THE CHINA MAIL. TUESDAY, NOVEMBER 22, 1960.
London Wall Street closes US gold
closes mixed
London, Nov. 21.
Industrial issues gove
mixed performance in a quiet market--but contiola ment was halfed by the 'govomment's bill widen
ing the scope of the in- vestment of trustee funds to include common stock of Ford Company, Engineering, Shipping and Motors went higher with Forti gaining 27 at 138/3 as news that the government had con- sented to the US, Ford bid to buy, most minority shareholding of common stocks at 145/6.
were
The question is whether the big stock hollers will also he- ! cept this price.
mixext Textiles stores eased while leaders like Imperial Chemical Industries, Dunlops and Courtaulds, suffereti small losses..
larly.-UPI.
Closing prices
Big increase in Malayan imports
from W. Germany
By Gordon Hung
Kuala Lumpur, Nov. 21. Malaya's imports from West Germany showed a
irregular
New York, Nov. 21. Stocks finished in a broad scramble of plus and minus signs with the best gains achieved once again by the special situations.
Blue Chips were down on lowest weekly operating rate balance but a 21⁄2 point gain in since July 4. Eastman Kodak enabled the Most Elceroules were to 2 Dow Jones Industrial average points higher while Brunswick to keep fairly close to home, and AMF gained 2 or more in Universal Match and Vendo vend. roco around 2% in the
Polarold Jumped nearly Ings 6 in
big increase this year. Imports from West Siccis dipped in reaction to the the bowling equipments. Germany during the first eight months of this year totalled M$80,400,000-M$16,600,000 more than the same period last year and $22,600,000 more than for the first eight months of 1958.
ts was bought
Hut economists here did not, most as much consider the increase In trade during the whole of 1955. nadas "onslaught on the products
But I was the export of fin of Britain and other countries in the Malayan market.
to West Germany that had the most noticeable riser
"Rather," ald an expert. there has been over the past.A total of $9.400,000 worth of few years, a blaster share for all
tin was sold to West Germany countries because of the greatly during the first half of this year 30 million more than for the whole of 1958, and $8,700,000 more than for the whole of laat year.
Increased buying power
here
Giltedged turned quiet and drifted lower. War loan 3% per cent losing 3/0 at £81%.
Dollar stocks moved irregand greater consumption, which
reflects en Malaya's prosperity.
Economists here said that
afford Malaya could
to buy more German goods because of her higher purchasing ability.
This followed the good price of rubber and the increase in
in experts.
Becurities
British Government 21y), Consolidated---£46-7/15. alice, Conversions=- £ 507%.
Mar Savinia 1936783-2M-11792. 15. Seving 1960/20–£79-13/19.
35, Saving 1905/76-717.
Banks & TruGENTER Barclays Ord--873_63.
Temba Banking Orl-175 4.
Chartered Bank
Hongkong
Lloyds Ba
d.
Union Insurance-7-31/12.
Barmah Olf-38 kl.
Huyal Dutch-11-11/10.
Steels Engineering.
Malaya and Singapore import Hornetically everything" from harmonien t bulldozers-from West Germany.
The biggest single item is motor vehicles.
the first half of this During
Babeck & Wilcox Ord-31s 10%, year 38 million worth of vehicles
United Steel-871 93,
Vickers Orth... 2014 (81.
Industrials
Arue. Elce. Industries – bộ đế
A Portland Cement-
Boardina, Marco Gr
60.
British Motor Orde
Coats 13. & P.) Ord-S 7.
Curtaulds Ord--10s Pt.
De La Hur Ord-4 4d
Dunlop Rubber Drd-21t 754.
Elec, & Mur Industrie-44% 20, Ford Mutor On-13
Od.
Gilan Hollings) Ord—2% 715α
flawker Siddeley
were brought in. This
was
$2.700,000 more than last year, according to the Government statistics.
MOST NOTICEABLE Malayan exports to Germany amounted to $198 million from January to August this year ~ $74,900,000 more than for the
HONGKONG STOCK EXCHANGE
by
Our Own Correspondent
Business done at the Hong kong Stock Exchange this morni ing amounted to approximately 64,800.000, Noon quotations and the morning's transactionet.
