જીએસટી તા
THE CHINA MAÏL, TUESDAY, DECEMBER 13, 1960.
Wall Street shows Steel _stockpiles
New York, Dec. 12.
Stocks closed generally firm today to record ..
their fifth consocutive advance.
metola,
Bonda
་
volume
cils, Electronics, cosmetics, motion plcture, some to $4,110,000.- UPI. toods and scattered speciais took thu upside feature. Steels, Motors, Chemicals and a wide Assortment of Blue Chips moved irregularly.
around
Instruments rolled up Texas around 4% in the electronics adried well where Raytheon over a point, International Tel:
and *and'. Tel
IBM around 0. "MGM gained around 1 in the motion pictures nd Kerr-McCice 244 in the eik. Com Produde was a strong spot in the food intres pas gali of more that 3. For a point in the motorn, Armgp-ti point in the Steels.
Today's volume was 3,020,000 shares. Of a total 1.201 shares traded, 606 were higher and 300
lower.
American 1,100,000 shares.
P.O
Exchange
amounted
Closing prices
Abitibi Pur. & Paper Algoma Steel Corp. Allled Mills Ine
Am. Brake Shoe am. Cable & Radio Corp. Arner, & Foren, Power Art. Gas & Electric Am, Home Prod... Am. Much A Fury. American Metal Am. Naturai American Boeing
Amper
Area Steel
Armour
3021
fifth gain
Burroughs Add Machine ....
British Amer. Dit
Call. Packing Corp. Cans. k,' of Comm. Campbell Boup Co.
Procter & Gambla Co.
Portland Gen, Elec.
Publicker, Industries
Puttengi
Pure of
Radio Corporation
2017
Pitney Bowes
*
BB
Canadian Pacile It.
212
Care J. L.) Co.
Cat. Tractor
31
574
Celance Corp.
1785
CJ.T. Financial Corp.
CALE
Chase Manhat. Bank
Chrysler Mtotors
Colgate Palmolive Co.
Clurit Peabody
13 Colombian Carbon Co.
Corning Glam Works
Consolidated Eison
aytheon
Republic Bari"
beynolds Tobacco
6335 Royal Bank of Canada
koff | Royal Dutch
ang
Sears, Rosbuick & Co.
31 Sheil on Co.
Baloway Storen
Schenley Inc.
American Tub.
17880
Saint Reg. Paper
Anteronda Copper
041
£51,
Consolidated Paper
101
Boott Paper
44
Conti con
Des
18
5472
Sinclair Oil
Bierler Corp,
Continental Oll of Dat.
se
Bwith, Kline & French
40
Creolo Pet
27
Bocony Mobil oli
South Puerto Rico Sugar
671%
Crown Zeilerbach
497%
0347
Cuban Amer. Sugar
15
Delaware & Hudson Co.
Diamond Alkaji
จร
Asbestos Corp. Baldwin-Lilmu-Ham. Baltimore & Ohio
Bank of Montreal
Bank of Nova Scoils
Beech Life Savers
3. C. Tel. Co.
Hell Telephone
Beneficial Finance
Bendix Aviation Corp. Benguet Cona.
was Bethlehem Steel
Boeing Airplane Borden (The) Co.
ORIENT
LINES
EMBARKATION NOTICE
R.M.S. "CORFU"
Distillery Seagrams
331 Dominion Storea
ነ
Douglas Aircraft
Dow Chemical
Dupont de Nemours
Eastman Kodak
591 Pao Natural Ga
Ferro Corp.....
Georgia Paciße
General Dynamica
General Electric
Gen. Pub. Utel,
Gen. Tel. & Dee.
Gen. Tyre & Rubber
Glidden Co
Goodrich für
Goodyear Tymm
Co.
Great Northern Fallway Grumman Alterati Gulf Oil
Hammond' Organi
Bouthern Co. (The).
Southern Natural Cass
1P14 Southern Pacific Co...
#7 Southern tallway (Co. 48Sperry and
632
Biandard Brands
2910 Standard of Cal
157) | Standard Oll of Ind.
1846 Blandard, 011 of N.J.
11211 Siero lock
25 Blogs & Webster
48% Studebaker-Packard Corp.
624
7796
Bunchine" Mining
Bwin & Co.
Textron Inc.
Thiekol hain.
