1960-04-22 — Page 2

THE CHINA MAIL. FRIDAY, APRIL 22, 1960,

WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE

OVERN

MARKET CONTINUES FIRM COMPAN

Spectacular rise registered by Allied Investors

A fortnight

of

IIK Bank Lombard

Union Wheelock IIK Whart

Taikoo Dooks

HK Docke

Provident

HK Hotels

ИК ТАДА

36

glance ★

* The share market at

a

Mar. 17

Bar, 24

Mar. 31

Apr. 7

1270

1250

1245

1280

Apr. 20 12001

Up or Down

Dividend

-$20

& Bonus $48

Yield(%)

3.6

484

400

45

1x

+31

SA

4,8

100%

1004

09

02b

DIR

+35

$3,40

3.7

2.40

7.30

7.10

7.26

V.35

+100

•

21c

3.0

107

18

18 Exa

180 xd

189

+39

$8

4.5

07

0534

.1-d

100xd

210

+31

$10

8.9

1

ફા

B017

4934

54

524

-$1,50

$2.80

5.0

18.00x

18.20xd

17.40

18.10

19.60

+ $1.30

51.10

5.2

30xd

3514x

3536

354

500

52.50

0.0

5016xall

4934

49%

58

576

-$1

$2.40

4.2

1.778

1.75

1.70

1.355

1.75

steady

150

9.0

314xd

3234xd

314

-B00

$2.05

6.3

155

153

152

132

153b

steady

S

5.5

171

16ix

169

171

170b

--$1

$8.50

8.2

22.70

23.20

23.70

23

22.80

www.ZOO

$1,10

4.8

Electries

27.60

27.30

27

2756

2714

steady

$1.00

7.3

HK Telephone

213

3894

28

2834

3614

steady

$1.75

4.8

4514

44

4831

44.

4214

-$1,50

8.4

Dairy Farm

20.00

26.30

20.30

27

20.40xd

-600

$1.85

6.0

A.E. Watman

26.20

26.806

20.10

27

28.00

++$3.00

$1.50

5.6

Lane, Crawford

32b

3214

312

314

+$1.50

52

6.1

Int'l Investment

8.2K

8.205.

-8.20%

8.20

8.20

steady

05c

7.0

Allied

0.00

0.05

6.80

7.80

14800

$1.25

10

HK FE Inv Torille Corps

16.20

1834 x

1514n xrts 10 nom

15.20nom steady

800

5.8

0.00

9.75

156

034 14.10

9.90

0.80 19.70

~~100

€50

0.6

-ŞI

70c

5.5

to

intermittent holidays

failed to dampen the market and turnover continued to average around $3 million daily.

The outstanding feature of the period under review was the upsurge of Allied Investors following the announcement of an interim dividend of 25 cents for 1960 and a special bonus of 75 cents for 1961.

Allieds went up all the way to $0.20 from $7.10 bui cased off during the week on profit- taking. They improved on de- and again at the close and finished up at $3,80,"

On Whic fortnight interest centred on Providents, Landa and Utilities.

Providonts up

Providents shot up to $19.40

from

$14.00 while Lands and Cilities were unchanged.

Wharves were strong again und picked up their ex-dividend prices.

HONGKONG STOCK EXCHANGE

by

Our Own Correspondent

Business dine on the Hong kong Sinek Exchange this morn- ing amounted to approximately $2,395,600.

Nova quotations and the morning's transactions;

shares uyers Sellers Sales BANKS 3K Banks, 123 1233 103 m (260

30 1200

20000

2002 20

INSURANCES

..... 134 17

Tinton

10 4755

ban SUOTING Whoelek. 7.36

K. Whart

DOCKS. ETU,

191 100

15.00

Dock

Povident

Táckoo

LAND, ERS ilk Patel. BK Lund

Humplireya Heally

RUBBE

Amaly.

