1961-06-02 — Page 2

THE CHINA MAIL, FRIDAY, JUNE 2, 1901.

WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE

STOCK

HONGKONG WIDESPREAD

DECLINES IN LONDON

STOCKS DECLINE FURTHER EXCHANGE

HK Bank

Lombard Wheelock UK Wharf

The share

430°

a glance *

لك

Dividend

& Bonus

$2.26

GOO

market at

Up or

May 1

May 11 430.

50

11

May 18 420* 02

May 20 414- 49

June 1

Down

Yield (%)

408

3,0

60n

+1

4.0

18,60

16.40

10.80

10.60

10.40

-20

3.0

408

405

382

398

HK Docks

110xd.

800.

$18

3,2

110

110

114

112-

3.4

Talkoo Docks

76xd

7514xd

74

r 73

72

-t

$3.20

4.2

Provident

3101

34%

34

3241

3314

+750

$1.30

HK Hotels

4812

4734

47

40%

4514

$3

0.1

HIK Lands

77

7634

75

74

73

$2.40

3.2

UK Realty

2.45

2.00

2.77%

211

2.05

-100

13.75c

HK Trams

3914

401

3014

384

3014

+1

$2.05

5.2

Star Ferry

208

204

204

214

+24

$10.50

4,4

Yaumatis

130

138

130

136

134

-1

30.50

0.0

Ch Light

3731

38

3714

304

37

+25c

31.10

K

Electrics

36

3814

3731

3714

37

750

$1.70

4.5

HK Telephone

[3

ឆ០១

54

5213

02

steady

$1.75

G. L. Cenient

67

001

GOJ

00

-500

5.9

Dairy Farm

JD

39

4114

391

3844

-300

$2

5.1

A.S. Watson

4G

40gb

464

40

40

steady

$2.50

5.2

5214

51%

5014

14.70

1514

15.70

5114 15.70n

5114

steady

82.75

15n

-200

760

12.40

12.80

12.40

12.40

12.10

-300

3.5

24

25

26.60

20.40%

201

-400

81

8.1

8.40 14.00

8,30 14.70

8.30

B14

8.30%

4-50

B00

0.7

14.00.

15.10

13.80

-1.30

8

Lane, Crawford

Int'l Investment

Allied

HK & FE Inv

Texille Corp

Nanyang

*(Sub-dhdded into five shares)

(Before sub-division of shares)

238

$1.10

WALL STREET CLOSES MIXED

Rolls Royce Ltd. issuing

London, June 1.

Underwriting is in progress

for an issue by Rolls Royce Limited of £12 million 6% per cent de-Rolls benture stock 1981/86.

The stock is to be offered to The holders of the debenture stock, ordinary slock and workers (1955) stock of Rolls Royce at a price of £89 per cent. The offer will be posted on Friday, June 2, and will be

for pull

acceptance unti Wednesday, June 14, 1961.

debentures

Royce Limited have agreed in principle on arrange-

Apparently waiting

for clarification of world trend

New York, June 1.

ments whereby the aero-engine Stocks closed thoroughly mixed on light volume,

business of D. Napler & Son Limit.d

subsidiary vt

Some selling

pressure in a market quiet

The local stock market eased again on a

wide front in relatively quiet trading conditions this week.

Our Own Correspondent

Business done on the Hong-

Stock joong

Exchange

this

| morning amounted to appro- ximately $1,980,000. Noon quotations and the

transactions!

Shares Buyers BeVers HK Bank. 404 408

Lombard in.

X.1.

Talkoo Dock 711 21.30 1 G

Wheelock.. 14.30 10.40

There were small declines in most shares with the Dock.. leading share Hongkong Banks dropping to Provident.. $108.

There was some selling pres- sure on the market probably for 10-Investment purposes, Also, recent developments affecting Hongkong's foreign trade was

no help to the market.

Star Ferries were an excep- tlon, closing yesterday at $230 la gain of $24) after reaching

n peak of $240.

