4
THE CHINA MAIL, TUESDAY, MARCH 28, 1981.
Wall Street registers Group meets to minor loss BIG DROP IN discuss aid to
HONGKONG
STOCK EXCHANGE
SOur Own Correspinedent
·Business done at the Hong- kong Stock Exchange this mort- ing amounted to approximately $1,500,000. Noon quotations and the morning's transactions:
Buyers Seller
28
Aharea
HK Bank.
Ik. E.
Wharf sla
214 370
Taikon Dock 7915 70
IIK CM... 20.40 2014
Wheelock
14.30 14.40
10 Duck.. 105
100
2. Provident
Hotel
JK Land
Sales
350
e 420
250
424
220 kr 425
EU
420
200 M 420
Kr 420
100 ca 360 100 1 372 900 + 12
11000 2014
2000 20 1500 6 20.40 2000 201 D000 or 14.40 1000 ir 14, 2000 14 3000 14.00 4500 & 14!! 6090 14.40 1000 14 1000 24,40
200107 100 100 000109 100 100 430157 1625 100 1090 TOG
X.D. 20.30 29.10 1000 201
Vaumati X.D.
1000 20.40 300 29.30
201407200 27 7015
105 110
Tram XD..
1:、ཐའུ1,
C. Light...
341 342
10 Elec
400 70 200 + 7011⁄2
1000 T
300 @ 10 -2300 #7011
200 & 135 800 & 139 700 130 200 2 133 100 33
100 332 500 3315 300 34
New York, Mar. 27.
| Stocks registered a minor loss today, more through lack of buying interest than any selling pressure.
Activity held at around last Friday's rate or below the market's norm, as brokers express- ed satisfaction over the list's behaviour during its period of "consolidation."
LONDON
CLOSES
MIXED
London, Mar. 27. The Laos situation and the approach of the Easter holidays checked buying in quieter markets.. In- dustrial stocks moved ir regularly lower but staged
a mild improvement near the close, clipping earlier small losses.
and
Company news and favour. able press comment helped in- dividual Issues to move up with Associated Electrical Jaguars benefiting. Rumours of a lake-over bid caused: wild movements in Associated News- papers and Bally Mail coun- ters.. Although Canadiart news-
¦
The
PI COPRA EXPORTS
Washington, Mar. 27.
needy_nations
London, Mar. 27.
A three-day meeting of the Development Asuis- tance Group opened here today to discuss how the capital exporting nations of the Western world and Japan can jointly plan their aid to the under-developed countries.
*T
sharing of the ald burden prosperous among the more European nations,
Besides Britain und the
Agriculture Depart- ment reported yesterday) that the Philippines copra exports in February 1961 were the smallest for a The Dow Jones Industrial single month since March average gave up a sinall amount 1946 duo to after-effects
In the course of their dis- owing largely to weakness in
of typhoons in November cussions the ten-nation group, General Motors and Union Car-
with together
European and December 1959. bide outweighing strength in
Market representa Combined Philippines exports Common Dupont and American Tele- phone. Alleghany-Ladlum
of copra and
and coconut of! for tion, is expected to hear pro- United States, other nations January-February totalled 440
posals from U.S. Under Secre-represented at the meeting are Lakens were linn spots in an
80 tons, oll equivalent basis.
West Germany, Italy, tury of State for Economic France, otherwise narrow steel group This is less than half the volume Affairs, Mr George W. Ball, Portugal, Belgium, Canada, the that reacted mildly to news of a
aimed at raising the aid total | Netherlands, Japan and the slight improvement in produc-recorded for January-February tion.
to rome $7,500 million a year. Common Market Commission.- 1000, 95,326 tons.
