THE CHINA MAIL, THURSDAY, MAY 11, 1961.

Heavy dealings in Keep-your-mouth-shut' HONGKONG

New York, May 10. Prices closed mixed today, as heavy deal- ings kopt the tapos periodically late through most of the morning and in the final hour.

Popular market indicators showed little in the way of a trend. With volume topping 5.5 million shares for the first time in a month.

included

standouts Specjal

over tive on regal paper up heavy volume and Consolidated Edison up nearly two to a re- cord high on fresh brokerage house recommendations, Camp- bell Soup slipped around four after a "no comment" from the stock Rp71 company regarding Jumours.

Higher curnings lifted Allled Mills, Delta Airlines and Barber O around three or more while arws of a new anti-zmog device for ears sent Nurris Thermador up three but the issue retained only a uolat in subsequent dea!

gs. Robertshaw-Fulton gained on more than Ave.

Disters-Seagrans Delhion Stores Douglas Aircraft Dow Chemical Dupont u Nemcura Peterh Air Line

East Kelak

El Natural Gas

Family Finance L'urp.

For p

Firestone Tyre & Rubber Firet Nat. City Bank Ford Matur Lo. of Cana Ford Motor

Georgia Pacile General Dynandes General Electric General Foods General Motors Get Pt. Util.

Gen. Tyre & stubber Gelly OH

den Co

Goodyear Tyre

Great Northern away

Grumman Aircraft

YATT Are open

Today's volume was 5.450,000 Cuir cul......... shares.

Of a tolal 170 shares traded

52 were other at B8 hover

American

Exchange vodune

was 4,390,000 hores.

Bonds volum

$7.179,4b.

ammounted

Dow-Jones etresing averaged

36 Inthistral 68.61.

20 Rail-144.495.

15 Chillies--112.32.

# Stocks 229.33.

40 Bonds 85.490.

Heyden Newport Corp.

the Power

Tha Tobacco

Tap, Il-Ran

Ini Te: 54

Jobey-Manville Co.

Ka ndustries

Konneenil Cupper

Comm future prices Index Kimberly Clark

146.-40.

Closing prices

Alden Ihr Ary.

Alle thermisti"n] =

Litton

New York

terling Drug Co. Stokely-Van Camp

stine Webster... studebaker-Packard Lory,

Bursisine MANDIR Swift & Co.

Texna co...

Textron INC.

4014

Thioket Clem

TO

Tide Water Oli

Time Inc

14

Trader Firiance

Tri-Cont. Warrants

11214 Unton Corbide

4415 Enton Pucifte Railway

2074 Twentieth Century Fox Fil

Union of Cal.

4875 | United Aircraft

40

152

TU

United Fruit

27% ¦ Unked Gas Corp.

BER

UB. Gypsum

Us, Line Ca.

722

V.B. Rubber

Us. Amelting

102

US... Bleel

28%

Steel P.C. P

4011

Warner Bros.....

273

4036

13540

621

2214

בו

Waukestim Motors Westinghouse Air Brake Westinghouse Electric Wenern Union Tel. Co West. Va. Pulp & Paper Winn-Dixie Storen Woolworth K. W.) Zenith Radlo

'Confidence World

grows in

the dollar'

Washington, May 10. The government reported today "à subtrantial im- provement" in the gold- and-dollar, droín Bot cau- tioned the U.S. continues to be vulnerable" in this Grad.

for the A major rson shrinkage In the deficit WAS

Was confidence "growing

4311

UTT.

rubber

market

New York, May 10. Rex rubber futuros today closed 30 to 75 points higher with sales of 70 contracts.

The standard contract closed with 25 to 75 points higher sales of one contract,

foreign

policy

is this man's recipe for success

(la there room for intiative and enterprise in business in 1981? Alexander Thomson's investigation took in an interview with a young man who has made a million. This success recipe; think up ideas and keep them" to yourself.)

By Alexander Thomson

"

London, May 10. Tony Boyden, 33, has on unusual recipe for succoss.

believe in keeping my mouth shut”, he says. How successful has he been? Judge for yourself from the few facts he

has been reluctantly telling me.

In 12 years he has built up a; hven tila steady policy In £30,000 business to a pitch nercely competitive business, where it has attracted a lakes. It has paid off over bid of £1,700,000 payable!

in eash.

