1959-05-15 — Page 9

THE CHINA MAIL, FRIDAY, MAY 15, 1959,

WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE

MART ON BUOYANT SIDE

Banks Again In

Demand At Improved Rates

Tho.

local - share market continued buoyant with a good average turn- over. The undertone remained steady at the close yesterday.

HONGKONG

STOCK EXCHANGE

by

Our Own Correspondent.

Business done on the Hong-

have

Villives appeared to been neglected during the week with prices casing off sightly. Tiele places was taken over, however, by Yaumatis, Taikos Ducks, Coments, Kowloon Wharves and Hoteis all n which were traded at improved talen

Kowloon Wharves moved up to $90 yesterday, an improve- ment of $5 over the week while natis were up another 53 closing at $166, Taikoo Ducks were a $1 un the previous weeks.

Cements were up 60 cents buyers while with unsausted

kobg Stock Exchange this morn dermand for Hotels etinued. ing unter to approximately | with Both change in rates. $1,305,000., Neon quotations and

the morning's transactions

Buyers Sellers

Shatra

BANKS

JUK Bank. 150 07

V. KU

Lothart,

XD

SHIPPING

WalsTIKRI Wheele

DOCKS, ETC.

K.

Duck

22.70

Sales

20 852

45.0

60 2 1952.50

74

63

200 •

100

1907

4:3

4.

או

Wharf

... 41

44

1400

Provident,

LAND, ETC.

Jik Land

10 1.40 11.

Ik Hotel 20.10 21.30

Rumphreys 15.21 1

201

JJ

10)

420

чика на

Banks were again the main halime with pricus closing at $8524, while in London prices ¥****Fta{ak*c} 71 £50-the | highest for some tinte,

During the week the Anwy Canning Corporation announced and dividend of $1 for 1950 ani a proposed bonus issue of ohy new share for every eight shoves held.

|

The Share Market At A

UK Bank Lombard

Union Wheelock HK Wharf

IK Pocke

Talkoo Docks Provident

HK Hotels

UK Lands 1K Really HK Trams Star Ferry

11.30

24.550

ΣΕ

$3

1.575

27.10

108

Glance *

Dividend

& Bontis

London Industrials Boosted By Steel Production

London, May 14.

The stock market paced by industrials closed higher today on improved steel production figures and the new record high on Wall Street yesterday.

Brilish American Tol. Co., 110-

Imperial Tobacco Co., Ltd-58€

Miscellaneone Trial Oxygen Lld. Ord-30. Canadian Preite Rly-85236. Dunlop Rubber Co-2 101d. Hongkong & China Gasm117. Imperial Chemical-34 ga, Lyons & (1)=-870.

Up or

Apr. 16

80'1

Apr. 23

8221

Apr. 30

8374

May 7

May 14

Down

Yield (%)

850

83214

+$234

$48

8.0

30b

3014b

30

2014

+50c

$2 →

6.5

721

74

736

734

7xd

+500

$3.40

4.4

5.00

5.80

5.05

4.15

150

тве

12,3

Bab 39

8514

831⁄4b

BE

90

+55

$B

3.0

39

*01

43

44

steady

85

21.4

www

3334

2474

+-51

11.00

11.80

11.80

11.70

-100

81,10

0.6

24.00

25.00

20.00

20.90

+30c

$2.50

321%

33

33

stendy

$2.40

1.60

1,60

1.525

1.625

stendy

150.

9,3

The industrial' list showed gains all along the line. Stores, and leading steel and engineer- jing shares featured-the section.

securities Gift-edged

in- proved continued investment

st.

