Page Z
THE CHINA MAIL, THURSDAY, SEPTEMBER 15, 1960.
WALL STREET PRICES
SHOW SHARP DECLINE
New York, Sept. 14.
Stock prices broke sharply in the last half hour today with
all but a few groups finishing in lower ground.
Asbestos Corp.
All Cona. Mining Baldwin-Lima-Ham.
an of
Electromies paid heavily with, Armes Steel IBM and Texas Instrumenty down arounil 6, motors off or much as two in Ford, steel as much as 1% in Youngstown, ralla over point, and
0
around 21⁄4
oils
Bank of Nova Beotia
Beech Lite Baverk
B, C. Tel. Co.
Bail Telephona
Beneßelat Finance...
A few food stocks and util-Bandix Aviation Corp.
约 Kimberly Clark
20
Liggett Alyers Tob. Co.
04 Latay Toup
Elion Ind.
871wonateus & Bune,
G46 MoDermalt J. Hay
441 McDornei Aireraci
Merck
Mesabi Iron Corp.
80
BU
HONGKONG London stocks
STOCK EXCHANGE
Dur Own Correspondent
Business done at the Hong- kong
this
Stock Exchange
amounted 10
Noon $872,000, quotations and the mernlig's
morning
proximately
1934 |Braneactions:
close on
lower trend
London, Sept. 14.
PP Industrials lost further ground in stock markets today following the reported statement by the Chancellor of Exchequer credit squeeze would have to be continued... ·
20
Nhares
Dayers Baller
40
614 Dank
1103 $105
20 + 1190
4032
Miglia Development
18 What?
2004
20
C431
Molson Brewery
Waterboat
.10
Benguet Coa
14
·Monsanto Chemical Co.
3811 Wheelock
7.40
100 100 6 T
darller gains, but by-and-large these
pared in were groups.
ties managed to huld un to their
Being Alplane
20%
Montecatini
48
harden (The) Ets.
Motorola Inc.
701
ITK Dock
most
Brkish Ainer. Cil
Thurrouglia Add Machine
National Blacuit Cv.
National Dairy Prod.
201
National Steel Corp.
Call!, Parking Corp.
3715
Noranda Māris Lid,
Cana. Bk. of Com
FAX
Nortolk & Westen Ry.
North Amer. Aviation"
Canadian Posifle A. Care 13. 1. Co
Okina Nat. Gon.
Stee and motor issues show-Campbell Soup Co. ed minus signis throughout the
Cal Tractor, Celanese Corp.
C. I. T. Pinuncial Corp. Chase Manha, Bonk
list. A few aircrafts stayed on the arm side on news that the Pentagon had stopped up its
certain desunce | Cluett Peabody... spending projects, including the Samus Colgate-1'nimalive Co satellite for which Lockheed 1s prime contractor.
on
Drugs stayed on the side. Vending stocks were OIT
Match and point in Universa Vendo,
Today's volume was 3,530,000
shares. Of a total 1,204 shares traded, 233 were higher and 712 lower.
Daw-Junes closing averages:
30 Industrial
1:12.52 RA.77
Dominion Stores Dongiss Airerat Dow Chemical Eastern Aur Ling
El Paso Natural Gas Family Finance Corp. Firestone Tyro & itubber Firat No. lly Bank... Ford Motor Co of Cana Fort McT
Georgia Pacle
2494 Northwest Airlines (Com)
2544 Olin Malleant
Owen-[Vinois Glass
Provident. 20.80
Youmali
HK Tram
-хр
Ch. Light
FIX Electric
30
* ཏྟཱ ཙམ 73ཎྜ 1
500
132 ! 55 10010)
100 23
truda
The August
Agures, although showing some Im provement on they very
poor July figures had little effect.
Industrials held fairly steady at lower levels established in early dealings and closed very quielly.
Gilt-edged securities mala
tong 500 6 28.10 í teined their recent firm.
although consols 6 percents eased one-sixteenth to -46%.
IV. 190 20.10
100 28.Ju
56 21.53
Telephone
381 301
1400 334
600 33
G.I. Cement Datry
300 3824 505334
10900, 0.05
Gok shares Armed on selec- live buying bui copper
display.
89 59% 1000 NF 6
200 BU
Little interest developed
1.775 1.829 10330 0 1773 rubbers and tens.-UPI.
