Page
THE CHINA MAIL, FRIDAY, OCTOBER 23, 1959.
WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE
World Rubber
MARKET AGAIN ACTIVE Output Over
Wheelocks And Watsons Lead Week's Advances
The activity on the Stock Market was
further
substantial by sparked
advances yesterday in China Lights, Electrics and Wheelocks rosulting in a turnover of well over $3 million,
HONGKONG
STOCK EXCHANGE
by
Our Own Correspondent.
China Lights which had been Hendy around $18.40 went up to $19.30 while Hongkong Electrics Added 80 cents to close at $24.40. Wheelocks put on 35 cents on dividend announce- news of a ment. Whether there will be an increase remains to be seen.
The collon section met with
certain
of selling amount pressure and closed casier, Bulh Textiles and Nanyangs, however, showed substantial gains the week. Nanyangs were up $2.10.
A
over
Banks were very firm with business done at $1,030.
Watsons caine in for Lood
Business done on The Hong-demand and ceilers were unsalis-
kong Stock Exchange this morn- ng amounted to approximately $2,030,000 Noon quotations and i the morning's transactions:
#haren Huyr ellers Bates DANKS HK Dank 1010 1050 20
Bed at offerings to buy at $20,50,
a gain of $3.00 on the week.
The rubber section remained well supported with Bittle change in rates,
Dairies opened firm but eased slightly at the close on profi- taking. They, however, showed gain of $1.30 over the week. Market Diary
1040 1045
3)
so
10
1963
7
600 w
Friday:
7.03
JUTS M
7.10
7000 6
7.20
SHOPPING
Wheelock 720 7.40 19700
10000 1000
1000
2000 1 2000
DOCKS, ETC.
Deci
63 65%
200
14.00 14.70
150)
500 47
430 of
Monday: Tuesday!
Provident
انا
Talkoo....
LAND, ETC.
HK Hotel. 321 323, 1000
FX Land
51:4
Trust
UTILITIES
Tram...
Star Ferry 131120
Youmal!
3)
100
in A
HK Bank Lombard Union
Wheelock HK Wharf
HK Resity
Million Tons
.
London, Oct. 22.
World production of natural rubber in August was approximately 175,000 longtons, according to preliminary figures issued today by the Secre- tariat of the International Rubber Study Group.
pro-
This brings total world duction this year to August 31
to 1,335,000 tons.
*The Share Market At A Glance *
Bept. 24
Oct. 1
Ool. 8
Qci. 15
B3AD
360
990
909
Oct. 22 1020
Up or Down
Dividend
Bonus
Thi{}
+4840
341
4.8
401/b
41b
4th
dib
steady
透
4.5
8135b
Ob
B&
99
87140
atesdy
$3.40
6.45
6.46
4.45
8,45
*
+586
780
10.7
105b
110
119
121
119b
stendy
6.5
JK Docks
4034
54
B3
5534
+++500
Tulkoo Docks
31
3241
36
8514
251
www250
$2.30
Provident
13.70
14
14.70
14.00
14.00
-200
10
7.0
HK Hotels
2014
30
3114
3131
32
4-250
$2.50
2.8
KK Lands
3634
304
37
38
37
-500
$2.40
6.5
1.623
1.65
1,70
1.70
1.725
+0250
150
3014
2032
304
20%
30%
zlondy
$2
133n
193
133
132
1tib
steady
0.7
118
119
122
122x4
120
+36
18
18.10
18
18.20
18.40
19.30
+900
24.10
23.80
24.10
23.80
24.40
+600
$1.10 $1.00
5.8
7.8
Electrics (new)
22.70m
22.70n
22.70n
22.30a
steady
Electrics (rights)
12.80
12.00
12.30
13.20
+30c
30
29.80
30%
104
304
steady
$1.78
8.7
3814
37
3712
37
-250
$3.25
8.8
18.00
18
19x1
2011x0
21.80
$1.30
$1.65
7.2
20
19340
20.30
22b
28.00
+ $2.90
$1
1.0
eight months
23.50
23.70
25
26.80
26.80
steady
$2
8.4
1,877,500 tona.
6,15x4
fxd'
€
014
6.40
---10c
650
10.1
Russian chare
of this
WAS
4.03
4.55b
4.60b
4.625
4,65
steady
2.50
5.4
143,000 tons and that of Com
12
12.10
12b
12.10
12.10b
steady
901
8.2
munist China 75,230 tons.
