1961-09-01 — Page 2

THE CHINA MAIL, FRIDAY, SEPTEMBER 1, 1961.

WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE

THE

Wheelock

Soviet nuclear

QUIETEST MONTH test shock dulls

42

Yield (%)

2.9

* The share market at a glance ★

JK Bank Lombard

Aug. 31 384xd

Auk. 10

Aug. 17

Aug. 24

100x6

378

380

Aur. 31 370

Up or Down

Dividend

-10

& Bonus 600*

450

43

451

151

13.20

13

12.60

1214

.12.20

steady -39c

12.23

6

18c

6.1

JK Wharf

302

308N

300

378

57811

afeady

$12

3.2

HK Docks

111

112

107

100

108

54

3.0

Talkoo Dorks

71

1114

70

70

18

$3.20

4.7

Provident

323%

31

3144

31b

36

-1

$1.30

4.1

HK Hotels

CO

4514

4214

43

41

33

7.3

#K Lands

7330

7314

7114

7224

69

$2.40

3.4

HK Realty

2.025

2.65

2.57*

2.53

HK Trams

4141

41

404

2,55 30

steady

19.780

-14

$2.03

0.3 5.2

Star Ferry

240m

2405

240a

236h ex div. 286s ex div,

steady

$10.50

Yaumatic

120b

130

127

125

110

10.50

8

Ch Light

40!

40

30

2816

38

-50c.

$1.10

Electrics

4114

41

40

39%

3837

-1

#1.70

IIK Telephone

4714ex

46140x

44

4414

41%

-24

$1.75

G. I. Cement

0314

istura

64

Isuca

090

62

01

--1

3+

0.4

Dairy Fatn

4114

40

2014

38

--14

$2

5.2

A. S. Walzon

52

52A

50

51

30

$2.80

&

4814

43n ex all

14 ex ali

400

40*

+500

$3

15.70

18.60

15.70

15 b

13. On ex alt

$1.

0,3

11n ex ali

10.60

19.30

9.80b

10n

+200

$1,25

12.8

24.00

24.70

21.00

24.60b

22 ex alt

31

4,1

3480

4,70

6.701

6.RO

0.80

steady

De

7.7

11.70%

12.30

12.20

14.206

12

-20c

$1.10

B.1

791

$0

71

7815

76

27.80

28

27.304

25.70

24.10

216 -1,00

$2.80**

3,7

800

3,3

Lane, Crawford

Int'l Investiment

Ailted

HKFE Inv

Texille Corp

Nanyang

Kowloon Motor Bus

Jardines

• When shares toere five times their present value.

** Expected dividerul for pear ended February 28, 1961.

P.O

ORIENT

LINES

s.s. "CATHAY"

SAILING FOR UNITED KINGDOM

via SINGAPORE, PENANG, ADEN,

SUEZ, AND PORT SAID,

EMBARKATION: The ship will be berthed at No. 1 Pier, Kowloon Wharf entrance at No.

SAILS:

BAGGAGE:

HEALTH:

2 Gate, Canton Road. Passengers should embark between 2 p.m. and 4 p.m. 1961.

انه

4.3

WALL STREET

GAINS ON

WIDE FRONT

New York, Aug. 31.

Stocks moved upwards along a broad front today as activity stayed moderate in advance the long Labour Day weekend.

Key industrial stocks showed gains ranging from fractions to more than a point with the list generally improving as the day drew to a close.

Du Pont was the strong blue than five at chip, rlaing more

Baltimore & Da

Consdian Pacile à

Dethlehem Steel Cora. Brewer

Chrysler Motori Coca Cola Commercial Credit Comolidated Edison Crane Co. on Sunday, 3rd September,ts bert and placing the Dow- Dupont de Nemours

Fantera Air Line Jones Industrial Avetage on

Bastuun Kodak higher levels. Utility stocks, Ford Motor

General Electrie motors, national defence stocks, foods and drugs

Germal Foods were amonGenom Motoin the improved groups,

Getty Oil.... Aircrafts received morning Goodyear Tyre

Int Business Machines were resuming tests of nuclear inti vender..... weapons, but the group shaded International Nickel a bit before the close. Northrop, Tel & Tel

Lition ind and United Lockheet Aircraft Lockheed, Boeing Aircraft were strong,

Loews Incorp. ... International Business Lone Blar Cement Co. Machines weakened about Ave

Minnesota Mining points with Motorola, American Mators, Kimberly-Clark, Pola roid, Owens-Illinois and East maa Kodek ensier items.

