1959-12-11 — Page 2

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HONGKONG

STOCK

THE CHINA MAIL, FRIDAY, DECEMBER 11, 1959.

WEEKLY REPORT ON THE HONGKONG

STOCK EXCHANGE

London Market

EXCHANGE MARKET EASES SLIGHTLY Quiet

Our Own Correspondent

But it

done at the Hong- kong Stock Exchange this morn- og amounted to approximately $830,000. Noen quotations and The morning's transactions:

Bhares Buyer Brileri Nalet DANKS

EK Bank 1838 1000

INSURANCES

Unti

Tungbard.

SHAPING

Wheelock

DOORS, ETC.

***

LAND, ET

BUCHER

دا

5.20 TA3 63

11040

100 561-

200 14TH, 2018.34

HK Hote

Ak 1

ikeampireys

1.0

Results

4200 $4320007

| 425

toco

1.45

1433122

1003

こん

A KOR

Tww.t

S. Nelonen

Yonata

נין :

31, 39.73

1900 535

Aben w

10321.78

2001 S

230126

EIG

3403

200 124

1 ND 30 K

$ the

Mana 1

וירות.

2000 AN

Jona 20

17031,93

1000 20

25 50

Prices Show

Improvement In Late Rally

The market experienced a slight drop in volume of business during the week with fractional losses registered in some sections.

Sharp Rise

A note of caution appeared to erep in during the week and it was felt in some quarters that have advised leal banks may

a little rein putting on too much. speculation.

However, the In Cotton

Trade Expected

35452502 11. A.

IPA

1410 The

J4 1424

11.26

1701

14 10

RDUSTRIALS

360 36 31

Cart

Cak

1000 31

Xx 30'

1:37(4

2049 200

AMY MOM

2340 25.70

150913

13 2014 16

VISE TELANEOUS Vihre

INVESTMENTS

Allel

A 1990 6.45

NOTICE TO CONSIGNEES

Washington, Dec. 16.

International Cotton

easiness that revailed mid-week dissoprored

the close yesterday with prices showing some apprecia- tton it a laterally

Banks were fractionally down while insurances remained strady.

Wharves. after thrin pre- tacular rise in the past Irw weeks. eased off slightly and clared at $140-$3 o

15th

Terry the

companies iver down on the week while Advisory Committee to the rest of the Utility section day predicted "a marked alro registered fractional losses. increase" in the inter- Textiles showed little change national cotton trade dur-and the rubber section remained ing the current

season.

cotton

The 34-nation grour based its prediction on lony carryovers in importing hallores, rising con-

and indications that ! sumption demand at the Communist ! Die will be substantial.

As a result, the raid,

shows t

the enlinn

comintice

situation!

definite improvement

Uis reason."

"Supply, it is true, will be

considerably inrger than in

jjale.

Market Diary

Friday:

market was active resulting in a fairly

substantial with turnover interest spread in all sections. Turn- over was $2,480.000. The Monday:

continued

of buoyancy

the helped market maintain prices

1958-59 but not by as much as Tuesday:

first sermed likely. the com-

mittee's review said,

the

But the committee said increase is chiefly in the United Is where Slatce

the cro estimated at 23.600,000 bales, P predicted the United States will be left with stocks totalling Wednesday: Butnared estro re dus verr wout 9,000,000 bales at the end

of the present scazor.. & Men Wond survered by

ITA

ון: +

*POLYPHKMUS**

at it' Wharf from 10

inteli December 12, 1959,

have poteters are requested to ther representatives present during the

10%

RUTTERFIELD & SWIRE, Apent.

Har Hon. Decanter 10. 14),

Production outside the United States was set at about 17,000,- 900 balls compared to 18,400,000 bales last season, The com- mitter suld production lower in Mexico. central America, Uganda, Syria, Grover and

erhaps Indiu. UPI,

Thursday:

* The Share Market

MK Bank

Lombard

Union Wheelock IK Wharf

HK Tram

42.

