1960-11-11 — Page 2

HONGKONG STOCK EXCHANGE

by

Dus Own Correspondent

at the Hong- Business done kung Stock Exchtage this mom- ing amounted to approximately Noun $2,570,000.

quiolations

and the morning's transselions:

палицы

Buyers Reilers

11 Bak..

1540 1350

41.36

124

Lombard

Union XD.

Waterbuat Wheelock

120

Hair 201315

102 135

500 129

27 1000 27 24.30

5.00 1000 11 2,00 11.00

TIM Dock

200

100

21% 21,70

J'ruvident

1 Hotel

HK Land

Yetisati

In

::

Buแบส

Trom

C. Light

Itts

1500 8,00

1000

4090.95

110008.0

1000 de 8,90

10000 $85

000107

100 107 500 4 21,70

2000 * 21,20

500 21.60

424 425 1800 4214

1000 860

300 #001 -143006

100015 1100 or 06 100 00

100 6 32

in if 24.40

600 a 23.70 9500 24 15K 24.20 4000 24,50 4000 6424,43 4000 $430

7000 24.20

2000 24.20 200 24.30 200 24.30

THE CHINA MAIL, FRIDAY, NOVEMBER 11, 1960.

WEEKLY REPORT ON THE

HONGKONG STOCK EXCHANGE

London

A FAVOURABLE TREND stocks

U.S. election

had little effect

The result of the American presidential

elections did little to change the upward trend of the Hongkong stock market during the week.

There were increases in the done and volume of business prices of moɛt stocks,

The market in expected to colt- tinue steady unfil America's President-elect Mr. John Ken nedy takes over office in early January, 1981,

have

Many stock brokers taken bis eletion with optimism. They believe that his paletes will have a favourable effect Hongkong's economy is a whole,

hesitant Buyers were very and there Was e trading soon after the opening of bui- ness yesterday morning the 21328.90 day after the Amerlens election

11K Plec.

21.70

20 1140 2320

HRT.

Coment

Dairy

30 30

994129,79

100 21.tu 500 i 2000O

2160 38

RIS

19.70

32 19.60

43

50 01

100 o 50ly

500 12

800

500 M32

Watson

Textile

30 31 1000 30

100

300 + 31

*

005 2000

437 M 0.90

10000 9.05

Nanyang ...

15.20 15 50

Anal. Rub.

sher Trust X.D.g Talkoo Dock

Resity

1 Ga...

Int. J

1.K. & PE.

sent. Guman..

imphreyn

Kura

LIK.10

result. Bu AS the day prʊ-

gressed, business quickly picked

up and closed arm,

up by 50 cents at $28.10; Tele- phones gained 25 cents at $30%.

Wheelocks gained Shipping: 05 cents at $8.75.

Decks, Wharves and Godjowns: quoted Hongkong Wharf was nominally at $244, n rise of IO buyer price; over last week's Docks gained $2 at $100: Talkco Docks lost 50 cents at $64; Pro- vidents were steady at $21.63;

Lands. Hotels and Buildings Hongkung Hotels lost 25 cents at 54% Leads rose by $2.50 at $66; Realties gained 2.5 cents

at $1.90.

Industrials: Cements increased by $1 at $56.

Stores: Dairy Farms gained 75

HK Bank Lombard

Unlon Wheelock HK Wharf

Nov, 10 3340

41%

:

Down

The share market

at

a glance ★

Tip or

Dividend

Okl. 13

Oct. 20

Oct. 27

Nov. 3

& Bonus

Yield (%)

