1959-11-20 — Page 2

Pago 2

OFFICIAL NOTICE

Proposal to change Ship's

name

1, R. Keiortaon of WALLEM

& COMPANY LIMITED,

HONGKONG, hereby give notice that in consequence of Company Policy. I have applied to the Minister of Transport and Civil Aviation under Section 47 of the Mer- chant Shipping Act, 1894, in respect of British ship "RIVER NORMAN"

of

THE CHINA MAIL, FRIDAY, NOVEMBER 20, 1959.

WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE

London Stocks

MARKET REMAINS STEADY Improve

HONG KONG REGISTRY Omelat Number 189726 Gross tonnage 0458 tons Register tonnage 3782 tons, heretofore owned by HANG FUNG SHIP. PING

Co., & TRADING LTD. for permission to change her name to "TUNG FENG" and to have

her

Wharves Again |⋆ The

The Week's

Main Feature

HK Bank Lombard Union

Wheelock HK Wharf

Yield()

Again ⋆ The Share Market

Share Market At A Glance ⭑

Up.or Dividend

Oct. 22

1030

Ool. 28

Nov. 8

Nov. 22

1050

1970

1070

Nov, 15

10600

Down

Bonti

steady

4.3

4134

41162

stendy,

$2

87348

#7b

84 berd

84

84

¿

steady

$3.40

6.95

6.00

6.70

815xd

-200

750

1196

113.

122

134

114

+310

$8

HK Docks

6534

AB

58

51

6734

-500

35

Talkoo Docka

3812

3614

36

36

374

+$2.50

$2.80

Provident

14.60

14:90

14.80

13.20

18.00

+400

$1.10

HK Hotels

32

312

22

32

+$1.25

$2.50

HK Lands

371

3814

3714

3736

384

+780

$2.40

1.723

1.725

1.60

1.45xd

1.375

150

1031

111

30%

31

+750

42

1316

1326

131b

133

134

12#

128

123

*

127

130

+0.

19.30

19.90

2020

20.20

20.10

$1.10

24.40

24.90

25

24.90

24.80

-10c

51.90

20.701

22/100

23.20h

23.20b

steady

13.10

14.10n

13.44

13.40

steady

HK Telephone

2014

31.

20.00

30

+100

$1.75

G. I. Cement Dairy Farma

$7

37

3614

38

3814

+250

$8.25

21.80

21.20

ZO

20,40

20.000

+4-200

31.58

A., B. Watson

25.00

21.60

18.70%

20,20

20.30

+100

Lane, Crawford

2489

2014

23.89%

23,30

23.00

+-600

$

Int'l Investment

4,40

6.90

63⁄4n

01%

6.35

150

650

5,654

4.70

4.625

4.700

.4.70b

steady

250

12.105

1234

12.00

12.40b

12/1

+100

996

0.00

9.30

.9.55

15.80

15.10

8.80 14.30b

+-200

850

13

+700

700

registered in the new name Sustained buying has kept the local share

at the Port of HONG KONG

as owned by WALLEM

COMPANY LIMITED.

Any objection to the pro- posed change of name must be sent to the REGISTRAR OF SHIPPING nt HONG KONG within SEVEN daya from the appearance of this advertisement.

Dated at HONG KONG the 19th day of November, 195U.

WALLEM & COMPANY LIMITED

R. REIERTSEN, Managing Director),

OFFICIAL NOTICE

Proposal to change a Shigje

nume

market fairly changes in most sections.

steady with

HONGKONG

STOCK EXCHANGE

1

Our Own Correspondent

Business done at the Hongkong Stock Exchange this morning amounted to approximately $1,069,000. Noon quotations and the morning's transactions: Shares Buyers Rellers

ILK Bank. 1000 1070

INSURANCES Union

83 831!

BANKS

We, Hemisphere Shipping Lombard Company Limited of 26A-26 SHIPPING Printing House, 6 Buddell Wheeleck

X.D.

