1959-12-04 — Page 2

D

New York Cotton Market

New York, Dec. 3. Cotton futures today re. gained stability after a hesitant start, although overall activity continued

on the quiet alde.

the March-May- deliveries eredilett

to

Buying of July

interests, and Texas

mare Eastern co-opt, proved

absorb a re- than

neugh e duced volume of hedge selling and realising,

After registering gas tu 70 cents bate, the market sellied back again toward the close to finish net one lower to seven points higher. The mar- ket opened unchanged to off 2 point. Now Orbeatis closed two nie points,

Some of Wednesday's sellers srittid to enver as prices shift- the recovery track ed back t

after the previote: two-day de- eline.

INFLUENCE

Apart from

12

optimism volcci in

increasing

the dry

good: Bade, where buyer, jurve

been

contin flas goods quarter of

tough the fourth

1960, traders found little in the news to ingluumer

either way.

the market,

No eclivny notices appeared the December today against continct. The spot month open totaled 35,200 bales, Interns Trotting in December will end the noon hour on December 14. The certaleated stock rose to 5,200 bales. Rent increases

in the deliverable stock suggest further Nemci : Troelsy: Sat.

The Livery market eload

up five to off 10 English points

THE CHINA MAIL, FRIDAY, DECEMBER 4, 1959.

WEEKLY REPORT ON THE

HONGKONG STOCK EXCHANGE

London

MARKET RALLIES AT CLOSE Closes

Rubber Trusts The Share Market At A

Again

Week's

Main Feature

After displaying signs of casing off the

local share market rallied to mid-week and closed yesterday with prices at their highest for the week.

HONGKONG

STOCK

EXCHANGE

by

Our Own Correspondent

There was a general advince yesterday with improvements in of counters after heavy trading errulted in 'doy's turntver of $2,755,000.

The main feature of the week was enin Rubber Trusts which jput on a foriker gain of 60 cents. There were rumours that some f the company's plantation property had been put up for sale. Amalgamated Rubbers were alro strong but only in sympathy with Trusts

On Wellnesday the market showed signs of impres ement Business done at the Hong-when Humphreys and Cements kom Stock Exchange this touched a new high

for 1959 morning amounted to approxi-Other sections registered slight mately $1,565,000. Noon quota-jadvanera while Utilities were team and the morning's transne generally firmer.

Shares Buyers Setleri BANKS

tions:

Sales

Cottons renewed their strength 105 and fairly large blocks changed -hands at improved levels.

HK Link

1900 350

.i

m contract,

East Asia

1

INSURANCES

FI

Lalit

42

SUT PESG Waterbal

Wheelock

300)

UPL

NOJ

BOCKS, PR°C° K What

130 142

200 2014

142

TEK. 142

at 475 to 578 Amtrican points Under New York futures.

NOTICE

CHINA LIGHT & POWER COMPANY, LIMITED

fuck

Provident

100 143 AIRY 575.

15.40 10 50 2000 4 15

123016 20 1137 13

150184) 4500 1 10

29 391, 400 12 30

3.) 3

22339

Taikon Duck

LAND. ETC

Notice to Shareholders

IK tel.

MK Land

33

371%

1024

10030 30

580 33

65 38

20 20

500 10.20

1000 - 20

145 1475

FLUBUER

37

HEREBY Humphreys IS NOTICE

that the Thirty- GIVEN seventh Ordinary Meeting of Healty the Company's Shareholders Amalg will be held at 12 o'clock Noon

on Tuesday, 29th December. Trot 1959, in the Company's Hong. Kong OBce,

St. George's

Sungl

7

Building, 2nd floor, Chater A Tawahi Road. Victoria, Hong Kong, rins for the purpose of:-

1. Receiving the Statement Star Serry

of Accounts and Report of

Yugoutt

the Directors for the year ended 300h September, Light 1959.

2. Electing two Directors.

3. Appointing Auditors and fixing their remuneration.

4. Confirming the Interim Dividend and declaring a Final Dividend.

The Transfer Books and Register of Shareholders will be closed from 11th December, 1959, to 29th December, 1959, both duya inclusive.

