Page Z
THE CHINA MAIL TUESDAY, JUNE 13, 1901.
Wall Street stocks New York London
New York, June 12.
Stocks dropped in almost every group to- day, but volume slumped sharply in one of the quietest sessions of the year. Losses as a result seemed to stem more from lack
of demand than any real selling pressure.
Declines of two and three Great Northern Railway points were common, General Grumman Alrereft Electric,
American
Call on Telephone, Hammond Organ Du Post und US. Steel down Bryden Newport Corp. around one to two and the Dow-umentake Mining Co,
Jones Industrial average falling
Ha Tefsia.
in Power
below the 700 mark.
Imperial O
Ma-
Imperial Tubaceo Inger-Rand Inland Steel Co.
decline
Montecatini
fouthern Railway (Com.)
Stdank Bry
Standard Oil of Cal.
50
cotton market
Now York, Juno 12. Cotton futures modo a re
tho covery today with trading paco quickoning on the advances. Closing at the day's best levels the list showed net gains of three to 10 points. B13 market opened off two
eight points. Now Orleans closed up two to 10 points.
chart Buying credited to readinga in the October and with March deliveries, joined and other commission house buying
imparting а nole
431% in #steariness.
34
Aller Corp.
Monistomery Ward Autorola Inc..
2014
Sinclair Ol
na
Socony Mobil On ....
4345
4016
20
39%
allonni Blagult Co. National Cavi Ieg. National Dairy Prod. National Lead
3013
Bouth Puerto Rico Sugar
904x
Bouthem Co. (T
Southem Natural disa
2341
National Steel Corp. New York Central
DAY
1785
Sperry and
2141
Noranda Mines Ltd.
40%
Norfolk & Western By.
110
461
North Amer. Aviation
481%
El Ott of NJ,
CHI of Ind.
45
159$
Northwest Airlines (Com.)
30
Steep Rock
Oklahana Hai. Gas
3415
Stering Drug Co.
On Matticen
4G
Stokel-Van Camp.
201
44%
Otsevators
2015
Studeiner-Packard Corp.
3
4701
Owen-mols Glass
Sonating Mining
pdy
Oxford Paper Co.
239
Swit & Cre
414
7574
Pacific Gan & Eleg.
7782
Textroy 1ge.
121
Purrant Pictures
207
Thlokal Chem.
65%
Parke Davis Co.
30
Tide Water Oli
Peraly J. C. co.
*Time Inc.
15
Penn, Salt Co.
袋
Travelers Inc.
120
7102
Philip Morris
101
T-Cent, Warrants
1541
Piney Inwes
5715
Twentieth Century Fox Fun
4516
13
Procter & Gamble
2013
Union Carbkie
141-2
7012
Portland Gen. Elec.
Union Oll of. Cal.
เก
Publieker Industries
10
Union Parte allway
1101
Piðlanan
41
Uafted Airersit
4502
4512
Pure Oil
United Fruit
Loews arory. ****
241
Radin Corp, Pret.
1214
US Cyprum
1.one Star Cement Co. Lorillard P
0132
toyyir-tt!
34
Republe Steel
851
$34
72
Cowenstein & Sons. McDermott J,
Reynald Metal
M
us Smelting
ፓት
13
Reynolds Tobacco
11034
US Steel
flay
+3
Royal Dutch
Warner Bros.
107.
4096
Mer
อ
Hlicem fx.
Westinghouse Air Brake
Crop comments
110
Sears. Hubuck & Co.
*5%%%
Westinghouro Electric
证号
Shell 08 co.
402
Wertem Union Tel, Co.
were
20
Safeway Stores
44
Woolworth (K. W.)
Schenley Inc.
OF
International Business chines sank close to eight points, Lilton, Zenith, Musical Instru-
three mens
more. about Other losers of about the or so were Vendo, Revlon, Gillette, Helen Curtis, and Motorola.
Foxboro why a four point winner for one of the few good gainera while Corning Gless nct W. Maya tacked on
T. around three. Guit Ol and Honolulu were strong spots in an otherwise lower of section.
Closing prices
Interhemical Corp. Int'l Business Machines Int Harvester International 'sper International Mickel Int'l Tel & Tel Johnn-Manville Co Kaiser Industrier Kansas C. Power & Light Kerneel Copper Kimberly Clark
Liggett & Myers Tob, Ca.
Tu
Lition Indyear
Lockheel Alteroft
Allied Chemtex
All Chainers
A. Brake Shoe
IN
Merabl ima Corp.
