1960-02-19 — Page 2

Pago Z

NOTICE

THE HONGKONG · AND SHANGHAI BANKING

CORPORATION

Ordinary Yearly General

Meeting

NOTICE 18 HEREBY GIVEN that the Ordinary Yearly General Meeting of the Shareholders of the Corpora- tion will be hold at the Hend Offèe of the Corporation, 1.

Central, Queen's Rond Hong Kong, on Friday, the 11th day of March, 1960, at Noon for the purpose of re- ceiving and considering, the reports of the Directors and of the Auditors and the Accounts for the year ended 31st Decomber, 1959, and for

THE CHINA MAIL FRIDAY, FEBRUARY 19, 1960.

WEEKLY - REPORT “

THE HONGKONG STOCK EXCHANGE

MARKET'S SPECTACULAR RISE

Brisk activity results in

record turnover

the election of Directors and A

OF

the appointment of Auditors.

REGISTER THE SHARES of the Corporation will be closed from Friday, the 20th day of February to Friday, the 11th day of March, 1960, (both days inclu- sive) during which period no transfer of shares can be registered.

By Order of the Board. MICHAEL W. TURNER,

Chief Manager. Hong Kong, 20th Jan., 1960.

NOTICE

* The share

HK Bank

Lombard Union

Wheelock

IK Whart

market

glance *

Dividend * Попив

Yield (%)

2,0

at

Up or

Jan. 21

Jan. 27

Feb. 4

Feb. 11

Feb. 18

Down

1180

1203

1196

1210

1315

++-$105

548

39140

3944b

400

4134

423/

+-$1.25

$2

4.8

9314n

#2b

9534

皱

500

$3.40

3.8

6,10

0.10

014

0.65

0.00

+250

250

3.4

1490

149

150

162b

170

+$28

#8

4.8

HK Becke

4634

58

5714

00

65

$8

7.8

Taikoo Docks

43

42

42

4834

+-$1.00

$2.80

Provident

17.40

18

18

16.80

10

+70c

$1.10

on

CEN

IIK Hotels

3344

3334

30

36

364

250

$2.60

08

HK Land

$13/

45

#539

49%

+-53.23

33.40

HK Really

1.525

1.575

1.075

1.05

1.70

+50

180

4.7 5.6

for

HK Trams

334

3371

3314

13

38%

+300

$2.05

Star Ferry

147h

145b

145

151b

+83

*D

130

135

133

135

+$10.

$B

18.80

10

18.00

19.10

20.60

-+-$1.50

$1.10

24.10

22.70.

24.70 23.300

28.20

24.85

+32.20

$1,90

6.2 7.2

22.90

23.40

25.30

+-$1.90

32

334

33

34

3514

++$1.50

31.75

4211

.44

4034

44%

45%

+31.25

$225

23

24.60

24.00

24.30

24.80

+800

$1.55

6.4

22.201

23.49

24,70

24.00

23.70xd

-900

$1,60

6.4

27.70

29b

20.40b

2914

3144

+32.26

6.4

Int'l Envestiment

0.70b

8.705

7.10

7,40

7%

+100

460

8.0

Allied

5.60

5.05h

6.40

6.15

0.00

+450

HK FE Inv Textile Corp Nanyang

13.90a

13.80

14.20

1414

15

+500

100

0.15

9.05

9.80

24.50

14.90

15.30

10.10 15.70

10.10

+20€

dic

10.20

+800

700

0.4 4.3

week of spectacular gains extremely brisk market culminated yesterday in a record turnover the last 10 years of over $5 million.

10

the rise

Storting Jost Friday

continued market throughout the week on a broad front."

The only reason that one can see for this rather sharp rise ia the influx of more money inte the market and the willingness of speculators to indulge in buying spree at high prices.

11

Attempta si profit-taking fall- ed to dampen the maritet and any selling bid was easily taken up.

Lands had a smart ring carlier on the announce- In the week ment of a new issue at par and a proposed bonus issue.

