THE CHINA MAIL, WEDNESDAY, MAY 24, 1961.
Wall Street closes HONGKONG LONDON
Selective
salos
New York, May 23.
In the afternoon loft stocks Irregularly lower at the close today with volume moving upwards in the final hour.
Steels, buoyed by a further rise in industry pro- duction went against the trend, featuring gains of more than a point in National Steel and Youngstown. But rails, utilities and motors generally were down fractions.
Leading chumleals mixed.
Electronles
were
Delaware & Hudson Ca were
Diamond Alkal
Diamond Nat!
Diaters SeaKtems
agias Aircraft
widely
Dusent de Nemours
mixed featuring gains of around Ave in IBM. trading ex- dividend, and Haveg.
Today's volume shores.
Dow Chemical
Eariern Air Line
Fastian Kodak
18%
00
4514
401
Motortilą Inc.
lower
National cult Ca National Cash Beg. "A"
National Dairy Prod. National Steel Corp. New York Central
National Id
Noranda Mijar e Lidi
Hertek & Western ry.
North Amer. Aviation Northven Airlines (Com.) Öklabama Nat. Gas
Olin Mathiemon
Dils Elevator Owen-1nol
Oxford Paper Co.
Pelic Can & Elec.
32: Pan American Airways
TOZA
Parstont Pictures
Parke Davis Co.
Penny J. C. Cu.
Penn, Salt Co.
212
2014
1132,
El Paso Natural Clas
PEP
Pit Marr{s
434%
4!!
was 3,600.000 Family Winsen Corp.
Ferro Corp.
Of tutal 1.207 shares traded, 404 were higher and 507 tower,
American Exchange volume was 1,070,000 shares.
Bonds volume amounted ta $5,670,000.
Filestone Tyre & Rubber Fint Nat. City Bank
Ford Moto
Geoigla Paciste General Dynamics Generat Electric
neral F}*
Generri Motors
Gen. b. U
Gen. & Elec.
ג'מה
E
Pitney Bowes
Procter & Gamble Co.
Pargh Plate Glass
Portland Gen. Eleg.
Publicker Industries 7324!
30% Pure Dil
Statin f'orporation
70 taille Corp. Pref.
Baythear
204 lepubile Steel
leynolda Metal
Teynolds Tobacco
43
273
den. Tyre & Rubber
Gelty it
20
30 Industrial
700.59
146.40
Dow-Jones closing averages:
20 Rolls
lidden Co
Gendrich, KA DO.
Geer Tyre
113.32 Great Nanthera Hallway
Staval Fank of Canada 421 toyot Dutch
Cheern Mt.
4211 Beavy, Rochuck & Co.
412 Shell C Co.....
Safeway Stores
15
Ulitics
65 Stocks
233.15
Grummen Aircraft
Guir O
40 Bonds
B5.87
39
Hammond Organ
Saint Hee, Paper
349
Schenley Inc.
Comm. Futures Prices
Index
145.41
Heyden Newport Corp.
Walker....
271
40
Brot: Paper
Honestake Mining Co
44
Hmmon Refrig
10
Idatio Paver
Imperit Ou
Closing prices
Allied Chemicals
Imperial Tobacco
Inger-and
Toland Steel Co.
Interellest Corp.
In Pusine Machiner
Harvester,
Smith, Kling & French
Sieger Corp.
sinclair O
6314 Sheony Mobil all :... 401
South Puerto Rico Supor
149 | Bouthern Co. (They
בלת
121, Sleen Rock.
Sterling Drup Co.
905, Stokely-Van Camp.
1+
Stone & Webster
Studebaker-Packard Corp.
