1961-10-20 — Page 2

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WEEKLY REPORT ON THE

THE CHINA MAIL, FRIDAY, OCTOBER 20, 1961.

HONGKONG STOCK EXCHANGE

WIDESPREAD INCREASES

UK Bank Lombard

Wheelock HH Wharf

HK Hotels

NK Lands

BK Reafty

a glance ★

Dividend

Yield (%)

3.5

3.4

3.3

4.3

* The share market at

Up or

Nept. 21

324

Sept. 28 Oct. 5

340

Oct. 12

Oct. 19

Down

* Bonus

340

312

340

+24

$80*

4in

40150

4in

鲁菜

42n

-+-1

32.25

11.20

11.45

11.90

12.40

4000

780

◊

3528

392b

3:30

330

350

+20

$12

HK Docks

107

113

114

174

122

++8

Taikoo Docks

6216

GOT4

Provident

29,30

8.80

28.10

28.101

30%

+2.15

3814

391

394

415

93.20 $1.30 $3

7.3

4915xd

税

$114

6-li

0530

$2,40

3.7

2.10xd

2.20

2.15

2.375

+2216¢

13.75c

6.7

3716

3514b

37:4

$2,05

5.6

230%

230M

2304

7204

228.

-$10,50

4.6

109

113

110xd

109x0

$0.50

34342

341,

$1,10

3514

343.

374

31.70

4.5

$1.75

4.1

521

0.7

3516

6.6

46.

441 30

4711

47n

46b

$2.50

5.3

30%

384

+750

7.8

13.20n

0149

12.80%

12,309

12.18

12.201

+the

8.1

}

9,40

+40%

$1.25

23.3

21,00

RIN

20.8011

20,8011

steady

4.8

$145

0.10

0.50%

0.15)

6.50

+350

502

7.7

11.80%

111%

11.00

1138

射组

79xt

2312

683xd 23,00

12.20 72

+70c

$1.10

4344

32.80

3.0

2414

+90c

80с

3.3

HK Trams

Star Ferry

Yaumatis

Ch Light

Electrics

IK Telephone

G. 1. Cement

Dairy Farm

A. 8. Watson

Lane, Crawford

Int'l Investment

Ailled

HK FE Iny

Terille Corp

Kowloon Moler Bus

Jardines

Nanyang

3314

24 384

3312

• When shares were flue times their present value.

U.S. buys more

from Asia

were

$242.688,000

compared

with $231,480,000 h July, and 3262,700,000 in August 1080.

Imports from Individual !entialries in August compared

with July included.

From

Iratia. $18,000,0 Pakistan, against $2,000,000; Thailand. $3,100,000 $3,630,000; Federation of Malayn,

against $23.000,008; $2,500,000

Washington, Oct. 19. United States imports from the Asian area increased in August over July, but the gain was almost en- tirely due to larger pur- $13,600,000 agalust $15,900; chases from Japan.

Singapore-British Borneo, $2,- The Cominerce Department! 600,000 against $803,3000: Indon- anhouneed today that Imports; esia, $14,400,000 against $14,500,- frum Jupan In Augus wevel and; Philippines Republic. $31,- valued at $107,300,000 compared | with $92,600,000 in July. and | Hongkong, $11,500,000 against $10,000,000, and from Taiwan, $110,000,000 la Augus: 1060.

United States imports from $5,900,000 against $4,200,000.- all countries of Asia in August UPL

against $33,200,000;

MADE IN A MOMENT

SPECIALLY BLENDED FOR HONG KONG

EQUITIES MOVE AHEAD

IN LONDON

London, Oct. 19.

Market takes on shipping stocks wallowed in a deep trough today

brightest look in many months

while other equities sleamed ahead under bargain-hunting demand and the gilt-edged market showed still more gains.

nlocks

showed

Cunard slumped to 10 sling 7/10ths but undated bonds lings & pence on the Chairman's | stayed in the picture and were warning of heavy tosses this up to 4th Sterling better.

