THE CHINA MAIL, TUESDAY, MAY 9, 1961.
Estimate of New York stocks move
U.S. cotton
crop
for 1960
Washington, May B.
irregular
New York, May 8.
The Agriculture Department Stocks fluctuated in active dealings today,
today fixed the size of thes
1960 cotton crop at 14,-
272,000 balos.
of the
The combined, value 1960
cottonseed cution and clop was $2.383,000,000, down
$141,000,000 from the previous year's crop.
closing a bit casior in a final trading
rush.
COMMODITY PRICES
COTTON
NEW YORK
Closing prices alt in cents
Volume totalled 5,170,000 shares against a turnover per b
of 4,980,008 last Friday.
L
Popular
market The value of lint collon bated
mild decline on the secon avorage price 1 showed of 30. cents a pound is about Standard and Poor's 500 stock
incies off 4.1 ch $2.145.514,000. This is about 1,8
industrial than the value. Jones cents analler
1950 1.16 featuring durines of the 1950 Average price was 31.7 cents an American Tobacco, pansted.
The
based
1960
cro
The
Was
330 Punt, 12M
In California estinate, Standard. Johns-Manville gain- crop
ed 2% and Owens-nols Glass ginning. actual on
production of 1'. compared with 14,558,000 bales in 1959,
Dow-Junes rail The production Cottonseed stimated at 5.888,000 tons. The sent finished at 143.62 for a loss of 024 while 15 utilities the
season Department rid
posted gain of 0.15, closing at by price revived average
LILOD. farmers for cottonseed wun $42 Coltonseed production er tor.
For i was valued at $249,977,000. the 1959 season, the season average price for ention.eed was $38.8 per ton and the value of production was $232.115,000.
The crop reporting board sale! plasted serenge fast year now is estimated at 16,080,000 acres, being 15,300,000 with
aerez harvested. Yield 1 nere en the 1960 harvested servare now I estimated at 446 pounds.
In 1959, there were 15,833,000 acres in cultivation at the sart of the cotton year, and 16,117,- with 009 acres were harvesteri
yields averaging 981 pund a
Ten-year average yields
ない雪e
were 344 pounds an aere.PL
Johannesburg gold
and!
shares plunge Johannesburg, May S.
</13
new
Gold shares and various
nther issues
the Johannesburg Stock Ex- change plunged to bear market lows today. The
Mange www Ilewust luned on heavy selling locally following in fandlun adverse political news over the wy-kind-runely austerity r white-rule South Africa us t for the threatened pro pures
strike of its three-day work non-white labour force at the and of this month and also the continuing fight of capital irom this country.—AP
AMERIC
WHEN
SELL
TECHNICAL
WHEN
OUT
ANALYSIS
On Stock Trends
Research Drot PERENNIAL TRADING CORP. 810-018 Edinburgh House Hong Năng
Tel: 21949, JEJER
Util.
ac Hessen Newport Corp. Derlines mutnumbered
Hira Walk4, 1927 vance in a broad total of 1,324an Refrie. Ins trated--23
than Imperal Of
LIVERPOOL
888928
Spot 3-month
Zinc
Spat
-
RUBBER
NEW YORK Rubber futures closing prices,
Closing prices all in pence per
HONGKONG STOCK EXCHANGE
Our Own Correspondent:
Business done at the Hong-
Stock kong
Exchange. tfile morning amounted to appro- ximately $7,430,000. Noon quotailors and the morning's transactions:
Share Buyer Sellers Bates
432 - 134 300 7 439 HIC Dank
4TU430
12434
10304431
200-19
1205
20 321
2000 « 53' 410 200 or 410
322.70
1000 75
3050 - 21.00
75
18.20
Spol
Mar
indicators, Consolidated Paper
Cousiners Gas with
Creule Pet
41%
July
10%
Oct
154 오늘
3540
Dec.
Crane Co.
Mar.
all in eente per 1h.:
The Dow-
Dif
Cuban Amer. Segur Diamant Aikai
May
1171
July
Rex
Slandhytal
of 1% two In
Distillers-Seagraits Dow Chemical ... Dupont de Nemours Enslern Air Line Eastman Kulak Frmity Finance
40%
Oct.
