A
THE CHINA MAIL,
THURSDAY, SEPTEMBER 14, 1961.
New York stocks show
New York, Sept. 13.
The stock market moved slightly higher in
moderately active trading today.
slight gains
The market was a little higher at the start, went substantially ahead in the first hour, but profit-taking following yesterday's brisk Ada Company rally erased most of the gains by the close.
New York
cotton market
re-
New York, Sept. 13. Cotton Futures today opened
and slightly lower mained on the defensive for the rest of the ses sion, closing oround the day's lowest levels in an extremely quiet market.
Finai pries ruled off I rine poluts, The market opened GIT twu In 10 points. New Orleans closed up live to off six peting.
With effort of hurrkane Cavin friders Appareilty decanted, Joker pinwhere runtives.
for new in-
Most gains ranged from a few cents to around ude dobar u share, and there were nearly as many listys in the same range,
Standard and Pour's 500 slock index rose modest five cents to $08.01.
putting
Ariners Steel
Armutar & Company Associated Dry Goods Aliantic Relining
ilaldwin Limp Tamiln
Bendix Corp. Bellichem Steri Poeng Alplane Tordell Bo Burg Warner Burroughs Corp
Came, J. 3.
Pacle Railway
2 only 45 C'ynasin, Co.
conte before its historic high setelui Corp An
est Wednesday.
or 1.279 Issues traded, 512 advanced. 500 declined und 258 closed unchanged. There were 42 new highs for the yene and
15 now lowe,
cals
Electronics
Lerio Corp ... Crater Corp Cities Bervice Coeu Cola Comp Colgate Palmolive Commonwealth Edtsen Consolidatied firm Continental Oil Corn Products Co. Crane Company
| Grown Zellerbach
Curtis Wright.... Distill Corp-Seagrams
Langīna Aircraft Dow Chemient
Dupont de Nemours
Fashnan Kodak
Food Machinery & Chem
The electrantes held gals to the end, along with some of the irlines and drugs. rubbers. Non-ferrous metals and chemi-Faster Air Lines
were lower and her major groups were mixed.
Itu Associated Press (10 sturk average ended unchanged B1 255.80.
Volume
TERE!
13 3,110,000 Iron 2,350,000 shares shners
rated Tuesday,
The Dow Jones 30 Industrials moved against the trend, falling
at minor 41 at 722.20.
WuB
Street analy»ta
the continuing
wald
labour rite
a giant General Motors and the tense International -
Ford Motor Ch.
GetRestric
General
General Mills
General Motors
General Telephone Georgia Pacific Corp Getty Oi
Glitete
Goodrich, 3, 2. ce
Tyre & Rubi.
GOVUZER & Co
Gult of
Ingersoll Rund
Jail Hüsiness Machi
Int Harvester
2011
In l
Ini Tel & Tel
Jones & Laughlin
caution to the 1 Caiser Alumium
tion brought beate
Must of the activity while was represented in spot- bonise transferring
short I
- Detizer to December 51 a dif- ference of artin 53 points. Other spot interests were small mitright" sellers of May.
estimate
August.
was
1+
£1
bles
un
market.
Kennecolt Copper Tabby Owens Ford
Lockheed Alre Lane Stor Coiment Lorillard, P. Ca Marián (to..
Studebaker-Packard again ledett Myers the volume Bat, off at 11%
101.600
shares. General Dynummies was second, up 1 lo 30 a 44,900 shares, Ford Motor was third, off at 983 on 38,400 shares.
Pose
Merck & Company
Metro Gohlwyn Mayer Minneapolis Honeywell Minnesota Mining & Mig Monsanto Chemical Montgomery Ward..... [Moore MeCommack Lines
Motorola Inc.
National Docuit...
Northwest Airlines
A continued firm tone in the hud effect in spot murkyt
market sentime bu! Fel
Chrysler was fourth, up to smaller sack, apparently
follower hy General consumption for Motors, up in 479.
