1
THE CHINA MAIL, THURSDAY, NOVEMBER 16, 1961.
WORLD SHARE MARKETS China Lights, Wheelocks CHANCELLOR LLOYD! Market closes
BUCKS UP SHARES
Both industrial stocks and gilt-edged moved up after a
at peak levels
cautious stort yesterday and the list finished generally Stocks closed in record high ground yesterday, despite a higher.
LONDON
A junchime speech by Chancellor
of Ex sequer.
Selwyn Lock eftersa gresk foteli
and si greuge rue, divisio
Elevizical e
and dentrones we door de to byphoo
shipping
breweries and Boating Fundet
Pret
Companies
Jakeis
from a switch to arcunul ccanog by vaudent Avery
Six
Mailinge
wutical
וון. ןייד
Sullings
Bich
Bugly Portland Seat you do!
The starliv
Gold wom
Stel .:է:
LIFELESS
<l
וי .. : : י:
*
...
"
C'oppers slayed qune fot moved mile hagher gouni
The ship in quarterly
Counter 3 16
Jur
#1 wher
use! maily
Shek are
lugher at J45 0
Peraga tud worde Hublun
71HIVAT
www
.
Closing prices
GOVT SEOS
2, 59 16
22
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ANGI
Victor.
94-FZ8
SEAS
Dr. Auskulta
5:
ETEM
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AFFELN
ENGINEERING
YOU
Hel
ZINDAKAN
PAPER
why
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Couchofris 3:42
22.
50-
wave of afternoon profit-taking which cut deeply into big early gains.
U
i
Am
Adult
و انواع الله
Great North. 45
36 1
Trading continued to be heavy Su/435) with total sales coming close to
1 ve mallen share mark high speen bekers lugend Tre hund the bading Boor from une
Blue chips took the brunt of The inte selling, as point-sized Pams
vinmonted wire Sumber of early favourites
Bastman Kodak and
Can Telephone dropped about a propal Chrysler early 2 and Ford 3. whule Sears Roebuck and Woodworth held big guns 12 strong store secher where reword Christmas sales are
ex- pected.
HESITANT
Steel shares were arow and hesttan, apparently
the Acakness
boyses tangng up do Ave pools appeared mnanid!ul of cle trones laut Beative
comed most of their gas
thi stacks generally
of tracho
In point. alem Amerada which
removermi a sarall yesterday
21 The face est gewer thure smartca profila
Toy Viimas WP 46604KMI
of a total 1,326 shares traded
bra week Eagles and 59; down
American
Exchange
* 1.670 000 shares.
El P$20
Enarson M Family Fim Form Corp Pleboard P. 30
Filtrel Corp 25 Prestone
Food Motor 110 ten Dynam 224 Gen Elee 7
Gen Foods 105%
Gen Instr 32 Gen Motors 52
Gen Pub UI MA
Bus M th: Hays
Bonda volume amoacted to Barton $4.980.000.
Publieke: Pullma
Pure O
Rhod Angiu.
ر دیا
*
Is a Spl 43 N
Soni
14 Them
41.00
Room Ai
4/11
imon
Coru
54/E
Welk
14/0
West Roxd
50/-
Www Bok
1207
South Mal
337-
RUBBER & FRAN
Arghe forker
Bevan Bea
16/6
ភ្នំ - 1
כויי ::
.it
Nat Gas
South Pac
Sout: Rarit SK Sperry Rand 23
active
There was again heavy dealings in China Light shares on the Hongkong Stock Exchange this morning and more than 21,000 shares changed hands during the morning session.
HONGKONG
212 $
Fler
1
Prices Bucidated 11: for manage
a dollar and after opening at
$40% closed 25 is down
The scents
to be no parti- malar Tenson for the heavy trade These shares in recent days and unless speculators are hoping
favourable agreement with Government on the future of the electric companies
1500 45
New 42'1
3000 - 12 40 Cine
250012341
3000 12.40 Gule 9000 12.40
BMC pick up
speed - and
big orders
By Alexander Thomson
Birmingham.