Meanwhile, at the end of this month an official West German economie mission
nuyers gellers Shares will visit the Federal cuplat | IIK. Dərd ... 1300 1305 to negotiate an agreement for the protection of investments in Malaya.
ak, E. Ala German Lombardi Ins
An agreement on the prolec-
of German on
investments would pave the way for Gommin Arms to invest in industrial Malaya.
Exchange rates
Business
was done in the local
Union In
Sales
21 4 1325 170 to 1000
20 204
4234 4314
*120
33012
240
97,20
Wheelock XI V.10
Wharf Co.. Waterboat
1000 0.00 3500 t 1,90 1500 0.00 £500 £ 800.80 3000 2 4000 1.70 5000 1.70 4000 0.70 400. 107 200107 con
HK Dock
105
100
C. Provident 2120 2240
5.05 HX Hotel.. 15.82
42 $214
10002220 2200 22.30 300 at 22 38 2500 kr 23.30
300 $2
3.40
28.10 1.80
HK Land
unofficial exchange market this mor- ung at the following rates US dollars (per 911 ................ Sterling notes iper &1]. ... Australian nolos iper £
Great Universal-2 Lord. ! same period inst.year and $100 Indonesian rupiah (per 100) Imperial Chemales), Ont-72s 10ld. | million more than for the 1958
Rolls-Royce-4ïs fl.
Standard-Triumph-8 415%.
Unilever Om--151
4154.
Woulworth Ord-60s 754.
Mines
De Beers Def-ins s Prialing T-s ed.
Miscellaneants
Rownikker HongkongL
GO-154
Indo-China Def. Ord-20 101. P. 0. Steam Nav. Def-35% 1994.
-Hruter.
period.
Imourts from Germany telall- and ed $85,100,000 in 1058 $111,100,000 in 1950 while ex- Darts to Germany totalled $155,000,000 in 1950 and $223,900,000 in 1950.
Molnyu sold Germany $128.800.000 worth of rubber in the first half of this year-al-
Siami fele (per 100) Singapore (Straits)
Unit trust
First Hong Kong Fund. Buyor. Price: $1.03. Seller Price: $1.09.
LOEWE OPTA
MADE IN WEST GERMANY
FM/AM RADIO
1960/61
MODELS
KANTATE
Striking FM/AM SW. 7 volvam radio
with
2 convert speakers for HI-FL, wide reproduction, operate treble à bas eontrois with vigial mdiosion, Baskets for pictu tape recorder & extension peakter.
band
MALLORCA STERKO
Stereo PM-AM-SW combination, à vaiven, È wave bait, dual pano keybeard multching keye' for
Sole Agents:
FEHACO LTD.
R
^. ¿Distributor/Showroom MAGNIFICENT RADIO COMPANY Man Yee Building,
RHEINPERLE
7 valves. Wave Bonda; 7M, SW, MW, LW.
iuning Indicator, Magic light-band
fasdspeakers, Sockets for pickup. recorder and extension speaker,
LISSY
Yaumati Yount Bonus
Yaurad
305 106
00
091% 00%
500 4214
1500 $24
2000 42 1000 12 4214
200 00
3000 220
100. 2015
400 @ 70
400 70
200 7012
410 70
300 2014
270 20
200 + 70% 400 T 100 70%
1200 Kr.70
400 0 0015
400 18 23016 200 of 39 30090
200 u S 250 00 1000
the cornerus. American Photocopy added over
reserves
falling to
low point
Washington, Nov. 21. United States gold reserves
this week are expected to fall below $18,000 million (about £6,424 million) the lowest point for more than 20 years.
The Treasury reported today statement
in its regular dally
that the gold holdings stood at (£6,420,160,305) $18,000,066,742
In
on November 15,
lasuing the
statement,
Treasury officials indicated that
the reserves were likely to drop
CORTATIO
Fine achievement
by adjustable
wing aircraft
3 and below the $18,000 million level The adjustable wing aircraft, SB.5, built
Ampex added 14%.
United Artista rose a
point
within the next day or two
ORDERS
in the motion pletures where
In a bid to curb the rapid out- Twentieth Century-Fox gained flow .at gold and dollars, around 1%. Corn Products and President Elsenhower last week Heinz rose
more in 2 or
the issued a series of orders to the foods, Pepsi and Coke Jumped military
and other services government agencies to reduce overseas spending.
around 1.
