1961-09-15 — Page 2

Page - 2

WEEKLY REPORT ON THE

THE CHINA MAIL,

FRIDAY, SEPTEMBER 15, 1961.

HONGKONG STOCK EXCHANGE

WALL STREET

MARKET STAYS STEADY STOCKS FALL

HK Dank Lombard Wheelock

a glance *

Dividend

300*.

Yield (%)

The share mark et and

Up or

Aug. 17

Aur. 24

Aur. 31 Sept. 7

Sept. 14

378

380

370

200

138

town --B

& Bont

2.0

450

461

451

45n

45m

steady

$2.25

12,00.

1234

12.20

11.40

11.50

+10p

760

0.8

HK Wharf

300

378

3780

382.

378

J19

3.2

HK Docks

167

100

108

107

117

+10

3.4

Taikoo Dooks

70

70

08

04

84

alandy

$3.20

Provident

3114

311

30

20.60

30

+400

$1.30

4.1

HK Hotels

露拉

43

€1

30

40

41

F&

7.7

HK Landi

71%

7114

09

0514

00

+500

$2.40

3.0

RK Really

2,57%

2.53

2.35

2.10xd

2.35xd

+30

19.76c

5.3

41

4012

39

38

88

steady

$2.00

5.3

230 xd

230 xd

230s xd

230n xd

steady

$10,50

4.3

125

110

112

114

+2

59.30

8.8

381

38

38

3814

+25c

31.10

3.1

Electrics

40

394

3831

ባረ

3611xd

$3.70

IIK Triephone

44

4414

41%

12

42

+50c

51.15

4.2

G. 1. Cement

0214

12

61

Sel

59

+500

$4

Dairy Farm

40

301%

38

36

3016

+25e

5.5

51

50

47b

48

+I

$2.50

5.3

14 ex all

40b

40141

90

3832

-28c

$3

15.70

15%b

13.20n exon 13,20n ox all 13,40%

10.30

0.80b

24.00

24,600

100 22ex nit

6,700

0.80

6.80

12 20

12,206

12

10,20%

9.556 #2.30ex all 22.30

&.80

6.55 11.70

11

+200 -65c

6.3

$1.28

19.1

steady

SI

4.1

30c

Dex

$1.10

9.4

78

7814

70

27.30a

25.70

24.10

12 23.30

#2

23,80

steady +500

$2.50** Bilo

3.0

3.3

itk Trans Star FerrY

Yuunaafis

Ch Light

A. H. Watson

Lum, Crawford

Int Investment

Allled

HK & FE Iny

Texille Corp

Nanyang

Kowloon Matur Bun

Jardisies

246K

127

6:

40

• When shares were five times their present value.

Expreted aluidrad for year ended February 28, 1961.

The Seal of Security

However much money you have to invest, you seek Security as well as a good return. Lombard Banking offers both. 7% interest per annum is

IT'S A JOY TO SEE THESE MEN PLANNING

FOR BETTER TIMES

(Returning from holiday Alerander Thomson finds Britain blanketed by a Anancial fog. But he has din- covered some ploonć piercing rays of light.)

By Alexander Thomson

London, Sept. 14.

Dock shares

take the spotlight

SHARPLY

New York, Sept. 14. Stock prices doclined heavily with barely a hint of support today as volume also dropped sharply.

virtually Royal Dutch

Losses dominated every section of the 1st includ ing motor stocks which stood up

well early in the scesion, dreline was steady from outset, the market

The Hongkong Stock Market remained around its lows.

stoady with a slight improvement on balance during the weak.

Following the upturn on Thursday, September 7, the upward trend continued the following day after which movement was irregular until yesterday when the market was strong at the close.

Dock shares took the spotlight during the weeks, jumping; from $106 un Tuesday morning, to $113.on Wednesday, and climb- ing steadily to close at $117 yes- terdny.

Heavy trading last Friday ($6,000,000) helped to push up Í the volume of business for the week under review (Friday to yesterday) to about $17,770,000 compared with $15,610,000 Tur the previous week.

Market diary

|

if anything a Rile casier. Price changos were still only slight. Turnover was approximately $2,400,000.00.