$38 after am in this bustling city, where "prestige" office blocks seem to be going up every-
Another share which sold Jarge lots today was Wheelocks, More than 20,000 changed lands
121 32 8219oad the pries han $12.50
4:75 4 275
500 421
125 m2 EWO 524 50 >24 79 109 1 126
1542470 0125
Taikoo Tri1y mily
BG1
SC 10
20
$12 40
The market generally
was
| Hittle emmer this morning on a kwer turnover -$29 2000 34 60 slightly 1000 24.6 million as against $3.57 milion Cement bo&* s7in yesterday's half session
In the lilly section, Phones, Trams and KMB shoved slighi felis.
In
thr
morning to $24.60.
On the
fact-
where, for the first stage of a finding tour of British industry. Outwardly, Birmingham is the same as
Woolworths have what is surely their biggest store here.
And other
ever.
ex-
of this year and the chain store world vle with ported 484,000 or roughly 48 per each
famous names in months
and
ret
Over the same British
size
for other opulence.
In this part of the Midlands of course, is on the emphasis. section. | commercial Ewa dropped 10 cents
with motor- light engineering
predomination influence. cars the
So I drove out the other day to works of the British Motor 2150 million
Austin and Corporation. The
what Ree Morris combine, to the mood was there.
Cements, after rising to $661z ! yesterday, picked up another 50 the Longbridge 500 $4
rents this morning.
2400 $125
70055
But T 10 45 25.70
Fanp
Bout
Const
งา
Hongkong and Shanghen Bars were dull and easier at $362
COMMON
TESTLIN
Hi Pel Brati
3.
12/417 12/9 Cutter truals 142442
Na To
15
1 and
The Spen
a.l
1
16:17
BREWERTE
NEW YORK"
85xd Dum Nat C40
Distillers
F150R
39/3
Doug Air
35
Ukia Gas 40% Olly Math 44% Otis El
78 Owen G. B Oxford Pap
Duchess
5478
Dow Chemn
757
Por Can
防小號
Trat Cimpe
14/0
Dresser
Pac T
STOKES
Hiver
14
Luscles Gussier A
Ho
Dupont
250
Panat
106 T 4b
201
This morning's quotati prices were:--
ten
a
Duquesne
321.
Paramirink
SH
HK BK 6302 5304
60
362
Eastern A
Parke D
360 362
Kakk
1104
Pennsali
14
1:39 4 500 391 400 401 150
40'
Stew Food
Pysym
Laans A
37 102 75/3
Penny C
8144
Pepsi-Cola
Б
Any ba $ 40
Reg. 5286 $290
100
40
[HM] in 4)
J
A1 Spor
M
Tak
2
10 19
2) KOTRA
2
Woodwort!
48/9 47/9 53/-
2
Pax, Chas
AR
01
Philco
HK FE
6. 391
Zi!
1:FT
1:21.30 27;
Electries were less active and ¦ quiser] steady (furtumung in the lunge
doilar.
a:
uf
a
Philip M
113
Pills Fluv
2000: 213
Phome
Od
5
い F
NIISCELLAND-
Pitney B
Wien f
€350 Wtock 12 40 12),
700 441
INA Lei
OLS
Pills Piste
$1
XI
1. 12.
2341
Baezaker
1576
Proc Gam
1. Vou
al 1
!
big b
Shop
3'
5/1
figures
1
chunri
44% 00
31
Radio Corp
54
inty Los
4G
Radio
Fr 725
Dek
well
INDISTREATS
P
Found S
14
Raytheor
Citi
Instal
Boundry
Furness W
$$
TIK G
23/
Grn To & El 264 Gen Tyre Celty
Reput Steel S
86%
Hevlon
15%
Beyn Tub
E
Dea
tod
His
J
sudden C'
43%
Kheem Mix
. 1
19 33
20071
Gedrich
Royal Dutch 32
:BF:
dyear
47
15. Safew
54.
