5000 * 100
U.S. IMPORTS West Europe
FROM ASIA
INCREASE
Washington, May 16.
United States merchandise imports from Asin jumped $47,900,000 in March from February, but were still less than in March, 1960, the Commerce Department reported.
Shipments tɔ
this
country | $82,503,500 agate $1,700,000 fiem all Asia In March were in February, and $98,800,000 in valued at $215,700,000 empared March, 1800. with $107,800,000 in the previous mth,
prospering, Hodges says
Washington, May 16. Secretary of Commerce Me
Luther H. Hodges in a nows conferenco today reported that ho found conditions of prosperity and industrial expansion Western Europe during
In
his recent tour there.
He said that business in the 2. Imporis from the Philippines 14 in March wero $31,100,000 countries he visited "is kicking in Febru-n the roof," meaning that there against $22,000,000
strong
In the upaurge In March imports were rubary, and $27,000,000 in March, a
economies. then Elantially high:r
in 1000.
Mr Hodges and that in West February
from Japan. India, Importa ftan India in March
against $17,- Germany there are 000,000 un- Indonesia, the Philippines, India were $22,900,000
de- and Malaya; and were up 600,000 in February, and $10,- Alled jobs and a struller
mand for additional Jabour slightly from Hongkong, Singa 800,000 in March, 1960.
United States imports from exists in Italy and France, pore and Korea.
Jie Buld that
In other Far Eastern countries in
with Febru-Western Europe is basically due March compared
to the recovery of countries ary, 1981, included:
Fren the Federation of destroyed during the war and Malaya, $8,300,000 against to the fact that other countries not like Sweden which were $7,000,000;
have found in- Singapore British badly hurt From Borneo, $500,000 against $800,-ercasing markets. 000;
TERRIFIC DEMAND
United States Importa trum
GERALNEJ
THE CHINA MAIL,
WEDNESDAY, MAY 17, 1961.
.
Wall Street registers HONGKONG
New York, May 16. Heavy industrial issues rose sharply today on new evidence that business scored a strong, widespread gain in April. Electronics and other special situations lagged be- hind the old line blue chips, steels, motors, coppers, oils and rubber stocks, which rose on a Commerce Department report of large April increases in personal income, factory sules and new orders.
gained A
Bank of Nova Scotia Herch Life Savers
73
Union Carbide couple in the chemicals, Ken. Tel. Co.... necott and Magnia two or three | Hai Telephone
In the coppars, US Gypsum a Beneficial Finance handful
the building Badix Aviation Corp.
Ilenzuel Coas
in
Philip Murels overemchens Starl materials,
the tebacens, the oe in
Ford around two In the motors and two in the Goodrich around rubbers.
Texas Instruments and IBM were weak spots, falling two
(T
CAB Picking Corp.
Cana. BrewCŃK
Comm
sharp
Lily Tulip
· | Lilten Ind.
Locked Aircraft
Loews Incorp.
on Star Cement Co. Lowenstels & Bo McDonnell Aircraft besaul Iron Corp.
Lorlard P.
BzeDarmott J, Ray,
Merck.............................
Minnesota Alining Mission Development
Monsanto Chemical Co. Monieckins
69% Momgomery Ward
GOT
Motorola Inc.
15% | National Biscuit Co. ....
National Cats Hor.
656 National Dairy Prod.
A
61
rise
Schenley Inc.
13414 Beot Paper
4314
Blegler Carp,
34% Sinclair Oil
Smith, Kilitle & French.. aocany Mobil Ou
15 Boush Puerto Rico Super 42% Southem. (The)
24 Southern Natural Gas 047 110
07
Southern Pacifle. Co.......... Southern Railway (Com.) Sperry Rand-
Textron Inc.
Thickel Chem.
Tido Water 02
Pu
STOCK EXCHANGE
Our Own Corresponılda).
dot xd
47
42
Blandard Brands
139
Standard Oil of Ind
Atandard Oli of Cal
Business dene at the Hong-
Slock kong
Exchange morning mounted
ap- Noon proximately $5,100,000.
the morning's quotations and transactions:
10
JOTR
Standard Oil of NJ.
