stocks Chicago
London
decline
London, Oct. 2.
Stocks moved downwards in dull trading today, most sectors finishing lower on absence of buyers rather thân accelerated selling. But gilt-edged profited from this neglect of equi- ties when the short-dated and medium-term met fresh demand.
Most falls among industrialy
bal stayed smalt
Imperial Chemical still suffered from its lower half-your earnings and. slumped afresh to 58s 4d.
THE CHINA MAIL, TUESDAY, OCTOBER 3, 1961.
Wall Street moves
Now, York, Oct. 2..
Softness in blue chips and wide price swings in a handful of other issues were noted in on irregularly lower stock market today. Volume ran slightly ahead of last Friday's throughout the session. The general list performed better than the Dow-Jones Indus- trial Average, which showed a modérate
decline.
Youngstown
and
Intkens Of loll 1,25 shares traded, showed big losses in the steels) 483 were higher and 518 lower. where other issues were down fractionally despite higher pro-
American Exchange
duction last week. Motors felt was 1,780,000 shares. minor tracilons
were mixed.
Woolworth, General Electric and United Aircraft were losers of a polul or mere,
Lagett
aux Myers in the tobaccos and Goodrich in the rubbers showed endos of at least a point.
Closing prices
Abitibi Pow. & Paper Alden Mr. Acy Algoma Steel Com Allied Chemgal
lower
Aeneas Tej & Tel American Fo Anuccnda Cupper
An-prx
Arms Steel
Alberton, Corp. Atlas Corts. Mining Finddwin-Lara-Hauja.
saltustore & Olo Bank of Montresi Bank of Nova Beola
110%. Hallonai Cash Reg. "A"
30
New York Central,
Noranla Mines Ltd,
Nurfolk & Western Ry
North Amer.
Hartwest AirAblation .....
Oklahan Nat. Ca Oils Elevators ***** Owen-linela Gizes Oxford Paper Co.
(COL)
Piney Bowes
Procter & Gamble Co.
G
$4
L
HONGKONG STOCK EXCHANGE
by
Our Own Correspondent
115: י' !04
1121
National Dairy Prod.
75T
19
National Load
DUT
491
rational Steel Coen.
79
179%
44%
32
101
AGIL
morning amoanted to appro ximately $1,000,000, quolallons and the morning's
Business done on the Hong- kong Stock Exchange this
Noon
1A
281
runsuctions:
HL 140
34%
T
201
Shares
Buyer Sellers
Sales
B
Beech Life Savers
20
HK Bark..
120
240
Volume
R. TYL Co.
40
Belt Telephonɑ
Pacific Gas & Elad..
100 0
Pan American Airways
3714
thesuficial Finance
and chemicals
Bendix Aviation Corp.
Paramount Pictures
18344
40344
Bontis volume amounted to $5,310,000.
Dengurt Cons
il.
Park Davis Co.
Penny J. C. Co.
402
t.on.
Bethlehem Steel
404
Talard Itin
212 4033
Boring Attplæne,
MA
Philip Morin
101
Borden (Tag Co. p..
Burroughs Add Marine
Pittburg ate lan
A. Investor K. & F.E. invert....
1.10 9.30 10094 3.10
Brain Amer. On
21.10 0.10
230. 5.to
Portland Gen. Elev.
18
Publicker Industries
Wharf Wheelcelt
324
Pullman
Pure Oil
Hal
Radio CompTALIONE
B31
Jindia Chep, Prat
712
# 11.kk
New.. 11.000 11.30
125 RK Ducke
10
Haytheon
722.
Republic Sterl
34
Reynolds Metal
DOG : 110 300 A 110 2500 114 40.110
CIT. Financial Corp.
Reynolds Tubaceo
Talkoo Dock 61
T
Chan Mauhat,
unic
10 Bin
Rope Bank of Canada
C. Provklent 2010 28 80
Chrysler Miators
51
Royal Dutch
302
HES CUTE..
Rheem Mfg.
Sears, Roshniek &
HX Land..
12 412
10002
I
Alial Oil Co.
40 02
497 | Sateway Storen
152
Saint Heg. Paper
37
Incal
73L
Schenley Inc
26**
45%
Scott Paper.