Tuesday: Tending today was average in volume and steady, in price with gradual but small Kains being murked in Most

scellons. Banks and Dockts led

Rheem Hig:

Sears, Roebuck, & Co.

shell Oil Co....

The

Safeway Blores

the

Saint Hey, Paper

Schenley Inc.

closing

Beolt Paper ..

Biegler Coty.

Natural Cian Border Paciile Co. southern Hallway (Com). Sperry Rand Square D

The Dow-Joner Industrini Stclair Oil.....

Staith, Kling & French dropped a substantial Bucony Mobil Off average amouni reflecting weakness is South Puerto Rico Sugat Dupont, Eastman Kodak and a

Sur Co. (The) wide range of blue chips.

Utilities were also down but the ruits performed a little bet-

Aurorafts WOKO clipped Standard Brands sharply on the newe that the Standard CM of Chi Russians had accepted President Standard Off of Ind,

Standard Out of N.J. 'Kennedy's offer to negotiate Steel Co. of Canada The Berlin crisis.

Steep Hock

tor

Closing prices

Abitibi Pwr. & Paper Alden Ine. Acy. Algoma Steel Corp. Alied Ms Inc. Allied Chemicals

Allis Chadsere ... Am. Brake Shoe American Airline American Cable & Rarlin

the advance while Utilities gen-American Cyanense Co. erally accounted for a natier proportion than usual. The tone was strong and steady at the close with a day's turnover of $3,000,000.00.

Amer, & Foreign Power Am, Gas & Eletric Am. Home Prod. Aur Mach, de ♬ dry

American Metal Am. Natural "Clos

American Smelting Am. Sugar Fler. American Tei & Tel American Tab. Ampex Anaconda Copper

Friday: The upward trend Wednesday! The market was continued again on strong bary reasonably petive with special ing - pressuIJE with occasional cmphasis on Deck shares which Irregularities due to limited Jumped to $113. Banks also were Armed Steel

profi-taking which were how done at better prices, Other Armour ever shorilived. This is the movemeals were a little irregul-Abeaton Corp, third day of renewed interestur und the close was mixed but Asing Cons. Mining

Baldwin-Lima-llanı approxin-Baltimore & Ohio

and each day has grown strong- firm. Turnover was per. Bruks led the way again toately $2,080,000.00,

the highest for son time at

Thursday: There was another $374. Gains were spread active day after a quiet start. throughout the market tndleat- The usual qufet pause for pro- Ing a generali Interest rather it-talking by non-investors oc- than seletive buying. The cluse curved around mid-dny. How- was strong and activity was ever the afternoon spw turther but slight advanoce with buyers

sun-maintained with the bell. Turn-

After the delights of the Mediterranean

shine back to the financial fog of over was approximately $8,900,- in the ascendency resulting in a Trogmorton-strect.

000.00.

Monday: The morning session was a little quieter than of 10-

and the tendency was cautious,

strong close. Docks again led the market and closed at their strongest, Jardines improved

was approximately

$3,380,000.80.

It is not a pea-souper. But what with the Berlincent days. Prices were irregular Turnever

crisis and the TUC shouting the odds over Mr Selwyn Lloyd's wages pause the immedi- ate outlook does not look very clear. -

So it is a joy to see a shrewd together Industrialist Tike Sir Ivan Sledeford calmly planning for better times.

His latest scheme that will

to form a company called Loeana Mineral Holdings. Locann is a member of a mining syndicate that has been prospecting in Canada's frozen

coupled with the finest Security as establlah the big Tube Invest north. well as Availability.

A Lombard Banking Deposit Account brings you Interest payable twice yearly.

ASSETS EXCEED £100,000,000

Interes pull without strikection of United Kingdoni fecume Tar

Write today to the General Manager for your copy of "Bank Deposit Account" Bookist. No. A Ó. 74,

LOMBARD BANKING

P.O

LIMITED BANKERS

Head Office!

LOMBARD HOUSE

CURZON STREKT, PARK LANE, LONDON, WJ

GRO 411 (30 lines)

#Worldwide Bashing and Finance Organisation

ORIENT

LINES

s.s. "CHITRAL”

ROUND TRIP TO JAPAN CALLING AT

YOKOHAMA, SHIMIZU, AND KOBE.

