Укот
HONGKONG STOCK EXCHANGE
by
Our Own Corresp
Business done at the Hong-
morning amounted to appro-
ximately
quotations
ti ansactions;
Lot. Reg. 1600
Whart Taikoo Dock
212
THE CHINA MAIL,
A WORKER'S REWARD IN EIGHT COUNTRIES
Manufacturing Industry
ESTIMATED
ESTIMATED
AVCHAGE: HOURLY: AVERAGE" WEEKLY.
EARNINGS
Stock Exchango
$1,050,000, art the
this Noor mom/ng's
HOURS WORKED
BRITAIN
6s 3d
46.1
sharer
Buyara Soliera
FLK Bank
1705 1700
BL 70
401793
1101703
USA
19s 2d
40.3
1821299
40+ 0
SIK Bank
Lombard u
W. GERMANY
5s 6d
45.8
200
20
TO
noo er 722
1400 75
400 u 7515
400 475
BELGIUM
5s 3d
44.2
139413",
610 18.49
FRANCE
5s 2d
44.9
000 181
4000 or 12.10
2000 - 12
3000 11.00
ITALY
4s 5d
447
HK Dock
120
130
100 130
309
130
8001 6 27.30
100 67 27.40
HOLLAND
4s 10
46.4
1000 14 27.30
11 Hotel.. 44%
45
2000 e 15
JAPAN
2s 3d
50.0
JK G
...
18.49
400 73
$400 + 75!
10% 10g in
Wheelock 11.00 11.00 7000 $2
C. Provident 21.20 21.30 42 i 21.40
IIK Land
$1.
12), 03!
Taunali Younati (Now)
107 IM
150
130
HK Tiam. 53 35
100 40 5004014 500 45
200 31 400 (
100 na
1821
200 136
44 12
100 14
400 (-2
100G Y
250
4. [אך
Sun 35
Ci
1.2ght 230 20.30
=
200 20.40
500 60
4:00 201
EOD M 1400 m 29.70 SOOK DE 20 76
1500 29.40
1000 ur 29.2 1100 or 32:
303
17000 32
1500
Electric.. 31
Telephone 447 4474
_{New}
G.1. Cement
500 44
-dan Express Service).
NEW YORK STOCK
MARKET
The following are today's
stock market:
Closing prices
Chernles)s
200... 45
po 441
Allied
72
1706
All Chalmers
2500
Daley Farm 35!.
36
500 F 30
Am. Gan & Biverie
500
36
Am. Mach. & dry. American Melat
American Sinesting
WO:918.... Allied Inv..
9.10 1.13
2000 2 0.05
1000 9.10
Textlie....
Aner. & Forg, Power
Anpewica Copper
Nengang. Amal. tub.
1300 13.00
7.15 1.20
100 N 301.
2014 36
2000 1.10
2000 o 9.1A 300
9.15
3000 440.JU Booě ná 8.20
22000 40 81%,
2000. B's 2000 - 1.21) 2000.R.19 1000 or 13.80 2000 13.70 4x720 707 5000 71% 5000
Ant. Sugar Hef American Tol & Tel
American Tub
Anne Strel Armour
Baldwin-trim-28 uzzi
Bendix Aviation Corp.
Cat. Tractor
Celanese Corp.
4 5.10
:
PRICES
New York, Feb. 6. prices on the New York
McDonnell Aberaft
heat fron Corp.
atenteertin)
15
WJ
TUESDAY, FEBRUARY 7, 1961.
London Japan, Germany stocks ahead of U.S. in
advance some methods
London, Feb. 6. Stocks today resumed last Friday's advance ond showed favourable prices buyers found the market short of stock.
.01
cat recently Jaded THE
advance Joined the equities white gold mining equitics favoured the downside.
Blue chip gains were offset, however, by drops in engineer ing stocks, textiles, stores and
breweries.
In spite of a strong showing by General Motors and Standard Oil, dollar stocks tended duil.
into reverse on Golds went news of a sharp drop in the free market price plus the absence of any lead from the Cape, where a new market was being opened in Johannesburg-UPI.
