1959-11-13 — Page 2

NOTICE

THE BANK OF EAST ASIA

LIMITED

Notice to Shareholders

NOTICE

No.

19

HEREBY

Vooux

GIVEN that an Extraordinary General Meeting of the above Company will be held at the Registered Office of the Com

10. DeA pany, Road Central, Hong Kong at 12.00 o'clock

of the noon 14th November, 1969 (Satur- day) for the purpose of con sidering and, if thought ft, passing the following Resolu- tion:--

"That it is desirable to

capitulise a Aum of Ten

THE CHINA MAIL, FRIDAY, NOVEMBER 13, 1959.

WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE

ALL ROUND IMPROVEMENT

Wharves Reach

New

High

For The Year

million dollars being part of The stock market on the whole showed

the undivided profits of the Company standing

to

the

credit of the Company's Re- serve Fand, and accordingly) that

of $100-per a bonus share on the 100,000 issued shares

be

Bre

Ik Bank

Lombard

Union

Wheelock IK Wharf

FAROL O

$48

** $5.40

750 $8

Yield (%)

★ The Share Market At

A

Glance ⭑

Up or

Dividend

Oct. 15

Ust. 22

Oct.

Nov. 5

Nev. 13

Down

090

1030

1030

1070

1070

steady

41b

$2A

41:5

M14

steady

90

ать

B4bxd

24

steady

6.45

4,95

8.00

6.70

-80c

121

119b

118

122

134

+$12

HK Docks

55

2014

58

思路

stendy

$5

Talkoo Doċka

1514

2544

3614

30

30

steady

$2.80

Provident

14.80

14.00

14.99

14.80

15.20

+400

$1.10

HK Hotels

313/

2

3141

22

+20c

$2.50

IIK Lands

$8

3742

3814

3714

211

+250

$2.40

UK Really

1.70

1.725

1.725

1.40

1.45xd

steady

150

EK Trams

2014

SOX

3114

J114

3034

50

$2

Star Ferry

132

131b

132b

131b

133

+#2

YRUMASIS

122x8

126

126

126

127

+32

*3

18.00

10.30

19.90

20.20

20.20

steady

$1.10

Electrics (old)

23.80

24.40

20.30

20

24.90

-10c

$1.00

Electrics (new)

22.30n

22.700

Вуств evidence stocks

were

and most maintained

in

Electric (rights)

12.80

18.10

22.70n .14.10n

23.70

23.200

-800

13,90

13.40

-50c

HK Telephone

2014

2014

31

29.006

89.00

+300

B1.70

Q. I. Cement

STU

31

37

3014

38

+$1.50

$3.25

Dalry Farm

204x8

21.88

21.20

20

20.40

+400

11.05

22b

25.00

21.00

18,70%

20.20

..

+ $1.58

$1

21.80

24.10

2414

23.80%

23.30

5-90

$2

634

6.40

8.30

BR

04

-28c

4.625

8.65%

4.78

4.623

4.701

+740

25c

12.10

19.166

IZV

12.80

I2.490

200

8.75

9.60

9.80

9.5ba

9.30

--750

650

14.80

16.90

15.60

15,10

14,306

800

a slight improvement over the week and appears to be building up to a firmer undartono.

A new

Although prices are still below their prok levels mest sections of the Company became is for their share of rises.

is hereby de. į and the same

Cements and Wharves were clared, and that the Directors the main features in price rises.

and they

hereby The former went up to $38 from authorised to satisfy such $30% Inst week while Wharves;

DT $134 high Com reached 100,000 shares of the pany credited as fully paid buyers from a closing rate of

$122 Just week. up amongst the persons who, on the 14th day of November, 1950 are registered na holders of the 100,000 issued shares of the Company, at the rate of one share for every one further

close.

Watsons from their lowest of $1836 went up to $21 and then cased off slightly. Dairy Farms showed slight Improvement over the previous week with signs of improvement

Banks

shure of the Company held by such persons as aforesaid and it satisfaction of such $1,070.

bonus as aforesaid, and the

Bhares so distributed shall be

the

a Armer undertone. The turnover was approximate- Jy $2,589,000.

