THE CHINA MAIL, WEDNESDAY, APRIL 26, 1901,
New York stocks show HONGKONG
Now York, Apr. 25.
The stock market scored a big advance to-
day which recovered much of yester day's sharp loss. Trading was active.
The market was slightly high - 1 John Stanvie Co. and belive at the opening Kar Industiten
mbtity Clark Price, moved alend chorply milagrit & Matka Tub, C. the first botte må continued to Lily Filip... improve going into the final half | Loflow Greteria bour.
At the glose, the market had made its best advanes in about recouped Leven months and
varly two-thirds of yesterday's Jussen.
Most guns ranged from few ents to arnd $3 a share, but there
were wider mover ang kurre volatile issues.
McDermott J. Hay
MeDanneil Alterait Merek
Mescht Iron Corp.
'recis Mindng
Monsanto Chemical Co. Montecatin
STOCK
big advance EXCHANGE
Okizima Nat. Gas Owen-116ce Glass 49stard Paper Co.
15 84% PATO Morrin
Penny J. C. co.
Southern Co. (They
A Southern Natural Car
Jathe
Stern Pacine Ca
Sunshine Miolog
Textron Inc.
Thukol Chem.
Tide Water Oil
LONDON CLOSES MIXED
London, Apr. 25.
face
Business done at the Hang-Stocks staged a show
Stock
this Exchange
kong morning amounted
to approxi- mately $3,500,000. Noon quota- Bons and the morning's transac
25 450
resilience today in
of
of the French crisie and Wall Street's tumblo.
Prices opened sharply lower but bargain
hulera started und. buying at the lower level following yesterday's pattern, erased the worst of the falls,
Bouthern Railway (Con) Sperry and
11
Pitney Bower
499%
Blue & Webster
613 Procter & Gamble Co.
37
Portland Gen Fler.
426
Publicker Industries
304
431
Lowenstein & Sona
16!
Pulimas
317
25!
30%
Pure Oil
Time Tut..................
12
Harlin Corp. Pret.
Traders Finance
471%
07
Raytheon
201%
Tri-Cont. Warrants
301
tions:
114
Hayal Bank of Canada
Twentieth Century Fox Film
から
4316 | Nayal Dyteli
43%
Union Olt of Cal
BHATK Buyer Hellers
Bater
Rucem Mt.
19
United Tra.....
2012
300.
Sears, Reeback & Co.
United Dan Corp.
an
HI Bank..
410
418 300 6430
$3
Shell O Co.
42
US. Line Co. .......
23%
41%
Seferov Stores
455
145
61
Saint Heg Paper
3036
700
Schenleg Ine.
4524
Belt Paper
379k. 2. Anu
220
110
Mingler Corp.
201
23
Ward Co.
зла
45TL
Smith. Kuine & French
13512
Taikoo Deck 73%
77
2007
South Puerto Rico Sugar
VII.
itk GAN
Ex. Div..
21
500 20.3U
100 20.70
despite
13.10 1514
300 13
2000 2000
15
15.10
Ik Dock
Ex, Div..
1000
114
10
100
174
Mcturala Ine, Pulica 1inuti d Nians! Dairy Pret Nattenal Sleel Co. Bernd Mines 148. Na Western Ry North Anter, Aviationi
US. Stee) 7.P.C. P.F. Waukesha Motora ... Weungitouse Air Brake West Va. Pulp & Paper Winn-Dixie Stores Zenith Radio
WATCH OUT FOR A
Standard and Poor's 500 tork Nathwest Airlines (Com) gained 90 cents at $05.30, 35 best advance since R rose by the some amount on September 30, 1960. Monday the lex fell a ecord-equating $1.37. Based on the index, the quoted value of all stekn listed on the New ! York Stack Exchange gained above $5,000 million today.
TENSIONS DISCOUNTED
Of 1.288 issues trade, 784 advanced, 346 declined and 158 closed unchanged. There were 37 new lighs for the year and 14 new lovs.
It was a broad advance which included steels, cars, petroleums, chemicals,
Aircraft- drugs, missiles, electronics and Lilit
The Associated Press Back
average pose 2.60 to 242.20.
Volume
YOSL to
4,670,000
HOTTING-UP
U.S. EXPORT
OF DRIVE
By Alexander Thomson
New York, (By Airmail).
