1960-01-15 — Page 2

¡ Page 2

THE CHINA MAIL,

FRIDAY, JANUARY 15, 1960.

WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE

HONGKONG

STOCK

BIG SPATE OF SELLING EXCHANGE

lik Bank

Lombard

Union

Wherlock

HK Wharf

1070

market

glance *

Dividend

& Bonas

5.4

* The share

at

a

Up or

Dec. 17

Dec. 24

Dec. 31

Jan. 7

Jan. 14

Down

Yield (%).

TOPK

1110b

1105

1165

steady

$4B

4.1

30%

зав

39

19116

304 b

steady

12

5.1

8514

8B

95

94

94

Ready

$3.40

3.9

- 5,50

5.30

6.15

6.15

steady

25c

4

139

141

140

1400

148

$B

HK Docks

Sab

5712

5714

58

57!4

13

8.4

Talkco Docka

381

30%

3941

42

+$1.25

$2,80

6.8

Provident

16.20

16.90

17.40

171

17.20

-30c

31.10

6.2

HK Hotels

3286

334

33

3341

331%

-28c

$2.50

7.4

FK and

37A

+38

3811

40

+250

$2.40

.1.40

1.40

1.45

1.525

1.525

steady

150

9.7

312

321ýb

33%

150

$2

130b

127

1406 128

139b

145m

145

steady

$9

130

131

steady

$8

19.40xd

10.60xd

10.70

20.30

20.20

steady

$1.10

25.30

25.20

23.00

20.40

~400

$1.90

7.1

23.90

23.90

24.20

25.20

24.70

-300

302%

3114

3412

J21

siendly

$1.75

5.3

3744b

38

3914

40

1012

+50c

$3.25

7.8

Dairy Farm

20.30

20.00

21.00

22.20

22.30

+10c

$1.53

6.0

A. S. Watson

19.70

10%b

22

21.60

200

$1

4.5

Lane, Crawford

25.406

2014

27.30

27.30

2716

pleady

1.3

Int Investment

0.30

0.3011

0.55b

6.80

C.GO

-20c

9

Allied

5.10

5.13

5.205

512

5.55

25c

4.5

JK FE Inv

12.30b

12.70n

12.700

12.70n

13.90

+$1.20

000

#.3

8.50

9.10 13.80

D'

9.45

8.30

-150

6

0.8

14.30

£4.00

14.909

700

Yaumatis

Ch Light

HK Realty

HK Tras

Star Frtry

Electric (old)

Firetries (new)

H3 Telephone

C. I. Cement

Textile Corp

Nanyang

Hand

ܕ ܂

Slendy

Wall Street advances on

New York, Jan. 14.

The stock market advanced in generally routine

first-hour trading today.

brni

the

of

Support for steels motors, that merger talks with Slude-

have and eletrónica

scattered baker-Packard

off. However, on broken specials put, the market higher ground. Blue chip buy-motor stock showed a gain ing gave the unsustrani stech jmbre Bun a point in the early avage a 1.50-point, edge over trading and its preferred yesterday's close

Sta

of nearly BOVEN.

recovery

Chrysler and General Motors a Georgia Patifie half or better,

bid

Geterol Dynamics Cen, Tyre & Rubber Getty I

Dow Jones closing averages Guif on

arise

were:

Steels mild frm with gains! 34 Industriafı Oliver Curu opened

In U.S. Steel 20 rolla block of 30.00 states at 10 of around one

15 utilities announcements and a half or more la Bethle- following

hem. Republie recovered all of an opening loss and was un- changed,

rased Youngstown bit,

NOTICE

TEMPORARY VEHICULAR FERRY SERVICE

JUMSEY

between

ST.,

VICTORIA (Central Reclamation)

and

KOWLOON The Temporary Vehicular Ferry Service will commence operation as from 12.00 Noon, January, Friday the 1900.

JORDAN RD.,

15th

THE HONGKONG & YAUMATI FERRY CO., LTD.

Hongkong, 13th Jan., 1960.

in

660.53

Hammond Organ

1 Hiram Walker

Huseman Refrig

107.70 Idaho Power

Micael Iron Corp.

503A

102

173

Little

or no

change in

most counters

Large-scale selling of utility

China Lights especially

was

shares the

main feature of the week's trading

on the local share market.

of must counters.

big blocks of

The

Lights which

casily amounted

to over $1 million was well ab- serbed without

effect.

undue adverse

The recent spate of selling ap- pears to be the direct result of

uroft-taking and persistent fears

Our Own Corr, spanaći ne

Business done as the long- kong Slock Exchange this morning amounted to

up-

.{}

London prices subdued

London, Jan. 14.

proximately $1,927,000. Non Trading was subdued on vizations and the morning's transactions;

NK

Shares

Buyers Sellers

INSURANCES Union Log bard

SHIPTING Wheelock.