639
Shares
0115
| Sterling Drug Co.
50012
Stokely Van Calop
HK Bank.. $20
Stone & Webster
EN | National Lead you.
DI
Studebaker Packers Corp.
E. Azia
240
Buyers Bollern
424 41544
20 422 100 4 244
Balen
unt $234,300,000 March, 1909.
40
Flaring Airplane
British Culumbia Pwr.
Borden (The) Co.
arroughs Add Uritirst Amer. chine
National Steel Corp. 4015 New York Central 043
Bimahine Msing
Lombard
1976
Swift & Co.
433
Whart
59 dr 350 200 ar 304
Noranda Mines Ltd. 3414 Norfolk & Weriem Ry,
48
Taxes Co.
70,21%
10036
Telkoo Bock
37
North Amor. Aviation .... Northwest Airlines (Com.)
42%
4713
2015
XD HK Do
7316
32
Oklahoma Nat. Gas
379
1900 21.00
Canu. Uk. of
03
Devatora.....
Time Inc. ******
Traders Finance
20021.03
491
Owen-filinols Class
114
Oxford Paper_Co.
34
071 Travelers Inc. .....
Wheelock
Pacific N.
2544
Pacific Gas & Elec.
Tri-Cont. Warranta
. 10.70 10.00 5300 10.40
500 G 10.GO
12
Twentieth Century Fox Film
Tit
Fan American Airways
Cat. Tractor
23
Paramount Pictures
TRI
Union Carbide
Penny J. C, CD,
02
Valon Out of Cal.
c. 1. T. Fingmelal Corp. Chrysler Mintors Chell Pentiorly
Philip Morris
DOT:
Union Pacile Railway
Procter & Gamble Co.
United Aircraft
Plitzburgh Plate Gloss
CD14
United Frutt
Partisad Gen. Zire..
4512
United Gas Corp.
13
U.S. Oypett
100
L
US. Lo Co.
01
Pure 01
V.M. Rubber
U.S. Smelting
1024
0114
US. Steel.
03
IK Hotel
223
UB. Steel 7 P.C. P.F.
14019
JIK Lond
68%
C43
Warner Bros,
Jas Reynold Metal
Waukesha Mctor
Reynolds Tobacco
118
Weringhouse Air Broka
27%
Royal Bank of Canada
7012
Westhouse Electric
In Land
Delaware & Hudion Co.
102 Royal Dutch
4152
Western Union Tel, Co.
Hght...
Dirmond Nat'l
Rheem MiR.
201
West Va. Pulp & Paper
5912
Distillery-Seegrams
40
Soara, Roebuck & Co
Winn-Dixie Stores
Yaumati
Dominion Stores
741
Shell Di Co.
Woutworth (K. W.)
OR
1 Tram.
Douglas Alteraft
Safeway Stores
4613
Zenith Radio
149
784 | Saint Reg. Poper
UPI.
Ch. Light
374 37
Canada 11 Co.
more, Ling-Temco dropped | Campbell Roun Co around a point while most now Lional defence issues casier.
were Cas
Other strong spots were Amerace, Revlon. Alcoa, General
Americon Foods, Tobacco, Mock Trucks, An- aconda, Honolulu Oil, Pure Oil, Chesapeake and Ohlo, Louisville and Nashville and International Nickel
Today's volume was 1,110,000 shares. Of a tutal 1,287 issues traded 657 were higher and 450 lower.
American Exchange was 3,440,000 shares.
volume
Bonds volume amounted to
$7.770,000. Dow Jones closing
averages:
30 Industrials
20 Rails
13 Utilities
65 Stocks
40 Bonds
Comm.
Future
Price Index
097.74 up 5.37
Celatere Corp.
Colombian Carbon Ca. Commercial Credit Corning Glam Works Cenaclidated Edison Consumers, Gos Consolidated Paper
Continental Cris Continentsi ofl of Del Creole Pet
Crane Co.
