1961-01-06 — Page 2

Page Z

THE CHINA MAIL, FRIDAY, JANUARY 6, 1981.

WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE

SMALL DROP

Trend expected to follow

Laos situation

The procarious situation in Laos brought

a decline in most sections in the Hongkong Stock Market this week, However, the volume of business, was pretty good,

indicating a firm undertone in the market.

An adverse political situation would normally have a depress- ing effect on the local market, but this has not been the case here because there appears to a large amount of money in circulation. Thu Hongkong reonomy is sound.

vestments rose by 30 cents at $11; Aled lost 33 cents at $7.80 (buyers): HKFE Investments gained 10 cents at $13.00.

Market diary

Friday: The year's trading in the Stock Exchange went out Buyers are taking a cautious like a lion in on exhuberance attitude and from now the of buying. Proft taking which market trend is expected to run is a natural concomitant of the

end was recording to developments in year

conspicuous by Lacs, and to a much lesser extent those in Cuba.

The Cottons remained at lower levels. Banks went down by $10 at $1,435.

There were small declines in most other sections.

its absence and prices gained throughout the market. Banks were popular, Lands roached a new high of $77 and Wheelocks Fained

Utilities, appreciably, particularly Telephones, attracte e attention and the upward The few that registered small trend continuet #t Aл in- gains were: Coments, up 50 con creased tempo, The turnover at $85; Lane Crawford's, up 25 cents at $424; International Investments, up 30 cents at $11; HKFE Investments, up 10 cents at $13.00; and, Telephonés, up 25 cents at $3837.

Yesterday's approximate tura- over was $2,900,000.

Comparative closing figures show the following:

Banks: Hongkong Banks lost $10 at $1,335,

Insurance: Lombards went down by $1% at $41; Union (50 offerat.

Utilities:

Tuesday:

was approximately $7,200,000.00 which constitutes a menthily re cord In the history of the Exchange and augers well for the New Year. The Secretaries for the International Invest ment Corp. Lid, announced that at the close of business in 20th December, 1000, the share had a statistical value of $15.21 per share.

the stock market was a little easier. Trading was led by ahares which have in recent weeks

dominated the Trams declined by scene. Ferries, Trams and Tele- 50 cents at $33%; Star Ferries | phones were steady, while other remained steady at $102 (buyers); Unlilles all lost some ground. Yaumatis losí $1 al $117; China (The only

mande by gain was Lights lost 20 cents at $26.60 Hongkong And Far East Invest- Electrics stayed steady at $29.70: ments. Bank cased a little at

by 20first Telephones moved up

but closed steady. The cents at $38.

undertone was quite strong at Docks, Wharves and Godownist (the finish, with the day's turn-

approximately Hongkong Wharves declined by over 98 at $200; Hongkong Docks 735,000.00.

The Wednesday: Jos: $1 at $115; Taikoo Docks

market went down by $2% at $70; Pro- opened en a strong note and vident's lost 50 cents at $23.80; gains were registered in most Shipping Wheelocks lost 10 sections. After the initial rise the cents at $0.60.

market became steady and in Lands,

Hotels and Buildings shed the half day's trading on Tumover was Hotels went down by 30 cents in strong nete.

54,-

IN PRICES

IN

*The share market

HK Bank Lombard Union

Wheelock HH Whart

HK Docks

Provident

Taikoo Dock

IK Hotels

HK Landy

HK Realty

at

Jan. 8 1435

a glance *

UD OT Down

-10

Dividend

& Bonus

09*%$

Political tensions

cause rise in New York stocks

New York, Jan. 5.

Stocks finished in a small gain on profit-taking in the last hour today with some advances following through yesterday's sharp price risc.

Cyclical Inaues again took the spotlight on higher ground with sicels up fractions, chemicals

For rose around one point in

Dec. 8

Dec. 15

1420

1415

Dec. 22 1645

Dec. 20

1445

Yield (%)

$48

1.3

430

43

42

4934

41

4.9

124

124m

12in

12

$3.40.

2.R

0.40

0.35

0.45

..0.05

9.56

-100

Cod

270

200

208

27t

200

$&

112

114

115

110

115

$10

8.9

78

2014

71

7214

70

23.80

23.40

23.70

24.10

23.00

-500

$1.20

42150

414

414

4114

41b

-50c

20

73

7334

75%

75

-500

$7.75 $2.40

5.1 0.3

3.2

Лnished

mostly

higher, and

1.95

1

1.925

1.00

1.925

1.90

250

13750

0.8

HK Trame

324

33

3334

3344

3314

--500

$2.05

4.3

Union Carbide went up more than seven points,

Star Ferry

183

180.

184

1821.