Docks, ETC.

Dock

Proeldent Falkon

LAND, HC

Majes

60 TU

170 1100

LD LITO

侧

6.10

37%

020

the

17:40 1830 422

Cùm pl

2000 4 XJ

$35

2000 21 15

,5000 m:5

100 0.10

4509719

400 535

2304150 200 256

000 42.78 200 or 43.75 3000 2 3925

203 404

the London Block Market today with most shares maintaining a quiet look despito a no-change bank- ratę.

A persistent slide on Wall Street was another restraining Influence,

Government

qule,

securities were lower.

and fractionally There WES a further down- wani adjustment of dollars stocks in response to the over- night dip in trinsatlantic values.

Oil shares were higher, gold selectively

mainly

bester

but coppers lead to register losses.-A.

Closing prices

Gledged Wonde

British Transport 3%, 1979/80 – £63, Curol 2% 4815

Despite the selling spree there | Monday: was £ttle or no change in prices

Sellers

China

predomin- aled the day's market and though buyers untrded ground there was support at sightly lowe T

levels.

IK H 39.13 341%

$500 of 34

600 24

300 34

In La40 42

8040

400 401

Business fransact-

400 401

જી

atmounted

10

112 401

$2.721.000,

Humphreys

2001

21

300 or 21

20 21 4 tvidenal $1.50 year 1970.

1.50

Funding 153 20.00 Beatty

4-6/10. 14.009 150 AUNBER

23

1,323

4.13

425

Trust....

€140

acho $.55

27.

A. Tawal Suncala UTILITIES Tram

ቁር

400

300

33' 733

2300 33

prit-

4500 33.75 1500 er 33 75

Pat a possible higher Interest Tuesday: rale inouncement in London would dampen the market.

Money tighter?

Business money, appears to be fighter and any further liquid cash seems to be slowly taken off the market. The Hongkong

sume

The market COM- tinued moder:tely active. Eanks showed

imm- provement in YOS-

to DODEC

some Investment buying. Turnover was 5p- proximately

$2,433,000.

Hank's annamment of an in- | Wednesday: Light-scale

crease of increst In Saving decounts may have in a small way-absorbed some of the over- have bren scas funds which ertering the Colony recently.

Far East Investments, a stock fimited pubile Interest, with

33 showed a substantial rise as a 50% result of a few anxious buye

215%

Taikoo Docks rose to a new high of $431⁄4 during the week

down to $42 on Thursday: 37% but dropped

05 stocks

14.91 21033

Imperial DIL

mperial Tobacco

45 bonds

BU.03

Inland Steel Co.

Comm. future price.

index

148.03

Kaker Industries

Kimberly Clark

Lils Tully

80

Lition Ind.

Closing prices

Lowenstein & Sons.

McDermolt J. Nay

401

Algata Steel Corp.

30

Am. Brake Shoe

American Airline

Go

Am. Cable & Racio Corp:

114

Am. Gas & Electric

A. Home Prod.

Am. Mach. & Fury

A Western Union spokesman denied negotiations involving a merger, with General Telephone | Abitibi Pwr. & Paper were in progress and the issue Alden Inc. Acy. declined

br мото

0 point. General Telephone meanwhile lost a larger fraction.

a the motors, American Motors tacked on a point and

OFFICIAL NOTICE

Am. Netural Car

Am. Sugar Hel

Asbestos Corp.

2212

Minnesota, MININĖ Mission Development Normda Mines Ltd. Piney Bowes

Pitlaburgh Plate Gloss

Paulleker Industries Radio Corporation Raytheon

16015 Republic Steel

474 iteynolds MCIA!

Royal Bank of Canada

61

3015 Sears, Roebuck & Co.

25

Shell 01 C

Atlas Cena, Mining

101

Safeway Sores

Bank of Montreal

Sinclair Oil

Fank of Nova Scolla

29

Smith. Kline & French

Beech Life Savers

301

Socony Mobil

4214

Bell Telephone ..

Proposal to change a Ship's nereal Finance

name

1. Yun-Shin Zee of 12A Kai Yuen Terrace, 3rd A., JLK, that in hereby give notice consequence of Change of ownership, 1 have applied to the Minister of Transport

The Ferries will leave from both sides of the harbour at 20 minute intervals between 8.00 am. to 8.00 pm. daily.

