THE CHINA MAIL THURSDAY, OCTOBER 12, 1961.
New York stocks HONGKONG
advance Adverse business
New York, Oct. 11.
The stock market moved ahead on fairly
brisk trading today as momentum news pulls down
carried over from yesterday's late rally. Price changes generally were fractional, especially in the blue chip section, although in many instances elsewhere gains ran to a point or
more.
Zenith
streek
were
Polaroid spils, rising about 21% novel futur points, respectively. However, CertainTeed sank
Stepublic Steel Reyılda Metal
Neynolds Tobares Shicle O Socany Mobi on Square D
nbout two and General Instru- ment a point, the latter follow- ing a poor carnings report.
tere liyan fhree, Addressoɣraps and
Today's valurne was 3,670,000 shares.
Of a total 1,280 sharts traded, 522 were higher and 501 lower.
American
Dil of Col.
Standard of lad.
Sierting Drug Co. Stonely-Van Comp.
0014
78 NEW!
401
Handora Off of N..
|
30
Studebaker-Packard Gorn. |Texus Ca,
11
Textron Inc.
excilange volume de Hallway
was 1,510,000 shares,
Boda volume anonunted $3,240,000.
Closing prices
Alden Bu Ay All themicals Allis Chudraers
American Airline American Metal American Melting
American T 4751
American Tol
Anneenda Copper
Armour
Atina Cozy Mining Bai
Bethlehem Ste
Cann
Brewers
Canciling Fuelth t Case Manivat. Bank
Chrynder Mutore Coca Cola
Commercial Credit
Cumilitated Billson
Crane Ca.
Cuban Amer, Sugar
Dupont de Nemtütz
Eastern Air Li
Eastman Kotak
Ford Motor
General Firetrie General Fonds General Motors Getty Ou Goodyear Tyre Gulf Oil
int ventur
Int'l
International Nickel
15
fo
107)
thrilled Airerati
1.8. Steel...
Warner Bros.
Westingham Electric
Woolworth K W
-tr
362
4:43
20
London market
London, Oct. 11.
STOCK
EXCHANGE
Our Own Correspondent
Business done on the CH4- kong Stock Exchange This Corning amŪRINIAKI to approxi- Imately $1,880,000. Noon quota- ters and tam morning's raas- actions:
Shater
HK Dank
A fall in engineering stocks pulled other indus- wherlock
trials down today, their retreat speeded by: upsetting board room news and the cotton industry's difficulties.
Babcock and Wilcox passed up
on Interim paymeat and the shock spread to other engineer- Ing leaders like Allied”" Iron, Dávy Ashmore and Guest Reen who took falls
to Ար
three shillings.
A selling spree 7144
Inler hit the blue chip. stares, textiles, breweries and tobnecas.
Imperial Chentical ran inte fell to Exopean setting and 58/Lancashire Cotton dropped 2/6 and even recently bỏùm- Ing Unilever surrender 13 140/0. Electricals were de- I pressed.
Chicago grain
Chicago, Oct. 11.
Grain futures checked on corly decline to rally sharply during the final hour today on the Chicago Board of Trade.
After easing through most of the sessiun under realising safes, futures suddenly turned 701 | around near the elosé under n 13
burst of late commission house orders.
Local traders lect selling in n's warat, Small mill buying and a resting demand steadied the
5)
45%
Machines
49
Big
451
012
เร
Int'l Tel A TOU
Kennett Copper
Litton Ind.
Lockheed Aircraft
Lor
Incorp
Lone Star Cement Co.
mesota Mining
Mission Development
Montgomery Ward
C
Madonn
Reg. "A"
New York Central
& Kine
Pan Amerleon Airways Paramount Pctures Pittsburgh Plate Glass Radio Corporation.
AMERICANA. STOCKS & COMMODITIES
WHEN SELL
TECHNICAL
WHEN
QUY
ANALYSIS
On Stock Trends
Research Dept. PERENNIAL TRADING CORP. 10-448 Edaburgh House
some Hong
Tel: 74944, 38314
P.O
431%
market when offers diminished, No export sates were reported, i Soybeans opened as much os
f
British its slumped. British Petroleum leading the declines
Taclicked Shielt, ttayai
Dutch and Burmah,
Gill-edged met sporndie buy- ing but were little changed at the tell. Foreign bonds idled.