Boyden

was 21, when his father died in 1849 leaving him a small paper-converting Arm, Percy Bowden and Company, to look after. He took it over eagerly and took off his jacket 100 as he set 10 work in new ideas.

the days when ! Those were

were beginning to

linndsomely. And, now that he is rich he is tackling in his epare time an other socalled "Impossiblity."

Boyden confided; "When I realked that I might be able: to afford it one day 1 madr up my mind to have a crack at behing American yachts- men to the Americas Cup." Salling is his big hobby. 1o Is building a new 12-metre boot make their first impact on the that he hopes wilt, qualify to race for Britain in 1963. "Ant big business, world.

he Qulekly

I decided

hoping to qualify as belmsman", he added. "But of for them and specialised paper for the modern office machinery course we should have to have

chances only the very best on board." were where lay.

computers

his best

that

liom Walker...

Tenestake Mining Ca,

45%

Hunan Herng.

Intersat on ...

40

143

27

Ind Steel Co.

45%

Interghaleal Corp.

415

Int'l Business Machiner

7701

Jnt's Harvester

Bestemnational Niekel

79%

International Paper

442

11.

ggets & Mys Tub. Ca

K estimated

Lockheed

Aircraf

Loews Incorp

204

Abitibi twr. & Paper

16

Gente Star Cement

Larllard P.

53%

24 Lowenstein & Sons

101

Algenna Steel Corp

1057.

McDermott J. Buy

4023

Willed Milks inc

401,

Stellunned Aircraft

A Charters

1x

Merck

Meri Tom Corp.

115

Am. Blake Stor

4672

Americ.in Aube

241.

Mesuty Mining

Am. table & Rindi Corp.

Melon Development

201

Monnal

Chemitend Co

4735

Amerian Cyannski

401

Amer & Porn. Thewer

101

Montecatin

EL

The rebound followed a two-

'TALK TOO MUCH' report by day decline and was attributed A preliminary

to technical considera-

But be kept his Ideng to him- Department mortly Commerce the

nithough the highese. ne did not say anything Buttons, th Titet Irhgsa of

markets helped. about them

as his to anyone sand dollars to foreigners in the Switching of July contracts for business grew bigger and bigger

of 1901 ot 134 three months

the 41

jowest pot rubber co-featured

each year, about $300 million, the

trade. The outside market

our "Too U.9. in the

many people In 67% quarterly defeit

however, remabied

quiet.

trade tall too much," he says. since balance of payments

Factory

interest continuerl

They give their recrets away. offerings shipment

I don't do that." luck, and light. Reporteri offerings out

The result is that the firm of of Malaya included come four Percy Boyden and Company sheets at 30 cents and live now has Ove factories in Bri- rheets at 27% cents a pound, I tain and two in Australia. June-July, cost and freight.

An. Gas & retrie

Manganery Ward

31

and

213

Stuturo ne.

121.

DZ

National acuit Co

115

National Cash Reg.

147 |

National Dalty Prod.

071%

Am. Natural Gas

Amertean Seite

National Le

20

Am. Sugar Rer.

21:1

Nationel

Steel Corp.

a

American Te & TV

New York Central

10

Noranda Mines Ltd.

American Tur..

Norfolk & Western Ry.

231

North Ainer, Aviation

Northwest Airlines (Com

Oklahoma Nat. Gas

*G

Olin Matheson

43

15

O levalora

ca

$54

34%

Oxford Paper &

Dw-Titels Gla

Bank of entrepl

Pan American Airways

192

ex-

Paramount Pictures

715

Beech Lafe Savers

01

Parke Davis Ca.

3012

pands."

Benny J. C. Co

40

U. C. Tel. Co.

Bell Tripene

Pean. Salt Co.

37

Heneliela Face

Philip Morris

94

Bendix Aviation Corp.

Putney Bowes

Benguet Cutis.

13

Procter & Gamble Ca.

Pittsburgh Plate Glass

9

Bethlehem Steel

Boring Airplane

47

Tren The fo.

64

The high rate of exports." the Department went on, 33% fleets to a large extent the

situation i supply strained

resulting Europe and from

"re

20 perce

In Amsterdam, the was very calm today-UPI.

urroughs Add Machine

British Amer. O

Am Home Prod.

A tact. & Mary

Andean Melat

Anne Steel

Ampex

Anaconda Popper

Armour

A:bestos Co

Allas Cons Mining

Pan-La-Yam

Haltimore &

Olo

Bank of Nova Scotia

British Combia Pwr.

