1961-05-26 — Page 2

WEEKLY REPORT ON

MARKET

Only a few stocks

stay firm

The local stock market drifted lower during this shortened business week. Business was closed last Friday and Monday owing to the typhoon weather and the Whit Monday holiday respoc- tively.

Trading opened steady on Tuesday morning but eased a little at the close, although the under- tone was strong,

There were further declines (11) Wednesday and yesterday morning but prices hardened at the close of business,

Hongkong Banks went down to $414, the lowest level since live weeks ago.

New York

cotton market

Now York, May 25, Trade and spot house buying

in the nearby July do livery climaxed on other- wiso quiet and featureless trade in cotton today.

futures

or

The few shares to remain Cottons, the strong were the Investments and Star Ferries.

Volume

of business for the 3-day week amounted to about $17.040,000 compared with $30.- 200,000 for the previous 5-day werk.

Market diary

Long

✩

THE CHINA MAIL, FRIDAY, MAY 26, 1961.

THE HONGKONG

STOCK EXCHANGE

DRIFTS

HKC Bank Lombard

Wheelock HK Whart

HK Docka

The share

Talkoo Docks

Provident

HK Hotels

UK Land

HK Realty

HK TramN

Star Ferry

Yaumatis

Ch Light Electrics

HK Telephone

G. I. Cement Dairy Farm

A. 8. Watson

Lane, Crawford

Int'l Investment Allied

IK & FE Iny

Textle Corp

Nanyang

HONGKONG

LONDON

STOCK

MARKET

LOWER EXCHANGE

market

May 11 **430*

May 18 420*

a glance ★

Dividend

& Bonus

800**

13.750

Yield (%)

2.0 4.0

J

£Our Qün Correspondent:5

MIXED

Legden, May 25.

ond

Business done at the Hong Buyers held back today in kong Slock Exchange this to appro- amounted morning ximately $4,700,000. Noon quola- tions and the morning's irana- actions:

Bbarer Buyers Sellers Bales

110 4FD 743 p 418 200 418

1 Bank..

k, E. Sin

1200 - 73

TO 2034 v 50

73

21.00

ad

April 27

May 4

May 25

Up or

Down

430-

430*

414*

-12

40n

50

51

B2

40

$2.25

15.00

14.00

10.40

10.00

10.80

-200

600

3.

380

408

408

392

зав

$18

3.1

118xd

78

130xd

110

110

114

54

3.5

70xd

2616x

2436

73

*$3.20

4.2

20.30

013

3419

34

42-4

$1.30

4

UK lank

Lan, Rex.

4814

4814

4754

47

40%

$3

&.1

TO

ศร

7014

75

74

$2.40

3.2

2.40

2.45

2.60

2.770

201

3914

3014

4054

3034

381

$2.05

$72

Wharf Co.. 303 Tatkoo Dock 7239

201

208

201

204

214

$10.50

5

140

130

136

130

135

$9,50

1 Gas 214

4.5

3714

3721

38

3714

JOM

-500

$1.10

3

371%

18

3814

372

3791

steady

$1.70

4.5

Wheelock

10.00 10.00 1000 10.70

404

13

B014

54

521

-14

91.75

3.3

6714

0814

07

6014

6614

steady

54

5.0

HK Dock

30

3914

39

41/

3914

-2

$2

5.1

Provident

112 334%

114

1030 er 113

1000 331

44b

40

等

40

40

----500

$2.50

3.2

H Hotel

- 4014 482

53b

0219

513%

BO

6136

-4-1

$2.75

5.3

1414

14.70

15

15.70

15.70n

steady

150

HK Land

12.10

12.40

12.60

12.40

12.40

ntendy

$1

8.1

28.30

21

25

20.00

28.401

-200

000

3.4

8.20

8.30

8.30

81

-5c

800

0.7

400 74

14.30

14.70

14,90

15.10

+20c

$1.10

49

3000 40

Youmati

138

1700 or 135

200 ur 135

HK Tram..

30 3016

100 + 130

350 33% 500 - 30

*(Sub-divided into five shares)

**(Before aub-division of shares)

8.40 14.00

WALL STREET STOCKS

New York, May 25.

