THE CHINA MAIL, THURSDAY, NOVEMBER 17, 1900.
BRITAIN'S WALL STREET
COTTON OUTPUT
Manchester, Nov. 16. The British cotton industry produced an average of of 9,690,000 pounds single yarn cotton yard in each of the four weeks ended October 1, the
Cotton National announced today.
The
Board
for
New York cotton market
December dein
EASIER
CLOSES
New York, Nov. 16.
Stocks closed casier on late selling today after
Lily Tulip
HONGKONG STOCK EXCHANGE
4571
by Our Own Correspondent
operating in an extremely narrow range throughout the session. Trading picked up from yesterday's pace. 10M last around 8 points in n mixed electronics group where Texas Instruments fell over 4. Brunswick dropped around 3 on news it may Issue convertible debentures, Polarold $25 to $30 million worth fell around 2.
Chemicals Inst
Lorillard 1. Lowenstein & Sonx, McDermott J, Ray McDornell Aircraft
Merek
Mesabi Tren Corp.
of Molson Brewery Co.
Monsanto
New York, Nov. 16. Cotton futures closed 35 confs a balo lower to 20 cents higher.
were lower Mast deliveries weekly average cottont waste yarns was 1.938,000 with the market feeling messure for man-nude of quidation in nearby Decem- pounds andl Staple yarng and mixtures (in-her contracts. First notice day
as much ading waste) 2,930,000 pounds. for the nearby
next Wednes- 2% in Dupont, moters up to a total weekly livery comes up This was
clay.
Reports that the cottemi point in Magia. average of 14.550,000 pourtis.
harvest is proceeding rapidly Procter and Gamble The industry also produced &
to strengthen the weekly average of 24,500,000 were believed to be redected infon 3 pointy
some hedging in futures along Dow Jones Industrial average. cloth, anc! Colton of yards
vils Wee up. of man-made with selling on a disappointing Most 12,110,000 yards
ercurd 334 and Kemcgee Aure and mixture cloth making | colton consumption forecast.
Cotton The New York
Exaround a point while some de- a toul of 38,650,600 yurds,
up fre- Issues picked fenca the industry on Workers in
tions. Ocluber 1 totaled 184,410. Of tre. 71,310 were engaged in waste spinning, 7.270 spinning, 16,100 in doubling and 69.470 in werving-China Ma!! Special
113
Textile market
New York. Nov. 16. The cotton textile market was quiet today. Interest cloth in fürward print
with only diminished
small sales of print cloths and other constructions reported.
The wool goods market was quiet,
change Service estimated Octo- ber domestic coticn consumption at 680,000 bales compared with 733,000 Dales in the month just peor.-AP.
Agreed merchant
rates
Canadian dollars:
Selling, 17 3/32; Minimum Buy-
17 11/32 T/T,
| ing.
O/D.
Belgian Francs:
Selling, 835.
30 Industrials
Dow JoneN closing WETU:
20 rails
15 utilities
65 stocks
48 bends
Montecatin
Motorals Inc.
Business done at the Hong-
this kong Stock Exchange morning amounted to approxt- mately $3,700,000. Noon quota- tiens and the morning's transac- tions:
Khates
Buyers Sellers HK Bank 1320 1330
THE
LONDON
STOCKS RISE
London, Nov. 16. The stock market closed higher today but Ford ended slightly below yesterday's close on fears that the govern- mont may black the American company's affor to buy complete control,
engineering textiles led widespread advances | In the Industrial Est.
Steels,
Gilt-edged
quietly drm,
El
Fosurities were
Golds Ormed as did copper
*
#7
472%
24 a
1492
tacked
Barber
National Dincuit Co National Dalry Prod. Nations: Steel Corp. Noranda Miner Lid. Narlaik & Western Ry. North Amer, Aviation Northwest Airliner (Com.) Oklabama Nat. Gns Owen:-Illinois Glass Oxford Paper Co. Peny J. C. Cu. Per. Soll Co. Putins Marris Pincy
309%
Brien
10 1325
1325
701
Lombard In:. 421
In 125 120
000 125
Wheelck
X.D.
9.00
8.3 21000
9.00
0000
9.45
and diamond stocks.
ZA..
5000 1.05
30900 8.70
gained
10000 or 0%
3000 3.60
IK Deck ..
108
167
2004 107
Ch. Prov,
319
22.10
IK & 5.
Hotel
Land..
Dower
Procter & Gamble Co. averages Portianu Gew. Fiec, Publicker Industries
Closing prices
604.77 Puls
Pace Oil
128.39 Radio Cotp. Pref.
::,
500 (3 21,90
1000 20
138 21.90
100 @ 22
2000
1100
14.30 Raytheon
84.53 Royal Dutch
200.16 Royal Bank of Canada
Hheem Mfg.