Calif. Parking Corn

Cana. k.

of Consia.

orland Gen. Bive.

Pallicker Industries

Pailman

1'LE C

336 Rado Corporation

Radiu Corp. Pres.

Haythey

34

692

Republie Sleet.

Casa Brewers

Reynolds Metal

Campbell Suum Co

10'

Iteynekets Tabacco

Canadian Paciite R.

Hoyal Bank of Limada

Lave 13. 1) {

11%

Royal Dutch

Cat. Tractor

357

The Fi

36

Sear, Houbuck & Co.

A Shell OH Co.

Celistero Comp.

I. Financial Corp.

no Munhat Bank

ysler Motory

cott Pedy Colgate-Palmolive ('n Colombian Carbon Co Pommersial Credit Coming Glass Works Consolidated Filzun Convolufatul Paper

624 Safeway Stores

421) Kaist iteg. Paper

64 Spientes Inc.

4144 Scott Puber

274 Slegier Com.

45% Sinclair Oil

177

Sitt, Kine & French" Sureny Mohli 01

te Sugar

411 South Puerto

Consuiners Gas

!!

Continuitat Can

43

Continental O of Thi

freie Pet...

Crane Co.

121

Delware & Rudson Co.

175

G

rown Zellerbelt

Cuban Amer. Suite

wend A-H

Dine Nat'l

Southern Co. (The

Southern Natural Gas Southern Paellie Co.

Southern Railway (Com) Sperry Handl

Standard Branda

1712 Standard On of Cal

Standard Õli of Ind. Standard 1 of NJ.

451 Steep Rock

past

وانان

dollar, the Department said. It the shore inferred this from reduction In movements

funds from dollars

rhort-tery")

the

to other currencies.

Also helping to Blem gold-and-dollar outflow were modicat rise In exports, a

dip in imports and a resump- on of foreign investment a

corporate securities, U.S. But the Department warned that

overall balance of "the

be payments

conilayer vulnerable."

It explained that Imports "can be expicted to visc

business activity 127

ما

Гарал an extraordinarily high Ivel of business activity these countries."—UPI.

SUGAR MARKET

New York, May 10. World

futures No. sugar today closed one to five points with sales of 64 con-

40 higher

322

tracts..

Domestic No, 7 sugar futures 31x closed unchanged to one point sales of 215 con-

$415

higher with

470M

tracts.

13

GAL

402%

World futures continued to reflect the Arm raw situation 23th with stendiness

of London

a

xd contributing upward factor. Domestic future featured short

MS covering in the nearby months

54 with Hiquidation and hedging

47

1

supplying the contracts.-UPI.

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

Payment must be made in full with this application,

To: Houd Kong Unit Bunda Lirited

Miu Moor, Alexandra House,

XONG TRONG.

I/We hereby soply for ***......

units in the First Bong Itong, Fund At the advertised

price of $10 per unit, la accordance with the conditions contained in the offer and subject to tie testam

of the Truet besa deind 12th July, 1900,

I/We encloss cheque/money order/cash for $.

..being payråent in full for the humber of returned to mesta in full if no Unite nem

una polled for. We understand that the money will ta zel allotted.

.

1/We declare that I/We em/are over 21 years of age,

BURNAME(8) (In English}

(Piese state Mr. Mra or Mim)

OTHER NAME(S) IN YULL

ADDRESS

URLOCK LITTERS)

BIGNATURE(S)

Telephone No.

Krete

In Die das of joint royliamsona xù persóna mhur xim, Coldozatiahn uld comglets under the hand kem mistokland oulder when Gregortion stromki bu atatud)

CM,

sheet and

Latterly general buying quoted 32 cents, nominal,

In Singapore, the market with prices opened uncertain half cent lower.

Latterly general buying and widespread demand for lower

ongrades caused |

prunt-taking. Prices to advance despite good Price in the afternoon rose

buying and slightly

good coupled with federation selling resulted in good exchanges. In London, the rubber market was uncertain

with spot quoted at

market

UNIT TRUSTS

First Hongkong Fund, ex divi- dend: $1.34 (huyer), $1.43 (sel-

cr}.

Special offer seller price $1.38. Second Hongkong Fund: $1.01 (buyer), $1.07 (seller).

itm

Americans have held the Cup ever since racing for it started m 1970, There have been 17 races so far.

The Sceptre, bar last com- potitor in 1958, was built by a syndicate. "There

"too many ecoks

Cre

in that particular businessman

klichen", raid Boyden decisively.