2016 | Tide Water Dil
51%
Traders Finance
Tri-Cont. Warrants Twentieth Century Fox Flim
364 Union Carbide
4
Talen Oll of Cal.
United Truit
50% | Us, Rubber
3214 US. Smelting
2316 ||-1.8. - Sled
US. Bleet 7 P.C. PF
Waukesha Mators...
Westinghouse Air Brake
Worlinghouse Electric .. wert Va. Pulp & Paper
Heyden Newport Corp.
Hrom Walker,
3.
Homeslake Mining Co.
4$ Warner Bros
Human Belzig.
17
Idaho Power
B
Imperial 01 E
301,
Imperial Tobacco
d,
Ingersoll-Ranti
49
Winn-Dixie Stores
Taland Steak. Ca, ... Isterchemical Comp
70
Woolworth (K. W)
301
Zenith Radio
Int'l Business Machines
190
57
EMBARKATION: The ship will be berthed at No. 11 Tarvers
SAILS:
BAGGAGE:
Pier, Kowloon Wharf. Passengers should embark between 2.30 p.m. and 4 p.m. on Friday 16th December,
1960.
The ship is expected to sail at
5 p.m. on Friday, 16th December, 1960.
Should be sent to the Hong Kong and Kowloon Wharf Co.'s Godown (No. 2 Gate), Canton Road by 5'p.m. on 15th December, 1960.
SUBJECT TO CHANGE
Agents:
MACKINNON, MACKENZIE & CO.
OF H.K. LTD.,
Telephone: 35211/9
MEMO FROM:
Burroughs P-600 Desk Lam Accounting Machine
Surrounha Non-Descriptive Banimatic Accoupling Machine
Burroughs Typing Sanaimatio
Accounting Machine
Burroughs Series M-Bling and
Accounting Machine
International Nickel International Paper In Tel & Tel
Johns Manville Co. Kaiser Industries
Kansas C Power & Light
Kimberly Clark
a
Werett & Myers Tob. Co.
Luy Tulp
Lockheed
Loews Incorp
Lonard P."
Lowenste & So
McDermott. Tay McDonnell Alperaft
Mesali Tron Corp. Monsanto Chemical Co. Montecatini
Montgomery Ward
National Cash Reg. "A Nallonal Dairy Prod.
National Blacuit Co.
Nationet Lead
National Steel Corp New York Central Noranda Mines Ltd. Norfolk & Westers Ry North Amer. Aviation Northwest Airlines (Com.) Oklaami Nat Olin Mathieson
Ota Elevators
Gon
Owen-Illinois Glam
theford Paper Co. Pacific Cai & Elec. -Pan-American - Airways
Paramount Pictures
Parko Davie Co.
Penny J. C. Co.
Penn. Salt Co.
Philip Morris
BORNEO SUMATRA TRADING CO. (H.K.) LTD.
Business Machines Department, 20-23 Caxton House, 1. Duddell St., Hong Kong. Tel. 27105
FULL-LINE BURROUGHS, BUSINESS MACHINE DEALER
If you're interested in increasing efficiency and cutting operating coate-there's a Burroughs job-fitted businesa machine designed especially for yout That's because Burroughs makes the widest range of data processing equipment available any. where. This includes a complete line of adding machines, cash registering machines, calculators, billing machines, descriptive and non- descriptive accounting machines, alectronic accounting machines and computers.
HONGKONG STOCK EXCHANGE
2034 Te
Business done at the Hong- kong
Stock Exchange this morning amounted to appro- *ximately ~•~ $1,010,000,-
a
Noon quotations and the moming's transactions:
Į
264
Shares Buyers Sellers
Balt
E. Azia
Lombard
Whart
at low level, journal says
Cleveland, Ohio, Dec. 12,
Steel inventories are nearing their lowest level in
a decade, Steel Magazine said today.
LONDON
STOCKS IMPROVE
Buycin
stock
Consumers were estimated to haye about 11 million tons in Inventory, less than they Ald at the end of last year's 110-day alrike. Inventories have been cut, by as much as eight million tona since April, making for aut average monthly reduction of more than one million tons.