1.31
Mov
31.10
Tank
July
20,50
1. Reg.
www
321
Sept
31.10
Nov.
300
Corp.
Closing prices all in pener
Jan
31.10
30 90
Mar.
30.00
Ferro Corp. Ford Motor
งบ
per lb.:
May
201
E. Asia 200 Lundbars Whart Ce.
Dock'
General Electric
American Contract
LONDON
UK Gus
100 22.90
com-
General Foods General Motor Gen. Pub.
May
24.10
1000 22.70
40
July
24.10
200 23.00
Oct.
24.0
0000 22.70
Gon. Tet. & Elec.
24.30
1b.:
Gety Oil
MAT
50.09
No. I spot w
20-7/10
1800 22.00
4000 2244
year Tyre
37112
Great Northern Railway
May
24.00
Settlement house trin:
July
24.03
Moy
2014-20
4500 + 22.00
Gulf Oil.....
Sunr
2015-202;
2711
Mixed Contract
July/Sept.
287-207
Waerlock
15 10.10 200ha
Coel/Use.
26-207
1000
14.1
10.18
May
2445
Jan./Mtor.
3000
30
July
24.10
Apr./Jung
2011-201
154
Oct.
2450
Cienerst markets, c. basin, port:
5000
20
1900 15.00
Dec.
24.70
May
2330
d
700
Mar,
24.54
June
20-20
10000
16
May
25.30
Ketate eren thin May
500
10.10
July
25.40
-UPL
thick May 20 AMSTERDAM
MK Book
115
317
100 (17
014
Kamerly Clack
Lay Tales
5214
per kilogram, c.i.f. May;
Ch. Pay.
34 342
C2 33
500
Lition Ind
1.0
No. 1 rubber
2.43
buyers
Lexbet Alrend
4035
No. 2 rubber
2.41 buyers
4300
Loews Incorp.
2421
No. 3 rutier
buyers
Lone Star Cyment CV.
hyera j
-UPI.
Lorlard P......
541%
1711
Bonds $7,070,000.
volume amounted
to
Membi Iron Corp. Minnesota Mining
110
DIAL
Mon Development Mantenery Wind
2016
31
lb.:
t
POK
30 Industrials
609.00 off 1.61
National Dairy Pivd. Nalini Lead
GO
Lead
09:
May
New York Central
182%
July
20 Rails
143.62 of 0.24
Noranda Mines Ltd.
Zine
15 ilities
111.03 up (J7 223.50 off 0.29
431
May
July
Copper
700
May
July
#re
Just Play nd 17 more than Imperial Toccu
Iger-Rand
total of 596 | 1 Buriors Machines 123 ta new lot Harrster declined, eight international Nickel
a week ago. A ises advanred, highs, and 557 to new Inws,
Today's value was 5,170,000 lares,
Of antal 1,324 issues Traded. 557 ind higher
5-16
were
tower.
Intel & TVA
Recolt Copper
American Exchange volume į Lowenstein & Sean, was 4,390,000 shares.
Dow-Jones closing averages | Naterial Cash Reg. "A were:
65 Stucks
MOST ACTIVE
The te mest active stocks were: (Volume, closing, net ringe, respectively).
117,700 Lear Inc 27% up 3%. 14,000 Chad Gotham 5 up 4. 74,100 hodesian Sel 15 un- changed.
70,700 Log Temco 39 up
C Mathieson
Elevators
Owen-illmols Gles Pacific Gas & Elec. Pan Amertem Airways Paramount Pictures Penn. Salt Co. Philip Morris Tey Bowes
Publieker Industries
Pulan
Pure Oil Radio Corporation
Raytheir
Republe Steel Reynolds Metal
METALS
NEW YORK
Closing prices all in cents per
LONDON
10.36
10.48
Closing prices all in guilders
No. 1 crepe
Closing prices, all in sterling Brusela
Pilting Plate Glas
Pand Gen. Flec.
per long ton:
223
Tin
Spot
3-monu
Copper
477
Spot
92
Reynolds Tobacco
3-month
#7,300 Fairchild Eng 13% of
Sa teg. Paper
I al
Schenley...