Teas see-sawed but there wha tle movement la rubbers- UPI.
Closing prices
British Goveromras Serwriter 2. Consolidated- £ ?....
Conversion--- 1529.
i. Savings 3055, 05—Lim-13/10. 3. Savings 1960/70-77-11/10.
Sayings 1985/15— £691.
War Lawnm£53-3/10.
Oversnas Beuds
German Dawer-£937: Julie Ansented & 131.
Elnurance
Barelys Ord
Brit Merchants Inner-51 74. Chartered Bank-ils det. Guardian Assurance--50s. Hongkong Bank-£18.
Biosila Bank... 825 .
higher cur to stel Trust-128 Bel. huge selling and a lower USDA 212 figure on crop production. The advance Attracted realising tales, but prices rallied Again
htt the close. Japun look 250.000 bushels of beans.—UPI.
New York
sugar
ག
Takaburi Banking Ord.-14. Prudential Assur. “A”-£21-1/10. Devil Tank of Canada-127. Hoval Insurance Ort-42 75,
On
British Petrofeumi-425 ft. Hurmah Off-WG%_6«!. Stell Transport Gird- 117 [. Rovat Dutch — £12.
Bhramar Company-30s at a
Steris Engineering Bubenek & Wileax Ded-10s 30. Couvilles Ord-8ls 7yd. Derman Long-278 101yd. Guest, Kren Örti-815 7. Hart & Wolly
Star Co. of Walca
le!.
Stewarts & loyds Ord-18 01. Summern & Sous Ord-434 494. Tube Investment 4. United Steel--40× 79411. Vickers Ord-27.
Electric Assoc. Elec, Industries-299 30. Anne. Television “A”
Birmingham Some Orel-"
New York, Oct. 11, World No 8 sugar futures today closed one lower to one point higher with sales of two contracts, Domestic No.
Brit sugar closed unchanged to Three points higher with rules of 310 ron- i tracts.
World
continued featureless
Traders Geneva, been
futures
whlie
awaited news from where discussions have under way for several weeks on world stabilization plans.
Domestle futures Avera dominated by the posting of 280 contrnets against business in raws.
Portugal reportedly will buy! 20,000 tons of raws in the world market on October 17 for firs!- half December shipment, pre- ferable Brazilians, traders
understood.-UPI,
ORIENT
LINES
S.S. CANTON
ROUND TRIP TO JAPAN CALLING AT
YOKOHAMA, SHIMIZU, AND KOBE.
Brit. Electronie Ind.-its 4c).
Js. Callender Ord-563 1 Elec. & Mus. Industrie-378 Engilah Electric Ord-20 B. General Electric Ord-25 Oct. Philips Lamp Works-£10. Redifusion Ur-189 105d
Industrials
1
d.
Assoc. Portland Crinent-17¢ 71x1 Boardmian Murden Ord-Us 10134. florax (Holding)-159 list. Brera Rycenis Ord-5ða 34. Dunlop Rubber Ord-20s 4lbet.
Yesterday's Closing
Fons Ords 3d.
international Computers--Ska (4.
function Deck Or Hậu thì Turner Newall Ord. -58% 14. Unlever Ord-146 9.
Ord-558 1.
Imporint Comlent. Ord-584. Monsanto Chemicals Ozil-ibs.
Cinemas & Trievision Assoc. Brit. Pictures-17% 14. Raak Organization Ord-25%. Stall Theatres Gs 71st,
Paper Heater Papers 45 Dr En Itue Ord-l Spteem Ordədir 20łyd,
Tubarros
2514sh-Amer. Tob, Onl--G Thi Curreran "1" Ord-5# 0:1. Gallaher Drd-dis V94. Imperial Tobacco Ord--86, 71jal. Malars
Pelitab Motor Ord-tas ext. Hawker Siddeley Ord Jaguar Cars Ord-19 44, Hals-Hoyee Ord--4in J. Weston Alegraf-16% 10.
