1960-05-27 — Page 2

Pagë Z

THE CHINA MAIL, FRIDAY, MAY 27, 1960.

WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE

Wall Street

MARKET EASES SLIGHTLY falters on

Reaction sets

in on

on more

profit-taking

Unsettled conditions continued in the market throughout the week resulting in a considerably lower turnover.

Attempts at recovery failed to sustain with proli-taking pul- sing a damper on any improve

meni.

The market on the whole however remained comparatively steady and price changes in most cases were fictional.

Banks led the declines with a; drop of $25 on the week followed hy Wharves which fell off by $14.

There were a number of ex- quiries for Union but Lombards appeared to be left out in the cold.

Both the Dock companies re- mained steady, Hongkong Whampoa Docks put on a dolier | while Taikoos, remained steady at $60.

Providents continued in de- mend and advanced 40 cents on the week closing at $21.00..

Hotels strong

Hotels remained strong with

i

Al the close yesterday the market appeared to ease but there were signs that buyers were ready to come in again,

Market diary

Friday:

Monday:

buyers always present to snap up Tuesday: offerings. They closed at $42-

$2 better on the week. Lands remained steady at $80 with a fair amount of business.

Realties were perhaps the most dealt in during the week and reached a high of $2.12. They selling eased off slightly on pressure and closed at $2.075

In Wilts Tratis,

China Ligs and Electrics showed fractional gains while Star Ferries were neglected with Bel- lers at 5180 at the close.

Cements continued to improve with news of better sales and closed at $54-$3 to the better.

In stores, Dairies improved

while Latte, Crawfords remain-

Unsettled conditions prevailed in the morning with shares offering at lower prices. Buyer's oppezred later and 105925 were so recover-

Â.' Turnover Bot The "day WUF Eb- proximately $3,590,000.

There was renewed demand for serio at the

and opening the market ed. vanced on a brood front. Profil-taking

in some sections

were encountered. Volume of business transacted-was, ap-

EK Bank Lombard

T

The share market

Union Wheelock RK Wharf

HK Docks

HK Realty

at

aglance ★

Up or Down

Dividend

& Bonus

13.10

Field(%)

★ 9935-26-39999997_033

late selling

New York, May 26.

Stocks, irregularly higher all day, faltered under a barrage of profit-taking around the close totlay.

The market

was

ultra British Amer, Oft

Apr. 28

May 5

1275

May 12 1290

May 19

May 20

1209

T3B

-$28

1814b

46)

24 xd

-$2

961

.95%

91b

號

-$1

7.20

4.20

+100

230

278

2k8

248

113

110.

126

115

+11

310

Taikoo Docks

59 xd

633xd

654

60

60

steady

Provident

21.30

21.60.

23.49

21.28

21.60

+40c

52.80 $1.10

HK Hotels

371

3814

44

40

12

+12

*$2.78

HK Lands

60

59

80

steady

> $2.40

LOTS

1.975

2

1.95

20

+1240

18t

HK Trama

3214

2014

314

32

+250

$2.05

Star Ferry

162

180

182

1825

180

49

Yaumatis

180

181

186

178

1741

$8.50

Ch Light

23.60

2344xd

24.10

2234

22.89

$1.10

Electrics

26.20

29.10

304

26.YO

$1.90

IK Telephonr

373%

384

1024

齉

$1

$1.75

G. I. Cement

444

4744

541

+$3

34

Dairy Farm

28.10xd

2814

3114

2844

28.20

+700

$1.85

A.B. Watson

28.80%

28.80%

29

26.201

231

-201c

$1.50

Lane, Crawford

$6

3624

4214

*1

steady

$2

Ini Investment

8.45

8.75

6.80

8.10

siendly

*85c

Allied

7.95

6.90% xd

6.85€

1.ba

B.EAS

-10%

$1

last three sessions, dropped fraction, as did Polaroid with loss of more than four.

15b

15.60

16.10

16.90%

15.80s

-100

90c

*10.20

10.79

1000

++20€

65

International

15

18

14.80

15.60

18.00

+30€

$1.10

HK FELAY Textile Cory Nanyang

豁

HONGKONG London Market Rubber

STOCK EXCHANGE

Our Own Cerimtesndəns

London Market runs into profit-taking

London, May 26.

