Page
London
THE CHINA MAIL, FRIDAY, JULY 31, 1950.
WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE
Page D
Stocks PRICES WELL MAINTAINED
Steady
London, July 30.
Stocks held mostly fem
despite
the
slowing
volume
on
account
of
holiday influences.
Watson's Main Feature Of Week's Trading
Foreign Issues were generally Prices on the Hongkong Stock Exchange
quiel although Greek
were once
speculative
bonds
again the centre of
fever, Interest in British funds faded but prices held Meady. Dollar xibcks were 75.
Industrials Tuled Irregular
as steels and textiles continued
Arm but
slipped
shares
were selectively
Π
motor and
bit
stores Engineering
and
firm. under American
rubbers had
some strength.
Olts were up influence
were mixed in
Gold shares qulet trading. Coppers were Jull-UPL
Brill
Closing Prices
465-4/10
Giltedged Bondi
Transport
Conzola 21571 453
J. 20175/6
1
INGO-
Funding Loon 3. 129/00-15.
Block 18009/20104. -
romained steady during the past week although volume of business was slight- ly loss.
HONGKONG
STOCK EXCHANGE
NK Bank Lombard
Union
Wherlock IK Wharf
HK Docka
Talkoo Duck
*ID
★
Yield(%)
Motors' Record Income
*
The Share Market At A Glance General
July 2
July 9
July 10
July 23
--Juts $0
Up or Down
Dividend
& Bonus
035
045
ONO
92754x
#35b
+$8.50
118
33b
354b
38b
38
$2
8.2
73
TO
82
83
82
-$1
$3.40
44
6
614
*.40
0.40
6.30
-100
750
11.75
102
100
104
101
100
$8
7.8
404
434
4314
请看
43146
-$50
35
11.3
32
31
320
324
2014
*teady
52.80
8.6
Provident
12.40
12.70
12.00
12.70
12.40
-100
$2.10
8.0
DR Hotels
28
28
28.20
28.20
28,20
steady
$2.50
8.0
HK Lands
3314
33
3334
3014
30.50
+$30
12.30
0.4
HK Really
3.60
1.00
1.05
1.00
1.00
Ready
150
9.35
HK Trams
28.20
28.00
29.20
2012
2014
steady
4.B
Star Ferry
110
117b
120
13)
1315
steady
58
0.85
Yaumatis
116
112
115
-12
-111-
m
-58
Ch Light
17.70
17.00
10,30
18.30
18.30
steady
$1.10
1
Electricn
27.00
27.90
28.40
28.70
28.30
steady.
$1.90
6.65
ភ
IK Telephone
20.70
27.10
26.30
28.10
A
28.10
steady
0.25
G. 1. Cement
3414
3414
34%
3434
-R60
$3.25
0.2
Dalry Farm
16.10
10.30
17
13.30
17.20
-10%
$1.525
A. 8. Watson
14.70
14.80m
14.05m
15.10
17,40
+$2.30
SI
4.7
18.40
18.600
18.00
20
21
+$1
器
9.8
6
0.20
6.45
01
0.40b
--100
650
4.334
4.40%
4.201
4.15M
4.05b
-10c
250
11.40
11.00b
11.60b
11.800
11.70
-100
002
ጋ
5.95 10.30
6.43
10.50
480xd 11
0.05 10
&
-50
1011
steady
GSC 700
10.7
The mold feature of the week has been the considerable rise in Watson shares resulting, it is be-
of ieved, from rumours possible sale of some of their real estate holding in Kowloon (eg. the Kowloon Inctory) and concentrating more on the Island kide.
However, the whole question still appears to be up in the air with no defnite break of news. In Ules, Star Forries have maintained around $131 while Youmails have ensed of slightly. Both China Lights and Hong- Business done on the Hongkong Electric have remained hong Stock Exchange is steady with only slight move- twenty cents moting amounted to approxi-ments of ten or znately $749.030. Noon quota- either way. Tramways moved slightly with unsati-fed tions and the morning's transac- | up tions:-
buyers of $20.40.
