Page Z
THE CHINA MAIL, WEDNESDAY," NOVEMBER 1, 1961.
Selective buying of New London Stock
York stocks
New York, Oct. 31. Stocks scored an irregular gain on moderate turnover today. Buying was selective and based largely on specific corporate developments.
Union Carbide, International Harvester, Procter and Gamble and Eastman Kodak with gains of at least a point gave the Dow-Jones Indus- trial Average good support.
A point goin in Chrysler Catgate Palmolive releted a surprise new labar Columbia Carbon
Unite, lambda Pretuper contract offer from the
Cimbustion Engineering Auto Workers which reportedly munereal Credit
nude ador coners duus. Hopes Commonweath Edison
Continental Cart for a peaceful settlement pig solidated Eaton duced fractional gains in beri Postinents. Unl cars and steel where rose around two in a dividend
Locsist.
Caring Clea
Lakes
rare Cu........ trewn Zeiterjach
Dave Corp.
Deer and Co.
Cities weakened inte in the Delaware and Hudson session.
Ditzond Nat. Com Distiflers-Seagans
Today's volume was 3.360,000 Dugs Aircraft
shares.
Of a total 1,287 issites trailed, 598 were higher and 430 lower. American Exchange volume
was 1,450,000 shares.
Bonds volume amounted to $5,2+0,000.
Dow Jones Closing Averages
were
30 Industrial
26 Rails
15 N
65 Stocks
40 Bonds
Comm. future ptice
ה:
Closing prices
AUF Ind
Air Rodr₤1
Aldens the
Ailled Chal
Allied Mis
Atle Chalmers
Alum 1
Alum Cat Amer
Amer Miboos..
Aner Make Str
Amer Cysamia
Amer Cable and Ratio
Ainer Flee Pow
Amer at Pune Pow
Amer Mach, and rug Ars Melai Camas
Auer Nat Gas Aner Phetaungs Amer Setok Amer Sugar
Amer
Tel
and Tel
Amer Tobates
Amper
Anaconda
Armco
Haw Khoz
Boring Airplime Borden
Berman Foods
Burroughs Corp
Calf Packing
Campbell Sup
Yesterday's Closing
COMMODITY PRICES
FOREIGN EXCHANGE
NEW YORK
Closing rates; Cinada
England officiel
10-60yx
New Zealand
Others unchanges.
LONDON
Closing rates;
477
411%
312%
NOT
New York
2214
Montreal
ICT
Amsterdam
47
run
505
Frankfu
47!
Lisbon
F
5014 Paria
Stockhubu
JO
MBAN
441%
Vienna
Zurich
Dow Chemical Bremer
70%
Dupont de Nemours
30%
2124
Inkl.
Dugtree fight
Eastern Atelinen Eartina Kodule
E PERO Nat. Gas
**
2.8150
L
2.R050
9.81-7/98-281-9/18| 14.90-13/18-2.10-15/30
10.37-10.371 11.2074-11.284 10.17.80.27 20.034-20.03.
13 03.13.837
14.245-24.541% 1746-1740 22.67-72.70 12.30-12.1834.
METALS
NEW YORK
والله الله
Oct./Dec.
Jan./Mar.
Capződte
July/tepl
Oct/Dec.
Nov.
Dac.
23-1 2311231
235-23 General marketa, dif. hard, poITY: 274.241. 23-22
Write prope
thin Nov
thick Nov.
AMSTERDAM
Closing prices all in guilders per kilogram, elf. Nov.
Nu. rubber
No. 2 rubber
Mo. rubber
Ku. 1 crepe
2.07 vein 2.00 buyer 201 Busera
235 buyera
COTTON
NEW YORK
Closing prices all in cents per lb.:
Spot
Dec.
Mar.
MAY
July
Oci.
Dec.
305.
Market closes firm
Stocks overcame
London, Oct. 31.
a cautious start and finished
firm today under selective small-scale buying in the absence of selling pressure. Market lenders scored a spread of gains but Courtaulds run against the trend and icat nearly 2 shillings to 29/9. Im- perlai tobacco shaded but most other top rankers edged on to high ground.
Sturts met demand, and steel stocks, engin sting, motors im. proved. Bowaters were strong in papers. Shipping counters were Juil.
