1961-01-13 — Page 2

THE CHINA MAIL, FRIDAY, JANUARY 13, 1961.

WEEKLY REPORT ON THE HONGKONG STOCK

STOCKS SHOW

* The share

Lombard

UK back

Wheelock

HK Whart

HK Docks

Provident

NK Hotels

UK Lands

HK Realty

NK Trams

Taikoo Docka

market

glance ✰

Down

Dividend

& Bonus

$40

000

Yield (%) 3.3 4.9

at

Up or

Dec. 15

Dec. 22

Dec, 20

Jan. 5

Jan. 12

1415

1445

1445

1435

1455

+20

43n

12

42%

41

4014

0.35

9.55

9.65

9.55

10.10

+5.50

260

208

2741

280

272

+6

114

115

118

115

119

$10

8.4

7034

71

7214

.70

7334

+316

$2.80

3.8

23.40

23.70

24.10

23.60

24.30

+70c

$1.20

་

411⁄4

413%

4114

аль

41%

+50c

$2.75

0.3

73

7334

7514

76

7034

+115

$2.40

3.1

1.925

1.90

1.925

1.90

1.90

picady

13.750

33

3312

33

33

AL

$2.05

6.3

166K

184

182b

1826

105

+13

59.50

4.9

Yaumatis

113

117

118

117

120

$8.50

7.1

Ch Light

20.20

2012

20.80

26.00

27.60

+1

$1.20

Electrics

20.40

29%

20.70

20.70

30!

+10

$1.70

5.0

IK Telephone

3R

381/

3814

3831

301

+1

$1.75

4.5

G. I. Cement

42

83

444

05

08

+$

34

Dairy Farm

324

33!1

334

314

3214

+760

$1.85

5.7

376

3016

JO1

3014

3914b

steady

$1.50

4

41

430

4214

42118

424

-500

$2.75

6.7

10,70

10.60b

10.30

11

11.40

+400

TUC

8.30A

8.10

6.15

7.800

8.20b

+400

$1

15.20

15.201

1514

15.60

13.300

----30c

100

5.8

8

8.10

.13.70

13.00

71 13.80

7.85

+600

800

10.1

13.00

-200

$1.10

Star Ferry

A. 8. Watson

Lune, Crawford

Ist Investment Allled

K&FE Inv

Texile Corp

Nanyang

8.20 14

Record European Improvement in

steel production

Luxembourg, Jan. 12.

Steel production in the six-nation European Steel and Coal Pool soared to a record height in 1960, it was announced today.

totis 19

aut 8,200,000 Lon: The high authorlty said steel, turning production tase to 72,800,000 against 6,700,000 tons in 1939, tons against 03,100,000

an intercase of 21.5 per cent.

steel an Increase of 15.3 per! Holland's

production rose from 1,000,000 tons in 1969 greatest tu 1,900,000 tons,

by cent.-UPI.

1959. cent

Italy made the

advance within the Pool

P.O

ORIENT

or 16.1 per

LINES

EMBARKATION NOTICE

R.M.S. "CARTHAGE"

for UNITED KINGDOM via SINGAPORE, PENANG, COLOMBO, BOMBAY, ADEN, SUEZ-PORT SAID.

EMBARKATION: The ship will be berthed at No. 1 Pier, Kowloon Wharf. Passengers should embark between 2.00 p.m. and 4.00 p.m. on Friday, 13th January, 1961.

SAILS:

BAGGAGE:

The ship is expected to sail at 5.00 p.m. on Friday, 13th January, 1961. Should be sent to the Hongkong & Kowloon Wharf Co.'s Godown (No. 2 (late), Canton Road, between 8.00 a.m. and 5.00 p.m. on 12th January, 1961.

SUBJECT TO CHANGE

Agents:

MACKINNON, MACKENZIE & CO. OF HONG KONG LTD. Telephone: 35211/9.

sugar market predicted

London, Jan. 12. Sugar's general price zone for 1961 may not be lower than in 1960 and with Cuba showing greater regard to the sensitivity of markets some improvement may be seen, a leading sugar brokerage house said today.

this

On

Czarnikow's ventured outlook for sugar for the year, but said judging the prospects for any commodity 12 months ahead and offering viewe possible price movement was a hazardous business, "and today we have factore in the world sugar position which would defy the shrewdest would-be

phet."

