1961-08-11 — Page 2

Pago Z

THE CHINA MAIL, FRIDAY, AUGUST 11, 1961.

WEEKLY REPORT ON THE HONGKONG STOCK

EXCHANGE

FURTHER SMALL GAINS

Highlights of * The share market at a glance ★

January-June

trading

The Hongkong. Stock Exchange registered small gains this week as business con- tinued under the restrained tempo of recent weeks.

ex

the

The volume of business for (Monday four-day week was a holiday) was about $12,- for the 110,000. The turnover previous five-day week Was übout $19,680,000.

The leading share, llongkong closing price for the previous Bank,

kume regained

lust Thursday was $10.70. ground. closing at $390 dividend after reaching $304.

Price movements were stendly during

weck with The

one' excepilon-Hongkong Mines.

Hongkong Mine shares jump- ed nyemight last Friday from sixi cents to 20 cents on a rumour that the company would be re- operating its less mine in the New Territories. The mine bad bren Idle since June 1958.

|

SIX MONTHS

The volume of business for the first six months of this year has passed the figure for the whole of 1960 which was up to

en an ull time record.

A total of 429,250 Mine shares changed hands on Friday. Those shares gradually eased back to closu yesterday at seven conts, i

*The splitting of Bank shores which rose steadily to International Investment

a gond gain $456. The equivalent of those shares showed following the company's - shares before splitting would be

i The highlights of the period from January to June this year wore:

nouncement

Wednesday $206. 079

*Gilmans

at-

from $0.00

also shares that it will recommend dividend and bonus of $11 tracted attention and rose by 40 (compared with $75 cents for per cent. the previous year). and 2 honus Issite of one new share for every 10 shares held on September B.

Investments International eiused at $16.60 yesterday after reaching a peak of $10.00. The

U.S. steel output declines

Washington, Aug. 10. The Commerce Department reported today that U.S. steel output foll sharply in the first half of 1961, year compared earlier, while output rose in the Soviet Union.

to

Soviet production in the Arsi half of 1001 reached 38.4 mil- lion tons, up 3.1 million tons from the same months of 1060. U.S. output of 149 million tons felt nearly 16 million tons be-

the year-ngo level.

In

+d

that Japan

The Department also report advanced to fourth place among world steel producers, displacing the United Kingdom.

A substantial increase in out- put in the second half of 1981 to bring the full- is expected year total to the 1960 level of 100 million inget tons.

TARO AMERICAN.

STOCKS & COMMODITIES

WHEN

+ BUY

Market Timing

For

Maximum Profit

THEO -TECHNICAL ANALYSIS

Research Dept.

PERENNIAL

TRADING CORP. #16-01 Edinburgh House Itong Konk Tal: 24246, 30306

* Wheelocks rose to more than

NK Bank

Lombard

13.80 ox all 13.10 ex all 12.80 ex all 13.20

Up or

-114

Dlyidend

& Bonus

360*

$1

Yield (%)

HONGKONG GILT-EDGED

STOCK EXCHANGE

Our Own Correspondent

Business done on the Hong- kong Stock Exchange this

morning amounted to appro-

CONTINUE TO RISE IN LONDON

London, Aug. 10.

ximately $1,890,000. Noon quo Git-edged Jumped smartly

lutions und the morning's transactions;

-

20.30

Eston

55 4 200 501 200

21000 125 4300 up 23 Wharf Co. 380 194 100 of 384 Wheeluck

13.0 13.10 000 is

B0019.10 100112

July 13

414

4912

July 20 404

454

July 27 382xd 489

Aur. 3

384xd

Aug. 10 390xd

Bowi

++++G

2.0

45n

4316

$2.25

4.3

Wheelock UK Whart

15

200

7250

5.6

402

SBD

374

302

395

+4

$12

3

Shares Buyers Sellers

HK Docks

117

114

111

111

112

+1

3.4

Talkoo Docka

76

73

72

7134

+500

$3.20

4.0

UK Bank

XD

208

Provident

3414

3314

3244

323;

33

+250

$1.30

HK Hotels

4714

404

45

4432

4514

+-500

Ik Landa

77

744

73

7314

steady

$3 $2.40

0.0

Lon. Res...

