1960-08-19 — Page 2

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WEEKLY

THE CHINA MAIL. FRIDAY,

AUGUST 18, 1960.

EXCHANGE

London

REPORT ON THE HONGKONG STOCK

MARKET STAYS STEADY stocks

Slight decline in prices but volume considered good

The market remained steady for most of the week but closed with slight declines in most stocks,

The general decline included Banks (down by $5), Docks (down by $3) and Yaumati (down by $2).

Star Ferry up by $2, led the stocks which showed gains.

International Investment main- during the tained a lien rale week.

In sulle of the general fall- off in business over the past two months, the turnover has been Inaintained at $t million plus ench day this week, which is considered good under the pre- sent conditions.

been at- The decline has

to an easing off of tributed money towing into the Colony From South East Asian countries, and. Hongkong investors seizing opportunities abroad.

are

ex-

Market conditions pected to change little for the next two weeks. When the causes for the decline have been removed, the market could shoot up again..

Market diary

! Friday:

Monday:

Tuesday:

The very throughout the day with trading on a restricted scale. Hongkong Banks were slightly lower, while Internationa] Fuvestments

market was steady

im-

proved fractionally and other issues remained unchang-, rd. The turnover approximately

WAS

$1,102,000.

the

Light scale selling was well cbsorbed and the market ap- peared

steady at the close of day. The approxi- mate Lurnover was $1.607,000.

The market main-

Wednesday: The

market was irregular durkag the half-day session, with an encasing volume of business. Fractional gains were registered by Tram Lights, Electrics, and Inter- national Invest- ments. while Wheelocks, Hong- kong Dots, Tal- koos, Lane Craw- fords, Rubber Trusts, Amilgamat-

ed

Rubber and

Cotton Issues lost ground. The 29- prixlimate over was $1.340,000.

Thursday: The market closed irregular with fractional losses on balance. Yolume of business transacted was approximately $1,057,000.

HONGKONG

STOCK EXCHANGE

Ly

Our Qin Correspond, st

Business done

Stock kong

HK Bank Lombard

Inlog

Wheelock FK Whart Docki

HK Hotels

IK Lands

a glance *

a

Up or

Down

-$5

Dividend

& Bonus

$48

Yield(%)

3,3

*The share market at

July 21

Jaly 28

1210

1185

Aug. 4

118xd

Aug. 11

Aug. 18

1193

1190

* 400

401

38p

9.35

7.80

4.65

240

240m

2300

105

alkoo Docks

1434

50

52

$2.80

Provident

20.20

20

20

20

19.80

$1.10

41%

401

4134

40%

4014

$2.75

58

5524

58

572

3614

$2.0

1.823

1.725

1.825

1.80

1.773

150

314

4114

#

32

32

92.45

1711

187

110

168b.

170

$9.50

179

178

182

182.

180

$8.50

Ch Light

22.10

2132

22.20

21.90

21.80

-10c

$1.30

Electrics

28.10

27.60

28.30

28.20

28

-200

$1.80

HK Telephose

38

3734

1834

3814

1812

140

$1.75

53

3214

5314

53

$4

Dalry Farm

~~281

27.30

28.80

281

2814

steady

$1.85

A. 8. Walmon

25.00b

269

25.60

26.60n

25.40

200

$1.00

Lane, Crawford

432

423

4141

41

38525xd

32.15

Int'l Tuvestment

8.74

8.60b

9

9.10

+100

650

Aliled

*8.05

3.00

6

5.30

-10c

$1

16.8

14.90

14.90%

11.00д

14.80s

14.90s

+10c

5.9

11.20

18.40

18 L.

8.70 ex-all 8.70 ex-all 8.60 14.20*

~100

13,90⚫

13.40b

-50c

$1.10

* ex bonus issue.

HK Realty AN Trams Blar Ferry

Yauzistis

BK FE lay Texile Corp Nanyang

Citez Pasko"GEBRAEEDCEEE®

Minor losses mark second

decline in Wall Street

The stock market closed

of minor losses and week,

Gains of 2 or more appeared electronics and in leading scattered

speciala. Steels and allos were mixed, diemicals mostly Arm, vending machines. cameras and aircrafts steady to slightly lower.