Blen

151005

120 10

7000

6.43 3.0 2900

300 5.53

Street, Hong Kong, hereby DOCKS, ETC. give notice that in conge K Wharf 147 143 quence of the change of prov ownership of the vessel,

the

Deck

15: 15.70

100 15,70

31.

Ta.Koo we have applied to

LAND, ETC. Minister of Transport under Hesel 32% Section 47 of the Merchant

Tran

1230v 15.00

203 204

little

Feature of the week's trading has been Hongkong & Kowloon Wharves which, despite the nn- that nouncement

proceeds of any sale of the company's real estate would not be distributed amongst shareholders, has risen another $10 on the week.

Barks have remained steady while in other sections prices have hardly changed.

A fairly large amount of busings has been transacted in Utilities but with ittle effect on prices.

Іл Stores, Watsons and Dairies have remained pretty much the same. A slight rise weck in Dairies earlier in the failed to sustain.

Coltons attempted to rally earller but eased off at the close. Rubbers were fairly steady.

Turnover for the work over

aged around $2 million a day,

Market Diary

Friday:

10038 Monday:

JIK Realty HK ITAMIN A Star Ferry Yaumalla Ch Light Electrics (old) Electrics (new) Electrics (rights)

Allied

HK FE Inv Textile Corp Nanyang

16.90

י

23.70

13.00

20.000

--100

$1

-8805793833637 | |22731820se

STRONG SUPPORT FOR

New York, Nov. 19,

Stocks met strong support in moderately

active trading today.

Leading steels, rails and elec- Campbell Soup Co. tronics were bid up from their Canadian Pacifle R.

Case (3. 1.) Co. opening levels as many of the cat. TIRELE major industrial categories Celanese Corp.

C. 1. T. Financial Corp. nined in the rise.

Chase Marshal. Blank Chrysler Motor

Sustained buying of Lands, Lights and Providents coupled with the rise of Banks in London caused an all round Youngstown added a point in Improvement. Turn- the steels and New York Cen-

over นาย around tral more than half in the

$2,400,000.

Textiles were frm while Lighta and Watsons were de

Turnover

raila,

Closing Prices

approximately Abitibi Pwr. & Paper

pressed. WSB $2,004,000.

The market gener-

ally maintained its

firm undertone

with prices on the

Alden Inc. Acy.......

Algoma Bleel Corp.

} Allied Chemicals

Allied Mills Inc.

Allis Chalmers ... Ain. Brake Shoe American Airline

whole, showing Am. Cable & Radio Corp ittle change. Tum-American Cyanamid Co.

Amer. Forgn. Power Over was $2,011,000. Am Gas & Electric Wednesday: The market gener-

Am. Home Prod. ally displayed Am. Mach. & Fdry, firm tone

American Metal Am. Natural Gas American Smetting

33

000 3.50

500 x 30.5

Act, Shipping respect

of "INCHULVA"

1894,

1000 22.73

In

100 22.75

KONG

the steam ship us ond

HONG | Humphreys of

Really REGISTRY Official

R. Number 169812 Gross tonnaga RUBBER

Adele. 3934.96 tons Register tonnage

Trast Sungula...

2000 is 32.75

34 315

0003814

18.00 (10

Tuesday:

1275 140

.. 12:10 100 3850 z! 13150

r

3.725 3.80

4.90

5 1000 100

1,0 10000 1,00 10000 7 1.30

33.75 100 31.75 200 31.75

10) 124 100125)

10.0 20.30

800

20.40

300

20.00

500 20.50

There Was

2000 - 20,00

2500 ( 20.00

$4.00

200

24.80

300

Muchu F Telephone

Bonus 23.30

Nl. 13.50

.. 11.30

9348 23.40

long Kong,

to change her

nume

name at the Port of HONG

OF

he sent to the REGISTRAR

SHIPPING

24,50

250 44 23.50 1107413.10 1030 13.50 Di je 11.40 30.30% 1000 2014 500 2012

30 384

104231 2010 0 387%

STORES, ETC. Dairy

2014 20.7

1000 m 20.0

M3.00

500 20,00 1003 / 20,60 24 2000 ( 23.80

$30 1000 AD 13.30

1133.12 tons heretofore own-

ed by Williamson & Company Kelentan Limited of P. & 0. Building, UTILITIES

for permission

143 to Star Ferry

129 130 20.50 20.00

Yaumati

"HANSFORD" and to have, c. Light her reglstered in the new

KONG as owned by Hemis- phere Shipping Company Electric ....