Allied frv.

200

500 10.30 10.70 1000 10

3.%

HK & FE

HK Really

Ay

2.05

2.625

2.624

2.08

142.50

13.750

5.2

Inv.

HK Trams

44

42

4016

41%

$2

+250

$2.00

Star Ferrr

240

2485

240*

Yaumatis

135

134

130

129b

2461 130

steady

$10.60

+1

$9,50

Ch Light

40

30

3814

4014

10

500

$1.10

112

41

39

4114

-500

$1.70

Talkov

71 74

5714

0514

63

4711⁄2ex issues 4071⁄2ex luaueş --780

31.75

Provident

3215

07

05

03

0334

GL

4234

41

3914

41

4136

+500 4.250

IK Hotel..

$t

HK Land .. 2016

548

G3n

43n

32

32.

steady

$2.50

50

4954

49%

4834

43n ex ali

HK Really

10.10

15.70

15.00%

18.70

16.00

+90€

$1

10.00

$1.26

7.60 12.200

2014

4.00 11.40b

24.90s

7

24.60

26.70

+-100

900

KKTAI

414xd

·

0.70

200

8114

BQ

11.80% 78

11.70

12.10

+400

7014

80

+50c

51.10 $2.85*+

K: M. Bus.

28.90

28.30

27.80

27.80

28

+200

800

Electrica

HK Telephone

G. 1. Cement

Dairy Farm

A. S. Watson

Lane Crawford

Ini' Investment Allied

HK & FE TRY

Textile Corp

Nanyang

Kowloon Motor Bus

Jardines

11.10b ox all 111⁄2s ex all tii ex alt ils ex all 26.60

• When shares were five times their present value.

** Expected dividend for year ended February 28, 1961,

WALL STREET

STOCKS GAIN

New York, Aug. 10.

$17, and Rights Stocks moved irregularly higher today after

two sessions of mild decline.

slightly

to new Issue were declared. Those shares ended the period

$14.30

rights. cx

The

Sates

below 1 Stokely-Van Camp. volume

Ave lihan of more

Studebaker-Packard Com with Dow- Swift & Co. pace million shares

represented the yesterday's greatest value of shares traded ones 30 industrials edvancing Texas Co. moderately und Standard and Time Inc. during that period.

Time Inc. Poor's 500 stocks ploking up *The Telephone

Union Carbide

company

United Aircraft United Gas Corp. V.3. Gypsum

sold its elty home to Lone Craw-the small gain needed to reach Union Pacife Raliway

a new all-time high. fords for a considerable sum, resulting in an increase in the| share prices.

US Smelting

Features among the quality us. Line Co. issues included Alcoa. Jones US Rubber The heavy publir oversub- seription for the new issues of and Laughlin; Ford; Chrysler; US. Stret

Texaco; with Warner Bros. and and Goodrich;

gains of a point

Westinghouse Electric or moro, was major weak Woolworth K. W. Anaconda so losing over a point in the

But

Kowloon Motor Jardines.

The Utility section was the Imost active scetion and prices maved up at an average of 25 per cent throughout the section.

The turnover of more than $200 million for March was the highest of qoy month on record.

Market diary

Friday: The day worked up from a quiet beginning to

♫

brisk tempo of trading, closing. after some irregularities, with n balance of golns. In the morning session buyers outnumbered sel- lers by 3 to and prices rose in accordance with the natural rule. fuc- The afternoon saw more

some stocks tuation in prices, Improving still further, others receding fractionally from their best. Hongkong Mines were

다

feature of the day rising from

metals.

Today's volume was 3,570,000 shares.

Of a total 1,270 shares traded 570 were higher and 448 lower. American Exchange volume was 1,150,000 shares.

Bonds amounted to $5,000,000. Dow Jones closing stock averages:

15 Utilities, 719.01 of 0.14. 30 Industriais 120.49 up 2.92. 20 Rails. 139.58 of 0.05.

65 Stocks, 237.92 up 0.40.

Closing pricos

held Arm until the close. Turn-Allis Chalmers 7 cents to 20 cents at which they Allied Chemicals over was approximately $5,180,- American Airline

Ainer. & Forgli. Power 000.00.