The China Mall list of stocks shows 16 minus signs. € plus

· signs, and three unchanged.

The volume of business for the week under review (Friday

SEES RISE

IN UK INDUSTRY

London, Jurio 1.

to yesterday) amounted to about Industrial output in Britain

$23,690,000 compared with $17,840,000 for the previous shortened 3-day week and $35,280,000 for the 5-day weeke before that.

Jardine shares Jarding. Matheson and Com

Limited announced on pany Wednesday that their shares will be offered for sale to the public on June 15. In the absence of unforeseen eircumstances the

offer price will be $10 a share,

Wall Street apparently waiting for some clarl-This is a premium of $10 on the

English Electric) will in future fication of international developments.

be carried on by a new com- pany. Detafted negotiations are in progress,

The

Napier company Auro Engines Limited, will be owned equally by D. Napler and Royce. China Mall

It is al announced that the Rolls English Electric Company and Special.

nth

Canadian Pacific

OFFERS

LOWEST, FARES

TO

NORTH AMERICA{

ECONOMY

6.40 LESS THAN JET FARE*]

- 4 INCHES MORE LEGROOM

suffered from

The Dow-Jones Industrials

a weak Easunan Kodak, down around 3, while operated most other blue chips in a narrow range. handful of points in the elec- Texas Instruments dropped a

tronies where Zenith continued strong, adding around 3. Collins Radlo, omitting the dividend. dropped a couple.

Other wcak spots

were Revlon,

Thompson-Rame, In- terstate Department Stores, Universal Plctures, Magma Copper, Avnet, Vendo and Sperry Rand--all down close

up

to 2 points or more,

"MARKET FIRMS Colgate-Palmolive ran around 3 at its top. Paramount | Pictures 3, Warner Brothers 14, First

14. Charter around Fansteel and Coca Cola a point

or more.

The market storied out on the easy side but armed up in the afternoon.

Last minute profit- taking. however, put the list back in the doldrums. Activity ran about half a million sharen below Wednesday.

Today's volume 3,770,000 shares.

Of total 1,300 shares traded.

Delaware & Hudson Co. Diafitorg-Beagrens Diamond Nat'l ..... Dominion Stores Dow Chemien)

El Paso Natural Gas Family Finance Corp Ferro Corp

Fimt Nat. City Bank

Ford Motor Co. of Cana, Georgin Pecife..... General Dynamics

Gen. Pub. Utt

184

4055

203

30%

Gen. Tel. & Elec.

Cun, Tyre & Stubber Great Northern Railway Grumman Aircraft

702

Gulf O

Hammond Organ tiram Walker

Husman Retele. Imperial OR Imperial Tobacco Ingersoll-RATI Kalaer Industries Kimberly Clark Lily Tulip Lorillard P.

par value of the 902,048 shares which will be sold.

The company said that sub- scripton lists will open and close on June 15, Full detalls will be announced in advertisments on June 1,

H Land

110 111

NK Hotel..

40 #2

4011

132 133 30%

Youmali om

London, June 1. Stock exchange ran into a datermined wave of soll- ing today, and declines were widespread.

Tho

continuing adverso

✡

morning's balance of payments position of

the United Kingdom, plus number of

company annual otatements showing smaller pro-

Saler 650 LT 403

300 6 400

100

104

10

100

* 400

401

200 12

fits, apparently touched off the jruh to unload.

Industrials were under pres- fourb through much of the list.

British govertiment bonds 100 11.30 opened quielly flim, but hit the

500 + 11.20

270 21,16 Bilds before the close.

1000 10,40 1000 6.40

4720 10.30 1500 30.40

Gold mining shares lost their recent buoyaney because

of profit-inking and sales attrl- buted to continental interests. -AP 000 110

2000 10.30

111

100 P 111

3314.

60033

500

900 # 6512

400 72

300

100+ 133 10004015

10003214

1100 # 30%

50 44 30

1000 E 3042

1000 301

500 3913

3314 37 100 37

300 1 3024 3011 3T 2200 & 37

2020 - 37

C. Light

Electric

100 + 37

Telephone..