I'll
24 ariat Wall Material Cash Register Consumption of all motion in Street rummun, of a tie-up with | National Dairy Prod the United States last month Pard. After the market clored, National Duties
National GY placed 1 80,000
Fard confirmed it plans to pur-National Leid against 684,000 bales in the chaso Phileo assets through a New York Central same period last year, arvording exchange of“ Nturk, to the New York Cotton Ex- change Service Hurzu. The daily rate of us just month was ger
at 33.066 hales against 34,200 bales a year previous,
Haw cotton exports fur the through September 9 futalled 449,520 bales against 154,818 bales in the same period last season, the exchange abo reparted.-UPI.
3244
UNIT TRUSTS
American Borne Products was
a wide gainer, up 10% to 2512. ts when-issurd stock, resulting from a stock split, was up 4
10 384.
Other gai
included General Electric 12. Goodrich and Schering 2.—AP.
Closing prices
Allied Chemical Corp.
Allis Chalmers
Aluminium d
Aluminium Company Anurada. Petrolma American Airlines Amerkah (20
$01
2014
his
Olin Mathies Chem
Pace Gas & Flee
Pan Am World Airways Pennsyvani Pasemount Thetores
Pepal Cola
her, Churies The Dodge
Pure On
Petrol
Quaker Cale Radio Corporation
Raythern Company
Republic Steel
Reynolds Metals
3416 | Sperry Bald 131
Barkland Branda
Standard Oli California
201
HONGKONG London market Big U.S. loan
STOCK
EXCHANGE
by
Our Own Correspondent
Business done on the Heng- kong Stock Exchange this mura- in amounted to approximately $1,300,000, Noch quotations and the morning's transactions:
Bhcres Buyers Beliers
Allied Inv
H.K. F.E.
tuyest.
What? Co..
4714
2
Standard On india
6!
Standard Oll New Jeracy
Standard Oil Ohio
5412
067
Sterling Dr
Studebaker Packani
Texaco Inc
531.
ひつろり
Thompson - Ramo W
40%
Tidewater On
201
29
Twent Century Fox
2434
Tram World Alriknes
Union Carbide
2611
Unter Of Colifornia
531 K Bark
304
245366
Union Pacific
Lon,
Beg
200
する
52%
22.30
300
47%
Wheelock
(Okl
1120 11.30
400 11
1000 11.40
3+3
12000 op 11.30
0712
Pictures
3000 11.30
2314
BOL
Western Union Tef
10
Weslinghause Metric
(New).. IIK Dock
1000 11
1.10 112
500 4 11.10
1300 112
43
Yale & Towne ...
200 112
304%
Youngstown Sheel & T
400 e 113
200
12
Zed:th Rediu
100433
103
2294
· Market Tone
Total Stack Sales
Higher 3,310,000 AP
Taikoo Dock 032% 00 C. Provident
400 00
2016
200
30
250 50
HK Hotel..
600
HK Land
#5 03
United Aircraft Corp
United Air Lånen
fried Fruit
10:15 20dustries
S. Lines
U.S. Rubber
U.S. Smelt & Helin
U.S. Steel................. Warner Bros
$14
World
rubber
market
New York, Sept. 13. Rex rubber futuros
today closed 30 to 50 points lawer with sales of 20 con- trocts.
Standard contrnet closed 20 in 35 points lower with sales of six 24 controls.
47
10%
100
17
404
403%
87
18
20
S
HK Realty
1K Tran
XD
Youmati
Ch. Light
2.30 2.375
1000 / 054 000 u 05 20032.35
tv 7.325 1000 14 2.35
200 3915
20
OH - 25
114
300
12
500 114
36% 30*%
100030
UK er
371
1K Tele (010)
415 413%
Ata
16.00
17
200 de 4155 5004192 250 4115 1240 24 10.50 148 2000 125 18.00
223 a 10.90 62 2830
203 17
declines after
early gains
London, Sept. 13.
A burst of early cheap buying added pennies to industrial stocks but the movement lacked follow-through and the leaders drifted afresh to close lower on the day.
Trading rtayed thalm and, while selected engineering equities and steel stocks pushed ahend, most other groups turned dull, including stores and elec- tricals.
British Motor Corporation new low for went to another the year at 13/34. Dunlop lost
with а fraction
Imperial Courtauld, Chemical,
Rolls Royce and Lancashire Cotton. Oils ended a shade higher.