EMBARKATION: The ship will be berthed at No. 6 Pier, Kowloon Wharf, entrance at No.

SAILS:

BAGGAGE:

HEALTH:

London stocks

close

lower

London, Sept. 14.

Bank of Montreal Bank of Nova Scotia Beech Life Savers D. C. _ Trị Cư, Bell Telephone Beneficial Finance Bendix Aviation Corp. Benguet Cons. Bethlehem Steel

Bering Airplane Borden (The) Co. Burroughs Add Machine Daliah Amer. Oll British Columbia Pwr C. Bresting Corp. Cana, k. of Comm. Cinta, Brewere

Campbell Soup Co. Canadian Pacific R.

Case J. Co.

Cal Tractor

Celanese Corp.

C. L. T. Financial Corp.

Chase Manhat. Bariš

Crysla Motor Cloett Peabody Coca Cola ..... Colgate-Palmolive Co. Colombian Carbon Co. Commercial Credit Coming Glass Works Consolidated Eunom Consolidated Paper Consumers Con Continental Cas Continental Oil or Del. Creole Fet

Stocks gave an uncertain performance in lights Com

trading and closed irregularly lower,

ments group on the northeast: Indications of copper and coast is surely a gesture of silver have been found. A long-term confidence.

"staking rush" has been going For the site chosen nton. Charter flights out from Washington, County Durham, is the nearest dying base at Fort Hyde Chimo have been at a premium. three-quarters the size Purk.

Mr Norman Darey, City financier. who is chairman Industrials declined at the of Locana tells me: "I will outset on August's lower stcel

a later be two years before we know output and

irregular what we are on to. But recovery incked force and could be

new petered out. a completely

The mining area,"

overseas trade Agures fur last month made no real impact on the markel.

How much money will even- tually be spent there? Sir Ivan is not saying yet. But clearly

it wil nin into many millions

In the coming! years.

The first factory is to produce electric resistance welded steel tubes. In the Milianda and

South Wales 1 bus

Who are the big investors in this adventuring? They include three Hambros bank, Suez Company; plants doing this already in "Chartered" Malayan Tin und iniracle of high-speed operating. | Anglo American Corporation, "Little budget"

Expand output

Now back tu the stock market, Berlin la obylously *They Lurn uut tubin

at the main stumbling block to speeds of up to 300 feel inverting at the moment. minule. Their production amounts to more than 40,000 like being cleared up, a sigh But if the crisis there looked miles of it a year.

of relief could give shares quite

In these three plants there Is payroll of 2,500. The first of the nuw

factories will employ 750.

I boost.

Wages rumpus

And the wages rumpus?

As

I

So it looks as though it will suspect the Government has expond its output of this kind | boobed in announcing a pause of steel tube by nearly 30 per in claims for higher pay. cent

It did not reckon on there Under 64-year-old Sir Ivan | being a pause in' profits os well, Steleford's leadership Tube if not an actual downtum. Investments is already spending

⚫ result few companies 533 million on expanding in ure likely to be able to afford steel making.

to add to their wage bills in His new project is another the next six to 12 months, pointer to the group's deler- imination to keep on growing A useful thought I suggest when you see

shares have that its come down froin B5/6 to around 03/- this year.

In those dull times hope also

Wells up in the hearts of a group of City men. But for a different reason.

Lors who two

yeura ugo

got

6 Gate, Navy Street off Canton Road. They represent the big inves- Passengers should embark between 6 p.m. and 7 p.m. on Monday, 18th September 1081.

The ship is expected to sall at 7 a.m. on Tuesday, 19th September, 1901. Should be sent to the Hongkong & Kowloon Wharf Co's. godown (en- trance at No. 2 Gate, Canton Road), between 8 a.m. and 5 p.m. on Sunday, 17th September, 1961.

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

SUBJECT TO CHANGE

Agenta:

MACKINNON, MACKENZIE & CO.

