1959-06-12 — Page 9

+

Page

London Continues

Recovery

London, June 11.

The stock market continued its recovery today paced

by industrials.

Glit-edged

Ecurities

further headway

1/18 to better.

1404

closing from

Ilustrato scored Vide

spread advancos, although some Josues fulled to hold all their curly gains. American 2334 International favourites mich an British Oxygen 'Dorux,

A.P.

Cement and Howater were the

* THE CHINA MAIL,

FRIDAY, JUNE 12, 1959.

WEEKLY · REPORT ON THE HONGKONG STOCK EXCHANGE

SHARES DOWN SLIGHTLY

VOLUME OF BUSINESS DECREASES

By A SPECIAL CORRESPONDENT

featuris. Store and brewery As the volume of business on the Hong-

ahores also improved.

Greck bonds were higher in

the foreign bond market,

Tuse in 10-

the Wall Street

Dollar spons rally,

stock.

to

kong Stock Exchange decreased so shares were marked down fractionally, this week.

People are holding off to will

Gold shacks Bolche mixed, see how far shares

Coppers were in.

Oils lost their early gains. UPI.

Closing Prices

13:24 11

Gledged Honda

Bankport 1970/CA --

Curimile 21 MONG Le Cumul SATA,

Jan 3M

| drop.

Bowever, the market is like 15·

quiet for the tan to remaln bring, after climbing continu- Carly the last two months, and buyers are expected to wait for shares to handen at lower levris Before they take them up.

Fanung 17:00 3. 1959-00 (ricity companies was the cmuse

Finding

C712

£ 99-11/16

Stock 3, 13029/200-8--

INGA, D-

Savines 3% 1999/15--£9AM.

10/70 41 Savings. 1520 - 76-3/10,"

Banka

Barclay'a Bank "A" Ltd

Ch.

Chartered Bank Ja Stompka - £ 50%

Josier

Unikun Insurance Canton -- 14%. Alteraft and Motori Tiritini Maton Corp. Gad. 139 34. Furd Mol. Co-661 4.

Breweries

stillera Co -20% 4‡şd

Buliding and Materials Associated Purilaiul CertGils. Tunelaja Juhrain Asbelates On --72 45

Cual, Steel and Engfurering Este Witeux Id 4. Vickers Lt 31 14.

Food and Tebarco

British Auskrican Tab. 1'. Et: $21 Mi.

Iki.

Imperial Tobago Po., Ltd--50s

MiarellaneoNAL

Bestials Oxygen Ltd.

114.

Canadian Purine Rix -- $507. Dunlop Rubber Co

Hongkong▲ China GiaA-JAK.

Imperial Chemical - 37

Lynn & Coils

lever Ltd -128 1

Paper Howater Paper Corp Dol-554 DE

Radio and retricni -AMDUTAJANI Firetrien1 34 9

Eretical & blusical --534 21. English Electric Cards 112 General Electric-8%; the.

Riipping

Indo-China Steam Nas. Cu. def

OK steam Navigation def ard

-327.

Alorra

Great Univered Stora "A"-- 135

10.

Woolworth

1.04 30

Stork Costa d

Textiles

Courtaulds Lid 1.

Yesterday's announcement of the appointinent of the commis- ph to investigate the two viec- ut, falls in both Birhla and Electricn The former fell eents in the week to cluse at $17.00 white the latter fell 20 cents on a closing sale of $27.30.

Seven Gains

Banks were maintaining their level with their London Registers holding at an even £50

Of the seven gains this week only two were on actual sales.

They were Hotels and Cements. After their severe setback of $1.50 last week, Hoteja climbed back to $26.90 Before gradually. Jalling buck to close at $20.50 yesterday.

Cements elitated back to $31 This week which is an inercase of 25 cents on the week,

Allied Investors declared an uchungent dividend of 25 cents this year.

|

HONGKONG

STOCK EXCHANGE

by

Our Own Corresponde

Business done on the long- kong Stock Exchange this morn- int amounted to approximately sei2,008. Noon quotations and the morning's transactions:

Share

HANKS

Kalen

Buyers Settera

HK Bank 057! 800--130 0521,

INSURANCES UKIGA

Lanter SHIPPING Waterbuat Whenick

--

3412

23.20

DoCKS, ETC.

