THE CHINA MAIL WEDNESDAY, SEPTEMBER 6, 1961.
stocks HONGKONG London market Lancashire
New York New York decline
cotton market
closed
New York, Sept. 5.
Stocks cased and trading picked up in the final hours today as prospects dimmed for a peaceful settlement of the wage talks.
Ford, Chrysler and General Motors dipped around a point
each after GM turned down union proposal to submit their differences to final and binding arbitration. The move also had side effects on other segments of steels the market, especially when U.S. Steel and Jones angl Laughlin shed more than a point, Other blue chip features In- cluded American Telephone off Owens polat,
New York, Sopt. 5. Cotton futures today drifted indecisively over narrow límits in dull dealings. Closing prices ruled three lower to 10 points higher. The anurket opened off five to up 15
Orleans poils. New of four to up 10 points.
brokers house Commission were small buyers on balance
trade willloy
intercats were July. buyers of December to Now hedging suppiled most of Hinols up a point or so and interests Procter and Gamble ahead more the contracts. Spot continued to transfer short than two. hedus in October to December
points difference.
21
more
A than
Consolidated Edison Censolidated Paper
Commern Gar Continental Can Continental Öll of Dai.
Crople #t Crane Co.,
Crown Zagr Cuban Amer
Delaware & Hudson Co. Diamond Alkail Diamond Nat Diutera-Sosgrance
Douglas Aircra Dow Chemical
Dupont de Nemours
Eastern Al Line Eastman Kodak
Peso Natural Gas
Familly Finance Corp Ferro Corp.
Portland Gen. Elec. 45
Publicker Induririod
Hadi Corporation
reinf
Southern Pacifle Co.
Standard Of of Cal,
Standard Oil of NJ,
STOCK EXCHANGE
by
Our Own Correspondent
Business done on the Hong-
Block moraing mounted to appro-
$4,000,000.
Exchange this
Noon
quotations and the morning's
00332
100 or 350
1050
10 354
200 359 30345 180344 300 340
gains as gold
reserves
deplores continued.
improve UK textile
London, Sept. 5.
A wide range of stocks went into the plus column today when the news of Britain's much im- proved end of August gold and dollar re- serves produced a buying flurry.
Imperial!
Leuders the Chemical, British American Tobacco and Courtauld showed risea of around one shilling and Unilever jumped 2 shillings Woolworth ended 2 shillings higher at 63/94.
and Textilas
engineering stocks went higher but steel and i shipping shares were uncertain (Old) 1016 10.30 1000 10.00 and motors little changed,
3414 2716
Radio Corp. Prek.
Raytheon S
Republie Bisei
Heynolds Metal
4015000
Reynalds Tobacco
147
Royal Dutch
31
1616
shall dil Co.
Bears Roebuck & Co.
2012
kong
afeway lorus
5544
car
Saint feg. Paper
39
Schenley Jne.
201
ximately
Scoli Papér
119
Siegler Corp.
transactions;
Sinclair Oilf
741
Smith, Kilos & French
Shares Buyers Sellers
Rules
47
Socony Mobil Oil ......
BK Bank ..
340 $10
145 - 350
South' Puerto Rico Sugar
1050
Bouthern Co. Thel
301
Southern Natural Gas
100 ja 350
40552
b14
Southern Hatiway (Com.)
e
Sperry Rand
71
Standard Brands
421%
Standard Oil at ind.
3717
8415
Steep Rock
Lon. Neg..
20 21
Hiering Drug Co.
605
24
Stokely Van Comp
32.
H.K. & F.E. Inv.
104
Stones & Webster
621%
Ex. AU 22.10
200
1000 22.10
2015
Studebaker-Packard Corp.
549%
4534
Sunshine Mining
Wharf ....
350
Wheelock
Swift & Co,
Defence
stocks weakened in last minute trading
McDonnell
generally
Fire Tyre & Rubber First Nat. City Bunk
459
Texas Co.
102
5474
Gatineau Power
Ford Motor....
0315
10510 Textron Inc.
24
10%
21
Aircraft contract
Time Inc.