2714

20.90

28.00

28.30

-400

12

0.8

1125

115

134

--$1

05

0814

103

100

+33

11,60

18.20

18.80x1

26.60x6

18.20

404

$1,30

6

21.50

27.80

20

28

27.80

~~~200

$1.90

6.8

25.20

25.40

26.80

27.20

28.30 24

20.00

26.30

--300

$1.75

6.4

29,30

29.90

+60

$8.25

11

15.10x1

1540x4

15.70x8

16.40

18.40

Mendy

$1.525

9

14.20

14.40

1440

14180

14.50

steady

31

6.7

10,50

16:50

16.70

17.30

17.30

teady

$1.50

8.7

5.35b

5.40b

6.40b

6.70b

6.000

+20c

05

11.1

4.256

4.40

4.45

4.45

4.45

steady

258

6.6

KK & FE Inv

19.500

10.50

10,50b

II

11.105

+10c

800

7.1

Textile Corp

4.65

4.85

4183

4.80

4.80

steady

600

11

C

Nanyang

7.85

A.20

8.30

8.20

820

steady

80c

10.0

03-0/18.

Yaumatin

Ch Light Electrics

UK Telephone

G. I. Cement Dairy Farm

A. 8. Walson Lane Crawford Int'l Investment Allied

206

16

Commodity Prices

RUBBER

Hex closed

NEW YORK

rubber futures

Tente pe b fab Cuba: 2.1

Open Interest:

BOER contracts. Contract No. 6 (domestic) Mov:

Sep; 5.83:

3.31 31

frents per ib. elf NY ex-duty:

A.05.

Open Interest:

UPI

today

20 to G0 points lowIT

with sudes of 132 contracts,

Closing prices:

3Tay 334 July: መኑ መን Ket 25.00;" Nov: 35.05; Jam: 34.75; Mat. 24.03: May: 34.4

After an early stamp of UG

tf points, the market came back

about half-way On

3

B

7.4

Wall Street Steels Up

New York, May 14.

demand.

Foreign bonds were quiet but dollar stocks were generally up. Goid and copper shares were higher.

Ulla advanced but rubber thares were mixed.—UPI,

Closing Pricos

Giltedjed Fonds

Relish Transport 31038/11--

8.1/10.

Consola 2-25116

Conal 474-13:30

Conversion Luan BALTA 19C0-- Funding

Loch

2% 1947/69-

Funding Slock 3147, 1900/2004- £73.

Od.

Funding Loan, 4%, 1965, 'DO--- £2021. Savings 3, 1957/05-C917.. Savings 1990/70-1

Savings 35, 1065/75 £78-1/18.

TEATERS

Borclay's Bank "A" lid ord-nöje

Chartered Rtarık-474. Hongkong-E

Insurance

Union Insurance Canton- £4%.

Aircraft and Motore British Motor

10144

4341 Steel shares soared on the New York Stock Exchange today when the White House announced David McDonald will visit 19

COTTON

NEW YORK

Closing prices were:

00; Dog: 32.61; Mar

33.14. July: 32.74, Ort: 31.20.

Sput: 30.25 nem; July: 34.03; Oet:

May

32.93;

NEW ORLEANS

Hongkong Trams caped slightly when rumours of

covering 22 possible bonus Issue falled to } and

trade buying e- teaterlaline.

couraged by technical reasolis and the steadler tone at London Closing prices were: Textiles remained unchanged at the close

Bust: 3460; July: 34.08: Oct: 43 with little business transacted.

Dec: 12.01; Mar: 2006 May: Spot No. 1 Ass was quoted | Juty: 32 73. Let: 31.25. Amalgamated Rubbers dis- at 353. cents. played renewed strength dunng 21 En week but used off on the 1.55 jp in price of the raw

material.

3300

124+

JIN 4

15.20

Jelly ....

160 1:25

DANA VA

300 w

1.025

KUBBER

Ameix.

... 2435 2.925

UTILITIES

Tear

bur Ferry

Yaumall

"10"

Eketric

Telephone 70.30 20.40 2

... الانته

Market Survey Following is a brief survey et de marices for the past week!

Friday:

.

114

100

103

10

155

100

C. Latit

10 18.

500)

18.20

KOA...

Monday:

10

27.70 27.03

120... 27.0

100

27.02 27 SU

110 ..

K 28.40

Tuesday:

INDUSTRIALS Comment...

50 30

100 20 43

KA

0