ه به رام

K. Wharf, BU

Dusk ... 42!+

Provident 19 1

Tallinn...

LAS, ETC.

انا الله

ม

1400 10

*2

5.85

700 N

Patel 26.00 2.60 IX Land

20 331

£1

265 m

24 14

Honey Strully

RUDLER Anale....

Turnover for the week was rust down to $3.57 million compared with $5.72 mlion last week,

Market Diary

NK Bank

Lombard

Union

#K Whorf

Talkoo Dacks

90

27.00

20

ZL

U.S. INVESTMENT

QUOTATIONS

The

following are · United States investment quotations in American delers. The buyer's quotutions include commisión:

Mutual Funds

Arketed Fund Am lua Etra Atom Dov Mus Axe Bout 15

Briler Buyer

7.05

4.21 45

* The Share Market At A Glance

0.06 0,10

630

9.01

Bullock" Fund

14,000

· Canada Gen Fü

10.71

Ug or

Dividend

Canadian d

14.29 10.87

May 14

8821

May 21 865

Mar 28 860

June 4

800

June II 853

Down

& Bonun

Yield (%)

Canadian Int Growth

10.23

-33

548

5.6

Chemlest Fund

11.23

Camwith Stock

18.70

ALD

2914bxd

30.

394b

+500

$2

5.6

Div.dead XH

3.13

24x

72

7Ja

7034b

-92.50

$3.00

4.8

Dreyfus Fund

14.20

Wheelock

G

5.05

8.90

6.85

6.80

700

12.0

Exton & Stack

Bluetonte Joy

BOLL

0114

Dib

9151

+500

$8

A.TE

Pound Mut Wind

голо

HK Docks

43

404

4535

4336

43im

$5

11.6

amii ya 107

3431

36

33x1

2816

33,

-500

33.80

8.5

In 11 Frend

14,04

Jestil Growth

Provident

.11.70

11.70m

11,80

11.99

11.00m

200

$1.10

9.4

Ina, Incre

092

HK Intels

20.90

- 27.80

20.30

20.50

+200

$2.10

0.4

Invert Tr Boston

1150

UK Lands

33

33

30%

2314

83%

steady

32.40

7.25

Keviting Cut D2

22.43

Roystone Canada

BK Really

1.425

1.625

1.625

1.00

1.603

Klcady

15c

2.4

MUST Tr

13 PC

HK Teams

28.50

28.50

28.00

28

28

steady

$2

7.2

Mans Growth_

14.07

Biar Ferry

114

110

1156

117

110

$1

SO

7.7

No Be Ser Gath

Rudder St & C

4021

Yaumatis

106

100

100b

108

100

steady

$B

7.6

Telev

"F! FO

Ch Light

18.20

18

18.20

17.90

17.00

306

31.10

0.25

Value Line Fund

7000

Electrica

27.80

27.70

27.80

27.50

27.30

2De

$1,00

7

V.I.P.

110

12.74

HK Telephone

28.30

26

26.80

26,30

Winter Fund

14.43 16.70

20.30

steady

$1.75

G.T

G. I. Coment

20.90

3244

324

304

31

+250

$3,25

10,5

Dairy Farm

16.40

16,50

15.30

16.20

16.10.

-100

$1.525

9,5

A... Watson

15.30

14.600

14.80€

11.80%

14.30b

-300

$1

7.1

Rates

Lane CraFord

17.30

17.80

17.801

27.70

17.90%

+200

$1.50

8.4

5.901

6.60b

5.88

5.850

5.90%

+50

050

4.40

4.36

4.40%

4.30

4.375%

+74€

250

5.76

11.105

11.80

12.80m

12.7cm

12.60b

-150

10c

0.3

4:80 8.20

6,10 8.70

5.05

3.05

8.65

9.10

4,975 B

-734c

marting at the following miR- V.3. dollara 491 $1) Sarone Sterline net (per 20......

Goe

12.

Australian noted iper £1)

12 01

80c

8.9

Int'l Invrsiment Allied

HK & FE lov

Texille Corp Nanyang

-100

THE TALLY: Last weok, 4 higher, 7 steady, 15 lower. This wook, 7 higher, 5 steady, 14 lower.

