GET THE CHINA MAIL,
THURSDAY, FEBRUARY 9, 1961.
NEAR RECORD U.S. HONGKONG New firm will guard LONDON
EXPORTS LAST YEAR
Washington, Feb. 8,
The Commerce Department announced today that United States exports of domestic and foreign merchandise in 1960 were valued at $20,409,-
STOCK EXCHANGE
Our Own Correspondent,
700,000, on amount preylously exceeded only on Stock Exchange this in the record year 1957.
Exports that year were valued
at $20,800,000,000,
Exports in 1960 were 10 per cent higher than in 1980 when they were $17.021.400,000.
Exclusive of mitfury ship- ments, the United States export total for 1900 was $ID,550,000.- 000, an increase of about 19 per cent over $18,304,500,000 in 1930.
United States exporta Ir. December 1000 were $1,790,300.- 000,
the about
as. in Бате November.
SIGNIFICANT CHANGE Milltary shipments in Decem- ber were valued $53,300,000. down about $20,000,000 from November, The 1800 aynun) total of milliary shipments was $010,200,000.
November to Decem- From ber, 1980 United States exports Increased In seven of the 11!
of commodities, Inajur groups The signilleant changes were an incrusse In exports of textile fibres and manufactures and a decrease la exports of inedible
Abri's products except
and wood.
The expart Loday were
statistics issued by not analysed regions pr countries.-UPI.
TEXTILE
MARKET
New York, Feb. 8.
textile market
The cotton
was steady today mills reported
Chicago
grain
market
Chicago, Feb. 8. Soybean futurer ranged both ways today from previous closes on the Board of Trade, but the market in. clined toward strongth most of the time.
After absorbing a small ac- cumulation of selling orders in initial dealings at slightly lower prices, buying turned up slowly increasing volume and the market in the afternoon whe up more than 4 cents from s lows of the day.
Business done at the Hong-
morning amounted ximately $4,000,000. Noon quotations and the morning's transactions:
Share
Bayer
British
interests
in
#
space race
London, Feb. 8.
+
tom A £20,000 private company has been form- ed to guard Britain's commercial in- terests in the "space race.”
Bear
Bales
201706
201705
NK Bank.. 1005 3810
Lombard Inc. WHATT Co.
45
Taikoo Dock 7515 7
JIK G
Wheelock
HIK Buck..
201000 260 1000 8 10:0 70005
2000 + 70!! 1-420
100 10.30 4000 10.30 11.00 1190 2000 # 11 ♫O 17000 1100 130 131 300 ir 109 1200 ir 1:0 1000 ** 131 300 133 100 or 143
400 6 31
300 303
400 102
1000
133
1000 or 133
200 40
1500 ch 1000 45
400 LẸ 03
200 03 100 133
1200 48
300 i
C. Proven 27.10 37.20
Ili fotel .. 442% 4013
1250
1500
SOU
100
in
HK Lamd
Ex. Ris.
13
Younali
Yaunay
[New]
135 130
120
130
40120
100 or 12
HK Tram
Ch. Light
20.00
341 34
20
300 344
મ
100
Telephone
44% 44%
Soybeans gained mementum in the final minute of trading and closed 1 to 015 cents a bushel higher. March 2.173-4; wheat Electris..
lower to a higher, March 2.30%-11; corn to 1% lower, March 1.16%-%; pats to 3 Jower, March 65%; rye 1o 1 cent higher, March 121—AP. |
some additional purchases by COFFEE FOR JAPAN
converters of print
cloths for
second half delivery this year. Spot business was small,
Order for wool goods were limited.
In synthetic goods, spot sell ing and also for deliveries into
Tukyo, Feb. 0. Japanese importers will be permitted to purchase $700,000 of coffee, including in- worth
coffee, during the 1901 strut
the second quarter were report-scal year starting April 1.
ed for rayon Alament fabrics.- AP.
