! Page 1
THE CHINA MAIL, FRIDAY, AUGUST 25, 1961.
Berlin tension pulls down New York stocks
New York, Aug. 24. Tension over Berlin and the car industry wage negotiations re-
sulted in another stock market setback today. Popular market indicators showed deep losses at the final bell but volume contracted for the sixth consecutive session, indicating that the selling lacked urgency.
Asbestos Corp. Alisa Coni Baldwin-LimST
Stoels and utilities were Armour slightly caster bul losses of one to more than two points were fairly common among the rulls, cars, chemicals. coppera, tobac cos, alls, rubbers, drugs and entertainment issues,
Baltimore & Only Tank of Motren
1. C. Tel. Co.
B1%
32
Gelly Oll......
Gen Tyre & tubber
011
17
Cudjon Co.
17
Goodrich (B. 7.) Co,
7211
31
Goodyear Tyre ......
17 70
Great Northern Railway
20%
Bank of Nova Scotia
Grumman Aircraft
Beech Life Saver
7216
Cuit Oil.........
43
Hammond Organ
Belt Telephone Beneficial France
Hayden Newport Corp.
Ba
Hium Walker.
General
Allied
Bethlehem Steel
Betis Aviation Corp. Benguet Cret
Itninertake Mining Co.
Hussar Refrig.
12
Burroughs Add Machine Brilish Am. Oil .....
Big losers among the blue chips included Ford, Molors,
Dow and
Borden (The)
Chemles), Du Pont, Eastman | Boeing Airplane Kolek, Union Carbide, Gentral Foode, General Tyre, IBM and Phelps Dodge
British Columbia Pwr. Calif. Packing Corp.
Cana. rowery
Today's volume was 3,000,000 Caur. Bk, of Comm.
shares.
shares
of 1,247 Or a total fraded, 332 were higher and 681 jower.
American Exchange
was 1,840,000 shares.
Bonda volume apunted $4,970,060,
Dow-Jitra closing averages were:
30 striuje
20 B
15 Utilities
10
Ston
Raho Power
64% Imperial Tobacco
gingersoll-Itand
Inland Steet Co.
40
U
Lockheed Aircraft
Lorillard E.
15NeDonttell Aircraft
WALL STREET CHATTER
notes
IIK Bank Lombard Wheelook
IK Wharf HIK Books
a glance ⭑
Dividend
The
share market at a
★
July 27
Aug. 3
384xd
45m
Aur, 10 30034 4316
Aug. 17
Aug. 24
Up or Exwn
379
300
+2
450
Steady
& Bonus
500* $3.25
Yield (%)
2.0
19,80 x 13.20
13
12.00
1214
-10c
150
374
392
306%
300
378
IZ
318
111
111
807
109
+"
34
Taikoo Docks
72
14
71
70
70
leady
Provident
324%
33
3113
b
II Hotels
48
44%
4514
4214
43
IIK Lands
73
7916
7316
7114
7116
-500 +500 Kirady
$3.20. $1.30
4.0
JK Realty
2.436
2.025
2.03
2.47%
2.55
-20
$3 $2.40 18.150
HK Trams
4016
414
72
41
4014
~750
$2.03
Biar Ferry
2491
2468
2408
200
230 ex dlv.
$19.50
that
Yaumatis
130
120b
130
127
135
$0.50
·7,0
Ch, Light
3814
40%
40
3D
IR
-50a
รุ่น10
Electrica
30
4116
41.
40
3944
-250
$1.70
IIK Telephone
53
*7ex
400x
44
44
$1.75
instien
lasten
G. I. Coment
63
0314
04
0216
02
Dairy Farm
3016
41
414
40
2014
鹗
A. 8. Watson
Kin
52
32*
50
51
+1
4914
430 ex all
14 ex all
40b
$2.80 $3
Int'l Investment
14.60N
18.70
10,00
.