اللحمة

steady

+500

********

Glance ⭑

Gains

London, Dec. 10. were fairly wide- spread among industrial Lasues in a quiet session of the Stock Exchange today.

British Government bonds de- 'ellned on light selling prompted by a mild weakening of the pound sterling in the foreign exchange mørkets.

wero

Among metola, golds Irregular, coppers easier and tins dul).

were quiet and

Nov. 12

Nov. In

Nov. 26

Dec. 3

Dec. 10

Up or Down

Dividend

1070

1000b

1050

1060

1035

419

414

42K

8214b

8314

& Bonus 318 $2 33.40

Vida(96)

4.5

4.8

5.70

314xd

8.85x8

5.00

35.65

+50

tho

134

144

1431

140

-83

HK Docks

574

5714

--$1.50

Talkoo Docks

3714

39%

200

steady

$2.80

Provident

15.20

15.00

15.60

15.70.

16.30

+000

$1.10

HK Moletn

322

3244

324,

3014

$2.50

JIK Lands

3714

37ER

27Bi

überdy

$2.10

1K Really

1.65xd

1.375

1.875

1.425

1.423

steady

15c

30%

3114

-250

133

134

135b

135

steady

127

130

127

129

121

---$2

20.20

20.10

21.30

20.30

19,90xd

ww.doc

$8 $1.30

24.00

24.80

24.30

25.20

25.80

+100

51.90

Electrics thew)

23.20b

23.40

23.70

24.10

+50€

Electrics (righia)

13.40

13.60

1.10

+500

29.90

30%;

-250

$1.75

3814

----$1

$3.25

20.40

20.00b

20.00

20.40

strady

$1.55

Loan

1100

20.20

20.30

20.40%

1910

1916

ntendy

00-3/10.

23.30

23.90

24.70

23.90

23.40

~~50c

Fuiding Loan 2

1539,

83-3/10.

6.33

4.4

0.40+

8.40

steady

63c

4,700

4.70b

4.70

5.10b

5.40%

sirady

250

12-5/16,

Funding

12.40b

1214

12140

12.70m

12,700

steady

8.50

8.80

0.05

8.05

100

65€

14.301

15,

164

14kxd

500

700

Star Ferry Yaumatis

Ch Light Electricx (old)

HK Telephone G. I

Cement Dairy Farm

A. S. Watson

Lane, Crawford

Int'l Investment Allied

KK FE Iny

Textile Corp

Nanyang

U.S. INVESTMENT

QUOTATIONS

dollars.

The following are U.S. Invest- merits 111 American Buyers' prices include mission:

AI used Fun Am this Shrs Atom Dev tut Bullock F Canada Gen Fl

Canadian F4

......

Canada Int Gowth

to Found Mut rd

Instit Fount

with business fairlyhill Growth

avera

Setter

7 41

4.10

4.34

535

3.18

13.31

34.50

14.13

17.29 13.70

24153

331

New York

Cotton Market

New York, Dec. 10.

L'otton futures today switch- ed over to the reactionary

side, halting a previous two-day rally which had carried the market to the! best level in two weeks.

around the Closing

day's lowest levels the list was off five to 13 points net. 14.53

Chenzen F

11.04

12.3

Comwith Sinek

IAMA

Dividend Sh

3 2

Drestua Fund

Faton & Stuck 21.35

26.03

Electronks inv

123

0.54

11.70

Hamil Fd HC-7

522

5.70

10.70

11.71

11.55

125354

steady.

6.37

7.14

Wä

True Ty Boston

11.03

12.71

$1,520,000

Keystone Cat 32

The

fairly

Keystone Counda market was Mate Inv Tr

active

73.03

13.0

demands tries.

for Elec-vale are Fanat

Wellington Fil Textiles and Wheelocks

with Nai See Ser Growth

Telev E F

8.94%

D.B1

14.04

13.4

7.28

1300

15.25

Turnover fit income approximately

Business transacted amounted

to ap- proximately

$1,361,000. The

market ruled Though rates

in a few instances.

showed

losses.

fractical

Turnover

for the half-day session WOR $910,000.