Sunshine_Mining
By | Tinted Glas Corp, 2015 15. Gyprum
JUN 1,08 Co. 19. Rubber BUS. Smelling 60118, Steet
US Steel 7.C. PR
3331-
105
5412
501
STOCK EXCHANGE
Our Own Correspondcuf
Business dune at the Hong- 3416 kong Stock Exchange
DA
10
140
in
Warner Troete
1107
Waikerho Motors
47% Westinghantre Air Brake
2014
2011 Westinghoure Electtle
451
Wertesh Union Tel. Co. West Va Pulp & Paper
Winn-Dixie Stores
Woolworth K. W)
Zenith Narko
this
morning amouned fo ap- proximately $3,140,000. Noon quotations and the morning's transactions;
Shates Dayerò peliris
410 IK Dad: ..
418 100
Saler
30 424
1000
100
420
120
420
10 422
4u w 18
E. Ana Lombard
240
49
301
Talkoo Doch NK G...
721. 24
New York
sugar market
Now York, May 23.
World No. 8 sugar futures
Whart
Wheelock..
today closed unchanged: UK Dock eight points higher Providen! with sales of 187 con-
to
tracts.
Domestic No. 7 sugar closed HK Hotel.. unchanged to 3 points higher HK Land with sales 173 contracts
A wider trade participation
in the world contract pointed
up the firmer raw sliyatlon. HK Land
in the world spot: Feature market was the reported
raws
21.30 25.40
204410
20343
100 215 J500 e 21.49 2000 21.40
STOCKS
IMPROVE
London, May 23. Selective buyers gave tho Industrial list afirmor look today in quiet trad- Ing but the leaders only measured their gains in
in
The selling trickig that mark- ed pre-hellduy markets had a parently dried up, except government bonds which lost ground with 10lls
- 10 up £3/16ths.
Dollar stoein Phye
atrixed display, Chrysler two pints up. US bleet off two, Bellikmam op
14 and international nkkel up
one.
Grej bonds gulned around
2004 2133 ene poln and Japanse asented
1000 21.40 į
tn
10.00 10.00 4000 hotched gains up to £14. starred Selection trust otherwise dull coppers and put on 37 to nearly 87. shillings, 16.70 Resumed easter buying put 500 16.00 tina back en the upttack after their recent selbuck.
3000 17
10.00
TUDO
16.00
BQHD
16.th
1000
100
300 741
34
50474
200 74
160)
74
sale
tight Yettmatt
49
60
112
413
IJA
130 500
130
200
135
IK Tram
3000
3
Ch. Light
37
$900 2012
of
100
300 or 30%
100 37
500 / 38
to an operator of 48,000 tons of Brazilian
for Japanese Chilean destinations $77.10 and $76.28 a motele ton. #respectively, fob., August 15- September 15 shipment from a C3% southern Brazilian port.—UPI.
Southern Natural Gas
Ablubi Pwr. & Paper
报
Aldea Inc. Acy.
45
Southern Pacifle Co. Southern Railway (Com.)
2376xd
54
Aloha Steel Corp
40
430xd Sperry Road...
32
01
6342 | Stundhed Brands
Allied Mills Inc.
4414
Allis Chalmers
International Paper
Interntial Nicked
DO
Standar: Oil of Cal.
5122
34
Storit Oil of Ind.
Baxd
and
Am. Drake Shoe
Int'l Tel & Tri
51
Standard Oil of NJ
437
American Airline,
Keiver Industrion
Am. Cable Radio Corp.
Hanya C Power & Ligh
70
Amarlens Cyanamld Co.
431
Rancott Coper
Am. & Foreign Power
1-
Am. Gai & Electric
Khimberly Cirk
otta
färgett & Myers Tub. du
851
21015
taly Tull,
Go
54
Fition To.
120
Swift & Co.
Lugkleed Aircraft
41
Техан Со
19
Tw Theorg
242
Textron Inc.
Lone Star Cement Co.
Cat
Lorithard P
525
Tide Water Oil
125
Lowenstein & Sons,
15
The Inc.
70-1
MeDetmist 2. Stay
44
Traders Finance
201
McDonnell Alteraft
24
Merek
B3
Tri-Cent. Watrants
Armeo Steck
701%
Merabi Iron Corp.
115
Armour
404
Minnesota Minteg
121
in Carbide
Twentieth Century Fox Film
Ashertos. Corp.
2014
Miraton Development
243
inlun Oil of Cal.
Atlas Copa. Mining
Monsanto Chemical Co.
Union Packfle Railway
Baldwin Lima-Hein.
