THE CHINA MAIL, TUESDAY, APRIL 12, 1900.
U.S. TEXTILE SITUATION
HK accused of HONGKONG
London prices ignoring
decline
London, Apr. 11.
Prices on the stock ex- change sagged today in a fresh out of post budget blues with low-yielding industrials coming under selling pressure.
Loading
but
showed Industrials fulls of us to Sve shillings. Steels
nished about their wors! atores motors, electronles, toneros lined dull.
Gold shares recovered from their early welness to close on a firm nute. Copper sloelts were mixed.
Oil Iseves
quota demands
New York, Apr. 11..
The Journal of Commerce said today that Hongkong textile interests appear to be gambling that action on U.S. quota do mands can be stalled for at least another
year.
newspaper
The conimercial carried a staff Washington on the textile quota
situation. It wald:
raport
STOCK
EXCHANGE
by
·Our Own Correspondent
Business Bone at the Hong-
kon
this Block Exchange;
amounter to pro-
$2,303,000,
morning ximately quotations and the trunctions:
Shares Buyers Seßer
Banks
INSURANCES
UN...... SHIPPING Wheelock
"The Commerce DepnetmentOCKS, ETC. fomhus been trying to pry a promiseK. Whart, XD
from Hongkong that it would Dock
Provident cut back Its textile exports to the US., which in 1000 tripled 1058 totals ark are the
Hongkong motte one offer last going up.
int the department Autum,
the export
quotas asked tit should be inde inore restrictive. been heard Hongkong hasn't from smee.
hat *Henckong apparently decided to ignore the threat of a crackdown on its textile exports to the Unlical States.
0.8. officials trying to 'negotiale a Ilongkong con-
the Ray that trol agreement were (ractionally
Colony, by Brilish CroWN Rubber
tocks Were
Ignoring the problem, hopes t will just o' away. "Privately, these bonds were mostly unchanged inndmit, Hongkong's quiel trading.
higher.
stendy.
Government kond: responding
to investment
dematic moved
against the ensler arift, Foreign
Dollar
stocks were
weak
eross the board.--UPI,
Closing Prices
uitedged Bonds
British Transport
Liisus £40 Consols 70-11/16,
LUAR Conversion
Funding.
Fuling Stock 312, A00-1/16.
11/70/TL
3
<<
1059/00
13/2003---
Funding Lone 42% 1950/DO—A QU Savings 3, 1965/855-3/16. Savings 3 1000/10-OK.
Savings 3 AVC5/75-73-8/18.
Banka
Barclay's Bank "A" Ltd ord-San
Charterest Bank-19 kl.
Hongkut £65}y..
Lloyd's Bask "A" .
Insurance
Liner Irance
Canton-£4.
Aircraft and Motors
Bris Motor Corp. Ord-30 Od.
Ford Matur
Hawker Siddeley Grup Ord-9ia.
Rolls Royce
Ruates LA "A”—Ins_Lolgd. Standard Tłumph
123.
Breweries
International-
Distillers Co- 10:54.
Soul African Breweries 23 34.
Building and Materiais
Asociated 'ortland Cement-7
15d cor
officials manufae-
the
A gamble
Back Taikoo still
LAND, ETC. JK Hatet IK Land
+
preys
Itealty KUBBER Amalk.
Treat
19. Keinttian..
Sungla
UTILITIES
Star Ferry
Tram
Youmati .....
C. Light
"The Colony's gamble that on the right turers may be
U.S. will not set against track. By standing pot and re- fusing to comply with Washing-its textile products--if that is
what the ailoncu *voluntary
from Hong- wishes for fon's
on 입단 quotes on their textiles ship kong means hinges menta here, the Colony could Tarif Commision's livesilm-retrie
iniparts. sweat the threat of ion of
Eisenhower's re- US. restrictive action passes At President
Co:runissian after Congress adjourns in July. quest,
studying a system di import curbs that would offset subildy this country pays on raw cotton 'exports.
