1959-03-06 — Page 7

HONGKONG STOCK EXCHANGE

Joy

Our Own Correspundent

Business done on the Hong- kong Stock Exchange this morning amounted to apprtixl- mately $143,000. Noon quota- 1lons and the morning's transoc- tions were:

Share Buyers Reliers Balus

INSURANCES

Un bon

Lombard

Wanelork

SHIPPIG Waterboat.

23,60

Asia Nov. 1.75

500 1.125

K. Word

DOCKS, ETC.

330 3.00 200 0

00.50

6.33

Provident.

44

120)

By A SPECIAL CORRESPONDENT The Hongkong Stock Exchange was in the doldrums this week and towards the close, prices seemed to improve fractionally and the market firmed le 23.30 23.20 slightly,

The world political situation hus made buyers hesitant al- though good dividends have boen declared in the past month,

The statement of accounts of Humphreys, Lande andi Electrics are now in the hands of share- hutders and all cases profts for the year were higher, but the market is still depressed

Hongkong Banks continued to be soft and they lost $12.50 on the week after being quoted ex- dividendi last week. Unions. however, were steady,

Many of the uulity shares are showing very attractive yields after being quoted ex-dividend this week ond price movements have been slight either way.

Turnover for this dull week was down to $1.3 million com- pared with $4.18 million last wiekt,

Dividends

Dividends declared during the week were:

Vibro Piling, $i dividend and

*

30.000

17.10

30.152

10.406

篇

32.00b

34255

101.75b

$1 bonus-$1 and $1.23 bonis last year.

*

101b

NEW YORK

Rex rubber futures

14

Alden Inc, Acy.

$ 20%

closed

slx to 20 points

today lower

lows:

Allied Chemicals

180

Allis Chalmers

20%

Kuiter Industry ..................

131.

with sales of 50 contracts.

Lead Mar.

Kansas C. Power & Light

March

30,72

May

Am. Brake Shor

DU

Anwrican Airline

201

Am. Cable & Radio Corp

Kennec Copper ........

aggelt Meyers Tob. Co.

114%

May

30,13

Zinc Mar..

87

July

31.28-17

May

Sept.

31.12

Copper Mar

American Cyanand ca

5472

Loews Incorp. ...................

Nov.

May

AJET. FOERA. Power

17

Line Ster Cement Co.

Jatt.

31.50

TH

Mar

50

Lowcasein de Hors,

172

Mar.

31.10

May

132

McDermott J. Ray

47

.

630.

McDonnell Aircraft (Am.

Stock Expe

54%

Mesabi Iron

42

Minnesota Min

Alsion Development

2122

1033

Monsanto Chemical Co.

40%

No. 1 rubber

Montgomery Ward

No. 2 rubber

217

No. 3 rubber

2.49 namt, 2.47 now, 2.44 лот.

Ta

Nptional Cart Reg.

195

National Dairy Prod.

50**

No. 1 crepe

2.61 no, Copper

National Load pa

1133

Spol J-month

Spol

44

Nailonal Steel Corp

BJ14

3-month

TEU 7521 783

24316 24534 24312 2454

27 1

New York Central

27LS

Lead lat halt

76'

Norick Western Ry.

Mar

North Amer. Aviation

45

buyers

[

June

71 · 71% 7234 721

53

North-west Airliner (Com,!

ጋዜ

Zine ist half

Olin Matican

40

served.

70

Olls Elevators

10

No. 1 rubber per b. Mar 874-873%

Mar.

4244

Owen-Jitno

Glas

87

Aprit B-80??

June

70 7014 7412 -U.P.L

35

Oxford Paper Co

337

No. 3 rubber per ib.

Mar 16-88,

SUL

[CITY LIGHTS

"Just playing a hunch, that's all, ver-see if pos

can buy me a few hundred

'Soft Drinks"—"

London Express Service

( 12.20 12.30

LAND, ETC.

4.10

BK Land 29.20 29.00

234'

4.10

14,00

Humphrey.

Fix all..

Realty ...

RUEDER

1.475 1.225

Analg. 2025 2125

UTILITIES

Tram. XD 19.20 265A Star Ferry,

XD ... 354

Younal..

