1960-01-08 — Page 2

OFFICIAL NOTICE

Propusnt to change ʼn Ship's

Rame

71, Yan-Shin Zre of 13A Kal! Yuon Terrace, 3rd, 11.K., in hereby give notice that confequence of Change of ownership, I have applied to the Minister of Transpori under Section 47 of the Mer- chant Shipping Act, 1894, In respect of the British Steam ship RIVER CLARENCE of Sydney, N.S.W. REGISTRY Ometal Number 174699 Gross tonnage 5031 tons Register Lonnage 2662 tons, heretofore owned by Australian Constal

"

THE CHINA MAIL, FRIDAY, JANUARY 8, 1960,

WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE

London

1959-A PROSPEROUS YEAR market

Near record

gains

in

most sections

Shipping Commission for per The year 1959 has been a

mission to change her, name to GOLDEN ALPHA and to have her registered in the new

name at the Port of HONG KONG as owned by The t World-Wide Steamship Co..

Marinin 420 Menpitong

near record

* The

Kik Back Lombard Unica Wheelock

IK Whart

share

market

Jati. 7

1195

4071

+855

glance improves

Dividend

& Bonus

☀

London, Jan. 7. Business improved after d dull start on the stock exchange today.

Government securities showed better tendency after an- nouncement the bank rate would remain unchanged.

at

a

1

Dec. 13

Dec. 17

Dec. 26

Deo. 31

Up or Down

Yield (%)

1055

1470

1005

1110b

4.2

431

89110

sab

30

3934b

150

$2

5.1

BIL

2016

05

94

$1

$3.40

1.9

8.65

5.00

0.70

G

6.15

+160

250

4

149

130

141

140

146b

steady

$8

5.4

BK Docks

64

50b

8714

5714

53

+500

$5

1.0

a

Taikoo Docks

Job

181

2914

303

+$1

$2.80

4.8

Provident

16.30

16.10

10,00

17.40

1714

+100

41.30

1.2

ifk Hotels

2234

2214

321%

331

332,

+25c

32.50

74

HK Lande

31/

173

384

381

S931

431

$2.30

6

HK Resity

1.425

1,40

1.40

1.45

1.525

40750

15

9.1

13

2154

3214b

34

33

Sz

136b

145m

+$0

39

6.2

Yaumatis

127

127

$28

120

13

+31

$8

G.L

Ch Light

19.90x4

19,40x4

19.60xd

19.70

20.20

+50c

$1.10

6.4

Kitetrics fold)

25.30

20.30

26.20

25.00

26.40

+80c

$1.90

7.1

Electrios (new)

1

24.10

22.90

22.90

24.20

25.20

+51

ilk Telephone

30%

80%

213/2

3214

3214

+250

$1.75

8.3

G. I. Cement

7744b

39

3914

45

+TBC

$3.25

www.k

Dairy Farm

20.40

20.30

20.00

21.69

22,20

+000

31.55

6.9

$2,094,000,

A. S. Watso

1914b

10.70

19440

22

steady

4.5

Lane, Crawford

25.80

25.400

2014

27.30

27.30

steady

32

7.3

The activity in the

Int'l Investment

6.40

6.10

0.308

8.55b

6.80

+25c

35c

share

In-

Allied

3.40

0.10

6,150

5.20

534

+300

25c

4.5

HK FK Inv

11.Jon

12.30b

12.700

2,701

12.70a

steady

00

7

Textile Corp Nanyang

5.05

6.50

0.10

914

9.45

+20c

65c

6.8

14x

14kxd

13.80

14.30

14.00

+000

170c

4.7

for the local stock market and not since the 40's have prices risen as high as they are today.

rise of over A

30 per cent most ibas been

in Tovarded Honse, counters in the fast ten months "well over and in seine cases tort, Textile shares have risen 100 per cen).

་

Nas obiection fo the pre posed change of name must be sent to the REGISTRAR OF SHIPPING at HONG KONG within SEVEN days from the appearance of this advertise. ment,

Pater of HONG KONG the 7th day of January, 1960.

The World-Wide Steamship Company Limited.