*7.15 12
7.10
1.65
12
13.30
#.75 14.80
D.00
+850
650
6.9
16.90
++-52.10
700
HK Trams Star Ferry Yaumatis Ch Light
Electrics (old)
1K Telephone G. 1. Cement Dairy Farm A. S. WaÁMOTI Lane, Crawford Int'l Investment Allied
HIK & FE lay Textile Corp Nanyang
Wall Street Suffers A
New York, Oct. 22,
Stocks today suffered their widest decline since September 30 on an active burst of selling that hit the list around closing time.
unill
The selling, which generated The market Wila firm during the day enough volume to cause ticker lateness followed the adjourn- resulting moderate turnoverment of the arguments on the
Injunction the
close the sleel At market appeared to strengthen with Before that the electronles
in mest
group had given the market a Turnover show with gains ranging to ten was approximately points on President Eisenhower's
buyers
sections.
$1,915,000.
Holiday.
After the holiday
The market showed
a fair amount
B
Wednesday.
statement in his news conference
Douglas Atretnét
Dow Chemical ...... Dupont de Nemours Eastern Air Lang Eastman Kodak
Gemerol Dynamics
General Foode General Motor
countries, grid 222,500 Luns nilant.
Meanwhile the spot price of rubber rose sharply by 3% Consumption In August
pence a pound in London yes. Amounted 10 145,000 tons, erday to 2 104d following the which included 8,500 tons Im Board of Trude's announcement ported by Soviet Russia and that it was no longer a sciler of 1,250 tons imported by Com-RAS No. 1 sheet, the best quality of munist China.
rubber, for the remainder this month. This meant that the market was brought back to the position of extreme shortage of nearty supplies which pertain of 1959 tolalleded before the Board of Trade Soviet inade the announcement of TA Tho
stockplin cales plan at the end of last week,
CONSUMPTION
Consumption for the first
Under this sales plan sales wete allowed without Dmit
Stocks of natural rubber in above A price of 2 0 August amounted to 690,000 pound.
tons which was 45,000 tons less then at the beginning of the year. Of these stocks 250,000 were in the producing areas, 207,500 tuns in the consuming
Late Decline London
Lone Star Cement C Lawrnstein & Sons. McDermott J. Ray McDonnell Alteraft
7015 | National Dairy Prod.
National Lead
National Steel Corp.
New York Central 71% Norande Mines Ltd. 1714
$102
229
2014
40
Smith, Kine & French
06
1824
Soruny Mobil Oil
401
2216
Solar Aircraft ...................
JT?L
3211
South Puerto Rico Bugar
Membi Iron Corp.
281
Southern Co. (The)
18
nex!
El Paso Natural Gas
2811
Minnesota Minin
178
Southern Natural Gas ...
Family Finance Corp,
Milton Development
2014
Southern Railway (Com.)
Firestope Tyre & Rubber
Monsanto Chemical Co.
48%
Standard Branda
Firm Nat. City Bank
831
Montgomery Ward
42
Standard O
of Cal.
Ford Motor ...
60%
Motorola Inc.
110
Standard Oli of Ind,
40%
Georgia Pacific
48%
National Biscuit Co.
42
Standard Oil of N.,
40
45% (National Cash Reg. "A"
04
Steel Co. of Canada
04
General Electelo
50
Steep Rock
11
WG1%
Sterling Drug Co.
12
95
| Atokely-Van Camp
304%
Stone & Webster
Gen. Tyre & Rubber
4774
Studebaker-Packard Corp.
21
Getty O..... Glidden Do.
Norfolk & Western Ry.
विजु
Bunshine Mining
4515 | North Amer, Avlatles
Swift Co.
121
Goodrich (B,F)
Co.
85
11
Northwest Airlines (Com.) Chin Mathieson
****
47
Texas Co.
71!
Grumman Alremfi
21
Ots Envators
7212
Textron Inc.
23
Gu o........
1003; | Owen-lithole Glam
92
Thickal Chem
Hammond Organ
221
66
Oxford Paper Co.
らす
Hayden Newport Corp. Hiram Walker
Jā
Paella Gas di Thee.
Pan American Airways
$215 Tri-Cont
Time Inc.