Closing prices
British Government Sceurikes 2 Consolidated 12-13/10. 3%, Converxion-£57. 2. Bavings 1955/65-903. cor. 3. Savings 1060/70777. 3%, Baving 1965/13-70%.
Overseas Bande
3%, German Duwen)--LOU!. 37. Japanese, Amented-197
Banks & Insurances
Barclays Ord-69 14. Chartered Bank- Du Guartian Akrutango--135 d. Jongkang Dank-£891⁄2. Lloyds Bank--73
Lombard Banking Ord-for $1. Brilih Petroleuin-128. Jumal C-42. Shell Transport Ord-1434 Br. Royal Dutcli~£13-15/19. Utfransar Company-30% Get-
Steels & Engineering Babruck Wileax Ord~~31. Harland & Wolf Ord-20s 41ad. United Steel-12x Vickers Ord-d.
Electric
Acnoe. Elee, Industries--405 Gd Mec. & Mun industries-4k 3d. English Eircle Ordi. General Electric Ord-in D,
Industrials
Arsoc. Portland Cenient-75 1015d. Dunlop Rubber Ord-23 3d. Turner & Newall Ord-02 10120. Unilever Ord-1578 3!4d. mternational Computer-725 d.
Boardman, Marden Orda Horax (Holding)-20% 150. Carreras "B" Ord-43 450. Fine Splaners Ord-la Gihnan (Holdings) Ord-370. Josuar Cara Ord-81s 30. Moor Empires Drd-12 d. Rediffusion Ord-40% Gd. Spicers Ord-37 10d. Standard-Triumph-11. Wighting Teape Ord-943 04. forestal Land-12 3d. fundson's Bay CS-7/16. Westland Aircran-15% 9.
Chemicals
De La Rue Ord-50% od.
Tobaccos
Brish-Amer. Tub. Ord-001. Imperial Tubbacco Ord-70s 720.
Motors
Brill Motor On-17# 40. Rolls-Royce Ord-434 36.
Hawker Siddeley Ord-20% 3.
0:4
24
$50xd
2271
Montgomery Ward
car.
Maturula Inc.
BUT,
10
National Cash leg. "A"
75
Mi
151
National Dairy Prod.
174
Sauma Læmi
13
X
New York Central
17
CA).
on Mathieson
€25%
3271
11330
Os Ervators
6314
Owen-itnog Glass
12!1
Pacific Gas & Elec.
D
4011
60 xd
Eu American Airways
2014
421
Paramount Pictureg
1414
Price Dwiz Ca
Baltimore & Ohio
301
Penn. S-1
Co.
31%
Beneclat Finance
3627
Pullip Morris
04:5
Pablicker udustries
37
Bethlehem Steel
44
Boeing Airplane
40
Radio Corporation
Monsanto Chemical Ord-26 4110, Imperial Chemtrai Ord-795 100. Paper
Campbell Soup Ch
Republic Steel
Bowater Paper D-44 kl.
Canadian Pacing Care (J. 1. Co.
Ski Tobaven
to
When Ma.
Sears, Roebuck & Co.
apis Shell Oll Co.
46
Cloyster. Moturs
Saint Reg. Paper
3813
GOOD 720
Colgate-Palmolive Co.
3
Bent Paper
INST
Colombies Carbon Co.
50
Sinclair Qu
431
Consolidated Ellion
Seceny Mobil O
49
Crawn Zellerbach
53
South Purrio leo Sugar
17
Stithem Co. (The
30
Southers Nahiral Gas
33%
Southern Railway (Cont.)
74
Sperry Hand
20512
Standard Brands
210
Stautard Oil of Chal.
33
Standard Ol of Ind.
51
Siamrard 01 of NJ
4
71507.
80. Steep Hoek..
75%
75
| Staff baker-Packard Corp.
T
3315 | Swin &
167
Texas Co.