NOTICE

Profit-taking of course follow Tuesday: jd each rise but the market was well absmibed and .ollowed ench pate of profit-taalug further rise.

with a

The boom in the stock market appears set to continue and the New Year opened with sustained enquiries for

counters most

rates resulting in higher round.

Good prospects

all

A noteworthy feature this past werk has been the recovery of Watson shares after having been neglected for nearly two inoutlis. The excellent general econornic and industrial prospects of the Colony have had a strong in- fluence on investors. Hongkong i products have hind a good year on the textile market.

news for 1959 has Company been excellent and there is every expect a belter year

TO U.S. CITIZENS and this was reflected

be

Most U.S. Citizens will reason to

U.S.

required

10

file

#

for 1900.

Banks ended 1950 excellent nofe

An and in the past

on

$1,205.

noteworthy are:

Good gains have been re gistered since the beginning of December and some of the more

Hongkong Bank

$110; Union Insurance up $30: Stor Ferry up $10; Yaumatles up $4; HK Electrics up $1.10: Cements up $2 and Watsons up $2.50.

up

U.S. Federal Income Tax two weeks reached a new high of Return for the year 1959, citizens residing in Hong Kong, wishing to file their Federal Income Tax Returns for the year 1959 informed that 2171 Are

Yesterday a slight general re- of ollicer

Internal the

cessing set in when the market will Revenue Service

be was depressed by a drop of 64 visiting Hong Kong from in London registered Hongkong reflected

This

over $

Bank shares, January 11 to 15, 1960, from the apprehension in order to give advice possible rise in the London bank

Fale.

The

market immediately reacted on fears that banks in

and assistance with any problems arising when All-Hongkong would follow ult.

Al the close there were slight

the

Market diary

ing in forms. Interested signs of recovery. persons should call American Consulate General: Telephone No. 35071, Ext. 220, for an appointment.

Monday:

The market opened strong for the New Year and there sustained en-

were

SECURITY 5%

SECURITY—The Bank's Capital and

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-

le, 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.

Entrees paid without deduction of limited Elægdom incume sam Write today to the General Manager for your copy of "Bank Deposit Account" booklet No." AQ.74)

LOMBARD BANKING

Bipod Pics:

LIMITED BANKERS

LOMBARD HOUSE, DUZZON SYRÉNY

PARK LANE, LONDON W.

Tathamy: 900 4110 (30 Ruper

Ázsociated Bank J LOMBARD SASKUD (SAN SARTI LID ED. COX 7993, 3100KS FLOON FILATION HOUSE, RAFFREY QUAY

A World-Wide Bank hat and Podaci Ormanitarian

quiries resulting in alt higher rates round. Turnover Approximately

market

creased and prices extended their guins notwithstanding

some substantial profit-taking which WD 5 comfortably absorbed. Turnover was $4,304,000.

Wednesday: The

Thursday:

reacted

stock market on bront-

taking during thr

half day cession with losses regis- tered In most At the counters. clos there ap- peared to be more interest. Turnover WD3 approximately $1,908,000.

The market Was depressed by the substantial drop in Hongkong Bank London registered shares. Volume of business transacted vos approximately $2.530,000.

HONGKONG

STOCK EXCHANGE

by

Our Own Correspondent

HK Trams

Blar Ferry

175

011

130b

-250

New York market suffers

New York, Jan. 7.

Eisenhower

more

Tight money fears and a deflationary State of

Union Message by President brought a substantial decline in stock pricesi today, which, tacked onto yesterday's losses, Kennecott Cupper crased the sharp gains into new high territory | Kimberly Clark on Tuesday.

Trader sentiment was dampen- |Crown Zetterbach

Cuban Amer. Sugar ed by the expectation of Pamond Alko sible advances in both the price Diamond Gard

| Distillers-Seagimen il and discount rates,

Dominion Stores Douglas, Akrer att

Cherrick ........ Dupom de Nemours Eastern Air Line Eartman Hodak

The downgrade of the past sesions was disappointment to the bulls who saw in Tuesday's elims in new peaks the resump- ion of new bull market,

Steel issues were depressed by President Elsenhower's call for both management and labour to go all put in their efforts to avold price boosis. Nateral Steel and three Amoco both fell around points, U.S. SHeel more than two, and Bethlehem, Wheeling and Hepublic cound a point each.