C. Light

300

114

183 300

100 +

Elerk

230 25.50 700 M

30 44

10.00 10.00 1000 10.00 *4,36

300

Macno E.

0.35 Telephone 23.40 20.00

100

50.50

(N) 23.69 29.80

21.71

Cament,

XD

STORYS,

Dairy ...

23.10 2320

10

Wation ... 13.40 13.00

be, Craw 14.03 14.70

COTTONS

Nagyang. MISCELLANEUS VIDIO..... 13.00

INVESTMENTS Allied HALF

0.00

Freeter & Gamble Co.

Pittsburgit Plate Glasy

Publicker induiries

Pure Of

Rudy. Comairation

AMSTERDAM

The rubber market was dull. Prices closed in guilders per kilogram, cif March as follows:

No. 2 Yubber per 1b. Mar 001-071

No rubber per ib, Mar 83-00

Spot rubber inhaled

Blanket crepe

No. 1 pale trepa

LONDON

steady with

874-872

017-83

B015-011

The rubber market was spot quoted at Prices: Na. I rubber RS po!... 232-257

Bettlement, house term:

20-501% 20-2016

LONDON

Prices of metals closed today in sterling per long ton as fol- lows:

Buyers Sellers

SUGAR

New York. Workd No. 4 sugar lutures closed today unchanged to three points higher with sales of 217 contracts.

elosed Domestic No. 1 sugar 234-201 2011-20 unchanged to two points higher

with sales of 98 contracts.

Contract No. 4 (world) May: 3.16: July: 3.10; Sept: 317; Oct: 3.10; Jall: 3.10; Mor: 3.17; May: 3.22: Epol-frente per i lob Cuba): 3.68.

Open interest: 6529 contracts.

Contract No. 6 (domestic) May: 41; July: 5.69; Sept: 0.63; Nay: 10: Spot-cents per ib. elf

NV ex-duty): 8.40,

Amalgamated Rubber, 7 cents bterim-5

year.

cents

Interiin last

Hongkong ang Kowloon Wharf

aud fioduwn Company,

lividend $0 last year.

58

Hongkong Englacering and Construction Co., Ltd., 20 ennis and a honus of 40 cents-sammė as last year.

Hongkong and Yaumati Ferry Co, 55.50 final for Preferentiel shores

for Ordinary and 95 shutes-same as last year,

Quietest

Here is an Ice House ob- arver's account of the market:

عال

With buyers adopting A cautious attitude the Stock Market experienced quietest week this year with the Overal} lumover only amounting to approximately $1,897,000.

*

P&O BIE&A

COMPANIES

PASSENGER/FREIGHT SERVICE

PENINSULAR & ORIENTAL S.N, CO.

OUTWARDS LEAVES UE._ "CARTHAGE" Balled 2/1 "SALBETTE”

Salled 0/2 "*BUNDA"

Balled .8/1 Salled 2/2

"CANTON"

"SALMARA"

DUR H..

9th Mar.

13 Mar.

10th Mar.

In Apr.

Zirt Apr.

22nd Apr.

4th May

May

DUR LONDON

8th Mar,

Prices have tended to det?t fractionally lower in segle trading

+

Eight

with

one

"CANTON"

"SINGAPORE" 15 Mar. "CORFU" "CHUSAN"

LRAVES HE HOMEWARE "VARTHAGE” Noon 13th M

Noon 10th Apr.

3rd Apr.

11th Apr,

11

13th Apr.

17th May

*"SUNDA"

A pm. 19th Apr.

25th May

"HIMALAYA"

11. p.zik. 30th Apt.

29th May

*

"CORFU"

8th Zupe

*"BINGAPORE” 5 p.m. 18th May

26th June

"CARTHAGE" Noon 8th June

7th July

oti

particular share calling for any special commett,

Batisfactory

an- dividend nouncements continued to be made and it is difficult to understand why the market has turned to dull and quiet as the undertone appears quite steady.