401 Tide Water Oil
Twentieth Century Fox Film Then Carbide
1261
P. & C. Steam
2014 Union Pacie
alway
30%
Stoll Theatres-pa 11⁄2d
4:34
Mines
300
50515
2
GO
3)
BY
4014
4011
-UPL
Lane Craw 4535
47
2000 47
00042
Gentral Electric
Rub. Trist 3 03
1.10 4009
3000 8.10 1.10
2000 201
1000 20.40 2.10 213 050002.875
Humphrey 4130 200
Healty
JIK & FE
Gilman
2000 2.475 300012 15
2000 2.113
GOD 4 2125 100002210 10000 2.125 3000 2.15
15000 2.133
17.0 18.10 301 10
343273 6000 320
70003275 10000 30 31 10000 3.273
Kelantan Underwriters 12,10
Inti lay.
13 13.0
Union Whoat 30% Star Ferry 20
Call. Mack
(Ordi Vibro
2010 32 92000 er 3.270 150003
Cuban Agier. Sugar
Diamond Alkal Dougten Airerati Dow Chemical
Dupont de Nemours
Fastman Kodak
Family Finance Corp. First Nat, Chy Nank
General Fed's
General Mulois
Gen. Pub. Unl
Caulden C
Goodrich . F.) Ca. Codyear Tyre Heylen Newer Corp. Homeslake Mithing Ca Ingersoll-Rand
Inland Steel Cn.
Int'l Business Machines
Int Harvester
International Nickel
40X3275 International Paper
1000 2.15
In Tel & Tus
Juha-Manville Co
Kansas C. Power & Light Kennecutt
Kimberly Clar
Loews incorp,
405 | Umart Arenait
45% nitrd Frulf 207 | linked Gia Coral
US. Gypum
5. Are Co
40 S. Buyer 31.5. Smelting 47lus. Steel... 41, 1 Apr Bret
Westing115.0
Wertern Union Tel, Cu. Wfworth (K.W.)
Inv.
230
20
200
643
Lockheed Aircraft
321,
ศ.
Lone Star L'ément to Lowenstein & Sons,
15'
P.O
ORIENT
LINES
EMBARKATION NOTICE
R.M.S. "CANTON"
EMBARKATION: The ship will be berthed at No. 1
SAILS:
BAGGAGE:
Pier, Kowloon Wharf. Passengers should embark between 2.30 p.m. and 4.00 p.m. on Wednesday, 8th Febru- ary, 1961.
The ship is expected to sail at 5.00 p.m. on Wednesday, 8th February, 1961.
|
Chl=
French currency
reserves exceed foreign debts
Paris, Feb. 6.
Textiles Calico Printers Ord-151 195d. Coats J. & P.) Ord-60s ind. Courtaulds Ord-13. Lancashire Culton On!—60ɔ 34.
Blores
Great Univemal Ord-62% 3 Lyons (1) "A" Ord-944 74. Marks & Spencer "A" Ord
Wool (F.W.) Ond--60+ ffyd.
Attccettaneque
Bowmaker and 2% foijd. Hongkong & China Gas-1. Indo-China Def. Ord-23 30. Land Securities Ord-20
Nav. Det.40s
De Beers Def–155. Hic,
Peiling Tia-Ra 10d.
Rio Tinto Bester)-£3-6/31.
- Roan Antelope
Welkani Gold Baper-5 71,0.
Western Holdings—148% 15
Rubbers & Tes
4120
Anglo Indonezina Pent,-- 30. Ceylon Tea Ord-204 34. Imperial Tea Ord--14 od Kuala Lumpur-Kepong-da đủ. Lambak Rubber-450.
--Router..
ANSPORTAT
of production Airline will cater
Washington, Feb. 6.
Some nations are "running rings" around the United States in the modern-method produc- tion of certain goods, Commerce Secretary Luther G. Hodges said yesterday.
Both Japan and Germany have developed superior Indus- trial complexes, he said, And America will be in trouble un-
les
is busincases becomes more competitive.
Carolina The former North Kovernor said U.S. firms already export are priced out of the market in aome fields, such as soft goods and electronies.com. ponents.