How much will this ambi- tion cost? They say you need

£100,000 to Be a challenger".! he declared,

And the £13 million Spleer be." paper business has just bought! it up and put young Tony Boyden an Its main board. Some folk in the trade say he has become so big n customer that Spleer's could not afford to let his company fall into other hands.

a former model Valtrit

homes in

I should not think it wil tako as much as that. But I cannot -i put

any gure en what it will ANOTHER HOBBY Another of Boyden's hobbles is restoring old buildings. He has bought Dewish House, on carly 18th century mansion near

with Dorchester

this end in view.

Win he live there" "No. sholl hope to and another buyer when the job is complete."

the How about

paper busi- "International ness?

competi- tion is increasing and not all public companies are equipped

to meet it.

Boyden is a stockily built man of medium height. His eyes are His hair is wavy bright blue. and fair.

He Is married to London fashion, Agnew. They have Kensington and Cowes.

STEADY POLICY "American ways have always fired my imagination," Tony

"Which wero the *progres- Buyden told me as we talked in

I asked hoping to get his "peaceful and cheap" office sives?".

an inside view of this young on top of an old warehouse on Saffron Hill behind London's man who has come so far eo Holborn.

you

"When someone says can't do certain thing I have always liked to prove that it can be done."

That and keeping quiet about what he has been doing has

COMMODITY

RUBBER

NEW YORK Rubber futures closing prices,

REX

Standard

31.40

31.45

31.05

30.00

10.05

30.60

"There is un enormous amount of dead wood in our trade. It would be healthy for most progressive concerns if this were cut out."

fast.

But Tony Boyden for whom silence has been so golden in the last 12 years shook his head to that one.

"I am forgetting that I am against talking too much", said.

PRICES

he

LONDON STOCKS GAIN

London, May 10. Steel stocks wore dúll omid

STOCK EXCHANGE

flur Own Correspondent

Businica đóng at the Hồng

Thin Stock Exchange kong meming amounted to approxi- mutiny 17010400. Hướn giới t long and the morning's transaction:

Bharos Bayesh Ballser

bank.

Kank LANT. Tleg. Bk. E. Anta Lombard Ins What! Co... Taikoo Dock XI...... HIK 'Go!

Wheblock

228

13 754 22.402315

Bates

200 430

100 330

BOD 31

500

2500 or 2216

1000 7232

200 10 22.00

3300 @ 2240

10.20 10.30

BOC in 10,0

0000 6 10,30

10000 or 10.20

5000 10.20

7000 1020

115

1:

400 145 1100 140 C. Provident 344 34% 1300 63124

In Dock..

2000 BIR

1000 L

Kotel.. 4734 40 2009

to 70%

1000 or 70

RAIL

100 66

137

DO 190

otherwise buoyant indus- Land..

and trials today. Food

property countors led long list of gains.

Textiles forgot their Hong- kong part

worries and took to the upswing, Amalgamated Cut- and Lancashire ton, Courtavid Coiton sharing the gains,

The blue chips mostly gained Kractions while chemas, brew- eries, papers, stores and build- ing materials forged ahead.

Foreign bondly were feature. Icm and

Dollar negietei

regular i tocka

with losers including U.S. Steel off two points, Chrysler 11⁄2 lower and international Nickel two ofl. Shell gained two, Standard Oil N.J. % and General Motors notched a similar fraction.

wers

Cope buying helped golds to show"

a good spread of gains by the final bell, Anglo-Amert- 1/3 to 117/8 can Corp. up and Ofsils better to around 58 shillings. Coppers attracted Profit-taiting

modest demand. hit sume tins but fresh buying kept athars on the upswing.

firmed, Oil Inderg mainly Royal Dutch the exception be- Ingth lower. Rubbers and tena were dull.-UPI,

Closing prices

Brilsh Government Becurities

Consolidated-£42-8/10. 31. Conversion-£30.

Bavings 1959/03-29315. Savings 1990/10701S. 32 Savings 1965/16-27245,

3

German (Dawes)-2415. Jopancae, Axsented--£1645.

Banks & Insurance

Chartered Bank-02 24.

Burclays Ord-As,

Guardian Assurance-144% Dil. Hangkong Bank-10. Lloyds Bank-Cox 3d,

Lombard Banking Ord-23 3d. Prudential A

"A"--£276.

British Petroleum-548. Burgon 01424

Shell Tranibort Ord-152 Bel.