Ain. Ca & Electric Dividend & Bonus announce-American Melp! ments during the week: Star American Smelting Ferry Co., Ltd, Interim $4.50 per American Tel & Tei

American Tob share.

Anaconda Copper Tuesday: This morning was ATT the quietest morning for a long Attus Cons, Mining Baldwin-Lima-13001. time and yet prices in the few

Balmore & Onl was any Benedets Fance change were generally better Bendix Aviation Curp. than last week. The same cau-Betlehem Steel Boeing Alplane

cases

where there

lious atmosphere that we have Cana Brewers scent of late continued and again Campbell Soup Co. Vilties accounted for most of Canadian Imelfie ft. the moderate business. The close Case (J, 1.) Co. was quiet and rtn with busincas done to the volume of $2,230,- 900.00.

Cuça Cola.

COMMODITY PRICES

COTTON

NEW YORK

Clusing prices all in cents per

1.:

Spel: 35.06 num; Oct: 34.00: Dec:

20% 35.13; Mar: 39.63; May: 2014: July:

35.23 Oct: 33.15; Dec: 35.20.

NEW ORLEANS

Closing prices all in cents per

4115

100

Ib.:

מח

Sput: 32.00 on; Det: 35.34; Dec:

Spol 3-month Zine

Spot 3-month

33 FRE

TOREIGN EXCHANGE

HK Dock.. 111

200 usi

200 g 33

200 $ 73%

(Old) 2,425 2.63 50000 2.65

(New) 2.475

415

Youmali

2000 2,075 100002.05

42 2000 G 42

2000 20014 1079

79 79%

300 60 50

100 or 70%

Ch. Light 3015 201

Electric.... 4015 +1

Issues 482 4015

Telephone

Ex

НК Сав

... 2180 21.90

300

70%

21.00

100 4

500 71.80

Glimen

4.00

2000 of 4.90

Jardines

27.80

Cement

63% 04

Dalry

43 4245

300

2000 + $1

Watson

42

Textile

NEW YORK

XD

1000

Nanyang

12.10 12.90

1000

2000

住

12.30 3800 12.00

2,2013

2000

2,7944

1600 € 100

Zivian

32410

Closing rates:

95.38; Mar: 34.001; May: 36.39; July: | Canada 30.10 Out: 35.20; Dec: 33.35.

112

522xd

13T+

101EX

33

lb.:

172

73%

LIVERPOOL

Closing prices all in peace par

American Contract

Oel: 24.30; Doe: 24.515; Mar: 23.40; Miny: 23.70; July: 25.8; Oct: 25.70: Dec 25,70.

Mixed Contract

Oct: 21.50; Dec: 24.95: Mar: 23.40; May: 25.70 July: 24.25; Oct: 0.19: Dec 20.18.-UPI.

Chicago RUBBER

grain

market

Chicago, Aug. 10,

LONDON

Closing prices all in pence per

No. 1 Spot

England official

30-days 20-days

Australia...

New Zealand South Africa

Others unchanged.

LONDON

Closing rates!

New York

Montreal

Amsterdam

Brunstis Copenhagen

Frankfurt

Lubon Delo

Paris

Stockholm

Milan

Vienna

Zurich

ib.:

Aug.

Settlement house fer

24

term

24%-24%

July/Sept.

U.S.

Del/Dee.

Jun Mar.

Aur/June

July/Bapt.

اكت

231%-25% General markets, ca.f. basis, ports: 2423-243 246-24** Sept

Grain futures moved higher Au

on the Chicago Board of Estate crepe thin Aue.

Trade as dealers

evened

up prior to a government

crop report

the day.

30

duo later in

Wheat closed unchanged to 122 up 2: corn up 4 to; oals up

% to 1%; ryè oir 1⁄4 tò up 34 soybeans off to up, und 11, drummed ford unchanged to off 51% 10 points,

Exporters said Italy

thick Aug..... AMSTERDAM

2.440

1.4000

2.004-200 22.1931-2.8915

10,004-10,10 159.50-130.00 10.3492-10.347. 11.107-11.10 30.20-27.35 20.0594-20.02

13.779-13.772% 14.674-14,572

173975-1740 72.12-72.35

12.1001-12.10%

UPI.