Stocks declined moderately today, closing at their lows while volume slumped to a new 3-month low.

The Dow-Jones Industrial | Cat. Trector

lower, chiefly average pointed

around

DECLINE

South Puerto Rico Sugar Southern Natural Gar

Twentieth Century Fox Film

45% Union Carbide

Union Oil of Cal

Union Pacifle Raliway United Aircraft

82 United Fruit

35

Poni,

Consolidated Paper

Chrysler Motors Commercial Crea Corning Glass Works Carsoldated Elisuu

439

-10x

Southern Pacific Co, Standard Brans

170

12%

Standard Oil of Cal. Standard Out of Ind.

sa

42

and

Consumers Gas

223%

Creole Pet

35

Crane Co.

Disillers-Seagrams

Tuesday: After the typhoon cun holiday rest the market opened selective but strong. Very soon this strength spread until the trend was general throughout the market. Wheelocks soon left the $17 much behind while Reales reflecting declines of notched up $2.00 which is their two points in a variety of blue

includlag Du highest Ex Rights mark. The chips Cutton group showed a healthy Owens - Illinois

American Telephone. trend throughout. Nearly ali stocks lost some of their early gains towards the close, but the undertone was strong till the

Turnover was end. $3,200.000.

Glass

The dedine in the more com- prehensive Standard and Poor's index

reflecting was limited. approx.firmness

in heavily weighted drug and defence issuCI.

were shaved in the Anal hour.

Today's volume was 3,700,000 shares.

volume

Of a ictal 1.274 shares traded, 543 wore higher and 483 lower.

American Exchange was 1,850,000 shures.

Bonds volume $5,770,000.

Wednesday: The market was The latter were aided by the generally easier in this hol day's trading, nearly all stocks President's request for a further space and military being affected by the quiet cun-bust in At the close the st raled 11ditions. Prices did not change to spending, although point-sized higher to 15 points lower. They marked Pegree but the common carly in the day,

itp one to uit trend was downwards in a day märkel opened five points, New Orleans closed of comparatively light trading. Bus shares were done at $80 in up four to 11 points.

small volume, the only stock considerable Tate improvement reflected a showing any

Turnover lack of selling, pressure rather volume was Healty. than

was approx. $3,140,000. any urgent demand.

Thursday: The easier condi- from trade buying of a round; several hundred bales in the tions which prevailed in yester- day's trading continued during nearby months.

Dow-Jones closing averages: the morning session, but, just

30 Industrid.. 090.16 of 6,38 before the mid-day recess prices

Ralls.....

45.56 of 0.02 hardened and in some enses the

Uttles.. 113.33 off 0.32 trend was roverted particularly

65 Stocks. 230.95 on 153. In those shares in which the

Ten mast active stocks, traded volume was considerable. Buyers

on were in

the New Yerk Steek during the afternoon

but solters were Exchange today, siles, eloxings ascendancy.

hopin for better and not changes respectively: caulicus,

such a state uti 30,200 Graljam Paige 2% up prices which

Turn- affairs usually produces. over was approx. 50,500,000.

of

Absence of any particular ex- port activity. and reports generally favourable crop pra- grees in the Mississippi Valley, attracted market Interest.

Government owned and con- trolled cotton stock as of May 19 approximated 2,103,000 bales agonst over 5,000,000 Sales held in late January. According to the New York Colton Exchange,

--UPL

The Seal

of Security

However much money you have to invest, you seek Security as well as a good return. Lombard Banking offers both. 6% interest per annum is coupled with the finest Security as well as Availability.

A Lombard Banking Deposit Account brings you Interest payablo twice yearly.

ASSETS EXCEED £100,000,000

Interest pole without deduction of United Kingḥan Income Tax Write today to the General Manager for your copy of **Basta Deposit Account” Booklet No. A.Ö. 74.

LOMBARD BANKING

LIMITED BANKERS

Offer

LOMBARD HOUSE

CVAZON STREET, PARK LANE, LONDON, WI

UND 4131 C20 times)

A Woršāmatu Dunking wet l'hasco Organisation

.

20 F

Dow Clichalcal

Dupont de Nemours Eastern Air Libe

Eastman Kodak Ferro Corp.

