1960-12-02 — Page 2

Pago 2

THE CHINA MAIL,, FRIDAY, DECEMBER 2, 1960.

WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE

FURTHER INCREASES

Bank prices jump up, big

turnover

There were in general further increases

The share · market

11K Bank Lombard Unjon Wheelock HK Wharf

Star Ferry

at

Dec. 1

1305

a

*

glance ⭑

Up or

Down

+70

Dividend

& Bonus

$48

Yield(%)

LOSS OF U.S. GOLD SAID THREAT TO FREE WORLD

Newberry, S.C., Dec. 1. Rep. W. J. Bryan Dorn (Democrat-South Caro- lina) said today the greatest threat to the American economy and to U.S. leadership of the Free World is loss of United States gold réserves.

actions

ان

Dorn told a luncheon meeting | uations, such as West Germany of a Newberry civie club the and England, with -) balance recent

President | budgets and tax reductions, Eisenhower to halt the outflow must be induced to pay a larger of gold,

of the bill. while

He said commend share able, wax "too little, and loo France, Italy, Japan and other allies must be encouraged to Dom proposed a four-point place more troops in the Geld, save gold re-permitting American soldiers programme to serves and protect the value of and their dependents to return U.S. paper currency,

First, he called for a reduction

ald. foreign

Durn said

Nov. 3

Nov. 10

Nov. 17

1316

1340

1328

Nov. 24 1320

2.4.

#116

41%

49

13

+500

4.9

128

128

123

120

12#

#3.40

4.8

8.10

8.75

8.95.

9,00

0.53

50

€00

0.5

2341

2441

2441

2486

$70

+22

雞

3

1K Becks

1000

LON

107

110

114

+4

$10

8.3

Taikon Docks

04!

04.

44

GA

6814

+14

$2.80

4.2

Provident

21,00

21.60

22

22.20

23.20

+1

$1.40

6.5

HK Hotels.

4214

4214

42

4314

4814

236

$2.75

4.2

HK Lands

0312

GO

00

B014

71

+1.80

$2.40

3,3

late."

HK Realty

1.875

1.90

1.90

1.90

2.028

+12.50

13.75e

0.8

HK Trama

314

3214

3211

32

3314TM

4214

$2.05

G.A

1720

173

∙170.

180b

187

+7

$9.50

5.1

102

103

1088

108

111

+

$8.50

24.20

24,00

24.00

25

28.10

+3.10

$1.10

28.60

29.10

29.10

29.10

3114

42.40

$1.70

In

HK Telephone

30

364

384

**

3834

+14

$1.75

Hong-

G. I. Cement

5514

1614

57

03

0434

+114

Dairy Farmi

314

3214

3314

32

34

$1,85

A. S. Watson

304

31

32

33.

3834

+59

$1,60

Jane, Crawford

403b

41

41

41

4435

+33

$2.75

814

8.85

94b

9.83

10.70

+85c

6.15A

5.90

6,10b

64

8.10

+1.25

NK & FE Inv

14.70

1414

14.90

15,60%

16.40

-200

800

8.85 41%

8.95

0.00

9,65

9.05

steady

B00

8.3

14

10.20

10.00

16.40

-400

$1.10

0.6

in stock prices as well as the volume of business in the week's trading in the local stock market.

The most marked increase was registered in

kong Banks. The price, which the day previous had closed at $1,335, shot up to $1,395 yesterday. Walyons and Allied Invest-kong Lands touched the $70 ments also showed good gains. Watsona rose to $38%, an in- crebne of $54 compared with the week before.

Allied shares went up to $8.1),

a gain of $1.25.

The

mark and Docks were marked up to $114, Gilmans advanced still further while Banks resum

The ed their upward trend, week ended on a very strong note with the day's approximate turnover at $7,700,000,

The market

was

China Lights continued to the closing

Monday: gain in strength. price rouching $28.10 yesterday again strong and steady, but turnover without establishing any parti- approximate

The feature of རང་ ༤་ །་ $9 million yesterday, the cular trend. test for a single day nee the the day was the rire in Allied Friday's price record-breuling ported In May Investors from

jer $7.10 to $8.10. The ap this year.

|proximate

was turnover

closing

prices

The appximale volunte cf: $6,100,000. business from last Friday to yes terday amounted to $32,730,000 compared with'.$27,000,000 the previous week.

Comparative show the following

Banks: Hongkong Banks rose by $70 at $1395.

insurance: Lombards gained 50 cents at $43; Unions lost $2 at 8124,

Utilities Trams gained $1

at $33 Star Ferries rose by $7 at 5187: Yaumatis gained $6 at $111; China Lights Increased by $2.10 at $28.10; Electrics gain ed $2.40 at $314: Telephones gained $1% ! $78%;

Shipping Wheelocks lost live eunis at $9.55.

