Pago Z
THE CHINA MAIL. TUESDAY, APRIL 26, 1960.
DISCRIMINATORY QUOTAS
HONGKONG STOCK
Reduction has helped U.S.
NY stock market
EXCHANGE
by
Dur Own Correspondent.
Busincas done in the Hot kong Stock Exchange this morti- fug amounted to approximately $2,890,000. Neon quotations und the morning's transactions:
Buyers Hellers
$207 £270
Share BANKS
11K Bank..
INSURANCES
Hales
2201475
128 11275 471223
13 9 1275 1441273
Lombard
SHIPPING
Wheelock
240 ปี 240
1000 74 2000.4743
DOCKS, ETC.
+
K. Whart
Dock
210 107
100
2004 109
Provident 210 211
Tulko: Bock
50 3000
LAND, ETC.
1K at 364, 201;
HK Land..
54 5812
ilumulureys Realty
2004 B
21320.00
1300 21
700 21 20
0005 200
export market
Tho
Washington, Apr. 25.
declines sharply U.S.-Canada plan
New York, Apr, 25.
| The stock market declined sharply on a broad front today.
moderately active.
10
The market was fairly active;
it declined slurply in the
There was slight Improve ment in the final hour
watch left prices above the lows for
United States Governmont today expressed its pleasure at the reduction and slightly lower at the en
against afternoon trading. in discriminatory quotas dollar exports and said the virtual elimination of such discrimination was expected this year.
A joint statement issued by the State, Commerce and Agriculture Departments sald that the removal of discrimina - 101y quotes against the United States since 1958 had Increas
market for Fed the potential
Western in American Goods Europe alone by an estimated $500 million a year.
" American exporters per-
5550 enty as well is they have
in recent years, they
1200 - 30 106 Fift
233361. 1900 364
100
300 7 4815
2003
fed
1 SA
2470 7.00
24.50 21 10
500
1.00 1.823 000
RUBBER Ambig
7.10
7:30 2000
JUN 1,8
230
102
7.43
I LOUG
Trul
4.00)
D
Sungala
UTILITIES
Trun
540
..... 311,
Ferry
Star Yosomati
C Light
Elect
106
177 17
23 23.10
8 22 8
7.45
50004207
70000 11
2008 1:.C5
1000...3
PUCK D
50 32
500319,
100 174
1700
22.10
T
23.10 7.30
27.00 27.70 1503
should
be ablo to enlarge their exports to Western Europe by roughly BEL statement
12 said.
Í
taken by
"Smftar IRSUTES the overseas sterling urea coin- tries, Japan and elsewhere have also improved U.S. prospects in these areas. As U.S. exporters and as their efforts improve overseas markets grow, United States exports will also grow."
Basic reason
The statement said that the hualo reason for the return to conditions of greater freedom in world trade was to be found In the health and vigour of the world economy.
London
stock
prices lower
London, Apr, 25. Gloomy cumlitions prevailed the Stock Exchange
un
the
duy ba: down hurd.
they were still
BIG LOSSES
Mint losses ranged from
few cents to around two dole
Doughs Aircraft Dow Chemiest
Fa-lery Al Line Eastytis Kodak
Family Finance Corp. Firestone Tyre & Hubber First Nat. lly l Ford Motor
Georgia Pacific
General Dynamics General Electife Ccheral Foods General Menter Gen. Trib. Uul.
Gen. Tel, & Elev
Gen. Tyre & itubber
lara a share, but there were bit-Cetty oil
ger losses among more specula- | Cider Co. five issues.
Trading was
234 Stands Brand
Standad Dit at Cal BIL MOHANI og at ind, 100% Sagakure 01 of NJ.
Steel Cal of Canada 2014, Surfing Drug Co.
3
47
53
Stokely-Van Cup.
Stane Welter
Studebaker-Packard Corp.
40% Huahine Mining
Swift & Co.
1214 Texas
*BJ
Trailers Finance
Tri-East Warrants
Twenthel Century Fox Film
Vata Carbide
Union Oil of Cal
Talon Pecine Rallway
of sea
on law gains supporters
Geneva.
T the law of the sea conference recently the
Anited States Canadian compromise on the breadth of the territorial sea and a contiguous fishing zone seemed to have a greater prospect of mustering the necessary two-thirds majority.