SPORTATIO
New passenger
terminal at Southampton
Consumers were thought to A new passenger terminal at Southampton
be using up sicel at the rate of
about six million tons a month. They probably will get less than five million tons this month from
stockpiles ruppiles to
could shrink by
London, Dec. 12. tons.
roturned to the
0110 million
CAR MAKERS
ol
Q
sinft, H. M. shipping agents' Customs, Landing end-Water- guard staff, is provided on mezzanine floor facing the quay. The visitors', balcony which is above the offices. Immediately
Docks for ships operating on Australian and New Zealand services. has been opened. The now terminal is situated between Nos. 105 and 106 borths in the Now Docks and comprises a When consumers start buying exchange cou-
spacious reception hall, office accom- tiously and
mall as much steet as they are using in
the magazino said demand numbers today and the would increase by one million
covered modation, and
visitors' market Was somewhat tans a monti. To produce the
balcony. firmer than in recent additional tonnage, steelmakers would have to boost operations sessions.
Passengers smiling in two of селе to at icnat, GO
Britain's newest passenger liners, Investors were not inclined capacity.
the P. & C.-Orient Lines 45,000- to commit themselves deeply
ton Canberra and the 42,500-tun pending official government
Orlans, which are to be bored figures on exports and imports
at Southampton, will be among for November, due to be mast
The metal working industry the first to use the new facilities. is hested and in provided with public on Wednesday. However, weekly predicted that as tho
The reception half takes up sexis and retreshment facilities.. Industrial leaders managed to
first quarter progressed, ear-most of the ground floor of the A public address system operui- ed from the terminal control mark up a scattering of gains.
makers.
manu- new building and provides many
room can be used for either British Government bonds facturers and form equipment modern amenities for passengers
inct case steel including a buffet, writing deskę, messages or musle, and for call-
or taxis from opened quietly drm, only to producem will shed most of the plus signs be-purchases to build up stacks of a bureau de change, a fullweying private ears
stall and car parks. fore the close.
Anished goods for Spring, sales, hooking oflec, book
The 'decision of the shipping telephones. Comfortable sealing However, despite favourable is provided throughout the hall lines to base the new liners at
will trends in other industries, the The terminal, which replaces a Southampton
further first quarter strength of the steel small lounge provided when the strengthen the link which al- market will depend primarily New Docks were opened before ready exists between them ant on the carmakers.
the war, has its own raflway the Port. The F. & Ola conace- ·
to the mit nineteenth platform at which London baat tien dates back
century when thu trains will arrive and depart,
Office
wetm Outer Docks shipping line representatives, used nimost exclusively for their trade with the Far East, while the Orient Line also has a long association with the Port,
Leading oils improved, goid shares were quiet, coppers dull. -AP.
Closing prices
British Government Securities 1. Corsolidated~~€46.
3%. SavinA
3. Savings 1960/70-78-9/10. 3 Savings 1905/75-£7195
Banka & IpaRTAGES
Barclays On
Chartered Bank-10 Deta Hongkong Back-£725. Lloyds Bank--09
Lombard Banking Ord--15. Union Insuranco--£74.
Burmal: 011-384 d. Royal Dulen—6.149,.
Steel Engineering Babcock & Wilcox: Ord-327140. United Steel 70%, Assoc. Elee. Industrieg~~39. Assoc Portland Cement-669 1. Boardman, Marden Ords 0. Britum Molor Ord-154 Coats (J. & P.) Ord-50s 3d. Courtaulds Ord-435.
HK Dank~*~~~ 1420 1425 -----0-6-1420 | De La Rue Ord-368-1011⁄2d.----
Waterbost
Wheelock
Dock
Provident iik Hotel.. ik Land..
Yaumati
Подив
་་
Rights
TTAM
Fight XD
Electric
*
206
43
207 230
18-10
0.33 0.40 7000 or 9.45 2000 01 9.45
2000 9.40
5000
9.35
113 115 400
114
200
114
23.70 23,80
1538 gr 23.03
250 € 42
720
Dunlop Rubber Ord-201915. Elec. & Ms. Industries-494. Ford Motor On-141 d. Ouman folding 405 9.
Ord 10d. Great Univerwal Hawker Siddeley Ordine 1150 Marks & Spencer "A" Ord-92 OR-33 414d zd,
ROM-Roycets Standard-Triumph 10150. Unliever Ord--- Od. Woolword Ord-05 cu.
hines
De Beers Det-150s. Fetaling Tin- 30.
