COMMODITY PRICES
LIVERPOOL Closing prices all in pence per lb.
Oct/Nov.
SUGAR
American Contract
THE CHINA MAIL, THURSDAY, AUGUST 11, 1960,
METALS
NEW YORK
Closing prices, aff in cents per
Ib.:
Lead.
SIPL
Dec/Jan.
Now.
Mar/April
Zinc,
May/June
Sept.
in cents
Mixed Contract
Nov.
Oct/Nov.
Copper.
Dee./Jan.
yept.
Mar/April
Nov.
NEW YORK
Closing prices all
Contract No. 4 (world)
per lb.:
Sept.
Oct.
Jan.
May
Juw
Spot-(7.4.1, Cubay
Total Sale 253 contracts,
Oper. interest: 4,158 contracta
2398835
May/June
RUBBER
LONDON
11.10
11.18
11.44
11.38
30.27
30.15
Closing prices, all in sterling
per long ton.
Tin,
ADOR
3-month Copper,
240%
Bayers Sellers
800
501 808
Contract No. 8 (domestic)
24615
3-month
24032
24513
Sept.
31
Nov.
NEW YORK
Led but am
Jan,
201
Mar
Spot-ICII MY. ex-duty)
Total Safer: 152 contracts.
Rex rubber futures closing prices, all in cents per ib.:
37.00 Sept.
Auz
7024
Nov.
71%
Zinc, 1st half,
Aug.
Th
Open interest: 1,788 cuntracts-UPI,
Nov.
35.75
Nov.
891%
Jan.
35.20
881/ -UPL
34.9.1
Mar.
34,60
May
July
34.30
COTTON
NEW YORK
Closing prices all in cents
SINGAPORE
Closing prices all in Strait,
per b. f.o.b.
cents
ports:
No. 1
Aug
No. 2 Aug.
Sept.
No. 3 Aug.
No. 4 Aug..
Spot rubber unbated
FOREIGN EXCHANGE
NEW YORK Closing rates:
OSTE
30-days
Austria
New Zealand
South Afric
Malayan:
10414-104
10424-105
10394-10434
per lb.
103-10314
Spot
32.60
Get.
34 03
Dec.
31.20
Blanket crepe
303-10312 1037-104 96-97
Canada
1,08-3/32
Englark
2.8170
Mar
31.73
No. 1 pale crepe
114-115
2.8002
May
32.10
LONDON
2.2485
July
32.18
Oct.
32.45
Closing prices a
in perice
2.8007
Dec.
3241
ber be
2.8145
Mar
32 67
No. 1 R upot
2922-3045
May
32.85
Others unchanged.
LONDON
Aug
20-30
Closing rates:
301-30-14
New York
Closing prices
all in
30%-30%
Muntreal
per lb.
Spot
33.00
Jan./Mar. Apr/May
297-30%
Amsterdam
2979-29974
Brussels
Ort
30.90
Dec.
31.78
ports:
Mar.
32.07
Aug
May
32.13
Sept.
304-30% 30-309
0:10 Paris
July
32.08
Oct.
301%-30%
Stockholm
20.036-20.02 13.7714-13.77AL 144912-14.4035
Oct.
32.63
Estate cregt
Milan
Dec.
30.75
thin Aug
335
Vientia
Mar.
30.75
thick Aug:
331
Zurich
72.56-72.56 13.12-13121
May.
34.59
-UPL
-UPL
NEW ORLEANS
Settlement house term:
Oct. cents Oct./Dec.
General markets, cif. basis,
Copenhagen
Frankfurt
Isbon
FIRST HONGKONG FUND
WALL STREET CONTINUES
TO ADVANCE
New York, Aug. 10,
Stocks stretched their current string of
advances to five sessions in a row.
The main body of siccks had most of the session spent fluctuating narrowly ghooth sicky of yesterday's crise.
McDonnel Adrecat Merck.
Mesti Iron Cượp.
Minnesota Mining Mission Development Monsanto Chemical Co. Montecatini Montgomery Ward Cop-Mocols Inc.