15.70
1516b
-20a
EL
Allied
11. ex all
11s ex all
10,60
10.30
$.80b
-50c
IK & FE InY
24.80%
24.50
24.70
24.60
steady
Textile Corp
ต
04xd
6.70
6.706
0.50
+10c
400
Nanyang
Kowloon Motor Mus
Jardines
11.60s 79 27.80
11.700
12.10
12.20
12.30b
steady
$1.10
7914
80
78
7814
27.84
28
27.30%
26.70
+50c ---1.『fd
$2.80**
800
Now York, Aug. 24. Bacho and Co.
despite a lull in July pro- duction, boat sugar out- put by U.S. producers is running well ahaad of last with seven-month уса output up almost 20 per
cent.
Bache says this is due to the reallocation of some of flier quotas of foreign producers. This year's domestic
crop looks to be right in ne with
Jast year's record breaker and there's a possibility Congress will revise the Sugar Act at the next sension favour the
domestle beet sugar industry.
The brokerage house gays,
"accordingly, we're maintaining
our long held favourable
vlett
of top quality beet sugar pro-
30% ducers A solid holdings for Prensonably secure income
Rnd
Only time will tell, but many observers still feel that'n major
cur strike will be avoided, Walston and Co. says. If it lo, the Arm fecla "general business
should really get a boost forward. Avoldance of an walkout would uld the steel shares especially,"
*
86!
azyInterchemical Corp.
41
Int'l Business MachineR
100%
$114
In larvesivi
B218
international Nickel
031á
BAZA
International Paper
Campbell Soup Co.
Int'l Tni & Tel
12424
Caurdian Pacioc .
231
Johns Manville Co.
0315
Kaber Industries
Case J. 13 Co.
DEL
物
Kankos C. Power & Light
100%
Cat. Tracter
Kennernti Copper
24%
Celsiene Care.
375
1. T. Finncial Corp.
Kimberly Clark
Liggett & Myers Pub. Co.
vohune | Phaze Manhai. Rank
01% 65
Lily Tulip
50
Chrysler Melors
Litton Ind.
138 growth."
tett Peabody
801
405
to Coca Cola
0413
Enews Incorp.
23
Colgate-Palmolive Co. L'alambian Cachan Co.
47%
Lone Star Cement Co.
304
30%
Conere Credit
Lowenstein & Bro.
1922
Corning in Werks
1073
McDermott J. Ras
1614
714.04
Consolidated Edilson
않습니다
143.07
Consolidated Paper
46
Merak
110.6
Conturnere Gas
18
Mastirota Minin
7645
217 Jun
Continental Cas
44
Mission Developeírit
03 45
Continental Oil of Del.
ET
Molsons
Brewery
29
10%
Monsanto Chernicat Lu.
i Crone Co
671
Montecatin
34
CAT
Crown Zellerbach Cuban
100%
Montgomery Ward
201
Ant. Sugar
135
Molomine.
13
#41
Delaware & Hudson Co. Diamond Alkall.
404
National Dieuli to.
70
National Cash Reg. "A
1031
201
44Nethal Lead
National Dairy Prod.
MBIN
National Steel Corp
0510
02
50
New York Central
17-1
44
迎
Noranda Mines Ltd.
520%
24
0211
Allis Chalmers
Ain. Brake Blue
432
22022
Norfolk & Western Hy.
1000
North Amer. Aviation
1435
American Airline
221
Nerthwest Airlines (Can.)
2315
Am. Cable & Hadlır Corp.
119
Eastman Kodak
102
Oklatan Nat. Gon
American Cyanum
Ca
41.
El Pano Natural Gas
1
Qin Mathiesoti
40
Am. Gas & Rectric"
A. Fargn. Power
40
tix Elevators..
T
Ferro Corp.
447%
Owen-Illinois Glass
20
230
Pitestone Tyre & Stubber
4553
Oxford Paper Co.
32
42,3
First Nat. City Bank
01 1834
Pacific Gas & Rice.
30
Ford Motor Co. of Cons.
Pan American Airways
LA
43..