Wednesday: The market showed

at ile Thursday:

continued from al

Big Turnover

treated for all purposes as an A large durnover In Chinn

nominal Light shares

of

continued during increase amount of the capital of the the week and prices ranged be- Whee- tween $19.80 to $20.20. Company, held by each such locks +150 showed signs of arm- shareholder and not as in-ing up and closed at $5.70. come; and further that such

Interest in Yaumati shares ap- shares shal As from peared to have dled down after Government's awarded 1st day of January 1960 rank being

new vehicular for dividend (but not so as

Immediately after the

new

tender service.

to entitle them to participate announcement the price rose to in any dividend declared Inj$132 but dropped to $127 at the respect of the year ending close yesterday.

31st December 1959) and in

respects

all other PASSU with the issued shares,"

Textiles dropped to $8.80 bui PARI appeared to steady at the close. The rubber section

already slow Improvement.

showed

Market Diary

AND NOTICE IS ALSO GIVEN that the Register of Friday: Shareholders will be cloned from Monday, the 2nd day of November 1959 to Saturday, the.. 14th day of November 1959, both days inclusive,

Dated Hong Kong, this 17th day of October, 1959.

By Order of the Board of Directors

easter

AL

abeller undertone during the half day. session and prices in some instances registered alight odrances.

Tum-

over was $1,243,000. Wharves and Pro- vidents were strong in a bullish market, Utilities attructed buyers. Volume of business amounted to $2,707,000.

RUBBER

MARKET REVIEW

Now York, Nov. 12. Rex rubber futures today closed 90 to 200 points higher with sales of 166 contracts.

Closing prices were firm The Afth straight day of ris- ing prices swept the market to a now four-year peak,

Ch Lighi

A. 5. Watson

Lane, Crawford

Int'l Investment Allled

HK FE Inv Textile Corp Nanyang

General Market Decline

New York,

Nov. 12. Traders took profits in some recently strong electronics issues today after another sharp ad-

The gen vance. oral market clined.

de-

Ampex ran up more than five in the electronics while the re- cent

Motorola fell favourite,

de- more than five. Textron clined Raytheon rose.

Universal Match was one

Recent bullish sentiment, based on the tight supply situa- other specials ruled strong, The market was

tion locally, gained added including Ritter and'' American generally with rates in manypetus with rumours suggesting & Ship Building.

resumption of active buying by sections showing Chins at Singapore and

Indo- slight decline.

Dealers said shipment the close the under-offerings from the East tone remained easy practically non-existent,

Turnover was up entise the local market continued although American Motor gal- proximately to offer

a betler $2.103,000,

eastern shippers.

nesta.

In U.S.

30 Industrialı

15 ti

rus c

644.28

Future commodity price index 152.24

Closing Prices

Abitibi Pwr. & Faper

Alden Inc. Acy

Algoms Steel Corp.

Allied Chemicals

Allied Mix Inc.

A CÉT-ETH

Am. Brake Shoe

American Airline

American Tob

Ansconds Copper

Armco Slee)

Armour....

Asbestos Corp.

Diamond Aticall Diamond Gard Distillers-Seagrass Douglas Aircraft Daw Chemical... Dupont de Nemours Eastern Air Line

201

104%

407

90%

237

0918988888888.4 ̧ | 16.85sgard

London Stocks Marked Up

irregularly

HONGKONG STOCK EXCHANGE

Our Own Correspondent

Business done at the Hong- Long Stock Exchange this mern- ing amounted to approximately Noon $1,300,000.

quotations and the morning's transactions:

Sharts Buyer Sellers Balra

BANKS

100, Bank

INSURANCES

Union XD

Lombard

·

SHIPPING Waterboat WRCIUSK

backs, ETC. K. What

1373 1015 30 or 1075

jas

Back ..... ca

Provident

LAND. ETC.