Cabin Amer, Bugar
Dow Chemical
Dupont de Nemours Eastern Air Lase Fastman Kodek
144.93 up 0.2321 Varo Natural Gas
113.01 of 0.10
232.34 up 1.04
85.83
140.34
Closing prices
Abitibi Pwr, & Paper
Alden Ing. Acy.
Algoma Steel Corp.
Allied Chemicals
Albed Molly Inc.
Allis Chalmers
Am. Brake Shoe
American Airlin
Am Cable & Radio Corp.
Family Finance Corp vero Corp.
Firestone Tyre & Rubber
First Nat. City Bank
Ford Motor...
Georgia Pacific
General Dynamter
Eleneral Electria
General Foods
405%
ט
Publicker Industries
Pullman ****
Radio Corporation
Radio Corp. Prel.
Raytheon....
Republle Steel.
40
71
General Motors
477.
£30
Den. Pub. U.
301
2012
302
Gen. Tel. & Elec..
Gen. Tyre & Hubber
781%
0012
Goodrich I. . Co.
foreign
trade
Goodyear Tyre
20
4 Grumman Aircraft
Great Northern Trailway
413
341
2015 Gutt Dil .....
Hammend Organ
figures helped halt the decline while steel stacks Improved on news that the Industry is again
Hiram Walker
401
GBY
Homerlake Mining Co.
212
Hurston Refrig
ind
..(tiew)
57A
dal Power
Ad
3211⁄2 Imperia) 011
4616
0031
Imperial Toharco
701
Yoland Steel Co.
totercheusteal Coru.
1261
Int! luxiness Machines
003
Amertean Cyanamid Co
Am. Qad Electric
Am. Home Prod.
A. Mach. & Fry
Amerie Metal
Am. Natural Cas
American smelting
Am. Sugar Ret.
American Tel & Tel
438
0d.
HIC Dock Provident..
::
::
דיה
B00 16.90
113 113
000 14
53%
344
300 / 343%
300 34%
000 34
404
47
7513
78
1000
1812
100
70
200 75
B&E
107
48
HK Elec.
372 373
20 כסאל
1000 75%
100 G 51
4300
KK Tels. J
54 54
3102 54
1000 54
G.1. Cement
40 C61
DOD OF COAS
Dairy Farm
411%
412
3000 100
4000
554015
41 41% 41S
2000 $15
3004174
300 43%
1000 a 41 1000 or 41%
000416
American Tab.
Ampex
Anaconda Copper
Armout
A-bestos Corp.
Allas Cons, Mining
#tyrin-ir-1am.
Paltimore &
Ohio
Bank of Montreal
to
Tail Harvester
251% | Naternational Nickel
A+
formational Paper
4811 | Int) Tel & Tel 2014
10
Jona-Manville
Co
Kaler Industries Kenneent! Copuer
941; | Kimberly Clark
Liggett & Myere Tob. Co...
Although the work of the Hong Kong Anti-Tuberculosis Association is planned meet the needs of this particular community, it is also part of the universal effort to crodicate tuberculosis. Scientists, the doctors and others specializing in treatment of tuberculosis throughout the world have made great discoveries during the last few years and the fruits of their labours are being made available to sufferers of this disease here in Hong Kong who seek the aid of the Hong Kong Anti- Tuberculosis Association,
The future development and extension of the work of the Association depends very largely upon the Annual Appeal for funds and it is good to remember that every donation represents an investment in health protection for our children and for ourselves.
Cheques Bhould be orossad and addressed:
"The Hong Kong Anti-Tuberculosis Association" c/o Messrs. Lows. Bingham & Matthews, Alexandra House,
or wint
c/o Bouth China Morning Post, Ltd,
LONDON STOCKS
London, May 16.
Stocks rallied from a morn- ing setback today but small fatts still dominated the Industrial list by the final boll.
The
April
asking for a price boost.