Plantation the abandon- year rather than iment of its Atlantic loer pru- ltle movement.-UPI. ject, while Peninsula and Orien- tal plummeted 3 shillings to new low of 33 stings 0 pence on the board's gloomy earnings foreenst

The Hongkong Stock Market scored wide- spread gains this week and when it closed yesterday it had the brightest upside with electrical equip

look for many months.

Hengkong Banks made a re- covery after mony lean weeks, rising $10 overnight to close t $346 yesterday.

Arnong the firmest stocks were the two Electricilias. Both quad good gains compared with the previous week,

Rosidos irmer prices, volume rose perceptibly.

Yesterday's volume *rese

about $7,000,000, the best in 0

Leading autos, steels down

WALL STREET WEAKENS AFTER UPWARD SURGE

New York, Oct. 19.

Late weakness in oils, aircrafts, motors, steels and scattered blue chips took the starch out of an initial upward surge on the stock mur- ket today.

alex

auished

Standard and Poor's 500 fent change. Volume Was stuck

with a moderately eclive and consider moderate gain, while Dew-Jones ably higher than yesterday with industrials showed little sign the tape late at the bell.

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ALSO AVAILABLE GROUND CAFE PURO

Leading autos and steels were down fractions to a point at the ricse, reflecting fears of another production halt at Ford and a strike at Chrysler. Among the recent oll favourites, Midwest felt more than 4 and TXL over

Boeing and North American reacted to unconfirmed reports of changes in the B-52 and B-70 bember programmes with losses of deeper than 2 points. Bendix slipped round 11⁄2 and other sircraft shed large fractions sympathy.

Zenith

full sharply in The closing minutes among the electronics, and IBM, Thompson Ramo und Motorula lost part of their big early gains. Late

selling sent General Tyre down as much as 4.

Utilities boomed from start to finish, paced by Pacifle Gas and Electric with around a 6 point gain ou plans for a 3-for-1 split and a dividend hike.

long time, bringing the total for the 4-day week under re- view (Monday was a holiday) to about $1,280,900, compared with about $9,030,000 for the previous 5-day week.

Among the rensons given for fire brighter market were:

The reduction of tension

in Berlin.

★ Improved

bank

arrangements,

credit

money ★ More

entering Hongkong from overseas.

Market diary

Buykų pashed steel

atveks

ments, breweries, texilles nud atores. Industrial teaders Imperial Chemical, Rolls-Ruyer. Dunlop, Unilever, Courtauld nad Ingunr all got their share of the shine although galos Were small.

Best gains a gili-edger went to dated Issues with some jump-

HONGKONG STOCK EXCHANGE

Our Own Correspondent

Friday: The close of Und week's trading on the Stock Exchange showed a reasonable merere in activity and steady prices, which appeared to con- solidate the prices established over the last few days. Buyers kong Stock Exchange this morn 15% continued to outnumber sellers

Cuban Amer. Sugar Ilawale Tucson Co.

BOT

Dad Nat'l

Distillers-Seskrama

......

Dow Chemical Dupont de Nemours

Eastern Air Line Eastraan Kodak,

El P Natural Ga Family Fanes Corp. Perro Corp......................... First Nat. City Bank Ford Motor...... General Dynamies General Electric General Fuods i Generai Motors Gen, Pub. Ut Gen. Tel. Elec. Gen. Tyre & Rubber Gelty Olf Glidden Cu

Goodyear Tyre

Great Northern Railway Gruziunan Aircraft

Gulf Of ....... Hammond Organ Jiam Walker Human Refrig. Idaho Power imperlat On1 Imperial Tobacco Ingeryall-tand

Intand Steel Co.

Intercheucal Cerp

Int'l Business Machines

Jatt Harvester

Internationat Nickel

Int'l Tel & Tel

Kaiser Industries

Kansas Power & LEN Kennecnit Copper Kimberly Clark

103

Liggell & Myers Tod, Co, Lily Tullp

on Ind.

