Success story_of_a good old-fashioned free enterpriser
In this age of combines and giant concerns there is still room for the individual with enterprise and imagination, Aerander Thomson talks to a man whose old-fashioned sense of -adventure has built up a £1 million bustarss.)
By Alexander Thomson
London, Aug. 14.
The voice of Laurence Ryan, a 46-year-old Canadian, echoed
down the telephone from Treforest, South Wales.
"I can sell conl for as little as 50- a ton and still make a profit", he said with a
defiant chuckle.
rivers
Ryan, who cami Ja Britpin Tut it did not lost. A drive with the Bra Canadians in 1949 ) agultist pilution:
kt. Laurence Ryan has made a fortune out at re- | gopped covering and relling root the hail to look around for another
kien. nationalizers forgat,
Welsh school
THE CHINA MAIL, TUESDAY, AUGUST 15, 1961.
HONGKONG New
STOCK EXCHANGE
by
Our Own Correspundewi
Business done on the Hong- kong Stock Exchange this morning amounted 10 ap- proximately $740,000. Noon quotations and the morning's transactions:
Ahares Buyers Sellers
Govt.
Kink. 5941 388
Ent. Reg. Allied inv
1.1. & F.E.
Invest.
whart ... Wheelocit
K Duck Talo Dock Provident
As the average plhead price for small ilustria! roal in Wales Is 83/3 ton he has a wide open market.
Lost year
Ryan's group of made He spottel bir "ps" of slag companies
profts of Realty 1187,008. "I am going to make| Tram waste that sacred the
them bigger he said Welsh valleys alongside disused.
eagerly, KMB He believes his methods can hel used in other party of the Yaudiati
He married teacher, settled in South Wales | aust and is now bow of to concern
There cuflect I. iyan toldings ¦ andnek Linked,
This werk it is being floated threuth share deal that values bogkan
has ervated
more Bian £1 millon,
EXTRAORDINARY
Lnrence Rynk
you se, is an advintoree and a free un-i
good old-fashioned le priser kind. Be spereve story is 21:
any that has xurdinary as been recounfed in me.
ago," be "Furtern years mid, "The Welsh mines postres Budge from their coat washeries inlo Bearby rivers,
Many had been there for 50 NOPEN OT more. There must
be good esal in them," Ryun fought.
The Jandi Loand the dinged Pines had been
returned to Inscriveners. Ryan teased their ald tips and sat to work.
his
Sunn he discovered thin Bench was right Tips were formed in the days when at quality steam enal was in big, demand for merchant Prets of the world.
WIDE MARKET
"Local people unexi to dig up i "Good coal was thrown away fiver beds with band shovels as a fost nt by-product in gel- peres of eual 'unt better coal, he told ine to Lerover small and slime.
"It is been there ever since,"
* decited to lry and do the i From theen old Ops he is now tame with exezyoters. It soon | getting 1900 tons of coal a day
very profitable j and selling it for between 00/
and 7'- a ton.
because
business
P.O
ORIENT
LINES
EMBARKATION NOTICE
s.s. "CATHAY"
ROUND TRIP TO JAPAN
CALLING AT YOKOHAMA, SIHMIZU & KOBE.
EMBARKATION: The ship will be berthed at No. 1 Pier, Kowloon Wharf entrance at No. 2 Gate, fanton Rond. Passengers should embark between 6 p.m. and 7 p.m. on Friday. 18th August, 1961.
SAILS:
BAGGAGE:
Cantry.
He also Juus "a few kicas" of the about processing some coal he is recovering. "But I don't want to disclose my plans yet he sakt.
At a guess I would say we may inter see the adventurous Mr Hynn going into the brieketle business too. Is he frightened
emmpetition from "Not at the prices we can sell at" he declared.-London Ex- press Service.
ایمان وها
oil
Airline orders
navigational
equipment
Northwest
Orient Airlines has placed o US$259,000 order with Collins Radio Company for the delivery of
airborne clcctronic navigational aids called Distanco Measuring Equipment (DME) . Northwest Airlines will install the Distance Measuring Equip
abuurd ita nsent
fleet of fet ∙DS-JC's, 720B's and prop-jet
Electra H's.
Collins airborne DME con- sists basically of a transmitter- receiver connected to
a small
continuous coded interrogation
Sales
1003399
York stocks LONDON decline on a
broad front
New York, Aug. 14.
