Pagë Z
Wall Street
THE CHINA MAIL, WEDNESDAY, NOVEMBER 30, 1960,
shows
small drop Yesterday's Closing
New York, Nov. 29.
Stocks lost a little ground today but there
was plenty of selective demand around to create an interest at higher levels.
Chemicals were among the wenkest with most oft a poll or more and Easiera Kodaje t'own mound 2. All the motors loss fractions with Chrysler hitlik It new low. Electronies were inlard.
Barber, gained around 3 la fractionally lower all section and U.S. Steel held up a ferge
Rubber
company
wound up
The Chemor United Rubber Co Lid had its last meeting this morning. It was formally un- Hounced by the quidators that the company was itauld- ated voluntarily.
Lawrence
The liquidators were Messra
Kadoorie, 1fortco Kadaorle. Henry Rennie McPhall and Wilbo Clubind Welch.
Arthur
In the report of the company Yr in voluntary iquidaties, Welch said that all asets and abilities of the company had been transferred to the Rubber Trust, Ltd slave April 1, 1951.
Shareholders of the conany,
given one share of the Rubber Trust, I.td fur every three and a hot shares of the company they possessed.
were
Agreed merchant
rates
Canadian Maximum Selling
$17-1/6 Minimum Buying 17-
5/16 T/T 17% 0/D.
fraction tu burk that tap,
the frend la
Strengthening the Dow Jones Justrite average was. Inter- nafional Paper with a gain of close to 2. Owits-Hinols back:- with peint along
110
Mustapad - tiumywei Chuck Full O'Nuts, Metraw- 11 d up erutal 2 on new acquisitions plans.
Merck gabus around 19
1. mestist casier rug petion. 3 JB Around Revien cusmelies and Jersey Standard u fraction to a new law.
Closing prices
Algoton Steel Carg
Auer. & Fogn, Power Am. Natural Cos
Asbestom Corp.
of
Bark Montreal
Bank of Nova Scotia Beech Me Savers 1.C. Tel. Ca
Bell Telephone
Thitish Amer. O
PR Colombia Per
Cain. Bk. of Coun. Canadian Pacifle R.
Corning Glass Works Collated Paper Congues Gas Seule Pet
Bimanu Alkut
Distiller-Sengras
Dominion Störer Forte Corp... Georgin Pucifc
fico. Tel & Elenilway Great Northern Пleyden Newport Corp. Bram Waker Hussan Nettig.
imperial O.... Imperial Tobacco Kaiser Industries Lily Polla
Lollard P.
Narenda Manes Lia Olla Mathieson
1'enn. Salt Cu
Pitney Bowes
Fortinet Gen. Elec Puliman
Haytheon
Royal Bank of Canada Shenky
ne......
Sutra Pucific Ch
Suct Ch. if Conda Step Rock
Stone & Wolster Suwhine Meme
Testron Inc.
Tirloke Chein
Trader Finance
Swiss Francs Maximum Sell-Tri-Cont. Warrants
ing 75.
"Belglan
Selling 863.
Francs
W. German
Maximum
Deutschemarks
Maximum Selling 725.
US Steet 7 FC. PF
Waukesha Motors
: Westinghause. Ale Braktų
Wet Va-Pula & Paper Winn-Dixie Storen
Zenith Rudlo
a
No
COMMODITY PRICES
COTTON
LIVERPOOL
Clering prices ult in peace per
283826
American Contract
22.40
Dre.
Mur.
May
July
Del
Der.
Mixed Contract
Dec.
Mar
May
July
Qet
Dec.
AMSTERDAM
Closing prices all in fullders per kilogram, e.l.f. Dee.
No. rubber
Nu. 2 bb
No. 3 rubber
Nu. I repe
2.44 buyers 2.43 kr/A 2.37. buyers 2.09
METALS
NEW YORK
rise in steel prices expected
tomorrow
Cleveland, Ohio, Nov. 29.
The odds are against a price increase in steel on December I when industry wage rates go up an average of 8.4 cents an hour and total em- ployment costs rise as much as 13 cents an hour.