The ship is expected to sail at 5 p.m. on Sunday, 3rd September, 1961. Should be sent to the Hongkong & Kowloon Wharf Co's. godown (en-play on news that the Hassians Gulf C

trance at No. 2 Gate, Canton Road), between 8 a.m. and 5 p.m. on Satur- day, 2nd September, 1961.

ALL PASSENGERS MUST BE INO- CULATED AGAINST CHOLERA BEFORE EMBARKATION,

SUBJECT TO CHANGE

Agents:

MACKINNON, MACKENZIE & CO. OF HONG KONG LTD.

P. & O. Building, H.K.

Telephone: 36211/9

P.O

ORIENT

LINES

5.S. "ORSOVA"

SAILING FROM HONG KONG FOR

SYDNEY VIA MANILA THENCE TO

UNITED KINGDOM VIA SUEZ.

EMBARKATION: The ship will be borthed at No. 6

SAILS:

BAGGAGE:

HEALTH:

;

Pier, Kowloon Wharf, entrance at No. 4 Gate, Navy Street, off Canton Road. Passengers should embark between | 0.00 p.m. and 7.00 p.m. on Sunday, 3rd September, 1961.

Mieton Development Montgomery Ward Nationat Caan Reg. "A" New York Central National Trad....

also among the D Elevators .....

Ford gained more than

two

at its best in the motors where optimism mounted for a con- tract settlement next week.

Today's volume was 2,820,000 shares.

Of a total of 1,233 shares traded 533 were higher and 457 lower,

American Exchange volume was 1,440,800 sbaita.

Bonds Volume amounted 16 55,120,000.

Closing prices

Abitful Pwr, & Paper

Allied Chemienis

Allis Chalmers..

Aimseleati Árline

Aineriem Met

American melting. Aineritan Tel & Tel

American Toh,

Attnenda Copper Atinbur

Atlas Cons, Mining

Pacific Ga & Elec. Pan American Airways Paramount Pictures..... Pitsburgh Plate Gloss Itadio Corporation Republie Steri Reynolds Mola! Reynolds Tobacco Sinclair Ol Socony Mobli Cil Square D..

Standard Bronde

of

91

544

#142

Prices decline

further on

the market

The month of August was brought to a close this wook as the quietest month of the year on the Hongkong Stock Market and the atmosphere has been one of almost unrelieved dullness.

There was a further delinea Baited rally. Buyers ap- this week compared with the peared in manbers and the previous week, but the murkel close was marked by an optim- showed a distinct Improvement | Istle note. Turnover was op- at yesterday's close compared proximately $3,850,000,00, with Wednesday,

Thursday: The mariset show- While prices declined a little, d

B distinct improvement fl voltune of business for

the 4-round,

interest being widely day work (Wednesday was a spread t betior prices right huliday) amounted to about from the beginning. At one $12,000,000 compared with about stage in the morning buyers $11,230,000 for the previous 3 outnumbered sellers by eight to day week.

one. Some Irregularities ap- Two factors were largtypeared near midday due to responsible for the quiet con- some profit-taking, but the ulter |ditions and easing prices during noon session showed a steady the menth. These were the sum- tendency which was held until mer season which usually affects the close! Jardines improved, the market at this time of the while Dairy Farms and Gilmans year, and fears about the Ber-were done in more than average Hin situation, although those quantly a very stendly prices. fears did not appear to worry The market closed at the Wall Street or Lonao to the strongest we have seen for some some degrɩO,

time. Total business done was $3,400,000.00.

turnover

The volume of business re- ported during August WTH $51,624,091, bringing the total turnover since January this year to $1,004,406,480. In comparison, the for August 1960 was $28,301,192, and the total turnover for the your 1900 was 5075,775,013.