The market opened with caution with a slight lowering of but prices

larses were recovered in late rally. Volume of business transacted was ap- proximately

$1,800,000.

Yesterday's Closing

{CITY' LIGHTS

1.9988.283333321130292888..

Stocks Continue To Advance On Wall Street

New York, Dec. 10.

Stocks advanced through most of today's session and then encountered moderate profit-taking

near closing time.

many

This brought

issues, Dow Chemical down from their highs for the Dupont de Nemours

Fasterion Kink finished Industrials ses:ion higher for the most part of the session due to strength in elect-

alterafts, Ford Motor rd chemicals, steels,

GUS Preife drugs and electronles.

action, The reverse,

traders said, appeared to be due to a 7.03

|let-up in buying interest rather any organised selling

"-Business. old Pretty fair, thanks

London Expten Service

man 7

news

the

ruled

Family Finance Corp.

вать

207

1001

El Paso Natural Gas

Flest Not City Bank

8412

40%

4814

સ

Dynamics

General Electric General Foods General Motors

Gen Tyre & Rubber Goodrich (B.F.) Co. Goodyear Tyre

What

Several of the metals pressure,

strong. notably International Traders found nothing in the Nickel.

to induence the market either way. News from

Akoa, however, fell more than Grumman Aircraft

Beech Aircraft on quit ou textile trade continued optimis- $2 a share. tic. but appeared to be dis-up several dollars. Union Car-Heyden Newport Corp

bide, Texas Instruments, and In- ternational Solt

rospective

counted.

were

-DOG

1ram Walker

Hoeslake Mining Co.

strong

Husman Refrig

Idaho Power

Imperial Tobacco

Inland Steel Co.

Imperial Oil

Int'l Harvester

New crop months continued spots in their to be mostly neglected. Tradersions. avoided a stand there pending

Ford ruted strong in an other erchemical Corp. expected consideration of farm

Ol's Int'l Busines Machines legislation after Congress con-wise Tower auto section.

tended easier. Minnesota Min-international venes in January,

Cotton trade spokesmen to Ing and Minneapolis Honeywell International Packe for showed gains of $5 or more at Johns Manville Cu. day appealed to Congress

Home Kimberly Clark their best. American changes in the 1960 cotton price grined $5 in the drugs. Kansas Liggett & Myers Tob, Co. programme which would return the buying and selling of co-City Southern rese more than $1 tor to the hands of the private while Norfolk & Western lost

$1 in the rals. trade.-UTI

COMMODITY PRICES

SUGAR

NEW YORK

Closing prices all in cents per

Ib.:

AprivJune

July/Sep!. Out/Dec.

317-32

30-3112

... 304-303,

345-397 341-342

General marketa, elf, basis, ports:

Des Jan. Estate crepe thick Dec... 40

AMSTERDAM Closing prices all in guilders per kilograin, c.i.f. Dee:

No. I rubber

3.36 buyers

3.34 buyer

3.31 buyers 3.95 buyers -UPL

METALS

NEW ORLEANS

Today's volume was 3,470,000 shares

Or a total 1.255 issues traded,

512 were higher and 535 lower.

American Exchange, volume Was 1,710,000 shares.

Kaiser Industries

Lily Tulin

on Ind.

Lockheed Alterati

Loews Incorp...... Lone Star Cement Co. Lowerstein & Sons. McDermott J. Stay Mesabi Iron Corn,

niinnesota Mining

Mission Development Monate Chemical Co. Motorola Inc. National Biscuit Co. National Dairy Prod.