The Indications DTD that, building up their fahing in- 231 when the crucial vole is taken, dustry, ho said that this might sponsors of the take the form of training crema, some of the Afro-Asian proposal (to which 18 supplying equipment, and pro- countries have now subscribed,viding fund Several Afro-
?社
44
'Textron Inc
24
Thìskol 11,
246
Tide Water
ARI
The Inc. *****
14
4312
Most
of the treat Northem Hallway major sectura
Hardest hit Glumen Actor market declined.
three Gulf Oil alries, Hammond Organ
Heyden Newport Corp. nonferrousiram Walker
Goodrich D F Cu. Colycut Tyre
QUER
43:
2017
United Aircraft
United Fruit
171
mited Can Corp.
VS. Full "D"
3711
334
Idaho Power
Homesake Mining Co. Human Refrig
US. Gyprin
1025
1. Le Cn.
184
., RUNCT
and which
*U*
US, Smelling
312
Imperiat Palmen
12
US Steel
TIM
of the Russian proposal) will
Ingersoll-R
1
U.S. Stee: 7 P.C. Pr
in certain circumstances sup-
Warner Bros.
4114
puri ike compromiso,
40
Waukesha Motors
4012
Int'l Business Machines
arvestor
44)
Westinghouse Air Brake
27!
441
Westingham Electric
541
100
Western Union Tel Co,
441
LOG
West Va, Pulp & Paper
shle, vice-chairman
3975
Winn-Dixie Storms
5304
60
Wentworth (K. W.
Zenith Hodlo
FIL
the slowout with
-UPI,
conference had got
the big steels, were
electronics, motors, rails, utitles. metals, rubler and chemicals.
or 1,228 issues traded, 707 declined. 253 advanced, and 203 were unchanged.
Volume Tose to 2,000,000 shures compared with 2,850,000 shares traded on Friday.
Brokers blamed the fat on discouraging news in some first reports, cul- quarter earnings
of some backs
in production
And appliances. margin of profits in compact cars-AP.
the lower American
Closing Prices
Abitibi Pwr. & Paper Alden Ing. Acy. Algoma Steel Corp. today in the face of per-Allied Chemicals sistent rumours that a now government credit squeeze is imminent.
BUYCTS
were wary In uns cnd excopt for a few bright spots prices teraled lower selling preSTUITO. under mild Industrials were especially de
$ 67
43
#3
לם
inbund Steel Co. Interchemies Corp.
International Nickel International Paper
Intel & Tel
Jeling-Manville Cu. Kaber Industrie
Kathus C. Power & Light
Kornett Copper
Kimberly Clark
Lube & Mens Tob. Co.
Lykk
Listen Ind.
Lockneesi Alivraft
Loewe Incorp.
Lone Star Criment Co.
Lowenstein. A
Sunz
McDermott J. Ray
MeDunned Adscrit
Merck....
Mesald Iron Corp.
Annesoin Mining
Nen Development
Monsanto Chemical Co.
Motorola Loc
Allis Chalmers Ain. Brake Sh
455
Airline
all
American Cable & Radio Curp American Cyanamid Co. Amer. & Foren. Powe Am. Gus & Electria Ain. Home Prod.
moonry."
B
50
163
Montgomery Ward
American Melai Am. Natural Ga American Sinelting Am. Sugar Hef, America Tel & Tel American Tob Ampox Апсолва Coppet Gold shares received Title Armco Steel
and were attention
mainly Armour irregular, easier. Oils were coppers celolively better.-AP.
National Blacuit Co. National Can't Beg. "A
434
bonds
2216
economic re-pressed. The post-war covery and growth of Western 27.70 Europe and Japon
30A
133
27.0
"phenomenal."
2200
27.70
178
27.00
40
27,00
450 of 27.742
13.86 100 13.00 2004 13.00
2000 500 5.75 190036.75
1083 29.70
lucau E.