52 32

100 5214

04 0514

1000 as

should begin to rito fairly Comment

49 4015

12.10

fost and by the end of thủ | Dairy Farra 30% Sol year, assuming no govern- Watson mont Intervention, the rool

Allied Inv. national product Texille should be some 31⁄2 por Nanyang cent higher than a year cartior.

..

500 ** 02 100 8215 200 535

100 or 3014

600335% 100 40 40 103740

8.10 0% 1000 0.10 13.00 14.0 4000 1

3000 * 23 1000 SF 14

A. Rubber 0.35 4.65 B. Trust

7.70 7.00 National City Hotel 3316 34

The Independent Institute of Economic and Social Rerearch forecast this today. It

in rise,

Realty.

30 @ 3351 100 at 3374

100 G 34

2013

200 or 3334

25 1250 @ 2.323

2.025

2.03

14

(N)

705%

70

said fixed investment showed every sign of rising sleeply to the end of the year, although the present figures of factory K.M.D. buliding approvals suggests some slowing-down in 1982.

Consumers' expenditure, real terins, should also though more slowly than in the Arst quarter of the year, but prices may continue to increase faster this year than last, Friday: The market was again

IN GENERAL irregular but showed a harden- ;

In general, the review anid, ing tendency. Banks however capnelty should be sufficient lost a little ground whlie im for a rise in output of this provement was shown in Whee- locks and Gilman. Utililies were well traded at generally better

Market diary

11 prices. Tumover was approxim-

niature.

1100215

04070

300 2015

30 17

130*70

200 7011 2000 20

Stor Terry.

Gilman

232

2.36

ото на 70 100 60 734% 160 of 234

0 2.05

4000 643.03

2000

Asia Nav.

shot. Gox. Коро

The review said the country's HK & TE balance of payments

Την. position still 'clouds

L., Craw. the prospects for reasonable rote ot expansion, The Secretaries for the Inter- Britain's exporta will probably

194ately $7,000,000,

07 national Investment Corp. Ltd rise only slowly and

announced that at the close of

trends is imports and

business on May 25, 1061, he imply an appreciable

shares had a statistical value of

14

61

Lowenstein

Sonr McDermott J. Ray Merek

152

$20.35 per share.

1431

BASA

ments

Dividend & Bonus Banounce-

during the

Just

two

six weeks:-

00

Ep

0024

0215

Ltd. Interim $10 per share.

4015

Cold. Macg. 3- & Bonus 3/3

11103

at the rate 1/3 per share.

4914 2010

Mesabi Iron Corp. Monsanto Chemical Co. Motorcha Ino...... National Bircuit Co, National Dairy Prod. National Steel Corp. Noranda Mines Ltd. Norfolk & Westenry Ry. North Amer. Aviation Northwest Airlines (Com.) Oklatama Nat. Ons Owen-Blincis Glass Oxford Paper Co Philip Morris

445 higher 028 lower. American Pitney Bowes exchange volume was 1,830,000 Portlann Gen. Elec. shares. Bond volume amounted Pullman

to $0,220,000.-UPI.

Closing prices

ענ

Publicker Inntries

342

China Underwriters, Ltd. cents per share. Chinese Estates,

Monday: The market was Ir- 35% regular and generally quiet. Star Ferry shares were sought after but sellers were shy and price My changes were fractional and went

in no particular direction. Teie phones improved a little while other Utilities were done in somu volume. Wheelocks remained

firm on average volume, Invest- mont companies were quiet and stendy.

Turnover was appro- 32ximately $5,500,000.

Current exporta current defcit from the country again this year-UPI.

Australia buys most UK

DO BUS

TIN MARKET STEADY

28.10

London. June 1. Copper was moderately dealt in with spot losing 22 on the duy

Tin market was steady with spot and three-months 4 point Jower to 889% per long to.

