1961-01-20 — Page 2

WEEKLY REPORT ON THE

THE CHINA MAIL, FRIDAY, JANUARY 20, 1961.

HONGKONG STOCK EXCHANGE

STOCKS AGAIN

☆ The

HK Bank Lombard Wheelock

share

41

D.G5

90%

10

glance ✰

Up or

Down

Dividend ,Wield(%)

marked at

Dec. 22

Dec. 20

Jau: 5

Jan. 12

1445

1445

1435

1455

Jan. 10

1400

& Bonus

+3

540

3.5

42

1234

403%

4114b

+1

$2

4.8

0.05

9.65

10.10

10.60

+500

03

6.5

IT Wharf

208

2748

272

2701

-%

$8

HK Docks

110

115

110

124

+5

$10

Taikoo Ducks

71

70

73%

75

+1%

$2.80

3.7

Provident

23.70

24.10

23.00

24.30

24.00

+30c

$1.20

HK Hotels

413

41%

415

41%2

411%

steady

$2.75

0.3

HK Lanla

734

1512

75

Jaky

78

+1

$2.40

UK Realty

1.90

1.925

1.90

1.90

1.00

steady

13.700

HK Tratri

331

3331

38

3314

3414

+750

$2.05

0.3

184

162b

182b

195

200

+11

59.50

4.0

Youmatis

117

118

117

120

126

+0

$8.50

Ch Light

201

20.80

20.20

27.00

30

$2.30

$1.10

3.7

Elrotrich

2014

29.70

20.70

3016

3214

+15%

31.70

6.6

HK Telephone

3814

381

38*1

3011

40%

+780

$1.75

4.5

G. I. Cement

03

044

08

0812

+50c

5.B

Dairy Farm

331/

3341

3194

3214

33

50e

91.15

0,7

391%

30%

3014

3046

4024

+750

$1.50

1.0

43n

42148

4214

+50%

82.75

0.7

10.00

10.70

11

11.40

11.70

+-30c

750

0.0

8.10

8.15

7.80b

8.201

8.35

+350

St

11.0

14.28b

15

15,60

15.30b

18.20

+000

90€

5.0

*

13.70

8.10 13.00

71

7.55

80€

10.0

13.80

13.00

13.10

---50¢

$1.10

8.4

Star Ferry

A. 8. Watson

Lane, Crawford

Int'l Investment

Allied

HK & FE Inv

Textile Corp

Nanyang

US INVESTMENT QUOTATIONS

The following are U.S. Invest- nent as in American dollars. Buyers prices include commnits. sion:

Sellers Buyers

New

7.85

4224

York stocks

advance slightly in heavy trading

Amilated Fund ......

Am Bus Shre

7.54 427

Axe Bought t

1.27

Bullock Fund

£2.34

24

Canada Gen Fund...

14.09

Canadian Fund

13.34

17.72

Canadian Int. Growth

10.34

Chemical Fund

11.20

12.20

Dividend Sh

3.05

3.34

Dreyfus Fund

14.30

10.03

Patons & 11. Stockt

12.37

13.44

Founders Mut Pu...

FDA

12.04

Hamill Fd 1-7

$27

5,70

Inntis Found

10 03

25.80

Tosti Growth

101.04

11.85

Inst incune

6.25

0.01

Keystone Cut he

$130

23.50

Keystone Canada

14.43

15.50

tasy Inv. Tr.

130.68

14.60

Meas Growth

13:30

10,30

Nat See Ser Growth

0.30

0.60

Scudder S & Ct...

18.00

10.09

and active at the opening follow Ing yesterday's good rally. remalued narrowly higher to the close,

It

Priey El Fu

730

Value Line Fund'

0.34

$0.04

V.

Wellington Pand

14.20

1

16.43

Japan textiles

New York, Joel, 19, The Japanes textile dus- try's share of the US cotton fabrics market declined around 11 per cent in 1980. according to preliminary year-end figures of the Japan-US. Textile In- formation Service.

