1959-10-30 — Page 9

Page

THE CHINA MAIL, FRIDAY, OCTOBER 30, 1959.

WEEKLY · REPORT ON THE

HONGKONG STOCK

EXCHANGE

Page

Transformation Of Sterling In

PROFIT-TAKING SETS IN Last Few Years

Some Declines But Mostly On Selective Side

With the local share market shooting up the way it has done during the past few

inevitable. weeks, profit-taking was

And that is exactly what happened yesterday.

However profit - laking bas often resulted in a healthier markel

and one is inclined to think It will do just that for tie present market sorting out of more realisile prices.

Reviewing the market over the past four weeks one can casfly see from the accompany- ing table that prices changes have been incredible It not fantastic.

Unrealistic

Tuenday?

Take Watson for instance; Wednesday: four weeks ago they were a little below $20, last werk they elsed

at $25.00-a rise of approximate- ly $5.90. Aside from specula-

ilve rumours of sale of land elc., such a rise can only be termed unrealistic. Speculative buying of this stock has no doubt helped

in pushing prices up but there

are

those who will feel that

things have gone a bit too far Thursday:

and the resulta spate of profi-

taking and why not?

The market has by no means

its renched

saturation point

where one can say I told you It has merely reached a

50.

stage when some feel that prices are well worth taking a pront

on.

Sorted Out

There is no doubt some iɛsucr

worth cro no!

over recorded with business well spread in all sec- tions. Volume of business was p- proximately

$4,167,000

Further kalns were recorded during the nt- chy desplie

templa nt proft- taking. Uillies were the centre of attraction. Turnover was $3,527,000. Great netivity con- tinued during hall

the

day session with a satisfactory turnover. Although ♪ large volume of busines was done price changes were sight, Twon- amounted to

Over

$2,073,000

The market Was

Дуту

easter taking.

Interest centred chiefly in

*The Share

HK Bank Lombard Union Wheelock HK Whart

HK Realty

Market At A

Dot, is Oel. 12

0.45

༄

Up or Down

Glance ★

Dividend 4 Вопия

FINA(%)

4.5

London, Oct. 29. Britain's repayment of her US$260 milliór · loan from the United States Export-Import Bank illustrates the transformation of sterling in the last couple of years.

In the dark days of Suez, Britain had to raise a line of credit of US$500 million to pay for dollar ol and other pressures on sterling.

Half of the money was nover needed. The other half has now been repaid several years before I was duc.

*TRIBUTE

The repaymetit brings the extraordinary tribute that the

Bank

directors of the Export-Import "compliment" those in finances of the

Ocl. 1

och á

Del 28

990

990

1030

· 1050

+-526

41b

41b

41b

423

steady

4.3

Bob

80

90

87340

ать

steady

4,45

5.45

4.98

ambo

$3.40 750

10.7

110

119

121

1196

118

--31

$8

6.6

HK Docks

4814

54

55

5514

58

+$2.50

$5

·Talkoo Docks

3232

35

8314*

2311

3615

+$1.25

82.88

1.8

Provident

24

14.70

16.80

'14.00

14.94

+300

$1.10

$7.5

BK Hotels

80

3134

314

32

323

+760

$2.50

7.4

HK Lands

3034

974

3714

3814

+750

$2.40

6.4

1.63

1.70

1.70

1.726

1.725

xirady

NIK Trem

30

30%

3044

2014

314

+750

E.S

Alar Ferry

133

133

132

1211

132b

steady

Yautails

119

122

122x4

126

126

steady

charge of the

Ch Light

18

18.20

18.40

19.30

19.90

+600

$1.10

United Kingtiom.

Electrics (old)

23.80

24.10

23.80

2010

24.90

+500

$1.90

1.0

Sterling has never

Bleckties (new)

22.701

22.700

22.70h

22.70m

22.70m

slead?