Calling for a
strengthening
of the Industrial machine, hu sald President Kennedy pro. bably will recommend a pro- businosa tax revision
which ould help bring this
He said he personally recommended to Kennedy
the depreciation
to various
Textile continental tastes
market
quiet
New York, Fob. 6. about. The cotton textilo market
bas
was quior today, with #molt
spot business in other print cloths and fabrics noted.
change schedule
in
businesses
in make
more
U.S. competitive
with other
nations who
now
are far superior "along certain lines,"
television
BEST EXAMPLES
Hodges said in a interview:
"The economy of West Ger- many and Japan are two of the best examples of those we have alded in the past and who now inve
machine эл industrial more modern than ours,
"Until we can take the other 50 per cent of our industrial machine in this country and put eficient, competitive basis, we are going to have trouble. But if we do that we are going to be in better shape." Bringing this about, he said, to challenge labour In "going for cutting out featherbedding and restrictive practices of other kinds, and doing a better job of productivity."
it on an
He said
the United States
must carry on its interna- tional trade "If this country la going to maintain is loader- ship."
On domestic questions, Hodges said he didn't see much hope for lowering the cost of living in 1981. But he did say attack the government should the spiraling Increase of costs and wages.
CAR INDUSTRY
He agreed that there
would
be a struggle in the car Indus- try this year.
He indicated that both sides, labour and management, would be told that "there are certola situations including this inter- national competition we must mee" and that he hoped thu would have "some effect on both sides."
Bidding persisted for print cloths
As from this month, Air India introduces "continental modifications" on their food catering for passengers in flight in response to the growing need of passengers from Europe to Hongkong.
The now innovations In All catering renders it possible for the airline to satisfy many tourists
arc who European coining Eust
increasing in numbers and yet insisting on food of French, Spanish, Italin and even Russian origins,
The catering department of airline has been kept busy for third and fourth recently for a complete change- quarter delivery but they were over as a result of one-and-a-
research into rejected in most cases, accordiinginif years to markel observers.
RELUCTANT
Mills were reluctant to sell for ahead at current levels be- cause they expect to pay higher prices for raw cotton from the 1981 cotton crop. A possibility of another texule wage increase was also a restraining influence on mills.
The wool goods market was dull,
In synthetics, the feature was a continued good demand for rayon fiament fabrics although at levels under prices generally quotest by mills-AP
Bid to take
over Ghana
gold mines
London, Feb. 6. A London firm of merchant bankers said tonight they had been authorised by the government of Ghand to lay before gold mining companies in Ghana pro- posals for the acquisition sharo of their entire capital.
Ghana."
FUTURE
problem by Mr J, M. C. Helder, n Dutch expert-with a quarter of a century's experience alr- line catering
to
From now on, All can nol only enter the Muslims, vegetarians, puritan vegetarians who eat only what grows above the earth surture, und ordinary Asiatics, but also all Frenchmen, Italians, Spaniards, and even Russluna.
Civil engineering equipment for tran
An Iranian firm of contrac- tors has ordered two road surfacing machines and a mobila rock crushing o U.K. cn- piant from gineering company.
'The unita pro tractor- mounted paying machines encl capable of leging a level and uniform surface at a gute of 80 (British) tons of material an hour.
The tractor unit is a 08.9 hp. diesel with six speed box. The machines will kay from five to 43 feet a minute and depths can be varied from 1 inch to six inches. The width of the surface laid is variable from three feet lo 12 feet.
In operation, the drive among the new the cutter compactor bar the Khosher hydraulically controlled.
And
arc
The
road
for
0
A specialty innovations is
plants are also sulted for: meal--a diet prepared by process in which no part of the and runway surfacing and
touched by the "po" work, where surfaces food is ever human hond,
have had to be disturbed.
