1959-02-06 — Page 9

THE CHINA MAIL, FRIDAY, FEBRUARY 6, 1959,

WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE

ADVANCES ON

HONGKONG Profit-Taking

STOCK EXCHANGE

Business done on the long-

kong

Stock Exchange this

Inorning sunted to approxi-

mately $213,000. Noon quotations

Cuts Gains

Down Slightly

By A SPECIAL CORRESPONDENT

and the morning's transactions The Hongkong Stock Exchange closed for

were:

Kharel Buyer Sellers Haten

BANKS

NIK Bank B0100 375, 10

Fast Ana.

19.1

Ju>3

INSTRAN EN

Unden

SHPING

Wheelerk

DUENS, EM

Thank

5.70 G

the Chinose New Year with an upsurge although profit-taking towards the end

lowered prices slightly.

Electric, Wheelocks and Cements lead the field and hourly all gains were 889- tained.

Bargain Hunters

Trams again increased their

j dividend tnts year but certam

290 44.75 bargain hunters had been hoping for bonus issue, When thos uld not materialise these people

3P, 4P.

12 12 30

LAUR, ETC.

23 200

200

HR D

IN HOM

Healty

RULITA,

Amaly.

201 30 2018 ᎡᏗ

Tok

A. Zawah

UTILITIES

26.57.10 20024.00

1500

27

$1 DX

1825 18.30

Tram

Yaumati

C. lankst

Birgirie

1X 36 20 26-30 1921 2410

Mature 5.20

Telephone

11 2550 26

IN 2350

INDUSTRIALS

Cement

Metal

-

સ

6

STORES, ETC.

Daley. 10.50 10.75 Wafun

Whtsa

13.00 13.50

13.00 13 40

Lane, Craw. 1440 11.70

Textile

L'OTTONS

..

3.925

5.20

MISCELLANEOUS

Vibro

INVESTMENTS

HK, E.

Invra.

91.40

Akt

51.30

Caple their holdings resulting in a loss of 60 roots from the week's best.

Some of the malis reasons for the bull market the last twa weeks were:

Easy money,

Lower rates of Interest nit borrowed money. New accounts

after

the

Chinese New Year.

After The Chinese New Year the outward sentiment for the market appears good and prices. Trove with fresh 25.00 thould

Decounts.

25 23.00

เ 2:0

12:0 ... 22.03.

100 v

031

Wheelocks tacked on 20 cents for the week although they closed below their high of $5.30. In Demand Hongkong tands continued to 13, be in demand and the share row 17another 15 cents after their 31 It lost 25 vents 14he last week.

on profit-taking.

Although Trams managed to ell to $27.50 during the week they fell back to $20.90 yester day stier their dividend was antouneed,

Brisk Buying In

London

London, Feb; 5. The government's decision

to lift controls on capital! issues and stimulate pri-

CITY LIGHTS

YTID BY

"Oh-and include the cost of Ic tablecloth in the dll!

we've worked out a rather important deal on ["

London Spren Beretce.

Japan's Foreign Exchange Budget

Tokyo, Feb. 5.

✰ The

HK Bank Loinbard Union Wheelock

HK Wharf UK Decks Provident

HK Hotele

JK Lands

BK Really

BK Trains

Star Ferry

Vaumatis

Ch Light Elveteles

HK Telephone G. 1.

Coment Dairy Farms

A. S.

Watson

tane Crassford

In Investment

Allied

HK & FE Inv

Textile Corn Nanyang

WIDE

Jan. 6

813

20.20n 720

FRONT

Share Market

Market At A Glance ✯

Jan. 15

810

20.40m

Jan. 22

Jan. 29

Feb. 5

Up or

Down

Dividend

80734

60234

805

+$3.50

& Bonus

$48

Yield(%)

4.05

204071

ROLGU

216

4800

$2

7.4

7214

72461

12140

7214m

sirody

$3.40

4.7

6.60m

6342

0.55

5.63

5.70

78156

$156

780

13.1

1903

+50%

$9

0.3

4314

4434

450

45

ANK

50

18

12.30m

12,201

11.00

12.10

+100

$1.10

ย.

2216

23.20

33.40

23.10

23.10

steady

$2

8.7

30xr

301/b

3114

32

+750

$2.40

7.3

1.60

1.528

1.80

1.50

1.530

+2340

15c

9.8

27.20

27.20

27

27

20,90

-100

$*

7.5

107

107

100b

1016

1129

---35

30

8.03

03

+3

93

9314

0414

+$1

8.3

16.40

10,20

18.20

1014

16.80

+50c

$2.10

0.5%

2546

25.40

25.60

28.70

26.30

4400

$1,00

72

2314

25.50

25.30

26.30.