Ford Motor
#11
Paramount Pictures
7222
American Smiling
Georgia Pacific
44
Parke Davis Co
Am. Sugar Hel.
32
General Dynamics
Penny J. C. Co.
18
American Tel & Tel
122
ca
ment spending.
Paun. Sult Co.
40
American Tob
19
General Foods
#21
Pallip Morris
KM
2
General Motors
12.
Pytney Bower
303
Anatenda Copper
Gen. Pub. Util.
212
Procter & Gamble Co.
SOP
Armen Steel
17 Gun Tel. & Elec.
2514
Prisburgh Pute Gloss
Portland Gen. Elec.
431% 48
Publieker Industries
10
4
63 Stock*
Cauna. funts price index
Closing prices
Abitibi Fiwr. & Paper
Alden In Acy
Algoma Steel Corp.
Allied Chemicals
Allied Mills Inc.
147-7, Cumos Imperial NEIŠIK
Am
Hans Prod.
Am. Mach. & Fary.
American Metal
Am. Natural Go
Ampex..
Nat'l ..
Diaters-Seagrams
Deinician Stores
Douglas Aircraft
Dow Chrmien?
Dupont de Nemour
Kaslern Air Line
14. Family Finance Corp
General Electele
NOTICE
THE HONGKONG ELECTRIC CO., LTD. NOTICE TO SHAREHOLDERS
INTERIM
NOTICE IS HEREBY GIVEN that un DIVIDEND in respect of the year 1901 of 60 cents per share has been declared payable on and after 20th September 1961. The Register of Members of the Company will be closed from the 6th day of September 1961 to the 20th day of September 1961, both days inclusive.
Pullman
Pure Oll
Radio Corporation
Radio Corp. Pret
Raytheon
Republic Steel
Reynolds Metal
| Reynokia Tobacco
Royal Bank of Canada
Royal Dutch
Bheets Mfg.
Sears. Roestuck & Co.
shell out Co.
Safeway Stores
salt keg, Paper Schenley Ine.
Scott Paper
Stegier Corp. Socialroll
Szulth. Kine & French Bocony Mobil Ot
Southern Co. (The
As a reminder to Shareholders, an extract of the pro-South Puerto Rico Sugar ceedings of the Sixty-seventh Ordinary Yearly Meeting of Shareholdera held on 10th March 1960 is repeated:
"The Company's Directors have received notification from Government that in the event of Government's BC quisition of the Company, the Directors will be liable to account for any increase in dividend over that notified be- fore the 10th April 1959.
As a further reminder, the following is quoted from the Annual Report dated 9th February 1961:-
COMMISSION OF ENQUIRY
Southern Natural Gas Southern Pacific Co.
Southern Railway (Com Sperry Rand Equare D Standard Brands Standard Oil of
Standard Oli of Cai.
Sumdard O11 d
Sterlius Drug Co.
Stone & Websler
tokely-Van Crimp.
Studebaker-Packard Curd,
Sunshine Mining
Switt & Co
Texaw Co Textron ine. Thiokol
Chem
Tide Water Ol
indicated to you in my report for 1959 that the Board did not consider the proposed terms of compensation recommended by the Commission of Enquiry to be equi-Time The. table to shareholders.
'Subsequently, in conjunction with the Chin Light & Power Co., Ltd., we formuinted a scheme to reghiate the further operations of the two companies and this was sub- mitted to Government on the 24th October 1960.
Put very briefly, this scheme provided for a fixed rate of profit of 2.6c per unit sold and for a fixed margin of 2.2c per unit sold to finance the capital extensions.
Oppenheimer Fund, Inc.. which is placing its dividend to shareholders on an annual basis, predicts that many other mutual funds will switch to an annual dividend polley in the next few yours.
Thomas and McKinnon says a generally favourable outlook continues for the market. backed
Lane, Crawford
4016
• When shares were five times their present value.