Miscellaneous
Bowmaker Ord-22.
Hongkong China Cap-15%. Indo-China Def. Ordis ii.
24.70
25.00
201 20.00 800 203942200
29.30
P&Q. Stenen Nav. Def.33.
Telephons
Rights 21 21:30
Cement
G11 Dairy Form 33% 32%
Reuter,
appliance
Although some mills reported more orders on their books for had for January than they December, the general feeling was that most buyers were con- centrating on Immediate JC- quirements.
The magazino also predleted that steel production would
at less than continue
30 per cont of capacity this work. Last week, operation's dipped slightly to 40.3 per cent for un ou pul of about 1,378,000 ingat tons.
The industry weekly's price composite on the prime melt- ing grade of ectop declined to week, $28.07 & gross ton last afer holding at $28.03 for four
Dur Ectop Wecies. Japanese
ship- chases for first quarter
ment were strengthening the. casters marky--UPI.
Dividend
Coìvilles
London Dec. 12. Limited declared a final divideng for the year ended September 30, 1800 of 10 per cent, making 10 per cent against 14 per cent previously, payable February 4 next..
for Inner and accommodatien
UK concern over
loss of contract
The opening of the new ter- minal is a further important stage in the postwar recons truellon of Southampton Docks, Since completion of the Ocean. Terminal for transatlantic liners in
modernization. of 1050,
facilities has -con- tinued, aŋkt“ în 1930 Secretary passenger and Cargo terminal Aviation, was provided at 102 berth for
London, Dec. 12. Mr Geoffrey Rippon, Par
liamentary
Ministry of
passenger
a. new
agreed in the Commons liners of the Union-Castle Line and from. South today with Mr J. H. trading to
Africa. In 1958 view passenger Cordle, Conservative, that
accomodation
was completed there was concem in the nt No. 31 Shed in the Old Docks British aircraft --industry and the building opted-today... at the loss of an impor- brings the total number of re- at the Port to tant Indian contract for eption halls
eight, and helicóptor transport aircraft recent-
heavy
ly awarded to Russia. Mr Rippon answered it was the Minister of Aviation's con- slant endeavour to assist the in- dustry's export drive by means at his disposal.
FAILURE
Subject to audit, consolidaled this contract net profit and other totalled £5,707,820 £5,673,091.-China Mall Special.
Yesterday's Closing
all
Mr Cordle sald: "We have lost and a certain income amount of goodwill through la- against emciency and failure to seize an opportunity. Will you take steps with the industry to see that this failure is not repeated."
COMMODITY PRICES
024
1000
200
400
་་
Watson
Aufed Invest. 37 8.30 2000
1000 3000
0.56 0.00 2000 ↑ B
Jan./Mac.
2316-2016
Apt/Jung
253-25-7
4000
1000
8.00
Nanyang
15.40 19.70 3000
75.00
2000
16.00
1133
500 a 15,00
8.00 4.70
1000
FORLICA LACHANCE
July/Sept.
251-253
Nov./Dec.
2591-2017
General markets, c... basis, ports:
239-251
fan.
2554-2515
Equate crepe Thin
273.8
Remember- whatever your business, whatever it size, we have @ Buthoughs Beesimeestd Machine that will meet your fact
Requirements! Whey not call us today?
BURROUGHS BUSINESS MACHINES BALED AND OBRVIOR
Textile
A. Rubber. Tubber Talkoo Duck
Really
2000
7.15 7.50 1000 07.20
71 7114
.... 2.025
1.05
BK GAR.. 15.00 10,19
K. & L.
Inv.
***
Gitman 2.475 3.525 $500 Underwriters 1115 11.30 Int'l Invest. 20.00 10.00 IT & VE.
15.20
Humphrey 23.10 25.00
Ferry 102 Macao Elec. 12,40
Star
Kane, Crpw, 40%
100
Exchange rates
40
Business was done in the local unomeist
exchange market
NEW YORK Closing rates: Canada England official 30-day
90-day's Australia New Zealand
LONDON
Closing rates: New York Menin Amsterda
Copenhagen Frankfurt Labon
Calo
Paris avockholm
this
Vienia
-morning of the following Talpy.
UB. dollar (per
Sterling notes (per Australian, petek, (per 21, Indonesian Rupiah" "(per
Siam tiesla ((për 100) Bingapore (strata)
No trading
279:
37.50
20.03
101
New York, Dec. 12.
