1961-06-23 — Page 2

WEEKLY REPORT O

THE

THE CHINA MAIL. FRIDAY, JUNE 23, 1961.

MARKET TEMPO HEIGHTENS

Lombard

16.50

Tio or Down

☆

STOCKS NEW YORK

DECLINE IN LAZIEST SESSION

New York, 22.

Re-diversion of Stocks closed lower today in just about the

capital pushes

HONGKONG STOCK EXCHANGE

* The share market at a glance ✰

Dividend

May 25

June 1

Jane 8

June 15

HK Bank

414

408

424

410

4D

5011

50s

50%

June 32 422

4934

+0

-500

✰ Bonum

$00. $2.25

Yield (%)

2.9

4.5

Wheelock

10,60

16.40

1814

1032

+400

750

HK Whart

388

380

360

388

404

+16

$12

HK Docks

114

112

120

113

** 112

steady

Talkon Docks

13

72

7214

7416

7034

+2

34 $3.20

4.2

Provident

3237

3316

315

3471

2514

++ 50

$1.30

HK Hotels

4614

451%

46

401

40A%

+100

$3

HK Lands

74

73

74

15

70

+1

$2.40

HK Really

211

2.65

2.70

2.75

2.775

+2340

13.750

HK Trams

3814

391%

39

4031

4294

+2

82.03

214

238

233

238

240

+2

$10.50

Yaumalls

135

134

133

138

136

stently

$0.50

Ch Light

37

388%

371%

3741

+250

51.10

Electrics

3741

37

37

3731

38

++250

$1.70

4.5

HR Telephone

6214

B216

35

BTAG

+244

$1.75

3

8014

40

0614

G714

0744

steady

30%

3811

30

30

401

+14

$2

4.0

40

46

50

33

534b

+++500

$2.50

4.7

5114

5144

504b

31

53

+2

$2.75

5.2

15.70n

1514

15.10

15.30

10.30

+1

750

4.0

J2.40

12.10

11.70

13

1314

+500

$1.25

9.2

20.40A

209

24.80

25,40

27%

+2.10

Ûle

3.3

814

9.308

7.95

7.00

7.80

-100

800

18.30

13.80

80%

753%

13.70 7012

13.10xd

13.10xd

steady

$1.10

82

#3

52.80.

3.4

Star Ferry

G. I. Cement

Dairy Farm

A. H. Watson

Lane, Crawford

Int'l Investment.

Allied

HK & FE Inv

Textile Corp

Nanyang

Kowloon Motor Bus

• When shares were five times their present valuo, Expected dividend for year ended February 28, 1961.

-----་

MOREandMORE

PEOPLE ARE OPENING

BANK

DEPOSIT ACCOUNTS

with

LOMBARD BANKING

SECURITY Share Capital and Reserves

exceed £12,000,000.

INTEREST. Your funds carn laterest fromt the day you deposit until the day you withdraw.

SAFETY

NO Capital Depreciation,

ASSETS EXCEED £100,000,000

Interest paid without deduction of Valted Kingdom

Income Tax.

Write today to the General Manager for your copy of "Bank Deposit Account" booklet No. A.O. 74.

LOMBARD BANKING

LIMITED DANKERS

Head Office:

LOMBARD BOUSE

CURZON STREET, PARK LANE, LONDON W.1

GIDarmor 4th 130 listen)

A World-Wide Banking und Finance Organtiation

London stocks decline in

most sections

London, June 22.

Stock markets were uncertain and with buyers away minus signs appeared in nearly all sec- tiona.

Even the Chancellor of the Exchequer's statement on the economile situation in which he reiterated the government's stand of maintaining sterling in spite of the Canadian move, failed to arouse any chthusiasm,

Glit edged were a poor market with the long and undated issues muving lower. War Loan 34 per cent fell one-eighth to 53%, and Consols 2% per cent one- fourth to 30.

Steela recovered after earlier falls.

their

Most industrials showed minor josses.

In motors, the British Molar Corporation were dull on fears of loss of Canadian orders.

Canadian dollar stocles were marked up but US, issues reflected the easter trend on Wall Street overnight,

Tins met

profit-laiding and showed fails running Into several shilings.

Oils moved narrowly to close with a mixed appearancE,

Forcism bonds were quiet. Rubbers and leas

were idle.

- UPI.

Closing prices

British Government Securities 27. Consolidated-£31.

Converton-EM.

34 1933/85-934.