Earnings
South Bend, Ind., Feb. a. The Studebaker-Packard Cor- poration announced its earnings for 1000 totalled $700,850
of
nine' cents share, compared with 528,544,338 or $4.30 a share a your previously. However if effect is given to full conver- sion of the company's $4 con- vertible preferred stock to an additional 5,5 rallion ordinary shues on January 1, 1001 the
4419 200 1000 47 4415
4414 500
Industrialist Sir Robert and which believes the use of Renwick thumpalgner for a Space willin the ext British Commonwealth space decades "breuine a major key prograintne-announced the for. to the continued properly of ination of the British Space the United Kingdom and Con- Development Company at
maventth, both politically and press conference,
Industrially
Is alm is to bring tog.ther a repra cntative eross-section of that part of the British Industry which la interested in the de- velopment ant exploitation of space for commercial purposts,
Three-for-one stock split
STOCKS GAIN
London, Feb. 8. Stocks shook off yesterday's! hesitancy and want up-. wards spurred by more tako-over rows, Gift- odgod jocurities improved. Brewery shares blazed up, on a major merger plan, steel and
engineering equities went ahead but motors stayed unsettled. Many small gaing went to the leaders, including Courtaulds, Dunlops. Imperial Chemical Industelts, Unilever and Wool- worths,
A furry of buying sent gilt- edged sharply higher with gains "running up to 9/18ths terting. The company hopes to pro- War loans 8 per cent, muller- vide an organisation to discussing from recent American sell- with the Government and co-
int, pained £12 to 2:57 operate in any proposals the
Dolla
singles moved lower administration may make with
but Chryster bucked trend and regard to a UK and Common-
gained point. Forelgi bonds wealth space programme.
"We believe the money in space in more than any man ever dreamed ofile colossal," Sir Robert said.
9/16th.
featured firmness in Greeks.
Gold mining issues went ahead, at first but the movement lost most thrust and they gave up I of their carly galns. Weat African mines improved on
Coppers were
Sir Robert Britain's war-terms of the Ghann government's time Controller of Air Commu- takeover bid. nications described the con- firm. pany ng "a springboard into space,"
It would, he said, be directed successful and at ensuring a economic entry into space through a unified effort on the part of British Industry,
Chicago, Feb. 8. American Photocopy Equip- ment Co. is planning a three-for-one stock split and boost in the dividend rates, Samuel G.
The firm has the support of eight major concerns
repte- Rantbord, chairman, an-senting Britain's "space poten: nounced.
talvith the likelihood that other companies wift joln.
A
The proposed split is subjcet to approval of shareholders at the annual meeting on April 11. I approved, the split would become effective on April 14, Mr Rautbord sold.
{Now)
CI Cement.
Dairy Furt 3312 30 1000
711
72
an
0100
Watson... 47 47%
Amal. tub.
Allied Inv.. Textile Nanyung
1000
100 G 0.20 D.10
3000 7.05 7.43 13.00
7.13 7.20 70500 un 2.10
7000 7.15
Ful
A
****
The import quota was on- Rub. Bouneed by the Ministry of Hunghreya International Trade und In-Realty
dustry today.
The amount
three Is about
ilmes more than the current
Star Ferry. scal year totaling $224,000.-L., Craw... AP,
Net loss
New York Feb. 8. The General Time Corpora-
net tion reported a
Loss of
д
earnings per share are equal to $721.238 in 1960 despite record sales of $80,509,350. The loss of compared with profit $1.819,729 in 1959. when sales totailed $59,101.987.
five cents against $2.37 a share for 1950.
Sales in 1900 fell by 16.0 per $323,226,633 frum $387,372,375 a year earlier, -- China Mall Special
cent
Unit trust
First Hongkong Fund. Buyer Price: $1.18. Seller Price: $1.20,
Mr D. J. Hawthorne, Presi- dent of General Time, altributed the loss principally to the cost of developing and expanding the corporation's business and to the decine In general business activity during the last nine months of 1859.--- China Mall Special.