Closing prices
Canadian Pacific Fly~#413%. De La Rus Co. Ordine 20, Dunlop Rübber Com29 kl. v Gran Holding Ltd-2 d. Hongkong & China Cuba Imperial Chemical=50 141. Lyons Co-B 711d. Unilever Ltd-1013 D
Jul.
Paper
Downter Paper Corp
Hadio and Klectrical Associated Electrical.
Ord-dos
Electrical & Musical—40% 01. Engian Electric Cod. General Electrio-378.
Shipping
Indo-China Stean Nay. Co. de
O Sicam Navigation del ord
ard92%.
30's d
Stores
Universal Stores "A"-61
Japanese airline plans big jet expansion
JET aircraft with the Rising Sun insignia are expected to appear soon on many major world air routes.
Symbols
the of
Krowing economie power of Japan, these ircraft will also demonstrate Japan's active interest in fog- tering the international bainions to supplement
all its pilots were 'Amertean, but by 1963, no foreign pilots are likely to be employed by the
company. * Sponost Lid-879 3.
Woolworth FW, Co-77# 30
Textiles
Coats JP Lid-438 3 Courtaulds Ltd-00 1150.
Minei
Cons Goldfields of South Afrlen-- cas 1015.
Cons, Zine
Ord-70 d.
De Beers the Bd. Hoa hong tin lớn ad, Petzling Tide 101. Rand--Ï78 och
Southern Cinto Cana Ltd25e Dd. Union Corp-ass 101id.
$6
30
Parke Davis Co.
Oxford Paper Co.
Penny J. C. Co.
32
Penn. „Sall Co.
Colomblan Carbon Co. Camanereal Credit
48
Philip Morris
031
Pitney Bowel
Consolidated Paper Conturiers Gus
3912 Proctor
Gemble Co.
245
Plitburgh Piste Glass
65 551
down-Continental Can
36
Publicker Industries
20,00 2036 1600 or 29.80
Banking, hire-purchase and ksurance shares were dul).
Stores were
+
off as much
បទ
Crane Ca
41% Pullman
Allied Iny,
fid..
Groni
Jd.
Crown Zellerbach
41
Pure Olt
Textile
Delaware & fluxion Cv. Binnon Alkali
214%
Raytheon
Nany
1.30 13.30
Mark
do
Royal Bank of Canada
Raynalde Metal .......
4834
Amat,
and
Rubber
6.06 0,20 1000 Sr
6450 0.05
201
Royal Dutch-
in shares gave a quietly mixed
70
Aleem Mig.:
100%
24
Sears, Ruck & Co.
Rubber
50%
Shell Oil Co.
Trust
7.80
Spfeway Storee
SU
Taikoo Dock
Saint Ret Paper
1.95 1000 g 7,55
2000
Oils fell back after a firm start and closed lower on balance.
14
Bcott Faper
Sclientes Inc.
1300 y 50
In
Siegler Corp.
AS
Realty
674%
202.22 Gen. Pub Util,
Genau Dynaintes
25
207 Suit Astural-as
Southern Co. (The ...
Sidith, Kine French
4000
101C Gea
14.00 14.70
200 A 14.76
48
IK & FE
39
Invest.
14.30
500 Gr 34
Patile Co.
19
Star Ferry
향
Gen. Tel. & Elec.
Southern Railway (Com)
4313
int Inv...
04.06
Gen. Tyre & Rubber
52
perry Hand
217
| Gilman
$41.01
Ölldden Ca, *
37
Goodrich, B. F.) Co.
5329
Steep Rock
Humphrey
23.10
Briti
Bledged nonda
Transport 3, 1998/08--
terion Drug Ch..
Macao Elec.
2007.
Gextyar Ty
307
Stokely-V Compa
Ropes
21.70
Great Northern Railway
40
Stone & "Webster.....
50%
C4—£67|3.
Lane. Draw. 304
Grumman Aircraft
301
Sunshine Mining
Vibro
10.10
Conversion
Loan 3157.
Gulf Oil
23
Textron
Abilibi Pwr, & Paper
Hainthood Organ
34%
Thiokul (trem:
Loan, 1
1901-
1950/60-
Allan Inc. Aty.
Heyden Newport Corp.
21
The Wafer O
Algoma Steal Corp.
