THE CHINA. MAIL,
FRIDAY, MARCH 8, 1961.
WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE
HONGKONG STOCK
THE BUDGET INFLUENCE EXCHANGE
HK Bank
Lombard Wheelock
IK Wharf
a glance ✰ Stocks recover
Dividend
✰
The share market at
Feb. 2
Feb, B
Feb. 14
Feb. 23
1745
1915
1940
1875
March 2 1805
Up of Down ---10
Beitun Tirl (%)
$10
3.2
4314
46
48
4514
11.80
12
12.70
12.40
49 14
$2
4.4
+1.00
000
4.3
200
282
2886
202
202
atendy
€8
HK Docks
124
136
140
135
138
+4
910
Tarkoo Decks
74
ገር
7019
74
1414
+500
$2.80
3.8
Provident
27.20
27.20
28
20,40
26.80
HK Hotels
434
steady
$1.20
45
· 4711
405%
4844
+
$2.76
HK Lands
8214
8314
862
84%
8511
+1
HK Realty
2.15
2.125
2.175
2.195
2.15
+2.50
HK Trans
34
3441
25
3441
250
Htar Ferry
234s
222
200
2248
214
-10
$10.50
Yaumatis
13G
135
140
130
137
+1
$8.50
Ch Light
28.80
Electrica
3014
19.10 3234
3214
30%
31
+350
$1.10
37
35%
30
--50¢
$1.70
IK Telephone
4321
4614
481
450%
-760
$1.75
69!
70
BUL
GI
500
Dalry Farm
34
3531
A. S. Watson
45
1234
47149
AL
મઢ
Яicady
$1.50
43
4714
4714
489
404
-----134
$2.75
Int'l Investment
13.30
13,80
146
13.80
14.30
+500
700
Allied
0
8.201
9.10
0.90
11.30
+1.40
31
HK & FE` Inv
16.70b
17.70
17.40b
17.70
1740
200
000
7.05 12.806
8.16
8.15
6,05
13.102
13.20
13
-100 -200
800
G. L. Cement
Lane, Crawford
Textile Corp
Nanyang
1.55 12.106
3014
52.40
13.750 32.05
$4
$1.85
$1.10
CEG ZIBEREGERO ENELE
WALL STREET'S STRONG GAINS
New York, Mar. 2. fed strength to the feeling that 30 Industrials
660.30
Stocks rallied sharply its earlier selling and that the this afternoon and primary trend was still on the
rise. closed with strong gains for leading
the market had readily absorbed
20 Rails
145.63
15
Utilites
108.42
40 Bonds
63 Stocks
Common, future price
Index
224,70
143.08 -UPI.
Ford picked up nearly
two points to lead the motor group. chemicals, electronics, Republie and Youngstown rose aircrafts, motors and a point or more in the steels, special situations.
Nealing were fairly hen, especially late in the day when
prices were on the rise.
International Silver rolled up Marshall a dozen points and Field recorded by Litton In- dustries, Ford, Carter Products,
American Revlon,
Optical, Brunswick and Continental banking.
Sharp gainers included Unlon Carbide, Eaulman Kodak und Dupont among others. Even the lagiging rolls managed around a point,
one m
86.07
Rubber
market
Sugar market Opening quotations
Universal Oil products around two in its group, core products Zenith more well over a point in the foods. electroutes. Aleua over
than two in thei
the aluminiums and Lehn and Fink around two in the drugs. World No. Aircraft gainers averaged around a point.
after early 'jitters'
by
Our Own Correspondent
Business done at the Hong- kong Stock Exchange this morn- ing amounted to approximately $5,580,000. Noon quotations and the morning's transactions:
Buyers Sellers
Shares
inc bank
XD.
FUK Bank
Lon. Reg.
Lombard
Wheelock ..
The dominating influence at Ice House
Stroct during the week was Budget Day. Waf And the down-and-up stock market Talkon Dock trend reflected the attitude taken by investors on the occasion. Budget "jitters" brought a general decline in stock prices last Friday and Monday. But on Tuesday, the eve of the Budget presentation, prices rose, improved further on Wednesday, and held firm Dock yesterday.
Stockbrokers fell that Finoncini Secretary Mr A. G. Clarke's Budget would have no effect on the normal trend of the market which has been steadily rising in recent, months. They welcome the news That there will be no additional income or corporation tax this year.