AN EXCEPTION

American Motors continued a robel in the cats, rising around three points while Chrysler lost and Ford Rnd about one, General Motors dropped large fractions,

Business done at the Hong- kung

this Electronics continued to And Stook Exchange

going in the New Year, morning amounted to

appro-rough

down ximately $1.345,000. Noon quota- with Texas Instruments tuns and the morning's trans- more than three after being off 23 much as seven at one time. actions:

six points, General Time fell Brasing the gain made yesterday following announcement of stuck split and dividend boost,

Today's volume was 3,310,000 shares.

Sharel BANKS 1k hank

Dayers Sellers

1770 1583

Sales

99 63173 10 1173

Weleyba

INSURANCES

Unlin

N3

SHIPPING

21

Wheelock. G.IS 1.25 40034.15

K. 'Wharf.

148 131 Dock

373 Prov.dent 13.00 17.80

Tulkoo Dock (0.75 LAND. ETC.

IX tel. 33.75 34%

HX Land. 40 40%

1000 8.13 9000

2004 56 1000 à 17:00 375 of 17% 1000 17.00 2300 17.00 300 10.75

603 47 24 260024

2439.73 *200 (40 200 40

Humphreys 23 2120 000 e 21

אוגי וכת

C. Light

3000 #21

50 21.30

250 or 21

1.33 29100 125

10:00 - 1.3k

Of a total 1,233 Issues traded 351 were higher and 019 lower, American Exchange volume was 1,490,000 shares.

Bonds volume amounted to $5,040,000.

Dow-Jones closing averages

were:

no industriale 20 rale ... |15 11lities

ES stocks 40 bonds.... Comm, future prise

index

Closing prices

Abitibi Pur, & Paper

Alden Inc. Acy. Algoma Steel Corp. Allied Chemicals

Allied Milis Inc.

Allis Chalmers

677.00

Paso Natural Cas Family Tinwesce Corp. Wirestone Tyre & Stubber First Nat. City Bank Ford Motor Co. of Cans, Ford Motor Georgia Pacific Generst Dynamies General Mectric

Foods Motors

Kansas C. Power & Light

Liggett Myers Tob. Co. Llty Trap Lition Ind.

Lblow Groceteras 6315 Lockheed Aircraft

Lone Star Cement Co. Lowenstein & Sahs.

McDermott J. Hay

National Biscuit Co.

National Lead

National Steel Corp

49

losses

Safeway Stores

00% Saint Reg. Paper

69 Schenley Inc.

Beot! Paper

68 Sinclair Cit

50% Smith, Kline & French

Socony Mobil O

51 Solar Alteraft...

South Puerto Rico Sugar Southern Ca. (The

Tradera Paner

Warrants

6254 Tri-Co Century Fox Fum

ADI

42.

19

497

בוא!

Steel and engineering shares particular brightened up tol- lowing a downward trend during- the past few days, Several lead= | ing electricals Improved Fords were strong in the molor division.

And

Gold shares registered a nuni- ber of losses though there were occasional firm späts on Amert- ean buying. Coppers were irre- gular and oils eased to close mainly lower on balanes.

The Financial Times. index was 332.8 1.2.-AN,

Closing prices

Giftedged Bands

British Transport #

1935/80-

07-7/10.

Conos 2-£9/10,

Consola 4-£73.

Conversion Loan

PG0-

Funding Koon www. 1959/09- CHU

Funding 271-1/18

Stock 35%,

1700/2004-

Funding Loan 4. J904/MO—-A13, Savings 3 1036/63-92-7/18. Saving 30, 1900/10- FRI. Savings 20%, 1965/78-2704%

Banke

Darclay' Bank "A" Ltd ord→→ પ.

Chartered Dank--004 Bd. Hong Kon Werlininster Bank "A" 12 Non-Cumulative-dis 34.

