1960-08-12 — Page 2

Page

THE CHINA MAIL FRIDAY, AUGUST 12, 196

WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE

Wall Street

MARKET REMAINS EASY gains on

ÍK BANK Lembara

UNION Wheelock

The share market at

HOP

П

a glance ⋆ Buyers appear

Dividend

★

Boda theid{$)

$48

July 14

2230

July 21.

1910

July 28

1185

Alg. 4 11052d

Aug. 11

1185

Up or Down

stelky

40h

385

#Sh

#1

90

st.co

*9.8

7.40

1.35

2.30

7.45

7.85

+20€

25c

3.5

HK Wharf

246s

2109

240s

240

222b

-$18

$8

3.8

HK Docks

110

107

105

109

108

---$1

$10

9.7

Taikoo Docks

54

5434

50

5445

54

300

$2.80

5.5

Provident

20.80

20.20

20

20

$1.10

3.5

HK Hotels

41/4

#%%

4014

4144

4014

Be

63

HK Lands

58

58

85%

38

57

-500

$2.40

4.2

HK Realty

1.85

1.825

1.725

1.825

1.80

-2160

150

8.2

IIX Trus

32b

3144

314

32

3%

steady

$2.05

6.6

Star Ferry

1718

171#

167

170

1685

39.66

5.5

Yaumatis

171

179

176

182

182%

steady

4.2

Ch Light

22.30

22.10

214

22.20

21.90

-300

$1.10

5

Electrics

28.30

28.10

27.60

28.30

28.20

→→100

$1.00

6.7

HK Telephone

38

33

371⁄4

3834

2814

+500

$1.75

:

4.4

G. I. Cement

54

5314

521⁄4

8334

600

7.5

Dairy Farm

28.80

281

27,30

28.80

2814

---30€

$1.85

6.6

A. S. Watson

25.80

25.60b

268

26.00

25.000

steady.

$1.50

6

Lane, Crawford

43

438

42

41

41 S

500

$2.75

Int'l Investment

8,85

8.70

8.00b

9.15

9

15€

650

7.1

Allied

6

6.05

8.90

6

#

steady

$1

16.8

IK FE Inv

14.80

14.900

14.90s

14.60

14.808

steady

900

5.9

Textile Cord

11.40

IL.20

-10%

Nanyang

19.30

18.40

18

13.99*

300

$1.10

7.6

8.70 ex+all 8.70 ex-all 8,80 14.20%

• ex bonus issue.

FIRST HONGKONG FUND

EMPLOY EXPERTS TO SPREAD YOUR INVESTMENTS OVER HONGKONG'S SOUNDEST ENTERPRISESI

IMPORTANT

The offer opens on 5th August, 1960, and closes not later than 16th August, 1960, Applications must be received at the offices of the Managers, Hong Kong Unit Hunds Limited, P.O. Box 690 Hong Kong, or 701 Alexandra House or at The Hong Kong & Shanghai, Banking Corporation, The Chartered Bank or The Mercantile Bank during that period.

No.

FIRST HONG KONG FUND

OFFER OF 1,000,000 UNITS AT $1.00 PER UNIT

PAYABLE IN FULL ON APPLICATION

All shares currently included in the Trust Fund are shares

quoted on the Hong Kong Stock Exchange

-FORM OF APPLICATION.

APPLICATIONS MUST BE FOR A MINIMUM OF 500 UNITS AND THEREAFTER, IN MULTIFLES OF 100 UNITS

To: HONG KONG UNIT FUNDS LIMITED

We hereby apply for....

...units in the First Hong Kong Fund at the advertised price of $1.00 per unit, in accordance with the conditions contained in the offer and subject to the

sms of the Trust Deed dated 12th July, 1960.

I/We enclose cheque/money order/cash for $.

being payment in fall for the number of units applied for. I/We understand that the money will be returned to the/as in full if no Unita are allotted.

I/We declare that I/We am/are over 21 jeth of tjjë;

BLOUK ŽE 1-1 E- Mk på tra

SURNAME(S) (In English)

Mr. Mincer Mixò

OTHER NAME(S) IN FULL

ADDRESS

?

+

SIGNATURE(S)

Telephone No.

Date

(in the case of joint applications all persons must sign. Corponctions should com plete under the hand of an authorised officer whose designation should he stated)

NOTE: Detailed Information Folder is available from Hong Kong Unit Funds Limited, 701. Alexandra House or F. O. Box 690 (Ta. 28106) or from, leading Banks or Members of the Hong Kong. Stock Exchange.