204 Atinnrrota Mining
Mision Bevelopinent
Monsanto Chemileal Co
Abitibi Pwr. & Paper
Allen Ine. Acy.
Algon Steel Corp.
American Airline 4,
25
Am. Cable & Radio Carp
10
American Cyaonmid Co.
10
Amer & Forga. Power
Am. Gas & Electite
102.
210
39%
331
America
10
Am. Sugar Ref.
American Tel & yel
American Tab.
Anapes
Anacovia Copper
Armes Steel
Am. Hutne rod. ...
Am. Mach. & dry,
Antican
Апина
Atbol Coip.
Atlas Com Mining Baldwin-1ma-Jan. Italtenore & Ulte Dank of Montreal Bank of Nova Scolle With Date Savers
1. C. Te. Co.
seller Beneficial A
Bendix Aviation Cup.
Benguet Cons.
Hellchen Steel
Boeing Aplana
Bordell Phy Co.
Burroughs Add Matting
British Amer, Oil
Drkish Columbia Pwr
Calf Packing, Corp.
Cana,
Cana. Brewer
Canadian Paville It.
70
ין
Sept.
Nov.
40
4116 US Line Co
18 Rabber
COMMODITY PRICES
RUBBER
NEW YORK
SUGAR
to
The
up
ot
contracts
Switching of July for October at 82 points dif- ference co-featured with ex- and Echanges of March-May 31 December-March contract,
Memphis sources noted a con- tinued mill demand last week ship- for prompt and suramer ments, with some additional in- terest shown in new crop cat-
*3/*% 2440
Spot
32.00
Spol
July
33.40
3-month
Out.
34.25
Lend
Dec.
04.08
Spot
3-month
031%
Mar
May
33.70
Zinc
LIVERPOOL
Spot
7022
10
a-month
7915
по
Rubber futures closing prices, į per Bui all in cents per Ma
Closing prices all in
pence
--UPI.
American Contrack
Xrx Standard
July
23.1K
July
29.9%
Oct.
24.00
20.37
29.00
Dre.
24.30
29.10
26.330
4
Mar.
24.63
2
Jan
20,83
Mar.
211.73
May
24.90
May
28.75
LONDON
July Mixed Contract
24.90
July
21.25
Closing prices all in pence per
Oct.
24.45
1b.:
of comin
Dee
24.70
25.00
4
NO. Rim spot
21%
Mar.
25.00
231
Settlement house temu:
May
25.35
1. Co
Cal Tractor
04:
Juty/Sept
2435-241
July
--UFI,
Oct/Der.
Crimiese Corji,
392
Jan./Mar
23-23
CLY. Fmancial Corp.
Apr./June
Cute Mombat, ngak
July/Sept.
Whysh Alutor:
431
Curt Pendly
June
44.2
Juty
427
Commercial Credi
Colgate-Palmolive co Callan Carbon Co.
Corning Glas Works
Consolidated Edison Consolidated Paper
Commuiners Casi
Continental Can
Continental Ol, of Del
Crane Cu...
Clown Zelletely
Delaware & Hurbon Ca
12amond Alkall
Diamond Nati
Distillers-Bragyanis
Dow Chemical
Eastern Air Line
Family Finance Curp.
Ferra Corp. ........
Flintone Tyre & Rubber
First Nut. Chy Bank
Ford Motor
General Dynamics
General Electric
General Fenus
Gen. Pub. VII.
Gen. Tel. & Elec.. Gen. Tyre & Rubber
Getty On
Goodrich (n. F.) Co.
23-25!!
General markets, Gif, basts, ports:
Eutate crepe thin July
thick July
-UT!.
COTTON
METALS
NEW YORK
Closing prices all in cents per
ة النار محمد
NEW YORK
Closing prices, all in cents per
Contract No. 8 (world) Spol (World Average) .......... 320 Total Sales: 183 contracts, Open interest: 1155 contracts.
Contract No. 7 (domestic)
July
Sept.
Nov.
Mar.
May
July
generally favourable, em- more phasising good to excellent pro- south centrat And gress la
the Rio areas, In eastern Grande Valley, yicid were ex- pected to be better than normal. The certificated stock remain- ett at 96,000 bales, plus 2,131 boles awalting Inspection micronnaire. UPI.
and
British trade and the Commonwealth.
London, June 12, The Financial Times soid editorially today that of the
difficulties facing Britain's entry into the European Common Mar- ket, that posod by its
tics Commonwealth
"by far and away the most formidable."