In atores, Lune. Crawfords came in for a substantial rise of $2.26 over the week.

Troms failed to make much

after the headway

expected Bonus Issue failed to materialise. Both the cotton and rubber sections were well supported.

Turnover since last Friday was a fraction over $19 million.

Market diary

Hongkong Banks touched their highest since 1958 closing al $1,315-a rise of over $100 on the THE BANK OF EAST ASIA, week, while Wharves topped the Friday:

LIMITED

Forty-First Ordinary Yearly General Meeting

IS NOTICE

HEREBY GIVEN that the Ordinary Yearly General Meeting of the Shareholders of the Bank

will be held at the Hond Office of the Bank, 10, Dea Voeux Road Contral, Hong Kong, on Saturday, the 20th day of February, 1960, at 12 o'clock noon, for the purpose of receiving and considering the Reports of the Directors and of the Auditors and the Profit and Loss Account and Balance Sheet for the year ended 31st December, 1959, and for

Lhe Directors and the appoint ment of Auditors.

$170 mark.

A $10 ripe was seen in You- malia after

around the $130s for some time.

Union Insurance was the only stuck to register n derline. And the announcement of a $1.45 final did not help matters dividend

had also sinco a better return been expected.

companies Rnd

Both the electric showed late improvement suddenly spurted up around $1 at the close yesterday,

Exchange rates

election of

Sterling. tolex (per £1)... Australian notes (per 1) Indonesian rupiah (per 100).. Som lewe (per 100) Singapore (Siraits)

Businem was done in the exchange

market unelelal morning at the fallowing rates: U.S. dollars (per $1)

local

this

0.71

16,93

$2.00

2.00

26.10

1.01

The Registor of Shares of

"PELEUS"

the Bunk will be closed from NOTICE TO CONSIGNEES Wednesday, 10th February. 1980. to Saturday, 20th February, 1960 (both days inclusive) during wiilch porlod no transfer of sharus can be registered.

By Order of the Board

KAN TONG PO Chief Manager.

Hongkong, 2nd February, 1960.

Damaged cargo ex this vessel will be surveyed by Mens Paulsen & Bayes-Davy. Ltd. at Holt's Wharf from 10 am. On Februsty and 23, 1960 and consignees are quiesteel la have their representatives present during the survey.

BUTTERFIELD & WIRE, Адерів Hongkong. February 18. 1900.

I

Monday:

Tuesday:

The market was brisk during the day resulting in a sub- stantiat turnover. Rates in many sec- tions showed night advances. At the close the market

appeared to be firm.

Yeumails

Ch Light Electrics (old) Electrica (new) HK Telephone G. I. Dement Dairy Farm

A. S. Watson

Lane, Crawford

1470

VIGOROUS

ADVANCES

New York, Feb. 18.

The Stock Market made a vigorous advance in

active trading today.

The market woB higher and Thirteen of the 15 most active

the start

advanced, following stocks

vue-Glen Volume of business active al

and one transacted amount-Wednesday's rally. The ticker Alden-declined,

as three Benguet--was unchanged, ran a much ed to approximately tape

Airst 45 minutes lato for the $4,048,000 The market made minutes as buying orders pour further

progressed in

with Banics,

Tro- vidents and Utilities

The Fuins were widened unul

when some in demand. Business final hour iransacted amount-profit-talding left some prices

under their best for the day. ed to $3,389,000.

market

ON

WALL STREET

Campbell Soup Co.

Studebaker-Packard (WhenCL Financial Corp.

active

Issued) was the most stock, rising 1% to 124 147,900 shares-AP.

Closing prices

AbÚti Pwr, & Paper ...... Alden Inc. Aey, ...