Dutch-13-15/10.

Biramar Company-350, 3156.

Steols Engineering

Habek, & Wilcox Ord~32 Sil. Gul Keen Urd-1009 30. Harl & Wold Ord-17 Gl. Slewaris & Lloyds Ori-55 dit. Tube Investments-tos ed. United Sire)--Gla 111⁄2d, Vickers Ord-38 10.

Electric Assoc. Elec. Industries-421

HK Lond

7its. Yaunots

JK Train

Ch. Light

XD

IK Elec.

::

138

*40 4094

BO 401

1000 40.

700

37, 372,

1800 or 4014

7000 b

2011 3015 1530 364y

1300

G80 17

2004 351

200 64 2455

IK Tele

GA CO

543

100

1375

100

11550

3500

1500 a

#20

551

$200

G.J. Cement 60%

Dairy Furn

XD

C7

30%

30

1600

1000

500 30

40

Watson.........

Alled Inv. 12.70 12.80 4000 @ 12.70

Texilie

My

1

0.30

5000 12.10 4000 $ 12.10 8.40 1000 0,40

5000 11.35

14.00 14.00 2000 - 24.30

A. Hubber

R. Trust

6.80

7.00

1000 & 14.10

33.5 14.00

1000 24,70

0185 1000 68 0.05

1000 0.80

0000 $47.90

100 20.40

Humphreys 23.30 2023 202 i 2.625 Itealty

New

Kowloon

Af. Dus

-

3000 ur 2.5-

13000 2.625

10000 2.625

20000 2,00

1000 2.625

1000 2.0

5000 * 2.00

.375

0 56 3400

300

5

07

380 67

20

Cily Hotel Lane,

Craw.

511

1030 40 51

500 or 5015

2000 M

Oct./Dec.

Jan./Mar.

2324-267 26-27

Mor.

24.00

Int'l

Invest 16.40 151

May

21.03

1000 G 1515

Apr./June

202-26

July

24.85

1000 15

**General markets, elf, hasis, porta:

June

201-26

Mixed Contract

Elec & Mills. I

July

2317-263

May

24.43

English Electric

•Indusid,

47.

HI.K. & F.F.

inverl

%100

2006 21.00

Estate crepe this May

July

24.00

thick May

Oct.

2-1.50

Dee.

21.70

Mar.

24.03

May

SUGAR

July

23.30

-UPI.

New York

Closing prices, all in cents per

Strafta Contract No. 8 (world)

3.37

BARA58

all in cents per 1

May

July

Sept.

Nov.

Jask,

30.00

May

SINGAPORE Closing prices all in cents per lb. f.o.b.

ports:

No. 1

May

Jurie

No.

2 May

Mpy

Malayan

50?-?% 9034-12 10-001 09-202 83-0014

lb.:

July

Oct.

MAT

MAY July

ib.:

Lau

May

July

Zinc

May

July

QU-15

Contract No. 7 (domestic)

74-'13

Copper May

July

6.45

July

0715-98

Sept.

4.45

Nov.

0.45

June

Settlement house terin: July/Sept,

201

Soo(Bulk, duly paid)

Total Sales: 216 contract: Open interest: 2,084 contracly

0.43

-UPL

Tin anot

2015-2012 2024-2836

-month

Copper wi 3-menth

Lead mai

3-month

Zine apol

3-mont

No. 3

No. May

Spot rubber uninte

No. 1 pale crepe

Blanket crepe

LONDON

Closing prices all in pence per

ib.:

No. 1 Bax spot

VAMERICAN TE STOCKS & COMMODITIES.

WHEN

SELL

Spot-(World Average)

Tutal Sales: 64 contracts

Oper Interest: 1,070 contracts

COTTON

NEW YORK

Closing prices ali in cents

34.00 num.

3.73

24.53

34,15

58.65

30.20

35.50

FX07

10.33

10.43

11.30

Wiggins

cheauçhis

Ords

ch.

1,

00114

Buyer Netter

D42 GOTS

24214

242%

243

07AL

67T2

Bradford Dyers—17 96. Collen Printers Oril-15. Courtouts, Ord-45% Gd, Fine Spinners Ord--27 Lancashire Catton, Ord-62 450,

3d.

ED

Tizowalida

Distillers Co. Ord-

$4.

03

1400 no

1000 0 21.30

Glimon

5.30

6.3) 13000 or bla

200

METALS

NEW YORK

Closing prices oli in cents per

LONDON Closing prices, all in sterling per long ton.