#hares Buyers Sellers Sales MANKS 1000/-
Cofimals 45-£74.
Conversion
67-3/16.
Fundana
Flink
Lonn
Savings %, 1993/05-£9ONG. Saving 3% 1960/70-£81-%
Bank
CV)-1/16.
Savings A. 3105/75-471-8/10.
Barclay's Bank "A" Ltd cad-53-
"Chartered Bank-48.
Hongkong--451%.
Unton Insurance Canton - £1-3 $0.
Aircraft and Motors
British Motor
C'orga Tor1 . 144
Third Motor Co-lite Flyd 297.
Brewerie
Distillers Co--20 1:40.
LIK Bank,
XIX .... *li
My Ahis
1142
14
INSURANCES
Tales 11,
123
Landlord
SHANG
Watertuint
24.00
Which
6:35 2100
6.30
DOCKS ETC.
K. Whart
12
163
ATA T
100
200
10
Dock
43?
44
740 w
1-rovident
120 12.75 32
3315
1200
LAND, EDC.
1 Land 30, 320
34%
1000
Humphreys 16, 10.70 Realty
2.025
2.05 20,000
3003
2.05 1.820
HK I 20.10 2830
Building and Material
RUBBER Portland C'ement—s
Associated
chin Johnson Amruciales Orl
22 kl.
Coal, Steel and Engineering Babesek & Wilcox LAB-40% 30. Vickera Lad-29 10lyd.
Tout and Tobacco British American Teb Ch., "LA 4.
Ca.. Lid-19 Imperial Tobacco
04.
Miscellaneous
Strili Oxygen Ltd. Ord-03. J 'Campulan Pactie Rly-53. iamlop Hubber O-234.
Hongkong & Ching Ges-134, Imperial Chemical-9 40
Lyon & Co-008 10d. Unilever - 49.
l'aper
Amalg
Trun
A. "Tawan 30
UTILITIES
240
Tom 40 Flat For% YAAN.
C. Light
Electric
Lane, Crawford
Int Investment Allies
IIK & FE Inv Textile Corp Nanyang
bל,$1
20.2.
0.05
Industrials Again Lead In
New York, July 30.
There were steady buyers in Industrial shares set a new high today for
Cements throughout the week with the pries well maintained ; nl $34.
the fourth straight session.
Du Pont red
After easing off in the begin-carly derliuse and
Hongkongpoints $1 ning of the mouth,
Banks showed signs of recovery chemical section. at the close yesterday with on- quiries unsatisfied.
Textiles were
comparatively
quict during the week.
Dividend announcement during the week:
Star Ferry. $3,50
Interim dividend, payable August 20.
Market Diary
Here is a market diary of the week.
Friday:
131
112
100%
20. 10.40
150
4
112 16.50 18.40
20.70 21 10
255 m
Monday:
3390
1400 R
28.10
1000 28.20
**15 E 9.00 Telephone 10 2830
INDUSTRIALS 3455 1800 31. Tuesday;
STORES, AN
الله
Dairy 172910 500 17:0
ד דם
Watson.. Lane, Craw 21.30 21 30 1500
21.
LOTIONS
Textiles
ad
4.
VHI
Xx1
INVESTMENTS
Allied....
0.15 0.06 . 10.00 10.5 Nanyany MISCELLANEOUS
#3 19
11.40 400
KUL 104
500
6.43
Howater Paper Corp Ord-5t.
Radio and Electrica Associated
Electrient-
Electrical & Mulon)-03% English Electric Co-412 General Electrte-3 3d.
Shipping
Steam Nav. Co, det
mão-China ord-2013d
P&O Steam Navigation def and
41 D.
Stores
Great Universal Stores A2
150.
Marks & Spencer Lld-834 Bd. Woolworth P, W. & C-3! 71ad.
Traile
Coats J. & P Ltd 20m 1911⁄2e. Courtoukis LIG-3M $990.
Wint
Anglo-American Comp of South
Atrie- Pad.
Co Goldfields of Bouth Airien ... 77% 10%
Cun Zinc Corp. Oud GJ T
De Beers det--199× 71yd.