Business done at the Hong- Stock markets ran into profit-taking today, but plus marks still managed to outnumber minus signs by the closing bell.

proximately kong Stock Exchange this

$5,313,000.

morning amounted lo approxi tons and the morning's transac- mately $1,552,000. Noon quota-

tions:

Sharer

The stock market made flasher pro- xress so far as rates were concerned. Reaction set in leter GOVT. LOANS

31 (1048).. proit-taking. BANKS Volume of business; HK Books

East Asia to amounted

INSURANCES Undon

on

$4,207,000. Wednesday: Firm conditions

Crevailed market during the helf day session Dock

ed steady, Watsons falled to Thursday:

sustain interest and closed at

528 nominal.

Both Textfles and Nanyangs showed fractional gains although they were not dealt in consider- able Wumbers,

The rubber section remained Arm.

Bayer Betters Sales

8:215

1280

200

69

SHIPPING

Waterboat...

the

Wheelock

5.10

DOCKS. ETC. K. What

112

21.40

59

4124

(Hin)

5812

24.60

34

2005

7.75

with very Title price changes. Provident Benks were easier

Unions and

were enquired for el 1ower levels. Business transected was about $2,000,000,

Taikoo Dock

HK Hotel LAND. ETC. HK Lend Humphreys Realty RUBBER Amolz. The fregular with Jovo-Cerveri minor gains and UTILITIES

market

was

Trem

losses. Banks were Star Ferry lower while Unions Yaumell C. Light Electric

етс ignored. Volume of business

was slightly over

$4 million.

THIS IS YOUR WORLD

When you place your Capital on Deposit in

a Bank Account, earning

per

32

annu

Payable hall yearly without deduction of United Kingdom Income Tax, thus giving you the best

of both worlds.

ASSETS EXCEED £100,000,000

Write today to the General Manager for your copy of “Bank Deposit Account,” Booklet No...AO.74

LOMBARD BANKING

maronai!

LIMITED, BANKERS

LAKŠANO HOUSE, VORZUM UTREET

PARK; SPUNE, LONDON W.1

· Associated Banks

LOMBARS KERKING (VAR FART) LTD

Telephone

NK Gas

INDUSTRIALS

Cement ....

Rope

*

30%

173

£2,00

28.30

1280

63

18.70

STORES, ETC.

Dairy

93,90

Watson

401⁄2

Kwong S. it..

Ira

COTTONS

Textiles

10.00

15.80.

Lane, Craw.

Nin, anx

USCELLANEOUS

Gilmans INVESTMENTS

Int

Allled

ཟ 8རྨཱ 8 8 ཧྨཎྜ ཀླི ❁ སྠཽ 3 a ལྫོཎྜཛོ༔ གླུ ་ ་ ནྟིཾ་ ིི ཨི སོང . ིིད་སྐྱུ

1224

Yesterday's wide demand for industrials ebbed but selective buying made

good many features.

Somie blue chips shaded. Breels turned erratic but up- turned in late buying. Else- tricels held firm while breweries, tobaccos and building issues went ahead.

gave

2130 bends stayed idle and dollar

stocks burned dull.

Canadian Pacific Ri5-4455%

De La Rue Co. Ltd, ordinis pà, Bunlop Rapper Co 278 pa.

market

review

Singapore, May 26. Despite overseas advices be

Ing much improved the opening was hesitant and sellers met the market at very little over last night's final levels.

Buying was thin and restrict- ed whilst interest in lower sheets seemed better though mostly for

man Ricing Lids #d. Hongkong China Gas-16 3à n. nearby shipment. Imperial Chemical-80% 8. Lyons & Co-Flis cor. Unilever Lid 150m 18/5dy"

Paper Bowater Paper, Corp Ord–725.

Amioistated, läcetrical mera då. Electrical & Musical—60s·10TGAN. English Electric Co–401. 05. General Electric-s

Shipping Indo-Ching ord-236 d.

Steam Nav. Co., def P&O Steam Navigation def brd-- 39 9d.

Investment demand gilt-edged a boost but gover 114ment securities did not always

hold their best rises. Forelm

231

5614

Great

London buying put gold mining

14.

shart's up again.

Coppers were firm and

other

base metals improved.

2.03

continued their recent

advance

7A5

and teas were quiet.-UFI,

7.70

Oils were uncertain. Rubberts

Closing Prices

Giltedged Bonds

174

British Transport

KATH

2816

Consola 2%-£ 47.

28.40

23,30

Consols 15-£{V}%

5%, 1978/88

Conversion, Loan 355. 1909–

85282-7/16.