*

*

*

Quer Interes57entre Market Diary ----★

Noon 8th May

Via 'pare, Penang, Colorado, Bombay, Aden z Pt. Hala,

"BUNDA" and "SINGAPORE" Omit Colombo & Bombay and extend_to Jambore... Rotterdam,

and Antwery.

20.40

23.00

CARS FOR SALE

1948 STANDARD 5 wale mocles. Excellent condition. Only $1200. Call 34121, extension 450, office hours.

NOTICE

THE HONGKONG AND SHANGHAI BANKING

CORPORATION

ORDINARY YEARLY

GENERAL MEETING NOTICE IS HEREBY GIVEN that

Ordinary the Yearly General Meeting of the Shareholders of the Cor- poration will be held at the

New York, Mar. 5. Dow-Jones closing averages

were:

49 bents

Colin. future plex

Closing Prices

Am. Gas & Eltetrie

Am. Bone Prod. Am. Mach. & Fry American Metal ... American Smelling A. Sugar Her... American Tei & Tel American Tah. "I Anaconda Copper Aunco Sleel Armou

All Co. Mining Hakdwin-Laina-l tami

Head Office of the Corpora- Haltimore & Ohio

1ebela Finance

tion, 1, Queen's Road Cen-erdix Aviation Curu. tral, Hong Kong, on Friday, Benguet Cons.

Bethlehem Steel

Borden Tie Cu.

Burrough Add Stschine Calf Packing Corp. Cation File At

Campbell

e. Il Co. C. Tractur Celanese Cons

the 13th day of March, 1969, Airplane at Noon for the purpose of receiving and considering the reports of the Directors and of the Auditors and the Profit and Loss Account and Balance Sheet for the year ended 31st December, and for the election of Direc- tora and appointment of Auditors.

THE

1958,

OF

REGISTER SHARES of the Corporation

Co

C. I. T. Francial Corp. Chase Manhat, Bank Chrysler Mutors Cluet Prabody Cate-Palmolive Co. Colombian Carbon Co. Commercial Credit Comunnwealth Flee Consolidated Edison Continental U of Del. Crown Zellerbugs Cuban Amer. Sugat Diamond Alkall will be closed from Friday, Diamond Gard the 27th day of February to Dow Chemicals Friday, the 13th day of Dupont de Nemours March, 1959, (both days in-simon Kudak clusive) during which period no transfer of shares can be registered,

By Order of the Board; MICHAEL W. TURNER

Chief Manager.

Dulu Alrefafl

Eastern Airline

El Paso National Family Finance Corp, Firestone Tyre & Bulber

rat Nat. City Bank Ford Motor General Dynanatoa -General Electric.

General Foods

General Motory Gen. Pub. UU.

Gen. Tyre & Rubber Gelty On..

Glidden Co

Hongkong, 9th January, 1960-corr

Any questions?

والفلة

Grumman Airurafi

Pacifle Gas & Elec.

Pan American Airways

Parnunt Pictures

Penny J. C. Co.

123 Standard. Olf af. Ind.

SINGAPORE

Afier a slightly higher open-

ing the market eused on some profit-taking and

25-13/16 pence per lb.

24

fi3

Parke Davis C

501%

42

Penn Salt Co,

ཚར་;

Philip Morris y

55

100

473%

60

Radio Corp. Pref.

301

Republle Steel

7041

April

601

Reynolds Metal

82

Lay

Boar, Roebuck & La,

433

April/June

30

Shell Oil Co.

NOT

July/Sept

Bateway Stores

393

OCL/Dee

Saint Reg. Paper

4412

Jan/Mar

Sealt Paper

05

Deneral markets, cif basis, ports:

Sinclair Oi

Mar

2218

Smith, Cline & French

111

April

413

Sucony Mobil Oil

481

May

251-257) 251-20

1622

Boler Aircraft.....

2014

Estate crepe in

30

South Puerto Rico Sugar

2011

Estate crepe thick April

34

Southern Co. (The)

145%

Bouthern National Ga

7412

Southern Railway (Com.)

Staklard Brande..

41%

Standard Oil of Cal

Standard Oil ̈¤X_N.J

Steep Rock (Terono Exgo

Sterling Drug Co.