Lead and zinc were steady today.--UPI.

office appliances Agreed merchant

London, June 1.

Foreign sales of British-made

rates

office equipment and mac- hinery advanced to nearly £3.3 million in April and the ing 174. Minimum Buying 17

T.T.:

U.S. Dollars Maximum Scil-

17-8/18 O.D.; 17% 30 17-23/32 60 days; 17-13/16 90 days.

Canadian Dollars Maximum selling 17-1/32. Minimum Buy- ing 170/32 T.T.: 17-11/32 O.D.

United States was the second largest buyer after Australia days; Export sales in the month were worth £300,000 more than

association

Tuesday: Today was a co-in April 1980.

The industry's 30 paratively quiet day on the Stock

countries showed

|

Exchange with prices generally today sald sales to common- ensing but only fractionally. Star wealth Ferry shares were an exception, decline against last year, but 75% buyars offering $240 but sellors April exports

Exchange rates

44

11

3042

Pere Of

3032

Raytheon

30

Royal Bank of Canada

Royal Dutch

TREA

Safeway Stores

4574

Auttibl Pwr. & Paper ... $75

Saine ring. Paper

3744

Algoma Steel Corp.

Schenley Inc.

Allied Mills Inc.

44

Scott Paper

1131

Ain. Brake Slive

40

Stegler Corp.

Am. Cable & Radio Corp.

301

Sath, Kine & French

American Cyanamid Co.

473% | South Pueric Hilco Guger

Am. Honie Prod.

238% | Southern Natural Gas

Aan. Mach. &_Fúry,

53%

Am. Natural Gas

100

Steel Co. of Canada

Am. Sugar Rot,

337%

Stone & Webster ...

637

221⁄2

Sunshine Mining

to

Asbestos Corp.

2014 | Textron ima.

Bank of Montreal

daly

Thiokel Gleni,

Bank of Nova Scotia

71

Tide Water Oil

Deech Lito Savers

Traders Finance

B. C. Tel. co.

5135

Travellers Inc. ....

115

per Ind

63%

Tri-Cont. Warrants

3132

Benguet Cena,

Twentieth Century Fox Fim

Caution seems to be the watch

Singapore (Straits)

01

Union Oll of Cal,

00

word among sellers while buy.

Burroughs Add Machine

US Steel 1 PC. PF

140

Westinghouse Air Broke

ers appeared to be waiting for

Ampex

Southern Pacife Cò,

to Japan WOTO

were noticeably absent. Utilities | sharply higher and were worth 26% generally were the busiest see- | £127,000.

4415tion and prices were steady. Į For the third month this year

Trams attracted most attention increased sales

of portable

Business was, dong In the local unofficial exchange market this morning at the following rata- US dollar for 1) Aterling noles (per Australian notes (per 1).

i)

13 Wheelocks were ealer, but again typewriters paced the Improve-Indonesian rupiah (per 100)

buyers outnumbered sellers. ment-UPI.

Closing prices

Meltish Government. Securities 2. Comaoltdated-40-13/16 xd.

Conversion--£5512.

3

3. Bavinga 1039/C3—€92-3/32. 30h, Savings 1960/70-27674. J%. Savings 1995/15-£UNT

Overseas Bonds

German (Dawes) — £14, Jeanere. Asented £150.

Brake & Insurance

Barclays Ord--850.

Chartered Bank-dlı 3d.

Guardian Arturance—1851 3d, Hongkong Bank-£16.

Lloyds Bank-00 0.

Lombard Ubaking, Drdes19% 411⁄2d. National Grindley Sta

Prudential Assar, Am d′ 23-15/10, Royal Insurance Ord-153 3d.

011

Belial Petrol.

Burmah

Self Transport OrdiX7 d. Royal D

13. Ultramar

Etrols Kngineering

Babcock Long-34 d.

de Willens Ord=3* *!%d.

Guest. Keen Ord-9387d. Harland & Welt, Ord-Its 4354. Stowarz & Lloyds Ord-49% 1034d. Summers & Sons Ori-35m 10% d Tuba investments=718. United Steel-dia Gd. Vickers Ord.