Bonds volume amounted to National Lead $7,400,000,

Dow Jones closing

were:

Closing prices all in cents per 30 dualitats

Brot: 31.15; Dee: 32.00; March: 23.06 May: 3326; July: 3250; Oct: 30.28; Der: 2013; Mat: 31.02: May: 31.20.

SAO PAULO

(Closing prices all in cruzeiro

per kilo):

March: 70; May: 77.

23 Talis

15 utiles

63 Stock 45 bonds

National Steel Corp. New York Cement

averages Noranda Mines Lid.

Closing Prices

Abitibi Pwt. & Paper

Aklen Inc. ACT,

Average price in US at 14 de-Alla Chalmers signated spet markets: 31.73 cents.

Total Balex: 119,008 bales.

LIVERPOOL

Closing prices all in pence per Arm Gas & Bectric

lb.:

No. 2 rubber

No. 3 rubber

Contract No. £ (world)

No. 1 crepe

3.00

Jan.

March

May

Jut

Sept.

Oct.

Jan,

Mar.

Jan

March

NEW YORK Closing prices, all cents per lb.:

23.30;

23.03:

22.70.

May July

Spot-(Ci! NY, ex-duty),

6.69

170

Lend

Jan,

-UPI Zine

Deut

Ja..

Cupper

The.

Jod.

'American Contract

Dec/Jan: 22.00: Marelu/April:

May/June: 23.65;

Oct/Nov: 275:

Mixed Contrast

Dec/Jan: 23.65:

Am. Home Prod.

Am. Mach. & Fdry.

American Metal

Am. Natural Gas American Smelting

July/Aug: Ath. Bugar Ret.

Dec/Jan;

Amerio Tel & Ti

American Tob

Anacond Copper

casict.-P.

Closing Prices

Gledged Dond

Dritin Transport 3, 1913/08--

£879%

Console 2 £50-3/16, Consola 4-1/16. Conversion

Funding Stock 3, 1999/2001

€94-3/10.

Loan

Savings 3.2. 1995/65-£ pa.

Savings Mon

1060/90-

1900/70-8-11/10,

Savings 3, 1905/76-77.

Banks Barclay's Bank "A" Tate ord

Chartered Bank-33 Hongkong-£55.

Jarurance

90.

Union Insurance Canton-£5-3/10.

Aircraft und Moters British Motor Corp. Ord-21

Ford Motor Co -102 34 Root Ltd A 20ted. Standard Triumph Itemnational-

10 10.

Breweries

Distillers Comúky

Busking and Materials Asociated Portland Cement→→740 Pinchin Johnson Associates Ord-- 25 $1.

Coal, Steel and Engineering Babcock & Wilcox L1-44 1. Vickery Ltd-33 0.

Food and Tobacco British American Toh. Co., Ltd

Imperial Tobacco Co.. Lid-

-G31.

Misceljuneous

Boardman Marden 145-48_10. Britas Oxygen Lid. Ord-7 d. Canadian Pacific My-$472) Dunlop Rubber Co-201

Hongkong & China Gar Imperial Chemical-50 101d. Lyons & Co--7M 300. Unilever Ltd-1994 11⁄2d.

Taper

Bowater Paper Corp Ord-07 34.

Ratio and Electrical

Associated Electrics3-19

od.

Electrical & Musical-50% Gd. Engl Electric Co-s94. General Electric-43.

Shipping

Indo-China Steam Nav. Co. def ord-d

P&G Sicam Navigation def ord -456 30.

Storrs

Great Universal Stores "A"-61#, Marks & Spencer Lid-74%. Woolworth F. W. & Co-sand,

Textien

&P Ind-32 10155, Courtaulds Led-09.

Mines

Anglo-American Corp of South Afrios-205m €150.

Cor Godfcids of South Africa- 07 20150.

Cona, Zine Corp. Ord-75 31. De Beers def-195% cor.

Hongkong Tronche 134th.

Pelting Tin-796.

Band-10e od.

South Kinta Cons 148–311. Union Corp~70. Wen Driefontein Goldmining

West Rand Cons-21 464.

