1960-10-14 — Page 2

F

Pagë Z

NOTICE

THE HONGKONG & YAUMATI FERRY CO., LTD.

Notice to Shareholders NOTICE 18 HEREBY GIVEN that the Board of Directors have resolved to make an offor to membors who on the 16th day of October, 1960, are the regis tored holders of the 504,000 Jasued shares of the Company of 262,000 unissued ordinary shares of the Company of the nominal value of $10 each at

par

(such

nominal value

being payable in full upon

THE CHINA MAIL, FRIDAY, OCTOBER 14, 1960.

WEEKLY HEPORT ON TÉE HONGKONG STOCK EXCHANGE

STOCKS REMAIN FIRM

The share market Banks & Unions

lead gains

in

application on or before the an active market

31at day of December, 1960)

sa that each member of the his approved Company or nominee shall be entitled to apply for and take up one unissued ordinary share fur every two of the said 504,000 IRAUed shares then hold by Auch member. The shares so offered shall, if accepted, Fractional to moderate gains fed. A feature of the day's trad- rank for dividends as from the 1st day of January, 1961 (but not so as to entitle thers to participate in any dividend declared in respect of the year ending at December. 1960) and in all other respects with the present issued ordinary shares of the Com pany.

firm tendency prevailed in the Hong- kong Stock market during the week. There was a

repetition of buoyant conditions which were present in the previous week.

over

in every shore, ing was the sharp rlec in the were recorded

which closed with the exception of Walson's price of Unions which had a fractional drop at with buyers at $103. The turn- approximately $27.10.

A feature of the market was $3,055,000,

Monday: There were demands the big gains registered by

Banks. for Wheelocks, Talkoos, Cements, Unions and Hongkong Unions increased by $8 to $104. Dairies and Texule shares and while Banks moved up by $40 at the close buyers were unsatis. fled at higher levels. Elsewhere to $1,230.

The the market held steady, turnover

approximately $3,376,000..

Tuesday: Generally buoyant the an conditions prevailed market today. There was a for Utilities. renewed demand

Wheelocks Dairy

Comparative figures show the following:

Utilities: Trams up by 50 centa at $384: Star Ferry increased

was

Farms,

Π broad front.

HK Bank Lombard Union Wheelock HK Wharf

HK Lands,

glance *

Dividend

Borus

Yield (%)

at

Up or

Bept. 15

Sept. 23

Bopt., 29

Olot. 6

1190

1180

1189

1190

Oct. 13 1230

Down

+-40

240

3.0

3Gb

884b

364b

3034

XT

+500

54

94

94b

Dab

26b

104

+8

¥340

7.80

1.70

7.75

7,80

+30

2150

230

2300

240*

232

2366

$8

3.3 34

HK Docks

103

103

104

106:

106.

steady

210.

9.4

Talkoo Dočka

59%

GO

0%

0334

64

$2.80

4.4

Provident

20.90

20.80

21

21.40

23

$1.20

HK Hotels

41

41.

401/

41D

4314

$2.75

5834

58x4

5814

6034

0%

$2.40

HK Realty

1.776

1.775

1.80

1.875

1.90

+125

13.750

HK Trams

31xd

914

314

31

3214

+500

$2.03

Star Ferry

108

183b

164b

· 14Gb

173

+"

$9,50

Yaumatis

180

179

180

ox alt 05

102

$8.50

22.80

22.00

21

23.10

234

+400

$1.25

28.10xd

27.90

28,10

28.20

26.60

+-400

51.70

384

34 xris

3496 xrts

304

304

+-500

31.25

53b

5514

56

37

+1

$4

23.00

29.40

2914

3014

30%

+250

$1.80

27.100

27.70#

27148

394b

301⁄4b

40

2114m 40

27.10

-400

$1.50

41

+1

$3.75

84xd

8.40%

ab

8.35b

8.45

+100

750

5.85%

5.706

14

13.600

5.50% 14

5

0.