12
13
13.70 13.00
119
Telephone
361 362
INDUSTRIALS Cement
4312 439
000 43.25 500 of 43.00
STORES. ER. Dairy
WHI Lane
... 2030 28.12
Frase
COTTONS
texle
Naayong
200 44 43.25
1F0432
500 2.00 1000.0 500 20
300 20.10
British Government had been held stendy, but little business
was done,
these could not have been foreseen a de- earle ago," the statement said. "Many factors, including Mar- shal Pian old, have contributed to this But the resourcefulness, imagination and vitality of the peile
essential In- was the gredient for success."
which the vigostr economies have shown
Tho latement +XPRESSCA
burriers- that tari!! hope
now becoming the most
portant obstacles
would be
Closing Prices
Gledged Bands
3%
Dritish Tramunt Cut-11/10.
Consols 23%-40%.
Console 4-CT-11/16 Conversion
CS-3/16
Loan 31.
Asbon Corp.
Atlas Cona ning
In-Lima-Ham. Baltimore & Ohio Bank of Montrat Bank of Nova Scotia Beech Life Savern
D. C. Tol. Co.
19/76/8 Bel Telephone
Feneficial Finance .. Bendix Aviation Corp. Benguet Cons
100010ichent Steel
Boeing Airplane 1059/00-Eurden (Te) Cu.
Burroughs Aid Machine
Sluck . 1090/200km (elit. Pucking Corn.
Funding Loan. 1990/00–£90.
Funding Loan 3%.
481-7/10.
Funding
£3/16.
trade --
reduced
Jurther Larim
Savings 3, 1936/00-04.
Suvanto 50 BUATE1
upened
Bavings, 1900/28-739
next
BATED
when Jilateral
1700
negotiations
1600 to 20.39
September.
29 60
20
દિલ ના દુ
+45
20 del
1000 26.40
300 3314
10.40 13 155/5 s 101,
3000
10.46
2000 10 36
14.0 14.93
... 13.03
MISCELLANEOUS
Vibra
INVESTMENTS
Int.
Allied
11.K. FE.
Invest.
Qilman
70 7.93
13.00
214 0:0
por be 0.39 2000 720D
2000 470
son 7.15
the United States would again be negotiating for reductions in foreign tariffs relarn for redaction tariffs.
:10
R
U.S.
the
"In the coming months United States Government will ....continue its vigorous efforts to bring about the rapid climbin tion of quantitative restrictions s in force and thus to crease the potentiel foreign mu ket for Gited States exports," the statement sald. Reuter,
R.M.S. "HIMALAYA"
EMBARKATION NOTICE
Barclays Bank "A" Lid and–295. Chartered
-60 c
Hongkong 20394... Lloyd's Bank "A"-68% Ed, Union Insurance Carton-25%.
Insurance
ule and MotoFS
Corp. Ord-193 34
British Ford Motor Co-90 7424.
Hawker Bickleley Group AN-20A
Rulls Royco Lk On-433 415. Rootes Lių "A"~~205.
Standard Triumph International-
11. Breweries
Distillers Co- 35 Dd.
South African Brewerton-241
Bud Materiala
Associated Portland Cement-064
in-
42.
Goutam Woll & Leau Drum
34.
United Sirel-User Gel.
For United Kingdom vla Manila, Singapore, Colombo, Aden, Suez-Port Said and Gibraltar,
30,
Cal Klee end Engineering Babcock & Wileex Lid-35 734d
Vickers IAG xu.
Foud and Tulosten
Itti American Tub, Co., Ltd- Bxcl.
Imperial Tubařen
GK
Co.. Lid-028
Miscellanenas
Boarchaan Marden Ltd 111⁄2d. Brit Oxygen ut. Ord-8th ed. Canadian Pacific My-34734d.
De La Rubber C0-249
co, Ltd. Ord-Gay,
Tanion
20
Cuman Holding Lid-2 ry
Hongkong
China Go-16 Imperial Chemnler-6 36.
Lyons & Co-75.
Unliever Lid-15ia ed.
Paper
x.
(d 1.
Bowater Poper Camp Ord-GLA KI
Cana. Bk, of Comm.
Canadian Pacific 11.
Campbell Soup Co.
Case (1) Co
Cal. Tractor
Celanese Corn.
| C. ET. Finenrint Corp.
Chase Manhat, Bank
Chrysler Motur
Chilett Peabody Colgate-Palmolive co Colombian Carbon Cu. Commercial Credit Consulated Edison
National Dairy Prod.
| National Leal pre National Steel Corp.