Investment
helped buying coppers into higher ground but were hesitant al- gold mines though ending higher on balance, this moved narrowly and were irregular at the close diamonds gave ground.
Banking and Insurance coun- ters moved higher, Hongkong adding Shanghal Bank £3/8th to 210 7/8ths.
35.65 nomr
34.03
33.31
133.71
and
33.19
35.10
25.43
NEW ORLEANS
Closing prices all in cents per UPI.
Closing prices
British Government Securities
Consolidated-39
Conversion-52
32, Saving 1055/05-90-21/32.
Savings 16570-E04
3 Sayings 1905/75-272.
War Loan-02-7/16.
Oyeraras Bonde
German Dawer-LB3.
5 Japanese. Assenled£152.
Banks & Inasiganew
elיז
HONGKONG
STOCK EXCHANGE
Our Own Correspondent
Business done on the Bung- Stock Exchange this kong morning amounted to approxi- mately $2,440,000. Noon" quota- morning's and Lluns transactions:
SDATES HX Bank.
the
Buyers Sellers
JEU 332
Bales
2) 3 143335 200 on 232 10354
100332 406 330
100.. 333
RANSPORTATION
Big use of foreign
ships for U.S. trade deplored
New York, Oct. 31.
The President of the United States Linos, Mr William Rand, said here today it was "shameful" that nearly 70 por cent of American trade was shipped in vessels of other nations.
In a speech prepared for de- livery at the National Foreign
Trade Convention, herald tin: 10,000 reconditioned
this had prevented the growth
of the US merchant fleet, and acted as a drain
the coun
try's balance of payments.
He also said that a strong US marine waN needed merchant
before
ад
12,40 "counter-weapon in the ecund-
100 12 123
as part of its
has
Fro- Broume seeking world domina-
tion."
Pinerton retrie
kindly Mintance
Ferro Corp
Flared J'aper
2042
Renewed selung depressed rabbers while teas held steady.
Filtrol Corp.
Fireston Tyre
Closing prices all in cents per
1b.:
Ford Motor
Ab.:
703.83
General Dynwnl
274
Spot
Allied
148.12
General Electric
130.07
Generi Fo d
Lead
Zinc
0.77
Dez
Nar.
9.04
Mar.
Lombard
K&FE Jav.
75 4 41
Inv. 0.30
100 9.20
125 12.00
10.31
142.50 feneral M
General Instruments
May
Wheelock
Noc
Jully
35.31
12.60 32.78
1000+ 19.70
more than
ever
Copper Del.
D.I
84.08 Gen Pub.
Del.
33.15
3
(New)
12.40
12
1000
Nov.
15.24
HK Dock
122
mic war
Gen Tri and Fire.
Dee.
2967
Gen Tyre and Rubber
Mar
150 123 -
which Russia
Jan.
2007
147.97
Getty Ol
LIVERPOOL
200
+124
Inunched
Atar
Gidilen Co
May
Gate 413F)
July
Great Northern ty
American Contract
Closing prices all in pence per Hs.:
3
Talkoo
GG
1000 or DM
1930 63
100 2815
3000 05
Gruman Aircraft
Dec.
24.00
56z
Gulf Oil
Mar
25 30
Barclays Ord-
d.
Irovident HK Hotel
Ja
5100) --- 30
40%
Harmon Organ
per long ton.:
24.50
Heine
July
23.43
Chartered Bank-404 3d.
Hoyder Newport Chem
Buyers Seliers
Guardian Auraneo-15 34.
11 Land.
70 2019
201
Baton Hotels
Tin
Oef
24,50
ilongkong Bank-101.
Honestake Mining
Aput
Dec.
24.50
9535
18315
Landel Trusts.
Mixed Contract
Lloyds Bank-do
271,
1 fri
Copper
24.63
and
Spot
Mar,
26.10
National &
Lenibard Banking Ord.-13 3d,
Locri P&P
1254 | Inland Sterl
3-month
22012
May
20.60
111
Lead
July
23.20
Royal Bank of Canada-
Prudential. A £23-27/32.
HIS Realty
Interchemical Corp
44
tushers Machines
Sput
*
72% Fint) Harvek
3-month
Oct. Dec.
24.90
24.00
on
Zine
UPL
Int! Nickel
1. Paper
Spol
-ກາການ
Ord-11.
