THE CHINA MAIL, WEDNESDAY, JUNE 28, 1961.
Wall Street closes HONGKONG LONDON
mixed
New York, June 27.
Stocks closed irregularly today, following a sharp recovery in the late afternoon on rising volumo.
Brokers called the late upswing a "technical"
comeback from the days of weakness, helped along this morning by the start of congres- sional hearings into stock market operations.
Dupont 1986 pants to bol
Great Northern Railway Grumman Alterat
Gult of
at least Ave the Dow Jones Average Info ligeer Joditas - Manville, bucco, and Inter-mestake Mining Co. Nickel
other flusmage Betrig.
Industrial
territory.
American
national
winners.
Forti slipped
4*,
sympathy
were
about
and Orga Beyden Newpark corp. Harem Walke
20%
MANIPULATION OF
U.S. STOCK
ALLEGED
SALES
Washington, June 27.
STOCK EXCHANGE
Our Own Corrasşiündünt
kong morni
Busincse done at the Hong
Stock
Exchange
amounted
this Ap-
proximately
$4,220,000.
Non
quotations and the morning's. transactions:
Chairman William L. Cary of the Securities and 2508
Exchange Commission testified today there is evidence of substantial manipulation in stock sales.
Held the expanding mar- kel, high prices, and new sales
445 | patterns raise questions us tu
pusstide nestalts
upon
1
42 Integrity" of the securities mar
Janies Power
1
Imperial
Inland Steel C
Interhemical Corp.
130% ket.
at Busines Machines
International Nekri
2
were
international Paper
50
following
a
2,750,000-share; hiper-and
offering by the Ford foundation
at a price of 80%. Other 1 tlay
down a little in muters were
steels while
ixed, National off about 11⁄2,
Up about two points or better
in Irvester
int Tel & Tel
Jolie-Maville Co
Kafer Industries
were IBM. Richardson-Merrell, Kares Power & Light Korvette, Hershey, Minneapolis- Kromeecas Copper
and Amerary. Knowerly Clark
He urged Congressional np- $750,000 provat of a proposed Investigation by SEC to deter-
3315 ružne whether existing laws and rules controlling stock sales are sufficient to insure public tection.
10%
Honeywell,
Thompson-Ramo satik Con Edison. three, Industrieg und Polaroid
around pet & Myers Tab. Co
Lolly Tulips MS Laton Inc. about Locherd Aircraft
01
1201
two or more,
Guit Oil lost a small fraction, Lockheed shined about 1 and Zenith tacked on about 121.
Today's volume was 3,000,000 shares.
Of a total 1.251 issues traded, 375 were higher and 034 lower. American Exchange volume was 1,270,000 shares.
Hands volume
amounted to
Dow-Jones closing averages,
$4,840,000,
30 Industrial:
20 Rails
15 Utilities
65 Stocks
40 Bunds
Commen futures
index
Loewn facorp
Lone Star Cement Co Lartland P.
Lowenstely & Bota
Meternité 3. Ras McDonnell Aircraft Merek.................
Ire c Mentrota Mining Mission Development
Mansante Chemical Co. Montecatini
Blantoners Ward Motala inc.
National Biscuit
Co
National Cash Neg. "A"
National Steeg Corp.
110.82 Noranda bines t
210-
LITTLE KNOWLEDGE
Testifying of a Congressional
market Cary Scurities salesmen
Pl studies tobacco
import question
12 hearing on the proposal-and
Manila, June 27. of the securities on the state
cabinet macting sald many A special
convened work part-
by President time, know little about their
Carlos P. Garcia last night without business, and operate
failed to roach decision
32
33
12.)
11
하다
27
,till
the kind of supervision. which insures high ethical standards.
Me also clied the recent startling growth in stock
74
sales,
MA
of
National Bates Food.
68388
Natul Lend
13759
New York Central
1
Drices
226 10urtalk & Westrin y 84.3 North Amer. Aviation
Nothwest Airlines Cont.
klahama Nai, Gro
100%
43
2714
4307
Closing prices
Abbi Pwr. & Paper
Alden Inc. Acy.
Algona Steel Carp
Allied Chemicala
Allied Mills Inc.