Ford Motor

Georgia Pacific General Electric General Foods

General Motors Gen. Tel. & Elec. Getty Ol

Goodyear Tyre

Grent Nordiern Railway

Grumman Aircraft Cute Of

Hammond Organ 11tram Walker

Hunan Refrig. Imperial Oll

Idaho Power

Tobacco

merchendest Corp.

International Nickel

Kaiser Industries

Int Business Maulineu amounted to Int Harvester .............

Int'l Tel & Tel

78,700 Gen. Moters 44 eff $1,400 Amer Airline 27 up 1. 51,100 Am Tel 119% off 2%. 45,180 STD OR NJ,453⁄4 up3⁄4. 33,000 Sou Am Gold 9 up 2. 37,500 Bell and Howell 60 up

¡ 194

4.

30,200 Lockheed Air 421 Of

35,400 Aveo Corp 19% upla.

32,200 Alleghany 13 up 9.

Closing prices

Abitibi Pwr. & Paper

Alden Ing. Avy

Algon Steel Corp.

Allied Chemicals

Allied Milis Inc.

All Chalmers

Am. Braku Strue

American Aldine

Am. Cable & Radio Corp.

Aneficen

Aut. & Foren Co.

Am. Home Prod

Power

Am. Mzot. & Fury America. Melst

Am. Natural Gas American Smelting Am. Sugar Ret. American Tol & Tel American Tub. Anaconile Copper Annour

Asbestor Corp. Atlas Cans, Mining

¡ faltimore & Oilo

Hank of Nova Scotla Beech Life Savers n. C. Tel. Co. Belt Telephone Bethlehem Steel British Amer, Of Bellish Colunilla Pwr. Cana. Brewers -- Canadian Pacife R

Kennecot: Cepper

Lily Tilip

tion Inf.

Lockheed Altgrafi

Loews Incorp

Lone Star Cement Co. Lorillard P.

McDermott J. Ray

| Merck... Minnesota Mining Mton Development Montgomery Ward National Cash Reg. National Dairy Prod. National Lead National Steel Corp. New York Central

Norfolk & Western Ry. North Amer. Aviation Northwest Airlines (Com) Oklahoma Nat. Gaa

Otta Elevators

Oxford Paper Co.

Prette Gas & Elec. Pan American Airways

Paramount Pictures

Penny . C. Co.

Pitney BowTM;

Portland Cen. Elec.

Pubileker Industries

Pullman

Raytheon

epublle Steel

Standard Oll of N..

Steel Çe at Canada Sterling Drug_Co.

#15 Stokely-Van Canıp

Store Webster Studeniker-Packard Corp.

Scrine Mining

41

762

207

27

Swut Co.

110*

Texau Co.

177

Textron Inc.

677%

7334

Tiloko Chean

Tule Water Oli

65% Travellers Inc.

EAU

401

40314

1201

4214

Til-Cont. Warianty

Rubber

#TU.S. Smelling

041X2) US. Bizel 7 F.C. PF

275. Steel

Warner Bros.

Waukesha Motors

10

4211 Westinghouse Air Brake

Westinghouse Electric 2015

West Va. Pulp & Paper

Winn-Dixle Stores

Woolworth (K. W.)

*

12215

Zenith Radia

World rubber

Now York, May 25. Rox rubber futures today closed five to 20 points higher with sales of 28 contracts.

Standard contract closed fvc 1c 20 points higher with no 24 sales reported.

G&

5214

酒

91

May contracts, both Rex and Standard, went off the board at

noon.

Although

quiel, letminal market pricus ruled stady after In hesitant start influenced by

seller cautiousness in face

10% the Impending long weekend 40% holiday and reflecting favour- able automoblie production re-

10016

201

34

07

Parted

3314

2046

50

C. Light

73% 7415

400 73 100 21.00 1000 31,70 1000 S

BOU de 21 da

£1000 $ 10.00

500 234

2000 M2 4855 100 77415 400 74 200 ji 7494 200 úr 24

60 7455

3000 or 3015 200 or 2015 37 371 1500 21 2032

HIK Elec...

33 384

HK Tel.