Textiles
Iyer Melters
Saler
334 310 De 234
1024
108 334
Loinbard Allied Tov. IK & Y
402.
772
41
B.43 1.05 1000
U
D. (RUN
Whart Co.
K 336 JPG
+1
11.00 12.18 14500 B000
12
|
1090
10000
19.10 12.10 12
(New)
UK Duck
ti u 11.70
114
4500 11.70
115
100 113
300 m 114
Taken Track
GL
61
f
62 27006419
2004 135
20.00
FIR 5. Hotel
3000+
200 115
$00.0
3210 220 25000 v 3.113
COMMON
MARKET
AND THE BRITISH CAR INDUSTRY
By Alexander Thomson
London, Oct. 11.
The talking marathon about Britain joining the European Com-
mon Market is now really getting under way.
Last week there were "preparatory" talks in Bonn. "Preliminary" dis-
cussions have begun in Pariş.
will Later there
be "full. negotiation5" In Brussels--by which time Me Edward Heath, Deputy Foreign Secretary und Our top negotiator wil prob- ably be wondering whether he is on his head or lis heels.
This must be the position of muny industrialists and 1- vesturs here as they try to make up their minds about the outcome of it all.
There
15 nervousness for example, aut motor shares, if the protecting tariff wall behind which the
has car industry sheltering for so long
BK Land!
Luralt. 17. HK Realty
UK Toon
354
400 or 23
1000 35
been
2000 64 35
K
Elu
Yaunoti & Di. Ch Lght...
MBL. 10 342
G, I Ge
100 100
304%
300 to 314;
Elvirie
14
Aud
Belford Dyers-12s. 1yd.. Calico Printers' Ort--12% 2728. Coats 3 Paten & Bahdeliset, ratman
Courtaulds Ord--32s (7)μd Fine Spinner Ord-22. Lancashire Cotton Ord-18% Aga
Breweries
Jurite
ות
200 or 34%%% 300 3413 380 35 30004 347 11:00 357 12123424
100 35 500 or 34. 350 35
!
it Cias
1
July 30% 39%
2000 30, 1080 14.30) 500 a 14,30
dod 14 19:32 10% ZODG 11 LIKE 10.40
4
231, 23.00 200 231%
$25 du
430 23
500 y 3.60
1000 SP
Textile
5.15 0.40
Kunvang
31% 140
A Rubber
XD ...... 3.20 5.45
-
It. Trust
Cty Holed
50
t... Craw...
30
124 25 5003814
Asin Nav
|
RIS 1.223
1125123
1125
Disler Co. Ords, 1. Cufurite Arthuri Ord=514 Bel. Il Coope Ord-13.
Stores
Great Universal Ord-628, Great Universal "A" Ord-90s (lat. House of Fraser Ord-30s 114, Lyons (3) PA" Ord—971 190, Marks & Spencer. “A”
Tate & Lyte Ord-Ms ad. United Drapery Ord-ils 03. Woolworth (FW, Ord-3is iad.
Miscellaneous
Howmisker Ord--14» 26.
Dril. Commonwest Ship. Ord.-38% "Canadian Pacing Ord-8442...
Conned Steamship Ord-abs Ted. Prestol Land & Timbur--11%. Furness Withy Ord—a 30.
ngkong & Ching Gas-238. Hudson Bag Co.-4.
Indo-Chinn Def, Ord-20s. Lant Securities Ord--235, P. & 0. Sleam Nay. De&-375 3d. Channel Tunnel-2k su,
Mines
Angio American Corp. SA --1204
Brit. South Afrien Co.---SUN DEL British Tin Jovestment-165. Consolidated Zine Ord!-02 84, De Deers Dri-1715
Free State Geduld-801 K), Lunden Tin Corb-18 10. Mount -50% 20.
Peinling Th
Band Selvetun-34 9.
Rhodesian Anglo-Amer, Ord!-01. Rhailed Selection Trial-Ar Mt. Rhokana Corp-165.