Jookert back since

Electries (rights)

12.50

12.00

$2.80

13.10

14.ton

JK Telephone

29.80

30/

3034

203

31

+500

$1.75

37

3724

374

37

steady

$3.25

8.8

10

19xd

20xd

21.80

21.20

--606

7.4

1914b

20.30

22b

23.90

21.00

-4.30

4.5

23.70

23

24.80

Z4.20

24%

30c

$2

8.5

Oxd

614

0.40

6.00

+500

€50

10.1

4.55b

4.60b

4-5

4.658

4.70

+509

250

5.4

32.10

Itb

12,10

12.10b

12

+400

7.18.

12

7.63 13.30

8.75

9.00

0.80

14.80

16.90

15.80

---$1.10

200

B.B も

G. I. Cement Dairy Form

A. S. Watson Lane Crawford Int'l Investment Allied

HK & FE Inv Textile Corp Nanyang

เ

Rubber Electronics Lead

Market

Review

Singapore, Oct. 29.

and

profit-The market opened higher on better than expected overacas advices moved Irregularly volume.

the Ulity section was closed slightly tower.

Banks and

Insurances were

steady.

Volume of business Amounted

with

There

sheet In- was inwer terest but sellers were showing

to approximately rather more reserve. $3,872,000.

recent prices New York Sugar

but here again they are 6000 sorted out in prolt-taking. Invari- ably the more popular issues are able to maintain their prices des- pite heavy selling

The recent boom has done wonders for the market and turnover has not been as high for at least 10 years.

At least

we are sure ni one i

New York, Oct. 29. World Sugar futures today points higher to closed two five points lawer with sales of 298 contracts.

Domestic No. 0 sugar closed today unchanged to one point higher with sales of 12 contracts, World contract ruled mixed thing-there is no shortage of In quiet dealings while traders continued to evaluate political developments in Cuba and awaited further spot market developments.-UPI.

cash.

Market Diary

Friday: The market was bullish resulting in

Monday:

A

record turnover for 10 years. Business transacted ar the day

amounted

$5 million.

The tinued

over

market con- active with

another big turn-

A: lower levels shortcovering started the decline and dealers were being extremely cautious and movements were erratic.

Lower shert sellers were more accentuated.

York, Tex In New

+20%

Much Improved New York Market

New York, Oct. 29.

A flurry of strength in electronic issues sent them soaring three to eight points in an irregularly active higher stock market today.

The whole ist Improved, lutc in the day after top-level steet negotiators resumed a sesalon In Pittsburgh in an effort to negotiate a new contract to end the prolonged steel strike which is hitting all steel users at this rubber time 15 to 75 futures today closed

jower with sales of 63 points contracts.

The market was less active and more irregular as specula- tive interests seemed come cautious.

; Gen. Tyre & Rubber

Glidden Co.

Gentral Time rose more than eight points and Amplex rose more than five. This group was irt moving back and forth lave the day. Also just before the closing

some gong sounded In the shipment market, one profit-toking developed in other Some of checks were reported offered, sections of and unsold, out of Indonesia at the drugs weakened 38 cents +

MOTORS IMPROVE cost and pound,

The space issues ruled strong freight. Noveniber, but generally offerings were light and high-along with the electronics

which the latter are a

Exchange Rates priced, desiers thought.

Business was done In the local oficial exchange market this morning at the following rates:-

6.71 U.S. collars (per 31)

the list.

Goodrich (D. P.) 00, Coolstar Tyre Grumman Atrerati

Gulf Oil...... Hammond Organ

tyden Newport Corp.

Hiram Walker

Juan Berk.

Idaho Power

Imperial 01

Ingjerial Tobacco

Ingersoll-Rand

Inland Steri Co. Intecchemical Corp. int! Bulness Machines Int'l Harvester" International Nickel

Int'l Tej Zel Kalser Industries Kanses C Power & Light Kennecot! Copper Kimberly Clark

Locally, current month: No. 1 Motors improved with heavy Lone Blar Cement Co. Rss was quoted at 48 cents.

rose

volume in the Studebaker and issues. Allied more than five and International Salt three,

Today's volume was 3,890,000 sharts.

