THE CHINA MAIL,.
New York declines on slow trading
Now York, Feb, 10.
The stock market declined in slow trading today.
Anaconda Copper
Armico Steel
Armour Allas Coni, Mining Baltimore & Chil
The market 'was slightly; American Tel & Tel... higher and active at the open-American Tob ticker tape late, ing with the
Tuesday's following
gout goins. It it turned tower in the first bour, was down rather sharply in the third and fourth hour, but recovered In the Anal bour.
Bank of Montreal
ank of Nova Scotia
ytel
nothlesso Co. T
Most losses ranged from few cunts to arcund two dol- Buroughs Add Machine
but there were Jars a chore,
Barden
Britai
bigger loves among the higher Brittan wr.
priced
issuca,
Stres, rubbers
menta
utilities,
more speculative
motors. petroleums, elecrical cavis- and declined:
Calif. Packing Corp. Cana. k, of Comm. Campbell Snip Cr Chaadlon Pacife R. Cat, Tractor
*Motor Corp,
Tobacco, G. L. Torp,
ពាក
Klocks closed
airlin and
order-retail
mixel.
Chryster
Of 1,188 issues traded. 531 femenercial Eason
docined, 414 advanced, and 243 wers unchanged.
Standard and Poor's 500 stock 30 cents at 55.40 inilex 105: dollars. It gained 62 cents Tecaplay.
on
The Dow Jaces 30 industrials were down 3.09 at 623.36.
Continental Oil of Del. Cosmoa Imperie) Bil Crane Co.
Crown Zellerbach... Cuban Amer. Sugar Diamond Gard
i Disti Jers-Seugroms Dominion Blores Douging Alirezalt... Dupont de Nemours Eastern Air Line Eastman Kodak
31 McDonnel Aircraft
Mesabi Iron Corp.
100
30"
Minnesota Mining
1219
MISSION Development
303;
40
Monsanto Chemical Co. Montecati
Reynolda Metat
301
THURSDAY, FEBRUARY 11, 1060,
HONGKONG Anglo-Japanese
STOCK EXCHANGE
by
Our Own Correspondent
talks
may
improve trade
1
Glasgow, Feb. 10,
Business done at the Hong A greater exchange of goods should result from
kong Stock Exchange this morn- 1632 ing amounted to approximately
1916 $1,037,000. Noon quotations and
the morning's transactions:
scow
30 23:03594
HK Hotel 437 1203 455
current Anglo-Japanese trade talks and there
is scope for removal of restriction by both sides, the Glasgow Herald said today. ·
The Scottish Daily warned, however, "substantial increased In a wide range of low-cost cannot be Japanese Imports permitted.
rush of A sudden cheap bicycles, sewing machines, textiles, transistors and radios would hit Belain hard."
14 said the transition to freer trade will have to be gradual, 511- permitting only marginal creases this year. But the news-
'ngreed · obstacles paper
Imports might removed where in effect they
Brilish do not protect
to be
-
dustries, but those of foreign countries, it clied the ease of advantages which
Germun 14130 camera exportera now enjoy in 330 M.120
do not Britain because they 200 19 face Japanese competition.
19.10
for concessions In return 1C00 or 30.10
Britain would expect befor 240 24.20 soles to Japan, especially 24.00 26
1520 93.40 (N) 21.30 23.50
to increase 1002.40 Japan has decided 1000 2340 Its global quotas.
"More British Arms may soon 333 44 find it profitable to have A Tokyo, 100044
on the spot in 3004416 Osaka and Kobe," a cditorial 2000 44
Suid-UPL
Monomery Ward
4712
Motorola lie.
1839
leech Life Saver
34
National incult Co.
Dell Telephone .... Beneficial Finance
433
Nallunni Carli Beg. A
Nationa! Datry Piod
484 INSURANCES
Sated 'Aħares 'Kuyats BellsTS ANK 145 bank.
120 1910 10 / 123 281 Combard 445
National Lead
100
Undow
PL
Benguet Cons.
40
National Steel Corp.
024
42
New York Central
201
BHIPPING Wheelock. 0.03
30%
Noranda Mibeu Lid.
44
Nattulk Western Hy.
902
7020304 0.03 4030 Pr 0,63 2003 64.00
42
North Amer. Aviatiuit
W
DOCKS. ETC.