Blue chips moved narrowly. Gold shares eased on cape sell- Ing. Coppers idled and this were Olls 143 clipped by profit-taking. BOLS gave up a little ground.
shaded Government bonds
assented edged 701upward in the foreign sector. Dollar stocks were mixed, US. Steel and Bethlehem up, two and three points respectively while Shell lost a point
A but Japanese
24th
73
11
0412
*
and
20 Jersey Standard slipped .-
UPI.
Closing prices
British Government Securities 215 Consolidated-£4214.
31 Conversion 60-5/10. 1. Savinga 1985/65-292-7/18.
Savings 1960/70-£7024. 3. Savings 1005/75-£72-9/16.
Overcas Bonds 5. German Dawes)—R. 5 Japanese, Asented £154
Danke insurance
Barclays Ord--93 94 Chartered Bank-Gir Guardian Assurance-130 34. Hongkong Bank-1015. Lloyds Banks 3d. Lombard Nanking Ord-234 Ed. Prudential Assur, "A"-£27-0/18.
oli British Polruteur-52 Ed. Burinali IL-42_34. Shell Transpert Ord-1851 04.
AMERICAN
ESTOCKS!
WHIN
COMMODITIES.
WHEN DUY
TECHNICAL
ANALYSIS
On Stock Trends
Research Dept. PERENNIAL TRADING CORP. #15-810 Edinburgh House along Kong Tel: 21814, 33384
DIP
Royal Dutch-E25%. Ultramar Company-35s. 18i.
Steals & Engineering Babcock & Wilcox Urá-Vis. Guest, Koon Ord—1970 ca. Herland & Wollt, Ord-its 90. Slaware & Lloyds Ord-55% 3d, Bummers & Sans Ord––81s 34. Tube Investments-Bas Kü. United Steel-076 36, Vickers Ordmate 7140.
Electric
Assoc, Elec. Industries-42 Elec. & Mun. Industries—478 1011⁄2d. English Electrie Ord-348 @d. General Electrle Ord-30s 3d. Philips Lamp Works-CSIN. Rediffusion Ord.-3s Tijd.
Industrimis
Assoc. Portland Cement-90% 15. Boardman Marden Ord-61 04. Borax (Holding)-31 3d, Dunion Rubber Ord-20s 4!. Fisona Ord-558 3d.
Gilman (Holdings) Ord.--ða 111⁄2d. Internaifanal Computeru_105%. Tumar & Newall Ord-70% 41%d. Unliever Ord=1549 454d, Wiggins Teape Ords 3d.
___Chemicals
Imperial Chemical Ord---80a 11⁄2d, Monsanto Chemicals Ord-241 38. Cinemas & Television Moss Empires Ord-141 ħd. Rank Organisallon Ord-35g. Stall Theatres De 83.
Paper Bowater Paper Ord-461. De La Rue Ord-dis 64.
Tobaccos
British-Amer. Tols, Ord-738. CATTOTNA "X" Ordis úd Imperial Tobacco Ord-07 0
MGLOTE
British Motor Ord-20s 1010. Hawker lddeley Drd-20s. Jaguar Cars Ord-100s. Roll-Royce Ord-is 714d. Westland Aircraft—194 30.
Textiles
Bradford Dyors'—176 7lvd. Callco Pelators' Ord-14u Col. Courtaulds Ord-45%
ine Spinners Ord-29% 11⁄2d. Lancashire Cotton Ord-589 2011⁄2d.
Brewerles
Distillers Co. Ord-ila 101⁄2d. Guinness (Arthur). Ord---50a od. Ind Coope Ord-214 705d.
Great Universal
Store
03
House of Fraser Ord-50 34. Lyons (J) "A" Ord-1074_pd, Marks & Spencer, "A" "Ord-1135 10.
Tate & Lyle Ord-blɛ Od. United Drapery Ord.--Jun 30. Woolworth (FW]] Ord=610.
Bowmaker Ord=24% 75%0. Canadian Partie, Orch-34754. Cuinerd Stoomatip Ozdida 9d. Forestal Land & Timber-12 ød. Hangkal Co.-2014..