35%
500 300
104) 87 12000
327
MINES
Schenley
25%
lk 1420, 941
3490 / 66
41
140.7%
IN A: F :' -
telimon Air 31%
394 Gulf On Hammond Or 33
Scot: Pap
1000 43
124
Sears Roe
Ladi
40
Shell Oil
74 674 130374
Darts
937 371
590372
18/8
were 191/10,
103
owing o motors B
B
7015
Sheratin
Heyden New 20
Hil
Slegice
35
Sine bir
24576 37%
51/9
anestake
49
Smatth. K&F 15%
100 Local PP 130 5307)
Walla 150031) Kelly 2 15 2 175
3500 ... 31%
bai 750 53
Rusuna
22
le
Socoty
47
Rain. P. w
502+
shares 10-
Sth Pito H 23.
ingersal
Southern Cali
600
2.20
lend St
45%
7500
2 15
Text 8 10 15 Ny
showed
terenein
412.
New 12
b12 10 12
59
Trac
baga, t
A Rub
2005
2000 510
53
Fat Minderk
Square D 475
11.00 +1
part of t
1: Power 1&
3x
Stand Brnos 97 Stand Qli
Bus 78% FI
100 77
Jones Laugh 601,
Caut
#22
Her Al
Kans Pwr
32 14 Kennecott 8.5
Indi
45 .
(NJ)
Steal Yog
50 76%
Kein band
31
Stokeley
2.
YR
129
Kamberly
H
Stone Webs
73%
KV Pa
SAP
Let M
106
Studebaker
JW
13-1
Sunshine
1
50
My Pul
Swift Co
42
46.
Tenn Gas
247%
145
Темас
Bockheed
4.53%
Textron
24
Lone St
3.
Throkel
Lorillard
035
Tidewater
141
7344 34
Lowenstein
14
20th Cent
55
201
JP%
5000 to 40% 1000 105. 10) 3
h12
6740.
Macab
36
Ta
15175
Wan Cat 11.
500 10 10
Vibru
H
1
231 43
McDermott
432 Union O
3600 401;
Sa Dock
at net.
84 32
Medion Af
38.
Brion Pac
38
1500 si 4033
Sh Land
b
Even
future price Index
19843
McGraw B
367% Au
431,
139 40
P Tram (0) 15
Merck
Bf:
1 Fref
MGM
FOL
Utd Gay
25 407
jetla pers fok I J2.952.
vran mraded July 31,
chatraum,
US Cyprum 106
Min
75
US Rainh
379.
A1 1114
Lond
As Nee
5022 #3
Burde
Mission Cony 391% Muston Dhey 23
US Smett
US Steel
Fle
Asetari
4፡
73
Allied her dia
Ru: roughs
Alien Mon 42
Car Pack
Mensatio Monterat at
5
Fim Madely
347
Up Join
Alla Com
40
Car Sottr
122
Alan 14
Mont Ward
3
Walker, M
C'un Brew
Alan Che Am J!,
Motor
87
Walworth
2
UPR
$24
An Au
Mut Ri
AR
Warner Bros
85
24
40
An Meme
No Cush
=200
WA-17:1
EXO
45
Case J
A. Ca4
46
Not Dary
Ma
Wnukese
34
aterpili
38
Am Uyan
754
Nat Disil
2534
West Un
42
Celanese
36
A
1 NA
Nat Iwart
924
Wes 115
Alt 2li".
Chesapeake
57
All Pute
301
Umysle:
241
Not Steel
An Ma
NY Cea
18
< 1
1
992
An Metal
96-
Novfodel Weng 107
Ch.11 Pea
200
As Not Gas 30
Firl's
Cova Coin
14
Colgate
Am T
Aenkinters, Now
Art Lob
127 140
Cojom l'al Clane PiS
!..
Ta
Mr
US dollars per $1 407. 38% Staring notes per £1
Australan nutes ver l Japanese yen (per 100, Cambodia riel iper 100 Pench new fruse (per 1
Argentine peso (per 100 | Kuren hwan (per 1000: Taljan (per 1000;
18 78
12.35
149
The Corporation North America had held leading
"For position
8.10
years.
1.13
Right
5 20
4.00
8.05
nese JMP (per 1 Tulwan yuen per 1001 The baht (per 100; Burmese kyat (per 100 Pakistan rupee (per 101 Macku pałacu (per 15 Norwegian krane (per 10; Patlippine peso per 11 Singapore Straits (per 19 Swiss franc (per Netherlands gider West Genman D-Mark" (per 1 Cuba a peso (per 11
047
125
2660
647
427
0.990
7 70
127
LBO
1 31
per 11
1.52
140
0.00
INSURANCE
BANKS A
Share
4
Howe
My tem
17 R
M. Ber
:
יין
ין : י., 4
13.