130

$80

30.50

3000 P

30 23

1520 16 40

$30 1 QUO

17.40

༤

STORES, ETC. Hairy

1618); Watson ...

1440 Lane, Craw, 1749 175,

COTTONS

Textile..

4.725 481% 4000 w

Nanyan

INVESTMENTS

TOK INVEST. 0.40

I.K. & F.E.

Jasen

102

XOXO IN

3'

TOU M

5.00 K

5.00

AMSTERDAM , The rubber market was quiet

Prices today.

elosed in guilders per kilogram, elf June His follows:

LIVERPOOL

President Eisenhower at the 'President's hotel suite this afternoon,

Hammond Organ

Mr McDonald, head of the Grummen Álturaft United Steelworkers Union, is in Gutt ou New York with his steel worker leyden Newport Corp. group to negotiate a new wage | Homestake. Mining Co. coutract with steel executives. Itusmoorefrig

Imperial Di

Up to now, the financial dis-Idaho Power 38.16telet bad about concluded Ingersoll-Hand

steel strike would be inevitable i Inland Steel Co. when the contract expires June Intl Business Machines

Today's visit with the Pre-Int Harvester

aldent was seen as a possible wedge in the negotiations to

walkout.

Up Four Points

Closing prices were:

30

American Contrpet

Miny/June

27.85

July/Aug.

21.03

avert

Oct/Nov.

21.40

- No. 1 militær

22 10.

Dec./Inn.

21.34

No. 2 biser

2.00 Bom

Mar Apr

2141

| No. 3 rubber

No. 1 crept

Despite

2.75 210711. 9.10

May/June

21.30

Mixed Contract

SINGAPORE

May/June

30.50

rather better than

Juty/Auk

23.03

Del Nov.

22.1

Dec./Jan.

21.43

Mar/Apr.

21.35

21.33

U.S. Steel,

Fairly good trading | expreled" oversens advices there with little change was heavy selling at the outsol in prices. Turn-which brought opening over, was approxi- down by two cents. mately $1,124,000.

May/June levels

BAO FAULO All prizes unquoted today. In the United States, the average

une-inch price at 14 designated spot cotton markets was 34.63 cents,

Total sales were 34,473 bales. -UPL

The market appeared to con- solidate at the 90% level during Markel remained the afternoon and some enquiry fairly active with for forward

was met towards a furnover of aps proximately $1,080,000.

the close.

Futures were! No. 1 subber per ib.

No. E rubber per tu

Juke

No, 3 rubber per 1b.

June No. 4 rubber per b.

Irregular conditions July previlled with few variations in rates. Turnover WA $1,079,000.

Aput rubber untated Wednesday: Stendy conditions anker crepe

prevailed with No. 1 trading on a

Thursday!

moderate

senie,

איין h

LONDON

100)+1007,

19%-100

$:29-5

€17-02

11:40-100

4-6

-101

The rubber market was stenty

Turnover amount-after easy with

Bout No. Ras

FOREIGN EXCHANGE

Isterchemical Corp....

International Nickel International Paper Int'l Tel Tel Johti-Mawilla Co. Kaiser Industry Kennecott Copper Kimberly Clark Liggett Meyers Tub. Lily Tulip

Lillon Ind. ....

as Lockleed Aircraft

Gains in the meet depart- men ranged to more than poial, in such Isaues Luken. Continental, Youngstown Sheet & Tube Lowenstela & Sons.

andrews Thement Co.

rosu

Lone Star

Ray

McDermoti J. the leader,

Me Donnell Aircraft

Block Exge). Met fron Corp. riseMinneola Mining

nearly 4 points, Othery- were up 1 to more than E points. Metal shares joined the teday and registered gains running to 2 points or morc. The market was particularly strong just before closing with Demand tickers running late. spread to the rails which had Rome wide gains on sharply higher car loadings.