Pakistan's second 5-year plan
"If
the
the
commission
is Cement......
the
crot
uni alter make is report Congress recesses in July. Hong- keng just might have it made, 1.S. omcials speculate. Here's why they explain;
**The Tari Commission has although no deadline to meet, under the law it takes priority over all pending enees. But the cotton probe is one of the biggest if not the biggest case the Commission has ever undlad, und 1 rhy take months to
uish & report
Drive
"Textile industry leaders who have been sparking o drive for all textile imports
London, Apr. 11.
of In- Pakistan's Minister On 47 TO.
dustries, Mr Abul Kadim Klis, said here' tonight that his country hoped to raise almost half of the £1,428,000,000 needed to Bounce Pakistan's second curbs on Ord-1s
five-year plan from coun- tries abroad.
who was speaking Mr Khan
Ja conference, is British American Tob. Co., Ltd--at a press
London seelding investment for the new economic pin which begins in July.
Goudlass Wall & Lend,
100%
Coal, Boel & Engineering Babcock & Wilcom Lud-409.
United Steel-76 34
13 70.
Vickad and Tobacco
01 A
Imperial Tobrera Ca.. 143-05% 9.
Merttaneous
Boardman Marden Lids 36. Britiel Oxygen Ltd. Ordis Dd. Canadian Pacific Fly-$40.
De La Rue Co. Ltd. Ord-G7« OLE.
Thin up llubber C-2.
Gilman Belding Lu-20 714c. Hongkong & Chion Gar-10s Imperial Chemical 589 710 Los 4 Co Tihd. Unilever Ltd--140. Paper
Bowater Paper. Corp Ond 728 36. Radio and Klectrical
Asmeltet Electrical-Gi# 3d.
Flectrical & Musical-40 Fnglish Electric Com40s General Electric-39% 30.
64.
Shipping Indo-China Slear Nov. Co. def on-214.
P&O Strom Navigation de? ord- 406.
Stores
Crest Universal Stores "A"————468. Marks&Spencer Lu-728. 30. Woolworth F. W. & 653 4156.
rextilen Coats J & Lid- Id. Courtaula 2,000
Cons
Alines Goldfields of South Africa— Cor Zine Corp. Old-Tis 3.
મન માં.
The Beers def-112a od.
Hengkon TM-64 $190.
Petaling T-74 7
u1--hs
SonUsers Kinta Ceng Ltd-278 04.
alon Corp-som 10150.
West Driefontein Colamining-1004,
British Borneo Petroleum Bynd!-
café-63: 1:50.
ed
Brith Itarenah Petroleum-28.
British Petroleum Co.,
Shell Transport & Trading-1018
Burma4DR
Id
Reuter
Japan may
establish
overseas cotton mills
翹
Wahlillah, Apr. 11.
The magazine U.S. Netre
During his world tour he will visit about a dozen countries to sok id
AIM
He still that Pakistan aimed at a four per cent annual in- Ierense in the nation product £624,800,000 in and needed overscus ald, grants, and pet- vate Investment,
In return Pakistan could offer a complete "Max holiday" for at wo years after an indus- Jenst try had been established and a
17 two-year exemption come tax for foreign technicians and managers-Reuter.
Chicago wheat prices
Chilcago, Apr. 11.
Wheat closed mixed while soy-
bbade were, utekonged
to
Higher on the train futures
market today.
110
Trade Ullerest centered
whicut months as
how crop
dealer upparently expected a sightis: bullish U.S. Govern- munt port on 1080 yield.
The report, issued after the cluse, said production will bo six per cent larger than in 1950
above and 17 per cent
1940-68 average.
Clos
but
the
have indicated they wit await
the Commission's decision be fore making their bid to Con- press for quota legislation.
"They feel they need the flad- ings of an expert, official body to bolster their care for protec tive quotas since, stand at the moment, they do not have the voles to push control bill through boil houses,
.19
matters
Honkong Cas
1200
ཚ སྐྱུ དཱིནྡྲ ་ ༄ ༄ ཝྱཱ 3 1 ཨྰཿ ༔ ༔ ཿ སྠཽ ཱཿ
Noon
Wall Street
a
closes on
weak note
New York, Apr. 11.