7.40 7000 7.00 3000 41 7.35

:00 195

zo 1000 10.7

2000 10.08

2500 kr 20

30 83% 1000 ve 121%

مله افراد

103053

1000 & 35%%

07 57'

GOU

24 24.40

1.725 1.75 1000 à 1.75

7.30

Trust

9.15

9.24

Sangula

UTILITIES

18

5000 7.50

50.00 24 723

1000 W 7225

2003 1000 G

7.30

10007 0.93 5000 49.15

1205 0.15 2000 43 9.2

5000 & 5

30% 5.05

Tram 31% 31% 10002134

Star Ferry.

Yaumati...

C. Wight...

90

Hongkong Docks were aloudy but Taftoos reacted badly

a dividend announcement of $2.80. Both brolcers and share- holders expected at least a $3 dividend.

Gas Company shares which were quoted for the first time last week opened at $14.20 but ensed off on profit-taking result- ing in a fall of $1. However, buyers, appeared again when it

·NK⋅ Realty

IX Trans Star Ferry

Yaumatka

Ch light

G. L Cement

Nanyang

14.00

1470

Wall Street improves on

New York, Apr. 21.

was thought the price had taken Stocks met some late support today which lifted

too great a dip and further de- mand put the price back up to $13,70.

Cements slipped slightly in Industrials..

In

Watsons strong

remained stores Watsons strong and demand put there hare, up to $28.00 at the close a rise of $1.00 since April 7. Lane, Crawfords also came in-

demand ind !เว

$1.50 But on closing at $341⁄2.

Big businers was transscled in the rubber section and prices fluctuated on alternate demand and pruât-taking.

At

Textiles were up slightly but Numyang's were down a dollar.

the moment It appears urices are governed not so much from speculation but on com- pany news and dividend returns.

Since the active market began profit-taking bas slipped In some time or another and most stocks have been affected. Prices however bave only dropped fractionally on These occasions und usually improve on their high when demand sets in again. The undertone at the close was firm and demand appears to be constant. Prices changes if any Are only expected 10 be fractional

the list out of the doldrums and gave it a firm undertone at the close.

Prices framed at the opening. turned irregular by noon and then Armed again late in the sesion when electronics shot up sharply to help improve over- all rentiment,

The improvement in the news background, particularly the report of the best first quarter rise in gross 'pational product

10 years, helped truder interest.

ir

revive

Today's volume was 2,700,000 shares.

Of a total 1,180 issues traded, 540 were higher and 408 lower.

Dow-Jones closing

were:

30 Industriais

20 Rolls

15 Ulinities

03 Stocks

40 Bonda...

average

Closing Prices

late

Am. Home Prod.

Ani. Mach. & Fáry American Metal

American smelung

Am. Bug Red. American Tel. & Tel American Tob

Ampex

Anaconda Copper

Annco Steel

Armour

support

1081⁄2 Standard Out of HJ.

Sterling Drug Co.

Studebaker-Packard Corp.

Thick Chem.

ד

43

141

REPORTS

New York, Apr. 21. Sales by the B. F. Goodrich Company for the first. quarter of 1960 were the highest ever attained by the company for any quarter, Mr John I. Gollyer, Chairman of the Board, told stock- holders at their annual meeting.

WGS

Not Income, Mr Collyer said, I Mr L. F. A. D'Erlanger, Chair

lower than in the first man of the Channel. Tunnel Com- three months of 1950 because of pony, said yesterday it might be prices eight months to a year before low replacement tyre and higher natural rubber and it was decided whether or not to go ahead with the estimated employment costs.. Net proâts

dropped to $9,078,543, or $1.01 £109 million project. per share, from $10,324,124, or

The Channel Tunnel Company

$1.15 a share, a year earlier. was formed in 1881, the Issued Sales rose to $200,730.977 from capital is £01,351 sterling in 4s. $115,825,645 for the March 1950hares.-China Mail Special. quarter.

Mr.J. W. Keener, President and chief executive officer, said that new rubber consumption, both for the United States and for the world, will attain new

lovels high

in 1800-China

Mail Special.

New York, Apr. 21. First quarter not income of the Kaiser Aluminium and Chemical Corporation totalled $7,297,000, oqual to 49 conti a share, on common 15,049,152

shares outstanding.

This compared with $4,200,- 000, or 20 cents on 15,006,711 shares in the first three months

Sales of last year, $111,085,000 against $07,247,-

4514

13000.