Five Binte Development & Invest-
Mentelle d
Hongkong T-43 76.
Pelzling Tin-5v öd
Rand-o d.
Southern Kinta Cons I.td--22
7760
Union Corp-Olin 4tjd
Went Driekaniein ~ Golddunting-
143 Dd
Werl Rand C-226 l,
ON
British Borneo Petroleum Synd!- cate-St.
British Petroleum Cu., -21
Royal Dutch Petroleum-10 ww. Shell Transport Tradtni-142M
cor-Reuter.
Decline In
U.S. Foreign
Investments
New York Cotton Market
New York, July 30. Cotton futures were trendless and dull through most of the session today until a brief local and southern selling spree de- pressed distant deliveries at the close.
At the finish the 1st rulet 1 to 10 points lower. The murket opened one to two points higher
Now this morning.
Orleans clused on bid prices, three to nine points lower
of this
mount
A leading spot firm estimated collon stocks will total 8,030,000 bales on August 1 but that only 709,000 bales will be free,
Certificated stock as of July 2B totalled 11,014 bales edin pared with 11,894 bales on July 24.
qulet
QUITE AND FIRM Grey goods remained and Arm with textile
expressing the Executives
little opinion there will be
Washington, July 30: change in goods prices next year
that
The Commerce Department despite the possibility of lower estimated today
United cotton prices. States net foreign Investment The cotton
told Com- men during the year 1958 declined by
merce Department officials the $70,000,000 after having increased main problem is with foreign $3,402,000,000 in 1957.
competition, noting that forelim milis get cotton 25 per cent be
The reversal was apparently due to the recession last year.
United States payments to foreign countries in 1958 were $22,670,000,000 compared with $20,209,000,000 in 1957 and $29,- 135,000,000 in 1950.
The payments to foreign coun- trics in 1858 included; (1) for United States imports of goods and services, $21,337,000,000; (2) not transfer payments by govern- ment, $1,300,000,000,
Their total was reduced by the net decline of 370,600,000 in foreign investments.-UPI.
low the American mill price.
Exports of 1,942 bales locny brought the season's total to 2,720,959 bales against 5,827,771 bales a year ago—UPI.
Exchange Rates
Interest centred on Lane, Crawfords which advanced 10 $20.90 and Textiles. T/O: $1,147,000. interest centred on
Udites will clu tries in the lime- light
$1,035,000.
T/O:
the motors
New
Ganemond Organ
Hryden Newport Corp. Homesinke Muning Col
Has Refrig
n
Amertean Tob, "B" Astance Copter Armen Steel Armont
1001
Allas Coas. Mining Baldwin-Lima-llam, Rattimore & Ohio
11
idalo Power
17
Imperial On
461.
Bank of Montreal Bonestetal Finance
Ingemoli-Rasul
The
Bendix Avluflon Carp. Benguet Cod.
Interchiem!cat Corp
arowal ran up two Strong feature a
Chyler toxĚ Aircrafts higher. turned tp after lagging for a long time. Their gan ranted to nearly two points.
Aluminum issues. Wera soft pols. Electronics also re- corded wide losses in several esues. Rats were entier for the most part and the steels showed Jan easier tendency,
But the industrials had enough strung spots to lift their average, Numerous special issues moved ahend.
Today's volume was 3,240,000
shares.
Of a total 1,210 issues traded 422 were higher and 504 lower.
volume American Exchange was 1,250,000 shares.
Bonds volume $6,670,000.
Dow-Jones
wore:
Market was fairly 50 industrials active with demand 20 rails for shares still utilities
13 stocke (40 bond persisting.
Comte. future price index
T/O:
$1,070,000. Wednesday: Banks and Unions remain in good de- mand. With the exception of phones, which eared slightly, all utility counters re- mained unchanged. TYO: $770,009.
active Moderately. market with prices well maintained. There were items of special in- terest. T/0 $1,091,000.
