1959-02-13 — Page 9

HONGKONG STOCK EXCHANGE

by

Our Own Correspondent

Businers done on the Jong- kong Stock Exchange this raoming amounted to upproxie mately 5390,000. Noon quota tions and the morning's trang- action: were:

Buyers Bellers

filanter

HANKS

IK BAX INSURANCE

Union

Lombard

”וי,

SHIPPING

Deek

Sales

“

14:3

10

12 72%

74

THE CHINA MAIL, FRIDAY, FEBRUARY 13, 1959.

WEEKLY REPORT 'ON. THE HONGKONG STOCK EXCHANGE

BULLISH TREND REMAINS

Good Bonus Issues Announced

By A SPECIAL CORRESPONDENT

"The three dividend announcements were the only important factors that had any effect on the Hongkong Exchange this wook.

Wheelock

361

DOCKS ETC.

K. Whart

71

09

4

4.

Pravideol

12 12 70

LAND, ETC.

2012 Fotot

ิท ค

23 M

11 and

400 »

324

445

248 14

要针

4.56

Bu reys

TA

Renly..

19 1.

1.52%

RUTIER

Amala

21 317 30%

#15

21:3

21.23

210

2.15

4€ 11...

213

Trut

A. Tawall

Sangala VTALITIES

4 CAM 1.10 00

91%

Star brun

Yatmati

C. Lat

Elector

1

16.00 1680 x

t 1 ) )

(3)

24.10

Telephone,

70) 23:0

STOILES, ET

Dairy Wate

Stock

As this dividend announce-

Although it was a short week, i

taking to be ment was only made yesterday the kel

The Chinese News still too early to see how bullin after

shareholders will take the news, Your and price movements other

The share closed at $28.50, n way were only fractional with

30-rent gain on the week. stains outnumbering losses,

Humphrey' dirkend =+‡ } - nouncemen took the market by suprise with its bontig issue of one for fey and no increase of 110 nts.

resulted in n IL overnight rice of $1.86 closing yesterday at $18 on a buyer's 368) | quote, but there were still no -

retlers.

000

HK Lauds gained 25 cents (13 the www.k bus have Fot reacted yet to their dividend announctment.

Inactivity

Lane Crawford tucked on 30

It is now likely this ents for the week closing at

as pa a bore wall is do around the 314.70. 2620 | $20-level. The last time the {

share but the 12-mark was 1956.

RE 100 24 NE

10.20 15.70

300..

21

13.8 4.10 120...

16忠

200

Lane Craw

# HA

(YYITONS

Trade. 3924

4

Nunang

9,20

MISCELLANEOUS

Batert

ni

INVESTMENTS.

Allied

II.K. & F.E

Invent

Mutual Fund Quotations

$10m Call-Up

at i After a period of inactivity,

Hongkong Electric's intended 14:20 | issue of one for six of påar ($10) and on for six bonus is ex- 14.90

Uremely

ROINE generous, BUTL sharehëlder, might not welcome. the idea of handing out more

The following are Huotations! of Mutual Famits in the United States in American dollars. T buyers' quotations include con- mission

Mutual Funda

Aflated Fund Am Bus Sirs Atom Dev Nat

Axe Bought 1

Bullock Fury)

Kellers

13.37 430 554

14.73

24

13.60

Canada Gen. Fit

14 97

16 11

Canadian F

18.01

20 40

Canadian at Glow

3.75

115

Chemiest Fu

10.13

21.23

Comwith Stock

14.70

1001

Dividend Sh.

31.12

Dreyfus Fund

12.50

1350

Faton & 11. Stock

202

33 21

Electronte

121

But

ASK

1039

*

512

Instit Mount!

10.95

11 M

Instit Growth

11 07

12 10

Inutit IPTAR

7014

Inv Tr Teston

2140

?: ነፃ

Keystone Cat

2543

Kestone Canada

Mac Inv Tr

14 45

1200

1414

7.38

14

1019

13

15 15

041

751

11.07

r 1n

12:03

1.17

Mas Growth

Not See Ser:

Scudder St & t

IMI AMAL

Value Line Fo

v. 1.

Wellington

30.12

Exchange Rates

Buskies was done in

Ar

nuficial exchange market thla morning at the following rates:m

CITY LIGHTS

"Tell me about yourself, Mr. Merger-your hopes, dreams, your unit trusts....!"

your

London Exprata Service.

murley after so short n period. They have just finished parting with $10 anllion in a call-up for new capital at the end of last year tone for five at par).