INVESTMENT

QUOTATIONS

The following are investments s in American dollars, Buyers' prices Include commission;

Sellers Buyers

Closing prices all in guilders | Affiliated Fund per kilogram, cl.f. Aug. No.

rubber

No. 2 rubber No. rubber

No. 1 crepe

225 liver 2.30 buyers

-UFI,

METALS

A.

R. Trust

2000 47 12.00

600 12.00 40000 12.00 1000 12.00 2000

3000 47,70

Rubber

7.70

7.20

2,205 g

Sincere

Cus Hotel 40 4

HK Mine

700 $11

600 4034

7 Be 10000

20.40

Int'l Inv. Union Humphreys Star Ferry Maçao Elec. 13.90 14.20 Hope

40

ahood again today help- ed by European buying for high yields, while a solling trickle kept in- dustrial stocks depressed to close with a broad rango of falls.

Government bonds took ON from the start, and rises ranged up to one pounds. Then the movement boiled over in spots and some were below the top

int the final bell,

War Loon 31⁄2 per cent, the biggest are, mared to 824th

and before fading to £5234

£% were wide- leaps up to

sprend

Gold minca

Coppers recoded

were

stoady.

at first but Tins

closed above the worst, wok small losses.

Shell led oils downwards 2/ 9 penco lower at 122/- and Royal Dulch lost 5/10th to close at £11th,

In pinnlations, t:as were easier and rubbers subdued.- UPI,

Closing prices

British Government Securitian 21. Consolidated-

3 Conversio$29.

1. Having 1935/65-28031.

3. Baving# 1960/70

3%, Bavings 115/7

35%, War Loan-5214.

Översers Bonds

B, German (Dawes)~~2011 B. Japanese, Assented-157.

Slank & Insurance Barclays Ord-18 6 Chartered Bank-63% 40. Guardians Assurance is 9.

Hank--€171S. Hongkank-43 Gd.

Lloyds

Lombard Banking Ord-15 201d. Prudential Assur "A"-33. Royal Bank of Canada-233. Royal Insurance Ord-1051 Gd. United Dominion Trust-£74.

Ou

British Petroleum 400 30. Burmah 01-374 30. Shell Transport Ord-129#. Royal Dutch-11. Ulframar Company-294 36,

Strals Engineering

Babcock & Wilcox Ord 20 111⁄2d.

Colvlites Ord-55: 30.

Dorman, Long-29% 14.

Guest. Keen Ord-00 715d.

150

Hatland & Wola Ora 1

101d

Stewarts Llayde Drd-dar tyd.

100.

WALL STREET CHATTER

Now York, Aug. 10. Joseph E. Granville, the E. F. Hutton and Co., analyst,

market Bays leadership on the upswing hot been excellent and this is expected to con- tinuo.

he says, are

particularly promising and this

type of loadership has broad bullish

the implications for market as a whole, and Granville says another constructive

sign weakness hao developed in the airline group which has shown strong

that

no

0.48

9.17

Am Bus Shre

4.00

3.00

228 buyer

2. buyers

Bullock Fund

Atom Dev Mut Axe Hought B.

-Made

9.32

10.13

114.40

15.07

The molors,

Canada Ger.

15.54

10.00

Canadian Fand

18.30

19.

Canadian int, Gr.

11.50

13.07

Chemical Fund

13.40

13.40

Comwith Stock

17.00 10.50

Dividend Shre.

3.44 3.70

Dreyfus Fund

17.31

19.03

Is

Eaton & H. Stock

14.28

35,43

Eletromer fav.

1.30

A42

Founders Mut, Yu.

13,50

13.76

Hamil Fd, BC-T

6.70

0.31

Ineth Found

11.07 13.00

Instit Growth

12.00

13.19

Instit Ingema

4.04

Invest Tr. Boston

12.31

13.67

Keystone Cixi 12

21.29

23.77

Buyer Sellers

up to of

Spot 3-month

Boot

Lead

$120

734

009

230!