Recent favourites suffered ins traders switched groupe. pers and olig suffered to a large extent from neglect after yes terday's strong showing.
National Biscuit Co. National Cash Reg. "A" National Detry Frod. National Lead National Steel Corp.
buy-New York Central
Beneficiaries of the late ing were stoels, electronics, leading chemicals, rails and
cameras,
STEELS UP
Boting tacked on nearly two while such poi in alrerafis defence-oriented electronics as Motorola, Texas Instruments and Beckman rose around a 2.81-2013 3,72-11/16-272-13/16 point or more. 10.601-10.60
140,7711⁄2-140.821)
1935-19.355 11.7174-18.72% B0.20-80.30
A UNIQUE OPPORTUNITY
FOR INVESTORS!
IMPORTANT
The offer opens on 8th August, 1960. and closes not later than 16th August, 1960. Applications maat be received at the offices of the Managers, Hong Kong Unit Funds Limited, P.O. Box 690 Hong Kong, or 701 Alexandra House of at The Hong Kong & Shanghai Banking Corporation. The Chartered Bank or The Mercantile Bank during that period."
No.
FIRST HONG KONG FUND
OFFER OF 1,000,000 UNITS AT $1.00 PER UNIT PAYABLE IN FULL ON APPLICATION
All shares currently included in the Trust Fund are shares
quoted on the Hong Kong Stock Exchange
-FORM OF APPLICATION———
APPLICATIONS MUST BE FOR A MINIMUM OF 500 UNITS AND THEREAFTER, IN MULTIFLES OF 100 UNITS
Ta: HONG KONG UNIT FUNDS LIMITED
We hereby apply for... .......units in the First Hong Kong Fond at the advertised price of $1.00 per unit, in accordance with the conditions contained in the offer and subject to the terms of the Trust Deed dated 12th July, 1960.
I/We encluse cheque/money order/cash for ................being payment in fall for the number of units applied for. I/We understand that the money will be returned to me/us in full if no Unite are allotted.
I/We declare that I/We am/are over 21 years of age,
ALOOK JATTANO
SURNAME(S) {{a_English]__
(Pfrase state
Mr. Mrs. or M
OTHER NAME(S) IN FULL_
ADDRESS
SIGNATURE(S)..
Telephone No.
Date
(In the case of joint applications all persons must sign. Corporations should com- plete under the hand of an authorised officer whose designation should be rated)
CH
NOTE Detailed Information Folder is available from Hong Kong Unix Funds Limited, 701, Alexandra House or P. O. Box 690 (Tel. 28106) or from leading Banks or Members of the Hong Kong Stock Exchange.
ΙΠ
and the cameras, Bell Howell spurted more than two points, as did Bausch and Lomb, American Optical and American Photocopy.
64
HONGKONG London market
advances on
STOCK EXCHANGE
Our Own Corespondent
Business done at the Hong- kong Stock Exchange this morn→ ing amounted to approximately $728,000, Noon quotations and the morning's transactions. Bhates Buyers Sellers HK Bank
1190 1905
HK TE
Bules
20 1100
20180
HK Tele... 38 583 1000
54
Dairy Farm 28.30 28.70
broad front
London, Aug. 10.
Stocks steamed ahead under steady buying pressure covering most sections of the list and stock shortage helped prices advance on a broad front.
Breweries stayed
in
the
spotlight. In motors, Leylands
four spurted nearly
Fords added a fraction.
Courtaulds
textiles group while banks and
building shares found favour.
GOOD GAINS
Leaders like British Oxygen, Glxo and Beechams showed Both British aɛid good gains,
veni Unilever and tobarcos returned
Africa has helped Hongkong
Loribord Ihe. Ueston Iris, .
3544
·
Wharf Co.
Waterboat
230 23.23
shillings,
Whrekek
1.06
7.70
1020 1.85
247% 19
2000 & 1.70
1000 @ 1.65
Newspapers
moved into
Malaya's import
9914 2314
HK Dock ..