а

If the market based itself on the supply and demand figures from

Sugar the International Council

should be there reasonable prospect for some Improvement "but there are too many compilcations in the over- all situation to rely on such a simple yardstick," the Review

sald.

HONGKONG

STOCK EXCHANGE

by

Dur Own Correspondent...

EXCHANGE

WALL STREET

GAINS STOCKS AGAIN Improvement

in almost

all counters

There was a rise in almost all counters

in the Hongkong stock market this week.

ADVANCE

New York, Jan. 12. The stock market advanced for the fourth consecutive time in heavy trading to- day.

The market was mixed and active at the opening.

It turned slightly higher around noon and continued to improve up to the close.

The high speed ticker Lape

lo about their

was late at the close as prices best (imbed

levels of the day.

Mast gatus ranged from a fow ceals to around two dollars a altare.

500 Poor Standard and

Index rose 18 cents to stock $59.32, Just $1.30 from its all- $0.001 time high. Based on this in- dientor, the quota value of all

Textiles, Star Forries, Cementa, and Hongkong Docks

achieved the best percentage gains.

Textiles, for scane lime now at lower levels, made some re- covery closing at $7.85, an eight per cent gain compared with the previous weck's price of $74.

rise Cements continued to steadily, this time by $3 nt $52

Banks shot up by $20 to $1.455. The market closed frm, and the volume of business totalled approximately $17,320,000 for the week under review (Friday to yesterday).

The improved market reflect- ed the casing of tension in Luos. As stated in last week's report an easy money situation The prevails In Hongkong. restraining influence 10 general rise in stocks has been the trouble in Laos.

Comparative closing show the following:

Banke: Hongkong Banks rose by $20 at $1,455.

Agures

Insurance: Lombards lost 75

cents at $40%4

at as high as transae* und Tr 5 $7.35.

The market closed firm, the stocks listed on the Now York stock exchange gained bou! turnover Was approximate

$1,100 million. $5,250,000.00,

1

GOLD BUYING

SPREE IN

LONDON

London, Jan. 12. Gold speculators are step- ping up their buying spree on the froo-market in a gamble against its dollar price and under their per- tho sistant demand mutal's price is edging up again.

the

The Dow Jones 30 industrials were up 1.20 to 020.50.

Of 1,204 issue

traded-nn-

London

stocks decline

London, Jon. 12.

other bicad market-020 nd-The stock oxchango drifted

vanced, 416 declined and 219: closed unchanged.

There were 80 new 1903-01 highs and only four new lows. Most of the steels, cars, rails, peiclcums, utilities, and gold mining vanced

shares

tobaccos. ad- coppers

Most of the were lower.

The Associated Press average

of 60 stocks Lose .00 to 220.70.

Volume

4,270,000 shares compared with 4,370,000

totalled

shares traded on Wednesday.

ENCOURAGING

al

b

downward again today as dealers digested renewed warnings from the Con- servativo government that British exports aro un- satisfactory and domestic inflation * continuing threat.

Steels and motor sharts were expreally hard bit, and tue investor support materialised for industrials in generat

Gold raining isauca

were

I quielly Arm, coppers dull, oils

British government bands attracted te attention and changes were mintr.

The Financial Times Index was 308.5 do 1.3-AP.

Closing prices

British Government Securities

Consolidated-£43-0710. 38°. Conversion-E BB15.

The business news was little more encouraging. included a rise la U.S. roitread quietly arm. carloadings and an increase In Ulties: Trams gained 25

The weight current buying car output. cents at $39; Star Ferries in-

Nine of the 15 most active but for the stocks advanced, five declined creased by $13 at $195; Younalisht be heavy enough to send gained $3 at $120; China Lights the price roaring

of the metal and one was unchanged. improved by $1 at $27.60; steady supply

General Electric continued its Electrics gained 80 cents at $3015 being funneled into the market Telephones moved up by 31 at by the Bank of England work- jesing streak for the second day It fell active stock, as most $39.

ing to control the market in

U.S.1% to 67% on 100,300 shares. with Go- agreement and Docks, Wharves

wus Benguet, downs! Hongkong Wharves authorities. While buying orders Second gained $8 at $272: Hongkong are adequately met by, gold in Philippine Gold Mining Issue, Docks increased by $4 at $110; the bullion market, this keeps unchanged at 1% on 09,100 shares. Third was Studebaker- Taikoo Docks gained $3% at its price within bounds. $73: Providents rose by 70

One market source told Unit-Packard, up at 8 on 30,709

shores. today cents at $24.30;

International ed Press

Next carne Standard Oll (New Shipping: Wheelocks gained that current demand was heavy.

