1961-06-30 — Page 2

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THE CHINA MAIL, FRIDAY, JUNE 30, 1901.

WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE

MARKET

But more minus signs than

last week

There were more minus signs than plus signs in the China Mail list of shares on the Hongkong Stock Exchange this weck.

After opening the week on a steady tone, prices weakened on Wednesday only to strengthen and close firm yesterday.

21 end of the seasonal! The volume of business for "pressure" un investors helped the week under review (Friday to improve the market at the to yesterday) WW US about $39,250,000, compared with $42.700.000 fot the previous

close.

Telephones text the gainers, i week. TOMÍA AP to a peak of $62 before closing at $60% yesterday,

compared with $57% at the close

on the previous Thursday.

Today That they are Telephone Hause, Hongkong; to

Full-Stereo 1 the principal tenants, Messrs.

TAPE RECORDER

EL 3536 $1,495.00

PHRET

PHILIPS

Sole Distributors: CENTRAL RADIO &

ELECTRIC CO.

58A Nathen Road, Kowloon, Tol. 68324.

Lane, Crawford Limited.

Market diary

oi

The Hongkong Telephone Friday: Today was a day of Company Limited announced | mixer fortunes and regular selling movements. The morning session showed distinct hesitancy and prices cased slightly on a wide front caused by A degree impatience by the sellers. Buyers wisely held off at this stage bul in the afternoon took advantage of the favourable prices enabling the market

close ካነ reasonably strong note although lower on balance. Turnover was approximately $7,090,000.00.

an-

As a result of the safe, the company are presenting share- holders one free share for every 10 held.

earlier The company nounced that they have offered i pharholders new shares at $25 nominal weh ($10

plus $15 morial, in the rallo of one for every sive held.

The new offers will increase The company's issued Leapital from

nounting

tes

D

Monday: As was to be expected | this was "Jardine's day" which opened with a spate of buying

shant about $32 from which mark 5 million shares little leviation was seen in the

(nominal) to 6,590,000 amounting to $05

(nominal).

shares million

million į morRUK.

During the afternoon the price cared for $314, Tele- phones not to be outdone by such a new competitor were dope in considerable volume ap

Jardine shores were quoted

נז!

on the Exchange for the ratio a record price of $50. Other- time on Monday. Opening at $32. the price hit a peok of $32.50 before casing off to $31 %. About $2,550 shares were told that day. Prices gradually ensed oft

to a low of $28.80, but recovered somewhat to close at $39 yester- day.

Canadian Pacific

OFFERS

LOWEST,

TO

FARES

NORTH AMERICA

ECONOMY

$308.40 LESS THAN JET FARE"

4 INCHES MORE LEGROOM

FIRST CLASS $513.90 LESS THAN JET FARE SUPERIOR INFLIGHT SERVICE

Exclusive

with

LOUNGEAIRE

Canedion Pacific

9 INCHES MORE LEGROOM

FULLY RECLINING SEATS NO MORE THAN JET FARE*

*1"

* Round Trip - Hong Kong/West Const

Fly Canadian Pacific

HK Dank Lombard Wheelock HK Wharf

HIK Lands

HK Realty

Yaumatis

CLOSES FIRM

glance ★

Yield (%)

HONGKONG STOCK EXCHANGE

Hour Own Cormqondent

Business done at the Hong- kong Stock Exchange this morn- Ing amounted to opproximately $5,010,000. Noon quotations and the morning's transactions;

Bharos Burera Bellori

Talkoo Duck

E

500 40 23.

The share

market at

da

June 1

June 8

June 15

June 22

June 20

408

414

416

422

422

Up or Down

steady

Divblend

& Bonus

$60

2.0

50m

501

50%

4934

G01

+1

$2.28

4.0

10.40

1015

1034

10.90

14.30 Ex all

200

760

4.4

380

380

388

404

400

$12

2

111 Bank ..

420 +22

40 65 474

IIK Docks

112

110

112

112

112

steady

250 422

KA

3.4

322

Taikoo Blocks

12

7234

7414

7614

75

83.20

4.2

Asia

Provident

334

3937

3434

3514

3517

-250

$1.30

3.7

410

40402

0402

HK Hotels

4514

40

4014

48

43

+1

*3

74

78

75

-1

2.65

2,30

2.75

2.775

2.75

+2.50

49 $2.40 13.75€

+

100 404

15 7311

100

70

HK Ga 23.10 23.60

2000 23:

IK Trams

3014

30

4011

4221

43

+250

$2.05

4.8

Star Ferry

238

238

238

240

23(b

-G

$10,50

4.5

1000 of 23.30

134

134

130

136

130

steady

2010 23.20

$0.50

37

30%

37%

3734

3731

steady

$1.10

2.9

Wheelock

37

37

.3774

38

3814

+250

$1.70

4.5

Ex. All...