Today's volume was 3,000,000 shares.

Of a total 1,245 issues traded, 603 were higher and 419 lower. American Exchange volume, was 1,450,000 shares.

Bond volume amounied 33,000,000.

Closing Prices

spot quoted at

20-29

NEW YORK Closing Tales were: Canadian England ital

4.63-43/10

Ju-day

2.81-17 2.61 .11

Alden Ing. Acy.

Alpoma Steel Corp.

ed to approximately 29 pence per th. Prices $832,000,

Hedera house ferin

Market closed ne

(July/Skuč

steady with a firm gelber December

undertone,

over wa

Turn- January/March

-

KOMPETA

29-201

-

-

General torrkoli, elf baris, porti May and Ju

New York .... Mundrak

July

Frankfurt

Felic sepe thin June 30

proximately

$1,870,000

fatmut pull without

Kingdom İsame boat.

SECURITY FOR YOUR SAVINGS Putting it in or taking it out—it is just as casy to do either when you have a Bank Deposit Account with Lombard Banking. While

your money carns a steady 5% interest, it

is both safe and secure.

5%

Write today for your copy of "Bank Deposit Account!" booklet No. AO. 74 to General Manager

LOMBARD BANKING

LIMITED

· BANKEZ

LOWBARS MOUSE, OVEDEN KYRKET

PROX LASE, LONDON W.1 Toleybuss: 905 4151.470 Mand

METALS

NEW YORK

Closing prices were;

Lead

May

July

Zine

May

July

Cupper May

July

July

Tin May

LONDON Closing prices were:

1.555

11.05

19.05%

10.300

It.201 31.75

102.246

101.250

Abitibi Power & Paner

Allied Chenients

Allied Mills Ine.

to

|

Mission Development Mosanto Chemical Co. Moaluomery Ward Motorola Inc. National Biscuit Ca. National Cash Reg. "A" National Dairy Prod. National Lead

National Steel Corp.

New York Central

Noranda Mines Ltd.

Norfolk & Western Ry,

Amer, Aviation

artis-west Airlines (Com)

Otin Mathiovan

Oti, Elevatore

Owen-tilisuls Glass

Oxford Piper Co. Pacific Gas & Elec Pan American Airways Taramount Pictures

Parke Davis Co.

Penny J. C. Co.

Penn Salt Co.

Philip Mortis

Pitney Bowes.....

22 Brcoter & Cumule Co.

Pilisburgh Plate Claus

1/113%

Publieker industries

42

Puro Oti

Allis Chalmers

201

Radio Corporallon

Radio Corp. Pret.

Ain. Brake Bhoe

American Airline

76

aythe

Astarlean Cyanamid Co

401K

Republie Stee!

Amer. Melural Gas

10

Itoyal. Bank-al Canada.

53%

153

271

Vruguay

Gers unchanged,

LONDON

Cling rates were:

+blan

Paris

Blackbuken

2.01 9/10-2.01 11/16 2.71 5/20-2.11 7716 11.77-13.7732 1747-174736 19.00-13.00%

12.302.17

Vienna Zuri

Others unchanged.—ÜPI,

U.S. INVESTMENT

QUOTATIONS

following are United States investment quotations in American dollars. The buyer's quotations include commission:

Mutual Trust

Sellars Buy PER

"Amer... & Forga, · Pawer

Ann Gas & Electric Am. Home Prod..... Au Mach. & dry American Metal...... American -Spangen "Ame""" "Yugirtan"

Amerten Tel Tel American Tob. “n“

Anaconda Copper Armes Steel

Armour

Allar Cons, Mining Brid win-Line=FIRE. Bark of Montreal Dallimore & Ohlu Beneficial Finance Beulx Aviation Corp.

Benguel Cons... Betlehem Steel Boeing Airplane Barden (The Co Hrlish Amer. Oll British Columbia Power Burragh Add Machine

The

Reynolds Melaj

Seara Roebuck & Co.

Shell C Co.

314afeway Stores

Baini Reg. Paper

Schenley Indu

Sinclair Oil

£! Breith, Cline à French

Boceny Mobil On

243

Stokely-Van Camp.

Stene & Webster

Studebaker-Packard Corp.

Sunithine Mining Swift & Co.