OF HONG KONG LTD,

P. & O. Building, H.K.

Tolophone: 85211/8

AMERICAN

·STOCKS & GOMHUDITIES

KE WHEN SELL

WHEN DIY

TECHNICAL

ANALYSIS

On Stock Tranda

Research Dept. PERENNIAL' TRADING CORP. 610-018, Weinbyrgh House

Hong Ko

Also there is the point that if Dritain joins the Common Market many firms will have to look to their competitive power.

Labour will be in the same boat. Until we get ourselves reorganised it could easily be a

matter of steady jobs becoming

loro important than claims for more pay.

So Mr Cousin' bark could yet prove worse than is bite. And too milch enuilon towards the stock market too costly-- London Exprean Service.

Exchange rates

Motors were unsettled by a Ford forecast of a 15 per cent dip in car sales after the July

and

squeezo.

credit

Britta Potrolium's statement and lower not income inlerin despite higher sales turned oils downwards.

Government listless but held steady. Grecks bunds were

zained fractiury ነዚ foreig bantis,-UPI.

Closing prices

Bruin Government Bacurfilaa 24, Coorolidated-£30 alj, Conversion=-281-15/16, 3. Savings 1995/00-54-11/10. 35. Savink 1900/75AL, 36. Saylugs__1065/75—£6724,

12, War Loop-403!5.

vegiras Bond

0%, German (Dilwer)-RDI 5. Jopanem. Axientoe—-£ 14934, Tanks & Insurance Barclay Ord–71a_df. Chartered 3-3 Gunedion Assurance-528. Hongkong Bank-£175, Landet runt---43%. Lloyds Tinni-bar 6d. Lombard Banking Ord.-4 IS. Prudential, Angur. “A”—223-1/16. Toys Bank of Canada-277). Royal Inniranco Ord-152 d.

un

British Petroleumi-44 34 Maxican Enalo Ort-ün Eyrt. Shell Transport Ord-112s K. Royal Dutch-1. Ultramar Company-15 16.

Sterle Engineering Habeeck Wilcox Ord-250 2d, Colvilles Ord-634 34. DERMA!!,

Quest, Ke-2.

Farland & Wolf Ord-170 R1, Gleware & Lloyda Ord-428 7łąd, Stemets & Bana Orúten 100, Tube svestments-828, 91. United Binel-428 101%d. Vickers, Ordade 10.

Blestric

Assoc. Life. Assoc, Television "A" ".

Ord-30 Tingham Bout-30 135d. Brit. Electronie Indian

16540. Dr. Callender

Plan. Ar Mun. Industries 30. English Elastele Ord-200 80, General Electrio Ord-20s, Philips Lamp Works--ED-20/32. Rediffusion Ord-40 d.

Industriais

Assoe Poeliand Cement--724 10%. Boardman Merden Ord-in cu,

Dunlop Rubber Ord-201.

Bunk

Unofficial

was done in in Inest exchange machet this morning at the folkwing rates:-

1.8. Saltar (per 1

0.701

sterling noter iper 41 Aureilan notes (per £1)

18.57

12.56

Japaneno yen (per 100). Canbola riel (per 100).............

1.49

9.50

Borax (listing)ovide sch

Francit new frane iper 1) ...

1.12

Indahoma supiali (per 100) Branifzeiro (per 1001 Arganūņa paso, (per Too). Korean Awan (per 1,000) ZENLEME ITU (per 1,000)

2.70

Fiona Ord—3/a 34.

1,00

Internationai Computer-50,

alimin (oldinge) Ord- 41.

3.30

8.00

Turner & Newall Ord.03 $50. Unilever

Ord-04 Oct.

Glamirate

1.51

Ord-Gla Od.

Молан

(131),

Farwin shop (per Pini Engis, (per 100)... Burmané kant (per 10) Pakistan PH (per 161 Repacs (per 1). Norwegian krone (per 100) Mulitppine prno, (fe 1) Ringke traile

(per 11

wx per la p

Haberlanda gülkler (per 1)

Woot Curizers Dekick (par 1)

Citran peso (ptr 11

Imperial Ch Ord—171 1998.

Ulhamas & Television

Annov. Brit. Pictures--40 Bank Organisation Ord~44 v.