1230

1290

2310

1315

+$25

B4%

3,0

37

3740

39

4146

steady

$2

籮

104

123

125

125

135

nieadly

$3.60

2.5

R

7.00

7.65

8.10

8.75

+ Güc

400

7

2366

242

2326

2316

24419

t

+$10

$B

1.2

HK Docks

100

108

108

106b

108

++$2

sto

0.2

Talkos Docks

64

€33%

0214

0416

64

50c

$2.80

4.4

*

Provident

22

21.80

2114

21.00

21.00

steady

$1.20

5.0

HK Hotels

4314

421⁄4

4134

42

424

-28c

$2.76

0.2

HK Lands

62

62

-4114

0314

60

+12.50

$2.40

1.00

1.90

1.875

1.875

1,00

42.50

13,760

HK TramN

32/

3134

3194

3144

324

+50c

$2.05

Star Ferry

174

177

173

1726

173

+$1

$5.60

Yaumatis

102

102

102

102

103

$8,50

Ch Light

2314

23.60

23.40

24.20

24.90

+700

$1.10

Electrics

28.60

28.00

28.40

28.00

29.10

+50c

$1.70

IK Telephone

3614

36

354

36

301

4-250

$1.75

-

G. I. Cement

67

50

55

5544

5634

$1

$4

30:

314

31%

3105

3254

+750

$1.85

27.10

27.80

29

3014

31

+750

$1,50

41

41

41

41

+250

$2.75

6.45

8.00

A.706

8%

8.85

+360

75c

8,0

辉

6,208

5.800

0,15%

8.90

-250

$1

14.40

14.10

14

14.70

1414

-200

90c

8,70

8.85

8

8.85

8.95

+100

80c

- 14.70

144

'15

+-50%

$1.10

HK Really

Dairy Farm

A. B. Watson

Lane, Crawford

Int'l Investment Alfled

HK & FE Iny

Textile Corp

Nanyang

142

142

40-4b

Wall Street shows big gains

New York, Nov. 10.

cents at $122: A. S. Watsons Stocks rallied sharply in the closing minutes today

went up by 75 cents at 531: Lane Rained 25 cents et Crawfords

$41.

Investments: Internationals geined 35 cents at $8.85: Allied declined 20 cents at $144.

A feature of business was the

increase

Banks sustained

$1315 lant Cottons; Textiles gained 10 which leapt from Thursday in $1,340 yesterday cents at $8.95; Nanyang gained

50 cents at $15. (closing "gures).

turnoveri The *tpproximate for the week from last Friday to yesterday

$20,210.000 was with $10.300.000 for compared the same period of the previous Wheelocks-continued to la 15.40

A total of 81.450 big attraction, 15.30 (5) shores at $8.55, $8.00, $1.65, $8.70 and $8.75 were transacted yesterday,

100 2 1.05

10:00 ur 13 20 1000 15.30 week.

3000

400

1 BUTO -3.20

7.43 1.60 03

1.83 1915 20500

14.00

10001

1.875

13000

1.97

15 1000

100

14.20 15

1300

14.00

$414,20

2.13 2.20

24.10

Star Ferry 172

Rope

Múcao Elec.

Lo, Craw 401

174

500 + 1460 10302,20 1000 20.20

Exchange rates

Business

Lands showed a good increase at S60 (up to $2.50).

Watsons and. Lights also con,

Market diary Friday: The market kent farm the day and with throughout

the exception of China Lights and Wheelocks which improved to $24.50 and $8% respectively, all others remained practically The approximate unchanged.

Divi- turnover was $3,015,000. finued to increase.

dend and bonus announcements The Board of Directors of

the

Wheelock, week! China Light and

during Power "Com- pany Limited announce today Marden and Company 60 centi

per shore. that at the next annual genera) meeting they will recommend a final dividend of 60 cents per shore, making a total of $1.10 ended per share for the year September 30, 1860,

Comparative closing show the following

Banks

Agures

Hongkong Bank in- creased by $251 $1,340.

Insurance Unians remained

was done in the local steady at 3125; Lombards were

uantielal exchange market this steady at $411⁄2.

muming at the following rules:-

US. dollar (per #1)

Sterling notes (per £1) Australian notes per £1)

Siam ticals (per 100) Singapore Straits)

Indonesian rupiak per 100

60

Monday: The market opened the week quite briskly. Interest

centred being chiefly

The Wheelocks and Lights. former were done at $8,40 anel

this figure. closed at

while useful gains Lights registered

on some unconlrmed reports of Some late profit- future plans. taking caused a slight drop at the end of the day's trading, The but the net gain was $1. market rem:ined strong until cents at $32: Star Ferries rose by $1 at $173: Yaumatis gained the close and the day's turn- was approximately $1 $103: Lights gance 70ver 1.69 cents at $24.90: Electrics moved $3.600.000,

6.65

15.0

gained Utila Trams

NOTICE

CHINA LIGHT & POWER CO., LTD.

