1960-01-22 — Page 2

NOTICE

THE HONGKONG & YAUMATI FERRY CO., LTD.

TIMETABLE OF FERRY SERVICES FOR CHINESE NEW YEAR PERIOD INSIDE HARBOUR

SERVICES:

The undermentioned Sur- →→→vices will be extended up to 3.00 h.m. on the 26th and 27th January, 1960 (L.e. early morning of the 27th

28th).

Jordan Road Service

Wanchal Service

Mongkok Sarvice

Shamshuipo Service

and

Western District Service

Kowloon City Service

OUTLYING DISTRICTS

SERVICES:-

Cheung Chau Ferry

Service:-

BUS-

The 4.00 a.m. forry from Cheung Chau to Wilmer St. via Aberdeen will be pended from 27th to 30th January, both days inclusive.

Bus-

The 5.00 p.m. ferry from Wilmer St. to Cheung Chau via Aberdeen will be

to 29th pended from 20th January, both days inclusive,

Tal O Ferry Service:--

The 4.00 a.m. ferry from Tai O to Wilmer St. via Aberdeen will be suspended from 27th to 30th January, both days inclusive.

The 1.00 p.m. ferry from Wilmer St. to Tai O vin Aberdeen will be suspended from 20th to 29th January, both days inclusive,

The Excursion Perry to Tal O will be operated on Wednesday, the 27th Junu-

ATV:-

Leaving Hongkong at 8.00 a.m. for Tai O calling en route at Tung Chung. Returning from Tai O at

6.00 p.m. calling en route at Tung Chung.

Tolo Harbour Ferry

Service!--

THE CHINA MAIL, FRIDAY, JANUARY 23, 1960.

WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE.

London closes

REPORT WEAKENS MARKET lower

Shares of power * The companies take a jolt

The Stock Exchange was dominated by the report of the Electricity Inquiry Commission yesterday resulting in over 60,000 shares of Chino Light and HK Electric changing hands at reduced pricos.

China Light dropped

from per sbare of China Light and

which coincidenlully

$1.20 to $18.30 closing at $18.50 $26 per share for Hongkong

while Electries declined from Electric $21.50 to $23.00 and closed $24.10.

at were the closing rates for these two shures on the day botore the Most utility counters especial-report was made public. ly Trams and Telephones show- ed fractional losses in sympathy. Other

counters were Also affected. but to a much smaller Friday: extent.

report?

The roport

Market diary

And what of the Comanission's

opinions ex- Here are some pressed among financial circles: One said: "There is no pre- cedence for nationalisation and Monday:

free enterprises, destroying they do it to our they will have to do it to others."

If

"Government has In the past rejected recommendations by Commissions-such as the rent Commission 1 don't see why they should adopt the Electricity Commission's recommendation, Tuesday: said another.

"Nationalisation is currying it a bit too far and I doubt if Government will go all the way. A control of rates and sur- be quite suffi- charges would jelent," said an industrialist.

And so it appears the report | Wednesday: among certain circles exnetly Favoured.

The blame

is

not

The blame does not lie on the

On the 28th, 29th and 30th Commission. January, 1960:-

They were faced with the job of Anding some sort of control exactly were not but they

The morning ferry will helped along the way. The de-Thursday:

leave Tulpo Kau at 7.45 cision they arrived 1 is under- a.m. instead of 6.30 a.m. standable

attitude

the and and will leave Tap Munadopted by the two power cum- panies did not help matters.

at 9.30 am. instead of Theirs was one of all or nothing

with no attempt at compromise. 8.00 a.m.

The Commission's job has been Hongkong, 20th January, done and the buck is now passed

-1960.

OFFICIAL NOTICE

Proposal to change a Ship's

name

I, Yun-Shia Zoo of 12A Kai Yuen Terrace, 3rd f., HK., that in hereby give notice consequence of Change of ownership, I have applied to the Minister of Transport under Section 47 of the Mer- chant Shipping Act, 1894, in rospect of the British Stewn Bhip RIVER CLARENCE, of

KONG HONG

REGISTRY Official Number 174699 Gross tonnage 5031 tons Reglater tonnage 2662 tons, heretofore owned by Australian Coastal Shipping Commission for per- 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 Tho World-Wide Steamship Co., 3td.,

Ноиво, 420 Marina Hongkong.