201
Northwest Alines (Com)
204
K. Whost
123
On Muthiram
Bugle .....
503%
Owen-Illinois Glass
ไฟ
Taiku
132
41
15
Oxford Paper Co
401
Provident 18.70 10.50
Pacific Car Elec.
13X14
1C007
$225 10.49
28
Pan American Airways
10%
30 18.80
Paramount Pictures
434
LAND, ETC.
Parko Dayly Co.
Cluett Peabody
Penny J. C. Co.
Colgate-Painsuve C.. Colombian Carbon, Co.
Credit
300
UK Land
Japanese
Philip Morris
L
2004
Pitney Bowes
20
4 455
Procter & Gamble Co.
34
Pinburg Plate Class
Tumpeya 22.00
2030 & 22.20
zety
Pubucker Industries
10
Realis
Pure Ou
Transm
1.623 3214
$2000 1.6
45
Radio Corporation
2000 / 33
ษ
01
Star Ferry.
130
400 140
Radio Corp. Pref.
Yeumatl
40%
Haytheon
1315 Republic Ster
C. Light
10 19.10
27
Hoyal Bank of Canada
45% Rheem hita.
41
Sears, Roebuck & Co.
*
Safeway Stores
UTILATIES
•Elecific
27
Saint fug. Paper
Ford Motor Co. of Cany. Pars Motor
Firestone Tire & Itubber Firet Nat. City Bank....
1244 Scott
8 Schenley Ing,
24 M
BEY
Sinclair Un
40
171
Smith, Kine & French
INDUSTRIALS
78
Socony Sub! O
Tel. 33%
442 443%
મ
Georgio Packe
40%
Solar Asterall
General Electric
Generat Dyngles
41
South Puerto Ric
80
Southern Co.
Thel
41
General Foods
1031
Southern Natural Cas
30%
STONES, ETC.
Geterni Molar
46
Sperry Stand
234
Dairy
Gen, Publ
Standard Brands
30
Watser
L. Craw
24.20 24% 241% 24.00 2033
2100
24.00 $4,60
500 201
Gen. Tire & Rubber
Glidden Ce.
$19
43%
Allled
0.20
Open
Clone Changes
Goodyear Tire
ROA
50 indus
€120.00
023.30 of 3.09
Grumman Attcraft
Int.
Invest
7 7.40
20 3
[51.31
130.77
off DAS
Gulf Oil
301
HK & FE
16 utits
58.13
60 00
up 0.12
Hammond Organ
Invest
144
ftram Walker
24
1732
Idaho Power
COTTONS Textiles
10.10 10.20
38
Swift & Co.
12
Texas Co.
41
Textron Inc.
782
Thicko) Chem.
Nanyang
36%
Tide Water Oil
AST
Time Ing....
0424
Traders Finance
2412
49
Tri-Cont. Wartanis
MISCELLANEOUS
10115 Teeth Century Fox Fim
Vibro
Waterbont.. 274
34 Union Carbide
RUBBER
13 Union Oil of Cal.
A. Rubber
401% Union Paride Railway
2. Trust
004L
United Aircraft
Liggett & Myer Tob. Co.
Sungala
BL
United Frut
524
United Gas Corp
01
US. Foll "p
50% Lockheed Aircraft
231
U.S. GypsuTTA
Loews Incorp.
U.S. Rubber
Lone Star Cement Co. Lowenstein & Bona,
2015
U.S. Steel
MeDermatt J. Ray
Volume declined to. 2,448,000 lowest since last stures, the
24 when 2,320,000 Desember
and hands, shtres changed
evenpared with 2,800,000 shares
traded yesterday (Tuesday).
Dow Jones averages were:
a sik
207.85
206.54
of 0.96
-AF.
Closing prices
Abitibi PT. & Paper Alden Inc, Ay.... Aldina Steel Corp. Allled Chernietis
Ailled Mills Ine.
Allis Chalmers
An. Brake Spor
American Airline ...
Am. Cable & Radio Corp.
American Cyanamid Co
A. Gas & Electric
Am. Home Prod.
Ain. Mach. & "dry.
American Metal... Am. Natural Goe American smelting Am. Sugar Htet.