Quick Jan, 2015
AMSTERDAM
Closing prices all in guilders
per kilogram, c.l.f. Jan:
No. 1 rubber
Ná. nibber
25000
No. 3 rubber
2.80-31/16-3.80-13/10
10.48
RUBBER
SINGAPORE
Closing prices all in Straits gents per, Lob. Malayan Officials of the New York ports: 7 Colton Exchange ahnounced No. 1 Jan. auspension of trading today dùa | No. 1 45. to the mow storm in the New No. Jan. York prog-AF,
Unit trust
Ho: Jan,
No.: Jan.
Epot rubber. unbajed Blankel cred
No. 1 pale prepe
LONDON
07-0776 2012-0413
No. 1 crepe
247 buyers
2.43 buyers
2.40 buyers
2.64 buyers -UPI.
COTTON
LIVERPOOL
Closing prices all in pence per 1.
American Contract Dec: 22.70; Mar: 1295) May: 23.30; July: 23.03; Qet: 24; Dee: 26.10.
Dilxed Contract Deo: 22.30; Mar: 21: May: 23.00: July: 240: Oot: 24.30: Dbat 24.50 UPI.
METALS
LONDON
1
PAA criticises study report
Washington, Dec. 11.
Pan American World Air- ways today issued a state- mant criticising a study of international air services, released by the White House on Friday, which Mr Rippon added the negolia- advised against adding to tions had not yet been finally
competition between Unit- concluded. He would not expect
ed States airlines in both the purchase from Russia of number of aircraft to set a pat- the Pacific and Atlantic. tern and he hoped the United
study, prepared by Kingdom would remain
United Research, privatp main supplier of aircraft to In-organisation of Cambridge, Mas dia.-AFP.
the
UK on supersonic
airliner
London, Dec. 12.
Tho
sachusetts, recommended that Par American should not reccive righīts: to cast.coast terminals for its For East ¿CT- vices. The Civil Aeronautics Board examiner had recome mended Pan American should have such rights,
Pan American said the study report recommendations in this matter were neither appro- printe nor sound" and were pn
A spokesman for the Society | attempt to tell the president
of British Aircraft Con- how to decide the pending caso
structors said here today and how to act on other per- the British government
was
"very
kuen"
trient lasues.
The study by United Research to said that to long as most foreign collaborate with some allies were operated for com other country on
the martial purposes, the United States should continue to rely
devolopment of a super on private airlinen and not asic
sonic airliner.
"They don't pay with whom," he added.
The official was commenting on a report in yesterday's Now York Times that talks between British and American authờri- Flicy on such a collaboration
yould go on this winter.
"It would be quite useful to work with the Americans the spokesman sold but pointed out difficulties In worlding with a partner 3,000 miles away.
MORE WORK
them to provide unprofitable political or defence services.
a
The report added that a do- Farture from commercial. ob- Jentives by any kinportant bloe of foreign carriers should be the signal for a review of tho United
baslo Blaten! -potleles in this field.
Among other recommenda tore made in the study were:
There was
insuficient traße
extension to support an
of Trans World”... · Airlines from Bangkok to Hongkong and Tokyo,
Meny people In Bettain delt Competition by two United that such collaboration should States airlines at London, Parts be carried out within Europe, and Romo would continue to he added. Others considered
he warranted.
It would be Leller to work wilir: No additional clues in Europe the American because they were or the Middle East warranti
Closing prices, all in sterling! more advanced and had more | pcrvloeg by multipla · United
per long ton
Tia spot
month
Copper spot
thinh
zimdath
Dec." Zhodes till Dec.
Closing prices all ja pence per ft halt
First Hongkong Fund:
duper firice Seller Estee
$1,00 1.13
No:
Estuipment "house (asm)
money.
J
No recond around-the-world
When supersonto airliners bo- inter nirimes, Iyer il cane operational there words
cly be room for about 100 or dyles to compete with Fan
American was warranted. the them at ito very most, spokesmoda mich. Because of]
There was Insufficient traffic competitive servico
their speed they would be able to justify
to do much so work thon betwrap the United States past the lower speed airer,China coast and the Far East by way
* Int Alorka-Bevlar. Mail Special.