COMPETITION FROM
THE CHINA MAIL, TUESDAY, SEPTEMBER 19, 1961.
FROM Dag's death touches off
HK HURTS MALAYA New
from
Gregory Wong
Kuala Lumpur, Sept. 18. The flood of law-priced batteries on the Malayan market from overseas countries, Including Hongkong and Japan, has hurt Malaya's three young battery factories, all of which operate under pioneer industry status tax free operation for a maximum of five years.
The three factories are now making representations to the Ministry of Commerce and In- dustry to oruleet the local in- dustries by increasing the duty on importeil batteries and the waiving of duty on important raw materials used ic the manufacture of batteries.
Crnisgy
The
Batteries (Malyn) Ltd. have said that if something
th was not done, Inglory's production level ny
be affected.
Mr A. V. Maxwell, chain of the board of directors, said that while the labour force em- ployed by The inctory Wik
steadily growing, "It is never- theless short of our expecta- tions, due mainly to competition | funt imported hatteries."
York decline HONGKONG
New York, Sept. 18.
Stocks declined and mostly suffered losses in heavy trading to-
day.
Apparently, the decline was touched off by the death of Mr Dag Ham- marskjold and subsequently aggravated when the market slipped below an important downward resistance level in the Dow-Jones Industrial Average.
that
The inay
Only ear industry stocks re-i teries and sald. the factory's stated the downturn among the sales had dropped so tow that major ups, reflectlag ex-
pretations
General it was producing only a quarter Motors strike
be settled of its capucity of 50,000 bat- teries a month. Fifty workers before the week is out. hot to be laid off and others were put on short time.
UNIT TRUSTS
Declines in steels were rein- forced by the failure of produc- Bon to rice us expected! Inst metuls wick and the drop la was accelerated by reports that demand is slipping in the face
Utic of strike settlements in $1.33 and Chile.
Firat Honghong Fund: (buyer) $1.21 (soller).
Second Hongkong cents thyer) 94 cents (seller). Fund: 88
Agreed merchant
rates
ta July. the Malayan Bat- teries Limited spoke of "deli- ! West German Deutschemarks berate damping" of radio bat- Maximum Selling 68-11/16.
the bluc chips, Among Can, American Telephone, American Dil
Alcon,
Anncunde,
Poni, Procler and Gamble and United Aircraft were
Dow-Jones Closing Stock, Getty Ou Averages:
Glidden. Ca.
30 industrials, 711.24 of 5,04. Goodrich D. Fa Cu.
Doodyear Tyre 20 ratis, 142.50 ott 1.39.
13 Utes, 121.05 of 0.15, US stocks, 237.80 of 1,43.
Closing prices
AbRibu Pwr. & Poper Algoma Steel Curja. Afted Chemicals Allied Mills Inc.
Alls Chahuers- Am. Broke Shoe
American Tel & To Ford was up nearly two American Tob
Ainpex the car group after showing 11
Copper Aw.conda mised trend. Studebaker moved Amico Steel ahead a fraction on heavy trad-Armour Ing.
Asbestos Corp Balwin-Lam-tain Baltimore & Ohi Bank of Montreal
403
Gramen Aircraft
Idaho Puwer Limperial
Serisi Tobacco
44% Ingersoll-Rand
STOCK EXCHANGE
by
Our Own Correspondent
London stock
market's
tone improves
London, Sept. 18. Increased investment interest cheered the stock market today but dealers said it was more a case of Improved tone than bigger business.
Businces done on the Hong- Japanese and Greek bonds cong Stock Exchange this were din in the foreign sector, moming amounted to appro-alt-edged
stayed quiet but Noon hin, 44ximately $1,420,000.
quotations and the morning's Transactions:
Tins lust
and arm start closed mixed, gökła were ir- Khatre
regular but coppers moved upwards,
**
da'd
NO M 348 202
252 HU 352 11.30 1000 330
100012.10
4000 11.10
2000 11.20
13%
4314
72
451
Great Northern Railway
Ouit Oil
Hummond Organ
$11.
tlemestake Mining Cu
Helen Newport Corp.
2012
Buyers Sellera ELIO
40
Hefei,
DOT
K Bank .. 340 344
3040
1024
15
0214
21 Ininud Steel Co.
41
Allies! ity. 11. FE.
#
401%
talerchemical Corp.
301%
Iny.
V
Am. Mach. & r'dry.
Am. Cable & Radio Cost, American Cyanamta Cu. Amer. & Foren. Pawer Am. Gas Floofric Au Home Prod
119% Int Business Machines
547
415%
Int Harvester
3211
.K. & F..