Stegler Corp.
304 Really.
-13
Sinclair On
Continental Ou of Des.
Smith, Kline &_ Front:
tele Pet
12
Sneony Mobil On
C.
03
South Pueto The Sugar
Crown Zellerbach
DALL
Southem Co. (The)
LINES
Delaware A Hudson Co. Die Nat
17
Southern Natural C.18
Bristol-Myers rose more than five in the drugs, apparently n wp||1 rumours, and Korvelte which proposed a split and re- pric higher earnings,
also gained around Ave, Revtan Ted the gormeile stocks higher with A Kin of round threë.
Today's volume was 2,000,000 shares,
Allied Male Inc. All towers... Am. Brake Boo American Airline
Am. Call & Radio Corp America Cygnumid Cò.
Ain. Gas & Elverrie
Am. Haris Prod.
Am. Mirel & Mery
American Metal
Am. Natural Gas
Ameriyan Smelting Ain. Mager Hef.
3334
5716
sal
221
. ՈՒ
2014
FAL
Arba Columbia PwT Cal. Packing Corja. Canal da of "Comun Can BreWTIN
Camp Soup Co. Canadian Paciie 2
Case (5.14 Co.
Cat. Tarfor
Ceintiere Corp.
lett Teabody
Lora Cola ..... Colgate-Palmolive Co Commercu terit Comity Glass Wartai Consolidated Elizon Lafzolidated l'aper Consumers Gas
| Condiztenfzal
an
טן
467
י נד
455% | Southers Pariße Ca.
497% | Southern Railway (Com)
342a 'Sporty Rand
Square D
""
11K To.. 6.3.1. XD
20.60
220 2225
#
هو وراش داد خوانده
30 340
un
to one
Olx proved more resilient and registered gains shifting with Shell among the leaders giving ground.
Greeks lost their speculative | leam
and fell back in the
bond SIM or 112 foreign
market but 1000 119 Japanese went fractions higher.
[1] . *#1
1000
2.20
3200 2.243
5063 2.30
Freu stule Issues tended harder
while In quiet gids nance hores ensed. Tins Jog
Nro start and Anished mostly lowrt. Coppers were idle.
Plantations adhered to last week'n pattern. selected leas
but higher
rubbers edging
neglected-UP!.
Closing prices
Brush Government Secarliles Consolidated.
Conversion-31-0/16.
3. Savings 1055/65-4B4. 36, Savings 1960/30-£18,
a Savings 1965/75-cost.. 355. War Loan-£327%.
24 3774 $450 + 72
3000 710
2
40... 723
a
500 3F
Yeung XD
113 14
200
132
180
112
Do
113
223
100
Standard Brands Standard Oil of Cal. Standart on of Ind.
30
Ch. Light
40%
35
45%
346 6 35%
243 (Standard Out of NJË.
50 351
18
Sterling Drug Co. Stokely Van Camp Stone & Webster
NK Ewe
35 3
1 Tel
1043
Surahune Mining
12%
40
28
4
70%
Twentieth Century Fox Fil
P.O
ORIENT
s.s. CHITRAL
SAILING FOR UNITED KINGDOM vin SINGAPORE,
PENANG, ADEN, SUEZ, PORT SAID
and GIBRALTAR
Bestillerr-Seagrastr
Skouglas Alverati
Dow Chemical... Dupont de Remonts.
Eastern Air Line
Eastman Kodak
E PO Nattiral Gas
Patolly Finance L'orp.
Petra Curs....
Firestone Tyre & Bab 4 Studebaker-Packard Corp.
Fire Nat City Bank
Ford Water...
General Dyntunics
General Electric
| General Foods
General Motors
Gen. Pub. Bu,
Gen. Tel. & Eleu. Gen. Tyer & Rubber Gelty O... Glidden Ca
Godrich (B. F.) Co.
year Tyre
Great Northern Railway
Aircrats
Chill Oll ...
