THE CHINA MAIL, FRIDAY, JULY 14, 1961,
WEEKLY ·REPORT · ON THE HONGKONG
STOCK EXCHANGE
EXTENSIVE
DOWNWARD TREND CHECKED LOSSES IN
London share Dairy Farms
market likely to remain
The
sensitive
London, July 13. Investors' Chronicle Market Newsletter says:
"Gilds are still in a climate phase with some increased pris- Jure, psychofagy being the donnant factor to industriel... The extent of a technienė rally is depcadent pion activity which is restrahl by seasonal factors,
"Golds show a lateral move- ment along the line of the May June resistance levels. Te bare metals, roppers are rush: trest with al-zinis maintated, thld; are testing, recent resistances,
"Ther is a minor consolida- tion on Wall Street after the recent rally. Contrary İ fluences of lower bond prices and infatimary psychology are richt.
"For a week nr 19% you of least the Tunckia stock marketz will be at the mercy of con- jecture, and they are likely to
sensitive in remnin
view of troable bearing on the economy.
"Small transactions routinies
have disproportionately
11
large effect or prices; but sineu there is a heavy selling an since there is confinued instin- tional invettisent at levels only marginally below the market, it seems likely that any further falls will be my fractional ro long as no further deterioration beeonies apterent 1: th: economie position.
"Although the probable pattern for the next few months at Feast would appear to be one saf title change on balance. selerive ant discriminating in- vestown should continue to he the order of the day."-China Mail Special.
and Lands
are firm
The Hongkong Stock Market improved on the whole this week with the two Electri- city companies taking the limelight. After two weeks of small declines, the downward trend was checked with the China Mail list of shares showing eleven gains, seven losses and nine unchanged.
** market eased off from | than recently, but still the Elec- yester-tric Companies provided more The week's best levels day probably In expectation | than thelf share of the interest.
Brita Both Companies son increase in the
the topped $40 barrier and closed at their ink rate,
Elcetries and Lights moved strongest, Docks were done in Tele- apnk of $43% and volume at about $117.
phones were in demand at $12% respectively on Monday.
showed better prices, but sellers were However, both shares AN appreciabile
the folsby. Wheelocks were done in drup
reasonable volume, both the lowing day on the two
cam- panies draying? ours that shares and the Rights main- they had reached agreement taining stendy prices. The at- undoubtedly regard-osphere
buoyant and the market closed
with the Government ing their future operations.
was
Electrics closed yesterday at stronger than at any time this week with turnover of approxi- mately $8,000,000.
$41, while Lights closed at $40. Both closing figures were still und
Monday: Today was another Improvement on their prices
of the previous busy dny in the market with week.
the Electric Companies again a major share of the Hongkong Banks reached taking high of $420, but eased yester-business. Both registered fur- day following the announce ther gains after a little frre- ment of an interim dividend gularity in mid session. Glimans
attention of five chillingoss per share for also attracted The year ending December 31, Lands marked up a gain of $2 1961. Banks closed at $414,
Fanns Dairy
and made good galus early in the week and Then held Arm at the close.
Lands
Dalry Farms closed at $4224, up by $2. and lands closed at $77, up by $214.
Volume of businers for the week under review (Friday to yesterday) amounted to about $38,770,000,
with compared abot $30,780,000 the previous week
Market diary
and
closing at $77. The start was
on Interest became widely
The spread.
market ended strong with turnover of ap- proximately $10,000,000.