I woke
Label
HONDS
Pun!
1
HER
11 at
AMERICAN
STOCKS & COMMUNITIES
1, 1.
WHEN
SELL
WHEN
Jug Tes
F! Nepong 278%
Mamlak
و ابا زال
Betei
Rootes' profit slashed
London, No» 16 Tad Beete Melon PEASER!
thr Hangers Vill
T:
good!
2. u 1 four yet
The previous year it was
22 per tal
Reuter,
TECHNICAL
ANALYSIS
On Stock Trends
Research Dogs PERENNIAL TRADING CORP.
U18-818 Edinburgh Hause
Rong Kung
Tel: 24818, 30384
NZ aluminium plant opened
:.....
Old Sp
GIVE HIM
Old Spice
MERRY CHRISTMAS! Say it with Old Spice. The finest men's toiletries a man can own... the personal gift be always meant to buy himself. Choose Old Spice singly or in gift sets.
usicals
voxe
Closing prices
Am Polo
Am Strel 33
Ampo
Amanda
Arsen
dang Aretr
ין
THERE'S MASCULINE FRESHNESS IN
NEW YORK - SHÜLTON - LONDON
27 Sat Ene
رام
Can. Cred .fa
50
fon İdison 1.1
17
Atlas Cons
Cat 03:1
th
13
Palt Obes
Chart GlasG
Init. from
047
Crane Ca
3419
Crown Zel!
52
Berank
Modis
Per Pr
1.2uel
Blow Ke
Cuban Sugar 24,
Dayes Crang
Drvene Cu
33, Duka Hues
Pre-Electric Body Talcum
After Shave & Lather Shaving Cream
After Shave & Body Talcum
Old Spice
Muitory
Miss I w
شهر
Kli
Mesahi Trust 13. 115 St Pi
North Am Av 50 Northwest
Werths E Winn-Dixie Woolwort Zani
UK quota on Taiwan
wovens,
cottons
London, Nov. 15.
a
that.
The Board of Trade an- nounced tonight
# has effective tomorrow established
fur quota woven manufactures, in- cluding cotton fabrios, um- ported from Formosa.
The quota
ทริ established at an annual rate of 12 million square yards.
to
been
Imports from Formosa Britain have risen sharply from virtually nothing in 1959 to ap angal rafe of almost 30 million square yards.
Formosa is not party to the arrangement reached at Geneva last July on in- ternational trade in cotton textiles, nor is she a mem-
ber of GATT (the General Agreement on Tariffs and Trade).---AP.
SUGAR FUTURES
New York, Nov. 15 World no. 9 sugar futures 10- day closed 1 point lower to Wo points higher with sales of 10 contracts.
World no.
8 sugar closed 4 lower to 1 point higher with sales or 24 contracts,
Domestic do. 7 sugar closed unchanged to 2 points higher with sales of 45 contracts.
Traders described the Bitun- tion in futures and in the spot market
as featureless for the
time being.
Spot raw ptices were UD changed. Eiro tenders tonorow for 15,000 tons of European rows, May-Jude shipment, tradé sources reported. UPI
Buyer Seller
UNIT TRUSTS
lat HK 2nd LK, Fund Tund
Thi. Div. $0.91 $0.97
Prices' $1.16 Prices $153
20 - 16:
Jungol 6300 1450
Hamp 125 125 1
1000 20
780139 Metal 7/240 v
Fight » 190",
$94.