41.73

1000 ** 3.70 3000 $.80

400 00

700

13:4 13.30 1430

K to 1.15

IIK Lend

Thptrevi Realty All

וג

33.50 1900 ₫ 15.50

32 800

31.15 31% 2000 » 28

18.00 10.00

10% 15... RUNDER Amalg, u 3.70

Tinut

Simgala UTILITIES

Tram ***

Mar Ferry Yuma!

C. Light..

4.00

3.30

37.75

1100 60 58

€ 1.9 3000010

3.80 2009 in 3.70 2300 21.70

500 7 490

3000 M 4.90

207 4.05

.31 31 12:00 # 31%

#

134

129

BOD 31%

100 127

70 H 127

ឥត

20 20.70

100 120

100 IN

300 or 20.30 830060

2000 20.00

1000 A 200

3000 20.00

870 4120.00

Electric.... 24,00 23 2000 + 24,90

Bonu

F# 13.50

Maceo E... 11.20

108 13.50

Telephone. 29.00

30 1000 20.90

1300 20.20

INDUSTRIALS Cement....

higher today with Indus-Repe ..... 13.00

STORES. EIC,

trials continuing to lead Dairy 20.30 20:00

the way.

Eastman Kodak

131.44

El Paso Natural Gas

66,37

Family Finance Corp.

211.02

Firestone Tyre & Rubber

1356

First Nat, City Dank

83

Ford Motor

703

London, Nov. 12.

Georgia Pacific

40% Stocks

moved

General Dynamics

4536

General Electric

$ 34%

General Foods

43%

Gen. Pub. UHL

Getty ou

Cliddes Co.

Goodrich B. F.) Co.

Goodyear Tyre

127

22

Gulf O .......

11842

Hamtnond Organ

Во

Reyden Newport Corp.

18

Hiram Walker

Homestake Mining Co.

109

General Motor

38 11. Gen. Tyre & Rubber

JB

10 Grumman Atreraft

40

100%

28

NA | Hussman Refrig.

$291 | Idaho Power 50%

Imperiet 01

17

34

Kansas C. Power & Light

Liggett Myers Tob. Co

Blue chips were especially favoured along with the steels. COTTONS

Stares, textiles and bank shares

all gained coisirable ground,

were

Government bonds moved Foreign bondis SSL lower.

quiet and dollar stocks mixed.

Gold shareS were quiel but firmee where changed. Copperts 771 drifted lower, but fins

moved uoward.

28

again

500 29.00

200 20,00

月

ARA ESAR 2822

XXBER B*X 988

བྲཱཊྛཱཝཱཝཱ།

8208

Waters...

20.20

L Ctzw....

Textile

있습

8.00

1000 8.00

1000

+

2000 6 8.90 500 8.00

Nanyang

14.00 14.40 1500 is 14.40

1000 14.40

2000 kr 14.60

1000 14.10

2000 14.20

1000 5 14.10

500-21.20

1000 7 01

4.70

12.70

MISCELLANEOUS Ch. tert. 23.00 Vibro 14.40 INVESTMENTS Int

Invect.

Oils were narrowly mixed

JK & FE made a strong while rubbers showing on a price rise in the ectramodity-UPI.

Closing. Prices

Ofileoga↑ Bonds

British Transpori 3. 1978/A

Console £59.

Coriols E

Conversion Lban DIVA 1900 LOTY.

U.S. INVESTMENT QUOTATIONS

Am. Cable de Radio Corp. Americas Cyramid Co.

Am. & Forg. Power Am. &éctric

Am. Hoje Prod

of

Am. Mach. & I'dry. American Metal

the day's best gainers. Several

Am. Natural Gas

in-

American SenDELING

Am Sugar Bet

289 | Ingerso01-stabl

47

American Tol & Tel

18

Inland Steel Co.

100

; 1511 Bustbess Machines

Int'l Harvester

Motors Lower

726

International Nickel

100

331%

International Paper

15432

172%

Int'l Tel & Tel

were

General Motors be: motors lower late in the

led

Lao

Atle Cone. Mining

109

Johne-Manville Co.

Baktwin-Liina-tiani.