ווק

5

590 10 23

5000 3.925

50093.PAS SINCE 1 10006

SAXS 32:

S400 40

4.411

7.35

P 175200031.75

7003175

10031.75

125

X

10) A 120

14:0

120

20%

159

1100 - 120

20 60.20.70 3301

29.800

2000

20,70

Bertie

..

23.00 BYTO

AX

25.3

500

23.30

Sekt u 55 40

2004 39 40

Pastu 23:13 15.

14

200 13.00

113

14

100

14.10

***

1010 ...

Man .. 11.0

1 phone. 30.25 30%

INDUSTRIALS Cones

301 STORES, ETC, Dalry

Welcom

500 31

Icu

31

700 30

370201

Market Diary

Friday:

Monday:

Tuesday:

The strick market

was steady resulting

*

IK Bank Lombard

Valon Wheelock IFK

Taikus Dorka

Wharf

HK Docks

Provident

JK Hoielk

MK Lands

UK Realty HK Trams Sine Ferry Yaumatie

CH Light

Electrics (old) Electrics (new) Electrics (righ(s) IK Telephone Q. I. Cement Dairy Farm

A. R. Wataori Lane, Crawford Int'l Investment Allied

HR FE Inv Textile Corp Nanyang

Market At A Glance ★

Up or

Dividend

Nov. 5

Nov. 12

Nov. 19

1070

1070

10000

Nov, 20 Dec. 3

1030

Donas

& Bonus

Yield (%)

1060

+$30

$48

41168

414

424

414

421

sitady

$2

4.8

84bxd

14

84

BOLE

Ba

steady

$2.40

6.00

5.70

5.63 vd

5.60

-be

256

132

134

144

144

1439

$8

Бя

68

572

30

572

+$1.50

$5

36

36

3715

བྷཝཱ

29%

wendy

32.80

14.80

15.20

15.69

15.60

15.70

+100

$1.10

214

32

123

32

steddy

$.50

371

3814

38

37

-280

$2.40

1.60

1.45xd

1.375

1.375

1.425

+ Bc

15c

31

301,

31

30

314

+25c

$2

133

134

134

135Ի

+31

$9

125

LET

180

127

129

+52

20.20

20.20

20.10

21.30

20.70

$1.10

25

24.00

24.30

24.70

25.20

+50c

$1.90

23.70

23.201

23.200

23.40

28.70

+30c

13.00

13.40

13.40

13.49

13.00

+20€

29.000

29.00

20

30

11

31

$1.75

3014

38

3614

JR

+$1

$3.23

20

20.40

20.000

20.20

20.40

++30¢

$1.55

18.70€

20.30

30.30

20,401

191

-900

$1

23.800

23.30

23.90

24.70

25.90

+$1.20

$

84;n

6.35

6.40M

0.40s

Ready

4,028

4.300

4.706

1.70

6.106

+40c

25c

12.60

12.40b

1214

13136

13.70n

stends

900

9.859

15.10%

8.90 14.301

£

8.80

9.05

+25c

65c

18

15%

14%

~50¢

70%

101b

SU

CYBERZZZER) | ZEBgZĒSZ-ZS88*

Wall Street Strengthens

New York, Dec. 3.

Stocks strengthened under the lead of steel shares in the last few minutes of trading today.

The upturn in the steels which ranged to $4 shore reflecte! promise of David J. McDonald, President of the United Steel Workers Union, to disclose

union "move" award # settlement of the steel dispute.

new

R

He said he would announce ¡L satisfactory his plan after President Elsen- A large hower's address last night, "it's

settlement,"

tournover. volume

of business in the nature of a move — an was done in China i attempt to get a Lights at declining McDonald said. prives after the

The market has been very announcement of sensitive steel news and the final dividend l

the second this word got to

business

75 cents. Volume trading element they bid up the ef

steel shares, Jones & Laughlin transacted was ap-ran

up nearly $3 proximately Youngstown $1,950,000.

The market was

share Sheet & Tube Kained 54. U.S. Slect rose better than $1.

Other sections of the market

firm resulting in improved with the steels, not- fair mover. Rubably the railroad section where ber Trusis

pains ranged to more than $1

showed

a sharp advance. share. Chemicals still had their

The

turnover

amounted

weak spots, especially Eastmon 10 - Kodak. proximately:

$1 624,000.