1614
Montrestinl
sat
United Afteraft
bank of Montreal
Ballimore & Ohto
334
Montgomery Ward
2) United Fruli
American Einriting
Am. eine Prod.
Am. Mach. & Páry
American Melai
Am. Natural Gas
Ain. Sugar Dok.
Amican Tol & Tel
Ampex...
Anaconda Copper
Amerten Tob.
501
Thlokol Chem.
Travellers Inc.
London metal
London, May 23.
11K Elec.
37 37+
021 53!
0512 0012
HK Tele.
G.L. Cement
Dalry ForIN
Waixo!!
0915 3016 10 400
Altfed : Textile
Nnayang
"
15.10 15.40
was steady
The copper market ppened on firm noto today and a very after moderate trading, it finish- ed 2% higher on the day.
The in market today.
2046
Į lavest, 12.30 12.40 04 13.25
A. Hubber Both lead and zine were also Rubber T. steady,-UPI.
COMMODITY PRICES
SUCAR
Bank of Nova Sculla
Beech Late Savers
13. C. Tel. Co
Bell Telephone
Bonencial Finance
Bendix Aviation Corp.
Benguet Cens.
Bethlehem Steel
Buring Airplane Borden (The) Co. Burroughs Add Machine British Amer. On_.......... British Columbia Elec. British Columbia Pwr. Calif. Packing Corp. Cano. Bc. of Comm Cana Prewers
Campbell Soup Co.
Canadian Pacßle R.
Cat. Tractor
Celanese CurD.
C. T. Financial Com
Chose Manhat. Bank
Chrysler Motors
Cluets Peaborly
Colgate-Palmolive Co
July: 2.45-46; Oct; 3.36; Mar: 5.21;
1 May: 948; July: 3.10; Spot-Work
Avenge): 3.40.
Total Sules: 181 contracts,
Open Interest: 1,118 contracts.
Contract No. 7 (domestic)
July: 0.37; Sept: 0.51; Nov: 0.50; Spot-Bulk, dufy paldi: 0.42.
Tolat Sales: 171 contract.
Mterest:
2,532 contracts. -
Case (. 1) Qu
1101
May
July
NEW YORK
Oct.
Clusing prices, all in veals per
Dec
Mar.
ib.:
Contract No. 8 (world)
May
July
Colombian Carbon Commercial Credit
AB
Coming Girse Worke
17217
Consolidated Edison
AI
Consolidated Paper
42%
Consumer Cag
1814
Continental Con
空
Open
Continental Oil of Del.
UPI.
Creole Pet
30
Crown Zellerbach
501
Crane Co.
Cuban Amer. Sugar
STOCKS
WHEN
SELL
COTTON
Mixed Contract
388338 2992a36
RUBBER
NEW YORK Rubber futures closing prices,
No. 1 rubber
7.48 buyers
No. 3 rubber
No. 3 rubber
No. 1 crepe
236 buyers
2.34 buyers 2.00 bierz
LUPI.
METALS
NEW YORK
Closing prices, all in sterling
3-month
งงง เป
6.70 4.00
; לארי
300 13% 500 3745 500 4 1 2300 $3 1500 53
100 00 200 Fr 00
3000 6 12.40 2000 vs 0.40 2000 8.30 0000 19 15.30 5000 15.20
3000 or 3
Offs were narrowly irregular. Teas firmed but rubbers were quiet.--UPI,
Closing prices
British Government Securities 2. Consolidated-£41-18/15. 31 Conver£651
3, Savin 1955/0512-5/10.
1066/70-£79-1/IG. Savings 1985/23-272-7/19.
Oversee Bonds
3. German (Dawes)-64) 5. Jupanese, Assented-155. Banks & Ingunner
Barclays Urd-92 8d.
Chartered Bank-50% 0. Guardian Atsurance-157 91. Hongkong Bank-102 Lloyds Bank-73
Lumbard Banking Ord.-229 7. Prudential Assur -£27-3/10. Royal Iurance Gid-170 Du
Qu
British Petroleum--30 d. Burinal Olt-405 .