15

day

Kaiser Industries

Baltimore & Ohio

33%

Bank of Monstrum)

STACH

Kennerett Copper

outlet

for ed support after a decline.

Booch Life Savam

Du

Beneficial Finance

233

Kimberly

Click

Monday:

Tuesday:

Hulkiay.

the

A

KAN TONG PO,

Chlef Manager,

trongocted.

Pont with a loss of more than Bendix Aviation Corp.

| Bethletiem Steel Spot No. Iss was quoted at two points brought the chemi-Benguet Cons

cals down. Steels fell one to i Boeing Airplane 401⁄2 ceals. The markel opened

more than a point Southern Borden (The) Co.

Burroug Add Machine after the holidays

In Singapore,

market Pacific wus

F of more than

Brium Amer. Du with a substantial opened eleven cents higher and point in the rails.

heavy amount of business moved erratically with being

with alternating

30

Lily Tulip.....

本コ

Lockheed Aircraft

Loews Incorp........

Lone Star Cement Co.

51%

Lowenstein & Sons.

****

McDermott J. RAY

British Columbia Elec. Calif. Pocking_Corp. Cana, Bk at Cumm Campbell Soup Co. Canadian Pacille B. Case (3, 1) (0. Cal. Tractor

382

McDonnell Alteraft-

81

Metabt Iron Corp.

3519

38

Minnesota Mining

149

Lear

504

Manion Development

201

1959/00

2541

Monsanto Chemical Co.

309

21

Motorola Inc.

13)

ET- Stock

317

National Biscuit Co.

Eyed

Funding Logh

BİSTS, 1990/2004-

47.

1900/00~~

7.21

Celanese Corp.

National Cash Reg. "A"

0474

CIT. Financial Corp. Chrysler Motors

56

National Dairy Prod,

Am Bus 8hrs Atom Dev Mut

4.30

4.00

5.28

5.74

62

National' Steel Corp.

$3

Bullock Fund

12.99

14.23

Citet Peabody

451

New York Central

Canada Gen Fd

1422

15.NT

Colgate-Palmolive Co.

Norenda Mines Lid,

Canadian M

17.32

18.7%

Colombi Carbon Co.

50% Norfolk & Western Ry.

Canadian Int Growth

0.03

10.54

Commercial Creat

6134

North Amer. Aviation

Chemical rd

1123

12.45

Consolidated Edison

SUT

Northwest Airlines (Com.)

d.

·

Comwith Block

10 U1

10.31

Consolidated Faper

Olin Mathieson

Dividend_Sh

1.08

12

Conner Gas

2415

10

Our Flevalors

7710

Interes

Dreyfus Fund

14.40 15.75

Continental Oll of Del.

Chwen-Illinois Class

Cosmos Imperial Mills

435%

Crane CoPARAN

Oxford Paper Co.

4915

Union 23-710.

Insurance

Canton-

Electroales Inv

Eaton dei, Sock

22.99

24.35

7.53

10.63

Pacile Galà Elec..

股

Crown ZERestach

3.00 3.03

Pan American Airways

Cuban Amer, Sugar

18

Paramount Pictures

Parke Davis Co.

10.58

11.8T

436

Penny J. C. Co.

Penn, Salt Co

00%

Philip Morri

Pitney Bowes

2016

Procter & Gamble Co.

Pittsburgh Plate Glass

8312

Publicker Indurites

Pure Old

12.20

Iakit Incorne

0.43

7.25

Invert TT Boston

11.58

12.44

Kaylone Cust 32

Kaystone Canada

23.38

14.47

A Jo me

15.50

14,77

Growth

13.97 15.15

Sider St & Cl...

19,73

10.73

1045

17.03

1423

18.03

***

The following are U. 8. in- vértments Iri Aiñerican dollars. Buyers' prices include cominis. sion:

Sellars Buyers

Amliated und

MOMENT'S THOUGHT

will bring you INTEREST

and

SECURITY

SECURITY

5%

The Bank's Capital and Reserves.

SAVING-NO Charges, Brokerage, Com-

mission, Fees or Stamp Duties.