Were

Sightly over 10.000 million

rution fabric yards of available for consumption in the U.S. make last year, and of His letal, 80 million stuart yatly, Jers than geven per putih, Intered the U.S. froin Japan. the agency sald.-UPL

New York, Jan. 19.

The stock market advanced slightly in very heavy

trading today.

The market wa; a little higher !

Chicago

grain market

Chicago, Jan. 19.

London stocks rise on

GO UP broad

front

London, Jan. 19.

Wheelocks and Stocks moved up along a broad front today paced

Banks attract

buyer's

The local stock

market rose again in Gains were

heavy trading this wook.

registored

exception

in all shares

of

the Cottons

declined to lower levels.

with the which

The volume of business for the week under review (Friday to yesterday) amounted to approximately $32,340,000, FL big increase over the previous

week's Byure of $17,320,000.

گرفتم

The

by steels, engineerings, textiles, tobaccos, papers and stores.

in the dorrentie credit

011

consumer

Wall

durables, shortage of stock and Street's overnight advance.

Gold shares had several bright

www.

0

rise WN3 lati to pots but lacked lustre as

cose-up group, platinums and coppera hopes of an imminent

tirin squeeze firmed but

cused. a rubbers and teas finished higher. Government bonds made A mixed showing and foded after Britain's bank rate stayed un- changed. Greeks firmed in the foreign sector. Doll, r stocks stages a broadly-based advance led by a 3 polni gain in Bethle- hom steel-UPI.

HONGKONG STOCK EXCHANGE

Our Own Correspondent a

with a day's

at the Hong- this Exchange approximately

Star Ferries leapt for the The market closed even stronger second week in succession. Yes- thnu it started terday's closing price of $200 turnover was an increase of $11 over the $6,000,000.00. previous week.

Other good gains were re- gistered by Yaumati Ferries, Hongkong Docks. Taikoo Docks, China Lights, and Hongkong

Electrics.

of

Business done kong Stock morning amounted to approxi mately $4,020,000. Noon quota- tlong and the morning's trans- Betions:

Share Buyers Bollera HK Bauk.. 147 1480 E. Asta ....

200 414 Lombard Taikoo Lock

1 Gan

Monday: The feature today's market was the sudde surge in the price of Amal- grinsted Rubber. Opening at $6.20

rapidly Loger deman pushed the price to $0.35. Over 50,000 shares changed hands, the price casing fractionally, t

due to mailed Banks the afternoon

proft aiding. Docks gained 4 points to $123, Coments rose tơ

$70, Lands to $77, T: koos to $75% all of which held steady to the close.

The interest was agures | ***..

All Dock spread throughout well Sections and the market closed was Banks at its strongest. Turnover

approximately $0,100,000,

Investors have been showing big interest in Hongkonis Bank

and Wheelock shares, close frm at $1,400, the highest on record. Wheelocks closed at Groin Futures finished most-$10.80, 3 Fain of 50 cents over

ly lower in moderately the previous week, active dealings today an

Comparative closing the Board of Trade.

show the following:

Irregular Soybeans closed after prices hit an erratle course In heavy trading.

At the final sell, wheat was of 2 up ; soybeans off 1 to up 14. Alfred E. Perlman, President

Wheat Central, mean- of New York

re-

rallied following an while confirmed a rumour that early decline of scattered selling Central was a buyer of B&O and stop-loss orders.

1ock and said it world' co11-

Wheat and flour export atinue to buy the stock, Centrat

recently lost out to Chesapeake since July 1. according to

311 million lolalted & Ohió in a bid to merge with ports, 10.

210 milion o bushels against After the close, the exchange year ago. banned all "stop" orders in

The United Arab B & O.

Nailonal

485,000 Theatres was the purchased most active, up at 54. on wheat. 104,200 shares. Second was

Soybeans rebounded from an Duquesne Light, off 4 at 20 on openingt plunge of up to 3 cents 102,300 shares Third American Motors, up at 17 bushel-UPI. on 80,400 shares.