2301

Keystond Carada Mars Iny. Tr. Mass Growth Not Sec. Ber Gr, Boudder SL & CI Telev El. Fund Value Line Func

10.12

1240

10.51

17.80

17.33

0.76 10.47

20.48

20.10

12.73

3-month

20115

Wellington Fund

12.00 12.19 15.40 10.82

about $30,000 bushels

bought

of hard

wheat and Yugoslavia 165.000

10 bushels of red wheat, Britain

took some old crop corn, while

LONDON

Closing prices, all in sterling

the continent bought old and per long ton.

40,000 bushels of yellow

wheat. Wheat

took

hard Tin closing range: unchanged to 1⁄2 ceni. Soybeans Copper

237:

Chase Muniat. Bank

82

new soybeans. Morocco

and

60

7ZA

closing range:

3992

23229

Chase Manhat. Bank Chrysler holors Colomutan Carbon Co. consolidated Edison Crane Co... Cuban Amer. Sugar Diamond Alkall

Commercial Credli

Douglas Airgroti

Eastman Kodak

Wednesday: The tempo of the market was unchanged. Inter- national Investments reacte: favourably to a good dividend announcement. Telephones were done in good volume at steady upont de Nemours prices. Turnover was approxím-| Eastern Air Line ately $1,720,000.00.

Thursday: Price changes again Firestone Tyre & Rubber

Ford Motdr..... were negligible in a light day's General Electric trading. Nanyangs provided un- General Foods usun interest and rose to $12.10. General Motors

Gelly Oli International Investments ad-

Ogürich (3. T.) Co. vanced further to $18.80 in early Goodyear Tyre trading only to fail high in the quit Cit afternoon to $10.00 with only Hayden Newport Corp.

Homestone Mining Co. $18.20 being offered. Kowloon Int'l Business Machines Motor Bus and Electric Com-toti farvester pantes accounted for a good International Nickel share of the business of the day International Paper which just topped the $3,0BB, Ini Tel & Te!

Johns-Maavilla Co. 000.00.

CALL 59195

FOR GENUINE DRYCLEANING

COLLECTION and DELIVERY.

SERVICE

THE STEAM LAUNDRY CO,

No. 1, Kwong Wa Street, Kowlpon,

Kenneente Copper Litten ind........ Lockheed Aircraft Loews Freorp.

Lone Star Cement Co. McDonnel Aircraft Minnesota Mining

Mimien Development

Montecatini ........

Montgomery Ward National Cash fter. "A"""

National Lead

New York Central

Olin Mettilemors

On Elevator

Pacific Oak & Piec. Pan American Airways Paramount Pictures Prox. Salt Co... Fitburgh late Giann

Corporation Repubite dest Swynolds Metal Thyholds Tobacco

Then MR.

Shell Oil Cu.

10 cent.-UPI,

4214

גלת

141

10%

40

Social OLE.

40**

Bocony Mobil on

401

Houthern Raliway (Com.)

Ape and

301

Blanderd hande

Bandard Oil'st Cri.

Blandard Oil of Ind. Standard Gu of NA Blerim Dion Col·

0.00

7.18 7.85

tendency in the past to tur

ahead of important rallies and down before Iraportant declines..

Martin

*

Gilbert of Von Alstyne, Noel and Co. says he doesn't believe the market will

be set back at this time. He is sure that after some digestion of recent Kaina fulgher levels

will be seen.UPI.

Exchange rates

Business was done in the unofcial exchange market 1bi morning, at the following rates:- US dollar (per Bil

7382

| Sterling ngită (për £1)

Australian notes (per 1, 12.26 Japanese yen (per 100) ... Cambodia rial per ICO)

10.92

1.35

0.40

1.14

3.30

100

5.00

French new franc (per 11 Indonesia rupiah (per 100) Brazilian crusteira (per 100)

| Argentine peso (per 100)

| Korean tiwan (per 1,000)

Tatian Hire per 1,000)

Chinesa JMP" (per 1). Taiwan yuan (per 10) The huist Ipar 100

Burmese kyat (per 10

1.30

0.20

DAS

1.37

27.18

5.05

| Paklika rupen (per la)

7.00

Maesa pataça (per 1) ....

1.004

Norwegian krone (per 100).. Philippine peso (për 17, 20

| Brigapore straits Type 11

........

0.00

Summers Se Sons Ord-4 Tube Inverments--84 743d.

United Bee1-334 1011⁄2da

Vickor Ord-32 d.

