1961-10-06 — Page 2

Bank rate cut pushes up

THE CHINA ́ ́MAIL, FRIDAY, OCTOBER 6, 1961,

WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE

London stocks PRICES

London, Oct. 5.

But

Stockbrokers cheered the neon announcement of a por cent bank rate cut and the news gave the market a broad advance with giltedgod in the lead. there was no price runaway and trading volume stay. ed light.

Prices had rice. rmer, the dealers pushed up prices but there was no rush to buy. i

bonds muule Government

CL

trong advance in front of thei barik rate news and then ran In profit-taking, but the bonis erled around half a point better on the day.

Amoak

industrials gains of 17 or more were conatibompiace bine clips goined. and us! Practically all groups responderl fo the aws

Dollar stocks mainly improved, Chrysler being the standout, 211⁄2

higher.

Gertans shadeel in benda---UPL

+

foreign

Closing prices

British Goverment Securities

Commofiintell -387

3. Savin

baris 1990 A

$322-374

77-1/16 Savings 4985/75 1085..

3 War Lisan- EA

Overseas Bozelk

Hanks & Susure

Hanteles et

<trert

Hardian Accutane Tap, Bad,

Camel pat

1.

Barist Bls 34

. Banking Chart - 13% [+]

Pentesiliul As "A" --1/16.

Hoyal Fink of Canada

Royal Lasurance

$5ritish Petroleum 44

Tab 11 254 9

Shell Tonneart Ded 117% G

Dutch 24-11 1

Wirel

27 1

Babek & Wileas Brd 2

2-$1

Dar

Guest. Keen 4-14 Harland & Walt Qnd--las and. Metal Box-32 1874 Steel Co of Wote 354.

Stewarts be hayata Ogd~» D! Sunners & Sois Grey S. Tube Investments 5 Walted St

ViPRETA

jecari

J##

Assoc. Elec. Industries

Assoc. Television "A" Dr-30 d.

Ind

1921.

g Sound-38

Ret Flectroeder Ord-s 1 Elee. Mus. Inchiries- English Electric Ort-2 3d General Electric Ord-25% 94.

Lap Works-£10, Redliti Ord 10

Industrials

Asso. Purtland Cement - 4 Haarde Murder Ord-1s 25. Borax lalding)--15 Deer Revistes Ori Dunlop

Card 2 the.

sons - Gilmar Holdings) Ord.-4. International Computers-004 Del. Torker & Newail Ords 1. Unilever Ord-14 d.

Wiggins Tape Ord-565 1.

Chemicals

Gid.

Imperial endel Ord-- Mouanto Chemicals Ord-13 3d, Cinema & Television Anug, Brit. Pletireen478 7d, Runk Organisations Gru-351. Stoll Theatrende 40.

Howater Paper Ord-ts. eta e Ord-813. Hem ABert

Ord---448 Bul.

Spleet Ont--41 0.

Tubartus

Belliner. Tol, Ord--62 111⁄2d.

790.

Carrerak "" war ord-07 Cl

Imperial Tobacco

Motora

British Motos Ord-13 79d. Hawker Siddeley Ord-20s 7d.

Cur 121 3d. Bosee Ord-425 44. Westlund Alreraft-17, 7.

Textes Bradford Dyers-13 7. Catie Printers Ord-12# 3d

“Puttri & Hakiw15-- Coals (OPT "Courtaulda Oed—3is 2d.

Fue Spinners Dril-231 8,

mshire Cotton Ord-10 14.

1stlers Ch. Games Arthur Ond-82 Oct; In Cape Ord-13.

43%

13492 1015.15.

Storey

Greal Universal Ort-32. Canal Ungeres "A" Orits 3

1 of Fruser Ord--a

ad

Lyuns 155 “A” (her)=-689.