Most galas ranged from few cents to around one cullar ashare, and there were a good many loers is the same range,

After being strong mos! the day, the rails gave ground clused in the final hour and lower un average, The indus- trials were up slightly and the utilities down a bit at the close. The Associated Press 08-stock average fell 20 to 229.40.

The Dow Jones 30 industriais were down 1,71 Rt 032.30.

Volume

rose 1 4,740,000 4.390,000 shares compared with shares traded yesterday.

IMO <pened about 70 minutes iste, traced for a few minutes en huge blocks, then failed to trade for the rest of the day, On the last trade its regular common was up 2% at 40 and the "stamped" was up 37% at

YOUR OPPORTUNITY

TO INVEST

IN STERLING

Make your money, carb more money in the Security and Strength of Lombard Banking.

Open a Bank Deposit Account

at

5%

Interest per annum, paid half-yearly, without deduction of United Kingdom Income Tax. Write to-day to the General Manager for your copy of "Blank Deposit Account" Booklet No. A.O. 74.

LOMBARD BANKING

Inte

LIMITAD BANKERS

LOMBALO HOJAI, KURION STÉLKU PARK LAJW, LORDON W.1

· Aivociated Bande z LOMBARD KAMENICIAN FAKTI LYI FICATION 90GJE, NATTEKI QUAY

à Wald-Wide Booking and Prance Erranisation

พาร

Next come General Electric, of al 6734, and United Fruit. upnt 21.

Metro-Goldwyn-Mayer gained 1%, U.S. Steel 1, American Telephone 7%, and Eastern Air Lines 1%.

Air Reduction fell 24, Dugon! 134, Union Carbide 114, and Merck 1-AP.

Closing prices

Akliibi Pur. & Paper Alan Steel Carp. Ani. Mach, Be Pdry.

Ala. Natural Gar

Asbestos Corp.

Republic bushels of

New York

cotton

New York, Jan, 19. Hedging and liquidation in cotton futures were ab- sorbed through mill and local covering,

came

Banks: Hongkong gained 55 ct $1,400.

Insurance: Lombards rose by $1 at 541%,

Utilities: Trams gained 75 cents at $34; Star Ferries jumped up by $11 at $206; Yaumatis rose

rc-

1-

Wheelock

Balti

200 1480

50 1430

74 75

2007533

.. 10.70 10.30 1500 101

1000 10.60

3070

18.74

• 10.60 19.70 2000

10.00

2000

10.a

12500 10.80

2000 19.79

124

125

3000 of 10.00 4000 e 10.60

200+ 123

300 L 124

250€ 124

230 123 3000+ $24

100024.00

2000 or 24.70

Provident

. 24.80

24

1000 24.80

42

4214 2000

1500 at !

75 703

300 421 200 7815

Tuesday: The morning session was one of the busiest on cord and prices rese en a wide HK Hotel .. front. Utilities

generally

attention UK Land rasted most of the particularly

and Youratis

rose Star Ferry

57 $6 at $126; China Lights Im-China Lights.

Shipping: Wheelocks gained 60 cents at $10.50.

Yaumal

-

(New) 321

127 123

122

Tram

34 342

C. Light

30 30%

proved by $2.40 at $30; Hong- to $204 before easing to $202 at kong Electrics gained $1 at the cicas. Another 1: rge $324: Telephones gained 75 volume of trading was deng in which cents at $40%.

Analgamated Rübbers

meadily held yesterday's goins throughout the day. Cements were D shunda easier. Most ille during Docks, Wharves and Godowns; I counters eased a

to duc the afternoon ession Wharves lost $2 at Hongkong

taking. Turnover some profi $270 (nominal): Taikoo Docks

at increased by $12 at 375: Provi was one of the largest ever approximately £8,030,000.00. dents gained 30 cents at $24.60;

The Wednesday:

trading during this half day session was prices brisk but irregular an

irend. est blished no definite The largest volume was done in China Lights and Amalgamated Rubbers, the forme: touched $20 while the latter aller lesing ground come back and reg ined the loss closing with a host of buyers and an absence of sel| Electric lers. Textiles were busy at ย and Wheelocks constant price were marked down frzellenally on a small turnover.