INTEREST is calculated on a Daily Basis -Le. your money is earning 5% from the day you deposit mill the day you withdraw.

ASSETS EXCEED £50,000,000 Merkki jail wohnt deduction of United Kingdont inc@em tak Write to-day to Uggioral Manager for your cooy of "halk Deposit Account" Booklet No. AQ.74

LOMBARD BANKING

Head Offer

LIMITED DANKERS

Lomaka MOVES, DEKČNÍ BYKSET

› PÁRK LANE, LONDON W11.

A Wiriigipoika Mankkii abil Finncé Organisation

shortcovering rot-taking.

The

continued afternoon extremely active with large and offerings well absorbed

continued in- buyers showing icres!.

Lower thecis were generally neglected with turnover large.

In London, the rubber market was frm with spot quoted at 39% pence.

In

Amsterdam, the market was steady today. --UPI,

Yesterday's Closing

Oils

Barber were except lower. Metals balanced on

gain moderate-sized

lesses.

Today's volume was 3,600,000 thares,

Of a total 1,197 issues traded 421 wore higher and 575 lower. American Exchange volume was 1,440,000 shares.

Bonds volume amounted $5,250,000.

Dow Jones closing averagey were;

COMMODITY. PRICES

RUBBER

NEW YORK

Rex rubbet

future closing prices, all in cents per lb.;

Nov: 40: Jaen: 48.55; March: 41.50; May: 9.88; Jufr: 38.85; Sept: 38.40; Nav: 38,

SINGAPORE Closing prices cents

No, 1 Nov.

PLT Ib

borts:

No. 1 Dee.

No. 2 Nov.

No. Nov.

No, Nov.

Blanket crepe

COTTON

NEW YORK

Closing prices all in cents per

lb.:

nom:

METALA

NEW YORK

Closing prices, all in cents per

| 1b.1.

Léad Dee: 11.50; Jan: 11.05; Zinc 32.80 Spot:

Dec: 32.17 Dec 1187: Jan: 15.871 Copper Dee: March:

2321; May: 33.45: July: 3521; Jatt: 33,05: Tin Dec 101.73; 33.04: Det: 30.08; Dee: 30.81; Mar: Jan: 101.74. 30.64.

LONDON METAL ·PRICES

Radio Corporation

Radio Corp. Pret.

Haytheon

Republie Steel

Hayolda Metat

Royal Bank of Canada

Staru, Forbuck & Co.

Bhall 01 Co.

Safeway Blores

Bain! Her Paper

Schenley inte.

Scott Paper

Singitte bi

Omith, Kilor & Fresch

Bocoly Mobil Oil

Bolat Alte

Bouth Puerto Rico Sugar Southern ca, (TM)

Southern Natural Gas Soutien Hallway (Com) Standard Brande Standam Oil at Cal. Standard Oil of Ind. Bleal

Stand Canada

Afternoon Session Closing prices, all in storing | Sleep Horic ****** Sterling Drur Co-

NEW ORLEANS Closing prices all in cents per per long ton.:

Tin

Buyers BeBeth Stokely-Van Camp.

Blond & Webster”.......

200

7981

all in Stralis fo.b. Malayan

Ilb.:

.

Spot: 31.15: Dec: 32.78; March: 33.19 May: 3344: July: 13.02: Det! 30.03: 3089; Mar: 30.82.

Apot Bimonth Copper

Spot 3-month Lead at hair Nov.

Zine 1st half Moy.

-7136

Feb.

26

1311-1312 1271-12312 121-12316 Bpot rubber unbaled 140×15 nuth.

18-120 155-137

Ks. 1 pale erepe

SAO PAULO (Closing, prices all in cruzeiro LONDON Closing prices all in pence per kilo); per lb.: No. 1. Has pot

Settlement house term

Nov. Deer Jan./arch Apri/June

General markets.

ports:

Not:

Dee.

Astate crepe

thin Nov

tuck Nov.

AMSTERDAM

30-3015

Closing prices all in guilders per kilogram, cll. Now,

No,

| No.: 5 rubber

No.