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

Dated at HONG KONG the 20th day of January, 1960,

The World-Wide Steamship Company Limited.

To ADVERTISERS,

for

BUNDAY POST-HERALD Присе

commercial advertising should bo booked not later than noon on Wednesdays. For the South chinA MORNING POST and thi OHINA "MAIL, 48 hours before data of pubileation. Special Anasuneemmate and Clamiffid" "Advartise mante as unkn

back to Government.

And what will Government do? Are they willing to pro- duce $220 million for Light and $200 Hongkong Electric

China

mulion

for

these

520

As a point of interest two amounts work out at

market นคร

Anctive with Banks, Taikoos, Providents, Hotels, Lands and Cements showing

some improvement.

T

Turnover was little over $3 million.

The market closed steady to firm with fractional als

predominating, Volume of businesa transacted was ap- proximately $1,890,000.

IK Bank Lombard Union Wheelock

IIK Wharf

11 Docke

Taikoo Dooks

Provident

share

Dec. 24

market

17.20

glance *

Dividend

Boim 318

London, Jan. 21. The 'raising of the British bank rate from 4 to 5 per cent led to widespread markdowns in the London Stock Exchange today. Selling pressura พว nnt

but greet,

quotations were Jowered all along the line as a

precaution against dumping to realise copitel for more pro- fitable investment.

U.S. doller stocka once again Anished on the minus side in response to the continuing heaviness in Wall Street,

Gold shares were weak, da- monds lost ground, and oils were

| irregular.—AP.

at

Doc. $1

JAK: 7

Jan. 14

'Jan. 21

1005

1165

1205

£180m

Lp or

Down +$18

Yield (%)?

4.2

386

30

39%

9944

39b

-264

5.1

88

DE

94

14.

93440

---500

$3.40

3.9

5.70

0

6.15

0.15

0.10

-Bo

BJo

141

140.

16Gb

148

1490

aleady

KA

8.4

5735.

5714

58

5714

50

-$1

15

8.8

3012

30%

40%

42

428

ready

$2.80

6,8

10.80

17.40

1/2

17.40.

33

3314

334

335*

+200

$1,10

6.2

3834

+250

$2.50

7.3

3812

387%

2044

40

4133

-$1.75

$2.40

1.0

1.40

1.43

1.525

1.525

1.525

steady

150

9.7

- 3246b

34

3394

✓-3334

331

+250

$2

6.9

1400

1996

1456

143

1470

+$2

59

4

128

130

131

131

130

10.00xd

19.70

20.20

20.20

13.80

31.40

31.10

5.8

0514.

25.20

25.60

20.40

20

20.10

-$7.90

$1.00

7.0

Consola

23.00

24.20

25,20

24.70

22.70

--- $12

3114

3211

324

324

32

-500

$1.75

5.5

30

99%

40

403%

-424

+$2.75

$3.25

7.4

20.90

21.00

22.20

22.30

23

+70c

$1,55

0,0

1914b

22

ZZ

21.80

22.20b

+40€

$1

4.4

Lane. Crawford

2015

22.30

27.30

2736

27.30-

+++20c

$2

7.3

Savings 3.1055/03-01

Int'l Investment

Allied

0.300

4.55b

8.80

0,80

6.701

+100

05c

9

Savings 2%, 1950/757JE

B.15b

5.201

5%

5.35

5,00

250

4.5

Banka

ord-dos

HK FK Iny

12.701

12.70a

12.70n

19.90

13.90%

steady

000

0.5

Textile Corp Nanyang

0.10

DV

9.45

0.30

0.35

+50

6.8

13.80

16:30

14.90

14.909

14.50

700

4.8

HTC Hotels HK Lands HK Really HK Trans Star Ferry Youmails Ch Lizhi Electrics (old) Electrics (now) HK Telephone G. I. Cement Daly Farm

A. B. Watson

HONGKONG Wall

STOCK EXCHANGE

by

Our Own Correspondent

Business cono at the Hong- The stock market | kong Stock Exchange this morn- closed on a buoyanting amounted to approximately note with most 300- $2,590,000. Noon quotations and tions dealt in at the morning's transactions: Improved prices. Ahatex Buyers Sellers Turnover was ap- BANKS proximately $3,520,- INSURANCES

000. The

market

KE

Union..... dis- SCOPING

Whorlack played a firm tone, DOCKS, ETC. in activa

trading Dock...... with 4 few issues Provident. showing some small Tulkou... advances. Among utility counters LAND. ETC.

lik Hotel Electrics, eased off Land somewhat. Business

transucted amount-

ed to $1,625,000.