Imperia! Oll
Imperial TobNCER ingernail-Rand taland Steel Co. Interchemical Corp. Int using Mackines
Int'l Tarvester
International Nickel
Int Tel & Tel
Kaiser Industries
Kansas C. Power & Light
Kennecott Capper
Liiton inst.
4%
Standard C) of Cat, Standard Off of insi. Standard Out N.J. 494 Steel Co. of Canada 23% Sterling Drug Co. Blokely-Van Camp
5612 Sime & Webster
Studebaker-Packard
4015 Sunshine Mining
44 INVESTMENTS
Standard Triumph
plan big
factory expansion
London, Feb. 10.
The Standard Triumph group has announced it is to invest over £11 million in expansion and re- equipment of factories.
Most of this
will be carried
.on
Negotiations had commenced out on Merseyside where 4,500 with Liverpool Corporation for
be employed by the purchase of 104 seres people will
Merseyside. The arst stage on the site would be the buliding
early 1063.
o a extension to the factory
The company Spid
It ulso hoped a substantial contribu- lon by grant or loan may be of a subsidiary---Hall Engineer.
made by the Government.
ing and the erection of a new factory on nearby sile. These would be for the manufacture
Introduced in the next. YORIS.
NOTICE TO CONSIGNEES bodies for new models to be
1.1. "CHANOTE"
Arrived 5th February, 1900
three
that The company said also
had been reached
Danaged cargo ex this vessel will agreement
he surveyed by M. Wood & with the. Board of Trade that
Browne at Kowloon Godown az
10.00 .. on Friday, 12th and satur expansion
day 13th February, 1960, and cons
sigteen representatives are requested
to be present during survey.
BUTTERFIELD & SWIRE, (R.K.) LTD, Apts,
Australian-Oriental Line, tta, The China Navigation Co., 1.14.
irr
the
Midlands
would be limited to £7 million
on administrative facilities and new plant. The expansion would
manufacturing Intreaso
cap-
acity to 300,000 units a year by 1903-China Mail Speeinl.
P.O
R.M.S. "CARTHAGE".
EMBARKATION NOTICE
For UNITED KINGDOM via SINGAPORE, PENANG, COLOMBO, 'BOMBAY, 'ADEN and PORT SAID. EMBARKATION: Passengers should embark between 2.80. and 4.00 pm. on 13th February; 1900,
Warner Bros.
Waukesha Metorn
Westinghouse Air Brake Westinghouse Electric
Western Union Tel. Co. Winn-Dixia Sloven Woolworth (K. W) Zenith Radio
[CITY LIGHTS!
* Reminds me of the Banks' profits there'a more below the surface
that nobody sees i'
London Express Servies.
Yesterday's Closing
་
200 6.20 2009.18 2000 or 1.40
00014
1000 μ
1000 f
10.10
7500 10.10
15.70 18.50 2000 15.00
2000 6 15.10 2000 15.00
4.435 4.520 3000 @ 4.525
0.30
6.70
3.80
Rubber
market steady
Singapore, Feb. 10, Despite lack of support from overseas: the market ruled steady throughout the morning with emphasis on February No. 1 Ras which regained its premium and traded at cent, over -March No. 1 Rss.
and
man
11.9
U.S. may cut
foreign
sugar quotas
፩¡ ÷ -- ▒
London
closes firm
on
HATIC
New canal may
revolutionise Europe's transport
Frankfurt, Feb. 10. EUROPEAN transportation is expected to be re- volutionised within the next decade by con- struction of a canal connecting the North Sea with the Black Sen.