Electric

C

Assoc. Elec. Industries Elec. & Mus. Industries English Electric Ord-348 06. General Electric On-350 60. Philips Lamp Works-ft-0/10, Rediffusion rd,41 $0.

Industrials

Assoc. Portland Cement-878 10340. Boardman Marden Ordds bd. Borax (Holding) 10344.

Dunlop Rubber Ord-28

Fisons Ord 50% Fied.:

Cillosan eldings) Ord

kisd.

154. 64.

International Computers-87 Unliever On-147 90. Wiggins Tenpe Ord-630 4144.

Chemien's

Imperial Chemical Ord-740 Id. Monsanto Chemicals Ord-all.

Cinema & Television Mora Empires Ord-108 34. Bank Organisation Ord-33 64. biol Theatrobe Od.

Paper

!

water Paper Ord-Big 10d. De La Rue Ord-53%

Тобассов Brictali-Amer. 700, Ord-69% su, Carreras "B" Ord-4x Dd. Imperial Tobacco Ora-3B DU.

Maturs ritish Motor Ordios, flawker Siddeley Ord- ftud: Jaguar Cars Ord-100 74. Rolls-Royce Ord-13 d. Westland Aleeraft-1ðu 49,

Textiles Bradford Dyera-17 115. Calleo Printers · Ord-144. Coats (JP) Paton & Baldwins- 47%.

Courtaulds Ord-4) 3d. Fine Spinners Ord-200 BA, Lancashire Cetion Ord-47 101d.

Dreweries Dillers Co. Ord-37 Od. Guinness Arthur), Ord--bla pu. Ind Coope Ord-14 41⁄2d.

! Store Great Universal Ord-02 Great Universal "A" OIL-BTS Gd. House of Frater Ord-07 10d. Lyons J1 "A" Ord-09. Marka & Spencer "A" Ord-1120 4d.

Tate & Lyla Ord-483 735d. United Drapery, Ord-375 34. Woolworu (P.W.) Ord-74 115d.

Mixtlimous Bowmaker Of 2016 Catindian Paclite Ord-$4. Cunard Steamship Ord-159 10. Forest Land & Timber131. Itongkong & China Gas-10 Hudson Bay Com21016. Indo-China Def. Ord-22

Land Securities Ord-Ma. P. & O. Steam Nav. 10d.

Mines

De Beers Def-1319.

Tin Carp-17s. I-83 34.

Jeloling Tin-13s Od; Thodesian Anglo-Amer.

34.

ilo Tinta

Ü.

Del-J

Ord-87

Coppera d.

Toon Anteirer)-10 75. Union Corporation-Bla Welkom Gold Mining-141 Western Holdings-13.00.

Stabber

Anglo Indonesian P Caylon Tea Ord--27 Dd.

Impertes Tea Ord-10.

/FIRST CLASS

$513.90 LESS THAN JET FARE®

SUPERIOR INFLIGHT SERVICE

Bell Tolephone

Arc (They Co.

Britisis Amer. Dil British Columbia Pwr. Calif, Packing Corp. Ces. B. of Cominon. Cat. Tractor ....... E.LT. Finercial Corp. Cluett Peabody... Commercial Credst Corning Glass Works Consolidated Paper

Consumers Gf Del Continental on of Creole Pet....

U.S. INVESTMENT

QUOTATIONS

27% their prices to be mot, resulting in a cat and mouse cimusphere. Turnover Wit approximately $4,000,000.

Wednesday: No apparent trend was seen in the market today as prices remained within a ñar- Tow range and the turnover amounted to only $2,330,000 in the hall day season.

There was stubbornness apar- ent in both the buying and sell- ing aides and the end rendit was | comparailvely mengro business US. In in a steady market.

COMMODITY PRICES

COTTON

AMERICAN

STOCKS & COMMODITIES

WHEN

8.747

10.95

12.07

20.10

3.40

Kuala Lumpur-Kepong-Js 64, Lambak Rubber-dis vd.