101 100
200 108
higher ground on rumours
of
2003100
higher priors in the autumĖS
Ch
20 20.30
77
HK &
but falled to hold their
best
ban on South
Hotel
levels.
57% HK Land..
37 5746
39
200 #37 1000 / 511
B paced
firm
10%
Yaumati
30 21
4200
201
Ch. Light 11.00 12
Noranda Mines Ltd. Norfolk & Western Яy, North Amer. Aviation Northwest Alin Oklahoma Nat. Gas Olin Mathieson Os Elevators Owen-Binola Glass
39%
HK Elec.
.. 28.10.22
100 7.10 20028.20
0.1. Cement 531
500 331
(Corn.).
1772
200 281
500 281
1004
Oxford Paper Co. Pacife Gas & Elect Pan American Airways Paramount Pictures Parke Davis Co. Philip Morri
$15
457
70
Procter & Gamble Co.
Rub.
Trust
Pittsburgh Plate Glase
Talldo Dock
Publicker Industries Pure Ou
101%
Realty
HK Gu
Garan
1.90
1.95 400 7.95
Elope
Lane, Craw
41 4135
Int'l. Envest 8.95
9.05
14.00
22.10
108 123
Radio Corporationi Radio Corp. Pref. Republic Steel Beynolds Metal
Reynolds Tobacco
Royal Bank of Canada Royal Dutch
Rheem Mig.
U.S. Steel picked up a point Sears, Roebuck & Co.
Ou tate buying to feature the steels Laukens rose around 1% and Jones and Laughlin more than one.
Shell Oil Ca.
Safeway Stores Saint Reg. Paper
Scott Paper
Siegler. Corp. Sinclair Oil
Today's volume was 2,810,000 Smith, Kline & French
shares.
Of a total 1,209 shares traded 626 were higher and 333 lower.
American exchange volume was 1,000,000 shares,
Bonds volume amounted 4,560,000.
Daw-Jones closing averages 30 Industrial
20 Rails
J5 Utilities
85 Stocks
40 Bonds
Comm. Fulure Price Index ..
Closing prices
Alden Inc. Acy.
Allied Chemicals
Allied Ms Inc.
Allis Chamer:
Am. Brake Shoe
American Airline
A Cable & Radio Corg.
American Cyanamid Co.
Am. & Forge. Power
Am. Gas &. Electric"
Am. Home Prod. American Metal Am. Natural Gas
American Smelting Am. Sugar Raf. American "Tel & Tel American Tob.
Ampex... Ariconda Copper Armco Steel
Armour.... Allas Cons. Mining Baldwin-Lima-Ham. Baltimore & Ohio Bank of Montreal Beech Life Savers Beneficial oce Benguet. Cons. Bethlehem Steel Boeing Airplane Borden (The) Co. Burroughs Add Machine Calif. Packing Corp.
Cara Brewers
Campbell Soup Ce. Canadian Pacife A,
Case (J. L.) Co,
Cat. Tractor
Celanese Corp.
C. I. T. Financial Corp. Chase Manhat. Bank Chrysler Motors Cluett Peabody Enigal-Palmbive Co. Colombian Carbon Co. Commercial Credit Consolidated Edison Continental Can Continental Olt of Del, Crane 0.
Crown Zellerbach Cuban Amer. Sugar Delaware & Hudson Co. Diamond Alkali Diamond Gard
Douglas Aircraft Dow Chemical Dupont de Nemour Eastern Air Line Eastman Kodak
El Paso Natural Can Family Finance Corp. Fyrt. Nat. City Bank Ford Motor Georgia Pacific General Electric General Foods General Motors
Gen. Pub, Dedi.
Goodyear Tyre
617.52
Socony Mobil. Ou Solar Aircraft Southern Co. (The)
Southern Natural Goa Southern Railway (Com.) Standard Brands Standard Qll of Cat. Standard Olt of Ind. Standard Oil of NJ. Sleep Rock
Sterling Drug Co. Btairely-Van Crimp. Studebaker-Packard Corp Sunshine Mining
Swift & Co.