Insurance

Union Insurance Canton-E3-11-10,

Afterall and Moistu

Brith Motor Corp. Ord-23 1:40. De Havilland Alrerate 21x p Ford Motor Co-11 10340, flowker Siddeley Group

Rooles Ltd "X"~ila 10?5d.

Cret

Standard Trovaph International- Il d

Breweries

Divers Co-Jia Dd.

Birlie Sicel Lid-478." Vickers 370 9.

718.

Food and Tobacco

British American Tob. Co., Ltd-- perial Tobacco Co., Ltd-10% bd.

Mellaneous

107

30

Southern Natural Gas

321

McDonnell Aircraft

Southern Railway (Oct.)

Standard Brandy

ROLL

3096

Mesabi Iron Corp.

18

Standard Oil of Cal

Mineola Mining

170*

90

Standard Üll of ind,

25415

Minions Developinent

Standard Oil of N.J

Maison Drewery

481

21034

Monsanto Chemical Co.

$2

42

Montgomery Ward Mutura Ing.

51

Steel Co. of Canada Steep tinck ... Sterling Drag Co.

171,5 | Stokely-Van Camp.

78

Buliding and Materia's Associated Portland Cement

14. FOT.

241% done & Webster

Pinehin Johnson Associates Ord-

National Cash Reg. A

60% Budebaker-Packard Corp.

*

Dd.

570.4

National Dalry Prod.

479% Sunshine Mining

1031

Swift & Cu.

5242

Texp Co....

Coa), Birel and Engineering Daboock &

New York Central

30%

Textron Inc.

M

9736

Noranda Mines Ltd

481

Thokol Chem.

103%

Norfolk Western Ry.

102

Tide Water QA

North Amer. Aviation

37

Time Ine

433

Northwest Airlines (Com

29

774

Olin Mathieson

Oil Elevators

8441

23

Owen-Illinois Quim

305

B

Oxford Paper Co.

4076

Pacific Gas & Elec.

m

Pan American Airways

Paramount Pictures

· Parke Davis Co,

Corp.

Penny J. C. Co.

127

3414

Penn, Salt Co.

30

Philip Morrla

21

Piney Bowes

33

204

47%

Procter & Gamble Co.

1001

38

Pittsburgh Piate Glas

11

Publicker Industries

10

48

Pure Ou

36

Waukesha Motors

45

82

Radio Corporatien

ថ្ងៃៗ !

Westinghouse Air Brake

31

3

Radio Corp. Fre!,

611

Westingholme Electri

11092

442

50

C81; Winn-Dixie Stores

Western Unten Tel. Ca Wat Ya. Pulp & Paper

56

--- 31.

2016

| Woodworth (KW)

Blores

50% Zenith Radio R1

Univerzal

Slates

"A"

Gen. Pub. Util. .......... Gen, Tyre & Rubber Geity Ol... Ondon Co. Goodrich (F) co Goodyear Tyra Grumman Alecraft

u Oi!

ammond Organ Heyden Neuperl ram Walker Homestake Mining Co. Hum Refrig

Idaho Power

Imperial Oil .... Imperial Tobacco Ingersoll-Rand

Inland Steel Co.... Interchemical Corp. Int'l Business Machines

Int Harvester International Nickel Internation Paper Ini Trí & Tel Johns-Manville Co.

Raytheon

409 Repubile Steel.

Brynak Metal

Royal Bank of Canada

Sears, Roebuck & Co.

100

134

37

4771

Shell Oil Co.

Yesterday's Closing

Union Carbide

Unica Où of CH.

02 Union Pace Radway

United Aircraft

41% United Gas Corp.

4U.S. Fou

VA. Gypsum

V.A. Line Co.

GU.S. Rubber

US, Smelting

U.S. Sted

7814 U.S. Steel 7 P.C.

Warner Bros...

***UPI.

COMMODITY PRICES

METALS

20% per ib.

481 Lead

8046

114

Jan.

Mar

2812 Zize

J-L

619 Mer.

NEW YORK

LIVERPOOL

Closing prices all in pence per Jb.:

American Contract March/April: 22.70; May/June: 251 July/Aug: 27:30: Oct/Nov; 21.75: Dec/Jan: 21.70.