37

TUCO/70-76 37, Séviņās 1908/75–27TON,

Overseas Bondi

5%, German (Dawes)-20314. 62 Japanese, Assented—£150%. Barska Insurance

Barcloys Ord-80s. Chartered Bank-574. Guardian Assurance-bos. Hongkong Bank-4105. Landel Trust-47 3d,"

SECOND HONG KONG FUND

SPECIAL OFFER OF 300,000 UNITS AT $1.03 PER UNIT PAYABLE IN FULL ON APPLICATION

LISTS CLOSE TUESDAY, 27TH JUNE, 1961

All shares included in the Trust Fund are shares quoted on the Hong Kong Stock Exchange

Applications must be made in multiples of 100 units, subject to a minimum holding of 500 units in the first instance

APPLICATION FORM

Payment must be made in full with this application.

To: Hong Kong Unit Fund Limited

7th Floors House,

KONG.

I/We hereby apply for japanese units in the Second Hong Kong Fund at the advertised price of $1.03 per unll, in serordance with the conditions contained in the ulter and subject to the forms of the Trust Deed dated 14th March, 1901.

I/We enclose cheque/money order/canlı for $............... being payment in full for the number of units applied for. I/We understand that the money will be returned to mesue in full if no Units are

allotted

1/We declaro that I/We amaro over åt years of age,

SURNAME(5) (In English)

(case state Mr. Mrs, or Mix)

OTHER NAME(5) IN FULL

ADDRESS

SIGNATURE(S)

Telephone No.

Dato

(DLOCK LETTERS)

Lloyds Bank-74μ Id. Lombard Banking Ord-18 4190 Prudential Amur. "A"-23-11718.

loyal Insurance Ord,-1685 Dd.

QU British Petroleum-408 3. Burmah OU-30 40. Shelf Transpor

Royal

Ord-12ts Ud.

Vitromar Company-30s 6.

Steels Ragineering Babcock Wilcox Ord-30s Dd. Darman, Long-33a dd. Gurat. Keen Ord119 50. Harland & Wout Ord-10 Alwarts & bluyda (

10

"od." Summers & Soña de

Tube Investments-70». United Steel—Bir Tişd. Vicker Ord.—33 7}d.

Electric

Assoc. Elec. Industries-404 9d, Brit. Electronte Ind-13% (d. Flee. & Mus. Industries dis dd. English Electric Ord-34a Od. General Elecirle Ord-343 Ed. Philips Lamp Works-C Rediffusion Grd.--448 4352.

Industrial,

Assoc. Portland Cement-803 od. Boardman Marden Ord.---8′′ 38. Horax (Holding)-18s 100. Becca Records Ord-61n ud. tintop Rubber Ord-263 1150. Finons Ord-105 1050.

up volume

HONGKONG

STOCK EXCHANGE

laziost session of the year. Activity was under three million shares for the first time since the initial session of 1961.

The Dow Jones Industrial Average was down a bit, heavier losses showing outside the leading Industrial group.

General Dynamics sank around two on

dividend omission, Ling-Temco TOGU The main feature of the Hongkong Stock nearly 14, Lockheed nearly 1

Ampex about 3, Transitron M Market this week was the ro-diversion and Publicker Industries A into the market of part of the huge large fraction.

almost down

anil amount of capital being refunded to

Republic unanimously,

3 and Lauguin about unsuccessful applicants of Jardine's Jones

point or 50. Dupont lost close shares.

to a point, Allied Chemical and Eastman This caused a sudden spurt in trading activity, same amount.

Kodak nearly

Business done nt the Hong- brought small to medium gains to share Other big losers included

this Exchange Stock kong Com Products, prices on a broad front, and brought the Helene Curtis,

Honeywell, #3d MGM all morning amounted to approxi- volume of business to near record heights. down around two or more,nately $4,500,000. Noon quota- Instruments dropped tons and the morning's trans- For some Uime previously, allocation of Jardine's

shares, Texas the market had been quiet to The day's turnover was appro-about four.

Aldens, Inc., International Bhares Buyers Bellers moderately active.

The sudden spurt began on Tuesday when the approximate turnover reached $12,450,000 which was more than double that of the previous day.

Trond continued

ximately $3,600,000.00.

siccis

were

the

Dividend & Bonus announce- nickel, and Richardson-Merrell were among the good gainers. ments during the wech:

rising more than a point each.

Dow-Jones closing averages: 30 Industrials 835.70 of 0.30 20 Rails

14.10 of 0.22 15 Ulhilles

011.72 off 0.11 05 Stock

227.64 of 0.20

-UPI.

Wheelock Marden & Co., Ltd. Interim 50 cents per share, and proposed new issue, 1 new share for every 2 shares held upon payment of $10.