Activity in the shara The rise was on broad Algoma Steel Corp.

increased fro

most Allied Chemicals which included further and prices major

aktas of the market. Ailled MIM Inc. on most counters Motors,

steels, electronics, Aille Chalmers

Am. Brake Shoe extended their chemicale,

rails, American Airline. petroleums, gains. Interest was

drugs and nonferrous well spread and were well ahead, business was fairly

brisk. The turnover

on

Chrysler Martore

C

405

London

recovers

slightly

London, Feb. 18. The London Stock Exchange rallied slightly today after Wednesday's slump. But overall low buying demand left markets irregular.

Treders sow the better at- mosphere as a response to the overnight improvement on Wall Sirect.

Government bonds were gent- erally firmer and most dollar stocks were adjusted to slightly higher levels in sympathy with the New York Exchange,

Gold shares held their Own in sparso trading. Coppere gain- ed at the start of business," but failed to hold the increase

throughout the day,

Industrial shares. were gular, with Hitlo business trans- acted-AP.

Closing prices

Gledged Bonds Brilah Transport 3%.

Conuela 214-£&%}. Consols 4 £11-15/10

1

1970/38.

Converton Loan GUYS. 1069

Funding Loon, IN 1050/00- EBY.

Finding Stock 36%, 1000/2004– £70-13/16.

Vision Peele Railway

STIL

Canadian Packir 11. Case (J. I.) Co. Cat. Tractor Celmere Corp.

2634 | United Trait

2007

10%

United Gas Corp.

*

US. Foll "B"

20%

18. Gypsum

BOL

US. Line Co.

30% UB. Rubber

B0%

UB. Emekin

20-21

30

VS. Siecl

47

B. Steel 1 P.C. PT

140

Gall

Warner Bros. .................................... 91% Westinghouse Air Brake Pilk Wortinghouse Electric

unding

201

£0341/10.

4074

403

4014

444

63

UPI.

Cruel Peabody Colgate-Palmolive Co Colombian Carbon Co. Commercial Credi Consolidated Edison

GA

COC Oll of Del" Cosmos Imperial Mülle 30 Crane Co. A Crown Zellerbach Cuban Amer. Bugar 494 Diamond Alkali

443

Diamond Gard... Distillers-Geograma 1914 Dominion Stores Douglia ATCEREL Dow Chemient

21

metals Am Cable & Radio Corp.

American Cyarsmid Co.

101

$2

Am. Gas & Electric

Am. & Form Power

en

Am. Hume Prul.

105

Most gains ranged from a few

was approximately cents to around three dollars a $3,800,000.

Ant. Mach. &c F'dry, American Metal

American Smelting

of the share, but some Wednesday: The market

con-speculative issues were up tinued active and much as eight dollara. prices on the whole O 1,228 Issues traded, 807

arm. remained

advanced, 215 declined, and 200 though a few were were unchanged.

lightly marked Volume totalled 3,800,000 down

proft- shares compared with 4,210,000 | Baldwin-Lima-Ham taking. Business shares traded on Wednesday, transacted amount-

Thursday:

on

Dupont de Nemourn

Eastman Kodak

El Paso Natural Gas

Family Finance Corp.

Firestone Tyre,

Rubber

First Nat. City Banke

Ford Motor Co. of Cana, Ford Motor

Georgia Pacifie

General Dynamics

General Electrio

General Foods

Gen. Tyre & Rubber Getty On

403 | Gudden Co.

Goodrich

(B. F. Co.

more

Am. Natural Ga

113

4436

Am. Sugar Ret

American Tob

100

Armen Steel

Anaconda Capper

Armour

44

Asbestos Corp.....

2242 Gen. Pub. U.

Atlas Cons, Mining

9%

187

Baltimore & Ohio

the advance Bank of Nova Scotia Brokers viewed

Berch Life Savers the Beil Telephone .... continuation of technical rally which got under Bendix Aviation Corp.

6335

43

Tak

2014

Borden (The) Co.. Burrough Add Machine British Amer. C British Columbia Pwr. Calif. Packing_Corp. Cana. El. of Camm. Cana. Browars

$291

3146

Idaho Power

Imperia Ol

4036

Imperial Tobacco

al

1

ed to approximate- as

ly $2,707,000. The market

ad-

#1

venced on a broad way on Wednesday. It was also front in a day of helped by favourable business hectic trading re- aulting in a record turnover for the last 10 years of approxi- mately $5,342,000,

TOWE.

