1959-10-02 — Page 9

Page

THE CHINA MAIL, FRIDAY, OCTOBER 2, 1959.

WEEKLY REPORT ON THE HONGKONG 'STOCK EXCHANGE

Longshoremen

MARKET RECOVERS LOSSES Call Strike

Demand Follows

Spate of Profit-Taking

After four days of irregular trading

а

*The Share Market At

HK Bank Lombard Union Wherlock IK Whart

Yaumatla

3814

1.628

BXGZ

Glance *

Dividend

Bonus Viel@(%)

588 $%

$3.40

750

Up or

Sept.

955

402sb

Sept. 10 940

Sept. 16

Sept. 24

Oct. 1

Down

93714

9356

960

-+-$25

4034b

401%

40241

41b

+500

KO

70146

sob

$114b

Bob

steady

0.45

€.45

0.55

6.03

6.45

-300

.

1080

102

103

103b

110

HK Docks

4534

484.

4824

+$5 -250

Talkoo Docks

3214

2814

3232

3834

steady

$2.80

Provident

13.202

13.20b

13.20

13.70

24

+200

LID

IIK Hotels

23.40

28.40

2814

2914

20

++-50¢

32.50

HK Lande

1414bxd

35xd

3814

2646

$2.40

HK Really

1.826

1.875

1.628

1.63

+.0250

180

HK Trams

2019x

80%

3016

2011

$2

Hiar Ferry

1354

1261

13an

133

strady

38

114

115

119

115

+$1

18.20

2914

18.10 kill

17.90

18.10

18

-100

$1.10

23.80-

21.10

23.80

-300

$1.90

22.TON

12.80

28.00 34

28.00 34

29.30

30

20.60

-200

4

361%

37

-4-750

31.75 $3.25

27.40

17.70

18.406

16.00

10

++-100

31.525

10.70

16.800

181b

20

1946

$1

20.20

21.10

23.80

23.70

-1DC

32

Int'l Investment

BAL

6.51%

034

6.15xd

6xü

---18c

650

Allied

▪ ཏི་

4.90

4,70%

434

4.05

4.88b

-10

IK & FE Iny

11.70

11.50b

11.94b

12

12.10

+106

Doc

fessionally perhaps they are

Retting a little

speculation and

enfused with

there

Texille Corp Nanyang

6.30

101

0.55 10.70b

1

0.85 11.60

7.15 12

7.10

--Sc

650

12

steady

70%

i The

resulting in losses in most counters, the share market recovered with spurt yesterday which pushed prices back to their previous week levels- and in some cases even higher.

London

The

Prices

Firm

London, Oct. 1.

rally in the stock

market continued today and prices finished firm. a good Steel stocks puť vn showing motors were In de

was higher in mand and Ford

week's advance of the next deltend. Most blurchip stocks fared well

Gek stocks were Gils were mixed.

Gil-edged'

The easing off earlier in the week was in most part due to profit-taking #p the usual

supply and demand effect.

Many are of the opinion that

the market is

controlled pt-

nothing wrong with this. market needs a certain amount

without which i of speculation.

the prices

would

remain

i doldrums with tittle incentive |

evon for the investor.

Yesterday's advance was led

by Holels and Cements, the

Ch Light

. Electrion (old)

Electries (new) Electries (rights)

IIK Telephone

G. I. Cement

Dairy Farm

A. S. Watson

Lane, Crawford

6-993-8 276632886|1.998-33999

YORK PRICES UP AFTER

NEW YORK

New York, Oct. 1.

former showing a rise of a Rumours of an early end of the steel strike and

cents and the

their week's low.

latter $1.25 on!

Most counters were in popular demand and the support shown can be judged by the day's turnover of $2.337,000

Hongkong Electric rights were traded for the, first time yester- day fetching around $12.80- higher, higher price than was expected

The end of the market at the close appeared to be fam with prices inclined to higher on demand.

were

securites mostly improved. Consuls, tow- low for touched a nemr

OVET,

the year.

Foreign bonds were mixed,

und dollar sucks cased.----UPI.

Closing Prices

edged Tronds

***

1979/08--

Bilkh Tampint £8.