Docks, Wajarves and Godownis Wharves increased by $22 ni $270;

$23.20.

Yaumaja

Ch light

Electrics

Int'l Investment Allied

Texille Corp Nanyang

WALL

HONGKONG

Tuesday: The market has very active throughout been the day. Interest was well spread, the main fecture of the day was China Lights which rose to as high as $20.20 per share in response to an overall Eccount by the well balanced

All other stocks Chairman. maintained their prices and fluctuated within very narrow limits. The

cloged market The Rubber sec- very steady.

The ap-keng than was weekish.

furnover Was proximate $5,330,000.

10

STOCK EXCHANGE

by

Our Own Correxpomifent

STREET DECLINE

CONTINUES

New York, Dec. 1.

The stock market continued on its down- ward trend after yesterday's biggest decline since the end of October.

Blue chips were mostly while the fractionally lower

Gen Tyre & Rubber Goodnih (B.F.) Co. Goodyear Tyre *** our on...

Arent loases were rogistered by ihe speciality issues and those Hammond Organ

Homestate Mining Co. Business done at the Hong-stocks outside the Dow Jones in-

Idaho Power __............ 'Stock Exchange thesdustrial average.

Inland Steel Co. Chrysler slipped off 1⁄4 pointerchemical Corp. morning amounted to approxt-

quota-n the moiars, also to a new Int'l BUTUC Machines imately $8,100,000. Noon

declined International Mickel tions and the morning's irons-low, while Ford

International Paper point in response to reports that inti Tel. & 7. actions

Treasury Secretary Anderson Johns-Motwhile Co. Bales had asked the company to drop Kalser Industries

plans to acquire all the stock of 100420s British subsidiary. American

Motors t

Shares

Wednesday: Theycket fol. towed yesterday's kind with some siccks tanging on addi-

Lights UK Bank tional gains. China were again the principal feature $27.20, a Docks gained $4 at $114; Taising to as high

Rubber section The hoo Docks went up by $4 at Bain of 51 since yesterday's S80: Providents gained si at close.

proved asin weak: The markel with a turnover approximately Holels, Lands and Buildings: closed fir amounting Hotels lost 25 cents at $43.

$4,600,000 Lands gained $1.30 at $71: Realties. rose by 122 cents at Thursday: The market opened

with Ho great pronise)- $2.925.

which

proved only be the "quiet, before

When trading really storm, got into its stride the pace be came terrific and buyers chased the prices and slili satisfied touched steady.

Industrials

$14 at $841⁄2

Cements gained

Stores: Dairy Farms gained, $1 at $34; Watsons increased by Collons: Textiles remained $59% at $38341; Lane Crawfords rose by $32 at $44%.

steady at $9.65: Nangangs lost 20 cents at $18.40.

"

Market diary

Friday: The market opened strongly and gains were regist- Some cred in most rections.

during irregularity developed the day and some shares did not qulle hold their best. Hory

Yesterday's Closing

thé

were un-

Whert Co. Waterhout

Buyers Sellers 1400 1420

1400

10 410

130 1425

LD 1410 20110

30

937

London

stocks steady

London, Dec. 1.

191⁄2 | Industrial issues closed firm today following a pickup In buying for short-cover- ing during the afternoon. mostly Other sections were enster.

Kimberly Clark

Liggen & Mycm Toh. Co.

Iron Lad

7416

Esi

Lockheed Adrezal

among the de-

15

301

which

slashed

321420 North American and United

100 w

Bk. E. Akin Lomtun! Union 1.

220

0.35

114

2000 0.60 2000 ur 13900 DES

300 115 118

200 (

M800 116

Wheelock

HK Dock

Provident 20.30 23.40

K art. end. Banks rinsed and

at the $1,400 China Lights closed at HK Land, a new high of $28.10 and Lands broke through the $70 mark and Ilsbed their highest at $71. There was no evidence of proft buyers predominating taking, until the end. This buoyan markel ended the day's trading yourut! stronger than ever with a turn- over of approximately $9 million.

COMMODITY PRICES

RUBBER

SINGAPORE

Closing prices áli Ini Stralis

15. fo.b. Malayani

echts per parts:

METALS

rase fractions

Loows incory.....

L Star Cement Co. Lowenstein & Bond

fence avocke. Delaware and McDermott J. Hay

the MoDornell Airerátt

Hudson.

dividend yesterday, opened late Merok

on a 6,000-share block, off 2 Mesabi Iros

Mission Development

Montecatin

and traded down to a 3-point | Monsanto Chemies! Co. 1065. UGUToday's-volume was 3,090,000

shares.

