ہیں
Yesterday's Closing
COMMODITY PRICES
COTTON
NEW YORK
Closing prices all in pence per
~ NEW ORLEANS
Spot
May July
May
July
SUGAR
NEW YORK
Csing prices all in Konta
per 1b:
Contract No. 4 (world).
Sept.
July.
Teral Baldw: 226 contracts.
Open interest: 353 contracts.
.40
Oct,
54.93
Ja,
3127
Mar
3.1.00
May
32.26
Spot.A S. CUORI
32.35
Contract No, 0 (darenile)
Nov.
Jan
Mah
11.09 5.9%
SPOL-ICH. N.Y, ex-duty! 605 Total Body: 150 rontructe.
Open kiterest: 14 enntruota,-UPI.
ASBABAR
£34293232
METALS
NEW YORK
Closing prices, all in cents per Jb;
Liracl
Zinc
LIVERPOOL
Closing prices all in cents
per
1b.:
Seut.
African Contract.
Nuv.
Qot/Nov.
22.23
Sept
Dec/Jea
Nov.
Mar/April
Copper Sept.
May/June,
22.35
Nuv
Mixed Contruct
Oct/Nov
2300
Dec/Jan.
Mar/April
May/June
SPL 45
22.20
→ UPI,
RUBBER
NEW YORK
LONDON
11.10 11.14
1155
11.23
30M
Closing prices, all in sterling per long tun.:
Buyers Sellers
+
เต
Spot
Cupper
Spot
B-month
Rex. rubber futures dosing prices, all in cents per 1b.:
Bept: 30.55: Nov: 3315; Jun: 3730: 02 July: 32: Mar 22.50; Afay:
Sepl: 31.70.
1b.:
LONDON
Closing prices all in pence per
No. 1 Rex pat
NJ
B00 803!
031 204
24210
233
242
71
71
Nov.
11
2119
Zine And half Aug:
65%
135:
-UP!
Lead and half Aug.
Nov.
FOREIGN EXCHANGE
NEW YORK
Closing rates:
England 30-duyn
9505-06 7.
Australia
27-27
Settlement house term:
Aug.
Sept.
2724-277% 2732-28
New Zealand
Del/Dec.
Jan/Mar.
Apr/May
2273-2735 27-2745
South Afri
Other
unchanged.
LONDON
Sept.
231-271
*Oel.
Lelate crept thin Sept.
mick Sopi...
Centrol markets, cit. basis, packs.
AMSTERDAM
►
Clusing raLKIN:
Montreal
Amsterdam
THE CHINA MAIL, WEDNESDAY, AUGUST 24, 1960,
A BIG WEEK FOR PYE
Empire-minded
Mr. Stanley will report on
his successes
By Alexander. Thomson
London, Aug. 23.
London Wall Street stocks rallies on
continue heavy trading uptrend
London, Aug. 23.
New York, Aug. 23.
Stocks rallied sharply under the influence of easier money today, restoring more than $3 billion to market valuations.
This will be a big week for that irrepressible Irish-Stocks rose, again today in the rise. Declines were few and National Carts Reg., "A" "...
man Charles Stanley who rules over the £31 million Pye concern.
He is staging a radio, television and electronics show
all of his own at London's Festival Hall. And tomorrow bo ja having more than 2,000 of his share holders along for their yearly
meeting.
"Our Best men who may feel there is a lack of incentive in Britain because of high taxation now have an opportunity of going somewhere else other than the United States,
Charles Stanley is the man who couped a bit city stir toen't
After formalities there will be a champasme buffet lunch for them and a special performance of the Festival- Ballet.
What will sixty-one-your-oldly by batting with seven giants Mr. Stanley tell his shareholders in a telephone equipment ring before they troop off for job for control of the telephone manufacturing company of Dul- Reatione?
wichuan
After
*He should certainly report on successes Pye is having with its developments in the Empire, They were part of a bold plan started
(en years when Soetalisis were still lowing for nationalisation.
sume
OVERSEAS
ما
-All but a low groups shared ks Motorola Ine....