Rio Tint (Dearer)-38m 2. Horn Antelope Copper-09 24. Tronoh Mines—la.
Union Corporation-40x 10! Welkom Gold Mining-13 460. West Rand investment Trust
15.
Western Holdings-115s 7ład. Southern Malayan Tin-318.
Habber & Tent
Court 3 15042314
Jary XD.
Entertain.. Sincere....
IK Mine
J. Carsal, Est,
1.325
300 473 500 914 10c. 5000 BC.
187 102.
J's, Inv...
12.10 12 Humphreys 2.30 23.3
! Shal
tongkew
Shol Dock
Cunniruetion 15.00
Vilare....
Ataceo Etre. Amoy Can St Gar
12.00 1402
400.
METAL MARKET
London, Oct, 1. Yesterday's Inte improvement in London
Cepper valuty was extended moderately today.
Tin
remanied steady today but quotations were marked ciown.
Lead and zine were quiet to- day.
In New York, copper futures totay clued throw to 32 points
Angio Indonesian Plants 10d,her with sales of 275 con-
Ceylon Tea Ord-21%.
Imperiet Tea Orls 3d.
Kuat Lumpur-Kepong--le Pd. Lambak Rubber-175 Ed.
-Reuter.
tracts.
Traders sold the action was mainly a reflection of the higher London trend,—UPI.
COMMODITY PRICES
FORLIGN EXCHANGE
olicial
30-days
METALS
July
Qel.
Dec.
Mor
LIVERPOOL
Closing prices all in pence per Jb.:
$23.45
NEW YORK
American Contract
Closing prices all la cents per
Oct.
24.03
NEW YORK
Dec.
21.05
lb.:
Mat.
24.00
Closing rates;
Lead
May
Oct.
0.70
July
220.60
Canasin
07 1/16
Dec.
1.49
England
21.50
20355
Oct.
2005
2.8007
Mixed Contact
Dec.
10.05
90-days Other unchanged.
2.790
Oct.
24.48
Copper
Dec.
Vet.
3392
24.00
Mar.
25 30
Dee.
2013-01
LONDON
2073
May
25.78
July
26.00
Closing rates;
Montreal
Mar.
20.7X
Oct.
2.1-2.854L
May
29.00
2+35
2.89 15/10-2.09 1/10
Dec.
July
2.05
24.05
10,14-10.133
Bept.
29.00
per long ton.
Tin noi
EMBARKATION: The ship will be berthed at No. 1 New York
Pler, Kowloon Wharf, entrance at No.
Aterdam Gate, Salisbury Road. Passengers Bruscos
Copenhagen should embark betwoon 4 p.m. and 5 Frankiurt
Libon p.m. on Sunday, 15th October, 1961.
I'arte Stockholm
SAILS:
BAGGAGE:
HEALTH:
Vienn Zurich
The ship is expected to sail at 6 pm. Milan on Sunday, 15th October, 1961.
Should be sent to the Hong Kong Kowloon Wharf Cola godown (en- trance at No. 2 Gate, Canton Rd.) between 8 .m. and 5 p.m. on Satur day, 14th October 1981 or between 8 h.m, and 1 p.m. on Sunday, 15thi October, 1961.
ALL PASSENGERS MUST BE INO. CULATED AGAINST CHOLERA BEFORE EMBARKATION.
SUBJECT TO CHANGE Agenta:
MACKINNON, MACKENZIE & CO.
OF H.K. LTD.
P. & D. Building, Hong Kong. Telophone: 36211/9
140.0213-140 12 18.38-10.3412 1124]=1241 00.15-10.20 20.03 0.03 13.84-13.041 14.5952-14.53 1747-174745 72.00-72.72) 12.15-12.173
173 UPL
SUGAR
NEW YORK
Closing prices, all in cents per
LONDON
Closing prices, all in sterling
3-moni Copper po! 13-month
tend Spot
moni
Zine Appl
-monk
Buyers Sellera
D42
22312
22024
230
2300
1
039
0319
-UPI,
COTTON
-UNI
RUBBER
NEW YORK
Rubber futures closing prices,
all in conts per lb.