RC
4
Goodyear Tyre
im ref and Tel
Jurer und Laughlin Kalker Alun
Kan Pwr at Light Kennecott Cupper"
Kern Custry Land
Kimberly-Clark
Rep Pauer
Liggett and Myers
Link Best
23 faly Tulp
Life ind.
10%! Luckheed Aircraft
Lone Star Cement
Coriard P
473
+
Melfunnet Alteraft
26 Methany 19H
1211454
2650
LONDON
Closing prices, all in sterling
J-month
RUBBER
204
Rubber futures closing prices,
SUGAR
300 l 402
500 41 1400 to 692 100046914
4336914 EQO TO 600 30 29.03
30
2 2.3
IK Tram
KM Bus
30 3812
75 11%
Yaumati
115
117
Ch. Light
IIK
36 3814
Electric
28 3814
NEW YORK
Closing prices, all in cents per
Royal Insurance Ord. 23.
British Petroleum-42s. Burmah O11-31a.
Shell Tra=Q=31+
Royal
Ultramar Company-27 15,d,
Steels Engineering Babcock Wilcox Ord-te dd. Colviller Ocd51 3d.
Dorman, Long-25 34. Guest, Keen Ord-70 RG. Harland & Wolf Ord-16s Gd. Steel Co, of Wales--afs 61.
& Lloyds Ordin (d. Steamers & Sour Ord-435. Tube Investments--dia. United Slee!-418 3d. Vickers. Ord-201.
Electric
Assoc. Elec. Industries-309 34. Astor, Television "A" Ord-23s. Drit. Electronle Ind.10 1. Brit. Las. Callender Ord-55% 100. Elec, & Mus. Industries-30 34. English Flectric Urd-208 30. General Electric Ord-234. Philips Brd 204 10
Works-C10-31/32. Redifusion
Industriali
Telephone
Old... (New)
lightal
200
2.60
2.30
5000 2.275 5000 m 2,273 130002.30 1200 30 100030114
1060 73
THE 73
00 73 100 73
100 73
ja 120 7000
2310304 100938
1500 - 3814 209 210 100G 302 5003814
13 434
18.30 101
0:0
0 or 43%
4
Mr Rand
said that British vessels carried 70 per cent of Japanese Beltish trade. while
and French ships carried more than 60 per cent of the trude of their respective countries.
Norweglan vessels alone, be added, carried more US, goods than all American flag ships put together.
Mr and said: "When you pay for foreign flag trans-
you export portation, dollars. When 70 per cent of American commerce Is ship- ped by foreign flag, money is in effect, being exported and added to our foreign trade deßelt."
engines a year
London, Oct. 31. About 10,000 reconditioned engines a year nearly four
the 1945 times figure are now being produced under o Par- petuity Plan by the British diesel engine firm, Por- kins Ltd.
A company that many countries ur terri- tories abroad have found it
spokesman says
Africa,
Ghana,
cheaper to arder Perpetulty en- gines direct from Peterborough. These include Jamaica, Canada, Algeria, Finland, Sweden, Nur- way, Nigeria, South Malaya, Mozambique, Iraq, Bahrein, France, Elce, Morocco, the Italy, Germany, U.S.
Caribbean and the Congo.
The firm guarantee that all Perpetully unlts are built to expeting engineering standard and engines are rigorously test- ed before leaving the factory. All fuel injection equipment is completely overhauled in special department.
engines Replacement maintained in stock in the home plant and in distributors pre- mines abroad. Shmiler Perpetulty schemes for Pericina engines are operated in Australia, India and
distant
ferrl- other tories.-LPS.
He said that if more goods were shipped in American ves- the resulting revenue sels, would enable the subsidised lines to improve and expand their service, and enable the large government to recoup 21.60 part of their subsidy it pays to 300 210 help support the shipping
In
"Beyond that, it would benefit
44 4 101 1318.40 2004 10.40
50 10
Armour
Ib.:
Atlas Cons Mining
NEW YORK
Contract No. 3 (world)
Baldwin-Lima-Ramikor
Bath from Worts
53
Mar.
Reectorat Life Saver
123
Bendix Corp
612
Beneficiat Finance
30
Mallory Pa
Lowenstein M and Šime"
all in cents per ib.:
May
Nov.
Mas J. w
Jan.
REX 21.75
27.53
Standard
July
27.15
sett.
Oct.