Commis 21-£497, eor. Consols 1 - £2', Conversion1

Lunn 3' 1900-

Funding Leht

Funding Stnek

3125, 1970/2004---

Enant

1000/00

£262.

Funding

Savings 7, 1935/5-290-7/18.

09-11/17

Seving

Savings 3', 1965/75- £739%)

52 3.

BattyBank "A" in und-

Chartered Bank-47% 8.

insurance

+

Con Insurance Canton-£3.

Aircraft and Motors British Motor Corp. Ord-17s d. Ford Motor Co s 3d.

Breweries

Duuiters Co--29%,

Building and Materials

Associated Portland Cement-65#

Pinehin Jahn Ansociates Ord-

-24% 11.

Cool, Steel and Engineering

Ilabcock & Wileix Lid-47 740.

Vickers Lid=294 1440.

Food and Tobacco

Market Diary

Friday:

Thir marke!

་་

less worry over the Du Pont distribution of its

63 million General Motors shares sent stock prices up today after a wide break yesterday.

• more

American Airline

Du Pont. off eight points at Am. Brake Shoe its low, rame back snarlty.

Am. Cable & Radio Corp. Alliest Chemical ran up

American Cynhard Co. than three points. Other chemi-Amer. & Form. Power cals were mixed.

Am. Gas & Electric An. Home Prod. Steel registered outside gains

Anement Metal to four points. U.S. running

Am. Natural Gas Steel was strong near closing American Emetting

American Tel&Tel Ampex led a rise in the cler-

Anettean Тор. tranies. Alcoa, up one, featured

Ansernda Copper ta frm merket för slúmniums.

Arneo Steel American Motors and Stude- baker Packard valed strong near closing Oils ersed. Superior spi a new low for the year at $1,399, of $106, before meeting support, Jersey Standard touched a new

was irregular during the day with fractional low. losses in mos! Counters. At the close

market Abitibi Pwr. & Paper

Alden Inc. Acy, ... appeared

Alonia Steel Corp. Allied Chemicals

Closing Prices

the

10

steady. Volume of

business transacted Allied Mills Inc.

All Chalmers. was $1,800,000.

The market cased Monday:

frnellonally with stight lowering of į buying rules. Volume of business dropped to $797,000.

Tursday:

The market closed irregular with frac fional declines

more

DA

profil-taking.

The turnover wax approximate- ly $1,115,000.

Wednesday:. Volume of business

Betish American Tob. Co., Ltd- Thursday: 379.60.

Id

Imperial Tobacco Co., Ltd-50%

MiscellaneoUR

Beardman Marden Lid-24

0.

British Oxygen Lid. Ord-868 84.

Canadian Püestle Hy-449

Dunlop Rubber Co-34 4d.

tongkong & China G—138.

perial Chemical—40%.

Lyons & Co-75% 7.

Unilever 10-1139

Ixper

Bowater Paper Corp Ord-548

Hadio and Electrical

Associated Electrical-QA_GU.

Electrical & Musical-029 Cd.

- English Excetrte Co-439 04.

General Electric-Js,

Shippin

Indo-China Steg Nav. C. del

or-29 cam Navigation def ord

Od

20

8.

Stores ----

Great Universol

Stores "A"

Marks & Silencer Lid--04s 3d. Woolworth FW. & commite 1010.

Textiles Cuata & Lid-28 TA

Courtauld b

Anglo-American

Africa-2009.

Corp of South

Cons. Goldfelds of South Africa

025 10444,

*Conn. Zine Corp. Orde.

De Beurs def-160, 11⁄2d.

Free Slate Development & invest-

ment--10s Id.

Hongkong in-4x 7144.

Petaling Fin-6s 6d.

Handla kl.

was fairly good for

the

HONGKONG

STOCK

EXCHANGE

by

Our Own Correspondent

Anneur

Asbestos Corp. Allas Cora Mining Baldwin-Lam-JEAN. Baltimore & Othe Bank of Montreal Bank of Nova Scotia Beech Tulle Savers Bell Telephone ... Beneficial Finance Bendix Aviation Corp. Benguet Comm. Bethlehem Steel 37% Roetg Airplane

Borden (The

301

Business done at the long-

this

hal day kong Stock Exchange

morning amounted to appro-

Session although

there were very ximately $1,637,000, Noon

few price changes.