Inv. (R)
International
International foper
341
Wharf
200
In Tel Te!
44% Wheelock ..
11.
41
Rather Industries
101
American Metal
2
Kanan C. Tower & Ligh
7A
down
Am. Natural Gas
703%
Kennoze Copper
8311
large fractions to over a point.
Am. Sugar Ref.
American Smelting
Kimberly Clock
32
Liggett & Myers Tob. Co.
Wheelock
[Nyi
10.70 11.30 1240 11
1107
Ly Tulip ...............
43%
in
94
Lockheed Aircraft
493%
HK Duck
1D9 416 400
110
101
Lowa Incorp.
3411
200
111
Lone Star Cement Co.
195%
550 119
7214 Lorillard P
Talkoo Dock
00005
46%
Lowcartely & Sons.
1434
McDermoti J. Kay
12
Provident
30
+
1644
McDonnell Atrerafi
364
NK Hotel..
30
637%
HK Land
63ab Clay
Monato Chemical Co.
Bank of Nova Scoila
THA
Monteential
329%
Ex. Div...
184 60035)
Beer Life Sayers
70
Montgomery Ward
ik Realty
Bell Telephone
25%
Moterida, Jur.
7016
Ex. Div.
2.29
Beneficial Finance
061.
Natia Reuit Co.
7712
HK Tran
21, 30000 3.225
2014
Bendix Aviation Corp.
634
National Casit Beg. "A"
11002
K. M. Bu
Benguet Cons
National Dairy Prod.
71 72 100 22
£70
thlehem Steel
41%
National Lend
Boeing Airplane
Borden The Co.
National Steel Corp.
902!
Yaumati
108
New York Central
10
Ch. Light
322
342 35
Titrousha Add Machine
30+
Norando Mines Ltd.
ยา
15458344
126 2
British Amer. 01
31
Norfolk & Western Rty.
1017
100 or 34
Brilia Columbia {>wr.
North Amer. Avlation
$4
Campbell Soup Co.
Cana. Uk of Comm.
Northwest Airllars (Com. ||
2014
E
Oklahoma Nat. Gar
HK Elve.
Ex. Div.
3822
34
Canadian Pacific R.
Olin Mathies
Cal. Tractor
371
Celanese Camp C. 1.
026 05a
67%
2017
Parke Days Co.
vi
Penny J. E. Co.
Co.
464
Penn, Sait. Co.
6215
Philip Morris
Piney Flowe
1512
77
10
ちろちら
3515
10th
Radio Cap. Pref.
11.10
Flytvenn
5.70
1024
Republic Steel
01%
City Hotel
23 3745
671
Reynolia Tobacco
423 |
Bank of Canada al Duleh
70%
Locni
30%
P&P
20.80 29.30
400 20
समस
Salewny Storei“
Lone, Craw
6300 39
001
2239%
IC
3739 le
20.
500 m 58
25
23 35
14 34.43
45
43
Ferro Corp. ......
Firstone Tyre & Rubber
47
Southam Natural Gas
General Dyntenics
20
Southern Pacific Co.
10.00
Genernt Electric
742%
Sperry A
Dis
Square D
4B
Standard Trans
31
Standard On of Cal.
Crown
Que Elevatork
Owen-Illing Glaus
Oxford Paper Co.
Pacific Gas & Fire.
Pan Americm Airways
pouzit Petures
Procter & Gamble Ca.
Portland Gen. Elec.
Partland Gen. Elec.
Publicker Industries
all
さ
10
34
Telephon
Olü (It(s)
HK GS
Glinan
Jardiner
100 3510
મ 30 1000 er 30 159
300 181
19.04 BU 500 I 60
22.90 23.20
G.I. Cement
Dairy Form 34
Textile
Nanyang
Amul Rub.
A
Schenby te
Froll Piner
Siegler Corp.
100.netair Oil....
Smith, Kline & Frenchs
Sony Mobil Ot
South Porto Rico Sugar
Lane, CruW
Cald. Marg
(Ord)
Humphreys
Macan Elec. Hope
Construction 18.00
Vibro
PUBLIC WARNING
King Size is a trade name, first used in the work by the Rothmans group of companies, to denote extra quality, plus extra length.
Since 1958, Rothmans King Size has been the world's largest selling king size virginia cigarette, and is the property of a group of inter-locked companies who, in 1937, invented the world's first King Size and, in 1951, the world's first King Size filter cigarette.