Tands, Hotels and Buildings: Hongkong Hottis remained steady al $414; Hongkong Lands gained $1 at $78: Realties re- mained steady at $1.00;

Industrials: Cements improved

by 30 cents at $08.

Stores: Dairy Farms gained 15 cents a $33; Watsons went up by 75 cents at $40; Lane, Crawfords gained 50 cents at $424.

Investments: International Investments gained 30 cents at s11.70; Allled went up by 35 cents at $8.50; HK and FE invest- ments increased by 90 cents at $18.20.

Some buying

into nearby months on 4 higher report by the expected U.S. Cossus Bureau on Decemn= | at 40% ber cotten consumption.

03

Am. Sugar Ret.

2012

Bank of Montreal

than

Bank of Nova Scotia

011 ***

Beech Life Savers

B. C, Tel. Co.

47!

Bell Telephone

Bus Amer. Cl

we at 726,023 running bales.

33

311

23

The trade looked for a figuro around 895,000 bales.

182

Cat. Tractor

Celanese Corp.

Corning Glass Works

Creole Fel

Distiller-Seagrams

Dominion Stores

Dow Chemical

Family Finance Corp.

Ford Motor Cn, of Cana,

Georgia Pacific

Gen. Pub. Util.

Gen. Tel. Elec,

Great Northern Railway

Heam Walker

Imperial qil

Imperial Tobacco

inden Steel Co. Lily Tellp

Lowenstein & Sons. Mexabl Iron Corp. Motorola Inc.

National Dairy Prod. Noranda Minín Lid. Owen-Illinois Clara Philip Morris

Portland Gen. Elec. Publicker Industries Paro Oll

Royal Bank of Canada

Saint Reg. Paper

Schenley Inc.

Scott Paper *****

South Puerto Itico Sugar Southern Natural Gas

Paclite Co.

Co. of Canada Alone & Webster United Frull

The report placed December

Dealers said that demand ter

continued;

IG US. Export cotton

good.-AP.

Electras for airline

A modified Lockheed Electra

turboprop airliner

arriving today in Hong- kong from Burbank, California, for a two-day stopover enroute to Djokarta.

The aircraft

Agreed merchant

rates

Canadian Maximum Selling 17-11/32, Minimum Buying 17-10/32 T/T; 17-21/32 O/D.

Cottons: Textiles lost 30 cents 87,55; Nouyangs declined by

50 cents at $13.10.

Ferry1

Market diary

Friday: The market still grows hrd buycra Again stronger chased the elusive rollers up the price ladder. Both Amal-

and Rubber gamated

Trust recorded

Star Fair, while

the $200 nearly touched martt More

100,000 than Wheelocks were done at prices up to $10.40 and at the end, the list of buyers for this stock were too long to be accommo- dated or

the Trading Board.

Turnover was approximately $4,500,000.00 which for half a day was considerably higher than usuc!.

32 12

מד 6 1200

ELD 4 TD 3300 1011⁄2 4007012 2400 19 6.00 7D 200187 430 127

1000

120

17003015 1700 CT 30% 1500 ( 304 1000 47 31 500 G 31 10003012

2000 1301 1000 * 30! 1000 30

200 a 30%

sabe en 30

200

500

Telephone

40% 1021 .

(New) 301

500

3000

100

1000

•

Cement

Farm 3775 Watson.... 40% Ailled Inv. 1,55

Thursday: Another day of very brisk trading resulted in a predominance of gains. Buyers again outnumbered sellers and of the the light pret taking previous day was scon made up and pissed In most sections. Banks reached a new "high" of Nanyang.. $1,400, and Wheelceks after a A. Rubber.