Nonal incult Co. bouyant markets with far between, while galos fre-Nuonal Pairy Prod. most sections sharing the quandly run past two points in National Lead
New York, Centeaj? lift. Keen investment de- such pivotal sections dia sipels, Natiocul Steal Corp. Electronics Noranda Minen Lich chements and oils. mand ran into stock abort-also scored widely, followed by Norfolk & Weneen ty ages making some of the aircrufts, coppers, rails, ship-North Ames, Aviation
Nartiwest Airlines (ComL. 1 | Oklahoma - Nat, Gas widespread rises sharp, builders and cameras.
The latest evidence of on pin Mahler The cut in U.S. lending rates
freedom
ad- easier money policy, the cut in low Bhe added
for the prime lending rate by major Owen-Himals Giam vance by lifting hopus
New York City banks, was credit relaxations here.
Demand first centred on the major influence. Brokers were
then apliled. over counting on the cut in this at blue chips
rst charge to help the list scond rankers. Siecia worit tu way through the band inte
ahead with engineerings of overhard resistance the indus-
Unilever vaulted trials built up in the last and races, more than three shilings on weeks of June. news they can be deposited for over-the-counter treding In New and Imperial Chemical hit new peak at
ran
Stores
Oxford Paper Co
Polfie Cam & Pan American Airways Paramount Pictures Parke Davis Co. Penny J. C. „Cu. Pean, Salt Co.
Radia Cotporation
; Republic Blesl
Reynolds Metal
HONGKONG
STOCK EXCHANGE
for Den Conexpand, øst
Business
done at the Hang- kong Exchange this morning amounted -10 approximately $1,447,000. Noon quotations und
the morning's transactions:
Khares Buyers Sellers
1105 1176
I Dank..
714 Lombard
Union 0142 Wharf 50 Whe-lock
841 Dock
281%
312
100
44
Provideni
1 K tutel
291 Land
T
116
404 11.7
50036
92 200 30
7.40
Boy 100
1300
400
10.40 19.00 1500
0.70
3
AG 83%
170.
Yaumo!!
Trani
C. Light 1119 21,70 200
434%
Philip Morris
7214
two
Pinoy Bowes
500 1500 4034 Electric ...27.44 27,90 1000
Procter & Gamble Co.
131
4500
Pittsburgh Plate Class Publicker, Industrier
72 384
400
E4
Radio Corp.. Pref. Raytheon
€45
3916
Duty Farin
14
Wetton
40%
703%
A. Rubber..
303
Talkoo Druck
2101
分
HK'& C. Cak
43
Ferry
301
15int. Invest..
4914
Lane Crow.
40
Cilimand
453%
BLUE CHIPS, The advande came on some of the heaviest trading in weeks. a short sharp fightYork,
Such recent slow movers is he won hands down. And us Industries kind of "vletory roll," ise tele. 67 shillings on egunent from Chrysler and Lukens Steel pick
od up a point or more. Blue ago phone manufacturing company New York broker, bel-as been given a stand at his
chips also were in demand. with Festival Hall show. -
American Telophone rising more than a point, Woolworth nearly and Gamble two and Procter around 2/2
Richfield up more than four yesterday on sharp higher earn andings, ran up more than point in the oils today. Texaco, Sin- clair and Jersey Standard added a-half point or more,
Today's volume was 3,500,000 shares. Of a total 1,243 shares
lower.
Overseas subsidiaries of the group are now showing, steadily
More than 50 percent of the profits. They increasing
are turnover of this side of the making a substantial contribu- group is now exported. Between tion to Pye's dividends,
80 and 90 countries are its cus
tu
FRESH GAINS
and motors scored This concern, he believes, will fresh gains with cods and be complementary to Pye's own textiles. Even the recently krowing business in telecom-ingging olla notched rises paced munications.
by Sholl and Royal-Dutch,
British American Tobacca went against the trend dipped fractionally,
Small buying tucked on gains 011 μου πε up to 4th of gütedged. Greeks were dull r foreign bonds. Mary dollar stocks rose, but Canadian Pact.ded 708 were higher and 914 fic shaded.