000 4 115

200 110 509 116 1000 15 2000 si 23.30

43 4312

$400 or 13

1000 43

72

000 of 71%

2000

114

800 12

1800277

200 72 400 71 400 or 714 10557210

50 112 1100114 255 or 100 15096

Bonit 100 103 Rights AK Trom 33% 34% 1000

Of a total 1.220 issues traded, 332 were higher and 040 lower.

American Exchange

$12M

Volume

Moorwery Ward

Motorola Inv. pag National Biscuit Co National Cash Reg. “A” National Dairy Prod. Nations Lerd National Steel Corp. New York Central Norfolk & Western Ra North Amer. Aviation Nisthwest Airlines (Com.) averages | Oktahama Net. GaS

1,000,000 shures. Bonds volume amounted to $5,100,000. Dow-Jones closing

were:

30 Industriais

20 Rails

15 Ulities

05 Slocks

40 Bonds

Ob's Elevatora ... 594.50 Owen-Ills Glues Oxford Pepper Ca

127.58 Pacific Gas & Elte.

05.48 | Pars American Airway's 198.72 Paramount Pictures

84.41 Penny J, C. Co.

Phillp Morris Procter & Gamble Co. Pittsburgh Plate Glass Publicker Industries Pure 01... Radio Corporation Radle Corn. Pref.

Comin. future price index 141.00

Closing prices

Allied Chemicals

334

3000 34

Allied Mills Inc.

5000 34

C. Light XD 27.00

Allis Characte

20 2000

27.00

Ain. Brake Shoe

2000 28

2000

28.10

1000, n. 26,30

1000 # 28.20

American Airline

Am. Cable & Radio Corp.

American Cyanamid Co.

100 or 29.30 Am. Ces & Electric

1000 23.20

1000 20,3

2000 11 23,40

Am. Home Prod.

A. Mach. & b dry.

Annerlean Metal

2000 28,40 American Smelling

3309. 28.20

100 of 28,30 1000 6 28,20

600 29 1000 or 3124

Am. Sugar Bet.

American Tel & Tel American Tob.

Ampex Anscenda Copper Armour

Allas Cone Miring Baldwin-Limp-Hai.

Baltimore & Ohio

500 28.40 790 20,10

40

3334

Reynolds Metal

77% Southern Railway (Com)

Sperry Rand

281 Standard Oll at Cal.

Cars, Department Stores and Tobacco shares were la demari,

2 British Ford recovered part of 31s curler decline.

7712

3412

214

Gold and oll shares ended

4351 with frusticnal loss while dollar

stocks were mixed

70

您

Reynolds Tobacco

Royal Dutch

18

Rheem Mig.

412 Sears, Roebuck & Co.

40%

Shell Oil Co.

409%

G4Safeway Stores

17994 Saint Reg. Paper

Aco Paper

303%

24

Biegler Carpi

2011

551

Sinclair CHE...

Smit, Kline & French

$3% Jocuny Mobil O

E01 South Puerto tico Sugar

142%

22% Southern Co. (The)

44

Southern Natural Gas

Spol rubber unhaled

No. 1 Dec.

Jon.

No. 2 Dec

No. 3

No.4

Blanket crepe

No. 1 pale enepe

LONDON

Closing prices all in pence

per 1b.:

No. 1. Res spot.

Settlement House ter 2034-ZÍ

JAR:/Mar

Ape/Tune

July/Bek

Nov./Day

北

2014-251

defal malerts, clt, basis,

ports:

Zing. It halt

0496-dia

001-034

8215-83

LONDON Closing prices, nil in sterling per long ton:

Buyers Setters Tin

799 000 Spot

79714 708 3-month Copper

Spot

IK Elec... 31 3123

1000 & 32

12

Bandard Brands

200 + 314%

1000 N 32

Beneficial Finance

33

Batard Oil of Ind.

Bendix Aviation Corp.

82

Standard Oll of NJ,

1500 321

Benguet Cons.

1

Bierling Drug Co.

Bethlehem Steel

371 solely-Van Camp.

Boeing Airplane

30

Sunshine Mining

Borden (c) Co.

001% Bwift & Co.

IIK Tel.

Burroughs Add Machine **

27

2314

Calli. Packing Corp.

274 Textron Inc.

84-0414

-month

228

Canadian Pacife It.

7245-7319

Lead Inhalt

Case (J.) Co.

10-90

Dec.

2016

S-month

RLC 21.30

month

BOX

UPL

Cement

મ

217

84

'RIC

Estate erept the Doc.

thick Dec.