8.30
5,41
631
"Compared with it the dificul- ties posed by home agriculture and EFTA are much easier resolve," the paper added.
to
5.31
631
Spot-Bulk, duly pad) 30 Total Sales: 70 contracts.i Open interest: 3,010 contracls.
-UPL
FOREIGN EXCHANGE
NEW YORK
b.
Lead
July
10.10
Sept.
10.ta
Jily
10.63
Sept.
10.03
Cupper July
30.69
NEW YORK
Sept.
30.71
Closing prices
all in cents
Ov
30.51
Dec.
16,70
per 19.:
Jan,
30.03
Spot
34.40
Mar
30,40
July
33.39
May
30.27
Oct.
34.30
July
3021
Closing rules:
34.73
LONDON
Canada
Mar.
May
34.75
Australia
England official
July
Oct
214.73-77 34.45
per long ton.:
New Zealand
Buyers Sellers
South Afric
Tin
Tailla
centy
Spot 3-month Copper
80
100
Takistan
NEW ORLEANS Closing prices all in
per lb.:
For every home
32.43
Closing prices, all in sterling
מון
Hongkong
1.01-3/10
2.000B
2,7073
1000
2093
091
1723
UPI.
the
become
The stage for close and co- tinuous consultation with Commonwealth. will really necessary once Britain with begins actual bargaining the Inner Six, the paper felt.
MUST PROMISE
What Britain must promise the Commonwealth is that it will be fully informed and consulted, that
member will be every given the opportunity to ita wishes heard, the takl
maku
paper
What it cannot do, if it with wishes any negotiations the Six to succeed, is to give a the Commonwealth country right of voto by allowing it to
lay down hard and fast cor.di- Lions now."UPI,
RONSON For every office
Varaflame
BUTANE TABLE LIGHTERS
THE TABLE LIGHTER YOU FILL ONCE A YEAR!
SUNRISE HK$8499
NORDIC ... HKBOXP
INTERNATIONAL STANDARD OF EXCELLENCE
Elegant styling, fuals instantly with clean-burning Butane You can adjust the flame to tha héight you desirel
RONDO
HK$ 722P
CROWN HKSTORE
· FANTASY
HK$9322
"ENCORE 500. "HK$105E
market quiet
'London, June 12.
The now account got off to
a quiet stort today. Business remained at a com- low level and no paritively drcided trend was established.
malu- Gilt-tuged securities tained Friday's slightly better tendency in early dealings but tamned caster towards the close.
Gold shares were vey quiet but the amali gains recorded in initial dealings were maintained. Coppers Improved and ins were in selective demand.
in foreign Greeks Improved bonds. The seven per cents and six per cents jumped one point to 3 and 33 respectively.
Olls were mixed with Shell a Arm spot at 130/0.
Rubbers and Ittle attention.-UPI
21
1039
attracted
Closing prices
Delilah Government Securities
-£10-7/10,
Consol
3. Saving 1955/65-11/16. 34, Savings 1960/70-73-0/16. 3: Saving Fu65/76-71131
Overseas Bonds.
German cook
8 Jannose,
flanks & Insurance
Barclays Ord-17 d. Chartered Dank-Goa.
Guardian Assuranco--150 Cet. Hongkong Bank10. Lloyds Bank-731.
Lombard Banking Orl-20 110. Prudential Awur. "A"--£23-13/15. Royal Insurance Ord--193
United Dominion Trust £10.
British Petroleum-001. Burmah O-309,
Shell Transport Ord-130 d. Royal Dut
Ultramar t
Steels Kngineering Habcock & Wilcox Ordin 3. Guest, Keen Ord-pas 30. Harland & Wolff Ord-17 00. Stewarts & Lloyds Ord-46 3d xd. Sunimcia a cons Ori– Cà xử.. Tube Investments- sd. United Steel-6ba.
Vickers Ord-s 3d.
Electric Asoc. Elec. Industries-45%. Urit. Electronie Ind.-12. Elec. & Mun. Industries 2 d. Engilah Electric Ord-35s 6d. General Electric Ord-33 9d. Philips Lamp Works19-9/32. Redifaston Ord- 7.
Industrials
Assoe. Portland Cement-3s 1d xd.
Boardinan Marden Orda 711⁄2d. forex (Holding)-15s 94.
Dunlop Rubber Ord-25 74. Ficona Ord-198
Gliman doldinge) Ord.- 15. International Computers=[3]
Turner & Newall Ord-30 10. Unilever Ord=1445_7340. Wiggina Teppe Ord-62 od xu,
Chemicals Imperial Chemical Ord-738 40, Monsanto Chemicals Ord 21s 2010.
