding flemn of Fisher and udlow, where the crane

drivera have slopped work to back a claim for an accident-free bonus, has stood of all 7,200 employees in Bir- mingham, and another 800 at its auxiliary plant in Coventry.

In addition, about 2,000, ara idle at the Birmingham Aristin factory and 400 at the Morris commercial oårs plant.

Some worker; have also been stood off at another Büminghama,

car body firm, Mulliners, as a result of the strike.

The Standard Car Company

070,000 shares yesterday.

Dow-Jones closing averages

were:

30 industrinis

Zu rails

35 ušitétien

G3 stocks

Sŷ BRICK

Lenim, future price index..

Closing Prices

Am,& Fors Power

Am. Gas & Elecrete An. Mach. & Fdry, 4. Sugar Bel. Armco Steel

Beneficial Finance Tinguet Con. Campbell Soup Cal Tractor

cianero Corp: Colgate-Palmalive Colombian Carbon Crown Zellabach Diamond Akali. Douglas Aircraft

Dow Chem leads

Lowenstein & Sons

Donner Aircraft Mesahi Iron Corp. Motorola Inc. hat. Dairy Prod. Olin Kathieson Philip Morris

Owen-itinque Glam

Penn. Bait MIZ. Pure Di

Sleep Rock Time The Twentieth Century Fox United Fruit tinited Gas Corp. Western Unica Tel. Co.

13% 731% 381 43%

PA

Singapore Stocks

8.30

{LABOUR PARTY

TO CHALLENGE

CONVERTIBILITY

London, Jan. 22. The Labour Opposition in the House of Commons will

Wednesday next

the challenge

British Government's decision to make sterling convertible throughout the non- sterling arca, it WDS learned tonight.

When the European Monetary 410 | Agreement bill comes up fo

debate, Mr Hugh Gaitskell, opposition leader, will ask the House not give a second reading (agreement in prin- ciple) to the bill.

Singapore, Jan. 23. Brokers today quoted the fol- lowing stuck prices:

Batu Lintang Rubber Co.

Lid

British

10

New Year Selling Evident

By A SPECIAL CORRESPONDENT

As the Chinese New Year approached, the

Hongkong Stock Exchango

marked

time and turned quiet with little move-

ment.

During the week there was same pre-Chinese New Year liquidation of utilities by local Chinese banks, but this was umall and Blue Chip prices were cnly sightly depressed..

en

Although business was slow

the Exhenge prices bave hardened in most sections. It is expected the market will con- tinue this way pending further developments.

Turnover for the week was $2.09 million compared with $2.08 million last week.

Incentive

Here is an Ice House Street observer's account of the market:

Lack of incentive turned the Stock Market gulet this week and consequently trading was on a restricted scale with the overall turnover amounting to approximately $2,633,000.

The undertone has, however, with remained quite steady the result that prices show little change from those ruling at the clore of the previous week.

In the early part of the week there was a fair demand for utilities with Trams, Lights and Electrics prominent,

The firm spot has been in withi the

section rubber Amalgamated well supported In some fairly active trading. This share tacked on 10 cents to close at $1.075.

Elsewhere price changes either way were of little im- partapre-

His resolution will describe the bill as "designed to imm- plement policies which, through the ending of the European Payments Union and the ac ceptance by the Bank of England of an obligation to supply "gold or dollars on demand to pil foreign holders of sterling at a fixed rate of exchange, makes more dimcult the achievement week:

Britain and maintenance in

Market Diary

Here is a market diary of the

and Western Europe of Indus- Friday:

and full cm- trial expansion

ployment."

Government speakers in the Monday:

Mr cnsulng debate will be

Borneo

Petroitum

Tin Smelter Ord Fraser & Neave Ltd Ord.

& Neave Ltd Ord. Fraser

71% cum. pret

Opentad

$3.20

47x

20130

$1,50

$4.15

Gammons (Malaya) Ltd.

$1.99

Derick Heathcoat Amory, Chan- cellor of the Exchequer,

005.00

Hongkong & Shanghal Bank-

180.17

ing Corp..