30-41-

202

FOREIGN EXCHANGE

NEW YORK Closinkrater:

Dairy

The British government bonds were easy--UPI.

Closing prices

British Government Securities 25%. Consolidated £43xd,

J. Conversion-239-15/16. 3. Bavings 1055/65-295-1/16. 3 Savings

3. Savings 1960/75

Banks & Insurance

Barclays Ord-049.

Chartered Bank-47 3d. Hongkong Bank-£71 cor. Lloyds Bank-70s Dd. Lombard Banking Ord-186 to, Union Insurance-794.

Ou

Burmah Oil-379 d. Royal Dutch-£11-13/32.

Steels Engineer 439 4120.

Babcock & Wilcox Unlied Steel-675 Od. Vickers Ord-296.

Industrials

Assoc Elec, Industrits—er 9d. Asoc. Portland Cement-08 114, Boardman, Marden Ord Ibisa. Conts (J. & P.) Ord-dt 11⁄2d, Courtaulde Ord 141⁄20. De Le Rve Ord-638 $0. Dunlop Fubber Ord-218.

Elec.& Industries-41% 14. Ford Motor Ord-135% 120. General Electric Ord-al′′ 3d.

Gilman (Holdings) Ord---2 10th. Oreal Universal Örd-201 Hawker Siddeley Ord-29; 3:3,

"A" Ori-83Y Marks & Spencer

Rolls-Royce-12# 30. Standard-Triumph 30,

Det 478. Unilever Woolworth Ord-50% Bd.

Mines

De Beer Def=147% od. Petaling 7---7= Gd.

Miscellaneous

B. ORI-231 150.

China G-16) Indo-Chins Del. Ord--le pd.

P. & G. Steam Nav. Dels d..

Neuter,

One booking in Far Eastern

section

home.

Second, Don snid Congress must regeth 15 constitutional power, lo regulate foreign trade, He said the Unlied. States is pili up

surpluses of agricultural and industrial pro- duets while importing many of the same product's we have in rupis

vast

Third, Dorn said the power of the State Department must be ourbed. He saidṣihisi de- partment has dominated, the American economy, "milltary polley, foreign aid and foreign trade.

the

London, Dec. 1.

And fourth. Dorn sald Only one booking was report-

ed in the Far Eastern coalition of Southern Democrats and midwest Republicans must section of the Baltic ex- continue to prevent the passage change today. Sula of radical, socialistic legislation 499,000 bale with a copra and to provide for the American to people a balanced budget and cargo ex-Philippines

reduction of the national, debt. Antwerp/Hamburg range. UPI.

Lower rate 18 cents per bel? foot agreed for December jood- ing on to, and stowed 129 with an option to discharge on the west coast, USA, at 12 rints..

Activity in the European section was moderate and book- verde? a Triton Es included with 13,000 heavy grain from the Gulf to Poland in December position for which charterers agreed on the steady rate of $7 with 1,300 metric tons discharge free.

Rubber market

Singapore, Dec. 1. Overseas markets were dis- appointing and this coupl- Lower rate of $80,500 fi.o,

ed with the large increase was agreed., for Liberty sized

in end-October Malayan cargo scrap aboard Elga ex- northern range to west Italy in stocks caused carly selling

Ιπ December/January position.

for December No. Ras. time charter, the motor · vessel At the lower levels upcountry Henriette Wilhelmina Schulte and locul profit-taking held the 14,902-ton was

for mice andy a very quiet salon Voyne home delivery British developed with minor ductun- Columbla December 15/30 positions and tom-UPI.

booked

WOOL

New York, Dec. 1. Wool futures

closed changed to a of a cent higher, December 109.0 bid, March 112.0 bäck Spot 109.0.

Wool tops futures closed un- changed to 2 of a cent higher, December 147.5, May 146,8" bid. Spot 148.0 AP.

INTRODUCING

seme improvement towards noor

Interest in lower sheet was confined to some buying for two And three R December and closed slightly casier,

Afternoon cusion enlivened -for-a-while-by-a-small-Chlor

order.

This was insufcient to hold the market and prices casext through to the end of the day, In London, the rubber market was dull with spot quoted 24% pence.-UPI.

1st time

in Hong Kong

FULLY AUTOMATIC :

KOBAYASHI

TAG EYELETTING WIRING TWISTING

500 #22

2000 319 1000 a 311 150031%; 6000 ft 39

ID0 391 2500 30

1000 #7 5094

200 39

2000 30

600214

05 310003

700 @ 034% 1300 69 03

3000832 1000 da

500 64%

$434 3435 800 ve 33

1000-43431

800 of 54% 1000 #5411

2500 of 345

500 343

1800 60 24%

2400 or 3434 1100

Cal. Tractor

Celanese Corp.