Stocks elosed' on a generally weak note with steels,
motors and chemicals lowered slightly.
on Mathieson
marning's
Sales
1270
90
MM
Drug, sealtered rails, elce
specials scored tronies and 1200
reme good gains. Selling when
New York Central
Montgomery Ward National Cash Reg. National Lead ...................
4513
A
7.20
100
112
10,80
-100 19.70
10.00
18
W
it came, centred on those 1.15 stocks Led to compile the
averages.
B4
Sellers chipped Owny At prices from the second hour on, but
restive noticeably grow after the American en cod
teel
Jagtitule reported 31stcot produellen this week was experted to drop to 79.9 per 50 cent of
for capacity
the 24.00 1.178 sharpest decline
10**
6015
1.1975
11.50
11.4%
U.40
of the year
and the lowest, operating level
Pacille Gae & Elec.
Fan Amerkan Airways Paramount Pictures Porke Davis. Co. Penn. Salt Co.
PiLimburgh Plate Glass
Radio Corporation Sinclair 1"
ANSPORTATION
New experiment
in
economical parking of cars
SIMPLE, robust system of moveable platforms driven by an electric motor and said to allow garages or parking areas to accommodate one- third cars more than would be otherwise possible, has been developed in Britain.
Known as the "Carpack", the.
new systen
is being manufac-
by Exonomical Parkirat Fibreglass body
Lid., London.
With it, care other than those parked in the back row of the lut ur garage, are driven on to with the Carpack
that
Socny Mobi ou Standard Bron Standani Dil of Cal.
416
37
tured
4%
Standard Out of t
Standard Out NJ.
Štep Ruek
Stering Drug Co.
4171
SWIN È Co.
447%
Texa■ Co.
1319
Union Carbide
United Alrerat
U.S. Foll "B"
C.B. Gyp
the
US. lubber
UB Belling
U.B. Steel
the
0.00 since the week of November 10. 0.35
Steels reacted sharply to an
415 Industry estimate putting steel
production
week at
thia
31 Lowest level siner mid-March:
<2%
U.S. Steel, steady most of day, dropped more than a point, Youngstown Sheet fell around one, as did John and Laughlin.
Chrysler fell around a point in a generally dull mstor see- tion.
Today's volume was 2,520,000 shares.
3121
172
110
171
22,90
23
22,00
2715 27,43 ziti
12,40
301
30
4312
43
14.30
1425
1433
14.40
27.40
21.30
21.30
371; 33
6.03
1414
bus
were:
1.90
7
8.00
30 Industrials
30 Rall
15 Utilities
2.40
21%
13 Sucks
40 Bonds
STONES, ETC.
Dairy
Watacri Lane, Craw COTTONS Textiles Nanyang MISCELLA
Afied
ii.K. & F.E.
Invest.
Climan
Owing to elreunstances beyond our control, the usual detailed stock market quotations are not published today).
NY sugar market
New York, Apr, 11.
4 sugar futures to World No.
day closed unchanged, to one polni lower with kales of 73 contriola,
Domestic No. 6 augar closed unchanged to two points lower. with sales of 452 contracts.
Light Hquidation in the world contract met an indifferent de- mand while the trade awaited saw market developments and
Culkan nows.
"Be. if July arrives without the Commission having malle
Congress Iran reportedly bought 20,000 Its report public, will have adjourned for the tons of refined from Formosa, bolical conventions and the The impending Passover ind threat of legislated quotas will Easter holiday helped to restrict be blunted for at least untilļ market interest.—UPI. next year. "And It the report is made after adjournment, it is belleved Eisenhower through President administrative neilon, would not harsh discriminatory Impost controls on imports from Hong- kong.
"This, as the officials here are beginning to speculate, is what Hongkung is gambling on. UPI
Germans to
construct
Indonesia's
power plants
Djakarta, pr. 11.
The government has accept
Agreed merchant
rates
Of a total 1,228 shares traded,
407 were higher and 568 lower.
-American exchange
was 1,240,000 shares,
volume
Dow-Jones closing averages
Comm future price index..
Closing Prices
Aiden Inc. Acy.