This is where I came in four weeks ago. It is from here that
I reported "the American recession is now virtually over." prominent banker, puffing at a Sherlock Holmes style pipe, said so to
me on my second day on Wall Street.
shares compared with 4580,000: A
share traded on Monday.
Wall Street, Analyal fel which rearted strongly to the tensions GT international Algeria, Lans and Cuba yester day, appeared to be ellecounting! these temjons today. The sharp drop
also made many Murk pris attractive to investors,
The Dow Jones 30 industrials Tse 10.43 to 683.00.—AP.
Closing prices.
Abilibi Pur & Pape
Algoma Stead Carp
Allied Milk Jne.
A Brake Shoe
American Cable &
American Cyanid Co.
Am. Gas & Electric
ወዲ ፡- Hane Pred
Ain. Mech. & Fury
At
Am
Naturel Gam Sugar Ref.
Ampex
Astrestos Corp.
37
50
adv
Đ
44
GO
200
11652
Sa
27
เรา
Clank of Montreal
Bank of Nowa Swolia'
Bergh Life Savets
1. Tel. Ca,
Dawn-tma-taru.
Bell Trh-pleas
Beneficial Furance
flents Aviation Corp
Benguet Cou
Boeing Airplanes
Nordet (7) Co
Burrough Add $nclave
Bnish Ager. Off... Bruch Collai Par.
Peking Corp. !!!
Pena. B 14 Conin. Campbell Soup 'o,
13. L.
C. Tractor
l'elance Corp.
1. T. Franneini Corp.
791%
Irett Peabody
Polojide Valbon Co
57
Commercial Cresht
Corning Gla. Works
101
Ponsolidated Paper
Cue Cas
Castleventil Kan
Continental On of Del. Crente Pet
54
Delaware & Hutson Co.
Bend Nat)
Distillers-Singeanas
Dankun Stores
Dow Chemical
nurglas Aircraft
FPass Natural Gas
Tony Farner Clep.
Fe C
Prestone Tyre & Antiber
Ti Nat. Cy
Georgia Puede
Gener Dynamies
Gen. Puli, Ut
Gen. Tel. & Face
ank
"A simple deduction my dear | And for two very good reasons. Thomson," I can now almost i hear him saying supported by Be evidence that has been piling tip since then.
ONE For the first time, the U.S.A. s aware that it is up spinst a considerable balance of payments problem as a result
f heavy overseas spending on la defence and economic uld.
Industries will have to be encouraged to re-equin with the latest, and best, in productive machinery. This in itself should tend to give American business
boost. To speed the ball! roiling towards fully-fledged
Malorear cutput, steel orders and retail sales have all taken past a distinct upturn in the
has month. And Wall Street Leen up to a fresh high, signal-payments every year since 1949. Tag is belief that a new
Apart from 1067, there has recovery. been a gap in its international
Over this 11-year period, the
is blooming with the spring. total net deßell amounted to a
CONFIDENCE
ہیں جو
The confidence: Cartery always a bik one in the United States.
arc
Americans
Wall Street minted. Even bost-blocks and taxi-drivers talk About
The tempo of the ticker-tape.
So you can expect the market's recent performance to give the economy a good old shove from
FIOMY ON.
If it does not, then I believe this must be made to happen.
Paris Bourse
recovers
Paris, Apr. 25. The Paris Bourse (stock ex- today strongly change) recovered from yesterdays severe drop in share value caused by the military coup in Algiers.
The rise was apparently caused
hefly $21,000 million.
£7,500 million.
SHORTAGE
Wheelock
C. Provident 20.70 29.00
HK Hule.. 404
HK Lond
75 751
HK Land
Rigmat
5:09 09
250 410
200 9 410
3D 40 410
Many issues, managed sinall gains on the day but fractional Josses finally domlanted the list.
Stendy
Investment demand tensions International caused dealern to term senti-
ment "shock proof."
New loading plant
will speed turn
round of ships
Banks were the standout and A loading plant which can fill a ship's hold
1820sity rocketed after the Midland
200 135
110 6 נא2
200114
300-115
500 / 2100 1500 + 30,80 230 20.70
100 44012 B04074 200 * 47
GOON 74 100 75 zve v 342
$700 75
49
50 45 2000 200 50
100130 350 197
Yaumail
137 138
Tram
37%
38 100937
C. Light
35%
1000 63715 2000 of 372 1000 ** 373
100 113734 500 11 10
34 5300 Id
300 < 38
200 30
3000 33
500 30
advance, with
30
home a I am coming "bull" of Wall Street. I br lieve It will
1tm continue
the usual
Electrle
2012
3016 2107 2011 200 ! 3034 3700 20!)