The Agriculture Department He is expected to propose that UPI. Hopes of a peaceful settlement noted a wide discrepancy be- leading Western nations should of the Laotian crisis brought twoen Philippines exports statis- contribute about one per cent losses to many in the national ties as recorded Manila and of their gross national product defence group while rall issues, the US import statistics.
annually to help the less deve- strong carly in the session, were "Since mid-summer of 1000, ioped countries. depressed by weakness in nickel there WILS been
strady Chancellor of the Exchequer plate and Norfolk and Western. deterioration in the quality of Mr Selwyn Lloyd presided over statistics 03 copra shipments the first session at this fourth from the Philippines, reilzeting meeting of the group whose for- an increase in the understate-mation stemmed from a special ment of quantities declared for meeting of the O.E.B.C. members stronger items
export," said a report on Sunday and assoclates in Paris in Janu- Pet Milk, Mergenthaler, by the US Forel Agriculturalpry last year. The
body was formed for consultation between Calumet and Heria and Ameri-service. can Chicle-all up a handful of
countries
for providing aid
and under-developed countries points.
to help the flow of capital to these regions.
STRONGER ITEMS
Among the
were
paper magnale Mr Roy Thomp- Vendo abead well over two
Jewel Tea cased around three points in the food, Southern California Edison around one in the utilities, Martin around 114 in the defence stocks, and Beckman
point in the vicctronics.
Vending stocks gained ground, sun denied his company was an interested party, the stocks end-points, Universal Match and Au- tomatic Canteen up more than one. Atlas' Powder rose two on mainly nows it would acquire an ethi-
cal drug frm.
ed higher on the day.
Dollar slocks were better.
South
African gold mining Today's volume was 4,190,000 slocks fell back through lack of shares. Of a total 1,276 shares interest. Coppers were mixed traded, 546 were higher and 501 but Selection Trust forged ahead lower. American Exchange spurred by American buying, volume
2,000,000 shares.
Was
500 344 jumping five shillings tu 83/ Bonds volume amounted 10 60000344ns turned weak. De $5,910,000-UPL
Beers lost more ground in dia- ronds.
100 35
3000 @ 34%
600342
1000 3452
100 35
361% 20% 1000 70 303,
6700 37%
1500430 2500303;
100 to 4415
HK Tele XD
44 443%
500 Gr 44%
1100 44
Erratic
movements in olls
gave most leaders an easier look
Closing prices
by the close with Royal Dutch Alden Me. Acy, the exception £% better at Allied Chemicals
£15ths.
Teas held steady but rubbers edged downwards where changed. NOTAS
2004
Cement
G7 0714
500
200
300
Dairy
Farm 38
39 200
1000
3012
2400
300 301
200 39
500 14 3031
200
30
500
383%
Walcon
Allied
Texille
Nanyang
40
4814
Inv. 11.30 11.30
A. Rubber.
21. rust..
Humphreys
Realty
1500 48%
1000 @ 11.20
7000 11.30
4000 11.30 2009 17.11.20 9.10 8.20 0000 8.10 13.30 131
7.10 2000, se 7.10 1000 : 7.10 2000 Gr 8.3D 20% 27.20 300 26.00
8.00 1.15
2.35
Int' Invest 14.20
ILK. & P.E
Invest.
10.10
Gilman
Amoy..
Jasion
Whoat....
P. Trom...
P. Tram
Mação
120 + 20.80 2.00 5000 255
25000 2.60
10600 2.575
1415 2000 @ 14.20
3000 14.30
280 4 10 1190 19.10)
4.30 4.45 1000 or $53
12000
100641
2000
5000 4.40
185 Co
314
101 Fully Pa.
62 Partly Pd.
Star
Ferry
200
Elec. Rope
14
Cold. Mace.
(Ord.)..
Ewon Sang
HONE..... Enieriant.
8 3 a §
GO
Exchange rates
Business
was done in the local
market exchange choosing at the toDowing rates;
unofficial
13. dollar, Aper $1),.....................
Sterling notes (per" 21)
Australian noted (per (21) muonesian Ruplati (per 100)
10.16 13.80
340
Stem Deals (per 100)
20.00
Singapore (Siraita)
AMERICAN
STOCKS & COMMODITIES
WHEN
DUY
TECHNICAL
ANALYSIS
On Stock Tronds
Itesearch Dept.
PERENNIAL TRADING CORP. Ust-010 Windyingh Tour
Hong Ko Tais 23949, Skise
Als Chalmers
American Airline
Amer. & Forgn, Power American Melal Aineriean Smelling. American Tel & Tel American Tob
Atlaconda Copper.
Armour
The Financial Times Industrial Index was 339.6, down 1.0. Atlas Cons. Mining
UPI.