Covernment bonds tacked support and lost small fractions, War Loan 34 per cent losing
to 1/181A
£53. Gronks and some Japanese improved in the foreign fonds sector.
South African influences push- ed gold mining stocks higher but the counters Bow little actio! business here. Disturbancey in Katanga pushed coppers lower
met but ins
demand and 2/0. jumped ahead up to twe
Doom Dooma stood out in teas on a new bid move and vaulted shillings to 49 shik lings. Rubbers were neglected.- UPI.
Closing prices
British Government Securities Consolidated-4381⁄2. Conversion-£61-15/18, 3% Savings 1055/80 08-11/10.
1060/70-£7346.
300 or 17
ITK GA
20 30 20 40
ZUG 20.40
300 2015
25
200 m 20.30
215
Gllinst
4:30 4.370
300 4000
3
:000 4.33 1000 133
the
Jordings
23.10 21.00
600
2000 68 4.33
500 21.70 350 + 23.00 23,90
Liquidation by commission Ani dealer hedging weighed an prires, with pressure reportedly influnced by the lower London-Singapore ibles and the discouragingly slow consumer demand locally, with some unconfirmed reports suggesting sales by erdur-hun- gry dealery of spot rubber at below a replacement basis in the Far East.
300 21.00
24
4.60 3000 5.53 11.80 1000 ( 19
100
2150 9 23.90
1000 23.30
G.T. Cement Dairy Farm
Co
336
30038
1000 of 2014
sincere XD
Textile
Nanyang
8.10 653 1145
A. Rubber
5.80
R. Trust
4.30
256 64 8.70
355 1.70
Indo-
Loend
09
100 29.80
34%
at 21
ang
cents a pound, eest and freight,
30
6212
Brukers
sak light shipment
1 offerings Included somu
nesian at bark erepe
5 locally. spot No. 1 Rss was
quoted 30% cils
and current
451 month 30 cents a pound, both
14032 uominal.
In London, the rubber
품
P. & P., 9.07 29.80
1. Craw.
.
30%
Rtf DC.
Asia Nav.. 1.773
Reynolds Tonera
24
Tayal Dutch Petral
303
75%
Stegis Paper
Car-
2112
Sears Roebuck
45
ket was duli
First Hongkong Fund;
51.14 American (yinamid
Shell Transport
1521
ni
25 9/10,
with spot quoted No.
1 Kss 2014.
Ch. Emporium
American Motors
Slackir On
3,ཎྛཱ}
Amerir Salt & Refin
Socony Mlobit Dil
4231
Antureiran Sugar
South Am Gold & Plat
9
Anurries THA TA Amertean
In
110
South California Edin
7744
ero
95%
southem Company
market way
UPL
(buyer) $1.22 (seller).
Seeund Hongkong Fund: cents (tiyer) 35 rents (seller).
Neocide
Neocid Fly Blotter
EFFECTIVE
for 3 weeks' duration
ECONOMICAL
CLEAN
ODOURLESS
ODTAINABLE AT
ALL LEADING DRUG STORES
& CENERAL STONES
25%
Amsterdam, the rubber
very dull today,----
Commonwealth
leaders voice
concern
Accra, Sept. 13.
Commonwealth
financo
feaders, led by Ceylon, voiced unanimous
corn
con-
today at Britain's negotiations for entry into the six-nation Com- man Market, informed sources said.
In a closed door session, de- legales to the Commonwealth Economic Consultative Council quentioned Britain's assurances the would proleci Common- wealth intervals In Common Market talks next week in Paris, the sources said.
also
The Finance Ministers were reported to have express- ed doubts about British claims of advantages she would enjoy as a Common Market member,
Mr Felix Dias Bandaranaike, Ceylon's Finance Minister, saki Britain's possible entry would involve serious political Implica tions that would weaken her ties with Commonwealth 11071-UP).
AMERICAN STOCKS & COMMUDITIES
WHEN
na-
Macau Elec.
Int'l inv.. HK Mine City Hotels Humphreys Kelantan Rape
Cold. Maca.
[Ord.)