Off 4 at 12 and Jersey), American Motors, up at 18,

Westinghouse Electric was traded heavily, dropping. 1.

ACF Wrigley was active and Dupont rose up 1% at 17%

& Johnson 214. 3%. Johmson International Business Machines 8%, Polaroid 1%, Motorola 14.

55 cents at $10.10.

Lands, Hotels and Buildings:

Hotels gamed Hongkong

but did not approach the great Tush in the October-November 50 attack on the dollar. cents at $41; Lands went up But on cach dealing session

by $14 at $70%: Realties mained steady at $1.00;

$424

ге

cul

on

so far in 1981, gold's dollar price

started Industrials: Cements increased has inched higher without a

It pause. by $3 at $88.

Stores: Dairy Farme gained 15 January 3 at $35.81 a fine or ce Business done at the Hong-cents at $324; A, S. Watsons re- and has mounted steadily since ing amounted to approximately Lane Crawfords lost 10 cents at price $35.78.--UPI. kong Stock Exchange this morn-mained steady at $39% (buvers); then to make today's official $3,010,000, Noon quolations FIRMER

and the morning's transactions: Shares Thayers Helier H*** 1450 1435 50 1455 The survey lopked into the HK Bank..

50 e 1433 40450 rent past and noted that lack

hindered Lan. Tog. hadt offence better pilces for sugar in 1900. Lombard presumably Wherlock t sald Cuba was adhering to its minimum price of 3.25 coils and although this price was currently unrealistic, it dess at least indiente she is

meet the K Dock .. not picpared to market on the, basis of present Provident low values."

heavy European Recently crops had caused pressure from

affected Land exporters which had

a firmer the macet, although appearance had now emerged.

1210 200

402

10:20 10.30 2000 @ 1034

012 9500 & 10.30

27.40 27,00

00 Cottons: Textiles gained cents at $85; Nanyangs lost 20 rents at $13.60.

Investments; International Investments gained 40 cents at 40 $11.40; Allied increased by cents at $8.20 (buyers); HK and FE Investments declined by 30 cents at $15.30 (buyers),

Market diary

Friday: The market today was rather dull and price changes were only fractional.

Good business was hands which held firm at $75.00. In Talkoos were

transacted.

U.S. INVESTMENT QUOTATIONS

al-o

American Tobacco 1, Texaco 11. and Baltimore & Ohio 2. B & and O and Chesapeake & Ohio up, were reported moving to- ward a prompt merger of the two roads.

Homestake, up 1, was out- Its group as the standing in

baillon London price for gold was firm.

Alco tell 24, Radis Corp. and tach. The following are U.S. Invest-Texas Instruments 15

in American dollars. Phelps Dodge 1, Revlon 21⁄4 and Buyers' prices include commis; Eastman Kodak .-AP,

menta os

Am Bar Shrs

Savings 1035/63-210-1/10, 3 Saving 1000/70-£11. JP, Bavings 1005/75-270.

Banke & Insurance Barclay Ord—sta úd. Chartered Bank,

Assurance-110 DAY Hongkong Bank--27034.

Lloyds Bank-is dd. Lombard Ranking Ord-13vKI.

Bunnah Gil-20. 6d.

Royal Dutch-12%.

steels Engineering

Babcock & Wilcox Ord-df, 10a, United Steel--85a TV4. Vicker Order

Elec.

Electrie

Asoc. Elec. Jndustriee-42 3d.

Mus. Industries-423. English Electrie Ord-33

Industrials

9.

Assoc. Portinnd Cement-201 71%d.

Dunlop Rubber Ord-2, Unilever Ord-1428 d. Boardman. Morden Ord-uzreed, Gilan Holding Ord-unreed. Standard-Triumph-unrees.

Chemicals Imperial Chemical Ord--641 fld.

De La Bue

Gd Motors peling Motor nul--the TUAL Ford Motor Ord-142x cd b Non essented.

--Royce Ord~421. Hawker Siddeley Ord-231.