2000 19.70
13
Traders Fiance
2000 16.to
a big gain
404
Travelers Inc..
around five
3
Tri-Cont. Warrants
1386 1434
201
(New)
10.20
2016 3000 + 10.00
2015
Twentieth Century Fox
1000 101
Fum 3174
|
Galty I ....
Gen. Tyre & Rubber
Union Carbide
10
Union Oil of Cal.
Glidden Co
Union Pacific Railway
Gendrich ft. F. Co.
7315
United Atrerats
Goodyear Tyre
431
United Fruit
Taikon
China Prov.
6116
340
2424
Of a total 1,250 shares, were higher and 628 lower.
American Exchange wyns 1,240,000 shares.
Blonds volume $5,320,000,
417
Gruunan Aircraft
Great Northern Railway
United Gas Corp.
HK & 9.
Hotel
304
37xxd
U.S. Gypsum
Gult Ol!
JOY
U.S. Lin Co.
valume
Hammond Organ
U.S. Rubber
Hegion Newport Corp.
2014
US. Sinelting
Hiwon Walker
821
U.S. Steal
amounted to
Homestake Mining Co.
U.S. Steel 7 F.C. P.F.
3094
143
BK Land
Huszman Retria.
Werner Bros.
Idaho Power ...
Waukesha Motors
terial Of...
4516
$407.
Inland Steel Corp.
4512
interchemical Carp
42
4974
Inters Madilnes
1
inil Harvester,
ne.
4472
International Nickel
481
Ausericas Airlin
22
tin Corp
co.
421
25033
Speculative interests contina-although
IBM held
ed to and things moru Interest- was strong on a large ing in grabs and some of the award. other commodity markets.
Other traders awalted governinent's
RCTDUKKE
but Beckman lost
the and Zenith lost its early gain.
crop | Drug, shures were widely mixed estimate of the season, schedul- and fairly active.
over
ed for Friday. Some crop vx- Today's volume was 3,000,000 perts expected an improvement, shares.
balca the 13,910,000 estimated a month ago.
stock today The certißented
modest Increase, showed 1talling 80,131 bales plus 215 bales walking inspection and
nieronnaire (ust.-UPI,
i
World
rubber
market
Rex
New York, Sept. 5.
rubber futures today closed 10 to 35 points higher with sales of eight
contracts.
Standard rubber closed 20 to.
35 points higher with sales of live contracts,
Although dull, terminal prices strengthened In company with the higher foreign markets, but even at the advance the domes-
tic market was sil reported:
much below a parity with wurk murkels.
in the shipment market, in- netivity was the rule, generally too high to Interest heal buyers, Locally. spot No 1 Rss was quoted 30% cents and current month 20 cents a pound.
In London, the rubber market was slightly easier after steady.
No 1 Rss spot 244 257%.
In Amsterdam, rubber marktel
was steady today.-UPI.
Closing prices
Sc
Paper
ABRI Pwr. Alden Inc. Acy, Ahtoina Steel Cura
Allied
All Chalupeta
Ani. Brake
Am. Cable &
American Power
Amer. &
Am. GAI & Electrie
Am. Home Prix.
Am. Much. & Fary
American Metal
Am. Natural Cas
American Swelling
Am. Sugar Ref.
American Tal & Tel
American Tob. Ampex
Anaconda Copper Ammo Stor
Arbitur
Arkesta Cining
Olin
Atlas Cune
ESS
Bank of Montreal 11 Saver Tel. Cu.
Bell Telephone Beneficial Finance Bendix Avlatles Carp.
Benguel Conn Bethirhen Steel Roping Airpinne Borden (The Ca Burroughs Ad Machine finish Amer, Oil
Bk of Comın.
General Dynaules General Electric General Foods General Motors
Gen. Pub. WRLIE. Gon. Tel.
Bee.
pertal Tobacc
Ingersoll-R
Kaler 1stries
33
Luckhead Altcraft
20
Lone Star Cument Co
194
orillard
34
Lowenstein & Soru,
76
MeDoroll J. Roy
483
McDonnell Airerafi
9375 | Merch
014 | Mijinesota Mining
Thiokoi Chem,
Tide Water O
Westinghouse Air Brake
Westinghouse Electric
Western Union Tel. Co.
Weat Va. Pulp & Paper Winn-Dixie Biores
Woolworth (K. W.)
