THE CHINA MAIL, FRIDAY, JUNE 24, 1960,
WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE
MARKET CLOSES STEADY
Buyers turn
selective as
prices improve
The
market
continued
steady
11K Bank Lombard Union Wheelock HK 'Wharf
* The share market at a glance ★
Up or
May 26
1235
June 2 1215
June 8
Juné 16
June 23
Down
1210m
1200
1815
+$15
Dividend & Bonus $48
Yield (%)
3.8
440 x
444xd
425
4.23
400
---$2
$2
5
gob
92b'
03
B414
+1.50
$3.49
3.7
7.20
7.05
6.90
8.90
7.05
+150
25c
3.6
244
238a
232n
230
2560
steady
$8
3.6
HK Docks
114
105
-109
111
+$2
910
9,7
Talkoo Docks
GO
59
583
56
3614
+500
$2.80
4.9
Provident
21.60
30.90
20.20
20.10
21.40
+31.30
$1.10
5,4
HK Hotels
42
4214
4014
40
419%
$2.75
G.8
HK Lands
60
59
GB
58%
89
$2.50
$2.40
4,2
HK Realty
2.075
1.875
1.85
1.85
1.475
+.025c
15c
8.1
HK Trams
324
3114
31
3132
+500
52.05
6.5
but
Star Ferry
180s
1801
172
171
31
39
5.4
Yaumails
174
171
168
169
+$12
$8.50
22.80
2214
21.80
+-800
31.10
4.8
28.70 39
28,30
27.60
27/
28.70
+$1.20
51,90
6.8
381
3741
371/4
+$1.50
$1.75
4.4
52
5014
504
34
+$3.50
17.6
29.20
28,40
27.90
2714
29
+51.50
$1.85
6.6
28n
2016
26,60s
2614
26.70
+20c
$1.50
5.8
41
4034
41s
3814b
4914
+54.75
4.5
8.80
8.25
8.70%
8.100
4.55b
+55c
€50
7.4
6.85%
6.409
6.408
6.155
6.05
-10c
St
18
15.802
15,20
15.309
14.70
14.70
steady
90c
3.9
Texillo Corp Nanyang
10.00
10.80
1036
1016
10,80
+30€
650
6
15.00
15.00
15.90€
15.709
17
+$1.30
$1.10
6.4
selective during the week with some improvement in prices.
close price: Towards the zlackened somewhat on proft tak.ak.
News that London bank rate would almost certainly be raised was somewhat disconcerting.
The daily Lurnaver for the week averaged $4 million.
mate
popular
Some of the ploch; showed appreciable gains.
Banks improved zomewhal with a rise of $15 on the week closing at $1215.
In insurances Unions gained
a fruction to close at $94 while Lembaris
wero completely
Although the
market slipped
at the close bayers appeared to: be still in evidence waiting for a chance to cure in at lower levels.
Market diary
Friday:
neglected.
Monday:
Interest in Wharves slackened and closed at $250 sellers.
Kowloon Docks were up $2 with rumours of a land sale stiil persistent Talkoos were trac- tionally better.
China
Providents improved slightly closing, at $21.40 highest for the month.
interest in Hotels
continued
with buyers improving the rate
Ly $1.30 on the week.
Good demand
Lands, Coments and Wheelocks were in good demand at slightly
higher levels.
Yaumalis and Nanyang cattons
feature of the i were the main week. The former came in for
an appreciative rise of $12 on good demand. Nanyangs on the h
other hand reached a new high of $17. Rumours. That the cum- pany was planning to open a mill in Thailand was responsible for the rise.
Gilman Holdings showed a good working report resulting in fractional gains.
Interesi on the whole centred en the more popular shares al- though there were some bright cpots most sections.
Tuesday:
Wednesday:
Thursday:
The market was active with interest centred chilly in Hongkong Docks, Lands, Electrics, Telephones and Hongkong Cas with some improvemu il in prices. Turnover was approximately $4,037,000,
The market opened firm with general enquiries and elus- ed with prices at their highest for the day. Turnover was approximately $4.757,000.