Tuesday:
selective but as the day went
Another busy day
on the Exchange with varying Fortunes, Dairy Farms were done in
HK Bank Lumbard Wheelock HK Wharf
HK Land HK Realty IIK Tran
and
اسد
14.10 ex ali 14.20 ex alt 13.80 ex all -400
Dividerid
* Bumux
SUB
✰ The share market
a glance ✰
June 15
416
June 22
422
June 20
422
505
40360
503
July 414
80%8
July 13
Us or Down
Yield (%)
414 40
steady
2.0
$2.25
4.6
104
10.00
750
4.0
389
402
400
400
402
----
312
3
HK Docka
112
112
112
110
117
+1
34
3.5
Taikoo Docits
7436
2014
75
75
Provident
*34*
3514
3514
3414
15 3414
steddy
$5.20
4.2
steady
$1.30
3.H
IIK Hotels
4814
104
48
4734
47
-250
$3
0.1
75
70
75
7436
77
+2
$2.40
3.2
2.75
2,775
2.75
2.70
21
-+-5¢
13.75c
B
402%
4234
43
43%,
44
+25¢
52.03
Star Ferry
238
240
240
246
46
$10.50
4.8 4.3
Vaumatis
136
130
136
136
135
strady
$0.50
3746
3734
3722
381
40
+14
$1.10
2.8
Electrics
3731
38
3814
302;
41
+
$1.70
4.1
HK Telephone
55
671
601%
571
5712
sirndly
$1.75
3
0212
071,
67
07
67
steady
$4
Dairy Farm
30
401
414
401;
4231
+2
$2
63
5340
53%
541
51
51
5214
15.30 13
10.30
16.30
10
545 50 10.10
steady
$2.50
www24
+10c
1334
13.20
25.40
Z7
20.00
20.40
-11.70 ex all 11.10b ex all -80c
20.10
7.90
7.80
7.046
7.05
7.00
steady
+50
$3 75c $1.25 90c
1800
10.2
13.10xd R2
13.10xd
12.80
12.20
12.20b
steady
$1.10
63
HJ
81
8114
*****¢¢
$2.80**
30
29.40
28.00
---500
80c
c'h Light
G. 1. Cement
A. S. Watson Lane, Crawford
Int'l Investment Allied
HIK & FE Inv
Textile Corp
Аппулик
Kowloon Motor Bus
Jardine's
When shores were five times their present value.
** Expected dividend for year ended February 28, 1951.
2346
NEW YORK STOCKS
SUFFER
ANOTHER
BIG DECLINE
New York, July 13.
Stocks suffered another hefty decline today with nearly every
group except the aircrafts finishing lower. Activity slowed up substantially along with the prices, however, and re-
sulted in one of the quietest sessions of the year.
issues,
Union Carbide ink over 311⁄2 ! Lockheed, Marlin and Aveo
In the defence quantity at better und was the biggest factor be firmed prices while the Electric twins bind 3 weakening industrial Air Reduction, Marshall Field, at first reacted to the denial average. Rails suffered a similar Macy's rose a point or better,
the companies of an in decline. pending settlement, only
Texas
Tuday's volume was 2,070,000 Instruments was the come back later. but not up to wirfest loser, off more #ing Shares, yesterday's prices. Lands touch-
seven at its worst with IBM, ed $77 but did not quite hold Litton, Honolul Oil. Sugar
by
Friday: The Interest tudy was spread much more widely and Banks improved frac-Manufacturing, Addressograph
tionally. Trams Improved to down around three cach, $444 closing with a host of
Canadian Pacific
OFFERS
LOWEST FARES
TO
NORTH AMERICA
ECONOMY
308.40 LESS THAN JET FARE*
4 INCHES MORE LEGROOM
30
FIRST CLASS
$513.90 LESS THAN JET FARE*
SUPERIOR INFLIGHT SERVICE
LOUNGEAIRE
Exclusiva
with
Canadian
Poetic
9 INCHES MORE LEGROOM
: FULLY RECLINING SEATS
NO MORE THAN JET FARE"
Round Trip Hong Kong/West Coast
Fly Canadian Pacific
buyers
and a lonely seller. Jardines lost further ground
WIDESPREAD
Losses of a paint or more were widespread and
and Telephones were steady with many buyers and the same few sellers. Trading A.T.
throughout
and
T, General
Included Foods, was very brisk | American Optical, Quaker Oats, closing with strong tendency Upjohn, Home Products, Wheel- and a turnover of approxi-ing Steel, Texan Gulf mately $8,160,000,
FD-
Wednesday: Activly mained at a high level in this half day session and prices were generally higher led by Banks which were dose regu- larly at 5410, The Light Com- panies remained stendy, Tele- phones held Their price throughout the session and Humphreys improved. Tigri and Datry Farms attracted considerable attention at good prices while Kowloon Moler Bus notched tipa notleeable gain. Turnover was approxi- mately $5,400,000,
Pro- ducing and American Electric.