FOREIGN EXCHANGE

NEW YORK Closing rates: Conada England official New Zeland Others unchanged,

LONDON

Closing mtes:

Ainstertiam

Brunel

101% 21.7900 2.7000

27016-2.7011

2.70 3/10-2.10 1/10 10.0424-10.04% 10.76-1

19.15-10.20

20.00-20.01.

General Electric Ord-78. Philips Lamp Works-12-7/13.

tedifuston Ged. v.

Industrials

Anne Portland Cement ad Buurman Marden Ord-75,

Horax (Hoeing)-218 34. Duning Hubber Ord-27 2016. Fizons Ord-57 3.

Guiman Holdings Ord-On 1950. Turner & Newall Ord.7 70. Unilever Ord-153 110.

Imperial Chemical Ord-79. Monsanto Chemicola Ord-24s 3d. Cinemas & Television Rank Organisation Ord-37 Stail Theatre-01 36.

Taper

Howater Paper Ord-43# Gil. De La Rue Ord-60s. Spicers Ord-Bla lid.

Tobacco British-Amer, Tob. Ord720 Bd. Carreras "1" Ordeeds 11⁄2d. Impecial Tobots

Dra-dík 1150.

Britian Motor Ord-18s 10%. Hawker Siddeley Ord20 34. Jaguar Cars Ort-100. Rolls-Royce Ord-436 34. Westland Aircraft -10% 1956.

Texules

Gulness (Arthur). Ord-57. Ims Coops Ord-20s 64.

Great Universal Ord-63 House of Fraane Ord-68 Lyons (J). "A" Ordis U. Marks & Spencer "A" od,

d.

Ord-its Tate & Lyla Ora 101. United

"Ord=77% 10,8.

Woolworry. Ord00 10.

Miscellaneo

Bowmaker Ord-20# 310. Canadian Pacific Ord-4055.

Bioamatip Orta. Forestal Land & Timber-s Hongkong & China Oax-15).

day Co. 01/10

-China Det. Ort-231 d. Land Securities Ord- 95%.

P. & . Blaam Nav, Dot-10 Cd.

7164

London Tin, Corp-ith "ba,

MUHINE Pd.

Petaling

o Tinto (Bearer)-411 hu. hoan Antelope Copper-be. NI, 8 leinna Golg. Mijen—500, 141, Union Corporation-4in 1'}}"," Welkom Gold Mining —173. Western Wolsing—7004.

Anglo, Thronesian Slaktende dá. Layinh Tea Ord-The Od. Imperial The Ord-19%.

-Raulde.

Underwriters Bler Kerry Macao Elec. 14.00 sincere .....

UK steel output

London, May 10. Steel production in Britain in April week

averaged 471,000 tons D the Eastern depsite holiday, break and topped the March weekly, overage" by 'C00 tons, the Iron and Steel Bourd sald today,

April's output, however, was 12,000 tons a week down against

April last yeOT--JUPI.

Agreed merchant'

rates

Swins Francs, Maximum Sell- Ing. 74.

Belgiant Franco, Maximum Belling. 59.

W.

German Deutschemarks, Maxim Selling, UB-5/10.

Exchange rates

Business was done in the locat noficial explange market

morning, ki 'the following intostom.

D.TAT 1.8. dollar per $1)

Sterling, notën, (pier #1) ...... Aurélien baten (per 1) -- 12.00

Indonesia Bissa (per 450) .... 0.40 , Blam tiesis (per 103) 2

Hingapore (@truktu)

30.00

per lb.:

Spot

May

July

WHEN

Oct.

QUY

Dec.

Mar

Miny

July

Oct,

34.21

NEW ORLEANS

Closing prices all in

cents

per lb.:

Bout

21,70

may

32.45

July

33.35

Oct.

Dee.

Mar.

34.14

New York

34.01

Montreal

May

33.40

LIVERPOOL

Copenhagen Ear-kfurt

Closing prices all in pence per 1b.:

May

Lon

American Contract

པ་་་

Ot Payin Hotliln MISO

July

Vienna

Def.

D40.

$14.00

Zürich

TECHNICAL

ANALYSIS

On Stock Trends

Пепелксы Вера. PERENNIAL

TRADING CORP.

$15-$18 Aargh Trouse

itam Kong. Tel: 2106, 38704

SUSTEL

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