THE CHINA MAIL, TUESDAY, DECEMBER 20, 1900,
Record economy for U.S. in 1961, experts forecast
Los Angeles, Dec. 19.
The United States' economy will shake loose from a mild depression and begin expanding again in the next six months to make 1961 a re- cord year for total business activity, a group of economists from the University of California at Los Angeles predicted yesterday. Despite the generally optimis-
HONGKONG Wall Street
STOCK EXCHANGE
Our Own Correspondent
Business done at the. Hong-
keng
Stock Exchange this
morning amounted to approxi-
mately $4,420,000. Noon quota-
closes irregular
New York, Dec. 19.
tlons, and the morning's transac-The stock market continued to move irregularly in heavy trading today. Final statistics put the market a little lower.
tions:
20 1450
10 1430
Bhares Buyers Bellers Sulta In Dank...1430 155 50
1445
4
145
Automobile production ★ the outlook, 1901 employment
wit drop slightly, from may be somewhat higher and about 6.7 million cars in 1900 to stock prices and gay output (6.5 million, cars in 1961. slightly lower than in 1900, the group sald.
will prices 1. Consumer
continue to climb with predicted 1.3 polai Increase in
1450
Wholesale
priesa
will, stable with a
the Burea of Statistics-cost | Lombard
Wilact uf Ilving index.
Wheelock..
9.00 -0.70
Stock slightly
prices will Lo lower than the 1960 bat the low
4004
Dock
314
116
n
Union Insurance-X73%.
011
Burmah 01-20434, Huyal Dutcja-£125.
Provident 23.90 24.10.
HII Hotel ..
200 204
2500 0.70
1000 47 0.8I 1100 115 DOO TIR 10041137
20011 500 + 23.00 1500 a 24
1000 24.20 2000 40 24.10 2006 24,20 5000 24.10 1500, 24
42 4214 00 +42
1000 E $214
44 000 $14
lik Land
70 2514
1000 €2!4 6025 or 70 1000 714 330 69 7511⁄2
93 v 75
100 7515
3200 +4.75
Yaumati
... $50
120
200 + 140
400 or 117
000 « 138
Пonus
100 $12
100 110 100 111
C.
Tram
XD
200 112 2000 4 335
20.00 26.00 JonƏ 27 20,00 3500 de 20.00
2000, de 20.00 3500 or 21.00
5000 20,00
4500 26.00
Electric
20.40 30.00
3761
23.0)
· 333 + 29.00
Twenty-three profcators of 0.4 pprcase in the wholesale the UCLA, graduste School of price index of the Bureau of įrecorá high Business Administration made Labour Blatblies or about 0.3 will be rhly lightly under that the prediction thele ninth above the 1900 average. Annual auflock.
They claim
they have accurately forecast changes, in total Business petivity during the past eight years.
: - -
HIGHLIGHTS
Here are the highlights uf their outlook?
Gross. national product, which
lic monsures value of the total output of goods and ervices in the nation, is expected to rise from $504,000. million in 1000 514,000 mullion in 1961,
to
in-
Price Increases will pe- count for half the crer, so the physical output of foods and services will go up anly $5,000 million. This figuro is not enough to absorb normal; additions to the labour force, so unemployment will be greater in
1001.
lof this year. UPI
LONDON CLOSES FIRM
London, Doc. 19.
The stock market closed firm today with the holiday
mood restricting business. Shipping shares paced generally Orm industrial fist. Ford cased in an otherwise Arm motor section.
Gold stocks were mostly un- changed. Cuppers hardened,
Leading olls tended to mark time, but Reyal Dutch sipped a fraction.
Short-dated government bonds moved up, fractionally, Industrial production in Dollar stocks finished higher manufacturin mipretecting Wall Street's Friday and utilities, as measured by the { rally.-OPI. Federal Reserve Board indox,
will average 110 in 1961 com- pared with 109. in 1980.