The stock market ended another brilliant day ола buoyant note. There was a further de- mand in prices and demand continued unabated. Trading a mounted to approxmately
$5,922,000
Ch Light
Electrics
HK Telephone
G. I. Cement
Dairy Farm
A. S. Watson
Lane, Crawford
Int'l Investment Allied
NK FE Iny
HONGKONG Wall Street advances
STOCK EXCHANGE
by
Our Own Correspondent
Shares
this
on active trading
New York, June 23.
Stocks registered their second consecutive advance with individual issues
again holding the spotlight.
General Food
LONDON BADLY
HIT BY BANK
RATE INCREASE
}
London, June 23.
A new government credit squeeze hit all sections of the London stock exchange on Thursday and there were widespread losses.
British
bonds
government were particularly hard hit. As British part of the squeeze banks must sharply increase their frozen deposits with the and it is Bank of England, generally expected that most will raise the money by dis.. posing of government bonds.
Losses were among industriaţ
fairly severe issues, since
the squeeze is expected to custall many expansion plans,
In the mining section, golds and coppers eased and early gains in oils were redticed or wiped out before the close, Tins held firm.-AP.
Closing Prices
Ciltedged Bonds British Transport 3%, £00.
1978/93
Consols 21-£44. Console -£8%. Conversion Loan 34% 1961-
Funding Loan 3%. 10/69-EBOLS. Funding Stock 31%. 1999/2004-
1960/50-
Funding Loan £88-1/19.
Bavings 3, 1963/69-895. Savings 3, 1900/TO-£TA
Savings 3, 1905/75-72.
Banku
Barclay's Bank "A" Lid ord-54a,
Chartered Bank-81s.
Hongkong--£0%
Lloyd'a Bank "A"--57s 6d.
43
Penny J. C. Ca.
1814
Iamrance
135 | Philip Morris
129
Pitney Bowes
481
Procter & Gamble, Co.
Gen. Pub. Util.
28%
Publicker Industries
two-
Glidden Co.
Gen. Tyre & Rubber
Pullman
15% Pure Ol
2914
Goodyear Tyre
40
Radio Corporation
073%
but
Great Northern Hallway Grumman Aircraft
2814 | Raytheon
41%
3214 | Republic Steel
Gulf Ori
2837
Reynolds Tobacco ....
7016
Hamnord Organ
4412 Royal Bank of Canada
Hiram Walker
34 Royal Durich
37
30
Safeway Stores
U.S. INVESTMENT
Saint Reg. Paper
40%
3
Schenley Inc.
11% Scott Paper
367
Sinclair bit
38
Smith, Kline & French
4524
Socony Mobil O
381
174
Southern Natural Gas
Business done at the Hong-
The reporting tickers ran be- | General Dynaphon Stock Exchange kong
amounted to ap- hind floor transactions at the General Electre inorning
pared General Motors Home selling $2,280,000, Noon close as proximately quotations and the morning's most of the early gains.
Brokers are hopeful the transactions;
day advance might be the start of the summer rally, volume will have to increase 0.1230 considerably before any rise
could be taken seriously.
and Electronics machine issues found Electronics
of Imperial Of featured gains around
four points in IBM and Impertal Tobacco Motorola, while Vendo rose around
BK Bank..
Lombard Ins. Union Ins. Wharf Co.
Wheelock
Due to light scale Dock.. protuking thei
market suffered a
sethack during the Provident half day
session
with prices in HK Hotel
nearly all section
registering
small
Kains. Turnover for HK Land the day was proximately
up-
Buyers Bebera
1195 1210
Sales
64 1200
0615 RAB
7.05
120
7.15 5000 7,05 14000.14
112 200 110
400 150
1100 ra i11
300 111
41
21 21.40 2000 21.20 500 21.20 42 350 $14
..
57%
vending Huseman Refrig
favour.
Idaho Power
Ingersoll-Rand Inland Steel Co.
five and Universal Interchemical Corp. Match and Automatic Canteen around two each in the vanding
500 @ 41 group.