Steady conditions ruled in the market few And, with exceptions, price Were changer negligible. The rub- ber section

the again

day's feature, Turnover amounted to $1.240,000,

13:45

Wednesday: The market showed

a beiter lune during the hall day session with sorne Issues gaining Cotton ground. shares renewed their strength changing hands und higher levels. The day's Turnover amounted ไป $1,197,000.

14

4320.00

000 1 20.40

5000 40

1000 20

5000 25.90 Thursday: There

2000.3 14.40 2000 14,00

... 10.00

143 14 70

Lane, Craw 2107 5.00 LUTIONS

Texili... 9.10 Nanyang.. MISCELLANEOUS INVESTMENTS

in

Vibro

Int

Dividend Warrants will be available for collection, or will

dealt with be accordance

standing Allied with instructions, on or after 30th December, 1959.

By Order of the Board of Directors,

A. A. M. ONSLOW, Secretary & Chief Accountant. Hong Kong, 3rd Dec., 1959.

040

100+ 0.30

5.10

Exchange Rates

Burners was done In the local unofficial exchange, market this porngat the followbig rates:- US. dollars (per 313 Sterling notes (per £5) Australian notes (per 1) Indonesia rupici: iper 100) Siam teals per 1001 Singapore (Biraita)

2,50

HONG KONG TELEPHONE

COMPANY, LIMITED.

CHANGE OF KOWLOON TELEPHONE NUMBERS.

adTM

the

!

TOO LATE

The Kains would have been much larger all around had the announcement

a come

short time earlier, Wall Street [x- perts said,

The timing was just before the final gong ended the day's trading

Elcotronics Issues which had been irregular, picked up and registered gains running

to

more than 32 a share, Inter-

3 W SG general vance in market with Im- 11 provements in sections.

Trading was heavy and the closing prices were mostly at the The highest levels. turnover amounted to $2,755,000.

Yesterday's Closing

national

Business Machinez, sort all day, lost 59 start.

Coopers ruled Brm on higher prices for the metal in London, American Motura rose nearly 32 to lead the automoblie group higher.

Today's volume was 3,280,000 shares.

Of a total 1,227 issues traded 508 were higher and 440 lower,

American

Exchange volume was 1,710,000 shares.

Bonds volume amounted $0.250,000.

10

Dow-Jones closing averages

Under Steels

Berth Lite Sovers

Belt Telephone

femefield Pance jendix Aviation Corp. Henguet Citi

British Columbia Per

Cəlif Packing Corp. Cana, k, of Comm. Campbell Soup Co. Canadian Pacião 11. Case . l

Cal. Tractor

Co

Celanese Curp.....

C. 1. T. Financial Corp.

Chase Manhat Bank

Chrysler Motors

Cuct! Peab dy

42)

Heyden Newport Corp

en Walker

Tobacco

Rand

301 Eltion Ind.

Lockheed Aircrafi

Lone Star Cement Co.

MeDennett J. Hay

McDonnell Aircraft

Loews Inrcrp.

Lowenstein & Sons.

Easier

London, Dec. 3.

The stock market closed slightly easier in dull dealings today na market

continued interests awall an expected change in the British bank rate.

to

The bulk of the industrial -- list lock mellanat josace mi- though steels turned frm near

elesing time.

Deliar stocks were

mostly

casier following the Wall Street trend and gilt edged securities were steady and quiet.

--UPI..

Closing Pricos

Britis

Giltered Donde

Transport 3. 497/68-

Consola 2TÆRÐI.

CAT

Connois 4-----£75-B/10.

Conversion

Loan

S

£60-7/10.

Finding Loan 3

AMY.

Funding Block

1000--..

1939/00-

31, 1990/22004-

Funding Loan 4 1900/90

TA

Banks

Savings 2, 1P33/00-£9-3/16, Savings Pa. 1990/10-£6TH. Savings, 1065/75-ETIL. Barclay'a Dank "A" Lid ord-010

Chartered Bank-859 34. Hongkong--€57%

Insurance

Uniton Insurance Canton-3-3/18

Afterall and Motors

Brith Motor Corp.

Ort-50%

Ford Motor Co--100% cor. Rooten Lad "A" De Skl. Standard Tekanph International- 10x 10.

Breweries

Dillers Cote Dd.