10

The trend continued on Wed-

Allied Investor Corp. Ltd. Fl- nesday and yesterday, the turn- nal 50 cents per share, and bonus over being respectively $8,000,000 issue, proportion one new fully (second highest for a Wednes-paid up share for every day half-day session) and $12,-shares held on 14.7.1081. 700,000.

Peak Tram Bonus Issue, three However, the market cased a

[fully paid) shores for every pared with the morning session.tfully paid) shares for every 36 little yesterday afternoon com- eight fully paid shares, and three

Hongkong Bank shares reach-partly paid shares.

with

ed $420, before closing at $422 Monday: The morning session yesterday, a gain of $6 com- was quiet and cautions pared with the previous week. price changes very small.

Hongkong Wharves made a 21⁄2 percent overnight jump en Wednesday, the price being $400. They closed at $101 yes- terday.

The best percentage rise (12 percent) was seen in Hong- kong and Far East Invesi- ments, moving up from $25.40 to $2714

after at the close touching $28. The volume of business for the week under review (Friday to yesterday) was about $42, 700,000, compared with $20,- 040,000 the previous week.

The Hongkong Unit Fannds Limited have made a special offer to the public of 300,000 units at $1.03 per unit of the Second Hongkong Fund. Thc offer opened yesterday and will close on Tuesday, June 27 at 3.30 pm.

Today's selling price of the Second Hongkong Fund is $1.00 per unit. The buying price is $1. The First Hongitong Fund's prices are: $1.33 (buyer), $1.41 (seller).

Buyers obviously waited for an easier tendency in the after- noon but were disappointed, the movement although Imctional

was generally upward and the market appreciably stronger.

Gas shares broke through the $23

U.S.-Japan

economic

committee

Washington, Juno 22.

Our Own Celtaspanden);

actions:

1 Bank.. 420 422

Lon. Bek

E Asia Wharf Talkoo

Baler

006424

EO + 474

100 L 423

*

$424

120 $22

205 420

118

404 100 400

100 70

10075

7511

20

400 75:2

HK Gas...

23.10 23.20

2000 23.30

2006 23.30

DOJ + 23.10

Wheelock Ex. All

barrier on an unusually The United States and Japan | FIKK Dock ..

inrge volume, while Bank shares were done at $416.

Turnover was approximately $5,290,000.00.

Tuesday:

5000 6

1000 201 1400 A 33,40 20302130 1000 2 13.20

200 23.30

2000 23.20

2000 2ND 10002320

14.40 141 2000 14,00

5000 14.50

1000 141

7000 e 1434

112

113

200 113

100 112

today established a joint

Provident - 2312 303 3000 or 2314 economic and trado com- mittee of #ix Cabinot Hotel. members each which will meet alternatoly in Wash- HK Land.. Tokyo ington and

to "'eliminate conflict" in

1000 40 4034

600 40% 5000401%

75 7516 1300 74

$00 470 600 F 75%

Stia

.00

17

thair trade and financial policies.

The economic committee will Yaumati meet at least once a year.

Today was one of the busical days un record with

rising prices

as the demandi overcoine the supply. Galas were fairly evenly spread and almost at a uniform rate. Gas shares led the board twice i leading the utility section which showed the greatest volume, Wheelocks did not quite reach the $17 mark but at the close sellers would not sell below. This will mean that more than The tempo at the end was fast half of the US. Cabinet will go and the market was very strong to Tokyo at least every other with a turnover of approximate- year. It will also mean that six ly $12,450,000.00.

Japanese cabinet members will Wednesday: Yesterday's trend come to Washington to and pace were continued today, meetings. but the interest appeared to be The portfolio of First Hong-

This was more evenly spread. More sell- kong Fund is:

The Hongkong & Shanghai from rising to any

ers appeared, which kept prices | result of three days of conter- Chemicals

great de- ences among President Kennedy, Imperial Chemical Ord-71 435.

Banking Corporation; Inter- gree, but the trend was still Japan's Prime Minister Hayato Alonaanto Chemicals Ord-22s 4d, national Investment Corporation upward and volume caused con- Ikeda and other high officials on

Ltd.; Hongkong & Far Eastern siderable congestion On the seeking closer partnership be Investment Co., Ltd, Gilman board. HK Far Eastern Invesi- tween the SWD

big non- (Holdings) Ltd; Unlon Water-ments gained while Allied In-Communist

powers of the boat Co., Ltd.; Wheelock Marden vestors cased a little after a Pacific. & Co., Ltd., The Talkoo Dock- good start. Dairy Farms were yard & Engineering Co. of Hong-dono at $10%1⁄2 and Wheelocks kung Ltd The Hongkong & at $17. Tumover for the half Shanghai Hotels Ltd.: The Hong-day was approximately $8,600,- kong Land Investment & Agency 000.00.