Textile

TH

1.63

Coo

10000 3500 * GO!% 33405033

11640

1.00 1400 je 8.55 2000 * 1.53

754500 1750

13.50

1000 et 7.55

800 g 13

0.003 7000.00

7000 0.00

Closing prices

British Government Securities 21.

Conversion-

3%. Šaving 1055/65-EDUCA

1063/70——————£76.

35. War Lea53-11/10,

Oyenesa Borde

A German Dawes)=£97%. 55%. Japanese, Assented-£139.

Banke & Insurances Патаул Onrd-003. Chartered Bank-31s 3d. Guardian Assurance-1211 341, Hongkong innk-£75. Lloyds Bank-70%.

Lombard Banking Ord-18.

British Petroleum-40%. Blurnal O408.

Royal Dutch-£13-5/10. Ultramar Company-201 33.

Steele & Engineering

Babcock & Wilcox Ord-dis Tou United Elec-1.

Vickers Ord-208 $11⁄2d.

Electric

Assoc. Elee, Industries-419 60. Elec. & Mus, Industries-

Vicelle Ord-33

C! Electric, Ord-724

Út.

m.

Phlips Lamp Work--E 10-12/16. Industriels

Ansor. Portland Cement-714, 15%d. Dimtop Rubber Ord-20 192. Turner & Newall" Ord—609" 7150. Unilever Ord-155 t..

Asoc. Brit. Pictures (0 105. Boeruman, Marden Ord-95 Tsd.

Bumx (finidings) -105 60. Gilman Ficklings) Or Standan-Tmph-138 4. Hudson's Bay-716, Wertland Aircraft-ie Bide

Chemicals

Morviento Chemicals Ord-20s Gu. Imperial Chemleat Ord-70s 25.

Paper Bowater Paper Brd-Wa ad. De La Rue Ord-07a.

Tobaccon Arlish-Amer. Tab. Ord-te 3, Imperial Tobacco Ord-70 1014. Motors

British Moler Ord-15% 30. Rolls-Royce Ord-425 01. Hawker Siddeley Ord-29 150. Textiler

Coat & P1) Ord~£8• 4!4d. Courtaulds Orlando 16th. Lancashire Cottons O-73. Яtorr Great Universal Ord-62s. Marks & Spencer "A" Ord-1023 માં..

Woolworth (F.W.) Ord-30s 419.

Miscellaneous

Baumaker Om-21a 14. Fourkona & China (131 Indo China Der, Ord-245 154. P.&O. Sicam Nov, Def-40%

GJ.

Kitne

4:58.

De Beers B-57

Pelning Tin-99.

ille Tinin (FOREST) 11.

Indbets & Teas

Anela en Pont, did. Ceylon Ten On-201

Imperiol Trp Ord-34% Ock. Kuola Lore-Kong-3s 7. Lambak Rubber-451.

fruter,

OFFICIAL NOTICE

Proposal to change a Ship's name

1, Sui-Loong Pao of 19, Juva 40% Road, 2nd floor, Hongkong hereby give notice that in Consequence of Change uf Ownership, 1 have applied to the Minister of Transport and Civil Aviation, under Section 47 of the Merchant Shipping Act, 1894, in respect of the British Steam Ship MAHSUD of Hongkong Re- 7.43 7000 7.65gistry Official Number 188460 20.30 20.30 1300 € 201

30040 Gross Tonnage 7161.38 tons 1.00 26000 120 Register

4230.35 Tonnago 15000 1.874 tous, heretofore owned by Thos. and JRo. Brocklebank Limited, Cunard Building, 110020 Liverpool, 3, for permission to change her name to Marine 23.00 Traveller and to have her registered in the now time at the Port of Hongkong, 28 owned by The Grand Shipping Company Limited, 4, North Foint Terrace, 2nd Floor, Hongkong.