World
rubber
market
Now York, July 13. Red rubber futures today closed 20 to 25 points higher with sales of three contracts.
Standard contract
closed 20 to 25 points higher with no sales reported.
Thursday: Business today was more evenly spread over n wider area
than usual, bul showed
some irregularities. Humphreys, Lands and Realiles took a larger share thon usual at generally better prices. Dairy Farms, one of the recent fav- ourites cased little on El large volume whlle
A scarcity of sellers made the Lane. Crawfords shed $2 closing
market extru-respon- terminal fit $50. Blanks eased on the de-
sive to small commission house claration of the
and dealer buying. expected Interim dividiend. Rubbers im-
spol market proved
little after a long rather dull. Several of the big sleep. The market closed strong tire factories presently Arc
closed for vacation,
with R
a
turnover of approxi- mately $7,210,000,
Agreed merchant
Canadian
rates
dollars, maxlinum selling 17-13/10, minimum buy- ing 1-1/18 TT; 18-1/8 OD.
SAMERICAN
STOCKS & COMHODITIES!
To
WHEN TO
SELL
PROTECT FROPER
&
CONSERVE PRINCIPAL
Research Dept. PERENNIAL TRADING CORP. 010-016 Edinburgh Hous
Tiong Kong. Tel: Fire, XJBS
The
pointed out.
also was
dealers
In the shipment market, la
07 a total 1,255 Issues tended 290 were higher and 703 lower,
American Exchtinge volume was 1,200,000 shares,
Bondy volume amounted $5,850,000.
Daw-Jones closing
were:
Pennsylvania TUT Pepsi Coin Pilzr Charles Phelps Dodge Philip Mortis Pigs Petrol Pure Ou
Quaker Cats Radla Corporation Raytheon Company
Republic Steel
St. Regis. Paper Sears Roebucke
២២. ឥដ្ឋ១
HONGKONG STOCK EXCHANGE
Business
done at the Hong- kong Stock Exchange this morning amounted to approxi- mately $3,020,000. Noon quota- lions
and the morning's
transactions:
Shares
HK Barik
Buyer Sellers Baier
410 412
400 4 213 100 410
for 25.10 2900 17 400 304 13.70 13,80 2006 13,
6000 2,70 ACDO - 13.78
1000 13.70 1000 3.70 97503.00
482
4314
130412 1400 400 60 410
98
5914
K Bank
27% H.K. &
Len Reg
21
.
ato
Invest... 25.00 3.40 Wharf... Wheelock
300
Reynolds Metals
40%
Reynolds Tobacco
Royal Duleh Petrol
3.
3994
HK Dock
101
02:
Talkon Back H 74
47
Provident
lik Frater..
4670
703%
HK Land
4719 78
Realty
60 701:
Really
(N)
Trai KMD
43
to Shell Ol
Shell Transport Sincial Cl
average Sacony Mobil Oll
30 Industrials, 085.90 of 4.80. 20 Rufis, 137.50 of 1,35.
15 Utilities, 113.78 of 0.21. 65 Stocks, 227.78 of -UPL
Closing prices
Allied Chemical Corp. Altis Chalmers
Aluminiurn Lid.
Alluminium Company Ansernda Petroleum American
Airlines
South Am. Gold & Plat South Chiffornia Edison
Southern Company
Speccy Rapt
Standard Brands
1.45.
Standard Of Csitfornia
Standard Oil andinna
Standard Of Ohla
Sterling Drug
Studebaker Packard
Standard Of New Jersey
Texaco, c,
Thompson hamo” “W.
Tidewater oil.