Marks & Sprarer A

C3215

Birt

Ors),-

Pate & Lyle 1306-438 301. United Briety Ori--#is Ud. Walworth FW) rc--52% 1. Mber|larraun Chogemonweal Ship. Bril Canadian Pettie Orth-42d. City of

tent Pop-70% 1

d

30% 1

Canard Setship artis Forestol Land & Tuber-

SUS China Gun-239

Withy Ord-3 d.

Hudson Hay Co-44-3/10. Indo-China Def. Ord- Fats Securities Ord--20x hd. Stepin Nov. Det.-37

Angko

Mines

IIK Bank

Lombard Wheelock HK Wharf

Talkoo Dock

HK Docks

Provident

HK Hotels

IIK Lands

HK Realty

HK Trans

The share

EASE AT CLOSE

A reverse in normal trend

-#

+500

* Bonus

$1

Yield (%)

market at

a glance ⭑

Sept. 7.

Sept. 14

Sept. 21

Sept. 25

Oct. 5

Up or Down

Dividend

340

358

334

346

340

$80

3.5

451

450

4in

407h

Фл

+500

$2.35

11,40

31.50

11.20

1134

11.40

100

*760

0.7

362*

378

352s

3226

330

$18

3.6

107

117

107

113

314

+1

#4

3.5

04

04

GO

0214

81%

$1.20

20.00

30

ZP.30

28.80n

28.10

-700

$1.30

4.0

39

40

3814

39

391

1.8

65!4

G6

69x

€25%

G114

-I

$2.40

3.9

2.30xd-

2.35xd

2,10xd

2.20

2.20

Blondy

13.750

38

38

384

3714

88446

-

$2.05

3.8

230s xd

230 xd

230.

2305

2300

$10.50

4.3

Yaumatis

112

114

100

113

110xd

$9.50

8.4

Ch Light

30

30%

334

35

3494

-250

31.10

31

Electrics

3031

30xd

34

3614

35

-500

$1.70

IIK Telephone.

4116

42

3831

40

40

aleady

$1.75

4.4

G. 1. Cement

$830

59

ずれ

53

EM

--1

As

Nairy Farm

3014

3614

3314

3814

34%%%

-750

$2

5.2

47b

48x1

40%

440

4'10

+3

$2.50

6.3

Lane, Crawford

30

3854

3814

JD

3814

-750

$3

13.20n ex all 13,60s

13.30n

12.80@

12.30%

-30x

*11

8.1

10,20

0.55b

ቦሩ።

Bb

9

sleady

$1.25

13.0

22.30ex all 22.30

21.00

21

211

sleady

4.8

3.00

6.55

6.10

0.501

++400

11.70

72

1134 12

11,108

1132

11.30

+++100

23,30

23.80

69 23

67

70xd

$1.10 $2.80

0.2

4.2

23

2314

+500

800

3.4

Star Ferry

A. S. Watson

Int'l Investment Allied

K&FE INT

Textile Cora

Nanyang

Kowloon Matar Bus

Jardines

• When shares were Ave times their present value.

Exchange rates

Cd.

Humnes wan done in the

imarket exchange morning at the following rates:- US dollar (pese $1) ***** Sterling noten per £1. Asian notes per £1 Japanese yen per 100) Cambodia riel ther 100) 4drench new frame ther 11 Nazim cruzeiro (per 100) Argentine vera (per 100) Korean hawn her

toend

5.703

1.B

1.50

113

1.00

6.25

10

9.00

0.40

America Corp BA-122,

Brit. South Africa Co.-9. irius in Investment-140. Consulted Zine Ord-01. De eers Det-12 44.

ndon Tin Carp-10

Mount Isu-- fl

tattig in

Hand Selection-3s 1. thodeatan Anglo-Anar.

Stalon ra (per 1,000 Chinese JMP per 1 Talwan voer ther 10) Thai baht per 1001 Burmese

F

WALL

500

STREET MAKES

SWEEPING ADVANCE

ON HEAVY TRADING

New York, Oct. 5.