$2.50

Further

to be playing

a waiting game

late buying

New York, Aug. 11.

Stocks scored sharply on a burst of late buying to- day with steels, chemicals, some airerafts and scattered specials dominating the play.

The late support drie though Gür Foll

to give the list its best gain of Get the week and its sixth successive chan market rise.

Good

| Goody

Chemicals stood out with guins Grumman Alterart of more than dece in Union Gulf On

aans

market was somewhat neglected carbide and more than one-in Heyden Newport Corp during the week with buyers reluctant Du Pont, Eastman Kodak and Hiram Walker to ratain sustained interest.

Sellers oh, the other hand re- fused to give way and held on where there were signs of possi-

ble interest.

Except for a handful most stocks showed minus sigris led by Wharves with a decline of $18.

Banks remated steady at $1,195.

Unions

were transacted a dollar cheaper at $90 while there were still

takers Ro Lombards at $38 sellers.

for

Wheelocks, the only stock to show a rise, came in for some fair demand and closed ·· at

American Cyanamid.

Homestake Mining Co. Human Refrig.

'. It was & chiênge of pace from Idaho Fawer

UTTOW price Impera o the generally

Imperial TotREED naked Ingersoll-Rand Hongkong Toska dropped

movements that Have

Interchemical Corp. dollar while Taikoo were down trading during the past week. faland Steel Co. 50 cents below last week's price. Gains of more than a point apt? Businem Machines Providenta remained steady at peared in many pivotals, Harvester stren

$20.

the averages,

Hongkong Hotels and Landsly those used to complie

wĥtle were Mon Realties after last week's rise, fell off by 2 cents.

In Uilities, Trams remained steady at $32. The two power Iractionally companies were lower.

In stores, Dairy Farms and Lane, Crawfords were slightly while Watsons down neglected.

In cottons, Textiles were a

were

Closing prices

Abius Pyr. & Paper

der lag. Any

igoma Steel Corp.

Alded Chemicals Alred Mila Inc.

Alta ChamarT Am Brake Shoe American Airline

∙Am Cable & Radio CorD: Ameron Cyanamid Co. Auto & Foren Powe

$7.65-20 cents belter on the fraction lower closing at $8.60 %. Que a „dectric

week.

advances

on London market

London, Aug. 11.

Stocks advanced for the third consecutive session

today when demand ran into stock shortages.

Confidence grew that Britain's 18 per cerit bank tite may soon be cut. Hopés dl a favourable putcome of the top level Anglo- German talks in Born also Brightened the economie out- look.

July's high steel output, about 22 per cent up on last JEET, and report of bulging orders for the industry helped steefs,

On:

front the take-over Morphy Richards jumped again on reports of alks with the Dutch Philips Lamps while the Electrical and Musical Indus tries Co, frais si bidding to take control.

Engineerings, electrical equip ments and newspapers scored

HONGKONG

STOCK EXCHANGE

Our Own Corrispondent

Business done at the Hong- kong Stock Exchange this morning mounted to approxi- mately $ 815,000 Nob quota. Lions and the thing trans- uctions:

Bhares Buyers Belleri HK Bank XD 1190 1105

BX. E. A

Lombard ...

Unicn Whert Co.

Vinterboat Wheelock

HK Dock Provident HK Hotel HK Lond

...

Sales

20 @ 1185

103106

12904

逃

28.20

7.70 74

2000

107 108 20 10.20

37 $735

180 311 31 Ch. Light 21.00

Pati

HK Tr

HK. Lic. 28.10 283

EX TAL

Cament

Dairy

Watson

Allied Inv.

Textile

Nanyang Mitt

B. Boyta

Такие

A Rubber

13.8614

ထိုင်း

and Nayangs dropped 30 cents to close at $13.00 ex bonus issue.

It appears the market is likely to remain unchanged for the next couple of weeks but ing renewed interest would no doubt start a chain reaction.

.

Market diary

FridaJ7

Monday:

code of the best rises among industrials. Good buying posted gains for banks, building and cements, tobliette and texties.

Gold

dull shares opened under a trickle of Cape selling Tuesday: but improved near the ine bell.

Olts endet trections tower after Barrow irregular move-

it.

Rubbers were easter but teas improvett where changed.. UFI.

Closing prices

Gistelged Binde

British Transport 3%, 1970/38-

2.80..

Condola 2-£45. Consols & 06-3/10

Conversion Loan 31% 1901-

£59-11/16

Funding £81-5/18.