KIX Blandard 20.50 21.02
20.14
2000
DA FA
20-30
271.23
all in pence
24% 2496-2412
ΝΟΥ.
Int.
Mer.
May
July
Sepi.
LONDON
Closing prices
jer b
JU.;
Contract No. 8 (world)
Nov.
7.79
Mat
Closing per th
Det,
NEW YORK
prices all in
cents
Nov.
Jec.
35.60 now.
31.45
Got./Dec.
May
July
Dec.
3.4.20
Jen./Mar.
Aur.June
Brut.
MAT
July/Sept.
Det
2.04
May
207.10
31.11
2,53
Det.
Nov.
33.400
Spol-World Average) ... Total Sales: two contenots. Open Interest: 715 emiracle,
Content No. 7 (domestio)
Nov.
Mar.
May
July
برادر
Dee. Mar
0.14-15 6.21
Nipslífulk, duly paid), KE Tall Sales: 310 contracts, Quen interest: 1411 contra
25.01
בד.ד
NEW ORLEANS Closing prices all in cents ver_ib
Apot
Ime.
Max.
May
Nn. But no
Heitlement hire term:
244.241
2437-2312 241-20 24-25
71-2 2414-24%
ว
General marknia, c.5.r. banía, porte:
Extate crep! 1isht Now.
thick ov
AMSTERDAM
Closing prices all in guilders per kilogram, c.i.f. Oct.
3310
No. 1 ridhine
No. 1 rubyer
30.07
Ho, 3 rubber
25.77
No, cry€
should begin to come down,
But i seems to me that
U.S. imports of foreign goods rise sharply
Washington, Oct. 11.
Britain's own car giants, if they The Commerce Department reported today that
con rid themselves of labour troubles, are in better shape to stand up to their continental
rivals than some folk imagine.
For only two of the leading and Independen! European manufacturers can boast of lar- Ker sales per employed ton BMC and British Ford.
Comparisons
Here are
imports of foreign goods jumped sharply during the summer.
unfavourable
This was ди development for those 2011- cerned about the outflow of dollars and US gold. Imports are paid with dollers remitted to foreigners.
In the three months period
some comparisons beginning on June 1, Imports of from a fact-filed
general merchandise reached an leading firm
survey by a
of City stock-annual rate of $38,180,000,000. up 12 per cent from the rate in the preceding three months, the Department said.
brokers.
Volkswagen yearly sales per employee £5,160; Peugeot yearly sales per employee
Economista belleve the in- £4,000; Furd yearly sales per crease was caused by the strong employce £1,800; BMC yearly business upturn in the United Moles
£4,600; States. рег employee
The upturn quickened Citroen £4,000: Renault manufacturers' dermond for
£3,820; Flat £3,340.
foreign raw materials and semi- Unfortunately
Anished items. these
figures
Il not cover the big continental! plants owned by elther Amerl- can Ford or General Motors.
What their European showing is on a similar basis there 15 apparently no means of know- Ing.
But Heltain is certainly not #i the bolton of the Fixt Some famous names are well behind it in this league table.
Tals does not mean of course that motor shares are back in the clear. The squeeze at home and the possibilty ol over- expansion arc factors 10 borne in mind.
be
Also it is pretty evident that competition ts going to be Lough.
But there is no reason to throw in the towel before the contest starts.
Shyest millionaire
Who ly Britain's shyest millionaire? Sir John Ellerman,
shipowner has had that distinc-
tlon for years.
But now he has a rival. Equally clusive and just us shy is Mr Maurice Wohl who at 44 has bull up a property "empire" which today is shown to be worth £10,800,000.
This revelation is made in connection with a Arst-ever eller of shares to investors in his United Real Property Trust.
Narrowing
World
rubber market
Now York, Oct. 11.
Rox rubber futures today closed unchanged to two points higher with sales of
two contracts.
Standard rubber intures closed six lower to live points higher with sales of three con- track
Stall terminal sales are re- ported to be conducted between dealers, and lacked a significant
fenture.