Altimugh Hongkong Electrics intend to call up another $13 milion at the end of this year and maintain

3

Cotton: appeared on the boned

again with Nanyanes paising 10 cents and Textiles going up 5 enis.

Divide antiouncements this wek were:

HK Bank Lombard Union

11K Lands

11K Realty

Share Market

27b

Glance ⭑

Dividend

Yield (%)

* The

Market At A

Jan. 15

810

Jan. 22

8071

Jan. 20 60254

Feb. 5

803

Feb. 12

800

Up or Down

20.100

26.400

201

276

7214

7214m

72%

7339m

724m

--$55 atcady steady

& Bonus $48

G

32

7.4

$3.40

4.7

Wheelock JIK

Wharf HK Docks Provident

Hotéin

5.58

5.35

5.70.

6.75

450

100

13

100%

96

Voya

98m

+$1.50

50

9.3

447

45n

45

4415

443an

Klendy

+8

13

12.201

11.00

12

12.10

12.20

+10c

31.10

n

23.20

23.40

23.10

23.10

23.30

4200

B2

8.0

30

20140

3114

32

3214

+250

$2.45

14

1.525

1.50

1.80

1.828

1.525*

steady

1で

9.8

Ik Trama

27.20

27

27

26.90

+10c

$2

7.4

107

100b

1076

1120

111.

$1

8.1

03

0316

9314

96

500

8.4

18.20

10.20

1014

10.80

1814

30c

51.10

0.7

25.40

23.00

25.70

20.30

2014

+200

51.80

7.2

IIK Telephone

25.50

25.30

23.70

25.30

25.90m

steady

11.75

0.8

0.1.

Osment

20.40B

23

25.300

25.90

25.70

to

33

11.7

Itairy

10.30

1014

18.30

16.00

16.50

$1.7714

10.7

13.30m

13.40m

13.30

13.80m

13.90

+100

01

14.300

14.30

14.20n

14.40

14.70

+30c

$1.50

10.2

5.30

5.30

8.25m

5.15

5.156

steady

65c

12,6

fn

41

4m

4m

3.95

-Be

250

6.3

9.00 4

9.000

D.OOD

0146

+100

Все

8.45

3.925b

3.975

+50

Evo

16

4.70b

0.79

0.80

-+-100

80%

11.8

Star Ferry

Yaumatis

Ch Light Electricx

Farm

A. B. Watson

Lane Crawford

Int'l Investment Abled

HK & FE Inv

Texule Corp

Nanyang

9.00

0.70b

3.90

0.78b

THE TALLY: Last wook, 16 higher, 3 steady, 6 lower. This week, 13 higher, 6 stoady, 6 lower.

- 7:2

Good Gains Recorded In London

London, Feb. 12. Stock markets had another good day today, despite the failure of Wall Street to continue ita recovery

yesterday, and n fairly substantial Hat of gains were established.

Cl-coged opened higher und then cooled after the announcy- meat that there woult bo no change in bank rale, However, they tended to harden towards the clase. Is foreign bonds Greeks advanced at the outset but the gains of a point or more were eventually replaced by less of a like amount.

in-

Company news helped dustriali and Eine very good gains were recorded which in motora Included Jaguars and in Westworthy, tobaccos, breweries, electrical equipments textiles all showed gout Bank shares advanced

stores,

pas

gains.

on the Midland Bank's capital proposals.

Rubbers met renewed solec- tive buying and several good gairs were seen.-U.P.I.

DAY ON THE Mammoth Business House

QUIET DAY

NEW YORK MARKET

New York, Feb. 12.

dividend The stock market slipped lower today, more from neglect

$1.50 Humphreys, and a bonus lasue of one for Bye-$1,10 dividend last year.

than from selling pressure.

Hongkong Electric, $1.30 final

It was practically a holiday in with nu intended Issue of one all of Wall Street, although the for alx at guy and a bonus iss04 | stock exchange and America of one for six in December-- Stock Exchange operated as dividend the same as last year.

usual, having given up celcbral In Lincoln's birthday some Hongkons Land, $1.29 linal

years ago. with $1.20 interim and bonus issue of one for 24-dividend and bonus issue the same £130 last year but there was a new insus of one for 12 at par ($25)

Tarnover for this short week was $1.8 million compared with $4.71 million just before the Chinese New Year.