27.40
Benguet Cann
Meberett
Mas.
27.10
Spet--(World Average)
Beth Steel
42
May
77.20
Total Sales: 24 contracts
July
27,20
Open interest: 875 contructs
HK Go
... 21.70 21.03 3000
4
Merc
Sept.
27.13
Contract No. 7 (demestic)
MGM
Nov.
Mor
50%
Minesota Mining
27.10
Miring Dr
LONDON
Μου
Cilman
4.323
4.33
4000
July
0.35
MK on evetopmnest
'Closing prices all in pence per
Set
1221
Meal TrOS
15.:
Spol (Bulk, duty paid!
0.24
2000
500 21.0) 4000 433
4.373 34.03
325
dustry.
6.30
Canadian Breweries
Munte Cheisles)
Canadian Pacific
Montecatini 241.
23
Total Bales: 52 contracts
Open Interest: $5 contracte
Assoc. Portland Cement-40s 450. Boardman Marden Ord-34 750.
Jardines ... 24.70 24.03
LED
a150
Carner Corp...
41
Montgomery Ward
Borax (Holding)-1 94.
-UPI
Cure (31) Cu
Motorola
Caterpillar Tractor
77
National Beli
Celanese Curp
32
National Crah Legister
Chrysler Cor
Cherapeake and Olito
3015
Netical Dairy
53%
National Load
CP Financial
National Steel
13
New York Central
1122
Cluett Pealty
Coca Cola
New York
sugar market
New York, Oct. 31. World No 8 sugar futures
today closed unchanged to
Nufold and Western
North Amer Aviation
Northwest Atrines
Oklahoma Not Gon Oil Matitleson Chrus Of Elevator
Owen Tinola Glass Oxford Poper Pacife Gio
and T Airways Paramount times Parke Davis Pennal Chem Penny J. C.
Pepsi-Cola Pazer. Charles Pilla
Philip Marr
Pitsbury Flour
Pitney Bowte Pittsburgh Protor and Gamble Pucker Ind.
Pullman
Pure Ol...
Radiu Corp (Cm)
three points lower with ads Corp Pret
sales of 14 contracts.
Domestic No, 7 sugar closed unchanged to dve points lower with sales of 32 contracts,
Raythena
Republie Stee!
Revion
Rexall
ayolds Metals Reynokls Tolneco Threm Miy Royal Butch Saleway Stores St. Hvis Paper Seneney Inds. Scott Paper Bears Horbuck Still On Sheraton Corp. Siegler Cerja.
The market continued to drift 1stlessly while traders availed some new major developments.
Business in domestic spol sugar was reported at a practical standstill. Holders were not Siacinir
pressing for sale and refiners, Smith, Kitne and French were equally disposed to mark Sucony time.
World spot sugor
firmed at
Bouls Puerta Bieb Southern Co. Southern Net Gas London, but there were no re- Fouthern Pacific
In world Southern Railway
ports of business
actuals-UPI.
AMERICAN
STOCKS & COMMUNITIES
WHEN
WHEN DUY
TECHNICAL
ANALYSIS
On Stock Trends
Romarch Dayt
PERENNIAL TRADING CORP.
010-818 Edinasingh House Ron Koni Teli Kipas, zi
Sperry Hand
Square D ...... Sund Brande Standard Oil (Cait) Sturtard Off (Ind) Standard ON (NJ) Sterling Orig Blokeley Van Camp Stone, d Webster Studebaker Packard Sunshine Mining Swift and Co. ... Tenn. Gas Trans Texaco .......... Texas Instruments Textron ine. Thickol Chem Tidewater Ou
20th Cont.-FUX Tinion Carbide Unton Oi Union Prefe thilfed Airumti
United Arušt
Vetted Gas COTS
VR. GypsumÝ US. Rubber U.B. Mening
US
US. Steel TC bro
Jivera Match
Upjohn Caro
Walker. Gram Walworth Co. Warner Bros Warnar-Larnhart Waukesha Moters Western Union Weigle Air trake Westans Electriv Winn-Dixie Stores Woolwortti Zenith Radio
13%
No. 1 Rs sport .......... Settlement house term:
New York
York U.N. MINERAL
cotton market
а
New York, Oct. 31. Colton futures today soften- od after a steady start, backing off under moderato Increase in hedge selling, although overall activity was still an the slow side.