721

Domestic

21% aluminium

жете

shipments of than

were lower

London, Apr. 21.

Babcock and Wilcox declar-

ad u final dividend of 41⁄41⁄2 percent, less tax, making nino percent for the year onded Decombr 31, 1959, against 13 per cent pre- viously. Group not profit was £673,291, against £1,853,979, aftor tax. China Mail Special.

Gutta

Toronto, Apr. 21. Percha and Rubbor Limited announced today that it is closing down its rubber manufacturing operations because it can- not compete with imports. The move will throw 365 Gal-

expected in the first quarter be.ployees most of them in Toronto,

in cut of work cause customers absorbed ventories built up at the end of 21959, Mr D. A, Rhoades,

President, said.

to

Mr M. O. Simpson, Chairman of the Board, said: "The lack of adequate tariff protection has inanufacturers an invited foreign Earnings rose, reflecting

the price 6! increase find

Canada Today export to aluminium in December and they are able to sell many in-

contract dustrial rubber the completion of a

products in 30% calling

shipments of Canada at prices close to cor bauxite to the Government custa,” stockpile-China Mail Special.

30

0124

Stokely Van Camp.

434

001

Bwin & Cu.

AR

Texas Cu.

LOGAR

Textron Inc,

332%2

The Water Oll

2011

Time Low.

dei

019.50

Travellers Ine.....

142,30

Comm. future price index..

Atlas Coen. Minding 60.43 Batchwi-Luna-čiarn, 204.54 Timore & Ohio

02.13 esenciat Fiance 144.54 Bendix Aviation Corp.

Tri-Cont. Warrants

1015

Twentheth Century Fux Film

23312

Union Carbide

Union Oil of Cal.

40

6014

Unko Pacific Railway

Benguet Cand.

184

United Aircraft

| Bethlabeys Sted

45%

United Fruit

Ducha Airplang

2315

United Gas Corp.

Borden (The Co

401.9. Fou

45%

Bumough Add Machine

102

4015 | Calif. Packing Corp.

307 U.S. Line Co.

3515

Cana. Brewers

U.S. Rubber

0412

ADI. Clues ..

31

Campbell Soup Co.

48+

US. Smelting

23

451

Canadian Pacific R

2000

U.S. Steck

18

Came (J. K.) Co.

12E

American Coble & Radio Corp.

10

Cat. Tractor

20

UA, Steel 7 P.C. PF Warner Bros. ....

24615

*42

62%

Celanese Corp.

605% | C.1.7. Financial Corp.

Waukesha Motors

Westinghouse Air Broke

Westinghouse Electric

5-475

Jay

Western Union Tol. Co. Wen Va Pulp & Paper Winn-Dixie Stores

45%

IN

Woolworth (KW)

ext

Zenith Rodo

QUQ

-UPL

Alden Som, key, Alled Chenderia Coch American

Texas

Instruments paced electronics with a rise of about five points. IDM, Wagner

and Electric

Motorola added around three. Telephone continued to sag on the company's indication of no dividend hilde in the future. It fell nearly one.

near

Allled Mil Loc.

Am. Drake Shoe

American Airline

American Cyanamid Co.

Am. Ca & Electriu

London

has

dismal day

of declines

London, Apr. 21.

Chase Manhat. Bark

Chrysler Motors

Cluell Peabody

Colgate-Palmolive

Commercial Credit

Colombian Carbon Co

Consolidated Edison

Continents Can

Continental ou of Del. Crane Co. ***** Crown Zelierbach Cuban Amer. Sugor Delaware Hudson Co. Douglas Aircraft Dow Chemical.... Dupont de Nemours Eastern Air Line Kasiman Kodak

El Paso Natural Gas Family Finance Corp. Firestone Tyre & Rubber Pirai Nat. City Bank Ford Motor ..... General Dynarnica

New York sugar Stock markets trailed through a dismal day with General gods

market

New York, Apr, 21.

World No. 4 sugar futures to.

day closed unchanged in a point higher on sale, of 170 contracta.

to a point

0003115

Domestic No. 6 sugar future finished unchanged Lower on 378 sales.