The market

dominated

1158 1170

34

0.30

Sales

Bas 700 00

172

200 41

40% 41%

was tumphreya 20.20 during

the day In the trad-

of Hongkong Realty

ing

Electric and China

Amalg TRUSE UTILATIES

Light shares following the pub- RUBBER lication of the re- port of the Electrl- elty Inquiry Com-am mission." A drop of j

Star Terry about 10% was re-

Yaumati corded but at the elose rates harden-c. Lent... ed somewhut, Turn- Over was

appro ximately $3,333,000.

IT TAKES ALL

KINDS TO MAKE

A WORLD

**

300 41

200 (

41

SATO $1.75 200 in 41.13 41.73

1400

9001 ut 4.75 2000 41.73

120 25 300 21. 1000 or 21 1.50 1.325 20000 r 135 10000 G 1.525 15000 1.525

-**

holds on

Street holds to early gains

New York, Jan. 21.

Stocks encountered some selling again toward the close today but managed

The

to hold on to a good start of their early gains and finish on the upside for only the third time this year.

to

the

Imperial Q

Ingersoll-Rand

Inland Steel Co. Interchemical Corp.

rise was considered a Gulf Oli ** technical

the ammond Organ one following

Heyder. Newport Corp. declines of the previous Sour

Hiram Wal sessions. The fullure of tred-Homeslake Mining Co. ing volume to increase along Hussman Refrig. with the rise in prices broughtIdaho Power some disappointment bulls, however.

Firmness was brought into the industrial average by gains Du of around two points in Poat and Union Carbide, and about one in U.S. Swel, Chrysler and Alcoa. International Paper countered with a loss of more

ond,

† than one.

Electronics held the spotlight with General Tine Magnavox up around two, and Ampex and Collins Radio

around 114. IBM, however, lost about three.

Int'l Business Machines

Int'l Harvester ... International Nickel International Paper In Tol & Tel Johns-Menville Co

Kalver Industries Kansas C. Power & Light

Kennect Eupper Kimberly Clark

gauit & Myers Toir. Co. Cily Tulip Litton hd.

Lockheed Aircraft Loows Incure..... Lone Star Cement Co.

Lowenstein & Bens.

McDonnell Aircraft Memahl from Corp. Minnesota Mining Mission Develop

Steels received some support with Harso, Wheeling and Lukens each held around onc With the exception of Chrysler,

Monsanto Chemical Co. autos held around their pre Montecatini

close. Rally showed Montgomery Ward 32100032vious

---600-443144 gains ranging-to more than a Motorola Inc.

4510

300 * 1.355

2000 40 450

0.30

3234

143

120

17.00 17.00

point.

129 300 120

Today's volume was 2,700,000 1000 w 129 4000 7 10 10 shares.

0040 18.20 of a total 1,227 issues traded 2000 18.19 531 were higher and 458 lower.

GOOD k in

1000

7.

2300 A

0000 12.00

500 17.70

2000 4 17.80

1500 G

47.60

23.00 23.30 130024

Amerlenst Exchange

was 1,090,000 shares,

Bonda volume

$1,200,000.

Closing prices

| National Blocult Co.

National Cash Reg. "A" National Dairy Prod. National Lead

National Steel Corp. New York Central

Nortelk & Wastein Ry.

394 Radio Corporation

5645 Itadio Corp. Pref. 15 Raytheon

347, Republic Sleel,

419); Roynolds Metall...

20

Royal Bank of Canada

4714 Itheem MSE.......

302 Seans, Roebuck & Ca.

Safeway Stores

7DTL Saint Heg Paper

44

41

420

50

Scott Paper

Sinclair Ol

Smith, Kiina & French

Socony Mobil Off ........