Texas Co.
Textron Inc.
135.81 Thiokol Chem.
$9.60 Tide Water 011
204.63 Time Inc.
54.65 TY-Cont. Warrants 144.05
Twentieth Century Fox Film
Carbide Union
Union Bil of Cal.
Union Pacific Railway
U.S. Fol "B"
U.S. Line Co.
U.S. Rubber
814 U.S. Smelting
2:04
United Aircraft
$ 50%
United Fruit
54%
United Gas Corp.
32
771; ¡ U.S. Gypem
30
191x
M4
US Steel
U.S. Steel 7 PC. Fr
543. Warner Bros.
17814 Westinghouse Air Brake
2623
24
6612 Western Union Tel. Co.
431
Westinghouse Electric
535 West Va. Pulp & Paper
89%
Winn-Dixle Storee Woolworth (K. W.)
Allied
B 0.70
Inw. 530 Textile. Nanyone Mil
Ex. Bonus Taste
13.00 14 10001391
A. Rubber 6.10. 4.35 1000 @ 6.40
5000 + 8.30 10000 $30 1000 8.30
8.66
B00 $45
54
130 $3
1.000 1.825 5000 1,800
14.60 14.71 1270 14
1000 14.60
H, F.E. I.
Humphreys
Ferry
Mano Tec.
X. Div... i120 11.80
1000 1,95
2000 # $4.70
500 41 1000 @ 9.
Rubber
market
review
Singapore, Aug. 10. The market ruled very quiet throughout the morning session with business re- stricted to small covering demand.
The afternoon remained quiet with the undertone steady.
Lowers were in better demand but exchanges restricted.
In New York, rex.rubber futures today closed unchanged to 25 points lower with sales of four contracts.
Futures ruled extremely quiet and featureless, but brokers re- 39ported a fair-sized business in
shipment rubber.
62 -8414
U:S. credit
relaxations
urgently required
London, Aug. 10. While European countries
Locally, current month No. 1 Rss was quoted 371⁄2 cents no- minal.
In London, the rubber mar- ket was slightly steadter with spot quoted at 30 peace.-UPI.
CHICAGO
GRAIN MARKET
Chicage, Aug, 10.. Soybean futures closed lower today on the Board of TrSET, Wheat cased in the opening recovered
minutes, but prizes refrain from converting as commission houses too many of their dollar mills bought on resting orders. gains into gold, the United Early selling caine mainly from States tan continue the longs. reflationary credit relaxa
Wheat four stales
Continental,
ahead rises,
Dollar stocks were mixed with steels dull. Foreign bonds stay- ed quiet with scattered gains in Japanese the exception.
Gilt-edged prices held steady despite absence of business in the Government securities.
South African gold lost early fractional gains. Coppers held gains. Tins stayed dull while alle were mainly higher.
Fram GORDON HUNG
Singapore, Aug. 10.
The Federation's ban on the Import of South African goods has given a tre- interdous boost to the can- ned food trade. of Far Eastern countries with Hongkong Included in a small way.
According to statisties avail-
Teas and rubber eased.-UPI.able in Singapore, local canned
Closing prices
Gledged Bends
British Transport 3. 1976/89 #59-13/78.
Console £§+7/18.
Consols
£18.
Conversion Loan 315
food dealers have swilthed their Africa to urders from South Japais and Houghtong in recent months,
4
Because of the sukiden. Increase In demand, cented food thanⱭ- 1941-facturers in Japan the second
highest sgplier to Malaya have asked importera for mbra Finding Stock 15%, 1989/2004-time for delivery,
€50-11/76.
Funding Loan
281-6/78.
Funding
28774.
Dd.
ed.
Loari
1958/00-
2960/90-
Savings 3, 1055/65-287-23/32.
Savings 3%, 1960/70-78,
Savings 3%. 1985/75-£100/10.