Lockheed Aircraft

Ponewy Theory

Lone Star Cement Co. Lorillard P Lowenstein & Sona

Minnesota Missing

Alferien Development

Business done on the Hong-

which was an effective resisting amounted to approximately unce to any further fall, but $4,880,000. Neon quotations ond their pallence

inex-

the morning transactions were: 2201 | haustible and the rise which

seemed

21uch a situation should bring about still has not materialised, Turnover

was approximately

1001

48%

$2,970,000.00.

104 10435

Dividend & Bonus 25ments during the

Hotel 25 cents per

ever the

254 30.6.61.

4314

period

Tursday: Today

announce- week; City share, for 10.11.60 to

saw a long

29 awaited trexl of competitive buying and the market respond- td immediately. Gains were 374 marked up on a bread front in the highest volume of business

201

for a long lime, Banks however lood still and watched a brut market winery the

14% which were Packs,

Shares HK Bank..

Buyers Sellere

งง

Balon

354

20334

180 350

106354

220 or 352

210 or 532

UK Dank

Lon. Heg.

204

30 de 202

30294

Allied Inv.

HK & FE

lav. Wharf

1.45

9.35

20.40 120

100 350

(Old) 12,20 12.90

500 13

7000

4000 & 12,00

5000 17

Wheelock

100 200 1000 e 2,80 3000 * DIS

1000 13,80

12.40 121 2000 12.80

(New)....

HK Dock

321 123 300

leaders of Wheelocka Tele-

utility section.

phones made a good showing. Taikoo Dock 65 sage The market closed very strong

404

and the

3212

EZ!?

with a good turnover of B2ximately 4,000,000.00.

::p

Providen

HK Kate

HK Land

Local P. & P.

Wednesday: The pace of yez- Įterday's advance was held today in a market of activity such as 43 we have not seen for months. 1334 Docks led the advance being Gone repeatedly at $118. Whuel- 4015 ocks improved further and Realty

Telephones and both

attracted buyers at better prices. There was no sign of profli-takingg and the market 2% increased in tempo and prices Tight up to the bell. Turnover for the half day was approxi- Inatoly $4,000,000.00.

Trum,

Electrics

McDermott J. Hay Marek

4230

Monanity Chemical Co.

BIN

3415

Motomia Inc.

National Bleull Co.

001

National Cash Rev. "A"

National Datry Prod.

742

National Lead

R77

National Steel Corp.

Today's volume was 3,850,000 Montgomery Ward

shores

or a total 1,269 shares traded 400 were higher and 537 Juwer.

American exchange volume was 1,470,000 shares.

Bonds volume amounted $6,300,000.

New York Central

Noranda Mines Ltd.

Norfolk & Western Ry North Amer. Aviation

to Norliwest Airlines (Com.)

Oklahoma Not. Gu

Dow-Jones closing averages: 30 Industrial

Oils Elevators

Thursday: The recovery con- 2014 tinued ut an Increased terpa 11% today in spite of some profit- taking just befuro mid-day which caused some alight irre- 2016 | gulur movements. After lunch 3115 trading was almost trankic of congestion

91. 12015 40%

TAG

Owen-Illinois Glam

Oxford Paper Co

704.67

Pacific Gas & Eire.

MEL

20 Rails

150.07

Pan American Afeways

107%

15 Utilities

120.22

Paramount Pictures

571

L'atke Davis Co.

65 Stocks

243.09

Penny J. C. Ca.

40 bands

84.02

tip Morri

Comm. futures prices

index

Pitney Bowen e

148.00

Htsburgh Plate Glass Portland Gen. Elec.

Closing prices

Abitibi Pwr. & Paper

Alden Inc. Apy,

Algunia_Steel Corp.

Alle Cemlenis

Allied Mills inc.

All Chalmern

Am. Brake Shoe

Altiine

Ameable & Rautu Corp.

Am.

American Cyangınid Co

Ain. Home Prod.