7019
Hammertake Mining Co. Huseman Rebrág.
Paramount Pictures
41
Twentieth Century Fox Film
Warrants
1931
Porke Davis Co.
4192
Union Carbide
123%
Idaho Power .... Imperdel Oli
44
Ponny J. C, Co.
100%
Union Oll of Cal.
Penn. Salt Co.
The would seek, additional spaceCen. Pub. Utu.
when Congress 'reconvencs.
The steel injunction adjourn with activity
ment brought heavy sales into steady undertone, the steels, ralls, car issues. Utilities nhowed chemicals, and special issues. It Hittle change, The knocked the
electronics down tum-harply from their highs, some approximate over was $2,112,000. | met losses. Only the alls moin- Wednesday: The lock market tained their equilibrium, and showed great this, group has been among the tivity during the weaker ones in recent sessions. half day session 1
LATE LOSSES and rises in some instances W marked
The up. turnover amounted to $2,104,000. The yolyst of business again tipped the $3 million mark with interoris centred on Banks, Wheelocks and Lights. There was proat - taking on Cotton and Dairies,
4000
RUBBER
Amaiz
36 3 DO COVO &
425
42000
500
1000
600
1540
100
100
200 A
C. Light 20.10 20.30
50 1040
Thursday:
1500
20 19
500
20.39
1034
WO
1500
30.10
2000 2
20
2000 20.10
5180 un
20.10
7000 1
2000 M 2000
20.10
1089...
Electric
2030 259
300 441
1400 k 24.10
1500 24.90)
1200
500
3.40
1500
20.GU
ALS.
13.00
14
132
13.69
1500 **
13.00
21.80 1500 21.70
U.S. INVESTMENT
QUOTATIONS
The following are U.S. lavest-
Goodyear Tyre
Imperial Tobacco Ingersoll-and
Inland Steel Co.
Interchendal Corp.
at Buang Machines Int Harvester
International Mickel
In the steel section, Iate net loses ranged to more than three points. Rails had declined run-international Paper ning to more than three points. Int'l Tel. & Tel. Ford lost two points and Amerl-Joh-Manville Co. can MotorS more than
121 Philip Morris
30
Pitney Bower ..... Procter & Gamble Co. Pittsburgh Plate Ginss
4004 Publicker Industries
Pure Ol.......
Tide Water Oil
272 Union Pacifle Railway
561 Unlied Aircraft
8:0
601
2011
United Fruit
3315
82)
United Gas Comp
U.S. Foll "9"
11)
64
U.5. Gypem
34
U.S. Line Co.
US. Rubber
Indio Corporation
50%
U.S. Smelling
128
Radio Corp. Pret.
|U.S. Sreej
Raytheon
40
U.8. Steri ↑ P.C. Py
1404
50
Repabile Sterl
Warner Bros.
16
Reynolds Metal
D42
Waukeats Motor
Kanses C. Power & Light Kemecott Copper
ACT
Royal Bank of Canada
#1
Sears, Roebuck & Co.
Westinghouse Air Brake Westinghouse Electric
Unior
Klinberly Clark
Shell OB Co.
701
three
Liggett & Myers Tob. Cu
93
Safeway Stores
Lity Tulip
574
Saint Reg. Paper
Litton Ind.
124'4
Schenley Inc.
Lockheed Aircraft
h
Boott Paper
2010
iwo In the motors. In Pont turned an
a loss. carly rise into Carbide fell more then points,
Today's volume wus 3,000,000 shores,
Of a total 1,200 issues tradici (294 were higher and 686 lower. American Exchange volume was 920,000 shares.
Bonda volumne
$5,640,000.
amounted 10
Dow Jones closing пустодо
ment quotations in American 30 industrials
dollars. The buyers' prices in-
Closing Prices
Kaiser IndŐÍRIS LIŰMO
Loews Incorp.
Yesterday's Closing
Sinclair Oil
Westeris Untan Tel. Co. 347% West Va. Pulp & Paper Ga Won-Dix Stores
491% Woolworth (K. W.)