Shell Transport Ord-101s dd. Buyal Dutch-El2. Ultramor Company-33m 3cl.
Beck & Engine 1. Babcock & Wilcox Dorman, Long ---30
d.
Guest, Keen Ord-103s 3d. Harland & Wolft. Det171 S. Stewarts & luyds Ordt-55%. Summern & Sons Ord-dos Oct. Tube Investments-78a id. United Steel-65% Pd, Vickers Ord37a, fall.
Electric
2000 or 15.10
B 8.15
1000 8.19
330 0.10
2000 1.16
2000 of 8.10
HK Realty
232
2.80 8300 2.80
10000 # 2.775
Assoc. Elec. Industries-43 Elec. & Mus. Industries-44 4. English Electric Ord-35 6c. General Electric Ord-374 5d. Philips Lamp Worka-211-13/32. Rediffusion Urd-428 754.
ct.
10000
2.775
74d.
1000
2.00
2000
773
10000 6 2.7
2000 2.80
10000
5000
2.775
3000 ch 7.35
20000 2
20000 2.723
2000 + 2.30
10000
23
2000 2.775
10000 » 2.775
(N)
3750 1 2.60
1250 or 2.00
City Hotel.
33
100331% 4336 33
83 33%
4.20 51% 20000 * B33 4000 3.15 10000 + 53 13000 a 350D 50 $1 400 A DOS
40 to 30
26000011⁄2 200210
400 € 213
20 20.30 1000 & 20 3,80
1000 03.03
Agreed merchant
rates
Climan
Closing prices all in cents per
K*loon Bus
11:
Lead
Stay
10.37
July
10.40
Zine Moy
1120
July
11.
Copper May
32.5
July
22.85
Star Ferry
Craw.
212
51 01
200 31
HK & FE
LONDON
all in cents per 1.
Inv. Sungala
REX
Standers!
May
31.20
31.20
July
31.20
31.00
per long ton.
Sep.
5025
30.10
Muyer Sellers
Nov.
30.15
30,00
Tla zpat
#70
Jon,
30.00
20.05
NEW YORK
Mar.
29.05
Cupper sput
0724 247
B73
247
Closing prices all in cents per
May
29 US
24754
248
SINGAPORE
Lead sout
ib.:
Spot
34.20
July
33.31
cents
3+mcath Zine pot
3-mont
621
02
Oct.
33.11
ports:
UJI.
Dec.
34.55
No. 1 May
077-04
Mar
35.05
No. 2 May
WHEN
May
33.31
No. 3 May
875-8712
July
15.25
No. 4 May
0334-841
DUY
Sept
34.27
Spul rubber unbaled
670-30
Dlanket crepe
7316-7435
9214-04
lb.:
Spot
Oct,
Dec.
Mar.
1 Mny
Closing prices all in Straits
per 1b 10.b. Malayan
NEW ORLEANS
Closing prices all in cents per No. 1 pale crepe
LONDON Closing prices all in pence per ib.:
TECHNICAL
ANALYSIS
On Stock Trends
Research Dept. PERENNIAL
TRADING CORP. #16-810 Edinburgh Housa Hong Kon
Tel: 24040, 38384
SAO PAULO (Closing prices all in eruzeiro per kilo)
Average price in US at 14 desip- nated spot markets: 31.00 cents.
Total sales: 15,981 bales.
per lb.:
LIVERPOOL
prices all in pener
Oct/Dec.
07.2/3
FORLIGN LACHANGE
LONDON
Cicsing rates: New York Montrent
Amsterdam
31.75
33.27
34.07
34.51
No. 1 BBDʊt Settlement house term:
26 1/10
35.01
June
28-2016
33.27
Jaly/Sept.
2011-2014
3in./Mat.
2016-201 2015-20)2
Apr/June
2013-2015
Geveral markets,
cf.
basis ports:
June
24-251%
July
254-2574
Etste crepe
thin July
Closing
Thick July
American Contract
Closing prices all in guilders
Vientia
Zurich
Moy
24.00
per kilogram, cl.t. May:
AMSTERDAME
Brussel Copenhage Frankfu Lisbon Ovlo Parts Stockholin Bilan
Canadian $ maximum selling 17, minimum buying 17% TT 17-3/10 O.D.