1826

steady

:

39.60

113

113

117

118

117

-1

$8.50

7.7

Ch Light

20.00

26.20

2014

23.80

20.60

-200

$1.10

4.1

30

20.40

2036

29.10

20.70

steady

81.70

37.

38

3812

231%

3834

+250

$1.75

4.0

$2

62

03

05

+500

4.2

34

3254

3314

324

31.

$1.65

5.8

37b

это

3914

39

39b

ziezdy

$1.50

44

43n

4214

1234

+250

52.76

8.7

In!] Investment Allied

10.80

10,70

10.000

10.70

-+-300

750

-7.1

8.40

8.20%

8.10

8.15

7.800

Ba

12.1

HK & FE Inv

15.00

15.20

18.201

131%

15.00

+100

Doc

5.8

Textile Cory Nanyang

6.95

8.20

13.60

14

8.10 13.00

W14

*350*

800

10.3

13.80

-100

$1,10

В

tion.

• Yaumalin

Electrion

HK Telephone G. I. Cement Dairy Farm

A. B. Watson

Lane, Crawford

Streamlining Bid

scheme pushes

up UK cotton

profits

8 13.70

to improve Cuban-Japan

situation

trade

Tokyo, Jan. 5.

Cuban Ambassador to Japan, Dr Mario Alzugaray Y Ramos Izquierdo, left Tokyo yesterday for home to talk with his government on the dead- locked Japan-Cuba trade.

Foreign

to

London, Jan. 5. Britain's streamlining scheme

Office sources said for its cotton industry, the ambassador. who Was which caused the scrap-| scheduled to stay in Cuba for ping of obout half Lan-one month, was expected cashire's mill machinery, return here with a new pro helped give o £5 million Pesal, to improve the stalemated ($14 million) boost to the the two countries. published profits of 75 cotton companies in 1960.

into 1961

commerical

situation between

IMPASSE

Japan-Cuba trade has been The Industry goes with almost fully-booked orders, in an impasse currently because Textile expertz Judge that mills of high, Cuban sugar, price and would be fully engaged for six deteriorated foreign exchange

is that station in Cuba. Worry mouths. The

may lengthen delivery dates through labour shoringes.

IMPETUS

Japani signed a trade agres- ment

with Cuba last April under which Jupan was to im port 450,000 tons of Cuban sugar annually.

NEW YORK

COTTON

MARKET

New York, Jan. 5. Cotton futures today ruled extremely quiet with nar- rawly_mixed price changes.

-However, Japan-has- since April bought only 180,000 tons

and prospects Spot brokers and other trade contracts being interesta were on both sides in o

small

The speculative

at $41 (buyers): Lands lost 30 japproximately $3,175,000.00. cents at $75; Realles last 2,5 Thursday: There was prac- tiently no material changes in cents at $1.00;

Industrials: Cements gained today's taking at the Stock

Exchange. Wilh the exception Lost your's results got most from its seller, 50 cents at $85.

the Textile Stores: Dairy Forms lost $1 ol of

Section which impetus from the ordering spree for now $91%; Watsons stayed steady at suffered A sudden drop, all of late 1939 and a further buy-concluded are slim.

Bluctuated with- ing movement in September. $3014; Lane Crawfords gained other counters

A Japan-Cuba Trade Promo- talent turned attention to the 25 cents at $4234.

In very narrow Jinjis. The

tion Association "has been more delive alock; markot. Main Cottons: Texties lost $5 cents market closed somewhat easier. The 75 companies, which beestbblished to studst measures trader attention was directed at $74: Nanyangs lost 10 cents

them control 250 mills, to break turnover for the day tween

£8.87 million at $13.80.

amounted to approximately $2,- made

($24.61 between Investments: International In-000,000.00.

million) proft In 1000.

The

MOREandMORE

PEOPLE ARE OPENING

5%

BANK

DEPOSIT ACCOUNTS

with

•

LOMBARD BANKING

SAFETYNO Capital Depreciation---

Your funds redits at your disposal,

INTEREST is calculated on a Daily Basis

✔SECUR

*—1.0. your money la carning Aterest from the day you deposit til the day you wilhe draw.

SECURITY—The Bank's Capital noë

Retorres.

ASSETS EXCEED £100,000,000

Interest paid without deduction of United Kingdom

Income Tax

-Write today to the General Manager for your cons

of "Dank Deposit Account” bodidet No. AQ.24.

LOMBARD BANKING

· LIMITED

BANKEES

· LIMBARE BOUZNÉ, DORKON STEZIT

An Independent analysis of The profits earned by these votr

cerns in

UPI.

way.

the trade deadlock toward today's meeting between the two countries. President-elect Kennedy and farm state leaders and possible legislation affecting the new cotton crop.