++-250

13.80

*1410

+30%

100

8.25 13.60

8.25

8.50

8.70

++.4DG

60c

13.60

14

14

1436

590

$1.10

Ch Light

Electrics

BK Telephone

G. 1. Cement

Dairy Farin.

A. S. Watson Lane, Crawford

Int'l Investment Allled

11K & FE tre Textila Corp Nanyang

558

+7

938-3333-779999 979

Wall Street registers

New York, Oct. 13.

good gains

Heyden Newport Corp....**

273 Hiram Walker

Homestake, Mining Co. 001% Husamon Refrig.

Cements and Hotels with prices Stocks showed some fairly substantial gains to- day in the wake of improved business news and despite the lack of activity induced by a deciding world series baseball game. Among the industrials, steel, Baltimore & Ohio issues were particularly strong Bank of Nova Scoile

Beech Life Savers on word of an optimistic out- A. C. T. Ca. look stated by Roger Blough, But Telephone U.S. Steck chairman, and a Beneficial Finance

steel buyers were Bendix Aviation Corp. report that

Benguel Cons anticipating a possible boost in

Bethlehem Sisel year's Bocing Airplane the metal price by the end.

Volume of business was good. Yesterday's approximate turn- over of $5,230,000 beat the pre- No fractional. certificates|vious week's highest figure, shall be issued, but the shares representing fractions shall be allotted to a trustee to be nominated by the Directors at 113; Yaunatis moved

up by 57 at $102; China Lights advancing on upon trust for sale on such were up by 40 cents at $23 Hongkong Banks and Unions supported and markted strength. conditions as they consider Electrics gained 40 cents at were also well

$26.60; Telephones were up by displayed the and

net 50 cents at $364.

The turnover was approximately expedient

Hongkong Banks in- $4,230,000. Banks: proceeds of sale (less the

Wednesday: The market con- of

for each creased by $40 at $1,230. $10 amount

to show a up by tinued

good tone Insurances; Lombards share payable on acceptance) so certs at $37; Union up by during the half-day session with and substantial turnover. shall be distributed propor¦ $8 at $104.

up by shares in many sections register- those Shipping: Wheelocks tionately amongst

ed small gains. Hongkong Banks members who would other- 20 cents at $0.

Docks. Wharves and Godowns and Unions were a shade firmer. approximately Was wise be entitled to such frac Wharves rose by $4 at $236, Turnover Lions and in antisfaction Docks remained steady at $106: $3,600,000.

Talkoo Docks went un 50 cents thereof.

nt $04 Providents gained 80 The offer will be made by cents at $22.

Lands, Hotels and Buildings: nolice sent by post to each

specifying the Hongkong Hotels moved up by aharehoider

$2% at $432; Lands gained $1 number of shares to which to 402; Realtics increased by 12% ench shareholder is entitled cents at $1.90.

Industrials: 11 offer,

not such and accepted either on behalf of $1 to $57.

Cements gained moved Stores: Dairy Farms

"

Thursday: The market was very active during the day resulting in a turnover above average. Interest was widely spread with particular emphasis on Bonks, Lands. Hotels, Real- les, Textiles and Dairy Farms at Improved rates. At the close market rupeared the

buyers strengthen with evidence whose demands ap- The to be unsatised.

Was approximately

such member or his nominee, up by 25 cents at $30%; Watsons peared on or before the 81st day of went down by 40 cents at 327:10, turnover

be Lane Crawfords were up $1 at $5,290.000. December, 1960,

$41.

will

deemed to be declined and the Directors will dispose of the said unissued ordinary shares as they think ft.

NOTICE IS ALSO HEREBY

Cottons Textiles gained 40 cents at 38.70, Nanyang went up 50 cents at $14.

Investments: International in- vestments moved up by 10 cents $8.45, Allied Investments

at

GIVEN that an Extraordinary gained-25-cents-at-$6.-----...