3% 1950/60

Loan Funding Stock $15%, 1999/2004--

264-1/16

Fundmg Loak 4, 1900790-28736. Eavings 3%, 1083/85-2BT Ervings 3, 1960/70-£8 Savings 3%, 196375-70%

Banki

Barclay's Bank "A" Ltd orth-35

Chartered Bank~52x. Hangzot

Lloyd's, Batik "AT-BRE BO.. National Grintys Bank NSE. Westminster Bank "A Non-Emulative: 128 30.

judar kace.

122%

Union Insurance Cantor-25%. Aircraft aka Moter

British Motor Corp. Ord-Lis Dkd.

Ford Motor Co-100 do

Hawker Siddeley Group

77jp

Rolls Royce Lid Ord-id. Bonus Lla "A10.

Standard Triumph Internationaji. Bs 10.

Breweries

Distillers Co 139 34.

Bulking & Habefitt's

Asociated Portland Cement-31s Goodiam Wall & Lead Ord-376

Coal, Steel and Engineering, Babcock & Wilox Lid-333-7150. United Steel-82% 64,

Vickers Liz

Food and bacet

British American fub. Co.. Lidim 87 64.

Bd.

2.70

Imperial Tobacco Co., Ltd-

Miscellaneons Boardman Marden Lid-4}, British Oxygen

Lid. Ord-27#

500 @ 20.161d.

200 @ 17°

300 @@ $73%

500 @ 22

27320

20.60

650 10009 ja 63

4000 @ 6,30

33 54 200 Š

Rub. Trust 8.1 8.00

Tudkoo Dock

HK Clas.. 14.40 19.20 100 14.0

Intl. Inv

H.K. & r..

Iny. (M)

XD

3000 @ 905

(430) 250 @ 14H

Agreed merchant

rates

anadian Dolar

Canadian Prešño Rlý-$441⁄4 De La Rue Co. Ord-914 Dunlop Rubber Co-Zia 2014. Gilman Holding Ltd-2 143. Hongkong China Gas-1.is. Imperial Chemical—65%. Lyons & Co

Unilever, Lid-150 101%d cor.

Pabet Bowater Paper Corp Under $4.

Badio #bā zibetrical Associated Electrical-ots ad. Electrical & Musical--45 14. English Electric Coe KL. General Electric 6d.

Shipping Indo-China Steam Nay. Co. def PLO Steam Navigation der 6:13- 39% 3d...

re Debenhams, Ltd. Ond-46 194. Great Universal Boores" "A ad

Marks & Spencer Ltd. 836 10d.. Woolworth FW. Costs £2, Coats & P208-13 d. Courtaulde Lid=56# 1011⁄2d.

Cóma Golchalar of South Alrick-

Cons, Zine Corp, Or6-7 De Beers def–143 14d. HongkongTin=-10# 33%0. Pelsingin

Southern Kinta ogu Lid-d Union Corp-30-15. West Delefontein Goldani

www.

Borso Petroleum

94.

Am. Home Prod Am & Fury. American Meta

Am. Natural Gas America Smelting An Suc Ret. American Tel & Tel American Teb. Ampat

Anaconda Copper Ammo Steel

APA

Asbestos Corp.

- AU Con King baldwin-Lana-Ham, The market main- Baltimore & Ohio tained a firm tone Hank of Montreal Hank of Nova Sco with little change | Beech Life Savers In rates. Volame of | Bell Telephone

Eeneicial FARRA business was' ap-

Bendix Aation Comp. proximately Benguet Com $2,047,000.

Bethlehem Steel The market heid Boems Arpane

Borden (ps Co. firm with Wheelocks Marmurns Add Machine in demand at higher Brits Amer. Ol levels. Business British Columbia Ed. British Columbia Per. transacted amount | Calir. Packing Corp. ed to approximately Cana Bk. of Comm

Cam. Brewers $1,034,008.

Campbell Soup Co. Although the under- Canadian Pacife R. tone on the whole cam (J. L.) Co. remained atm, busi- | Cat Tractor ness was still on a Cane Corp.

C. I. T. Fools! Corp. reduced scale. Trad-Chu Machet., Babic ,ing was done on a Chrysler Motors moderate scale with Clit Peabody

Colgate-Pammelve Co. prices showing little Colombia Carbon Co. change. The turn-Commercial Credit

Consolidated Ballen over was approxi- Conididated Paper mately $1,897,000.