#11. | Zenith
I
Radio
41
COMMODITY PRICES
1000
500 M
1170
1600
13.00
1000 10
14
WCTC:
Telephone
31 312
1290
303
400
4500 n 31
**$.49
500 F 100
Drais
104.02
314
i5 utilities
87,43
clude commission:
03 locks
208.75
37 374
500 r
Sellers Buyers 40 bonds
81.00
100 v
Affiliated Fund
7.61
8.13
Comus. future price index
150.42
Am Bus Shra
4.20
4.50
SUGAR
Atom Dev Mut
4.20
337
500 G
21.70
Bullock Fund
13.70 15.02
Canada Gen Fd
14.11 15.25
Canadian F
17.80 19.45
Canadian Int Growth
026
Chemical Fa
11.10
1012 12.30
Ablubi Pur. & Paper
$ 50%
Camwith Stock
13.04 30.35
Algoma Steel Corp.
Dividend Sh
2.95 1.21
Allied Chemnicsis
4000
500 v 945
0.45
Dreyfus Fund
24.43
1668
Allied bills Inc.
Zatón & H. Block
23,41
23.48
All Chalmers
Electronics Inv
6.6
7.61
Am. Brake Shoe
75.80
3000 1900
Found, Mut a
10.47
21.31
American Airline
Hamil F IC-7
5.06
6.55
Am. Cable & Radio Cuzp
Instit Found
10.81 1182
American Cynemid Co.
11.00
12.11
Am. & Forga. Power
Am. Gectric
1.20
Am Hare Frod
11.21 12:22
Aen. Mach, & F'dry
INDUSTRIALS Cement
STORES, ETC. Dairy
Watson
Lane, Craw
CUITONS
Textile
-
24.40 24.00
2000 23.23
1000+
500 A
20.20
28:30
103 24.39 2000 24.00
0.34 9.45 1003
Nanyang
26.30
1000
Gas
13.75
024 9.01
14.83
19.34
14.50 18.08
4.74 1.31
Americo Tob.
Jan/March
April/June
July/Sept.
Oct./Dec.
No. 3 rubber
2014-20
2216-2824
281-2835
unguoted 301-30%
3511
Closes
Higher
London, Oct. 22. Stocks closed irregularly higher today as the boom in Industrial issues con- tinued.
Gains were widespread among motor, unglovering, breweries, stores, newspaper, textile and property shares. Bank and in-
share, were Arm
&
The sudden announcement by the Board of Trade puched the merket price for RSS No. 1 in Singapore today two cents higher-UPI.
Australia Will Face Less Flour Competition
Canberra, Oct. 22.
In future Australia will
face
Jesa competition West
from subsidised German flour exports on Asian markela, the Minis- ter for Trade, Mr John McEwen, said in a state- - ment.
The West German Govern- ment had agreed to reduce the amount of flour it subsidised to traditional Aus- for expost Shipping weakened along with tralian markets, he said. This several other blue chips,
surance
*-
decision was the result of Losses dominated the Fold cent talks in Canberra between shares although coppers and Australia and West German older base metals advanced, Cils | government official, chowed some further easiness
"West Germany has assured while rubbers were mostly Arm Australia that by early in the
Government
hoods stronger, Foreign bonds showed little change. Dollar stocks were generally easy-UPI.
Closing Prices
were New Year, we no longer should
For rounds. have
complaint over serious damage to our export markets from West German flour," Mr McEwen said. “Australia's total four ex- porta dropped from 670,000 £A22 mJulen in tons worth 1858/57 to 403,000 tons, worth £A13 million in 1958/59.
31976/05
Giltodged Bonds British Transjutt
Consola 26 — € 51-9/10.
Con is 4. Conversion Loan 37
RM-11/10.
Funding Loan *
JA
The main markets for Aus- tralian flour are Malaya, Sign- pore, Ceylon, Indonesia, and
1903 1950/00 Funding Block 1999/2004— |Britain.
£84.
273-0/18.
Funding Loan 4%. 1960/90-RDI1⁄4%
in 3% 1000585 € 82-3/10. 7%, 1960/10--213-1/10. Saving 25%, 1905/5-2774.
Banks Barclay's Bank "A" Lid 50 3d.
Chartered Bank-46e Hongkong-25935.
Insurance
ord-
Union Insurance Canten—25%.
Aircraft and Motors British Motor Corp, Orduda öd. Ford Motor Co.
Brewerlen
Distillers Comzia 105p.