Zenith Radio
*
10.90
1900 i 2000 e 10,80
4000 ir 19.30
1900 10.50
1006. 10.30 3000 I 10.20
100 615
160 8113
100 301
15003814
1300 je 3819
300 4 31
011 21 2300 Z
.400 N 02 2000 031 110003
200 pr cali 200 62 3000 0134
360tr 01
210001
000 ir 12 400 C21
-UPI
HX Realty
(01).... HK Tran KMB
2 225
2.30 3000 et 2.20
2000 2.21
37%
*812
1500 70
The gilt-edged sector talled
to respond to the beiter gold
but some gures,
Issties Tenaged gains of £1/10th.
Real estate, banke und in- Aurance equities generally up, olis attracted Hillc moved attention but odded fractions.
Small-scale European selling failed to halt an improvement In coppers and gold mines firmed, ing were neglected,
Dollars stocks were becalmed after yesterday's Wall Street
holiday.
Teos were narrowly irregular and rubbers
featureless -
UPL
Closing prices
British Government Securities 215 Consolidated-€39.
3. Conversion-284-3/10. 3. Savings 1933/05-21/33. a Savings 1900/79, 75–1 17 10.
3. Savings 1983/73074
39%. War Loan-
Overseas Henda
8%, German (Dawes 15816. 5. Japanese, Assented-
Banks & Insurance Barclays Ord=-72% 3d.
d
Yaumati...
108 110
110
Chartered Bank-is Guardian Aurance, DƯ
Hongkong Bank-1612.
331;
200 108
24 1000
Lande! Trus~45
8,
Lloyds Bank~~la.
International Paper
In Tel & Tel
John-Manele Co.
Kan as C. Power & Light
Kennett Copper
Kundverly Clark
Liggett & Myers Tali. Cu.
Tulp
43. Luton Ind.pro
Lallow Cruceterina
Loves Incorp.
METAL MARKET
REVIEW
Landon, Sept. 5.
Capper values drifted lower
this morning in fairly ac tire dealings. In lator dealings a slightly firmer ca. Light ..
appearance was evident.
Th was easy this afternoon
with apot and three months at
£973 and £072 respectively. Turnover was 300 tons.
In New York, copper futures. 11 today closed
points higher with sales of 234
331% contracts.
Prices softened toward
2012 close after carller firmness, Telephone 74% coming in the wake of a price boost by domestic custom smelters of to % cent
17 pound, and a higher price on-
nounced by a lending Belgian producer.
134 National Lead....
ן ד
Electric
steady
Ex: Div..
335 35 4500
zing were
three to eight
the
10
Mision Development
2014
Mencanto Chretieni Co.
#ab 70
Montecatini
24
Montgomery Ward
4811
Motoruln Inc.
847
National Biscuit Co.
74%
ATEX
National Cash Reg. “A”
110%
National Dairy Prod.
Lead and
877% today.
4232
Notional Steel Corp.
ACER
New York Central,
51
Noranda Mines Ltd.
201
Norfolk & Western Ry,
101
North Auer, Aviation.............
British ColPrbia Pwr. Cao.
321
Northwest Airises (Com.)
28
Oklahoma Nat. Ga
3712
Cann, Erewerk Campbell Souo Co. Canadian Pacife R. Case 13. 1. Co.
at, Tractor
6479
On Mathleron ...
123
Oh Elevainen
Owen-line Glass
012
Oxford Paper Co.
50xd
Facile Gas & Elec.
32
Pan American Airways
VAR
Paramount Pictures
71
524
Parke Davis Co.
3492
714
Penny J. C. Co
48
Penn Salt Co.
41% Subsequent
softness
WGS
Philip Morris
(Rights) HK Gas...
18.80 19.10
100%
Pitney Bowes
Procter & Gamble Co.
100%
pointed up by news that Kenne- cott and the electrical
workers
Pittsburgh Plate Gloss
57
union were set to resume.-UPI,
Corn.
