1961-09-08 — Page 2

THE CHINA MAIL, FRIDAY, SEPTEMBER 8; 1961.

WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE

TUMBLE AND RECOVERY

Tuesday's losses recouped; market

closes firm

The Hongkong

Stock Market

KK Bank Lombard Wheelock HK Wharf

KK Docks

Taikon Docka

a glance ★

Dividend

+ Bonus

London stocks move higher

London, Sept. 7. Stocks elimbed steadily higher today in a brighter market cheered by Wall Street's overnight jump but brokers said buying was selective and turnover small. Tins rallied from yes- terday's plunge.

Beech-nut Bld for

boost to 28/3d.

Dutch Unilever NV bruke into higher ground,

the home tea gave blenders counters a six-shRog Ting recouped some of yester- day's heavy losses and put on Industrials Anned with Im-up to 3 shillings, helped by, to perial Chemical, Dunlop and day's better price for the metal Courtauld adding a few pence and a calmer market, Coppers

* The share mark et · at

Aug. 10

Aug. 17

Aug. 24

Aug. 31

300xd

376

380

370

Sept. 7

300

Up or

Down

Yield (%)

The U.S.

2.0

Tetley's

4314

65n

400

4511

451

ntendy

$2,25

13

12.00

1214

12.20

11.40

750

0.8

300-

300

378

3782

382a

+4

312

3.2

112

107

109

108

107.

54

3.0

7134

70

TO

08

04

$3.20

$

Provident

33

3114

31b

30

29.00

-100

$1.30

4.1

IK Hotels

4514

4234

43

43

30

03

4.7

euch while international stocks euch DS Philips Lamps and

rallied

HK Lands

7319

715

71%

49

0014

-814

$8.40

3.0

IIK Realty

2.05

2.47%

2.55

2.55

2.30xd

13.700

5.3

HK Tramk

42

40/

39

38

52.05

6.2

Star Ferry

240%

240N

2361 xd

236K ku

230 xd

$10,50

4.3

Vaumatis

130

127

125

[19

112

$0.50

8.0

Ch Right

10

39

3814

38

36

31.10

3.)

41

40

3844

383%

305%

$2.70

4.0

II Telephone

404ex

44

4416

411

414

$1.75

4.2

[axuen

64

021%

12

61

5814

$1

4.0

Dairy Farm

41%

40

3016

18

2014

32

5.5

shares for

A. S. Watson

Во

51

5Q

476

52.50

5.3

Lane, Crawford

433 ex all

14 ex all

40h

40158

39

$3

Int'l Investment Allied

16.00

15.70

1514b

13.20 ex all 15.20n ex all steady

0.3

10.80

10.30

9.80b

101

10.20.

+20c

$1,25

12.2

34.70

24,00

24.600

22 ex all

22.30 ex all

+30c

SI

4.J

6.70

0.70b

6.80

6.80

6.60

200

50c

12.10

12.20

12.20b

12

11.70

-300

RO

78

784

30

72

$1.10 $3.80**

3.9

28

27.30%

26.70

24.10

23.30

-80c

800

3.4

yesterday to recoup the losses suffered on Tuesday when a sudden spate of selling caused shares to tumble.

Prices dropped sharply—from six to 12 per cent

—overnight on Tuesday,

Hongkong Banks felt from Issi, nine

new

$383 to $332: Wheelocks from very futur shares held at pur $11.80 to $10.40; Holes from san! $150 per share.

to $35' tuis from $65 to $3; Lights from $35% to $321.8 Monday: Trading; ctammeneed. Béguies from $30% to $3312) tochty in the shures of

Locat Filmin 10mm 31.40 to $3.00. 1'tupetty & Printing Co., Lut.

The rest of the market was dis tibelly wasak, afi counters record- ing loves on the day, Turnover was approximately $1,700,000.00.

Ta

targan ther tollowing day Arkl becaus strongan yesterday, when the mrket elusend in a strong mat.

However, compared with the pervion; week prices again tin- elined so following the Eve of Ferent week.