The crushing machine is This is made rendy specif- complete
which plant cally for Jewish passengers who handle material
straight from formerly would fly with their the quarry or be used to inch own stacks without touching Д process begun In another
the airline's catering,
Dearth of orders for a few years
Now York, Feb. 6. The shipbuilding
throughout
tho
a
can
are
plant. The crusher jaws
with 24 in. x 24 in. x 10 in.. 10 in. crushing rolls, a three deck vibrating screen, and side delivery conveyor. It weighs nearly 22 tons and output is be- tween PD and 120 tons of ma- terial an hour.
fol-
The orders were placed industry lowing a visit to Britain by the director of the world managing
faces the prospect of a Iranian Arm, Ekbolan-LPS. dearth of now orders for
at feast the next few yours, Mr David Brown told
the 99th annual moeting of the American Bureau of Shipping after
his re-election as Presid- ent of that body.
Boac reduces
cargo rates
or
Shippers using Boac services are now able to fly froight between the U.K. and North America, and Lon don and Tokyo (via tho Pacific the Atlantic route) at reduced rates. Trans-Atlantic specific com- between London modity rates
have been re- and Montreal
U.S. duced an average of $ centa per kilo, bringing them in ling with those between London Shippers may Mr Brown pointed
out that and New York.
Eclect the gateway US shipbuliding last year was now also marked by
Merchant tonnage in the world fleets is now at an all- time high, Mr Brown told
of the group, noting members particularly that all tankers comprise atmost
a third of the total and that the postwar development of ore carriers has now reached a peak.
The Arm-Philip Hill, liggin- son, Earlangers, Limited-sald In union agrees to holy in a statement that they had "the financial wage demands down, he said, been examining
problems affecting certain sectors the car companies should be
of the gold mining industry in told to do the same thing with I prices.
feels Hodges sald Kennedy
itself can that the country move forward, and move for- Tho statement continued: word vigorously." But at the The
of Gliana Government moment, he said, "we are in intends to discuss with The
a transition from nearest their delivery point even bad shape. comparatively, and mining companies the
futuro think Mr Kennedy's idea was
freighter if that entalis erosting the U.S. mines tanker building to these management of to tell the truth about cer and will, in
consultation with production. China Mall Special. Canadian border. 'fain phases."'—UPI.
them, seck to ensure continued employment for the present managers
COMMODITY PRICES
RUBBER
AprJune
LONDON
2314-24
2311-24
2337-54
Oct. Dec
afar.
and
warkers
Ghand both
Europears
in and
African."
The companies concerned in- clude Biblani (1927) Ltd,
24,75
24.00
24.85
-UPL
METALS
LONDON
Closing prices, all in rterling
Closing prices all in pence per For the first time since the b
No. 1 na spot ........... and of World War Two, Bettlemeni house term: Franco's gold and foreign | Mar. currency reserves rose at July/Sept.
24-2014 per long ton. 2416-2414 the end of January above Nov/Dec. Jan./Feb.
2416-241% General markets, c.l.f. basis, ports: the country's foreign debt, was announced here
2831 today.
25
it
Feb. Mar. Eatalo Creрo
25
min Feb.
thfek Feb.
No. 1 rubber No. 1 rugher
No. 3 rubber No. 1 Tepe
Buyers Belleza
Tin.
spot
737
3-month
*pd
7001
231;
Copper, sjot
notli
221
Lead.
woot 3-nonili
ZMr.
#pot
0014
3-montli
--UPI.
All unchanged
UPL
As of January 31. France's
AMSTERDAM monetary retærves increased to $2,143,000,000 slightly above the Closing prices all in guilders foreign debt which amounts to per kilogram e.l.f. Feb.:
thall half $2,109,000,000, more of which is owed to the United States.
*During the Should be sent to the Hongkong & French reserves rose Kowloon Wharf Co.'s Godown (No. 2 200,000 spite an antielpated oł $17,100,000 Gate), Canton Road, by 5.00 p.m, on rehnbursement
representing the remainder of a Tuesday, 7th February, 1961.
doul incurred within the former Europtun Payments Union for Los made by Austria, Dres nark and Norway.
SUBJECT TO CHANGE
Agents:
MACKINNON, MACKENZIE & CO. OF HONG KONG LTD.