Tumover was up-

quotations and the morning's transactions:

proximately Ghares Buyer Sellers Sales

$1,201,000.

The make

recovered remark-

BANKS

HK Bank INSURANCES

Union .... Jeonburd

ably well from the PTING

slight easing off of Wher

the last few days.

Most of the popular

counters were in DOCKS ETC.

demand.

$2,337,000.

Turnover

U.S. INVESTMENT QUOTATIONS

KWhart

960

ひかる

0.40 6.48

3000

0.40 0,45 indoor 3.45

3000

0.45

111

30

30

Dock ..... 4813 48.75

500

1500 m

1838 40 1000

** $3.75 Taikoo

LAND, ETC. HK Hotel 20.90

34

1000 v 1500

3.75

300 33.79

20 2093 4

1000 T

Provident 13.00 14

IX Land. 3314 89.75

ཝ#g#

14

200 6 36.80 200 * 14.50

185

30%

WIDE

Eatinan Kodak

El Paso Natural fin

Firestone Tyre & Rubber

Ford Motor

Georgia Pucife

24 Goodrich (E. F.) Co.

Int'l Business Machines

Harvester

International_Paper

BREAK

On East Coast

New York, Oct. 1.

Dock workers went on strike from Maine to Texas today. The walkout shut off vital supplies in most coastal ports including foreign steel im- ports which have totalled one-fifth of the np- tion's supply during the current steel strike. The strike by the 100,000- Jouth Altantic ports had not member International Long- bran affreind by the strike im- shoremen's Association coutil mediately becatise union officials throttle shipping on the Atlantic kept the men working while and Gulf Coasts.

bargaining scasions, with South The dock strike began when Atlantic shippers continued. a last-minute truce to continue

The Association of American contract negotiations beyond the Railroads put an embargo midnight expiration of the ILA's most freight shipments destined bontract evaporated. New for the ports affected by the Orleans dock workers whe fall-strike to ed to win retroactivity in the milroad cars. proposed 15-day extension walk- Importers and exporters of perishable food such a bananas Bradley, and other Copt William V

fruit feared an ex- president of the ILA, called a tender strike would leave car- strike by all locals to "keep the

40s roiting in holde pe on docks. Copat Union txether." East

On the Industrial front, Tour by longshoremen responded

of the five leading port, receiving siriking from Maine to Norfolk, imported steel are affected by Virginia.

the strike.

ed out.

Rubber Market

Lower

New York, Oct. 1.. Rex rubber futures today

20 to closed lower with sales

contracts.

prevent n

TOURISTS

tie-up of

Two large passenger

liners,

the Berlin and the Kingshoiri, York sailed today from Now after passengers and crewmen trundled

aboard. baggage Tourists returning from Europe carried

their own luggage

Jashore,

Tankers are not affected by the strike because they do not require longshoremen to land or discharge cargo.

European shippers wer? 40 points caught by surprise by the walk- of 89 out. Most planted to sit tight go before and see how things

othet diverting shipmenila ta Earlness

London-ports-ÜPL of the Singapore market and indication that the market wa: technically vulnerable, after a Ave-day ris? put prices on the track today. Unexpected sumption of the dock workers' strike threw the dealers into Brokers reported conturion.

reactionary

International

TC-

Investment

SALG

Pan American Airways

P

Paramount Pictures

43

127

Parke Davis Cn.

0214

Penny J. C. Co.

441

Penn. Salt Co.

General Dynamics

Pitney Bowes

General Klectric

70%

Procter & Gamble Co.

581

General Poods

K-

Pittsburgh Plate Gleni

651

D

General Mowry

Indio Corporation

10%

Gen. Tyre & Rubber

Jadio Corp.

Pref.

Getty I

182

Raytheon

45%

100

Glidden Co,

420

Republic Steal

B3

Hejnoids Metal

100

Goodyear Tyre

127

Royal Bank of Canada

6414

Grumusan "Alterati

21

Seam, Roebtick & Co

405

721

Gulf Oil

117

Sheil Oil Co.

751

ря

Hammond Organ

Safeway Stores

381

Heyden Newport Corn.

170%

Schenley Inc.