14.30 14.40

7000

5214

5214

35

STA

0024

+3

2000

$1.75

2.9

1000

66

0036

6734

0714

07

-500

54

5.9

385/

30

30

40%

4104

+75c

$2

4.D

10

46

30

53

B914b

$314

Blead

$2.50

4.7

HK Dock

112

5134

BOLD

51

03

551%

+24

Prevident..

$2.75

5

HK Hotel

4312

15 n

14.10

15.30

10.30

10.30

sleady

750

4.0

1000 ur 401

12.10

1170

13

1344

13.20

30c

$1.25

2.4

24.80

B.30M

7.85

25.40 7.00

2714

26.00

-900

90c

3.4

7.80

7.005

--200

800

10.2

13.80

13,70

13.10xd

13.10xd

12.80

-306

$1.10

8.0

7034

704

83

82

$2.80**

3.4

30

800

2.7

HK Land..

(1.).

7415

100

11 Tram..

1000 9 43

C. Light...

371 372

100 K 342

2000 37

Ch Light Electrics

K Teleplione G. I. Cement Dairy Farm

A. S. Walsen Lane, Crawford Toll Investment Alles

UK & FE Inv

Texille Corp

Nanyang

Kowloon Mater Bus

Jardine's

* When shares were five times their present value,

Expected dividend for year ended February 28, 1961.

WALL STREET | LONDON

STOCKS

CLOSE

EASIER

New York, June 29.

London, June 29. Stacks clung" on to yester- day's batter trend al- though trading volume stayed small, price move- ments NGETOW. Today's unchanged bank rato helped to increase prices of industrials.

Many leaders managed to gain but they

mainly

were

Stocks closed on an easier note today. Enthusiasm was at a low as activity plunged be-measured only in pennies.

low some of the recently dull sessions. Some traders perhaps started early on the Fourth the trend of July holiday weekend.

Rubber, steel and savings and

wise the utility section were the i most prominent the Beldoan stocks were up but chemi- cals were weak and most other groups had a good smattering | of USEDS.

which showed a strong tendency. Turnover

approximately WAS $9,930,000.00.

Prominent

included Zenith, Avnel, Ingersoll-Rand, and Cessna

Standard Oil of Ind. Standard THI BỈ NI Steep Roc

Sterling Dơng Co. Stokely-Van Camp.

Studebaker-Packard Corp.

Swift Co.

Texas Co.

U.. Oyprum

British Unilever ran against

1A and dipped pence to 140 shillings.

Stores, tobaccos and breweries found favour while engineering, motors and building shares were often higher, dull sectors were textiles, shipping stocks

and electrical equities.

Coppers gave

22 Arm up opening but ting mainly made headway.

100

Union Carbide

130

Union Pacific Railway

United Aircraft

4435

16232

5012

Oile see-sawed

narrowly

341

through the day.

Wamer Bros

19

Westinghouse Electric Woolworth (K. W.)

Little change shoved for mulders and teas-UPI.

76

US. Rubber

Sinelting

losers

Aircraft-all down early three or more. Youngstown and Lukens were strong spotsus. In the steels, Vendo, American Seating MSI industries and Thompson Ramo added about two or more,

Tuesday: Prices were a little easier today with Jardines re- acting to the profit-takers closing at Around $29.29. The main exceptions were Telephones which

attracted consistently buyers at $50 and Hotels which were done in reasonable volume steady price of $481⁄2. AL Watsuns opened at a lower level

by $57 while point but recovered Rubbers anl Textiles were Allied Chemical and Union neglected. Turnover was ap-Carbide leaving the industrial Rails proximately $6,830,000.00.

average on lower levels.

and utilities stayed on the nar- Wednesday: This half day: trading was busy but selective row side.

Blue chip losers of about 21 Poni, or so include Du

with only fractional price Today's volume was 2,500,000 changes and no particular trend. | shares. Jardines cased gradually to

below $29 but then recovered i Of a total 1,224 shares traded

$20.30.461 were higher and 526 lower, sharply to Onish at Utilities took a good share of American exchange volume the business at steady prices, i was 1,150,000 shares, Gilmans attracted buyers and 'clused higher. Turnover was approximately $4,220,000.00.

Bonds $5,290,000.