1024 Solar Alteratt

122 | Youth Puerto Rico Sugar

Southern Co. (The). 4832 Bouthern Natural Ga

Southern Railway (Com.) 48% per Brands

Rand

14

DATS

07

49

Standard Ou of Cal Standard D of Ind

50% Standard Oft of NS.

002 Steel Co. of Canada

Sterling Drug Co.

29

2016 Stokely-Van Camp

294

Stone Webster

187

Sunshine Mining

*

38

Studebaker-Packard Corp,

Swit & Co.

105% Texas Co.

20

辐

2041

<

10105

Textron Inc.

hiokal Chen,

Tido Water Oil

Time Ine......

Tri-Cont. Werrante

649%Twentieth Century Fox Tim

TV

40

Union Carbide

United Aircraft

0234

奶啦

Closing prices

Giltered Bonds

British Transport

Console 473.

1078/08-

Loan 3

1900

Funding Loan 3%, 1052/00-—BJ] Finding Stock 31 1999/2004 —

Funding Loan 4%, 1900/00-02}L.

3. 1000/70-9.

Barclay's Barik "A" Leg

Chartered Bank- 31.

Hongkong Cazis

Moyd's Bank A-008.

Buran.co

Union Insurance Canton-20-13/10,

Alteraft and Motors

British Motor Corp. Ord-22 04.

Do and Aircraft-304 Gd. Ford Hawker Sickleley Group Ord-la 41%d,

Rootes Ltd "A"--19a_90.

Standard Triumph International 21 150

Breweries

Datiers Co-30

Ju.

J

Bulding and Materials Associated Pirtiend Ceient-Ast

Pinch Johnson Associales Ord-409

teal. Steel and Engineering

Babesck & Wilcox Ltd- 4150. United Steel 10,

Vickers 30W 4155,

Food and Tobacco

British American Tob. Co., Ltd.

07.

Enperial Tobacco Co.. Lu-709, Misenlianepus

Boardman Marden Lido Bd. Bekish Oxygen Lial. Ord-61 30. Canadian Pacific_Aly-HTA.

De La Rug Co. Ord=70. Dunlop Rubber Co-a. Hongkong à China Gas-15s. Imperial Chemical-50 100. Lyon & Co-0184 Unilever idd132 Dd.

Paper

Bowater Paper Corp Ord-700 94. Radio and Electrical Associated Electrical-G3s (d. Electrical & Musleal-60% 1d. English Electric Co-489, General Electric- 30.

Shipping

Indo-China tzrc==399 41d.

Bloom Nav, Co. def

P&O Steam Navigation det ord 478 04.

atores

Great Universal Stores "A”—48x 101d.

Marks & Spencer Lid-ens s0, - Woodword F. W. & Co 038 siid,

Textiles

Coats J&P Ltd-32 4340. Courtaulds Ltd--006 TIGA.

Mines

Cons Golddels of Bouth Africa-

93 d.

Cons. Zine Cory, Ord- 70

De Boers def102

DL

Hongkong _Tim-də $140.

Southern Kinta Cons Ltd--30#.

Union Corpāna 36.

Wert Drielamoin Goldming-193g__

41

34

144)

30%

British

2017 | 7164.

317

410.

Ou

Petroleum Co., Ltd-58a

Summon the 1044.

Shell

Dutch Petroleum-215-29/72. Transport & Trading-16

-Router.

Exchange rates

Union Oll of Cal.

4334

Valon Pacific Rallway

99

United Fruit ....

293%

volume

Noranda Mines Ltd.

457%

United Gas Corp.

US. Foil ""

100

North Amer. Aviation

US. Gypauna

amounted

to Northwest Airlines (Com.)

263%

U.S. Line Ca

Olin Mathieson

4914

US. Rubber

Otis Elevators

U.S. Smelting

31%

Oxford Paper Co.

4015

US. Skel

Dectric Cua A ales

U.S. Steel 1 P.C. Pr

0182

$384

Pan American Airways

20

Warner Brow...