Allis Chalmers....
146,340 Mathieson
41.
Di Elevators
Ower Illinois Glas Oxford Paper Co
Pettle Fire.
4 Pan Aneteau Airways
با باشد
Pletines
Parumal(".
Parke
4ny J. F. C.
Pen Salt Co.
Merris
! Pitney Bowes
35
A. Brake Shoe
American Airline
231
Am. Cable & Radio Corp.
American Gyanamid Col
44
Pittsburghy, Piste, Gilnas
Auer. & Forgn, Power
ida
Porthand Gen Elec.
0
Procter & Gamble Go.
Pablleker Industries
21 mon
474 Pure O
33 Radio Corporation
4Nado Corp. Pref.
45
46
farthe
Republic Steel
11endes Melni
Reynolds Tobacco
20 nyl Slank of Cenach
37% Royal Unich
VID
30
7
14
Pheem Mfg.
Sears, Hochal & Co.
Shell O Co.
Safeway Stres
Salitre. Paper
Ine.
Scheeper
Am. Gas & Electr
Am. Home
Am. Mach. &
Pars
American Melat
Am. Natural Gas
American Smelting
Am Sugar Iet.
American Tel & Tei
Aunerican Tob
Aimpex
Anaconda Copper
Armen Steel
Armour
Asbestos Corp
Atlas Cona, Mining
Baldwin-Lina-flam
Baltimore & Olilo
Bank of Bluntreal
Bank of Nova Scotia
Fleech Life Savera
35, C. Tel. Co
Well Trance
Beneficial
Bendix Aviation Cutp
engurt Cons
Turden (hei Cu.
Burroughs add Machine
BRIS Amer. Oli
British Columbia Pwr
Calif. Packing Corp.
Can Bk. of Commis.
Can Bre
Southern Natural Gas
Southern Pacile Co.
Sperry Int
Standard Brands
Strndard Oll of Cai.
Sotard 1 of 1nzi.
Ms Standford Out of N.J.
500, Steel Co. of Canada
Sleep Rock
Bethlehem Sterl
Boeing Airplane
CIT. Flantefal Corp.
Chase Manhat. Bank
Chrysler Matos
Scoti ne.
713
Siegler Carn.
K21.
Sinclair Cl
4014
Smith, Khee & French
Soenny Mond
13)
31
South Puerto Rico Sugen
Southern Co
The
1
413.
45
むず
Southern Badway retur
267exus Co.
Thicke Chem
*Tide Water D
Tite Inc.
Travelers Inc.
treniradous expansion over-the-counter Crann- uctions, and Increased partici- pation m the market by investors with 11ttle know-i ledge of its Intricacies,
that possibility exists 12 these Inetors
have led 7424 to questionable merchandising
22 techniques,
10
251
my
he
sald in prepared statement. UPI.
Agreed merchant
rates
21
Canadian dollars, maximum seling 17-3/4, minimum buying 18-1/32 TT: 18-3/32 OD.
Belgian Cranes, maximum sell- g: 857.
UNIT TRUSTS
First Hongkonst Fund; $1.33 (buyer), $111 (seller).
Scout Hongkong Fund: $1 [buyer), $1.00 (seller),
Exchange rates
Bajca
Aitaren
Rugars Bellera
424 420
100+14 100
E. Ama
240
Wars
400
Taikim Duck 74
200 74
HK G. 2.70 22.ED
100 23
600
200
23.
10921
Wheelock
STOCKS FALL
London, June 27. Stocks suffarad widespread
and often sharp falls to day when buyer refused to movo in. Deglare markod prices down and scarcely a plus sign Ilvoned the board, but actual selling was never heavy.
Wall Street's overnight Tunble helped to put a brake to trad- ing and the silde hit must see. 1999 1 tons of the 1st.
עג . עםן
100 23
Blue chips that lost fractions included Courtaulds, Jasperjal
INSPORTATION
Visit U.S.A.' plan said gathering
momentum
Chemical, British-American To- A "Visit the U.S.A.” programme, organised
Es. All .. 14.10 14.20 3900 - 15:20 | bucco, Lancashire
2000
14.10
1 Duck..
111
112
PO... 111 Q1
Provident
54 347
1500 313. 2500 341.