Buliding Mia Milarials Associated Portland Cement-1
METALS
NEW YORK Closing prices, all in
cents
per lb.-
Bd.
Oct, Thee.
11,70
30%.
11.78
2.04 Dom. 231 nom.
Zloc htt
Dec
1993
33.40
101.00
101 DO
2.89 nom, Copper Del
501
NEW YORK Closing prices all in cents per bb.:
Contract No. 4 (world)
Jan; 310: March: 22; May: 124; July: 127; Sept: 3.29: : 3.30; Jan: 3.43; pol-(1.0.6. Cuba): 3.08.
Total Sales: 374 contracte. Open interest: 7,442 contracts. Contruct No. 5 (domerilo)
Jan: 5.83; March: 5.84; May: 8.00: July: 539 Spot(C.lt. NY. tity): 6.OT.
Tulal Sales: 258 contracts. uppen interest: 1,200 conc
RUBBER
General markets, ci.f. basis, ports: Oct. Nov. Estale crepe thin Nov.
thick Nov. AMSTERDAM
Closing prices all in guiltlters | Land pr kilogram, c. Nov.
No. 1 rubber
No. 2 rubber
No. 1 crepe
297/
KORA
Rex
cx-
•
JC.
3.35 nora. UPL
ஈம் Dot.
Da
LONDON
13.28
Buyer Sellers
79413
7231
Zine and half bet
00%
15.80 400015 #
1000 15.70
15 70
Shanghai Ças
Co. Capital
Is Reduced
At an extraordinary Keneral meeting of the Shanghai Co., Ltd, the shareholders solved to reduce the capital of $10,500,000 to $7,700,000, and the nominal value of the 700,000 chares from $15 to $11 each.
Was
Instit Growth inmit IncoÉ Invest Tr hoston Keystone Cuat 112
Keystone Canada
Mane Inv TY
Mas Growth
Nat Sec Ser Growth
29.77
21.79
American Metal 13.00 ILOT Am. Natural Gas 13.63 14.03
American Smelting
Bouddar St. & C... KOM
Telev El Fd
Value Line Fa
Wellington Ta
14.19 1547
CHRYSLER SHOW BIG PROFIT
Detroit Oct. 22.
Corporales 20-
nounced today that its profits for the first nine month of
The resolution also called for The Chrysler the return of $4 a share in the paid up capital to shareholders.
The resolution
this your passerl unekinously. It was proposed
compared with * Loss of by Mr Horace Kadoorie, Cheir- $45,200,000 for the man, and seconded by Mr W. A. period last year. Welch.
Chrysler, the second of the big-three American motor manufactureus ia announco in-
same
Am. Sugar Ref.... America Tes & Tel
Anaconda Copper Armeo Stac
Armour Asbestos Corp. Atlas Cons. Mitzing Baldwin-rome-Ham. Baltimore & Cello Bank of Montreal Bank of Nova Scotis Lesch Life Savers Bell Telephone Beneficial Finance, Bendix Aviation Corp. Benguet Cock. Bethlehorn Steel. Boeing Alphace Borden (The) Co. Burroughs Add Machin British, Amer. Oil British Columbia Elec.
Cana. Bk. of Comm.
Call. Packing Corp. $22,800,000 Campbell Soup Co, Canadian Pariño R. Cabe (1. 7.) Co. Cat. Tractor Delene Corp C.I.T. Financial Corp. Chase: Mabhat. Bank Chrysler Mators Cluett Perbody Colgate-Palinolive Co. Colombian rbon Co. the perfect ending September Commercial Credit 30, 1938, totallod, $1,905,900 Commodated Edison 32 yer cent more than the Continental Oll of De $1,480,000 for the same period Cosmos Imperial Müle
Cramo Co................... last year.
Crown Zellarbacis Cuben Alper. MAENE viacnong Alkali. Edungand card Durillers-Bengt Mana Deminien Biered
Exchange Rates creased pronts, said the calls for
Business was dose in the local mometal BXONASI complet morning at the following reies: 20 11.5. dollars (per $1) Australian notes (per ki Indonwide suplai (per 100,
Chrysler's prošli figuro. For bio Brut tine mala of this YEWE SWINGRENty $2.79 a share. Reuter.
NEW YORK
rubber futures closing
prieta, all in cents per Ib.:
COTTON
NEW YORK
Closing prices all in cents per ib.