32
Hirum Walkera
31
Time Ins
Allied Mills Inc.
35
Am. Brake Shoe
4012
Hoeslake Mining Co.
44
Wurrants.
Human Refrig,
American Airline
13
aho Power
American Cable & Radio Corp.
Imperial Ol
American Cyanamlu Co.
48
fimperial
acco
Amar. & Forgh. Power
1
Am. Clas & Electrie
57.
1897
Am. Much, & Purs
321
27
29 rolle
15 ullilles
da stocka
40 bonds,
Comment future pries intox
Closing prices
Am. Home Prod
Am. Natural Gas
Am Sugar Fler. Ampex
P.O
$ 393%
Ingersoll-Ronal
hakand Etvel Co.
Interchemical Cori). International Paper
Juha-Manville Co
Kaler Industries
212 Kampus C. Power & Light
ORIENT
LINES
s.s. "ORSOVA"
EMBARKATION NOTICE
EMBARKATION:
The ship will be berthed at No. 1 Pier, Kowloon Wharf. Passengers should emburk between 1.00 p.m. and 3.00 p.m. on Thursday, 15th September. The ship is expected to sail at 4.00 p.m, on 15th September, 1980.
BAGGAGE:
Passengers are requested to send all baggage for Hold and Baggage Room and as much Cabin Baggage as possible to the Hongkong & Kowloon Wharf. Co.'s Godown Entrance at No. 2 Gate, Canton Roud, between 8.00 a.m. and 5.00 p.m. on
14th 13th and September, 1960.
Agents.
MACKINNON, MACKENZIE & CO.
OF HONG KONG LTD.,
Twentieth Century Fox
534 Union Ol of Cal
34
Ualled 'Fruit
1212 United Oin Com. 4. UA Fall "p"
70.8. Line. Co.
43 Waukesha Motor
23% Westinghouse Air Broke
534 Western Union Tel. Co.
8% West Va. Pulp & Paper
Winn-Dixle Stores
Zenith Rodila
RUBBER MÄRKET
Mideast nations
form new oil corporation
*Canvils 215 C-CO%.
£58-13/10.
- Funding
£10,
Funding Stock 31% 1999/2004--
£04.
Funding
Lonn
1900/9
Savings 3. 1956/03-28-1/16. Savings 3% 1930/70-76-5/10. Savings 3%. 1000/70-7115,
Hanks Barclay's Bank Ltd ord-is
Chartered Bank-60s. Ilangkong-R61?.
Boyd's Bark "X-67% od National & Grindin Bank-30 Wealmain ter Bank "A" 121% Non-Cumulative=42%.
Bagdad, Sept. 14. Delegates from five Mideast' | Bd)))
oll producing nations and Venezuela today formed the Organisation of Petroleum Exporting Nations (OPEC). The formation of OPEC end- ed a five-day conference here to discuss recent price cuts by Westem all Arms affecting Mideast oll.
to
Eዕ
Singapore, Sept. 14,
OPEC membership also is Overseas advices were alight-
other ofl-producing ly better than expected and the open market opened steady.
hallons, its charter said.
said member Omela's Thereafter the market flue-tons would meet here again in tuated narrowly with some de- mands for October higher grade mid-November and in plenary session in Caracas next. Jan- sheet and small shortcovering orders for offgrades.
uary,UPI.
In New York, rex rubber futures today closed unchanged- to 30 points higher on sales of 78 contracts,
The current month for No. 1 Rss was quoted at 35..
In Lundon, the rubber mar- ket was steady with spot quot- ed at 30% pence.
In Amsterdam, the rubber market was quietly steady. UPI.
Exchange rates
HK UNIT FUND
Buyer Price Seller Price
Da
Insurance Union Insurance Canton-2524. Aircraft and Motors British Motor Corp. Ord-18 7:5, Ford Motor Co-Do Pú Ilawker Siddeley Group Ord
Rolls Royce Ltd On-428, Hooten Lid “A”—0% 9d.
Standard Triumph Internationa
West Driefontein Goldmintra-05% 7140.
British Borneo Petroleum Byndi- Cate
Dd.
British Bunnah Petroleum British Petroleum Co., Ltd-470 34. Burmaha 20.
Royal Dutch Petroleum-£1134. Shell Transport & Trading-128. Router.