New York Central Norma Mines Ltd.
Owen-Brois Cla
Rubber
market
review
Singapore, Apr. 25.
is an elaboration Asian countries and some west
and Commonwealth sald to be
aro
tracted by this den,
at
A suggestion made earlier by A certain shift of opinion is
Mr Gideon Rafael (Israel) was
ference. It la clear that the
the af
developed by Mr I. A. Quar-Eceptible within the con
"s alwart 12-milera" as Mp Haig Ghana delegation. He criticised (Pakistan) described them, can-
20
пр command
the which
A two-thirds down
the malgrity, whether under the serious work, but praised
the Afro-Asian pro- United States and Canada for Soviet or their compromiso, which was posal. "the Arst moyo in the right
for direction" Calling
more
Mr Gudmundsson, the Ice- land Foreign Minister, did not
consultations among delcg-lik the United States-
tlons, he remarked that "there Canadian
is no deadlock yet,"
that the
On the suggestion maritime Powys might offer technical assistanco to the de- In Coastal States veloping
The market ruled very quiet Air-India granted
throughout the morning
with the feature of trad-
ing being premium of wider operation
Washington, Apr. 25.
Eisenhower today approved a Ciril
Board
PRESIDENT
Nurfull & Wester
North Amer. Aviation
3
Northwest Airlines (Con!
cent which was com-
243
Oklaho Nat. Gas
Olin Mathies
43
manded by May over June
141
Ot Elevators
408
Rss lower sheets which
100)
have been neglected,
The afternoon was steady with
the broadening tho
national.
$134Oxford l'aper Co.
Paukle Gori de Elec. Pan Amertean Airways 425 Paramount Plotures 44% Parke Dave Co.
Penny . c.
Penn, Salt Co.
Philip Morris
Procter & Gamble Co.
14
43tney Bowes
241
45% Pittsburgh Plate Glori
32
Publicker Industries
30% Pulan
adio Corporation
1055 | Pure Oll
26
Radio Corp. Pret.
haytheon
Republie Steel
Reynolds Meta:
Iteynolds Tobacco
4924 Royal Bank of Caunda
Royal Dutch ......
Stars Hocturk & Co. Shell Of Eve
4717 Safeway stores...
Saint Reg. Paper
4314
12 | Siegler Corp,
opmpromise дру more than Mr Hure did-but Saying for different reasona, that his delegation would vote against it, he added: "We could novo accepted
Furrow territorial sea, provided that Jurisdiction Ashery adequately dealt with,"
was
A
were
In his view a fundamental fact
being overlocked. The present 17-milo" fishery Bints around Iceland do not at all exclude foreign cherinem from ashing in Icelandlo waters, he said. "The 12-mile Ifmit does not constituto an impenetrable curtain of any order kind for the fish--they can gự operating strie, and do sand most Icelandic waters has in the There was interest in October guthority of Alr-India Inter-of the catch by trawlers
post-war period come from the and December with business at
The CAB granted the Indian area beyond 12 miles from the 5/8 discount.
request that the coast." airline's
Interest in ready No. I's and No. Aeronautica 42 2 bringing out sellers of
123
272%
91
alter.
In Londen, the rubber market
6 was firm with spot quoted at intermediate points 2217 34-7/10 penec,
301
3014
GO
оть Its
route between India and New | MAXIMUM YIELD In Amsterdam, the rubber | York City Do specified by market was steady today.
country stend of city.
In New York, rex rubber In addition the futures today closed 20 to 43 authorised Air-Indip to
In
почт
slock was The cod CAB giving almog its maximum Mr Gud- Dove sustainnale yleid,
points higher on sales of 70 con- Frankfurt-Ammain, Instinct of munden declared, and we
tracis.
Short covering in the face of 4 light offerings and firmness In primary markets combined
Dusseldorf, Air-India has been sangat expect in gut any sub- forced to change to Frankfurt antal increase in the total because repent limitations on output. The limits of the lotul made catch, therefore, are just round haye the airport Dusseldorf uncronomie for 707 the corner."
Alr Boeing jet operalitzas.