West German Deutschemarks
maximum selling 68-5/16.
UNIT TRUSTS
First Hongkong Fund:
$1,33
(buyer), $1.42 (seller).
Second Hongkong Fund: (buyer), $1.08 (seller).
$1
2.7914-2.797 2.75-2.75%
10.03-10.03
139.50-130.35
11.00-11.05
60.13-10.25
28.004%-20.00% 13.00-13.0 14.30-14.40 17:2394-17:34 12.10-7201 12.0912-12.0015
Exchange rates
Busineun was done in the local unofficial exchange marke! this morning at the following raten: 11.5. dollar (per 11).
Industrials
Assoc. Portland Cement-04 Hourume Marden Ord da Dư Borax (Holding)20 34.
Decca Recorda Ord-720 75. Dunlop Rubber Ord-2
Flour Ord-533 94.
Od,
Oman Holdings Ord.--0 3. International Computer--1621. Turner & Newail Ord. (Da 10igd. Unilver Ord-153 1.
Chemicals
Imparial Chemical Ord~70 3.
NSPORTATION
U.S. exports more,
imports less from Asia
Washington, May 23: United States trade with Asia in the first quarter of 1961 compared with the same period in 1960 was marked by higher exports and lower imports.
excess of able today? United States ex- The Uited Stoles.
to southern, exports over Importa was up-i ports
suuthepat eastern Asin In large part to and
during rently due United States
shipments of January-March 1961 were valued at $924,137,000 compared surplus farm commodities and
assistandee to foreign
with $790,210,000 in January- gramanes.
March 1000. (This area does Include Westem Asla, not where much of the trude is in petroleum and oil products.)
pro-
According to Commerce De- partment statistics made ovall-
Boom in freight charter market
London, May 23,
bn-
The tramp frolght charter
market is currently Idying its greatest pro
spority in more than four
shipping years,
reported today.
United States imports from
southeastern southern,
and eastern Asin in the first quarter valued at $500,085,000 agalost $590,553,000 3rt first quarter of 1980.
were
United States exports in first
1901 quarter
cumpared with
first quarter 1000 Included:
To Japan. $437,137,000 against
To Indonesia, against $31,107,000;
sources $329,830,000:
This prosperity is due largely to increased shipments of can-
The Philippines
against $74,215,000;
$42,031,000
$77,342,000
$40,001,000
modlits 10 the For Enal, Το Hongkong, principally to Japan and Com- cgainst $30,047,000;
Transportation munist China.
To Korea, $17,201,000 against routes on these commodities have $47,078,000; and
to Taiwan,
reached new post-Suez peaks, $38.131.000 against $25,247.000. with further increases expected
United States general Imports
in the months ahead,
The Japanese are chartering from the same countries during January-March 1881 compared increased tonnage to carry
grains and scrap incials to feed with the 1900 quarter ing'uded;
their booming economy Com- From Japan, $228,040,000
munist China's intensive drive against $275,000,000;
wave
to secure shipping lo carryi From Indoncala, $38,020,000 groins and sugar has brought against $51,950,000; about an almost unprecedented From
the
Philippines $74,- of chartering in one 022,000 against. $79,000,000;,, direction.
From Hongkong. $20,607,000 Serious droughta in mainlund | against $35,847,000;
From
Korca, $1,287,000 Communists to Import hundreds against $863,000; and
Monsanto Chemienia Ord-235 7160. China have forced the Chinese
Cinemas & Telovilon Moss Empires Ord-144 Paů, tank Organisation Ord-348, Stoll Theatres-ba 105d.
L'aper Bowater Paper Ord-04% Dil. De La Run Ord-07 84. Spicers Ord-82% 30. Wiggins' Tenpe Ord-07% 9.
ТОВЕССОТ Brian-Amer. Tob. Ord-723-442d. Carreras "B" Ort-40 Tad. Imperia: Tobacco Ord-co■ 7:50. Motors
British Motor Ord101 30. Hawker Siddeley Ord-s 44. Jaguar Cars Ord-100. Rolls-Royce Ord—141⁄2 03. Westland Aircraft-Its 7.