10

47

Parasol Pictures

Waukesha Motors

4214

#100 or 2390

38

Parke Daryl Co.

Westinghouse Air Brake

30

A was done In the tocal Unofficial exchange market ปป

1700 on 23.03

Allied Chemica

10814

Penny C. Co

120%

Westinghouse Electric

1901

moming at the following rates;--

Allled Mila Inc.

37

Pallip Morris

84!

New 22.20

400 vr 23.10 500 or 22.45 200 234

Allis Chalmers

58

Pitney Bowes

Western Union Tel. Co. Wert Va Pulp & paper

57

02

Am.mky Blue

Procter & Gamble

Winn-Dixie Stores

VS dollars (per $1) ...... 4.CU Bierling notes (per £13, 20 42% Australia» notes (pre £1)

18.30

12,00

American Airline

2214

Pittatiurgh Plato Giles

Indonesian rupiah (per 100)

1.70

DOG 22.40 500 / 22.39

Am, Cable & Hadio Corp,

11

105

Shams ticals (per 100)

20.03

Amerloon Cyanamid Co.

Pure Of

-UPI.

Singapore (Escolta)

1.81

Am. & TorgL. Power

p

Macao F... Telephons.

Mectric

INDUSTRIALS Cement....

STORES, ETC. Dairy

Watson

1. Crow.

BUT ONLY ONE KINDON

IANOA

22:45 3134

500 23.00 Abitibi Pur. & Paper 2100 21.00 Alden Ing. Any.

2000 23.78

10031

3000

3194

500 311

44 500 g 413%

23 22.70 7100 a 22.00

30022

Algona Steel Corp.

Am. One & Eectric Am. Mech & Fdry. American Metal

Am. Naturel GRI American Emelting | Am, Sugar Rer.

American Tel & Tel American Tob. Antoonda Copper Armeo Stel Armour Asbestos Corp. AU Cone Mining 1aldwin-Lima-lim, Baltimore & Ohlo Bank of Montreal Bank of Nova Scotia Deet Life Savers Bell Telephone or Bendix Aviation Corp. 1000+ 19.30 Bentham Bleet

3000 2.70 1000 $ 22.00 500 g 22.60

200 27.00

9.25 2.45 2000 0.30

1414 2000 * 1430 ..14.20

OF DEPOSIT TO MAKE ISCELLANEOUS

A WORLD

"OF DIFFERENCE TO

Consistent

Interest

YOU

5%

Complete

Security

BANK DEPOSIT ACCOUNT

with

LOMBARD BANKING

Interest pold wiikane didaction of Untied Kingdons factuer dúr. Write to-day to General Manager for your copy of "Bank Deposit Accoun!" Booklet No. AD.74

LOMBARD BANKING

LIMITED - BANKKUS

Kid Me LOWELLER NEVER, OURDON STZEZT FAME:LANE, LAGOON W.1”.

INVESTMENTE KK & FE Invest.

13.40 13.80 1500 13 5000 G 13

U.S. INVESTMENT QUOTATIONS

The following are U.S. vestments in American dollars.

include Buyers' prices mission:

Cons

{Boring Airplane

Borden (The) Co. Burroughs Add Machine British Arner. Oil .... British Columbia Elec. Justin Columbia Pur. Calif. Packing Corp. Cam. Dk. of Comin. Campbell Boup Co.

Canadian Pace It. [Case (3,3, Co.

(Cat. Tractor

[Celeness Corp.

CLT Financial Corp.

Chrysler Motors

Cluett Peabody

| Colgate-Palmolive Co

Culombian Certion Co. Consmercial Credit

Consolidated Zobra

com- Consumers. Che sea...

[Continental Og of DEL Clonce Imperial MIL

| Crano"Copy

Crown Bierbach Cuban Atort, SUB Diamond Alkal Diamond und (200 DB44CT!# 2)plafon Biores Douglas Alporszí

El Chemical ....

de NemouEW

Publieker Industrien

Woolworth (K. W.)

Zenith Radio

Yesterday's Closing

COMMODITY PRICES

No. 4 Tebi

113.113735

Spot rubber unbaied key-118 Bicot crepe

1131-1241% No. 1 pale crepe ........ 130%-132}%

LONDON

Closing prices all in penco per

No. 1 Hus apot

Settlement' house term:

23 20:

July/Aug: 22.00; Oct/Nov!