Texas Co.

Textron Inc. ....

28%

Corp. Ord-18s

Ford Motor Co-03 Dd.

Breweries

Distillers Co-371 E.

Buddio and Materials Associated Poriland Cement-664 inchin Jolution Associates Ond- Coal, Steel and Engineering. Babouck Wilcox Lid-47 30. Vickery Ltd=330 96.

Food and Tobacco

Unilever Lid=102% 1948.

Paper

Bowater Paper. Corp. Ord---404.

Radio and Electrical Associated Electrical-40% 3. Flectical & Muxion)}}%, English Electrle Co-034. General Electric-14.

Alipping Indo-China

Sitar Nay. Cư, uể

PO Steam Navigation def ord Ktorea

Great Universal

Slutes "A" 185

Marks&Spencer Ltd--AGE Woolworth F. W. & Co-43 08. Textlin Cunin&d-24 3

Courtaulds L10-30%.

fine Anglo-American Corp of South Africa-18 Tha

Cony Goldfields of South Atılca... CO: 64.

Con Zine Corp. Ord-04: 03. De Beers def—iða 13⁄41⁄2d. Honekana Tin-4x 15. Petaling "Tin—8% 30.

Band- .

Scuthen Kinta

Este Ltd

Union Corp-50 tid. West

126 301-3.

Driefontein Goldwining-- West and Co239 70..

ou

Destin Borhes Peltoleum Byndi. cale-55% 7.

Bratb Petroleum Co., Lid-304.

มิ

Ba15 (28)# id!,

Shell Transport

#Trading-13

Iteyal Chitch Petroleum-£1824

24 -Ileuter.

P.OB.I E.A

COMPANIES

PASSENGER/FREIGHT SERVICE

PENINSULAR & ORIENTAL S.N. CO.

OUTWARDA

"CARTHAGE"

LEAVIN U.K.

Rated 2014

"COROMANDEL" Salled 20/4 "SUBAT" "PINJARRA" "CANTON" "SOUDAN"

"SOMALT"

HOMEWARDI

"SINGAPORE" * "CARTHAGE" "CANTON" "PINJARRA" ± "CORFU"

“SOMALI" *

"CARTHAGE"

QUE HK.

1st June

2nd June

Salled 12:5

IFLA MRY

3rd June

Auth

May Eth Junc

161 June

20th June

3rd July

7th July

1511 July

LEAVES 8 K.

30. 18th May p. th June p.m. 0 July

Noon 18th July 5 p. 31st July 3.m. 10th Aug.

DUE LONDON

3rd Jun

7th July 6th Aug.

17th Aug. Jat Sept.

211 Sept.

p.m. 28th Aug.

20th Sept.

Via S'pore, Pening, Colombo, Bombay, Aden & Pi, said. Colambo and * "BINGAPORE" & +SOMALI", omit Bombay and extend to Flamburg, Rotterdam & Antwerp.""

Sat * "PINJARKA”

proceeds 5'porr, Aden, r

London,

Antwerp, to Hamburg. Ilottesdan &

Citerca

BRITISH INDIA S.N. CO., LTD. "HAVILDAR” dus 22nd May from Calcutta, Cali

Fong, Rangoon & Siraits saits 23rd May, for Japan "Cu6" Bu "June" "Troia Calcutta, IONIQUE

Penang & Bingapore t th June for Japan

Dala

"SANGOLA

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

"UMARIA"

"OZARDA"

In Port salla 10th May

do 20th May

from pati

for Singaporn., Penang, nombay, Karachi, Dubos, Kuwalt Bairah Khortanishahr

from Karachi. Bombar

Cochin, Tuucoria RED DOTO

Lor Japan

from Jagun

&

Ku-

for Bingapore. Bombay, Karachi. Dubai, waft. Darah & Khor-

aup 28th June from Japen salle 23th June for Blagapore. Penang,

Madras, Cochin, Bom bay Be Karachi

60

Botar Aiteralt

78

South Puerta Nitco Bugar

2311

Soulbern Co. (The) ******

1424

Southern Novonal Go

13

Southern Railway (Com)

CO

Blandare brands..

4421

sundard oil of Cal

Standard" Oil of Ind.

Blendard OH at.N.J.

Flowp Lock (Toronto Exge.)

Sterling Drug Co.

"OBRA"

zelis 29th May 7th June All 9th June

Buyers Spilots

Adilated Fund

1.50 1.18

Spat

2045

Am Bus Shra

4.30

480

Call. Packing Corp.

3-month

7841

Asom Dev Mut

201

6.20

Campbell Soup Co....

Copper

Ake Hought i

1.50

Canadian Bank of Commerco

Spot

23312

2337

Bullock Fund

14.30

Canadian Breweries

<EP

Thickel Chem.....

"OZARDA"

40.83