In London, the rubber market | American was quiet with spot quoted of Chemical 15.30 pence.

rubber firm

In Amstertiam, the market was easier after

Sterling Hoten (per R}} Australian notes (per £ij

12.50

Indonesian rupiah (per 100)

3.00

Siam ileals (per 100)

20.00

Singapore (Strala)

1.78 todayUPI,

Yesterday's Closing

COMMODITY PRICES

SUGAR

Nov.

Estate crepe thin Nov....

thick Nov. AMSTERDAM

34-3434 57%

Closing prices all in guilders

per kilogram, c.i.f. Nov.

No. 1 rubber

No. 2 rubber

No. 3 rubber

12.00; Oct: 30.58; Dee: 30.56; Mar; 30.75.

NEW ORLEANS

Closing pricts all in cents per ib.

Sout: 31.15: Dec: 32.39: March:

3.27 hom. 22.82; May: 13.00; July: 22.56; Det:

.: Dee: 30.63; hat: 30.76.

129 nom.

3.23 nom.

3.00 nom.

UPL

METALS

NEW YORK

Closing prices all in cents per

1b.:

Contract No. 4 (world)

Jen: 3.20 March:

3.18: May:

3. July: 3.2: Bept: 3.2: Oct:

3.21; Jan: 3.90; Epol-(2.0.k. Cuba):

3.00.

Total Sales: 298 contracta.

Open Interest: 8.017 contracts.

Contract No, 6 (domestic)

Jan: 6.84: March: 5.63 MAY:

5.07; July: 3.77: Spot-(C[1.7.

N.Y. ex-duty); 8.07.

Total Sales: 12 contracts,

Open interest: 1,418 contrapte.

No. 1 crepe

NEW YORK

Closing prices, all in cents per

ib.:

Lead

UTI

Dec.

Jan.

Zine

Dec.

Copper

Dec,

Jan.

Des

Jen.

11.01

11.70

BAD PAULO

of a total 1,209 issues traded, 478 were higher and 511 lower. American Exchange volume

s 1,220,000 shares.

Bonds, volume amounted $0,830,000.

National Biscuit Co. National Cash Reg. National Dairy Prod. Nettoral Lead .... tu National Steel Corp.

New York Central

70

43

London Records New High

London, Oct. 29. Stock market rose to new record high again today stimulated by good com- pany reports and a bright: economic forecast from the. President of Trade.

of Board

HONGKONG

STOCK EXCHANGE

realistic

this

Drakowem dono at the floristelut

Exchange am:unted to approximately. $1.478.• the soven 020. Noon quotations and the inzen- percent banic mate and oler | ugy transactione:

Sherr

Buyers Sellers drastic measares of September

DANKS HK Tank 1035 1045

1957.

Earlier this year, Beliain re- paid US$200 million drawn from the Internatkmal Monetary Fund, also in the dark days of Sucz

NO DIFFICULTY

INSURANCES

Union 80% 0734 DOCKS, ETC.

Wheelocks

Balea

1083

10 + 1013

io 1040.

6.00

1000 1000 0.80

פון

147 In K. Whert

37 Dock....

Provident 1870 1490 2900 23°24.05

Talko LAND, LIC.

Hotri K

She also had no difculty finding hor additional sub- scription to the International Monsterst Fund which involved £58 milion in gold from the United Kingdom itself and substantial sum in gold from the other sterling countries.

Some observers thought that Land at the height of the Suez crisis in when the loons from the Export-Imcorl Bank and Inter- rational Monetary Fund were raised, sterling WILS

not for away from devaluation.

In the

today. retrospect of ruch fears seem almost to have been a bad dream.-Reuter,

U.S. INVESTMENT

QUOTATIONS

Demand tor Industriai The following are U.S. invest- equities was again strong ai-ment quotations in American 20% though centred mainly on second dollars. The buyers' prices in-

clude commission:

135

21

115

5031

15

(chlaues rather than

Sicels were Alem, motora mostly, belter, radio and televi

slen very steady, textiles mixed and breweries si atid, tobaccos

373% fairly strong.