Twenty Century Fox
UB Smelt & Refu
9.35 3.70
117
11 1600 117 2004 118 2003 7432
1000474
600 or 77 100 or 77
200 in 70%
200 or 2015
2.70 2.725 20009 or 2.75
2.55 2675
1:2
Yaumati
130
C. Light
3 0152
3134
Traus World Airtines
8334
Valon Carbide
243%
Union Oll California
Union Pacific
American can...
American Cyanid
4
United Aircraft Corp.
American Motors
United Air Lines
United Fruit
Electrie
American Smelt & Rela.
US. Induxtiles
2014
American Sugar
US Lines ....
American Tel, & Tel.
11732
UB Bubber
American Tobacco
ar/
Anaconda Company
5+
Armour &
40
Atlandle Refining
Baldwin Lima Hamilton Bendix Aviation
161
Bethlehem Steel
Boeing Airplane
Borg Warner
Canudfor Puclic Railway
Armeo Steel
Company
Associated Dry Goods
Borden Co
Durroughs Corp.
Case, J. Co.
Celanese Corp. Am.
Cerru Corp.
Chrysler Corp.
Cities Service Coca Cola Corp. Colgate Palmolive Commonwealth son Consolidated Edtron Continental O Corn Products Co. Crane Chipeny Crown Zellerbach
Carter Weight
donesin offerings included one pisti Corp-Seagrains RIDS at 28% cents and two RIBS at 2814 cents & pound, both unsold.
Locally, put No. 1 RSS was
30 cents and quated
current month 29 cents a pound, both
the
market
Douglas Afrerast Dow Chemical Dupont De Nemours Eastern Air Line
Exatinan Kodok Food Machinery & Chern Ford Motor to
General Dynamics nominal.
General Electric En Singapore,
Gerem! Müll.. steadied on good buying, mainly General Motors shortcovering on Tumours of General Telephone heavier than ustni Asan pur- Georgia Packle Corp.
Getly O chases for Augus,
Gillette Co After an initial rise. the Goodrich. B. F. Co market
Goodyear Tyre & Rub became somewhat
Grace, W. St. & Co Irregular os profll-takers took Gur of advantage of higher devels, but Ingersoll Rand, sustained buying absorbed Intl Business Mach
Liquidation.
later
Tuti Harvester Inti Nickel There was a slow start in the nil Paper afternoon but
Inti Tel & TE! became Jones and Laughin higher. Lower interest continued katror Aluminium on twitch basis with
sellers on Ford
Libby Owens rather more keen,
Liggit Ke Byers The tin market closed slightly Lockheed Airo easier.UPI.
METAL MARKET
moni one
London, July 13,
Lone Star Cement
Losfard P to
Martin Co
Merck & Cu
US Steel....
Warner Bros Picture Western Union Tel
Westinghouse Electrie
Yale Towne Youngstown Sheel & Zenith Radio Tetal Stock Saler
New
Slow
2
40%
11
47 $1%
1 Tel...
4112
42%
101
IEC Gad Gilman
22.00 3.16
2,070,000
AP
York
cotton market
New York, June 13.
trading in cotton futuros today moitly in- volved dealing in evening- up operation of July de- livery which went off tho board in the noon hour. At the close, the list ruled two higher to two points. lower, The market opened off three to up Ave points. New Orleans cloood up seven to of two points,
The July contract expired at કુંતુ.
cents bid urichanged from
the previous close after scling
earlier at 33.50 cents a pound.
30
Thore where 20 delivery notters
Jardine
Cement
Dairy
250092.723 5000 2.70 5000 or 2.00 200 44
001 140 B 000 $
1000 of 39;
100
2500 39
3000 30%
2000 - 403%
500 40 100 € 41
20041 BDO 40%
500 v 41 400 30
7500715
1000 BT 23 3500 or 22,80 5.20 20000 & 3,20 23000 8.15
1000 5.20
... 20.08 28.00
1000 5.10
0000 + 5.20
350 28,70
450 20.00 100 6, 2015
000 of 211.50
100 2015
2006 214.71 003 i 20.05
06 07 30 67
100 475 100071 4212 433 5000 A 423%
100+ 43 500 4212 1000
7.60
Textilo Manyong.. 12.17 A. Rubber U.BO 0.90 1000 0!!