The stron bavit demand during yesterday's session sup

! it

burnover | $5,580,000 rungang the futal fe

Tuesday: Today's market was lominated by sellers and rea ponded to unusund selling press My by a wide range of Inakes. The nr-w "Locat Prinding" shares respons to proft-takers! and closed just above the Lane! prier. At the close buyers apej poured to take advantage of j bargains ad come slurs se-

The work under view (Fri gained a fraction of the day a

to yesterday to dant $15,614,-losses. Turnover was approxim 000 which was an improdemcat

over rerni weeks,"

Market diary

aly $2,850,000.00,

Wednesday: Business wadi

Elretries

G. 1. Cement

HK & FE TRY

Textile Corp

Nanyang

Kowloon Motor Bus

Jardinen

• When shares were five times their present value.

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

COMMODITY PRICES

COTTON

LONDON

Closing ratex New York Montreal Amsterdam Hrarely

Copenhage

201-2.0112

2.09-11/16-2.00-13/26

10.1484-20.14% [30.87-138.925 19.3515-19.301. 11.23-11,231

$0.15-30.35

Frankfurt List

in cents

Oxin

P

Sterkurin

20.0214-20.02Y 13.812-13.81 14.371-14.07%

Dee:

M

Zurich

$2.15-12.13

UPI.

NEW YORK Grk Inday and prices never!! Closing prices all up in some squarters very proper .. Friday: *

Spot: 31.30 nom; Oel: 14.50: prives at the nistrųly.

2105, Mart 1372: May: 3000: July: Bars

less than opening showed a promise that

gained no was not

LIVERPOOL Sastabied Trading $18 at one time and closed sib Me: Oel: 3.39: Dee: 23.62 Huiet-day, but begin to ease and alone yesterday, Local property

Closing prices all in pence prices generally eased, but only Printing Co. galnet nearly fractionally. Where wus some dollar and Lands gained $3.

setting pressure in the afternoon! None however held their best.

per h

American Contract

Ort: 24.30; Dee: 24.75; Mar: 2.20;

and the market closed quiet with due in profil-takers. Turnover: May: 25.79; July 25.6 Oct: 25.05

21

Rufnover of approximately: Was approximately $4,590,00,00, Dee:: 25.10.

Mixed Contract

151,273,42,0.00.

Dividend & Donas annosumer-

Thursday: The whole atnios- phere of the Exchange changed From te ments during the week: Yminati i today for the better.

the dominated Ferries Interim $2.00 per share, i start buyers Eastern Asia Nav. 10 cents per scene. Banke again led with an Nav. New advance of $18 which as in most share, Eutert: Asla

cases

was hekt steady to he de- close, on a strong buying mand Telephone "Rights" were in Kear Armandel in e alternoon caused quite a "thur- quick ry" putting on $1 in

UNIT TRUSTS.

First Hongkong Fund; $1.14, time. Whreincits gained a dollar (buyer) $1.22 (seller),

Second Hongkong Fund:

1

and in common with the whole of this improved trend closed m Ba string bond with a liminver

cents (buyer) 94 cents (eller). of approximately. $5,580,000,

Oct: 24.75; Dec: 23.10; Mar: 25.55. Mași 2000; July: 20.20; Del: 26.10: Dee: 20.10.-UPI,

FORLIGN FXCHANGE

NEW YORK Clusing rates; England öfletal

Ju-days 50-days

New Zealand

| South Afrien

Other unchanged.

KENT

KENT with the Micronite" Filter

REFINES away harsh flavor... REFINES away hot taste .makes the taste of a cigarette mild!

You'll feel better about smoking with the taste of Kent! ·

All over the world,

millions of smokers agrde.....

Kent's the best... for the flavor fou like?

A product of P. Lorillard Qa. U.Š.A., First with the finest CIGARETTES

through Lorillard research

KENT

RUBBER

NEW YORK

Rubber futures closing prices, all in eculs per th

Sept.

Nav.

Jan.

Mar.

MAX

July

Sept.