Referring to Egures given by ocrtinente as amended Mr Hare, the Iceland Minister terest in the market. Apparent- India's
between have tem- provides for servico manufacturers
commented
tu
起
42
Conswiklated Paper
Consumers Gim
371
Serenley Ing.
Continental Ca
412
Strutt Paper
233% まる
give fatures higher price tags. 5314 However, deniers still complain- ed of the absence of factory in-
Continental Oil of Del
40
Sinclair On
42
532%
243 | Smich, Kling & Preseli
531
ly
Crown Zetterbach
4
Sucony Mobil Oll
Delaware & Hinoy Co,
South Puerto Rico Sugar
Diamond Al
53A%
434
Diamond Gan
Distillers-Seagrams
35
401k
Crane Co.
Dindalon Stures
יal
Sauthens Co. (The)
Fouthern Natural Gas 201, Southern Itallway (Con)
50
Sperry Rand
Yesterday's Closing
that they related frat week after
saporarily satiated their appetites India and New York by way of only to the 341% the government stockpile intermediate points in Barcia, the British trawler owners had
Iri
The spot price for No. 1 smoked Syria, Lebanon, Egypt, Italy, decided to withdraw their ves
Czechoslovakia, sels from the entire Icelandic ribbed sheets
was quoted at Switzerland,
England, arca. France, Germany,
The figures, ho
wald, 20% 40% rents a pound.-UPĮ.
Ireland and Iceland, Gander proved absolutely nothing. The und Montreal, Canada,
rept question was how 'much
COMMODITY PRICES
METALS
NEW YORK ··
30.73
88587588
Totul sales: 16,383 bales.
LIVERPOOL
BARS SEE
8pm
rubbar untuled... lanket crepe.......... No. 1 pale trepa yang
LONDON
12116-122 112-114 129-120
The CAB said it was proper they would have caught "Ie to eliminate specific designation they had done the same thing of all the intermediate" cities | that all other foreign nationals except these in Canuda.-AP. did-that is, respect the legiṛto-
German airline
granted new route
log in. forge In our country and stay outside the 18 miles.
He added
The British trawler owners have preferred to have their vessels leave the grounds entire- ly during the bost frhing period of the year, and of their own free will to reduce their catches va to 88 per cent, and they are Biking that before this con- today approved a Civilference da an argument against 2016-2016 Aeronautics
order the Introduction of 12-mile
Closing prices all in pence per Jb.:
No. 1 es pot 304-304%
Bettlement house term!
3516-3592
Liny
July Ort./Dec.
3315-234 Jan/Mat.
General markets, cif. basis, porta:
30.954 May July
3414-35 Eziato erope thit May.. 373
thick May .. an AMSTERDAMI
July
Oel.
Doc.
Mar.
30.07
BAO PAULO
xu.
Radio and Elsetical
Closing prices, all in cents
All unqusteek..
Amociated Electrical-31 6d.
per
Electrical & Musical-4
d.
Fazilah Electric Coy 3d. General Electric-37 d.
Load
May
July
Hotopink Indo-China Stain Nav. Co. def urth-214.
Beams Navigation der on-
Zine May
11.30
July
11.25
(Closing prices all in cruzeiro Apne per kilo) 11.20 11.43 Average price in US, at 14 designated spet markets: 32.11
Copper MAY
31.19
Cunts
July
20.35
EMBARKATION: Passengers should embark between
47
Alores
9.80 a.m. and 11.00 .m. on Thursday, 28th April, 1960.
Great
per lb.:
101
Buyers Sellers
781
American Contract
May/June
7B81
22.20
No. 2 rubber
170 270's
SAHS:
The ship is expected to sail at noon, Thursday, 28th April, 1960.
2547
22.25
No. 3 rubber
No. 1 cepe
Mar/April
21.00
May/June
2.15
$ 450.
Blixed Contract
BAGGAGE!
Mry/Awis
Oct/Nov.
Dec/Jan
Mar/April
ext.
Tia Dot
3-month
Copper spot
3-month
Ciding prices fall in penca
70%
July/Aug.
Oct/Nov Dec/Jan.
July/Aug
23.10
-UPT.
Closing prices all in guilders
per kilogram, cit. Apr.
No. 1 rubber
3.40 buyers
336 buyers
327 buyers
1.55 buyers
-UIT.
TOREIGN EXCHANGE.