Downth

23424

Con Gen Fund.

J9.11

Canadian Pacific R.

2014

Tide Water Asan, Oil

14.34

Lood fat helt

Canachan Fund.....

1040

Case (J. 1.) Co.

23

* DỤ

May

10

71

Onation Int Growth

0.12

0.97

Cat. Tractor

Da

T-Cont. Warrants

Time Inc. ********

Aug.

*24

Chemical Fund

11.00

11,00

Celanese Corp.

STEK

Twentieth Century Fox Film

Zing at alt

Comwith Slock ....

15.61

10.07

C. I. X. Facial Com. ....

sa

Union Carbide

May

รรม

Dividend SIMB

3.07

Chrysler Motors..

101

Union Pacice Hallway

111

Aug.

735

TZER -UPI.

Dreyfus and ...

13.00

1847

Clušti Peabody

United Aircraft

Eaton & Stock „Fleetponlar "Inv

Colgate-Palmolive Co.

Uplied Fruit

24.10

24.00

261

1.31

US. Foli

**

Feund But Fund

10.43

11.34

V.B. Gypsum

Ham Fd HC-7

4.03

1.00

10.91

11.03

Continental oil of Del.

80

8. Line Co.

11.00

1450

Crown Zellerbach

Crane Co. .....................

45

1.3. Rubber

256

7,54

Boston

1143

Culin Amer. Sugar

1271

22356

24.01

Keystone Canada

14.49

Mass in Tr

15.02

Mrs Liv Growth...

$3.00

14.31

NEW YORK

Dow: Clumlčala

87

Nal Best Set Growth

8.33

0,00

World No. 4 sugar futures Scudder St & c... closed today unchanged to Teler at no l

Value Line Fund... points higher with salts of 204 | V. E. P. contracte.

40.18

40.15

Dupont de Nemour

200

Eastern Airline

10.00

17.40

Zaakman Kodak

1.33

7.70

El Paso National Ass

41.80

3230

Wellington Fund

Family Finance Cory.

31.62)

(Firestone Tyre & Rubber

KEYSTONE

Fire Mat. City Bank Tan

Ford Moler

SUGAR

Domestic No. 0 sugar futures closed 1 to 2 points lower with sales of 454 contracts,

Instit Found

Instit Growth In14 Income

Inver T

Keystone Cun

Colombien Carbon Co.

Commercial Credi

Consolidated_Edison,

Diamonu Alkali””

Disinond Gard

Dominion Stores

Daugina Aircraft

Tiq.Value Bang yard otor Co. of Capade

3. "9-1" High-groche

C. stock ..... 10,33 World futures, refectod tho | a. "9-4′′ Income Ľ.

Blocks altuation and tho

|8. "99"

firmer TAW

ricudier tone of the London

market.

Contrast"No."4" (world)

July: 2.93): Sepli. Eşi;;plati” „8-90; Jan: 3.17: Marg 2.06); MK7 3.00

July!

General Dynamics

20.30

[general Tlectrio

General Foods

Apprecia ton C. atoka k Kerstone-- Pind of

General Matoni

10.07

Gen. Pub, til

gan, Tyre & Rubber

Here Facep

Glidden-Co.

Growth

NATIONAL

City all

Liq.Value Holter Goodrich (B. P. Cơ.

Goodyear Tyr

451 United Cos Corp,

UB. Smelting

25% US Steel Co. of Canada

3241.M. Minei

30

U.B. Stent 7 P.C. FF

02% Warner Bros.

Waukesha Motors...

Westinghouse Air Braka

Weatingtrous Electric Western Union Tal. Co. Winn-Dixle Stores...

Woolworth (K. W.)

Zen Radio

Exchange Rates

Loca

Businem war, dupe in the

agubane market this morning, as the following rates Starling notes (per #1: *** Australian noter" (per 1) Indonesian rupiah (par" 100j Slam Lions (per 100)

EASTERN & AUSTRALIAN 5.5. CO., LTD.

"KARMALA" loads at MAY

salle 32nd May for Bydney & Melbourne DIRECT

"NELLORE" Ibada 21ef May

sie 2nd May for Labuan, Sandakan, Brisbane, Kydney, Blai- bourne and Adalaida

All vesooja hava Marty is važi pt any ports am ar off the route & the route à callinge are sadjeci to change or amenduami wiik' or witbent malies.

For tuli particulars apply to:

MACKINNON MACKENZIE & CO. OF HAND KOGO LED. Telephone Nos: 97721 4.