Among wide gainers were American Home Products, up up three and eight, Motorola, Pullman, up 4.

Bethlehem Steel

Denguet Cons.....

Boring Airplane

Yesterday's Closing

COMMODITY PRICES

METALS

Grummen Aireran Gulf Oli*******

Hamwoond Organ ******

Heyden Newport Corp, Hiram Walker

Homestalo Mining Co.

Hukman Rettig,

Western Union Tei. Co. West Va. Pulp & Paper Winn-Dixis Biores Woolworth (1. W.) Keith Radio

HONGKONG

31 | kong

STOCK EXCHANGE

hy

Qu«Own Correspondent..

Stock

Business done at the Hong

Whis Exetange morning amounted 10

$2,545,000. Noon proximately quotations and the morning's

11% transactions;

204

Bhares

Bayers Bellers

Bater

BANKS

30 1315

HK Banks.. 1300 1315

HIL INSURANCES

4744 131

Simion #1 Lombard ... $234 SHIPPING Wheelock 5.50

་

Liggett & Myers Tob. Co.

HOCKS, ETC.

US. at 14 Average price in designated spot markels: 32.05

centr

Total sales: 24,310 boles

LIVERPOOL Closing prices all in per lb.:

American Contract

AMSTERDAM

Closing prices all in guilders per kilogram, c.l.f. Feb. No. 1 rubber

No. 2 rubber

No. 1 crepe

3.23 buyers 3.22 buyers 321 Buyer 3.74 buyers

UPL

SUGAR

Ingersoll-Rani

Inland Eteel Co.

interchenical Corp.

int Buxiness Machines Inti Harvester .... International Nickel International Paper Int'l Tel & Tel

Julins-Manville Co.

Kaiser Industries

Konne C. Power & Lid

Kenneroit Copper

Humberly Clark

Lily Tulip

Kalian Ind,

Lockheed Airerett

Loews Incorp.

Lone Star Cement Co. Lowenstein & Bons.

McDermott J. Hay McDonnel Aircraft

1 Iron Corp.

Messi f

Minnesota Missing naturion Development Monmale Chemical Co. Montermuni

Prod.

Montromery Ward. Motordia e. National Biscuit Co. National Cash Reg. "A" National Datry National Legid National Steel Corp. Noranda Minion Ltd. Norfolk & Watom Ry. North Amer. AviationY Northwest Airlinen Ol Mathieson Otis Elevator

Öven-Illinois Glass

ford fuper Co.

(Com.)

20% X. Wharf ›.

NUBEEN 401% ABRIK.

SAO PAULO

All quoted.

NEW YORK Closing pricca, all in cents pur

15.:

Lead Mar.

11.20

May

11.00

Zine

Mar

11.70

Mar/April

May

11.02

May/Jurte

Copper Mar

32.36

July/Aug.

May

30.04

Oct/Nov.. Dec/Jan.

LONDON

Mixed Contract

Mar/April

July/Aug.

Dec Jan.

ACTIONS

SPEAK LOUDER

THAN WORDS

WHEN YOU OPEN A

BANK DEPOSIT ACCOUNT

WITH

SECURITY

AND

Tin spot

Semanth Copper spot

month

Lead halt Feb.

Zine 2x1

كلم

UPI.

Closing prices, all in sterling | Mayfune

Buyer Sellers Out/Nov.

per long ton.

pence

22.08

NANNA;

No. 3 rubber

30 1300

201310

0.05 P000 43 45

1000.00

23507 0.05 19500 | 1.50

$70 or 0.90

100 170 100 138

* כקד

170

Dock

0412 0515 Provident 19.20 1945

Talkoo Dock 434 43%

300 19.20 123 19.20 200 60 43,29

500 $3.50 400 43.50

LAND ETC. HK Hotel.. 3515 ஏர் 2000

BK Land

·

40

40.75

Humphrey'd

CAJE

1.475

1.70

1.075

4 50 21000

NEW YORK

Prettio & Elec. Pies American Airways

prices all

in cents Paramount Pictures

44

Parke Davis Co.