Cinema & Telorlalan Muss Empires Ord-10 xd. Nank Organisation Ordi# 1011⁄2d. Stoli Theatrem–8; xd,
De La Hue Ori-810 xd,
PAA accuses KLM of violating air
agreement
Washington, June 12. Pan American World Airways today accus- ed KLM Royal Dutch Airlines of violat- ing the terms of U.S.-Dutch bilateral air agreement.
HONGKONG
STOCK EXCHANGE
Our Own Córrespondente
Shares Buyers Seiler Sales Bonk 400 457 20 412
20 ur 410 850 $10
40310
In a complaint filed with the U.S. Civil Aeronautics Board, Pan American sald "KLM'S flaunting of the agreement also provides precedent and exeuso for other foreign-flag carriers to engage in similar operations with similar results,"
The
American Justia the U.S.
result, Pan said, is heavy dollar adversely affecting balance of payments.
Pan American naked the Beard to take prompt netlo to pre- vent KLM from offering air ser- vice far beyond the number of
Business done at the Hong-passengery and volume of cargo this needing transportation between kung Slock Exchange morning amounted to approxi- Netherlands territory and the
Neon United States. mately $2.730,000.
of the violation quotations and
*KLM' the morning's transactions:
blisteral is long-standing and is deliberate and becoming more extensive
parsing with every doy," the complaint said.
Fan American added that it had delayed aling its complaint negotiations on in hopes that the government level would bring the violations to an end.
York In New
city, KLM 1000 21.70 denied the allegation.
"It is absolutely untrue that 10.20 10.30 3000 18.30
bilateral violates time' 223 10.20 KLM 1000 6 10.30 agreement," said D. J. Kocleman,
105 10.20 Vice President
and General 2000 of 10.30 Manager for KLM in the United 2000 10.30 States. "No government agency has ever accused us of such violation."--AP.
Lon. Reg. Wharf Co. Talkoo Dock HK GAS
310
73
..
Wheelock
400 7115 21.00 21.75 1000 21.00 140031,00 1000 23,70
10000 10.30
600 A 110
1600 6 40
100 40
400 76 100 8 74
HK Dock
Paper
Dowaler Paper Ord 50s Bàn
Ch. Prov.
HK & S.
Hotel
110
3418
451%
114
200 110
Upirern Ord-53s 6d.
Tohnocos
.
British-Amer. Tob. Ord--09 Bd. Carteras "I" Ord-
2015 Lond
24 745
Imperial Tobarco Ord-Go
lid.
folors
HK Land
Rta
Yaumati
40
451L
134
250
134
HK Tram
40
500 à 392%
2000
British Motor Ord-15s d. Hawker Siddeley Ord-30# _#!4d, Jaguar Cars Ord-100s 7d. Rolls-Royce, Ord-41s 10150.
Westland exules24.
ป.
Bradfort Dyern-174 80. Calico Printers Ord-13 d. Coats (JP) Faton & Baldwins-481 Courtaulda Ord-39s 4lid xd. Fine Spinners Ord-27 3d. Lancashire Cotton Ord-50s 1994. Breweries
Distillers Co, Ord-35% 30, Gainners Arthur) Ord-32 G xi, Ind Coope Ord-14 03.
Stores
Great Universal Ord-tis, Great Universal "A" Ord-$7. House of Fraser Ordis da xd, Lyons (5) "A" Ord-84% 3d xd. Marks & Spencer" "A" Ord1158
Tate & Lyle Ord-429 Ed. United Drapery Ord-161 3d. Woolworth (Ord-58 40. Miscellaneous
Bowmaker Ord--žle 211⁄2d.
Brit. Commonweal Ship. Ord-37a XU.
Canadian Pacific Ord-$107%.
Cunard Steamship Ord!--134 431⁄2. Forestal Land & Timber-134. Furness Withy__Ord-428 Dd. Hongkong & China Ga-158, Hudson Bay Com£103, Indo-China Def. Ord-135. Land Securities Ord-3ts dc. P. & Steam Nav. Def.-46 71id.
British Tin Investment-42s 44. De Best Def-150.
200 of 7455.
40
1000 * 40% 2000404
Ch. Light
37 37
500 de 3621
1000 v
400
400
37%
Elevizie
Telephone
97% 37% 1750@37
200 69-3714
534
G.1. Cement 661)
G
50003 17383
535
2000 & 531,
500 to 80%
03
100 67
5000014
200 39 200 * 30% 1000382
Dairy Farm 2014
30
Watson ..... 01
AU
Taxilio.....