Hammond Organ
Iftram Walker
EMBARKATION: The ship will be berthed at No. 1 Pier, Kowloon wharf, entrance at No. 1 Gate, Salisbury Rond. Passengers should embark between 2 p.m. and 4 p.m. on Wednesday 4th October, 1961. The ship is expected to sail at 5 p.m. on Wednesday, 4th October, 1961. Should be sent to the Ilong Kong penal of Kowloon Wharf Co.'s godown (en- trance at No. 2 Gate, Canton Road), between 8 a.m. and 5 p.m. on Tuesday, 3rd October, 1961,
SAILS:
BAGGAGE:
HEALTH:
ALL PASSENGERS MUST BE INO- CULATED AGAINST CHOLERA BEFORE EMBARKATION,
SUBJECT TO CHANGE
Agents:
MACKINNON, MACKENZIE & CO.
Homestake Mining Co. Huusmaa Refrig. 1st Power
Iberial Tubacen Ingersoll-itund
Tamid Steel Cn. Intercheilent Corp.
Business Machines Int Harvester International Nickel International Paper int' Tel & Toi
MeDimne Airert!!
Merck
Mining
Monsanto Chemical Co.
OF H.K. LTD.,
Mission Development
P. & O. Bldg., H.K.
Tel. 85211/9.
Montgomery Ward Autorola Inc.
National Blocult Ch.
SWIN & CO.
Text Co.
Textron Inc.
Tuloksi
Chem.
Tide Water Oll
The In...
47% 15. Gy
S. Rubber
.S. Smelting
US. Slee
40%
41
2000 4 10% 2009 409
200 #y 1000 1944 2004
130 401
1100 120 mI 500 $41.94) 04.075 50 17 22 89)
302280 1000 22.9 1400 57
New
Traders Financ
1.
13 15.10
502 M 38, 1500 15.10
Travelers Inc.
1715 191
Tri-Cont Warrantz
JZ
10
18.10
70%
397
35
¡Valon Carbide
Union Oil of Col.
13514 51%
400 10.10
HK Gas
Union Pheific tailway
2312
United Alrerat
Cin
United Fruit
Jardines
19.00 19.90
4,05 475 238 23.10
United Gas Com
30
201
U.S. Line Cu
C. Cement 57,
2
Unity Fortn
45
194
12
8213. Steel 7 F.C. PF
Warner Bros.
Textile
6.45 4.35
1437
{V$ 1} |
Nunyang
11 60 1
70%
Apral Heal
5.45
5.601
541
Westinghouse Electri
Waukesha Motors... Westinghouse Air Brake
20000 353
234
Tubs, Trust
44
ai
Western Union Tel. Co.
411
Clis Hotel
6.65 24, 21.66
3515
West Va. Pulp & Paper
માં
30 35 nce as
Winn-Dixie Stores
30*4
Agla Nav.
Woolworth (K, W.
Johns-Manville Co
1322
Zenith Radio
174
2:30 5,40
50心
C
Kaiser Inntrion
Kankus C. Power & LEN
Kennecott Copper
67%
Kimberly Clark
Liggett Myers Tub. Cu.
Lay Tung
442%
tition Ind.
139
Lockheed Aircraft
432%
First Hongkong Fund.
EX
Loews Incorp,
241%
divident, $1.00
Lone Star Cement Co.
(layer) $1.15
Lorillard F
01%
(seller).
Lowenstein & Sona.
McDermott J. May
Second Hongkong Fund: cents (buyer) 93 cents (seller),
An Income distribution
#7
of be
Agreed merchant
772%
UNIT TRUSTS
$2.20 per 100 units WILL made on November 15 to fu gistered unit holders of the First Hongkong Fund as Un September 30, 1961.
Slurere
012 040 Humphreys 23 23.40 Hope'
4314
rates
2019 2.22$ 3500 4 2,00
1125 a 70c
11254 70c
2250 on the 28125 770
*S* The
4500.85€ 500 0.80
Swiss Francs maximum sell- ing 75%
West. German Deutschemarks maximum selling 69%
Yesterday's Closing
Overens Blondy
German (Dawes). Japanere. Amented-£1937.
Banks & Insurare
Barelyn Orl74 30.
Chartered Bank-vs Gel. Guardion Assurance- Gri. Hongkong Bank-£« Bundel Trust-128. Lloyds -
Oct.