AMENDMENT OF FERRY SERVICES DURING
CHINESE NEW YEAR PERIOD
THE INSIDE HARBOUR SERVICES WILL BE EXTENDED
AS FOLLOWS:—
Jordan Road Serviço
(Vehicular & Passenger Ferry) Wanchai/Jordan Road Service
Mongkole Service
Shamshulpo Service
Kowloon City Service
WUmer Street/Shamshulpo Service
OUTLYING DISTRICTS BERVICES
Cheung Chau Servloo
13th Feb. 1941 14th Feb. 1941
up to 3 s.m.
All night
of the 14th service
up to 3 am.
of the 14th
up to 3 azn.
of the 14th
üb to 3
a.m.
of the 14th
All night
servico
up to 3 a.m
of the 15th
Up to 3 M.
of the 15th up to 3 a.m. of the 15th
up
to 2
of the 14th
up to 2 4.m. of the 14th
of the 15th
up to 3 a.mI
The 4 am. ferry from Cheung Chau to Wilmer Street via Aberdeen will be suspended from 14th February, 1961 to 17th February, 1881, both days inclusive,
The 8 pm ferry from Wilmer Street to Cheung Chau via Aberdeen will be suspended from 18th February, 1961 to 10th February, 1981, both days inclusive,
Tal O Service
The 3 am ferry from Tai O to Wlimee Street via Aberdeen will be rumpended from 14th February, 1001 to 17th February, 1001, both days Inclusive."
The 4 pm. ferry from Wilner Sirpat to Tai O via Aberdeen will be suspended from 18th February, 1981 to 10th February, 1091, both days toclusive,
The Excursion Ferry to Tal O will be operated on 13th February, 1801
Leaving Jongkong at 8 afp. for Tal O calling en routo at Tung Chung tauning or Tal O at 5 pm, chiling en router at trong khung,
9.0% 1000 11.05 28 28.30 2500 6 20 30 2.10 2.15 30000 m
5000 42.165
2000 2.15
40000 @@ 2.775 2000 2.15
220
0
250 a 222
401 402%
200 40
500 24
500 60 24,40
600 @ 24
5000 6 214
Vibro
Поре
Kelantan
2000 2.30
Gilman
37.45
345 20000 @ 3.425
Underwriters 12.30 Int'l Inv. 13.79 14 irk & FE
Inv... 17.00 17.40 Uniors W'boat 301 Entertainment
9. Hong 207 Amoy Can.. 45
12000 3.4
12000 6 3.475
4000 3.475
1000 317
4000 3.475
INTERNATIONAL
not
In the event of Britain going ahead with her own pro- intended the gramme, It is company will preserve for Bri- "proper share The split is contingent upon tish. Industry
increase
national and authorised of in
inter- common shores from 3,000,000 national benents deriving from to 10,000,000. Currently 2,478, the development
shares ort outstanding.space." American Photocopy directors
535
the
The scheme
arti Ise of
would possibly
have also authorised on Increase reach international proportions,
in the quarterly dividend ra'e to 20 cents on present shares ferm 1834 cents, Mr Haulbord
said.
The first payment at the new rate will be paid on July 1 to stock ch record June ใน Assuming approval of the pro- posed stock split, the payment will amount to 1/3 cents on each split share-China Mail Special.
Sir Robert said.
"We believe that the gentle- men adventures of space have vesi a much bigger chance of wealth in the Real Eldorado of the future than ever did the adventures of the Hudson Bay Company
India of the East Company," he added.
He said the companies parli- cipating
Associated Electrical Industries, Associated Television, British Insulated Callender's Cables, Decca Radar, the Do Havilland Aircraft Compainy,
the Rank
were:
Hongkong shipping, Organisation and Rolls Royce.
engineering guide
The third volume of the 30000 e 3.45 Hongkong Shipping. Engineer
ing and Aviation Guide for 1960-61, which has just been published, contains informative articles and reports dealing with subjects from plle driving to FM broadcasting in Hongkong.
Exchange rates
Business was done In the fogni (worieial exchange maricet
morning at the following rates;—
U.S. dollar (per 31) Siering noter (per EU), Australian noter (per £11 Indonésum Tuplah (per 100) Slan ticala per 1001 Singapore traits)
Ahle
10.03
6.72
1208 *27%
20.20
100
The neatly-printed book con- tains 120 pages, including a 10- page classified section.