1500 * 103,
4200 41
17804
200+ 41
501 235
4500 240
2004
Andy Can)
Star
I craw
1 Inv
Mines
D216 5224
Exchange rates
jene In the local Biness Was
this noticial
market exchange morning at the following rates -
Agreed merchant
MARKET TAKES UK TEXTILES
ав
London, Nov. 15. The European Common Mar. ket has displaced North America the largest outlet for British wool textiles
whole, ac- cording to the National Wool Textile Export Corp.
os a
Forecast
period.
out
firms tarned 502,000 ears and
shipped abroad 179,008, or 36 per cent.” I asked whether this ardent on volume meant that BMC was
pi the
still pressing on with its expan- sion programme, in spite what people say about dulger of over-capacity 'Eased up'
George Harriman
MR GEORGE HARRIMAN, is me in surprise
looked at
I can assure are," he said, "although the foot bas eased up
53-year-old managing dire-thean that we usual as we tor, was as gav as
a bit on the accelerator. walked round part of the plast
"There is no Together.
I did are going to two age
doubt that we have increasing A month 555 not think our outlook was any competition. But we have got thing more than reasonable," be to be ready to meet " told me. "Bu our sales boys His air of surprise turned to
determination have just come up with a fore- one of cast that we shall be selling added: 15,000 ears and trucks a week BMC for the next three months
ניי
have tried every trick know to shake them out of their estinate.. But i have not been able to do so.
If they are right, BMC's
25
Вле
"I see no reason why not do what
should Volkswagen has done."
A the recent
Motor Show,
BMC gained some Impressive orders Harriman American seemed confident of enlarging on them next year.
to
output will be running at the Meantime, he reported that rate
South of 750,000 vehicles & exports
Australla. between now and the Africa, New Zealani, the Argen- year end of Decomber.
tine and Italy were also "going This would go against a total weld."
Trading year of 60,000 in the In July 31, when there was
drop in production from 669.000 for the previous 12 months,
forecasting
"Our current
15
In reverse?
For the present, however, the big factor for the stock market Is the results the group will be announcing very shortly.
Herriman said that the only pointer I can give you
was tight-lipped: said Harriman quietly the today."
about them. But with out- But I am not put down 11 per cent last year, many and earnestly.
out of making a big n cal
It seems obvious that they are There are still too many un-
going
to be sharply in peverse. So what about BMC shares. which have dropped this year
increased
IR the first
it.
from 19s to around 128 607 Harriman smilled at that
of the wool textile in- ! dustry's "twenty" overseas certainties around, what with
the credit their
other markets had
squeeze and purchases
nine things, “ months of the year and trade
To some extent the anticipated with most of the others showed
Improvement
question. in this quarter's SIEDS
of improvement
volume is due to the success of! the Mini cars.
They are now coming off the at the rate of assembly lines
Before week
nex!
The report said "surprising development" has been the con- tinued success of Britain's wool
to the Common 4,000 cloth exports
Ger-
Market other than West
а
The eventual target is for 8,000
a week.
many which already was the Spring Harriman hopes to have the figure up to a weekly 4,750. mdustry's third largest market. The Central Employers Or- gavisation in the industry, the
So the present upturn may Wool Textle Delegation, said
not be so marked in cash terme in Bradford today that output
with a greater proportion of and employment in all major
BMC's output being in the small branches of the industry were
car range. well maintained In the first
But Harriman declared: three quarters of this year.
"Volume 15
of immeuse
to portance The credit squeeze here had
in especially in the maximam not upset employment
overseas selling. It helps Minimum buy-industry and skilled operatives keep prices down. T.T.,
*West 18-18/32 were still urgently needed.-
Germany produced UPI
first six cars in the
rates
Canadian Dollars selling 18-3/32. ing 18-11/32 O.D.
Yesterday's Closing
COMMODITY
FOREIGN
Closing rate :
Canada
England
official
NEW YORK
.98%
2.2154
2.8084
2.8024
30-days
20-days Others unchanged,
LONDON
Closing rates; New York Montreal Amsterdam Brussels Copenhagen. Frankfuri Lisbon Osib Foris Stockholm Milan Vienas Zurich
2,81 7/10-2.01 10/10 2.90 16/10-2.01 1/10 10.3416-10.74%
140.10-140.50
18.38%-19.357 1127-ITZTV"
20.20-80.30
10.0434-20.04% 13.8214-13.0256 14.54-34.55th 174034-1747% 12.00-72.71 12.175-1237
-UPI
METALS
NEW YORK
Closing prices all in cents per
Lead Dee, 9.30; Jan. 9.3.