Banke
Singapore and the Federation buy about a million lins of can- ned fish, especially sardinies and mackerel, month from Japan. About HK$60,000 of canned fish,
Barclay's Bank "A" Lid ord-81, matly herring, is imported from
Chartered Bank-ls Od
Hongkong-
Lloyd's Bank “A”-583.
National Grindlaya Bank-344
Westminster Bank "A" Non-Camulative
Zipurskee
Hongkong: monthly.
INCREASE
With the ban on goods from 12. South Africa, which has been
Union Insurance Canton-£54. Aircraft & Motors
one of the biggest suppliers of
sales *f caribed fish, the Japanese and Hongkong canned fish are expected to incréer
British Motor Cap. Ord-172. Ford Motor Co # 7:20. Hawker Siddeley Group Ord-considerably. Rolls Royce Ltd Ord- 34. Rootes 24 "A"-10 Standard Triumph International-
ક્યું.
Brawerles
Distillers Co
South African Breweries-24s 3d. Building & Materials
Associated
Japanese
Talking about canned fish, a wholesale dealer said that the Japanese grodiets Wer cheaper than South Africa's and that Japanese EXA portery week in a position to
notice.
Portland Cement-supply fresh stocks at shorter Goodlass Wall & Lead Crá-36a The only Stutheast Aslan country which is now competing with Japan in the canned fish and meat market on a very small scale la Hongkong, the Food & Tabacco British American Tob. Co., Ltd wholesaler said, 56a 34.
Co Imperial Tobacco
Lich-Bis
3d,
Coat, Steel & Engineering Babcock & Wirex Ltd-3 d. United Steel-8is 3d.
Vickers Ltd 1160.
Miscellaneous Boardman Marden Ltd British Oxygen Ltd. Ord-266 3d. Canadian Pacific Ray-04311⁄2d. De La Rue Co. Ord-916. Dunlop Rubber Co 236. Canadian Faelie Bly--44Pjd. Hongkong China Gass. Imperial Chemical. Lyons & Co-81⁄2 101ça, Unilever Ladles ed.
Paper Howater Paper Corp assd
Or-85%
Radio & Electrical Associated Electrical &1a, Electrical & Musical-45€ od. English Electric Co-40 3d. General Electro-35 94.
Shipping
Indo-China Stern Nav. Co. del and 23
d. P&O Steam Navigation def ord -306 4:44.
9d.
were
estimated at nearly 20 milion tions which are so urgent- | hundredweight. Corn furtures
ly needed internationally also rallied. Trading in cats
and so dangerous for the dollar externally.
The next one will doubtless
Blor
It is understood that 稳 Japanese trade "investigation" team consisting of carried is experts will visit Singapore and the Federation very soon fol explore possibilities of boosting business.
Italian firm
strikes oil
in Morocco
Madrid, Aug, 10.
Great Univeral Stores "A" A report that the Italian
Marks & Spenert Lid-84% ad. Woolworth F. W. & Cobia 70.
Textles
Coats J&P L-63 lyd Courtaulds L50 3,
Cons Goddelds at South Africa-
was mixed. Rye added small fractions. Soybeans ruled quiet | 581 4240. after the opening.
Commission and local traders
be a cut in the reserve require sold early, olls and meals were ments of the New York and also down.
Chicago banks,
Coni. Zine Corp. Ord-753 $0. De Beers def
Petaling Fin—OF JOSE,
Hongkong T-10 44.
Rand-264
"Agip", Petroleum Com. pany struck oil in “com-
ercial
quantities” im French Morocco, mear the Spmaish Sahara, sent American oil company hopes soaring today. Well-informed
Sources saich
the "App" Company hit oil t Southern Kints Cans Ltd-24 33. Tarfall, Morocco, about twa Union Corp-501 64, West Driefontein Goldmining-80
Weekly export figures in This action is years overdue, soybeans were below trade ex but at this time it would be
pectations. Inspections totalled. 1,335,000 bushels Last week, against 2,493,000 a year ago... UPL.