Rothmans King Size are made in 10 countries
on 4 continents, exported (primarily from England) over 120 countries and sold by over 60 major airlines.
to
As a
result of the above, numerous new brands have attempted and no doubt will
continue to attempt
-to imitate the specifica- tlons and design of the original and genuine Rothmans King Size.
To avoid confusion, know ye all men. by these presents:
Financial Cor Chare Manhat Bank
Chrysler Motors
Chuett Penbody
Coen Chia
Colgate-Palmolive
Colombian Carbon Co Commercial Credit Coming Glass Works Consolicited Edition
Consumers Gna
Continental Con
Continental O of Del.
Creole Pet
Zellerbach
Cuban Amner, Sugar
Delaware & Iudan Co
Diamond Alkati
Diamond Nalt Distillers-Seagmina Douglas Airdraft Dow Chemical.... Dupont de Nemours Eastern Air Line Eastman Kodak
El Pan Nattirat Cas Family Finance Corp.
General Pands
General Malore Gen. Pub. Util. Gun. Tel. & Elec.
Gen. Tyre & Rubber
U.S. cotton
consumption
Washington, Sept. 18.
The Census Bürenu said today that 690,180 runing bales culton were consumed in Unlied States in August, coin- pared
with $34,011 during August last year.
In its monthly report Q11 Cutton and Linters Statistics, it said 8,260,300 bales were eas- months sumed during the 12 through July, compared with #025,805 during the same period
a year earlier.-UPI.
Standard Oil of 2nd.
Standard Cât of NJ.
Sione & Webster
Studelker-Packard Corp. Sunshine Mining
Switt & Co.- Texas Co. Textron The. Thinkot Chen, Tide Wator Oil Time ...... Traders Finance
Travellery Inc.
Union Carbirle
U.S. Rubber
U.S. Stect Warner Bros. Westinghouse Air Broke
Verse Sicetrie
Union Tel, Co. Winn-Dixie Stores Woolworth (K. W.) Zeth Raslo
700 19.20
300 + 10.80
300 10.70
1500 or 19.70 40004.03
330 23.20 200 # 23.20 100 v
000 + 2614 400 3315
Exchange rates
wall done in the local exchange market this horning at the following raben j
British Petroleum gained six penge to 43/9 but other leading oils saw little change.
Tens tended higher paced by Duom Doorna bul rubbers were idio-UPI.
Closing prices
Brush Government Securities 215, Consolidated-CM
31%
3%. Saving 80-21/32.
Ravings 1960/70E78-17/18. 33. Bayinga 3. War Loan-&-
OTICRO Bonus German 1.
2. Japanese.
Banka 4 Insurance Barclays Ori-734. Chartered Bank-32 3d xd. Guardian Asurance—336.
at 175. Lande! Frum-438. Lloyds Bank-01 3. Lombard Banking Ord-14 UL. National & Ormulley-123 34. Prudential Assur. "A"-92-11/16. Royal Bank of Canada-€275.
British Petroleum-2 P xd, Burmah
-
Shell Transport Ord-11an ad. Royal Dutch-11. Ultramor
4520
Babcock & Wilcox Ord~25% Gd,
71941.
Colvilles 9 31x1,_
Dorman,
Guest, Keen Ord- 103. Harland & Wolft Ord-1 d. Metal Dox-828.
Steel Co. of Wales-No Chad. Summers &
Tute Investments-91. Vickers Ori-ectric
United Steel 44 1d.
ad.
Asoc. Elec. Intuiries del. Assoc. Television "A" Ord-30z, Birmingharu Sound-40% 34. Bril, Electrople indo su x. Heit, the Callender Orgs 3d. Elec. & Mus. Industries-30s. English Electric Ord-296, General Electric On-284 64, Plililos Lamp Work—–£10-1/10. Radiusion Ord. 1d.
Industrists Assar. Portland Cement-15 7150. Roardman Marden Ord." fiprox (Holding)--15 Od. Decca Records Ord-621 Dunlap Rubber Ord-25
d.
10.
Fons Ord378 $1358 40.
Gliman
International Computers-ls id. London Brick Ord-1s 3d. Tumer & Newall Ord-02 71ad, Unilever Ord–142 R Wiggins Tense Ord-54% Rd.
Chemicals
Boots Pure Drug Ord- 9. Imperial Chemical Ord-63% 1914.
Cinemas & Television Assoc. Brii Picture 40 d. Rank Stoll The
Ed, P'Riter Hawater Paper Ord--40s Bu xd, De La Rue Ord-53. Spicers Ord- 3d. Tobacco British-Amer. Tob. Ord-4s . Gallaher Ordita 7d. Imperial Tobierp Ord-80 British Motor Ord-1 Hawker Siddeley
Motor
34.