Stocks made a sweeping advance on heavy trading today, as blue chips

joined the upswing late in the session.

26.DU

Ord--53s,

[01 per 103 Pakistan ruper Maeno painea per I... Norwegian kreme per 100)

5.70

7.12 0941-1

1.68

Philippine pen (per 11

1.35

Swine trage

Singapore Struts

per 1)

1.00

1.31

Netherlands guilder iper

154

can

West Gremau D-Mark (per 1)

141

Cubin peso (per 1)

0.00

thoden Selection Trust-Na 3d Bhokan Chep-15 3d.

His Tino (Beurer-30 1. Houd Antelope Conger-1001 St. Helena Gold Mines-57, dd. Tronoh Mine-049.

Of a total 1.270 shares traded, 696 were higher and 365 lower.

American Exchange volume was 18,000 shares-

Only the cors were soft among | among the electronics. Wide- General Motors the major groups, as steels, spread selling recommendations Otty OR

Goodrich (..) Co. chemicals and all other sections accounted for roughly a three-cut Ou maived ahead.

point dip in Texas Instruments. Homestake Mining Co.

Today's volume was 3,920,000 dress Machines Johns Manville, Sears Roebuck,

Int'l HarvestOS, Woolworth, U.S. Steels, Amert- shares.

Internationof Nickel and Eastman Tobacco

International Paper Int'l Tel & Tel Kolak were among the point

Jotina-Marvilla Co sized gainers within the Dow-

Kaiser Industries Jones averages; Du Pont was eight points ahead at its best.

of a Aveo up 2% on news

contract $65 million

in a sharply improved defence sector. IBM added around eight and Zenith, Litton. Beckmon, Perkin-Elmer and Motorola,

Electric at least 1 Emerson -Heuter.

Ested Corporation-45% 19tyd. Welkom Ghia Mining-136 J. Wext and fivestment Trust-53s

Western Hablogs-115%. Southern Malayan Tin-318 30.

Ruhhết & Tras

Anglo Indonesian Pintis Rd. Ceylon Tea Ord-2x Imperial Ten Ord-171.

Kunda lumpur-Wepnong-3 04 Tabak Ruter-- dá.

UNIT TRUSTS

First

Hongkong Fund, ex

| dividend; $1.00 (buyer) $1.10

(seller).

Second Hongkong Fund: 07

i cents (layer) 93 cents (seller).

THE UNION OF

SOUTH AFRICA

(5)

EXPORTS

TO THE VALUE OF £700,000,000 U.S. $2,000,000,000

M $6,000,000,000 H.K. $11,000,000,000

.YEARLY!

And is An Excellant Supplier Of Your Requirements Including —

METAL INDUSTRIES

Steel, Iron & Pig Iron Mining Machinery

Rock Drills & Tipped Tools Agricoltural Machinery &

Implements Industrial Machinery &

Spares

Motor Spares & Accesorios Pipes, Tubing & Fittings Tops, Cocks & Valves Cast Iron Pipes & Cover Bronte. Bearing Metals &

Solders

Bollers & Condensers Wire & Wire Ropes Bolts, Nuts & Fasteners ELECTRICAL INDUSTRIES

Batteries

Matori, Generators &

Switchgoar Cable & Condult Transformers & Insulators CLOTHING & TEXTILES

Ready Made Clothing Fashion Wear

Fectwear of all kinds Blankets & Rugs

Worstads

Wool. Raw, Scoured & Tops

PACKAGING INDUSTRY

Paper Bags & Paper Sachs Cartons

Moulded Contolnars Egg Trays

AND MANY OTHERS!

Bonds volume amounted to $7,500,000-UPI.

Closing prices

Alden Ine. ACU. Allied Chemicals Allu. Chialmers American Airline American Melal American Smelting American Tel & Tei

Kennecott Copper Lition Ind.... Lockheed Aircraft

$57% Sungomery Ward

3027%

of trading

Stock

There was a reverse in the normal trend of

the trading on

Hongkong Exchange this week: the market started off favourably but cased at the close.

a result there were more minus signs than plus signs on the China Mail list this week compared with the previous week.