General Meeting of the Com-į pany will be held at the Com- pany's Offices, Jordan Road Ferry Pler.

Kowloon, on

Market diary

Friday: The market was very active during the day in briste trading resulting in a large turn- over. Small gains were re- Saturday the 15th day of gistered by Talkoos. Providents, October, 1960, at 12.30 pm Lands, Telephones, Dairies and The for the purpose of consider. Amalgamated Rubbers.

Cotton section was well support- ing, and if thought fit, pass- ing the following Resolution an an Ordinary Resolution:- desirable to "That it is

the

of capitalise $2,620,000.00 being port

sum

of the undivided profits

of the Company standing

NOTICE

THE HONGKONG & YAUMATI FERRY CO., LTD. NOTICE is hereby given

at the credit of the Com- that an interim dividend of pany's Reserve Fund' and three dolines per share on accordingly that a special the Company's issued capital Capital Honus of $2,620,- has been declared in respect 000.00 be declared and of the year ending 31st that such bonus be ap- December, 1960. plied on behalf of the per- Dividend warrants will be

sons who on the 16th day

available for collection at the of October, 1960, were the holders of the 504,000 registered office of the Com- Issued shares of the Company; 144-148 Des Voeux pany in payment in full Road, Central, 1st floor, Hong Kong, or will be dealt with

or.

for 202,000 uniesued dinary shares credited as

In accordance with standing. after Instructions, on and

fully padd be accordingly 15th October, 1960. allotted to much. peronas

in the proportion of ene Notice is also given that such ordinary share for the share reglator of the every two of the said 604,- Company wilt be closed from 000 leated shares then Monday, 3rd October, to

such held by

persons Saturday, 15th October, 1960, respectively, and that the both days inclusive,

shares so altotted shall be

treated for all purposes na

an increase of the nomlaal

amount of the Capital of

By Order of the Board,

LAU CHAN KWOK,

Managing Director.

the Company held by each Hong Kong, 29th' Ang, 1960.

Buch shareholder and not

as income, and that such shares shall rank for divi-

dend as from the 1st day of January, 1951 (but not

eo ng to entitle them to

anatomi

amongat

proportionately“ those members who would otherwise be entitled to .such fractions and satisfaction thereof.”

in

participate in any dividend.

AND NOTICE IS ALSO declared in respect of the year ending Bist Deco GIVEN that the Share Regis- ber, 1900), and that no ter of the Company will be fractional certificates shall closed from Monday, the 3rd: be issued, but that shares to Saturday, the 15th October, representing fractions 1960, Both, daya inclusive. shall be allotted to a trus») 0

By Order of the Board of Directors,

tee to the nominated by

the Directors upon trust

for sale on such conditions. a.

as they consider expedient,

༞ ༣.

LAU CHAN KWOK,

LONDON

CLOSES

MIXED

to in

London, Oct. 13.

closed Industrials

today in cautious trad-

་

Borden (The) Co....

British Amer. Oll Caill. Packing Corp. Cana. Bx, of Comm. Cana, Brewers Canadian Paciic B. Campbell Soup Co.

Cnc (J. 1.) Co. Cat. Tractor Celanese Com.

U.S. Steci and Luckens! Burrought Ade Machine vaulted 2 points or more, Jones

Nallonni and and Laughlin, Youngstown well over a point,

Western Pacific and Southern Pacific gained around 11⁄2 in response to merger negotiations.

Electronics rai up gains as much as 5 in Texas Instruments, IBM and Zenith, Ford added well over 1 in a dull auto group and Dupoot cope as much as 2 In the chemicals,

Today's volume was 1,220,000 ahares of a total 1,195 shares traded, 596 were higher and

370 lower.

T. Financial Corp. Chrysler Motors Cluett Peabody Golgate Palmolive Colombian Carbon Co. Commercial Credit Corning Glass Works Consolidated Edison Consolidated Paper Consumers Gar Continental Can Continental Oil of Del.