Building and Platerials Arkacisted Pariland Cement-600 710

Pinchin Jebron Amsclates Ord 20% 4.

Coul, steri and Engineering Babcock & Wilcox Li-44% Dd. Vickers -3.

Food and Tobacco

American Tob, Co., L1d-

Imperial Tobacco Co., Ltd–09%.

Miscellaneous Beardman Marden Lidia 131⁄2ď. Hritich Yacine Ur

Ltd. Ont-754 3d.

Canadian

Hongkong & China Gas-[35.

Imperial Chemical--M4, 31. Lyons & Co-T5 d.

Univer Ltd-1208 Pd.

Paper

Bewater Paper Core Orden Đ Fadio und Electrical Aranciated Pectetrol-80% 20. Electrical & Musical-7€ 750. Engilah Beetrie Co-404 Bck, General Electric- 6.

Shipping Indo-China Blean Nay, Co. def ord-3 d.

PO Bicam Navigation def and ~43 30.

Ktorer

Great Universal Stores "A"--49%

Mark & Spencer Lidl Woolwarth W & Co-669 od

Textiles

Coats J&P Lid-23s 36. Courtaulda Lid-60s 11⁄2d,

Mines

Anglo-American Corp of South Africa--2025 Gl

Con Goldfields of South Africa-* 15 7.

Cone. Zinc Corp. Ori-71s 3d.

De Boers def—181, 104,

Free Site Development & Invest-

Hongkong_Thu 1942,

Petaling Tin-76 420,

Rand-101 3d.

Southern into Cong Lid-20 d. Union Caro-70% 740

Driefontein Goldmining....

West Rand Conk Ma 111⁄2d.

British Borneo Petroleum Syndi cate-aze Cd.

British Petroleum Co., Ltd-21

Bunnati-40s.

Royal Dutch Petroleum- £18%. Shell Transport & Trading=149%

-Retter.

181

175

Bancalake Mining Co.

123%

Bussman HCETIR

10:

Idaho Power

#112

Bellehem Steel

Imperiat Oil

40+

Flering Airplane

32

12

Borden (Ther Co.

D1%

40

Bri

British Amer. Ou

33

Buland Steel Co.

64 b

British Columbia Elec

Juterchemical Corp.

39

401

Int'l Business Machin Int Harvester

433

534

Intern Stay Nickel

100

International Paper

12

Il Tel & Tel

Johns Manville Co.

62

Kalmer Industries

27

SA

Kanka C. Power & Light

G11

Kennecott Copper

Kimberly Clark

were:

64

47

30 Industrials

$82.99

20 TRIN

153.49

Colgate-Palmolive Cu..

Liggelt & Myers Tob. Co. Lily Tulip

13 wattties

BO.BI

Colombian Carben Co.

461

5 stocks

215.33

Commercial Crede

50%

40 bonds

$1.43

Consolidated Edison

50%

Comm. future price index

15127

Consiliated Paper Continental Oil of Det.

Crown Zellerbach

Closing Prices

Cuban Amer. Sugar Diamond Aikall

112

PAPA

Mesabi Iron Core.

Minnesota Mining

100

Alten Inc. Aty.

Aled Chemicals

alled its Ine

Montgomery Word

h3cnsanto Cheniest Co.

Mision Development

211

Gd

157

Motorola Inc.

1605;

754

National Blacuit Co.

52

10

National Cash Reg. "A"

1,

Fl Paso Nationai_das

341

National Dairy Prod.

403%

GI

Furity Finance Corp.

20+

National Lead .....

110

National Steel Corp.

8

Festone Tyre & Hubber

131

New York Central

2014

4GT

First Nat. City Bank

429%

Ford Motor

794 North Amer. Aviation

Norfolk & Western F

100

30

24

Georgia Pacife

499 Northwest Airlines (Com.)

31

570

Olin

92

90 Oti Elevator

FUL

ment-de

27AS

Ina

Owen-linols Class

091

78

General Motors

SIT Oxford Paper Ce

2

100

Gen. Pub U.

221

Prelle Gas & Elec....

Gen. Tyre & Rubber

to

Pan American Airways

15

Getty Od

18

Paramount Pictures

45

38%

Gudden Co.

44

Park Davis Co.

Goodrich (D. F.) Co.

