408801
THE CHINA MAIL, THURSDAY, DECEMBER 7, 1961.
Sale_of_planes sets landmark in
Sino-British trade
London, Dec. 6.
China's reported agreement to purchase some Viscount turbo- prop airliners has stimulated public interest here as a land- mark in Sino-British trading relations.
Communist China has not hitherto bought Western aircraft. Twin-piston-
engined Russian Ilyushins are the mainstay of her civil fleet.
J
miscellaneous
The Viscounty have farbristes, cotton yaths and weven
performance speedier higher ceiling than thesar
Hicular Sovie! alterafl
und fibres and other j-textile manufactures.
Brilon sende
Only a few Viscount, are res
involved in the current ported
negotiations with Peking.
bur
new
they would represent and "langubile" form of British
export to China.
Last you Bra Set Chine
goods worth $31.400 000
arct
re-exporta valued at £600,000 and saported from her goods worth £24,900,000
Comparatively small
'The
Hyatt export
hebben og Japan rounded to 5,27,700,000, win & HIY £1,400,0μ of re-exports.
Britain's imports from Japon totulle 22,100,000
These figures are. however, small when compared with Bri- fur tish two-way trade with, instance, the United States and The Commonwealth
گران
some
Countries
non-
piron and steel, and ferrous base metals
Other exports include certain to China 4 types of non-electrical machin- Vaturly of products, including Very, and various kinds of metal wool and animal hair, chemicals work machinery Heuter.
COMMODITY
FOREIGN EXCHANGE
NEW YORK
Closing rates:
Canada 85 15/16 England oliera 2 8125, England 30-days 2.8050 Eng. land-days 2.7945; Australia 2.25 18: New
others Zealand Bos changed
LONDON
Closing rates:
31ન
New York 2.811-281- Montreal
Brussels
Amsterdam 2 W 15/16-2.03 1716; 10 11 20.11%
138.92- 1997 Copenhagen 19.336-1933. Frankfurt
Liebon 11.24-11ADE: Oslo 20.01-2002; Paris Be 17-8027:
Stockholm 137-70
I 14.32 Mian 17444-17 Vienna 72.58-727: Zurich 12131
ia 1960 Britain's imports from the United States were valued at £567 million, her exports at £824 million and her re-exports at £17,200,000. UPI
Bellaln
And from Australia. Imported goods to the value of f
188,100.000, and exported pro- 1; ducts costing £260 million and re-experts worth £2,300,000.
Form
What kind of form
Sino-British
two-way
take"
SUGAR
NEW YORK
prices. aliceuls per Contract No. 8 (world) Mar: 2.55; : May 2.87, July 2.77; Sept 278. Oel: 2.98.
16
does the
Irade
gets
From China Britain foodstuffs, including cere; ls and cereal preparations. certain spices, tea, some cotton, "animal crude materials'
such
Spot Work Average) 2.05 Total Sales 2 contracts Open Interest 306 contracts Contract No 7 (domestic)
J 28 May 1939: July 021
$-Buk, duty pand) 0.31 Total Sales 31 contract. Onterest 1.118 contacta
-UP!
COTTON
NEW YORK
Clusia poes all in cents per Ib Spot 35.80 nom: Dec. 39.80; Mar 31.82: May 35.28 July 196: Det 23.86: Dec. 33.08: Mar. 34.25: May 34.37
NEW ORLEANS Closing prices all 12 cents per th Spot 33.18: Dec 33.00; Mar May 3.38. July 10,
NEW YORK
COTTON
New York, Dec. 6. Cotton was somewhat mixed today with current crop months receding slightly after early steadiness.
New crops displayed a steady undertone. Both New York and New Orleans closed 11 lover to four points higher
Commission houses furnished
when support early in the day Cotierings were light, Selling by southern interests, believed to be Thedging. brought · about some
reactions in nearer positions.
Unly one notice was issued and promptly stopped. Exports for the season to December 2 were reported by the exchange i at 1,710.396 bales compared with i 1.550,278 in the same period last year ---UPI
PRICES
23
Spot rubber unbated 764-77 Bianket crepe 741-75
No pale crede 86-87
LONDON
Closing prices all in pence per th No Res spot 23-23.
Settlement house terin Jan 23
Mar 23-29 Jan/Mar 23- 234, Apr/June 234-239 July Sep! 28-29%: Dev/Dec 2021-235, General markets, clif basts, ports Der: 22-11/16-227.. Jall. 22.-23 Eatrie creat thin Dec 257; thick Dest 20
AMSTERDAM prices all in guilders per Cloynak 34.92
kologon elf Dec. No rubber 33.80.