$430

Mr Reginald Maudling,

and Pay-

Tuesday:

12.02

Hongkong Tin itd.

La 24

master General-Reuter,

207.TU

Kumpas L

$1.71

80.30

Kuala Kampar Tin...

30 34

140.43

1.unas Rubber Estates Ltd..

$1.10

Malayan Breweries

$2.03

New Serandak Rubber

Ltd.

12.02

Petaling Tin Ltd.

$1.00

Rafos Hotel

$1.23

1015

Singapore Cold Storage

Biralts Trading

$1.60

Straits Sloemetilp

$0.70

United Engineers Ord.

$0.00

Weathe Bros.

WCTS

of the

No material change. T/O; $707,000.

T/O:

Prices Inclined to harden. $681,000.

Continued steady.

T/O: $573,000.

Wednesday: Quiet conditions.

T/O: $289,000.

Thursday:

Dull and feature- less. T/O: $381,000.

HONGKONG

STOCK EXCHANGE

Our Own Correspondent

ap-

Business done on the Hong- kong Stock Exchange this morning Amounted to proximately $177,000, Noon quotations and the morning's transactions were;

Share BANKS HK Bank

INSURANCES Union

SHIPPING

Balen Buyers Hellers

810 20 80%

73

73 60 w

Waterboat 23.00

Wheelock

3.50 5.40 1030 &

Dock... 13 354

(0)

HK Hotel 23.30 23 HK Lana. 301% 301

3.00 " (RIS.)

Kumphreys 18.70 13.80

Mutual # mad Quotations

The following are quotations of Mutual Funds In thì Unite: States in American dollars. The huvers' quotations Include com- mission:

Mutual Funda Affliated Fund. Am Bus Shre Atom Day Mut Axe Hought 11 Bullock Fund Canada Gen F'd Canadian Fd Canadian Int Grow.

Chamtest_7. Comwlth Buck

Dividend Bh

Dreyfus und Eaton & Stock .. Electronics Inv

Bellers Buyers

723 420

20.2

LONDON..

CLOSES

EASIER

London, Jun. 22.

The stock market closed casler today after a Arm opening.

Glit-edsted

securities were

dull with prices closing 2/0 lower.

The

industrial

section

generated early selective de- later gains were wiped out or deduced at the close,

1.50

01.07 0,24

12.07 14.02

15.03

8.45

10.43 21.43

14.08 10.ZA

12.17

13.00

23.54

23.19

mand bat

0.61

7.22

TIF Plan

4.10

4.55

Found Mut

7.05

Hem FUCAT

4.500

8.42

Inti Pond

11.02

12.05

11.00

12.07

0.02

7.44

tobacco

11.46

12,32

23.70

24.83

Store shares

13,41

Electrical 14.60

equipment

13.09

10.13

turned

Nat See Ser: Growth

lower un reports of

7.43

0.13

Scudder St & CI ..

growing

competition

in

-the

Telev Elect Ed

14.21

15,49

appliance Retd.

Value Lino Fil

7.03

11.04 12.07 13.05 15.21

BONDS

Inal Growth

Insill Income

Inycat Tr Keystone

Bost

Cust

Mass Iny TY

Mora Growth

V. I. P...

Wellington Fil

Hawker Order

London, Jan. 22. The Hawker Siddeley Group announced today that its indus- irial division had received an order of over £24 million from Argentina to supply six turbo Fenerators in the face of stift Japanese and italion competi tion. China Mail Special.

Ship building issues rolled after yesterday's setback and leading

were firm,

were weakened. stocks

were

Greck

foreign bonda higher on brighter prospects of peace in Cyprus, bollar stocks were higher refreting yoster- day's new peak on Wall Street. Gold shares were easier, as

|

were coppers,

Oils Blocks were higher on US, optimism concerning 1959 earnings.

Shell closed well over two chillings higher.-U.P.I.

Scotch Whisky Export

Reaches New Record

XPORTS

London, Jan. 22.

of Bootch Whisky reached en all-time record in 1968, the Bcotch Whisky Assosiation announced yester. day. A total ef 19,320,000 gallons wore exported-1,410,000 gal. Sona more than in 1957, The

5.53

DOCKS, ETC.