Trading was off somewhat from yesterday's fairly active pace and many of the recent

New York, Aug. 18. today in a broad scramble its second decline of the

Publicker Industries Pure Oll

Radio Corporation -

Radio Corp. Pref. Republic Steel

Raytheon

Studebaker-Packard Corp.

01/

319

Sunshine Mining

13

Swift & Co.

44%

38

Texas. Co.

78

831P

Textron Inc.

20

Reynolds Metal

47

Thiokol Chem.

Reynolds Tobacco

817 Tie Water Of

Royal Dutch

312%

Time Inc.

Rheem Mig.

1800

Twentieth Century Fox Film

Aan. Swear Ret.

2634

Sears, Roebuck & Co.

5758

Union Carbidë .

American Tel & Tel Amerian Tob. Amper

901

Shell Oil Co.

Union OD of Cal.

602

Safeway Stores

371

Union Pacific Railway

Salat Aeg Paper

37% United Aircraft

Schenley Inc.

$1

Scott Baper

64

United Gas Corp.

Blegier Corp.

Sindale Off

Anaconda Copper Armes Steel

Armour

Asbestos Comp. Atlas Cons. Mining Baldwin Lima-Ham. Baltimore & Ohio Bank of Montreal Bank of Nova Scoti Beech Life Savers

G. Tel. Co.

Bell Telephone

Beneical Finance

at the Hong-andouts, amota them Poleriod. Exchange this end Underwood settled back morning amounted to approxi- into the loss column for the first mately $1,207,000. Neon quota-time in days. tions and this morning's trapsac- tions:

Shares

Lained its steady HK Bank undertone and Bk. E. Asla

showed signs of

Union Los..

slight

ment.

improve. Whart Business, Waterbou.

Co.

Wheelock.

however, W 3 S

Sole Agents JEBSEN & CO.

12 delay 14

35261-75

JACF 2137

on a restricted scale HK Dock

and there were no

speci

The

lea rares. Provident approximate HK Hote HK Land turnover was $1,346,000.

PASSPORT TO SECURITY

LOMBARD

BANKING

IMITED BANKERS

INLE LANE

A Wavimentor Ent

DEPOSIT PASSBOOK

BANK DEPOSITS WITH LOMBARD ́ BANKING earn a steady 6% interest in assured Security. Ask the Manager of your local Branch or write to. the General Manager at Head Office for your copy of "Bank Deposit Account" Booklet No. A.0. 74. Intwant pall without deduction of United Kingdom Income Tax

Open a

6%

BANK

DEPOSIT ACCOUNT

with

LOMBARD BANKING

LIMITED

BANKERS

Head Officer LOWEARD HOUSE, DURZON STREET

PARK SARE LONDON 3.1 2 Telephone: (20 4511 (20 m)

Lasociated Bank 1 LOMBARD BANKINN (TAR RAST) 130 P.0, 30X 2888, BÉCOIKO FLOOR FINLAYSON NONIE, KAUPLES QUAY KUNAPORE THAIMANT SALE

A World-Wide Banklar yal Plagece Orgnation

Buyers Sellers gulcs

118 1190 60 1190

202

100 # BL 2009115

2230 26.20

7.45 7 4000 @ 7,5 108

--

103 165

1500 100

500

104

1000

5615

Yaumati

190

BK Tran.

Ch.

31%

Electric

Light 21.70 21.60

Telephone.

G.I.. Cement

Chrysler lost a small fraction, GM held at around yesterday's close, while Ford, American and Checker Motors al ran up

America or more. a half Motors improved,

International Business Ma- chines finished with a gair of around 2 after being up more Beckman than 5 at its top.

Added around 2 and Zenith, Texas Instruments and Magna vox 1 or mÖNÜ.

Today's volume was 2,890,- 900 shares.

Of a total 1,187 shares traded,

1.70 484 were higher and 486 lower.

American Exchange volume 820 was 1,060,000 shares.

1732

21 20

28 29.10 6

38 38

38

62

Bonds volume

800 38 $4.870,000.

Dairy Farm 28.10 28.30 2000

Walson_.... Allied Iny.

Textile.... Nanyang A. Rubber

R. Trust Talkoo Duck

Star Ferry

XD

38 83 84

amounted to

Bendix Aviation Corp: Bengus Cons. Bethlehem Steel Boeing Airplane Borden (The) Co. Burroughs Add Machine Brind Amer. Ou Britte, Columbia Pwr. Calif. Packing Corp. Cana, M. of Comm

Cana, Brewers Camphell Soup Co. Caudan Pacifc R Case . 1. Co. Cat: Tracto

Celtic Corp.