Stocks were down along a broad front today in reaction to gloomy weekend nows from Berlin and normal profit-taking in the wake of recent big gains.
Selling pressure was not heavy, however, as activity dropped well below last Friday's quiet pace. Many issues also managed to close above their loss of the day.
Dow-Jones The
Industrial El Paso Natural Gas average lost several points re- Fully Finance Corp,
Ferro Col. in Easing Firestone Eyre" & "itubber flecting weakness Kodak U.S. Steel, Allied | First Nat. City Bank ........ Chemical, American Tobacco FUM NEL. Củỷ Bank
Fard Moter Eu. of Canu. and several other blue chips. | Ford Motor .....
Rails were generally and utilities down average.
Georgia Pucife steady General Dynammler
tile on
Today's volume was 9,120,000 shares.
10 306 100 354 test vid
300 10.70
24.0 25
300
1214
12.00
"
04
71
32
2003
MIK Hotel HK Lanni.
240 64 23
HING AN TH
67 72
10) 2.675
2.00 2001 2.50
415
1000 + 2.60
137282
120
Fikt
100 3915
301
Eletric
40 40% trash «» 40
100 ?
100 40
500 40%
1200 * 401
30 Industrials
Ex. Ies
4412 491
300 4522
20 Rails
21 21.00
4.70
100
27
150 031
HK Tele
UK Gar
Gilman
Jardines G.. Cement Dairy Form) Waten
XD Texilic Napyong M
Underwzlieri
309 or 46 20043544 500 19 2500 21.00 100 21.60 44 2300 in 4*4 2000 4.70
11:24 *3+ 40% 401
52
**20
Humphreya 21
EN A
In Invest. 15.40
Hi Mae.. De
Mreno Elec. 14.30
Rope
Arey Canning
43
BULL N 401
40 64 50
2000 12.30 1000 122 6.23
2000 15.70 ite 1000 45 120
20
01
New York
a total 1,250 shares traded, 1343 were higher and 064 lower,
American Exelunge was 1,370,000 shares.
General Electric General FooUN General Mutora Gen. Pub, Util. Ren. Tel. Elce.
Gen. Tyre & Rubber Glidden Co
Geich 16. 8) 66
Goodyear Tyre
0012
MARKET
FALLS
London, Aug. 14. The Berlio crisis kept buyers out of the market today, Gi-cdged recovered from a weak start and finally scored
gains of better than CV.
Stores, steel stoci and Engineering equities were de- pressed. Woolworth lust 1/3 to 30/3 and Unilever gave up p pence 163/0.
Un-
Rolls Royce, stayed changed but Vickers, British- American Tobacco, Courtaulds colton gave and Lancashire ground. Texlllès, tobaccos and buwertes all studed.
Despite Friday's Wall Street pek. dollar stocks went into the minus ealuunn, Chrysler two Shell and willlo points off
Standard OII,
N. J. each sur-
rendered a point.
Foreign bends died. Banks' and bisurance slots dealinad and real
estalo stocks were
26
Standard Frands
47
Standard Of of Cal.
45% Sinnulard Oll of Ind.
$21
15.
Standard On of NJ. Ster! Co, of Canada
7215
102zja || Sleep Rock
15
Sterling Drug Co.
011
tokely-Van Camp.
*
Bone & Webster
Studebaker Packard Corp.
a
679
Sunshine Mining
109%
1419
Swift & Co.
4722
Texas Cu.
Textron Inc.
Thickol Cheen.
1314
Tide Waler Oil
29
430
85b A
I
-431
Traciers Finance
volume
Great Northern Hallway Grumman Atteruti Cuit Oit........
Travelers Inc.
....
10210
2014
Tri-Cont. Warrante
424.
dull.
EN
Twentieth Century Fox Film
374
Union Carbide
1302
Union Oil et Cal.
Kole
Heyden Newpart Corp.
Hiram Walker ....
Union Pacife tallway
Somertale Minite Co.
Tited Atrorain
United Fruit
2012
718.93 | Lipranjan Retrix.
United Gas Corp.
U.S.
buying
130.55
idatie Power ...
118.03
Imperial Tobacco
15
U.S. Gypsan...
101
US. Line Co.