Price changes, however, were strongest with turnover apprux- small,

imately $3,850,000.00, The turnover for the week Monday: Trading commenced under review (Friday to YEH on a sciective note with Docks terday) amounted to about dominating the scene for the $13,000,000 compared with aboutirst hour. A lively atmosphere $11,050,000 for the previous 4-provallest and the recent beiter day week.

trend continued with a back- Reviewing business for the ground of strength. Interest month of September, an official spread over the whole market report states:

with some exceptions, the load- The general depressing, tongers being tendect in some volume. persisted throughout the first

Asin Navigation Jumped to $2.20 three weeks of the month ru with the new Rights quoted at Reved only by an occasional

Molor Bus 10 cents, Kowloon Teslatance to lower prices. Suel

gained $2 on the day while resistance however lacked

the Telephone Rights rose to $16.10, power to stem the tide, and the fellowing a rise in the "Old"

any

shares.

reappearance of sellers on sign of a rise checked the ten- dency 10 recovery which appeared due.

Turnover was $3,500,000.00.

approximately

Tuesday: The atmosphero re-

pre- mained bright

although trad-

"However in the last week; a different atmosphere was sent, and after A short perioding was fairly light

steady Price changes were at of consolidation

rcallsed

were

today.

small but

steady

prices, invealors

the generally upward where nolice- presence of bargains und prices ablu. Asia Navigation' continued bidding to attract and advanced farther rose with some brisk

clear upward wille Kowloon Bus opened at establishing a

done trend which held a well de- $72 and served promise for those True around this price. The under- investors who had not allowed tone was strong at the close themselves to be panicked into with

approximately the sell at any price' mood.

Wednesday: Trading was at a "Volume

WRE

turnover

52,080,000.00.

considerably higher than last month, and a quieter tempo in this half day's fraction- fact which is even more sign-trading with prices

corres ally, easier

Interest generally, fcant, well above the ponding month last year, when was fairly well spread, and the

close was firm,

Turnover WIS

the 'Winter boom' started,"

that The report shows business done in September was $1,020,000.00,

tainl the $72,024,002, bringing

since January this year to Jone Business $1,137,091,382.

approximately

Thursday: Quiet conditions prevalled on the Block Exchange Throughout the day, inclined to finished on an Ro softer and ensy wwe. The turnover for the

year whole of last amounted 10 $875,775,613.

138

Loews Incorp,

Lone Star Cement Co. Minnesota Mining

291)

Mission Development

378

21

21

41 National Cash Reg. "A"

National Lead ....

100

New York Central

7

for the

QUA Elevators

609%

Pacific Gas & Elec....

11913

American Tob....

101

Pan American Airways Paramcunt Pictures...

1892

6035

Atlas Cons. Mining

Pillsburgh Pinto Glass

07

Baldwin Luna-lem

1541

Radio Corporation

Baltimore & Ohio

221

Republle Steel

Bendix Aviation Corp.

643%

Reynolds Metal

Boeing Airplane

Reynolds Tobacco

Cana, Brewers

404

Shell On Co.

Canadian Pacifle R

Binclair Oll

Care (1, 1) CO

7

Bocony Mobil Ou

Chrysler Motors

45%

Southern Hallway (Com.)

69

80

Bquare D

15

Coca Cola

Commercial Credit Consolidated Edison Crane Co....

Sugar

Cuban Amer, Suza Eastern Air Line Ford Motor.... General Electria

Standard Brands

Standard Oll of Cal.

Sterling Drug Co.

Stokely-Van Camp,

Bludebaker-Packard Corp.