4500 & 37

3000 or 37 2000 on 37% 300 or 3715 5003714 0000 371⁄2 4500 or 273% 100 3710 200 31. 1000 30

2500 64 3042 1003015 7732 64 38! 1000 60 381

100 3915 600 38

200 0 50 15300 3011⁄4

10030

53 6315 3500 or 5375

3000 or 531%

Eno 54

20 102

200 or 97 300 + 99%

200 33

200

54

2011

Cement

Dairy

001 07

1200 07

751%

100

Watson

45% 40%

-UPI,

Allied Inv.

Textile

C

Chicago

grain

Nanyung

A.

Rubber

500 50

12,40 4000 ** 12.40

8.30

15 15.10

0.10 5.50 0.04 0.15

24 4.770

R. True: City Hotel 33 Really

Chicago, May 25. Late profit-selling topped most grain futures from their highs on the Chicago | KMB Board of Trade.

At the close, wheat

#1 8116

was off

Star

Terry Lane Craw Guman

511 021

to 1; corn up to cats Un- unchanged to up : rye changed to off : soybeans off 2% up 4, and drumed lard unchanged to eff 2 points.

Exporters said Brazil bought Kelantan 3.730,000 bushels of hord wheat. Other countries were expected to enter the market Wheat closing range off to t cent.-UPI

Revenue

soun.

New York, May 24. New car

Hertz production in the

Corporation revenues U.S. this week, estimated by are expected to reach a record trade sources at 123.184 unite, of around $140 million for the will be the second highestyear against a volume of $125.0 volume for the year to dale, million last year. Brokers reported limited offer- ings in the shipment market. local Spot market also ruled quiet with spot No. 1 Rss quoted 315 cents, nominal.

In London, the rubber market was inactive with spot quoted nt 20 penec.

Pure OF...

$36%

Radio Corporation

The

7!

Radio Corp. Pref.

73%

3

なが

01

4414

2715

40% Ilovat Dutch

23

10

Saint Reg. Paper

Heynolds Metal

floynolds Tobacco

Safeway Stores

45xd Selenley Ine.

22 Scott Paper

270

53

Siegler Corn.

Sinclair Oll

30% Socuny Mobil 0711

AZER

70

AMERICAN STOCKS & COMMODITIES:

SEILL

WHEN

BUY

TECHNICAL

ANALYSIS

On Stock Trends

Research Dept. PERENNIAL TRADING CORP. 018-818 - Bdinburgh Itoyae Tel: M 2164

20

In Amsterdam, the closed unchanged today.

market

Singapore market closed to

12 day because of a local holiday. 474-UPI.

The chairman told the annual meeting that despite the slow start of the first quarter the company felt that i would be custdinary able

to maintain margins of proton is volume and there was no reason to believe that 1981 could not be a record year in earnings ar well as revenues

Int'l Invest. HK & FE

Inv. Humphrey

*** 2.00 15.00

20 24.30 20.40. 20!

1000 94 500 G 8.30

500%

000 15

1000

333

15.10

15

1000 $ 15.10

£000 07%

02533

1000 co 2.00 22000 / 3.775

0000 234 350003.715

1000 or 2,00 1000 2,80 15000 2.175

BO BU

400 0 2014

200 or 8111 120

2500

100 22

1000 @ 3.30

1000

76.20

2000

1000 rt Bị

3000 à 2.80

US. INVESTMENT QUOTATIONS

The following are US, In- vestments ра in American dollars Buyers prices include commission:

Agligted Fund A: BUR. Shre

Além Doy, Mil. 242, Hought ir

Dülgk" "Fund Canada con Fund..

He added that the company

--China Mail Special.

had no plans for a Steak spilt. Commish Block

COMMODITY PRICES

COTTON

NEW YORK

Closing price all in cents per 1b.:

Spot: 34.25 nom; July: 3234: Oct: 34.12: Dec; 34.55; Mar: 35.00 May: 35.31 July: 35.24; Sept: 34.15

LIVERPOOL

Closing prices all ip pence per

American Contract

May: 25.00; July: 24; Oct: 24; lea: 24.30; Mar: 21.65; May: 24.89;" July: 24.00

Mixed Contract

May: 24.23; July: 2435; Oct: 24.45; Dec: 24.50; Mar: 25.00; May: 2525; July: 20.533.

-uri.