759 | itkam Walker

39

Sinclair Oil

3341

Mombak Mining Cu

43

Smith, Kline & French

Hussinan Refrig.

Sony Mob

of

414

tdaho Power

45

| Solar "Altermit

15

Imperiat OL

Southern Co. (hej

shipments offerings were bitly it to moderate, Sheet offer- inge were reported too high to interest patentini huyers.

372*

Imperial Tobacco

12

Southern Railway

(com.)

315

5716

Ingersoll-Rand

Standard Firanda

744

Interchemical Comp.

30

Standard Oil of Cat.

opened

414

| Standard Oil of Ind

42

407:

24

International Nickel

Standard Dil

B

Steel Co. of

127

0745

15

ist Tel & Tel

Sterp Rock

10

Johns Manville Cu.

Sterling Drug Co.

| Stakeby-Van Cap.

371

Late morning godown liquida: Lion met little resistance and the market

today.

Kalter Industries

30

10 Stene & Webstor

Kansas C. Power & Light

10

Co.

70

Kennett Copper

22

Sunshine Mining

Burroughs Add_Machine Brius Amer. Oil

30%

Lily Tulip

52

Swift & Co.

British Columbia Pwr.

अफ

Litton Lod

100

Taxa Co.

Loblow Groceteriss

25

Calif. Packing_Carp.

Textron Inc.

Cana. Bk. of Comuns.

00%

Lockhood Aircraf

231

Thokol Chem.

24 301

30

Loews Incorp. ....

30

Lone Star Cement Co.

29

Traders Finance

Time Inc. ........

05

37

McDennott J. Bay

35

Tri-Cunt. Warrants

19

McDonnell Aircraft

32 Union Carbide

140

Minhesota Mining

141

Union Out of Col.

14

COT

Stiksin Development

30% Union Pacific Railway

0:4

482%

Mole Brewery ... Monsanto Chemical Co.

18

United Aircraft

334

50%

Urated Gay Carp.

(53)

Montgomery Ward

Colombian Carbon Co

Commercial Credit

48 0014

National Biscuit Co. National Carh Reg. "A"

31 GZ1

UE, Fai: "IZ"

OT

BG

5019

Consolidated Edison

National Lead .......

Continental Oil of Dei,

JI

Crane Co. ....

502%

National Steel Corp. New York Central

2017 101

the In Amsterdain,

rubber market was quiet today-UFI.

32

Crown Zellerbac

U.S. SIM 7 P.C. PF 48% Warner Bros.

1024

53

Norfolk & Westem Itu.

North Amer. Aviation

33

Northwest Airlines ¡Com

355

Olin Mathieson

Weringhouse Air Brake Westinghouse Electric Wex Va. Pulp & Paper 48% | WISH-Dixie Sloves

23

4814

Olis Elevator

701%

Woolworth (K. W.)

2:14

Oxford Paper Co.

0812

71%

Poelße Gai

UPL

Coga, Browerz

Campbell Soup Co. Canadian Pacife I

Case (J. 1.) Co.

C. i. T. Financial Corp. Chase Manhal, Bank

Chrysler Motors

Quell Peabody Colgate-Palmolive Co.

Cuban Amer. Sugar

DRAM

Gard Distillers-Beograms Dominion Stores Doudas Airgrati Dupont de Nemours Eastern Air Line ...

0012

**

Yesterday's Closing

Noranda Mines Ltd.:

Elec.

4814 Studebaker-Pickard Corp.

U.S. Gypsum

59179 Rubber

1124 | U.S. Smelling

US. Steel..

48 Zealth Ratio 63%

COMMODITY PRICES

SUGAR

30

100 @ 38.15

NEW YORK

Closing prices all in cents per

lb.:

Contract No. 4 (wotid)

Det: 3.00; Jan: 3.30; March: 3.1; May: 3.28 July: 9.14; Sept: 3.5; Def: 1.2; Bpot(.o.b. Cube): 7.15.

:

Telit Sales: 1,240 contraYER Open interest: 7.150 contracts.

Contract No. 6 (donieslie Novi 5. March; 8.06; May: 5.48: Spot-10.1.1, N.Y, ex-duty): 8.00),

Total Bates: 43 contracts. Open interest: 1,433

Hurtphreys 11.10 1830

“105 170 48230 2 Really The following are U.S. Invest--{ ment

quotations in American RUBBER

3.475 dollars. The buyers' prices in Amalg........... clude commission:

Tawah 3.05

Am Buy Sho

contracts.