20
500 M 20.10
#300 0 30
1000 33
100 30%
500 to 30 $100 or 1ặc. 1300 The. 1344 c.
Bc. 7170 << 1.85 2000 G# 1,825 120001 835 113 11
14.30 1000 60 14.20 13.00
Bc. 10.
3014
20
2.30
45 40
60
Chicago
grain market
Chicago, Sopt. 13. Corn futures closed firms, but late profit-taking erased a general advance in other grains today on the Chicago Board of Trade.
September
Aoybeans paced the market through most of the day. Active demand came on fears that heavy rain In the midwest would delay harvesting the now crop. Deterred months were also la early de- mand.
Large export sales supported wheat in the face of active commnission selling. Liberal offers of December were made at $2.06. Italy reportedly bought nearly 6 million bushels of hard wheat and turkey 2,140,000 bushels of reti.
Wheat closing range: off to 1⁄4 ceni.
closing range: up 4 to u cent.-UPI.
Soy beans
Exchange rates
3 185/70-079
31974, War Loan-485
Overners Bonds
5, German (Dawest-2. 5. Japanese, Assorted-£140. flanks & insurance
anrelays Ord-12s.
3d.
Charlared Earsk--83 Guardian Assurance-Dia da. Hongkang Bank-£ 17. Landel Trusted By, Lloyds Bank-led. Lombard Banking Orde 3d. National & Grindleys-33. Prudential Aastır. "A"--£23-3/10. Royal Bank of Canado£275. Royal Insurance Ord.-131 3d.
British Petroleum-458. Burmah Oil-Ks. Shell Transport Ord-13 . Royal Dutch-C11-3/16. Ultramar Conany-28 71.
Btrets Engineering Babcock & Wilcox Ord-256 vd. Colvilles Ord-53 744.
Dorman, Long
Guest. Ke
OR
Harland & Wolf! Ort-17a vel,
Stewartz & Lloyds Ord42 5. Summers & Sons Ord-49 1750. Tube Investrenta-ala 0. United Steel-42% 8d. Vickers
21 d. Electric Industries-17 30.
Motors
Briti Moter Ond13 34. Hawker Birley Ord-30s. Jaguar Cars Ord101 48. Hois-Race Ord-1. Westland Aircrafi-18s 1150.
Textiles Bradford Dyer-101. Color Printered Ord-13 1195, Coal (JP) Paton & Baldwins -43%
Courtaulds Ord Fine Bainners Ord-2 Loncagle Cotton Ord-32 1
d
krowertes
Distillers Co. Ord-30 425, Guess (Arthur) On-831, Ind Conpe Ord-By 14,
Glorea
Great Universal Ord---SAN. Great Universal "A" Ord-43 Pd. Huure of Fraser Ort-ils 30. Lyon (3)A" Ord-671 73d. MATKA & Spencer "A" Ord-100
Tate & Lyle Ord-475 10154. United Drapery Ord--408. Wolworth (F. W. Ord.-18.
Marella neaus Bowmaker Ord158 1. Brit, Commonweal Biji. Ord-30s 734.
Canndina Pecific Ord--449. City of London Real Prop-12x 141. Cunard Steamship Ord-1
Forasint Lane & Taber-121 450. Furness Withy Ord-309 1444. Hongkong China Gas-234.
Hudson Bay Co.-£1-7/18. Indo-China Det. Ord-20s Dd. Land Securities Ord-35 45.
.. Steam Nav. Def.27 3d. Mines Anglo American Corp. BA-1208 30 Brit. South Africa Co. -30 3. Brilisi Tin Investment-10:41. Comolktaled Zine Ord--Bix, De Beers Del-11
London Tin Corp-19s 3. Mousi Isamber skh.
Petaling Tin-109 30.
Rand Selection=-37% (0. Rhodesian Anglo-Amer. Ord--53». Rhodesian Selection Truman 9. Rokena Curp-435.
Rio Tinto Learer)-34. Roan Antelope Copper-8% 11%d. Union Corporation-19 Tad. Welkom Gold Mining-129 W. West Rand Investment Trust-43- Id.
Western Holding-120s 104. Winkelhaak Göld Minesmiðs 790. Southern Malayan Tin-34%.