I'
3000 ut
SUDU 0.0k 1090 or 0.65 1000 0.70 500U 4.55
2000 6.90
DOGO #6, ES
5000 444 6.05
0.10 3500 7.00 3000 7.55
City
Hotel
43
Humphreys 2712
sa tesued ngainst the spot manib,Lune, Craw. 49
22) bringing the fatal to 244 ten-
ders for the period.
Otherwise the market ww featureless. Complainta of ex-
Te invest
Bungala
zx. All. **
Sha! Stock
Allled Invest.
Hope
cessive rains in the southwest at Ferry. appeared to have little market âlneara effect, spot values continued to Aney ....... Inch-upward, but sales
во
Metro Goldwyn Mayır
8712
Pinneapolis Honeywell
1429
Minesota Mining & Mig
20%
Monsanto Chemical
Montgomery Ward
20
Moor McCormick Lines
I
small.
751
DK
001
2072
நநாடு
1012
31A
The in market was steady at Motorola Inc. lower levels. Spot eased three National Biscuit points to C011 and
National Cash Register three Nations Dairy Prod point to £0241⁄2 National Distiller
Natioast Gram National Lord ........ ground today New York Central under selling from un influen- Northwest Airlines
per lung ton
Copper tost
tial quarter. In
it rallied slightly,
Inter dealings Ohle of un
Olin Mathlewan. Chain Pacille Gas de Pleo ....
Paramount Pictures
Lead and zing were steady Panam work Always
today-UPI.
were
The New York Colton Ex- change Service Bureau estimated the Commodity Credit Corport- tion owned
and
2000 un 1
100 0.30
25000 1,500
1000 8.05
1304024
442 / 41 170 6* 42 26943 200 431 400 44
40 643 20006727 1000 27.30 2200 6 27.20
500 27.30
1200 27.40
2000 27:5
30
1000* 01
10 10.20 1000 0 30.40
Bushions was controlled
unitetai 1,000,000 bales of raw cotton
Programan,
1000
11.70
1.10
248
10
13
3.00
LONDON
MARKET
London, July 13. Stocks stayed in retreät to- day taking widespread losses. The slide started befoto the morning's "no chango" bank rato on- nouncement and while buyers hold off industrial equities staged rcal recovery.
по
Falling output in June hit steel storica and engineering equities fell back led by Davy- Ashmore six shillings down at 140 shillings.
Stores, tobuccos, motora and
| breweries derlined,
DECISION AWAITED
Market sources were not look- ing for any let-up unil the Treasury annotinces its plans to tight the cronomy
They said invest- buyers were deferring ment decisions while the gov- ermanent's hand Was still Un- known.
Gilt-edged closed mixed after reversing
carlier better trend. Dullar stocks were dull.
Oils drifted and ended fraz- tions lower. Mining stocks ful- lowed the same line, so did thus, coppers and golds.
Both rubbers and teas Joined. the downward drift.-UPI.
Closing prices
British Government Recurities 214 Consolidated 30-0/10.
Conversion-32%
3. Savings 1053/85-804. 1. Savings 1960/10—C77-13/14. 3 Savings 1903/13-08-11/10.
Overseas Bonds
54. German (Dawes)~£89.
Japanese, Asscuted-15714
Banks & Insurance
Barclays Ord-7634. Chartered Bank-Ja Guardian Assuranz0-483 38. Hongkong Bank-1714. Lloydn onk-60 3.
Lombard Banking Ord.-17% 41⁄2d. National & Grindley-378 D. Prudential Areur, "A"LEZİK Royal Bank of Canada--c271: Rovni Insurance Ord-1596 90.
ou
British Petroleum-47. Hurmak Dil-37: 3, Shell Transport Org-120s 34. Royal Dutch-£12-11732, Ultramar Company-288 494d.