Here on lee House Street nist rver's account of the market;

Last week's trading Was

by severely curtailed

ile Chinese New Year holidays

there and consequently 1ttle of note to report.

is

The undertoar, however, has remained very steady with the result that price changes either way have been only fractional.

Market Diary

Here is a market diary of the wwek:

Friday:

dividend of

$1.70, the overall amount for dis-

Quiet TVO: $412,000.

conditions.

tribution next year will be $2.2 Wednesday: Quiet

million more than this year,

This year with the dividend Thursday:

at $1.00 the distribution will be $11.4 million on six million shares. Next year with the intended issue of new shares in December andl the $1.70 dividend, the amount paid out

will be on dividends

$13.C 182 milon on eight million shares.

US dollar (per #1)

5.71

Sterling notes iper 21.

Australian tintes (per £1 Indonesian rupiah (per 100)

17.78

5.00

Slamiento (per 100}

Singapore (Siralls)

· IT ALL ADDS UP TO

SATISFACTION

Consider the advantages offered by Lombard Banking

SECURITY

The Bank's Capital and Reserves

AVAILABILITY

Convenient withdrawals-first £100 available

on demand

YIELD

Interest at 5% per annum paid half yearly without deduction of United Kingdom income tax. Each factor contributing its sharo "it all suis up to successful banking, to your satisfaction,

6%

Write to-day for your copy of "Bank Deposit Account" booklet No A0.76 to

LOMBARD

face

BANKING

LIMITAD BANKERS

LOWARD HON, JURÍDE ÅTREET PARK LARE, LONDON 19.1

†slaptime: 183 4115 CERN)

A World-Wide Banking and Phyanes Organization

conditions.

T/O: $354,000.

Price

movements fractional, T/L: $015,000.

Yesterday's Closing

Am. Gas & Electric Am. Mach. & Fdry.

American Airline

20% | International Paper

Amer. & Forgh. Power

17%

4832

53%

2014

50%

31

#34%

100%

072

American Metal American Smelting

in. Sugar Ref..... American Tel & Tel American Tob. "B" Anaconda Copper Armeo Steel

Armour

Oils met seme pressure with the international issues roftest with loses running to inbre than three points. Chemicals Baldwin-lain. slipped of fractions to more Baltimore & Obla

than reint. Strels joined the decline. Rails, utilities, motors, stlected aircrafts and some special issues fell back.

Early Gains

Several

specials held a fair thare of early gains that End ranget up to four points.

But on the whole the financial district was almost as deserted as It is on a Sunday.

Today volume was 2,830,000 shares.

Of a total 1,159 issues traded, 388 were higher und 034 lower. American Exchange volume

volume amounted to

was 1,400,000 shares.

Bont'a $4,740,000.

Dow-Jones

were:

30 Industrials

20 ralia

15 takt|(fies 03 stocks

40 banda

closing averages

Atlas Cans Mining

lentilela Finance.. Bendix Aviation Corp. Benguet Cors... Beuileleni Stee! Hoving Airplane Campbell Soup C1. Canadian Pacific R. Care (J. fi co

Cal. Tractor

Celanese Corp. Chrysler Motors

| Colgate-Palmolive Co

Colombian Carben Co. Commercial Credit Connessenith Elee. Conrailated Editun Crown Zollerbach Cuban Amer. Bugar

Diamond Aikall

Douglas Aircraft Dow Chemicals

Dupent de Nemuurs Eastern Airline Eastman Kodak

Family Finance Corp. Firestone Tyre & Rubber First Nat. Chy tank Ford Motor General Electric Canerai Foods Cleneral Motors

$81.89 Den Pub, UHI Getty O

+60

Lockheed Aircraft

Int'l Tel- & Tel

Jalin Manville Cu

Kurtans C. Power & Light

Merecott Copper

Kimberly Clark

Loews Incorp

Lone Star Cement Co.

Lowenstein & Sons.

271% | McDonnell Alteraft

Slock Exge.)

Merabt Iran Corp Minnesota Minin

4214 | Marion Developevent

Montgomery Ward

Motorola inc.

National Cash Ret. "A"

National Dairy Prod.

National Lend

New York Central

Chi ElavoinTs

Owen-linols Glass

Pacific Gas & Elec. Fan American Airways Paramount Pictures

Parke Davis Co.

Penn, Salt Co.

Philip Morris

Pittsburgh Plate Glass

Publicker Industrie

IAM.