Correrum "B" Ordis 3d. Gallaher Ord

Imperial Tobacco Ord-GU 3d,

Moloze Ziritish Matur Ord-134. Hawker Siddeley, Ord-30. Jaguar Cars

Itetis-Hayes Only 754.

3d.

Westland Aircraf→→189.

Taxikes Bradford Dyern --Ide. Caleo Printers On-13 Coula (JP; Paton & Baldwine 43 Courtaulda Ord-32.0ct. Fine Spleners Ord-2 dd. Lancashire Cotton Ord-de 731

Breweries Dixtile Co. Ord-36 20. Guinness (Arthur) Ord-3s. Ind Coope Gr15. Fitch Lovell Ord-11. Great Univerant Ord-54. Great Universal "A"

Ord-138

House of Fraser Ort-37 94. Lyons "A" Ord-078 45d. Marks & Spencer "A" Ord100 7.

Tate & Lyle Ord-47 460. United Drapery Or428 Gd. Woolworth (F.W.) Ord,-820 10.

Miscellaneou Baymaker Ord-15s 15d. Brit. Conimonweal Ship. Ord-30s 704.

Canadian Pacific Ord-433a. City of London Neal Prop.-73s Cunard Steamship Ord-1 7150. Forestni Land & Timber-120 41. Furness Withy Ord-35% 101.6. Hongkong & China Gas-231. Indo-China Def. Ord-20 Land Securities Ord-294.

101.

F. & O. Steam Nav. Det pd. Minus American Corp. 8A20

Angio

Bancroft Mines Ordita 15. Brit, South Africa Co.30 6 Brian Tin investment-17 dd. Canpolidated Zine Ord-80s 1974. De Beers Def—1336 11yat, London Tin Corp-19% 3d. Moura-dde DF,

Petaling Tin-10# 2. Itand Selection-27 0. Rhodesian Anglo-Amer,

itio

Ord-57a

depan Belection Trust-be 71.

(Beareri Roan Antelope Copper-du 13. Selection

__Mine=GİN.

Union Corporalin-47 Tibel.

Gold Mining-12 0. Werk Fund. Investhient Trusi-436 Want

154.

Hokjing-11 01.

Wa Malayan T-344 30.

Rubber & Ta

Angla Tationesien Plantets 18. Ceylon Tea Ord-10 Bd. Imperial You Ord-10. Kuala Lumpur-Kepang-a tjáð. Lanillak Rubber-471 dd.

-Router,

Agreed merchant

rates

Crown Zeljarbach

Alka Distillers-Bregzona Dougies Alteran Dow Chenderi

Semon & Hudson Co.

Dupons de Nemour Enter Air Line Entra Kodak... El Par Natural gas Family Finance Corp.

Ferrn Com, ...

Firestone Tyre & fubier First Nat. City Bunk

Firm Nat, Cily Dank

Voni Motor....

| Galineau Fewer

General Dynasales General Electric General Foods General Motors Gou. Pub. Ut. Gen. Tel. Elec. Gen. Tyre & Rubber detty O... Caden C F Co.

Goodrich Goodyear Tyre

Great Northern Railway

Hamar Organ Heyden Newport Corp. Hiram Walker ........ Homestake Mining Co. Husman Refrig Idaho Power Imperial all

| Imperial Tobacco

Insoll-Rand Island Steel Co. Interchemical Corp. Int'l Business Machines Int} Horventer .... International Nickol Internasjonal Paper Int Tel & Tel Jahres-Maaveille Co.

Kaler Inhustries

Кетросон Copper

Kunberly Clark

Liggett Myers Tub. Co. Laly fullp

Iltan Ind.

Loblaw Croceterias

Lockherd Aircraft

Loews Incorp.

Lone Star Cement Co. Lorillard P

Lowenstein & Bona.

Mellermo 4. Bay MeDonnoil Atrerait

Merck Minnesota

Minion Dent Molton

Brewery

Chemical Co.

Man Ward

Motorets Inc. National Dimerust Co. National Cash. Reg. "A" National Dairy Prod. National Lend National Swel-Corp. New York Central Noranda Mines Ltd. Norfolk & Western Hy. North Amer. Aviation Northwest Atrlines (Com) Oklahoma Nat. Gox Olin Matheson Olts Elevators.....