Sicel Magazine reported today, the low point to which it drop- that major producers reluctantly; ped in last week's Thanksgiving | agree the market will not sup Day holiday period. pert a price increase at this thing. They ore caught in a squeeze between rising costs and a weak demand,
Operations dropped 4.1 point? kast week to 47.5 per cent of capacity for a yield of about 1,352,000 Ingot fans.
Part of the drop came from
A price incrcase is certain as soon as muret editions war-time out for Thanksgiving Day are observance, but some slimmed vani. The anty questions
from shutdown of facilities until demand picks up.
the effective date, the amount
Closing prices all in cents per and which company will make
Ib,:
Lead
Dec.
Jan.
Zinc
Dec.
24,10
Jan.
Copper Dee.
Jan.
LONDON
SUGAR
NEW YORK
10.0
IN 197
11 45
i1.30
28.02 27.90
the first move. Increases prob- ably would be limited to 53 to $4 nion.
magazine
ro
The industry ported third quarter earnings of
on and
companies ktuel averaged only 3.4 per cent of sales. Several steel makers lost
Closing prices, all in sterling money and several others falled stock to cover their common dividends. Fourth quarter re- suits will be worse if nothing
to offset the employ is lone ment cost increase.
per long fon.
'Buyers Sellers
Tin
Spot
790
TOG!!
3-month
790
787
Copper
Spal
2301%
2003
Contract No. 4 (world)
3-month
...
22749
227
Lead 2nd mit Nov.
601
GUY
Closing prices, all in cents per
3-month
GT
873
Zine 2nd half Nov.
07
1b.:
3-month
13
BG12
-UPI.
Jan: 3.20; Mar: 3.00; May: 3.08 July: 306 Sept: 3.04: Nov: 3.01; Spot(F.A.s. Čubai; 3.23.
Tots) Sates: 57 contracts. Open faterest: 1.700 contracts.
Contract No. $ (domestic)
Jan: 6: Mar: 5.92;
N.Y. ex-duty): 0.
Total Sales; none. Open Interest: UPI..
Spot--CLE
147 contracts.-**
RUBBER
LONDON.
Closing prices all in pence per
FOREIGN EXCHANGE
NEW YORK
Closing rates England official
Po-days Australia
Others unchanged.
LONDON
19.30-19.361
11.7145-13.7152
SELECTED PRODUCTS
It is likely that a small steel producing company which is hard-pressed financially will
make the first move on in- creasing base prices of selected products,
Other
would follow sult.
Competition
companies
from
other materials and Imported steel are important brakes on
higher
prices, the magazine said. Ford that reason rome observers predict there will be no beruss- the board move.
Berup is resisting a fur- ther price drop, the magazine salt. Its price composite o!! the prime heavy. melting grade held Arm at $28.83 = ETOSA ton tor the third siralght werk.
Primary olurninlurn pre- ducers turned out 107,015. tons of metal in October and are now assured ca record pre- if output drops this month bad next. The estimated 1080 output: 2,010,000 tons.---UP!.
duction year
Even
HONGKONG STOCK EXCHANGE
The tonnage products such as carbon sheets, bars, plates 2.0100 and shapes, could best stand 2.0030 the increase, according to in- 2.2400
dustry experts, Items that could not stand a price rise are kong
Closing rater:
50
New York
2.00-13/16-2.80-15/16
15.;
Montreal
No. 1 má spot
225-234
307
Settlement home term:
30
Jan/Mec.
251-251
Apr/June
2376-2542
Amsterdam Brussels Copenhagen Frankfurt
2.7414-2.75 10.30-10.60!
139.47-139.52%
14014
July/Sept
252-25
331
Nov./Dec.
257-24
Liban
Oxi
20.
General markets, et, hats, ri
Purls
371
Der Jan.
23-2317
Stock alr
1931, Extate erept 11. Dec. -UPI.
Zurich
thick Dee.
THE UNION OF
SOUTH AFRICA
FROM
80.20-50.35 20.02-20,33 13.701-13.7611⁄2 14.331-14.6335 17443-1744 12.00-12.10
-UP).
EXPORTS TO THE VALUE OF £700,000,000 U.S. $2,000,000,000 ́M $6,000,000,000 H.K. $11,000,000,000
YEARLY!