Penny J. C. Co.

43% 12232

WEEL

17

Goodyear Tyre

13894 Penn. Salt Co

41

Grumman Aircraft

5

2114

372

RAT

TO

.

TO

Allis Chalmers

Am. Brake Shoe

Araetcon Airline

Ata. Cable & Radio Corp.

American Cyanmuud

Ca.

Amer. & Foren. Power Am. Gas & Electric Ain Mach. & dry. American Melal

dun. Natural Gas Americal Smelting Am. Sugar Ret. American Tel & Tel American Tob

Anaconda Copper

Annco Swei

Arnaut

Atlas Cons. Mining Baldwin-Latest-1farms.

Dalilmore & Ohio Hank of Montrea! Bank of Nova Scotia

Diamond Gard

* 30% DUBers-Seagrama 119 Dominion Stores

375 Douglas Aircraft 33% Dow Chemical

1134

Dupont de Nemours

Eastman Kodak ...........

General Dynamics

501% General Electric

Gererat Foods

Gull Gl

2015 | Hanamond Organ

COMMODITY PRICES

METALS

NEW YORK Closing prices, all in per lb.: Lead

Dec.

Jan.

Zine

Der

Jan.

Copper

Dec. Jan.

cents

11.25 11.20

U.S. INVESTMENT QUOTATIONS

Tin

Buyers Sellers

Spot

701 701 3-month Others unreceived. UPI.

780

The following are US. in- vestments In American dollars.

include Buyers prices mission:

Affliated Fund Am Bun Gh Atona Dev Mut Bullock rund Carlada Gen 74 Canadian d Canadian Int Growth Chemical Fu Comwwith Bisex Dividend Sh

ind

Ing 10-1

H. Block

In connection with the change of certain telephone numbers in Kowloon,ectre from numbers beginning with the digit "5" to numbers beginning "82", to take place on Saturday, 5th December, 1959, it is notified that the effective time of the change-over will be 9 p.m. on that day.

Mие п

Inkti Found Imbil Growth IntoMO Invest T Boston. Kyle Canada" Maa Jay Tr

Keystone Cut Ba

row

Na! Seo Ser Growth Scudder St

Telev

Value Lane F

Wellington and

Cl

Sellers Buyers

4.35 1189 6.70

10.00 14.36

COTTON

$2.54

Holiday.

SINGAPORE

LONDON

073

Philip Morris

Pitney Bowes Procter & Gamble Co. Pittsburgh Plate Glass Pubitcker Industries

Radio Corporation Radio Corp. Pref. Raytheon

Republle Steel Reynolds Metal

Royal Bank of Canada Rear, Roeburk & Co

Bell Oil Co.

Saleway Stores

Saint Heg. Paper

Schenley Inc.

Scott Paper

Sinclair Oi

Smith, Kline & French

Socony Mobil Oil

holar Aircraft

South Puerto Rico Sugar

all in pence Southern Natural Gas

Routhern Railway (Com.) Standard Brands

Closing prices

per lb.:

No. 1 Ra spat

33-3515

Settlement House term:

Jan./Mar.

13-171

Standard Dii of Cal, Standard Oll of Ind.

April/June

312-31

Standard Oll of KJ.

July/Sept.

31-3212

Oct/Dec.

301-30

Steel Co. of Canada Sleep Rock

General markets, eff, basis, ports:

Des......

31-341

Estate crede

thin Dec.

4014

404

Dec.:

3.36 buyers

3.35 buyers

Tide Water Of

sad,

NEW YORK

Closing prices all in cents per

lb.:

Spot:

72.85 norn: Dec:

May: 32.12 July: March: 32.97: 52.75; Oct: 30.83; Dec: 3082; Mar: 31: May: 31.20.

NEW ORLEANS Closing prices all in cents per

13.05-08 h.: 31.90-93

Spot: 31.15; Dee: 32.53: March! 3.80 May: 33.10: July: 22.74; Ocl: 30.85; Dec: 3093; Mar: 31.03: May:

LONDON Closing prices, all in sterling ätza. per long ton.

NEW YORK

SAO PAULO (Closing prices all in cruzeiro per kilo):

All unquoted.

Average price in U.S. at 35 de- signated pot matkals: unavailable.