Axed Contract

RUBBER

Mar.

SUGAR

Bpol-it.ob. Cuba)

all in

Total Saite: 398 contracte.

Open interest: 8,967 contacts,

Boardman Marion Ltd-48 $130. Brities Oxygen Lid. Ord--€24 D. Canadian Pacific Dunlop Rubber Comits End. Hongkong & spuna Gu-NE Imperial Chemical do

Lyons & Co-Sle 3d,

Untiever Lid-137: 96.

Paper

75%0.

Bowater Paper Corp Ord---751⁄2 34.

Padio and Associated Electr

04. Flectrical & Musical-54 30.

Cols 34.

Engluh Eachoving

Co.

Indo Chian Steam Nav. def Onavigation del ord

P&O Steam

„Great 130%

She died

Marich & Spencer Ltd--728 11:4. Woutworth P. W. de Co-din od. Textiles

Healty RUBBER

1.573

Closing prices, all in

cents

Singala

4 15

3.50 3.70

4.30

March/April: 23.30) May June 21.30, July/Aug: 23; Od/Nov: 25; Dec/Jan: 21.26----UPI.

NEW YORK Closing prices

cents

per 1b.:

11,30

Contenot No. 4 (world)

11.32

March

May

UTILITIES Tram Yaumatt

July

$1,07

3271

133 13: 20.33 30.40

34 3000 A 34

30%

12.18

Seut

Ain. Brake Shoe

Oct.

Copper

Jan.,

200 132

American Airline

2000

Ain, Cabis&adio Corp.

123

Mat.

23.30-31 31.00

100

20.10

American Cyanerid Co.

LONDON

1000

20.30

Amer. & Forge, Power

912

40

Closing prices, all in sterling |

174

per lung ton

Buyers Sellers

NEW YORK

Prin

100 24.10

Am. Natural Gas Anterican Soclung

Spot

703

194

#2

3-morghi

783

785

Rex rubber futures closing prices, all do cents per lb.

Blat,

May

July

6.30

Ani. Sugar Ret..... American Tel & Tel

2811 Copper

Bept.

8112

Spok

253

23374

Spot-(CHI NY. ex-July)

American Tab.

10202

3-moni!!

2491%

Anaconda Copper

723%

Jun.

April

Zipe ist half

Jan

14

Apell

1100 20.30

Am. Gas & Electric

20.47 2015 2000 28 48 Am. Home Pray

Elettric

New 25.10

"

Macao E 11:40 Telephone.

33 334

100 a 28.50 Am. Mach. A

American Eclat

65 21.10

300 a 29.20

700 12 291% 3000 33

30.73 404 1700 5+ 40

14

INDUSTRIALS Cement... Repe STORES, ETC. Dalry.. 22,50 231}

WELKOTI

*7,30

1500 et 27 40 1000 @ 22.40 1050 236 Gr 22.40 1000 @ 24.40.

L. Craw....

Kweng S, 11.

COTTONS "Text

27

154

21.30

6 27.30

9.00 1000 $1

Nanyang nd

MISCELLANEOUS

Vibra

INVESTMENTS

Allled.

13.30 1000 14.00

3000 18

Armeo 164

Armour

Asbestos Carp. Allas Cons, Mining Baldwin-Loma-Harn. Baltimore & Ohlə Bank of Montreal

Bank of Nova Scotia

Deech Life Bavors

Bell Telephone

Beneficial Finance

Bendix Aylation Corp.

Benguet Con

Bethlehem Steel

Boeing Airplane

Borden (The) Co....

2000 of 15,10 Horoughe Adt Machine 1000-

18.10 Drilish. Amer. Ou

Britan Columbts, Elec. British Columbia" Pwr.

Calif. Packing_Corp.

| Cana. Ak.. of Coaturi.

| Cats. Browners

Campbell Boup Co.

Canadian Pacific R.

