1959-07-10 — Page 9

China Mail 德臣西報 中國郵報 All

Page

Heavy Buying & Selling

The bullish Hongkong Stock Exchange turned speculative this week and heavy buying and selling sent shares up along a wide front and then down on profit-taking.

HONGKONG STOCK EXCHANGE

Our Own Curlestondent

As a result the majority of shares closed yesterday i on lower ground although the majority of them had gains on the week.

שוויון

The yields of the popular shares hav

Inillay gradually in the past few months and now peuple are starting to look around for stork with bel fer returns, As a result some of the shares, which have been quit for wome time, have be come netive again.

"Godown Shares

Business done on the long- kong Stuck Exchange thin morning amounted to approxi-and Providents, rose with the mately $501,000. Noon quota- tlong and the morning's inne Delions:

Sharry Buyers Beltra Kas

BANKS 100 Park

Fast Anja

İNSURANCES

Unha

Lo.bard.

SIRPPING

Wheelock 42

DOCKS. ETo

K. Whor!

Dock

Talkon....

0943 D

120

10 A 20 107

DOR

340

..

2013 79

31

1:50 260

$12.0

#2

M.MKI 1063

J

107

al

12 12

31

STA

LAND, EI

Hotel 27.03

21

2500

27 K

1 Land

307

$100

109.2

Realty

169

AKKO 11030

RUBBER

***

Buimphreys 18 18 1629

Sonkata

1.4195

נאלצ

(4K)

1.39

2.03

Amaik.

Tit

UTILITIES

3rom ...G 20171

Star Ferry 117 12)

Yauntati..

C. Light..

173 17

Eicetrio 27 83 27:00

13

1:2

נינאן

ין

400

**

نا الان

1.00

ود آمد و

Hoth godown shares, Wharves dematul for serij although there was no nee to warrant uds sudden demand. Wharven rose to $108 during the week before profil-taking vul $2 off the share, Providents climbed to $13 bolure fatling back to $12.70 yesterday. Although both shares are vaclding over 1.5 per cent, it is likely fuccording to some Tee observers) that Ifoury Street bols companies will be able in their respeelive

valends this year.

On Market

Turnover for the week was up to 98.45 million compared

$0.04 million tast week.

Talkoo Docks

IFK Hotels

¿ THE CHINA MAIL,

FRIDAY, JULY 10, 1859.

* The Share Market At A Glance

Up or

June 11

June 18

HK Bank.

Lombard

BOS

30146

890

June 20 July 2

893

July 9

Down

.Dividend 4 Волов

+310

ne

Yield (%)

3.1

916

3445

35b

SBLAD

+200

52

6.7

Unton Wheelock HK Wharf

705b

71340

71

72

70

+36

33.40

5.80

5.30

8.08

G

631

+250

150

12

91

92b

102

100

军情

$8

7.8

IK Docks

Pravident

43m

4434

45%

441/

433/

500

35

11.2

338

22

32

32

3114

-BOO

$2.60

8.0

11.00

11.00m

12

12,40

12.70

+30p

$1.10

8.05

20.00

22.30

27.30

28

28

steady

$2.50

9

II Lands

1344

2314

83

3154

35

+$1,50

$2.50

6.83

HX Realty

1,600

1.55

1.575

1.00

1.00

steady

150

9.4

HIK Trams

28

28.20

28.00

28.20

28.00

+100

$2

T

Star Ferry

110

Itzb

110

118

117b

-~$2

7.7

100

100

103

114

112

-$2

7.15

17.00

18

17.60

17.70

17.00

+-200

$1.10

0.15

27.80

27,30

27.70

27.00

27.90

+306

$1.00

6.6

20.80

20.00

20.00

26.70

27.10

+400

$1.75

0.45

21

33

3015

344

340/

sícady

$3.25

0,5

14.10

10.30

16.30

10.00

.10.10

>

+200

$1.523

0.4

14.80b

14b

14b

14.70

14.80x

+-100

#1

G.B

17.90%

17.00

18.70

18.40

19.500

+100

$1.50

8.1

6.00%

5.90%

5.00

0

6.20

+200

€50

10.6

4.375

4.80n

12.60b

12.006

4.350 11.30xr n

4.854

4.40%

жве

250

3.7

11.40

11.deb

+200

600

4.8

Textile Corp

Monday:

Nanyang

4.075 0

5.05

8.95xd

B.85 B

1,3

0.45

500

650

10.1

10.30

10.50

+200

100

0.05

THE TALLY: Last week, 16 highor, 2 stondy, 8

lower. This week, 19‘highar, 3 stoady, 4 lower.