C. IT Financial Corp. Chrysler Motors Chell Perody Cof-Palmolive Colombian Cerbon

Commercial Credit Consolidated Edison Conibental Can

Contental Oil of Del.

Crane Co.

Crown Zellerbach

Cuban Amer. Segar Delaware & Hudson Co. Diamond Gard

Distillers-Seagrams Dominion Stores Dought Aircraft Dow Chemical ...... Dupont de Nemours Esem Air Line Eastman Kodak

Dow-Jones closing averages El Pisco Natural Gap

23.30

28.20

were:

器

Industrial .....

2000 @ 8.40

20 Rai

13.20 13.60

18 Utilities

51% 5.05

3.70

1.45

53 5314

165

24.40 14.00

1.16

24.80

*0.15

HK Gas Metal Lod.. Repe Hong Kew Humphreys 2214 Inter. . HK & FE

Invest (0) Glan Realty Mació. Rec.

хо

*L., Cray XD

1.90

ིི 3 ཥྱནྟཱི ཙླི

19% 1.775

1140

5000 45.00

2000 ( 535

5 Slocks

40 Bonds

Comm. future price index

Closing prices

Abitibi PWT. & Paper Aden Inc. Acy. Algoma Steel Corp.

Alled Chemical

Allied Mills 104

Family Finance Corp. 624.82: Firekne Tyre & Hubber 133.37 First Nat. City Bank

94.84

Ford Motor 207.85 Georgis Pacific

85.00 Genes Dynamics 142.88 General Electric

General Foods

General Motors

Gen: Pub, UN

Gon, 7. &er,

Gen. Tyre & Rubber Glidden

3314

512

3215

Goodrich (BT.) Co.

54

Goodyear Tyre

Great Northem Hallway

Grumman Aircraft

Allis Chalmers

272

Che Gu

Am. Brake Shor

American Airline

201

Hammond. Organ

Am: Cable & Edio Corp.

Fran Walker .....

American Cyanamid Ca.

55121

#4 Homestake Mining Co.

1844

56% da Power

Human Refrig.

Am. Gas & Éledric

Am. Home Prod.

Am Mach & dry

American Metal

Am. Natural G

American Empling

INVEST IN THE FUTURE OF HONG KONG

AND JOIN WITH OTHER UNIT HOLDERS EMPLOY EXPERTS TO SPREAD ROUR INVEST- MENTS

OVER HONG KONG'S SOUNDEST ENTERPRISES

For informative foldover, Application Form and full details on FIRST HÔNG KÔNG FUND, Send this coupon with your name and address to:

HONGKONG UNIT FUNDS LTD.

NAME

ADDRESS

TRUSTEES:

701 Alexandra House PO Box 690 Hongkong.

Hong Kong a shanghai mank, Hong Kong, (tekstas)- LEE,

NOTE:

PIRIT HONGKONG, PUND: UNITS CON TINUE AVAILABLE AT THE CURKENT MARKET PETE

Emperial Of

Ingen-Road

Sleek-Co

561 Irom lackines

Int Harvester Zemetrial Nichges

Interisional Pip Inti sel, & Te. John Mantle Co. Keber Industries Kerncott Copper

Kimberly Monk

Ligkeit & Myers Tob. Co. Zij Tulip

Zarios Ind.

Loctited Aircraft

Lody co. **** Lone Star Cement Co.

Lowenstein & Bone McDermal, 3. Ray Mallonnell Aircraft Merck

Meu Iron Corp. Binnesota Mining Mission Development Manato Chemical Co.

Montecatini

Monjoinery Ward

Motorola Inc.

National Biscuit Co.

Natual Cab Reg.

National Datry Prod.

Natimal Lead

Nätverk Steel Corp.

New York Central

Nona Mistés Lád., Nortolk & Western Ry, Noth: Amar, Påviation Northwest Airlines (Com.) Okna NaLY GRE oil Heyatots

e

Owen-India. Class Oxford · Paper Co. Packa Gak · Elec. Pal American Airways Piount Pictures!

Tare Devis Co.