NOTICE TO SHAREHOLDERS

The following is an extract from a letter dated 20th January, 1960, from the Acting Colonial Secretary to the Company:----

11

I am directed to refer to the Report of the Electricity Supply Companies Commission which has been published to-day.

П

Tuesday: The market opened seleclive but strong. Lands and Banks were in demand and both rezistered gains in response. Wheelocks advanced still further Utilities after yesterday's rise. were popular but failed to es- tablish

trend. particular buyers and sellers being roughly balanced. Later in the day In- widely terest became more spread and remained very strong The approxi- up to the close. male turnover was $5,545,000.

Wednesday: The market was

particularly brisk in this half day's trading. The predominance of buyers over sellers for Banks sent the price up to $1.346. up further while Taikoos

steady. were

the

"2. I am to inform you that, should Government Wheelocks went introduce legislation to control the operations of, Lands increased still further un or acquire the assets of your Company in brisk demand, and both consequence of the Report, there would be included Electric companies were irregu- in such legislation provisions relating to the lar over a very small range in price. Among the stores. Dairy distribution of dividenda and safeguarding of assets Farms were the only shares, to during the period from the date of publication of attract attention. the Report to the date of imposition of control, or generally closed very strong in- of acquisition of the undertaking operated by your dicating that the recent Trend Company.

"3. As regards dividend distribution, I am to inform you that the legislation would provide:

The market

continues. The Lurnover was tpproximately $3,300,000.

Thursday: The market open- ed hesitantly which might be few but the expected as very

tho morning session

to stretch a mild gain into a substantial in-

crease.

Boldwin-ma-Ham,

Butimore & Ohio

The lape lagged at least two | Atlas Cons. Mining minutes behind transactions as the entho list surged forward what brokers characterised. na "Kennerly en masse under market."

they

A

nk nt Mentrea Bank of Nova Scotia Beech Life Savers.. B.C. T. Ch

accounting for Apparently

buying wave Fast minute were reports of substantial gov-Bethlehem Steel "för"desthue | Böcing Airplane ernment spending unticipated in the new Kennedy Burden (The) C...

Burrouglu Add Machine British Amer. Ou caninistration and other eceno- male etunges.

Contributing to the eighth consecutive stock market gain was Dupont up around 7: Texus Instruments 7; IBM 0: Alcon 2; International. Youngstown 3: Paper 2 Heinz 4; Universal Match 3 General Tyre 3: Haves over 1: AMP 2; Piper 23

2. and qver General Electric American Motors round point.

and a few glis Gold shares appeared the only losers.

Today's volume was 4,030,000 shares.

Continental Can

18.333333333333

7.3

late buying wave

Husamon Refrig.

Imperial O

Imperial Tobacco

Ingersoll-Rand

Sheft Ol Co. Safeway Stores Saint Leg Paper

Schenley Inc.

Scok Paper

Siegler Corp.

Sinclair Dif

3344 Smith, Kilne & French

Pacille Cu

Southern Railway

Sperry Rand

Studebaker-Packard Corp.

steady

London, Nov. 10. The stock market closed to- day on October's record steel

and production

Wall Street's good over-

night showing.

Steels and motors led a fractionally higher Industrial

list.

Gold mining stocks Nnished with declines outnumbering guins. Coppers were higher and Dos 8131

rote's

Olls improved. Rubber issues were steady, teas dull,

Gift-edged fecuritien met demand on lower bank expectations following the cul In the Gerana discount rate.

Chinese bonds advanced ap- parently en hopes of an im- provement in U.S.-Chimpse re- lations. Dollar stocks higher.-UPI,

Closing prices

were

British Government Seruelties 21%, Consolidated-24BY, a Conversion

60-7/10..

3. Savings 1958/03–200.

Bayings 1000/707834 3. Savings 1995/75-C71-15/10.

Banks & Insurance

Barclays Ord-08, 3d. Chartered Bank-48 d. Hongkong Bank-£4. Lloyds Bank-75%

Lombard Banking Orde. Union Insurance—£7-20/34,

DU Burmah 01-79% Bd. Royal Dutch-C12-5/13,

steels Engineering Babcock & Wilnox Ord34» <ljd. United Steel-66 34 Vickers Ord- 734.