SURVEY IN
S.E. ASIA
United Nations, Oct. 31. The United Notions today announced an agreement to promote minoral survoys in the lower Mekong River basin of Southeast Asia to determine the feasibility of setting up new indus trien.
nam.
Final prices ruled eignt Prospecting will take place point lower to Ave points mainly in Laos and Thailand, higher. The market opened off but ensuing developments may Ive to up stven points. New affect the entire area, which also Orleans, closed off four to eight includes Cambodia and Viel- 312 points,
The industries envisaged Increased offerings in the would be based on resources afternoon session pointed up known to exist in the region, the sharp increase in southerns including coal, iron, manganese market spot sales, phus the and salt. Work on the surveys continued
favourable стор Is expected to start before the news. With inst reports end of the year. Indicating picking and glosing
-3016
to be moving along at a rapid
pace,
The UN. special fund. has allocated $474,300 for the two- year project, to provide perts and equipment. The remaining cost, equivalent to
EX-
Sales of opet cotton at this: 14 southern markets totalled 100,- $191,040, will be borne by the 070 bales on Monday, the highest governments of Laos and That- total for the season thus far. land. The United Nallons will Some traders thought impound-be the executing agency.-UPI. 4%ings under the Government
would
rise
Ican programme sharply this week in the wake
of heavy innings.
Some commission house buy-
tellvery ing In the December was credited partly to textile mill accounts. Some December contracts olan were
for May.
&
Exchange rates
Duinens was duste exchanged
uroriicial exchange market inorring at the following rates:
in the
locat this
4.070
10,10
The end-October cotton parity | US dollars (per #1) price, announced today, was re- Sterling notes (per 21)
Australian mates iper £1) .... 32.45 parted at 38.83 cents a pound,
Japañose yon (per 1001 unchanged from September, but | Cambodia flei (per (20)
to 40 points from a year agoTech new franc (per 1) .. uri.
Agreed merchant
rates
Coundian dollar,
3.00
34,
Beces Records Ord-30s 9d. Dunlop Rubber Ord-20s.
Fions Ord-348 101ąd.
Gilman (talings) Ord-On 3a. International Computerss Da. London Brick Ord-80s bd. Turner & Newall Ord-30s 7.
Unilever Ord-40.
Wiggins Teppe Ord-Bis pd.
Chemicals
Imperial Chemicals Ord-01a Ca. Monsanto Chemicals Ord-36 31. Cena & Trievision Asoc. Brit.
Buni o
Ord-31.
Stoll Theatres-On 30.
Paper Rowater Puper Ords 3d. De La Rue Ord-1s.
Freed (Albert E Ord-11, Spicers Ord-40 7.
Tobacco
British-Amer. Toli. Ord-286 $0. Carreras " Ord-So 101ja. Imperial Toliaceo Ord-Gas Dd.
Motocr Brita Motor Ors-136 41. Hawker Sidde cy
10144. Jaguar Core Did Fa—20€ & Rolls-Royce Ord-30s ta. Westland Aircraft-16# 130,
Bradford Dyonaises..
Calico Printers' Ord~128 4350. Conta (JP! Paton & Baldwin-418
Courtaulds Ord-20s 10d.
Fine Spinner Ord-273. Lancashire Cotton Ord-401.
Breweries
Dalers Co. Ord.--37% 3. Gultness (Arthur) Ord--519 Oct. Ind Coope Ord-145 430.
Atara
Great Universal Ord-anod, Great Universal "A" Ord-484 BO, House of Fraser Ord-35 d. Lelulgs Extract-1 1d. Lyons (J) A Orddis
Marks & Spencer ord.
Tate & Lyfe Ord-4ta Ad United Drapery Ord-161 3d. Woolworth (W.) Drd-51 100.
Biscellaneou
Bowmaker Ord-13 d.
Ant. Commonwent ship. Ord.-30 201şd.
Canadian Pacife Ord--#42. Cunard Bleamship Ord-13 dd. Forestal Land Timber-10 IDid. Furness Withy Ord-330 1435. ifonghengt
Hudson Bay
Gos-130.
Indo-Chine Def. Ord-10s 6d. Land Securities Ord--27
2. O. Steam Nus, Detais. Channel Tunzel-301.
Miner Angle American Corp.