Am. Mach, &

American Metal

American melting

dry

Am Sugor itaf.....

American Tei & Tel

American Tob

Ampex

Ansconda Copper Artaco Steel

Armour

Asbestos Corp.

Allas Cons. Min Baltimore & Ohio Bank of Montreal Dank of Nova Bentla

Beech Life Savein

a. C. Tel, Co.

Dell Telephone

Benguet Cona,

Haillehera Sivel

Dorden 17h0] Co.

Burroughs Add Machine

British Ainer. O

British Columbia Pwr. Calf, Packing Corp. Can.. of Canan. Cano. Brewein Canadian Pacific Cat. Tractor ....... Calanase Com.... CIT Financial Corp. Chase Manhat. Dank Chrysler Mators Cludit Peabody Coca Cola.***** Colgate-Premotive Commercial Crislit Corning Class Wurka Cunointed Edison Consolidated Paper Consumer Continental CAL.

Continental Oil of Del.

Ctreale Pet ...

Lane Co.

Crown Zellerbachi

Procter & Gamble Co.

Publicker Industries Pullman

Pure Ou

Radio Corporation

Radio Corp. Prof.

Haythren

3046

Republie Steel

434

Reynolds Metaf”

201

4514

Reyncids Tobacco

Hoyal Bank of Canada

2012

yat Dutch

1 Safeway Stores

42}

Saint reg. Paper

Schenley Inc.

Seult Paper

301

0722

Biegler Corp.

Sineal Oil,

312

1212

Bocony Mall Oil

100

Southern Natural Gna

South Puerto Rico Bugar

101

Southern Pacific Co.

2015

Square jo

4424

Standard

2012

Bandar O of Cal.

容

2922

FR 7114

שתלות

Bondad Ol of Ind

Standard On of NJ.

Sterling Drug Co.

7015 Finkely-Van Camp

0755 Blune & Webeler

Atudebaker-Tackerd Corp.

Bumahine Mining

Swt & Ox,

Texas Co

Textron Inc.

ન

Tico Water Oil

#casiers Pinance

Talokol Cavern.

20% Traveleys Inc.

ony Tri-Cont. Warrants

EX Twentieth Century Fox Fen

24%

On Carbide

34 Union Pacife, Taliwag"

tinited Aioraft

GAL BALLO UZEO United Fruit

U.S. Cyperm

761% 1.8. Hübber DUB D

40% 18.11. izael ja

7316 17.8. See: 1 PG. FF

Warner Brew,

$11 Waukesha Motors d

454 | Westlogfame Air Strike

9111 | Westinghouse Xiecirle

West Ya, Pip de Faper

451

Winn India' Alores

Woolworl (K. W

5416 Zenith stadionker

516%

1001

Dsi

times causing some

at the board and buyers orders

could not kop up with the

prices which were rising right up to the close, Interest WOR widely spread and all shares

with few exceptions

Tram

嗎

200 13: 700124 900123

6400

30.00 30%

2,325 2.375 26000

2.37

10000 or 2370

$ 2.35 37% 30% 3000 381

400 m 3014 000370 780 38 200377 200 34 100 315

KMB

73 73%

410 73 100 73

Youmati

C. Light ...

113 10

36%

HKC Eier...

37 37%

FOX Tel.

como la

TON

43 43%

Turnover was

approximately $7,000,000.00

for uitention.

53b 50%

which is

3.81%

best days.