Thursday:
по
Yesterday's Closing
Closing Prices
Bethielen Steel Boeing Airplause Borden (The Co Burroughs Add Machine Urti Amer. Oil Calif. Packing Corp. Cona. Bk. of Comm,
na. Brewers Campbell Smp Co. Canadian Pacine Case (3. 1.) Co.
Cat. Tractar
Crianere Corp. Je
C. I. 1. Financial Corp. Chase Mandal, Bank Crysler MOLDIN Chuck Fenbudy
Colgate-Palmolive Co. colombian Corbon Co. Commercial Credit Consolidated Ellison Cuntinental Ou of Del.
Diamond Alkali
Douglas Aircraft
upo de Nervuzy
Eastern Airline
Eastman Kodak
929
าย
13
вот
1157
Inland Steel Co.
In Business Machh
In Harvester.
International Nickel
International Paper
In Tel & T
344 John-Manville Co
1025
Kansan C. Power & Light Kennecolt Cupper Cumberly Clark
41351ggett Meyms Tou. 06.
Site
Lily Tullp
Lition Ind....
22% Lockheed Aircraft
221
York
Texas Co
Textron the.
I them.
Water Aum. O 43ne ine......
Tri-Cont. Wormunte
00 Twentieth Century Fox Film
42
Unton Oil
32 Union Cardeal.
499
Unton Pacific Railway
104
130
United Airerull
United Frutt
United Gar
30.S. Ful ".
U.S. Cypum
40.5. Line Cu.
104 7.9. Rubher
U.B. Smetting
2015 .8. Steel.
Westinghouse Electric
21% | Wert Va. Pulp & Paper
New York, July 30. General Motors Corp., the
world's largest auto... mobile manufacturer, yes- terday reported gross in- come at an all-time record for the first half of 1959. Actual sales and net income for the half year and the second quarter were the second best in the company's history-exceeded only by 1955.
The total gross income repre- sented a gure that far outstrip- ped that of any US. corporation for the period.
Total income amounted to $0,562,649,049, That was well above the total for the Brut half
of 1950 which amounted to $5,164,425,240, and compared with the previous record set in 1953 at $6,333,520,002.
{
NET PROFITS General Motor income for the first half of 1050 brought the total net profits of the five automobile companies - GM. Ford, Chrysler, Amaican and Studebaker to just under billion dollars, exactly $905,- 26140,716. This compared with $320,434,705 for the four com- panies in the first half of 1058. The four aside from General Motors Bud n first half 1959 nel Income of $404,801,075, against anet loss in 1958 of $13,070,- 484,
31
140
1075
54.3 Steel 7 P.C. PF
143
127
Wartier BrÓR.
+7
SOY
Waukesha Motorz
+2
113
Loews Incorp.
31
5+
24
Lone Star Cement Co
aithWestern Union Tel. Ca.
Lowenstein & Sons,
2:60
McDermott J, Ray
17
Melhornell Aircraft
#7
Winn-Dixie Stores
42
Wantwort) 12. W.
49
Mesab From Coup,
35% zenli Radio
110
1 x-rights.
Mision Development
LIB
-UPI.
www
to
2100
*9
Minnesota Mining
Montgomery Ward
Motorola Inc.
National Histol Co,
Nerende Mina Lan
Nurtalk Wesiem Ry,
North Amer. Actation Northwest Airlines
Clin Mathieson
Owen linole Clas
Oxford
Paelic Gas & Elec.
(Com.)
anwunted
to
Crane C..........
dat
National Cash Reg. "A"
closing averges
Crown Zellerbach
5310
National Dairy Prod.
Cuban Amer. Sugar
201
National Lead
673.37
National Stegi Corp.
16712
Plamond Gard
33%
New York Central
89.71
Dominion Stores
70
47
Dow Chemicals
SYA
153.0-1
2701
Öt Elevators...
30%
El Paro National Gan
37
*++ 407
Family Finance Catp
Firestone Tyre & Rubber
142
1202
First Nat. City Bank
371%
L'an American Airway'
42
Ford Motor Co. of Cana.