Continental Can

Wednesday: The political news Contestas Oil of Del

caused the market crom Zellerbach

Crane Co. K

to case somewhat Delaware Se Hudson, Cb,

during the half day at Alicati

Diamond Gard session with some nominion Stores Issues slightly Douglas Aircraft

down. Dew Cheinical marked Turnover amounted Dupont de Nemour

Eastern Air Lite to $814,000.

Batman Kodak Thursday: ". There was hardly

any change in the

El 200 Natural Gas

Family Fence Corp. First Nat. City Bank day's trading. Busi- Fort Motor Co. of Cana. ness being on the rotor easy side. Volume George Pacific.

General Dynamics of trade amounted lectric

To

approximately General Foods

$1,242,000.

Yesterday's Closing

General Motors

$39

or

21

COMMODITY

METALS

LONDON-

International Paper Int'l Tel & Tel

international Nickel

Lockheed Alteraft

Loews. Incorp.

Lane Star Cement Co. Lovenstem & Bónu

MoDermatt J.-Ray. McDonnell Aircraft Merck

Maht Iron Corp.

2 Development

393% Monsanto Chemical Co.

199%. Montecatini

81% Montgomery Ward

50% | Motorola Eno.

National Belt Co

1416 National Cash Reg. "A"

National Lead

1803

67

National Steel Corp. New York Central 68% Noranda Mhe L

双站

Borfolk. Western Ry North Amer. Avlakn Wärthwest Airlines (Com.) Okichama Nat, Gab Cin Mathieson

Otis Elevator

| Owen-Illinois Close

Oxford Paper Co.

Pretic, Gad # Sec.

193 Pan American Airwnts

Paramount Pictures

* Parke Davis 06. -Penn. Salt Co. Philip Morris

45% Pitney Bowes

Procter & Gamble Co. 21 Pittsburgh Plate Ghum 14 Publicker Industries 440 Pure 011

Radio Corporation Raytheon

6045 Republic Steel

Remolds azetal

Reynolds Tobacco Royal Bank of Canada

SPA Royal Dolch

Rhen Mig

53

2010 Scare, Roebuck & Co, Safeway Stores

200%. THO THUS 3000

10% 420 | Sint Reg. Piper

Sobenley Inc. Scott Paper

Sinclair Off

Skulih, Kilaa 4. Brandt Socong Mobil Oil Solar Aircraft

· Standard Brande Standard Oll of Cal. Sandied of of Ind. Stardará Olof NE Sizel Co. of Canada Union Carbide. Unibe Off of Cát, Union Pacific Hallway Cnned Aircraft

2194 United frust

Valted Gas Corp.

20% UR. Foll "B"

BUS. Gum

US Line Co.

US. Rubber

US Smerting

US Steel

53%

28

122

2016

2014

78

Westingh

US Bes P.C. P

Warner Brosk

WaukeshÍLDEW

Air Brake

Westinghouse Inactile

Western Union 201

Kit | Wen Va. Pulp. & Paper 45|||| Winn-Dixie Stores Woolworth (K. WO Zenith Radio

82

Closing prices all in pence per

| No. 1 ̧Ris spot

NEW YORK Closing prices, all in cents per APL/MAY

1b

Lead sept.

Nov.

Zine

Sept.

Nov.

Copper Bept.

Nov.

LONDON

Settlement house term:

Aug

Sept.,

pet/Dec.

Jan/Mar.

Ometal market, c.1.2. basis.

Aug.

11.04

11.10

Best,

1320

Extate crepe thin Aug

20.27

ASĪŠTERDAM

Closing prices all in nulders per kilogram, c.11. Augl Closing prices, all in sterling No. 1 rubber per long ton;

Buyers Hellery No. 2 rubber

No. 2 rubber

Tin

No 1 crepe

Spot

90221 804

*.3-month

80915 800

Copper

Βρος

24514.

3-month

24422

Lead is half Aug.

70

68

Zico 1st half Ank.

Nov.

KUMBER

NEW YORK

Réf rubber Matures closing prices, all in cents per Mar

430; May: 31.30 July;;

· Bept: 3375.

MKUAFÖRE Closing prices ill i stab Zob. Malayan

b

PRICES

NEW YORK

fing prices all

Omittel No. 4 (werk

Open

227 bayers:

237 Uuyers

221 Buyers

COTTON

NEW YORK.

Closing prices ali in capès per

Spot: 2.63: Get: 30.96; Dec: 31. M: +31.70;- May: 22.11; July 2

NEW ORLEANS

Closing prices #li in venta per

LIVERPOOL Closing Prices all in pencë për

LACHANG

NEW YORK

ing 75-371