17

14

20

09

02

409

51

2013

24

Olin Mathieson

YTH

40

ST

2312

3142

401

Pure Oli

Radio Corporation

701

Republle Sicel

142

3212

300.13

80.38 Ulkiden cri

4014

204.49

16.45

Goodrich (B. F.) Co. Goodyear Tyr

2412

141

Comm. future price index

144.04

Gulf O!!

.1414

Heyden Newport Corp.

14

Home take Mining Co.

401

Ingersoll-Rand

07

Inland Sleel Co.

130

20%

Int'l Busine

Machines

97

414

*

Closing Prices

Alden Inc. Asy.

Allied Chemicals

Allis Chalmers

In1' Jarvester

international Nickel

COMMODITY PRICES

LONDON

May/June

22.10

LONDON

The rubber market was Idle

with spot quoted at 25% pence

Heynolds Metal

£66⠀⠀ ⠀⠀£¤Ãˆ s g ħ Q Z ⠀ ¿ ħ ÿ Ě Ŕ õ £ b − b ⠀ E

A

Tokyo, Feb. 12, mammoth business Firm claiming to be the world's Intrest trading concern will next come into being here Sunday through the merger of two offshoots of the pre- war Mitsui Žaibatsu (com- bino) interests.

The re-surrected Mfitsa! Bussan Kaisha (M.B.K.) which hoper to do mort million yen

thart 500,000 (2500 million)

of business this year, will be

Inaugurated by the Dallchi Виявл Trading Company and the (post-war) Mitsul Insan Trading Company. A spokesman for the new finn said: "We wish to be a good servant for AJA national economy

well as the Tho days Zaibatsu family

vast finanelák empire through a heirarchy are rone forever."-China Mall Speelaf,

Mitsul

32.j

дя group.

p

could rite

P2O B·I│E&A

COMPANIES

PASSENGER/FREIGHT SERVICE

PENINSULAR & ORIENTAL S.N. CO.

OUTWARDE

LEAVES UK.

6/1

DUB II.K.

14th Teb.

Rh Mar.

Market Holiday

In America

New York, Feb. 12.

The following were closed today in observance of Lin- col birthday holiday:-

New York Metal change.

"BOMALI** "SALSETTE" "CARTHAGE" "SUNDA" "CANTON" "SALMARA"

HOMEWARDA

"CORFU"

Sallod

27th Jan.

0th Feb. BU Feb. 2nd Mar.

7th Feb.

LEAVES Л.К.

6 p.m. 13 Feb. 5 p.m. at Feb. Nogo 13th Mar,

ដង

"BURAT" "CARTHAGE” "CANTON". "IIIMALAYA" 11 pm. 30th Apr. "CORFU"

N con 0th May "CARTHAGE"

Noon 4th June

th Mar,

30 Mar.

1st Apr.

19th Apr,

BUE LONDON

10th Mar 28th Mar.

Via Spore, Penang, Colombo, Bombay, Aden & Pt. Said.

“SURAT" emite Colombo a dommy, and wetendr

to Hull, Hamburg. Rotterdam and antwerp.

Ex-

New York clunge,

Rubber Ex-

New York Foreign Ex- change,

New change.

York Sugar Ex-

-U.TI.

*

due

13th Apr.

16th ABT.

17 May

28th May

* July

*

Bouth Puerto Rico Sugar

BRITISH INDIA S.N. CO., LTD,

"HAVILDAR” due (61): Feb. $211 27th Feb.

"BANGOLA” due 18 Feb. sails 100 Feb.

Irom Calcutta, Rengson * Straja tor Japan

from Japan

for Singapore, Penang. Hangoon & Calcut

P. & 0./B. 1, JOINT SERVICE

"OZARDA"

Feb. 2011 18il: Feb,

dus 17 Feb

8th Feb,

from Japan

for Singapore, Penang, Bombay, Karachi Dubai, Kuwait, Bastan & Khorramalandır

from Karachi. Bombay.

Cochin & Tuticorin tor Japan

from Karachi, Kandio, Dombay, Coelila, Tull- cerin Shgapore

* 24 Mar, for Japan

Mar. from Japan

ut that, for singapore. Ponang,

Cochin, Bombay, Kara-

eht, Kuwait, Bastais Korzaniahr

*

American Contract

Spot rubber unbated

£0-852

Sear. Roebuck & Co.

FOREIGN EXCHANGE

Mar/April

Blanket crepe

79.01

Shell Oil Co.....