Limited.

Any objection to the pro- posed change of name must

at HONG INDUSTRIALS KONG within SEVEN days Cement .... from the appearance of this advertisement.

Dated at HONG KONG the 18th day of November, 1959,

HEMISPHERE SHIPPING COMPANY LIMITED.

Crow.

COTTONS Textile

NINCELLANEOUS Vibro ... 14.40

NOTICE TO CONSIGNEES NOTICE TO CONSIGNÉES

"DALDEN"

"PATROCLUB"

Damaged cargo ex this vessel will be surveyed by Mears Paulsen &

Holt's Whart Bayes-Davy. Lid, al 10

Damaged cargo ex una vessel wi be surveyed by Mesurs Wood Be Browne ot Hafta Wharf from am on November 21, 1939 and con- algece are requested to have their representa liver present during survey.

BUTTERFIELD & BWIRE. Agents,

Hongkong 19th November, 1960.

from 10am, on November 21 and 3, 1939 and consignees are required to have their representatives present

during the survey.

DUTTERFIELD & BWINKE Agents. Hongkong. 10th November, 1950,

the

Thursday:

during

the half day session

and prices in some Am. Sugar Ref. instances registered | American Tet & Tel slight advances, American Tob.

demand

Wharves,

amounted 10

a good Anaconda Copper

for Amaco Steel

ap-

Armour Business Asbestos Corp.

Allan Cons, Mining proximately Baldwin-Lima-Itam.

Baltimore the Bank of Montreal ...... Bank of Nova Scolta Beech Life Savers

$1,502,000.

In a day of moder-

Ohio

ale trading Wharves Bell Telephons were again in de Beneficial Finance mand while Cotton Bendix Aviation Corp. chares cased aff Benguet Cons

Utilities Bethlehem Steel

lightly.

Boeing Airplane held despite same Borden (The) Co. selling pressure at Burtaught Add Machine the close. Turn-British Amer. Ol

Over

British Columbia Elec. was appro

Call, Packing Comp, ximately $1,886,000. | Cena. Bk. of Comm.

Yesterday's Closing

Cluell Peabody Colgate-Palmolive Co. Colomblas Carbon Co. Commercial Credi Consolidated Edison Consolidated Paper

Consumer Gde

Crane Co. ...............

3741 Douglas Aircraft

Dow Chemical

Dupont de Nemours

341

50

168 Ford Motor Co. of Cane.

5614

NY STOCKS

Katser. Industries

Kama C. Power & Ligh.. Kennecott Copper

Natimal Steel Corp. New York Censtand

15% | Saint Reg. Paper 4835

Schenley Inc.

10% Scott Paper

Binclair Ou

Studebaker-Packard Corp

Swift & Co.

Tax Co.

Textron Im

201

7912

54%

Liggett & Meyera

Kimberly Clark Tob, Co.

Smith, Kline

French

Alb

147 Tulp

Socony Mobi! Oil

Lockheed Afremmet

30%

Solar Aircraft .....

in

40%

Loews Indorp,

.

0931

South Puerto Rico Sugar

1914

Lone Star Cement Co.

Southern Co. (The)

ATR

Lowenstein A Soris

10%

Southern Natural

GM

GoMeDermott J. Ray

2345

6.99

Mic Domien Airtout

1

Standard Brands

Bouthern Railway (Com

357

38%

Me Iron Cor.

J'

Standard Dil of Cal.

199

Minnesota Missing

14722

Standard Oil of Ind.

30%

Mixton Development

Standard Qu of NJ.

4015

Crown Zellerbuch

63

Molworm Brewers

24

Steel. Co. of Canada

Mocranio Chemical Co.