** Expected dividend for year ended February 28, 1901.
LONDON
London, Aug. 24. Buyers stayed away today
and industriot stocks ra». gistered widespread lossos,
Only a few counters did not! decline including Channel Tunnel which rose 0/9 to 27 /D 10 open on the French move talks with Britain on a bridge or tunnel lak across the straits, cbb Trading went to a low and brokers ould a crop of dis- appointing company news help- ed deter buyer's.
Textiles sank along a broad front; stores and tobaccos eased while engineering and electrical equities turned duli.
Qit stocks gave ground most leaders losing fractions.
Dollar atocks took falls, General Motors off three. Fords 3-4 down with US. Steel, international nickel lost 1 point.
WAS No trend
Bel in git- which edged
attracted little business, nost popular lasuçs ending unchanged, Greeks fell bonds back in an idle foreign conflict, It for A major
business
up by improving activity and increasing govern-
The Fitch Survey says that barring a serious sees 30 basis
market reaction. Rather, the economle, financial and technical indications
suggest continued Ggood market support and even-
tually, higher prices, it adds
29% P.
0211
صح
New York
cotton market
New York, Aug. 24. Cotton futures today turned reactionary ofter a mixed stort, dropping back to losses of 75 cents a bale, the widest for any session
in over five weeks.
Traders found nothing
STOCKS
FALL
Rediffusion Ord-40 36
Industriata
Assoc Portland Cement-69# 10158. Boardman Marden Ord-4 Oct. Borax Roding=fd_pd. Decen Records Ord-G4B, Llop Rubber Ord-25% 7iyel. Pinona Orduāla Visd.
Gilmurs (ffoldings) Ord3% 10% International Computers-V2x 4. Turner & Newall Ord.--Gis 19ýd, Unliever Ord—142x-_- Wiggins Tenpe Ord-55e da,
Chemicals Imperial Chemical Ord-CB 44. Mansants Chemnteak Ord-209 11d.
Cinemas & Television Assoc. Brit. Pleuren 40%, Rank Organisation (r-2A 190. Stoll Theatres-Os 750.
Paper Bowater Paper Ord-55% 30. De La Rue Ord-5ts. Spicers Ord-448.
Tobaccos British-Ainer. Tab. Ord—67h 31, Carreras 3rd-40 4lad." Gollober Ord—40% nd, Imperial Tubated Ord-C# 3d.
Motors Brish Motor Ord-13% 1011⁄2u. Hawker Siddeley, Ord-30s 150. Juguar Cars Ord-100r. Rolleitover Ded-45% 7!yc. Wesland Alcoruft-171 1011⁄2d.
Taxtlies
market.
Tins kept on the uptrack but lower Kulds moved irregularly and coppery shaded.
Little
in bd. change showed rubbers and teas were mixed. UPL
Closing prices
British Government Becurities 24%. Comenicnted-38!?.
Conversion-521
3 Baving 1935/65-60-17/32. Saving 1980/7OETEN. 9. Savings 1965/75—20. 3. Wer Loan--A 52}). Overseas Bonda
German Dawes) - £017. Sapere. Amented.
Harika InTurance
Barclays Ord-60 d. Chartered Bank-Sis ju. Cardian Amurance-11 94. Hongkong Bank-£17.
Landal Trust—150.
Lloyds Bank--Gla Dd. Lombard Banking Ord.+154 11ju, Prudential Assur. "A-22-11/18. Rayo! Bank of Canada 201 Royal Insurance
Orst-158% c.
British Petroleum-45. Hurmah Ol-35% 3. Shell Transport Ord 110s 3d Royal Dutc£ 11-0/15.
Ultramer Company-201 4155,
Steels Engineering
Babcock & Wilcox Ord-20 101.
In
Colville Ord-59% 64,
the
Dorman, Leng-218 7490.