434 another credit relaxation and would considerably enlarge the
54
14% lending power of the New York
and Chicago banks.
Gen. Tyre & Bubber
Getty Oil
Glidden Co.
Goodrich (B. F.) Co.
Grumman Airetaži.
379%
31
30
Heyden Newport Corp.
Gulf 03........
Hammond Organ
Homestice Bifying Ci
Human Refrig.
Idaho Power
Ingersoll-Rand
Inland Steel Co.
Interchemical Comp
Int'l Business Manhinas
Int Harvester
Intention. Michael
International_Paper
Unlese United States business sentiment improves the extra lending power may be academic. 36% In a recession extra lending 23% xd power goes begging.
MARGIN CUT
The cut in Wall Street's mar-
So gin requirements has done more
NY SUGAR MARKET
New York. Aug. 10.
5325 to advertise the Federal Re-day closed unchanged to four
serve's concern about recession-points tower with sales of 265
World No. 4 sugar futures to-
07
ary tendencies them to cure them contracts.
Anti Tel & Tel
John-Manville Do, tan
Kansas C. Power & Light,
B
margin requirements
up
Kermecott Copper
| Kimberly Conc
Wall Street's trend. (cuts when.
Liggett & Momen Tol, Co,
Lily Tub
Lättom. Krak.
Lockbeeld Afteraét
Loews Incorp.
Lone Star Cement Co. Lowenstein & Bone. McDermott J. Esty
Agreed merchant
rates
In recent years all changes of Domestic No.
6 sugar closed
or unchanged to 12 phifts higher
1 down have been made against | with sales of 182 extitracts.
Swiss France: Maximum Sell-} ing 75
Belgian Franc
Selling 871.
Maximum
But
W. German Deutschémark Maximum Salling 72-11/10.
World futures
trading was
Wall Street was falling and rises when it was booming) and all mostly, professional while opera-
weeks pet.
Gedigte reports and th
Incommercial British Borneo Fetroleum Synal-strike was calte-43 1140
quamalties," Brith Burmah Petroleum-la Dd. Tartalla is $70 miles Inland British Petroleum Co. L16-514. fromms the Atâmbitie and 18 miles Burman42 3
Royal Dutch Pirbletto-213-7/16 north of the Spanish Sahara, Shelt Transport & Trading is where 13 American companies Ed..
are prospect
America olmen here sild ke
the
reported Italian
U.S. steelkes us at very optimiste
delivery improves
New York, Aug. 10, Deliveries of steet, milky pro-
of them have caused only very bore awaited further market | ducts in Jana heldags izbuch - temporary reversals of the developments. Offerings of raws better than United States in- trend.
were reported at the unchanged | got production, the American prices of 3.5 cents a pound, Iron and Sleet Institute re- FAS, but buyers were indiffer posted. ent-UFL
One must hope that this one will be lucifer.
Exchange rates
was done in the lock
Housing is the best hope but It has not yet responded to easter mormy, Even if it does it would be of only limited com- fort slace houring often moves. contrary to the trade cycle.
It has become a stabilising factor rather like unemployment | 18 delver-tone: 813 pay or budget deficit: These things alleviate the recentions but they also demonstrate the recessions.----Chim: Maij-Speciai,
· imortigia
Sterling notes : (per Australia, ziołana (per
our chaces."-UPI.
BIG SALE OF US. COTTON
New Diletas, AGE, 10,
fairy intounodd (the male at 291234 balts'b0; 15:55. Gevorde
It noted that deliveries. The cotton was frier): 1950, or totalling 5,020,380. sona - ware ¦ eat her arop: cations and was sold shey 5.6 per cind less than in on mal inrestricted bass, which May akoruma: neel & production meant it could be exported, or www reduped. by 16 për prit.. us domestically,
In
the first", Erk However; total deiltasien
1960 | opklind bere lur: Moliday vide
il
khm shane '1959
Crisis was the Becond sale 62- cotted under the 1980-8) dis
posal prostatins de the depe ment on August 1 sold: 166,42