Industrials

Asoc. Elec, Industries43x 6d. Amor, Portland Cement-sá3 14. Boardman, Marden Ord--5, 150. British Motor_Ord-16__1015α, Costs

Court 4 P.) O.

Ord-408 3d.

De La Rue Ard-Gas [], Dunlop Rubber Ond--228 4150. Elee. & Mus Industries ANGEL Ford Motor Ord-30o 4.

_Dramga_cd. Gilman-Holdings Ju Great UnivATESÍ

- Hawker Siddeley Ord-30g Od.

Imperia: Chemical Ord-71 d.

Ord-103: Marks&Spencer "A"

17

1219

20

Kaho Power

301%

30440

1214

#7

40

3014

2712

Inland Steel Co:

002

Dell Telephone Beneficial Finance Beux. Aion Corp. Benguet Gens.

Interchierical Corp.

ABRA

Int Business Machiien

54053

Sucony Mobil Oil

381

Int Harvester

43

GUS

Bal Puerto Rico Suga?

TER

International Nickel

Southern Co. (The)

4151

International Paper

1001

Southem Natural Ga

2014

--301

Inti Tel & ṛich w

Johns-Manville Co.

Kuiser Industries

Kansas C. Pawer & Light

20

55

British Columbia ice.

56%

Kennecutt Copper

31

Standard Oil of Cal Standard Oil of Ind.

4034

Standard Ol of NJ.

Coat. Packing Corp, Campbell Soup Co.

3112

Kimberly Clark ..............

73%

Liggett & Myers Tob. Co.

404 Steel Co. of Canada

061%

Bi

82 Steep Rack

Canadian Pacine R. Case 45 L) Co dar. Traster Celanese Corp CT. Financial Corp. Chase Manhat. Banic Chrysler Motor Cut Peabody

221

Lily Tulip

Litton Ind.

Sterling Drug Co.

01

Stakely-Van "Camp.

11

Loetheed Aircraft

274

| Stone & Webster

531

Loews Incorp,

221

60%

Lone Star Cement Co.

3515

Sunshine Mining

Lorillard P .....

38

Swift & Co.

57:20

Lowenstein di Seas.

10

Texne Co.

McDermott J. Muy

20% Textron Ine.

gate-Palma Ive Co.

Colombian Cerbon Co

4011

McDonnell Alterati Merek

Thioxol Chein.

AT

Tide Water Oil

2

Commercial Credit

CO

Mesabi fron Corp.

ar

The Int

Corning Glass Works Cenaclidad Edison Consoleated Paper Ceruum Gos

171

Minnesota Mining

GP

Traders Finance

6915

Misalon Developriient

2012

Tavelers ins.

Warranta

40

Moisons Brewery

༡༣༥༤

Monsanto Chemical Co.

433+

142%

*

Montecalini

Centinental Of of Del. Cremi Pet

1415

Montgomery Ward

2416

Union Ol of

Union Carbide

Twentieth Century Fox Film

Cal

Motorola Ine.

744

30

| National Biscui Co.

INS

40

Crown Zellerbach

National Cash Reg. "A"

47

Ciban Amer. Sugar Delaware & Hudson Co.

amori Alkali Distillers-Seagrains

Nations Dairy Porn.

81%%%

National Levi

00

U.S. Gypsum

2214

National Steel Corp.

TH

New York Centro!

In

U.9, Rubber

Noranda Mines Lid,

41

Nurfolk & Western Rty.

UR. Steel

US Sineking

139

North Amer. Aviation

46

U.S. Steel

783%

Northwest Airlines (Com.)

Dupont de Nemours

108

Eastern Air Line

2214

Oklahama Nat. Gas

Olin Mathicran

ADT

$374

Erstman Kodak

Otly Elevators

484%

El Paso Natural Gaŋ

271

12

Fatally Finance Corp.

3116

Owen Illinots.Gloss

GI

Perre Corp.

43

BA

First Nat. City

25

Ford Motor

Georgia Pacie

19

General Dynamics

337

American Cable & Radio Corp.