1860 showed arcuate Lead and zinc Inactivity

nel carnings by 14 leading spin- ning and weaving combines and their subsidiaries jumped to £5.25 million ($14.7 million) up from the 1959 total of £1.00 million ($5.73 million),

Average net profits in this group Just about trebled, Average dividends for stock- holders went to 12.48 per cont against the preylous year's 9.73 per cent,-UPI.!

Agreed merchant

rates

study group

in the textile market was another handleap to now market interest. Mills continued to reject low bids for goods to

delivered bo (through the frat half of 1981, United Nations, Jan. 5. Manufacturers reportedly aro The International lead and reluctant to book new business zine study group decided at this time because of the fear today to meet in Mexico of higher raw cotton prices and a possible further boost in mil City on March 20 to worker wage levels. Opened consider measures to off 7 to up" 10 points--UPI.

prices of the

bolster

metals.

The group elected Fernando Berckenzer, Peruvian Ambag- sador to Washington, to be its 1962 president.

Representatives of the mairy. lead and zing producing countries Australia, Canada. Canadion Maximum Selling Mexico, Peru and the United

17 11/32: Minimum Buying States-attended today's closed

17 19/32 T/T, 17 21/32 O/D. | meeting--UPT.

COMMODITY PRICES

METALS

Sept.

Spot(T.A.6, Cuba)

Total Balen; 50 contracts Open interest: 222 contracts

Contract No. 4"(world)

July

Increase in U.S.

exports

Washington, Jan. 5.

The Commerce Department reported today that U.S. exports for November were valued at $1,722,- 900,000, and 'increase of about two por cent over the October, fotol.

March

MET

3.04

... LONDON

Closing prices, all in sterling per long ton:

SpotCkN.

Spot

Contract No. 6 (domestic) Mar.

{-duty)

2.00

On

\5,00

Fin

Dayers Belters

ม}

Tutel Balos; none Open interest:" UPL

140

Spat 3-month Copper

So

2-momh

Lead ist half

Jan

month

Zinom za

JEL

-month

adjusted aventionally betis, the Novembar Botal was about two per cent below the contractsOctober rate..

FOREIGN EXCHANGE:

--UPL

LONDON

SUGAR

NEW YORK Closing prices, all periba

in colts

'tamber throuch

ferr the

The gartrate, three-manta period from Sep- November re- chained at about the mo kvel for exports during the preced- ing thin montÈLE,

·

Inchilling milltury shipments, exports totalled $1,700,000,000 in November. They reflected algràdicatat mepenses in exporte of machinery, vehicles, and" thitily fibres

Duros uña (WPós reported, ́in- export is not-mrátalja minerals";}:

LONDON

CLOSES HIGH

Londop, Jan. 5. Vigorous broadbased demand aided by Wall Street's overnight

pushed stock prices into higher ground today. Most prices closed at their bost lovals, Steels and The featured A industrial list.

the autos but American Motors fell nearly one.

The stock market actually fa Aharpest gain in scored more than three yesen yester- day,

HONGKONG

Wall Street ascribed most of the strength to traders buying into defence-oriented stocks..

'Tho sain. sharpest aleco October 23, 1937, restored nearly $3,000 milion to market valun-kong

STOCK EXCHANGE

by

Our Own Correspondent

this

Business done at the Hong-

Exchanko Stocks morning amounted to appro- Noon $1,430,000, Brekers sakti tensions growing ximately out of the

the morning's and Cuban quotations, and situation were responsible for transactionx

Los

the sudden upsurge on the heel shares Buyers Sellere. Exits

of the setback in the first trading session of 1801.

HK Bank.. 1435 2440 50 1435

The rally was triggered by the sted stocks where buying London neg. 1113

E. Abi Tecently has been heaviest. The Lombard assumption here is that any Wharf step-ujš in national preparedness Waterbost ns a result of developments Wheelock abroad would find steel inven- Provident tories low-UPI.

U.S. INVESTMENT

QUOTATIONS

lik Dock..

• 23.70 23.33

155 1433

200

200

P.33

0.00 1000 923

600 23,70

100 23.50

200 v 23,00

400 23.70

·HK ·Hotel....... Ik Land. Yaumati

743%

75

Now 110 Ik Tram.. 0312 3992

C. Lighi ..*

HK Elec... 29.00 29.70

The following ore U.S. Invest.

in American dollars. ments as Buyers' prices include commis- Tel. 2014 blue chips slon: mostly higher

Gilt edged recuriiles, how- ever, WeTo.neglected, dollar stocks were marked up on Wall Street's surge.

firm.

Gold stocks attracted little business but,' finished Coppers, wero higher. Rübbers and teas firmed.

it higher oil

Shell and Royal fentured UPI.