LONDON Closing prices, all in sterling Universal Storem "A"-493 ¦ per lorg ton.:
Spencer Lid-700 H. Markers W. & Co ole ed. Texilien Conta J&P Ltd L Courtauld LA-309.
Woolworth
Cone Gokfields of So.th
Lead 2nd half Apr, Africa-Zine 2nd half Apr.
101%.
Con Zinc Corp, Ord- B Breo def139 $d, Free State Dovelopment & Invest-
Should be sont to the Hongkong & Kowloon Wharf Co.'s Godown (No. Gment- 30. Gate) Navy Street, by 5.00 p.m. 27th April, 1960.
HUBJECT TO ALTERATION
Hongkong T-10% 43%d. Totaling Tin
Tandas T160.
Da.
Southern Hin Cons
Thica Cors-631 1918 -475 5.
West Driefontein dekhiningt-103
Tirilish Bottino Petroleum Byndi. catego
Britaft Funnah Petroicum--20, Dritat Patroleum
Bhril Transport & Trading-1434.
Exchange rates
in the local unelejal
exchangs inarket 11 morning at the mallowing raten:
.8. doll (hor 81) Sterling gotta (por £3) ............ Australian Hales (per Kij Indonunlary sypiah (pre 100) Alam Tick(4 per 1099 Kingapore" (utfälta)
COTTON
NEW YORK
Closing prices all in cents
NEW ORLEANS
Tubbot futures
prieg, all in creats per b.:
40.44; July: 'anda: Sept:
39.36 Nov 8,00; Jan: 38.50; Mari 21.70: MAY: 37.20.
SINGAPORE
Closing pricus ali in Biraltarus vende par lis Rok. Malayan porld: Era Closing price nil in pente No. 1. May 16.0 1200 per lb.
1.90
May
Quich GLENIFFER
Q.P.O. Box 59
Deliverios
MARINE DIESELS
RENECO
Tel. 04401
Co., Lich 041
Baxt
May
-Reuter,
July
Mar.
May
July
Oct.
Ded
Mar
Σ
RUBBER
34.10 bom.
3.69
30.74
Hex
30.77
34.30
at 52
34,00
30.90
May:
Jus
No. 2 May
23.15 3701
No. 3 May
No. May
NEW YORK
NEW YORK Closing rates: Canada England sticlal
90-day # 10-days
Aurinia New Zealand
closing
Bouth Afric
Others unchanged.
LONDON
Closing
loo
New York
Mastro
Amsterdam
*.py
2.00-15/16-281-1/10
19-20
1200-191 Par!**
Stockholm 11812-110% {Xfram
VIDEO
2749
1756
Washington, Apr. 25. PRESIDENT
Eisenhower
Board
granting the German girline finery" limpia.""" Lufthansa a route extension
to San Pranelaço.
The airline has been operating World shipping
routes between. Europu
New York and between
Ger-
many and Chicago by way of problems
Montreal and Windsor, Ontario, Contada.
The new route is by way of Shannon, Eira, and Montreal.
The Hogur, Art. 23. XX7ORLD' shipping" "dis-
and operate W pointinal logged
the new route by why
was unsuccessful
of
Montreal and only requested a behind the favourable de- breader designation in the event valopment of the world's In getting business in general last your, Montreal treme rights from the according to the 1959 répart Clinadian Government—AP.
of the Royal Netherlands Shipowners Association pub- lished here today.
Swedish contract with India railways
Stockholm. CONTRACT between
A the Swedish alectrical
It minted that the problem of marplures of world shipping konito had been overcome to Ariya at more balances Pro- prtiona, "but surplus offering of shipping tappaco continually ingdo Vapit tok
Allhough the world's tenker
|cargo ships.
feels expected to "inorause con- equipment firm Asas and siderably" in the next few years, the Indian railways has there were fewer ordare for drý been signed here.
The Dygrane norvico synod of The Swedish company to tankorg and dry chigo kilin in- supply elamulling devices come eriytod last your on a result of
and 10 electric the strodection of larger and |tro)" igalpmast
transformers for tha miestrifar more modern Visuels, tigʻ report thon of the "Indian reliwny added. This meant en Incrones
'in Iranejoks, capacitywnilai ber
0