Celine Financial Corp Chane Mankat. Belk Chrysler Motors Cluett Peabody Cosa Chlo
Colgate-Palmolive to Colombian Carban Co. Commercial Credit Curning Glass Works
310
B34
34
10003424
(Qld)
301 30
1500 un 384
2000 30
300
1000
3000
1000 38
3814
33
151
10.50
Gilman
4.10
30
$00 sp Sta
2000 10.10
1500 + IP
300 60 38.00
500 @ 13.70
2500 66 18.70
3500 # 18.80 200 18.00 41, 10000 v4.10 2030 e 4.10
4000 B 4.00 2000 i 4.55 1000 4.18
Lombard Booking Ord-lig 71⁄2d. National & Gridleyn-32% (:k.
Aspur A-23-5/14. Bank of Canada-£377%-
oil
British Petroleum-45s 3d. Mexican Eagle Ord
Shell Transport Ord-1174 d.
toyal Dutch-£14-1/10. Ultramer Company--254 Yad.
Steeti Engineering Babcock & Wilcox Ord-20s 715d. Corvilles Ordelia Su. Dorman. Long-39% ud, Guel Kean Ord-s
31arland & Wolff Ord-15s. Stewarts & Lloyds Ord-41. Tube Investmerica=d3s.
United Slee24 8
Vickers
lad.
Electric
Assoc. Elec. Industries 38 Od. ARIOC. Television "A" Ord-308 3d. Beit Electronic Ind.-111 34.
Hrit. Ins. Callender Ord-18 Od.
Elec. & Mux. Industries-371
English Electric Ord-3lə 34.
General Elecicle C
Philips Lamp Work
Rediffusion Ord.--4p 19.
Industriais
刻
Assoc. Portland Cement--73x 100,
Boardman Marden Ord-4x 0,
Borax (Holding)-lús Ud.
Decca Records Ord-63.
d.
Dunlop Rubber Ord-20 duman (Holdings) Ord.-án Qu. International Computer-02 30. London Brick Ord-80s
Pirner & Newall Ord-03% 4151, Unilever Ord-i4 d. Wiggins Teope Ord-35 3d.
Chemicalc Imperial Chemical Ord-60s 1d. Monsanto Chemicals Ord-17% 4.
Cinemas & Televisio
Asoc. Brit. Pictures 3th, Bank Organisation Ord-247. Stoll Theatres-Os 432,
Paper Howater Paper Ord-834 Id. De La Itus Ord-62s ed. Sulcers Ord-4
Tubaeens British-Amer, Tob, Ord-006 Jl.
InLore
British Motor Ord-138 715d.
Iawker Siddeley Ord-3r 7150. Jaguar Cora Ord-100% TILI Huitr-Boyce Ord-46 410, Westland Alcora fl-10n.
Textiles
Bradford Dyers~10 41st, Calico Printera Ord-124 0. Coats (JP) Piton & Baldwin--858
140.
Courtaulds Ord-als 34. Fine Spinners Ord- flyd. Lancashire
Ord-35 7. Distillers Co. Ord.—3ds Mi. Guinness Arthur) Ord-52a Bd. Ind Coope Ort-13$ 4.
Stores Great Universal Ord-138 6. Great
Universal " Ord-47
201
3.
orks & SpencerOrd-20s
Tate & Lyle Dru-13 0. United Drapery Ord-475 14. Woolworth (FW. Ord.--53
Miscellaneous
104.
Bowmaker Oromia lid. -Canadian Paville Ord-144-13/10.
Cunard, Stemmisty Cre—is Forestal Lnnil & Fiber-1. Furners Why Ord-97 vi Hongkong Chin 110dson Bay
Rudo-China Det. Or-la. L Segurlies Ord-28 DJ. P. O. Scam Nav. Bet-37. Anglo American Corp. SA--12 Belt. South Africa Co.-3 94.
British In
|__Investment—z De Beers Del-1.15% 7150." Lendon Tin Carp-20xxv0. Mount -117. Petaling
hodesian Anglo-Amer.
ari-
Rhode: Jun Selection Trun-u
105.
hakuna Coras 3. Rio Tinto (Beurer-39% 4. Roun Antelope Copper-S1981. Union Corporation-192 su Welkom Gold Mining-13 dd. West Rank Investiment Trust-448 41525,
Western Holdings-117s Southern Malay
T-33.