THIS WEEK

ON THE HK STOCK

EXCHANGE

by A Special Correspondent

interest may be in sympathy with the present popularity of insurance shares in London.

Ferries and Yaumaths reagted to profit-taking this work, both dropping $2.

htt the Profit-taking niso textiles shares, which were in big demand this week. Nanyangs, which renched an all-

Interest this week was contredith high of $11,40 during th un Lands, which rose steadily trem $33.50 to close at $35 under This brought its best parviste, werk yield of 72 per cent down to 4.86 per cent yesterday. New Interest

week, fell back to $10.50 yes- seiling, terday under itavy while Textilen (einend at $6,45, vegents lower in their werk's nigh.

Banks were still belty: sight and they rose to $950 before iering $5 at the end of the week.

Pewawed interest in Unions which have been slack for some stors how pushed this share up

to its 1959-high

15

17 14

1.01

27.90

200 27 B

27.50 2794

Marae E..

XD .... Telephone

227 10 250 ...

BOU B

27

INDUSTRIALS Cement..

30%

34 201

1020 10(N)

143) 24.10

32

..

11.4062

260-

-

of

$79.

US INVESTMENT

QUOTATIONS

Mutual Funds

Th

The following

are

[

| States Investments

United quotations

$0.0

STORES, ETC.

Dalry

Walsut

Lane, Crau. 20.40 0

COTTONS

Textiles

Nanyang 10.83 10m

INVESTMENTS

int..

Aited....

K. & F.E.

你那

Invest. X I.

Bunus 11

માર

Exchange Rates

4.40

In American dollars. The bug

er quotations Include CUR- misshu:

3.42

Market Diary

Here is a market dlory of the week: Friday: Bullish market.

Interest centrod chießy on Lands, Hotels, Utilities, Wheelocks and col-· tun mills. At the close the markot

Tuesday:

Wednesday:

Thursday:

pred io strengthen with buyers in evidence. TVD: $1,089,000, Telephones

Wheelocks in de mand in firm market, T/O: $2,004,000,

Union Insurance well supported ric- ing to $70.50, while utilities, Wharves, Lands and Cementa another Ka ve buoyant per- formatice. T/O: $1,700,000 Marke! ruled firm and rates changed while very little Nanyangs ensed off slightly on profit- Laking. T/O: $1,109,000. Little Importance $1,557,000.

change

Yeumatis

Ch Light Electrics IK_Telephone G. I. Coment Dairy Farm

A. B. Watson Lane Crawford In't Investment Allied

HK & FE Inv

STOCKS FALL IN MIXED

New York, July 9. Stocks turned lower in

active trading in late dealings today.

The market was mixed

of most of the day but ran TO: into renewed pressure be

LONDON CONTINUES

TO MAKE

STEADY PROGRESS

London, July 9,

Stock markets today continued to make steady pro- gress as a result of persistent selective buying which in a number of cases was stimulated by takeover talk.

Conversions LOBIN

31 Industrial equittes cuistanding feature was a further rise of 15 07

J

J.. shillings to 00s 94 in Kreasley | K20480

Funding Stock 25%. Newspigiers,

£7-15/16

Loan 4. Pandiong

in intors, Atvis was the sub-

jeet of lakeover talk atte

3s 64 to 12s Ud,

rose

co

Steel shares were agan siers- tively favoured and John Sun

met rose is to 338 1014.

Stores were mixed with Iar- froi and 11on-e of Frazer foskog ground, Gilt-edged and a quteti

day but closed Br

There was Bile movement m foreign botids.

Albated Pand

7.71

4.35

Am Du N

420

1430. 3000 » 2050

Atoni Dev Mut...