143.
Comin. future price
Index
Sears, Roebuck & Co.
143.19 Shell Oli Co.
Maximun
Safeway Store
-743
Saint Reg. Paper
17 13/32
Schenley Ine.
Yahoot! 2284 Younali
302
104
Scott Paper
Abbi Powr. & Paper.
331
Siegier Corp.
27%
ᏐᎢ . Bonus .Rights
0715
87 87
8714
Maximun
Algory Steel Corp.
Su, Kline & Frenet
47.
Allied Milk Inc.
3934
South Puerto Rico Sugar
101 Trom
32 3344
Am. Brake Shoe
372
Southern Co. (Tel
An. Cable & Radio Corp.
2000 321
100
Southern Natural Ga
Amerlenn Cyanand Co.
431%
390 3214
Southern Pacifle Co
Am. Gas & Electric
123
Au. ure Prod
IMAIS
Southern Railway (Lam.)
leh. Light.
21.00
2400
4000 25.30
Kin. tach. Fury.
Sperry Rand...
72
500
25.10)
72
Sleep Rock
300
25.20
Stats & Webster
3200 25.15
100 w 23.50
1000 @ 25
West German Deutschemarks: Maximum Selling,
Exchange rates
Thisness wea don in the les soficial exchange
11rket tha
US dollar per $11
Am. Natural Ges
Am. Sugar Rel.
Ampex ....
Sunshine Mining
Textron Inc.
Thinkel Cheat,
Asbestos Carp,
Itu ldwin-Limin-Har
marning at the following rates:-
Bank of Montreal ...
Tide Waler Oll
Bank of Nova Scotia
5.65
Borch Life Savers
182
Traders Finance
Sterling en per £1 Australian 1st (per 1
15.12
1. C. Tel C.
439
Travelers Inc...
quarter
Sam tal per 100)
Indonesian urotah per 100)..
1231
Bell Telephone
410 Tri-Cont. Warrants
3.19
Teneficial Finance
31
21.26
endix Aviation Corp.
649
United Fruil ....
Streapon (Strait
1.30
Benguet Conu, .....
Unlied Gas Corp.
U.S. Line Co.
U.S. Steel 7 P.C. PP"
28!
Orders for ruyun geods were for fourth moderate delivery --AP.
P.O
ORIENT
LINES
EMBARKATION NOTICE
R.M.S. "CANTON"
for UNITED KINGDOM via SINGAPORE, PENANG, COLOMBO, BOMBAY, ADEN, SUEZ-PORT SAID. EMBARKATION:
SAILS:
The ship will be berthed at No. 1
Wharf. Pier, Kowloon
Passengers
should embark between 4.00 p.m. and 6.00 p.m. on Friday, 18th November, 1960.
The ship is expected to sail at 8.00 p.m. on Friday, 18th November, 1960.
BAGGAGE:
Should be sent to the Hongkong & Kowloon Wharf Co.'s Godown (No. 2 Gate), Navy Street, by 5.00 p.m. on 17th November, 1960.
SUBJECT TO CHANGE Agents:
MACKINNON, MACKENZIE & CO.
OF H.K. LTD.,
Telephone 85211-9.
Boeing Airplane
Barden hel Co. Burroughs Add Machine"
British Amer. Oil
Caill. Packing Corp. Cana. Bk, nf Comm. L'umpbell Soup Ch. Canadian Pacifle R. Case 13. J Co. Cat. Tractor Cranione
17. Fir
metal Corp. Civet! Peabody
Colombian Carbon Co. Commercial Credit
Curning Glass Works Consolidated Paper Consumers Gar
Continental CAN
Continental Out of Del.
Cosmo Imperial Milia Grepte PE CARE AN Delaware & Hudson Co. Distillers-Seagrams
-Seagra Alterat
Dow Chemical
El Paso Natural Gas
Family Finance Corp,
Ferro Corp.
First Nat. Clly Bank
Ford Motor Co. of Canado.
Georgia Pacifie
Gult On
Twentieth Century Fox Film
Waukesha Moters gang Westinghouse Air Brake Western Unlan Tel. Co.
50 West Va. Pulp & Paper Winn-Dixie Stores
Zenith Radio
20
KK Elec.