REX Standard

30.50 30.40

30.11

29.03

20.05

25.85

29.0

26.05

20.07

23,65

LONDON

Closing prices all in pence per

ib.:

AD120 No. 1 Rot.... 25-11/10

2.0020

Settlement house term:

2.0000 Sept.

2.8026 Oct.

1.400 | ÖMJ/Der.

251-20

251-20

Jan./Mar.

Apr/Jung

2024-20

July/Sept.

General markets, elf bests, ports: Sept.

235-25 23-1/16-23-9/16

Etale erept

this Sept. 22 thick Sept. 20

-UPL

METALS

LONDON

New York stocks decline in active trading

New York, Sept. 7.

HONGKONG

STOCK

EXCHANGE

by

Our Own Correspondent

Business done on the Hong- kong Stock Market this morn- Ing amounted to approximately $4,470,000. Noon quotations

the and

morning's Trans- nctions: ANGIPS

Kaler Buyers Belts

364 379 20370

HK Back..

11K Bank

Lon. Hog.

GO 374

00 +

035 14 OU

#1 The

164

20 370

281

200 +1 200

19

22.40

1.K. & F.. inv.

Allied inv

Ex. Al. Wheelock

Old......

16.70 3.90 1000 11.70

5000 11.90 3000 11.

JUCU 11.90

15000 11.80

1000 11,70

4000 11.00

2009 & 11.0

4300 11,70

3000 bo

New ...

11.50 11.30

1000

15

After moving along on historic high ground most of the day, the stock market de- clined in the final hour today. Trading HK Duck was active.

The market was slightly 19gher at the opening follow- rally to ing yesterday's brisk

a new all-time high. It rose substantially in the first hour and remained weil shend until the selloff near the close.

Most losses ranged from a few cents to around one dollar a chore.

Standard Anul Four's 500 fell 11 cents to Stock Index $0.35. It had set an all-line high of $68.46 yesterday,

The Dow Juites 30 Industrials rose against the trend, adding $2 for another historie high of 720.53,

The Associated Press 60 stock rose against the average also trend, up 30 to 250.40.

Chrysler Corp Ciles Service Coca Cola Corp Colgate Palmolive Commonwealth Edison Comalidated Ediann Continental

Corn Products Co Crane Company Crown Zeilerbach Curtian Wright... Dit Corp-Seagrama Douglas Aircraft Dow Chemical

Dupont de Nemours Eastern Air Lines Eastman Kodak Food Machinery & Chere, Ford Motor Cu.

General Dynamics

General Electric General Mills

General Motera

General Telephone

Georgia Pacile Corp.

Gelty Di

delte Co.

Goodrich, B. F.

Goodyear Tyre de Rub. Grace. W. I, & Co Gulf of

taper) Rare.

Electronics fall Weakness first developed in

and spread the electronics other market arcas, There were some sharp losses among Electronics.

They were joined by the cars. coppers, tobaccos um oir-crafts

In the retreat. Most stecis

Closing prices, al in sterling|dvanced, per long ton.:

Tin

th

Sp

Copper

3-month

Lad

Spot

3-month Zine

Spol

616

Or 1,281 issues traded. Buyers Sellera declined, 423 advanced and 223 closed unchanged. There were 54 new highs for the year and 20 new lows.

2321

Business Mach Int Harvester jed Nickel

int! Paper Inti Tel & Tel Jones & Laughim Kaiser Aluminium

Kennecoit Copper

Libby Owens Ford Liggett & Myers Lockheed Airc Lone Star Cement Larard. P Co Marin Cu.....

Merck & Company Metro Goldwyn Mayer Volume rose to 3,990,000 Minneapolls Honeywell shures from 3,440,000 shares Minnesota Ming & Mig

Muntants Chelep ... 642 traded yesterday,

Munigomery Ward Du Pont rase 3, Woolworth Moore MeConnack Lines

Chemical. Maltrate Inc. and Allied These advances helped some of National Chin Register

Notional picult

OGY

7422 7532 11.