And Is An Excellent Supplier Of Your Requirements Including :-
METAL INDUSTRIES
Steel, Iron & Pig Iron Mining Machinery
Rock Dritis & Tipped Tools Agricultural Machinery &
Emplements Industrial Machinery &
Spares
Motor Spares & Accesories Pipes, Tubing & Fittings. Taps, Cocks Valve.
Cast Iron Pipes & Covers Bronse. Bearing Metals & . Soldera
Bollers & Condensers Wire & Wire Ropes Bolts, Nuts & Fasteners
ELECTRICAL INDUSTRIES- Batlecies
Motors, Generators &
Switchgear
Cable & Conduit Transformers & Insulators CLOTHING & TEXTILES Ready Mode Clothing Fashion Wear
Footwear of all Kinds Blankets & Rugs
Worsteds
Wool, Raw. Scoured & Tops
PACKAGING INDUSTRY
Paper Bags & Paper Sachs Cartons
Moulded Containers Egg Trays
AND MANY OTHERS!
·SOUTH
RERICA
CUT OUT THIS COUPON AND SEI
The Senior Trade Commisalaner: for the Union of South Africa in Bus? Asla.
1st Floor, KPM Building, Robinson Road, Singapore."
Please send me the names and addresses
of South African Exporters of
The name and address of my firm is as follows:
by
Dur Own Correspondent
New motor-driven
ore carrier completed
Harland and Wolff have completed at their Govan shipyard, Glasgow, the Daghestan, a motor-driven ore carrier of about 15,900 tons deadweight for Hindustan Steam Shipping Company Limited, and the vessel has been hand- ed over to her owners on the successful completion of her sea trials.
The scrow carrier
two electrically- a singlocharged by Daghestan is
driven air compressors. There is diesel-engine-driven ore
air com- with the following also an emergency
pressor drivch by diesel engine, principal dimensions::
arranged as a single unit.
Length
lars 485
68 ft. 9 in
between perpendicu- : broadth moulded depth moulded 30 ft. 3 ins.: deadweight, approx. 15,000 tons; service speed 111⁄2 knots.
of The propeller is made
with four bronze manganese blades solid with the boss.
One exhaust as fired Spanner boller and one of fired Spanner
Having a poop,
forecastle boiler are fitted, both being suit- raked stem and
and cruiserable for a working pressure of 100 lbs. per sq. in. The latter stern the vessel is constructed
will also be used os
ปี
steam
on the ebrabined longitudinal accumulator for the exhaust gas and transverse system. framing with two longitudinal
of fired boiler.
bulkheads. A double bottom is Three & W diesel engine- itted in way of hold spaces driven generating sets are sup-
these Business done at the Hong- between
longitudinal plied, each having a continuoua this bulkheads, Stock Exchange
The spaces out-output of 220 kw. There is also tin plate, electricnt sheets, morning amounted to approxi- board of the longitudinal bulk- the emergency set installed out- barbed wire, nails, welded Intely $4,000,000, The morn-heads tubing, reinforcing bars, staining's quotations less products and tool sheets. fransactions;
Production this week will come back only purt way from
LONDON STOCKS RISE
London, Nov. 29.
The steady stream of selling anded on the stock market
and
noon only.
Sharer
HK Bank..
Buyers Sellers 1335 1340
Bales
13:30
1335
200
210
42 4219
.200 43
Bk. E. Asla Lombard Ina. Union Ins. Whart Co. Waterboal Wheelock
9.00 206 07 11.45
$161 008
1000 & 955
2000
9.63
3500
0.00
2000
9.25
1000 B
3000 of 9.35
UK Dock
112
113
100112
200 112
400 113
Ch. Piov... 22.90
23
500 kr 22.80
11:00 a 21
I & S.
Hotel
42
43
2000 g 424%
1500 43
500 4312
4000 or 43
09 691%
today as buyers moved in Land
fairly substantial
a
for recovery.
The mürkel opened steady but cautiously then took bet- ter turn with Industrials scen building up a long list of gains. Blue chipe shared in the Fully along with the recently hard.
and store. Strels tobaccos fumed,
Government bonds slayed qulet and gave up small frac 1ions through lack of interest while Grecis receded in The foreign rection. Dollar stocks cased in inte with the Wail Street netion,
to
Gold mining shares responded selective demand while
Yaumati
307
10A
Younati.