Another new share will be quoted on the Hongkong Stock on Monday, This Exchange follows the Local Properly and Printing Company Limited nouncerneul yesterday at their annual general meeting that 2204 they will be distributing 128,660 BCW shares al the premium price of $28 less tivo per cent, La a ne: $27.44 per share among all members of the Stock Exchange.

453.

31014

Market diary

→

Friday: Today's trading was fairly widely spread notable by what appeared to be a degree

HONGKONG

STOCK

EXCHANGE

by

Our Own Correspondent

Business done on the Hong- kong Stock Exchange this morning amounted

to ap- proximately $970,000. Noon quelations and the morning's transactions:

Rhares Buyers Sellers

300 370

of forced selling which caused HK Bank..

The easier prices all round.

lower prices brought out buyers In the afternoon bul the market closed easy. Turnover was approximately $3,140,000.00.

The Secrciaries for the Inter- national Investment Corp. Ltd. announced that of the close of business an

14045

40T

21xd

50%

7614

2812

100

80s

1N

173

7222

001%

STA

4016

164

30%

60 per share.

43%

4119

August 24, the shares bnd a stritistical value of $10.74 per share.

Dividend & Bonus announes- ments during the week: H. K. Tramways Interim

60% per share; H. K. Elvetries Interim

701 in

Lan. Reg.

HK & FE Inv.

243

2214

Bales

120 we 310

120.6) 370

3 OF 37%

20 300

12 12.50 1000

45 304

12.20

100032.10 50 or 100

200 * 108

100,00

100 GT5

563 M 40!

100 D 100

100 1 815

214 2.65 10000 22.05 301 302

Ex All... Wheelock

HK Dock

107

110

1001,

Talk:4

Provident IK Hotel BIC Land

071% GO

Realty ro Tm

KMB

7511⁄2

75

600 7

100 750

Youtzatl

117

118

60r 120

200 + 110

200 116

C. Light

Electri

Monday: The session started

A very

with qulet mood hayers bidding, but only t 5116irgain prices.

Contrary to the general re- action of recent weeks, sellers uppeared to meet these hopeful hids and prices ensed through- out the market. At the close there was little interent in any stock and operators,

either

Standard Oil of Cal. Standard Oil of Ind Standard Oil of N.J. Sterling Drug Co.

Stokely-Van Cano. Studenker-Prekord Corp. Swift & Co.

321/ 1040

Тежав Со.

# 407.

Union Carbide

137

62.

Union Pacific Railway

235

United Alteraft

DX11

2

1.3. Суркот

伸位

303%

VS. Nühber

13

70%

L.S. Smelting

2014

the

11.8. Steel..

40

200

Warner Bros.

11315

400%

Westinghouse Electric Woolworth (K. W.)

1341

7412

UFI,

COMMODITY PRICES

COTTON

NEW TONK Closing prices ati in cents per

Spot: 38.20 nem; Oct: 14.45; Doc: 25.02: Mar: 30.on: May: 06.09; July: 366; Del: 35.19, Dec: 3.22.

The ship is expected to sail at. Mid- 15.7

night Sunday, 3rd September, 1961. Should be sent to the Hong Kong & Kowloon Wharf Co'a. Godown (No. 2) Gate), Canton Road, between 8.00 a.m. and 5.00 p.m. on Saturday, 2nd Ib.i September, or between 8.00 aan. and

LIVERPOOL Closing prices all in pence per

American Coniraof

Oet: 24.37: Dec: 24.75; Mur: 25.0:

1.00 p.m. on Sunday, 3rd September May: 15.00 July: 10.701 Oct: 23.63: 1001. Passengers should only take De: 23.05.

light hand baggage that they can

Mixed Contract

Det: 14.75; Deer 26.18 Mar: 23.65:

carry themselves for entering at No. May: 2000; July, 2010; Oct: 25.10: G Gato on embarkation.