Guest, Keor. Ord-804 Gu.
to account for reversal, the general conclusion
the lows
235%
214
being that It
was
a technieni
8212 90
138 143
setback following gradual climb
the recent
to
TIE W SCH-
Twentieth Century Fox Film Union Carbide
5015
Traders Finance Travelers Ine, Tri-Cant Warrants
Valon On of Cal Unoin Preille Railway United United Fra United Gas Corp. US. Gynon
US. Line Co. U.S. Hubb U.S.
US, Sleet
"We received offeinl information on 27th January 1961 that the proposed scheme was not acceptable to Govern-S. Steel 7 PC. PF ment, mainly because it did not provide for the amalgama-Warner Bros.
Westinghenine Air Brake tion of the two companies and also because the proposed Worlinghouse estate schema of financing capital extensions would permit the eat Va. Pulp & Paper
Western Union Tel. Cu. companies to earn the 2.5e per unit sold on output from Winn-Disde Store
Woolworth (K. W) plant provided by the consumers.
Zenith Radio
'I would like to emphasino that this Company has in the post-war period passed on a fair proportion of the benefits which have resulted from expansion, in the form We have endeavoured to of reduced rates to consumers. apportion increased profits in three ways, one-third to con- numero, one-third to shareholders in the form of increased dividend and one-third plaughed back Into the Company to provide for expansion. This acheme was explained in full at the Commission of Enquiry, and I do not think it re- ceived the attention which it deserved.
'One of the main problema of the electricity supply in- dustry is to obtain the large amount of capital which is required to finance the purchase of plant in order to meet the inercasing demand." At the present rate of expansion, our sales are doubling every five years. Each kilowatt of demand requires a capital outlay of approximately $1,600. Our planned capital outlay for the period 1901/1968 la United Kingdom the electricity ratea charged by the
30i sunal highs.
Closing prices ruled off four to 15 poluts. The market opened 35% unchanged to off five points, New Orleans closed of four to
commission
house
selling orders, along with light hedge selling disclosed an in- different demand from trade in-
20%
2015
15 polais.
mil
Scattered
211
304
a
1425
terests and other buyerà.
2036
Spot Interest transferred mand from trade interests
37%
other buyers.
Spot
de- and
Interent transferred
16 October for the December 104% delivery, along with December
New York
sugar
Now York, Aug. 24. World No 8 sugar futures closed two to 16 points higher with sales of 55 contracts.
Domestic No. 7 sugar closed
$144 million. Inationalised olcotricity supply industry ono higher to two points lower
enable them to finance some 48% of their capital outlay from consumers. In the case of the two Hong Kong companies the objection to this course iles in the fact that shareholdera will resp part of the benefits from the useful employment of the funds provided by the 'consumorn.
*Your Directors cannot solve this basic conflict of opinion between Government and the two glactricity companies but we are ready at all times to negotiate with a view to reaching an equitable settlement.
A further achomo has been submitted, but we are unable
to forecast when a sottiement will be ronched. Shareholders will be kept informed of any further development of Importance.
By Order of the Board of Directora,
W. STOKER,
General Manager.
Hong Kong, 24th August, 1901,
with sales of 140 contracts.
Strength in world futures was
and March. The July, 1902, [delivery opened at a new sea- conal high of 30.20 cents pound, then dropped back to
close 12 points, or cents B
bale, under the high
today 346
The certificated stor'; totalled 90,509 bales, bales awaiting inspection and micronnaire, compared with 90,58 and 350 bates, respectlyc- ly, in the previous posting on
Weduceday--UPI.
Chicago grain
coupled with the advance in the London market, which in turn Most was attributed to concern over the Berlin situation.
domestie contract
оп
lincind & Wolff Ord-18 Jef. Bletal Box-823 151⁄2
Sitesi Co. of Wales-30% DJ. Stewarts & Linyda Ord-d38, Stanmers & Son Ord-434 tyst. Tube Investments-639 06. United Sicot~~~4|i. Vickers Ord-338 45d.