Bonus Bimbit
HK Tran
:::
3312
3CD P
BK3 €
2300 6f ED! 100 110
300 GT 200
50 101
300 03!$
24 1000 of 33
1000
200 33
2003 334
C. Light
20.80
PT 300
coppera were generally firm. 'Oils ware Bulls changed on the
day, Teas and rubbers drew K Elec... little interést and cased slightly.
UPI.
Closing prices
British Government Securities
3%, Savings 1605/03 00-1/10. Savings 10/75-7814 3. Savings 1903/13-7LX.
Banks & Insurance
IIK Tat
Ats
Barclays Ordinála Gd.
Chartered Bank-47 9d.
Cement
Dairy
Hongkung Bank-LOB.
Lloyds Bank-09 d.
Lombard Banking Ord-18s 1!4. Union Insurance-£774.
Watson
"OLE
Allied
Butmah -372 10.
Royal Duichi£17.
steel Engineering. Bahcock & Wilgax Ord-d33 7İĝo, United Steel-2 d. Vickers Ord de
Industriais
Assos. Eles, Industries—4ts $4. Aso. Portland Cement=00% 20. Boardman, Marden Ordf.ka nd British Molor: Ord=158 $150. Coats (2. & P.) Ordm858, 11, Courtaulda Ord--449.
De La Rue Ord-
ed.
Dunlop Rubber. Ord-31a,,
Elec.& MUS
Ford Motor Ordet ad.
General Electric Drám20s_Dd. gumen) Ord-29. 10148.
Woolworth
---
20.00 301
1300 20.30
Are for
water ballast side the engine room.
the
All the independent pumps accommoda- with the exception of the steam- The machinery, tion for the crew, and navigat- driver boiler feed pumps are
driven, alo ing positiens are all in super-electrically structure bulit aft: two large purisers for lubricating cit and holds occupy the middle of the fuel oil. ship and each has three large hatches.
A small hold with hatch is fitted at forward end and served by deric cranes. The large ore holds are served by quay side machinery.
The vessel has been built under Special Survey of Lloyd's Register to Class 100 Ai "Ore Carrier."
ACCESS
01
Engineers and electricians" storeroots are arranged
engine the port side of the
dilling room, and a lathe, machine, adið grinder are placed along the starboard uide.
There are the usual fuel oil and lubricating of storage and tanks service tunks and other
dre ar- for various purposes ranged about the engine room.
Means of access in rough. The machinery and boilers weather between aft, super-are constructed and installed to structure and forecastle is the requirements and survey of
double Lloyd's Register of Shipping.
through
bottom.
one
Ina passages
room
The electrical Installation is Ample and comfortable ac supplied by three 220 kw 220 commodation is provided for the volis D.C. Harland and Wolff crew. Each officer has a pri- diesel-engine-driven generating vate bathroom opeting directly sets and onr emergency set off his cabin, The wheelhouse comprising Ruston and Hornsby and chart room are combined, diesel engine and Harland and volts D.C. large navigation
Wolff 40 kw 220 20.30 having all round vision.
dynamo. These machines pro- vide power for electro hydraulle capstans and hatch winches, ele. engine room
electric. cooking auxillaries, geir, ventilation fans and coll storés refrigerating machinery, wireless equipment, gyro com- pass and pilot, echio sounding and rudar, navigation and all general lighting, etc.-LPS.
300 2016
900 de Falš COD 26.70 400 ir 20.70
1600 27
500 H 2130
A mechanical system of steering, ventilation in conjunction with
warm air heating is. Installed throughout to suit the specist
5605# 21:23 eoruitions of the vessel.
600 27.10 200 21.20 1000 27.10
TDG 7 27 1800 20.90
100 62 1800 20,90 500 m 30% 2000 & 30% 1800 G 303% 1000 304
500 G 30
.500 3715 600 37%
1000 179 Go 4372 604 20.10 127520.20
37% 37% 1800
03 01, 2000 a
13%
500 Gr 500 3334 0800 24
200 4 333 391 3811 300 3346
205431 Tax, 7.80
1.90 14000 7.00 2000 7.00 3000 7.00 8090 of 1.95 1800 7.00
6000 67,85
1000 9.60
Taxille
3.00 0.70
1000 st 7.60 1250 9.70
1000 9.05
6000 OF 9.50
2000 @ 10.49
Nanyang
Electric hydraulle steering gear is fitted and winches and capsians are electric driven.