RUBBER

Rupbet fitures closing prices,

Sellers Buyers 8.31 0.20 4.07 4,90

9,53

restricted trading industrial stocks failed to zot a definito trond. The list wore a patchy look by the Anal bell.

Sicels chided and engineer- ing stocks were mixed but Rolls Royce. Added

few pennies on the strength of Western Germany's new urnis orders.

Chemical Imperial gained 3 pence to 70 shillings and British

Corp, Molor hardened. Unilever lost ground, Courtaulds, Imperial Tobacco, Dunlop and Woolworth shaded.

Rubbers and teas held steady. -UPI

3

Closing prices

British Government Securities 215, Consolidated-413. 315 Conversion-£39. 3, Having 1055/85-9214. 3 Roving 1900/70-7 3. Savings 1905/75-72-1/10.

Overseas Bandı 5. German (Dnwea)-CO!S.

Japanese, Assented-Lisata

Banks & Insurance Barclays Ord-920 D. Chartered Bank-40 415. Guardian Auraice-1 . Hongkong Bank-19. Lloyds Bank-74 34.

Banking Orl-22x 4.

Royal Bank of Canadaam E 20. Royal Insurance Ord.-170

D Acquir. "A"~~~£27-3/16.

011

British Petroleum- . Burwah Ot-405 Oct Shell Transport Ord-1C1 Itoyal Dutch-£ 13%.. Ultramar Company-Z 7tud.

Steel Engineering

Dabcock & Wilcox Ord-32 . Dorman. Long-359 01. Guest, Keen Ord-1018 ad. Harland & Wolf Ord–178 Ed, Stewarts & Lloyds Ord-54s 6d. Summer & Sons Ord-50 Tube Investments-70s 3d." Unilver Ord—~] 40%.

Vickers Ord-37m 1015,

Electric

94.

Assoc. Etre. Industeles-429 Ed. Elec. & Mus, Industrien 15s. English Electric Ord-384. General Electric Ord-300 pd. Philipe Lamp Works-411-3/33. Rediffusion Ord-420 450.

Industrials

Assoc. Portland Cement-3s 1. Beardman Marden Ord- Borax (Holding)--.__ Dunlap Rabber Ord-21 41sd.

Flons Ord-52 30.

Gilman (Boldinge Ord.

Id.

International Computers-09 34,

Turner & Nowall Ord.- Unilever Ord-1101.

11

Wiggion Tease Ord-870 Pd.

Chemicals Imperini Chemical Ord-70%. Monsanto Chemicals Ord-235 04.

Cinemas & Television

Mona Empires Ord-14 Oct. Rank Organisation Ord-32s d, Stall Theatres-95 10144.

Рарег

Bowater Paper Ord-040 3d, De La Rue Ord-Gfs kl. Spicers Ord-029,

Tobaccos Brith-Amer. Tob. Ord-72 3. Carrera1 Ord-in 7d. Imperial Tobacco Ord-0da 30.

Motors

British Motor Ord-18 1d. Hawker Siddelay Ord-32. Jaguar Care Ord-101 10d. Holls-Roves Ord-40 Westland Airéraft—jka Od.

Textiles

Bradford Dvers—13 14. Callco Printers Ord-4 94. Costa (IP) Palon & Baldwings

Fine Spinners Ori-Zis 34.

Lancashire Cotton Ord-39% $3;4.

Breweries

Tutors Co. Ord-40s id. Guinness (Arthur) Ord-500 Gd. Ind Coope On--23

Storea

Great Universal Ord-024 DJ.

Livona (3)

House of Dich $30.

Ord-1929 98. Marks & Spencer “A” DƑd=-11 4340. 10.35

14.GL 10.05

15.63

17.30

Capadian Fund

BUS.

2457

Canadian Int. Gr.

[12.31

13.34

13.00

10.14

10,73

3.70

11.DI

19.47

14.27

16.20

Electrontes law.

8.77

0.04

Founders Mut yd.

Hamill F. HC-

12:32

13.30

4.03

0.40

11.00

[2.43 19.60

•Dividënd_Shos Dreyfum Edton & J. Stock

und

Ini Fotmil Inst Growth Instit Income Invest Tr. Boston Keystone Canada Mass liv.. Tr. Mam Crowth

034 7.40 13.10 14.30 17.13 10.53 15.21 10.02

18.50

19.73

Nat Gec. Ser Cr.