-Reuter.

West Va. Pulp & Paper Winn-Dixie Stores

33

30

UFI

3-month Copper

Bpat

470

23031

07016

Apr/June

July/Bout

S-month

Lead

July

Spot

3-month

The following are vestments as in American lars. Buyers' prices commalssion:

dol

the final dividend of 60 cents bui

An exception was Nanyangs include which responded badly initially to per lb.

LIVERPOOL Closing prices all in penco

Zine

Spat

817

J-menu

61

-UTL

American Contract

July

Oct,

24.00 24.50

0.40

0.1

9.34

Dec.

ચ

Mar.

24.03

May

24.90

July

Mixed Contract

July

Oct.

Dec.

MAT

RUBBER

SINGAPORE

Closing prices all in Stratta cents per Ib f.o.b. Malayan

3.7

May

Dreyfus rund

Kartor 11. Stock

14.21

15.10

Electronics Inv.

6.21

Founders Mert F. Hamil Fu, HG-7

12.23

1340

0.30

Itt Found

12.00

13.64

14.30

Juty

poris:

No. 1 June

-UPL

No, July

No, June

BOJA-7

General markels. cit. basis, port

241% Juna

54 Extato crepe thin June 005%

thick June AMSTERDAM

2721

Closing prices all in guilders

per kilogram, c.t.f. Juneg

No. 1 rubber

No. 2 tubber

No, rubber

No. i crep

FOREIGN EXCHANGE

LONDON

Closing rates;

0512-6715

715%-729% | New York 02-03

Montreal AmsterdamT!

Copenhagen

LEBUT

Par

2.19-21211 2.73-0/10-9.76-7/18 10.02 0.0745 129.50-139.63||

117-11

80.10-10.33

6.34 buyers

9.32 buyers

2.30 burerE

3.82 buyers

Exclusive

LOUNGEAIRE

with

Canadian

Pacific

9 INCHES MORE LEGROOM FULLY RECLİNİNG SEATS. NO MORE THAN JET FARE'

"Round Trip➡ Hong Kong/West Coast

Fly Canadian Pacific

QUY

TECHNICAL

ANALYSIS

On Stock Trends

Research Dept. PERENNIAL TRADING CORP. 910-inth fores

Tu: 124, 10

Affiliated Fund Am Bux B

Atom Dev Mut Axe Hought B Bullock Fund Canada Gen Ferid Canadian Fund Canadian Int., Gr. Chentical Fund Coming Block Dividend B

Imit Growth Instil Income Javert Kr. Horton Kerntobe Cut Haystone Consila MKAR Inv. T. Maw Growth ... Naec. Ser ür. Bender 81. Ci TY .. FO,

VER Wellington Fund

after a sudden sharp drop buyers

Sellers Buyers came out to move it up again to |

4.90

10.37 14.40 18.81 15.70 17.10 10.30 10.09 12.10

13.1 12.39 13.41 18.07 10.04

17.02 19.37

一般

close to yesterday's rafes.

Thursday: The relatively qufot| conditions continued to prevail and prices cased further on a very wide front. Banks dropped to $408 and Kowloon Motor Bus gradually eased on a good volume of trading of $70, Reaul- les changed hands at some volume at fractionally prices and session closed in arti Atmosphere of extreme caution. Turnover was approximately $4,200,000.

UNIT TRUSTS

carler

The Hongkong hund: $1.31

(bron), $1,30, (muller))

Second Hongkodil Funck 1.98 (buyer) $1.04 (welier),

METALS

LONDON

Afternoon Semion

No. 3 Jun

No. June

apos rubber unbated

Blanket crops.

No. 1 Dale crepe

LONDON

Closing prices all in pence per Frankfurt lb.:

Closing, prices, all in sterling | Mom #pot conectate '19 per long ton:

in.

Buk

(Beslemani hotwo terms'

Multan,

病