Dur-Jones closing averages

Thursday: At the opening were: Telephones dominated the 30 Industrials

market with remains of a new 20 Ralis Issue and a frenzy of buying 15 Utilities rusher the price up to $62. Later 65 Stocks some profit-taking brought the 40 Bonds price down to $60, Hotels Comm.

attracted attention a closed at $48 un a strong rise throughout the day. Jardines recovered and were done consistently at $30 and better. Bank: Improved, Dalry Farms gained more than

51 while Wheelocks Improved on

moderate

ກ

turnover.

The

market close in a strong incor with turnover of approximately

$10,380,000.00.

Cotton market

New York, June 29.

U.S. Strel

Closing prices

Belilah Government Becurities 3. Corsolated-381.

Conversion-253.

3

US. INVESTMENT QUOTATIONS

The following are investments as in American dollars. Buyers' prices include commission:

Seltern Buyers

1.30

4.02 4.04

0.14 10.14

14.17 15.33 15.43 10.03

18.11 19.00 12.83 12.451 13.45

12.10 147.24 Founders Mut. Fd.

J. Savings 1055/55-00-15/16. 3. Savings 300/70-77-15/16. 3%, Savings 1095/18--270-3750.

Overseas Bonds 5%, German (Dawes)-RBD35. 5%, Japanese, Azzanted—£ 157.

Banks & Insurance Barclays Ord-12 01. Chartered Bank-508. Guardian Assurance-50s Bd. Hongkong Bank-E1872. Lloyds Bank-60% 08, Lombard Banking Ord-iba 35. Prudential Amur,

Royal Bank of Canada-23-15/40,

Royal Insurance Ord-2001 90.

Drill Petroleum-485 30. Burmah O-30 d

Shell Transport Ori-124s. Royal Dutch-125. Ultramar Company-50s 4154.

Steels: ngineering Babeack & Wilcox Ord-30s 3d. Colvilles Ord-pas,

Guest, Keen Ord-0913d.. Harland & Wolf Ord-165. Stewarts & Lisyde Ord 156, Aummers & Sons Ord-da 21. Tube Investment--305 101. United Steel-As Vickers Ord-320

volume amounted

to

€81.05

Affiliated Fund Am Bue. Shm Alom Der Mul Axe Bought B Bullock Fund Canada Gen Fund Canadian Fund

138.30

Canadian Int. Gr

21.70

111.27

Chemical Fund

Commith Stock

57,00

19.23

228.23 84.28

Dividend Shro

3.34

3.09

Dreyfun Fund

17.39

18.90

Eaton H. Stock

14.82 14.90

future price

Electronics Inv

7.07

index

Inn Fd. HC-7

1.30 13.23 5.07 11.20

11.74 12.84

11.03

11.04

CLAY

7.30

12.31 13.45

$ 60%

21.7%

23.73

福

16.41 17.75

24

14.09

10.27

Amer, & Forg. Power

11

Moss Growth

17.77

in.42

32

Nat Sec. Ger Gr.

953

10.42

001%, Sendring St. & Cl

20.03

20.03

1174

Telev El. Ft.

(1.80

1.61

95% | Value Line Fun!

7,07

7.61

VIE

1103

12.01

75

Wellington Fund

15.22

10.59

Dunlop Rubber Ord-20 Figons Ord-- Kİ,

3d.

Closing prices

Aldos Inc. Acy, Ailled Chemicala American Airlines

American Meinl

Americon Smelting

American Tel & Tel

American Tob

Auneonila Copper

Armen Steel

Armour

All Cons. Mining" Haltimore & Ohio Relchem Steel

Pacific

Chase Manhot, Tank

Chrysler Motors Colgate-Palmolive Co Commercial Credit Consolated Edison Crane Co. Crown Zellerbach Cuban Amer. Jugar Dlainand Alkali Dupont de Nemours

Cotton Futures were slightly Eastern Air Line

highor and quiet today.

were

Eastman Kodak Ford Motor General Electrio

Commission houses bought General Foods July and March and other General Motors months. There

two tendery Issued against the actual contact minking a lotul er 100 so far,

Getty Oll Glidden Co.

Goodyear Tyre Out O

Heyden Newport Corp. Illand Steel Co......... Int'l Business Machines

New York opened 8 higher Int'l Korvester

+1

to 5 lower,

International Nickel

m' Tel Tel

Kansas C. Power & Light Kennecou Cupper

At the close, New York ruled seven points higher to four Litton Ind....... pointa

New lower.

Orleans Lockheed Alterart

Loews Incor futures closed seven

points Lone Blar Cement Co. higher to one point lower.--| Minnesota Mming UPI.

Mision Development Montgomery Ward National Cash Reg. "A" National Lead ... New York Central Olin Mathieson Otis Elevalues... Parlie Gas & Elec.