500 of 311.
$30 40
6:00... 74
214 75 1000 74%
$100 or 345
HK Hutel...
401.
17
UK Land
アイ
25
HK d
(Highe
40 199
131
175
tus Tram ..
4214 4222
271 375,
Tammut)
Ch. Light
on the controversial pro- posal to import high grado UK Elez. Virginia leaf tobacco for blending purposes, it was reported today.
The President instead ordered a special committee headed by! Agriculture Secretary Cesar M. Portich to conduct a more com- prehensive study of the pro- posed importation. The
tomorrow after- mittee meets
noon.
com-Cement
Opposition to the Virginia leaf haport proposal came from the Association ot Virginia Tobacco Growers who claims threatens that the importation the local industry affecting Ave million tobacco farmers.
Dairy
Watson
372%
30
Afted invest. 1250 15
183242
28 49 200 134 100 134 500 $215
250 42 2569 172N 2000. 37
1000 37'.
500371
41 371
200 or ba
03715 1000 3734 470 64 375
Cotion, Vic- kers and Woolworth, Heavier falls marked the spend kers, Stures were hit together
T-
with properly stocks, banks and
·insurances.
An improvement in the pound sterling on foreign exchanges failed to check the slide in gill- edged where falls ranged up to ths in the general refreat. Foreign bonds were dull. Dollar stocks
in came
for marking down treatment and US. Steel was three points off at the bell,
Profit-takist
gold minink Issues drifted. Coppers frmed.
Oils had a joyless day and
Shelt surrendered three shillings to
shillings. British Improved Just
123
Petroleum
by Scandinavian Airlines System, is now gathering momentum after its rocont launching in a number of major European cities.
Campaign for seat belts in every car
Ther
New York, June 27.
overy cqr was
Initially, the airline organized a series of special workshops for travel agents, airline prestane), government eMelals and repre- sentatives of news media.
The aim of the programme is to increase, by as much as 300 tourial travel to per vent, America in the next four or ave years.
the
and
pushed lending A campaign to put sea! in belts in tår stocks lower and South
The must recent move African
America
launched programine was the introduction today by
and of a pocket-sized falder 150 safory
| Major Events in the USA' —– medical leaders.
estimated 5,000 lives which has been produced could be saved and 400,000 published by SAS,
The folder provides detailed serious injuries avaided each
about year, if evETYDNE were using information
congresses, conventions, fairs and meetings seat belts.
The programnie,
annowned of every description cecurring f near the
the Aanertea in the next 18 months. approach of
It has been particularly do- Fourth of July holiday weekend
for busineɔ; travellers. and its highway hazards, is simed
by. the
National But an SAS spokesman said that Council, American one of the major aim of
US. travel programme is Association,
fore the close.
Closing prices
British Goverstment Securities 2947. Consolidated=4302′′. 354) Cunverston-C3%
Savius
3. Saving 16.
3. Savings 1905/75-70V4.
be-
200 4 3724
HK Tel...
Ca
FOOD G
123
400 R 60
2004 TU
Rubbers and -URI.
teas were idle.
2006 BAL
CE
07 SUD CU
3031
412
500 a
EDX391.
1000 13.10 1000
3000
3000 or 12.00
Textile
Rubber 6.55
1000012
7.6)
2000 or 1.80 36 100 or 30%
14251 2.70 100 2.70 15000 2.67)
(New)
toon Sus
2.55 B01%
11
1000 2.72; 2.00 2500 2.95
GOB
20081
740
M
Star Ferry Jardine
Rubber T.. 7.5 Local cigarette manufacturers | City Rodi Day had filed the petition to Import
Realty (On) 2.075 4,505,385 kilos of Virginia tenf ubaceu for blending purposes to enable them to continue operne į
tions,
PROTEST
Virginia The Association of Tebneco Growers at once Wei 123 protest and campaigned through the newspapers to block its approval.
1 בזק
Garcia, who leaves tonight | for Leyte province in southern i Philippines
campaign, i ordered the Fortich cominitlee to determine accurately if there is a shortage of high grade Vir- ginia tobacco or blending pur- and and out the real poses amount of tobacco usable.