1nburd Banking Ord.—15 Prudential Assura "A" — 22-1/16
Royal Tank of Canada- £207%. Hayastanter Ord-420 1.
on
British Fetroleum-23. Burmah OIL-SA.
Shell Transport Ord-113a ed xi. Jayal Dutch-!1-3/16,
Ultamur Company-208 74,
Stein Engineering Babcock & Wilcox Ond-23 01. Cinvilles Ord-33m 1754.
Long-284d. Barees Ciral-M
Harland & Wolf Ord-17 30. Meet Cu. of Wales-a del Stowarts & Lloyds Ord-424 d. Summers de Soon Ord... 15k 1954. Tube Investments-30s 6. United Steel-49% 1. Vickers Ord-27 64.
Electric
Assor. Elee Tudorieten-20x 64 xd. Elec, Television "A" Ord-30s 3d.
Sound-37 d. Brit
imtronie Ind-10s 9d. Bri. Ina. Callender Ded-55% Od.
- Mus. Industries-30. English Electrin
In Ord-27s
xu
General Electric Ord-201 Philips Lamp Work£10. Rediffusion Ordinis 4lyd.
Industrial
Assoc. Portland Cement-468 g. Dourdan Marden Ord-4s 31, Borax Holding)-15 34. Decca Records Ord-60s Trad. Dunlap Rubber Oru-258 Dil, Fisons Ord-30 14
"(floldings) Ord.-a 9.
Grileritational Ceinguters, tis. Turner & Newall Ord,-də 11⁄2d. Unlever Urd-137% 30. Wiggins Tape Oris 34.
Chemicals
Bools Pure Drug Ord-27% Od. Imperial Chemicals Ord-58 #11⁄2
Cinemas & Televislen Assoc. Brit. Pictures47 719d. Kank Organization Ord-234 3d. Stall Theatres-da_40.
Pape
Bowater Paper Ord-44%, De La Rose Ord-Ban sử, Reed (Albert El Ord--40x 6¢1. Spicers Ord-sia 10148,
Tobrecon Brush-Amer. Tob, Ord-dos 31. Carreras "1" Ord- 4150. Imperial Tobactors
Ord-074
British Motor Ord-13s 1led. Hawker Siddeley Ord-37 35al Jaquer Curn Ord–1200. Rolls-Royce Ord-428 9d. Welland Alreader
-17 1.
Bradford Dyers-138 13941.
Culled
Coats (3124 kit
34%,
Paton & Baldwins-40
Courtwilds On-30 34. Fine Spinners Ord 30. Lancashire Cotton Ord--45@ 246d. Frowesley
Distillers Ca. Ord-15 3d. Gulness (Arthuri Ord-314. Int Coupe Ord-12 d. Qrent Universal Onl--63a. Cires; Universal "A
House of Frarer Ord--38a 04. Lyons (1) "A" OR OTH
Ort-us
Marks & Spencer "A" 17 Tate & Lyla Ord--13 Bd. Untied Drapery. Ord-44p D Woolworth (FW.) Ord-80s 1015.
Miscellaneous
Prop-708
Bowmaker Ord-148_D1. Frit Commonweal Ship. Ord-30 Canadian Pheiße Ord-313! City of London Heat
Cunard Steamship Ord-1* 1996. Forestal Land & Timber-10% Bu, Furness Withy_ Ord-Sts Sd, Hongkung & China Gaane 21%. Hudson Boy Co.-£4-5/10. do-China Det. Ord-di Land Securitas Ord- 34. 12. & G. Steam
101
Mince
grain market
Chicago, Oct. 2.
Wheat, futures fell sharply under, heavy rolling pros- sura, today on the Chicago Board of Trade,
Soybeans inished steady after ruling higher through most of the sesalon. Rye firmed, while corn and unts were easier.
.moro
Wheat prices tumbled than two cents a bushel · before short-covering
checked the
decline, active liquidation ap- peared after the market falled to respond to a large pending export trade.
Movement
Commercial and Commission houses led the wheat sales, Exporters sald they expected to sell about. 14 million bushels this week.
Soybians responded to small country movement of new crops to Chicago and a virtual absence of hedge salus, Chicago stocka rose only 95,000 buslietis last Commercial hausts and shorts were taal buyers,
Wheat closing range: off
to 2 cents.