STOCKS IRREGULAR

ON WALL

STREET

New York, June 11.

Exchange

Buscoin was deile "io-the local undheit t

anarkei

3.74 10.00

| Ind-vestra ruptch four 100)

Slam Beats per 100) Singapore Siralte)

SEOUL-TOKYO TRADE SEVERED

The

Beaul, June 11. Repubile of Korea Vico. Forelon Minister Kim Dong Jo, today told a prese confor- ence here that the Bodul Goy- ernment had decided to sover all trade relations with Japan.

Ambasador in Tokyo, Mr Yiu Tal Ha, had acted under gov. arnment orders when aartlar today the South Korean mis- alon In Tokyo announced it was immediately stopping the

Stocks turned irregular today when steel wage contract negotiations Mr Kim said the South Korean

recessed indefinitely.

Earlier in the session when i Allied Chemicals

appeared as if there might be a plun for the steel makers and sea the union to get together, steel

shares had fed

the market higher.

Best prices were attained t

1 p.m. when the Dow-Jones in- dustrini average showed a gain of more than four points and 20.30 rails were up about 11⁄2 points. These averages were 33 Both

closing. before hacker dowr And the decline as well as the rise that preceded it came en

Du Pont

2.30

2.30 '2.324 ww2.425 light volume.

6000 74 2.30

2.325 £9000 1 30003

4.20 2.33 1921 22

2540.) 1500 4

+

23/1

A. Taxol: 3.10

Here is a market diary of the | G. Light werk:

Friday:

Monday:

Mines

Anglo-American

Corp of South

Tuesday:

Africa-1034 144.

Cons Goldfields of South Africa--

Taz itu.

Cons Zinc Com. Ord-63

De Beers def-155

Free Glotz Develupanent & Invest-

sen-118 10.

Hungkung iin-49 01.

UTHITES

Tram Younti

28 28.20 105

ม.10 1:00 14

17.0 17.70

500

Elezing..

21.10 27.30 BU

1000

1500

23.40

114

1503

Partial recovery in Tephone 20.30 2014 Cennis and

Hotel und

the

rest of market was steady.

$905,000.

TO:

No changes of im- portance to report. T/O: $677,006, Market

Crment

لا بود خواسته اند

Du Pont which had been up live points at Its high closed ni Allied Chemical $243 up one.

had a small loss. Aluminiums, 17.60trong favourites recently, wore 2.งา hi! by

that proft-taking 27.40 brought Aleon down 24 points. 280 General Foods lost more than a 21.43 point as did Texaco and Johns-

Manville fell a point.

Allied Ms Inc.

Allis Chalmers

Am Brake Shoe

1131

Povo National Gas

32%

42

Family Finance Corp.

3t

1

Firestone Tyre & Rübber

140

591 | Firet Nat. City Bank ....

Ta

20% Furd Motor Co of Cana

Am. Cable & Radio Corp. American Cynnamid Co

10%

Ford Motor

15

Georgia Pacife

14

General Dynamtes

4014

American Airline

Am. A Furka, Power Am.. Gas & Electric Am. Home Prod. Am. Atach. Pr American Metal Am. Natural Gas American Smelling Am. Sugar Ref. American Tel & Tel American Tob. "I" Anac.ndo Copper Armen Steel Armour

Allas Cora. Mining Rukin-1ma-Elmers, Hultmore & Ohio Bank of Montreal

Beneficial Finance Bendix Aviation Corp. tenguet Cons,

· Hethielde· Kleel

Being Airplane

Borden (The) Co. Burrouglia Add Machine British Amer. Oll Calit. Packing Corp. Cana. Bk. of Comm.

Campbell Soup Co. Canadian Pacie R.

Celanese Corp.

Westinghouse Electric 1 points. C.LT. Financial Corp.

General Fleetne

General Fooda

1012 General Motors

2012 Gen. Pub. UH,

38

441, 31

Gen Tyre & Rubber Getty OR

791

Gidden Co.

Goodmel (B.F.) Co.

917 | Goodyear Tyre

09

Imperial Qu

Ingerell-Itamd

Inland Steel Co.

Interchemical Corp.