100 230
100 M 29 500 or 25.10 200 20 $200 29.10
4780
1050
20.19 79
1090 of 28.00
250 29.80
200
28.00
120 2.00
100 28.00 350 200 1350 280 3130 in 20
200 20.10
000
31 1000
4000 or 5.15 33000 10 5.20
3000 or 516
COMMODITY PRICES
20
WAB done 1 the nofficial
znarket exchange meening at the following roles:
Incal
Internal revenue commissioner!
0:45
US dollar per $1) ........
2.704
GU
Sterling notes (per £15
15.00
42
Sterling Drug C
Campbell Soup Co.
1021
| Stokely Van Compa.
Australian nules (par Cl, ... 12.00 Indonesian rupiah (per 1001
3.4)
the Agricultural Co-operative 1. & FE. and Credit Finance Adminis- Inv. tration will be invited to testify Gla
Melencio Domingo and ad- Lane. Craw. ministrator Vicente Arnnela of in't Invest. 16.36 15.40
40
57%
190
18)
180
26 40 2015
1900 sr 16.3)
1050
0.26
Canadian Pacilie
243
Stone & Webster
Siam cain (ber 100)
26.70
Case (5.11 Co.
Studebaker Fuckard Chepi.
Singapore (Straffs)
101
on the date concerning usable tobacco-UPI.
Cat. Tractor
37
Sunshine Mining
95
Celanese Corp.
32
Swift & Co.
Textron Ine.
Clucit Peabody...
PI
Colgate-Palmolive
Co.
43
Colombian Carbon 46. Commercial Credit
541
Traders Finnuré
P
Corning Glam Works
171.
TI-CHI Werranis
Consolidated Ebon
7514
Twentieth Century Fox Fi
Union Carbide
Consolidated Inper
Consumers Gas
1792
Unsen O of Cal.
Uden Partic Railway
Continental Can
3917
United Alecraft
Continental or of Del.
Unlied Fruit
Creole Pet
United Gas Corp,
Crane Co.
Crown 2ellerbachi
8212
9.8. Line Co.
Cuban Amer. Sugar
101
US. Rubber
Delaware & Hudson Co.
162%
US. Smelting
Diamond Atkall
22U.S. Steel
Diamond Noti
402%
US Steel P.C. PF
Dialitler-Seagrams
Warner Bros.
Dominion Store
72!
Waikenbo Motork
31
Westinghouse Air Brake
1b.:
у
Westinghouse Electri
21422
Western Union Tel. Co.
2429
Wes: Va. Pulp & Paper
Eastman Kodak
FPaso Natural Cas
Family Finance Cury
427%
Ferro Corp.
44
Firestone Tyre & Rubber
43
First Nat. City Bank
Ford Motor
not
General Dynamies
Dougins Aircraft
Dow Chemteal
Dupont de Nemours
Eastern Air te
General Electric
General Foods
General Motors
Gen. Pul. U
Gen. Tel. : lee.
Gen. Tyre & Rubber
Getty Dil
Glidden Co.
Goodrich (U. F.) Co.
Goodyear Tyre
To
WHEN TO
SELL
Us. Gypsum
Winn-Dixie Stores
Woolworth (K. W.)
Zenith Hadlo
COTTON
NEW YORK
Closing prices all in cents per
空
Oct
Dec.
Mar.
May
July
NEW ORLEANS
34.05 noin.
Jan. Mar.
May
20.15 28.10
28.10
20.60
3-month Copper spot
3-month
Lead spot
SINGAPORE
Clesing prices all in Stralis
3-month
b. 1o.b. Malaya Zinc sout
3-menth
cents per
ports:
No. 1 July
No. 1, Aug.
No. 2 July
No. 3 July
No. 4 July
Blanket crepe
LONDON
Sp rubber unbeled
No. 1 pale erepe
022-05
83-6314
823-8196 019-132
75-10
821-827
603-70%
0124-03
Closing prices all in pence per
No. Bus spot ............ Settlement house term:
30.18
34,07-00
34.60-60
35.33
35.