Textiins

Conts (3,4_P.) Ord=564 30.

itpils Ore—124. Lancashire Cotton Ord-GCs Tipd.

Stores

Grant Universal Ord-500 Mark-& Spencer

"A"

Cel.

Ord-

Woolworth F.W.) Ord-17s 754.

Siftcellaneous

Bowmaker Ord Go..

Canadian Pacific Ord-$40, Hongkong & China Gas16. Ineo-Chilla Def. Ord-24s 3140. P. O. Strom Nay. Delia

Milnes De Beers. Def-1500 1010. Petaling Thed.

7000 10.30,

07000

5000

10.20 10.29

IK Hotel..

118 110

.24.20 24.30

500 4.30 3004134 41 41%

600 119

slon:

200110

Sellers Buye

3000 or 24.30

Amilated Fund

7.37

7.09

4.21

4.50

Atom Dev Mut

3000 40 41%%

500 1500 4152

done in

4120

Axe Hought B Bullock Fund

$.50 1.27

17.57 $3.20

3035 27

1100 20 17

900 4.77

reasonable quantities at a point lower. Turnover was

Canada Gen Fund Canadian Fund .....

13.00

16.03

13.22 17.35

Canadian Int. Growth

10.24

11.21

Cotton market

little

Chemical Fund

13.09

11.00

119

140

over $2,000,000.00,

Commlih Stock

15 до

1721

New

Dividend Blu

3.02

331

33%

Monday: The market was

Dreyfus Fund

$3.00 10.30

300

福

much firmer today and opened

Eaton & 74. Stock

2131

13.16

Electronics Inv

7.38

0.07

100

@ 21.60

on a

encouraging Founders Mui yu

10.85

11.79

New York, Jan. 12. Current crop colton futures months were under pres-

4.

3.10

sure

and

3500273

10.84 11.44

2012 3019 30th 391

2000 30

was not matched by the stocks

Insili Growth

10.00 11.08

Instit Income

2500 4 3914

hvallable. Gains were marked

Invert Tr. Boston

in the nearby March position

2000 $ 3915

up in Wheelocks, Talkoos

and

Keystone Cunt

21.43

Wharves while Textiles

re-

Keystone Canada

23.37 14.13 15.79

where

Memphis spot ก

Arm

Moss inv. Tr.

13.34 14.43

bought

estimated an

4,000

market this morn-

10.24

14.40

bules.

39%

losses. Most shares closed

Art, Nal Sec Ser Crowin

6.70

0.00

New

oven though the

volume was Beudder St & Ci only moderate at $3,400,000.00.

months стор

showed UB. dollar (per $1) Poin

38.40

18.49

7.37

8.47

0.73

12.03.

0.23

again

100000

0.51 10.00 11.60 15.20 1394

0.00

20.33

increased.-AP

$300

12

Singapore (Straits)

THE TRUE MARINE EPIC

1.87

; Yaumati

"The existence of second- HK Tram hand sugar related to barter

dis- | C. Light transactions has been a turbing element in the market

to be. and may continue

said. 19K Elec. Czarnikow's feature" They expected restraint from K Tel.

who exporters tree-market hoped for non-quota alloca tians in the United States.

P.O

ORIENT

LINES

The brokers did not look for much Information from Com- munist countries, following the Comment Russian and Communist Chinese buying of Cuban sugar, on whether some of these supplies Dalry would find their way back to

New

ant strong

2000 21.60 note. Buyers were in evidence Bamu Fd HC-7

in all sections and the demand Instit Found

100

100 6303

48 6303

100 2

500 # 3911

500 @ 08

2003

covered a fraction of recent Mass Growth

4.06 0.00

11.42 12.40

of hedging liquidation.

Offerings were well absorbed

-Neuter.

Exchange rates

Reiners Wha

done the local

unamicini exchans. Yates:-

early steadiness on commiston Sterling notes (por £1) ..... **on notes (per £}) .. but later casca Indonesian Rupiah (per 100).. home buying. from the best levels as offerings, Siam Uzals per 1001

EMBARKATION NOTICE

R.M.S. "CHUSAN”

for YOKOHAMA, SHIMIZU, KOBE, and HONG KONG.

EMBARKATION: The ship will be berthed at No. 2

BAILS:

BAGGAGE:

Pier, Kowloon Wharf. Passengers should embaric between 3.00 p.m. and 5.00 p.m. on Saturday, 14th January, 1961.