196

4813

11014

British Borneo Petroleum Syndi-

cate-bla

British Petroleum Co. Ltd-1

Trading-

Royal Dutch Petroleum-15-39/39. Shell Transport 217% 73-Beuter.

012.74

Norfolk & Western Hy North Amer. Aviation Northwest Airlines (Com.)

उरा

134.40

Olin Mathieson

67.22

Elevator

218.00 Oxford Paper Co

81.03 Pacte Car & Ele

Pan Ameriese Airways Parunt Pictures

Penny J. C. Co. Penn. Sal Co.

Piney Bowes pasarg Procter & Gamble Co. Pittsburgh Plate Class

Publicker Industries

Pure Ol.....

Reynolds Metal

4942

Algoma Steel Corp.

Allied Mt Inc.

Am. Brake Shoe

5324

Indie Corporation

American Altine

243+

Radio Corp, Pref.

Am Cable & Rudia Corp.

110.

Paytheon

Americno. "Cyanamid Co

Repubile Steri

Ain. & Fergh, Power

475%

Royal Bank of Canada

17815

Bears, Roebuck & Co.

481

Shell Oil Co.

2414

Saterway Storms

30%

· Eulni. Reg. Paper

40444

Schenley Inc.

2811

Scott Paper

701%

Sinclair Oil

Smith, Kane

& French

6371

Sotony Mobil Oll

2524

31 Selat Aircraft

1014

173 Southern Co. (The)

South Puerto Rico Sugar

4135

Southern Natural Gas

Bank of Montreal

106

Southern Railway (Com)

Bell Telephone

Beeeb Late Savers

30%

Standard Brands

Blandard Oil of Cal

Betificial Pinance

Sleep Rock

Bendix Aviation Corp.

743%

Bierling Drug Co.

Benguet Co

115

Bethlehem Steel

Bione Webster

Boeing Airplane

#294

Borden (Tha) Co.

EST

sec.

38%

30%

Amour

Asbestos Corp.

March/Apell: Atas Cone Mining

23.60; May/June: 23.90; July/Aug: Baldwii-Lama-Ham. -4 23.10; Oct/Nov: 23; Dec/JRAY: 22:29. BITukmore & Onto

11.75

--UPI.

34.50

37.51

NY Sugar

Market

New York, Dec. 10. World No. 4 sugar futures to- day closed unchanged to one point lower with sales of 37 contracts.

6 sugar The domestic No. closed unchanged with no sales

ib Activity

the 40% reported.

world market was hardly broad

to develop erough feature.

In the

a trading

SECURITY 5%

SECURITY The Bank's Capital and

✔SAVING

Reserves.

SAVING-No Charges, Brokerage, Com- mission, Fees or Stamp Duties.

✔SAFETY-No Capital Depreciation-Your

funds remain at your disposal.

INTEREST is calculated on a Daily Basis→→→→ ite. your money is earning 5% from the day you deposit until the day you withdraw.

YIELD-The 5% per annum interest is

paid half-yearly.

Interual paid without deduction splinted Kingdom income tax Write today to the General Manager for your copy of "Bank Deposit Account" booklet No. A0.74

LOMBARD. BANKING

fload Office:

LIMITED BANKERS

LOMBARD HOUSE, CURZON UTREXT

PARX EXNE, LOMBOR IT'

Tdtphone: 220 €111 (2) SEWOO

Aveclated Maske † LOMBARD MARKING (VAN EAST) LTD 10. BOX 2004, SROUND FLOON FINLAYSON HOUKU KAFFLES QUAY SINGAPORE. Thomsone: 13825

A World-Wide Banklar ahdl Pimbuće kakantuation

Spot--ft.o.b. Cuba

Total Sales: 37 contracts.

Open interest: 8,558 contracts. Contract No. 0 (domestic)

RUBBER

NEW YORK

Rex rubber futures closing prices, all in cents per lb.:

All in cents per b.:

ports:

No. 1. Dec.