5000 @ 4135
50041%
58 1200 58
PROFIT-TAKING Profit-taking hit the recently
2200 or $7% favoured Nail Corp., dropping the stock more than two points. Polaroid also fell back about two points,
50 3214
800 58
375715
4200 @ 58
400
"
HW.
32
100
181
32
Youmali
$2,794.000.
Nanyangs, Yaumatis and Cements were bright spots in an otherwise feature-HK Tra less market. Volume Ch. Light of business transacted was ep- proximately $4,725,000.
THIS IS YOUR WORLD
When you place your Capital on Deposit in
a Bank Account, earning
per 52
annum
Payable half 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. AD.74
LOMBARD BANKING
LIMITED BANKERS.
Hand Offer: LOMBARD HOUSE, CURZON STREET PAKE LAZE. IDADI M.3.
Âncelarat Bank :
LOKBARD BANKING (FAR EAST) LTD 115.0, MX 2984, SEDONA VLOGE
— FDILAYSON HOUSE, BAFFLES QUAY-
SINGAPORE - THlaphone: 29323
A World-Wiki Banking ned Flames Oramočtation ·
142
372214
500 181
200181
60022
2212 22.70 2000 22.40
Marquardt was active and up
a large fraction in the aircrafts where Martin rose around 2 but Bendix lost more than one.
Oils featured gains of around Lavo in Amerada and about one 500 & 21 in Sinclair, Texaco and Stan- 1000 4 22.00
500 G 22.60 dard, Ol (Indiana). 26.40 28.00 1200 28.60 tacked on fractions
300
39
500 a 58%
300 382
200 39
200 39.
G. 1. Cement 3315
54
700 33
Dairy Farm 28.80 28.90
Welsch
.. 26.70
Invest.
Textile
Nanyang
Rubber Trust Takoo
Realty
IIK Gas
100053 1000 / 53 500 53
Ent'l Business Machines
Harvester
International Nickel
Intr Tel. & Tel Kaiser Industries
Kanans C Power & Light
Kennecott Copper Kimberly Clark
Liggett & Myers Tob. Co.
ly Tulip ... Lockseed Aircraft Loews Incorp.
Lone Star Cement Co. Lowenstein & Sons. McDermott J. Ray Merck
Mesabi Iron Corp. Monsanto Chemical Co. Montgomery Ward
5135 South Puerto Rico Sugar
444
58
Standard Brands
44% Standard Oil of Cal. 109% Standard Oil of Ind. 52% Standard Oil of NJ. 781% Steel Co. of Canada Stone & Webater .......... Studebaker-Packard Corp. Sunshine Mining
22% Textron
34 40
3815 40%
jd.
Hawker Siddeley Group Ord-lis
Rolls Royer-Lid Ord-ész 6d.
Rostes Eid “A”—118 36.
Standard Triumph International---
9 d. Breweries
Distillers Ch 951 30. South African Breweries-248.
Building and Materials Associated Portland
1055d.
Cement-641
Goodings Wall & Lead Ord---816.
Coal, Steel and Engineering Babcock & Wilcox Ltd-380 4364. United Steel-740 74%d cor,' Vickers Ltd 33% 41jd.
Food and Tobacco British American Tob. Co., L KB 9d.
Cu.. Lid-439 Imperial Tobacco
Cd.
Miscellaneous Boardman Marden Lid-48 €16d. Rett Oxygen Ltd. Ord-91′′ <lid
Canadian Pacific Rly-116.
De La Rue Co. Ltd. Ord-748 Bd. Dunlap Rubber C-258, 30. Gilman Holding Ltd-25 41d. Hongkong. China Gas-15 61 1. Imperial Chemical—–—5?#' 435α, *** Lyons Co--721 1144. Unilever Ltd-172, öd.
Paper
Bowater Paper Corp Ord-59N,
Radio and Electrical Asociated Electrical 53s 1011⁄2d. -Electrical & Musical Gd cor.