& China Gas-15,
06.
Fusion
Indo-China Def. Ord--234. Land Securities Ord-Dis.
P. & O. Steam Nav. Def-435 45.
Dies
De Beers Def-1158.
London Tin Corp--ila 1958.
Petaling
1d.
Rhodeslan Anglo-Amer. Ord.-50s
Rio Tinto Bearer)-40% 12. Roan Antelope Copper-la 90, Union Corporation (4.
Od.
Welkom Goju Mining-12 Western Holdings-200E 94.
Rubber & TERE Anglo Indonesian Plant-la Gol. Ceylon Tra Ord-15% !. Imperial Tea Ordis 30. Kuala Lumpjar-Kopong-Sa 0d. Lambak Rubber-85a
-Houter.
2000 16.70 Japan in March were valued at
1505 10.00
2500 60 34
200 or $434
$40 or 5015 100 130 3200 or 40
GOO 304 2000 73 40 200 A 40 2800 374 -100 371 23003712 800 3714 100 G
374
300 or 5425 100034
100 6 B49
3000 12
800 4114
Watson
Allled Inv. Texilie
40
8,15
5004075
8,30
4000 or 5.00
Nonjang
14.60
15
Amal. Rub.
0.16
0.05
2000
1000
nub, Trust
0.10
8.15 1000 8,10
1000 8.15
H.K. & F.E.
iny.
20.50 24.00
1400 en 20.40
1000 26.40
2500 2016
Climan
15.03
8.15 5000 45.20
Really
4.625
2000 3.20
20000 or 5.13
16000 # 3.10
2.03 300 Games 20000 2.629 1000 tr 2,03 38000 * 2.329
K'loon
Bun 121;
13
50
Lane, Craw. Int'l Invest. 15.70 13.30
City Hotel. Humphreys
20000 on 2.023
5000 v2.35
82
Britain's trade gap improves
London, May 16. Britain's trade gap narrow-
cd sharply in April when the excess of imports over exports contracted' to £24 million against £74.1 million in March. The April gop was easily the lowest this year. Exports
valued were million, imports £313.6 £350.3 million and re-exporta £12.7 million, Board of Trade Ogures showed today,
at
at
The rate of exports In the first four months of the year was four per
cent better than the average for the whole of 1000.
In the February-Aptll period the rate of imports was five per cent less than in the September- Over the first January period.
of 1980 four months
imports were per cent less than the average rate for 1900, officials sald, UPI.
Metal market
London, May 10. The un markel, was steady. Copper opened on a firm note the firmness of over- today on night U.S. futures and the one- cent rise per pound.
Lead and zinc were stendier today-UPI.
From the Republic of Indo- nesla, $14,100,000 against $11,- 500,000;
From the Republic of Korea; | $500,000 against $200,000,
From Hongkong. $8,100,000 against $8,300,000; and
From Taiwan, $3,600,000 against $3,000,000,~UPÍ.
Rubber
market
the baoin
Ho said, "The consumer de- Western Europe) is mand' (in terrific.
"The people are buying thele heuds off."
Mr lodges told reporters thy U.S. International balance of payments situation is improving. He said that the United States defelt recently has been running at an annual rate of only $1,- 240,000,000 as against $3,800,- 000,000 in the previous year.
Mr Hodzes emphasised Pre- sident Kennedy's recent pro- posals on the textiles situn- tion had not recommended U.S. mandatory quotas textile importa
00
I said that the only rentin
for such an inference by a te porter who asked him the ques
lun was that the
pregrummo
Singapore, May. 16. On confirmation of three Russian steamers due to load during May, prices advanced slowly with set- had provided for a study of the textile situation, which had not lors reserved.
on the yet been made. sheet was Lewer
MT side with small
paucity of
Heatges said that he had,
attention while in business aggravated by lack of given some
that Europe to the possibility autright sellers.
was European countries might allow quiet with prices moving very more imports of textiles from
under-developed countries, slowly.