22 90: Doc/Fan; 21.00,

2-METALS

SUGAR

NEW YORK

Closing prices all in cents per

Ib.;

-UPI.

Feb

Jan/March

23-24%

April/June

1b.:

Contract No. 4 (world)

Judy/Sept. Out./Dec.

NEW YORK

Merch

2.90-01

May

3,00

July

31-2 General markets, c... bada, purt: 1. Feb,

3314-3355 Mai.

Closing prices, ali, în centa per

Bepl

6.10

Lezd

Zine Jan.

JATI, Mar.

11.02

23.10

3014

12.15

3.70

2012

Marab

Copper Jan

32.76

Mar

3107-37

Total Baies: 1,500 contzwels. Open Interea: 0.010. goritracts.

Contract No: G (domosião) March

May

July

Rapit.

Spot-CAL, N. ex-day 20 Total Bates: 209 contracts Open interest! R455 construcla.

RUBBER

Bellers Dayers

Affiliated Tuni

7.12

At Bus 8hrs

4.00

437

Atom Day Mert

1.84

Axe loughton ...

9.19

Bullock Fed

13.14

1440

CADRON Gen..

14.02

11.48

Canadian

1427

38.09

Cansdiers Int drowin

9.17

10.00

Chemical Fund mann

12.17

12.08

Comwith Block

18.04

Dividend Sives

20

All Line. 2914

Dreyfus

Fund

14.at

10.10

Eastrians - Hodak

Jaton & low

Block 24

20.00

El Paso Takerui· Clas

Xectronics re

7.72

Temily Financa Corp.

Found Mu rund .....

11.73

Hall NC-7

Firm Nat. City Bank

Firestone Tym & Rubber

Jan.

10.70

1130

Ford Motor, Co. of Cana.

MAIH

11.20

Ford Motor

Choral Pariño ....

July

General Dynamics

Dept.

Nov

J

Found

ts: GTOWN All Incomes.... Inwest T Boston Reylose Cur B

Kaytona Canada

Kami Growth

Ny1 Bed Der Growth noucher at A Cl...

Wallington Fund ...

249 Gaberal Electrio

16.18

General Toode

General Motors

dan, Pub. UU. Clen. Tyre & Mubber

Getty 01

Glidden Co.

Goodrich (D. F) α

| Goodyear,

| Grumman Aftorget

*NEW YORK

Rex rubber futures closing prices, all in conte per lb.!

Estala crego Mun Keb..

thlek Fe AMSTERDAM

Closing prices all in guliders per jellogram, et.t. Feb.

No. 1 rubber quelations unchanged No. 2 rubber "abwe yaşlerdino,

COTTON

NEW YORK

Closing prices all in pento per

Spok. 23,95 nom: March 32.33: Max: 22.00 July: 3.05-06: Dot 11.06; Dec: 30.99 Mar: 31.43; May! 31.80 July: 31.10

H

NEW ORLEANS

Closing prices all in cents per

#pot: 8180; March: 22.00 May- 23.02 July 2000) Gol; 21.08; 40: 313 Mart 31.53: May: 31431) July! |

27,00

30.09

b

BINGAPOR Closing prices 2 in Sitalt cents per fob Malayon porte

A

· No. #

No. N

LIVERPOOL

Cosing prices all in pence per

American Coniruot March/April: 22.00 May/June: 32.00% July/Aug: 23.10;

11.99 Dep. Jan 21.30.

1

Mixké Conírnes

REarch/Aprili 1030:

Mor.

LONDON Closing prices, all in sterling

por long ton:

1

Spot

3-month

Cepper

Spot

3-monta

Lend 2nd half ran April Zing 2nd Hait Jess

Buyers Hear

TOZAL

193

700,

12014

300%**

24049

dy

FOREIGN EXCHANCE

NEW YORK Closing rates: Gerada

gland official

"

20-days 00-days

Oct/Nov; Austraila,

New Zealand Soufis Africa

Others wwhursted (+33)

2.6023