1979, Union Carbide

Market diary day was approximately $1,830,-

Friday: The monti ended 1000.00.

encouraging today on the most

3755 noto of the whole month, Banks 1409 3031

子

were stoody aftor their recent 304dvance while the whole mur-

ket reacted favourably to brisk demand. Local Property

*

Printing Co. gained $1 on buy-

Ing pressure, Docks and Wheel- vcks both improved wolle Lights, Electrics, and Telephones were sought after at beller prices. The market closed ut ita

International Financial Advisory Service

Specialists in both European & American Securities

What stocks are you holding?

Oil, Gas, Mining, Industrials?

Is your investment equity protected?

SUBSCRIBE TO OUR MARKET LETTER

1.F.A.S. is making a special offer to investors who desire to protect and preserve their investments. New subscribers will receive advance market information, timely forecasts, weekly and fortnightly reports, reports on personal holdings,

Well-timed stock buying recommendations for immediata large market profits.

Regular subscription rates are H.K.$300.00 annually. Trial subscription, H.K.$10.00 (for new subscribers only),

The aim of I.F.A.S. is to help the Investor protect and preserve his Investments through advarico market information..

Financial advico costing nothing is worth only what

you pay for it.

Mall your trial subscription to the Market Letter at once in order to benefit immediately from our timely stock market recommendations.

I.F.A.S.

International Financial Advisory Service

HONGKONG

STOCK EXCHANGE

Our Own Correspondent

Business done on the Hona- kong

tbla $look Exchange

nmounted 10 ap- proximately $1,400,000.

moming

Noor

quotations and the morning's

transactions;

Share

Buyers Sellers

ik Bank..

FIFC Flank

Lod. Reg.

HK & FE v.

Wharf Co. Wheelick

340 13B

20 ct 340

30 138

1340

RED 200

18204

21

Ft.

5.10

30 7-5

330

11 Motel..

HK Land

11 $1.00 300 1,00 2000 11,60 170001115

11.20 11.30 10500 s 11.20

110 500 115

200 135

(Old)

(New)

HK Dzek

Talkoo

004

M

Provident. 37.00 08.40

500 a 20

B1%

400

320 W12

Loral

"P. & P...

20.00

TK Tram..

352

473 304

K. M. Bus

X.0.

5915

70

42 6214

100 70

Vaumati

HK Tealty. 2.176

401

Ch. Light: 345 13 000 € 3114

1000

1000 **

1000

Electric Telephone

10 3012

"

(Old)

30% 40

FROM

SOUTH AFRICA

C.M. 010.01.

(s) ...216 14.70 2364

200

IIC Gas ... 19.00 19.70 1000 19 19.00 600 12.70 2300 à 10.0

CUT OUT THIS COUPON AND SEND TO

The Sexier Trade Commissioners for the Union of South Africa in East Aale.

1xt Floor, KPM Building, Robluson Road, Singapore.

'Please send me the names and addressED

of South African Exporters, ofim

The name and address of my firm is as follows.

NAME

I.F.A.S.

52 Route d'Esch, '

Luxembourg.

Tel: 209-64 (3 lines) Postal Account: 142 03 Cables: IFAS

Bonkers: Calise d'Epargne do l'Elot, Luxembourg Reg. des Firmes B 5640

Service A

Date

Gentlemen,

Enclosed herein please find HK$10.00, being payment, in full for my trial subscrip- tion to your MARKET Letter for a period. of 90 days from above date

Name

Address

REGULAR ANNUAL SUBSCRIPTION

Cimen

Jardines

PAPE

-

3.076

24.20 2445

4

3000

700 8

1500

1500 23

020 6

onli

0.07 2600 A BIL

G, Cament 0011 Dairy

Texile....

Nanyang...

A. Rubber

It. Trust..

Aris Nav., 2012

.*.

ht.

600 -17,70

1000

Inti lov...

31.00

Bitrere

600 0

City Hote

At Land.

——ĮADDRESS),

RATE: HK$300,00

KLM. 4/10/41..

Humplit 2.00 $3.00

Ball...

Graw..

tope

Imperfish

11.90