Car order
The announcement sald the passibility of the company be- coming an international concern was strong, because no enterprise in the world had yet been en- visaged where such a wide cross- section of industry had come together to pool resources.
COMMUNICATIONS
Sir
Olls went up, all the leaders showing plus marks by the Anal belt. Royal Dutch Shell ended at £14.
Rubbers found favour tens improved.--UPI.
Closing prices
and
Krittch Government Becurilea Ala. Consolidated- £42-13/18, 30, Conversion-£57-7/10. 3. Savings 1955/85-CD6-27/37, Bavings 1960/70-773- 3. Saviga 1003/75-70-3/18;
Overseas Bonds German Dawos)—£. Jadenero, Antented-15011.
Blanks & Insurances
Barelays Ord-
Charlured Dank-44 3. Guardian Amurance---120 0. Hongkong Flank-£01. Lloyds Bank-74* {!
Olla
British Petrolewis-531,
umah O-433. Mayal Dutch-14.
Strels & Engineering Babcock & Wilcox Ord-30% 6d. United Steel (12 30. Vickers Ord-25 30.
Elveltie
Asoc. Elec. Industries--476 D. Elec. Mua. Industries-15s, Enalisis Electric Ord-341 34. General Electric On-324 3d.
Industriais Aroc. Portland Cement-763 435, Dunlop Rubber On--24s 150. Tumer & Newall Ord--818 16. Unilever Ord-150 3:4, Boardman, Marden Urd-Sa 05. Borax (Bokings)—As 10t69. Carreras "B" ORI-is, The Spinners Ord-315, Gilman Foldings) Or→3$ 10% Javor Care - 34. Redifusion Ord-438_ad,
Standard-Triumph-106. Wiggins Chemical
́Ord-55v 415.
Forestal Lanc-12 34. fundacu'a Bay-0-0/10 Westland Air±raft-15x Gd.
Manto Chemicala Ord-25
Imperial Cheinical Ord-71a 3d.
Paper
L
KNSPORTATION
Order placed for
British cable-laying ship
An order for a new diesel-electric cable- tons laying ship of about 8,000 gross has been placed by Cable and Wireless Ltd, with Cammell
Laird
and Co. (Shipbuilders and Engineers) Ltd., Birkenhead, It will cost approximately £1,900,000,
Cable and Wireless say it will
be the first British cable-laying!
ship originally designed to lay Admiralty contract for
and
handle modern types of deep-sea communications cables with repeaters, including the
kind to be used in the 20,000- mile Commonwealth round-the- world telephone cable,
for:
The order provides construction of the electrie pro- pulsion machinery and dicsel engines by the English Electric Co. Ltd., and of the forward
Johnson cable gear by
and Phillips, Ltd.
The new chip, which will be] the Arst cable-layer to have been owned by Cable and Wire- less Ltd., will join the fleet of seven cable repair ships in the summer of 1002. It will have a maximum speed of 10 knots, with a steaming range of 8,000) miles and a sea endurance of 60 days.
The overall length will be about 460 feet and the breadth 58 feet 6 inches. The carrying capacity will be 1,200 miles of telephone
coaxial
lightweight cable with repeaters, or 1,500; miles of conventional telegraph cables.
A distinctive feature of the ship will be two funnels abreast, which are needed to allow the 44. extensive cable working spaces to run through the super-struc- ture without obstruction so that cable work can be carried out at, either bow or stern. The ship will be fully air-conditioned for work in tropical waters as well as' in colder climates.
Bowater Paper Ord-859 39. La fue Ord-60s 94.
Tobaccos Brilish-Amer, Tob. Ord-651 Imperial Tobacco Ord
Motore Bellish Motor Ord--178 411⁄2d, Rolls-Royce Ord-43s Dd. Hawker Siddeley Ord-Mi klid.