4.873

Penny J. DO.

214

Fenn, Butt Ca

201

Trust

7.10

130

7.20

1000 730

9111

Sungala

721

UTILITIES

3.00 3.00

**

Star Ferry

143

Yeumati

..... 3314 33011⁄2 1.000 0 303

C. Light

143 144 ་་

20.30 20.40 1000

4000 gr 33%

Loan

4x

1000/90-

Savings 3%, 1903/65--292-11/16.

SAYOKO 32. 1000/70-262

hacke

Saviige 3,1060/75-275-21/10.

Barclay's Bank “A” Ltd ord~-201 Chartered Bank---62.

Hongkong.67

Lloyd's fank “A”—41#,

Insurance

Union Insurance Canton-£5-20/10,

Aircraft and Motors British Motse Corp. Ord-20% 7140. Ford Motor. Ov—1028 4354

inthawker ddeley Group Cre-$10

footer Ltą "A"--108 30. Standera Triumph Internatkariai--- 125 1:54...

Brewerien

Diruller Co-3ga 1160.

South African breverten,301 1340.

Building and Materials Associated Portland Cement--13: Wall & LeRT Goodiana

Ord 474

7110.

„Pinchin Johnson Aemetales Ord-

41 70.

- Coal, Steel and Engindyrlig.

Babcock, & Wilcox Lid--ply 250. United Breelan

Vickers Li6-304 1344.

Food and Thaneco

BE American Toli. Co., 124– To Dd.

**Imperial Tobacco

1

Co.,

Lid-158

MiscellaneousE Bord_Marden Ltd- $150, British en Lat. Ord=81 90.

Pacific T Cariadian De La

Co Ltd Ord Dunlop Rubber Quills 31-

Jongkong * China Oos-13r. imperial Chenica)--578 DE zyons & Co-750 02 Unilever Lüth-153 & cor.

Paper

Bowater Paper Corp Ord-720,

Hadio and Electricst

Associated Electrical-018.

D

Electrical & Mimicale English Electric Coin 90, General Electriowala.

Shipping Indo-China Beam Nav. Co. def 016-299 M

415-4

Stearn Navigation del orth-

Stores

great Univermal : Stores "A"-10 734 & Spencer 14d-704 2

Woolworth F. W. & Co-q\w+94...• Textiles

Conty J&P Lids 3. Courtaulds L^3--07: 90....

Mines

Cons Golddelas of Bouth Africa

Cong, Zine. Corp. Ord-73. De Beers deca191 30. Hongkong Tin de 1414, Peting in de 96,

panch 100 75k

Southern King Coma Lia das ed, Union Corp Dd.

West Driefontém Göldnining—100%

Qu

British Borneo Fetroleum Byzlicate BON 101%

Brit Petroleum co tuch-sek troleum-215-0/10.

Burmahy-the

Royal Dutch

Shell Transport & Trading--140% 34-auter.

INTEREST

Internat paid without dedirtion of United Kingdom Incense rat

Weka unday to the General Manager for your copy of "Bank Deposit Accésint" Bookleí No. ÁO54

LOMBARD BANKING

Head Ofice)

LIMITED BANKERS

LOWBANG MOUNE, CUIETOS NYRENE

WARR LARE, LONDON W/1

Telephond) and 415), MEKONO

METKA WAISAJYAki Masking and firmën (craniancion

COTTON

NEW YORK

all'In conis Closing prices · per lb.

Mar

RUBBER

NEW YORK

Rex rubber futures closing prices, all in cento per ib.:

March: 39.00: May: 38.90 July: 30.40; Bept: ST50; Nov: 077.45; Jot 30.00 MAF: 36.20,

SINGAPOLE

Closing prices all in Straits

1.ob. per. Ib.