5.71

1.23

4000 I

1011 10/

Axe Dey Mat

80

00.31

Budinck Fund

34.13

25.40

Canada Gam

15.05

16.27

*ompeian Fund

199.34

4dian Int. Growth

19

14 16

Cheral Fund

10.54

12.39

Comwith Stockt

145.00)

17.29

Cleidend Sh

3.12

Try Fun Fun

14.87

10.10

Eat & Stock

26 31

Bhelentes lov

74

JL.78

Punt Me! Ford

140 $2

11.05

Hamu H-7

325

5.74

Tast Found

11.70

ባይ

Insta Gowth

11.94

3

In Inetttr

1.93

7.5%

Invest Tr Boston

Erystone Cast

22.41

34 45

Busine waɛ dere i antetol

tozal excloure Market this

Th

Keystone Canadi

14 C

Mass In

morning at the following rates:

Tr.......

14.12

34.41

15.50

U.. daltarn per $15

5.73

Nat Sec ser Growth

163

Sterling, noto per £11

15.07

Sevutiler-St & CE

40.64

Australiou notes (per 41

12.58

Telev d

16.30

171

Indonenjam rujdab iper 100,

4.40

Valleine Feind

7.30

120

2071.

Slam Heale tjer bour

74.32

V. L. P.

31.90

13.0

Singapore (Sienki

Wellington Fr

14.55

15.00

ti farm thת

135

Gold shares met selective buy-

Coppers and tins tended to

ep us were irregular.

Rubbers held steady,--UPI.

Closing Prices

iftedged Bonds

British Transport * 1938

Denis 2. -- 0521

L-671-3/10.

Yesterday's Closing

COMMODITY PRICES

METALS

SUGAR

NEW YORK

Closing

No. 1 spot

281-2831

settlement Jinuse term:

helte

2876-3041

Jan./March

2015-20%

April/June

2045-30%

Ju/Ang

212-283

Oct/Dre

28-2011

General marketi, dif. basis, peris:

July

Aur

Estate erepe

The July

thick July

דה-ויט

209-291

NEW YORK Closing prices, all in

cents

30% 307

per b

Lend

July

Sept.

11 1456

Zind Fully

10.60

Sept.

11.000

27.15h

27.400

112,001

102.000

per ib.:

prices all in eent

Contract No. 4 (world)

2.7; Jan: 2.80; Sept: 2.09; Out! Mars: 2.67 May: 2.00, Juy 294; Sept: 2.07 Oct 2.El Spot-tro..

Tola!

Cuba) : 313 contracts,

Open Interst; 7,638 contracts.

Contract No. G (domestlo)

Sept: .M: Nov: 5.01; March: 8.54, Spot-1C.LI. N.Y. ex-duty);

n. Ja.

Tota? Saire: 100-rentrants," Open interest 323) eontract- UPL...

AMSTERDAM

Closing prices all in guliders

per kilogram, elf. duty,

No. 1 ribber

No. 3 rubberT

No,

crep

RUBBER

No. 2 rubber

Capper July

Seul.

-UPI. Closing prices, all in sterling

COTTON

NEW YORK

3-4mooth

1049--

1038/69-

1999/200+---

--3000/-~~

Quynh giải 1955/652905 10 xã. Savings 3 1900/70-1023 Savior a 1065 25-£70.1/10 xd.

Banks

Barclay's Bank "A" Ltd ord-57 Chartered Bank-50% 30.

ngkong-£74%.

Insurance

U le £4-3/32.

Insurance

Alrcraft and Motor British

Corp. Motor Ford Motor Co-04 3.

1d.

02

TRADING IN NY

Dow-Jones closing

Were

20 ra

fure the close which brought 30 Industrials individual loses of more than two points in the main list.

The market's action today was directly opposite that of the previous three sessions when stocks railled before the close. A few specialties countered the irend with sharp gains,

15 uliities 63 stucks 40- bonds

Comm. future price indux

AVCTURES General Foods

Closing Prices

Allfibi Ewr. & Paper Alden Inc. Acy, Allied Chemicals Allied Ms Ine.

International Salt was a prime | Ali Chalmers example, rising more than eight Am. Brake Shoe

at is high. Ford was pointy strong in the motors and Fire- stone was the upside feature in the tyres.

American Airline American Cable & Radio Corp, American Cyanoald Cu

Lato Sell-off

Amer. & Forgn, Power

Am. Gas & Electri Am. Home Prod.