Gilman (Holdinga) Ord.-da 41%d. International Computers-dia Od. Turner & Nowall Ord.---C03. Unilever Ord-1423 14, Wiggins' Teape Ord-02; (d.

Cinemia & Television Mosa Empires Ord-Da du. Hank Organisation Ord-20s 1d. Sloll Theatres-78 1054.

Paper

Bowater Paper Ori-67 48. De La Rue Ord-30% dt. Spicers Ord-5ts.

Tobaccos

British-Amer, Toh, Ord-66s 450, Carreras "B" Ord-39. Imperial Tobacco Ord-099 34.

Motors

British Motor Ord-15s 30. Hawker Siddeley Ord-vs sd, Jaguar Cork Ord-100= 70. Taks-hoyce Ord-439 18:ŷd. Westland Aircraft-03 754.

Texules

Bradford Dyer-10. Callco Prinfers' Ord-12 100, Courtaulda Ord-37′′ 105. Fine Sinners Dru-20 Lancashire Cotton Ord-30, 74%d. fireweries Distillers Co. Ord-Jða Tijd. Guinness (Arthur), Ord-641 80. Ind Coope Drd-4 1.

Atores Great Universal "A" Orthda 18d.

House of Fraser Ord-5p tid. 1yonɛ (J) "A" Ord--76% 6. Maris de Buoncer "A" Ord-13

· & Lyle Ord-488 30. Unlied Drapery Ord--728 36. Woolworth (W.) Drd.-658 1d.

Miscellaneous Bowmaker Ord--201 34.

Brit. Commonweal Ship, Ord-36 Canadian Fatille Ord-$46- Cunard Steamship Ord-50_493. Forestal Land & Timbers 4:50. Furness Withy Onl47 8 Hongkong & Clilna Goa-mIŠA, Hudson Bay Co.-E9-19/12. Indo-China Dot, Ord-22 Land Securities Ord-32a.

¿

3d.

P. & O, Bleam Nav. Det-40 2

Minas

De Bears Def—1709

Landon T Corp-205.

1-128.

Petaling Tjo-lis Od. Rhokana Corp-438 11pd. Hio Tinto liearer)-37_Gel Rosn Antelope Copper-0% 411⁄2¢. Union Corporation-45s. Welkom Gold Mining-12 74. West an

Trunt-409.

Western Ho

Rubber & Teas Anglo Indonesia 20

Plant-4 üd, Ceylon Tea Imperial Tea Ord-18s d Kuala Lumpir-Kepong--3s 3. Lambak Rubber-dis J.

Itoutor,

Agreed merchant

Co. Ltd.; Hongkong Tramways Ltd.; Hongkong

燕

Yaumati

Ferry Co., Ltd.; China Light & Power Co., Ltd.; The Hongkung Electric Co., Ltd.: Hongkong Telephone Co., Ltd.; The Hong- kong & China Gas Co., Ltd.; The Green Island Cement Co., Ltd; Lane, Crawford, Ltd.: The Texille Corporation of Hong- kong Lid; Nanyang Catton Mill Ltd.; Ainalgamated Rubber Estates Ltd.; The Rubber Trust Ltd: City Hotels Ltd.; Dairy Farm, Ice & Cold Storage Co, Ltd.; A. S. Weison & Co., Ltd.; Jardine, Matheson & Co., Ltd.

The portfolio of Second Hong- kong Fund is:

:

g

132

130

100137

1400 GT 73

100+4915

100 * 50

440 or 4015

200 11 100 g 135 300 un 130

10% to 133

100134

43% 1000 et 4224

100 43 4000 49%

1000 + 3731 1000 k 37

НК Tram

4331

altend

Ch. Light

374 37

the most specific

Electric

374

38 5000

A communique issued by Mr Kennedy and Mr Ikeda also Telephone pledged close consultations on major world issues.-UPI.

COMMODITY PRICES

RUBBER

NEW YORK Rubber futures closing prlees, all in cents per lb.

July

Sept.

Nov.

Jan.

Mar

May

LIVERPOOL

៥៥ BY

G.L Cement aft

10%

Closing prices all in pence Dairy Farm

Texulo Nenyong

per lb.:

American Contract

July

23.09

LACE.

Watson Alised

TV 13.33 1319

Dec.