Allied Inv. 11.70 11.80 2000
7.00
2000
11.80 7.00
7.00
Nanyang Billi
(2.6. MAR 13,30 Amal. Nub, 6.40 Rub. Trust 3.00
London Tin Copp-17
4.
Mouri Isa-535,
Palaing Tin-11, 60.
Humphrys
*25.20 2335
Rhodesian Anglo-Amer.
Ord-Da
Dd.
71gel,
Realty
.... 2.725
Rio Tinto (Bearer)-40 Ronn Antelope Copzones 7}< Union Corporation-diu 11⁄2d. Welkom Gold, Mining-134–31. Wertem Holdings-llis öd.
Rubber & Teži
Anglo Indonesian Mant,—44 795d. Ceylon Tea Örd=201. Imperial Tea Ord--la Ed. Kuala Lumpur-Kepong-31 Co. Lambak Itubberudia fd,
Reuler.
New York
sugar
New York, June 12. World No. 8 sugur futures today closed unchanged to five points lower with sales of 183 contracts. Domestic No 7 bugor closed unchanged to six points higher
with sales of 70'contracts,
Weakness in world futures pointed up onws of lower-priced Cuban offerings in the world market, and Ceylon's denial that i had purchased 50,000 tons of Cubans, as reported in the trade- lart week,
YEZ
Realty (N) 2.55 2.05
4:00
0116
Star Ferry.
234
Lane, Craw. 50 B
Gilman... 62%
int? Invest 15.10 HK & FI Invent
City Hotel
5000
Third Benlarig for
Ben Line fleet
The Javanese Prince,ɑ.
motor ship of 11,122 tons deadweight with a servico speed of 15 knots, is to be the Princa bought from
Ling by the Bon Ling.
to bo
Delivery is expected
early in riven in Hongkong August, and it is proposed to rename the ship Benlarły.
She will be the third vessel to bear this name. The fit, a steamer built for Willin Thomson and Co. exactly: cighty years spo, had a long and successful career before being sold in 1003,
The second Benlarig, built in 3004,
was one of the famous ellpper-bow Bens whose grace- ful lines eurned them the nick- name of "the Leth yncbts". Taken over by the Admiralty for war service in 1915, she was lost by carmy action in tho Indian Ocean two years later. -LFS
Launching of giant grab dredger
2723 Ferguson Brothers (Port Glasgow) Ltd., have launched what is possibly the biggest grab dredger yot built and certainly the biggest on the Clyde, Sha is the Meracy__Compass for the Marsay Docks and Harbour Board.
200 #236
500 501
5.30 4003 B.16
15.30
4600
UNIT TRUSTS
First Hongkong Fund: $1.31 (buyer), $1,80 (seller),
Second Hongkong Fund: 98 cents (buyer), $1.6% (seller).
Agreed merchant
rates
Swiss Francs Maximum Sell-
Cuban raws were reportedly offered in the world marketing 74. over the week at 3:10 cents a pound, fob, slowed, off seven points.
Trade sources immed Aut tralia's Arst sugar shipment to the U.R., ngairist its recent al- location, cleared last weekt, and that any additional 20,000 tong is scheduled to be shipped this week.
Brazil reportedly will tender on Wednesday on 20,000 tons of rors for the US,' market, 200 UPI.
Exchange rates
minem was done in the locat Unoffici exchange market this mjorning at the following rates!
A doller (pwr $13 Australan notes (per 415 Aterling notes (per £2)
Indonesian rupials"(per'190) ..
Blogspoer (Arizkej
9.710
With a hopper capacity of 2,200 long cho can be loaded in two houra by her four grab cranes, Each of these cranes ts 05 euble feet of sand or slit at one blic. The vessel has a length of 270 ft. and is driven by diesel-electric machinery la- stalled by the General Electric Co. Ltd.
The four
graba can reach down to a depth of 76 feet and necordingly the alip can bo used for clearing deep water chanuels, She has single cabin accommodation for her craw and carries enough stores to fast a month.LES.
Merchant Fleet increase
Brussels, June, 12. The Bolglas "Ministry "of Tran- sport; has presented plans `to Parliament to increase the sirength of that conńsœÐ°n Merchant Plock from 987,040 fona deadweigid to one milito fons by '1900,
The plan would cost 8,000 million Belgian francs, 30 per- 19.11 cent of which would be provid
et by · Belgion shipowners and 3.30 24.0 the regaloder by the slate
141 China Mall Special.