2 12 buy els No Z rubber 2 UB 3 rubber 2.65 buyers. buyee. No
crepe 2.0 buyers.--UPI
De 34,00 Mar. 34.30: May 3442.
LIVERPOOL
Closing prices all in pence per ib. American Costinact: Dec. 24.25: Mar. 24.75; May 20.26: July 25.40, Oct. 24.80; Der 24.80; Jan. 34.60.
Mixed Contreet: Dec. 2480; Mar. 25.12; May 25,68 July 250 Oct. 29.00: Dec. 2500; Jan. 25.00.
-UPI
RUBBER
NEW YORK
Rubber futures closing prices, all
: cents per ib
REX: Jan 27.36
Standard
Jon 27 75
Mar 27.40.
May 27.50 Italy 27.95. Sept
No
2140
Jan 17.35
SINGAPORE
Closing prices all in Straits cents
7:72-78
lbab Maloyan In
No 2 Dec 75-787% No. 3 Dec 741-769: No 4 Dec: 74-7494.
Ni
I
METALS
NEW YORK
Closing prices alf in cents per
Lead Dec 9.40 Jun 9,45 Enie Dec 10.82, Jan 10.08 Copper: Dec 29.80:
Jan 3000. Mar 30.17 May 30.32; June: 30:00. July 29.97 Sept 2000, Oct: 2784. Nuv. 29 90: Ja 29.84
LONDON
Closing prices, all in sterting per long ton:
7 Spot 951, 952+. 8-mon LE: 982 ABS
220b 229345. 3-
טitט
WORLD SHARE MY
Drop in profits WIDE MOVEMENT
spread gloom
Sharply lower profits from major companies hit steel shares yesterday and spread additional gloom through on already depressed market where buyers were rare.
LONDON
Falls dominated the ist und
even recently-bubbling brew- eries fell back on profit-taking. English Electric led electricals darwerwards and engineering stocks receded Stores declined
fur- and leading tobaccos took ther falls. Bunks and insurances shaded and real estate issues Just pennies.
Blue chips like Courtauld Dunlop, Imperial Chemical and Rolls Royce all dipped
Erratic
The mining markets bad H inixed appearance, golds rooving erratically after getting initial help from the 1/2 per cent cut In South Africa's bank Tins were irregular and coppers drifted.
THE BALTIC
EXCHANGE
London, Dec. 6.
AMONG BLUE CHIPS
Wide movement among the blue chips was the feature
of a mixed and moderate stock market yesterday.
CARLIT
Edison
Cons Edison
Cant Can
Coat Ou
Corn Glas
Crane Co
Cul: ATI
Dayen Corp Deere Co
De
Sugar
Huds
IN A
Norfold W 10376
481 North, Am
Av
47% Northwes 591 Okia Gas
49 On Math
OMSE
58% Owen
36
24
Oxford Pap 38%
189, Puolile Gas 1054 161 Pac & T 201 51 Ponam Air 17% Paramount 64
Ham Cor]] 52
Dow-Jones Industrials Index Crown Ze donis hel R inte lower but Standard and Poor's 500 stocks showed a moderate gain. aided by strength in: most finance shares, rubbers and secondary ils Tracing ran several hundired thousani shares below the previous day's figure
Du Pont Just more dollar ufter Its president testified it has not found a way
than
Grain shipments continued to sell its vast General Motors from the American coast soldings without disrupting the GM for its part beld somewhat smaller market.
about a dollar gain after report- scole with Pacific rates ing record November car and
trick sales. slightly weaker.
on o
A laniter was wire for the movement of gra
from the Gulf to Antwerp -Rotterdam or unchanged Amster:Bam ad the rae
rise of 84.25, and an American fing lunker accepted $17.55 for grain front the Gulf to Karachi Suvleans meal was fixed from The Galf to France at $7.75 for Is verbien-Jonary loading
Oils declined led by Shell and Dutch British petroleum est a small fraction
Rubbers and general malaise.