3

3

Closing prices

Dutch ilst

British-Government Recrues

2. Complicated=£ 13-15/10.

Convention-250-15/16. Je, Savings 1065/35—259-16/10. Savings 1960/709/16. 3. Baving 1903/76-27115.

Banketostrated

Barclays Onted. Chartered Bank

Hongkong Bank-£73.

Lloyds Tank-718.

Lombard Banking Ord-10, 711⁄2d.

Bunnah Olla M,

Royal, Dutch-£14.

+

Amilated Fund Am Bus Shrs Atom Dev Mut Axe Hought B Bulidek Fund Canada Gen Fund Canadian Fund Canadian Int. Growth Commith Stock Chemical Fund

Dividend Sh Dreyfus Fund Eaton & II. Stock Electronics Inv. Founders Mut rd. Tamil Ed HC-7 Inefit Found

Instit Growth Instit Income Ta

Invest Tr. Boston

Sellers Buyers

7.32 7.93

4.10 4.42

12.37 13.30

Cement

Dairy Wation

Textile

Allied Inv.

15.311 17.18

10.30

11.10

1.64 11.04

15.54

2.90

3.28

16.10

16.41

Nanyang **

13.00

8,00

Amal. Rub.

7.40 8.00 10.10 11.74

5.13 6.01 nub.

11.52

10.03

Trust 7.15 7.30

10.00 11.00

Taikoo Dock

5.90

0.00

11.33 12.30

Really

Keystone Cust B..

21.30 23.33

Keystone Canada

14.51

1030

Moss Inv...Tr.

Star

BK Gar

Mass Growth

Not See Ser Growth

0.04

040

Scudder St & Cl

18.30

18.30

7.73 6.43

Telay El Pd- Value Line, Fund V.I.P.N Wellington Fund

0.34 0.71

10.57. 11.53 15.00 75.34

Sugar market

Steels Engineering Babcock & Wilcox Ord33s 15.

United Steel-30%. Vickers Ord--CM Zyd.

Industrial, Assot. Fee, Industries=424 65. Assoc. Portlanki, Cement--718 11jd. Boandman Marden Orts, D. Britus Käfor Ond-19 75.

New York, Jan. 5. Coats (J. & P.) Ord-80s Od World No. 4 sugar futures Courtaulde Ord-4ta 1930. De La Rue Drd–578 00.

closed today unchanged Dunlop Rubber. Ord-zža 7KO; “Elec. & Kuu, Industries-419 31.

to 2 points higher. with Gliman (Holdings) Ord-2 10d. sales of 70 contracts. Great Universal Ordün GU,

Domestic No. 6 sugar futures Hawker Siddeley Ord-Why d

· Marks & Spencer "A" Ord-closed unchanged to two points Fledifudon Ord—32€ 30.

higher with no sales reported. Hellboy34

World No. 8 sugar futures.ta- Standard-Triumph-106,

day closed 2 points lower to Woolworth Ord-40% 49O.

Mtnes

one point higher with, caleg of 08 contracts.

De Beers Def=-1848 6:54. Petaling Tile odl.

Miterlimeone

Bowmaker On-20 10%Let.

Hongkong & China Ganeiða.

fade-Chkia Det. Dra-250-

The sugar market was un- certain in view of the rupture in diplomatic relations between

P. & 0, Steam Nav. Def.-438 | the United States and Cuba.--

-Reuter.

UPL

11. 2000

1875 100 10000

Ferry 103

10.10-163

Int'l Invest 10.90 11. 1000 HK. TE.

Invest.... 13% 13.60

Giman

200 15.00

4000 21 2425

21.80

Macau Elec. $1.00 Underwriters Humphreys 25.30 Lane, Craw Cald. Marg.

(Ord.) Vibra

26.10

10036 15.10

Exchange rates

Business was done in the local unofficial exchange market the

ming at the following rates: 1.9, donar (per #11 Ad Sterling notes (pay £1) Australian-notes (per £1).. Indonesian rupiah (per 100) Siam ticals (per 100) Singapore (Straits)

Unit trust

First Hongkong Fund:

Buyer Price $1.07. Seffer Price; $114.

The "reme Biruosure," a fanciful struder of steg and codurele" xhmibod with's' ka-mül.: think: duramacol vinyl will be Und highlight, ac in❤2380 million, Lang Angeles: International Airport, due for oímplation. In 1967): 11, consigla, of two grens - parabolis mrenes whose lers Liktitty tón air the ground aprum a diameter of 245 foot, Harpended Truma Clan: Krohte, (7) That to the air, in a 100-foot diameter winger of glam.. Mlevi and Generaln Land provide a luxurious dining rooms and oberentias: Excll Mer... Conegels and sleci ba › cami ke ane, the thi grain, firmu stärka and dezer (inpertovilone in the concrete, and the

5.50 14.52

12,71

240

20.30

7.00