25.90

+200

81.75

0.8

25.60

25.40n

25

25.30%

$5.00

33

11.6

16 30

16.30

1614

10.30

16.00

+30c

51.77%

10.0

1314

13.30m

15.40m

18.00

18.00m

+20c

$1

1.25

14.20

14,30n

14.30

14.20

14.40

+200

$1.50

10.2

5.30

5,30

6.75

6.25m

5.15

for

050

12.5

4n

In

dim

40

Alcadr

250

6.25

0.700

2.956 6.60

9.00 4 0.706

9,60

0.001

0.40b

-200

R0c

43

3.90

3.0206

+2140

60c

15.16

6.10h

0.75b

6.70

-Be

60с

11.05

THE TALLY: Last week, 10 higher, 8 steady, 7 lower. This wook, 16 higher, 3 steady, 6 lower.

The fellowing are quotations of Mutual Funds in the United States in American dollars. Th buyers' quotations include com- mmission:

altetual Funds Adutated bund Ami Das Shrs

Indecision Continues On NY Stock Market

New York, Feb. 5.

Seher Bayer The stock market continued its path of indecision în à quiet

session today.

Trading fell off to the lightest level since late

December. Volume picked Up n prices

7.24

7.83

431

453

Atom Dev Art

501

601

Ase Hought, IS

0.47

921

Bullock Find

13.51

1+ (37

Vareta Gen F

14 13

1093

Callan F

20.33

Canadian Int Crow

043

Chemical F

1976

*137

fiuctuated

Copywith Stock

14 20

1609

sessions.

bl.dend a

301

3.32

reytus Fa Matoa & 14 Stork

24

1355

Eletronics Bay Found Muzt d Hans Fil HOST Trsat Pand

Growth

25 20

widely

Selling it the high priced shares for a

time nationst Business Machines American

Dow Jones closing averages were:

in

many

30 industrinis

20 ralla

150 44

15 utilities

£0.3

83 works

203.67

40 Linda

36.27

70

with Inter | Comm. future petca

шек

144.47

J

10 70

4.9

341

11.13

10

falling off six points.

11.03

Home Products

went

down

Closing Prices

191

750

more than five points.

11.40

1248

22 09

2141

Allied Chemicals

$74

12 AI

1304

1375

14.43

Long List

All Chaliners

Amer. & Fortn. Power

21.44

7.33

091

Sendder St & Ci Telev Fl Fa Vatge Llbe Fa V. 1. 1. Wellington Fa

10.10

39.18

points

Am Gas Electric Am. Mach. & dry. American Metal

30%

www.

7,10

7.PV

13,12

13.02 13.17

Inv Ur Bra

Muon day Th

Japan's foreign & xelange bad-Kestione Chinada get for the first

half of the Monte Fu! next financial year-April 10 Nat see Set: Growi September 1950-will provide for substantially larger imports

in the current period the n October 1958 to March 1950-s or Trade spokesman Under steady pressure. HK | Ministry Electric rained Co certs darbsaid here. the week clesing at $28.30.

beer

When new came onto Ire House Street that Green Island bad!

Rond doing very business in the past few months, there was an inimediat demand to: Cements which rose from a inver's quote of $25.30 last week to $23.00 this week.

In the stores Motion, Dairy Farms, Watsons and Lane Craw ford all tacked on useful gains.

Dividends

Dividend announcements

during the week were; Hongkong Trams. mercase of 10 cents.

$1.40-an

bank of East Asia. $12-the

vate investment delightedne as inst year. the stock exchange today

Star Ferry, $5.50-the rame as

and prices nearly every last year. where

higher. went

Brokers reported a brisk

j

Waison, 51-the stone a Tast

Gal Waterboat. $1.80 for turnover with buying ¦ 1958 and a capital gach bonus from the big institutions, put

$4 ger stare In respect March 11, Even the unchanged bank shares held un

people had 1989–the same dividend rate, which many

be cal today last year but expected would

Talled to damp Investors enthusinsan over industry's new

bonu

2163

there was

Turnover for the week was

million last year,

Satisfactory

freedom to raise money. All $4.71 million compared wath sections of industrials

leaped

were $2

bright but banks, in particular. into the limelight because hey are the favourite for new share issues.

Increase

in-

Most banks are keen to crease their shero capitals which have been unchanged for gears despite " Jange increase in business.

Midland Bank

shares gained i 4s 6d and most of the others 2s Ud.