Rubber & Texa
Anglo indonraları Plant-49 KI. Ceylon Tea Ord—19s Bd. Imperial Tea Ord-154 Bd. Kuala Lumpur-Kepong-35 *). Lambak Rubber-475 .
Reuter.
for Australian
company
New York, Sept. 13. A Philadelphia bank today granted "precedent making" U.S.$1 million loan to a private Austra lion company.
The credit extended by tho Provident Tradesmen's Bank
and Trust Company to the International Leading Corpora-
tion, Ltd., of Sydney and Mel- bourne was announced here as the first of its kind in Aus- trakan-American Anancial his-
tory.
Australian trace commis- sioner in the U.S. Mr Henry C. the att- made Menzies, whe nouncement, said the loan was
"a new approach to the supply of capital for Australian deve- topment."
Booming economy
Mr William P. Curey of Carey International,
which acted as the U.S. agent for the Australlan company, said the loan will "precedent making open the door for. Additional supply of U.S. capital to Aus- tralia,"
He
that "untold predicted million of dollars" will be in- vested in the bogimlag Austra- lian economy.
Mr Erwin Weber, Vice Preri- dent in charge of the lending bank's foreign department, said the loan is a signideant begin- ning of what we hope will be
continuing relationship."— UPI.
Cotton workers claim rejected
Manchester, Sept. 13. Cotton mill owners yesterday rejected a 10 per cent wage increase claim for 178,000 worker of tho industry.
In turning down the union demand, the employers said they over were gravely concerned the
In deterioration trading conditions and shorten-
recent
Continuing rise in U.S.ing order books which have
economy predicted
New York, Sept. 13.
Ashoe. Feletion - 3. A continuing upturn in the
Brit, Electronic Ind-10s 10$. Brit. Ins. Callender Ord--65% $4, Elec. & Mus. Callender Ord- Del.
Elec, & Mus, Industries-35 ná. English Electric Grd-20s 90. General Electric Ord-2TIK Philips Lamp
Rediffusion A Works-D-15/10,
Industrials
nia.
Assoc. Portland Cement-73 $150. Boardman Marden Org-4# #d. Borax folding)-10% Tiad. Decca Records draw
Dunlop Rubber
Finans Ort- u.
14.
Gilman (Holdings) Ordd 45. Insertational Computers-034 64. London Brick Ord-~ d. Turner & Newall Ordes 47jel, Unilever Drd-1424. Wigglow Tenpe Örd—54s 5.
Chemicals
Boots Pure Drug Ord-20# 7120. Imperial Chemical Ord-86 14.
Cinemas & Television Asoc. Brut. Pictures-438 41ad. Tank Organization Dr. Stull Theatren-Da (1,
Paper Downter Paper Ord-404 CA, De La Rue Ord-6 3d. Sploers Ord-423 30.
Tobacces British Amer. Tob, Orű-B4# 94. Carreras "D" Ord-4s 1011d. Gallalter Ord--400 Bel. Imperial Tobacco Ord--Gas 12.
Yesterday's Closing
U.S. economy through out 1962
been accentuated by the grow- ing volume of low-cant imports.
Living costs
The employers olio contend that the workers have received bigger pay increases in the past was predicted thun the rise in the cost of e- here yesterday by John D.. ng has justified.
The union is basing its claim Wilson, vice-president in charge of economic re- on the rise in the cost of liv- search for the Chase ing, the profits of the Industry,. Manhattan Bank.
the relation of cotton workers' earnings to those in compelllive trade and the need to attract more recruits for the industry.
sre to meet
Union officials
next move.-UPI.
The gross natical product, now running at an annual rate of about $525,000 million to $530,000 million may well op- later this week to decide their proach the $565,000-$570,000 million level by mid-1962, bar- ring any oriüs deterioration in | the dutinational situation, Mr Wilson told same 180 marketing | Executives from 24 electric and gas utilitics throughout the U.S.
*Increased U.S. Gov?nment expenditures will be a major
Agreed merchant rates
| factor inducing the considerable, Canadian $ Muximum Selling: expansion of our economy over 16; Minimum Buying 18 T.T}; the near turn," the New York | 18-5/10 D.D. banker sald—Chinu Mall Spi- West German Deutschemarks clal.