This service will carry only vehicles, goods carried vehicles and persons travel- under Section 47 of the Mer- ling in vehicles.

chant Shipping Act, 1891, in respect of the British Steam ship RIVER CLARENCE of Sydney, N.S.W. REGISTRY Ocial Number 174699 Growt Tonnage 50X1 tons Register tonnage 2662 tons, heretofore owned by Australian Constal Shipping Commission for per- mission to change her num to GOLDEN ALPHA and to have her registered in the new name at the Port of HONG KONG S owned by The World-Wide Steamship Co.

Marina 120

House, Lid.. Hongkong.

NOTICE TO CONSIGNEES

Consignees per CIE DES MESSAGERIES

MARITIMES

a.s. "MARECHAL JOFFRE Arrived on 9th January, 1969 FROM MARSEILLES

are hereby notified that their cargo has been discharged into the lang Kung & Kuwigs Wharf & Godown Co. Ltd. Godown where it will be at Consignees Iisk and subject to the Whart'a terra and condition of storage and where delivery may be oblained

Damaged packages are to be lett in the godown for examination by consigncy and the Corapongs Sur

Mess Wood & Browne al 10a.m. on 16th January, 1960.

No elaine will be admitted atter the goods have left the godown and all goods reinsining undeliverd after the 19th Jan, 1960, will be subject to rent.

..

-

All claitos against the vessel tekist

be presented to the undersigned on

or before the 8th February, 1950,

ur they may not be recognised.

No Fire Instimhon will be effected,

MESSAGERIEK MARITIMER ·

Hong Kong. 15th January, 1600.

Any objection to the pro- posed change of name must be sent to the REGISTRAR OF SHIPPING at HONG KONG within SEVEN days from the appearance of this adverting ment.

Dated at HONG KONG the 15th day of January, 1960.

The World-Wide Steamship Company Limited.

NOTICE

JORDAN ROAD-JUBILEE STREET FERRY SERVICE (VEHICULAR & PASSENGERS)

As from the 15th January, 1980, the above ferry service will be operated on the following timetable:-

Leaving Jubilee 81. Pier Every Leaving Jordan Rosa Fier

20 Min. 0,20 m. 7.00 0.m. 120 am 7.00 0.

0.20 QL- 7.20 0.

7.40 km- 8.00 a.m.

8.00 a.m. 10.88 pan. 12.00 idnight

10.24 plan.

13.20 m. 1,00 230

10

8.00 4.in. - 10.00 pan. 10.18 p.m. 12.00 Midnight

"

20

1.00 0.3

יד.

17.20 am. - THE HONGKONG & YAUMATI FERRY CO., LTD. Hongkong, 14th January, 1960.

Benguet Cons.

Ferien (The) Co

British Columbia Elec.

Bleh Columbia Pur.

Calit. Parking Corp. Cana. Bk. of Comm. Campbell Soup Co. Cat. Tractor Chase Manhal, Bank Commercial Credit Consumers Gus

Standard Branda

Standard Ulf of Cal

1 Standard Oil of Ind.

Standard Oll of NJ.

Sterling Drug Co

Stakely-Van Camp

Sunshine Mining

Thickel Chem

16%

30

Steel Co. of Chrads

4316

2011

hei

Stone Weister

3216

Swift & Co

Celanese Corp

207%

Texas Co

Best

Textron Inc.

Columbian Catbon Ca

4024

Time Ine

STA

Traders Finance

Consolidated Paper

Tri-Cont. Warrants

2412

Union Carbide

$15

Union Oil of Cal

320

Union Aircraft

497%

U.S. Poll

304

US. Gypsum

U.S. Rubber

00:

130

Cammod Imperial Milis Crane Ce......... Distillers-Seagians

Dominion Stores

Douglas Alteraft Dow Chemical Family Finaner Comp Ford Motor Co. of Cana,

Firestone Tire & Hubber

Ford Motor

STAL Union Pacific Railway

Yesterday's Closing

Warner Bros

Westinghouse Electric

WoolworthİK: WI

Zenith Radio

401%

profit-taking.

slightly

Rubber shares were depressed .but came in for sup port at lower levels.

5% drop

Quite a few rocks, including Providents, Hotels and Trams. trom have declined about 57

But all have mel 7 their highs. 10, with some support at their

o present levels,

Movement in both the Electric companies has been limited. Supporters are apparently wail- indication of the Ing for some result of the recent Commnission

62 of Inquiry.

With present prices remaining soy fairly stay there appear

Indication that 48% to bo

427

the market will decline further. Some even venture to say that great things are in store for the market this year.

Market diary

Friday:

The market

30-

peared to be re- Ita covering from

recent setback with Interest centred

chiefly in Banks,

Providents, Lands,

Lights, Trams and

taking was rus- ponsible for the decline in a number of issues during the halt day session. Selling pres- sure, however, was small. Tamover mounted to $1,225,000.