12%

70

Am Bus Shre

phreys

you

2002

350 b 1.90

4000 14.80

00

As 330

1800

100 # 221;

30 384

18.70 16.90/1900 – 18.04.

100 6 1.83

4000 ₫ 18.A

7500 18.30

500 or 28.83

1.

6800 - 1,725

500 - 1.733

1000 1.725

Resity

RUBIER Analy

3.643

200 6000 3.73

Trust, XD 4.525 A Tewah Sungla LITILITIES

...*

Star Ferry Yours!

C. Light

3.10

31.7

1000 3.78 5000 $13

100033.13

6:0031%

300 19.50

1000 24.30

BUD 30.75

3000 m 19,30

3000 39.90

2500

19.10

200

19.03

1000 19.70

Electrie . $4.50 24.90

1500 F 24.93

100 23

blu

Gellers Buyers

5000 m 24.83

Affilated Fund

7,50 8.FI

300 G NEL

4.32

4.61

Atem Dev Mut Bullock Fund Canada Gen ra

0.20

3.08

MREAD E

Ris 13.80 11 20

300 1315

1000 11.20

500 41 11 20

13.58

14.08

13,83

1000 & 11.29

1495

Canadian Fo.......

213 11.20

1742

13.80

t

integed states posted

Canadian Int Growth Chemical

10.13

Telephone 30 301

0168 7 3049

12.07

INDUSTRUALE

Com with Stock

18.24

Cement

..30% 30.70

1700 a 36.73

up to 3/18 on the day.

Invidend Sh

201

3.10

1470

STORES, ETC,

Eaton & 11. Stock

23.07

Dairy

Electronics Dow

5.10

Found Mut d

10.37

Hamil Fd HC-

Watson

4.00

5.40

Instit Found

10,74

Instit Growth

100

Int Income Invest TT Boston Keystone Cust 2 Keystone Canada M lấy Tr

0.07

7.30

11,10

12.20

21.87 23.86

13.00 14.12

13.30

24.44

13.65 18.78

Vibro

Nat Geo Ser Growth

4.25

Scudder St

C..... 39,13 39,13

Telev El Fd

15.51

16.97

Value Line Id

7.15

IK & FE

Wellington 7'd

24.13

23.40

12.30

37 Foreign bonds were quiet and Dreyfus Fund

mixed and dollár stocks higher

411

621

DELL

as the premium jumped from 4

381 10

out per

surance

inance house

ceni. Bank, in- and 94equilles firmod DIS New American

48%

buying gave kaffira a good day. But coppers fell, Oils were mixed and quiet,;

2014-UPI.

Closing Prices

Dutedged Bonds

British Transport 3, 1978/8-

1030

Funding Loan 2%, 1970/60-£N?i» Funding Stock 1990/2004-

Funding Loan

K. 1900/00-

of

Liggelt & lyers Tob, Cu.

an Int Lockheed Alfcraft part. Lews Incorp.....

1341%

20%

Lowenstein & Bona. eDermott J. Ray McDonnell Aircraft Mesabi Iron Corp. Minnesota Mining 15asion Development Monsanto Chemical Co. Montgomery Ward Motorola Inc.

验

147

70-1/16.

D1

Consols 21-£12+R/16.

Conml £7234

124

Conversion Loan 31

872

31

110

Rit's

001

307034

4734

Norfolk & Western Ry

North Amer. Aviation

3724

Northwest Airlines (Com)

$374

Olin Mathieson

O evators

*3791

Owen-Illinois Glass

120%

Oxford Paper Co.

35

Pacifle Gas & Elec

47

Pan American Airways

American Airline

Paramount Pictures

American Caldo & Studio Corp

P Parka Davis Co

3009/

Amer, & Forn. Power

A

Gas & Electric

48

Am. Home Prod

307

Am. Mach he Forg

201.

Am. Natural Cham

Closing Prices

Abitibi Pwe, & Paper

Aken Ine. Aoy...