23.64
Ib.:
MM
34.04
July/S/pl.
Oct/Dec.
Closing prices all in cents per
Jan Mar.
Apr./Jure
July/Sept.
Spot
37.35
July
33.3%
July
me.
3235
AUR.
3.00
Estate crepe thin July
Ater
35.03
May
33.01
July
33.73
Oel.
34.70
in
Chicago grain
Chicago, Juno 27.
conditione
Canada and parts of the
northwost today
crop
martels. Old crop soybeans and corn fell back under #quidating anies.
Grain traders
של.34
SUGAR
NEW YORK
Closing prices, ull in cents per
1b.:
Contract No. 8 (world)
2416 2416-24-22
Out: 301; Mac: 3.01; May: 2.05; July: 2.05; Sept. 235: Spot-(World 2474-2471% | Averagel: 3.10
2432-247- General markets, c.lf. basis, parts: 244-243% 24-2438 27 201
Thick July AMSTERDAM
Total Sales: 25 contracta. Open interest: 002 contracts,
Contract No. 7 (domestley Sept; das; Nov: 003; Mar: '0.201. July: 6.32; Spot--(Bulk, duty paid):
Total Sales: 233 contracts. Open Interest: 2.203 contracto
0.45
Closing prices all in guilders | UPI, per kilogram, cf. July!
No. 1 rubber
No. 2 rubber
No. 3 rubber
crepo
LIVERPOOL
Closing prices all in pence.
buyers
Buvers
2.20 talvera
UPI
30 mon.
TOREIGN EXCHANGE
NEW YORK Closing rates:
Canada England,
METALS.
NEW YORK
Closing prleen all in cents per}
oficial
30-daya
DQ-cinyn Australia
New Zealand
Dry
U.S.
STOCKS
COMMODITIES
sparked heavy buying in per 1b.
American Contract
most grain futuros,
July
23.00
Whent, oats and ye
sharply nt Chicago
rosc and other
Oct.
24.10
Der.
24,40
Mar
24.75
May July Sept.
25.00
25.05
25.00
were besieged with a slowly stream of bad crop reports.
Mixed Contract
July
23.13
24,33
Dec. Mar
24.00
1b.
23.40
Lead
25.80
July
29.50
Zhus.
--UPI.
Rept. July
Cupper
RUBBER
Sept July
Seps.
Oct.
Der.
Jan.
Mar.
Some selling stemined from n maller than expected, report
NEW YORK
May
Rubber futures closing prices,
Daybeun Inspections last all in cents per 16:
week.
Outelde markets were mostly
July
30.43
X Stendard
리나
amanda, † higher.—UPI.
Gapt.
200 .26.40
NOY.
20.20 26.20
per long ton. Frin apol
July Sept.
PROTECT PROFIT
&
CONSERVE
PRINCIPAL
Research Dept.
PERENNIAL TRADING CORP. 010-018 oltaram" "House Ron Ho Tai sine, 1944
Wheat futures gained more than a cent at Chicago, Min- May neapolis and Kansas Cily. Hedge
nales remained Hght, anti" receipts were very small from the winter
wheat area. Pakistan Dough! 1,600,000 bushels of hard wheat,
Soybeans,
iquidation
31 dumped the July prico to the January. lowest point since
0711
2,7010
2.7030
2.1000
*2020
1.7810
10.10
Bouth Africa
1.3090
Other Unelianged.
10.30
11.10
11.10
LONDON Closing ratoz: •
70 63
New York
36 71
Montreal
30.20
Amaterda
36.00
| Brezamela
קל
| Copenhagen
Frwaltur
fdation Dato
30.10
20 27
30.30
Mar
July
LONDON
ntockholm Closing prices, all in sterling M
Viesing
Mayara Belleso †2262-szár
934%
935
2.70-2.706 70714-27t 10.0314-10.0024 13937-198,37 iD.321-10.227 21.30-11.8045 13.10-0020 10.00-20.0015 13.07-15.0743 14.3913-24 40 1731-173136
73.43-78.40
12.073-32.06
Overicas Bonda ferman Dawes)-£21: 192) Japanese, Aisented-C157.