Among the ralis, Norfolk and Western rose 14 and Western Pacific a point. Dupont, off around 3 at one time, came back to around a point loss.
Closing prices Abitibi Pwr. & Paper Alden Inc. Acy.
Algoma Steel Corp. Alled Chemicals Allied Mills Inc.
Allis Chalmers
A. Brake Shoe
American Airline
Am. Cable & Radio Corp. American Cyanand Co.
American Metal
Am. Natural Ga American Sinciting
Am Sugar Het. American Tel & Tel American Tob Ampex
Avlieston Corp. Baldwin-Lime-tiam, Baltimore & Ohio B. C. Tel. Co. Benguet Con Bethlehem Steel Dozing Airplane Borden (The) Co. British Amer. Oll Uritish Columbin Iws Calif. Packing Corp. Cana. k. of Comm. Campbell Soup Co. Canadian Pacific R. Case J. Co.
Cat, Tractor
Celanese Corp
CJT. Financial Corp.
Chrysler Motors
Communers Ga
573,
49
Although these measures are expected eventually to reduce by U.S. expenditures abroad
million
£357 $1,000
(about million) annually, officials said
bay they were not likely to any appreciablo effect until well into 1961-Reuter,
India's foreign exchange reserves drop
New Delhi, Nov. 21.
foreign exchange
3015 India's
4014
7034
Continental Oil of Del.
Creole Pet
Crane Co
4414
Crown Zellerbach
Cuban Amer. Sugar
14%
Delaware & Hudson Co.
2435
Diamond, Alkali .....
5014
7734
109
Drillers-Sangrame
Douglas Alteraft Dow Chemical ..... Dupont de Nemours Eastman Kodak
Family Fance Corp. First Nat. City Bank Ford Motor Co. of Cano, Ford Motor
General Dynamies
General Electric
General Foody
General Motors
Glider Co..... Grumman Aircraft Gulf Oil
Hammond Organ
Homertake Mining Co.
Husmor Rettig.
Idaho Power
Imperial Tobacco
Ingersoll-Rand
resorves
down arc
to
Mr
"rock bottom," the Financa Minister, Morarji Desai, told Par- liament today, and im port cuts causing "a good deal of hardship" wore inovitable.
new
by Short Brothers and Harland, recently (October 18) made a mark in aviation progress when it flew from the airfield of the Royal Aircraft Establishment (Bedford) in the U.K., with the wings swept back at an angle of 69 degrees. This is a more pronounced continuous sweep- back than of any other aeroplane in the world.
The aircraft, which flew after only one taxi-ing run, was airborne for 20 minutes. The plane was designed to in- vestikale problems of the low speed control pf iraneoric
valuable knowledge to super.... problems sonic aircraft design
landing, concerning take-off and low-speed handling.LPS.
superionic wing con/gumtions Ticket conveyor
The design of the aircraft al- lows for selling of the main- planes at three different angles
of sweep back and also for the tailplane to be placed, either on top of the An or below the rear fuselage,
A
at airport
documont ticket ond conveyor which will help The aircraft, which made its
to speed the document- Arst flight in December, 1982,
ation of passangers, has already been extensively
has been installed for tested at 80 and 80 degrees
British
Air- European sweepback, the most suitable
ways at London Airport. configuration suggested by the
and Designed
manufactured tcuts being embodied in the English Electric Lightning by a UK. firm it is built in swept-back supersonic fighter. eight boys, oach 10 Ins Short's say that because of long, and stands 0 ft. 3 ins, frein discharge end India's sterling balance fell in the extra power demanded by the flour, the
of 69feeding documents to the flight angle extreme the last seven months by 460 the million rupees (about £36 mil-degrees the Rolls-Royce Der-control desk. The total length lion) to 1,410 million rupees went engine
previously Atted is 62 ft. 2 ins and can be in- (about £100 milion).
The main conveyor structure "As our reserves are already has been replaced by Bristol creased if necessary.
These latest Orpheus engine.
with Perspex is of aluminium, dtown to rock
The bottom,
changes of wing and power unit "there is no have untailed much more pre- side members providing scope for running them further paratory work in the form of view of the tickets or documents
minister
down.
odded,
have thus
to depend wholly оп
foreign aid for Anuncing
development our
45 plans."Reuter.
(Lights).