A. Mach. & Fdry

American Metal Am. Natural Che American Spielting the Am. Sagar Ref....

The lale sell-off left market lower ou balance with meinis, motors, electronics, drugs, and oils all leading the downside.

American Home Products was

ng a

American Tel & Tai

American Tob, “B” Anaconda Copper Armed Bleet Ammour

Alan Cons. Mining

Baldwin-Lina-iin,

Bank of Montreal

a bit lower in the drugs along Baltimore & Ohio with Bristol Myers. Motors Feneficial Finance

group with Bendix Aviation Corp. were caster

around a Josses running to point

in Chrysler, The steels were lower with Youngstown! and Republie the big losers in this group.

Calif. Packing Corp, Carta. Uk, of Corani. Cana. Brewers

Celanese Corp.

Miami Copper stood out in

-non-ferrous lower generally

pí metals group with a min Contos-around two at its high. Eler- tronies had lusses running to a

and C.IT Financial Corp. in Zenith point or more Texas Instruments. Olie were Chrysler Motery

Co. Colgate-Palmolive mixed with price changes limit-Cluett Peabody

Colombian Carbon Co ex to small tractions for

Consolidated Edino must part.

Continental Oll of Del. Crane Co.

Ord-141

Breweries

Distillery Co---27-4 $154.

Building and Bisterials

Portland Coment-071

Associated

the

Ralls, which hath been hi de-

Pinchin Johnson Assvelates Ord-mand, came in for some selling

Coal Steel and Engineering

Babcock & Wilcox AB-46 1. Vickets Ltd-je 105.

Food and Tobacco Hrilish American Tour. Co., Ltd-- 63 3d.

Imperial Tobacco

20

Co., LAG-S0n

Minetianos British Oxygen Lt1. Ord-Go Du. Canadian Pacle y-$54, Dunlop Dubber Cu-22 d. Hongkong China Gay-1. Imperial Chemical-74. & Co-729 11,0.

Unilever Lid-01 728.

L'apor

Bowater Paper Corp Ord-52s 7:5d.

Iadio and Mectrical

Associated call.

Electrical

English Electric Co-43 4. General Electries ad.

shipping

.

Indo-China Elem Nav. Ca. det Brett,

P&O Steam Navigation def ord -56 1010

Stores

Great Universal Stores "A"$$$$ 100.

4d Woolwerth P. W. & Co-52. Texules Cats I Lad27 41. Courtauld - Tigd.

Corp of South Cons Gallus of South Africa- 75% 3.

Marks & Spencer Ltd

. Minca

Bisel.

Cons Zine Corp, Ord~59.

De Beers def-1004 30. Free State Development & Investe ment-ils 3d.

[1694 #I__

Rang-79 d.

Southern Cinta COLI Lid-25x 71gel.

West Driefontein Goldmining--

West Rand Cony-246 3d.

General Motors

Gen, Pub. Vlll.

Gen Tyre & Rubber

172.00den Co.

Reyden Newport Corp

Sunshine Mining awift & Co.

exol Co.

Textron e.

Thokol Chein.

Tide Water As, O

Tune bie. .........

T-Cent. Warrant

234 Twentieth Century Fox Fum

st0nion Carbide

Union Off of Cal.,

43 | Union Pacific Railway

United Aircraft

United Fruk

18. Fall ""

US Cypru

30.8. Ling Co.

$7

709

503.00 delty úti....

88.00 Goodrich (D. F.) Co. 22.07 Goodyear Tyre

192%

1514

83.00 Grumman Aircraft

10.17

Gulf on

2

Homeslake Mining Co.

Huseman. Retrig.

Z

Idaho Power

48

Imperial (1)

$236 United Gas Corp

#30

Ingersoll-Rand

150

34

Inland Steel Co.

82

110

Interphonical Corp.

43

Int Business Machinos

454 | VA, Rubber

33

Inti larvester

50

24

20

132

10

604|| John-Mauvtile Co

45

14

Kaiser Industry

10

90%

Карада С. Power Lig

161

Kennecolt Copper

10312

Kimberly Clark .....

19014

1996 | Lagrett Meyers Tob. Co.

D

G3 | Lily Tallp

50

445%

Latton Ind.