"American Exchange volume Creole Fet

was 1.130,000 shares.

Crane Co.

Crown Zellertiach

Bonds volume amounted

to

Cuban Amer, Suger

$4,480,000.

Closing prices.

AURUMI PWT, & Paper

Alden Inc. Aty.

Algoma Steal Corp.

Allied Chemicals

Abja Chalmers .. Am. Brake Shoe American Airline. Am. Cable Radio Corp. American Cyanamid Co, Amer. & Forgn. Power Am. Gas & Electric Am. Home Prod.

mixed

American Metal

Am. Natural Gas

American Smelling

American Tel & Tel and American Tob

Ampex

42% Idaho Power

45

Imperia O...

46 Imperial Tobacco

Ingersoll-Rand

53% interchemical Corp.

1 Inc Budness Machines 492' Harvester ....

International Nicitel

it International Paper

311% Int'l Tel & Tel

John Manville, Co, 33/2 Kalver Industries

Kane C, Power &

Kennecolt Copper Kimberly Clark

29

83

71

211

945 Lition Ind.

201% Lockleed Aircraft

& Myers Tou. Co.

Loews Incorp,

20

Sears, Roebuck & Co.

'ol Co

Safoway Stores

Saint Reg. Paper

Scheplay Inac.

Siegler Corp.

1242

Bincir Ol"

Smith. Kline & French

Sorony Mobil Ord

80315 South Puerto Rico Signs

Southern Co. (The)

Bohern Natural Gas

Southern Pacific Co

Blandant Brands Standard Oll of Cal Standard Oil of Ind Standard Oil of NJ. Steel Co. of Canada Sleep Book

Blering. Drug. Co.

HONGKONG STOCK EXCHANGE

Business done at the Hong- korig Stock

morzilnat amounted

proximately $9,940,000, Noon quotations and the morningʻa transmetics

Mujero Belláts

| BRC) Barát, 1900-2000 -

170

Lombard

When co Waterboat 107.50

8 8.04 -3000

10 Deck, 100 107 -400

Provident 300

MX Hotel.

1300

700 100

1000 D00

1600 4

10005

HK Land.

60%

1800

300

100

Yaumali Fetry

Ex... All

103

104

**1.70 1500

HK Tel.

Ita

1005 301458 690

20 20.36"

QL Coment 6015 8715

Dairy Farm

Ex. Div.

Watron

Textile

A. Invest.

::

HI

$

300%

27 27

9.90 0.ta 1000

6.67

1:200

3000 8.85.

** 1000 et 28.00

Nanyang.. 14.00 14.70 2000

2000 14,70

3000

40%

Southern Railway (Com.) Sperry Rand

A. Rubber

XD

R. Trust

8.00

7.80

3 2400 @ 7,80

1000

2301

Blokey Van Camp.

Slong. Webster"

Btudiobaker Packard Corp.

Taikoo Dock

CA 0424

Sunshine Mining

109%

Swift & Co.

Texas Co

Toxicón Inc.

8

water Oil

B21

04P Minnesota Mining

ST

Time Ing.

30 Mission Development

201%

144 Molsons BrawerY

Union Carbide

35

63

Monenta Chemical Co. Montecatini

Union Oil of CAL

3714

Montgomery Ward

45

3211 Lone Star Cement Co.

Lorifard P. .................. Lowenstein & Son,

47 SP

50% MaDonnell Alteract 682 Merck

160% Membi Iron Corp.

744

17

મ

10000

Delaware & Hudson Co.

Diamond Alkall

Distillers-Seagromno.

Dominion Stores

431%

Motorola Inc.

Nations Biscuit Co. National Cash Reg. "A" 19 National Lead

2111

National Steel Corp 972 New York Custral 2015

Norenda-Minos-Lid- Norfolk & Western Hy. North Amer. Aviation

74% Northwest Airlines (Com.)

la Mataleon

Otis Elevatore

Owen-inc-in Glas

Oxford Paper Co.