Substantial gains were *g• corded #mongst hire-purchases finance issues. Most top dustrials were better.

Gilt-edred or en Arm bul became quieter after the un- changed bank rate and were finally below the best although they closed with gains ranging Hopes of a telte- up to 3/9, ment of the Cyprus question prompted further

of Greek bonds.

buylag

Here is an lee House Street byutver & account of the market; The Stock Market made very satisfactory showing In the

prior Wrek

to Chinese New Year and pricey can- bound in advance on a wide Iront with a marked im- urovement in the volume of which transacted busines amounted to approximately $1,712.000 as compared with $2.65 million last week.

Utilities all showed Int- with Electrics provement leading the rise.

Wheelocks and Lards also lad good increasek,

Unlon Waterbonis were in Food demand this week rising from $26 laat week to $27.50 yesterday.

market closed When the yesterday i continued to rule steady.

Market Diary Here is a market diary of the week!

Dollar stecky were uncertain Friday: after yesterday's easier trend on

Wall Street.-U.P.I.

Prices well main- tained. T/O: $830,000. Firmer tendency

and

re-

This is partly because Japan's Lalance of pagments position had Improved

appreciably, partly because her Import quirements had increased from lust year fallowing the econo- mile recovery here, the spoltes m: it nided, China Special.

A long a fell two

or more including U.S. Steel, American

Tources,

Foods, Haveg, Zenith, Tine, Smith, Kline &

General

General

AMC Expansion American Stores.

Victor Chemical Works,

Detroit, Feb. 5. Motors

French,

American Smejting Am. Bugar Rel.... American Tel & Tel Aincilean Tob, "B Anaconda Copper Armco Steel

and Armoir

Lukens Siec? fluctuated wide- American

with Corpornly

strength developing tion's expansion programme to beer the clore. The general tun increase its annual capacity to of stegi shares lost fractions to American $40,000 eats will be completed more than a paint.

by The end of the current year, | Motors was hit again in the Mr George Romney, the presi autos. Mall; dent. sald yesterday. China

Mall Special,

COMMODITY

FORLIG EXCHANG

NEW YORK Closing valez wore England of

30-days

New Zealan Stad Ahea

Helghar

Ginera antetunged.

LONDON

Closing rates were:

New York Montical Angster.don

Franklint Milan Osla Paris

Stuckholm

Zurich

22.01-1/16 2.31 2.00-13/16 2.80-1/10

0200-5/16

2.61-2-81-1/10

2.731-2.13) F0.69-10.50% 14021749-14082,

1744-174419

20 0212-25 103, 13.774-13.70 14.53-14 50% 12.00-12.0

Others unciranged-UP.I.

COTTON

comotiva per kilogram, es fol- Hews:

MAY Get.

9.10-

anoted

[2] the United States, the aver ge price of one inch cotton at 14 designated spot markets was 34.26 cents.

Total sales were 20,278 bales. --.U.F.I.

RUBBER

NEW YORK Nex nabber future today cloted 10 to 20 points lower with sales of 20 contracts.

March: 30.23; May: 30.27: July! 2027; Sept: 30.30; Nov: 30.20; Jan: 30.28. Mären: 30:25.

SINGAPORE Opening levels marked up on better overzets advices but with i sellers again reservert the mariet steadied further on short covering particularly on February positions.

No. 1 rubber per th. Feb. 6-05 Mar, 1-71. No. 2 rubber per lb. Feb. 25-83

0422-85% 10. 3

inqunted No. 4

05-201 70-01 Blanket crepe

NEW YORK Prices of cotton futures closed Spot rubber unbated today as follows:

11-02 MAT:, 15.07: No. 1 pale LONDON

Spot: 35.70 May: 33.10*10; didy: 32.00-04; Oct; 3170 Dee: 3 Mar; 3171; Moy: | The 30.01; July: 300.

NEW ORLEANS

Wils rubber

market barely steady with spot quoted Prices of cotton futures closed at 25% pence per lb. Price- No. 1 e spert ......... #3.2316 today or followa

Spot: 33.00; Mar: 33.95; May: 35.18; Judet: a beer 17 Mrs: 315 May: 31.8% Juty: 3990. LIVERPOOL

future closings, in Colton pence per Ib. were as follows;

American Contract.

25-25)

Oils were highly irregular, Leading Butos yielded fractions.

PRICES

SUCAR

Laldwin-Liina-flum.