117

20

201

203%

1405

toternational Nickel

international Poper

Int's Tal & Tel"

3116Lockheed Aircraft

B Loews Incom

9915 Lone Blar Cement Co. G21 Lowenstetți dạ Sons

7765 | Mellonașii Alevesti

2014 Minnesota Mining 121⁄2 Mission Developinent 17 Moruanto Chemical 4Montgomery Ward Bagh National Diegult, Co.

27 National Chah. Reg. "A" 79% || National Detry Prod National Lead ...... Nakinezi Steel Corp. New York Central Newanda Mines Ltd. O Mathieson

Oils Elevators.... Owen-Binola Glass Pucille Gar & Elec.

U.B. Breiting

PT US Steel.

US Steel 7 PC. PF

3811|| Warner Bros.....

Benguet Coba Bethlehem Stosi

BİL

Boeing Arulang Borden (The) Co. Baronga Add Machine British Auter. Oil.

na

301

30

Alte

834

बझ

Campbell Soup Co.

4814

Pan Amerlenn Airways Paramount Pictures

Canadian Pacific It

3019 Parke Davis Co.

Case (J. Li Co.

232

Penn, Bali Ca

Cal. Tractor

1

1011

Phillip Morris

ney Bowes ****

4445

104

52 Pinburgh Plate Clas

R2

Publicker Industries

1035

404%

42

30

Radio Corporation

0132

Republic stat

5542

Steel

7774

49-1

Reynolds Metal ...

100

0172

Royal Bank of Canada

80

101

Seurs, Roebuck & Co.

031)

Shel! Q Co.

BOLL

Bateway Stores

32

721

Saint Reg. Paper

DIG

45%

Schenley Inc.

4015

01

Scott Paper

8013

sinclair Oil

50%

4432

22

30

South Puerta Mizo Sugar

Saulbern Gu.. (Tha)

Southern Rollway (Con

Crown Zellerbach Cuban Amer. Suster which brought a number of Diamond Alkall small fractional losses into group.

this Diamond Card

Today's volume was 3,500,000 shared.

Dominion Stores Douglas Aircraft Dow Chemicals Dupont de Nemours Enajern Airline Eastman Kodak

El Poco National Gas Yenily Finance Corp. Firestone Tyre & Rubber Fari Motor

Of a total 1,240 shares traded, 442 were higher arts 574 lower. American Exchange volume was 1,170.000 shares.

Bonds volume umounted to Georgia Pacifie

General Dynemies $6,000,000.

General Electric

53

Raytheon

40 Smith, Cine & French

Socony Mulaki Oil

Solar Aircraft...

1481

44% Standard Brands

Htandard Oll of Cal.

BA

JAPANESE TRANSISTORS

HIT AUSTRALIANS

Melbourne, July 9.

The Australian radio industry had lost more than 1,000,000 man-hours a year because of the import of Japanese transistor radios, Transport Minister and Chairman and Managing Director of Electronic Industries, Ltd, and today,

Sir Arthur cuid It took 24 man-hours to make a portablu radio in Australia.

Japanese sets were now being imported at a rate of 50,000 à

year,

EMPLOYMENT

Chicago Grain Market

Tr July

2.77 Jom.

2.73 tuin,

2.7:1

LONDON

2. num.

per long ton,

-Buyers-Beilern.

Tin

Spot

791

702

191

192

Copper

Unlon Carp-dos 74d.

Spol

243.

2175

3 menti

=13%

214

135, 44.

Load 1st lini? July

3022

Qci.

TO

70%

Zine ist hall 3v

7R

Oct.

7015

78% cate 50.

than

-UPI.

British

Spat

Dd.

Burma-035.

1,000,000 man-hours a year.

Etosal

cl

Petroleum-

Snell Transport

cents

¿ Trading-1359 more

been stid.

"In other words, at least 500 Australians could have Arthur employed," Sir

Low

Cicsa

1825 187-10015

194-5

100

Dec.

March

Mas

1842

Corn No. 2, yellow

дрог

July

Bepi.

Doc.

March

Closing prices all in cents' por This meant that employment bushel; in the Australian Industry had | Whest No. 2, red

reduced by more Petroleum Co., Ltd--30been

711% Bit Borneo Petroleum Byndi

Rex

NEW YORK

in cunts Closing prices all

per lb.