Soybeans closing range:
UPI:
Def-3014 to off cent,
Anglo American Corp. SA~~1, 2015. Fri. South Africa Co-978 14. Briket Tin Investment--17%. Censolicited Zine Ord-03
tu.
De Beers Def-128 19
l.
Landon Tin Corp-105 9.
Petaling Tin-19 G.
Mount F-533
President Brand-49s 45d xd, Stand Selection-30 10d.
1.
thodesian Anglo-Amer Ord---328
Rhodeetan Selection Trust-Ba Ju.
hokana Corp.-4
ilu Tinto (Bearer)=-30s
ad.
Selection Trust Ord-95% 30. Union Corporation-44 74, Welkom Gold Mining-1 d xd. West Rand Investment Trust-41% Ուչմ...
Western Holdings-112
d xu.
Southern Malayan Tlu--328,
Rubber & Tea Anglo Indonesian Plant.—is du xd. Coylent Ten Ord-21 0.
inperial Tea Ord–176. Kuala Lumpur-Kepong-38 1'ad Landak Rubber 47x id.
Reuter.
Exchange rates
Business way done In the
lusal unofficial exchange market is maming at the following rates;~~ US dollar per $11 Sterling notes (per £1) .... Australian notes (per £1) Japanese yen (per 100)
Cambodia riet (per 100)
French new frane por Bralian cruzeiro (per 1001 Argentine peno (per 100) Koren hawn (per 1,000) Italian tra (per 1,000) Chinese JMP (per 1). Taiwan yuen (per 10) Thai baht (per 100). Burmee kya (per 10) Pakatan rupee (per 10) Macao pataca (per 1) .... Norwegian krone (per 1001 Partippine peso (Der 4) Singapore Straits (per () Swiss franc iper 1)..... Netherlands gulkier (per 1) West German 13-Mark (per 1) Cuban peso (per 1)....
COMMODITY PRICES
FOREIGN EXCHANGE
The Fastest JET in the Orient
THE JAL CONVAIR
880M
JET COURIER
There are many new and exciting things about the JAL Convair 880M. It's fast: there's no foster jet in the Orlont. It's silent: the cabin a whiaper quiet. It's powerful: mighty jet engines amoothly thrust it skywards from short runways. It's comfortable: contour seats cradle you reading or relaxing. And it's beautiful: Interlors show the perfect visual taste and restraint of Japan.
Convair 880M Jet Courier service started on lat. October with eight flights a week, between Hong Kong and Tokyo. Flying time in cut to 3 hrs., 40 mins. Here's how often JAL Convales dy throughout Southeast Asia:
FROM
нена кона
VIA
To
{PLICHER PER WEEK
NON-STOP
TOKYO
MONG NONG
BANGKOR
HONG KON ETONG KONG
TAIPEI AND OBAKA
DINGAPORE TOKYO
KOKINAWA
TONYO
Holland Swedan ww.tzerland
LONDON Closing rates; New York Montreal Amsterdami 13rum Copenhagen Frankfurt
2,81-7/10-2.04-0/10 1.8975 -2.00 10.135-10.10 140.07-140.125%
19.3724-10.30 11.20-11 259
D
JAPAN AIR LÍNĖS
JAPAN AIR LINES
TAKSHING, HOUSE, RO, DES,VOEUX RD, Č. TEL.28043 18 UNES) PENINSULA HOTEL, KOWLOON, TEL.60680,64095
METALS
World
rubber
market
up
Now York, Oct. 2.. Rex rubber futures today
closed 12 to 15 points lower with soles of ona contract.
Standard contract
closed 20
to 30 paints lower with sales of tight contracts,
Dullness featured the terminal market
azain
with
prices drifting Tower with the foreign
and markela
disappointment over the prolonged absence of worthwhile factory buying interest 16.03
in the spot market. abeervers thought the of domestic con- sumers pointed up the recent figures showing over 70 por crnt of all new rubber sumption here now is La The synthetle article.
indifference
12.04
Some
1.50
9.50
1.15
1.00
5.25
1.20
8.00
0.48
1.42
27.08
2.35
7.17
9.094
7.03
1.42
1-54
141 0,30
LIVERPOOL Closing prices all in pence per
NEW YORK
11:
NEW YORK Closing rates: Canada
gned offentl
30-days
Closing prices all in cents per
American Contract ··
Det
24.20
Jb.:
Dec.