Maximum Selling (0-11/10,
COMMODITY PRICES
FOREIGN. EXCHANGE
NEW YORK Closing rates:
Curada Holland
Sweden
BINGAPORE
1
Closing prices all in Strails
cents
purts:
No. 1
Hept
per lb. 1.0.1.
Oct.
No. 7 Sept
2
No. 3 Sept.
No. 4 Sept.
Closing prices
LIVERPOOL
Closing prices al in
Malayon per ib.:
B0%-001% Ba16-27 B4-80$
70%-4011
pence
LONDON
all lo
PT-1/31
.1935
per ik?
No, 1 xpct
2014-25%
Betilement house term:
Skept. del.
2443-2524
2015-83
294.-25
Apr/June
Sept.
OM.
FALate crepe
thin Oct.
Wilck Oct.
285-28112
Oct.Der, 225 12/16-2.36 15/16 | Jan/Mar. 10.1033-10.101
LONDON Closing rates: New York
Amulerdam Arussel C'opereren Frankfurt Llation
Stockholm Milen Vienne Zurich
Business
was done in the tocat unoffici *xchange market 15 morning at the following rates US dollar (per $1) ............ Sterling notes (per £1).... Australian nuten (per Rly.. Japanrın yen (per 100) ..... 1.49 French new frane (per 1).. Indonesia ruptcḥ (per 100) .. Frakan Brussels (per 100).
Parla
16.07 17.57
1.12
7.70
1,00
Argentine pero, (per 100)
A.25
Korean hwan (për 1,000ý .......
Balian Jrs (per 1,000)
1,000
Chilure Ju (por 1)
031
Talwan yuan (per foi
1,30
That balių (per 100)
21,00
firma kyai (per 101
8.10
Pakistan rupes (per 10).....
Macau Pataca (per 1)
*KOLE DISTAINYJD;
UNIVERSAL PHARMACEUTICAL LABORATORIES, LID,
80s, 22123
WHEN HUY
TECHNICAL
ANALYSIS
On Stock Trends
Research Dept. PERENNIAL TRADING CORP. $18-818 Edinburgh House
Norwegian krone fuer 100 Philippines peso (per 11 .... Bingapore straitę (per swim trano tom 13 ore Netherlinan gunnar (at 'ij Weet Grryman 13-Mark (per 3) Cuban peso (park) an
1.44
Nov.
1.80
Jos.
MEM
1,54 May
Dept.
1.41 July
0.00
150.931-130 šių
19.2014 19.201
11224-IT34
39.0912-25.0911 13.8296-13.8254
General markein, c.lf. busta, porta:
AMSTERDAM
American Contract
pence
O: 24.30: Der: 24.00; Mar: 2525; May; 23.03; July: 26.50; Oct; 25.70; Dec 25.70.
Mixed Contract
Qel: 21.30; Dec; 24.15; Mar: 23.58; May; 25.35; July: 2030; Oct; 20.15; Dec: 20.10-UTL
METALS
Closing prices all in guilders Lead, por klingram, c.l.f. Sept.:
17.84-7#.67
No.
rubber
No. rubber
No. rubber
RUBBER
No. 1 crepe
NEW YORK
Rubber futures efosing prices,
all in cents per lb,
FLAK
Stangira
$1.30
29.60
29.10
19.00
2009
NEW YORK
251-2514
ゴム
Closing prices all in cents per
1b:
Sept.
10.10
10.10
$20 buyer
Late,
1.31 buyers
Hopt.
16.03
daa buyers
-UPI.
2.01 buyers Copper
Okt.
11.00
Bett.
31.17
LONDON
COTTON
NEW YORK
Closing prices all in conte Der 1b.:
Lipote $8.38 pom; Oct: 3149; Per: 2017? "Akz:"16.05.
Closing prices, all in sterling per long ton.
Tin spot
-möglis
Copper #pos Lead Apat
Smith
-unila
Zine Spot
-month
Buyers After
ខ្លួនទីដីវិន
F
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