He reiltrated that voluntary action
the best approach to International textile
The afternoon session
was on 2 Email
Trading scale.
In London, the rubber market the was vory steady with spot gramme.—UPI. quoted at 26-11/19 pences,
In Amsterdam, the market was quietly steady today-UPI.
UNIT TRUSTS
First Hongkong Fund: $1.34 (buyer), $1.43 (seller).
Second Hongkong Fund: $1.01 (buyer) $1.07 (sellur),
COMMODITY
RUBBER
SINGAPORE
Closing prices all in Straits
cents
June
May
METALS
LONDON
Closing prices, all in sterlin.
per ib. f.o.b. Malayan
ports:
per long top:
No, Moy
214421
3500
10.00
No. 1
20.20 23.10
No. 3 May
2050 No.
No May
86-87
91-8112
2-9034 05-00
Tin
Spot
Spot rubber unbaled
DJ1-201
Blanket crepe
16-20
10-W!
LONDON
Agreed merchant
Belgion selling 859.
rates
Froncs,
No. 1 pale crope
Closing prices al in pence pur
Ib.:
No. 1 Tins spot
243%
Settlement house term:
June
2034-27
July/Sept
maximum Oct./Dec.
Jan/Mur
27-271
Apr/Juma
201-27%
2011-2012
2013-2034
Exchange rates
General markets, elf. brala.ports: Kay
June
Estate crepe thin June
thick Jung AMSTERDAM
Closing prices all in guiders B.TOE per kilogram, cl.t. Muy.
peal Business was done in the un melal exchang
this market morning at the following rales; 7.9. dolar (per 41) Sterling notes (per £1), Australian notes (per }).... Indonesian rupiah (per 100) Stam tiel (per 100) Bingapore (Biraits)
10. No. 1 rubber 12.00 No. 2 rubber 3.5 No. 3 rubber 20.75 No. i
2.00
стере
3-month
Cupper Eput
3-month
LCUL
Spol
Buyer Beller
BG975 470
E74
274's
245
240
07!
3-month
GS
Zine
2134
613,
G11
~~UTI.
COTTON
Noi
Income
STO-
London May 10. Income of the Royal Dutch Shell group for the first quarter of 1961 was £42,060,- 000 against £41,781,000 for the in 1960--Chita same period Mall Special,
PRICES
July
Oct.
SAO PAULO (Closing prices all per kilo)
24,20
cruzeiro
Average price in US. at 14 des elmated spet maracts: 31.60 cents.
Total sales: 2,225 haler-UPI.
FOREIGN EXCHANGE
NEW YORK
Closing rates; Canada
England omelai
Australia
10-days
New Zealand
Others unchanged.
LONDON Closing rates; New York Mortreat Amsterdam
| Braznels
Copenhagen Frankfurt
NEW YORK Closing prices all in cents per bon Thi
Oslo
Spol
34.15 nom Parte.
247 buyers
July
33.20
Stockholm
2,45 buyers
Dot.
24.13
Milan
244-buyers
Dec.
34.49
-UPL
209 buyers I
Mer
30.03
Vienna Zurich
May
1.41-3/10
27000 2.1351
2.7049
2.70-5/10-279-7/10
2.10-2.7518- 20.049-10.0456 130.686-139.0745 193387-19.30 11.00-11.0015 80.13-1 20.00-23.0156 11.0315-13.001 14.412-14.43
173311-1734
72.81-72.04
12.00-12.0015
UPI.
JAL's New Service
from Tokyo to Europe
COPENHAGEN · LONDON AND PARIS via the NORTH POLE
in joint operation with Air France-
Commencing JUNE DC-8C Jet Courier
APAN AIR LINES
JAL
CONSULT YOUR TRAVEL AGENT OR JAPAN AIR LINES TAKING HOUSE 30 DES VOEUX RD.C. TAL.26063 (5 LINES)
PENINSULA HOTEL,KOWLOON. TEL.60660.64095