Electric
Aanoc. Elec. Industries-351 sd. Birmingham-Bound-304 7d. Brit, Electronic Ind.ID, Brit. Ins. Callender Ord-07_015. Elec. & Mus, Industries--574 SKE. English Electric Ord-30% Bit. General Electric Ord-299, Philips Lamp Work£30,
Bradford Dyers-105 435d.. Calico Printers' Ord-121, 1996. Cents (JP) Paton & Baldwins-41
Courtnyldi Ord—33x dfyd. Find Spinners Ord-238. tenensfitre Cotion Ord--56%,
Breweries Dimilitera Co. Ord,mide id. Guinnes (Arthur) Ord-Six del. Ind Coope Ord-128 20.
Stores
Brent Universal Ord--52#. Great Universal "A" Ord-45a. Hoven of Fraser Ord-523, Lyens ) "A" Ord-11. Marks&Spencer "A" Ord~67%, Tate & Lyle Ord-44% 7950, United Drapery Ord-43a 36. Woolworthy (PW) Ord.—800 7340. Miteṇilaneous Bowmaker Ord-34 94.
Brit. Commonweal Ship. Ord.---37
d. Canadian Prelic Orgi-$43.
City of London Real Prop.---7]x #d. Cunard samship Ord-138 10ud, Forestal Land & Timber--131.
Furness
d.
China Gas-23% Gd. Hongkong & Ord-37 Hudson Bay Co.—£7-9,32,
Def. Ord-224. Land
curtiles Or-2 65. P.&. Atram, Nav. Dof-lls.
Mines
Anglo American Corp. SA-120s #d, Brit, South Africa Co.-59 d. British Tin Investment-10s B. Consolidated Zine Ord-BRA Ed. De Beers Del-133 Bd.
Tin Carpalı 211⁄2d. (10-504 340 Petaling T
dd.
Rhodesian Anglo-Amer.
Ord...&da
Thokana Casp.40 0. itis Tinta ileareri-36s 3d, Ron Antelope Copper 4d, Union Corporation-47 Cd. Welkom Gold Mining-iis öd. West Rank Investment-1300. Western loldings 117 G. Bouthern Malayan Tin-3dx.
Nabber & Tens
Anglo Indonesian Plant - 190. Ceylon Ton Ord-20 . Imperial Ten Ord-130 9u. Kuala Lumpur-Repong-d¶ 211⁄2d. Lambak Rubber-es id.
outer.
24.60b
$1.25 $1
-83893.33.38** *.. 38 Fänn
0,4
0.3
12.8
4.1
HONGKONG STOCK
EXCHANGE
By Our Own Correspondent
amounted
tu
نواز
Business done on the long-k Dock..
Stock kong
Exchange this morning proximately $1,670,000. Noon Talkon Dock Pravilent. morning's lote.. and the quotations transactions:
ith Land Bhater
HK Bank..
IIK Bak Ailled
#IK Tram
100 110
3.6
2200771
70
SIX 500
41 42
70
Buyer Hellers
370
Hales
10 380 40 052 16 300
200 TUTS
11K Realty
jold)...
2
2.35 0000
2.823
215370
5000 15Z
30 40%
1000 no 30
Lun. Keg 200 201
Την
60 290
200 40 40
10.30
Le 301,
K. F.E.
TO!
70 OCO 19
24.60 372
21
250
1714
124
100124
200 124
381
3000 ur 3815
100
39 3
100
Invest.
Wharf
Wherlock
12 12.00 3500 121
0000 or 12.00 20000 52.00
Exchange rates
K.M.B..... Yaumati
Ch. Light
UK Elec...
མ*་དྷཱང འདོབྷཱཛཱདྷསྨཱངྒཱདཱཀྐཾཝཱཀྵུ རྞ པོ ཇ ་ ད བྷ ་ རྟ དགོནŁཕབྷཱརཎྜཔར་
རཱཝཱཝཱཎྞཾཐཱཛ྄ཏྟཝཱན
Tel. (Old)
0.721
Its.
10.00 1920
15.90
uk Gas
21.20 31.40
12.07
Gitman....