Lifesaving appliances Include two Abreglass lifeboats. Alted under gravity, typé davits, -
The...propelling -- machinery consists of one two-stroke cycle, single acting, opposed pliton, eccentris, crosshead, tyde dlését engine of the latest if & W»B & W design, huving four cylinders 620 mm, bore with t combined strple of 1870 min.
Far Eastern
freight
London, Nov. 29. Chartering activity has been mainly centred around the The engine is tolatly en closed, forced lubricated, direct For Eastern section: of the reversing, with pressure induc-Baltic exchange today. thom, dead
drtunded for airless | AT IND injcetion to operate on Heavy The motor vessel Mimina has LƯỚI. THÁO engine is obupled been bookcod, for the mosement direct, to the propeller shafting of 11,800 tons of maize, in bulk and, will produce, the requisite from Dushim to three parts in power, with a service speed ([of] Jágan: and....the? slightly better about 118 revs per me becomker:16/January
mafute. kruid of 162/... who agreed for 10. load-
bedplate and frames are of fabricated sarl and the positio Eurust block is incorporated in cargo comprising: 11,300 1.40 1814 2000 1630 the after end of the bedplate.toms of soybeans was strong su
200 10.00
A. Hubber 6.70 52 3000 8.70
2000 R. Trust.* 12 7.35 3000 * 7.35
from
The cylinders and fuel valve obdana motor vessel Merchant de 10,40 ure fresh water Good, and in Boyal, fordi, morement 40001015 the plotori ere.cooled with coll Dairen-Shangat. rango to Lon 100 #1040 From the forced lubrication donio Docémpér. 1/20 poloh
system. The cooling of the and the tale bt, 06/- was agree Scriver part of the cylinder liferth havedpilon of hull dis- is by the slaveundira, air in the charge of 60 hit an option of Boháreme but incorporated Tooth ports discharge et 08/- an the entablature. Suitable coolers 10, and stowed terms with arranged for the fresh 1600 poinde, dispersements to ure waler, and the lubricating oil.
others éccburst.
1900 or 3,35
2000 730
2000 * 7.30 3000 1,30
800 00
Marke
Ord
4158.
fedifunton Ord-344, 754d. Roll-Itoyce-45# 100. Standard-Trinnpl-ds 3d.
Unilever, Ord
3d.
d
Taikoo Doek 4914 100
De bevis Daf-16
d.
Petaling Tin-
och Atlántilatedne
Realty
*09 1.915 63000.
D333
10000
disc என்
10 10.30
nowmaker Orgulha Téd.. Hongan
& China Que-15 Indo-Chile Def. C211, 20.
P.
ros%d.
O. Stern Nav.
Exchange rates
builoen was dota in the Ingat Int'l Invest. 101 10,03 unmetal exchange' märker following-testan
UB. dollar typer $1)-Wedding- Starting noter, (nwr) 63), ali Australian notar, (pie, AIN Tibenestan Hupikli (pek 260)' Singapore...(Strail)
at the
Gilmaltel
ENGINE
The notorvosset. Harmanitois was taken? for · 12,000 tona (or
Air is supplied by two ex-poybenty from the sore. range haust gas-driven Jurbo-blowers from Liverpool in December 2000715 for pressure Induction and for 9/9: position of 66/d with the
cavenging he cyllader at 6 | FOTO LEIMA ligg Add 85000 pressure of about 5 10.0 lbs per a carta of conti
cario of copta was dixed 1979 inch, the air, belag drawi aboara, the hawi 800 edo bald through, combined, filler silen for shipment from the Philip- cers, and dollvered through pares to the Antwort Humbling coolers to the common alt main ranger December, 10/31 which is confoćied to % "hw
bortion and the rimaner cari 61 scavengd balts, b
Thế Chrión, in kräftad. by ate Wardne front"two" 1485iVolrd. "Wurch ard
·