Telophone: 35211/9.
como
monui, by $73,-
At the end of the
month, France's foreign debt stood as 10 follows: $1,000,000,000 owed the United States to be reim- bursed by 1807; $220,000,000 to the World Bank, repayable up to 1075 and $310,000,030 to the EPU, repayable within the next four years-AFP.
COTTON
LIVERPOOL Closing prices ail in pence
American Contract
per lb.:
Mar.
July
73.20
200
217
2140
Dee. Mark
21113
2452
Mixed Contrzel
230
23.03
FOREIGN EXCHANGE,
LONDON
Closing rates: New York..... Montreal Amsterdam Brussels Copenhagen Frankfurt Lisbon Oslo
Binckholm
| Milan
Vienna Zatich
9.00-1/16-2.80-3/10. 277-11/10-3.77-13/18 | 10.896-10.00 110.72-139.77|| 19.3476-19
00.30-6,30 2001 13.7746-18.727% 1440-1447Y
Railway firm's offer accepted
Cloveland, Feb. 6.
Amalgamated Banket Areas The Chesapeake and Ohio
Lid, Aristos Gold Mines (1920) Lict, Bremant Gold Dredging Co. I4d and Ghana
Main Reet Lid--Reuter.
Layoffs at car plant
In addition, the range of freight covered by "commodity rotes between London und Tokyo hos been extended. These special low rates apply to shipments of 45 kilos (99 lbs) ór more.
Commodities lo which this special scale of chargen applies Include apparel, office machin
Railway has won accept- anca of its exchange offer cosmetics, optient goods, costume jewellery, compuling from holders of at least 64 machines, electrical appliances, por cont of the shores of chemicals, drugs, musical Ins Baltimore and Ohio Roll-truments, machinery and tools. These reductions in cargo road, Walter J. Tuohy re-rates had 1001 as another year ported today.
of improved facilitles for Bont's freight customers. In 1900 the Corporation was able to offer better equipment, greater capa-
Tuohy released the results of preliminary tabulations follow- Ing a board of directors mireung here. The C and ✪ official said that "through the exchange of
Chlengo, Feb. 6. American Motors Corpora- C and O shares for Band
tion announced that it will shares the two aliroatis will the first close down all automobile/become allated as manufacturing operations step to merger." The c and O is expected shortly to pelltion at ils Milwaukee and the Interstate Commerce Com- Kenosha, Wisconsin, mission to hold hearings on Its plants for one week start-panding application to acquire Ing today. Some 20,000 stock control of the D and O
UPI, workers will be idled. Upon roturn Lo work on sche- February 13, production dules will be cut nine per cent and a number of employees will
be laid off indefinitely.
Roy D Chapin, executive
Record
exports of office equipment
vice-president of automotive Duting 1960 Britain's offica
gakl the latest operations, closing was to bring feld "realistio" Inventories Inlo aliment with: einrent spies.
American Motors production currently is running 1,718 unita daily-China Mail Special
Unit trust
Flest Hongkong Fund: Buyer Price: $1.18,
Seller Price: $1.20.
elty, increased flight frequeneles as well as lower rates than its freight customers had previous- ly enjoyed.
Marples on flags of convenience issue' London, Fob. 1. Minister of Transport Emest Marples today rofusad to approach the Now Ameri- - administration the controversial question of "Flags of convenienco" until he was ready to do
can
10.
on
machinery Industry in- Marples told insistent opposi- creased its exports by 25tion questioners in the House of por cent ovat the 1959 Commons about ships sailing under fløys of convenience that figures.
even the British Shipping Coun- Exporis for the 12 months ell heid only faint hope for ending December 31, 1900, effective international action at
were 23 million, as against this time.
£27 million for 1950,
Leading qustomern
#ło sald, he would "certainly move" lowand consultation 'and were discussion with the United States USA, and other foreign countries, but Canada and Wekem Germany, only when he thought li ́ was
worth while. UPI,
Australia, South Africa,
LPS.