BA-130
Brit, South Africa Co-On Dct.
Investment-sen pd. Consolidated in Or
De Boots Def-138 10148. London Tin Corp.-10.
Mount len-034.
Poieling Tin-10.
4.4.
President Pro-Amery, Ord-13
Thonetan
Rand Helection—is lotid,
Ord-630
Rhodestan Selection Trusi-8.
Bonn Antelope Cepper-d.
Union
› Trust Ord## ad.
1.00
thodesian Anglo-Amer.
9.20
20.
LIN
Brazilian cruzeiro (per 100)
Hokana Corp-475,
Argentine peso iper 100).
4.20
Ilo Tinte (Fearer)-301
Korea hwan (per 1000) Kalish lira (per 1000)
4.00
0.43
Ralect Dorporation-
1.20
Watkom do Mining-177
11/1
Thal bant (per 100) Burmese Kyat (per 10) Pakistan rupee (per in)
2000
10th
Western tolding-110 1916#.
.....
0,314
1.34
Anglo IndoneMary Plantede dd.
1 no
Chinese JMP (per 1) Talwan yen (per 100)
1.90 maximum
pelling 10-1/10, minkmam buy ing 18-0/10 TT; 18-3/8 OD.
West German Deutschemarks, maximum selling 09-9/4.
Macho painen (per 1) Norwegian krone (per 101. Philippine
pase (per 1 Bingapore Straits (per si Awie trane (per 1). Netherlands quilters (per 1 Want Gerbian D-Mark (per i Cuban peso (par 1)
West and Investment Truel-en
Bouthern Malayan Kip-300.
Rubber & Teas
Ceyton Ten Ord-19.
Imperial Tea Ord-10 0. Kunip Lumpur Kepong 71Ld. Lambak Rubber 19
G.L. Cemettl 011
l segments of the American 21.00 1erchant marine and allied in- 21.50 eustries with inercased employ- 600 24.80 2007 200 meal
150 21.00❘ revenue,"
300 or 24.0 Reuter.
24,60
359%
Dotry
Watron
Textile
Nanyang
47
12.03
1000 0.35
A Rubber 5.15
A. Trust XD
City Hall
ול.
400 30% Hiphreys 24.2045 590
39 30 3 Lane, Craw. Int' inv...
36
24.30
1 or 121 122 12.00
UNIT TRUSTS
First Hongkong Fund, ex dividend: $1.13 (buyer) $1.21 (seller),
and increased
Mr Rand sald
fax
overseas
A
are
one-man recovery
unit for cars
London, Oct. 31.
recovery
U.K. yard to build A new breakdown
80,000-ton tanker
London, Oct. 31. Norway has ordered tho biggest tanker to be built In Britain.
•
unit, which enables damaged cor to bo
one brought in by
man and which does not need to be mounted normal breakdown vehicle,
on
has been produced by a United Kingdom firm.
It will be of 80,000 tons dead- Combining the functions of weight and will be built by both a crane and an coibulance, Sen the Joseph L. Thompson and
unit in mounted on two on the River Wear at Sunder-small wheels with a jacking de- is for the vice running over a bipod. The (buyer) 5 land. The vessel
damaged vehicle is picked Fred Disen Company of Oslo.
Second Hongkong Fund, ex dividend: 18 cents cents (seller).
U
Called the Tow-Boy. It can be
bny
An Income distribution of The seel will be laid early by a sling. $1.49 per 100 units will be made next year and the Burmeister on December, 15 to registered Wain diesel type machinery wit used in conjunction with
the Second i be built by farland and Wolff vehicle, as a towing medium, unit-holders of Hongkong Fund as on October at Belfast, Northern Ireland.—| including cars or light vans -
31.
LPS.
LPS.
Picture shown work in progress on the Vickers VA-2 hover-ferry, which will be on market by next spring. It will carry 24 passengers, hag a crew of two, and a maxi- mum speed of 70 miles an hour. Vickers fest pilot, Leslie Colquhonn saldı. “It should-be ** aid drive sa`a`etr”: The_VA-3 will liave only an ignition swlich, starter 'bulton, sooelerator, two foot Drakow" and a novel type of double-ring steering wheel as controls, The men at Viskers Armstrong (Bmuth Marsion) Lid works as South Ätereson get on with the job big, export males are expected.—Express Photo..