Residential construction will increase next year with 1.3 million private houses being started. This figure is 50,000 higher than 1980. but 200,000 less than 1959.
Closing prices
British Government Securities 29%. Conscalated.........£44!.. 3. Conversion--£0.
Hanks &
Insurance Barclay Ord--bla 34, Chartered Bank--474 Hongkong BANK-27214. Lyds Bankg-706 34.
Lombard Banking Ord tyd.
Beels Engineering
Tabcock & Wilcox Ort-329 10łyd, United Steel-Ma 04. Vickers Ord-20s.
Industrials
A Joc. Elec, Industrier-40A, Assco, Portland Cement-60%. Gd. Boardmun, Mneden Ord-te Gl. British Motor Ord-158 134, Conti (2,4 P.) Ord--S& Tid. Courtaulds Ord-434 9.
De La Hue Ord-40.
Dunlop Rubber Ord-20% 10d. Fit. & MU Industries 43 Cd. Climan (toldings) Oni-24 10 d. Mark & Spentër “A” Ord-95 Reditusion Ord=584 7750, Boil-Royce-44# 3d, Standard Triumph-98 16120. Unilever Ord-146: 411⁄2d. Woolworth Ord-68x.
Mines
De Beers De-152 04. Petaling Tin-1 od.
Miscellaneque
Bowmaker Oid-19s 4140. Hongkong & Chma Gas--155. Indo-China Det, Ord-22 10754,
P. O. Sicat Nav. Def.--40% Rí.
Reuter.
Капи Watson Y Allied Invest, Texulc
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3300 # CS
200 ve 03
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31 2300 € FI
11.15
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$150
Joint company
planned
Philadelphia, Dec. 19. DuPont and Mitsui Petry
chemical Industries Limited of Tokyo plan to form
jointly-owned company to produce and sell high-pressure poly- thene in Japan, it has been announced here.
#
The company wil be known
Guins and losses of tractions 10 atout two dollars
were
rpotted throughout the list of key stocks,
Year-end transacions affectet the general trend and
there was little pronounced. group netion. Steels and mast alg crafts were lower, Cars were ahend on balance, but slightly.
NSPORTATION
Cargo ship's hull
is shaped for speed
Drugs posted some far mins. The single scrow motor cargo ship Willes-
Olis cared.
Non-ferrous metals, airlines, electronics and tobaccos were mixed.
The
market Was irregular from the start and remained that way although prices soften-.
ed toward the close.
Of 1,272 issues traded, 403 ad- vanced and 505 declined. Now
us Mitul Poly-Chemicals Com-ghs for the year totalled 30
and new lows 14. pany Ltd.
Capitalisation will
The Associated Press average bo $18 million with both DuPont of 60 stocks declined 50 to and Mitsui contributing. DuPont 219.80 with the industrials off will also supply process fre 1.10. and both the
ralls and formation and consulting 6eutilities unchanged. vices for design
Volume was 3.43 million shares (compared with 3.77 millon on
Friday-AP.
and training.
construction
The new plant, to be erected on an existing site owned by Mitsui, is expected to be in pro- duction by carly 1962. DuÏ'ont said the Japanese Government had approved the plan.-Chla Mall Special.
Nanyang XD 14.00 A. Rubber. 3.30
Rubber T
Tolkeo Docks
24 BIS 10000 5.55 1000 @ 4.43
5,05 1000 * 8.03
4000 5.0 7.40 4000 7.10 73 200 7215
200
22006 13
2003
200 or 72 800 7215
Humphreya 20% 23.70 2500 25.00.
500 23.60 Realty 1.023 1.95 54000 5 1.03
HKC CA.. 10.20 10.40
Metal Indust. 1.43 1.35
4000 1,075 350001.95
500 и 10
1000 10.3
700 00 1,50
Int'l Invest. 10.00 11 2000 @ 10.36
Ann Nav...
Underwriters 11% 11.30
H.K, & FE.