Algoma Stool Corp.

Allied Chemdenler

All Chalmers

Am Brake Bo

Amarican Canenld Co.

American Blertal

Noranda Mines Ltd.

w/my J. G. DO

Perm. Smit Co.

Phip Marels

Piney Bow

Pittsburgh Plate Giom

Publcker Istrien

573% Pure of

.......

41

Racio Corporatio

Balo Corp. Pret

American Te, de 'Tel.

784 Baytheon

Am. Super Ref.

(Clowing prices all in cruzeiro per | Amerseas Senaltieng Silo).

Oct: 11: Der: 72; March: 1250; May: 71.50.

Average price 1 US. at i de- Kenzied spot markets: 3158 conia; Total sole: 108,5am balen

LIVERPOOL

Amonds Copper

Namco Bicol de..

Armour Asbestos Corp.

Closing prices all in pence Allas Cons. Minding

per lb...

American Contract Oct/Nov: 21.30; Dec/Jam: 21.30; March/Aprii: 231.90; Maytune: 22: July/Aug: 21.40; Det/Nov: 21.05.

Mixed Contract

Oct/Nov: 22: Dec/Jan: March/Apri; 22.35; May/June: 13.23 July/Aug: 21.78: Oct/Nov:

$3.20

52.40

101.25

101

RUBBER

NEW YORK

Hex rubber futures closing

prices, all in cents per lb.

Nov: 43.50; Jan: 38.79; Mar: 36.70: day: 36.29-July: 1500; Bept: 34.95: NOV: 34.05,

SINGAPORE

Closing prices all In Straits cents per lb. to.by Malayan

ports:

No. 3 Nov

No.

Dec

Nov.

No 3 Nov,

No, Nov.

Apot rubber unbeled"

Blanket crepe

No. 1 pale orig

Closing prices all in pence

per ib.:

Ke 1. Has spoj

· Settlement house terms:

Nov.

Det/Dec.

Fan/Marcia

April/June

July/Best,

Det/Des

Gecerad starkata, c17, bisa

LONDON Closing prices, all in sterling

per long ton.

Tin

Sout

month

Copper

* Samsoniity

Lesć zna hali

Buyers Sellers

COTTON

LONDON

FOREIGN ENCHANCE

NEW YORK

190

Closing rales:

Canada

24514

107-10714

Jan.

New Zealand

Zine and halt'

115-116,

105-11234

120-Izd

STIL

-UTI.

NEW YORK

Baštimore 'de

Do

Bank of Nova Scotia Beech Life Savers Bell Telephone

Beneficia France Benguet Cotta. ....... Bethlehem Bet

1045 Repu

Reynolda Metāl

Noyal Bank of Canada

Bars, Roebuck & Co.

31 Sateway Boxes

BA Reg. PRET Hohenley Arc.

494 Sout! Paper

40% Bmith, Kike & French Socony, Mouri On

11 Bar Akrorect. 2014 Bouth Puerto Rico Stiger Southern Ca (The), Bouthern Natural Gas

Betway (Cheri. )

Standard Où of Dil. Standard Oil of Ind

Standard Où NJ Steal Co. of Ceda

sleep flocks.....

| Stokety¬Văn Cams.

Stone de Webster,

Studebaker-Packard Corp.

Sunshine Mining..

214; Borden (The) Co 22.39;

UPL

Burroughs Add Machine

rush Amer. 01

309%

British_Columbia mec. Cut. Packing Corp.

81-%

Caus, B. of Comin.

Campbell Soup Co.

Canadian Patfile R.

Cat Tractor

Celanese Corp

C. I. T. Financial Corp.

8711

Chase Manhat.... Xank

| Chrysler MUUTE

5472

Clucit Peabody

40%

Colgate Palmoliye Co.

27% Taxa, Ca

Colombian Carbon Co.

47

Buxtron Ing.

1.0545

Commercial Credit

Comulidsind Badison

Consolidated Paper

Conmutsers. Cas

51

38

03

1955 Union Oil of Cal,

di

544 Unlied Airerar!

100

Swift & Co.