100 104

175

172

ཐཱ

300171

3500 r 173

mariat unchanged at 3.01 pouru

the already uncertain investment outlook further upset by Wall Street's overnight fall. Industrial shares slid down including a wide range of blue chips.

Poor results

from Babcock and Wilcox Caused other to engineerings

lower. to Motors shared the trend with Ford the exception scoring a three shilling rice in front of tomorrow's general meeting.

Insurance

Unit Insurance Conlon-£-

Aircraft and Motora

Ord-20s. British:_Moter

Ford Motor Co cor.

awker Siddeley Group Ord

Holls Royce Ltd Ord-458. Tootes Ltd "A"-10% Cd. Standard Triumph International-

Breweries

Distillers Co-

World futures were quiet and nitrowly mixed all day

Channel Tunnel turned wenk 11 Od. with

comment on the offerings of Cubans in the world after critical

the threat of com- a plan and

petition for treme from civil

At one time itd. Marfect action in domestics airline operators.

they lost Ave shillings but re- centred on evening up opera- 7200 220tions in nearby May which ex-covered nearly half this by the

bell.

Don

174

500 22.00

100

23

150 (23

1300 22.90

pired at the clues of the session,

The dock strike which crip- pled New York harbour is

200 de 27.40 morning apparently played no

B00 12.30

1000

Electric

20.40 11.00 1150 20

1800 27

200 275

.

MACAO E

Од

12.40

Telephone

200 12.212 part in setting a prieš trend in jnd their 121, 1380 100,∞) 13.50 | Futures—UPI.

TUO 13.70

1800 19.60

30 304 400 20 3841⁄2

1000

1000 * 50

-200 @ 421%

U.S. INVESTMENT QUOTATIONS

INDUSTIUALS Coment.... 42-4316 STONES, ETC.

Datry XD 2014 20.00 1100

Walnoo

1. Craw...

2540

.

BONDS STEADY Government bonds maintain- steadiness and there was little activity in the foreign bond market. Dollar stocks receded

board on across the marking down in tune with Wall Street's lower levels.

South African golds failed to attract buyers and prices gen- Lassen érally fell back with ringing to two shillings six perce

Coppers kept on the The following are US. invest- | downward track. metits in American dollars,

Despite a higher dividend and Buyer's prices include commis better will Burme Oll tost ground with Shell in a dull oll

Affilated Jund

Closing Prices

South African Breweries-24 ct. Buliding and Materials

Portland Cement-07 Associated Goodlaws Wall & Lead Ord-607. Coal, Steel and Engineering Babcock Wilcox Lid-50% 10% cored gteel-16#.

Vickers Ltd 300 436c2

British American Tob. Co. L- €02 10

Imperial Tobacco Co., Ltd-04x,

Miscellaneous

Boardman Morden British Oxygen L Canadian Paciod Ry983 Der La Fare Co. Lith UrduE Dunlop Rubber Coffe Dd. Gliman Holding Lidd. Hongkong & China tine 10. Imperial Chemical-56 ibd. Lyons & Co-70 d,

110-130 319. Unilever

Paper Bowaler Paper Corp Pad--72 D4,

Radio and Electical Associated Electrica)-30% 3. Electrical Musics40H, Engid: Electric Co29% Oct. Geral Electries o

Shipping Indo-China Bew

General

Gen. Pub, Uu. Getty Off

Gen. Tyre & Rubber

Glidden Co. .....

Goodrich B. F) Co.

Goodyear Tyre Grumman Alterafi Gulf ou

Hahmond Orgen Hamestake Mining Co.

Haho Power.

Ingersoll-Rand

Island Blesi Co. Interchemical Cory, Int'l Business Machines Int'l tarvester

International Nickel International Paper Int'l Tel & Tel -Johns-Blanville Co,

Keiver that

Kannon C. Power & Light Kennecott Copper.... Kimberly Clark ...

Liggett Myers Tob. Co. Litton Ind.