Gold shores brightened In Closing prices. only a trickle of business and
Abiilba Pwr. & Paper .coppers broke Into higher Alden inc. Acy.
ground reflecting the Improved | Algoma Steel Corp. Congo situation.
Teas were mixed and rubber lost ground on limited selling. |—UPÏ,
**In Australia and New Zea- tomers. land alone," "Empire-minded Bir Stanley told me today, "we now have Investments of several million pounds. The Common- wealth is the brightest star in uur future." *J1050 Mr George Wooller who heads 2.7900 the company's offshoot in New Zealand also had a word tu say 2.7000 2.8136 about that.
2.2400
New York ... 2007-201
2.71-0/10-2.71-11/10 10.594-10.00 140.40-140.45 18207-10.307. 11.71-11.112. 120-09.30
Copenhagen
Frankfurt
Closing prices all in guilders Lisbo
per kilogram, e.i.f., Sept:
Nu. 1 rubber
Ya, rubber
No. 3 rubber
No. A crepe
Paris
2.70 buyers Stockhulu
2.69 buyers: Milan
2.60 buyers Viena
3.00 buyers | Zurich
-UPL
11473% 14.174
1743-174321 72.40-7260
11.091-12.01.
"Our business is bursting at the seams," he said. "In com- munications it has trobled in the last two years.
"Now television is about to arrive on our doorstep. The Arst experimental station in New Zealand slurted up last month. "A new factory to make TV sela is being built. We hope to have it in full production
early next year."
Back to Mr Stanley again: "These overseas interests of ours have one other advantage.
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20-23 Caxion House, 1' Duddell St, Hong Kong,, TNA, BRONT
NEW MOVE
Today Mr
Stanley told me about another new move in com- munications. He is formning d and is to company in Italy establish a factory there.
plant near Milan will This give Pye its first foothold in the common market new trading "club of six European countries.
To start with the Kalian sub- sidiary will assemble the equip- ment sent out from home. But will build un to gradually it
local manufacture.
also assemble ! Later it will Pre television sels and may ex- pand into other domestic pro- ducts as well,
The strength of Pye from an Investment angle is the degree to which it has spread out from radio and television.
years
- In seven progressive this has helped on expansion in trading profits" from £1,400,000 to more than 24 million,
Pyo is now like a big fish with Its success several backbones.
in communications provides one of them. Another is steady growth in inanufacture of scientific instruments.
But with all this wide range of enterprise there are still some odd conpere to bix Pye, that Charles Stanley has "baked," For example it still produces barbed wire and wire netting in one of the businesses taken over in the past.
And believe it or not it also mokos moureiraps.
Rubber
market
review
New York, Aug. 23. Rex rubber futures today moved 25 points higher to five points lower with sales of 40 contracts.
The terminal market regained A measure of stability, reflecting techmidal considerations after. the recent slump to sonsona lows, pitis, evidence of on im proved interest from srontier factorien in spot rubber at the lower level.
Closing prices
Alled Cherdenta Allied Milis inve
Alls Quaker
Am. Brake Shoe
American Airlive
American Cable & Radio Cury. American Qvenamid Co.
40%
Reynolds Tobacco.... Royal Bank of Canada Royal Dutch. Sears, Roebuck Cu. Shell Ol Co. Safeway Slures Saint Heg, Paper Seltenley Inc. Scolt Paper Slegier Corp. Sinclair On
Smith, Kline & French- Secuny Mobil Oil
South Puerto Rico Super
Southern Co. (The) ... Southern Natural Gas:... Southern Railway (Com.) Sperry Rand
Standard Brands Standard Oil of Cal. Standard Oil of Ind.
Oll of NJ.
1 Slean back
Stokely-Van Camp.
Sunshine Mining va
Telephone
Cement
... 5215
Texule .... Nunyang..
4734 Tubber
1000
2828.10 1000
25.30 2004 25.36
·5.00 6.90
13.10
514 5.5 13000 (+ 5,40 7.10
54 5435 400 Up 5315
000 ₪ 54 300 54
3.78 1775 0000 1.175
105 109
Elec. 11.40
9.15
35000131
300 @ 14.40
2000 14.30
39
Sterling Drug Co.