001

30

44

Cuban Amer. Sugar Diamond Alkali

10

614

Montgomery Ward

51

Steep Rock

112%

Motorola inc.

1485

Sterling Drug Co.

514%

119

30%! Diamond Gard

Dominial Stores

National muit Co.

Stokely-V

Cam

50-

Nurtional Cash Reg. “A”

#<T

Blone & Webster

Nationary Prod.

492

DO

National Zach

100

Bunshine Mining

238

921%

24%

Eastman Kodak ....

10%, | El P480_Natural Gas. BOX

2811⁄2 Noranda Mines Ltd.

Think: Chem.

Family Finance Corp.

28

Norfolk & Western Ry,

Firestone Tyra & Rubber

135

Tide Water 0:1

North Amer, Aviation

?

48

First Nat. City Bank

5412

Time Ine.......

Northwest Airlines (Com.)

17य

Oun Mathieson

471%

Tradery Finance

Ford Motor ......

77%

Tri-Cont Warrants

Othe Elevators

78

24

Chwen-Einole Cha

Twentieth Century Fox Film

491%

Union Carbide

Oxford Paper Co.

Union Oil of Cat.

Pacific Gas & Einc.

43

Union Pacific Hallway

304

#31

Pan American Airways

2144

10212

Parmount Pictures

52

United Fruit

Parke Davis Co.

33

25

201

Penny J.C. C.

1182

UB, Poll "B"

371

Perin Salt Co.

42

时

Philip Morris

58% US. Line Co.

3. Сура

100

20%

1341

Piney Bowes

30

S. Rubber

Procter & Gamble Cb,

4. Smelting

ZZ

10155

Pittsburgh Plate Glass

DQ

US Steel

Pühlicker Industries

US Steel 7 P.C. P.F.

2011

272

Pure Cul

35% Warner Bros.

70% em Walker..

391

Radio Corporation

Waukesha Motor

334Homestaka Mining Co.

40%

Radio Corp. Prol.

41 Human Refrig

1924

Bardhos

2016 Idaho Power

47%

Republic Steel

713) | Imperial (5)

291

Reynolds Metal

11 Ingersoll-Rend

Royal Bank of Canada

5415 Interchemleri Cord.

3711

32% Inland Steel C2, pen

40

Still Oil Co

30

Ini Business Machines

4083

33%

Int Harvester

International Nickel

1002

6012

372

Gatineau Power

673 Georgia Pacific

a Cenoral Dynamics

2714

77%

General Electric

General Foods

General Motors

1014 Gen, Pub. Ull.

112

701; Gen. Tyre & Rubber

Glidden Co.

35

Cedrich (B. F.) Co.

27 Good your Tyle ...

15

Grumman Aircraft

Gulf Oil ........

40% Hanunotid Organ

BO

Heyden Newport Corp.

International Paper

Ini Tel & Tel Johns Manvilia Co.

401%

8014

Bears, Roebuck & Co.

Bateway Stores

Dalted Aircraft

United as Corp.

2075 | Weetinghouse Ale Brake

Westinghouse Electric Western Union Tel. Co.

001% West Va. Pulp & Paper

Winn-Dixie Stores

Woolworth (K. W.)

73% Zenith Radio

354

80

307%

London Rubber

5424

COMMODITY PRICES Market Squeeze'

38.90 traded 38.00 b

37,25 b 26.85 b

In pence

Total tales: 213,121 bales.

July

LIVERPOOL

May

Sept.

SUGAR

Closing prices all In pence

Nov.

per 15:

LONDON

American Contract Dec/Jan: 22.10; March/April: | per lb. 27.50) May/June: 22.75; July/Aug: No. 1 Re spot...** 23.55; Oct/Nov: 2150.

Settlement house termi

Closing

prices all

Dec....

3175-814

37-3714

Dec/Jan: 23.15: March/April:

Jan Mor

23.06:

April/Juno

NEW YORK Closing prices all in cents per

J.

Mixed Contract

May/June: 23.10; July/hang:

22.60; Oct/Nov: 21.05UPI.