Though there was a general amount of trading the market closed without material changes.

Volume of business

::

1500 or 33

141 יד אל

Star Ferry

145

145

210 12 143

Yaumath

130 131

C. CRIST

20.10 20.30

40 20

1800

20 10

1000

9.20

100

200

2000

20.20

1000

20.20

120 fr 20.30

500

Electric

20.20 261y

New 24.00

11:0

34

Macan F. Telephone

transacted was, ap- INDUSTRIALS

proximately

$2,117,000,

JAPAN TO

CREATE FUND

FOR ASIAN ECONOMY

20 20

300 : 20.240 DOG 24.30

233 25

331%

3000 32.76 C432,75 3000 33

50033. 100033

Cement

441

140% 200 1200 £2

100 41

STORES, ETC. Dairy

21.70

27

1500 22.40

2000 130

450 22.40

500 22.50

22000 22.00

3700 22.70

2000 22.80

Watano

**

50042

DOO 21.10

1. Craw..

27

COTTONS Textile

25

2000 (4

3000

25 23

4000 .25

500 9.30

1000 9.23 2000 et 30

NanyanЯ** 14% 14.00 MISCELLANEOUS

13.70

6.55

5.35 5.00 305.55

1330 13.00

1000 46.87

6.03

Int.

Tokyo, Jan. 14. VIDE The Japanese Ministry of INVESTMENT

the today Trade said Government would create & FE a special fund te pro- mote

ro-

Invent.

operation

economic

with

South

East Asia.

U.S. INVESTMENT

A large part of the overseas

Dairy Farms. Tum-economic co-operation fund will be used to facilitate exports of was ap- proximately Japanese surplus $2.757,000.

over

COMMODITY PRICES

SUGAR

Blanket repo

No. 1 pale ONDON

1125-13435 130-132

Closing prices all in pence per

ib:

No. 1 spot .....

Settlemení house term:

Jan

Feb.

Jan/March

303

3.00

Jan.

33-333

336-03-

Mar.

May July Sept Mar.

123

Spot (fo.b. Cuba)*

12.90

Total Sales: 313 Contracts.

Contract No. 6 (domestic)

Mat.

540

per kilogram, c.i.f. Jonitary

No. 1 rubber

22 1920 nom's

May

No. 2 rubber

July

Sept

9.73

No. 3 rubber

Total Sales: 17 Contracts-UPI.

RUBBER

No. 1 crepe

Spoi

3-month

240

Leed ist hai

Jan

April

Zánc let half

Jan.

Apri

{

2321

for

QUOTATIONS

goods Local currencies, the Ministry

The following are US. Invest- said. The local Currencies thus

loaned back ments in American dollars. acquired will be the importing countries for Buyers prices include commis-

CITY LIGHTS

TOY COMPANY.

sion:

Amilated Fun Am Bus Stirs Atom Dev Mut

Axe Hought B

Sellers Buyers

7.50 8.12 4.14 4,42

Commals -£7 Conversion Loan コジョジャ 1000-

3 1039/60-

Tunding Stock 31. 1900/2004- Funding

Iph

Savings 3. 1965/65-- CNY Ravings 32. 1000/70-1827 Savings 3, 1995/75-£75/6

Danki Chartered Bank-cos Gd. Hongkong-£03.

Uniun

£6-11/18

Insurance Insurance

"Alteraft and Motori

1000/90-

Cantur-

British Moler Corp. Ond-22c!.

De Havilland Aircraft-207.

Ford Motor Co-}{9 414.

Standard Triumph International- Ils pd.

Brewtries

Outillers Co-37 44.

Building Materials

Associated Portland Cement-799

Pinchin Johnson Acciates Ord

100

40.

Coal, trel and Engineering United Steel 5d.

Vickers Lid32 sky.

Food and Tobacco

Briti Aerican Toh, Co. Ltd- Imperial Tobacco Co., Lid—720, Miscelaneous

BLO,

Canadian Pacific_103-$476. Dunlop Rubber Co-2 Hongkong & China GA-138 Traperla Cheniical-60 1. Lyons & Combe.

Unilever L-134s 3d

Paper

Bowater Paper Corp Ord-14 34. Radio and Electrical

Associated Electrical-65s St. Electrical & Musical-5 31. English Electric Co-4 3. General Electric-445.

Indo-Chinita.

ord-314

Abipping

Blean Nav. Co. def

1 & 0 Steam Navigaton det ard- 47.