6c.
Jaguar Cots Ord-0-30% 154. Rolls-Royce ard-134 19.
Bradford Dyern-10 (4).
Itongkon & China -239, lludeon Bay Co-£431. Indo-China Det..
and Securities Ords 4k. 3. & O. Steam Nov. Det-374 £2. allnes
Angio Amarica Corp. 8A124. Brit. South Afrlen Ca-69 ex. British Tiszte
-JUN Gd. Consolidated
De Beers Def-1395 94,
London Tia Carp-10% 41% xd. Mount -50
Petaling –101. Kun Setection aja da. thodesian Anglo-Amer.
Rhodesip
Ord-52-
Trus-a #d.
Rio Tinto a 5s,
Roan Antelope Coppar Selection Trust Ord-97 Tronson Mines-05, Union Corporation-IE. Welkom Gora
d.
3.
Trust-43 Western tolding-B37= 34d) Soulhern Matayan Tin-325.
Rubber & Tean Anglo Indonealan Plant-4 d. Ceylon Tea Ord-10g 84. Imperial Tea Org--164 04..
Cunta Lungiur-Kepong-Ja 14, Lambak Rubber-179 €6,
Reuter
West Band Investimes ed.
New York
cotton market
New York, Sopt. 18. Cotton futures continued to be a quiet and mixed affair, with the new crop (1962 - 631 deliveries showing relative strength as nearby months faltered under liquidation.
Closing prices ruled #inc points lower to 15 points higher. The market opened off four to up cight' pouts. New Orleans closed nite lower to 14 points higlur.
Commission house buying in the far forward months dia- closed a scarcity of contracts. Part of the demand was coupled with the prospects for sizable entries under the governanci Joan programme.
com-
Lagging tendency in nearby months reflected light mission house offerings and a fagging trade demand, reflecting improved crap and increased hedge pressure as the harvesting. gets into full swing over the ensuing weeks.
The weekly crop report of a | lending Texas spot firm indicated varying damage as a result of recent hurr|cane Corlu, But more attention was turning to
1be new and threatening hurricane weather, which us last
been reports,
moving
has
Conte (JP) Paton & Baldwins-14soward the area.
Business
uno Melal
U.S. dollar (per $1)
8,700
Sterling notes (per Ell
15.00
Tri-Coni. Warrants
Australian notes (per ¿D
13.54
Twentieth Century Fox Film
Japanese yen (per 100)
150
137
Cambodia riel (per 100) ..........
0.20
Union Oil of Cal..
34
French new frane (per 1)
1.ti
Wasiland Ale 160.
Union Pacifte Railway
3432
Brazilian cruizeiro (per 1001
100
of
United Aircraft
40%
Argentine peso (per 100) ....
6:45
Calico Printers' Ord-13 34.
United Fruit
Korean hwan (per 1,000)
MAO
the
United Gay Corp.
Italian ra (per 1,000}
8.00
7265
U.S. Gypsum
Chinese JM (per 1)
040
U.S. Line Cn.
Taiwan yuen (per 10)
1.30
Fine Spinners Ord-233 6d.
Thai baht (per 100)
27.00
U.. Smetting
2414
Burmers kynt (per 10)..
5.75
821
Pakistan rupee (per 10)...
7.12
Cas
Mocno pataca (per 1)
0,004
2012
Norwegian krone (per 100)
7.53
103
-UPL
Philippine peso (per 1,..., 431 Singapore Atratta (per 1) 30% Swiss franc (per, U..... 7412 Netherlands guilder (per 11
West German D-Bark (per 1 Cuban peso (per 1) ***** 0.71
1,40
100
134
142
Yesterday's Closing
COMMODITY PRICES
DINIOJA
EXCHANG
.97-1/32
2015
2.2323
2.5010
-UPI.
Rothmins KING SIZE
TRADE MARK
The public and trade are hereby warned that the rights in this mark are the property of the parent Company of Rothmans of Pall Mall and interlocked companíra and any imitation of this trade mark may lead to drastic action by the proprictors,
BEWARE OF IMITATIONS
The neme "Rothmans" and the Rothmans King Size labels are re- gistered in over 70 countries. For the genuino article look for the name "Rothmans" on every prak and on every cigarette.
ROTHMANS of PALL MALL
Export Ltd., London.