Chartered Bank

interim dividend

The Chartered Bank an

nounced yesterday that their Directors have de- clared an interim dividend

thit averages to new higha,

National Dairy Prod. Some of the business news National Distillers

Wall National Gypsum

National Lead... New York Central Northwest Airlines Ohio Oit

Olin Mathieson, Chern Parille Gas & Eler... Pan Am World Always Paramount Pictures Pennsylvania jut

was not encouraging to Street. this included a declina in U.S. var production this week, largely due to the Labour Day Holiday, and a decline in sales of V.B. cars lost month.

Losses among the electrantes included Zenith 8. Litton Pepel Cola.... industries 04, Beckman Instru- Pitzer, Charles menis 6, Xerox 3% and Texas Phelps Dodge flip Morris. Php Petrel Fure Of Sunker Cats r Jadly Corporation Haytheolt Compulty Republic Sựrt), Steynolds Metals irynchis Tobacçu, Hazel Dutch Fetrol St. Regis Exper Bears Roebuck

Instruments three.

American Machine & Foundry led the volume list, off at

of 7% actual subject 15% on 73,200 shares. General to deduction of income Motors was second, off 1⁄2 ui 47 tax at 7/0d. in the Pound on 48,700 aluares. Studebaker- payable on Beptember 29, 10% on 47.000 shares. 1981.

Packard was thirst. off al

Chrysler was fourth, of

at 83%, followed by Ford, off

Hitell ....

Aineiatr O......

1000 11.40

GOO at 21

200.40 4000 1114 2000

100

107 400

11.50 130

100 100

200 6 107

100 101 2001 2000 107 200 JUH

33085

350 631

30 1000 20,00 1.00. At 2.70

Talkoo

041 6514 Provident. 29.70

FK Hotel..

HK Land..

40 1000 40

204035

5500 40

00 00 2000

400

1233 + 67

300 01

4

Itealty XD 2.375 2.425

200 i 63 1030814 1000 2.425

5000 2.45 10000 2.425

Tram XD .. 2014

KMB

73 731

3000 2.4329 2000

500 38 3500 or 30! 500 23 2500 3915 40 73

100 ฟ 7

731

500 6 70%

DCU 4 73

300 13-

Yaumati

+

112 113 300

C. EL

B00

443

200 to 2299

301

300

1000 37

1000 or 37

1000 or 3014 22000 + 30!5

lost a finit start and golda drifted downwards--UPI,

Closing prices

Bridal Government Securities B25. Consoliuntext-£30.

312. Conversion-£525 11630.

3. Anvinga 1995/65- 9a, Savbyť¤ 1930/70-CM-11/10. By Savings 1943/70-EG)-13/18, 3. War Loan-£567734.

Overseas Bonds

39. German (Dawes)—29IA,

', Japanese, Astepted-£N}%

Banks & Insurance

Barclaya Ord-720 34. Chartered 23. Guurulan Assuratzer-dás ad. Hongkong ink—4: 109. Landel Truul--154 64.

Back-02 Du

Lord Banking Ord.-143 1

Nalisant & Gründleys—32, DHE Prudential Assur. "A"-£23-1:9/10. Royal Bank of Spunda-1 20.

Petroleum 44 d. nah One Shell Transport Ord-1105. Royal Dutch-£11-12/32. Ultramar Company208 419

Stocls Engineering

Nabcock & Wilcox Ord-269 34. Colvilles Ord-554 Ed.

Bomas, Long-30% 30. Guest, Keen Urd-8 15.

Mein Box-B act.

Stewarts & Lloyds Ord13a.

Summer & Sons Orda.

Tube Investment

United Sler-42 3.

Vickers Ord-3}z Ud,

Electric

Ord-30s

Assoc. Elec. Industries-359. Assoc. Television”A” 101.4.

Brit. Electronic Ind.-11. Bril Ins. Callender Ord-5. Eire, & Mus. Industries-369 English Electrte Ord-301 93. General Electric Ord-311 30, Phitus Lazy Works-1. Itediffusion DṛL-413,

Industrial

32

Assoc. Portland Cement-zda 115. Boarding Marden Ord-4ɛ 01.