The ship is expected to unil at 6.00 p.m. on Saturday, 14th January, 1901.

Should be sent to the Hongkong & Kowloon Wharf Co.'s Godown (No. 2 Gato), Canton Road, between 8.00 a.m. and 5.00 p.m. on 18th January, 1901.

י

SUBJECT TO CHANGE

Agonts:

MACKINNON, MACKENZIE & CO. OF HONG KONG LTD.

Telephone: 16211/9.

the open market in one form or Watson another-UPI

Increase in net income

2300 2001

22 3214 3500 CE 3ZIL

100 323

1200 or 321

1000 39%

500 or 8.30

640

0.40 7.00 7.70 1000 à 1%

2000 13 13.40 30 2000 13.00

Allied

Texilio

Inv: 3

Amrit.

Nanyan. 9-23 1000

2000

Telev El Fd Valua Line Tund Tuesday: Once

the VIP.

Wellington Fund market opened strong and many shares were marked up at the outset.

The turnover in Lights, Electrics, Trems and Cemnonis was above average of higher rates which after the infiini risa held their leyol until the close. Wheelocks continued thelr stendy rise and Textilies IC covered a little more of their. lasses. One of the features war 4.15 the

Amal- large volume of 15.15

gamated Rubbers at a steady 740

price of $3.85. Once again the activity was. widely spread and rises were general. The ap proximate turnover was $4,200,- 000.00.

500 13 26,80

300 À 25.00 100 1.925 25000 of 1.923

Ferry

103

10090

3000

130

107

100 197

10.40 18 3000 18.40

1000

10.40

5 16

Bab. Trust New York, Jan. 12. | Taikoo ... American Natural Gas Com-Humphreys

Realty pany management looks for on increase in net income this year Stor and a further rise in 1962, Mr Rolph T. McElvenny, president,

Wednesday: The general riso told New York security analysts. Hic Gas...

14.40 in prices continued and the This would be the result of the i

trading was more than brisk in - this hulf, day's trading. company's large expansion pro-

-243 2475 5000 e 2475 rose to $1,450 and buying t ramme, he added.

Textiles was keen and $125 million, in 1000 property in Inv.

American Natural Gas spent erwriter 30 11.10

petitive pushing the price ta over $0.00. The urul favourites Edditions and replacements, Mr. E.

Investu 1940 18.00

all gained further on heavy do- McElvenny said. This year the MacAd Rive. 1923

mand. The market closed at lis estimated that system construë- | Lan

Caid Maug. 2016 6011

strongest with an excellent turn- would be vibra tion expendijures

over of $9,470,000.00. About 50 lion-Chins Mall Special,

Unit trust

First Hongkong, Fund: Buyer Price: $1,05," Seller Price: $1.10.

Gilman

Anstey Canti

GERW.

44

43 24.15

200 41

Agreed merchant pase rates

Bolgian Francs,

selling: 156, d

Banke

com-

Thursday: The stock market pattern. followed yesterday's Interest was general with pre- dically all counters maintaining their previous stand, the ox- Maximuméeption being Wheelooks which shệt up to $10.80 later · easies jong dày, Amalgamated wRR

West German Deulschemarks, di-to" $19:10. Rubbers had a

Maxiiqumpelling :98%%%-

TRUE Marine Epic Of The South Pacific!

Hell Eternity

TAKE PI

to

HUNTER JANSSEN

VI

MATRIEIN

DAMONE OWENS

· RICKANO ETEN - HONNY LANEN - HUGE FARA

A ATLANTIC PICTURES PRODUCTION

„AM ALLIED AUTISTS ÉLISASE

HARRY ODELL OF THE SOUTH-PACIFIC I

THANKS HIS PUBLIC

for the

WONDERFUL SUPPORT

given to this

BOX-OFFICE CHAMPION

ALLIED

ARTISTS

PICTURE

NOW SHOWING

AT THE

ROXY

AND

MAJESTIC

HELL

TO

ETERNITY

JEFFREY

DAVID

HUNTER JANSSEN DAMONE PAFRIŠIA NEMAM EVER - SUN LAICO ` OWENS MAYSARWA BANKELANTRA PICTURES PADIUNION „ ́AN ALLIED ARTISTS RELEASE