Jun

No. 2 Dec. No. 3

110%-220

125-1784

1109-1194 21856-110 21015-17:5

Spot rubber unholed Blanket crepe

12014-121 115-113 1331-13012

No. 1 pale crepe

LONDON Closing prices all in pence

per lb.:

Settlement House term: Mens/March

COTTO

NEW YORK

1b.:

2514-301

Closing prices all in cents per

Boot:

South Africa

Other unchanged.

LONDON

Closing rates: New York Montreal

Brus Frankfurt Oslo Faris Stockholm Do: 22:05: Ston iam; Marchi 23.049UJINT PLAN, Oet: 1045; | Vienen 99%-31 10: 30.38; Mar: 3100; May: 3136,

SEEN

2.79 13/15-9.30 15/10 2,06 5/10-2 7/16" 139.97 1/2-139.01 1/3 31.07 1/4-112 1/2 19.30 1/2-19.39-3/4 * 1/4-11.50

1050-TOM 3A

778

Colombia. Carbon Co. Commerciel Credit Consolidated. Ediana Consciklated Paper Consumers Gas Furna Continental Oil of. Del. Cosmos Imperial Mills Crane Co. A Cuban Anker. Sugar Diamond AEJ Flanjood. Gard. Duttilers-BANDARTA Dominion Midden

U.S. Rubber

4.8. smelling

U.S. Stei

Mit U.S. Bies! T-P.C. P

24% Warner Bros.

Waukemia Mditira

60 Westinghouse Air Brake 4359 Weetinghouse Electric ... Western Union Fel, Co. an 334 West Var Pulp & Paper 90% WI-Dizie (MU

Woolworths (R. W [130] Smith Hadio

Exchange Rates

Bgeness was doins in the local

· Khim thomeisi

market zorubig at the following rates!

Sterling Botes" (ple (23)

21) ..

Hiperi Meals per (150) k

1240

Jan. 1960

Mar.

Jer. 1000

SINGAPORE

LONDON

Closing prices, all interling

Buyers Seller

702

789

FOREIGN EXCHANGE.

NEW YORK

Closing_rates:

England Official

30-day

10-days

per long ton.

Tin

Spod

J-month Copper

Spot 3-month

41.70

Let it har

30.45

Dec.

39.05

Mer

Zho iet half

Dec

DOY

Mar

UPL

Australia

New Zealand

Closing prices all in Straits cents per lb. f.oh. Malayan

Lurroughs Add Machine Erilish Anier, Oil British Columbia Ut Columbia Pwr, Csic, Packing Corp. Can. T. of Comm. Cama. BrowE?E

Stokely-Van "Camp.

Stukkebaker-Packard Corp.

Sunshine Mätning

Bwift & Co.

Texas Co.

Textos Inc. Thickel-Chann The Water Oil

Lentieth Century Fox Tim

Union Carbida

Union Oll of Cul.

25 Union Pacino Railway

20 Unked Attract

United Fruit_

7090

Campbell Soup Co.

2.0010

Canadian Pacule .

2.8040

Case J. 1.) Co.

3.2395

Cat. Tractor

2.7650

Cdlenese Corp.

1.6030

C... Financial Corp.

2.8. 100 “B”

Chrysler Motars

Cluelt Peabody

U.B. Line· Co.

.80

Uorted Gen Corp.

18T

January parchace

raw market, leading refiner reportedly bolight 3,000 tons of Mexican rows at 8.20 cents a pound, delivered, for late-December and carly Another loading.

OL of 2,530 tons Philippines, due In mid- February, was reported at 6.18 cbaits, delivered. Later, another • refter bought 9.20 of Mexican ruwa, late Dec.-carly-Jan. load- ing at 0.12 ents à pound, deliveredUP),

1959-12-11 — Page 2

Comments

Private Research Note