All Chalmers
American Airline
Amer. & Forgn, Power American Me
American, Stetting American Tel & Tel American Tob
Anagonda Copper
Armée Steel
Armour
Atina Cons. Minding Baltimore & Ohio Bolbietem Steel Cana, Brewers Canadian Pacific R. Chrysler Motors Culgate-Palmolive Co. Commercial Con
Edison
Crate Co...***** Crown Zeilerbach Cuban Amer. Sugar Diamond Alkali Dupont de Nemours Eastern Air Line Eastman Kodak Ford Motor General Electric
Foods
General General Motors
Kitty Dil
Glidden Co.
Gull Oli
Heyden Newport Corp.
Talaid Steel Co.
Int'l Business Machines Int'l Harvester
International Nieke
Int'l Tel & Tel Rates C. Power & Light Kenniccate Copper Canadian Dollars, Maximum liton Ind... selling 18-27/32; Minimum buy-Lockheed Alrernit ing 17-3/32 T/T; 17-5/32 O/D. Loews Incorp.....
West German Deutschemaries, Lone Star Cement Co. Maximum selling 72%.
Yesterday's Closing
Muricata Mining Mission Development
Un Pacine Railway
Wariler Bron' Woolworth tic. W.)
LUPT.
Rubber
market
024.80
144.13
00.33
201.63 Thr
03.13
149.0
# tr.
review
Singapore, Apr. 11. norning WILH quiet little incentive to
There was some steadiness during mid-session attributed to China enquiry 1915 shortlived.
4
231
44
but this
The afternoon was quiet until when 30% shortly before the close 100 state bull quidation forced
prices rather lower.
4231
152%
54
20
109
73
101
45
Lower trade intereat, was good and with sellers coming out fair exchanges were recorded.
The market closed easier, In New York, the rex mubber market closed 15 to 40 points lower with sales of 20 contracts,
It was extremely quiet and
piatforms,
one gat, The platform, which
B
for bus experiment
London, Apr. 11.
N experiment in the use
moves sideways, thus allows A of fibreglass which may
"run" to be cleared in front of
any car which must be moved. have far-reaching affects on
It is therefore possible to have
any number of rows each, with
the exception of the back row, with one gap to allow for the "run through."
The
In garage and parking lot lay- outs with entrances in two 01 streets, a one-way syd on Carpack platloris enables whoic of the space (less one gap in each row) to be alled
The pladers, 12 1 consist of two troughs fixed to a framework, This
prussed
long.
stcol
pairs
which touch on
four 1ing unt
rollers of ball-bearing
llat steel rail
A
assembly
bus body construction is being carried out by an omnibus group at Lowestoft.
The body hull, except for the floor and entrance steps, of a new single-deck, bus has been manufactured entirely polyester resin-banded
from glass-
Пbre. The bus is running on a local service in the town.
The object is to find out whether there, would be worth- while savings in building, main- tenance, and operating costs it this fibreglass were used on
scale in full production.
Testing may also reveal such advintages as quieter running mil raised above owing to the non-resonant nu- together with a parture of the material and greater A comfort in hot and cold weather because of the low thermal con- ductivity of fibreglass compared with nfuminium.
flush with the floor. AUTOMATIC
centre the flour, of grooved wheels, acts as guide. Gentle ramps at the end of cach trough allows cars to be driven smoothly on and off the platforms Automatic coupling. uncoupled by pressure on foot pedal, gether.
Unka
д
them 10-
The end platform on the right hand side (facing the rows of motor- eta) is coupled to a driven winch
บด which can situated outside the garage. Push-buttons control the driving motor situated on posts be tween the rows of cart.
Electrically interlocked mechanically linked safety bar- riers prevent cars being driven off or on to moving platforms.
Operation movements, taking in all be
and
simple, five
tween 15 to 30 seconds, being
the featureless on
terminal
all that is required to drive any Traders holding martact,
off car straight out of the lot or apparently before the Passover garage,
In the event of power failure
The sides of the bus pre, com- posed of Inner, the outer, bkins with moulded window 6péhings, wheel arches, and doorways, and were manufactured in complete ecctions from the front bulkhend to the rear corners.