976

Ntores

Marks & Spencer Lid-7la_f. Woodworth F. W. & Com87 10.

Textiles

Coats J&P Lid-34 Courtaulds Ltd

MIDCE

13150.

Cone Goldhelds of South African

Cona Zine Carp. Ord-744 Dd, Hongkong in-56 44d. Petaling i 60.

Rand-100 T

Southern

Cons Lid-3) 3d.

Union Ed.

West Driefontein Goldmaning-

2008.

OL

British Romen Petroleum Syndi- cafe-61 3d.

Brith Petroleum Co, Ltd-80# 3d. Burmah-

Iloyal Deich Petruleum-£16-7/26. Shell Transport & Trading-1576

-Reuter,

5.43 5.83

037

U.S. employment

Washington, Jun. 14. Employment in December climbed to a record high for the month, the Secretary of Labour, Mr Jamal P. Mitchell, reported today.-UPI.

Exchange rates

Business Wa done in the local Unofficial

8.02

Bullock Fund_....

14.78 13.46

Canada Gen Fund

14.42

Canadian d

17.49

18.03

Canadian Int Growth 20.15

11.10

Chemical Fund

11.00

12.05

Comwith Stock

15.83

Dividend Sh

2.04

3.36

Dreyfus Fund

15.18

18.50

Eaton & H. Block

24.87

Electronics Inv

799

8.73

Found Mut Fund

11 24

5.31

A30

10.95

11.03

12.75

16.07

1.30

Iny Torton

11.95

13.00

Keystone Cast B-2

21.57 2302

Keystone Canada

13.96 10.11

Make In T

$4.04 10.10

exchanic market

tbls

Mans Growth

14.43 15.60

morning at the following rales:-

Nat Sec Ser: Growth

9.00

0.44

Us. dollar (per $1}'

5.70

Scudder St & C

19.37

Sterung notes (per £1)

13.86

Telev El Fd,

10.24

17.30

Australian notes (per ell...

12.54

Value Line Fd

7.24

7.93

Indonesian rupiah. (per 100)

7.10

12.00 12.15

Battleals (per 100) ............

28.08

Singer (Birzite)

Hamil Td HC-7 Instit Found Inatit Growth

Instit Income

10.48

NEW YORK Contract No. 4 (world) Closing prices all in cents per

July/Sept. April/June Det/Dec

General markets, cid. basis, ports?

1.13 Feb.

3.17 Estate crepe thin. Jah............

nick Feb... 50%

AMSTERDAM

Closing prices ail in guliders

354 buses In buyers 3.81 buyers.

METALS

COTTON

LIVERPOOL Closing prices all in pence per lb.

American Contract March/April: 22:13:

#ta electing my son' to this board as" director I'm sure we will find his experience a great asset to

the company

London Baprens Bervlet.

May/June: 23.05: July/Aug; 2243; Oct/Nov: economic 2100; Dec/Jan: 11.75.

Mixed Contract

development. The fund will be established during the next financial year which March/April: 23.05; May/June: starts in April this year. 23.35: July/Aug: 21.80; Octov: 22.05 Dec:/Jan: 22.03: Mar/April: Surplus goods exportable

FOREIGN ENCHANGE

under this system will include nitrogen fertiliser Buch 25 ammonium sulphate and textiles, the Ministry said.

Under the present plan, the luons in locul currencies will bear an interest of between two and three per cent.

They wil be repserable in 10 10 15 year lartalments after_an infilat period of three to five

sark

The Ministry said it would 2.00 0/1300 11/10 g to that export under this plan were not competitive with, but eqmplementary to Japan'a normal exporja, ruperatiopa, and scondinis and technical assial- face tirgus" gibar dandala-

V. I. P.

Wellington Ta

Steel-see how it shines

Sisal has been reporttig hett Put at hig

asking big news, with leading stosimakers Widia and the industry: announcing out. “Surels. This chset shows how production lyrepent months as Keitain's bopra

sad pat mire widely.

Konden Express AER

Rex rubber futures closing

NEW YORK

January March

all in cents per ba

May

Ju

Gept.

Nov,

40.33

NEW YORK Closing prices, all fa cents per

lb.:

Lead

Jan.

Mar.

11.00 11,72

-37,30

Zinc

11.00

36.40

Mar

12.18

Copper

Mer

239.70

LONDON Closing roles:

New York

huntrea Brussels

SINGAPORE Closing prices all in Streits lb. 1.b. Malayan

cents.per porta:

No.

Jack

No. 1 701.

No. J.

No. Jen

Spot "rubber imbala

Closing prices, all in sterling | Böpenhagen

LONDON

per long to

Tira

Spot

R

Kéiten