Allow
10
to its
fect
London, Feb. 10. slock market today The
The 2,125-mile waterway i to Bamberg. is now under con- -presented a fairly cheer-
would
freighters and struction, following the courte ful appearance in spite of
The noxt travel Larges
frorn the of the Main river. the serious rall strike
mouth of the Rhine across the link will be a 102-mile canal situation, and the general heart of Durope to the mouth crossing the Fraenkische Alb mbuntains from Bamberg to hope was that the strike | of the Danube,
Kehlheim. would be averted. The
It would bring about direct overnight
The Bamberg-Kehlheim canal recovery
communication between ports will carry the waterway Wall Street helped senti- in the Netherlands, Belgium, highest elevation, From Bamberg ment to some extent. France, Switzerland, West Gerthips wil climb... 540 Buying was on a small seale
Yugoslavia, through a scries of eight locks but sellers were holding off Hungary, Czechoslovakia, Bul- Iman two ship-canal (kis.: From garia, Itumanlar and the Soviet this point, they will descend 227 Union,
fest through three locks and
While
engineers cne ship canal in to the level
of the Dambe... on plans to link the work
with Rhine and Main rivers
Eastern Europe has dreamed tho Danube, their colleagues of a link between the Danube Iron and Oder rivers since the 15th on the other side of the Curtain have a similar project
century. Serious planaing of their ow
started in 2051 se Russia and
Most sections of the industrial market showed useful gains and there were several features. Steel shares were generally firm and: a
number of engineering shares
improved. Woollen textiles were a good market and stores were firm with Wool- werths outstanding.
SHARP RISE
The feature of motors was a sharp rise in Dennis Brother to 255. 7d. on take-over talk.
Tobaccos failed to hold their earlier gaina, but brewery shares
advanced.
Gilt-edged securities lacked interest and drifted lower but developed a steadier tendency towards the close.
Oll shares moved erratically but closed on a flu note,
Rubbers were dull and tea shares irregular.
Washington, Feb. 10. The U.S. sugar industry has been told formally that President Eisenhower, plans to seek authority from
Congress to, cut foreign
quotas Bugar whenever he deems it in the national interest.
cald to The Prezident was be areking the authority to ob- tain greater flexibility in deal-
the ing with government of aiba...
"The propus would exempt any the Philippines from possible cuis, since her 900,000-rise tar-n-year quvia is fixed by treaty.
4
*Domestic sugar representa Lives were given a preview of the administration's sugar polley during a meeting with officials of State of the Departments and Agriculture.
Attending the meeting representatives of the US. bxect hainland
· Sugar association, care producers, supar associa tions from Puerto Rico and Hawali, and U.S. refiners,
Factories were quiet lowers were neglected.
February's premium reduced sharply to over March.
Lowers alinast were entirely when neglected.
WETL
The Administration informed them of the changes it will sock the Congress renews
act. The law, current sugar which expires on December 31, In
rubber controls the amount of super market
was dull with spot that can be sold on. the US. quoted at 334 pence per pound.
market and allocates shares of to domestic and In Amsterdam, the rubber the market
foreign suppliers-UPI. market was.quiet.-UPI.
London, the
COMMODITY PRICES
METALS
NEW YORK
Closing prices, all in cents
per lb.:
Lead
Mar.
May
Zinc
Mor
May
Copper
Bar
NEW ORLEANS
LONDON
Closing prices all in pence per
No. 1 spot
General markets, cit. basts, ports:
1 67 96156 NOVA B
T
LIVERPOOL
Closing prices all in pence
16.
fier Ib.
American Contract
March/April
24,00
-33-331/ Settlement trusse. term)
| Jan./March
May/June
22.00
Apri/June
321-322
July/Aug.
2120
July/Sept.
Oct/Nov.
21,40
Oct/Dec.
31-3112
Dec/Jan.
21.30
Jan_/Mat."
3074-3035
Mixed Contræet
Marel April
22.60
Feb Mar
927-33
11.40
May/June
1103
July/Aug.
22.40
Estale crepe thin Feb.
Oct/Nov.
11.50 12.00
Dec/Jum
thick Job. AMSTERDAM
33.55-69 30.50
per ib.
LONDON
Closing prices, all in sterling per long ton.:
May
July
Out.
Buyers Soliera
Tin
Mar
Spot 3-month Copper
Spot
May
750
700
July
mon
24714
Imad Ist hol
mob.
May
7214
Zitto il hall
Job. May
001%
-UPL
May
ני
COTTON
SAILS:
at 5.00 p.m. on 10th February, 1860,
BAGGAGE:
Should be sont to Hongkong &
Kowloon Wharf Company's Godown (No. 2 gate) by 5.00 p.m. on 12th per 16. of February, 1900.
March
MAY
July
Мог
SUBJECT TO ALTERATION
NEW YORK
է
Gold shares mot a fairly good demand from the leading con- tres and prices improved, ·
Copper shares were very firm in sympathy with Wall Street's
yesterday-cuter,
Closing prices
« Giledged Bonds British Transport, ide/ca- 206.