140%
ROL
For Mutur
114
Parke Davis Co.
b715
Greyla 'acte
General Dyttomles
6224
Penn) Salt Co
14
General Electile
GAYA
General Foods
14
tieneral Motors
SGT
40
Gen. Pab. i.
247
18-14
Gen. Tyre & Rubber
74
:
fietty Sil
2015
Chuilen Co,
1815
Goodrich . F.)
no
Doodyear Tyre
142
Grumman Altera!!
27
110
✩ Paper blithiwr. Alden Ing. Aey. Alguma Steel Corp. Ailled Chemicals Alled Mills Inte. Allis Chalmers Am. Brake Shor Aneries Airline Ant. Entite à Redio Corp. American Cyanami Chz. Amer. & Forn. Power Am. Gas & Electric Am. Home Prod Am. Mach, & Fary. Americen Metal Am. Natural Gas American Smelting Ant. Sugne Ref. ..... American Tel & To
1+3
100
1015 Culf -0:1
COMMODITY PRICES
SUGAR COTTON
NEW YORK Closing prices all in per lb.:
ccats
Contract No. 4 (world) Sept: 2.03: Oct: 2.70; Jan: : Marci: 2.83; May: 2.85 July: 280; Hept: 2.88: Oct: 2.00; Spotif..b. Coba): 2.02: Total Sale: 521 come tract: Open Interest: 1,772 contract,
Contraal No. 6-(domestic) Hept: BAG Nov: 300; March: 5.M Six-ic....Y. ex-duty: 6.802 Trkai...Sales: 23 contracks: Opta interest: 3,423 contracts-URI,
u
METALS
NEW YORK
No. 1 July
No. 2
July
No. Aug
No,
July
No July
Paramount Pictures
Penny J. C. £6.
Philip Morris
954 Piney Power
10314-103 102-3/0-1029%
102-1037 102-10 101-102
Spot rubber unbated 103-103 Ilanket crepe
00-1005 No. 1 pals caps one. 108-110
LONDON Closing prices all in pence per ib.: No. 1. Res pot...
Settlement house term: JULY: Ort./Dec.
NEW YORK Closing prices all in cents per 1b.:
Spot: 76: Oel: 32.30; Der: 32.28: March: 52.64; May: 32.70; 32.43; Oct: 3914; Dee: 30.16.
ORLEANS
Jan./March
Apri/June
Procter & Gamble Co
Pittsburgh Plate Clans
Publicker Indunites
Pure On...
Radio Corporation
Itadio Corp. Pret.
Raytheon our
Republie Ricet
Reynolds Metal
Toyal Bank of Canada
Scar. Itobuck & Co.
Shell Oit Cv.
Safeway Stores
Saint Reg. Paper
Schenley "Ine.
Alcott Paper
Sinclair U
Smith, Cline & French
Sucony Mobil Oli
Solar Aircraft
South Puerto Rico Sugar Southem Co. (The)
Southem National Ge
Bouthern Railway (Com.)
Standard Brande
lasdard On of Cal.
Standard OR of Ind
Standard Oil of NJ. Sleep Itock Stering rug. Co. Bickely Van Camp. Stone Webalor Studebaker-Packard Corp. Sunshine Mining Ewift & Co.
GM net sales for the period amounted tu $5,511,890,701, second best in history, compared with $5,121,201,436 in 1050, and B01 86,512,072,100, the record
En 1955, Net
income after Tikes umounted to $599,285,041, aquel $2.00 a common share for Ute first half of 1959. This com- pared with $333,514,249 or $1,17 a share in the first half of 1958. -UPI.
The Colony's Burning Question....
HONGKONG TEXTILES and the
AMERICAN MARKET
Textiles have become the principal industry of the Colony.
Their future depends on our manufacturers' ability to export, and the main outlet is now to the 20% U.S.A.
0326
10%
30%
Much is heard of quotas and tariffs, but few know just what influences are at work behind the
scenes.
What do American textile manufacturers think?
•
39%-374
3036-3046
What action are they pressing on their Congressmen?
Oct./Dec.
Aug.
General marketi, porto:
Oct.
elit.