Textiles
Callen Printers' Ord-15E INA. Couls (3. & P.) Orden504 34, Courtaulde Ord-43; 19d Lancashire Catter Orde
Stora Great Universal Ord-624. Lyone (J) "A" Ord-15. Marks & Spencer "A" D:d-90s
7td
Woolworth (P.W.) Ord-50: 44.
Miscellaneous
Bowmaker Ord—2ts 64. Hongkong & Ching Gao-K Indo-China Def. Ord-235 30. P.&O. Steam Nov. D<f.—4]#
"If we are not in space, Lon- don will cease to be the centre of the world so fur 49 com- ¡munications are concerned,"
Robert went on.
AL present communications had very nearly reached their limit. Steps had to be taken to ensure Britain did not become the victim of a "space mono- poly" when present types of communication" London, Feb. 8.
became
abso-41d. The Nuffield organisation an-lete, he said. nounced today that its distribu- Sir Robert described televi- tors in Bangkok has obtained sion as "one of the simplest an order for 60 Morris Oxford things for which space satellites saloon cars from the American į could be employed." mission in Thailand.-UPI.
He also predleted that one day ratellites would be used to transmit newspaper matter to different parts of the world through space--China Mail Special.
COMMODITY PRICES
RUBBER
LONDON
Closing prices" all in pence per lb.:
No. 1 Ray spot 2. .... 2111 Settlement house term:
Mot......
Apr/June
July/Sept.
Nov./Dde.
Jart/reb.
2216-46
METALS
LONDON
Closing prices, all in sterling
per long lon.:
Bayers Bellota
Tin
2394-24
20716
239-24
3-month Copper. spot 2-month LADE
226
22033
pot
$0%
23-2314
Zinc.
pol
A1
12
3-month
-UTI
General markets, cif. baila, porta:
சு.
Estate crepa
thin Feb.
thick Feb.
AMSTERDAM
Closing prices all_in_guilders per klogram, c.lf. Feb.:
All unchanged-UPI.
COTTON
LIVERPOOL
Closing prices all in pence per
100
14:
FOREIGN EXCHANGE
NEW YORK Closing talca:
Cantada
Englane afficial New Zealand Douth Africa Belgium
Other unchanged.
LONDON Closing rates
New York Montreal Amsterdam Brugia
1.50-13/10
20025
2.7825
2.8063
D20040
1b.:
American Contract
Mar.
Tolo Harbour Service
May
On 15th, 10th and 1/
July
19.00
17th February, 1801-
24.30
The morning feip, wil igavo Talpokay at 7.45 6.m. Instead
Dec.
NAD
of at day am and will kegyg Ten Mun at 9.30 a.m. Insidad
Mar
24.50
of at 8′dm,”
J
Mixed Contract
MAT.
THE HONGKONG & Yaumati ferry Co., LTD. 8th February, 1001,
Máy
2:100
July
Oct.
24,20
Purit Blockhol Milan Vienna Zurich
79.LUAT3011.
-FRSQ 180016
*ZUPA
Copenhagen Frankhuri Lisbon DO
200-3/10+2,00-3/10 2.176627794 10.00-10.00 1700375-10.97% 1938-192015 31.0014-33.0016
020-6030 20.0133-31.03 1277-11934. 143716-14.4196 374132-1741-
Stull Theatres-.
Miles Petaling Till-da 101/4. Rio Tinto Bearer)—£2) Boon Antelope Welkom Gold Min
124.
Weitem Holdings-1439
Kobbers & 'Tezg Anglo Indonesen Plant-ka 30. Ceylon Tea Ord—–20%. Imperial Ten Ord-154, Kuala Lumpur-Kepong-da £94. Lombok Rubber-10s.
---Яcuter.
CHAS GRANE
A now £1 miliiton rall. Arover, now nearing comple- tion at Fletchley. Buckinghamshire, England, will ""Have i the double effect of providing facilities for additional pay- kanger services, and at the same the speeding up freight train "operation. The 1,335 fgas long flyover, cdnstructed of seven pans of pre-tread.pro-cast concrete, will carry freight trattle over the heavily-paed main fine to and from: London. 'Specially dušiston piers, whleti'oùm bo'sbet tiers; cárky "the spans over the main line, kijaminor teufid to Tow on' the "Norili la Sosith'Epatit*ine, «and' spa* Mans'''ta Ter freight fines at the Miss Simis."
plastic piping
Extruded
thermo- plastic piping and moulded "fit- a British tings made by firm is to be used for the pro-wetting installations in four Guided Weapon Destroyers
boing now
for the
built in Britain Admiralty.