款

по

American Oyanamid Co.....

-43

Foods

724

44

Procter & Gamble Co.

Cuh, Pub ưu

23

Pittsburgh Pinte Clora

17313

Gen. Tel. & Elec.

271

Portland Cen. Elec.

7214

Gen, Tyre & Rubber

8415

Publicker Industries

Gely on

25

Pullman

Pure OU

724 Glidden Co.

Goodrich (3. F.) Co.

42

20%

Goodyear Tyre

39

Great Northern Railway

43

Guță

Grumman Alteraft

33

Gulf Oil ............

273%

77

Hammond Organ

40

CA

Beyden Newport Corp.

2011

1545 Hiram Wolker ...............

259) Homestako Mining Co.

4719

Seare. Roebuck & Co.

Of tolul 1,231 shares traded 853 were higher and 203 lower. American Exchange votume was 980,000 shares.

Bonds $8.470,000,

voluing amounted to

Closing prices

Antibi Par, & Paper Alden Inc. Acy. Algoma Steel Corp. Allled Cheinteain Alled Mol Inc. Allis Chalmers An. Brake Shoe.. American Alline

Amer, & Foren. Power Am. Cat & Electric. Am. Home Prod. Aai Mach, & F'dry American Metal Am. Natural Con American Sinelung A. Sugar Ref. Aneticam Tel, & Tel. American Tab. Ampex Auconda Cepper Armeo Steck Armour Arberton Corp.

Crane Co...

Duinien Sicres Douglas Aircraft Dow Chemical

General Electric

General

General Motors

PAGO

Oxford Paper Co...

Pan American Airways

774 Paramount Pictures

Parke Davin Co

Penny 3. C. Ch

Penn. Sall Co.

Palp Morris

054 Pitney Bower

311 Union Pacific Railway

Aircraft

ted Frutt

United Cas Corp.

U.S. Foil "B"

U.S., Le Co.

Warner Bros.

PC. PF'

Westinghouse Air Brake

Westinghouse Electri Western Union Tet, Co. West Va. Tulp & Paper 6793 Winn-Dixie Stores

261

Woolworth (K

Zenith Radia

Radio Corporation Radio Corp. Pref.

Raytheon

Republie Steel,

Reynolds Metal

Reynolds Tounced

Royal Rank of Conada Royal Dutch

Rheem MR.

COMMODITY PRICES

SUGAR

NEW YORK

Cosing prices, all in cents per

"(u) that if the rate of dividend for the account-experts whose prognostications

ing year 1959/60 or any succeeding account-are only offered belatedly after lb.:

the event really knew what the ing year has been increased without the effect of the American elections Authority of the Governor beyond the latest will be. Almond every rate adopted or publicly forecast prior to 10th during Apr, 1969, such excess would be recoverable wavered in both directions un- from all persons who were Directors of your able to establish any trend, but without any significant change: Company at the time of the passing of the Confidence returned in the after- predominated Resolution of Directors authorising or recom- noon and gains mending such distribution?""

which reflected the strong anti alendy undertone of the market

Shareholders will see that without authority from in Hongkong. The approximate the Governor the Company's dividend cannot be higher turnover was 64 million. than that declared and paid in respect of the year 1957/58. Two applications were made for such

authority, the second one on 29th October, 1950. Both Unemployment

wore refused.

Accordingly notice is hereby given that the Directors of the China Light & Power Co., Ltd. will, be obliged to recommend at the Company's next Annual General Meeting a Final Dividend of 60 cents per share making a total of 41.10 per share for the year ended 80th September, 1980.

By Order of the Board of Directors, A. A. M. Onslow, Secretary & Chief Accountant, Hong Kong, 11th November, 1960.

rises in U.S."

Washington, 'Nov. 19. Unemployment in the United increased by 101,000 October

stote

to 3,579,000

LONDON

Mixed Contract

Closing prices all in pence per

Doc.

Mar.

B.:

May

Ho. Ras spot

2014-2011

July

Settlement house termi

Oct.

Jan/Mar.

2014-2011

Aprume

July/Sept.

Nov/Dec.