Pan American Airways

Paramount Pictures

Parke Davis Co, Penny J. C. Co.

30% Pana, Salt Co.

южет

Procter & Gambie Co.

Pittsburgh Plate GlassA

Radio Corporation Radio Corp. Pref.

Raytheon

Republic Steel

Reynome Meza

Reynolds Tobacco

Royal Bank of Canada Royal Dutch

331 Akeens Miz.

Twentieth Century Fox Film

Union, Pacific hallway

United Aircraft

SUMING Fruit

003

United Gee Corp.

U.S. Foll "nor U.S. Gypsum

24) U.B. Line Co.

US. Tubber

Sa. Einelting P4U.S. Steel 1 F.C. FF

Wamer Bros. Westinghouse Air Brake Westinghouse Electric Western Union Tel, Co. West Va. Pulp & Paper Winn-Dixie Store Woolworth (K. W.) Zenith Radio

Humphreya 24.30 24.00

Realty

Star Ferry.

1.30 1,25 3000

174

HK Gas 15.10 16.40 5200

40% HK & TE

v.

371 | Gitman

4011

14.30 14.70

2700 10.10

6.15 2.179 10000 @ 18:15

Underwriters 11.30 Int'l inv...

Macko Elec. 11.20 L... Craw

-754-1-Entertain.--KI 23

Vibro

... 16,50

HK UNIT FUND

·Buyer Price: $0.99. Seller Price: $1.05.

37%

401

317

Douglas Alteraft Dow Chemicot...

29

49

Dupont de Nemours

184

Oklahoma Nat Gue

2414

Eastern Air Line_....

236

35

El Paso Natural Gas

347%

19

Funity Finance Corp. Ferro Colp...

32

437%

First Nat. City Bank

07

491

Ford Motor ...

1 Georgia Pecine 539 General Dynamics

General Electrie

183-%

21% GERET Foods

General Motors

Gen. Pub, Bell.

DEAL

Gen. Tel. & Elec,

1394 | Cen. Tyre & Rubber

Oetty "¿N"

Goodrich (B. P. Co.

4014 Goodyear Tyre filiway

621

22% Gliditys Co.

424

324 Great Northern

28

Grumman Aircraft

Atlas Cona. Mning

Gulf Oll

11

-Hammond Organ

ing, but giltedged securi-Am. Sugar Re ties met demand extended their advance.

Anaconda Copper Armed Steel Blue-chip issues moved nar- rowly. Motor stocks were dull Armour on productional cutbacks. Steels Ashesins Corp.

despite good output Baldwin-Lima-llars. eased figures.

Gold slocks drifted lower, coppers and tins finished dull. Foreign bonds were mostly neglected except for some sell- Ing in Greek lines. Dollar stocks were mixed-UPI.

Closing prices

Britist! Ovvernment, Seedrities 25% Consolidated 15%. 35% Conversion=£61. 3. Savings 1955/65.11/10. J Savings 1060/70-CHAR 3, Baving 1963/75-71-P/20,

Banke & Insurance Barclays5# 39. Cartered Bank-32 Hongkong

Lloyds Bankis.

Union Introceded.

Olt

Burmah Oil-100.56. Royal Dutch-1244.

Steel Engineering Babcock & Wilcox Ord-358, United Sleek-811 02. Vickers Ord -31%

Industrials

Assoc. Elec, Indvatfies-438 90, Almos, Portland. Cement-70% o Boardnian, Merden Ord-da Dd. Britis-Amer. Tob. Ord-00 British Motor Ordbe, ed. Coetry (J. & P.) Ord-bos id. Courtaulds Ord-604,

SAT

201

461%

12

2014

Pullman

COMMODITY PRICES

SUGAR

NEW YOLK Closing prices,

ali in cents

Contract No. 4 (world)

Der lb.

Oct. Jerry Mag.