Lockheed Aircraft

Loews Incorp, ..... Lone Star Cement Co. Lowenstein Kon McDermott J. RaY McDonnell Aircraft Merck.JOIN Mesabi Iron Corp. Mirunisola Mining -...

Motorola Ine, National Can Beg. "A" National Dairy Prod. National Lent National Steel Corp. New York Cahirsi Norfolk Westem By North Amer. Aviation Northwest Airlines Oklabama Nat Gaz Olin Mathieson Otis Elevatora.............

842

US Gypsum

for

London, Apr. 21. Shares of the Channel Tun- nal Company fell today on the London Stock Ex- change by 5 shillings to 36 thillinge, but later a shilling was recovoted,

A study group reported yes- terday that funnel between England and France to

carry

Agreed merchant twin railway lines was a "pre-

rates

West German Deutschemarks, Maximum selling 72-11/18,

over,

tical possibility."

Some political quarters, how

assert

that the British Government is lukewarm to the scheme and this feeling is thought to be behind today's fall in share prices.

Czechoslovalda and Hongkong Are the chief exporters of low- cast rubber goods to Canada--- Reulcr.

Chas Pfizer and Company

New York, Apr. 21.

Incorporated had a net in- come in the first quarter of this year of $7,102,000 or 43 cents a share com- pared with $5,339,000 pr 39 cents a share in the same quarter last year. Announcing this at the com- pany's annual meeting. Pizer's president. Mr John E. McKeen. said rales, rose to $68,722,000 from $60,517,000 in the Juary- March period of last year- China Malt Special.

Yesterday's Closing

COMMODITY PRICES

LIVERPOOL

SUGAR

Closing prices per b

COTTON

all ink

American Contract

May/June

pener

METALS

NEW YORK

Closing prices, all in cenis per ib.:.

Load May

July

13.00 30.44

20.250

RUBBER

Closing prices, all in sterling per long ton:

Nex

NEW YORK

Buyers Sellers

Tin

Spot

78735

78054

3-month

Tak

784

Coppet

Spot

201

2073

3-month

2413%

closing

Lead the hall Apr July Zine 2nd halt Apr.

7%

July ..

UPL

rubber futures

prices, all in cents per lb

July/Aug. Oct/Nov,

NEW YORK

Dec/Jan.

Mar/ApHI

Closing prices all in venta per

lb.:

Mixed Contrast

Contract No 4 (world)

May/June

27.40

May

2.08

July/Aug

23.40

July

205

Oct/Nov.

Zine May

Soyt.

3.13

This Jan.

July

Oct.

3.10

Mar/April

Copper May

July

Mar.

May

Total Sales: 110 Contracts,

::

LONDON

02-71

Contract No. 6 (domestic)

Ich

Minion Development Monsanto Chemical Co.

303 July

6.12

Jesik

15.tb

41

Total Bates: 370 ContractsAP.

Montgomery Ward

40%

173

60%

50%

763%

231

MAY

(Com.

2014

NEW YORK

July

Closing prices

all in cents

Sept.

40th

Nov.

2019 Der ib.:

JAU

#pot

34.10

Mar.

#312

May

503.00

May

1712

2274

Off

30.00

Paramount Pictures.. Parko Davis Co.

Deo.

Penny J. C. C. Philip Morri

124

Max.

31000

May

1km

Procter & Gamble Co.

July

porta:

Fileburgh Fisto Gl

Out

30.826

No. 1 May

30.000

June

1106-11016 310-119

Mar.

20.00

No. 4 May

No. Maj

118-11816

No. 4 May ********

15-115E1

Spot rubber unhaled .......

1ს.

Blanket cirp.....

H

$1.00

No. 1.polo crepe

127-120

32.70%

LONDON

201801

Ban Rey, Poper

30,029)

Cloning prices all in per lb.

pence

Blogter Corp.

eason

31.30

alob

mili, Kline de Freneli ...

The

Mat

BÀO PAULO

30.30%

Holiday

Cowlis prices all in eruzeiro per

Averigu, kršen · In ·

14.

Owen-Dunols Class Nav, Co. det Oxford Paper Co.