Int'l Business Machines Int'l Harvester ............. International Nicket

Enternational Paper

Jatu

Issue of commercial certificates to Japan tradere. The measures taken by the South Korean Government follow the reported agreement in Geneva between the North Korean and Japaness · Red Cross over the rapatriation of Koreano from Japan to North Korea. Japaneer Importa from South -Korea lart year totalled

US$11 million against nese exporta totailing million.Reuter,

P.O DI EA

COMPANIES

PASSENGER/FREIGHT SERVICE

PENINSULAR & ORIENTAL S.N. CO. ·

DUE ILK,

Jst Junc

21st Juno 3rd July

"PINJARBA” "CANTON" "SOUDAN"

Germinar Álveraft

7416

Gulf Ou

24;

faintnond Organ

1400

Heyden Newport Corp.

15

Honelake Mining Co.

Busmand Refrig

$19

Idaho Power

2415

$315

405

20

791

37

20

Int'l Tel. de Tek

OUTWARDS

0173

John,Manville Co.

134.

Fatser Industry

"SURAT"

4823

Komas C. Power & Light

2004

Kennecptt Copper

2241

Kimberly Chaik

107ggett Meyers Tob. Co.

37

Liston Ind.

LEAVES U.K.

Salted 12/3

Salled 19/5

Sailed V Sailed 30/0

0th July

614 Tulip

"SOMALI"

elb

Lockheed Aircraft

Loews Incorp

5455

Lone Star Cement Co.

"CORFU" “SALSETTE"

June 011

20th June

21st June

10 July

27th July

3rd Aug.

375

Lowenstein & Soni

46

00%

HOMEWARDS

LEAVES ILK.

DUE LONDON

621%

30

5 p.m. 6th July

fith

Aux

44

Bo

241

53

601

314

Montgomery Ward

404

Dominion Slures

702

Motorola Inc.

Douglo Aircraft

B1

National Discrit Co.

511.

Dow Chemicala

National Coats Rog. "A"

012

$ 354

Dupont de Nemours

242

National Dairy Prod.

Faktorn Airline

STRA

National Leat

379

Eastman: Kudak

0731

National Steel Corp.

New York Central

Notanda Mine

d

Norfolk & Wertern By.

North Amer. Aviation.

North-west Airlines Con.)

Today's volume, was 3,120,000

shares.

Of a total 1,207 issues traded, 500 were higher and 403 lower. Exchange volume American was 1,180,000 shares.

|

Chase Manhet, Bank

chryster Motors

Cluett Peabody

39.48

26.40 20.42

tional Paper gained 24

Case (J. 1.) Co. InternaCat. Tractor

and

INDUSTRJALA

600 w

31

STORES, ETC.

Dairy

16 16.30 Walman 1430 14

Lorus Chew.

17.50

CUNTONS

5.95

1034.018

50044

Nanyou.

0.20

MISCELLANEOUS Patert 20 Vibro

000

13

340

4.075

drifts | Textiles 1. 49247

through a feature- less session. T/O: $839,000.

Jew counters eased

Wednesday: A

Cons Id-231

Peisling T-5 1044

Hand-l

.Bouthern

7t

Kinta

Union Corp 03 31.

Driefontein Cellaining--

Wet

131% 0.

"West Band Comm-zon 10kl.

Belist

011

-

Hornen Petroleum. Byndis Thursilay:

celetrole: m Co, Lid -Chi-

13111kh

Burnah-in Dd.

Royal Dutch Petroleum-R 16%%

Buell Tranport, & Trading-15.

-Reuter.

Bank uncl

while INVESTMENTS Unions

were chquired at lower levels. Tai- kow uncl Lights receded T/O: $280,000.

Prices generally were inelined

to

drift fractionally

in lower

un apathelle market, T/O: $800,000,

PASSPORT TO SECURITY

LOMBARD

BANKING BABY US

BANK DEPOSTIB WITH LOMBARD BANKING cam a lendy 5% interest in pured Security, without deduction of United Kingdom Incorno tax. Aik the Manager of your lacili Branch or write to the Central Manager at Hend(Offico,for your oượy of "Bank Depoolt Account" Booo, AO.74

Open a

BANK

·· DEPOSIT ACCOUNT

with

في

LOMBARD BANKING

LIMITAD BANKERS

LOREAKER MOGÈSE, QURDIN OJUSET

· PARK LAMI, SINCE WE

Associated Bank 1 LOKHAZO BANKIU IFAR KARTI LTD

FINATION HORSE, RAFFLES AWAY SINGAPORE. Eslaphone: 30AN

a Wietsgrios Deshly put Panço Orjakadem

int. Invest. Allis R.K. & F.E.