Funding Loan 3% 1959/00-

391 £82-7/19.

Funding Stock 32%, 1909,2004........

Funding Loan 4%. 1900/36— 2.98-15/16.

13,90

54

53

Savings 3%, 1955/65-201-3/18. Savings 3%, 1980/76—200-18.

Savings 3, 1998/75 £144.

Banky

29.10 Barclay's Bank "A" Ltd.of-648.

25.90

2914

35.90

15.00

2.18 10

Chartered Bank—33s 6d. Hongkong-16045.

Lloyd's Bank "A"-629 91.

Insuranca

Union Insurance Canton-29%.

Aircraft and Motors

British Motar Corp. Ord-19, 474. Ford Motor Co-lib 14.

Farver Siddeley Group Ord-30s |

Rolls Royce Lid Ord-37%.

Rootes Ltd "A"—105 4124.

Standard Triumph International--

8.75

8.05

8.70

118.

8,50 6.40

Chicago grain market

Breweries

Distillers Co-5 101.

South African Breweries 3.

Beliding And Materiale Associated Portland Cement-03%

101⁄2d

34.

Goodings Wall & Lend Ordits

Coal, Steel and Engineering Babcock & Wilcox Lads 11⁄2d. United Steel-78 d.

Vickers Lad-sm Bd.

FOOD END TONAÇen British American Tob, Co. Ett

4160. Imperial Tobacco Do., Ltd--07:

Miscellaneous Boardman Marden Ltd-és 10158. Brith Oxygen Lid. On-928 d.

U.S. INVESTMENT

QUOTATIONS

Starer

Universal Stores "A"

Marks & Spencer Lad–729 1168. Woolworth F. W, ≥ Co—69a 45d. Textiles

Coats J&p Ltd 44% ed. Courtaulda Eld-650 1016d.

The afternoch was quiet at the start but, with lack of sup- port and some upcountry selling prices later eased.

Lowers were neglected.

In New York, rex rubber futures today closed 10 to 30 points lower with sales of 39 contracts.

OVERNIGHT GAIN The current May delivery went off the board

2000 pound trading up to 49 cents a for an overnight gain of 400 points,

selective until the final hour Calit. Packing Corp.

Cana, Ek of Comm when even some of the recently- | Čans. Brewera

Case (J. 1.) Co.

favoured ectronics showed the Campbell Doug Co. Other Canadian Facite R. strain of heavy Belling. chief targets were the steel, car Cat. Tractor and oll groups.

Universal Mateh, strong the

Celanese Corp.

C. 1. 2. Financial Corp. Chase Manhat Bank

chrysler Motors

Cluett Peabody

a Colgate-Palmolive Co. Colombfan Carbon Co. Commercial Credit Consolidated Edison

Business Ma- Continentai Can

chines, up nearly 12 at its best, Contimental OH of Del. Just More than half of the rise! Crane Co.

in the late selloft.

Texas Instruments lost

Crown Zellerbach

Delaware & Hudson Ca. Diamond Alkali

more Distillers-Seagram

than thrée and Zenith Ground Dominion Stores

two.

Profit-selling

Douglas Aircraft dropped Dow Chemical many of the recently popular Dupont de Nemoure glamour stocks from the day's Eastern Air Line best levels.

Eketman Victlak

Family Finance Corp,

Today's volume was 3,720,000 First Nat. City Bank

shares.

Of a toba 1227 issues traded 459 were higher and 555 lower.

American exchange volume

was 1,380,000 shares.

Georgia Pacine

Firestone Tyre & Rubber

351

Ford Motor Co. of Cana.

149

Ford Motor

B5:

531%

44

90

116

4531

Gentral Dynamics

Gederal Electric

General Foods General Motors

Gen. Pub. Util.

Gen. Tyre & Rubber

Bond's volume amounted to Glidden Co. $5,800,000.

| Goodrich (B. F.) Co.

Goodyear Tyre

Great Northern Raliway Dow Jones Closing averages Grumman Aircraft

were

30 Industrial 20 Rails is t 05 Stocks 40 Bonds

Comm. future price Index

Closing Prices

Abitibi Pat, & Paper

Alden me. Acy.

Altona Bieet Corp.

Gulf Oli

Hammond Organ

622.78 Heyden Newport Corp.

141.55 Hiram Walker

06.85 Hohestake Mining Co. 206.04 Huksinan Rafrig.

88.50 Idaho Power 148.50 Imperial Oil

Imperial Tobacco Ingersoll-Hand

Inland Steel Co. Interchemical Corp.