Provident.

11.00

12

500 £ 11.00

LAND.

Erc.

*

203 (

133 GX 500

15,70

15.70

Really KURDER Amalg.

1.50 1.626

1.93

2 3300 w

9000

8000

Tyurt

1.05

2.10

A, Tawaly

2.10

5.00

Sungala..

2.45

2.65

UTILITIES

Tram

.... 20.80 27.50 1000 a

107 Yaumau.. 10

Sur Ferry

C. Usht

23

*

000 of 26.00

(0) 16.20 1049) 600 18.33 Electric.

"10 251 3.70200 or 23,00 300 3,13 800 24.20

+N) 24.10 9.20 Maces Telephone 23.10 2515 INDUSTRIALS

Cement

STORES, Daley

Watsom

20 25.40

C.

10.30 2014

400 a 13.50

217 2 13.30

53.40 13.00

MISCELLANEOUS

Vibro 10.30

CITY LIGHTS:

*

United States took 10,829,000 gations, Increasing their 1957 total by more than ilon gallons..

one mil

The value of exporta was more

£60 than with £62

Reuter.

million compared million in 1957.

P.OBIE&A

い

COMPANIES

PASSENCER/FREIGHT SERVICE

PENINSULAR & ORIENTAL S.N, CO,

Galwards "KARMALA” **CORFU* “SOMALI” "SALSETIE” "CARTHAGE"

"BUNDA"

Homewarde

"PERIM"*

+"CHUSAN”

"CORFU" "CARTHAGE” "CANTON"

Leaves UK.

Sailed 1/12

Salled 10/1 Selled 27th January

6th FebruaTY 8th February

Das Bangkook.

3rd February Du February 10th FebruMEN 14th March 9th March 20th March

Leaves Hongkong Uwe London

20th January

Zud February 19th February 13th March 18th April

20th February

4th March 10th Marchi 13th April 17th May

Via 'poro, Panang, Colombo, Bombay, Adm & Pt 8114. * "PENIS" extends to Hamburg, Rotterdam & antwerp And proceedu vla Àten & Genda only,

+ "CHUSAN" also calla at Napies, Marselling & Gibraltar.

Balia 20th Jan,

"SANGOLA"

sue ist Jan.

mulla

From Celeutia, Bangoon

& Biraits 1st Feb. for Japan

"OENA”

dan

A 6th Feb. for Japa

"OKULA"

"OZARDA"

$1.30 China Mall Special.

Chicago Grain

Prices

- Chicago, Jan. 22,

109 no

19391-16 1841-154

Denies Report

Milan, Jan. 22

A spokesman for Innocent of Milan, manufactures

Lambretta motor scooter, today Exchange Rates

denied reports that negotiations

under

with tho way British Motor Corporation but did not rule out the possibility in the future.

"So far, I repeat, so far, all newspaper reports that negotia tions have begun are without foundation," he stated-Reuter.

Burtness was done in the local this markot unofficial exchange morning at the following rates:- 1.8. dollar per 1), Sterling notes (per £1) Australian noies (per En Indonesian rupiah (per 100) Blam icals (per 100) Singapore (airalia)

"My dear madam, I can't possibly buy them for you at half their quoted price -even if we are in the middle of the January sales!"

London Biprais Serpien.

COMMODITY PRICES

FOREIGN "EXCHANGE

LONDON

Cloding rates were;

New York .... 21.60-11/18-285-19/10

Montreal

Amsterdam

ERLIZATION

BRITISH INDIA S.N. CO., LTD.

"FULTALA"

from Japan

for Singapore, Penang, Kangoon & Calcutta

EASTERN & AUSTRALIAN S.S. CO., LTD,

"NELLORE”

dus 21h, Jim from Japan/Shanghai Baie "and fed, for Labuan, Sandaken, Brisbane, Bydney, 3482- bourne à Adeltide

น

from Jupin sails. 72 Fox far saccflgn, Hrishide.

Bydney Newcastle & Melbourne

All Vémosla Bavě moěrný tanki dà shy parka on

br off the route a thè 'retts à satinées sto míbject

ja change or amendment with or without notice.