Gliman
Sie. Ferry 163
Macao Elec. 13.00 Lane Craw, $21
Entertain
ments
Cald Nack
„2006
*
3000 @ 1,29
Rebates
New York, Dec. 19. American Motors Corporation is to offer rebates to purchasers cf its 1001 models.
Announcing this Mr George Romney, the company's presi- dent, said the scheme would apply to all domestle pur- chasers, including fleet owners, with the exception of govern ment agencies. Foreign buyers are not eligible-China Mall Special.
Exchange rates
Business was done in the local unoMcint exchange market (315 morning at the following rates: U.S. dolinr (per $1)
Sterling notes (per £1 Australian notes (per Indonesian Rupiah (por 100).. Slam tiçnis (per 100) Singaporo (Siralls) ....
1)
Yesterday's Closing
Unit trust
First Hongkong Fund: Buyer Seller
Price: $1.00 Price: $1.13
COMMODITY PRICES
— — FOREIGN
EXCHANGE
LONDON
Closing rates:
New York Montreal Amsterdam Brussels Copenhagen Fränkturt
Lubon
Parts Stockholin Mlion
Vienna
Zurich
2.8034-2.00% 2.74-31/16-2.74-13/16 14.0134-1051, 130371-130,37% 10.334-18.33% 31.70%-13.7042 10.20-10.30 13.7815-13.707 14.30-14.591% 174938-1943 72344-72.377
METALS
NEW YORK
den, 8,300 tons gross, was launched re- cently by Barclay, Curle & Co. Ltd., Glasgow, for the British Steamship Co. Ltd. (Managers Watts Watts & Co, Ltd). With a length of 465 feet her hull den sign incorporates the result of the study of powerful fish.
She is the fourth ship built by this
yard for the Britain Steamship Co, Ltd and is of the closed shelter deck type. She has the accommodation for all personnel contained within the bridge erection with galleries adjacent. Large water ballost eapaelly is arranged in enclosed tonks on the weather deck to
L
Jetliner sets
world record
"
improve stability when the ship | A world, record hos boon.
in salted in ballast.
sot by a Scandinavian, Airlines System DC-80 jotliner which
flow
10,130 kilometer, (6,314 statute miles), non-stop. Angoles Copenhagen in 10
botwoon Los
A deep tank for the carriage of oil and latex is situated im- mediately forward of the engine room, and this tank extends from the tank top to the shelter deck and is strengthened by a system of three webs port and a centro line starboard and
Air-conditioning 14 bulkhead. provided throughout the ship Ind The DC-BC,
and
hours, 43 minutes.
commanded by
in conjunction with the air-Captain Sven Forberg, Sweden, conditioning system a hot water covered the distance over the heating installation is provided polar route with an AVVIPK
to give individual control in all ground speed of 950 kilométers
(600 milos) an-hour.
rooms.
5.70 The cargo handling arrange. The record Alght camo al- 15.33 menty have been carefully most six years to the day after 17.62 studied to give every facility SAS pioneered the world's fest
3.20
for quick and emelent handling polar route, Hiking Europe and 50.10 $101 of cargoes. Derricks and the United States West Coast. winches are arranged for 10-ton The Toute was opened on lifts at all cargo holds and 3-ton November 15, 1954. lifts at the docp tanks. Holds and tween decks are fitleg with
The glani aircraft was on a
flight from
centre line bulkheads and will delivery
tho
It
be provided with the necessary Douglas Aircraft factory. boards and Sttings for carrying was the last of seven DC-8C% delivery to SAS light and heavy grain cargoes. scheduled for
this year.