AID FOR
INDIA DISCUSSED
Paris, Sept. 14. Financial experie of Ave.
nations today ended a three- day meeting devoted to dis-
possible enesing
ald
for India's third fivo-year plan,
tourist income
Stewardesert were also being work in Aretle, tropieni or any other climatic conditions and to speak as many prac- foreign languages DS quid tiemble. A "new look" uniform blouse, hopes to including an overeauth
from her fast-developing export trained to trade,
Mr Seijiro Yonagita, President of Japan Air Lings, has that hlu.company expand its oversons network by skirt, cap and shoes, described as "designed elegantly after the five times in three years, carry
has
bean style," 50 per cent of the passengers, European
Laud
to 1+sued
the old replace going to and from Japan,
US$100,000,000) Amerkan-style outfit. earn abo
ol
PERMISSION
(some 234,000,000) worth foreign exchange a year.
As a preliminary to its plan El globe-circling service, been Lines has to Japan Air
The company has announced plans to open both trans-Polar for and southern route services Western Europe next year, aceting permission to land air.
service round-the-warîd
in craft at New York. The com- asked the Japanese possibly, later, J 1003, and
pany hots Tokyo Shanghai Poking Government to open diplomatie
with
the United Moscow route. Its present over-negotiations seas network includes separate Siates under the terms of the
Agres Statca lines from Tokyo to Seattle, | Japan-United Los Angeles, San Francisco, Sa? ment, Negotiations will also be necessary to conclude reciprocal Paulo, and Singapore..
with Italy Light agreements and Pakistan.
NEW AIRLINERS
and
A
Japan Air Lines bas 'bought Under an arrangement which five DC-BC turbo-jet ahr liners took effect on April 1, Japen for use on routes linding Japan Air Lines and Air France are with the West Coast of the jointly operating the trans- United States. Equipped with Polar service to Europe on Japanese-style internal decora profit-sharing basin. tions and kimono-clad
Japan Air Lines has opened aircraft branch offices thoog stewarxicases, Meeting under the auspices
in this year dr the Jalotational
Detroit, Bank, named after Full, Nikko delegates from the
other scenic spots of Japan, Boston, Philadelph's, United
have been assigned to the task Paris and Rome, and hopes to South African Breweries-22 34. Stales, West Germany, Canada, ef. attracting as many Ameri-
set up two more, in Hamburg Britain, and Japan also review-
and Duesseldorf, Associated Portland Cement-723ed results of India's
second five-year plan which ends on March 31, 1981 and studiva additional ald
bc that may necossary to complete that plan.
Breweries
Distillers Co434 1.
Buliding & Materiala
Conne Wall & Lead Ord-49
Coal, Steel & Engineering Babcock & Wilcox -55% d. United Steel-840 d. Vickers Lid-33 1054.
Food and Tobkees British American Tob, Cu, Lid-~ | Ets 70,
can tourists Japan.
DC-BC's
as
possible
to
BU
The company, which is a
corporation will also be used semi-official later on the Tokyo-Hongkongatised by Government funds, service and the projected trans-claims that it lost money on the Polar flights,
while Convair international routes last your 880-22 M medium-range jet air- because of growing competition No communique was issued craft will, it is expected, be from the jet aircraft of foreign
but this meeting, disused on the southern roule to air ines, particularly Ameri eussions on the third five-year Europe, Orders have beer, cus. But the losses were more plon were described as merely placed for three of these air than offset by profits from its domestic network, whics bene- preliminary.-UPI.
fted from an "air travel boom" among Japanese,
Imperial Tobacco Co. Lid-after pd.
Miscellaneou Boardman Marden Lid-4a. British Oxygen Ltd. Ord-31
50.97 $1.02
| 1450.
Yesterday's Closing
COMMODITY PRICES
Mar May
No. 2 Oct.
100-1003)
No. 3 Oct
32.59
No. 4 Oct.
Spot rubber unbaled
00-12-9791 101-101 Blanket opepa ....... G1-80 No. pale crepe
1005-10715
July
LIVERPOOL Closing prices all in' pence
per lb,:
Bunera
was done ha the local unoficial exchange market thin morning at the following tales:- U.S. doller (per 31)
6.47
Sterling notes (per £1),
10.87
Australian notes (per £13
13.02
Indonesian rupiah (per 100) ..