Маг

Family Finance Corp.

Firestone Tyre & Rubber

130

First Nat. City Bank

TO%

Gen. Pub. V.

43

Cudden Co.....

48:

Wheat No. 2, red

Heydan Newport Corp.

1412

Spot

Ingersoll-Rand

Mar

Kansas City Power & Light

50%

May

Kimberly Clark

July

10

Best

"De

No.-1-201

391%

Corn, No. 2, Yellow

43%

Spol

115

401

METALS

Settlement house term:

Fob

Mar, old

April/Juna

$72k

Már, new

0475

May

11815 117

July/Bost

Oct/Des

70

July

1102

Jan Mar

Sept.

LONDON

General markete, cif basis, potu:

Sears, Roebuck & Co. ......... Solar Aircraft...... Bouth Puerto Rico Sugar..

Jen

25% buyer

Dec.

The in market. was barely

MAT

231

2011

Üye

371%

Мдг

1376-

13271

the end of the unofficial atter

Onta

noon session, in sterling per

659.

long ton, as follows:

07.

Tles.

228 90m

2201

1200];

120-120

Spot 3-month Copper

Spot 3-month Lord 2nd JAM. April Zine 2nd half

Jan. April

781 702

23016

2271 227

701% TOTA

71

71

7214 with still some interest

721

LOWCT,

-UP.I

Southern Co.

PROTECTIONIST POLICY IN U.S.

London, Jan. 22.

May

Mar Máy Borbean. No. 2, yellow

#pot

May

July

Sept.

Bras

Sir David Eccles, President at the Board of Trade, said here Barley today there was no good trod- ing reason for the United States Government's rejection at the English Electric turider for two turbines, in favour of a higher bid, from an American firm.

Thi'wintement roado throuth

200-TL

Car Makers

Detroit, Jan. 29.

the Board of Trado płem once, Auto makers. In the United

be sath this knuelnos kore Sialak expect to build 194,083 Barcled in an isolated, incident. | care this week, a slight bien

Tudecte

BINGAPORE

14020-140.38

"ORNA"

P. & O./B, I. JOINT SERVICE

6th Feb. from Kandle. Bombay,

Cochin & Singapore

dun 11: Feb, from Karachi, "Dombay

Cochin & Tuucuria

malin 12th Feb, sör JapPREE

Das 18th Tab. from Japan sails 18th Yeb. for Singapore, Penang, Bornbay Karachi Dutral, Howeit, Basrah de Khorramaliähr

from Japan

duo 10th Mar, sails 11th Mar.

for Singapore, Penang, Cochin, Bombay, Kars- chid, Kuwait, Basrah & Khorramabar

193812-10.5415

Hrundeta Copenhagen

10.37-10.3744

Lisbon

60.15-80.25 23.7894-13.781 12.00-18.1042

Other unchanged-UPI.

"NANKIN".

dus

dis-

aleady. Other metals were also Fainte crepe thin Tab 3 steady today. Prices alowed at Estate erepe thick You

After opening the proviour Paris. Buyers Bellers lovele

the markat steadied Zurich 763 7495 Blightly on some trade buying and covering of lower shoots, Most dealers however, inciined to trade.

In the afternoon the market

continued quiet and fontureless ་་

Colton future closings,

Mai: I výšbse për ty. Feb. 111jallah | pence per lb. were op follows:

RUBBER

LONDON

}

pence per lb. Prices

in

COTTO.

LIVERPOOL COTTON

MAT

No. 2 rubber per in. Tab. No. 3

American Contract

Már/AB

Hà,

pet rubber unbaled .... Blanket-erene

May/June

Def/Nov

Do/Jan

KERKDAM

Missed Contract

No. 1. pèle gode

The

at Corner, not member of frequently," myranded in recent puts fast, werk,aded); the Men on Acton on Automotive The rubber marker i kd

pected to be hit=Reuter."

ist policy,"žteuber.

publication-Reuter,

unchanged since ye

July/1kg

10:

4th Feb.

For full portendørs upptly o MALKINNON MACKENZA & 10

*

*

*

*

>