Between the skins are upright roof Abreglass pillin. The moulding is in one plece. The fornict of separate fibre-gines panels arewed into place.
roof
Interior
surfaces
Gre
The back of the bus is also in one plece reinforced by fibre- gloss members bonded to it.
Boac opens new "Cannonball" service.
Bolic Comot 4 Jörliner
D2 and Easter holidays. Limited
trading evening-up nature. Moderate | by hand. 145 shipment
musty of an end platforms can be pushed took off this morning to
3715
Wis
offerings
included
come Singapore bark at 30%
172 cents. April-May, cost and
41%
443
Inaugurate the fastest-ever
freight, Current month No. 1 First aid for 'drowned'rvice from Hongkong to
Rss. Wha quoted 40% centa
nominni.
In London, the rubber market
4316
1001
1022
73 34-7/10 penca.
was quiet with spot quoted at
outboard motor
Last year Bque introduced to "Breakfast in Hongkong, supper in London Comet to
HE first moments after the Far East. THE
Calling at Delhi, Teheran an outboard motor has and Rome on the way, the new In Amsterdam, the rubber been drowned through cap-service will cut dying times lo
104
福
UPI.
market was very quiet today.sizing, or some other mishap, all threo elties, renting Del
by coffee time, (11:10 a.m.), are all-important if damage Teheran for lunch (2:15 p.m.) is to be kept to a minimum. and Home for eceltelts (8.08 The British firm of Parkins p.m.). Outboard Motors Ltd. has The time and route pattern ho new "Cannonball issued a sorios of Hips to of
Come was fixtu after
COMMODITY PRICES
RUBBER
NEW YORK
Rex rubber futures closing prices, all in cents per lb
METALS
NEW YORK
30;
Closing prices, all in cents per lb.: Leed May Fully Zinc ·MAT July Copper, May
11.50
July
May: 40; July: 3,48; Bept: Nov: 38.30: Jon: 38: Bar: 37.30 May 37,
SINGAPORE
NEW ORLEANS
owners.
First, get the engine store extensive marveya by Bobe planning experts throughout o Exxon as possible and stand the Far East and Asia, it in an upright position. Re- It will operate weekly every move the abroad and sparkding Tuesday; throughout the sum- pliga and, with the geir lever mer.
in noutral, tate the engine A fast return servico trom Closing prices ail in cents per by kaning the nywheel to London every Tuesday will call ib.:
chock that no material dimage at Rome, Teheran and Calcutta has been done.
to reach Hongkong in only, 20 engine must now be 10 hutca
Both pervices will inve turned, aver several times with the hand starter until all the and tourist class accomandia-
32.50
30.70
31.10
31.50
30.75
30.70
30.05
SAO PAULO All unquoted.
designated spot markets: 32.08.
The
water has been ejected from the lon cylinders, a plece of paper being
held in front of the plug-holes
to check tha
The old plugs must how te cleaned in petrol now
Air-conditioning
Avenge price in U.S. at 14 clubul or on for the Chusan
salos: 16,040 bales
ed a west German offer to join in the construction of steam generating power
Closing prices all in Strate
LONDON plants with a total capa. cents per lb, f.o.b. Makayan
Total Closing prices, all in derling city of 137,500 kilowaita ports.
1104-106 per long ton:
113-119
Ti pot 114-1153-month 1131-274 Copper spot 119-120
3-th Low lat haliť ADT
July 1291-1301
Zino Lst half Apr.
The Director General of the No. 1 Apr, State Electrictly Enterprise, says No. 2 y
ly
the Government has finishell study on the quailty and dog's No. Apr.
No. 3 Apr.
At their best, the new crop deliveries were up a cent from and Friday's
the close, Trado
of offers from various machine Epot rubber anbaled.. World neport sys Japanostructions at
Blanket crepe are otherwi, was dull and manufacturers
factoties. totille
zo. I polo crepo Volume with prico tex-dirait bohaldering establishing
Steam generating power planin in Jaya's will be constructed ifle mills in Mexico, tail, changés generally small.