Closing prices
British Government Securities 216 Consolidated-41-19/10. 3. Conversion-£3512.
3, Savings 1055/65–457-29/32. 3. Savings 1960/70-£TBAL.
Savings 1903/75-£70-15/16.
Overseas ends
5%, German (Dawes -£98.
Japanese, Astented-1525.
Banks & Insurances Barclays Qed—74s 3d. Chartered Dank-62 34. Guardian Arvernet--13s . Hongkong Bank-ZIPA. Lloyds Bank-04s kl. Lombard Banking Ord-22, 94.
Oll British Petroleum--535 Gd. Burmala Ci—-448 MJ.
Shell Transport Ord-1355 Pl. Royal Dutch-£10%.
Siecle & Engineering
Zabrock & Weax Ord-3x 3d. Tube Invertinents-828 Od. United Steel-00 30. Vickers Ord.-32 34.
Electric
Elec, & Mua. Industries-475 Bd. English Electrie Ord-77% (1.
General Electric Ord-33% Phillips Lamp Worke~12-13/10.
Industrials
!.
Assoc. Portland Cement-70s 145d. Borax tidings)—194. Dnlop Rubber Ord.-23. 101⁄20. Forestal Land-12 10d.
104.
(Holdings)
Ortis
fudson's Bay-8-11/id. Redifusion Örd--45% 14. Turner & Newall Ord-095 450. Unliever Ord-150 d.
Westland Aircraft-17 1d. Wiggin's Teape Ond-80s Tisa.
Chemicals
Simperial Chemical Ord-70s Tigu. Monsanto Chemicals Ord-24.
Paper
Bowater Paper Oid-55% 9. De La Rue Ord-001 30.
Tobaccos
British-Amer. Tob. Ord-es I, Carrerus "D" Ord-ly 4l5d. Gallaher Ord-i .
Imperial Tobacco Ord-470 Kl.
Mators British Motor Ord-170 Od. Hawker Siddeley, Dzómáš 150. Jaguar Cara Ord–125 03. Holl Royco Ord-438 412. Standard Triumphis t
Toxicr Calico Printers' Ord-13 DU, Coats (3. & P.) Ord-435, Courtaulds Ord10 715th. Fine Splinera Ord--28) 1911⁄2d. Lancashire Cotton Ord-838" "103d.
&tores
Great Universal Ord-843 Kİ, Marks & Spencer "A" Ord-1010, United Drapery. Orth-Els pu. Woolwort ́(FW.) Ord---878,
Miscellaneous
Bowmaker Ord—24s_på. [tojukong & China Che—154. Indo-China Der. Ord-246 42d.
Land Securities Ord-27# D.
Baltimore & Ohio Bethlehem Sterl Cana. Brewers Canadian Pacife R. Chryster Molars Commerein! Credit
20%
491
2311
Consolidated Elfst
TOLA
Crane Co.
5622
Cuban Amer. Sugar
1814
Olammand Alkalt
Dupont de Nemours
200%
2055
113
Eastern Air Line Eastman Kodak Ford Motor ... General Electric General Foods General Motors Goodyear Tyre Gulf ou
UNRECORDED
"A check of arrivals and the official imports data of United States reveals that un- recorded (understated) quan
titles exported ranged from 4,000 to 6,000 long tons monthly between June and October 1980. sald The Department also net exports of copra and coco nut oil from the Federation Malaya and Singapore in 1960 were 34,270 long tons, oll equivalent basis again of two. thirds from 1959. Copra exports gained three-fourths, with India taking over one-half the
Copra
imports by Malaya- Singapore In
1000 were up nearly 30 per cent from 1958.
Exports of coconut oil from Malaya-Singapore In 1900 were up
from four per cent 1959, and imports of cocontit oil increased one-half.-UPI.
KENNEDY
CHIEF INTEREST
was
to give
World
rubber
market
New York, Mar. 27. Rex rubber futures today
closed 38 to 47 points lower with sales of 55 contracts.
U.S.
with
ANSPORTATION
seeks talks Russia on aerial accord
Washington, Mar. 27. The U.S. has informed the Soviet govern- ment of its readiness to opon negotia- tions toward the end of April for an aerial agreement between the two countries, it was announced hore today.