132
104
pauses, of course.
20
30%
I am also convinced that If
200 361⁄2
1000 64301%
natural forces do not carry the U.S.A. economy upwards, there Telephone
that will be doses of infation
40
453%
At Arst, these deficits were welcomed Ds a means of over-wi. a world shortage
But I have this warning for coming
Stand Inst
manufacturers. the British dollars. But
успе climate of opinion changed,
by for the Americans starting a There were misgivings about hotted-up export drive of their the financial future of the own. United States. The soundness
of the dollar was questioned.
Italians, With the Germans, French and Japanese all joln-
It is vital, therefore, thating in as well, overseas setting the balance of payments ts point to be tougher than ever. shortfall should be
quickly,
and substantially, reduced. TWO-America's labane fores
has
been expanding fast be- cause of the "population expio- sion" that followed the war.
The Increase is likely to be even more marked in the next few years, as more young people reach wage-earning age.
So it is also essential that job opportunities should be emisiderably improved.
In
7 Kerse bath
these
The one
problems are related.
as a very close bearing upon
the other.
balance
Britain. In
of phy- #nents difficultles have been
by latest reports from Algeria nckled in the past by credit
30 that numerous
military units
12
16 were remaining
loyal to 37, Paris government, and by
the
the
937:
ernments for General
717%
de Gaulle's policies.
Tudny's
rise compensated for
ידי
squeezes and the like.
London Express Service).
Bank's free
scrip issue
{10-
London, Apr. 25. Midland Bank Limited
nounced here it is propos- ing to make a Tree scrip issue of one new £1 share
held on for every three May 1, 1961.
At the same time, it is pro- But here in the U.S.A.posing to make a rights issue of share for every unemployment is already high, one new £1 wide support from foreiga Rov-At the last count, 6.9 per cent
three held by shareholders on Charles of all workers were jobless. May 1, 1001. Shares under the rights issue will be offered at o premium of £2 per share -- that is, at a total price of £3 per share,
1 fron about one quarter to about half of the heavy losses
glstered yesterday.
The rise caused a reaction in the gold market, and the old ingat fell from franes a kilo-AFP.
5,750 to 5,030
UNIT TRUSTS
COMPETITION
uversens
Dat Thus is unthinkable America's
payments conundrum should be eased by any form of squeeze on the demestic market which would people out of
but still more Jobe
The answer and this
All new shares will rank pari passu with existing £1 shares, but will not rank for the interim dividend in respect of the hall year ending June 30, 1981, is The
this Bank added that i where Wall Street becomes addition to its cash resources
Interested — is to
was needed to finance the con- expansion in business at home (tinuing expansion of the Bank's and overscan.
business generally.-China Mail Fira Hongkong Fund, ex This way both problems can Special. dividend: $1.30 Guyer), $1.38 he solved. But i will call for an ali-out drive for 16 Kreater productivity to
costs stable and competitive,
20
Gen. Two & Rubber
ᎦᏁᎸ.
Goodrich (17) Co.
53
Great Northem Ralway
471
Grumman Alivratt
J
Gulf ou
Hammond Organ
Bra Walker
46%
Homestike Mining Co.
Husman Neing.
193
Idaho Power
Co
Imperial N
4514
(Feller),
12:11-17!
Interchemical Corp.
44220
Imperial Tobacco
Internationrl Paper
Second Hongkong Fund:
30 cents (buyer), $1 (seller).
secure an
Unsurpassed Quality
GENERAL
JETAIR
• DUAL-TREAD SAFETY
• LONGER MILEAGE
• QUICKER STOPPING ACTION
• NEW QUIET RUNNING
• NYGEN AND RAYON CONSTRUCTIONS
THE HONGKONG TYRE CO.
(Estd. 1932)
TOP-QUALITY retreadING
Hongkong: 25 Morrison Hill Road, H.K.
Kowloon:
Opposite Kowloon Magistracy, Yaumati, 39 Tonkin Straat, Shamshulpo.