Decca 1941.

Recorde Ord-631 0

อย

Dunlop Rubber Ord-20 1011⁄2d.

Fions Ord-32k Dd.

Gitman (Holdings) Ord

d

Turner & Newhall Ord.—031 4104. Unilever Ord--148.

Wiggins Teape Ord-148 pd,

Chemicals

Ord-dys 11.6 Chemists Ord-17

Cinema & Television

Ori)-24 15.

so, Brit.

Orgullo 15.

Stall Theatres-61 Gd,

Paper

Downter Paper Org-12. De La Rue 'Ord-Ma Od., Spicers Ord-425 pct. Tabarev

Trilins-Amer. Tob. Ord-63x Bd. Carreran "R" Ord—is išlyd. Imperial Tabarca Ord-cod.

Motors

British Motor Ord131 215th, Hawker Siddeley Ord-369 7!ud.. Jaguar Cara Ord—1938. Rolig-tayeg Orú405 74d. Westland Aircraft—18s.

Textiles

Bradford Byers-103 34. Culleo Printers Ord-lis tigd, Courtaulda Ord-dis dd.

415d.

Fine Spinners Ord--23 Lancashire Collon Ord-Sie 1954.

Breweries

Dhillers Co. Ord-37 15d. Gilliness (Arthur) Ord-Six 3d, Ind Coope OM-13s 4:44.

Stores

Fuch Lovelt Ord–105 qlud,

Great Universal Ord-554 kl. Crent Universal "A" Ordi−40% $3. Houre of Fraser Ord-334 Bd. Lyon (J) "A" Ord~00%

Marks & Spencer "A"

Ord-1025

Tate & Lyle Ord~47% 1019d.. United Drapery Ord-17% 7lid. Wentworth (F.W.) Ond-214 7ind.

Miscellaneous

Bowmaker Ord-10% 30. Brit. Commonweal Ship. Ord.-30 Loved.

300 384

BGJ W !

1500 3814

Electric XD

1500 371%

500 371

મ

Telephone

Old

42 42%

Telephone

Rights...

300 3739 160 or 30 500+3712 124 37!

toy 4 4A 300 4815 DOU 43 *200 421 103 43

2300 4212

100 42

41 42

17.40 17.70 1000 317

IK Ca 20.60 20.70

hell Transport

Clean

44 4.55

Scotty Mobil 03

1,

એવા Are Geld a lit Sauth California Editon

Houthern Company

Aphrry Int

Jardines

.. 33,00 23,00

At an extraordinary general 14 at 80%. moviing of stockhutilēra ha Other active logors included October 4 1901, the Directors Amerikan Photocopy will recommend that the Brunswick 1 and Standard authorised capital of the Ukik Kollaith 1AP. be mised from £6,500,000 to £10,000,000.

The Diretors also

Closing prices

propose Allled Chroes) Corp. rinking a tigia asus to stock Aluminius id.

Allie Chalindra

holders on the register

et the| Aluminura

close of busincan on Goptein- Ameradz Petri ber 21, 190t in the proportion Americatt Can

of one & aliare for every £6

of atbek held, thus raiding the

Amerient Aren

American Cyanamid Anmellan Mutore.

Issued capital of the Bank from American melt & liefin

£6,500,000 to £6,000,000."

Agreed merchant

rates

American Sugar

Ameriese Te & Te American Themego Anasoody Cummpany Armeo Berl

Attivar & Company AERCITASH, Dry Goods Asianile Hénating hindix Colp: A

Bethlehem, JUNE Home Airplane Norden Cou

Malayan Dellits: Maximini | Murodga kõigi va Beilng, 62: Mülliam Boyli, Cenadiers Postio neaway

Case, 3, 1. Co.... 03% T., 634 OD, 04 30 Celanese Corp Am days, 64% 69 days.