1
the Wednesday: Trading today Provident ..
was limited to one and a half hours and one might have ex- posted only essential business done. Business to have been however was brisk and buoyant UK Hotel.. throughnut and gains were again
remained K Lond predominant. Banks steady, Lands recovered yester- day's long, while Gas, Amol- Rubber and Gilmans gamated
Another Tec Houst Street man put it this way:
"Confidence in future pros-continued to improve, the latter perity was reflected in the uat registering a new "high". Turn-
over was approximately $3,700,- Yaumati fern of today's (Thursday) tend-000.00 which indicates the pace Ing. possibly influenced by the of this short session. knowledge that industry was not to be burdened by any additional tax."
Sales
1863 1070
10 1973 30 1070
10 or 1870
30 ( 1885
101510
1350
200 4715
202
►
100 (202 190204
70 7714 01075
14.30 1415 1000 e 14.20
10000 14.20 2000 14.30
1000 or 14.49,
2830 ur 145 |
New York cotton
Now York, Mar. 2. Cotton futures fluctuated narrowly in slow dealings for the third session in a
now.
Apart from some trade buying and selling in the nearby de- tveries, following the issuance of 27 delivery notices, the trad- Joy lacked a distinct feature. New crop months were neglect- ed most of the time.
Closing prices ruled 4 lower by 6 points higher, The market. opened webanged to on 6 points. New Orleans closed cf e to up 2 points,
The 27 tenders against March made a total of 131 delivery notices today. The certifienteri stacic today totalled 48,478 balcs, plus 6,700 bales awaiting retetion. About half of the tenders were taken up promptly by apat interests, but the rest Orculated until about mid- afternoon.
1000 1115 The market's overall stability 0000 or 14.40 Wins helped by continued fr
A tho spot matets und
3000 e 24.40
16000 14.40 signs of
400 140
141
142
300 130
400 & 140
200 + 140
2000 6141
24.00
200 27
1000 († 27 1000 $ 20.00
500 0 .00
B00 20.00
170027
a returning buying Interest in the textile market,
How cotton exports for the Bagon totalled 4,230,303
balcy against 4,048,121 bales shipped to the same time
last season, according to the New
Cotton Exchange.-UPI.
404
49
400 of 4815
500 or 4924
4000 48%
0535
20 3300 of 83
000 ur 83
1500 * 85
Lane, Craw. 47 an
200 FT BA
400 # B65
..
2006 03
Int'l Invest...15
1000 80
137
200 137
++
New
131 250 * 130
400 131
HK Tram
3 1000
200 35
300
31
100 31
HK. Cas***
1500
500 t 500
X.D...... 3314 3516
Thursday: Confidence in fu- ture prosperity was reficeted in Ch. Light. 3074 With the recovery in the latter the pattern of today's trading, possibly influenced by the know- part of the week, there was an
ledge that industry was not to Singapore, Mar. 2. even amount of gains and losses be burdened by any additional Electric
were compared with
the previous tax. At one time buyers out- slightly lower and there-week.
numbered sellers by seven to after sellers were not keen stocks showed
On the China Mail list, 11 one and prices reacted in ac-
gains, 11 others and the market was orra- showed losses and the remain curdance with the law of sup- ply and demand. Gains were tic throughout the session Ing three were unchanged. widespread. Wheelocks made and at most of the times Most notable gains on the list the most rapid advance and end- entiroly one-sided.
were those of Wheelocks anded a little below their best due Telephone. Allled investments.
to some substantial proẞt tak- Interest in sales of 226 con-
lower sheet was Wheelocks reached a recording. Gas shures closed at their limited to two and three Ass, bigh of $14.20 before closing at strongest, Investment companies Murch.
$14. Last week's closing price improved, among which Gilmans The afternoon was very quiet † was $12.49, with prices tending to ease."
In London, the uber market caster with spot
New York, Mar. 2.
sugar futures today closed unchanged to 2 (points lower with sales of 47 contracts. Domestie No. 7 sugar Today's volume was 5.300,000 elesed unchanged to one paint shares.
lower with tracis,
Of a total 1,278 shares traded, 867 were higher and 405 lower. American exchange volume was 2,480,000 shares.
Bonds volung $8,760,000.
amounted
Dow-Jones closing
Brokers attributed the renew- | were:
to
Reports that Cubn had sold Iraq 20,000 tons of rays at the equivalent of about 2.73 cents
a pound F.A.S. Cuba, attracted was slightly market attention, along with 24-9 pence.
the averages in in
London spot In Amsterdam, the market market.UPI,
was quiet today-UPI.