Spot: 35.40: July 34.00; Oct: 32.15; Dee: 33.20; Maren: 32.58: May: 22.721

rubber futures closing | July: zai: Oct: 30.45; Dee: 30.43.

NEW ORLEANS Closing prices, ali in

prices nit in cents per lb.:

July

34.10

Sept,

34.57

Nov.

34.00

Jan,

per ib.

Mar

33.90

May

July

33.31

BINGAPORE

- Closing prices all in Straits cents per lb. fo.b. Malayan ports:

No. July Aug.

No. July No. 3 July

2011-97

034 07

DST-007

Spot: 33.25: July 34.78: Get: 3220; Dec: 32.27* March: 32.50; May: 32.72; July: 3231 Oel: 30.43; Deb: 30.42.

LIVERPOOL Closing prices all in per lb:

FOREIGN EXCHANGE

NEW YORK

Closing rates:

penco

Canola,

2,04%

14-20/32.

B.-Neuter.

Cotton Meeting

Bir Arthur said it was linja- sible for Australian industry lo moet payroll tax, workers'· com» Washington, July 9.

pensation and Australian" rotos Twelve colton exporting of pay

Mas with and compete countrica declared here at the Japanese working conditions. tnd of a two-day conference yesterday that the world cation Japanese translator portables market hnd grown more stable. I could bo landed and sold at In a communiqué Iwued after least 20 per cent more cheaply 2,81 3/10-3.81 8/10 ite meeling the group said it

than Ausrallah sets. I had met under the chairmanship

gland uficial All others unshanged.

LONDON

Closing rates; New York Montresi Amsterdam,

American Contract July/Aug: 27.45; Opt/Nov: 21.35; Decan: $125; March/April: 21.38: | May/Justaj-2150; JulyṛAuri 21.35.

Mixed Contract July/Aug: 21.4; Oct/Nov: 21.75; Dec Jan: 21.4: March/April 21.30 May/June: 41.46; July/Aug: 31.40

SAO PAULO Average price

U.S. at 14 Paris |designated spot merkela: 34.03 | Milkn|| Closing prices, all in, ponce cents. Tutul salos 2,140 bales, Venga Zurich

No.4 July

Spol rubber

Ilanket crepe

anbaled 904-

No. 1 pale crepe ......

per lb.:

LONDON

1231-002%

104 (5-1025k

UPI.

CopenhageKI Frankfurt ·

Stockholm

2.6511-7.00

10.00-10.0092

140.3736-740,4234

10.30-32-10.3931 11.78/4-11.753. 15.00-13.00$ 1454]-14.003 1770-173035 41.02-12.45 15.1176-12-1936

Ryo

July

Boul.

July

Deal.

Soybeans, No. 2, 7ellow

Opat Since 1880, the Import of

Dept. of Mr Julian Rodrigues Adamo,}} traßsister eats from Japan had

of Beerclary

Agriculture of increased 2,000 per echt. Mexico, "lo discuss ways und In the nine months to Marcis means of attaining stability for this year, the increase was 200 cotton trices under the existing per cent compared with the lawn of the various countries.” Chirie period

1957-58 In --Itcuter.

China Mall Spesial.

Hoy,

March SKI-67,

Upot

210-14 FELETE 510-211

120-133

New York flour

1200 16, sárk

31.20

Standard Ull of Ind. Standard 01 of NJ. Strep Rock

Sterling Drux Co. Stukely Von Carup. Stone & Webster Studebaker-Packard Corp.

Waukesha Mojom

Weetinghouse Ale Brake Westinghouse Electric Western Unton Tel. Co.

West Va. Pulp & Paper

Wim-Dixie Stores

Wontwerth (K.W.)

Zenith Rho

Hongkong Attracts Capital

Talpoi, July 9.

A Nationalist Chinosa Gov. ernment study sald today that Hongkong attracts more foreign capital than. Formora because of the ease of investing in the British crown colony,

Foreign and overseas Chinese investment funds are pouring into Hongkong without invita- tion and passing up investment

from requests

the Formosa, report sald.

The report urged the Na- 170 tonalist Government to reduce taxes and Interest rates and eliminate red tape which is frightening investors away.

Formosa's primary investment benefits, the report sald, pre cheap water, power and labour. -UPI.

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