CAT: Financial Corp.

Cluett Peabody ... Colorabian Carbon Co. Commercial Credit .... Continental Can Continental Oil of Del. Crane Co. FAKE Deinware Hudson Co.

· Douglas Aircraft ... Dow Chemical Dupont de Nemours

Eastman Kotak

El Paso, Natural Gas

Faidy Stanzos Corp.

Ford *******

General Dynamics

Grandzal zieki trie

Grenobal Foods

Texas Co.

Tulekol Chem.

Tide Water Ol

20% Time Inc.

Tri-Cont. Warrants

645 Twentieth Century Fox Flim

50

Union Carbide

Linjen Oil of Cal.

Walon Pacific Railway

31% United Frui

13 United Gas Corp.

45. Gypsum

20% 98. Line Co.

20 US Smelting

131 US. Steel wanit 143 US.. Steel 7 F.C. T Warner Bros.

199

3034 Waukesha Motors

Westinghouse Elbetrie Wesern Union Tel, Co.

41 Winn-Dixie Stores

Woolworth (K. W.) 桃

Zenith Radio

U.S. INVESTMENT QUOTATIONS

The following are U.S. Invest- 18mente as in American dollars. Buyere prices include commis-

31

Wentinghome Air Brake

41 21

ion;

Sellers Buyers

Aminted Fund

7.09

7.67

Am Bus Bhre

4.200

4.43

Atom Dev Mut

101

AN 1ought ....

0.00

A.TE

-UPI.

Bulldek Fund

Canada, den Pind

1300

Canadian J

15.07

Chemiest Funda

Canadian TH, Growth

10.00

10.90

Commith Block

13.30

Dividend Bh

2.90

Dreyfus Fund

14.15

si

Eaton & H. Stock ..

11.08

Klectronics In

120

Boulders Mul, Pund

10.63

2000

10.02 Ham TOY

100

1.07 Found

10.19

599 14.20 Indonesian rupian føwr 100j

3.30 a drowin

go karto papier Frue Karrjen

10.20

1000

20.10 Inkus, dicame

12

Foultar tenay 44NAL SEN

181 Invest Te Boston

11.09

Temper fiton

Hevone Canade

-Le Parch quð

LIVERPOOL

Clone prices all in pence

per ba

Mixed Contract

12

Canada England gi

100/32 2.8110

Watson

3015 Allied 1rty. BAD 8.30

03.20

2.0010

k 90-day

18040

15.3490

7000

8.20 4000 0.20

8.30

General MONTE

Gen. Pub, ỨIH,

New Zealand

1.0010

Taxis

**

5.8150

.02014.

14 10.80 4700 à 30.30 1000 à 10.19

.1433

Bouth Afries Bew Denmark

Oliers undanged.

LONDO

Closing rates: New York Molkeat Agendam

Copenhagen

03

PATIR. Stockholm Milan Vienna Zurich

2.7431-2.45

9 0,05 000 or 9.15 3000 11.65

E a.. Nimph 1840 (G) Lob vr 10%

1000 18 A. Rubber. 5.50 0.70 1000 $.06

7,20 R. Trust.. 19,00/410.00% ||Talkoo Dock 70%

13004139.30

1377-13 TEL 14.039-14,54 17042-276435 93,06-13,09 12.10-12,10

| thumphreya

3060 OF 5.70

5000 ** 5.70

5000 0.00

DOGO 42 6.85

714 29060 @ 1.20

73 400 @ 291ne's Invent 10.40 10.00

500 g 10% / whol9weltáre 1120-11.80 000 70% LTE

"Invert 900 & 70% ilman

$.05 4.075

Fully. Pata D

24 20.30 '2000. i 16.30 || Peak Trá

500 G 10.80

Exchangé rátes

Business was done in the local 4000 27 18.78 | unofficial, market this morning

1000 10.00 | the following rules:--

509 of 1080 115, dolar

30.00 Sterling nokën, tpær,

takto Austrailan põles (pèr ÉT

10.70 Rafn teal (per 100)

1000 @ 10.00 Singapore (Stra)

Unit trust

First Hongkong. Bund

Buyer Price: $ 205. Seller Price: $; ÅRE

HANDLE SHIPPING AND MERCHANDISE TACS FROM

1** uto

3%*7* LONG

AUNKING SPEED: 6,699 TACS PER HOUR.

NKT · WEIGHT: 200,X*p

BASSONS

1

An Suretion Stude

Ang kageration Mus

Puter

OVERSEAS CO LTD.

ROAD