M7-3/82
Lond
D.PS
Mat.
0.93
2.14147
MBY
Zinc
10.150
July
2.30-13
10.00
2.7030
Copper Ou,
29.65
Dec.
2372
Dre.
27.TU
Mixed Contraci
Jan.
20.59
Oct.
2312
Tar
20.07
Dec.
May
20,55
Mar.
July
2754
May
Sept
2017
LONDON
Oct
Dec.
Duyers Sellern
144
04
ܕܐ1ar
Closing prices, ell in sterling
per long ton.;
'Tin
BD.20-80.30
Spot
20.02-20.02
3-mont
13.04-13-04
Cupper
14.55-14.03
17465-1747 72.65-72.71 12.1744-12.1771
2-month Lead
Spot 1-month Zine
Spot
I menti
£12
Atockholm Milan
Viena
Zurich
SUGAR
NEW YORK
Closing prices, all in cents per
Contract No. # (world).
1b.:
Nay.
Mat.
May
رونیک
-Work
Aver#K)
Total Hales: five contracts,
Open Inieten!: 073 contract»,
Contract No. 7 (domestic)
و لا فانه در شهدا
224
COTTON
זנע
RUBBER
NEW YORK
Rubber futures closing priced, all in cents per 1b.:
Bex Standard
29.10
LONDON
2201
72414
63;
8214
7134
72'i
7252
UPI
Nov.
Гла.
20.10 20.00
20.10
M17
30.00
July
20.40
Bept,
20,40
Closing prices all in pence per
Jb.:
Jb.:
NEW YORK Closing prices ali in cents per
5 flow pat
thet
35,50 ISL
det.
34.20
Apr./Junp July/Gepl
Mar.
23.01
May
Patole crepa
33.00
1100.
thick Oct AMSTERDAM
**
30.34
NEW ORLEANS
MDS
Nenent house lerini 2416
2331-2456 23-5 26-284 Esity 25-28
General markets, Elf, banesporti del.
241-43
Comment
год-
Spot No. 1 Rss wis quoted 20% cents and current month 20% cents
pound, both nominal.
Commenting on the rubber situation today, Commodity Re- Rearch Bureau sald: "Although normally qulle sensitive to in- proving general, economic, con- ditions, rubber Is one Industrist material that, has not shured recently in the broader demand and price strength that has characterised, some of the other Industrial materials: This may occur later in the business cycle, especially if consumer response to the new model cara is anywhere near as strong op Detroit is forecasting."
In London, the rubber market was very quiet with spot quoted at 25. No. 1 Rss spot 24% 25%.
the In Amsterdam, market was quiet today-UPI. rubber
New York
cotton market
Now York, Oct. 2. Cotton futures opened tho new week with trading on the quiet side and prices indecisively mixed.
- Closing prices ruled 10 lower lo eight points higher. The market opened of four to up BOVA31 points, New Oricans closed off Ave to up 11 points.
Interest revolved mainly around the expiring October delivery.
Now commitments sippeared to be held in slieyance while
traders evaluated the crop news, and developments in the textils fraile and the spot cation mar- ket. The crop news whe con- sidered mostly favourable. Closing prices all in guildersy were down to 7,300 bales. Open, contracts In October to-
per kilogram, c.l.f. Sept Closing prices all ku cenis vero, 1 rubber
Nov.
Mar.
May
7.28
Kaire Kotri utal head way will promote at t
July
Bulk, duty pRICI
1b
ફર્મન
Ort.
----UNL
Dea
7,
Total Røjne: 075 distraelé, Open interest: 1960 vontracta,"
210 buyers The certifested stock tollled Not a runner vORRA FUN D94020 1108,022) báles plus 300 “baina No
rubber 'craps"
A
1.1% insyees
* 135 buy awaiting Inspection, and "mile"
ronale teaf-UPI,