Jovest... 12.00

Yesterday's Closing

Bonds $0,430,000.

volume amounted

Closing Prices

Ablubi Twr. & Paper Alden Ing. Acy.

Algoma Steel Corp.

to

Colgate-Palmolive Co. Colemblant Carbon Co Commercial Credit cansadsind Edison Continental Oll of Del

rene Co....... Crown Zellerbeck Diamond Alkaji

amond Gard

COMMODITY PRICES

METALS

NEW YORK

Closing prices, all in cents per

1b.:

Ball

July

Ket.

Zihe

Fully

Siga.

·Ciper

COTTON

NEW YORK

All prices in cents per lb.

McDermott J. Ray

McDonnel Aircrafl

Block Exge.) <... Merah Iron Cor Minnesota Mining

Miron Development Monsanto Cheptical

Din Mathieson

QUs Elevalu Owen-1Bpals Glas

Oxford Paper Co. Pactile Cai & Elec.

Pon American Always

Parmint Pictures

Parke, Davka Co.

Penny J. E. Co...... Penn Salt Co.

33.49; Jung 33.20; Mar: 33.10; May: Philip Morris 33; July: 33.

SINGAPORE

Pitney Bower

Procter & Gamble Co. Pittsburgh Plate Glam Publicker Industries Pura Ol

All prices in Straits cents per Radio Corpo

b. t.o.b. Malayan poris;

LONDON

- All prices in pence per lb.:

No. R spol

Seltenient house term:

2724-20

28-284 70-2013

Radio Corp.

Raytheon

loyal Bank of Canada

Sears Hoebuck ✯ Co. Shell Ou Co.

Noteway Storea

Buint lies, Faper

Schenley Inc.

Boot Peper

Sinclair Ou

Bmith, Cline & French

Socany Mobil o

Solar Aiterat... South Merlo leo Sugar Southern Co. (The) Southern-Nalienez-Cosm Southern Railway (Com.) 'Standard Brands

Standard Oil of Cal.

Nu. June

-

All prices in conts per 1b.

No. 1 July

87-9715

Republic

Spot

34.20 nom

No. 2 June

15-16-937

Reinal

Finly

34.73

No. 3 June

11:51

Oct.

KALAN

No. Junn

5856-0314 94-01

11.536

Dee.

Spot rubber unboled

0396-9576

Mor.

Blanket erepe

10:55-5731 May

No. 1 ale repe

00-101

10,556

July

Det

July

30.03b

NEW ORLEANS

Tupt.

50.000

Tin

July

102.50b

Eput

34.30

Bazil

193.50b

July

31.70

July/Bent:

Closing prices, all in sterling per long'ton, unofficial afterndon

Dec.

X2.35

tel./

Mor.

24.03

Mey

22.04

April/June

sc. tion:

Juw

23.10

Buyer Seller

Oct

30.12

July

.Tổn

LIVERPOOL

Sept

Spot

-705'5 723

All prices in pence per lb.

Estate crop thin

July

1715-20

2014-

American Construct

Zlate crane thick

July/Aug.

23.22

July

2014

11.00

Lad in batt

21.00

AMSTERDAM

June

Mar/April

2130

Sept.

May/June

21.50

Zinc et ult

Mixed Contract

Juric

HT

July/Aug.

23.25

Set.

2042 UPL

Dol/Nov.

3-north Copper sput

-meath)

SUGAR

NEW YORK

All prices in cents per ib.: Contract No.) & (world) July: 9.30; Sept! 2.80; Get: 2.88; Jess: 3,11; Mar: 3.00; Atay: 3.07: July: 3.00; Bepl; 3.10; spolu (rok. Cuba): 2.00.

Open internak? 1,242 contracts:

Contract No. 0 (fomestic)

July: 0.07: Sept: 8.88; Nov; 5.08;

Mar 4.00 Spot (p.1.1. N.V. duly): 0.65.

ak.