The
For Farnborough air display
London, Mar. 27. first light executive acroplane from the now- ly formed aircraft pany, British and General (B.E.A.G.L.E.) shown ot tho borough September.
Air Show in
Such an agreement would set up a recipricn! busis for neriai Haison between New York and Moscow.
The Soviet
government has. not yet said whether it would accept the date suggested in the American
proposal, submitted to Moscow last Friday.
These negotiations were set io open in Washington during July 1900 but the State Depart- comment, following growing U.S.- Executive Soviet tension arising from the Aviation "U-Z" and "RE-47 Incidents, will bo had asked the Soviet govern.
Fornment to postpone the talks to more propitious time. CONSULAR 'CONVENTION
Asked if his company's new The State Department further light aircraft would be shown announced that the US govern- Moscow it this year, Mr P. G. Masefield, ment had informed managing director, said: "There was ready to open talks on con- consular donvention will be some on view at Farn- cluding a borough, yes, but of course between the two countries. there's
Official quarters said whole range we have In mind and there will be others conversations would not Involve and after the opening of new consulates coming along later "Recent advances
be in the USSR. resulted In rubber
He Until 1949 the US had main- available at Farnborough." resumption of sales from the added that he was not prepared tained a consular post in Vladi-
but the
addition to its Mos- government stockplle, quantities involved have been comparatively smail," Commodi- Research Bureau commented today. "Nevertheless, the Bureau continued, "the have been sufficiently large to
The D.A.G. is to become the Development Asistance Chin-
Easiness in futures reflected mitice of the new Organisation the more hopeful situation for for Economic Co-operation and peace in Laos, plus the lower Development (OECD) which will London-Singapore markets and replace the GEEC.
the absence of factory interest The Treasury here stated that in either futures or the spot as host country,
in necordance market here. with procedure at carlier meet- Ings, Britain
Shipment offerings from the detailed exposition of its aid cast were reported scarce. programmes and policies while Current month No. 1 Rss was the group quoted 30 cents and spot 30% other members would give shorter accounts of cents. latest moves in their own pro- Brammes.
Chief Interest, however, was centred on the US pro- posals and the emphasis on the need for
arcater The
of
IS ASKED TO RESTRICT
IMPORTS
COTTON
Washington, Mar. 27. Representative Harlan Hagen asked President Kennedy today for import restrictions on im- ported cotton in order to protect the domestic cotton industry.
Hagen sald
ty
in spot probably. The Arst will
the
These
to say what the actoplane was vostok in
that time, until it appeared at the Display. cow consulate. Al
BEAGLE, fourned last year when the cold war was particu as a light and executive aircraft inrly intense, the Soviet Union manufacturing group, is a sub-1 had ordered the closing of the sales sidiary
of the Peared Steel Vladivostok consulate. The US. case the tight supply situation Company, a large firm concern- had reacted by closing Soviet
consulates in New York motor-car ed primarily a little and create apprehension
body manufacture, refrigerators San Francisco-AFP. some quarters. But,
and various other products. automobile sales are improving BEAGLE. us two wholly- and further improvement is ex- owned subsidiaries of its own, pected DA spring develops. Auster aircraft and F. G. Miles World rubber consumption Is companies with long histories of
in
prices."
advances
rubber
and production.
Mr
with
New building at Idlewild Airport
and
New York, Mar. 27. Officials of Braniff Inter- national Airways, North- cast Airlines and Northwest Orient Air- lines today made public plans for an ultra-modern passenger terminal Idlewild International Airport, New York.
The
ot
shewing signs of expanding. successful light alrealt design
We believe, "the Bureau con-
Masefield sold that cluded. "that early improvement B.E.A.G.LE. Was "combining in general business activity will what we hope is among the best strengthen the likelihood of
thinking with in aeronautical further
in
the techniques that are also be- ing established in the motor-car In Singapore, the political industry, particularly in produr- situation which had become tion methods and Interior lay the President But that imports now threaten tenser over the weekend brought ouls. The range of aeroplanes 79 could impose restrictions under that balance.