JETAIR
Tel: 72455 Tol: G9382 Tel:
57452
keep
Cement
Dairy Farmi Ex. Div. Watsco. Allied Inv Textlle Nanyang
A. Rubber
XD
X Trust
City Hotel.
06 0615
THE 45
4000 2 4734
20043 1604794 30 14 2720 @ 47% 582340 2500 48 10048 100 40
1000 Ga 500 or 00
1000 G 38 1500 or 4572
17.00 11.70 2500 1.00
B.03 3241 + 14.10 14.20 1000 14.10
400 6
100 204
02% G.95
1000+ 1.05
2000 1,03
7.00
B 5000 7.00
30
400 / 31
Star Ferry Gilman
242
4.424
Asla Nav.
1.55
Realty
2,325 好心
4.43 2000 ur 4.40
1009 64.43
10334.45
500 1.00
2.35 10000 # 2.35
60c. 1373041 39e.
700 18c
915
7.
125079c.
Exchange rates
Bank-one of the "Big Five"- announced a bonus issue. Mid- land jumped 10 shillings to 124 shillings and top banks such as Barclays and Lloyds jumped up to 5 shillings each-UPI.
Closing prices
Dy. Consolidated-42-7/18.
Conversion-£80-11/15.
3
3. Savings 1053/05-p1-20/32. 3 Savings 1960/70-701
Savings 3903/75-72-3/10.
Oveturas Bond,
8. German (Dawer-£44
Japanese, Artented - 19324.
Banks & Institaness Barclays Ord-91. Chartered Bank-031. Guardian Aurance—1493. Hongkong Bank 18. Lloyds Bank-Tes O
Lombard Banking Ord.-1 d. Prudential Avur. "A"-£24.
Oile
British Petraleur-54a Burmah Oll-434 3d. Shell Tranport Ord-1539 N. Royal Dutch 15. Ultramar Company-11s &id. a
Steels & Engineering Robroek & Wilcox Ord-339. Gutat. Keen Ord-s kl. Harland Wolf Dr-18s d. Stewart & Lloyds Ord-36 d. Tube Investmerit--7hs.
United Steel-s
Vickers Ord—301 kl.
Electric
Assoc. Elec. Industries-434-GU. Flec.& Mu. Industries-41 English Electele Ore-304 9. 34. General Electric Philips Lamp 12-7/32.
dustrial
Assce. Portland Cement-412 Boardman Marden Ord. d. 1lerax (Heiding?-20 4ld. Dunlop Rubber Ord-202 41. Glman (Holdings) Ord-da Již Turner Newall Ord,-74d.
& Newall Ord-14 d.
Turner 10.
Wiggin
Ord-Das Ddl.
chemicals Imperial Chemical Ord-75+ J. Monsanto Chemicals Ord-551 41.4.
Paper
Bowater Paper Ovd-60% 0. De La Rue Ord-01336:
Tobarcos
British-Amer. Tub. Ord-ly 3d. Carteras "E" Orel, Imperial Tobacco Ord-
$90.
10.
Motors Arun Meter Oni-11 Hawker Siddeley Ord-31. Jaguar Cars O-1918 31. Rolis-Hoyce Ord-10 715d. Standard Triumph-12 d. Westland Aircraft-17 5d.
Texutes
Calico Printer Ord-14 Oct. Courtaule Ord-491 34.
Fine Spinners Ord-20s 0. Lancashire Cutlen Ord-03s
1.
Breweries Gulness (Arthur) Grd-57% CJ. In Cope OR!-23.
Stores
fireal Universal Ord-GOI. House of Fraser Ord-50 Dd. Lyons (JA Ord-951 Del.
Marks & Spencer "A"
Miscellaneous
Ord-1081
30
Business was done In the market exchange unomciat moming at the following rates:-
Xocal
Unlled Drapery Ord-6 Woolworth IF.W.) Ord.-37% 3d.
4.
this
3302
Sterling notes (per 21 Australion notes per C Indonesian Rupiah (per 100).. Sinus tieals per 100) Singapore (straits)
16.01
Itawmaker Ord-2x sid. Canadian Faelfie Ord-$43. Cunard Alcam ho Ord-17 7. Forestal Land & Timber-14 70.