Ingersoll-Rand
12
favourite, Free
State Goduld,
237,04
Inland Steel La
UM. Stubber
deelined nearly
two shillings
3.41 Interchenfual Carp, ...
4114
U.S. Smelting
future
prices
Int usiness Machines
407
U.S. Stent
8011
down at BO shillings.
31
int'l Harvester
148.00 international Nickel
U.9. Steel PC. Pr Waukesha Motorn
1424)
unwilling
oll
2015
*
113
2014
ยงย
Bonds volume amounted to Hammond Organ $3,170,000.
Dow-Jones closing averages;
Is Utilities
65 Stocks 40 Bonds Comm.
Index
Closing prices
Abitibi Pwr. & Paper
Alden Inc. Acy.
Allied Chemicals
Am. Home rury. Ain. Mach. &
Mwand,
Ainerizan Spiell Am. Sugar ief, American Tel & Tel American Tub.
Apex
Ansconde Copper Armes Sterl Armour
Faper
International
jut! Tel &
Jobus-Manville Ca
Rainer Industries
#4112 Cartas C. Power & Light
4832 Konnect Copper
Liggett & Myers Tob. Co.
Lockheed Alterat
Cement Co.
Lowenstein & Sons.
McDonnell Aircraft
National Buquit Co. National Cash Be A National Dairy Fro 3015 National Lead....
30%
National Steel Corp.
Westinghouse Air Bruke Westinghouse Electriz Western Union Tet. Co. West VR. Pulp & Paper Winn-Dude Stores Woolworth
Zenith Handjo
K. Wa
Tins were firm in the mining
but
were coppers sector neglected, gold mines improved at irst and then turned irre- gular.
Last
week's
market
sent
Exchange rates
A rickle of selling an
leaders fractions lower, Shell 9
pence down at 121/3.
Teas were quiet but firm and rubbers held steady.--UPI.
Closing prices
British Government Securities Blathe
35 Saving: 1435/03/89-19/22
1000/70-75%.
1066/15--07
3
31 Wat Lonn-£2
Overseas Bonds
6. Gerqu (Dawest in.
50s &
Barclays Ord-13s Re Cage lank-J2 d.
Hongkong
Assurance is 01.
Lloyds Bank-Gi 3d.
Lombard Danking Ord-16s Tisd. National & Grinüteye 31s Gel. Prudential Assur, "A"-237 Hovai Bank of Cop
Buyal Insurance
Called Dyninien Trant-7-1/10
0.00 7.30
12
Algons Ster) Corp.
4914 Kimberly Clark
020
G
T
7.00
Metal Indunt.
1,073
Sincere
City Hotel
0
40
7.00 1000 7.70 2000 1,95 300 0.70
Alfed Milts Inc.
143%
Tay Trip
Allis Chalmers
241
Lition ind.
Am brake Shoe
40
12.00
Antrrican Airline
253
Loews Incoro.
A. Cable & Radio Corp.
12
Lone Stru
American Cyanandd Cu
JJAL
Lorillard 13.
Lane, Craw
Amer. & Foran, Power Am. Gas & Electric
1011
69%
McDerelt 3. Ray
231
Merck
3CP
Minesota Mining
44%
Mission Development
431
Business
€415
Molsons Firewery
Unofficial
3214
12232
Montante Chemical Co.
50%
Janrkel inoming at the following rates:—
was done In Que exchange
local
this
Montcrutini
1/2
132 Motorola The.
Montgomery Ward'
BEL
US dollar per )
3.763
Sterling notes (per 1).... Australian Rules (per 41)
16.4
12.02
1007) || Japanese yen (per 1001
47
03 | Cainbodła "rtel "(per 100)
1.40
9234 | French new franc (ver 1.
1.14
05
12
Sa
Argentine pelo per 100)
¦ Indonesia rúpiah (per 100)_.. Braxilion cruizeiro (per 100)
3.20
*** DIL
2.00
British Petroleum-15
91.
Burmah O-35 ·
12201
Korean hwan (pēc 1,000)
3.30
North Amer Aviation
30% | Italiam lira iper 1,000)
9.20
Toyal Dutch-11.
Shell Transport Ord-121 3d.