May

Spot-1.8, Cuba)

July

Total Sale! 8 contracts. Open, interest; 2,186, contracta,

Contract No. 6 (domestic)

100,

Nov

De La Rue Ordunda 34. Thanlop Rubber Ord~ble. Misc. Mus. Industries-40s, Ford Motor Drd-914, 1d. General Electric OrdSON_34. Ollman (Roshen ongad, Orept, Universal Ordaine Hawker Siddeley Ora-ofa AC,“ Imperja). Chymica) Ord=718. Imperial Tibačen Orde009 Marks & Spencer "A" On-019 33, Rolls-Royce--45% %4._ giandard-Triumph, 1. falimar Orde Woolworth cho đi tới

Miss

De Beets Dut-1479 03. Union Corporations på.

Bowdsker Drage · kdo.

anadian Pecilly Orde

Hongkong a Chin Ciné+) P. Blewm Tag/ Di-sadi fə

Exchange rates

COTTON

NEW YORK

Closing prices all in cents per 1b.:

Spot: 22.15; Dea: 3131; Mar: 31.61; May: 31.10; July: 2336: Oct: 2213 Dec. 22.81 Mar: 32.90; May: 33.01; July: 12.85

lb.:

NEW ORLEANS

Closing prices all in cents per

Spot: 29.15; Dec: 31.30; Mar 31.77; May: 32.15: July: 3256; Out: 32.80; Deo: 300; Mar: 3206 May: 32 July: 32.10.

0,00

6.50

4.93

6.00

ib.:

Spht-(CA, NY, ex-duty)... Total Bales: 273 nontracts. - Open Seiterent: 331 contracts—UPL

METALS

* NEW YORK Closing prices, all in cents por

Zinka

Oct.

Ook

10.03

LIVERPOOL Closing prices all ia pence par,

American ContERDE:

Out: 2BU, Deới, mind;" Miri da.30; May: 23.40; July: 23.40.

Mixed Contenot

Det: 2338) Deat 10 100 23001 May: 25,759 July).

REBBEK

- NEW YORK'} Rox rubber futures closing prices, all in cents per lb.i iyi

Nov: 54.30; Zan: 32.90; Mar: 22.20 May: 3200 July: $3; Bepi: 31.80.

"BINGAPORE Closing prices ail is "Straits Bilecik Bekers | cents per 19. fo.b. Malayan

MELONDON

Closing price.. nli in sterling,

Buyitions was done in this fogat i Tiru społ

*kohaugensarket this a-month {mormpa at the following retent Copper

Mariaging Director.fering four (per 17SAUN, JADI ZAIN·ISE

'Australen „notes (per/2100, 1945

and the net, proseeds of Hong Kong, 29th Aug, 190 mm para komersano Lead Dei frak

All Editributed

Mingeporn, (strate) usin

2017 borts:

No. 1 Oct, ani.

26

) No. 1 NOT

LONDON

44

Closing prices all in pence per

lb.:

No. 1 Rm spot ............

Bettlement house termi. Cold Dec.

2016-20

273-224

Jan/Mar.

Apr/June July/Sept.

27-271 27-27 General marketa, c.lf, basis, portal Oct.

New

30 Extate crept thin Oct. ........

30% thick Od. AMSTERDAM Closing prices all gufidera per kilogram, c.l.f."Oct: No. 1 rubber No. 9 rubber No. 3 rubber No. 1 crepe

9.72 buyers

buyen

1.70 buyers

FOREIGN EXCHANGE

* Closing: rintee:

Canada

New Zeeland

| Bouth Afrion,

·Gthere uncharted.

LONDON

Closing cale New York

THE BEST JUDGE OF SECURITY

is a Bank Depositor

with

LOMBARD BANKING

at

6%

Welte today to the Geiseral Manager for your copy of **Bank Deposit Account” Booklet No.. A0.7470

LOMBARD BANKING

BANKERS

PARK LANE LONDON W. PAZ.