Cerro Carga ke

Blenders Brands

Standard Oil California Standardi indiana.... Sletlerd Oll New Jersey Standard On Onio

Sterling, Drug

Sitidebaker Packard

14

Texas Ine,,

2112

Thamprof Hamo W.

43

Tidewats

OR .......

41

Twent. Century Fox

18

Trane World, Airlines

sati

Baith On Chitturizin

19

Union Cribidh

Unica Pacif

United Aircraft Corp.

United Air Lines

4752 | Valted volt

#U.. Incheimtiten

11.8. Unes

12 MB. Rubber

0

60

12. Nimelt & Redit

stud. oire) ...

50 Wars Benq Pictures

003; Western Union," "Tyl

4 Waluse #ecirte

20 YORK Towne

mil | Youngstown, Bhest N

Zmut Madio

Total Block Bur

FL Cericht Bell base

Hairy Farm 50 87

Watste

TINE

4300 17,20 4450 17.9

1CD

17.30

1740

2160

3CD 17.30 1901740

100 175 130 & 1740 TO 19.00 1900 ar: 201

20:00

23.70 100029.0V

60# 21 1000 x 21.10 1000 a 21.20

Sob vr 21

2303 29,70

103 20.0

1400 a 20 RO

500 20.70

000 20.00

Canarian Paelle Ord-4434. City of London Real Prop. Tha Bu Cunard Steanship Ord-14 71 Furestal Land & Timber-. 4160.

Hangkung & China Gas-23. Hudson Bay Co.-E4-7/10, Indo-China Def. Ord-214 Bd. Laval Securities Ord-30s ¢d. P. & G. Steam Nav. Det-37.

Minst

Anglo America Corp. BA-127

Bril, South Africa Co-001. British Tin Investment—10s.id. Connallined Zine Ord--Gas Rd.

De Beers Def-1348

London Till Corp.

Mount Inn 50

Petaling Tin- d. Band Sefection-338 19úd.

Ibudegin Anglo-Amer. Ord-051

Rhodeston Selection Trust-06 ijad, Die Timo (teater:-30% 7l5d.

Ban Antelope Copper-of

Union Corporation-48

Welkom Gold Mining

Trtist-dis

*Western Holdings--itha 34.

Southern Malayan Tin-33e gd,

Rubber & Toas

Anglo Indonesian Plant –ds 3d. Ceylon Tea Orl-ide 90. Tinpertal Tea Ord-152.

Kuala Lumpur Kapor 3 atd.

~Router.

Exchange rates

Bainess was done in the unuela! exchange market morning of the following rates: U.9. dollar (per $1) van 209 1o 29,70 | sterling note) (per" Ry), 199 4200 or 4.46 Australian notée iper el) ... 2000

Japanese yen (per 100) ........... 2000 4273 Cambodia riel (per 100) 2009 « 4!

cal

10,7

13.M

148

9.03

French new crane iper 1). indouesta zuplah (per 100) 3. Ritzilian cruizelia (per 100)

200

1,00

250*21.30 Argentina pero thar 100) Korean hwan (per 1,000) ith Hem 1per 1,000).

100 2340 buo na 233 1330 14 22.00 DUO 141213

BO 23.00 1500 » 23.80

23.00

23.87

* 21.9

RU 13.90

Chinese JMP (per L

alwa yuen per 16)

1 bant (per 100)

hurtele kysi (per 101. Pakizun rupee tour o Me paieen (per 1) Norwegian Aune (per 1001

lippine peso (per 11. Ringipare, Straits (per 1) Swiss frahe per it NetherlanÇİN Raider, oper Well Harman 5 Märse (ar 11 taben gees (par 1)

City

3000 N 0.00

600

Titel 1953 Rumplireje 23.10 kana, Graw, 130 40

200

12.00 ... Ata Nav... 290 Küne

| fit"|" invest.

ELAR

14 170 40 300 14.09

47

6.70

STAT

11.

A. Hibler Ba

11.03 410

# Trk

Local P. & 1. 2.70

1200

20

140

100

7.09

1.04

6.10