Mar.

24.00

1000

1000

May

July

20.10

7.70 7.80

REX Standard

70.10 30.33

Mixed Contract

July

34.00

17.70 33.10° 2009 @ 13.

29.00 29.15

2000 12,00

OcL

24.00

30.70

20.13

Dec.

24,83

18.70

Mat.

23.20

Amal.

lub.

28,83

Мву

29.20

21.03

July

-UPI,

Rub. Trust.

City Hotel

LONDON

Humphreys

Closing prices all in pence per

2415-25

2472-23

25-23

METALS

The Hongkong & Shanghai Banking Corporation; Inter- notional Investment Corporation Ild.; Gliman (Holdings) Ltd; b. Hongitung & For Eastern Invest- No. Ren spot ment Co., Ltd.; Wheelock Marden Settlement house dermi Whampoa Dock Co., Ltd.; Talkoo & Co., Lud; Hongkong & July

#5-25 Dockyard & Engineering Co. of JanJar.

2595-253 Apr.Dune Hongkong Ltd.; China Provident

240-233 July Hept.

25-23 Co., Ltd.; Hongkang & Shanghai General markets, c.lf, basin, part: Hotels Ltd.; Humphreys Estale July

2419-241 per long ton. AUR. & Finance Co., Ltd.; Hongkong Esiste crepe thin July

2414-213

Tin spot 3-month Copper spot Vra

3-month

Intel July...

COTTON

Realty & Trust Co., Ltd.; Hong- kong Tramways Lid.; Kowloon Motor Bus Co. (1933) Ltd.; Star Ferry Co., Ltd.; Hongkong d Yauma Ferry Co., Ltd.; China Light & Power Co., Ltd.; Hong- kong Electric Co., Ltd.; Hong- kong Telephone Co., Ltd. Hong- kong & China Gas Co., Ltd.; Green loland Cement Co., Ltd.; Dairy Farm, Ice & Cold Storage Co., Ltd Textile Corporation of per bi Hongkong Ltd.; Nanyang Cotton Mill Ltd.; Amalgamated Hubber Estates Ltd.; The Rubber Trust Ltd.; Jardine, Mathenow & Co., {

Ltd.

Market diary

NEW YORK Closing prices all in cents

LONDON

Closing prices, all in sterling

Lead Spot 3-monthi

Zine Spot S-month

buyers sellerm

920 950

230 230!!

T

1000 or 12.00

1000 0.05

0.00 0.45

1.00 *

1000 0.53

034 100 or 30

Realty (0) 21 2775 2000

1000 g 28.10

2000 g 275 10000

Леніну

{N}

KMB

DI

$2.10

212 100 210

Blar Forty Lane,

Craw. 83%

55 2009

K315 1500 54

Int'l

145%

1.00

00

300 27.19

FOREIGN EXCHANGE

LONDON

Closing rates:

Montreal

27036-2703% 100-267 10.01-10,014 139.00-199 0 16.8236-19.32

200 65

Invest 1810 10.30 1900 et 10.00 4200 10.20 HK & FE

Inv.

275 27.70 3000 271

Gilman

Ampy Union ijoat UnderwriteTM Asia Nav...

500 G

1.33 5.35 2000 A 5.40

4000.00 2000 + $.30

200 @ 15

Exchange rates

Businem was dote in the locat excitings, market this ineralng at the following' salon US dollar. (per_83)- KERANGKEPT | Sterling noles (per 43)

Australian notes (per di) Indoening uplate (per 201 0216-120316 ·| Plam 1500 (5¥ 100}"

·UPL. Singapore (Mirants), JN

July

33.17

Ort.

3401

Dec.

3447

Mar

20.20

May

30.03

July

25.30

Ocf.

34.31

New York

Dec.

Anisterdatn

whose

CM June #

74

Friday: Price changes were megligible on a small volume

(Closing prices all in cruzeiran Canadian Dollars maximum with a tendency to rise frac per lo). seiling 17 11/16, minimum huy- tionally in the afternoon.' Thero Average price in US, at 14 Blockhožní ing 10 TT.; 181/10 Q4).

were no featurca Worthy of designated spot markets: 02.30 Mita Bwiss Francs maxinitiin selling | stute, investors apperalių to be | centi.

Waiting for the details of the Total sales: 6,039 ples.

BAO TAULO

All unquoted.

Copenhagen Frankfurt

Dalo

10-

Haria

Viens

Zurich

(in the case of joint appijsations all persons must siga. Corporations should complets under ille hand of an authorsapsi offeur designation should be stated)

rates