(Incorporated in England)
HASTINGS & Co.,
Solicitors & Notaries
NEW YORK Closing roles: Cortada England official
30-day
Australia New Zealand
Other unchanged.
2.8140
COTTON
NEW YORK
Closing prices all in cenis per
1b,:
Apot
Oct.
Des
May
1.:
Marina Houte,
15-19 Queen'e Bood C., Hong Kong,
fac
July/Snorkels, c.1.f, basla, ports:
Ceneral
Mixed Contract
24.05
Sept. Oct.
-UP.
RUBBER
NEW YORK Rubber futures closing prices,
nli in cent per 1b.:
Nov,
Mar.
May
Juty
Bept.
REX BLATIdard
10.00
2045
20.40
217.30
28.30
29.15
24.18
20.15
SINGAPORE
Cloning prices all in Straila cents ner b. fo.b. Malayan ports:
Estate crepe thin Oct.
thick Oct.
AMSTERDAM
2315-2546
2917-242% 2012-203
Closing prices all in guilders
per kilogram, c.l.f. Sept.
No. 1 rubber
No. 2
Ho, Jaber
No.1 cre
2.35 buyers
travers
buyers
buyers
-UPL
METALS
NEW YORK
Closing prices all in cents per B.;
Lead Bept.
Oct
Zina
Gept.
Copper Fool.
Oct.
LONDON
2018
10.30
Courtaulds Ord 330 4d.
Lancashire Cotion Ord-sis 715th,
Distiller Co 415d. Guinness Arthur Ord Ed. Ind Coope Org-12€ 10%4.
Storei
Great Universal Ord-54% ad. Great Universal "A" Ord-501 3d. House of Fraser Ord-38
Lyons "A" Ord-571 71. Marka & Spencer "A" Ord-1023
-Tate & Lyle Ord—46a (and.
United Drapery Ord-45 d. Woolworth (F.W.) Drd=33" 1998.
stigeetlanes Bowmaker Ord-In
1952. Dr. Commonweal Ship. Ord.—374
Croadian Pacißo Ord—414U. City of London Real Prop. 730 44. Cunard Steamship Ord-178. Forestal Lend de Tyinber-12. Furness Withy Ord-30 34.
Chicago grain market
Chicago, Sept. 18.
Elsewhore, increased weevil activity was noted in Fome sections. UPI,
World rubber
market
New York, Sept. 18. Rex rubbar futuros today closed, unchanged to five points higher with sales of eight contracts.
Standard rubber futures closed unchanged to five points lower with no sales reported.
Terminal dealings were, hard ly broad enough to develop a feature, traders sold. Dealers were on both sides of the smal business done,
Equally dull conditions were Grain futures prices ware reported on the outalde market,
Irregular at the close of shipment offerings Wero
ported scorce, and factory la- the Board of Trade today terest in the delivered market with
mony recovering Vinlted to a routine check on from narly dips.
prices.
Both wheat and corn opened Locally, spot No. 1 Ras wes lower with corn 'making 'now | quoted 30% cents and current seasonal lows before price re-month 30 cents, botli nominal, cavery bepught about by buying
contract on
of the December
Commodity Research Dureau spreads. Local shorts were also today nald "world supply and hevy buyers.
demand for natural rubber arg Liquidation caused early derclagely in balance, a situation lues in nats with a fair amount that often bas allmulated sizable Closing prices, all in sterling of buying on the break by bolk price rises. However, as a result of males from the government per long ton:
Tin
35.40
34.00
50.11
No. 1 Bapt.
Oct.
No. 2 Hept.
39.30
No. 3 Sejt.
35.50
No. 4 Bent,
10,09
Boot rubber unbated
9955-831
Blanket crepe
Bayer Sellars
Re. 1 pale' Trepe
LONDON
per ib:
Closing prices all in pence
pot
hortli Copper
141
MI
2545,
Apos
32041
-montli
13216
234
20-7/10
Lond
Ope
3-ment's
23,05
#pat
LIVERPOOL Closing prices all in' panca per
American Contract
commission houses and shorts.
Meanwhile soybeans weaken-stockpile
and mounting
coin-
ed early with deptember under petition from synthetic rubber, the mosi presure on reports of there is little enthusiasor in the the weather and increased re- rubber market. ports of combing. Several Targo houses sold the January cou-was quietly steady. But wan quoted at 25:7/10.. No. 1 Bas
tots irpot.
In London, the rubber market
At outside markets grain * 20 25 with no business. 244 futures prices were mixed →→ Aterdami, rikter market
UPL
was very quiet today-UPI.
萨