Deo: 16: starch: 14.50; May: .35.50. Average price in US, at 14 designated spot markets: 31,58 cents; Total sales: 108,401 bales

LIVERPOOL

Closing prices all in pehce per 1b.;

Amirtean Conirati :.

Dec/Jan: 21,85;

Marti/harili

May/June: End: July/Aug. 22.25;

. פפר

FORFICA ENCHANGA

LONDON Closing rates; New York

DEDIkeal

/ 21.15.

:

Minél Cantraci

Brussels

Copenhagen

horst. noin.

tockholm

3.90 nom.

De Nov: 21 30,

-UPL

Decžjah: 231 martlyApril: k270; | Zatriots Mazag? teves (MS) FRIYAGET: 2.10;

Bludebaker-Packard Corp,

Sunshine Mining

Texas Co.

Textron Inc.

15.tribke! Cham

Tide Water Ch

Time Inc......

Traders #

Bolt Tri-Cost Waluty Fox Him

Twentieth

Unis. Carbid

Unja Oil,

Cal

Union Pacino Tatiway

Uniwa Airerati

United, Fruit,

Unlis. "Ok"Corp.

Ubnih 13: Line Co. UB. Rubber UB. Amelung

Wabahdues Air BrakO worth house Electriu Meulent Union Tel Co. WPulp & Paper

Labith Bhalo

Savings 3. 1945505-29234. Savings B%, 1960/70—26$6. Saving, 1995/75 £78.

Blanks

Barclay's Bank "A" Ltd ord-05

ød cor.

Chartered Bank-108

Hongkong R

Aircraft and Motors British Motor Corp. Grd-20s

2214 115

40

I

Ford Motor Co-108 10% (correct)

Rootes Lid "A"-10# 5d.

Standard Triumph Internationa

Brewarfen

Diler Comma Bat

walising and ifateriale

Associated Portland Cement-790

10 Jahren Arbelated Ord-

Coal, 2000) & Engineering

Babcock Wilɛca Lid the As Vickers _Lid-20% 1907).

rond wha Yolaceo British American Tos. Co., L નર્મ

Imperial Tobacca

34.

Co., Ltd the

Miscationės Boardinen Marden Lid-1 11118. Brith Oxygen Ltd. Ord—19% 36. Canadian Pacific Ur $17, Damlop Rubber Contis tid. Hongkong & China Gana. Imperial estiloal-56a 63. Leons à CoMILEY Unilever Ltd 150 sd.

Bowater Paper Cup OrG–09). "Bada and Kiýekėjams Assaelated Electrica od. Electrical & Musical -20% 735 d. English Electric. Lu-809). General Electrjo-čie zdr

Uhippin"). Leo Chitte We can ho, tự đạt

Ort: 318 30.

„O Steam Navigation des ordi-

Found Mut Fd Hamil nd Institutd

Inett Growth

C-T

Nest Seg Ser Growth Tuler 21 14. Value Line

Wellington FA

NEW YORK

cotton.

COTTON MARKET

New York, Nov. 13.

onto futures, moved

Kigher ground today for the third semion in a row.

Closing just under the day's best lovela the list showed net gains of nine to 18 points. The market opened up threo : to off two points.

New Drieaba closed 10 to 18 paints hither.

Prices gained a little more "Biores "Adda | momentum on the upside r

Great Universal Marks & Spencer, Lid-idas Bid, Woolworth I. W. B 7154

Coat Courtaulde

Pitdude 1164. LiG-0

Abdo-American Carp ot

fecting persistent covering by Costrado interests and commlimion

Bautis Con Goldness of South Africa Con the Corps, h From Biale: Developlus: & idvent-

HOMEPY. Kuna Cana Lad-du ki, Viken

Goldmin

West Rand Cognath find. :Dhlari. İsgenau. "Petroleum, Myndi

house, Pert of it evening up before set toties day for. Dè- porber Nor

Trading volume and byen ju terest- were:-

Month

Des

Volume Open interest

10,200 329.8

10.100 100.00

Exchange Rates

He was done is the koal

this