The contract was awarded other exceptionally exhaustiva tests on the material and other competing plastic piping.
The purpose of this type of Installation is to spray water over the entire vessel as a pro- *cutive measure against con- trmination from radio-activa fallout.
The firm's material has be- come well established in the shipping industry both in Bri- tain and abroad
Three tankers completed by A. B: Gotaverken, ០ដង of Sweden's leading shipyards, during the last 18 manth absorbed a total of about 10,000
ft.
one of the arm's materials, and 10,000 moulded
fittings, supplied from the firm's range of some 450 mouldings.
In Britain, Lloyds' tests have certified that the material is suitable for the following ship- board
domestic cpplications: cold salt water and cold fresh water systems, waste pipes The new 4,000 gross ton cuble) (above freeboard deck), ballast repair ship. C.S. Retriever, also tanks, air pipes, tank suction designed to handle the most and filling pipes (salt or fresh). modern types of telephone cablej Aquária authorities in a num- and conventional telegraph cable, ber of countries have recognised which in being bullt for the the non-varrosive, non-tälating Company by Cammell Laird's at properties of the material and Birkenhead, is due for comple- some Important installations have tion and commissioning in April. been made. The Scottish Marine Biological Association has just installed the piping for sca water supply to the aquarium at ils marine research station of Millport, Isle of Cumbrae.-LPS.
'World's smallest
turbo-prop engine'
Birmingham, Feb. 8.
Tho Rover Car Company
hore today said it hoped
Equipment for new cableships
to "revolutionise light air- The U.K. firm, British In- craft flight" with a tiny
sulated Callender's Cables turbo-prap engine built
Lted.. have announced originally for a car,
that the Telegraph Con struction tenance
The company has carried out successful fight tests with the engine, claimed as the world's smallest turbo-prop engine.
Developed under the bonnet of the Rover company's experi- mental jet-turbing car, the T-3. the engine is quite cheap to pro- duce because it requires ittle research, the monering director, Mr Maurice Wliks, Bald.Reuter.,
new
Liner's sailing cancelled
New York, Feb. 8. The United States Linoz has cancelled a wailing of the
and Main- Ltd. Company (TELCON), a member of the BICC Group, have ràceived a contract from Wartsila-Koncernen A/B, Sandrikons Skoppidocka, Helsinki, Finland," "for" oll the cable handling equip ment for two New cable- ships they are building for the USSR.
The order, which is the largest ever made for this type of équip- ment, was secured in the face of keen competition at home and abroad, The Vessels aro ot 7,000 tons displacement and capable of laying and repairing submarine cable systems includ- ing all types of submerged repenters,
The equipment of each vessel, Incorporating the latest improve
passanger vessol, America, ments in submarine cable taying practice, will includó two for- as an economy measure. ward picking-up and paying-out The liner was to have gears, draw-off and holding- ciled on Saturday for back gedis, dynamometers, low Εκτορα.
gear and after trying goar, 'and
all ancillary equipment. - The The lino notified the 450 Brat vessel is required by 1082 booked and the other to follow in the passenger who "host passages that they could either year 1903. transfer to the company's der TELCON are also supplying United States, leaving hero of the electro-hydraulically driven Friday, or that they could book | portable picking-up and paying- on Inter 'rollings
out gear, weighlog opproximately 200 tons srid the largest callip- A spokesman for the linement of its kind, for laying the nali ft would be foolish to send Magna Dexible submarine gas - | both chips out during the clack pipeline, from the mainland of off-season, particularly in viow British Columbia to Vancouver of the fact there was amplo Island. The contract was so- space on the United States—cently announced
11
#roup.-LPBAL