Cens share! the
Gil-edged came under sellinat pressure and showed widespreatt losses up to 174 sterling.--}}]}
Closing prices
GOVT SRCS
2. Con
3. Cur
34 Su
6.5/65
60,70
TOBACEO
3. BAT
Carreran
DI
Imps
-17/32 MOTORS
79 BMC
14/7
11-1/10 Hawk Sal 20/47
93 Jaguar 129/4
511 R Royer
BONDS TEXTILES
Bradford
On the Pacific Cost, char- tekens Lanaged tu secure tanage for whwal to the east coast of India at the threefarnev lower rate of 57.3 Loading A will take place in January Davy garan いなだよるけ was also fixed trom this area to Kolaci * $8
in the east, Chinese charter fixed
Faberty મ
with type generals to Cubs at 53. Jaz January loading
45/0
65/75
4 VW
314% We
BEAS
By Australia
90
11/M Cont
9076 Courtaulds 26/4, Fine Spin 20/ Lates
1977/87 89 Calicu
D. Dawes
5 Jap. Ass 1624
BANKS &
INSURANCE Bazel
46/10.
Culi BREWERIES
62/8 92/- Distil 17 Genes
في أن الراقية
Recovered
Dullers
15'
Parke D 34 Pentsalt
14
43 Penny, JC 64
Chrus Air 38% Pepel-Cola 604xd
Dow Chem
空い
Phier, Chas fa
Dresser Dupant
27 Philo
25-41
23712
Phili
11.8
Drquesse
$14 Palers
76%
E. Kodak
at Arl
24
Mines B 010
110
Pittsburgh 6311
El Paso
267
Proctor am 90
Fairchile Femi Fin
38)
6.
Ferro
Emerson E1
Publicher #21
Pullman 881
Pure Ou
Fibre Corp
Autrol Firestone Ford
841
Gan Dynum 25 Rexa
Gen E
לל
1 .
291
Radi C
30 Fudio P
24
Raythean
47
Repub St
116
Revi
78% Reynolda Met
Gen Foods
Tab
Girn Instru
287
Rheem
Gen Motues
56%
Ay Butch
Gen Pub U 37
Safeway
63
Gen T&E 25 Swer: Tyre
S1 Regis
9' AN
Schenley
21%
Scott Paper 1975
Odden to 45 Goodrich
Sears Roc
701
Shett
Gundyen
$4
y Gan
Bheraton C
Grumen Air
Ser
Cultu
Staclate
I
Woolworth tumbled white Sears Roebuck gained $21⁄2 in stores. General Electric the recovered over 2 Praeter and Gambir
and
Harvester fell, Gelo O more than $ United ATE- craft and Kodak countered with dollar-sized gabs.
30.
Steels were stack with US. Steel and Løkens down a unllar Other motors and chemicals were narrow.
Today's volume was 4,200,000 shares
or
a 10 1,302 shares trastuti, 506 were higher and 556 lowerr
American Exchange vuiume
was 1,380,000 shares.
Bonds volume
30 Industrials, 790 09.
40 Bonds, 84 22.
Comm future price ondex.
The tiny charter section was quieter, the only bucking being for the Vergmont 110,030 tons. day for a voyage from Rangoon · 150 55.
Karstu or Chittagong via South Afrien at 197-
Chan Bk Guardian HK Bark
30/7
My
Ind Coupe
4/0
Lloyds
89/3 Watney
105/-
Lothbard
12/1
STORES
Nat & Grind
32/8
Gussies
5/6
Prud "A"
2644
Gussies A 502
Ryl B fan
28
House Fraser 397-
Re
48,'10
Lys A
OIL
Bf Spen A HẠ
Proper man 2010 220745.
Spu
60s. 12224 #1 611p
Zine Spot 2013 7065. 3-munth 7156 159 P
1
33
Tale Lyle
79/4
48/-
No. 11 India,
Beat:
3-monu
Sheli Tts
318 113/B My Duten 12-1/16 Ultrasw 23/10
d Ding
Woute
worth
MS'LANEOUS
52/11
STEELS
B'maker
13/6
ENGINEERING
Brt Co1~
Bab Wi
20/0
Shop
22/1
Colville,
4873
CPN
433
D LOUR
G Krei
25/8
Chaunet
24/B
71/4
City Lun
78/0
H Wor
1379%
Cunard S
13/%
Stew Lydn
38/8
Forestal
Tim
8/10
Summers
42/3
Furness
25+/-
The inv
50/9
HK Gue
Und Steel 39/12
Huston R
Vickers
ELECTRIC
Ass Fler
Axs Tel
20/9 P & O
MINER
25/6 Indo-China
Land Sec
23/ 4-3/16 1679 32/4
Fixtures
Patie
Tage
Cheat N
| Henni Org 377,
Below
11 Mot
Link Belt
Lily Tulle
Smith.