2,70
Slam eaka (per 100)
36.15
METALS
Slizapore (Straits)
1.50
American Contract
NEW YORK Closing prices, all in
Oct.
cents
Dec
Mar
per lb.:
May
Lead
Juty
Sept.
19.40
Mixed Contraes
Nov.
10.48
Oct.
Sept,
10,50
Dea
Nov.
10.90
Mat.
Copper
Hept.
29.45
Nov.
20.40
SAILING OCT. 8th & NOV. 27th ̈
TO SAN FRANCISCO
Zino
LONDON Closing prices all in pence per ib.:
No. 1. Ras spot
Settlement house term;
.... 30%-30%
Oct./Dec.
30-30% 291%
Jan./Mar.
295-29/
Apt.Je
Jy/Sept
2015-20%
General market,
e.l.L. basis,
porta:
UPI,
Sept.
20%-297
Oct
Nov.
291-22
craft
air
Altogether, nine long-range and nine short-range jet cruft will be needed to complete Japan Air Lines programane for a round-the-world service.
During 1959, Japan Air Lines and carried 87,720 Japanese foreign passengers to and from Japan This ropresents 18 por Already, taxder 21 two-year cent of the total passengers who programme, the Company has arrived or left by air. The beeri training 33 beams of amber of passengers 132 pilots, navigators, and ported to Increase to 119 Jet 1,000,000 by 1905, and aircraft may be operated by all- Air Lines hopes to carry Japanese crows, During the least one third, or possibly one number-China ytors immediately following in half, of that Inauguration in 1951, almost Mali Special.
mechanics,
40
that
13 CX-
nearly
Japan at
SS. President Hoover
The only ship between the Orient and San Francisco with every cabin First Class! Privacy . or stimulating company ... or both... they're youre on APL's great SS PRESIDENT HOOVER.
Spacious decks for sports, awimming, or just relaxing in the sun. Parties, movies, dancing and other enter tainments add to the fun."
And, of course, you enjoy superb meals and expert service throughout your trip-every convenience Is provided for your comfort. Fares from US$745. Frea Baggage allowance of 850 lbs.
Beo your Travel Agent for reservations.
AMERICAN PRESIDENT LINES
LONDON
Closing prices, all in sterling
per long ton
Tin spot
3-month
Copper spot
3-month
BOR
bayers sellers
000 004 235-3/4
*32*
Zine 1st half
SUGAR
NEW YORK
Closing prices ali in cents per
Bept.
201
19
fb:
Lead 1st holt
Sept.
Contract No. 4 (world)
Oct.
109%
71
ZA7%
Fon.
-URI.
May
July
COTTON
NEW YORK
Closing prices an in cants
per lb.
MEHERREBER
SCRESCERES
Total Salem: 40 coplaneta
Open interest: 2913 contraeta, Contract Nod (domestic)
Now,
Ele crept thin Sept.
Thick Sept
AMSTERDAM
Closing prices all in guilders
per kilogram, clf Sept.
No. 1 rubber
2.89 buyer
No, a rubber
No, a rubbe
NG... 1. mepe
2.68 1stzyare 2.60 buyers 3.08 buyers
UPT
INTERCONTINENTAL
JAL
JET COURIER
JAL
DC-80
FOREIGN ENCHANGE
NEW YORK
Mar
Spole
Polat Boles: 31, contracts. Open interest: 440-
Closing rates.
Cassada
1.0314.
ractamUPX.
England
official
2.0108
30-day
1.800$
90-days.
(2.7000,
Australia
2.2324
New Zealand: ...
south fiften.
Belgium
TOKYO
Öthern lipoharADOK.
RUBBER
NEW YORK medi
Rox rubber futures closing prices, all, in cents per 15.
July
LONDON
Closing rates.
New York
Montreal Ammardam Bril Copenhagen Frankfurt,
NEW ORLEANS,
Mar
incents + Mary
Bept.
SINGAPORE
Closing prices, all in Stralis Patia
cents per 16. 18.6. 'portai,
No
Edition Celo, h
Mockholm
1013-100ts | Zarion
HONOLULU
SAN FRANCISCO
LOS ANGELES
SEATTLE
JAPAN AIR LINKS
TAKCHAINS HOUSE, HO DNI VORMÉ RA, C. TÉL.10643 15 Liftin'i
PERINSULA HOTEL, KRONE
t