Northwest Airlines (Coma
2
4322
Chinese JMP(per 13
#1.53
Olabama Nat. Can
337
Taiwan ynen (per 10)
1.37
MA
Olin Mathieson
Thai balik (per 100)
27.1
Babcock & Wilcok Ord-201254
532
-C81
Otis Elevators
7032
Burmese Kyat per 10)
3,65
Pakistan rupee (per im
7.00
Marco palace iner 11
0.104
JO
Norwegian krone iper 100)
7.60
Pan American Airways
18
Paramount Pictures
Parke Davie Co.
3320 Sw frane (per 1).....
70% Singapore sitnits (per 1)....
Philippine peso (per 1
1.13
1.81
139
Penny F. C. Co
49
Penn, Salt Co
422%
A
Phin Marria
Netherlands guilder (per 1) West German D-Mark (per D Cuban pes (per 1)
1.54
1.41
NA
0,00
Pitney Bowco
2015
1152
Procter & Gamble Co.
242
Tilleburgh Pine Glass
Portland Gen
Zice
41
395 Puliman
al
sugar
New York, Aug. 14. World No 8 sugar futures today closed three lower
to
Asientos Corp. Atlas Cons. Mining Balwin-Chua-llam Baltimore & Ohio Bank of Montreal Beuk
Nova Scotia Beech Life Savers B. Tei, Ca.
Bell Telephone
Beneilelal Finance Bendix Aviation Corp.
Benguet Cons.
Belchem Steel Boeing Airplane Barden Thri Co.
three points higher Burroughs Add Machine with sales of 98 contracts.
Domestic No. 7 sugar cloyed one to thrce points higher with
Domestic Interes
news,
W
panel mileage indfenior. In operation Collins DME sends sales of 136 contracts, signals to a given ground DME World futures neked W station. The ground station trading feature S traders coded replies. The awaited news from the IRW transmits airborne DME electronically market. analyses the replies, converts The ship is expected to sail at 7 a.m. them to visual milenge Agures,
showed re- on Saturday, 19th August, 1961. and displays them continuously lative steadiness ou trade buy- to the pilot on the panel of the ing orders and some lidt rover- With DME aboard, ing asgelated with the Berila sircraft Should be sent to the Hongkong & the pilot is continuously aware Kowloon Wharf Coʻs Godown (No. 2 of his exact distance from
In the spot market. Gate) between 8 nm, and 5 p.m. on given ground station.
Northwest's order brings the operator reportedly bought bee Thursday, 17th August, 1961.
ktal of Distance Measuringween 8,000 and 10,000 tons of Equipment
East Ixiles from British purchased SUBJECT TO CHANGE
Collins during the past four Septimber shipment, at an un- months by airlines, ultrame disclosed price- UPI. manufacturers and corporate and private aircraft owners more than 1.S.$3.5 mililoti.
Headquartered in Minneaprilie. St. Paul, Northwest's routes span the United States, the western arcas of Canada, and extend as far as Manila and Purmosa in the Far East.
Agents:
MACKINNON, MACKENZIE & CO. OF HONG KONG LTD.
P. & O: Building, -
HONG KONG,
Telephone: 35211/9
ANNOUNCING
17
UNIT TRUSTS
British Amer. Oli British Colmbla Pwr. Calit. Packing Corp. Cana. k, of Cumm. CRO Brewers
Campbell Soup Co. Canadian Pacife R
Crse (3) Co.
Cal Tractor
Celanese Corp.
C. 1. T. Financial Corp.
Chase Maatus. Bouk...
Chrysler Motors
Clucit Parbndy
Coca Cola,
Colgate-Palmolive Co.
Columbien Carbon Co. Cominereal Credit Corning Glass Wiks Consolidated Edizon
Consolidated Paper Consuiners
Соя
FR
New York Central Noranda Mines Lad
00h 14 Norfolk. & Western Hy
A
G9
Owen-litinois
Oxford Paper Co.
Rei Pacife Gas & Elec
Publicker Industries
Pure Oil
827 6535 Radio Comparation
Radio Carb. Pref. Raytheon
Republic Steel
45% Reynolda Metal
Reynolds Tobacco
Royal Bank of Canada
09
09
Royal Dutch
77%
Rheem Mig.
Seats. Roebuck & Co.
an
Continental Cau
Shell On Co.
Continental Oll of Del.