Agreed merchant

rates

Canadian Dollars maxim selling 17-25/32, milum buy- ing 18-1/32 T.T., 18-3/32 O..

Helgian Francu maximum soll- inx 954.

West German Deutschemarks maximum selling 08-5/10.

Pan American Airways Paramount Pictures Parka Davis Co. Penn. -All Co. Pitsinurgh Plate Glam

tadio Corporation

temible Steel Jaynalds Metal Reynolds Tubacen

Rhielais (1

Bocony Mobil Di

Standard Brands Standard Oil of Cai,

473

Insiit Found

Instil Growth

Instit Income

Invest Tr. Boston Keystone Cust 32

Keystone Canada

Masa Inv. TC.

New York

sugar

Now York, June 29, World No. 8 sugar futures today closed unchanged to four points higher with salas of 35 contracts.

were

The domestic No. 7 contracts closed unchanged 10 one point higher with sales of 7 contracta,

World

rufures quiet and domestic sugar dull. A U.S. dealer purchased 3,500 astons of refined migar from India packed in bags for August ar- | rival at the equivalent of $0.41 scents a pound delivered basin. 2415

This In the first reported 035 buainers against India's 225,000 3 tons thare in the latest realloca- tion of the former Cuban quola 10% for 1901.—UPI.

דל

27

45%

UNIT TRUSTS

First Hongkong Fund: 9131 (buyer) $1,48 (seiler),

Second Hongkong Fund: $1,02 (buyme) $1.00 (win).

Electric

Assoc. Elec. Industries—30=”td. Brit. Electronic Ind-i2m 4!1⁄2d. Elec. & Mus. Industries—40 d. English Electric Orá-3ės 3d. Feneral Electric Ord- 3d.

Lamp Work- CID-19/37, Redifusion Ord.-12 101 d.

Industriale

Assoc. Portland Cement-79a 10. Boordman Marien Ord.--65. Borax (Holding)-184 30, Decca Records Ord-59% 9.

Gilinan (Holding) Ord.—G 4!;d. International Computers-221 90. Tumer & Newall Ord-63 4:10. Unilever Ord-140 1d.

Chemicals Imperial Chemical Ord-70s, 4}%d. Monsanto Chemicals Ord-21

Cinemas & Television

Moss Epires Ord-Da 94, Rank Organisation Ord.-250). Bill Theatres 715d.

Paper

Bowater Paper Ord--5dx. De La Rue, Ord-57% 35. Spicers d

Ord-4 Bd. Wiggins

Tobaccos British-Amar. Tab. Ord-65a 9ð. Carreras "B" Ord-l# 10350. Imperial Tobacco. Oro-Bih od.

Motors British Motor Ord-15 3. Hawker Biddeløy Ord 208 4140. Jaguar Care Grő-sis 1jjd. Rolls-Royco Ord-46s. Westland Afteraftmids slid

Textiles Bradford Dyeri-iša 101⁄21⁄2d.. Calico Printers; Ord-120 2354. Courtaulda Ord-30s 9d, Fine Spinnere Ord--žda od. Lancashire Cotton Ord-55# 10164, Breweries Daliers Co. Ord. Guinness (Arthur) Ord-541. Ind Coupe Ordelja 151⁄2d.

64.

Great Universal Ord--58a Great Univeral Ord-03 7id.

House of Fraser Ordudla éd. ons) "A" Ord-76# 6d.

|6d|

& Spencer "A" Örd-112s

Tate & Lyla Ord-464 Dt. United Drapery Ori-72# @d, Woolworth (F,W,) Ord-004 10364. Miscellaneous Dowmaker Ord-19 10.

Canadian Pacific Ord-g1335. Cunard diskmahlp Özdilde 9d. Forestal Land & Timber-19s 2jåd. Hongkong & China Chau–162. Hudson Hay Camzaji. Indo-Chine Def. Ordis 33. Land Brezeltier Ord-Ita 27. & 13. Hlukty Nav. Def.=-408.

British Tin Investment—its 9d.

De Meern DUŽSIIM DA

STAYS STEADY

London Tin Corp.-20s 9, Mount I-53m 2015ct, Petaling Tin-1s 3d. Bhokana Corp. 418 td.

o Tinto (Bearer)–376_64. Roan Antelope Copper-os 3d. Union Corporation—449 Gil. Welkom Gold Mining-1in (d. West Rand

Western Hold List-don.

Sd,

Robber & Tons Anglo Indonesian Plant-49 46d. Ceylon Tea Orth Ed. Imperial Tea Ord-15s. Kuala Lumpur-Kepong-21 2%. Lambak Hubber—600.