Console 34%-48~3/10 Chaversion
204-7/16
Loan
Funding Loan
3140
1980
many,
Austria,
Western
Help
The Soviet-sponsored Council her eastern European satellites for
emerged as an economic bloc. It Mutual Economic (COMECON) in eastern Europe is now necessary for ships from the Baltic to is working on a plan to connect Soviet ports on the Oder and Danube rivers to sail around Europe, through the straits of Gibraltar and across the Mediterranean to reach Balkan und Black Sea ports,
form a waterway between the Baltic Sen and the Black Sea, AMBITIOUS
Both projects are ambitious undertakings, and final costs will run into the equivalent of hundreds of millions of dollars,
COMECON has developed three possible routes for an Oder-Dinuba ennal, and con- struction is expected to begin of them some time on, one around 1970. Cost estimates a good range between $750 million and In western Europe, portion of the proposed water-$1 billion. Mont of the way is already navigable. Ships struction would le within up to 1,500 tons can ply the Czechosłöväklan territory, Rhine
ELS and. Mein
for as Schweinfurt, Germany, and can sail up the Danube to Regens- burg, also in Germany.
A 34-mile stretch of the
U.S. jet airliner
waterway beyond Schweinfurt breaks record
1000/Bid to approve
LIG-VIS.
Funding Stock 3. 1990/2004 27015/16
Funding Loans 4%, 1960/90—–231. Bavings 2 1990/65-R12-0/10. Savings SME Savings
Gd
Banke
Barclay'a Dank "A" Ltd ord-0)x
Chartered Bank-02 0. Itongking-C05.
SAS Alaska
route
con-
Miami, Feb. 10.
A four-engine Convair 880, touted as the fastest of the commercial...... jet.... alr finars, spanned the southern trans-Continental route today--in, as record time of three hours, 31 minutes and 54 seconds.
The four-million dollar air- in Alaska for Scandinavian craft, being delivered to Delta averaged 305 miles Airlines on its polar flights Air Lines,
Juneau, Alaska, Feb. 10.
OVERNOR William A. Egan said today he has requested Federal officals to Union Insurance Canton-26-13/10. approve stopover privileges
Insurance
Aircraft and Motors
British Motor Corp. Ordla (d.
Hawker Siddeley Group Cre
200iew LA "A"-106_04,
dard Triumph Internationes between Copenhagen and per hour on a 2,338-mile fight
32 150,
11 d.
Breweries Diaters Co-35% pa.
South Arron Breweries 309 34.
and Materials Associated Portland
cement—75,
Codines. Walt & Lend Ord-4 115...
Pinchin Johnson Associates Ord- 41 7:40.
Coal, Bleel and Engineering Babcock & Wilcox Li-450 7540. Unded Abelis,
Vickery Ltd 241 278.
-Food and Tobacco British American Tol, Co., Ltd- 119_04.
Imperial Tobacco Ch., Ltd-75:36.
MiscellaneoULS Boardman Marden Lud—_7110, Bellies Oxygen Jail. Onietta to,
Ins. Co. LO Dunlop Rubber Go-256,
Chine GAS Chemical-608-155d; Lyons & Co-IEN 1954 Unilever LG-13 0
Paper
Bowater Paper Corp Ord-73% 10.
Radio and Electrical Associated Electrical 63 Sd, Electrical & Musica) 40 €3, English Electric Co-isa 31. General Electrio- £20 £0.
Shipping Indo-China
Closing prices all in guilders - bam per kilogram, c.LL Feb. Closing - prices all to cents No. 1 rubber
47 ID
32.16
30.78
30,71
SAO PAULO
Closing prices all in cruzeiro
per kilo:
Avizado price in V., at 11. de- ignated spot market; 34.00 crela.
Total sales: 25,000 bales-UPI.
RUBBER
SINGAPORE
2
Closing prices, an in Strate
No.
No. 2 rubber rubber
No. 1 CreDe
3.20 buyers 3.10 buyarı 4.17 buyers 3.75 buyers
UPI.
470 10jed
Great
FOREIGN EXCHANCE
NEW YORK Closing rates
Canada England official
Australia
30-days
New Zealand
South Africa,
Others unchanged.