2015-2011

Geners! markets, a... basis, parta: Nov,

207-2011

2016-201

Estato crepe thin Dec... 2011-2013 thick Dee. 207-2014 AMSTERDAM

Closing prices all in guilders

an

Contrnet No. 4 (world)

Mar

132 3.11

3.12

July

3.40

Pent.

3.12

Nov.

340

Spot-(PAS. Cuba),

Total Sales; 28 contracte,

No. 1 rubber

Onen, interset: 1,913 contracts,

No, rubber

Contract No. 6 (domestic)

No. 3 rubber

Jon.

8.03

No. 1 crepe

Mar

6.95

Spot (CA. NY, ex-duty).

0,00

Total Bale; totus.

Oper interest: 163 contracts,—-—-UPI,

RUBBER

per kilogram, cit. Nov:

252 buyers

FOREIGN EXCHANGE

NEW YORK Closing rates:

2.31 buyerr Conada

243 buyers | Bigland official 2.70 buyer

-UPI

1

Aurkenkin

1.02 11/16

2.8100

2.6110

30-daya

19-days

2,000

New Zealauž

2.8303

28200

.020-130

1405

South Africa

Deletion

Berik

COTTON

NEW ORLEANS

Closing prices all in cents per Dwitzerland

NEW YORK

1b.:

Rex

rubber futures priers, all in cents per lb.:

Nav: 32; Jan; 31.10) Mar: 31: Moy: .20; July 30.70: Sept: 30.08.

BINGAPORE

closing

Hpni

Day.

Mar.

May

July

Oct

Closing prices all in Straita

Vee.

Mar

May

July

テレコキューポイズ

1b.:

American Contract

Dec.

Mar

in spite of normal tendency for cents per lb. fo.b, Malayon It to decline in mutuan,

ports; Some Democratic leaders said No. 1 Nov. Kuring the Tast days of the clee No. 1 Dec. No. Nov. Ton campaign that the pavert)= | No. 3 Nov. ment was deliberately holding No. 3 Nov.. back the tires because they No. Nov. "Wond tamin Vice-President Spot rubber anheled

Nixon's chanoes.—Beiber,

France

W. Germany

[follarit

Norway

Sweden

Irán

Pakatu

Hong

LONDON Cloping rates: New York {Montreal

Amsterd

Coproltaren Frandefurt

3210/10-281 41/10 2,741-2.7454

10,634-10,03

120.96-140.00

20.20-03.20

LIVERPOOL

Closing prices all in pence per bon

11.744-14741

........ 21.099-20.04%

14835-14.033

Mary

July

Maria Stockholm

£76731"-17673

1412

-UPI.

Holls-Royces

Standard Triumph 7, 1016. Unilever Ord-50 Gd. Woolworth Ord-61 ed.

Minor

De Beers Def-16 34. Petaling Tir-75 1344. Bowmaker On-25 M Canadian Pacife Ord-13334. Hongkong & China Galfs,

&. Steam Nav. Del. d.

Heuter.

Agreed merchant

rates

West German Deutschemacks, maximum selling 72-13/18.

Unit trust

First Hongkong Fund: Buyer Price: $1.01. Seller. Price: $1.07.

MOREandMORE

PEOPLE ARE OPENING

5%

BANK

DEPOSIT ACCOUNTS

with

LOMBARD BANKING

✔SAFETY NO Cepital Depreciation

√s

Your funds remain at your disposal.

INTEREST is calculated on a Deally Deals

*---l.a. your money is earning Interest from the day you deposti mafil the shy you with- drew..

SECURITY—The Bank's Caplis) and

Rosesres.

ASSETS EXCEED £100,000,000

Interest paid without deduction of Untral Kingdom

Income Tax

Write today to the General Manager far your copy

•óf**Bank Deporft Account" booklet No. AÕ,14.

LOMBARD BANKING

LIMITED BANKERB

Hand Oficat LOMBARD MORE, CURTON STREET

»PARN DANE,'COMMON W.J Talophane:1 th@ 41ST (1Save

Alteclated Bont LOMBARD HANKKU CAN TASTETO

19.0 901 2530JEDOD FLOWI FAMAZON MODEL, KAFFARI SAY

(4 World-Write Dunkcine and Plainsy Ormuslimsko (1)