English Electric Co- eigd. General Electric-36# 9,
Shipping
Indo-China Steam Nav. Ca, def ord-22 3d.
P&O Steam Navigation def orde
390.
Stores
Great Universal Glores "A"-45%,
3d.
Union Insurance Canton-25%.
Alteraft and Motors British Molor согр Ord---16s 10.
Ford Motor Co-1044 44d cor.
QUOTATIONS
The following are 'U.S. invest- ments in American dollars.
Buyers prices include commis
Marks & Spencer Ltd-725 643.. Woolworth F. W. & Co-013
Textiles Coats J & P Ltd-18s 431d.
Mines Con Goldfields of South Africa- Sila (d.
Cons. Eine Corp, Ord-755 (0.
De Beers def--130% 434.
Honkosk Tin—125 1996
Petaling Tin-88.
Rand-2 d.
Southern Kina Cons Ltd-2x Ski, Union Corp 49% 411⁄2d. West Driefontein Goldmining--??$ 103,50.
Ou
British Borneo Petroleum
cate 488 10d.
Britian Burmah Petrolam-15 90. British Petroleum Co., Ltd-1. Burmah-is 9.
Hayal Dutch Petrolewn-214%. Shell Transport & Trading--1441
--Reuter,
Canadian Int Growth
206
Syndi
Rubber
41% slon:
Sellers Buyers
777 Aliated Fund
7.38 7.96
79
Am Bus Shrs
4.15
80
B
Atom Dev Mut
3.36
Sd. 1.85
52
3
Axe Hought B
· 2346 | Swin & Co.
44
Bullock Fund
12.68 $3.00
2015 Texad Cá
77% Canada Gen. Fund..
12.65 13.88
10 Thinkol Chem.
20%
Canadian Fo
15.84 17.14
47
9.78
10.67
222 Tide Water Oil
17% | Chemical Fund
11.42 12.79
892 Traders Finance
57
Comwith Stock
15.91 17.29
46
Tri-Cont WarTRYL
23
Dividend Si
334
4316 Twentieth Century Fox Film
49% Union Carbide
36%
Dreyfus Ed
15.18
16.50
134
Eaton & H. Stock
12.04
12.37
175
Union Ol of Cal.
41% Electronic Inv
7.61
8.54
632 Unred Aircraft
Union Pacific Rallway
2
Found Mut Find
10.92
11.97
396 Hamil Fd HC-1
5.08 5,56
10.43
11.52
80
17.27
12.33
(21/
8.22 4.91
25% UB. Stec
11.13 12.16
92
US. Steel 7 P.C. P.F.
21.35 23.30
141
30% Warner Bros.
Keystone Canada
(Com
20
Waukesha Motora
Mass Iny Tr
13.29
14.48
30
Mass Growth
13.14
16.37
80
Nat Bee Ser Growth 9.15
19.00
111
Pacific Gas & Elec.
6234 Winn-Dixie Stores
West Va. Pulp & Paper
Scudder St & Ci
Telev Fund
8,42
9.18
and
Pan American Airways Paramount Pictures Parke Davis Co
181
Woolworth (K. W.)
Value Line Fund
5.44
50%
Zenith, Radio
1127 12.33
46%
14.13
Rufis
Motorola Inc. National Biscuit Co. National Cash Reg. "A" National Dairy Prod. with the National Lead exception of again of more than National Steel Corp.
New York Central cne in Santa Fe.
Norfolk & Western Ry. The industrial average Was North Amer. Aviation pulled up by the chemicals Northwest Airlines which showed gains of a point Oklahama Nat. Gas
Otis Elevators Owen-linois Glass
or more in Du Pont, Undon Carbide, Allied Chemical and 800 25.80 Eastman Kodak.
1590 54
1400 N 28.90
Ford rose about one 100 z 29 Chrysler and General Motors 500 28 90 100 28.90 fractions following a report on Z7 500 26.70 a slight pickup in auto output 300 26.40 this week. Bethlehem and U.S. 15.60 Steel added about one each in 10.70 a firm steel group.