9708
LONDON
Closing prices, all in sterling
perjong ton.
Ti
spot 182b, 9834; 3-month 909b,
Copper spot 229b, 2291%; 3-month 220b. 23914.
Lead Spot 684b. 38% 3-month 58b. 59745.
The Spot Bat, Obrat
89b, 05-UPI
RUBBER
NEW YORK
3-month
1,005,000
us
PRICES
COTTON
im-
to
"I can say no more than that we are confident about the long- term future," he told me as we walked to my car.
"We've
got be, haven't
we?"
to
New York cotton market
New York, Nov. 15. Relative firmness in nearby deliveries continued to dominate a mixed trade on cotton futures today.
the
In less active dealings, market closed 12 higher to 7 points lower. Opening prices were up to off 1 point. New Orleans closed up 12 to off 7 points.
Commission house buying, joined with short covering end trade demand in keeping pur- plus offerings in old crop months out of the ring.
The New York cotton ex- change service bureau today estimated domestic consumption of all raw cotton In October 740,000 bales, up substantially
NEW YORK Closing prices all in cents from the 887,000 bales reported
[last year.
Mar:
per lb;
pot: 35.es noin: Dec: 34.51; 30 25; May: 35.05; July: 35.30: Oct: 34.10 Dec: 34.15; Mar: 34.30.
NEW ORLEANS
1b:
Closing prices all th cents per
Spot: 33.15; Deu: 14.61: Mar: 18.30 Mey: 25.15: July: 35.40: Det:
Rubber futures closing prices, Dec: 34.20: Mar: 34.40
all in cents per lb.
: Nov, 27.50; Jan. 27.00, Standard Nov 7.40; Jan 27:35: Mar. 24.20 DEGY, 27:15) July, 27.15: Sept, 2716-Nov-21215.
LONDON
Closing prices all in pence per Ib.;
No. 1 Ras pot sak-
wttioment house term.
Jky/Sapt 25%-28329
1-3; Jan/
General àarket dif. basis, porta: Novi er mit Dec, 22-2322, Indi drept thin Nov 20348 hick- Nov 20%. AMSTERDAM
LIVERPOOL Closing prices ali in
per 16:
Daily average use in October at $7,000 bales compared with 83,900 bales in September and 33.300 bales last year.
Consumption for the first 13 weeks of the 1961-62. crop sea- so aproximate 2,278,000 bales against 2,152,009 bales last sea- pence Bo
indicated. the report ¡UPI.
American Contract Dec: 23.85; Mar: 10.20; May: 20.30: July 24.00. Dot: 2007; Dec 21.00. Mixed Contract
Dec: 2420; Mar: 24.95; May: 20.00; July 25.73: Det: 23.00; Doc: 20.00.
SUGAR
UPI.
Closing prices all in guilders
NEW YORK per kilogram, nif. Depth
No. 1 rubber & be rubber
Closing prices," uil in conta rubber 2.02 buyers! Naj
rubber per lb.: 2.00 buyers; No. 1 crepe *.30 buyers.
UPI.
WOOLTOPS Bet
NEW YORK Closing prices, nii in cents per
Zinc. Dev. 10.30 Jan. 10.40.
Dee 101.3-163.0; Mar 150.6-2007: Capper Dou. 29.33: Jatt, 29.83: Mar.
May 117.0-10.5 July 107.0-100.1: 29:217 MAYBE? JOY B9:29; "Ost: | Capt. 100.0×1987) Spot 1000 - nom.
PUPI
Contract No. 8. (world) Mar Mar Midway as
1573.97 Speed World
Opet inferenz 1203 postweta. #Construed Key" (demesilo) Buge={(Bulk) "dar poki:
lotai galeti 48. qotalraoke, saj nat Open Interest), 3,000 contracts.
TIN HOLDS
STEADY
London, Nov.
The tin market was very steady today. Copper allowed a much steadier appearance today with cash Anishing the epsion 14 points higher!"
Lead and zinc were barely steady
In New York, copper Catures today closed 7 to 10 points higher with sales of 175 ton-
Profit-taking whittled part of early moderato quina chinliked VAD
politicni mitumtion les diaw Camaro
•
+