HK Trom. 10 325
3234
1000 A 32
100 33
1003
Ch. Light 21.70 24.00
500 or 25
2500 21.20
200
21.00
500
24 O
Electric ... 28.00 20.10
Telephone
500 0000
29.10
Inland Steel Co.
29
Interchemical Corp.
30% 37
3000 37
In Business Machines
10037
10000 37
2003
Telephone
.
(Rights) 10.90 20.10
250 19.00
Co.
20
Kaiser Industries
BTL
5000
20
Lily Tulip
325
.50.10
120
201
1500 ur 20. je
Lone Star Cement Co. Lorillard P.
2700 BT
Lowenstein & Bone
McDermott J. Ray
1000 de BT
G.. Cement 60 k
Dairy Form 396 3312
Watson Allied
32
Inv.
three
Textile
tapy
de Luna FM/AM portalija radio (9 transistors) Built in Ferrite Antenna, with telescopio dnichna for VM recepijon.
:
Nanyang
•
A.
2500 BT
300 30 5000 23 500 33
500 3334 1500 20
13 1000 @ 25 8.00 28000 0.00 2000 0.50 1000.00
D.80 0.94
1000 0.83 1000 1.85
1000 9.80 2000 ur 583
indone
4500 B03 1000 ar 9.94
250 9.00
2000 & 9.00
2000 7 0.85
10.40 19.00 2000 10.90
5DO b 15.90 1000 15.70 Rubber 5.00 4.03 6000 CP 1.14 B0002.04 1000 5.90 2000.0N 4000.00 2000 6 0.03 BOG G7.03 4000 r 1.63 2000 FF 7,60 2000 7.60 BOO 05 -10065% 100 GB 100 W 0575
F. Trust
+4
7.00 7.55
Taikos Dock 03 031%
Humphreys 23.10 2515-
Realty
Slar
JAN
1400
Int'l Harvester
International Nickel
International Paper int's Tel & Tel
Johns Manv{1}¢
Eition Ind.
Lockheed Aircraft
McDonnell Aireratt
Merck
Mesabi Iron Corp. Minnesota Mining Montgomery Ward National Blacul Co. Nations Cash Rex. National Dairy Prod. New York Central Norenda Mines Lid. North Amer. Aviation Northwest Airlines (Com.) Oklahoma Nat, Cas Olin Mathieson Otis Elevators Owen-Killnads Glace Oxford Paper Co. Pacino Gas & Elec. Pan American Airways Paramount Picture Penn, S. Ca..... Philip Morris Procter & Gamble Co. Pittsburgh Plate Giass Partland Gen. Elec. Publicker Industries Pullman AAA
Radio Corperejno Reynolds Tobacco Royal Bank of Canade Royal Dutch ................. Bhorm Mg.
Sears, Roebuck & Co. Shell Oil Co... Befoway Stores
Saint Rer. Paper
Beat Per Biegler Corp.
Belale ...
Natural Gas
Bilth, Klius & French Bocorry Mobli Oll..... ben at 65% Southend 100008 Sperry (500 11 25.50 | Bländard, Branda 2000 21 2540 | Stendard Oj of Cal. 59025.40 landard of of Ind. 500 2.30 Bundand On of NJ.
Studebaker-Packard Corp. 1.00 1.25 G000 $ 1.00
1600 @ 1.30 Sunshine Béning 2000 + 1324 30000 1.00 100 101
179 181
Terry
15.23 10.40
Fot dis
1000 101
Texas Co
Textron Inve
Tide Wator Oil
Thickol Chem.
B00 11.30 Time Inc.
500 16.40 Travelers. Ins 100
200 g 15.30 Tri-Cup Worryin
16.40 Twentieth Century
1010 # 15.30 Unton Cattids
28.40 Union Oil of Cal.
Sugar market
New York, Nov. 21. World No. 4 sugar futures today closed unchanged to two points higher of salos of only two con- tracts.
Domestic No. 6 futures finish- ed unchanged with no sales re- 30 ported.
14
2311
The dull situation in both the world and domestic trade con- inued. Nothing is expected to be sold in the actuals market
00 for the present since the rela- tively heavy offerings are so far under the Cuban Government's minimum export price.