THE UNION OF
SOUTH AFRICA
CROM
Soun
EXPORTS TO THE VALUE OF £700,000,000 U.S. $2,000,000,000 /M $6,000,000,000 H.K. $11,000,000,000
座
AFRICA
YEARLY!
And Is An Excellent Supplier Of Your Requirements including :——.
METAL INDUSTRIES
Steel, Iron & Pig Iron Mining Machinery
Rock Drills & Tipped Tools Agricultural Machinery &
Implemants Industrial Machinery &
Spares
Motor Spares & Accesories Pipos, Tubing & Fittings Taps, Cocks & Valves
Cast Iron Pipes & Covers Bronze. Bearing Metals &
Solders
Bollors & Condensers Wire & Wire Ropes. Bolts, Nuts & Fasteners ELECTRICAL INDUSTRIES Batteries
Motori, Gondrators &
Switchgear
Cable & Conduit Transformers & Insulators
CLOTHING & TEXTILES
Ready Made Clothing Fashion Wear
CUT OUT THIS COUPON AND SEND TO 1-
Footwear of all Kinds Blankets & Rugs
Worsteds
Allied closed at $11.50, an In- crease of $1.40 on the previous week's quolation.
The leading share, Hongkong Banks, lost $10 at $1865.
The market closed yesterday with a strong undertone, the volume of business amounting to about $10,600,000.
The turnover for the week under review (last Friday to yesterday) totalled about $36,000,000, compared with $36,000,000 for the previous week.
Market diary
45
40
200 or 15%2
200 ir 10 200 or 45%
200 $0
(New) 409
**
in spite of going Ex. Dividend marked up yet another rise. The
market closed in a buoyant mond G.. Cement with a turnover of approximate-Dairy Farm 374 372 ly $10,000,000.00.
U.S. INVESTMENT QUOTATIONS
The following are U.S. Invest- ments as in American dollars, Buyers' prices include commis- slon:
Sellere Buyers 0.02 0.00
Amliated Fund
Atom Dev Mut
Friday: Early trading was Am Bus Bis very brick and prices were Axe Hought 8 steady to better.
Baks went Bullock Fund
Ex Divid, but the price did Canada Gon Fund upt reflect it, and held
their Canadian Fund
Canadian Ini, Growth price throughout the day. Chemical Fund Movement became Irregular before mid-day and some proft Lalcing cased prices somewhat. of Land's dividend and new issue jacked the price to a maximum of $88 which cased gradually, on profit taking. Rubber eased a little but Gil-
The
jupend
news of
Commith Stock Dividend Shrs Drefus Fund Exton & H. Stock ectronics inv Founders Mut Fd. amit Fd IC-7
Thatll Found
Instit Growth Instit Income Invest Tr. Boston
mens continued their steady ad- | Keystone Cust Di vonec. The day's turnover of
Keystone Canada Mass Iny, Tr. approximately $7,350,000.00
Mass Growth completed the month's trading at
Not Sec. Bar GS a record monthly turnover of Scudder St & CI over $150,000,000 which sur- Telev El. Fd. passes all previous records by Value Line Fund
V.In more the $30,000,000 in spite of Wellington Fund the relatively few trading days
in this holiday month.
Dividend and Bonus An- nouncements during the week: H. K. Tramways Final $1.45 per
Wool, Raw, Scoured & Tops share. H. K. Land Final $1.20 per share, H. K. Land New Is- sue, 1 new for overy held at PAR ($25).
PACKAGING
INDUSTRY
Paper Bags & Paper Sacks Cartons
Moulded Containers Egg Trays
AND MANY OTHERS !
The Senior Trade Commissioners for the Union of South Africa in East Asia.
1st Floor, KPM Buliding, Robinson Road, Singapore.
Please send me the names and addresses
of South African Exporters of:
The name and address of my firm is as follows:
NAME...
kert halls hát vền till kot tudi sam - ADDRESSI
C.A. 13.81
5 shares
Monday: Trading was a little lighter than of recent weeks and the market was in a more se- Iective mood. Mast stacks re- corded easier prices, especially Banks, Landa and Lights all of which were done in some vol- ume. Wheelocks after
losing some ground In the morning staged a late rally and actually finished higher on the day. Ho- tels also gained slowly after an uncertain start, the rhe probably being due to satisfaction at the dividend declared on Saturday. Many sections were dull. Turn- over was approximately $0,350,- 000.00.
X.D...