Danks & Insprater Barclays Ord-80.
Chartered Bank-602 3. Guardian Assurance-485, Hongkong Bank-£18. Lloyds Bank-609 06.
Lombard Banking Ori--17× 1011⁄2d. Prudential Angur. "A"--3-0/10. loyal Bank of Conado-£273..
Belah Petroleum-475, Bura Os 37a_Dr. Shell Transport Ore123s Royal Dutch-12-9/32. Ultramar Company 10týd.
Steels Engineering Dabrock & Wilcox Ord-30%. Durman, Long-32. Guest. Keen Ord--80% Harland & Wait Ord-10 34. Stewarts & Lloyds Ord-135 10 Summers & Sons Ord-49% 1950. Tube Investments-20% 19.4. United Sleel-528 100. Vickers Ord-35 13550"
Electric
Assoc. Elec. Industries-395 30, Brit. Electronte Indiis 40. Ciec, & Mus. Industrico-409. Euglia Electric Ord-34 34. General Electric Ord-333 d Philips Lamp Works-410-3/10. Redifusion Örd—124 ud.
Industrials
Assoc. Porland Cement 700. Boardnis Marden Drd.-- . Borax (olding)-18n._ Decen Records Ord-60s R. Dunlop Rubber Ord-20s. Fios Grd...$4
Oct.
Gilan Holdings Ord—fa 44%d. International Computers-fils Ed. Turner & Newall Ord.-20. Unilever Orcian130% 15. Wiggins Teupe Ord-50s 38.
Chemicals
Imperial Chemical Ord-60 Monsanto Chenileals Ord-224.
Cinemas & Television Assoc. Brit. Pictures-30%. Bank Organisation Ord,-27 6. Stol Theatres-7 24,
Гараг
Bowater Paper Orif-Sia Od. De La Rus Ord-Sia 3d.
Upicers Ord-50% du.
Tobaccos
British-Amer, Tab, Ord-H¢ 101⁄2c. Gallaher Ord-15% 64, Imperial Tobacco Ord - Vil
Dlators
British Motor Ord-lis 101. Hawker Siddeley Ard-296 od. Jaguar Car Ord-586 1lyd. Rolls-Royce. Ord-15s Od.
Vestland Aircraft--10 3d.
Textiles Bradford Dyers 151 ed. Calico Printers Orc-12 04. Courtaulds Ord-30s. Flue Spinners Ord-20s 7. Lancashire Cotton Oru--55# 711⁄2d.
Breweries
Distillers Co. Örd-Bla Tijd, Guinness (Arthur) Ord-8aj 101d. Ind Coupe Ori-136 Od.
Great Universal Ord-175 Cd. Great Universal "A" Ordm12s Gu. lioso of Fraser Ord-Sin. Marks & Spencer "A"
Ord-111
Tate & Lyle Ord-404 Bd. Kultel Drapery Drú-204 34. Woulworth LFW. Ord.—135.
Micellaneous
Dowmaker Ord-10s Rd.
sponsored Safely
Medical
The advertising council will to North America. conduct a broad advertising programme for Council.
G.
the
the
10
221-
Public Health Service und courage more travellers to com- bine business with vacation trips co-operating organisations.
He said that the SAS 17-day
fure ። excursion
expressly Safety
tailored for such travel. This towest in airline fare-the C.
Council Stewart, Executive Vice President, sold history-enables a businessman, accompanied by his wife, to "Sent belts save lives' is no
cantly expand business tour longer handy slogan, but a
into a vacation. proven fact."
At the same time, the spokes- "Day after day we reecive re-man said that SAS is increasing of accidents In which its efforts to broaden the pro- drivers and passengers have gramine. Recently, two specially been saved from death and in-
selected groups from Europe, jury because of this one safety one consisting of travel agents, device." he added.
and the other of SAS representa- Trame falailties in the United (tives, ville key cities In the States last year totalled 38,200. United Staley,
ports
Dr E. Vincent Askey, the They Investigated new Medical Argociation resident, facilities and tours to be includ- said the decision of automobile fed in the "Travel Planner,” manufacturers to install safety another publication to be releas- belt anchoragen for the fronted soon by SAS ns un aid to scals of all 1862 passenger cars would-be tourists and travellers. Was "another major step toward eliminating The unnecessary bloodshed and carnage on our highways."