Special care has been taken in The plane flew at altitudes the layout of the dining room to ranging from 8,800 to 11,900 give easy access to and from the meters (29,000 to 37,000 feet). galley and pantry in which the SAS DC-BCH now link Europe most modern electrically-heated with North America serous the cquipment has been provided. North Atlantic and via the
The crew dining arrangements polar route. are on modern cafeteria prin- The Arst DC-8C service ciples and the cafeteria 13 straight over the North Pole, situated adjacent to the galley. connecting the Far East and Europe, Wis Inaugurated by
The owners have given spe- cial convidération to the crew
SAS Est month,
SAS DC-BC service Ink up
sccommodation and maintain with the airline's Carave}}c their tradition of providing nights throughout Europe and ship's the Middle East to form one of
Closing prices all in cents per cvely comfort. for the
Ib."
Lead
Zina
Dre.
Jan.
Dec.
Jun
Copper Dec
Jan.
0.5%
10.74
10,70 77.00 27.40
personnel.
Pubile rooms comprise dicing saloon, wite room, officers' re- creation room, crew cafeteria, crcw reeriation room, and poly icries fitleri out as sitting doonia for each section of the crew.
with Walls ore covered plastic material and all spaces 100% are insulated and scaled to pre-
LONDON Closing prices, all in sterling pre long ton:
Tin
Spol
J-month
-UPL
Copper
Spot,
12.00-12.0836
COTTON
LIVERPOOL
Closing prices all in pence
American Contraċi
23
3-month
Lead 2nd half Dec..
3-mont
Zinc 2nd half Dee,
3+1Bonth
Buyers Sellers
700 79334
704
$15
RUBBER
SINGAPORE
open
the world's largest purs-jét. networks.
OFFICIAL NOTICE
Proposal to change a Ship's name
1, SUI-LOONG PAO of 19 serve the air-conditoring tem- Java Road, 2nd Floor, Hong- 62634 peratures. /
kong, hereby give notice that airlin A permanent
consequence of change swimming pool is provided and of ownership I have applied there is a separate laundry and to the Minister of Transport drying room for officers and and Civil Aviation under Section 47: of the "Merchant Act. 1894, in The main engine is a single Shipping screw airless injection opposed respect of the British steam plston Barclay Curic-Doxford, ship HAPPY BUNSHINE of built in Glasgow.
-AKS HONG KONG REGISTRY cylinders of 610 m/m bora wa Number 108631 Gross
cruw.
combined stroke of
Closing prices all in Straits and Bted with a Bible in tons Register rejts per lb. La,b. Malayan tuner flywheel la danip it at fenugre 4118,7 tone, hereto, 8814-301) tncounter alone fly to ore RHB by The Sunalitud
per ib.:
Dec.
May
23.00
port
Dec.
24.00
Mixed Contract
No. 1 Jan.
No. 1 Feb.
23,0
No. 1 Jan.
No.' Jan.
23.00
No. 4 Jah.
2430
· Opal rubber unhaled
24.35
Blanket crepe
・ダ
No 1 pale "crope.
03-01
UPI.
torsional vibrations
Ou
B-86% The engine is of a plantingm 2377-84
lype with lower " plejada 04-8 2-12 cooled. The starting die pre 801-804% and the Umed fişi” Julèct
system are of the latest stopilg -LPS.
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Boje Agents: YASCO'S, 153, Tr Fit Marion, Kowloon, Tel: 01483,
HONGKONG, Wing Day Clank sp, Sincere, Bhul fiing,
"KOWLOONI
YMCA, Mohan's; (Air: Port), India 'EmporiuNE.
59 ring Company Limited, North Point Terrace, 2nd Heer, Hongkong, for permis- Pisa la change por name to MARINE BERCOVERER and to have her registered in the name at the Port of HONG KONG as owned by The Ace Shipping Co., Ltd., 4, North Point Torrace, 2nd Floor, Hongkong.
how
Any objection to the pro posed change of name must be sent to the REGISTRAR OF SHIPPING at HONG KONG within SEVEN duya from the appearance of this advertisement.
Dated at HONG KONG tha, 10th day of December, 1969. THE ACE SHIPPING COMPANY LIMITED
SUI-LOONG PAO,, ·
Director.