4.64
1.41
0.00
Jardines
725,00 200
1,15
G.I. Cement
021
2.13
Dairy Furin 381⁄2 381⁄2
500
1.70
*0.00
100 3915
Walton
5015 32
3.30
TextUe
9.15
Namyang 12.30 12
0.49
A. Hubber 64 0.35
1.30
27.10
R. Trust
7.19
7.80
City Ifotel
* 4015
5.70
7.07
0.004
Mine
tic
7.00
int Invest. 24.00
1.40
Humphreys
25.80
1.31 133 1.54
Star Forry
XD
Business was done in the local uneficial exchange market thin morning of the following rates; U.S. dollar (par $1) Sterling notes (per £1) -*** Australion notes (per S).. Japanese yen (per 100) Cambodia rei (per 100| French new frane (per 1).. Indonesia riplok (per 100, Brazilian crizeiru (per 100) Argentine peso (per 107) Korean hwan per 1,000, Hallan ilen (per 1,000) Chinese JMP (per h Talwan yuan (per 101 Thai baht (per 2001 Burmese kyai (per 10, Pakistan rupee (per 10).... Macao palica per ..... Norwegian krone iper 100).. Pallippine peso (për 1) ..... Singapore straits iper 1) ... Swiss franc per 1)........ Netherlands güilder (per 1,... West German D-Mark 1per 1) 144 0.01 Cubon peso (per 1) ......
Agreed merchant
rates
US dollar, maxbaum selling 17-13/32, minimum 17-21/32 TT:
buying OD: 17-23/32 17-13/10 30 days; 17-15/16 00
ders; 18-1/32 90 days,
Bibeng Elce. 14.30 14.90 Hope
40
Loj Craw Lane, Craw, ▾
Righta
4041a
1.40
4138
U.S. INVESTMENT QUOTATIONS
The following are Invest-
ments as in American
dollars.
Canadian dollar, maximum Buyers' prices Include commis-
selling 17-15/16, minimum buy-sion:
| log 18-3/10 TT; 18-1/4 OD.
75.
Swiss francs, maximum selling
Belglan francs, muximum sell Ing 864.
West German Deutschemarks,
maximum selling 00-3/8.
COMMODITY
PRICES
COTTON
NEW YORK
Closing prices ali in cents per b.:
Bpet: 36.15 nom: Oet: 343; Dec: 30.030 Cct: 33.200: Der: 33235. 33.036; Mar: 35.10b; May: 30.10; July:
Ib
NEW ORLEANH
Closing prices all in cents per
#pot: 23; Oet: 14.706; Dee: 33,3lbt
Mat; 33.00) May 1340. July:
3023; 1: 33.336; Decr
LIVERPOOL
Closing pricca all in pence per
ib.:
American Contract
| Dreyfus Fönd
Amited Fund
Sellers Buyers
804
4.31
Am Bus Shra,
4.70
5.00
Atom Dev Mub.
|
Axe Hought B.
1.40
10.24
Bullock Fund
14.04
Canada Gen.
10.04
13.00
13.15
Canadian Fund
10.45
12.07
Canadian Int. Gr.
11.50
12.00
Chemical Fund
13.01
13.00
Comwith Stock
16.42 2012
Dividend Shin.
3164 3.00
17.00
Faton & Stock..
14.12 14.30
Electric inv
7.7
8.46
Founders Mut. Fd.
12.86
13,90
Hams Fd. RC-T
1.01
0.40
Instit Found
13.12 12 20 12.32
1347
13.00
13.09
ZIDI 23.81
Open interest: 023 contracts up 10. _* 'Ich stowed.
Sept. Oct.
10.21 17.63
14.A
13.03
Oet./Dec.
Contract No. 2 (domesita)
Jan./Mar.
201
20.03
J
Nov.
001b
Apri/June
22
Mat.
6.11b
July/Sept.
26 2012
May
0.1421
July
6.100
* General markets, elf. basis, portat Det.