Boot: 38.25 nom: Dec; 3237; Mach; 33.25 May: 33.14: July: 52.77: Get: 30.70: Dec: 50.71; March: 30.06.
NEW ORLEANS
. Closing prices all in cents per lb.
Spot: 31.5: Dec: 31.53: March:
50.76; Dee: 30.70 h 30.8.
Nov 28.70 Jan: 30.90; March: Mag: 32.70; Judy: -35.11; Det: 34.00; May: 34.40: July: 320; Sept:
30; Nov: 23/07
SINGAPORE
Closing prices all in' Straits
18 centa verb. fo.b.
Trorts:
Dee.
No. 1 Nov.
Nov.
No. 4 Nov.
#pot rubber unbeledo;
No. 1 pale crepe
SAO PAULO
Att unquated.
Closing prices, all in pence | JULY/AUL! 21.761 Oct/Hov: 21.8.
J.; No.- 1; Ras, spoš
Oct./Dec.
Closing prices, all in sterling per long ton.;
E-mooth
Cooper spot
-month
Lord had half
No. 1 Nov.
No. 3.
Blanket crEPO
LONDON
per ib.:
Baidemaat beum, tits:
Pinchin Johnson Associates Ord→→
Coal, Bleel & Engineering Babcock & Wilcox Ltd-30s (c), Vickore Lid=31) Nyd,
"Food and Tolieto
British American Tob. Co., Lim 845 36.
34.
Imperial Tobacco Co., Ltd--60%
Miscellaneous
Boardman Marden Lid-3 $4.
Brush Oxygen Lid, Ord-1 34.
Canadian Facilio Rip=445k. Dunlop Rubber Co-280 103 d. Hongkong China Gas-11. Imperial Chemical-44 144. Lyons & Com838. Unilever Lid-131
Paper
d.
Bowater Paper Corn Ord-60s 3d.
Radio and Kinestiral
Associated Electrical-001 34. Electrical & Musical 4354. English Electric Co-481 31. General Eleytric.468 3d.
Shipping Indo-China Steamu Nav. Co. der ordla 14.
P&O Bitam Navigation det order. 420 D SLOTOS
06
Great Universal Blores "A"
South
Marks & Spencer Lió-fly 5d. Woolworth B. W, & Cons 7:54. Textiles Costa J. & Kid=258 36. Courtaulds 714-506.04.
MISTE Anglo-American Corp of
Gulddelde of South Africa.... Code Zine Corp., Ord- od dor. De Beers Caf~~1300. Hongkong Tiv-de 10144.
FOREIGN EXCHANGE
(Closing prices all in erpoziro
per kilo)
Melayan
Average price in UB, at 14 derigrated spot markets: 10754-10785} Dvailable
not
NEW YORK Closing rates:
Canada
1,00 9/16 | DO 101%da
106-107
2004%-100%
12319-113
all in pence
108/210515 per lb.; 119-191
American Contract Oct/Nov-1,70;/Dec/Jam 21.55; March/Apri: 21,70, May/June: 13.00: Bruh
LONDON
Closing kates: : New, for Kontrast
:Shed Chatraat:
June: 21.07
Thin sales; 97,777 båles.
LIVERPOOL Closing prices
Rand—104", Southern Kinta, Coris Lid-sla 04.
Driefontein Goldmining
Britten. Borneo. Petroleums : llynd) -
Mr McEwen added: "West German flour has been able to
Australian ex compete with ports only as a result of financial Resistance from the West Ger- man govemment "China Mall Special.
Britain's Commonwealth
Investments
London, Oct. 22. During the past five years Britain has invested each year £240,000,000 or just over one per cent of the national income, in the British Commonwealth. This total was revealed for the rat time today by the British Treasury in lis monthly
"Bulletin for Industry."
The Bulletin pointed out that the total Bow of capital to the sterling area part of the Com- monwealth averaged more than -£200,000,000. In recent years and the balance to Canada,
This part of capital falls to three catagorion:
• Private investment,
C. British Government grante und losnato Common wwalka government;
British Government re- payment of capital and pay- lends of interest. on special logo made to Britain during 300 after the war. This appile
arturoleum Co., Ltd-solely to Canada, and the figurs Phan, évéta abdi ; about 20,000,000 sterling s year in recent years.
1
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