Scott Paper
54,800 Avnet Elve 05 up $1,500 Public Kelly 12%
5.
Sinclair Oi
of
Sucony Mobil Oil
South Puerto Rico Sugar
Southern Natural Gon
50.500 Smitt Curuno 2821 1.
up
Southern Pacific Co.
Standart Brands
Blandard Oll of i
Standard 4 of Ind.
49,300 Gen Tel and Elec 23% $ 14.
48,500 Telautograph 19 up
1%
Closing prices
Ahltild Pwr & Paper
Alden ne. Aey....
Alguma Steel Carp
Allied Chemdeals
Standard Oli of NJ.
Sleep Rock
Sterling Drug Co.
Stokely-Van Camp.
Stone Webster
Studebaker-Packard Corp.
SWIM & Co.
Texa Co.
Traders Finance
3381/2
Tide Water Dil
70%
Twentieth Century Fox Film
NGU
Union Carike
273
Union Pacific Railway
United Alreraft
United Fruit
Amer&Fourth. Power
100
U.S. Cyprum
US
Hübber
1.5. Steel
Alis Chalmers
American Airline
At Marls & Part
Astean Metal
Warmer Brow.
70 | Westinghouse Elretrie
Woolworth (K. W.)
Am. Natural Gas
9574
Alberican Sweeting
Amertean Tet & Tel
125
American Tal
102
Anaconda Copper
Attir
AMatos Corps. Allas Cond Mining Baltimore & Ohio Bank of Montreal Stech fate Savers
3. C. Tel. On.
Bell Telephone
Bethlehem Steel
tritie Amer. Of
Itsines Was
unritical exchange
following rules:-
done in the
British Columbia Pwr.
CADA. . of Comun
Cana, Brewery
407
Canadian Pucille R.
241
ES dollar (per $1)
Cat. Tenelor
137
Stering noter (per 41)
Celanese Corp.
34
Australian notes (per C
Cryder Motors
43
Corning Glass Works
S tical (per 100)
Consolidated Ediron
82
Singapore (trits)
34!%
序号
15.01
12.04
TORLICA
HKS.
Hotel
3553
23
15
59034432
2000 or 3424
1000 + 24*4
117343
1200 er 31
GOU 31
3424
2001
15
2
IK Lond
100
77
LONDON
Closing rules:
New York
Montreal
2.70-2.70%
2.70 0/10-2.10 11/16 HK Land
Hts.
52 024
Amsterdam
10.04-10.047
110.17-140.2247
Buyer Seller
Copenhage Frankfurt
L1::E,1L
10.30-19.3614
10.00-10.10
Valonati
1500
10
20.15-10.25
Osto
20,01-20,0314
160
B30%
2015 10122
Paris Sturkhoin. Milan
13.30-13.7814
14.437-14.44
1735-733 72.58-72.91
KAUK Vienna
242 Zurien
rubber
SOUN 7000 4722
5007
500 **
2007 ↑ 2007045 1 + 76%
80 # 32% 190 u
9045719
410 52 100 140
200 or 140
400 4 199
TATION
Sharp increase in
trade between
Britain, Japan
London, May 8.
A sharp increase of almost £6.5 million in Anglo-Japanese trade for the first three months of this year forecasts a big in- croase for all of 1961, a Japanese trade official said today.
London
market advances
London, May. 8. Industrial stocks rose along a broad front today with strong upward movos scored by stores, ongino- arings, shipping and build- ing shares.
Renewed selling In Switzer- Jand
the and
Cape de- pressed gold mining stocks and declines ranged up
The latest Agure on overseas Irodo recently released here by the British government show the period January that for through March of this year the uf trade e- two-way volume tween Britnin and Japan was about £23.7 million compared with £16.2 million for the same period in 1900,
The
Japanese oMcial, number of the embassy staf here, cald the Ogures for this year deflected the "general circumstances. For enlarging trade "between the two coun tries and that he expected the
overall total to be much larger than last year.