60
Blone Webster
004
Studebaker-Packard Corp.
Swift & Co.
Texas Co.
20%
Textron Inc
Talokol Chem.
30
Tide Water Olt
Tune Inc.
Tri-Cont. "Warranté
165
Twentieth Century Fux Film
0812
Union Carbide
1101
American Metal American Smelting Am. Sugar Rel... ..........
21
Union Oli of Cal.
434
Union Pacide Railway
201
United Atreraft
1801America Tet.
Tel
0344
노
3216
001
Amer. Foren. Power Am. One & Etc Am. Hunie Prod...
1978/08-Am. Mach. & F'dry
1
British
Outedged Bunds Trasignart 34,
Conway
Consuls
—R44?;.*
£60
003
Converloa 450-15/10.
Funding
Loan 35
Loan 3
CDI-IL/10.
Funding Stck
in
£047
Funding
4
Dď.
American Tou 1959/00 Ampez
Anaounda Copper 1809/2005- Armed Steel
Armour
1080/90-Allas Core. Mining
savings 3, 1965/05-£ £7-19/10. Savings 37, 1000/70-£781. Sarung 3% 1906/75-£71-1/10.
Barclay'e Datik
Baldwin-Lima-klam. Baltinon T pha Bank of Montad Bank of Nova Scotia
" Ltd ord-2 Beech Life Savers
B.C. To, Co.
Curiered Banks, Hungkwig-£12.
Lloyd's fánk “A”—Os úd. Nailunai & Grladtuya
We bunster
Blank "A" Nun-Cumulative 42 64,
Insurance
Bell Telephone Beneficial Finance Bendix Aviation Corp.
Bank-Benguet Cots.
Bethlehem Ston! 1214%, Buding Altplate
Union Tourance Canton-£0%.
Airstart and Motors British Motor Curp. Ort-18.
Ford Motor C-10i 3d,
Borden (The) Co. Burroughs Add Machine British Amer. Oil Calif. Packing Corp. Cana. Bk. of Comm. Sana. Brown
Hawker Bikely Group Ord-Campbell Soup Co.
20 94.
Rolls Reyes Lid Orderdis K. Hootes Lid “A”—10% 103d.
Canadien Padle fi Cost (J) Oo.
Standard Triumph International-Cal Tractor
Dx ŏd.
Breweries.
Distillery C-43 d.
Celance Corp.
CLT. Final Corp. Chase Manhat. Bank Chryster Malay Gluett Peobody ....... Colgate-Palmotive Ca
•Coleinblan Clubon Co. Goodlat Wall & Leut On-4406 Commercial Crestit
South African Breweries-241⁄2 od.
Buliding & Materials Associated Portland Cement-74
100
kl.
Coal, Steel & Engineering Babcock & Wheóx Lid-370, United Steel-06 10. / Vickers Ltd-32.
Food & Tobacco
Belijan American" Tob..Co., Lish~ 50% Gd.
Imperial Tobacco Co., Ltd-45 ki,
Consolidated Edmon Continental Can... Conical Qit of Del, Crane Co.******** Crown Zailerbach
Cub Aaner. Juger
| Delaware de Hudson Co.
Diamond Alkali Diamond Gand Diallera-Goegnamer Dornton Stores Douglas Aircraft Dow Chemical ... Dupont de Nemours Eastern Air Line Eastman Kolak
Paso Natūral Gas Family Finance Corp. Firestone Tyre & Rubber Fke New City Bank
Miscellaneous, Bahedman Marden Lidda. British Oxygen Lid. Ord–204. Canadian Facine__Riy=44NT. De La Rue Co.. Orth with 50 cor. Dunlop Rubber Candle daju. Gilman Holding Lid–2, 41⁄2d. Hongkong a Ching Gar Imperial Chemical-178 Hid.! Lyon & Co od, Unilever Ltd100s 44 cor.
Paper Ekawater Paper Corp On-13.
Radio and Eléctrical Associated Electrical-50%. Electrical & Musical English Electric Cumbla General Electric Bet.
Shipping Indo-China Bear Nav. Co. der Gety bil ord--23 d.