· 2 036

2416

reminiscent of the

Steel consumers

holdings at recession level

200 @ 1311⁄2 21100 73

000 17 300137 170 374 500 37 1000 on 374

1500

300 1 37% 400 S 2003732

43% 100 43 1200 4311⁄2

(New) (RIS)

10.40

4500 F 43 2000 2 43!4 3500 4392 $344 17 4112 (310 2320 10.30 1200 * 20.40 7000 10.40

1400 * 1930

3000+ $0.30

40 1040

21 10.20

500 or 10.40

300 (21

IK GAR

Aman

... 21.10 21.20

132 17 1020 |

1107 18.20

200 18 30

4500 21.37 1600

2037 21.20 200 @ 21.10 2002130 1000 kr 21.10 2400 21.29

20 21.10

- 300 m 21.23

4.30

4.35 4000 €370

24!% 24,70

0000 54,40

2000 sr 4378

3000 $ 4,30 FOOD IN 24.10 BO 24.1

New York, Oct. 19. Inventory policies of steel users are holding back the expected autumn rísa in stool-making, Iron Age ro- ports. Stoel consumers arc holding loss than 12 Jardines million tons of steel, o ro. crision level and about

Cement ....

02 DO Dairy Farin four million tons lost than X.D....... 3391 301% 1500 d 30 stock of the start of 1959.

* 41 0.40 $45 5000 6.45

12 13.40 Although a very mild rise in Am fubber stocks

during Rub. expected

0.54 5.00 0000 0.00 Trust

7.50 2000 1 75K! November and December fittin

1000 7.30 2000 4 714

real accumulation or building of steel stocks is in sight this

be year, Iron Age anys.

The failure of consumers 19 build stocks to lovets that used to be considered normal will wipo: soveral million tons of Ateo! from 1001

Walkou Textile Nanyang

City Hotel

Humphreyk Jano, Craw, Int'l v... In Mine Motel Induni Biar Farry. protucijan. AMR Nav.. This threatens the industry's output farget of 100 milion tonk this year. China Special.

Ah, des... JN. LANO Entertainmeni

Construction

Mallancere

125 12.00

គឺ៖ ស៊ុន ខ

0440 M 24,70

30001

Closing prices

Brachi Government_Beeuzliler 2496 Consolidated-pi 3 Converton

Savinge 1933/05/10. 2. Saving 1900/75-

Savings_19£5/76— £701, War Loan-4-1/18, Overans Burda

A. German (Dnwen)—C$3.

Japanese. / AResttech13114.

Banks & Insurance Barcinys Ord-19. Brit. Merchants inaurla ad, Chartered Dusk 47 td. Guardian Assurance-8 Od. Hongkong Batik--£17. Londel Trust das Vil. Lloyds Bank-03 0. Lombres Baking. Ord-13x 71d. Naitonal & Grindleys-31. Prudential Abrir, "A"-£21-15/30. Royal Bank of Canada-202 11oyal Insurance Ord.-42 450. British Polroleum-421

Bunnah Glla Od,

Mexican Engle Ord-uz

Shell Transport Ord-110 Royal Dutch-2UK.

22.

Ultramar Company-23 Alasi.

Steels Engineering

Malenek & Wilcox Ort 214 35. Colvilles Ord

Dorman, Long-27

33.

Guest, Keen Ord-30 3d. Hariant & Wolf Ord--17.

Metal Box-78m 746.

Steel Co. of

Wales -lis Od. Stewarts & loyds Ord Summers Sun Ordan 30.

Tate InvesTAIWAN 15.

United

Vickers Or-205

Diet,

Blectric Asoc. Rice, industries-20s Dd. Assoc. Television "A" Ord-30s 3d. Birmingham Sound 38, Brit. Electronie Ind-10 d. Brit, Ins. Callender Ord-sos 30. Elec. & Mur, Industries-37. Engish Electric Ord28a B General Electric Ord-2G 3, Philips

Hedifusion Works

107

Ord. d. Industrial

-ATA l

Assoc. Portland Card 10,

Boardman Marden

Borax Holding-15, Decca Records Ord-578 34. Dunlop Rubber Ord-25e sick.

Finans Ord-34 1.

Gilman (Holding) Orde 1d. International Computers-89 30. London Brick Or-201. Turner & Newall Ord-374 415th. Unilever Ord-3508 Od. Wiggins Teape Ord-335

Chemic-306 115d-

Imperial Chemical Monsanto Chemicals Ord-139.

Ciriems &

Assoc, Brit. Plentovissed.