8142.22% School Chern.

guind

chicial

30-ays

BO-Y

Bouth Africa

Depurark

Frakend Bwitzerland India

Paklatan

LONDON

Closing rates;

New York

Amatikulipa.

bài thi n

Parla prices all in cents Blockholm “

Vienos

3.00 11/18

| Continental Oil of, Del.

Courok Imperial_brālim

Crown Zellerbach

Amer. Bugar

| Diamond. Gam

12kililers-Bang Paivih.

Dominion #lörge Douglas Aircraft. Dow Chemdry! Dupont de Narjistira Beitirán · Kádak

Sent: City

09/

Tide Water Ou

Time lase ****** Traser Fiberca

Tel-Cont. Warrants

Twendets Century Fox

Voler Carbide

Unton Pacide Railway

Savings 3 1935/45-£9zia. Saving 34 3900/76-84-1/18. Saving 9, 1985/75-478-3/15. Barclay's Bank "A" Ltd ord-tis. Chartered Bank-591. Hongkong-5!**

LIKDAN

Dance

Union. Insurance

25-7/10.

Alreralt ind Motors

Canton-

British Motor Corp, Ord--ja klid. Ford Motor Co-1006 30. .

Breweries

Distillers Cb333 3d.

Building and avaterials Associated Portland

Cement for

Pinchin Johnson Absociates Ord-- 200 2050.

Coal, Steel and Engineering Babcock Wilcox Fid=464 Tihd. Vickers Lid-308 7:50,

Food and Tobacco

Britian American Tob. Co., Ltd- 年糕

Imperial Tobacco Co., Ltd--704.

Micelino

Boardman Had. Ord-18a 90.

Lila od, Britt Oxygen

Canadian Pacific Fly-I,. Hongkong & CalDA GAR–138. Imperial Chenienf=tsa 15. Lyons & Co-30 19:54. Unilever Lid-1200 fyd,

Paper Bowater Paper 101.

Corp

Ord-dis

Hadio and ectricni Asociated Electrical-sier ad. Electrical & MINIVAS–804. Engliate strip Co-176 9. General Electriométa éd.

Wippth Todo-China Steam

Nay. Co. del P&O Siam Navigation def ord

0634 || ord=gia Mi

Great Universal,· Stores “A”~8## "Marks & Spencer Ltda od:

Woolworth-820 30.

Coats J&P LAG=0.9, Courtaulds Ladmin tölid.

Mines Anglo-American Corp of South AFTER--2004, 43fch.

Cone Gibidinals at Bouth Atriku

Cons. Zig Corp, Ordbe.

De Bear der-171a 150.

Pres. Biale, Development & Invest- matilde 41.

Hongkong Tin=br_7140. Petaling Tipus Tijd cor.

Beytham Ranta Cons Lid-290·96, Union Corp 130. Wait Driefontein Goldmining.

British Borned Petróleum möndla.

Mas Growth

21 21.20

700 21.30

100 21,10

300 21.20

21.80

200 21.40

120 o 2140

600 @ 21.

$4.00

9.70

1. Craw. COTTONS

Textile

Nanyan

+

10021.40

100 GA 24.40

15.20 10 1000 15,00

MISCELLANEOUS

INVESTMENTS

14.90

6.70 6,50 4.025

Invest.

A

MOMENT'S THOUGHT

will bring you

INTEREST

and

SECURITY

5%

SECURITY—The Bank's Capital and

Reservés.

SAVING NO Charges, Brokerage, Com

misalon, Fees or Stamp Duties. INTEREST la calculated ont à Daily Basis.

~Le your tioney is eximing 5% from the day yok deposit until the day hol selaskeuw. ASSETS EXCEED £30,000,000

· Asteryal paid witlukt dediction of United kinkite tacoma fjar Write to-day to General Marín pay for your copy of "Bank Deposit Account", Põoklet:26. 46.74

LOMBARD BANKING

· LIMITERY DANKERS

YOGAY