Ford Moto ... Georgie Pacifie Chem DysYdos.
Electric Gavor
Gemoral code
General Motors
den Pub. ULX.
Gen. Tyrs & Rubber
dude
Goodger Tyne Grumman Aironatt
P&O Stearn Navigation det ord-Goodrich sow Od."
"Covering in, the nearby | 90. September delivery-lent a little ex boyaway to the futures market. Tredes understood constimers were switching over from the use of syntheilė
Stores
Great Universal Stores "A"-50% Gulf Du
Marks & Spencer Ltd-DEN. Woolworth W. & Comics.
Textile Coat J&P Ltd-83 4id. Courtaulda Lld be.
Mines
Come Gaidieke of South Africa Con Zine Corp. Ora Oslo
to albork · plyntation-grown | ma jagd... rubber.
SHIPMENTS
In
De Beer def143 1d.
Hongkong Tin-d.
Petaling Tinda S.
Boutham Kinta Cons Ltd-Ma 3d.
44.
Hammond Orgars
Hayden Newport Corp. Hirer War
Homestake Shining Co. Burner Heiste. Tdphur Power, Imperial O Imperist Tobacco Ingómemo!!-and Inland Bioel Oo. Interchemical Corp. Int'l Thinese Maolines
· Int's Harvester
Inverter action School Insermotion) -Paper
anfein Golmining.-20. i Fat & Tel
on
In the adprent market, somo buringm WI reported African-types but details were not disclosed. Meetbare, In-
Betish Borea Patrolum donor offerings included one calls 51. should at 33 spl 33% cents; two Biteets al 3d cesta; one trepo at 36% cents and fiatharic 12% cents a pound.
this
Da
Locally, current month 2o. 1. Ras was quoted 20-%1⁄2 crit bomigal.
In Amigedem the rubber ingricat was very quiet,tofiac",
In London the rubbig matket
Hyndi
Bun Bunnak Petroleum-1 d. Britai Petroleum Lo L10-494
Burma od
A
Roys Dutch Patroleum- €17., anal! Transport & Trading-134 cor.
---Iteuter.
HK UNIT FUNDS
Johna-Marwville, Co,
Kala IndUMLTİON
Heel Copper
C. Power & Light
"Be My Tab, Co. 717 Nip Lithon : Lockheed Alpereft
She Cement Co. Lawakimbury 4 Book Melotow Aircraft Merck spasabi Iron Corp. Milnevesota. Miplom Nyrion Davaopment
That Hongkong Fund: Bupy, | Skemm 10.90; Sellero, $1.00.
Realty
Star
Macao
Belgian
United Fruik.
United Gas Corp.
US. Fall "B"
US. Cyprum -
US. Line Co.
33. Rubber .........
U.S. Smelung
14.S. Steel
U.S. Steel 1 P.C. PF Warner Bros. Waukesha Motors
Westinghouse Electric
Western Union Tal. Co.
West Va. Pulp & Paper Winn-Dixie Stures
Agreed merchant rates
Canadian $. Maxlinum Selling 10: Minimum Buying 175,
- T/T; '17-3/10, DID.
Swiss Francs, Maximum Sell ing 75,
Selling 809.
Francs, Maximum
W "German Deutschemarks, Maximum Selling 72%.
Exchange rates
Busines
Total
was done in the toel uxchange market 551% and at the following rates: 4U.S. dulkar (pes #1)
35 swnloz noter (per E 8315 Australian notes (per £-), 709%Lodonea rúpína (per 100) Slen deals (pre 190) Singapore (State)
1
876
201
Woolworth (K. WJ
Zenith Radio
4624
-UPI,
Saving Today Brings Security Tomorrow
Buy Hongkong Unit Fund
Present Unit Holders can now buy upwarde of 100 units at a time in multiples of 100. Bankers Orders accepted. For information and free booklet write to:
HONGKONG UNIT FUNDS LIMITED 701 Alexandra House, Hong Kong.
PREVENTS CHECK ALTERATION, FORGERY, FRAUD-
3,03
15.00
12.58
2.00
20.30
1.81
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