Bank Organisation Ord-20s 415. Slo Theatres Od.

Paper

Bowater Paper Urd-442.

De Lue Ord-178 30.

Reed (Albert E) Ord42 8, Spleers Ord d

Tobaccos British-Amer. Tob. Ord-60s 46. Gathiher Ordes DC. Imperial Tolnece Ord-87a Ju.

Mutors Des Motor Ord-13m 1%.

tawker Siddeley Ord-2010,

Cars Ord-118, 150,

Jace Orch-195.

Westlund Abrerait-108.

Textiles

Bradford Dyers-11s 34. Calleu Printers' Ordi 10:5 Conta (JP Paton & Baldwins. Courtaulds Ord-3.

Fine Spinners Ord-22

Lancashire Cotton Ord-46 415.

Breweries

Distillers Co. Ord-30 Gunners (Arthur)

Stores

Ind Coope Ord-14. Crest Universal Drd-02. Great Universi* "A"

10d.

Hause of Fraser Ord-36k Lelbiga Extract 100.

14.

Ord-478

Lyms (3) "A" Ord-eshitd. Marks de Spencer "A" Ord1008. Tate & Lyle Ord-422 9ti. United Drapery Ord-40s. Woolwort

Ord-011.

Bowmaker Ord-14s 4dr Brit. Commonweal Bhip. Ord-3 7ed."

Canadian Pacific Ord-$4324 City of London Real Prop-721 €1

Cunard Steamship Ord-15 0. Forestal

de Tinibor 18 d.

Furg Gri-ala 2015.

Hongkong & Chinn Cos-1. Hudson Bay Co-415 Indo-China Def. Ord-201 Jul. Nickel of Canada-$14012. Land Securities Ord-27% 9. F. & O. Steanz Nuv. Det. Ga. Atines

Angio American Corp. BA-1311

30.

Ayer Hitam Tin Dredging-lo Sch Bancroft Mines Ord-30s 1010. Bri. South Africa Co-01. 3. British fin investment-10 Consolidated Gine Ord-Bü

Da Jders Def-130s 411⁄2d, Free State Geduld-Bis 7. London Tin Corp-2016. Mount Isa=-548. Pelling Tin- u. Penaldent Brand 45%. Fland Belection

du,

Rhodesian Anglo-Amer. Ori-12s. Rhodesian Holection

ithakana Carp,438 2, Rio Tinto Bearer)-Jas 4d. Roan Antelope Copper-51144. Union Corporations 1156. Welkom doit Mining-124 44, West Band Investment Trust od. "Western 1oldings-11de ad, Winkelhaak Gold Mines-1 Southern Malayan Tin-25%

Rebber & Te

%d. .

Anglo Indonesian Plant-48 135d. Ceylon Tea Ord-20 d. Imperial Tea Ord-70s GJ, Kuna mts 101d. Lambak

+Reuler.

Exchange rates

Buntem

mufflelal

was done 11 exchange market.

morning at the following raton:

200 3012

1000 or 10

UB tollars tear I

300 or 0%

COD r 18.30

1000

1200 (2.10

local

this

Sterling nales (per £1).... 19.01 Australian notes (per n ..

12.55

:140

1.12.

1.00

$30

....

Japanese yen (100) Cambodia Flet per 100) Froneli new. fratio (per 1)... Brazilian cruzeiro (per 106); Argentine peso (bar, 100) .... Korsan Nwan (De? 1,000) Italian Hire (per 1,600) Chen JMP" (per 3): Taiwan yuen (per 10) Thai baht (per 100)** Burth kyat (per 10). Fakinten rupee pee 10) Mocno patac toer 31 y Norwran Krons. (per (00) ..... Phillpeme pe (per 11 ye ngapore fittalls (per 13 1.4. Awim cruris per 1) ZEN. Netherlands Rulideze toes, i West German DaMark (pwe, 1 Cuban paso (per 1). 699.

1961-10-20 — Page 2

Comments

Private Research Note