76x1

Stokely-Van Camp.

189

481

Studebaker-Packard Corp.

1112

Switz Cot

30%

Texar Co.

Textron Inc.

Thickol Chem.

Tide Water An Ol

Time Inc.

70%

Tri-Cont. Warrants

Twentieth Contury Fux Film

Union Carbida

2006

Vision Oil of Cal.

412%

Unton Focifle Railway

37

today as follows:

Untied Aircraft

50%

Unlied Fruit

44

United Gus Corp.

U.S. Fail "ogy"

U.8. Gypsum

CB. Rubber

4712x1 1083

Us. Line Co.

U.S. Smelting

36

American Contract

US. Steel...

D3EA

US Steel 7 P.C. Pr

181

Mar/April

21.90

Warner Bros.

31

May/June

7125

Waukesha Molors

July/Aug.

20.15

Westinghouse Air Brake ...

Oft/Nov.

19.53

Westinghouse Electric

10

Dec/Jan.

19.30

Lisbon

Western Union Tel. Co.

לט

Mar.April

19.30

451

Mixed Contract

Parin

Mar/April

$2.00

May/June

21.05

Vientia

2321

July/Aug.

10.20

Zurich

3.P.I.

Oct/Nov.

19.20

Dec Jan

17.10

Mar-Apill

10.10

BAO PAULO

*"* Yes

Mr. Chairman, Surely you agree that an Investment in a Bank Depasti Account with

Lombard Banking it one of today's

Finest opportunities

for increasing income.

"Certainly. We should have used this method a long time ago. We will certainly invest our funds in Lombard Banking."

A capital proposal. For Lombard Banking offers the maximum return vo

Bank Deposit Accounts, plus Complete Security. Companies and individuals

requiring a regular and secure income based on realistic rates of interest, paid without deduction of United Kingdom income tax, should write immediately for copies of Bank Deposit Account Booklet

No. AO.74 to General Manager....

LOMBARD BANKING

Food OZN

LIMITED... BANKENS

LOMBALO HOVER, VURISM STREET

› PARK LANE, LOKEZI WI

· Tilestone : 660 4111 8 Baag

LOMBARD JUUKIN TURKASTIETO

4 Wald-Wʻlla Janking and Drummer Organbacher,

West Va. Pulp & Paper

Winn-Dixie Stores

Woolworth (K. W.) Zenith Hadia

COTTON

NEW YORK

Prizes of cotton futures closed today as follows:

Mar: 35.15-82;

Spot: 35.60 4.45: C1: 32.22- May: 35.17: July:

24: Dec 301-03; Mar: 33.01; Mey: 31.2; July: 30.3.

NEW ORLEANS

Prices of cotton futures closed

Spot: 33.05: Mnr: 14.18: Mey, 198

July: 34.40; Oct: 221; Dee:

41xd Mar: 52.00; May: 31.03: July: 300,

LIVERPOOL

Collon future closings, in

54 pence per lb. were as follows;

Agreed Merchant Prices all unquoted.

Rates

Here is a market diary of the

weck:

*

FOREIGN

Friday:

EXCHANGE

Quiet note, 170: $554,000.

Monday:

Quiet conditions, T/O: $524,000.

NEW YORK Closing rates were:

Tuesday:

England 10-days

1.03 3/32 2.00 7/8 .1275

11.1/4

Thursday:

Dull and feature- less, T/O: $264,000.. Wednesday: Trading on light scate. T/O: $160,000,

Price changes insignificant, T/O: $395,000,

"BANTHIA"

2.12 11/10 2.72 3/4

10 3 1/8-70.01 1/4

Canada

Colombia

Uruguay

Others unchanged.