Baltimore & Ohio Beneficiat Finance

Bendix Aviation Corp. Benguet Cons.. Bethlehem Steet Boeing Altplané Campbell Soup Co. Canadian Paciile . Case 11, 1) Co. Cat. Tractor Celanese Corp.

Chase. Mantal. Pank Chrysler Motors.. Colgate-Palmolive Co. Columbian Carbon Co, Colidated Edison L'rown Zellerbach Cuban Anzer. Sugar Diamond Alkall Douglas Aircraft Dow Chemicals

*}

New York Cotton Market

New York, Feb. 5. Colton fülüres today cun- tinued to be a two-sided affair, with strength in new crop deliveries do- minating the picture.

Closing prices ruled six lower to 34-points Higher. The mar- [ket opened off, six to up 14. points. New Orleans closed of four poluts.

Ensiness in

old crop months reflected smaller lean entries than expected, plus a moderato Increase in the eerlißeßied stocic and March Jiqulation before first nollee day, February 20.

Will Cancal

the Commencing August 1, Government will cancel the present direct export sales pro- gramme and substitute an ex- panded subsidy - in - kind pro- gromme. Subsidy on the new arrangement will be boosted 1 to cents o

pound, but the rate may be changed without notice to keep celton, in world- wide competition.

Loan entries for the week ended January 30 totalled 136,128 bales, about hair the Amount expected. However, the net stock of 1958 erop cotion under loon rose to 0,236,041 bales vs. only 2.640.565 bales last season.

The certitiented stuck today rose 1,981, to 83,612 bales, plus 3.211 boles awaiting certifica- tion.

Open contracts in the Morch delivery today totalled 140,800 bales.-U.P.L

PO B•Y│E&A

COMPANIES

PASSENGER/FREIGHT SERVICE

PENINSULAR & ORIENTAL S.N. CO.

OUTWARDS "CORFU"

"SOMALI" "SALSETTE"

"CARTHAGE"

"SUNDA" "CANTON"

LEAVES UK.

DUP D.R.

Salled 10/1

Din Feb.

d/i

20: Feb.

0th Mar.

Salted

17th Jan

0th Feb.

8th Feb. 2nd Mar.

LEAVES OR,

pp. ith Fed.

3 p.m. 21st Feb. Noon 13th Mar. Noon 16th Apr.

01 Mar

20th Mar.

DUE LONDON

13th Mar. 28th Mar 13th Apr.

17th May with May

*

31

70%

HOMEWARDS "CORFU" **SURAT" "CARTHAGE" "CANTON" *IUMALAYA" 11 p.m. 301 Apr. "CORFU"

Noon SL May "CARTHAGE" Noon ETS Juno

8th June

*

7th July

Dupont de Nemours

2001.

371

Eastman Kodak

Family Finance Corp.

Fire.tone Tyre & tuber

First Net City Hunk

General Fectric

Baste: Airline

General Msturs

Gen. Pub. U. Gelty Oll

alladen Co, Guanch, P. Cu. Goodyear Tyre Gulf Oll

Heyden Newport Corp Mining Co.

Homeshand...

Inland Steel Co....

Int'l Dutiness Machines

co Horventer,

NEW YORK World No. 4 sugar futures elesed today one to three points lower with sales of 254 tracts.

Domestic No. 6 sugar futures elesed unchanged to two points higher with sales of 348 con- .tracts.

Contract No. 4 (world) Morels: 3.12; May: 3.15; July: 3.17: Sept: 2,10; Det: 310; March: 9.21; May: 323 Epot-fcents per . fol Cuba): 3.12.

Open Interest: 6,575 contravis

Contrzet No. 8 (domestic) March; 5.51; May. 0.55; 7July: 3.0; Sept 5.72: Nov: 0.73; Spot-feents per lb. clf NV ex-duty); A32.

Open interest: 3,113 contacts.-

U.P.L

METALS

NEW YORK

Prices of metal futures closed

today in cents per tb. as follows:

Leid Btar. May Zinc Mur. Mny

Copper Mar.

May

International Nickel

Int'l. Tel & Tel

Juha-Maarille Co.

Kennecats Couper Kimberly Clark Loows Incorp... Long Biar Cement Co. Loweutein Soru McDonnell Alterati Stock Ext.i.... Me&ibi Iron Corp Atonigomery Motofula Inc. ..... National Cash Beg, "A" National Dalry

National Lead

New York Centen!

Olin Malleson

Ots Elevators

Owen-Hingis Glass Packle Gas & Elev Pan American Airways Paramoun! Pictures

Parke Davis Co. Penn. Balt Co.