Electric

Assoc. Elec. Industries-15, d. Brit. Electronic Ind-30s 1d. Brit, ina Callender Ord-58 3d. Elec, & Mus. Industries 339. English Electric Ord-s. General Electric Ord-30, 34. Philips Lamp Work₤2014. Hediffusion Ord. 11s ch

Industrial

Assoc. Portland Cement-744 411⁄2d. Boardman Marden Ordag, Borax oldista)-18 2015. Decca Records Ord- 3d. Dunlop Hubber Ord-23 164

od. Gilman

Fions Oris ord-s

International Computar--921.

Newall Drit—659 411⁄2d. Unilever Ord438 30. Wiggins Trope Ard-57 3.

Chemicals Imperial Chemical Ord-70 435. Monsanto Chemicala Ord-710.

Cinemas & Televind Assoc. ll. Pictures-50 od. Rank

Stoli MENSEN Ord-203 Ed..

Paper Dowater Paper Ord-83. 34. De La Rue Ord 558. Spleets Ord Tobacco

British-Amor. Tob. Ord-B $4. Carreras "" Or 5d. Imperial Tobacco Ord-07 9.

MDLOFS

Molor Ora-16#_1158. Hawker Siddeley Ord-30s 2d.

Jaguar Car Ord--100. ** Rolls-Royce Ord-9 id, Westland Aleeza178 94.

Textiles

Bradford Dyers-16 $550, Callco Printers Ord-12 74. Courtaulds Ord-30 4d, Fine Spinnerton Dru-109 101id.

Ord-20 34. Lancashire Cotton

Brewerien

Distillers Co. Ord-15 4. Guinness (Arthur) ardie. Inn Coope Ord-12 10lid.

Stores

Great Universal Ord-45 d. Great Universal "A", Ord-40s Cd. House of Fraser Ord-531 Bd. Lyon (J)

(1) Ord-774- Marks de Bpencer "A" Ord—994. Tate & Lyie Ord499 7:30, United Drapery Ord-451 4. Woolworth (W.) Ord=67%.

Miscellaneous

Ilowmaker Ord-14 Jd. fitt Commonw),Bhip. Ord. ----- 20€ 10.

Canadian Pacific Ord-8t Cunard Beramikhip" "Ord=3&#° £4. Forestal Land & Timber=124, jonkong & Chine iludion Bay

indo-China Def. Ord-22% 11. nd Beruritics Ors-271 8.

O, Stearn Nav. Det.m40s 1944.

d.

Mines

British Tin investment-48 De Deere DateSIN 30. London Tin Corb-lm 30. Mount BA-150.

Petaling The 3d.

Hand election-49.

Rho AN ON-578.

1d..

thekana Corp.47.

Trust

Jio Tinto (Beareriiäde_1035. Roen Antelope "Copper-59 20 Union CorporationBox "10d. Welkom

Mining-1

West flank Investment Trust,16 $140.

Western Holdings-125s 3d. Fouinen Malayan Tin-254,

Anglo Indonesian Plantede 30, Ceylon Tea Drilon2lg B,

Imperial Tes Ord-10€ #d. Rubin Lumpur:dispong÷36 Bled, Lembak Hübberedda za.

The President of the Board of Trade, Me Reginald Maudling, (oxizama righ!) en- amines come machino jopl equipment daring his four of Britain's neges) geurarch centre for machine tools in Coventry, England, The_new_building and equipment are the test stage in a six-2015, £2,750,400 plan of Alfred Herbert Lid.. of Coventry, one of the world's largpel machine tool organisations, to expand, their faoliįžim fup" revenzeli pod development.

Awien trane (per

Netherlands giltiger (per 1). West German D-Mark (per 1) Cuban peso ippr"}}

Agreed merchant

rates

Canadian Dollars maximum selling 17-18/10. Minimum buy- Ing 18-3/16 TT., 10% OD.

Bwin Franics rinximum

UNIT TRUSTS

First Hongkong Fund; $1.20 (buyor) $1.35 (Heller).

Second Hongkong Fund: Deutsche, | cents (buyer) $1.08" (seller),

Whet

German marku maximum selling 6973/18. [

Special offer seller ́stice? $1.

pelling 76.

97