carly shortcovering and prices we shall be producing will have the Trade Agreements
"Conticued
of moved to 87 cents before pro-motor-car type Interiors." Imporkalien
out in any came
He went on to say that cotton goods from abroad in the fit-taking
B.E.A.GLE, had “a very strong substantial
which quantity. qualities
Thereafter prices fluctuated in and enthusiastic team of people Bre naw being admitted will thin trading until
of do-
bullding, whose three federation attacking the problem" was "in soon cause another surplus of grave danger" because imported domestic cotton" Htc said. godown selling caused on cesier signing and producing highly acres under roof will be cceui- raw cotton and fabric were being "Cheap labour and the develop-
trend.
competitive executive aircraft, pled jointly by the three 50% sold at prices that domestic mills
Lower shoot interest was think that 70 per emt of our times, is scheduled to be ccan* ment of modern cation milis cannot inatch.
limited to some shortcovering of business will
pleted by Spring, 1982, at a cost be export abroad, constructed in many nearby shipments.
but there is a substantial home to the airlines of $10 million: sta with foreign 1Balances
"The terminal's concept is In a lettor to Mr Kennedy,
to base the In London, the rubber market market on which have given foreign was easier und uncertabi Hagen said supply and demand money,
with export requiraments," he said.departure from the floor plan cf manufacturers a marked ad- spot quoted at 25% pence.
LPS.
present-day passenger terminals, said architect John their domestic) In Amsterdam, the market
Jamieson White AIA
of closed, dull today.—UPI,
Washington and New York.
tho new Braniff» Northeast-Northwest terminat al the passengers will board main building itself, only a re- latively few steps from their check-in counters."
Act of
5011958.
45%
Heyden Newport Corp.
7%
The California Demcerat said the domestic industry
Int'l Business Machines
053
Int'l Harvester
40%
International Nickel
04%
122
121
Int'l Tel & Tel
Kennecott Copper
Zillon Ind. ................. Lockheed Aircraft
Loews Incorp. Lone Star Cement Co. Minnesota Mining Mission Development Montgomery Ward National Cash Reg. "A" National Load ...... New York Central Olia Mathieson
Otis Elevators Pacific Ops & Eirc. Pan American Airways Paramount Pictures
Penn. Salt. Core Glass Fittsburgh Plate Radio Corporation Repubile Steel
Reynolds Metal Reynolds Tobacco Slicnir 011
Steep Rock
U.3. Smelting
U.S. Steel
3246
0219
in the United States had been
brought into balance through vantage over federal acreage controls.
counterparts."———UPI.
COMMODITY PRICES
RUBBER COTTON
NEW YORK
LIVERPOOL
oficial 30-days
Do-Kaya Australia..
New Zealand
Others rathazged,
LONDON
Closing rates:
New York.... Montreal
Copenhagen Frankfurt
Liston Oplo
Contract for special aircraft equipment
A
2.7005
2.7035
7,1835
262200
2.7080
3.79-13/16-2.79×15/10 2.7614-2.77 10.031-10.057% 130.00-130,00 19.33-19.3214 11.101-11.81% 0000-80.10 10.294-10.9914 13.711-15.45K 14/454-19.4515
物
110
Sorony Mobil Oll
44
Standard Rearis
Standart Of of Cat.
Standart Oil of Ind,
GO!%
Standard Oll of NJ.
43P
B
Sterling Drug Co.
NEW YORK
BO
Stokes-Van Camp.
Rex rubber futures
closing
Blidebaker-Packard Corp.
Closing prices all in cents per
04
prices all in cents per lb.:
Swift & Co.
40!
ib.:
Mat.
13
Техля Со
May
Union Carbide.
12055
Union Pacific Railway
July
May
33.17
July
33.20
Sept
29.13
Oci
3433
Amsterdam
United Aircraft
Nov.
24.03
Dee,
U.S. Foil "1"
Brussels
35.10
htaz.
US. Gypsum
1016
23.49
May
U.S. Rubber
per
SINGAPORE Closing prices all in Straits cents
July
b. Lob. Malayon
Paris
440 parts:
No. 1 April
DOLL-80H
Closing prices all in pence per
No. 1 May
18-80 lb.:
No. 2 April
85-0315
American Contract
Stockholm Milan Vienna Zurich
374322-274246 12.00-13.91 12.00-12.001,
No. 3 April
B432-2422 Mar
24.35
No. 4 April
0114-825% MAY
Spot rubber unhaled
30-80% July
29.14
Blanket crepe
C7-00
2.33
Oct.