♫
'He said "the Kritish people pre recognising Japan äs potential market while on our side we have been able to export more."
For the January through to March perio3, Recording
government figures, British
tain this politically sensitive sector. Coppers and diamonds were dull Britain exported
worth
100 138
1 TO
SU 139
but tins forged ahead,
Government bonds
HK Trom.
401
41
$100 or 4114
showed eastern
of goods
country and
To
£9.4 million the far imported
UPI.
3700 4119
little change despite
hopes of 13.3
2000 412
stealy although
12.10-12.10%
Ch. Light
372%
4041
stock held
international
points.
3000 ve 38 1800 37
1000374
2
100 k 30
3
Eletitle.
384 38
1000 39
3
Allied
4
ED 50!2
1000
100 50
4250 or 50
1000 x 671%
500 17:2
500 57
TRANK
30 KUA 500 71%
500 in 391 45 TV 12.00 12.70 (1000 12.00
820 8.40 13500 0.40 1000 0.40
14.00
liutel 35
15 1000 14.70 0.10
2.00 3.023 5000 2.81
52000 và 2.0
1000 2.025
5000 2.65
1..
Р
worth.-
Exchange rates
market at
Inconestan ruptati (per 100).
FIRST HONG KONG FUND
SPECIAL OFFER OF 200,000 UNITS AT $1.38 PER UNIT PAYABLE IN FULL ON APPLICATION LISTS CLOSE - FRIDAY 12TH MAY, 1961
All shares included in the Trust Fund are shares quoted on the Hong Kong Stock Exchange
Applications must be made in multiples of 100 units, subject to a minimum holding of 500 units In the first instance
APPLICATION FORM
Poyment must be made in full with this application.
To: Hong Kong Unit Fynda Limited
7th Floor, Alexandra House,
BONG KONG.
Uwe hereby apply for th the conditions contained in the offer and mubject to the term
new units in the First Hong Kong, Fund at the advertised price of 138 per unit, in accordance
of the Trust Deed dated 12th July, 2000.
I/We englore cheque/mency order/cash for being payment in full for the number of units applied tur. We understand that the money will be returned to tretie in full it no Units are alloited.
I/We declare that I/We sanfare over 21 years of 420,
SURNAME(S) (In glxh)
(Please stato Mr., Mrs. or Mints)
OTHER NAME(S) IN FULL
ADORESS
(DLOCK LETTINO)
World New York
market
New York, May 8. Rox rubber futures today closed 10 to 15 points lower with solos of 52 contracts.
La
Standard contract closed un- changed to 15 points lover with: no sales.
Selling
creditual to Wall Street commission hovers over- turned earlier attempts toward
overall although rally. netivity was on the quist side. Initial steadiness was coupled with the higher foreign marketa The and the scareily of shipment offerings la the outside market. Factory demand locally con- Haute slow. Spot No. 1 rss was quoted 32 cents, nominat.
cat
cotton market
New York, May 8. Cotton futures, although rother dull today, opened steady and kopt slightly over the previous close for the trading session.
Teleplume
1000 41
2300 401 1000401)
2300 * 405
0004011
500 40
30 2500 на 3000
G4. Cement 67 675)
At the clove the list ruled off
X.D. one point on spot May, but upDay Form four to 11 points On the succeeding; positions. The market Watson to of two Textile opened up nine points. New Orleans cloud off
Nanyang three to up six points
Anil Rub, Small commission house boy- City
in the ing orders
later de-Humphreya Jiveries, and a scattered trade, found sellers aloof while they awalted further developments, No May tenders appeared to- day. The certineated stock, EF. Fulton and Company, j however, continued to climb to
1.00 Wall Street
brokerage Bran, a new seasonal high, at 95,837 sold:
rubber "We feel that
bales. futures will continue to work
for
A leading spot house report- from Memphis that the principal interest in spot cotton.
Realty .....
Late, Crow
.K. & F.E.
Inv.