Paper Ch.

Preino C 200.....

Paramount Picture

American Airways

HARKO DAVİS Co.

Bait Co. Philip Mor Pundy Lowes

Swiss France Maximum Bell-Benny Cu. Inert Gorman Deutschemarks: Proceramble Ca

70-8/13

Termning Mate Glam Portland den. Kiệc. Posen. Flee Publickar fikfiletries Pistoian I'ure

Maximum Selling, 69-5/0.

UNIT TRUSTS

A

First Hongkong Fun:

$1.14

(buyer) $1.22 (acilor)

Republic Bleui

Bound Hongkong Fund:

19

Región Metal

jogrólie Tabween

Keturkamed," Kab. 054-444 44.

«Įosts '(buyer) $5 'cinta '(avilar)

Hoyal Bank of Canada ...

7.04

Hit Theklan-de-nd.

Raper

Howater Paper Ürü–408.

De La Bio, "Updìäte #

Bulzern Orduda.

Letporatin

B4034

Sterlin Dria Co Stokely-Van Camp Stone & Webster

Studebaker-Packard Corp. Sunesine Mbung Swift & Co. Texas Co

Textron Inc.

Thiokol Chan Tide Water O

The Inc. ....

11 Time ne...... Tenders Plauter Travellers Ine.

301,Travelers ine.

Tri-Cant. Warranty Twentieth Century Fox F Laston

Union Colde

Col

Union Purine Railway United Aircraft

United Fruit

United Gas Corp.

1

По

105

U.S. Line Co.

831.5. Rubber

To

US Smelting

4/

U.S. Steel...

181

1916

Tove

40

0412

10

40%

Warner Bros,

Wealinghouse Air Brake Wariingiaure Electric Western Union Tel. Lu. West Va. Pulp & Paper Winn-Dixie Stores Woolworth: 18. W.; Zenith Radio

HONGKONG

STOCK EXCHANGE

by

Our Own Correspondent

Business done on the Hong- 10214 kong Stock Exchange this morning. amounted to appro- 391ximately $2,700,000, Noon 43% quotations and the morning's

Transactions:

Shares

102

20

500

441

41

11K Bank..

Buyers Sellers

Baier

158

40 358

1380

30 g 308

Lot, Net. 240

AVET

TAK Ba

Lumbard..

40

Iity. 辦

1014. & F.K.

Whirl Wheeluca.

כו

ŽU NESZENTES

Tikh

T

190

11 1160 4500 44 11.70

11S 145

94

7113

AAL!

Wheelock

(New)

2000 2000

11.30 11.40 1000 11.30

1000 11.50

1000 1140

4500 @ 11.50

1170 11.30

HKK Dock

115

110 200 4 117

2000 714

1

Talkoo Dock

ci

Provident.. 20.40

K

700 127

200 110

200 of 42

1400

1

2000412

30 1000 30

1000 29.00.

HK Hotel.. 30 30 2000 30

1315 BX Lond

XD

1000 or 30

Hi Realty

XD

04 6411

8.30 2.435

100 @ 093%

3000 42.325

11K Tram

Ко

KMB

Yaumati

Oh. Light..

FIK THRE

хо

Telephon

folut....

113

324

GOD 3815

200 @ TEX

20072

3420 60 72 3000 #73

1300 on 731k

30 0534

114

200 38% DOQ en 30 2000

30% 30% 1000

41 4155

(Night)

JIK Gas

16.00 10.00

0.20 10.40

100%

Gliman...

4.30 435

1000

Jardines ... 21.40 23.00

G.1. Cement Gats

Dairy

Fatm 20 3615

03

34

WALLA

410

Tellie

Kanyang

98T

дя

412

Local

2341

It f

40

0.00

11% 11.90

#G.

A. Hubber.

R. Trum..

L Craw... 0814 181% 100000%

P. de P. 1940 29.10 Jelity

12 Ada Nav

City ofula

Macao Kire,

Kelantan.

RK Miner

29.70

21.30 22.09 1.35.00

100

E