Pop Morris

Publickor Industries Pure OR

Itadio Corporation

Rears, Nochuck & Co.

Shell on Co.

Baint Reg. Paper teost Paper

oceny Mobil Dif

19,300

Solar Alterafi_.....

1053

Bouth Puerto Rico Sugar

10.240

Southern Ca. (Than)

10.403

Southern Neden

Ga

29.121

Southern Railway (Com.)

Standard Branda

30.$20

Standard Oll of Cat.

IM.$70

Standart Oli of fnd.

09.02450) || Standard Oil of NJ.

Steep Reck

LAM

Trento Exge.j Studebaker-Packard Corp. Swift & Co.

Prices of metal futures closeil Texas Co..... today i sterling per long ten Time Ine.

Tide Water Audi

as follows:

Twonileth Century Fox Film İnyers Sellers | Unten Carbide

Union Pacific Railway

111 111 771

Settlement house form:

Tia

March

2518-257%

Mar May

April June

316-251-

July/Aug.

251-251

LONDON

Oct./Dec.

253.201

Jon/Mar.

251-20

General markets, est basis, paris: ..

Feb.

24-2516

Mar. and Apri

Monday:

March/Auri

evidenced. T/O: $1,200,000,

May/June

23.19 23.75

Estato crepe ta

Feb.

July/Aug.

$1.10 Estato crepe thle

Oct/Nov,

Tuczday:

Siccks holding their

Dec/Jan,

RU.1 20.13

th.

AMSTERDAM

Frankfurt, Feb. 5.

West Cormuhy's.

goft and

recent gains," T/0: $1,210,0

Mixed Caltract

Mar/April

13.10

May/June

122.13

July/Aug

21.00

kilogram, clt Fob, as follows:

spot 2-month Copper δρο The ruber market was quiet

J-int today. Prices in gulders per teda fel hatt'

201

20

TIN

130

rob.

#Chilna Mall Speciał,

prevailed. $801,000. Itule steady, T/O: |

$723,000,

T/0;

Bet/Nov.

P03

Nn.

rubber

2.40 now.

Hay

nc./J.

10.00

No, rubber

2.43 nom.

Zing fat halt

HAU PAULO

No. bké

Tab.

Coltun

future closingu, în

No. 1 kra

Bonn's Reserves

foteigts burterey tererves rose Wednesday: 1r conditions

by 3.200 stillllon tharke In. 150,

according to the monthly report

of the Burdushank leued today. Thursday:

nom.

267 dni. May

P

United Aircraf! Untied Fruit

trnited Q

Corp.

20% 210u.g. Gyprum

Boy0.3. Luis L'a.

U.S. Rubber

JOU.A. ameling

VA. Riest... Wainee, GroN,

fis | Wermałośve, Liestria

Wasiwaza

(K. W

Via S'jore, Penang, Colombo, Bombéy, Aden & Pt. Bald.

"EURAT" omits Cofrmbs & Gombay, and extends

to tambure. İterdain and Antwerp.

BRITISH INDIA 5.N. CO., LTD.

"HAVILDAR” dur 10th Feb. from Calculta, ilangoon

& Straka at 17th Feb.

20 Japan

due 16th Feb, from Jepan

"SANGOLA"

wils 10th Feb. for Bingapore,, Penang.

Hangowa à Calcutta

P. & 0./B. I. JOINT SERVICE

"OŻARDA"

Feb. from Japan 2436 12th Feb.

due

for Singapore, Penang. Bombay, Karachi. Dubai, Ruwait. Mauran

Khorramahaler

dus sith rev. from Karachi. Bombay,

Cochin & Tuticorin

zails Cheb, tur Japan

Jue

"ORILA"

"okMaka

2

"ORNA”

G Mar. from Karachi, Kandia,

Bombay, Corlun, Tuli-

corin & Singapore

Mar. r Japan

duo 10th Max. from Japan

Malls 11th Miar, for Singapore, Penang,

Cochin, Kombay, Kara-

chil. Kuvaki, Basrah & Khorramshahr

EASTERN & AUSTRALIAN 5.S. CO., LTD. "NÁŃKIN" In Purk trăm s

"KASTERN"

T52 Feb, for Brisbane, Sydney. Nowels & Melbourne

đưa du Bar, Go Antalia

6th Mar,

aalis

tot Japan

All reels have liberty to call atʼiny ports on đà aft the routa & the rotite & saljagu are subject to change or amendment with or without notice,

For full particulars uppily tal MACKINNON MACKENZIE & CO:

OF HONG KONG LTD. Telephone Nos: 27721-4.

>

*

E