Its Business Machines 1011 Harvester International Paper Int'l Tel & Tel

Johns Manville Co. Kaiser Industries

Kansas C, Power & Light Kentecott Copper

Kimberly Clark

Lggest & Myers Tob. Co.

|

Alled Chemicala

Alfed Mills me.

Ant Chaimers

Am, Brake Shoe

42

American Alting

19

American Cable & Radio Corp American, Cyanamid Co.

Lily Tulip

B

Litton Ind.

Amer, a Forgn. Power

Lockheed Agcraft

Am. Gas & Electric

Am. Home Prod,

About half of the trade was Am. Mach de dry. centred in the spot May, de- American Metal livery. Wall Street commission | Am. Natural Gas houses, moving to cover, had to Antipan Emelting Cons Goldfields of Bouth Africa-bid the market up before un- 86: 440

MIDE

Cons. Zinc Corp. Ord-756 64.

De Beers del-Jets Pd.

Hongkong Tina Bd.

Petaling Tin-

d

Rand-Es.

Southern Kinta Cons Läd÷27% 98, Union Corp-85$ 475d.

West Driefontein Gaidyining- 875 3d.

ou.

British Bornes Petroleum Byndi. cite=425 98...

A

Brich Burmah Petroleum-28. British Petroleum Co., Ltd-ta 1.

Burmals-450. Royal Dutch Petroleum-413-19/32 Transport & Trading-145s Stell 30.

-Router.

Yesterday's Closing

loading offerings from trade in- terests,

Strength in May acted to steady e succeeding July de-

A gay Ref.

pla, Loews Incorp,

180

23

B1

36

America Tet à Tel

American Tob,

Amipex

Anaconda Copper

Armes Steel

#1

Armour

43

| livěty, which rallied 1⁄2 cent a Ate Cons, Mining pound from the morning low Barain-Line-FERTY). point

Later months were easier in tone reflecting the lower cables and the slow factory interest In the spot market.

Current month No. 1 Rss was quoted 141⁄2 cents, nominal.

In London, the rubber market was barely steady with spot quoted at 38% pence.-UPI.

Baltimore & Onio

Bank of Montreal Bank of Nova Scotia Beach Life Savers B. C. TH. CO.

Bell Telephone Beneficial Finance, Bendly Aviation Corp. Bergret Conă.

Bethlehem Breel

long Airplane.

Boeing Altplane

Burroughs Add Machine

COMMODITY PRICES

COITON

No, 3 June

No. 4 Jule

117-119 TEZ-13%

113-1143 130-131

Spot rubber unbated... 14124-1282%

Blanket grepe

No. 1 pale crepe,

LONDON

Căing prices all in pence

NEW YORK Closing prices all in per lb.:

cents per ib:

No. 1 ss pat

Beliserpent house terms. Spot: 3415; July: 3282; Oct; 3107;

July/Sept. Dec 31.12: Mar: 31.52 May: 51.78 Octy/Bed. Juir: 8175; Oct: 31.46; Dec: 31.50; | Jan./Mar, Mar: 31.9.

Aps://bany

NEW ORLEANS.

General markets, cil. basis, ports,

Closing prices all in cents July Atry.

per lb.:

Spot: 31.00: July: #232; Oct; S100; Dee: 318; Mar: 3152; May: 2180; July 3134; Oct: 31:40; Dec: 31.75; Mar: 21.85.

LIVERPOOL

SUGAR

Lone Star Cement Co.

Lowenstein & Sons

MoDermont J. Ray

McDonnell Aircraft Merck

Menai iron, Corp. Minnesota Muring

64% Migon Development

Molsone Brewery

#Mersanto Chemical Co.

Montecat

Montgomery Ward

Motorola Inc. ...

15|| Marticored Bicult Co.

My National Cash Reg. "A"

Bib National Dairy Prod.

$14 National Lead

$12

National Steel Corp.

4

New York Central

447

Naranda Mities Lick

Norfolk & Western Ry.

North Amer. Aviation

Northwest Airlines (Com)

3436

VT.

rahanta Net, Gas

Oln Mathieson

21 Otis Elevatore

25

Owens-linols Chias

Oxford Paper Co. Pacific God & Prep. Pan American Airways Paramount Pictures

Co

Parke David Co.