No. 1 pale crepe....

38-21

Saint Reg. Paper

Scott Paper

July/Aug.

20.73

Sinclate G11

Oct/Nov.

19.70

Sucony Mobli Oil

Dec/Jan

39.70

Solar Alterati

Mixed Contract

Southem Co. (The

Mar/April

22.06

per lb. Prices:

Southern National Gas

May/June

Ne, à Re apht

2316-2512

Beuthern Railway (Com.)

July/Aug.

20 35

Settlement house termu

Standard Brands

"OKIILA"

Oct/Nov.

1950

March

2012-20-%

Standard Oil of Cal.

Dee./Jna.

10 25

April/June

237%-25%

Standard Oil of Ind.

July/Sept

2311-2531

Standard Q of NJ.

BAO PAILO

Oct/Dee

257-241

Jan/Mar

2515-20

Steep Rock Tarento Exgu) Sterling Drug Co.

"ORMABAN**

due ph har

Studebaker-fackard

Corp.

2511-291% 2515-201

Swift & Co.

Texas Co

"OENA"

-

2015

Closing rates were:

New York Montreal Amsterdam

Copenhagen Frankfurt Bitian

Orla

I'ptis Stockholmn

2.0-15/10-2,1 2.75-8/10-2.75-1/10 10251-10.00T

103N-A TORN

1744-17441

20.3376-20.0376

$3.77-13.77 34.53-14.534

72.83-7283 121-10.114

Vienna Zurich

Others unchanged.-V.P.I.

COTTON

NEW YORK

of cotton

Prices closed today as follows;

futures

Book: 35.70 nom' Mar: 33.31: May: 33.48; July: 34.34; Oct: 31.; Dec:

31 Mar 31.81; May: 31.00: July:

1.00.

NEW ORLEANS

Cotton cruzeiros follows:

July

future closings

per klio

All others unquoted,

General markets, cit baris, parts:

f

Fou

were (19

Mar

April

07.00

Mercl

Estaie crepe thin

.....

Estate crope thick

March

In the United States, the

New York rubber market was

Tide Water Aasti. Oil

Twentieth Century Fox Fin Union Carbide

Unilen Alceraft

Union Parlie Raliway

Unlled Fruit.............

United Gas Corp.

un-

average price of one-inch cotton closed for holiday and. Amster-

at 14 designated

was 34.27 conis.

were spot markets! dam rubber prices

changed today.-U.P.I.

Total sales were: 32,632 bales. -U.P.I.

RUBBER

SINGAPORE

METALS

LONDON

The Un market was ready. Spot

US. Foli "B"

U.S. Gypsum

U.S. Line Co.

UB. Rubber

U., Amelting

V.B. Steel

Wainer Bro

Westinghouse Electric Western Union Tel. Co. Woolworth (K. W.)

and three-yñontha idée Agreed Merchant

to 78834 and 7891⁄4 sterling

Alter opening unchanged respectively. the market ruled quietly steady throughout the maming there Tin

for lower Prices of cotton futures closed tras good Interest today as follows:

Spot: 34.03; Mar: 33.38; May: 36.4; July: 33: Det: skud; pec: 14: Har: 31.99, May: 3134; July: 21.09.

LIVERPOOL

Cotton future elecindi pance per lb. were si followe

Th

grades for both February and March and a fair business was transacted for latter months.

Futures:

No. I rabber per lb. Fab #05-097%

Mar fra, a tubker per ju. Ta soji 4321 Ka, a rubbar jạt th..

No. 4 rubber per ib. Feb

tody

3-month

Copper

Spot 3-month Les it ha

MAV

img" ist half

Ti

May

Buyers Seliét

18813 180

70 FOLL

Rates

Canadian Dollars

10

22942 Belling

15/18,

Maximum Minimum

Buying 17 3/10 T/T; 17% 0/D.. Swiss Trance Maximum

Bell Belling 74.

West German Deutschematka MAKIPARK, HALing IR 3/10.

7

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

"KARMALA"

"EASTERN"

toada Brd Mar.

4th Mar. the Labuan, Sondakin

risbane. Sydney Melbourne

due 61 Mar, from_Australia

0th Mar for Japan

All wetsela bavá líbáity to call at any porta an or off the route & the route & wailings are subject to change or amsadmens with or without police.

for full particulars apply to a MACKINNON. MACKENZIE & CO. OF HONG KONG LIB. felephone Nes: 97/21 4.