4 630
10.00 1010 3000
2000 16.90 37 500 17 2000 & IT
7.65 735
8.70
50 501
500 58 1000 @ 56 1.85 1873 5000 ( 1.875 5000 1.875 14.40 145 1840 & 14.20 1400 14.20
UK. & F.14%
Inv
29,
4140 14.30 370 14.20 700 € 10.20 820 14.40
200360 5000 ( 3
280 Gr 14.20
Today's volume was 3,020,000 shares.
Of a total 1,100 shares traded 567 were higher, and 409 lower. Dow-Jones closing averages
were:
20 Industrials 20 rulla 15 )
65 stocks
40. bonds
Comm. future price index 1..
Closing Prices
Abitibi Pwr. & Paper
Algoma Steel Corp.
Allied Chemicals
5512
United Fruit
584 US. Cypsum
US. Rubber
US. Smelting
2936 Werlinghouse Air Brake
Westinghouse Electric
Yesterday's Closing
2314 Instit Found
112 Instit Growth
5437
21 Inst Income
Invest Tr Boston Keystone Cust B2
IV. I. P...
Wellington Fund
COMMODITY PRICES
NEW YORK
Closing prices all in cents per
Contract No. 4 (world)
LONDON
Closing prices all in pence per
METALS
NEW YORK
market
review
Singapore, June 23.
The market ruled idle for
most of the morning with some inquiry for lower sheet which was met at current differentials.
end Towards the
of. The morning there was some short- covering which took prices to highest level for morning.
The afternoon wes idia until the close. Thereafter there was a few. brig exchanges on slightly easier market,
In New York, rex 'rubber futures closed 55′ points higher to 10 points tower with sales of 75 contracts.
UNSETTLED
The market turned unsettled 1117 late in the day after a CGA an- 11.33 nuncernent that it plans to 11.18 offer
a-cent a pound dis
119
647,41
143.15
02.83
212.19
$2.74
SUGAR
No. 1 Ras spot ...
38%
145.85
Settlement house term:
July/Sept.
Ocf./Dec.
JAR MAY
# 39%
Арт./Мат.
32
64
General markets, c.11, basis. July
Closing prices, all in cents per
1b.:
Vibro
Invert.
8.63 8.75
Allied Mills Inc.
3514 lb.:
Aug
Lead
July
Allis Chalmers
30%
Estile crepe
Sept.
Giliran
2.05 2125
Am. Brake Shoe
42%
thin July
July
2.85
Zinc
Judy
Humphreys
241
25
Am. Cable & Radto Corp.
931
thick Aug.
Star Ferry
170
174
American Cyanemki Co.
3724
Sept
2.86
Sept
Am. Home Prod....
19119
Oct
201
Copper July
Rope
19
Jan.
2.99
Sept.
ཉྫཾཋཱ་ཐཱ
Am Mach, & Ydry
Lane, Crow.
43
Mar
1.97
LONDON
2114
3.02
May
per kilogram, c.l.E-July:"
047
July
3.00
No, i rubber
2.50 buyers
53
3314
Spot (F.A.S. Cuba).
2.43
No. 2 rubber
Total Sale: 795 contracts
347 buyers Der long ton:
No, a rubber
3.38 buyers
53
Open, interest: 6,901 contracte
30%
Contract No. G (domestic)
3-with
7904
Sept.
6.07
Copper spot
258
24815
Nov.
B.10
4914
Spot-(C... N.Y. ex-duty) 5.90
Tel Sales: 300 contracts
Lead and hak Jude Scot záne and bolf June
UFI.
Sept.
SUPL
NY sugar market
World
American Metai
Am. Natural Cas
American Smelting Am. Sugar Rex. American Tel & Tei American Tob. Ampex Anscondo Copper Armeo Sice!
Armour
Asbestos Corp.
Baltimore & Ohio
Bank of Montreal
New York, June 23
Bank of Nova Scotia
No. & sugar futures Beech Life Savers
B. C. Tal. Co.
closed points lower contracts,
unchanged to eight Bell Telephone
on sales of 785 Bethlehem Steel
Borden (The) Co. Burroughs Add Machine Brith Anser. Oll.... British Columbia Pur. Calit Packing Corp.