40
HK & FE Inv. 17.00 10.20
Macao Elec. 1312
York
31300 or 2.173
1000 220 146000 or 2.173
4000 2.20
40000 2.175
2006 4811⁄2
B0047
4000 or 1455 £000 1 11.5
1000 14,00 2010 4 15
500 17.70
000628,80
tay bla
500 10.80
200 19.30
200 or 10.00
3000 kr 10,00 1600 60 20
1410 64 20.50
4203 & 20 30
1209 a 20.00
1000-ut 20.20
20:00 LA 120.30
1300 or 20.20
1300 GA 2010
500 Gr 4534
23044 400 43 4000 44 100044
250 - 43%
Gilman X.D. 4.20
V. Waterboat Underwriters
Hope
Bircere
2000 20.30
4.35 22000 24.10
.13.60
Trong Sang IIOTE 201 Wing On Entertainments
Vibro
Sunzala
4000 4.80 2000 43
A4 500 32
Exchange rates
70
1000 0015
7500 G 77
1600 i 37
Watson
Ailled v. 12.30
1000 a $1.00 1000 or 11. 1000 62 11.00
190 12.10
1000 12
2000 tr 12.20
1000 or 1236
3003 or 12.30
200
1.50
Business was done in the local nomeln exchange markei merning of the following rater
this
U.9. dollar per $1)
Australian nates (per £11
12.74
3000 or 12.40 2000 or 12
3.20 3915 or 6.05
5003 or 0.10 700) or 3.15 10034 13
400 12.00 2000.10 2000 or 13.20 1000 or 7.30
1000 7.15
Sterling notes (per 1)
Indonesian Rupiah (per 100) Stem Heals (per 100)
Singapore (Straity)
Agreed merchant
rates
Canadian dollars maximum
211 500 m 27.Tolling 17-3/32, minimum bay- ing 17-11/32 T.T. 17-13/32 OID.
2.20 2500 ib 2.15
Texilis
Nanyang 11.20
1.10
4.18
$92 9.20
13.07 14.98
14.81
16.01
Amal. Rul. 4.76
Rubber Trust
X.D. Humphreys, 27.05
7.05 7.20
A
B.49
77.34
18.70
Realy ....4.15
11.35
11.70
0.37
12.30 13.44
21.98 23.08
35.57 10.05 14.34 15.50
15.74 15.10
0.48 19.36
10.30 10.50
8.33
9.00
7.12
7.78
11.70
12.50
10.10
Chicago
grain market
Chicago, Mar. 2. old crop,
Boybean futures bounced off a 10 cent limit declino from timo to time today on tho Board of Trade but with- out mounting more than slight rollies.
In the early afternoon, most of the contracts again had be- Tuesday: Retent reports of come wedged at the bottom caution in the market due to with trade virtually at a alend- Budget "Jitters" were disproved | still: The new crop months in no meat fashion today, the were down around 5 cents. bye of the Budget statement. At the finish all old crop Useful gains were marked in auybeats months were off the every section almost without ex- limit of 10 cenia a bushbi: Die ception on a general upward, now crop months 19% to 3% surge caused by a spate of huy- lower, March 2.08700; Wheat ing and a dearth of sellers. to higher, March 2.09%; Wheelocks were outstanding, cor lower to % higher, passing the $18 markt for the March 1.183⁄4; osis 1⁄41⁄2 lower to first time closing at $18.40 buy-¦ ¥ higher, March 0299; mye fa ern with no khares on offer. higher to 4 lower, Match Utilities were in demand, both 1,10%+AP. electric companies doing good business and das shpres camo back into the money. Rubbers Improved with the general trend arat Gümans continued to in- provo. TI turnover was ap proximately $7,000,000,00 for the day which closed at its strong- est and busiest,
Unit trust
Firat Itongilong Fund; Duyar Price: 91.#7. Belier Price: $1.35.
PASSPORT
TO SECURITY
LOMBARD.
BANKING
İŞLİMİRCU
VAN BANKERS'
· CİN
Atstarventer Las
"DEPOSIT. PARAHOOK
BANK DEPOSITS WITH LOMBARD BANKING cam a steady 5% Interest in natured Security, without deduction of United Kingdom income tax. Ask the Manager of your local Branch or will the General Manager at Head Office for your copy of "Bank Deposit Account" Booklet No. AO 74
Assets Exceed £100,000,000
Open a 5 BANK
with
DEPOSIT ACCOUNT LOMBARD BANKING
LIMITED BANKERS
SIRINĀRS ADVIL, BURENS STRKÉT
LINEART RANKIN ITAR LANTLID
KIBRATORS. Modem: 19326"
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