2015 2391
Spot-Dusk. duty paid)
Bent.
PNG 26
0.01
Total Sales: 148 contracta,
29 - 2014
Nat Sec. BET Gr. Scudder B. & C Telev E. Fund Value Line Fund V. I. P. Wellington Fund
9.99
20.77
D.11
7.20
17.30 10.71
17.33
Open laturest: 1,092 contracte up 43.- UPI.
Total Sales: 85 contracts,
METALS
LONDON
Afternoon. Seriou
Closing prices, all in storting
per long toa:
231% 231
23% 20
Instit Growth
Instit income
Invent Tr. Boston Keystone Cut Keystone Canada | Mess lay. Tr.
Mow Growth)
251 25
10,39
Beinte crepe thin fept."
* sellors
thick Arpt, AMSTERDAM Closing prices all in guliders
per kilogram, cit. Aus buyers
No. 1 rubber
No. 3 rubber
No. 3 rubber
Ма. 1 стере
2.55 buyers 233 buyer'A
3.70 nain
FOREIGN EXCHANGE
NEW YORK Closing, rates: 23314 Comoda
England omcial
230-day Auritella New Zealand
LONDON
Japan to set up watch centres
The
Washington, Aug. 24. Commerce Department reported today that Japanese watch manufacturers wiit estabilsh a public relations centre in Thailand to conduct market research and supervisio facilities..
The Japaneau plan to establish similar centres in Hongkong.
-1/2 Manila and Bingapore to
crcase Japan's routheast
watch market. 2.7378
@54-2.am% 2007-2.68 10.00-10.1015
130,58-123.05
80.30-80.50
20.0036-29.00796
Japan watch sales in 1960 in that area totailed $10,000,000. UPI.
UNIT TRUSTS
First Itongkong Fund: $1.23
(RRBERME} (buyer) $1.81 (seller
Second Hongkong Fund: 24 cents (buyer} #1 (solier).
Oct: 14.33; Dec: 24.00; Mar: £5.29) MAY: 25.53: July: 25.80 Oct: 25.70 DRO: 15.70
Bayers Boilere
Tin
Mixed Conirsot
Spor
200
00011
-monti
907
Copper
Apal
22011⁄2
530
3-month
-UPI.
Land
**** 23214
Hpul
0416
2-imoni
00%
Zine
Spot
3-month
SUGAR
Chicago, Aug. 24. grain futures posted May: 2006; July: 20.36: Cet: 20.38: Oct: 24.80; Dee: 23.29: Mar: 15.00: small
losses
Dec: 20.13. the Chicago board of trade. Whent closed uft 3/4 to tip 178, corn up 1/8 to 3/8, oats un- changed to off rye off to waand drummed lard up 10 to 14, soybeans unchanged to uff
20 points. 406,000 bushels of red when!, Exporters and Tract bought West Germany took 2,000,000 bushels of grain sorghuins.
Wheat closing range: off to up 3⁄4 cent.
Most of the activity In the
centred the spot Navomber delivery, The domestly spot market unchanged ut 0.01 conte pound, the year's low, bat world raws were up 15 points to 2.70 centa a pound, fob.
Tradors understood some re- finer buying Interest WAS developing at the gulf, but, nó new businosa was actually re- ported.-UPL
NEW YORK Closing prices, si in cenis per ib: Contract No. 8 (world)
NYWORTHLES
2.0037 2.7047
2.243B 2,7910
19.347-19.30
11.1946-19T
UPI.
Closing mies: New York
Montreal
Amateriami
Copenhagen
Frankfurt
Limbon
Paris KIDokholm Vienna
13.0094-12.10
UPI
RUBBER
LONDON
Closing priced all in pence per ZH Jb.:
No. 1. spot 2051 23% Kurich
3,000
Mar.
May
July
Boy beans closing range: un- changed to off 1 1⁄2 cent--UPI.
Bapt
not.
2.00
Apo-(Wond Avorego)
Settlement house
In-
J
Ašta
3