Viet Nuri Ceylon and South
Whoat closed 11⁄2 cont a three bigrom places-Djakarta. bushet lower, to higher, (50,000 kilowalt plant), Semar-b.: The weekly news magazine nelze unchanged to it, ang. (37,500 kilowatt plant), and No. 3 Res epot,
products
dis 14-16 lover, yo 4-1 cent east Java's capital of Surabaja Japanese mills would have access lower, and coybeant unchanged (50.000 kilowatt plant). to markets How dimcult to enter.to 4 hier.AP.
Japanese trade proihotion will
to avoid import curbs,
Baid the
the
mich
noled.
alio be stepped up in the United Stales,
magazine Justioso merchants will take part, in live US, trade fairs in 1980 The largest will be the World Trade Fair in New York in May.
Exchange, rates
exchangy
ratket
Business was done in the unmetal A total of 120 Japanese firma inorning at the following TADOW:
17,8, dollars, iner 21); will exhibit 0,000 Reti fi strling note: [ppe (41)
efccitanie computers,usitadan hot pov dn cluding
#d3201 (per 100) Bujitoners, kitchen utensils and a lin onice equipment AP.
Wingapore (struita)
LONDON Closing prices all in perico per
3416-345
Settlement house term: April/June July/GDDI.
Oct/Doc. Jan./Mar.
3412-34}| 33-334 03-53% 2014-2015 Dederal markets, c.lf, bada, portši
diesel A 15,000 kilowatt genemnting power plant will be constructed in Djakarta's satel«. Apr. lite town of Kebajaran tor the May West | Jupe supply of electricity to Java province and, the
Asian Games projects.
Orders for the machineo at the projected Kebojoras plant
July
UPI,
hiyera Sebes
DA
750
785
20)
241 242
274
771
COTTON
FOREIGN
ENCHANGE
NEW YORK
Closing tutes: tanuki KORLATH DORIA!
30-days o-daan
Ausity
NEW YORK Closing prices all În cents por
New welddad
Boutis Atrion
iba..
LONDON
dt.10
nous.
New York
July
at JuverN
1902 Catato crepe thin May
thick May.. AMSTERDAM Closing prices all in gulilore File
have been placed under a long: per kiloutam, ult. Apr, Storm credit agreement.
No. 1 rubber The, .construction
No. 2 fubldi” ......******* Kevajorah blant is scheduled, to No. 1 trepe "El l'bu completed before 1901-AR,
$7.99
of the No. 2 rubber
30.74
submerged it must be drained
should now be connected and
Apst
and refiled. The fuci line THE waw air conditioning
urlits on the Chuva normal starting procedure carried were specially designed and
out:
Tho
chatine
must
bc
stopped in 15 seconds or the immunuféctulod By. Mosts. peiler may be damaged. Re- Carilor Englisoifhg Co. of installed in the boat, the endne | London to fit Info the spaces should be rur at a moderate already occupied by the ven- speed for 30 to 40 minuter.
equipment...
with practically no loss of passen- gor'spica.
completes the dryer out of the tilating. motor,
|
20100
If the engine still fetuses to there, it should be returned to, an
The system, provides : automa-
control at temperatura i authorised Perkins denier for tla examination after the plugs throughout the vessel.
During the re-fl the standerd g
злобл
2.0.49
L
Closing rates;
Moalie
Asaterdam
Frankfurt
ditation Man
Zurich
have been removed and di poured into each cylinder, The of the accommodation has been engine should then bo pulled considerably improved. Private
with ho over
chorgery tollot fäcillites have been, pro-
over 80rát-étusa · arter to circulate the dll, ivided. 4.90-19/15-2.06-1/11 port wipod dry and replaced cabins and alas in a number of rooms in the tourist diáre PANAS bodur dentitets to the denter,
Considering the tremendou Extensive (und of glasr Ahto #limber of Pricing outbound has been made in the new toilet engines in list at home and spaces,, 'fes all cason to sliower OVOTIOTER thewe instructional | trays, in 'some, čásés tip com- anould not "DU WITH æse plete units, are made of this
material.
10.06%)-10.50%
11.71