12.73
3.10
20.70
1150
1.01
U.S. dollar (per $1)
Agreed merchant
Belgian selilog 882.
rates
Franes, Maximum
-Hongkins & Milan For-len.
IndieChina Del. Ord-21
P. 4O. Steam Nov. Det.451
De Beera Def-1237 kl.
Mount add.
Petaling Tin-12s
.
Rio Tinto (Denter)-424 B.
Roan Antelope Copper-Da 71⁄2d. Tinlott Corporation-44n. Welkom Gold Minine-13 Western Hidge-1157140.
flubbers & Teas
Anvio Indonesien Plants Oct. Ceylon Tea Orik-208. Imperial Tea Ord--Ife #1. Kuala Lumpur-Kroong-3 d. Lanak Rubber-201.
-Reuter.
COMMODITY PRICES
COTTON
LIVERPOOL
Closing prices all in pence per
American Contract
ib.
May
July
el:
Mer.
May
Mixed Contrach
May
July
Mar MERY
24.73
1-monin Copper
2
15214
MAY
Estate cieve thin May..
The May
201
1-manki Land
2313:
-UNI
Rput p-onlt
Zinc
Rpot 3-month
RUBBER
SINGAPORE
Closing prices cenis per lb.
No. 1 May
29.03 23.20
ports:
No. 1 June
No. 7 May
METALS
LONDON Closing prices, ati in sterling per lung ton. Tin
Duy Bellera
$12
815
No. 3 May
No. 4 May Epot rubber unbaled
Flanket crepe
all in Straits f.o.b. Malayan
LONDON
No 1 pale crepe.
Closing prices
per lb.:
021-923
0346-92 502-81% 07-08 011-019%
725-731 2013-07
FORLIGN EXCHANGE
Canatla
Closing rates: England omelet
20-day 90-days
1.01-12
NEW YORK
2.7906
2.7014
2.7030
2.2176
2.7060
1.4000
20070
Australi New Zealand South Africa Deilur
Others unchanged.
LONDON
Closing rates: New York Montreat
Amsterdamn
230
Covenhagen all in pence Frankfurt
Libon 27-275) Oslo
PAHU 27.7 lockhalm ZUS-KUS | Milan *}*=21% | Viónilá #755-85% | Zurich
No, 1 Tas spot. ker...an
Heillemeni house term: June Apr./June
uly/Bept. Oxl/Dec.
deneral market, cix. başla, purte:
1.4015-2.794 3.76-5/16-2.70-7/10
10.0416-10.043
140.11-140.1715
100344-19331
11.09)1.10
80,10-06.23 20.00-20.00? 12.77-15.73 14436-74.0274 122419-378435 12.04-72.80 12.0991-130944
-VM.
with alumina at 600 tons an hour is
nearing completion at Rotriovo, British Guiana.
Fabricated In England shipped out for
and
the
Second tanker for
at the
erection, plant will speed the turn round of ships taking mined material the melting plant Arvida, Quebec, of
to
Aluminum Company of Canada, Ltd,
a re-
shipping firm
cock, 28,300 tons dead- weight, was launched. ro- cently
Belfast at tho yards of Harland, and Wolff Ltd. for the Pacific Steam Navigation Com-
The leader travels on rails, The oil tanker George Pea- each track about 38 it. apart At the topmost structure iga gantry (or boom) which carries a telescopic chute and tractable shuttle bell--the actual device which conveys the alumina und deposits it in the, ship's hold. The top of the gantry is ft above doett level and the telescopic chute can extend to
72
100
pony,
The ship is the reennd tanker
. The whole plant on 's to be owned by P.SN.C.; their rail tracks can move 500 ft at first inker, the William Wheel- 50 a minute.
wright, 43,000 tons deadweight, The plant was fabricated by was delivered in July last year
д
the materials handling division of wa
charter to Shell Babcock and Wilcox, Ltd., Eng on
vessel lord. Built in sections and ship- Tenkers Lad. The new
ready for delivery in ped out to Retrieve, It is expect will be ed to be in operation shortly. The June.
The George plant can handle not only alumi-
Peacock is na nt a density of 50 lb. per single-screw motor vessel with cuble foot, but bauxite itself, the engines aft. She is constructed raw, mined material.
on the combined transverse and longitudinal system of framing and has taked stem and cruiser stern. It has nine sets of cargo cargo- Lanks 27 in all. The ballast tanks are protected by and sacrificial combined paint
mode system and steelwork has been pickled.