METALS

Meeting

The directors' report and the

ITE Singapore, the market prot and loss account of the

around the previous International Investment Cor level with heavy liquidation poration Lid were adopted

the annual meeting held at noon fairly well atxorbei.

eased sharply before

buyers showed Interest,

The market again cased carly

Iow 44% in the afternoon but at

7514 levels shortcovering and fresh buying interest stepper. further decline.

Unofficial

price

361% hardened on good demand for October No. 1 Res and sellers Bit: reserved.

In London, the rubber market was barely steady with spot quoted at 321% pence.

The dividend was approved.

and Mr Mr C. W. Grange Elus Hayim, retiring directors, were re-elected.

Lowe, Bingham and Matthews were reappointed auditors.

the

At the meeting of the Loan und Investment Co Ltd, today at Edinburgh House, Mr J. L. Mar- den, Chairman presented the re- port of the directors and audited accounts,

was approved. The dividend Mr Marden and Mr Ellis Haylin cre re-elected directors, Lowe *were Bingham and Matthews re-appointed auditors.

99-101 119-127

326-331

2016-2016

General markets, cl.f. boala, poet

Oct./Dec.

Jan/March

April/June

July/Bept.

Oct/Dec.

Det

Closing

NEW YORK

prices, all

Now.

in cants

Estate stepe

per lb.: Lead

thick Det.

Oct.

11,30

Dec

11.40

Oct.

$1,95

Dec.

Copper Oct.

30.58

No. 2 rubber

Tin

Деж Oct.

30.45

No,

rubber

-101,7

No. 1 crepe

Dec-

101.371

LONDON Closing prices, all in sterling per long ton

29.291

31

9.00 buyer

trading

COTTON

NEW YORK

Mixed Conizaci

Oct/Nov: 22.13: Dec/Jan. 22.35 March/April: 22.03: May/June:

July/Aug: 21.09; Oct/Nov: UPI.

4-month Copper epot

3-month

Closing prices all in cents per Lead 1st half Oct.

Spot: 33.83 koin; Oct: 32.28: Dec: 2011-12; March: 54; May: 32.70:

9.00 July: 32.22; Ort: 3031: Der: 30.31:

150

| Mar: 20:45,

NEW ORLEANS ---

Closing prices all in centa per

lb.:

Spok: 31.35; Oet: 32.20: Dec: 32.00; March 2.52: May: 32.74) July: 32.21; Oct: 3028; Doo: 3027; Mar: 30.30.

BAO PAULO

(Closing prices all in cruzeiro per kilo):

Average peleo in US. at 14 designated spot marketa: 81.74 cents; Toisi ales: 58,366. baler.

· LIVERPOOL

2125-

RUBBER

NEW YORK

Itex rubber futures closing prices, all in cents per 1b:

Nov: 37: Jan: 58.05; Marth: $300 May: 33.0: July: 3216; Best: 53.00;

Nevi 3,38,

Spot rubber upbaied ... 1923-1024 Blanket crepe

No. 1 pale CTODON

LONDON

Closing prices all in pence

per fo.:

No. 1 Rm spol

Settlement festen term:

AMSTERDAM

Closing prices all in guilders

per kilogram, cl.t. Oct.

No 1 rubber

2.86 buyer 0.80 buyers

3.41 buyers --ÚPI.

FOREIGN EXCHANGE

NEW YORK Closing rate: Castada

England offic

90-days

New Zealagră South Africa

Other unchanged.

LONDON Closing rates? New York Montres Ameterðarn

ris

Copenhagen. Trankfurt

SINGAPORE Closing prices alt in Siraits Lisbon Closing pričew all in pence per i centa per 15 to.b. Malayan Paris 1b.:

1.08 9/10 FL.0000 3.8070

#2480 3.7000

300000

2007/15-3.86 0/20

MORE and MORE

PEOPLE ARE OPENING

5%

BANK

DEPOSIT ACCOUNTS

-with-

LOMBARD BANKING

臨

✔SECURITY—The Bank's Capital and

SAVING ✔SAFETY

Reserves.