ALL PASSENGERS MUST BE INO- CULATED AGAINST CHOLERA BEFORE EMBARKATION.

SUBJECT TO CHANGE

Agents:

MACKINNON, MACKENZIE & CO.

OF H.K. LTD.,

P. & O. Bldg., ILK.

Tol. 85211/9.

Deet 20.10.-UPI, *

FOREIGN EXCHANGE

NEW YORK Closing rates; Canadk England entria

Aimiralia

30-day

DO-LEYS

New Zealaŭd

Nuth Africa

Deigin

ま

LONDON Closing rates;

New York

Montreal

Aunsterdana

Brunngin Copenhagen Frinkturi Lisbon Oslo Parts Atockholm Milan Vientia

Zurich

2.0019-2.80%

2.0014-2.693 116.130-10.2

130,60-133.65 13.34-19.345 11.21-11.21 13.7410-83.2016 20.01-20,01%

13.701-13.74% (4.47-14.33 174016-1741 74.26-72.59

-UPI.

METALS

NEW YORK

Closing prices all in cents per

!ຍ.

Lead Sept.

Out.

Zle

Cupper Sept

Dept. Dut

Uct.

LONDON

buyers or sellers was probably lowest number for many

months.

Turnover was approximately $1,700,000.00 in a dull day's

trading.

Tuesday: The tempo of irad- Ing today was greater than scen for some time but sellers Jed the market and buyers wer looking only for bargaine. After a period of enutious watchful- ness during which virtually no business was done, sellers ap- buyers de-

peared

mands.

and met

Prices feli all round but near the end of the day there was

U.S. INVESTMENT:

QUOTATIONS

The following are Invest- ments as in American

Buyers' prices mlision:

Amated Fund

Am Bun Sh Alom Dr Mul Axe Hought I.

Closing prices, all in sterling Founders Mut, d,

| per long ton:

dollars,

include

coin-

Sales Buyers

0.03 品 4.77 5.09

Just-12-1944

0.33 10.14 15.03

15.48 17.24 10.40 12.077

בת.12

26

540 ( 33

10:00 10

Park I 75

371 372 17002745

Ja 347

HK Telephone

To... 41% (Rights)

300 37%

50037

500 66 374

10038

100

23 3837

12 1550 $2

1000 41

10021

IK Ga

GVmzit

Jardines

4.425

45

22 24 30

100 24,10

2500

G.1. Coment Dairy Farm 371

Textile .... Nanyang

A. Rubber

B. Trust

L... Crew

2000 4.470

200 34.30

200 or 24.30

360 #24 20

24.30

Ino

21.10

200 24.20

3014 + אא

200 24.

30

31

38%

800 R

0.00 6.83 11.00

1,0% 0,33

7.30

7,00

4916

1050 6de. 1050 15.

Govt. 1% Loan

(1940)....

1948)....

I Mine..

Star Ferry

XD

Repe

4:0

街

36.

50

Exchange rates

Business was done in live locat unomel exchange market this

morning at the following sales; U.B. dollar (pl)

Pirita noty r

10.20 11.00

Bullock Fund Canada Gen. Canadian F

1.703

Centation Int. Cr

£1.80

11,30 12.23

15.87

Chemlent Find

13.07

11,20

Denwith Brock

16.23 20.03

31.18

31.14

Dividend Burn. .....

341

3.05

Cambodia el per les

Australian potes tour £13 17.9% Japanere ah, (per 100).... 140

immyfun Fund

17.70 1924

Frener new trane (pre. 1)

7.04

Fatca & II. Kinek

1241.6M

15.73

Indonesia sublay (per tour

3.30

Sieciamien Inv.

200

831

Arial critizmiro" (per 100)

1.00

12.30

B: ht

Argentine pero (per Te0)

| Hamit pa. DjC-7 15.