Total sales: 20.2 holes.

LIVERPOOL

Closing prices all in pence per Jb.:

American Contract

Dec/Jan:

thick Dec

AMSTERDAM Closing prices all in gullders per kilogram, c.l.f.

No. 1 rubber No. 2 rubber No. 3 rubber

No. 1 crepe

3.37 buyere

3.00 buyers

-VII.

FOREIGN EXCHANGE

22.00: March/April; } 22.30; May/June: 23.20; July/Aug; 1.23.05: Oct/Nov; 21; Del/Jen: 21.90,

BBxed Controlet Dec/Jan; 23.55; March/April: 23.45; May/June: 23.45; July/Aug

Oct/Nov: 33.10;

Dec/Jan; England 22.2-UPI.

prices all In cents 40,

Contract No. 4 (world)

NEW YORK Closing rates: Canada

officini 30-day K

D0-days

Australi

New Zealand Boull Africa

"Others unchanged.["

LONDON

Sterling Drug Co

Stokely-Van Camp,

Stone & Webster

Studebaker-Packard Corp. Surahine Mirag Swirl & Co.

Texas Co.

Textron inc.

Thickol Chem.

Traders Finance

Tri-Cont. Waer mesta

Twentieth Century Fox F Union Carbide

Union Oll of Cal

Foton Pache Railway

United Aircraft

United Fruit

United Gas Chispi.

U.S. "Bir

G

U.S. Line Cú.

UB, Rubber

VA. Smsung

US. Stre

US. Bleed 1. PC, PF Warner INDE...

Waukesha Atono

Westinghouse Air Broke Westinghouse Electric

1.06-5/42 | Worters Union Tel. Ca.

2.7096-3,200/

Vest Va. Pulp & Paper

Wham-Dade Stered

Woolworth (KW) ****

Rubber

Market Review

New York, Dec. 3. Rex rubber futures today to 75 points lower with sales of 57 contracts.

closed 30

The Singapore holiday and the lower London trend, shop- ed the

today, market action although a number of traders were inclined to market and wait to see how the Singapore market would react 10 decline. tomorrow.

In the delivered market here dealers were also disposed to mark time pending develop- ments,

The holiday curbed the volumis of caster shipment offerings. Thaliand offerings werd reported around 4 cent above domestic buyer ideas. included Indictesian offerings ené sheets at 80% cents and two sheet at 39 centa

a pound, straight December shipment.. cost and freight. However, local buyers ideas were fully 4, cent under and they showed no

Agreed Merchant witlingutes to "pay up, traders

Rates

sald; Current month, No. 1 Ras was quoted at 411⁄2 cents, nominial.

6. Dollaže. Maxhinam selling 17-6/34; Minimums Buying, 11-19/32 T/T, 11-21/3 0/1, 17-43faï 3 days, 17-23/23 90 days, 17-29/332 30 days.

Canadian Dolare, Maximuņi- Ing. 10-1/235) Minimum Daylag. 1635/23 UT/T, 38/47/31 (Q/D,

peirian Franes, Laximesh selling. In Amberdará, the rubber

gelkettytuberarti was very quiet today.--

In London, the rubber market with spot quoted at wha Qasy [851⁄4 pence,

UPI.

SUCAR

RUBBER

¿

Belgium

Closing

10.48

per lb.:

Jan

Estarch

10.58

Mary

25.08

July

8.41

Sept

2014

Oci

SELAS

Closing rutes:

11.20

New York

7.20

Total Soles: 418 contraeth.

12.01

Open internet: 8,200 cpptracte.

24.00

1236

Contract No. 4 (domestlo)

14.84

4.06

March

NEW YORK

Montreal Rex rubber futures closing | Amsterdam

Br prices, all in cents per lb.:

Copenhagen 40.00-08 | Frankfuri 38.M-3

Dole.

10.50

11,009

37.76

Frie

July

5.00

July

07.20

Spot-Cit. Ny duty s

Bepl

Total Sales: 25 contracte.

Nov

Open tent; 3,818 cont

Jan

Bpolito.b, Cuba)

饭

Stockholm

Zurich

29.70

2.7000

2.7915

2,815

Zenith Radio

2.237:

2,1808

2,000

020010

4136

el

1

-UPL