LONDON

Closing rates were:

New York

Montres Amsterdam

Brumels

Copenhagen

Frankfurt

Stuckholm

***

2 1/8-2.01 3/20

-140.47 174-140.52 1/2

19,37 3/4-15.30 11.75 1/2-11.75 3/4

$.15-10.33

3141 1/2-1741 3/4. 12

13.78 1/4-13.70

14,54 1/2-19.54 3/4 52.84-73.07

$2.15 1/6-12.15 3/0 Other unchanged.PL

Exchange Rates

Mutual Fund

Quotation

The following are quotations

of Mutual Fund in the United Business was done in the local States in American dollars. Tho the | unomelat – exchange market "this buyers' quotations Include com-

mission: une-inch moning at the following ruter:-

US. dallar

1)

9.15 spot Sterling noter De

15.92 12.75 Affilated Fund Australien 'notes (per dij

6.60 Indonesian rupiahs (per 100)

Singapore (Stralto)

In the United States,

price of average cotton at 14 designated Canadian Dollars Maximum markets was 34.23 cents.

Total sales were 33,037 bales. Since ticals (per 100) Minimum Buying | Solling 10%. 17 T/T; 17-1/18 0/D.

It

-U.P.I.

LONDON STOCK MARKET

next

Mutual Funds

Ballers Buyers

7.39

*7.09

A Bus Bars

4.24

4.04

20.03

Alom Dwy Mat

6.70

0.20

1.02

Aze Bought

35.65

Dullock und

Canada Gian Fund ..

15 08

Canadian t

Canadiant Growth

0.83

9.63

Comwlin Stock

14.99

Dreytus Fund

Chemical Fund

Dividend Sh

Tatum de 15 Stock. 1534

London, Mar. 5. was hulle interest. in Trans-❘ dend

week. Television Dectronics Innr was another satisfactory | Atlantle stocks, but the under-shares were firm. There was Found Mut Fund

Httle novement in the blue fall Found

Hamis ka HC-7 dny in stock, markets and meat tone of this market was firm. sections were able to show

made fur-fatit Growth, Įchips. Insurances

ther headway.

Inalit Income further useful gaine. Bentiment

Invest T Baston Kerekne Cust: "D-1 The Kame market, was unKeystone Canada settled and moved erratically | Min: Jay Tr

Boying continued In Industrial was helped to some extent by equities Among the dull spots the reduction in unemployment were shipping shares where the P.' and O. tliipping company's Glit-cdged had another good poor profit statement had

Represing, effect. day and despite the unchanged

figures.

a but we looking firen- towarda | Mam Growth

d the close. Coppern were qulet Bouddha, 11, à Cha

banic rate closed with gains of in motors Rovers were strong is

Net Pro, Bar Growth Taler

drift Tower

an Elite ruha ****

Wellington. Fund

up to 3a sd sterling, Foreign on takeover sea and Ford, In-- Olle toruled bonds were irregular, Thara proved in advance of the divi- but rubbers were armeU.P.L.

10.18

BRITISH INDIA S.N. CO., LTD.

"'HAVILDAR” dua' 14th Mar, from Japan

aalle 16th Mar. for Singapore, Penang,

Rangoon & Calcutta

due 22nd Mar, from Japan saila 23rd Mar, for Calcutta, Rangoon

Je Straits

"ORNA"

P. & O./B. 1. JOINT SERVICE

"ORMARA"

In Port

From Japan.

alls och Mar. for Bingaporn, Penang. Cochin, Dombay, KarA- chi, Kuwait, L'aaralı d Khorramshahr

Kandia,

Bombay. cintabore

Tuti

dae 7th Mer, from Karachi,

corin & saila Bil Mar, xux Japan.

due 18th Mar, from Bombay,

Tulicoria & Singapore walls 10th Mar, for Japan

due 13th Mar. from Japan & -S'pore Balls 19th Mar, for Singapore. Bombay, Karachi, Dubai, Kuwait, 3rd Khorramahaba

"OLINDA"

"OBIILA”

Cochin,

EASTERN & AUSTRALIAN s.5. CO., LTD.

"EASTERN"

"ARAFURA"

dum, 10th Max. from Australia anile lith Mar, for Japan

due 29th Mar, frogs-Australia

male 31st Mar, for Japan

All vermis kave liberty in call as any ports on. or mử the route à the rente à pattings ara subjoek te change or aukondmma with or without melior.

For but particulers apply to i MACKINNON. MACKENZIE & CO. OF HANG KANG TID Telephone Nav: 27791 4.