043

Korres (wan (per 1,000)

130

Buyer Reijera

Insound.

12.00

13.10

Itation ira (per 1,000)

9.15

'r

Instit Growth

13.37

Chinese JM (per 1)

Spot

ព

905

vilt Income

0.70

7.33

907

invent Tr. Boston... 12.70

13.00

Copper

Kegatoria Cual

31.04 21.03

Siput

Корятовые сыртка

10.01 1721

200

Min Schy. 55. 16.

ED44 10.07

Lead

MRM Growtht

7000

Hpat

Nut Fee. Bae (37)

10.70

-month

00%

Beudder. 24. ACU

20.02

サロ20

Zina

Spot

Tyler El. Jind

10.00

7.91

10%

Valige jare Fund ........

1 глогий

Wellington 'Fund

1.4030

aimonth

3-montli

232.12

Taiwan yarn (per lui

1 bat the 100) Nurmala kyat (per 101. Takistan rupee (per 101 Maeno patgon ter i Norwegian krone (* 100) Philippine peso (per 1 Singapore Straite (per 1) Do Bwi fiane (per 13 Netivertida gullfer (per 1 Weet Garmin D-Mark, sper 15

Cuban peso (pwe 1) Sin

London Market Russia's nuclear test shock turned the market

London,

dull. Industrial stocks moved in a narrow range with prices either way only rarely ex- ceeding one shilling.

The recent prickle of bargain- bunting dried up and the trading

volume contracted making gilt edged the only stocks to set a definite trend. The government bends edged upward with gains running to

L1, 8th.

Channel tunnel counters Ind the best gain, leaping 2/34 to

7 shillings."

Stores worked a shade higher while textiles and electrical

stocks Improved. Motors were

quietly firm.

Japanese bands irmed in

‡ subdued foreign sector—UPI.

Closing prices

British Government Securities 2 Consolidated— £30. dely. Conversion—£52-1/y. 3. Savings 1055/05-£{01-21/32. 35. Savings 1960/70--@35=11/18, 9. Savings 1065/75-071k. 3. War Loni- £53-7/18. Overgas

5%. German (Qawesi-ENEE, MT, Japanese, Assentert— 32 3501';.

Hanks & Insurance Barclays Ord-08x #d.. Beli. Merchants Insur-52a Dd. Chartered Bank-51 G Guardian Assurance-Ala Gal, Hongkong Bank-$84. Landel Trust-ba Ed. Lloyılı Bank-509 Odi Lambert Banking Ord-15%, National & Grindleys

rufenili Artur. 3/13, Royal Bank of Huy | 1735File Or..1234 Đ

On

3.

British Petroleum-ið. Burmah U13x 5. Shell Tranenori -117.

Ultramar

Royn! 25% 71%d.

Steels Engineering Bubcock & Wilcus Ord--27s 1+1⁄2tl. Colvilles Ord-35 71, Dorman, Long--30s 1934. Guest, Kern Ord-85 0. Henrie & Linycs Ord-45 10. Summers & Sona Ord-43a 10%ıl. Tube Investmento-61 d. Unlied Steel-421 41jd. Vickers Ori-325 10.

Asoc.

1^& Woil? Ord-176 Dd.

Electric

Elet, Industries-30 d. Aasoe. Television "A" Ord+30. Brit. Elocifonie Ing.-10n Bd. Brit. Ins. Callender Ord-87 715d. Elec. de Mas, incluation-374 50. English Electric Ord-30s dd, General Electrie. Ord-30A DA. Philips Lumo Works-20-19/10.. Rediffusion Ords tel

Flamin

Assoc. Portiond Cement-7la du. Boardman Marden Ord—in 1990. Borax Holding)-15 Nece Recorda Ord-634 Dunlop Rubber Ord-20s 1812. Pixons Ord—375 31.

Giman Holdings) Ord-3x Bd. International Conipulera-M78 01. Turner & Newall Ord,-03% 10. Unilever Ord-1415.