5310
Safeway Store
Como Imperial Mulk. Crane Co.
Saat Reg. Paper
Schenley Inc.
Crim Zellerbneh
3714 Brott Paper
Cuban Amer. Sugge
14
Siegler Corp
Delaware & Huisqu Co.
IG
Sinclair Ol
Diamond Noti
Diamond Alkal
TO
Smith, Kline & French
Socony Mobil 0........
4510
Bouth Puerto Rico Sugar
234
38
Southern Co. (The)
4416
raws,
First Hongkong Fund: $1.26 (buyer) $1.34 (seller},
Secund Hongkong Fund: BG 'cent (bayer) $1.62 (salter),
Swissair Convair fastest commercial
Jet
Starting September.
Up to five weekly jat servico:
Europe Middle East For East in co-operation with SAS.
For Information and reservations ask your travel agent, for cargo your freight forwarder, or SAS/SWISSAIR Air Travel Offices:
Hong
Kong Gloucester Duliding. Tel: 22208, 32062, 12420.
Kowloon-Paninuula Hotel Exit Aronde, Tel: 65707, 45989, 44513...
Distillers-Seagrams Dominion Stores Douglas Aircraft Dow Chemtent Dupont de Nemours Eastman Kodiak
391% Southern Natural Gas
Southern Pacile Co.
212! Bouthern Railway (Cum.)
Sperry Stand
Agreed merchant
rates
5.00
U.S. Dollars: Maximum Selling 17-11/32. Minimun Buying 17-19/32° T.T.; 17-21/32 O.P.;
00 17% 30 days; 17%
days;
17-31/32 90 days.
Canadian Dollars: Maximum Selling 17-29/12, Minimum Buy- 20ing 18-5/32 T.T.; 18-7/32 O.D. 401
Swiss Franes: Maximun Self- ing 74.
Belgian Francs: Selling 861.
Maximum
West German Deutschemarks: Maximum Selling 69-3/10.
COMMODITY PRICES
RUBBER
NEW YORK
Rubber futures closing prices,
all in vents per lb.:
May
July
Oci,
LIVERPOOL
10.310
38 055 35.261
Oct. Copper Sept.
Oct.
Closing prices all in pence per 1b.:
11.201
30.38b
19.01
LONDON Closing prices, all in sterling per long ton:
Copper spot
j-tunt
Lead Spot 3-month
Zine Spot
3-month
American Contract
26.35
24.30
'TA LEO J-mentit
29.30
BEX Standard
25.05
sept.
30.06 201
July
23.70
Nov.
20.70 50.00
Jan.
20.00
29.49
Mar.
21.30
May
20.25
Oct
Oct.
23.00
Mixed Contract
LONDON
25.23
25.70
Closing prices all in pence per
MAY
26.10
lb.:
No. 1 Zas suut
20
July Oct
20.10
---UPI
Settlement house permit
Sept
201
Oct./Dec.
2405
Jan./Mar
Apr/Zune
July/Sept.
General marketn, c.lf: basis, Borts:
Rept.
Esinte erope thin- Aug.
23 2001,
UPI.
COTTON
NEW YORK
Closing prices ali in cents per 16.:
Spot
Oct
Mar.
May
July
26.45
34.00
和桃
לואר
2016
SUGAR
NEW YORK
Closing prices, all in cents per 1b.:
Ultramar Company-27.
Steels Engineere
Cotviles Ord--50% 10.
Dorman.
Guest, on 100.
Harland & Wolf Ord-10%: Atetel Box 35.
Sleri Co. of Wales-31 90. Stewarts & Linyin Ord-2_6d. Sumitera de Surg Ord-11 7d. Tube Investments-- 61 71. United Steel-30 3.
Vickers Out24 d.
Klectric
Assoc. Elec. udusteler-354 3d. Brit. Elvetronte 10. Belt. Ins. Callender Ord-78 9. Rice. & Mus. Industrica-385 34. English Electric Ord-30s Ad. General Electrie Ord-20s 34. Philips Lamb Works-10-9/32. Rediffusion Ords 10.
Industrials
Portland Cemont-73 155. Boardman Marden Ord-S Sorax (Holding)-17 Si. Decra Records Ortl-034, Dumap Rubber Crd-2. Fons Ors401. Glimun (Holdings) Ord.-a. London Uriek
InformOuld-00125 30.