2834-29
basis,
28-294
U.S. INVESTMENTË QUOTATIONS
+
What political considerations are in- *volved?
Estate crepe
325
NEW Closing prices all u cents per July/Aug
Ib.:
Boat: 31.75; Oct: 32.28; Dre: 26.07; Mar: 32.01: May: 32.79: July: 32.30; Oct: 30.17 Dec: 30.14.
SAO PAULO
All unquoted,
Average price in US. at 14 32.78 designated spot markets:
Ulck Aux, 5€ AMSTERDAM Closing prices all in guilders per kilogram, c.lf. July. Total sales; 11.714 bales.No. 1 rubber No. 2 rubber LIVERPOOL
No. 3 rubber Closing prices all in pence per No. 1 crepe Ib.:
cents.
American Contract July/Aug: 22.40; Oct/Nov: 21.20; Dec/Jon: 21.151 Mar Apr 20.33:
Closing prices, all in cents per May/June: 21.25; July/buz: 2125.
Land July
Sept. Zinc, July
Bept, Copper July
Bept. Tin July Sept
LONDON
Mixed Contract July/Aug: $200; Oct/Nov: 21.70: Dec/Jan: 21.35; Mar/Apr: 21.40: May/June: 21.40; July/Aug: 21.10.
11.AR
19.150.
10.00
UPI.
20.63
101.20
101.25
Closing prices, all in sterling per long to.
Прог 3-month
· Busineu
loent was done in the uromelai
Copper thram exchange market morning, at the following rules;
3-month U.S. dollar (per 415 26 NAI 3.74 Sterling notes (per 21).
15.10 Lead 3,65 Australlen notes (per £LE D Indonesian suptält (por 100) ..
iam teals per 1001 simpơi (žrašta):
Buyers Bellors
28
ROBBER
NEW YORK
Alex rubber fatures closing prices all In cents per 1b.1
July: 50.25: Sept: 34.00: Juss: 4,00
2.19 buyers
2.67 buyers 2,85 basere
Mutual Funds-
United
New York, July 25. The following are 5.10 buyers States Investment quotations in American dollars. The buyers' prices includa commission:
-UPI.
FOREIGN EXCHANGE
NEW YORK Closing rates: Canada Kugland official.
"
k-drys
90-day
New Zealand
Houth Africa Tradin
Packets
Closing Nov: 33.50:
New York March: 34.45: | Montreal
Copen Pails
BINGAPORE
2231
May: 31.35; 332: 14.25,
it half July
FUL
101
Closing prices
180 Zine 1st has Judy 25.10
m
all in Straits cents per lb. fo.b. Malayan
ports:
trekheim
Kan Wanna
LONDON rules:
1.09 1/32
Bellor Buyers
Aflated Sund
787
18201
Am BUT Shta
Atom Dev Mut
L
Axe Hought n
Bullock Fund
14.30
16.00
Canada Chen Fund...
16.30
10,61
Canadian So
20.97
20.33
Canadian Int tirowth
9.70
Chemies d
11.90
12.92
Camwith Stock
Divider Bh
Fa
281. 2/10 balon & 11. Stock
2011 0/22 || Plectrontes Inv $23, 4/10|| Found Mut
d
*200*** tamu ya IC-7 CL8135
110.
Inants Found
Growth
rovest Tr Dorton Ingatone Chit pa...
ystem Ganado 2DI 1/18-281 J/10 M Inv Te
2.00 7/16-109 9/10 ||M##_QrOWUN
19.24-1905) Nas See Ber Growt
13.7812-134701)
114.6372=145446
174495–17449S
fcudder 81 & C
TOTA
Kalyn Llow, Fund
UPL
25.07
13.00
Wellington Fund 1000 107.
What can our manufacturers do to protect their vital interests?
These and many other factors are revealed and discussed in an authoritative up-to-the-minute article by
DICK WILSON
(Editor of the Far Eastern Economic Review)
in this week's
POST HERALD
Make sure of your copy by ordering in advance
No comments yet.
Private notes are available after approval.