„Kabber & Teas Anglo Indonesian Plant 34. Ceylon Tea Ord---Jüs 94. Imperial Teu Ord-16% 30, Kuala Lumpur-Kepang- 34. Lombak Rubber...ts JA,
www.neuter,
imports
London, Sept. 5. One of Lancashire's cotton unlon's the Operative Spinners Amalgamation,
has called continued Bri tish imports of cotton cloth and yarn "an un- Felieved threat to the tex- tile industry."
VASINTER
Et
otoruly report said the entry of such imports "is being without regard to its on home producers and the security of employment of Lunenshire operatives," and called for an "ordered Import policy,"
The Munchester Guardian texly said the union's General
James Secretary.
Whitworth, had stranged the bellef that with increased quotas for Commen- wealth Asian countries and no restrictions
from on imports other enuntries, except Japan and Communisi Chinn, total supplies will
home excred needs.
The newspaper Bald there was "every incentive" to coun- Arica whose Imports were un- restricted to ship as much cloth to Britain as they can before any limits are imposed under the GATT scheme decussed in Geneva, or any other scheme. Over the next few months there could be "a very heavy ac- cumulation of supplies whose dlsposal right create difficulties from which the market and tho industry would not recover for year or two," it said.—UPI.
French car exports drop
Paris, Sept. 5.
French car exports in July were notably smaller than
those of June, according to the published statistics of the Motor Car Indus- try Federation.
July
Exports of vehicles in fetalled 30,804 against 47,126 in June and 45,703 în July 1000.
Sales
countries to foreign accounted for 22,400 passenger cars and 1,895 commercial-and' industrial vehicles. This com- pared with 35,495 and 2,084 respectively in Jure and 32,438 and 3,214 in July 1900.
Exports to the franc zone Amounted to 5,350 passenger tors and 1,225 commercial U.S. Dollars: Maximum Sell-vehicles compared with 0,008
Agreed merchant
rates
ing. 17-15/32; Minimum Buy- and 1,039 unile respectively in
TT. 17-25/32 June Ing. 17-23/32
and 7,034 and 2,187 in O.D., 17% 30 days, 18 60 days. July last your. 18-3/32 00 days.
Swiss Francs: Maximum Sell- ing, 76-3/18.
French letalled 253,743
For the Arst seven months of 1961,
car units
exports against
Belgian Francs:
Selling, 800.
| 300 400 in the corresponding Maximum period a year ago.-China Mail
Special.
***
The Fastest JET in the Orient
JAL
THE JAL CONVAIR
88OM
JET COURIER
I
In September, the most exciting jet in the Orient, the new JAL Convais 800M, goes into service on the Southeast Aria routes of Japan Air Lines.
Theem are many new and exciting things about the JAL. Convair BƉOM. It'a fast: there's no faster jet in the Orient. it's silent; the cabin is whisper quiet. It's powerful: mighty jet engines smoothly thrust iz skywarda frum short nun. ways. It's comfortable: contour seats cradle you reading or relaxing. And it's beautiful: Interiors show the perfect visual taste and restraint of Japan. Convair 880M Jet Courfer service alerts in September with two flights a week between Hong Kong and Tokyo. Flying time is cut to 3 hrs., 40mins. Frons October, here's how often JAE, Convairs By throughout Southeast Aslat;
FROM
нана коно
MONG KONG
нома кома мона коло
VIA
NON-STOP РАНОКСИ
TAIPKI ANG DHAKA OKINAWA
TO
TOKED
BINGAPORE TOKYO
TOKYO
FLIGHTE PER WEEK
JAPAN AIR LINKS
JAPAN AIR LINES
TAKSHING HOUSE, SO DIE VOEUX NO C, TEL, 28942 (0 UNIK) "PENINSULA HOTKE,KOWLOON. TEL 60660,04095
Jardines
22.00
23 450
2315
150 23
600
Cement
Dalry
Waison Textile
Nanyang .. 11.30 11.50
A. Rubber.
23.80
100 19:231
500 23.40
230 231
20.20
Yesterday's Closing
COMMODITY PRICES
FOREIGN EXCHANCE
Local P. & P.
700 et 20.00 300 at 20.70 1000 94 20.00 550 2015
Closing rates: Carında
England official
20.00
20.00
130
Astrnila
Jan./Mar. Apr./Juna July/Bept.