Pinky Bowes Procter

25 Built, Kine & French

7

Socpay Mobil Oil

134 South Puerto Rico Sugar.

3314 Southern Co. The)

United Fruit

US. Fall "B

ts. Gypsum

US. Line Co.

US. Rubber

US, Smelting

Westinghouse Air Brake

12.04

56% Southern Natural Gas

U.S. Steel

B1

Sera Hallway (Com.

Wätner Bros.

41

Sperry Raild

Standard Brands

475

Westinghouse Electric

46

Standard Oll of Cal.

43

Western Union Tel. Co.

Standard Oil of Ind

West Va. Pulp & Paper

40

57%

30 Standard 011

N..

S3

Sterling Drug Co.

60%

1101

Stokely-Van Camp.

Stone & Websler

Yesterday's Closing

Winn-Dixie Stores

Woolworth (K. W.) Zenith Radio

COMMODITY PRICES

COTTON

NEW YORK Closing prices all in cents per Gb.:

Spot: 32.45: Oct: 30.85; Dec: 31.22; Mar: 31.77: May: 32.11; July: 32.32 Oct: 32.57 Dec: 3257: Mar: 32.90; May: 13.

NEW ORLEANS Closing prices all in cents

31 per lb.:

Spot: 29.75; Det: 2002; Dec: 31.18: Mar: 31.74: May: 32.09 July: 2.52; Oct: 32.52 Dec: 32.75: Mar: (32.35: 484 May: 32.82.

tres

LIVERPOOL

Closing prices at in pence

per lb.:

American Contract

Oct/Nov: 22.40:

Dec/Jan: 22-11; Mar/April 22.15; May/June: 2220.

Mixed Contrari

improve

London, Aug. 18.

| Good company news bounced industrials back from their two-day setback with stores dominating the picture.

Buying remained selective but gave leadery back some of the ground they lost on Tuesday.

Woolworth's free shares issue

and dividend forecast armi the bright outlooks from the dis..

Ullers company provided the stimulus and plus signs grend through the st.

Great Universal stores, United Drapery, Debenhams, Marks and Spencers all round buyers at Woolworth's paced the with

stores

six shillings and three pence jump to a new high of 73 shillings

Steels steamed ahead but cumme off the top later while engineer- Breweries ings notched gains. found favour With banks and

Tobaccos insurances.

Dunlop, Imperial Chemical Industries and bul Courtaulds were butter tobaccos rased.

easier.

were

Buying side-stepped the gilt- edged which tendex to drift.

Greads opened firm in the foreign bodds section but re- acted and ended lower, the 7 per cents ths off at 40 ster- ling and 6 per cents of 1928-2 lower at 351⁄2 sterling.

Dollar stocks were mixed with Bethlehem and U.S. steel each a fractions off.

Mining stools ambled through quiet day but a handful of golds improved. Coppers and tine stayed dull.

Oils ended unchanged after nardy movements.

Rubbers and teas were quiet, UFT.

Closing prices

Gutedred Bonds

British Transport 3%, 1978/86-- couts.

Consola WW%£44%.

Consols 4%-268%.

Conversion Loan 3 1081-

€19-13/15.

Funding Leon

1859/09-

Finding Stock 334, 1999/2004-

264-3/18.

1960/90---

Funding Loan

RETU

3d

Savings 3%. 1054/63 ROTT. Savings 3 1060/70-781

Savings 3% 1965/75-70-15/18.

Banka

Barclay's Bank "A" Ltd ord-625

Chartered Bank-568 d.

Hongkong-E

Lloyd's Bank "A"-87 21.

National & Grindlaya Back-30%. Westminster Bank "A"

Non-Cumulative 425 38.

Det/Dec-

Jan/Mar.

28-2044 2724

3d.

Apri/fay

General markete, eif bass, ports:

Afg.

271-2

Bept,

28-27410

S

28-281

Ertate crepe

thin Sept.

SI

thick Sept,

AMSTERDAM

Closing prices all in guilders

2.68 buyers

per kilogram, e.i.f. Aug.: No. 1 rubber No. 2 rubber No. 3 rubber No. 1 crep

2.67 buyers 2.65 buyers 3.06 buyers

UPL

METALS

NEW YORK Closing prices, all in cents per

lb.:

22.45:

Oct/Nov: 22.10; Dec/Jan: 513 Mar/April: 22.50: May/June: 22.35.