-No Charges, Brokerage, Com- mission, Fees or Stamp Duties. SAFETY — NO Capital Depreciation-Your

funds remain at your disposal.

INTEREST is calculated on a Daily Basis

--Le your money is earning › 5% from the day you deposit until the day you withdraw. ASSETS EXCEED £50,000,000- knierers putul picthout gieduction of United Kinjjdam income tax Write 10-day to Genstal Manager for your copy of Bank Deposit Account" Booklet No. AÖ.74

LOMBARD BANKING

Band Oce

LIMITED SANÉVRI

IDRĀŽĖS KOŠEĽ, CURION STRIKY LIMBARETTANTEN JEAN ZAIDATO MakGET MORTALS GUAY EINGAPORE, Trappens: 2984s A_World-Whi« Bánking and Finance Organization

410 1850 18.50 3000 e 18.10

.. 23.70 13.80 1560 # 219.00

500 18.10

1000

18.10

5000 5000

A

Affiliated Fund

7.42

3.02

Sellers nuvers SunLTIES.

·

4.51

Thom

2015 10.75 1100 30.75

UFI,

Atom Dev Mut

0.10

5133

POEK TYNTH

Axe Hought B

6.41

50.14

Bullock Fund....

13.47

14.78 Stor Fery

Canada Gen Fund..

14.11

15.23

(Q) Youmati

74.

000

.74

· 110 Tog

800 0. 19

Canadian Fd

17.38 16.92

Canadian Int Growth

D23

10.00

C. Light

Chemical M

10.02

Comwht Stock

1500

Dividend Shi

Dreyfus Fund

1,02

Eston & Stock

24.20

Bioctronics Inv

0.00

7.28

Found Mut Fa

10.30

11.20

La Fd HC-7

5.00

5.48

Instit Found

19.69

11.60

1122

fratit Incom

0.37

7.39

Invest T Barton.

11.14

12.17

Keystone Cast Ha

22.31

24.34

2000

Keystone Canada

13.01 14.00

Co., Ltd-dia

Me Growth

Mans Toy TH

13.58

INDUSTRIALS 14.68 Cement

++

7 0

13.84

24.96

2700

Nat Bee Ser Growth

0.07

500 YA

Petroleuselev F.F

Sesler. En & C

30.03

30.03

18.03.

STORES, ETC.

Dairy

10

Value Line Fand

6.00

V. I. P.

1322

1237

Wellingtons u

14.00

Southern Kinta Cons 1.td-25 d.

Union Corp-700

d.

West Driefontein Goldmining 1774 od cer..

West and Cons--22 d.

Brilli

cales roleum

ed.

British

**Eutmali--450.

Royal

2-11.

Petroleum Syndi-

Dutch

Shell Transport & Trading-112s, Ieuter.

Halit Growth

BY DI

Exchange Rates Agreed Merchant

Buaitees was done 'in the iveal unofficial

W maišlei

· morning at the following raİNEZ-

V.B. Gollers (por

Sterling noise" (pre'21).... Australian potka, (per #1... Infobesian rupiah" (per 100) .. Etica (per 100)) Siingapore (W\ruita)

thia

...Rates

Ru

300

12.70

Marzio ·E, 10.70 Telephone" 2010 2011

Watson ... 19.00 20.10

Lands, Beaw. 2330

•

CONTONS Textling

1.20. 1.50

Ramyang. 12.20 12.40 MISCELLANEOUS Vibro .-13.8) 1440

Belgian Francs, Maximum RIVESTMENTS

1441 Bejling 868.

Wet German Détischemail); Maximum Selling, 72-7/10,

int. XD..

Allied

R.K. & F..

Invest.

4.06

疆

2000 † 13.90

ib::

Ssst es 1 estate stee

Tin spot ....

Jan.

Zine at half bet.

Americni 'Coutenon

ports:

No. 1 Oct

March/April FLYBA

3019ZAME? 11.06; 001/Kov: 31.10.

Buyers Sellers |

70314 704

704

70435

22912

233

$2:101

70

2012

TIK

ady

UFI.

| Ona,

102-1034 Mitan

08-001

Bibeschgim

Vienna

10119-102 100+2013%

Zurion