It was rumoured that Polish rows had been offered as low as 2.85 cents a pound.-UPI.
to
The
conveyed.
full
The drive compriacs
structural being detail drawings and modification than was necessary unit, at floor level.
a fractional horsepower. elec for previous changes of sweep-
iric motor, suitably tensioned, back.
driving an endless belt running Last November it was re-
per minute which ported that at the Royal Air- at 100 ft.
rollers DEENS over aluminiumS FRIT craft Establishment, borough, a new supersonic wing revolving on "Sealed for Life" farm had been designed having bearings. The tickets are "post- ed" at any one of eight posting a drooped leading edge. SB,5 has also been fitted with alois, one to each bay.
The manufacturers Y that a drooped leading edge in order
ascertain the low speed although the conveyor at Lon- characteristics of this type of don Airport is designed to deal wing form. Other changes in-with tickets up to 8 ins, deep, clude modification to the under the design could readily be to suit the altered adapted for using larger shoots, carriago centre of gravity, revision of or could be used for handling cards, records, End the cockpit layout and Instru-work mentation, and the fiting of a
types of documenis and correspondence which "zero level" election seat,
passes between departments in On April 6, 1960, the Short SC.1 research aircraft scored a large modern offices and fac- major break-through for Britories where speed is essentiri. toin in the field of vertical taka- Many variations can be mide off and landing. Design studies including reversing mechanisms, variation. directional have shown that a combination speed
numerous
CARETS,
of jet-lift engines and high changes and inclines, sweep-back may point the way additional discharge points and With stops for holding tickets for in- to supersonic air travel.
the Short SC.1 and SB.5, a full dividual attention.
The Bightness in weight and investigation into the charac-
of teristics of both jet-lift and high the manufacture standard sweep-back is being under-sections provides for easy and two research quick instalazion under almost taken and these aircraft are expected to add any reasonable condition.-LPS.
Yesterday's Closing
COMMODITY PRICES
RUBBER
NEW YORK
rubber futures
prices, all in cents per lb.
Νοτι
Rex
July
Hov.
BARNEBRA
LONDON
COTTON
Closing prices, all in sterling per long ton.;
Buyers Sellers
Tin
799
757
.700
LIVERPOOL
£2771
2211
Spot
3-monthi
Copper
Spot 4-month
-month
Closing prices all in pence per Load and half Nov. 03
Zine 2nd half Nov.
3-month
closing
词
1b.:
American Contract
Dee. Mar.
Oct.
Mixed Contract'
SUGAR
NEW YORK
Closing prica, all'.in cents per
·Contract No. 4 (world)
July
88228
FRASE
お
METALS
FOREIGN
EXCHANGE
NEW YORK
Closing rates:
Canada
England offelal
Austenith
30-day
New Zealand South Africa
Denmark
NEW YORK Closing prices all in cents per land
W. Germany “.........
400
3000
3000
1840
300 United Alterafter
Union Pacino alway
Ib.
Lane Craw, 4112 Int'l Invest
42 2300
JAR.
10 16.20 1000
Biar.
DOMINO STEREO
Ma
JUDY
Best.
IK & TE
Inweet
Noy.
Total Sales: two gonizácia,
Qiiman
Stereo FM/AM · D. Valves-wave bands 13 put" button twin chanel ampliflortion' with stereo balanta "control" "IsENT ^ulmest voord disaciger, 4 oppertʻppeskUTAJ (S
Vibro Amoy
CalKing
Zen dio
Ib.
Mar.
Bootl \NY_«x-duty) des Total Bales: none.
Lead Die.
200
Jan. Cloper Dio.
United' Fruit Ju 4112 United Gaal Corp. 10.23 100010220 V.B. Toll ""
UH. Gypeumi 1000 20-10 U9. Line: Co 1800 10.10 US. Rubber
US, Smelting 15.10 15.70 000 € 16.30 U.S. Stel uzerin
200 # 1815 | V.B. Steel Y PC. Pr -2.40, 5000 en 1,325|| Warner: Prom Que 2.40
2050 61 243-|| Werlinglique Elegirio 2000 m 2.329 Western Falon ra 06.
5.30
Winn-Dix Browni
3039 Woolworli (H, W.)
ATAB, Cuba)
3.00
4.08
Open Internet: 1.05% comYTwola, Contract No. UtdomostIO)
HotWay Bveden
Bwitzerland
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