KAF
7134
South PR 281a í
683
Deyd New 192,
Sh
321
Himestake
514
South Co
Kussme
17
Seth NG
Idaho Power 37
South Pact
Ingerso
86
South Ra
Inland SIE
48
Sperry Rand 23
Intercbe
17
Square I 49
IBM
561
Stand Brads
Int Harv
51% Standard Oil
Bands
emounted en
Ini! Nickel
83
realf!
$7,400,000.
,400,00
Lill Pape
(Ind
3
54x0 50
Dow-Jones Closing Averages:
Int & T 59%
NJ! Jones Laugh 73% Ster Drug Kaiser Alun: 31% Stokely
$9
BI
30
20 Rails, 145.4)
Kennecoti 80% $1 ne Webst T
Kern Land
2001
Studebaker
11
15 Uities, 134.37.
Kimberly-Cl
Sunshine
13
65 Stocks, 248 37.
KVP Paper
384
Swift Cu
43
Ligeti
130
Tenn Gax
471
Texaco
AR
Texas Instr 1081
Lition Ind
1AR
Thtokol
Lockheed
$7.
Tidewater
201
Lone Star LoMillard Lowenstei
23
30th Fox
05.0
Un Carb
121
142, Union O
68
Mallory
53
Un Pacifc
361%
SU
Bendix
81
03
Mays J
W
Ben Fi
34
MoDermott
41
1:2
Benguet
14
McDon All 389 Ulg Gas
3746
Beth S1
12
McGraw 11 354%
US Gypsum 103
Blaw KnoN
33
Merck
19. Boeing
48
MGM
$99 US Smelt
ae US Rubber
55AM
5፤
2044
Mon Mi
73
241
Mission
US SU PI
An All
зна
Un Match
29:
Am Brake
An: Cya
Am E Pow 4
Am & Fore 0
Can Brew
Pack Cam Soup
13
123
Monsanto
54
Am Mari:
CPR
*
Mont Ward
39
587-.
Am Metal An N Go Am Photo Am Smelt
Cartier
Motorola
30
52
Сана Сто
1
Net Big
93
34
Caterpilla
173
Nat Carh
137
的
347
ADA
7 134
100%
21
Chrysler
49
City Financ
74
CelancHP
38 Ceneo Instr
Chesapeake
LO
35
Nat Dairy
761
04,
Net Disti
Nel Lead
دة
Nat Steel
Closing prices
Act Inds
All Chem
All Mills
AN Chai
Montecatini
19 60
CHARLOTTE
SALE
HORSTMANN
FIRST FLOOR, PENINSULA HOTEL, KOWLOON
DECEMBER 9TH-10TH 9:30 a.m.-6:00
FURNITURE
LAMPS
PICTURES
BRASSWARE
PEWTERWARE
FABRICS
p.m.
Eng Liec
cat:
Cons Zinc De Beers Loo Tin
23/ Brit Tin Phipps 6-27,32 Reditusion 477- INDUSTRIALS ABS Cen 53/4
Mi Inu
Boardman 2/10 Petaling
10 east cousi Timos (ur kul)
10,000 as, 3 per cent, wheat in bulk,
487-January 15, 57/3, with 1,000
discharge tree.
Daire-Shanghai
Cuba, vessel. 9,500 tons $75,000 bale, generals January,
the and showed, at 21 da purposes
Air Red Alders inc
Alvin Lid
44
26 Borden
Botan
Alum Co Jun 80
charter: Vergnont Am Sugar,
inute), 10.030 tons dw 499,000 bale, 10:10 knots on eight mine tons diesel plus three tons Lunker C. voyage across, de-
Капцени, 28/3
December 4,
divery re-delivery Karuchi or Chil
port or ports South Africa, 19/- ---UPI.
via
Am Tob Ampex
Anaconda Armico Armou!
Baldwin-Lim
Balt Ohio Bath Iron Beechnut
20 Burroughs 477%
Chuett Pea
49% Cuca Cola
Colgate
Mission Dev Mesabi
48. NY Central
997
198
殉じゅ
15 Columb Carb 88
56
Colwąb Pin
Cum Engin
Comum redu 54/7
Slightly easier on
3/6
Bert las
58/9 Angle us
EMI
23/ Brit Sib As
42/3 Corp 143/1
tagong
397-
17/8
ᏎᏫ ..