Penny

Per Salt Co. Philip Morris

Pitney Bowe Procter & Gamble Co. Pittsburgh Plate Glass Publicker Industries Pullman

Pure Off

Radio, Corporation Radio Corp. Pret.. Raytheo

Republic Stee

Heynolds Metal

Köyal Bank of Canada Royal Dutch

Rheen My.... Bears, Bocúck & Co. shell OU Co.

Safeway 'Etor

Saint Reg. Paper

cents Schenley Inc.

NEW YORK Closing prices all in per Hb.;

Contract No. 4 (world) ».,

Scott Paper

Megar Corp. Azjat Sinclair O

BOS-CT smith, Khme k French

3.300

3.58

329

Justy Sept

Oct.

Jur

NAT.

May

Estäte crepe this June

July

thick June

38LL ---UPI.

Spot-AB. Cubas

Total Salca: 208 contracta.

Open interest: 8,2352 poptracta,

Contract. No. 6 (doinestic)

Fúly

Sept

0.55

Nov.

4.89

Spot-CAL, NY.. ex-duty) 155.

Total Bales: as coritracts, Open loterest: 3,094 contracts.

NEW YORK

Chicago, May 26, Most Train futures drifted moderately lower in aziniler slow glon today on the Chicago Board of Trade. Wheat contracts were

quiet and mostly steady. A religious holiday curtailed export trade, and the only business reported was a sale of $55,000 bushels of The following are US. Invest- westein white wheat to India. ments in American dollars. May/June: 22.40; July/Aug: 23.15; Selling in wheat futures was Buyer's prices include com-Oct/Nov: 12; Dec/Jah: 210; restrained by hews that rain in mission:

Mar/Apris 24.20; May/June: 22.50. Texas and Oklahoma had delay-

Mixed Contract

Oct/Nov: 223: Dec/Jan: 00:40; MAY/April: 2155; 358://3D: 255 per 15:

ed cutting operations.

Choking price all in pence (per 16.4

Afstated Fund

KANG KRYMI 7.37 7.70

4.07

$500

UPL

Am Bu Shre

Soybeans eased In Q dull Atom Dev Hurt market. Commercial interests Are Bought B were the main sellers. Meals Bullock Bund

Brm.

功

15.12 37.23

15.34 160

and oils declined after opening and Gen. Fund.. 12.Az

Canadian Id Canadian Int Growth Exporters said Venezuela par- Chemical Fund chased small amounts of spring Dividend Sh

Comwith Stock wheat. India and Turkey were Dreyfus Fund said to be in the market for ton & H. So, ILE more whest--UPI.

Exchange rates

official exchange market this Ang aking delibering rates U.B; dollars (per #1}^2} Sterling Notes (per R1) Australia notes (per 24). Indonesian rýplety (per 100) 3. Stam Goals (EAK-X00}} Singapore (Struktu)

Electronics Down

Found Mut, Pand ......... 1008- Kamil Fà 2.7

It Pound Icallt Growth Trufle Income, Invest Tr Bontán Keystone Cost: B

morn- þam. Jay De

- 4.75 | Net - Bee, Ber: Growth

1030 Scudder M & Cl.

12.65 Telev in Wund-

: 30 } Valve Line, Fund

American Contrket

RUBBER

NEW YORK

Ivan

July

Zine

METALS

$1.50

FOREIGN FACHANGE

NEW YORK

Closing rates: Comedi England official

Closing prices, all in sterling Addreifa

Yong bok

LONDON

Bost Sellers

New Zealand Bouth Africa

Pakistan

LONDON Closing rates;

12056

Body Mobil. Dil

South Puerto Rico, Sugar Southern CS. (The)

Boulinin : ffatural Gas

Southern Railway (Com.)

Sperty mana

gabelkrá Brands

Standard Dil of Cal Standard Oll of ind

Braid Oil, OF NAT Steep Back

Sterling Drug Co, Stokely-Van Cath.

| Stone & Webster

Studebaker Packard Cory. Buhige Mining

Swin & Co.

Tess Co

Tide Water Off

Настатия

Union Carbide Union. Oll of Cel

Union Paciße Railway

United Fruil

Brated G Cap UB, YB

2,8008 18. Line, Co. 12 UB. Bubber. ››

Ug.. melting

VS. Steel

216 0.5/Breel † Pr..

Warner Bros. West Motors

Winn-Dixie Stores Woodworth (kW).

121