-Neuter.

WALL STREET

CHATTER

Now York, Juno 29. Most indicators now show condition in an oversold

tho market, tho

typo

which usually precedes a

100 73

75 2700

5016 Youmo!!.... 133 130 100 6

43 3.200

Elecule

33 3014

EDITI 3500 3716

10037 4000 37 15

100

2000 1000 1 11316

300 60

1000

Teleplianc

53 581

2300 LA BU

000

300 or 5%

3000

S

300 F 00

1100

50lá

2000 6 B

330 65 59

500 1915

1000 593

200 69

3000 + 58};

1300 08

200 00

Jud

200

07

68 2200 7 0755

100 ta

Dairy Form 413% 4115

Coment

Wolson

rally, according to Joseph || Texuls E. Granville of E. F. Hutton and Co.

He says the market now looks quite receptive to bullish news that could effect a strong price reversal and does not see any change In the expectation of a sur.mer rally of "surprisingly good proportions."

2000 41A

500 4 $15%

200 ut 42 400414

200411

3000

2000 @ 41

.00

2000 2015

2000 (9.90

23.770 tap o z30

10000 or 2,775

11000 2.773

10000 22

2.03 12500 # 2.625

1000 / 2,675

1700 2.425

12 180 or DIYE

A. Rubber.

It. Trust.. City Hotel.

8.40 7.05

27.05

1000 ##

30 30

40 10 30

200 341

Humphreys

2015

20 1500 25.00

Really

(Old)

(New)

.. 2.0

X.M.D.

#11

Д

more Lase

Star Ferry

230

Jardine

*

30%

Martin Gilbert of Van Alstyne, Noel and Co. says be

because optimistic apparently has been forced from thrust which a now upward could gather enough momentum to again test the all-time highs. He says the market now seems to have discounted most of the bad news and the longed-for summer rolly now seems to be in the offing.

Shearson, Hammill and Co. writes that the current Com bination of

government defcit and a rising gold stock provides a favourable monetary for the stock background

market.

James F. Hughes of Auchin- closs, Parker and Redpath, noting there was a new high in bank investment for the wet ended June 14, says the record

bull shows that every major market peak since 1910 preceded by a high in the investment holding of the mem- 'ber banks.

Was

On this basis one could expert new highs in the stock market, he says.

Alexander

Hamilion Insti- tute believes that because the gross national product is CX- pected to reach an annual rato of $530,000 million by year- end, the trend in government deficit spending still is upward and there are signs of under- lying demand for good stocks on days of market weakness.

Bache and Co tells clients that the absence of a significant selling climax and the failure of rallies to attract a substantial following sarcats that a clear buying point has not yet developed

UPI.

Exchange rates

Business was done in the logai market This uncficial exchang morning at the following rates: 1.9. dollar (per $1) ............2247

3007 aleeling ndies (per £1) ...***** Australian notes (per El .....

10.00

12.19

Indonesian rupiah_(per 100)..

20

Singapore (train)

...............142

KARANAN 1501aad) studs KETULO

អ៊ិន

L., Craw., 2016

Int'l Inv. 10.30 201 II.K. & F.E.

Inv.

220 L BA

500 gr Ba

2040 6/ 2015

100

2:30

350

2100

30 30

100 or 3015

100

10

301

1050 3

#2

700 # 52

910067

2000 or 16.40

500

20.70 20.00

26,70 200 g 20.00

1000 4 20.70

1000 28.79

Gilman

6.30

1000

5,40 2000 1 0.40 4000 or 5.35

V. W'host U writers

30 14.20

*TO 4 3015

Copper firm's offer

Salt Lake City, June 29. Kennecott Copper Corp. hos con- offered all unions, whoJE tract expires June 30 at 18 Western Mine division, a wage package for one your costing.. said the company, ten cents_an The hour for each employee. offer includes a wage increase of

seven cents an hour and fringe benefits.

The offer was made to the Mine, Mill and Smelter Workers Union at a bargaining session liere. It was also uffered tu more than 80 Jogal unions afliated with over 12 Interna..

tional unions whose contracts expire June 30-China Mail Speetal.

Dividends

London, June 20, Dorman Long & Company Limited declared an interim dividend for the year to Septem- ber 30, 1981 of 14 per cent, tore tax, on the ordinary shares, payable August 18, 1001 to holders registered on July 10, 1051; Brillah Celanese (con- trolled by Courtaulds) a Anal dividend of 10 per cent, making 28 per cent for the year to March 31, 1901, against 40 per

cent. Consolidated net prost was £2,350,107 aguinat £2,397,- 857--Ching Mall #proin)....