Pacific Gas & Elec. Strom Navigation def ord-Fan American Afrways

Alores

Biorew "A"-470 21 Universal

"Marks & Spencer Lid-71# 36.

Woolworth FW. Co ca 45ku.

Textiles Coats 3 & PL00 $54. Courtauld Lam615. ca C

200 68 201

1900 4.20:1

34

500 34%

COTTONS

Textiles

2.35 9.90 1000

*

500 34

1.00 1000 1.99

Blon,

Sellers Buyers

7.17 1.70

An Duy Par

41$ 50.

4.01

4.34

2000 # 9,90

Alam Dev Mut

0.00

145 14,80

13.7#

1000 #99.00 2500 + 24,40

Ata Hought 13 .........

0.02

Bullock md......

J2.40

13.00

Rubbara andi qulet UPI.

icas slayed

Canam Gen Inand... 13.30

1427

50 13.00

Canada Fa

1042

17.00

Cinklian Int Growth

Chemical Fund

10.49 11.77

Cymwith Block

Dividend Sh

12.16

breytus Fund

Balón Sc 11. Stock

Electronios Zove

****

Wound Mat mund

10,69

IMI FU IC-7 ....

201%

Tretit To

· 10.49 11.40

Inalit

10.07

1164

Trait come

025

0.04

11.18

*****

1500 14.12 19.07 11.88

Allied

Nanyang MISCELLANEOUS

INVESTMENTS

Vibro

Int

RE, ATE.

Invest. ... Gilmans

7.05 795 000 or 7.00

1000 7.90 2000 700

Exchange rates

Invest Ty Borion_... Keystone Class Fa.........

in the Jocat Keystone Canada...

markets | Man Soy T

Burinom was done unofficial exchange torstillig at the following rater: UA. dollars (per Bl)

Steril notes (per #1) port Antrale per iper di M Indonesian rupiata (per, 100).. Filon treni tuer 100) Singapore (traits)

Blow

30 Mai de dr du l

Boudder 24 Cha PROJETS 24 Tund

Z | Wellbeton June 117

$4.99

10.30 10.29

1423 18.4 23.45 20.11

citedged nonda

Bellian Transport 3. 1978/80-

"Console 214%%%~-~- £ 447% -

QUIZBOLS #70-1171p Converfoli

Binding, Loan

514%. 1990–

inding Stock

1909/0 3

21276, 1900/2004-

Lown 4 1000/100

¿Funding 0-1/30. Havinga 3%, 1965,799-896-3/18.

„„Hinzoley's Bar "A"

Lloyd's dea

orde

Goldfelder of South Africa

Cor, Zine Corp, Od-75% 34.

De Beers the141 31.

Hongkong Tita 4'ých

· Pata ing_mu od.

Ratt 40.

Bouthern Kinda Coma Led-tog pkt.

Uni Corp=600

Won Driefonteins

2014 da

Goldmining

Brko Petroleum Byndi

CRIC-BİR

Britan Durmah Petroleum, -Beitlin Pretzymatins Co., KADRON

-Reuter

Pune Oft

Statio Corporation Radio Corp. Pret Republo Steel

| Reynolds Metal

Įternode Tobacco

loyal Dutch

Fears, Roebuck & Co.

She Oll_0."

Badarwny Bloyme

40011 Paper

unclair, Gi

Notony Mogu "ÖN

terrorit

Bouth Puerto Rico Sugar

Goathens Co. (PR)

| Southern Natural -čigo

Southern Kallway. (Com.)

NEW ORLEANS Closing prices all in cents per

Mar.

May

LØBER

28.40

17.500

27.200

19.30b

Strafta

SINGAPORE

Closing prices all in

cents per . fo.b. Malayan

by

8080

No. 1 spot 244-84% Bettlernent house torm:

General markete, c.lf. basis, porij

FOREIGN

ENCHANCE

NEW YORK. Closing ratcmn;

30-day Do-day

Soltan Bwitzerland Jefella Pakistan

LONDON

Closing rates: Hew York Montreal Copenhagen

Oxfo stockholm

Viens

£.71-1/16-1.71-2/10

Apuro...

July/Dept.

Ost/Doc.

2416-7496