HK Tel:
29.10.20
36 304
4
200 23.10 500 17-25 4080 29.10 1833 59.15 1005 0
200 61 3614 100 361. 209 30 1500 39%
30 A IDAD
509 10.30 850 29.40
57-
TCD 3313
28:
Telephons still
14
0.20 19.40
39G Cement 30
57 3003
B
1000
100
57
10334 Dairy Far UP3.
33 3314
100 34
1:100 # 33
1000 33
100033
Watson
Alliext Texlite
31 122
5.00 Под
1000
1000
55 000
£000 9.53
Nanyang
13 10.18 TK
Ten most
active stocks
New York, Nov. 16.
Ten most active stocks on
General Dynamics
Gen, Pub. U
251.
Gen. Tel. & Elec.
327
Gen. yre & Rubber
521
Gondrich (B.F.) Co.
Great Northern Railway
4414 244
Grumman Asterafi
201
Hammond Organ
293
14.
Iliram Walker ........
tomestake Mining Co.
401
Husman Refrig
off
12
1014
Idaho Power impertal Oll.... Imperial Tobacca inland Steel Co.... Interchemical Corp International Paper Johns Manville Cu. Koler Industries Kimberly Clark Liggett
Myers Tob. Co...
1300 915
1000 0.55
6780 Diá
250
15.70
1900 15.70 6500 de 15.00 1000 kr 13.00 100013.JK) 333 35.00 131 13.DG
1000 18 4000 18
the New York stack ex--|--Amal-Rub. 5.035.00 2000054
today - sales,
closings and net changes But
change
respectively:
52,900 Univ Match 50% off
30,700 Ampex Corp 23% up
38,100 Brunswick 78% off . 30,000 Beth Steel 40 of 4. 32,500 Autom Canteen 33%
31,500 Am Motors 19 off. 31,100 Std Oll NJ 40% off K. 28,200 Alum Lid 30% up. 25,800 Chock F Nuts (WI) 19% of %.
24,100 Korvette 30% up 4. (WI-when issued)-UPI.
50005.80
155005.85
2000 10 3.90 500U 7.70
2011 05
800 635
400 or 64
200 & 31
10000 / 1.375
1000 1.90
Trust Talkoo Duck 03
7.30 7.85
Humphreyn
Realty
24.80 24.60
1.87
1096 2 24.70
159 OF 24.70
1.90 21000 1.20
TODOV (of 1.5M)
Siar Ferry
175
177
1K Gar
IK. & F.E.
11.80 14.00
4000 x 14.00
200 $4.00
in
Cabnan
Int'l
145110
43 170 200 170
70 14.00
14% 14.30 200 1150 2.175 2.20 1000 2,20 2000 220 10000 2.20
Invest 9.15 Lane, Craw, 401
FOR ELEGANCE
AND
COLOUR, THIS IS
THE BEST SHOWROOM
By Alexander Thomson
+
P.O
ORIENT
LINES
London, Nov. 16. at the top? I present How are big businesses run by men
today the casebook of Mr Roger Lee, Calico Printers' chief.
SAILS:
EMBARKATION NOTICE
S.S.
'IBERIA"
for MANILA, SYDNEY and the UNITED KINGDOM
I have visited him twice this year at headquarters of this £33 million group in
Manchester's Oxford-street.
So what its pesilion will be well as printers They
are in 2 large and of cotton as
and finishers.
when the concentration plan 's- gaunt building that from the
a tantalising thought. It has big merchanting Anished outside looks about as up to
My, Lancashire friends reckon date び Д London rallway business too and also own a
chal of dress shops. And of it will end up with the lion's EMBARKATION: The ship will be berthed at No. 2 station.
course it makes Terylene. share of this highly competitive Pier, Kowloon Wharf. Passengers But once you are inside and
Right now you can be muro trade.
lot of Colico's fortunes bave been should embark between 4.00 p.m. and up on the top floor where the
that Loe is giving a the
the part Calico greatly boosted by royalties thought do 6.00 p.m. on Saturday, 19th Novem- fashion buyers go to see
next senson's fabrics you arc
Printers will stay in govern- from Terylene, ber, 1960.
in another world.
for cutting oul
But royalties do not last For elegance, colour and skil-menis plan
forever. Roger Lee's long- The ship is expected to sall at Mid-ful lighting this showroom must surplus capacity among cotton
term aim must be to replace night on Saturday, 19th November, be the best, there is anywhere, finishers.
Last June in a surprise toke- 1960.