Textile
Callco Printern" Ord-14% 714d. Courtaulds Ord-42 10.
of thousands of tons of grains From Talwan, $7,033,000
and
frem Canada
Australia,against $4,310.000,.—UPI, Contracts concluded so for coll for the shipment of 217 million bushels of wheat and 58 million
bushels of barley, worth about Chamber of Commerce
wheat to
425 million dollars, to China during 1901-03. Australla It- cently announced the sale of an additional 750,000 tons DI
China for
July- October shipment,
along accounted Japun
for Aid nearly one-third, or about two million tons of the world's total of tramp shipping lost month, of these shipments were as much as 40 per cent higher than In January this year.—AP,
Pine Spinnerettan Ord-60s 4. and
Ord-208 Gd.
Lancashire
41⁄2d.
Breweries Distors Co. Ord-40 Guinness (Arthur) Ord-56n Cd. Ind Coope Ord-23s 145
Stores
Great Universal Ord-631. House of Truser Ord-07. Lyons in "A"" Ord-101s 2d,, Marks & Spencer "A" Ord-11. Tate & Lyle Ord-52s Dá. United Drapery Ord-70s 8d. Woolworth F.W.) Drd.-30.
Miscellaneous
Bowmaker Ord-Zia 7:50. Canadian Pacife Ordin$49!'. Cunord Steamship Ord-109 Gl. Forestal Land & Tinber~12 dd. Hongkong & Chinn G-15. itudson Bay Co.—£9-13/10. Indo-China Det. Ord-233 Land Securities Ord-Ja
P. & O. Steam Nav, Def-420 750.
Minea
Pritish Tin Investment-42 64.
o Beer Del-113 d. Mount In--54.
Petaling Tin
Rhodesian Anglo-Amer. Ord-58
Ho Tinto (Benrer)-din 3d. Roan Antelope Capper-6s 77%d. Julon Corporation-43 15d. Welkom Gold Mining—126 Ed. Western Holding»-111# JÚ.
Rubber & Teas
rates on some
Lower air cargo rates
Congress
Copenhagen, May 23.
to under-developed liberalisa- countries and tion of world shipping and air transport will bo two of tho subjects dis- cussed by the 18th Can- gress of the International Chamber of Commerce, which formally opens hare tomorrow, Other topics
will be plans for a Latin- American Common Mar- ket and projects for an Asian Common Market
ored.
Now York, May 23. The lower air cargo.rates across the Atlantic could result in lowering other world, rates around the industry
sources pro- cuss woys
operation
dicted today.
The Congress will also dis-
df increasing
--10
between industrial
The Atlantic rates, to become and primary producing coun- effective on September
1, violent short-term fluctuations in
iries with
红
view to reduce
expected to undercut rates on commodity, press.
traditional trade routings on a
number of commodities.
The Congress is belog attend-
Corgo from Europe to Japan,ed by
some 2,000 business
for example, traditionally has leaders from 47 countries.
The delegates today attended
moved via India. But because
Anglo Indonesian Plants 30.
fot the lower Atlantle rates preliminary elcted committeo Ceylon Tea Ord-27 3.
Information of the will be cheaper to move many meetings Imperial Tea Ord-zia 10.
of the
International imperial Tea Ord-103
items vla the north
Atlantic, Bure Kuala Lumpur-Kepong-3 74.
through the US. and across the, Chamber of Commerce-China Lambink Rubber-838 54. 27.00
Mnil Special. Pacific to Japan.—AP. -Reuter..
761
UPL
Sterling notes thee £1). Australian notes (per 1}
Indonesian Rupiali (per 100) 3.40 Sam ticals per 100) Singapore (Strate
12.03
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
JAPAN AIR LINES
CONSULT YOUR TRAVEL AGENT OR JAPAN AIR LINES TAKING HOUSE, 20 DES VOEUX AD, C. TIL. 28043 (5 LINES)
PENINSULA HOTEL, KOWLOON: TEL.60660.84095
A
7A