Steel Engineering. abcock & Wilcox, Ord-234 kl. Colvilles Ord--34a 7156. Durman. Long-201 d.
Gurst, Keen Ord→ith 1000.
Harland & Woln
Stewarta de Lloyds Ord—st# ed. Summers & Sons Oɛd-481⁄2 111⁄2d, Tube Investments-078 10124. Valted Steel-50%. Vickers Orch--30s 74d,
Electric
Ausae. Elec. Industries-370 30. rit, Electronic ind-100 75. Elec & Mun. Industries -Tir. English Electrie Ord-30s Dd. General Electric Ord-32% Philips Lamn Works-E(0-11/32. Rediffusalon Ord, lget.
Industrials Assoc. Partland Cement---76s 64. Boardin
Berax and,
Decca Records Ord-is d. Dunlop Rubber Ord-26. Fisons Ord-43
44
Gillman fíløjdings) Ord—54 158, Tornational Computers-18 d. Turner & Nnwall Ord.-618 74. Oliever Ordista Ed. Wiggins Teapa Ord-4 94.
Chumiexi Imperial Chemical Ord-6061 3d. Monsanto Chemicata Ord-20 d.
finem & Television
Muss Empirea Ord-e ed. Bank Organisation, Ord-27 3d. Stoll Theatre-7a 498,
Paper Bowater Paper Ord-82a 150. The La Rue Ord--is 3d. Spleors Ordis Od. Tobaccos British-Amer. Tob. Ordots. Galisher Ord-41 d.) Imperial Toliaceo, Ord-09».
Motork
Beth Motor Ord-te $150. Hawker Siddeley Ord-20s, Jaguar Car Ord-80s 1. Balls Ravne Ord-448 d. Westlund Aircraft-17 d.
Textiles Bradford Dvers-Its 754. Chilco Printers Ord–124 13d. Courtaulds Ord-36 1164, Fine Snipner Ord-25 Gd. Lancashire Cotton Ord-32 ed. Breweries pters Ca ard-30 . Ind Coop Ord-134. Watney. Morn Ord-00m.
Store#
Great Universal Orl-Me 3d.
Great Universal "A" Ord-Gi ca. House of Fraser Ord-872. Lyon (3) "A" Ord-738, Marks & Spencer "A" Ord--1938 1.
Tale & Lyle Ord 3d.
afted Drapery Ord-71 71. Woolworth (FW.). Ord-529 4.
Alferliehenva
Bowmaker Ord-16 745d. Brit. Commonweal Ship. Ord-304 101d.
Canadian Farife Ord-4d, Cunard Steurship Ord-11 Forestél Land & Timber-13 4. Furnass Withy Ord-30s, Hongkong & Chino Gas-174. Into-Chian Def, Ord-214 G.
Alined Bellit Tin Investment-45 34. De leer Det-1224 Del. London Tin Corp. 204. Mo.211 Txe-2 39
Petaling Tin-108 Gal.
Rio Tinto Bearer)- 30340. Non Antelope Coppers,
10154 Welkam old
Union Corporation 10% Cl
Western Holdings 107 06.
Tabber 4
Anglo Indonesian Planta Bu Cayton Ten Orth+23
Imperial Ten Ord-14, Kaija Launpur-Icepong-3s Bigd. Lambak Hübber-171 dd,”
Router.
UNIT TRUSTS
Exchange rates
done the real morning at the following roles:
exchange market
Australian sates (perl) Indieidis rupigh (per 100) and iam fcals (per 100)
Airgapure (Atraško)
6.707 14.00 13.30
(buyer) $1.43 (sciler),
20.09.
1.81
(buyer) $1.07 (weller),
U tuliar (per (1)
The certificates mfocit today! Bierung notes (per £1)
40% totailed 99,114. balcy plus 2,105,
bales uwälting, review Kileronsalz.—UPI.
First, Hongkong Find:
$1.83
Second Hongkong Bund: $1,01
No comments yet.
Private notes are available after approval.