0,97

10.0

Nov.

30.15

Jan.

Mar.

30.03 10.75 20.33

Duyers Sellera

Se der St. &

30.41

20.41

Copper

Telev El. Fu.

0.34

2,00

Spot

May

20.75

-month

210

242 247

Vale Line Fund..

7.0

0,04

V..r.

12.41

13.08

LONDON

Lead

Koyston Cuat s

21.00

Closing prices all in pence per

Spot

00%

Wellington Fund

14.50

10,95

4-month

Ib.:

Zine

No. 1 sa spotte

Settement house Jule July/Sept. Oct/Dec. Jon./Mtbr. Aur Jame

Spot 3-manth

22 €21;

2014

62%

-UPL

201

20-201

20-24 20-2011

Ve

July

General markets, e.l.f, barik, parts:

Eslata crept thin July thick July

METALS

NEW YORK

UPI.

Closing prices all in cents per

Lead

Italy

Rept.

Zine

July

Gept.

Copper

Blept.

واند

10.43

10.62

[1.23

FOREIGN EXCHANGE

NEW YORK Closing roles; Canada England amiciel "

30-day

20-dayd

Avstralia...

New Zealand

Others unchanged.

LONDON

Closing rates:

New York Montres!

11.10 Bat

Copentingen Frankfurt

22.00

22.07

Oslo

Ferie Vint

NEW YORK

an lå cents per 192

REX Bandard

$1

20.00

21.00 #.90

Closing prices, in sterling un

10.30

30.55

per long ton:

}

May July

LONDON

Tale & Lylo Ord-52. Jd. ** United Drapery Ord-77# 455 Woolworth. (F.W) Ord—50% WALA.

·Bitteellaneous

1

Bowmaker Ord—238 750. Canadian Pacifle, Ord-MaN. Cunard Steamship Orl-10# 711⁄2d. Forestal Land & Timber-138. Hongkong & China Ca-104.

Hudson Bay Co23,

•Indo-China" Det.

Land Becurities Ord-334 30. P. & O. Steam Nav. Del{2a 7lid.

Witnes

Do Beers Def-120.

Mount -13 d.

Petaling Tinta Od.

Rhodesian Anglo-Amer, Ord-Sia. Rio Tinto Bearer)-40s FlŁA, Roun Antelope Copper-3 2144. Union Corporation. Welkom Gold Minea-12 Western Holdings-112. 04.

01.

Rubber Tela Anglo Indonesian Plant, is od. Ceylon Tea Ord–27% 0. Imperial Tea Ord-15a-9d. Kuala Lumpur Kepong-31 6d. Lambak Rubber--dar da.

Reuter.

Agreed merchant

rates

Swiss Francs Maximum sell- Ing 74%. 3

Exchange rates

Business was done in the-focal

Dividend

New York, May 24. South Puerto Rico Sugar Company declared a dividend of 30 cents on the common payable July 1 to stock on record: Juns 12.

101 11/13

2.3000

2,7005

unomicini exchang

Iarket Chia

moming at the following rates:

2.2345

V.a. dalin. (per #()

5.743

217000

dierling notes (per £1)

10.90

Australian noted iper Cl)

17.01

Indonesian Rupiah (per 100)..

2.38

Bam ticals (per 100)

21.00

gapore (trails)

1.01

The company has been pay- quarterly in- jog 15 cents at tervals since September 30, 1959. The last payment at that mate was made on April 3.

i

UNIT TRUSTS

First Hongkong Fund: (bayer), $1392 (meller),"

Second Hongkong Fund: (buyers" $1.00 (Heller),

$1.33

$1

2.70 3/10-4.70 D/10 8.78_9/19-277. 11/10 439.00-12.00532

11.00-11.00 03.18-01.74 22,00)$ 20,00

South Puerto Rico stressed that "in view of the uncertain- tles of world mugar prices 1 does not follow n regular dividend polley but rather "con- side each declaration in the light of its earnings and condi» tions expleting at the Umg."- Chiria Mall Spoula).