SUGAR

NEW YORK

UPI.

Lend Sept.

Nov.

Zinc Sept.

Nov.

Copper Sepl,

Nov

LONDON

25

Closing prices, all in sterling per long toa:

Spot 3-month

Closing prices all in cents per copper

Buyers Sellers

793

强

lb.:

Contract No. 4 (world)

Sept.

8027

Mar.

May

Spot 3-month 3,01 Lead 2nd hell Aug.

Μόν 3.14 3.19 Zinc 2nd half Alig

3.15

24524

Now,

SpotAS. Cuba)

Total Sales: 238 odetracta

271 July

Open Interest: 3.778 contracts.

Contract No. 6 (demesijo)

FOREIGN

સમ

Sept.

4.05

10% Nov.

15.3

Jar

8.00

40% Mar

3.88

EXCHANGE

*

BoutCAL. NY. ex-duty)

$5,90

74%

Tolod Sales: 593 contracts. Open interest: 102 contracts.

UPL.

NEW YORK

Closing rites: Canada

England offic

RUBBER

NEW YORK

Rex rubber futures closing prices, all in cents per ib:

Australia

20-days

New Zealand

South Africs

Others unchanged.

LONDON Closing rates: 30-30 New York

Montreal Amsterdam Brussels Copenhagen Frankfurt

May.

July

Osto

Closing prices

pence per Parts

Stockholm

Vienna

1.03-7/12 2.8120

2.8075

2,9385

2,2500

2.5020

2.8100

-281 1.71-16/12-2.72-1/10

140.72 19.38% -11.726-11.724

8020-80.80 200332~20.08

1216%,

Insurance Union Insurance Canson-£9-11/10.

Aircraft and Motors British Motor Corp. Ord-175 4140. Ford Motor Co-98 4%d.

Hawker Siddeley Group Ord-28

Rolls Royce Ltd Ord-42, Routes Ltd "A"-105 M.

Standard Triumph Intercational..

Breweries

Distillers Co-434 30.

South African Breweries-24 Bd. Buliding & Materials Asociated Portland Cement-723 44.

Goodiza Wall & Lend Ord 40s

Bd.

Coal, Steel & Engineering Babcock Wilcox Ltd-35 SC. United Steel-83 10330.

Vickers Ltd3ls Bd

Food and Tobacco

British American Tob. Co., Lḍdm 508 94

9d.

Imperial

Tobacco Co., Ltd-636

Miscellaneou2)

Boardman Marden. Ltd-15. British Oxygen Ltd. Ord-289 94. Canadian Pacific Ry-$44 De La Rue Co. Ord-11. Dunlop Rubber Co-296 (ed. Gilan Holding Ltd-28 444. Hongkong & China Gas-103. Imperial Chemical-84a 6d. International Nickel of Canada- $9014.

Lyons & Co-875 74. Unilever Lid-1578 d.

Paper

Bowater Paper Carp Ord-$1s ed. Radio and Electrical Associated Electrical49 d. English Electric Co-s General Electric-385 3d.

shipping

ord-235 90.

Steam Nay. Co. def PO'Steam Navigation def orde 01 4.

Stores

Great Universal Stores "A"-4ES. Marks & Spencer Ltd 111⁄2d. Woodworth F. W. & Co-733 cor.

Textiles

Coats JP Lid-82 94. Courtaulds Ltd 568 Tid.

Mines

Cons GoldBelds of South Africa-

Cons. Zise Corp. Ord-13 30.

De Been def-142

Bd.

Hong con Tin 10 950.

Petaling Tin-63 2.

Rand-12 06.

Southern Kinta Cons Li--244 Gd.`-

Union Corp--$16.

West Driefontein

34.

Goldmining-819

British Bornen Petroleum Syndi. caloid.

British Petroleum Co., Lid-492. Burmali-40 34.

Royal Dutch Petroleum-£12. Shell Transport & Trading-1328,

Reuter,

Unit trust

First HK Fund. Buyer Price, $0.98. Seller Price $1.00.

Exchange rates

Bustriess was done in the local market this unametal, exchange morning at the "tajlowing rates: “UH) dolar (per:11) spines Bierling notes (per #1) Australia inotes (per £li ... Indonesian rupiah iper 100), 14. -diam atosis (per 106)

flingabóta. Lätraits).

15.85