Wiggins Tenze Ord-lia 3d.

Chemical Bonta Pure Drug Örd-27, no. Imperial Chemical Ord-C7a 04.

Cinemas & Television Assoc. Brit. Pictures 4ün 1ląd. Renk Organisation Ord-245 7yd. Stall Theatren-Bu dīgi.

Paper

Bowater Paper Ord--548. De La Rue "Ord-S19. Spicer Ord-13 d.

Tobacco.

British-Amer, Tub, Ord=-64% 9. Carreras "1" Ordun $50. Imperial Tabaero Ord-owy dd.

41

Motors British Motor Ord-1s 101yd.

Hawker Siddeley Ord-300. Jaguar Cara Ord—ills 14d. ŝtolts-itoyen Ord-455 dd.” Westland Aircraft-17= 101.

Textile

Bradford Dyern-10 1140. Calico Printers Ord—120 dd, Couta (JP) Patan Daklwin- Courtaulds Ord244.

Pin Spinner

Lirashtra Cotton Ord-35 td, 1ireweries

Dailers Cp. Ord-36, Guinness (Arthur) Ord=52». Ind Coope Ord-130.

Stores

Fiệu] love} Ord-Lăn K. Great Universal Ord-5ts d.

Great Universal "A" Ords 3d. House of Froer Ort-434 GL Lyons 1A Oru-dia. Marks Spencer "A" Ordüle Oct. Tate & Lyle Ord—44* 195d. United Drapery Ords . Woolworth (W.) Ord-30

Miscellaneous

71.

Bowmaker Ord~15x_1{pd, Brit. Commonweal Ship. Or.-30

Cassilon Paelle. Orl-$11.

of London Real Prop —7is dd. Curd Stegmalako Ord-1:54 tidl. Forestal Land & Timber-12s 10d.

Furness Withy. Ord-37a Odl. Hongkong & "China Gur-939, Hudson Bay Co-4 Indo-Chins Def. Ord-1. Land Securities Dri-27a Od

P. & U. Stecin Nav. Dette 08.

Asines

Anglo American Corp. SA-1201 11.

hitials Tin Investment-20 Oct, Consolidated Zine Ord-03; KL De Beers De

Mount -57 5. Petaling Tin—11x

Hand Selection-38 V.

Rhodesian Anglo-Amer. Ord–544. Rhodesian Selection Trust-Us PC, Rio Tinto Bearer-35

Roun Antelope Copper-b9 3d.

10

Corporation 150. Welkom Gold Mining-12, 43. West Hank Investment Trustida

Western Holdings-110s 103d. Sauthern Maleyan Tin-356.

Hubber & Tone Angin Indonesian Plants 116. Ceylon Ten Ord—19# 3d, Imperial Teu Ordelde 3d. Keala Lumpur-Kepong-33. Lambak Hlúbber-461 3d,

-Rouler.

UNIT TRUSTS

Fund: $1.20 First Hongkong (buyers $1.28 (seller).

Second Hongkong Fund: 92 cents (buyer) 08 cents (seller)

Agreed merchant

rates

Swig Franes Muttimum Sell- ing 75%.

PASSPORT

TO SECURITY

LOMBARD

BANKING

LIMITED

BANKERS

Tend Sk

FARM B4

AWiseinvestor Log 04FOSI PARSUDOK

BANK DEPOSITS WITH LOMBARD BANKING earn a steady 7%, Interest in assured Security, without deduction of United Kingdom income tax. Ask the Manager of your local Branch or write to the General Manager at Head Office for your cop? of "Denk Deposit Account” Booklet No. Á.Ø. 74,"

Assets Exceed £100,000,000

Open a

BANK

20

DEPOSIT ACCOUNT ·

with

LOMBARD BANKING

LIMITED DANKERS

Ttead Office: LOMBARD HOUSE

CURZON RTHKEY, PANK LANE, LONDON, WI

GRO 411 (30 Hom)

A World-Wats Banking and Finance Organiation

.