04.
& Newall Ord630 436d.
10, Chemicals
Tilever Ord-14 1
Imperial Chemical Ord-8ts 101. Monsanto Chemicals Ord-10 d.
Cinemas & Television Urlt. Picture19.
Organisation Ord-23 34, Stoll Theatres To 1.
Paper
De La Rue Spicers Ord-44 d. Wlarins Teaps Ord-55 Cd.
TODRECOM British-Amer, Tab, Ord-0€ 4. Imperial Tobacco
Carrera "" Ord-006.
Molors
British Mining Ord
Hawker Siddeley
gusir Care - Holl-toyce Ord-434 1015, Wenland Aircraf–188.
Textiles
Braford Dyern'-ids 3d, Cauce Printers Ord-12 d. Coals J Paton & Baldwino-is Jd.
Courtaulda Ord-14s 105A. Fine Spinners Ord-25a 3d. Lancashiro Colloa Ordü 7.
Breweries
Diller Co, Ord-Sa 04.
Guinness (Arthur) Ord-34, Ind Coupe Ordis.
200
Buyers Sellers
DAGIS
231 23145
234 23
Bay
C4%
Dd.
7811
779
-UPI
FOREIGN EXCHANGE
NEW YORK
00-15/30
2.0020 2,4911
Closing rates:
Euriano omejal
30-days
00-days
Contract No. 4# (world)
Oct.
Auriralin
802b
New Zealand
ATAY
2010
Bouth Africa
July
Halb
Rept
Froney
Oct
2.030
B
contengla
Spot (World Aunregn) 230 Total Bale: Open Interest: faz contraèle op ʼn
-UPI.
NEW ORLEANS Closing prices all in cents per
METALS.
NEW YORK Closing prices all in cents per 1b.:
SWISSAIR
fipot
Col.
DALL
Mar.
31.00
54.001
Lead Bept......
oft.
39.940
Zino
Bep!,
Norway
Switzerland
Others Ruchianged.
LONDON
Closing rates:
New York Montres) Amsterdam
Francja Copenhagen
2.7710
BLOYES
Fitch Level! Ord-10# 414d. Great Universal Ordmix. House of Frazer Ord-034 93d.
Marks & Spencer
Or4-93#
Tate & Lyle Ord-40a Ziýel.
United Drapery Ord 148 3d, Woolwork. W.) Ord
isrelinnroue
Bowmaker Oris 168.
frit. Commonweal Ship, Ord-386 7.
C.
nadian Paclile Ord-#1834. City of London steal
Pron-22#
Cunard Steamily Ded--le $0. Forestni Land & Timber-15 d. Furness Withy Ord-391 100. Hongkong & Chlon Gr luston Jhay Cont. Jo-China Def, Ord-22, 3d, Janu Seeurfles Ord–215. T. & O. Beam Nav. 10%d.
Mines
Def-394
Belt, South Atria Co-621 30. British Tin Investment-lex. Consolidated
Ord-101 3d,
The 10TH da skl.
Free State Geduld-50 Ft.
CTP-204,
2.2420
2.7920
2007
London Mount Is
1401
2319
200-1/30-430-3/16
1,09-2.091 19.0013-16.07 13045-13000. 19.3436-192415
Frankfurt
21.1-11.19
IM
900116-20/01
Parlo
48.7034–13,70
Atacktoim Milan 10.200 Vienna
1445-104015
10.2
Zurich
17271-175414 тадатало 12.06-12.00
13.270
UPL
Orange FG Invest. Trust-€29.
Felning
12.
President Braut--34* 490,
.
Endesian Angin-Amer. Ord~570.
Rejection Trust.
Corp-476.
in Tinto Hesret)--3 1014. Hoan Antsima Copper đã Belection Trust Ged=081 08. Trunals Minny++)09.
Union Corporation~80s. Welkom Gold Mining-10 Od. Weal flank Inverment
Western Holding-120,
Trust--šče
Bouthern Malečni Tin-ade.
– Kúnný "A Tene "
Urdant
Angin Tridotierint
Ceylon Tee
Imperial Tha Og)–254 90.
Issa,
Kuala Lumiaur Keping, 3€ 3%d" Lambak Nubber-400
Fouler.