4.00

8.40

2000 4 3.45

| Cilanese Carp

Exchange rates

wisficial

Cs). Tractor

C. 1. T. Farmacial Corp.

Chase Manhas, Bank

Cheynier Bisdown

Chiett Peabody

done in the local Colgate-Papay

#fchange raatkat 117. Kotoribran. Certori Co.

Commercial

indrning at the following raid

US dollare (per $12,

Starting Buten" (per" &1) Awarsilan hole (pak. 3), *** Indonesian rupiah) (par

4. Congo

877 Lead Jat half

481

COTTON

NEW YORK

Jon 2.75: March: 40.50-55: May: 3945: July: 38.25; Sept: 3750; Nov:

37.05.

SINGAPORE

Closing prices all in Straits cente per . fo.b. Malayan porlo:

No. 1 Jon,

Web.

No. 3 Jan

No.

No. 1

Spot rubber unhaled ***

Blank crepe

No. 1 pale repe

LONDON

13836-11574

114-11812

31436-3154

114-115

113-11615

11834-11022

113-118

130-23245

Closing prices. all. In pence

Closing prices all in cents per per ib:

1b.:

No IR spet

Settlement house torm:

12.95: Jap Epot: 13.05 Gen; March: May: 33.08 July: 3232; Ort: 31.31; Dec: 3122; Mar: 5137; May: 31.72.

NEW ORLEANS

Closing prices all in cents per lb.:

mob.

Feb/March

April/June

JULYFSIOL. Ocf/bed.

3415-343

33-621

„General marketi, cik, baur, porta; Jun. Spot: 21.15: March; mo; May: 33.14; July: 2233; Oct: 3131: Dec: Feb. 31.34 MET, 31.00: May; 31,7), Estate erype un an

(Closing prices all in cruzotro por: kilo):... :

All-unquoted

Contract No. 6 (domestic)

Total Sales; 000 contractN Open Interest: 1,858 contracts,

FOREICA EXCHANGE

NEW YORK Closing rates: Cranda

England bekçil

+

30-days

PO-day

Australia New Zealand Boulb· Africa Beladus

Obers unetanged.

LONDON

329204

Closing rates:

muck Feb. 1. AMSTERDAM

Kaw Vark

Montre...

per, kilogram, edit, Jang Average prics in U,S,- st. 14 | No. 1 rupset

Ps designated apoi market;

31,893 nbber

No. 1, rubber.

Total sales: 59,840 baima

WHWA | KRĀNA SET

1,04 10/10

2.7902

2.8010

2.8008

7.7892

2.8005

2.00 15/16-2,01 2,10

•*7371 --17M

Coala 7 & P LEMAK DA Courtaulds Ltd-Bla lyd.

Mines

Cone Golddekia of South Africa-

Jon Zine Corp. Opd-10% 3d. Hongkong Tined

Peining Tin-78 4:53. Hand-Jood.

Bouthern

Com Lee D.

Valon Corp 5 Tid.

West briefontein Doldmining** 2019 bú cor,

B

Bertie

Byndicate-01a, Bd.

British Petroleum Ca

BJ 415d.

Burnable.

Patrola

floyal Dutch Petroleum--~1.2.8 Bell Transport & Tradies unfam Fleuter.

U.S. INVESTMENT

QUOTATIONS

The following are US. In- vestments in American dollars. Buyers' prices includo commis- sion:

Amiliated Fund Am Bus Blue Atom Day Stạt

Axe Hought a Bullock Fund

Coeds Gen Fund Canadian 74 Canadian Int.

Growth

Chemical P

Block

Dreyfus Fund

Sellers Buyer

11.01

14.36

15.20

Eaton & H _Atock

24.79

Electronics Iny

Found Mut purus.

31.10

Ent Found

Hamid HC-T

Telit Orowth

Eestis Incom

By Tr Boston

Cystone Cut B Regione Canada Masa iny 2y Mam Growrth Nit Boy Ger:

Growth Boudder B Toley Valyo

Fd.

V. PAY Wellington P

4.43 3.90

Agreed merchant

rates

Canadian Dollars Maximsim selling 10-9/10 Minimum buy- waxing 16-13/14 T/T, 10-7/8 0/6.