J40/41⁄2
5476
979
15/1 Hand Sel
45/7
71/0 Hood Angly-
27/101z 118
541/3
209 Blu Tanto
*3/6
4/71%
60/
147/3
51/10/2
129/+'
23/-
Borax
Der
Dunlop
FIMG
Chinun 4/ Roun Ant
It Comp 18/-
Wiggins
Union C
Turn New 58/1 Welkom Unilever 42/6 West
46/8 Band
West 27,3
Hold 55/10 5 Mal
HCDBER &
CHEMICALS
Boots
ICE
Monsanto 15/0 CINEMAS TV
TEAS
Also Pix 25/6
Angle Indo
Stoll
8-
PAPER
Edwater
Spacers
17/
Ceylon Tea 15/6 Imp Tea 99/9 KL. Kepong 2/89, 31/6 Lambyk 45/ 37/6
-Reuter
CRUZEIRO FALLS
improved volume
The market eased a little in most sections this
1 Upionn
1435
3134 Walker, K
31 Walworth
31
7%
Warner Bros 264
80% Warner-1
Waukesha
Went Un
Westghe Air 2
273 Westgh Ri
91% Wi-D
$70 Woolworth
18% Zenith
-UPI
New York
sugar
New York. Dec. 6. World No 9 sugar futures closed unchanged to typ points higher with sales of 9 contracti.
World No. 8 sugar fyttres closed wchanged to four points higher with siles of two ¤ trapts.
Domestic No. 9 sugar futures
morning, but activity improved over yester: closed two points higher to wa
day.
Following yesterday's pal-
tern, Docks remained ibe exception by closing at $167, s rise of $8.
Bauks. Arm for the past few
1ost $2 at 8356. Wheelocks lost 10
HONGKONG
points tower with salds of bi contracts.
London was reported quiet with additional offerings of low priced French and Põlish beef
raws.
This morning's quotations and
No reñiper buying ni domes= prices were:
tie taws developed here, Early 1962 arrivals remained bait- 5354 56 Ligh bagus, deliveredUPI,
*ble 24 6.95 cents per pound
Bio de Janeiro, Dec. 4. The Brazilian cruzeiro
cents # plummeted to a record $12.30. low of 405 19 US$1 in but Electries
Lights declined 25 cepts at $40 | Bank midday trading o the $38.
$128.
stayed steady at
20 356
#20 200
10008 Elec
free exchange market to Another share tv remain day. It opened at 365 steady was Yaumati, closing at
Lon Reg 6282 sou Telephone yesterday.
Although prices were Trac-BE. The reason for perhaps the unally ou ka mos! shares. Ask 1024 sharpest 24-hour plumes in the volume of business reached A. Inv history of the cruzeiro apparent $2,570,000 this
HKFE Inv Wheelock
ly was a bill halfway
through
morning, cam- Congress that would drastically Pared with $1,809,000 yesterday.
restrict Brazillans and foreigners with legal residence here from keeping
geuk deposits 確 Anayefal holdinge wbload —AP.
AMERICAN
STOCKS 6.
$30
62340
INI
Gar
b20.30 $20%
200
2012
300 qr 20
2009 29.40
G# #420 #075
Jardines
04.20
68 875
Cement Dolly Farm
1000 a 38.5
Metal market
London, Dec. §. Although copper was fraded at slightly lower levels
this morning, MEDIDATIVE
van with yesterday f maop, the undertosie: re: mained
marked high,
The He market was Hendy) Lead and zine were postedK 10.85 10083.
Wayron b$714 "Narving $12!?," A. Rubber
b4.80 34.85
Exchange rates
Dock
Business was done in the local market this BRIGIT on the Ebibwing rates:- Gaane 50 52 Biking noter (per 1) Australian notes (per £1) 12.58
20043 BDO 144 500 145 400 40
5.887
15.30
1.02 Taikoo
1.14
8.40 Provid
Ellar" Erdada (per 100) Estradne peso (per 100)
1.00
1900
$30
5000 4.80
解
baskan (per food)
4,00
Contry
1.60
0.5
LANKI
Java
1 20
20.70
Loc
7.20
Lane.
Really
Amoy Eth
In New York, copla
today closed two to
bigber with wallas of H
Copper made little tig
In die trolig at täh. after a
## (and a tendance
MOVING HONG KONG SHOWROOM JANUARY 16, 1962
ΤΟ
PENINSULA COURT, KOWLOON
TECHNICAL
ANALYSIS
On Stock Trands
PERENNIAL TRADING CORP,
Netherland
UNIT TRUSTS
First Hongkong Fund: $1.14
(buyer) 1.72 (seller),
Second Hongkong
cants" (poller),
Fund,
[New]
Tremp