No. 1 pale crepe
01-02
Dec.
24.00
Intas,
24.00
LONDON
Mixed Contract
per lb.:
| No. 1 Rin spot ............ 2516-2571
Settlement house term: Malayan Dollars: Maximum Apr/June
2346-251- Det, Dec Selling 03, Minimum
2015-201 Buying July Sept
MAY Nov./Dec. Jan./Feb.
2316-281 2015-251) General markets, c.l.f. basis, port Арм May
Mar MAY July
| Mar/Apr.
2434-293)
Warner Brot. Westinghouse Electric Woolworth (K. W.)
Agreed merchant rates
70. Steam Nav. Det.-4.531⁄2 T.T. 53% OD; 84-1/10 30
4lhet.
Rilkes
De Beers Def-134# 434d.
Pelating Thy-12# 415,
flo Tinto Bearer) £2-0/32. Jaan Antelope Copper-89. Union Corporation—– bán. Welkom Gluka, Mining-143·0. Websem Holdings=1500.
Rubbers & TARI
Anglo Indonesian Plant,wls 1944. Ceylon Tea Ord
Imperial Ten Ord-lüm 30. Kuala Lumpur-itejong-da 1. Lambak dubber-dia 71A,
Heater,
days; 54% 00 days.
Unit trust
First Hongkong Fund: Buyer Price
Seller Pilde..........................
$1.52
$240
Closing prices all in pence
Estale crepe thin April
shick April ..
AMSTERDAM
Cloring prices all in guilders
por kilogram, e.l.f. Aprilä
No. 1 rubber
No. 2 rubber
rubber
*repe
3.20 buyers
1.27 buyers 3.95 buyers
BR8582
METALS
LONDON
London, Mar. 27.
many
United Kingdom firm being driven for
aly-
Д
Foundation piling How arc the terminal, has been awarded a con-which will have a main con- tract for a special instru-course door 204 feet wide and
528 deat long. ment which will ensure
safety
the optimum of and officiency in a top- priority fighter aircraft which is a now coming off Canadian assembly
a
linc.
The aircraft, which has been
Foreign airlines challenge CAB
Washington, Mar. 27.
ordered by West Germany and Major foreign airlines today
severe
an alteraft during
design.
challonged the authority
of the U.S. Civil Aero- nautics Board to regulate their
fro- capacity or quency of servico, or to roquito them to provida traffic data.
:
is being considered for Náto de- fence, is of American The firm obtained the contract for the equipment for the Canadian manufacturers in the face of world-wide competition.
The instrument is a high electric counter which apeed UPI
operates over a wide tempera- ture range ond will withstand Commenting on a CAB order ahocks. When Incor- of last January 18 melting up porated in an accelerometer re- an investigation of the need for confer, it will be used to mea- | further regulation of foreign sure the Thocks and stresses on operators, the Gentian Airline high-speed Lufthansa
the sald
Board night.
apparently proposed to set By referring to it. inain itself up as the sole arbiter" tenance experts will be able to cf the extent to which n.Ger- De exretly what stresses the man airiino shall enjoy rights" components cf the aircraft have provided under a bllateral undergone during operational agreement
Laufthansa nold this could #g. And they will be able to tell exactly at what stage those incan an attempt to tell Lüft- components need replacing. hansa whether it might fly to won a smaller and from the U.S. 30 tlines a contract for the supply of a new | weele with Boeing 707 Jets or 20% navigational al fet demy ve once a month, with à DC4. Dahicits. This instrument shows Lufthansa added that this type Wii | the driver his exnet map. re...] of control would reprosent "tho
ference at any given time
Closing prices, all in sterling
per long ton.:
Dnyers Ballers
FOREIGN EXCILANGI
Tin
opot
*Bat
**
-month
U2415
520
Copper.
spot
22411
121
2-month
226
Lead.
кро
3-month 2inc
071%
1.61-8/32 i-menta
NEW YORK
Closing rates:
Canada England
The firm alo
rad
power to determine an airliño's siso relays the position, not the | life, or death”, ogrom the North vchlele back to bala,-1,19,
AtlanticAP.