METALS

NEW YORK

Closing prices,

1b.:

Contract No. 4 (wortd)

1.976

Manch

3.05

May

3.05-05

3.00

Skept

Oct.

3.105

Jen.

iMarch

3.21-22

Spot-to.b. Cuba)

Total Bates: ind contracts.

Open internet: 8,427 contracts.

Contract No, G (domestic)

perib.;

Now,

5.005

Jon.

6.00

Dec.

Jan.

March

May

5.756

Dec

Spot-(CAL, NY, ex-duty) 430

Jan.

TOLA RACES 10-COLLANET.

Copper

Open Internet: 1,415 contrasts—UPI.

Des

per long ton.

Copper

Apot

Donth Lead out hai?"

Nov. Heb

חרתי

all in cents

LONDON

Judy/Sept

On Dec

General markets, cit. basis, porta:

Dec.

314-373

thin Dec.

Wilck Dec. *****

AMSTERDAM

Closing prices all in

42 port.

41 mellers

Still Continuing

London, Not, 20.

The Financial Times said in a leading aftlelé today that the "squeeze" on the London rubber mar. ket is still continuing.

London, Nov. 19. The recent small selling slackened somewhat in stock markets today and the general tone im- proved. Buying, however, wan highly selective and In miny cases pricem failed to hold their best loveld.

Glit-edged enjoyed a good Investmerit. demand and the finds showed fresh gains of up to %. The medium dated stocks recorded the biggest rises, In foreign bonds Greeks lost their \nitial amaligaina. Dollar siocles went ahead after yesterday'a better session on Wall Street,

Many industrial equities a firm start slipped back after and this was particularly notice- iable in steel shates where South Durbam actually closed lower after opening

En- tugher. Eineering shares made a good showing.

and

Oils moved narrowly closed with a mixed appearance, Rubbers wern irregular— UFI.

Closing Prices

Gledged Balda

Britan Transport 3%, 1972/55

£20-3/16,

Console - 62-ȧ/16.

Console EIII.

Conversion Lean Due 1000

€61-9/16-

Fredding

£88-13/10,

Loan

3% 1959/0

Funding Stock 34 100/2004--

£79-1/16

Funding Lot 1960/90--ESK Savings 3%, 1909765-2023

Saving 326, 1900/Tom By Savings 1988/75—£78+1b/10..

Bankt

Barclay's Bank "A" Ltd ord- Gig 50.

Chartered Bank-Ms 9. Hongkong-E3011

Insurance

Union Insurance Canton-C-5/16,

Alteraft and Maters

Drikh Motor Corp. Ord-20 91.

Ford Motor Co-11

Rootes Lid "A"-10-

3d.

Standard Triumph Internationel-- 10% $150.

Brewerian

Duifiers Co-34 Pd-

Building and Maberiste Associated Portland

740.

Coment-724

Pinchin Johnson Associates Ordfrom 21 450, NA...

Jol, Steel. and. Engineering Babcock & Wikox Ltd- tyd, Vickor Li==# 99.

Food and Tobacco British American Tob. Co., Lid

Imperial Tobeco

Sifscellanious

Boardman Karden Ltd- 1018. Billish Oxygen 120. Ordom

Canadian Pacific Riy-$40 Dunlop Rubber Comte d Hongkong China Gas-13. Imperial Chanical-bda 1014. Lyons & Com 06.

Ed,

Unilever Lill per

Bowater Paper Corp Dad—08%, ·

Radio and Electrical

Asociated Electricaj-62a ed.

od,"

Electrical & Musics)-789 4.

English Electric Co-44 General Electric-4 d.

Skipping

Indo-China Steam Nav, Co. del ord-31 L

PO steam Navigation det ord

Fiores

Great Universal

Stores "A"-81€ Marke Spencer-Itch Thed. Woolworth FW Condit

Textiles Corts 1-3 od. Courtaulds Lid=87% Dd.

Nico

Anglo-America's Corp of Africa177 03.

South

Cons ColdBelde of South Africa

Cons. Zine Corps - Ord=723 84.