23.23 nom, conta 33,00

pects;

brar.

No. 1 reb.

No. 2 Feu.

No. 3 Feb.

SLAR

No. 4 rok

Dianitet ereje

NEW ORLEANS Cirting prices

all in

centa

Der 10

LOMHÁRŐ BANKMEITAR LASTI 11ð

10,90% HAVATIONS FLARES

KINGAPORE.", Talapbons: 1929 ·

Bbol rubber unbəmləd

No. 1 palo crepo

LONDON

Malaya

114-115

Closing per lb.:

Contract No. 4 (world) March: 3.02: May: 3.11; July: 3.00; Bept: 3.20; Oct: pái: Jan: 3.23: Mar: 12: May: 334: Spot - (PAD) Cuba): 2.00.

Total Baics: $40 contracts, Open interest 30 contracts. Contract No. 0 (domestio) March: 553; May: 5.50; July! 6.73: Sept: 5.79% Nov: 5.70; Spot-(C. NY. x-muly): 5.50.

Total Ball: 350 contracts. Open Interest: 2,000 contracts

UPL

FOREIGN EXCHANGE

11442110 113-1141 113-1154 1131-1134

NEW YORK 23636-23495

Closing rated; 11145-112% Canda 121-133

England official,

Others unchanged.

Closing prices all ini penins

[bet" ibu;": 21.00. 1.Tua #pot

13.00

Bettlemens house ton:

Auritziana

00:37 Edy/ept.

0100 JAN/Mar

3034-94

LONDON

Closing rates New Yor

33)5-9316 | Moerkrali 321-33 | Atruberdar

Copenhagen 011-42% | Do

Ceneral markets, aid, hamis,

Exato crepe thêm þar.

ports: Blockchai

Philip MorTIN

Piney Bowes

Procter & Gamble Co. Pittabeth Plate Glas Pubilcker ladustries Pure De Radio Corporation Hadio Corp. Prek

| Haytheon A Republe Steel Reynolds Metal ... Royal Bank of Canada

Set, Roebuck & Co. Shou o noi

Saloway Sterow Sovit Paper 11. Ninetale Qu

Smith, Kine & French Bocony Mobil, (1) 1.7. Solar Aircraft

Houds Puerto Rico Sugar" Banthem Co. (The) Bouthern Natural Gas Southern Rallway ( Sperry Rand,

Bandard Brande

Standard Oll of Cal. Bandard, Oil of Ind. Stendera O DE NI.

100/3 Bleep Hook...

Sterling Drug Co. stokely@Van Cashup.

Electric... 20.30 20.00

Mlectric (19) 25.15 20's

Telephoné. 3514 3011

INDUSTRIALS

STOREN, ETC. EXITY

Won, KD 10.00

"Blone`s Wabeler

601

Žiudeakeľuďmekerd Corp

191%

Banghino Mining-

Lane, Craw.

COTTONS

= 10/am { Toxiram. Ine;

J1

Inioko Cheru,

Tide Water Dil

rime Ing

TYARIK Tulaner

Tri-Cont: WATTENUA Gami

Twentieth Century Fon

*Textiles

3600

531000

U.S. INVESTMENT QUOTATIONS

Following are U.S. vest- ments In American dollars. Buyers' prices include commis FİON.

Baller BuyIKK

Amiliated Fund

Am is att

Atom. Day MAC Axe Houghton £1 Bufiosa" Juma via 50.16 Canadien rund

Canadians Ta Cansition Int Growin 1930 || Gherical Fund.

Comwith Stock

4014 Xan & How Boc

Found Mut und

-Infalt Found

fat prowsh

10.30 100-1000 a 20:30 22 Horton

“1000 @ 10:19 | Rayiton' Bur· D3

16000

16.00

17.45

4.03

0.20

19,00

13.47

1047

10.03