Oct/Nov.

Dec/Jun

May/June

SAO PAULO

An irlers unquoted.

14

Average price in U.S. at designated spot markete: 34.50 ents. Total sales: 10,429 bales. -UPJ,

RUBBER

.... 23-281 Urneral markets, cf. basis, ports:

28-2016

All prices unquoted-UPI.

FOREIGN EXCHANGE

*NEW YORK · Closing rates; Canada England omelat

واه

1.04-5/32 2.8135

Standard Out of Ind.

Standard Où of X.J.

Sleep Rock Tomato Ego Sterne. Drug Co.

Stokely VanCamp.

Stone & Webater Studebaker-Packard Corp.

Sunaline Mining

jawitt & Co

Texas Co.

Textron Inve

Thiokol ChEM,

Tido Water Aun. 013

Time Inc.

Tri-Cont. Warrants ...

Twentieth Century Fox Wil Union Carbide

Union Oil of Cal.....

Union Pacino Railway

United Aircraft

United Frušk

United Gas Corp.

US. Foi "

Us. Gypsum US, Lína C6. UB. Rubber

US, Smalling

UB. Biedron

USD) 7 P.C. Pr Warner BroR., ............ 2.31-1/16-2.41-3/10 Waukesham Molaze ka

LONDON Closing rates; New York Montreal

Anilerden

Brusela Copenhagen

4

NEW YORK

Rez rubber futures closing Stackhoun

Milan

Zurich

Opa Intare: 4079 contracts-prices, all in cents per ib.:."

July: 33.50; Repl: 33.00; Nav:

UPL

2.10-1/16-2.10-3/18 Westinghouse Air Brake

10.00-10.00 140.40-149,45 JABS||2-29.8915 1144-1458 174001-1745 22.1614–20.32{6

Westinghouse Electrio Western Union Tul. Co. West. Va. Pulp & Papre Winn-Dixie Biores Woolworth (S. W.) Zenith Hadio

"CANTON"

"PINJARIA” ·

"CORFU"

"SOMALI" *

"CARTHAGE" "SUNDA" *

6 p.m. 1814 July 19th Aug

Sp.m. 31st

July

ist Sept. 3 p.m. 180 Aug. 21st Sept.

20th Sept. p.. 28th Avg. p.m. 17th Sept. Alst Oct.

Via porn, Penang, Colombo, Bombay, Aden & Ft. Søld. 4 PINJARRA" proceeds S'pore. Aden, Pt. Bald & Antwerp. London, thence to Itambur, Rotterdam &

SOMALI" and "зUNDA" amit Colombo and Bombay and extend ip Hamburg, Rotterdam & Antwerp.

BRITISH INDIA S.N, CO., LTD.

"HAVILDAE” due 19la Jane from Japan

kaits 10th June

"BANGOLA"

dar 23rd June

for. Bingapore, Penang.

Calcutta

Ex

from Japan 5lla 24th June From S'pore, Penang.

Rangoon & Calcutta

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

Que talt Juno from Japan

"OBRA"

“ORDIA”

"OLINDA"

"ORNA"

Balla 1001 June for

Dombey,

Korophthal, Bahrein,

Baaralı

Kuwalt, Khorramshahr

due 21th June from Japan

saile 28th June for Singapore, Penang,

Jadyna, Cochin, om bay Karachi . due 2014 June from Karachi, Bombay,

Cochin & Bingapore for Japen

mulle 201 Jame dus 16th July

from Karachi, Bombay, Cochin, Tuticorin & Bingapore

sails 19th July for Japan

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

"NANKIN"

Jadde 28th June

salle “28th June for Drabane, Sydney

་

"EASTERN"

duo 2nd July

anita 4th July

Melbourne

from Avetrakto for Labuan, Sandakan. Brisbane, Bydney, Mal. boumo & Adelaida

All vessela bavé libèrly to call at any porta on or off the foulé & the route-m-guilings are kubject to change or amendment with or without notice,

For full perticulars spinly laz MACKINNON. MACKENZIE & CO. OF HONG KONG LTD. Telephone Nos: 27721-4.

бара-

US$50