LONDON Closing rates
Closing prices all in cents cents per 1, fob. Malayan New York
33.55
porta: No 17eu.
32.73
No. 2 Jati,
20.71
30.01
No. 200
31.23
Spat rubber' unbated
Blanket crepa
Amsterdam
Lagen:
Frankfurt Stockhorn
Vienna
Bd.
Bear, Nav. Co, def Sam Navigation def 'ard-
BLOTTE
Universal Stores "A"-1 Marks & Spe• Co-ore 2014.
LAC-71. Woolworth?
Textiles
Coat J, & P ÍUSSOU 38.
Courtaulde Lad=628 90.
Mines
Cons GoktЛlekts of South Africa-
30.
Cona, Zine, Corp. Ord-748 ód,
De Boers dep-100% 101jd.
Hon on Th
Peteling Tin-ên,
Sande 15h Southern
Union Coppid 1150..
Con Lod.
Goldmining
West Driefontein
JA SKY
1.03 1/32
British Tome Petrotown Byndt
310.5 11
20000 2.2435
34.
3.2930
2.0014-200)1⁄2 2.00 2.07 1010
Tokyo.
The Governor told a now
Civil
from San Diego, California, to Miami. It hit in top grond speed of: 750 milca un hour Conference he wrote separately when added at times by a tail
wind. to the Secretary of State, Mr Herter 171 the
The time broke the former Acronautics Doord.
southern trang Continental 54 of three hours,
and 65 seconds from minutes Long Beach, Californļa, to Mami, set on January: 4 by an Eastern Air Lines DC-B-Jes
He said hia request was made record
the admittedly "from
selfish desire to give travellers from Europe
or from Asta oppor Lunity. to enjoy Alaska's marvellous
std- rocreational' vintages."
The Convair 880 is the third commercial four-engined U.S.. bullt jet to go into service. The others are the larger D5-85, by Douglas and the Boeing 707
One of the main features of
Restrictions prohibiting slop over for passengers of foreign air carriers, Mr Egon
caid, were designed to protect US.- Tokyo traffic, but such a 'poal-the new plane is its ability to tion does not take into account land on runways of 0,300 feet, tho public interest which Innking it capable of operating,
from medium-sized airports- Aloska has in this matter."
UPI, AAN.
2
Under present regulations, SAS is forbidden, from marrying Ainska-Tokyo · passengers, aj-
i
though it may dala passengers Australia approves
from Alasks to Europe.-AP, .. | KEEN
Airlines big air
freight tonnage
New York, Feb. 9. QEABOARD and Western
ISE
Airlines flow 23,261,000
French flight
..I
Canberra, Feb. 10. THE "Austrofion 3 Govern-
THE
"mont has approved a flight into Brisbane by the {French⋅ dielina TAI.
The Minister Ide Civil Avia- Shona Paltridge, ton, Senator ton milles of air freight across said this would allow the an- nual visit to Australia of 21 New the north Atlantic last your, Caledonian schoolchildren,
Beitio Potrofom Co. Lis-which was an increase of 73.7 per cent over the pre- [vious year, the Hem ans
nounced today.
Hayal Dutch Patrolman-€15% Sueli Transport & Trnding) 40w Day-neuter,
Exchange rates
Bushers who done lit the "pocal 你能
isti: | ukometal exchange serkes
morning at her fülowing rated
2003-200 313036-12934
US, dolar (por (1) dana...
starting motem {ger £)undatio 15.
Australian nates (per £1)
bastonesien "muDINČI: (OUR: 100)....... kilazo “ticale :( por 100) 1.3D.
diogupere (Bleware)
12.03
In addition, the company flew 5.602,000 ton miles of mail dur-
Ing the year, tape. Napoli
The TAI plane will call at Brisbane on February 10,
(Air, services between Aus- trilia and New Calsimula reaped in January
10
The French Government then cancelled approval for tempor- ary!ule (service with Australia. The move followed un- Cargo aircraft has hiereused successful, negotiations In Me)- 1,213 per cent. It prediated a bourne to frith a permanent fensfold increase in the next telugreement on Jandlog right,)—
China Mall Spaciai} 7' „£450TL
Since. 1900, the company said, ping-
traight tonnage, eárried in all