Domestic No. 6 sugar closed two to three points higher on sales of 100 contracts,
Fears that Cuba will con. tinue to sell sugar in volume, on prices, ignoring the effect lay behind the sell off in the world futures market galt the impact of Secretary of State, Mr Christian
today, The
Herter's
statement yesterday
Caun Bk of Comin. Canadian Pacific R. Cat Tractor Celanese Corp.
C. L. T. Financial Corp. Cirane Minhat. - Bank Chrysler Motors Cluett Peabody Consolidated Edina Continental Can....
Continental 03 of Del Crown Zellerbach Cuban Amer. Sugar Delaware de Hulan Cha. Diamond Gard qu
that the US reduce-its-support-Dimer-Bangrams on Cuba as a sugar source was Dominion Stores
also settling.
The domestic contract Unued to benefit at the
Dow Chemical ..... Dupont de Nemours Badman Kodak, ALL CODE Paso Natural Gas ex-Family Finance Corp. Tight Nat. Caty Bank Georgis. Pacifie
| pense qi world futures-UPI,
Open interest; 3.045 contracts.--
RUBBER
NEW YORK
おす
Rex rubber futures closing prices, all in cents per I.
July
46.95
BRICO
Bept.
41.85
Nov.
40:40
652
Mar
38%
May
48
208
July
AMSTERDAM
Closing prices all in guilders
No. i crepe
113
count below current market
30 RE price for crude natural from the government stockpile. The
Closing prices, all in sterling discount, which is in addition Buyers Sellers standard quality, will apply to
3.75 buyers Tin Boot
--UPL
COTTON
NEW YORK
Closing prices all in cents per
Ib.:
Spot: 24.25 m; July: 32.85; Oct: 31.09; Dec: 31.17: Mar: 31.52; May: 31.71: July: 3177; Det: 147: Deat 3147; Mar: 32.10.
FOREIGN EXCHANGE
NEW ORLEANS Closing prices all in cents per Ib.: $3,50 Spot: 31.90; July: 31.07; Oct: 31.15; 39.00 Dec: 31.49; Mat: 31.78; May: $1,78; 38.40 July: 31:20; Oct: 31.55; Deč: 31:65; | Australia 37.85 Star: 3324..
SINGAPORE
Closing prices all in Straits
centa
15.
„porís:/
per lb. fo.b. Malayan
No. 1 July
Aug.
No, 2 July
1994 No. 3. Juỹ
No. 4
PP | Boat rubber unbeled sayBlanket p
NEW YORK
Closing rates
Canada England officer,
20-day
New Zealand Bouth Adesca Belgium
Poldaten:
Other unchanged ti
LONDON
LIVERPOOL Closing prices all in pence per inda
American Contract. July/Aug;22.38; Dot/Now: » 22.30; Deg./Jan: 2.45; Mar/April (22.55; May/Sune: 2,50,-
Mixed Contract
·July/Aug: 22.75; Dot/Nov: 2180 Deer/Jangan 30′ Mar/Apell: May/June: 2200-UPI,
Closing rates:
New York
Amadeandem
| Brannels,
707
to a previous guarantee of
791 about 400,000 tons to be sold over the next nine years, GSA 72 said
DIT
Actually the market remained 90% relatively quiet "with" "buyers deciding to awaft Hurther devé- lopments and a settling of prices after the auzouncement.
The spot price for No. 1 smoked ribbed theels WEB quoted at 471⁄4 cerita.
2.3000
In London, the rubber mar ket was steady with spot quoted"; at 38% pence.
In Amsterdam, the rubber market was steady today-UPL:
Exchange rates
WIEDER WRs done to the... lossi
· Exchange utencial
market moming the Zolowing rules | 118, dallari (per $13/7927
Sterling notes (per (21) Australian boles (per 21) |Indonesian rupial (per 100g.
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