Renity

****

1.075

200

20

very quiet morning at steady. TrUSE .. prices rose rapidly in the after-lumonrega

$10.00. China noen ression to Lights louched the $30 merit on hovy

Bath trading.

Ferry improved, while Companies among the Rubber shares, Amal- gamated ci further heavy trad- ing rose to $0.50 with many buyers

unsatished. Turnover wes approximately $7,110,000.00.

COMMODITY PRICES

COTTON

LIVERPOOL

Closing prices all in pence per

Americain Contract Mar! 22.50; May! 23.30; July: 23.00; Oct: 23.00: Dee: 23.00.

Mixed Contract

38ar: 29,251, May: 2305; July: 24201 Oct: 2123; Dec: 21.25-UPI.

RUBBER

SINGAPORE

Closing prices all in Stralis

the first of cents per lb. 106. Malayan corts throg w Electra purchased No. 1 Feb. by the Garuda Indoncala Air- ways for its new services to No. 2

No.

Hongkong, Indla and Japan In No. the near future.

Fou

•boy Apot biber unbated... 8135-0135

051+00 On board Garuda plane, landet crepe piloted by Captain Cidney of 90. I pats erepé

Lockheed, aro nome 20 Goruda and Lockheed technical .par. tommel.

Settlement house term:

LONDON

Closing prices, all sterling per long ton:

Tin

No. 1 Rss spet .....

Jan Mar

Apt./June

July/Bepi.

2414-246 244-2434

Buyers Sellers

Nov/De

Jan./Feb.

Feb. Max. Estate crepe thin Jan

246-2415 General markets, clf. bagle, ports:

Copper 24-241

Stat 24-2611

3-monit 251-25% | Lead ist half ** thick J. paid Feb.

2-month AMSTERDAM

Zine 1st half

Feb.

3-month

Spot

70215

3-month

780 1/3

Closing prices all in guilders per kilogram, c.lf. February: No. 1 rubber ***

No. 2 rubber

No. 3 rubber

No. I crepe

2.31 buyers 131 buyer **Buyer RAÐ term

-UPI.

METALS

FOREIGN EXCHANGE

LONDON

-UFL

Closing raton:

New York Montreal Amsterdam

2.bo fisib-2.30 19/10 @BETA2.50

10.8094-10.30

13030-19:00 193510193816

FIMILITE 00:00-00:39

NEW YORK

Cloudly prices all in cents per | grusem 4.

1419

lb.:

· Feb,

2300

JAI.

LONDON Closing ces sit in penco DET

Copper

| 13

Copenhagen

Frankfurt

20

: Taason

1.30

OBO....

-19.05 stoendotin ran

10.70 Milan T

Viewing

20000 e 1875

200 200

Star Ferry. HK & FE

inv...... 10.20 1060 Oliman

21475 2 si

1000 ZÁ 0000 48 2.473

200

U. Waterboat

Int'l Inv. 11.00 11.50

Peak Tram

Funy

Paid m

Party Pald 38

Macao Elec. 13.30 L. Craw.. 45

ford.) Entertain...

Cala Maeg.

Vibro

* 5. *

35

Any objection to the pro-

Exchange rates posed change of nathe must

*** market

Business was done in the locat be sent to the Registrar of this Shipping at Hongkong within 6.75'soven days from the appear- 14 ance of this advertisement.

morning at the following rates:

Rollar (pver #1).... Blerling notes (per £1), Australian cotes (per eli Indonesian Rupiah (per 100).. Blamical (per 100) Singapore (Btraits)

Unit trust

First Hongkong fund: Buyer Prics; $1.10. Seller Price: $1,17,

12.05

ho

20.33

Dated at Hongkong the 19th 1 of January, 1981.

THE GRAND SHIPPING COMPANY LIMITED

B. L. PAQ.

Director.

CANADA

leading Import firm would buy large quantities of knitted Holdwear for Tadled and children.

Airmail samples (a fälnat charge) to: CANADA STANDARD CO., 445. St. Helen St., Montreal, Canalia.