Perhaps only two per cent of America's automobiles are now equipped with belts, said Robert A Wolf, director of the Auto- motive Crash Injury Research of Cornell University.-AP.
WALL STREET
CHATTER
Now York, June 27.
Modest dealings in freight market
London, June 27. Rates in all sections of tho freight market in the Baltic
have Exchange shown declines and deal- ings were extremely madest.
The only
defnite fixture reported on eastern account was the Chinese Axing of an un- named bulk carrier with wheat in July
Standard and Poor's says it from British Columbia
nothing
with
basically20/Augual 5 shipment at the 27- SCCS wrong
the stock lower rate of 44/- on Rio with market, and a serious 1.500 tons discharge and owner's
disbursements. setback
tho initial
It was rumoured that China stage of a business
up-had also booked a smaller vessel surge would bo most un-with wheat from British Columbia at 40/- but no further
usual.
Bitle more
in
There
It feels the list may need a details were available.
was some enquiry time to adjust ils portion, feeling this will be today for a vessel between 9,000 to move merely à temporary Interruption lons and 12,000 tons in a major upward movement rice in baga from Burnin
Colombo in July August ship-
-
to
Hempbell,
charterers were and Noyes and Co.'s ment
the rate of 40/- techuical studies my that the muggesting market might be approaching which is sixpence above the rate paid for the fast axture on a top and that it should by watched more closely, but as this voyage on June 24.
yet there are no signals in- dicating a significant decline.
Ideas are 80/- free discharge for a vessel of Liberty size to work wheat flour in bags from Melbourne to Colombo in July and August
Sydney
positions.
от
Spear and Staff writes that the Intcmediatu decline now in progress has a while yet to
But tallev# the mejor booked today for the Far East. trend remains bullish.
rua
United Business Service Baya
Drt. Commonweal Ship. Ord.---30s Inventory
7:50.
Canadian Pacifie
Bd.
Cunard Steamship Ord Forestal Land & Timber-13 49jd. Furness W01y__Ord=41# itunghong & China Gla Hudson Bay_Co—£0-21/32. Indo-China Del. Ord-22a 3d. Land Becurities Ord-309 Oct. P.D. Steam Nay. Dof.-40a 23. Mines
Trillah Tin investment-455. De Beers Def=-1161 Kl. Landon Tin Corp-201. Mount 10-ala Rigd.
Petaling Tin-118.
hokana Corp—42x 91
lo Tinto (enter)-35% 24. Hoan Antelope Copper 3d. Union Corporation 31 53. Welkom! Gold Mining-31K West Hand frivestment Trust-376
"Western Holdings-tura da.
Kobber & Ta Anglo Indonesians Plant-a Oki.. Ceylon Tea Úranžsa
K Tee Qida 90.
"Lumpur-Kepang da #tes. Lambak Rübler-die ki
Reuter,
the threat of a sicul strike a yeur from now could stimulata accumulation and carry steel output for the next 12 months to a level challenging the 1855 record of 117 mlikon ions,
•
Klebard T. Leahy of J. W. Sparks and Co. feels that a new upward move may be in the making. He says, however, that It scems reasonable to belleve that the trader must look for a near-term selling climax as a prelude to a new vigorous up- turu.
There were no time charters
--UPI
U.S. railroads
earnings
Now York, June 27. A Wall Street firm expects
that earnings of
U.S. railroads in the remaining months of 1961. will bo substantially larger than In the same 1960 months. This would reverse the pat- tern of unfavourable month-to- continuer month comparisons since Octo- | lavourable, the
International ber, 1000.
Foreseeing an improvement in situaticu murky, and the stuck carloadings in the second half of market callon strong, accord-1061, the arm says most rallways ng to Arthur Wiesenberger and are in a position to handle an Co. The firm says the expeated important increase in trattle with Summer risp in slock prices their present equipment arid
hould soon
way-labaar forco, China Mail
Special,
Business
Uri,
hawn