Meanwhile, commercial CX- ports in the June-August period rose slightly to on annual rate of $19,804,000,000,
Consumer Interest in the doll- The surplus of exports over vered market remained hat.
has been imports
narrowing Dealers said the consumer de- since the first three months of
mand has been "lacking and is
1861 when it reached the ex-diminishing." Shipment offerings ceptionally high annual rate of were reported light and gencral- $0.000 million.
ly too
high-priced to intergat The Kennedy Administration focal buyers Brokers reported hopes for big export surpluses Thailand offerings of four sheels to offset other dolinr spending at 274 cents a pound, October- overseas such as private invest- November cost and freight. Un- ment, foreign aid and tourist confrmed and rumoured Indo- travel-UPI.
nelan sales of 50,000 tons to Russla nitracted iceal interest.
Lotally. No. 1 Rsa was quoted 30 ceals and current month 201⁄2 vents a pound, both nominut.
Exchange rates
Buriness was done in the local unoflein exchande market thin morning at the following rates:-
US dollar (per $1) Sterling notes per £1 Australian hates (per Japanese yen (per 1005 Cambodia riet (per 100.... French new trane taer .. Brazilian cruzeiro (per 100 Argentine peso (per 100% Kotean hawn (per 1,000). Jalan Jira (per 1,9001 Chinese Tatwan yuan (per 10 (per 1)
Burmese Kyal (per 10) Pakistan rupee (per 101
The prospectus proofer spon- | Thai baht (her 107) sored by bankers Philip Hill sels aut facts about his property Interests in coldly terins,
pathen iner 1)
formalian krone (per
But Mr Wohl is staying rezolutely in the background,
A high wall of reserve rounds him.
sur-
A business associate tells me "No one can really claim know Maurice Wohl very well,
"He is a bachelor and lives in small flat in the Knightsbridge district with a dally help to look after him.
"You would never guess that hr is so wealthy.
"I only car
is an old Humber which you would not | look at twice,"
That in about as close as you can get to Mr Maurice Wohl, newest multi-millionaire of the property world.
Apparently he does not care jot for any of the usual trappings of the very rich..
Small talk
Social amall-talk bores him. He is only interested la pro- perty,
But he prefers to laten to other people talking aboul than to talk himself.
He is
It
described as "hand- some" and "p deep thinker whose head is always full of
new ideas,"
He look ble header in the properly business someo 10 years ago and has been helping To change the face of Lotidon ever since,
Unul this week few people mutalilo the small business asocintes
band of
hack
.over
lieard of Maurice Wobl
Now the City to talking about lm,
The offer of 5/- shares af 10/- each in his United Krai Property Trust looks like being
big success.
50
despite Jila shyness 331 taiyaer | Maurice Wahi may not be able much the spotlight
Express
2 tryers to avold
1 yar longer. London
2.66 buyers
Service,
Phlippine peso (per 1) .... Singapore Straits per 11 swiss franc (per Netherlands guilders (per West German D-mark (per 1) Cubun peso (ver 2)........
5.000
15.04
12.52
1.51
51,50
1,13
100
In London, the rubber market was quiet but steady with spot quoted at 24-11/10. No. 1 s spot 245/8 2474.
rubber
In
Amsterdam, the market was dull today-UPI.
Agreed merchant
rates
Swiss Franes maximuni gell-
UNIT TRUSTS
0,20
3.33
Ing 73-7/18.
143
23.72
0.92
722
0.004
1.05
138
First Hongkong Fund:
$1.08
1.70
(buyer) $1.16 (seller) Special
1.31
offer sciler price $1.14.
37
6.40
cents (buyer) 83 cents (seller).
Second Hongkong Fund;
This huge spanner is not for training heavy athletes. It la pue of the tools tend at the Lufthansa elation In Dussal- Gort. This “Goliath” among the tools has only one finationt. it ly for tightening the bolts on the undörestélago of Super- Constellation planer. This big spanner, must be included in even the smallest neroplanë répalé nhỏjf. All the name, no ang has yet found a set of overalls with a pocket, Turge enought to enable a man to carry the spanner shans, with Bim all the time,
(