POLICY
this earning power when it up United over bld he bought
Hopeo bi latest Red Company,
rung out. A Roger Lee is a tall, un-Turkey
10. Assuming man who says Uttle £2,700,000 Dumbartonshire con-
When I made my first on-the- trut thinks a lot as he puffs cern.
spot report about the company away at one of his well-smoked
He is to close down its cotton on January 20 iis shares were pipes. almesphere to work in. So he printing and finishing worka | 00 shillings six pence. Now they dresses informally. Tweed suits next year.
are around 100 shillings. •
Yet aller a big increase la and suedo shoes are his usual
will be trans- The business
dividend they still yield roughly workaday wear.
ferred to Colico. Hi omed is almost colour-
More recently he also took 27. 128. percent with a "cover" three-and-a-half less, although Calico, Printers over another rival, Sackvilla of almost produce conc
Its works are also Umen,
BAGGAGE:
Should be sent to the Hongkong & Kowloon Wharf Co.'s Godown (No. 2 Gate) between 8.00 a.m. and 5.00 p.m. on 18th November, or between 8.00 a.m. and Noon on 19th Novem ber, 1960.
SUBJECT TO CHANGE
Agents:
MACKINNON, MACKENZIE & CO. OF HONG KONG LTD. Telephone: 85211/9.
Не
likes a relaxed
40 PER CENT
of the most and West, glamorous fabrics in Britain. to be shut.
In a brighter stock market
But Roger Leo's policy Is Calico Printers concern has they would be higher. Especial- clear cut! strength through always sold that it has about 45ly as Lancashire's boom still ap Verma integration. Calico percent
of Britain's cotton pedre to be going full blast. This wesveral printing business.
group are spinners and
London Exprem Bervios.
Oil issues
fractions
while rubber stocks steadied.
Foreign bonds were feature-
The bubbles taste
better
eight miles up
By A STAFF CORRESPONDENT
less and dollar stocks mixed. I don't know why it should be, but cham-
UPI.
Closing prices
British Government Bernrilles 215%. Consolidated-£40-7/19,
ais. Conversion—Rua-13/16.
3. Savings 1965/66-00-31/10. ~
3 Savings 1900/70-13
Dr. Savings $165/15--071TK.
Banks & Insurance Barclays Ord-87% 0d,
Chartered Ban
Hongkong
Lloyds Bank-25я 10.
pagne eight miles up and at 600 miles an hour tastes infinitely better than dead still at ground level.
It seems to improve in direct relation to the speed and height you fly at. The airliner I went on yesterday was the Rolls-Royce powered Boe- ing 707 in the colours of Boac and soon to fly between here and the west coast of America.
The most striking Impression- apart from the effervescence and superiority of the champagne Cement-ris. the comparativo silence
Lombard Banking Ord-106 Tlad. Union Insurance... £7-29/32,
Oil
Burmalı Off-306 Del, Royal Dutch-£117.
Industriale Asoc. Elec. Industrier-434 Thi Astor.
10.
Portland
Buarding, Marden Ord- 7140, British Motor Drd-15s 7150, Coats U. & P.) Ond-5te Courtaulds Onl―s 10. Dun
bber O-261 10!get. Elec. Mus Industries-431. Ford Motor Orden133 Bd. Gilman tollings Ord-39 01. Great Universal Ord-S 10: Hawker.deley Of 2 Imperial Chemical Ord-72 Marks & Spenger "A 7140
d.
Molla-Ployee
Standard.
Ord-102s
- 716. Unilever Ord-isha 4ad.
De Beers 2 d.
Petaling Tin 7 Ed.
Riiscellaneous Bowmaker Ord-254 190. Hongkong & China Gás-15 Indo-China Def, Ord-18 10160.
.. Steam Nav. Det-114 d.
-Reuter.
Rubber
market
Singapore, Nov. 16.
Overseas
advices
nt
the big Jet engines whatever part of the plane you are sitting
in.
seven
that may As an Impression
noteworthy not be particularly
bul on
or 7-hour for .fight it certainly makes
less fatigue and more relaxa- tion.
There is a slight vibration and an occasional sway which is perhaps common to all platies but neither is distracting or up- setting.
ате
the usual Washrooms postage stamp size, designed, I would say with the express purpose of discouraging slow- the ones next to the emergency for art bathroom is 0 toilet and compartment with seats mirrors equipped with plugs for electric shavers and shelves for make-up kits. COMFORTABLE
The seats in wore
first class are Lip is
mixed and after opening amply comfortable-my
to 43k the booking clerk for slightly above last night's the one next to the emergency final levels-the-market exit; they have almost-a-private
steadied on short covar-lounge.
ing.
There are four seats abreast in with plenty of leg room Fluctuations were rather ex-
six abreast in aggerated by thinness of trading first class, but
and with No. 1 Rss reaching tourist, and for a tall or stout 89% cents for December the person rather cramped. market eased sharply on
up-
The internal colour schemo country liquidation and profil has been well chosen, Lighting
taking.
but I do wish the windows could be smoked with-
Lower sheet interest remain-is soft ed
wood but sellers continued to meet market.