Power is supplied to the leader and conveyors via cable-reeling drums and the whole system is under the control of the loader operator. Flood lighting enables work to proceed in all conditions. Aluminium alloy sections have in the structure of been used the loader wich helps lighten the load on the quay.
The main engine, by Harland The order for the plants was and Wolff, isa.seven cylinder placed by the U.K. firm. Alcan
up single-acting, two-stroke Industries Ltd.. for the Deposed piston type to give 11,600 merara Bauxite Co., Ltd., British posed pistar Guiena. both subsidiaries of hp. Aluminium Ltd:, Montreal.
Radar for fire fighting vessel
io run on heavy gradu fuels.
for Modern equipment celent and rapid working is turbine Installed and includes driven, single stage centrifugal pumps for dealing with the carge oil, steam driven winches, enpatans and windlass.
with in-
The ship is equipped Decca latest navigational aids
A high definition
cluding true motion radar and radar installation is ono
a shallow draft Indicator, la of the features of the
order to reduce the amount of latest fire fighting vossal | fresh water to be carried there
Decco
от
will
to come Into servica Ir a fresh water generator the lower reaches of the capable of producing 24-tons Thames and the Thames of fresh water a day.
Tho George Peacock River Estuary. Radar typo 215 has been cry a crew of 61 and special alleation has been paid to crew fitted in Fireflair, a 66 ft. comfort. Apart from one double firofloat based near cabin for boys, each member of Gravesend (Kent)
berth and the crew has a single available for fighting cabin; the master, chief onlcer,
chilet engineer fires in shipping
engineer cach river, as well as for river-modation consisting of a day- side fires on both Kent room, bedreem and private and Essex shores.
on the
that
Ing
and
have
second accomm-
toilet facilities, There are
This
lounges and smokerooms for is the first me
crew and there is radar has been speelñed by officers and local fire service in the U.K. for projection equipment for show- films in the crew's MCS type. Radar a vessel of this
engineers information will enable Fire- and the officers and fair to answer emergency calls recreation room. all condition
the launching of the With more rapidly in
Harland and of visibility. Including derleness
George, Peacock,
will and bad weather. The
Wolf have stated they ment is a special high definition undertake
scbemo radar Alted in over 450 vessels mudernization of the Musgrava on the Eurcpran inland water yard where the vessel way system and in the United built. Plans for the modernisa Slutes, Arnong other Are fight tion of the yard which ing vessels employing aimlar
equip-
ค
of
Was
• has
Deeca radar are nine tenders or been responsible for largo thro
*** the New York are department.
the last war, have been Jaid
Tonnage produced since
announced-LPS.
Firefleir Is Hnanced jetntly by but no delalls have yet been lccal authorities- the Essex and Kent County Council--an part of their fire cover responsi bilities, unit is manned by per
of sonnel
the Kent Fire Brigader,—LIPS.
Airline hit by Algerian crisis
London, Apr. 25.
Air France, the
Tho
Cargo vessel
launched
single-acrow. general cargo vossel Dumurta was launched recently
from
the
Glasgow yard of Aloxander Stophon
Sons Ltd.
and
African
The Algerian crisis has cost Franch
** vessel is the last of a national airline, ncurly
class of cix ships in the Elder £100,000 in concalled | Dempster Lines fleet, coch of services over the last throo which bears a West days, Mr Joseph Rods, the place name tepihning with the These vessel; lavo company's president, said letter 'D'
designed specially on arrival here tonight. their cervices from the United Mr Roos said he hoped the Kingdean, Continent, Canada situation would improve soon,
and the U.S.A. to West African
"We have no definite
ben
formation about the reopening and other ports. of airports for night flights, but there is every indication that our services will be fully operational within a few days, he said.
Tonight, Air France cancelled five fighisiree from Parts to
two London and
turing fights to Orly-outer.
for
Dumurta Ir an open shelter deelt vessel, powered by a 5,300 Aye-cylinder Doxford .h.p. opposed, piston vil engine with a strvice spoed of 14 knots when fully fonded. She has an over- nit length of 480 feet, a breadth of 43 reet and a drought of 20 test 1 inch-LPS.