2534-20
Genaral
markets,
ports: Hapl. Oct.
Tasi
203A-2822
251-2534 Estate crepe thin Sept. .... 29°
thick Sept. 2872
AMSTERDAM
Closing prices all in guilders per kilogram, c.l.f. Bept.:
07-1/32 No. 1 rubber
No. 2 rubber
NEW YORK
2x100
2.3005
No. 3 rubher
2.7040
1. crepu
2.0000
JAUTR
30-days
Bouth Africa
2.37 nom
2.35 tom
NEW ORLEANS
Closing prices all in cents per 16.:
Spot: 23: Ort: 31.07 July 2010;
Mar: 35.05; May: 20.28 July: Oct: 3325; Dec; 331,
LIVERPOOL
Closing prices all in penco per
lb.:
American Contract. Oct: 2425, Des: 24.70; Mar: 20.13; May: 25.03; July: 20.79; Oct: 25.00% 2.74 nom Dec: 15.5)
Mixed Contract
2.33 hom
SUGAR
UPL
Oct: 24.10: Dec: 20.10; Mar: 20.00: May: 5.93: July: 20.15: Oct 19,03; Deé: 20.90.
--UPI.
L.. Craw
(4)
Exchange rates
mdchat? gre
Business, was done La th local unluckl
market this morning at the callowing rates- U.S. dolar (per $1) gobies
5.003 Sterling netsë (për en Amiralish rutes Iper, è li Japanese yen (per 100). Cambodjaciel (por 190) French hew Trafic, (por 1) W Zadonesia 'rupiahs (per 100).. Breslin cruzeiro (per 1001 Argentine peso (pay 100)... Korean Jiwan (per 1,000).... Italian liņa (per 1,000) Chinese JMP (BOT 1)... TAWM Juch (per 10) Thai baist (per 100)
Burmese kyöt (per 10) ............... Pakiran rupee (per (0) Mono putage (per 15 Juras Norwegian krona (per 1001.. Philippine
Singapart (pwr 11 ..... Stritte (per 1) di Ewl trung ip If Newjerlands euliden iper 11.. West German B-Mark (per,i
Cuban powo (gue 2)
UNIT TRUSTS
Now Zentrad
Other unchanged.
LONDON
Closing rates:
New York
Montreg!
Azalardam
Brussels Copenhagen Frinkturi Titan
60-2.81
2901-2.86 19.15-19.£T
133.07-139.02
19.341-19.3436
KUBBER
11.221-11 221 15:
00.20-0024
Oslo
20.0134-20.02
NEW YORK
Cluslug prices, all in cents per
Contract No. 8 (world)
METALS
13.24-12.2
Oct
2.70
NEW YORKC
33.15
Stockholm Milan Zarie
14.00-$4.80%
Mar.
1743-174314
May July
Vienin
12.47-72.50
-Sal
Closing prices ail in cents per 16.:
-UFI
epot-World Average), 2.
Lead
Sept. Out.
· 10.10
12.23
Total Bales: o contractu Open interest: 65a contracta.
•Cóniṛaç) No. 7 (domestĵo)
Zine Sept.
Oct.
Copper Bept.
Eepl.
6.60
MOV,
0.20
0.12
Jan
0.20
Mar
July
€.26
May
6.20
Bulv
888SE
Bapt.
Rubbor futures closing prices, ail in cents per lb.:
Hex, Biandard
Total Balea: 202" contracta Open interest: 2.110 contræet,
UBS
LONDON
Sent.
Closing prices, alk in sterling
20.10
per long lon:
Addo
Ruyers Kellerm
Mar.
May
www.k
Jaly
20.70
COTTON
Tin
Apot
-monik
J
Kept.
Copper
LONDON Closing prices all in pence per 1b.j
Sput
༠༡༥༡༦
month
231
- NEW YORK Closing prices all in cents pur
Lerd
Spot
44
-month
05
BeGlementTM
1b.:
Про
Nov.
NEW YORK
Firat Hongkong Mandi $1.19 But mi
(buyer) Mat (qr2%
Becond Hongkong rundį.
qghts (buyer) » 92° wen!@"("dlier):