Quieter contiition: in thr alternoon with terling to ere,
the
Pressurisation is a great im- provement on anything I have experienced beford. Climbing to 41,000 feet I had slight dis- comfort in the ears but far legs than in any other plane. The air-conditioning W23 ample without being frigid or drafty.
The plane looks huge from the outside but this is deceptive when you get inside. My com- panion felt it was too much like a bus, but then there is a cubin and stuff of three steward's three stewardesses to make sure everyone gets enough attention.
UNNECESSARY
are
There
built-in fold-up trays on the backs of every cept. There are no sleeperettes, The longest hop you are likely to make is only 7 hours and full sleeping facilities are there- fore thought unnecessary.
If you like plane travelling you'll vote this 707 the best. If you hate travelling by atr but nevertheless have to various occasions, the 707 makes the journey as tolerable as possible.
on
And if despite Mr Boeing's still feel Adgety airliner you and uncomfortable, think back to the Yorks, the flying boats, the DC 33, the Avro Ansons and earlier vintage airliners.
bout efforts to produce the ident
And this one you'il agrea is the smoothest, quickest and lenet troublesome way of flying that man has yet devised.
New cable ship
out cutting out the view. Flying New as these planes do well above the prevalled weather,
the the glore from prices cloud carpet below is trying and what is the point of choosing soft colours and toning down lighting inside if the brightness from the window offends?
rubber Ink London, market
was dull with spot quoting at 28% perme-UPI.
Yesterday's Closing
COMMODITY PRICES
METALS
LONDON
Closing prices all in sterling per long lon.:
Tin spot
3-star
Copper pot
3-month
Lead and tall. Nov. 3-month Zine and hall Nov.
Feb.
Buyers Sellers ue 103
COTTON
NEW ORLEANS
is launched
A new British cable ship, H.M. Telegraph Ship Alert, was launched from the Glasgow Yard of the Fairfield Ship- building and Engineering Company Ltd. on. No- vember 7.
have
Is
aro
With an overall length of 418 feet and a gross tonnage exceeding 4,000 tons, she will
a service speed of
propellors kota, Twin powered and diesel-electric machinery by Mirices-A‚EJ. and there is also a bow prope.- ler fitted to the Voltb-Schnelder
Closing prices all in cents per design. ib.:
Spot
Dec.
Afer
Mar
Mary
29.75
31.00 702.20
13.52
11.00
LIVERPOOL Closing prices all in pence
American Contract
RUBBER
lb.;
Doc.
BINGAPORE
Closing prices all in, Straits eents per lb. Lo.b. Malayan ports:
3016-0032
No, 1 Dec.
No
No 2 Dec...
No. 3 Dec.
No. 4 Deg..
Spot rubber unboled
Blanket crepe
20-603
54-75%
No. pole crepe... 92-921
LONDON
Closing prices all in pence per th
No. 1 spot. 26-28 Geitlement honne term:
MÝ-2014
#11-201
Jan/Mar.
Apofluna
Jily/Bept.
Nov./Dec.
Usperal markets, adt, boala poridi
Fee.
Dec.
Ахлах July
Mixed Contrast
88888
Alert's first commission
wilt
be to lay a 100-mile cable in the gulf of the St Lawrence, between Corner Brook, New- foundland, and Grosses Roches, Quebec.
The operation will be carrlei out on behalf of the Canadia a Telecommunications Ovoceas per Corporation and will be part of
the primary slago of a round-the-world British monwealth cable which will
UPI
FOREIGN EXCHANGE
!!
NEW YORK
Closing rates:..
Canada England officia
Australia
Haw. Zazjand
Šaulo Mérino
MUPL
streich 32,000 miles,
now
Com-
When the St Lawrence link, is complete" Alert will take over maintenance work on the north II.M.TS. Atlantic to allow Monarchi to get ahead with the fest part of the primary stage of the Commonwealth scheme--- the Inying of a new tearasilon- tie cable between Scotland ant Newfoundland. Here, for the first time, ightweight 00-circult eablo-developed by British eu. gineers for the General Post Omicowill be used.
The launching of Alert brings the C.P.O. cable-laying fleet to four. She is around 0,200 ions gross
and among her 1,01-7/31 equipment will be the newest Lypa of V-sheave paying but
•
gear, which will allow ibu tiro-
way rigid repeaters to by-pass the sheaves and give continuity DE SAYING HELMS,