1000 or 381
0638P
1000 38
1000 or 389
3600 or 30
4400 67% 3850 / 37 2700 a 561% 1800 8
Ru 90 30 24.30. 2410 300 240
1000 284)
2300 + 0.40
600 12 24.30
5000 2,625
3000+ 2.65 5000+ 3.623 5000 2.023 3000 * 2.60 2000 / 3.03
5314 500 52
24.00 24.00 1000 uF 23 2050 24.
there last week was the strict in Invest. 14.50 14.70 2000 4 14.30 Juw middling and that stock of these were being rapidly com- More interest Was plcted. shown in new crop coiton with some sales resulting.-UPI.
higher, though we do not looked
drastic increase." any Commodity Resarch Bureau commented:
there "Although
no particular appears to be shortage in supplies, the active world demand for rubber is an important factor In the strength of prices. To some extent, the betive demand may reflect the International situation.
With demand so persistent, we be- ilove that higher prices are Indicated."
In London, the rubber market wou steady with spot quoted at 28 7/16 pence.
In Amsterdam, the market
was dull today,-UPI.
UNIT TRUSTS
First Hongkong Fund, ex dividend: $1.34 (buyer), $1.43 (seller). Special offer seller price $1.30,
Second Hongkong Fund: $1 (buyer) $1.00 (seller).
Glimph
Sincere
0.10 2000
51
130020
2000 5.10 22000 L 5.15 6000 £ 3.10 2000 1.10 13000 x 2.09 2000 (5 4000 5.05 180005.08
14.00
100 15
500 14.70
804
14,70
350
14 70
1709
14.00
Star Ferry 202 210
THE GIANTS BEHIND THE BAR
Largest breweries in the world
BY SALES:
Anheuser, UZBEK
£142,800,000
BY ASSETS
£65,700,000
Busch JUSAY
ind Coope, Telley, Ansell
£130,000,000
£126,000,000
Telephone No........
......... Date
Ganadian Breweries
£121.700,000
(in the case of joint applications all persons must sign. CorDOTATIONA should complete sider the band of a0% BAZTOPļavd ones whom resignation should be stated)
CM.
SIGNATURE(S)
£84,800,000
CHANT DESIONED BY JOHN HILL
•Londoir Express Servion.
n bank rute cut to come. Dollar UPI.
nickel rose two
millan pounds
Oils attracted little attention. Asbestos ships board
Rubbers and
to firm-UPI.
tras held steady
Closing prices
British Government Securities
Consolidated-£42-8/10. Conversion-£60-3/10.
Savings 1953/03-02-13/32.
36, Savings 1960/70-79-7/10. Bavings 1906/772-7/15,
Overicas Bonds
3. Gernina (Dawes)~EN
3 Japanese, Assented-£1541).
Bank & Insuranc
Barclays Ord-91 8. Bril. Merchunta Ingur.-40. Chartered Bank-39.
Assurance-140s 3d.
Gure Bank-£10.
1.loyds Bank-791 3d. Lombard Banking Ord-23 Prudential Assur
22.3.
British Petroleum-53s Burnaj Olis 9d Shell Transport Ord-107 14. Royal Dutch--£104.
Ultramar Company-04 415d.
Breels Engineering
d.
Babcock & Wilcox Dru-329 Guest, Keen Ord-105u ki xa. Harland & Wolff Drd-17 su xd. Siawaris & toyds Ord-501 30. Tube lavestments-80s 3 x United Steel-673.
Vickera Ord-371.
Electric
Asoc. Elec. Industries-12s Dd. Elec. & Mus. Industries-40, English Electrie Ord-391
Ord-30 6d. General Philip Work-12-0/19,
Rediffuson Ord. 10.
Industrial
Assoc. Partiand Loment-85 1d. Boardm Marden Ord.-7. Borax (floiding)-31 Bd. Dunlop Rubber Ord-275 04. Gillman (Holdings) Ord/~# 719. Tumor & Newni Ord-718 45d Unilever Ord-150 45d. Wizgin's Traps Ord-32 d.