De Beers delfous 105%d. Free Biate Development & Invest- tmentde 10160.

Petaling Tir7# Randle ad.

Southern Kinta Cons Lid-330 d. Union Con—700 1360. West Delefonte "Goldmining- 100-9.316x

West Band Cocafla Ind.

Bthith forneo kim ndiw -

Billin Petrolali bon, Lidism Burmah45 38:

Royal Dutch Petroleum. shell Transport 3d-Reuter

*S. INVESTIMENU

QUOTATIONS

*Fim foilowing 16.1.3. Invest-

the since August without any di Ciling market sources. artiele said that a few dealers of weakening, the paper added: guilders in London havo rubber due to And while the squeeze is 'old: | menth in American dilara. Buy-

thern for

under centrated in "nearby" trading "FF ofïèës InElutas cömiinission." delivery market contracts while a much positions, the more "distant"

also risen sub- | Amiiksi. Larger number of dealers are futures has committed to deliver

per, kilogram, cií. Nov,

No. 1 rubber

7.00 uom.

3.00 m.

No. 2 rubber

No. 3 rubber

Ho, 1 crepe

11

11.45b 11,630

ឃា

100.23h

Closing prices, all in sterling

P&O

R.M.S. "CARTHAGE” EMBARKATION NOTICE

For United Kingdom via Singapore, Penang, Colombo, Bombay, Aden and Port Said.

EMBARKATION: Passengers should embark between 2.80 and 4.00 p.m. on 20th Novem- ber, 1959.

COTTON

At 3.00 p.m. on 20th November, March

1959.

Should be sent to Hongkong & Kow- loon Whart Co's Godown. (No. 2 Gato) by 8.00 p.m. on 19th November, 1958.

NEW YORK

Closing prices all in cents per | Zinu, 2nd half

Spot: 31.85 natha Dec: 32.70; May! 341: July! $2.38%. Cet: 30.71; Dec: 30.07; Mar: 30...

NEW

SW ORLEANS Closing prices dil in cents per Abot: 21.30; Dec:: RAI; March: cet; soubes: 20fin; Mat: 31KG.

(SAO PAULOMDA (Closing prices, nil in cruzeirý

per kilo)!

verage pace Ink 1.8, as

BAILS:

BAGGAGE

ל ודל

(SUBJECT TO ALTERATION)

1h.

ded

ated: spöt märken;"

Now,

Buyers Sellers

243

244%

RUBBER

YORK.

B01

3.41 nom 4.00 m.

UPI.

FOREIGN ENCHANGE

NEW YORK Closing rates:

Canada England

oficial. 30-41

so-daya

Austron

New Zealand'

|porth- Atrica -

Belum

Switzerlan

Closing New York Montreat Assetegem

tockholm

Zurich

LON

1.09-21/

rubberstantially.

which they are having dificulty

in Anding.

How much the "squeeze has been.contrived and how much But rubber delivered under it has simply happened is an these, contracts may not be other matter for dispute, the regalcable, at price loyola to article and, since nafirul rub- - which the parket has been ber output this year is expected

the article added. to fill short

of consumption Some observers feel that by 60,000 tons or more. the London rubber market at

Hubber users are becoming present is little more than

Concerned over Increasingly innrkát th paper.

forced,

"OLD" RUBBER

7

the price of their raw material; the paper added, Plastics

competitors of natural rubber

One school feels that rubber are almost as equally forms from Bound of Trade and United able a synthetic, it le pointed States stockpiles if deliver- }out-Beiber.

able on the market--would, have į ended the squeeze. Since this rubber is technically “old?” it is not good delivery ağaint Jan- 2.50 7/18 || don futures contracts. » How- ever it la argued that stockpila rubber has quina to. mahullac- furers and Finn thun juntsaged michelstria), need over the pst month.

Another söndal, arjuse, that the "anfossen, has si continued.

Agreed Merchant

Ei üyer

Band Atom Dw Suf 19 Bulk Fundara C Geo Fa

Canadian T Canadian Int crow

bastioni ra Dornwith. Block

tus: Fund

en de H. Block