Chemicals Imperial Chernical Ord-75% $d. Monsanto Chemicals Urd-243 Bu,
'aper
Bowater Paper Ord-829 Del. De La Hue Ord-076 Reed Albert B 76% ed. Spleeri Ord-50% 8.
Tobaccos fritish-Amer. Tob. Ord--73. Carrera "D" Ord-4s d
Tobacco Ord÷00# 4!5d.
Motors
British Motor Ord-10 Bd. Hawker Biddeloy Ord-20 Bd. Jaguar Cars Ord-100. Rolls-Royce Orca d. Westlond Aircraft=108 2.
Textiles
Bradford Dyers-178 $4.
Collen Printers; Ord--kes 455. Courtaulda Ord-155.
Fine Spinners Ord-284 94. Lancashire Cotton Ord-01 114.
Browerles
Distillers Co. Ord-41s. Guinness (Arthur) Ord-475, ind Coope Ori-23s 150,
Blazes
Great Universal Ord-£75, House of
Örd--001. Lyons (J)
Ord 140
Marks & Spencer "A"
Ord-1164
3d.
Tate & Lyle Ord-85. United Drapery Ord-78 Woolworth (F.W.) Ord~01s 3d. Miscellaneou
Bowmaker Ord-201 ed. Canadian Perife Ord-$101. Cunard Steamship Ord-17 Dd. Forestal Land
10d.
& Timber-12
Hongkong & Chinn Ga-169. Hudson Bay C£n-15/16 xd. Indo-China Def. Dr~23x 9. Land Securitten Ord-320
.&O. Beam Nav. Det.-453 toid.
ด
pines
Do Bears Det-110 7, London Tin Corp. -10% $140. Mount - X
J'etaling Tin 1970. Rhodesian Anglo-Amer, Ord--a
xd.
lo Tinto Bearer)-4le 38.
Copper Go 7:58 Ronn Antelope
Unton Corporation-3be de. Welkom pli 31.
Holing 102 DL
West
M
►
Hasher Anglo Indonesian Plant.- od. Ceylon Tea Ord--26% þá. Imperial Tha Om-10 Kuala Laimpur-Kapons-30 0. --Aleuter.
for converted ship
The Dilwara, well-known as troopship to many thousands of allied troops during the Second World War, has now started a new life in the Far East os the M. S. Kudlo Lumpur after one of the mast rapid conversions ever carried out on a ship of her size.
In
The 12,500-1on Dilwara, built In 1930, was sold to the China Navigation Company Ltd. order to bring her up to the Standards for Safety of Life at Sea required by the Merchant Shipping Construction Rules of conversion 1952 large scale was undertaken by the Talkoo Dockyard Company of Hong- kong.
As there was no sprinkler system installed In the vessel all bulk- it was decided ibat heads tind passenger' accbri- modation should be lined with a special bsbestos ships board developed by the UK. Arm, Cement Co. Turners Aslicstos Ltd. of Trafford Park, Manches- ter.
The British company supplied altogether some 100.000 squaro In fect of their ships board. erdor to speed the conversion they agreed to prefabricate us much of the work as possible at Trafford Park. One hundred anch fificen door ($cm blies were made, wherever it could be done panels were cut to size pt the works, many of those required for passenger accommodation were faced with decorative Formica plastic panels and even ceflings were
to size slipped out cut
and rendy primed for painting.
In spite of the fact that all work was carried out Manchester and had 10 be shipped almost 10,000 miles to Hongkong the entire conversion took only three months.--LPS.
this
Swedish floating fair in Australia
Adelaide, May 8.
iz
The visit of the Swedish "trade ship Kirribill to South Australia was offi- cially opened in Adelaide's outor harbour today. The "prehler, Sir Thomas Playford, sald many of the fieing displayed in the ship could be of Valua to Australia in her development.
than More
4,000 Bouth Austrollen businessmen huva scen the £150,000 display. which ranges from cars
und heavy Industrial equipment i delicate bibaswaro, pottery, selonline equipment and 100.- studs, the Australian Informa tion durvice reported—AFP/