1959-10-15 — Page 9

Page

ANSPORTATION

More Comfort And Efficiency For British Trawlers

THE CHINA MAIL, THURSDAY, OCTOBER 15, 1959.

WALL STREET STEADIES HONGKONG | London Market

AFTER SLIGHT DECLINE

New York, Oct. 14.

Stocks declined one to three points in the first part of to- day's session and then steadied before closing time.

care

back

Some sections from the day's town, Ford ratlled smartly from a loss of more thun two points when directors declared al extra dividend Steels levelled off at lossés rùn- ning to two points. Oils were narrow movers with few ceptions,

Ex-

to

Electronics were hammered down with losses running more than five points in Litton. Ralls slipped back. Metals were easier.

Minnémta Miáng Mindon Development Mcssons Brewery

proosautó Chanical Co Montgomery Ward Motorola inc.

Nations Disqust Chi

| Nations Com TM, “A”

Nation Dairy Prod. National Lead

National Steel Comp New York, Central Noranda Mines Ltd. Norfolk & Western Ny North Amky Aviation Northwest Airlines (Com.) Olin Maior

Otis Elevator

Owen-Kumpis Glam

Oxford Paper Co. Pacific Car Elec. Pan America Airways

BETTER looks, more comfort and greater Legett & Migers, Lorrillard and Penny balt Co

efficiency are being built into British trawlers. These assets are reflected in nine vessels now under construction for the near-water fishing fleets of Aberdeen and Lowestoft.

at

new

They are beirar bill by four units developing 515 hp. different

for various 300 т.p.m. One of several uit- firs

about the Hall, Rusell and Co, usat features owners. Aberdeen, A. J. Mitchell, Peters.type engines is that they can de Ironworks, reversed from full abend to full; hend and Richards

few Lowestoft, each have orders for astern in a matter of a two vessels and the remainder seconds. are building at the Beverley, į roduce Yorkshire yard of Cook, Welton und Gemmel.

Tobaccos stood out on the up-Paramount Pictures side with particular strength in Parke Darta Co. American Tobacco. Other strong spots included Universal Match, Norwich Pharacal, Virginian Railway, and International Salt,

pp Morris Pitney Bowes

Procter & Gamble Co.

Publicker Industries Fure 11

Pittsburgh Plate Glass

Wider losers Included Amera- le Corporation cin, General Motors, Bendix, Radio Corp. Pref. Alcon, Mouma Copper,

Coca- nythron

Siecl Cola, Polaroid, and Westing-Reynolds Metal

house Electric.

Dow-Jones

to

WETC

hazarvis Cys. for

30 Industriala

20 rails

15 ten

CS stocks

This is designed munocivring when trawling in heavy Another unctul innovation this class of verl

is that nil

All are a complete contrast to the old strom powered trawlers engine controls are duplicated in which have featured for so long the bridge. This means that the in these and other parts. The Captain is able, when necessary, huli designs are based on re-to take over complete control of ,sults obtained from tank test the vessel's movements, Ing models at the Nationa

Physical Laboratory,

Welding-

MAINTENANCE

Designers of the engine have,

lon. The old squat looking hull¦ given special attention to ease of witit its

upright stem nd maintenance and the construe.

counter stern' has been given action in such new and more graceful

completion

* bonis

Comm. future pilee Index

Closing Prices

Allied Chemicals

Allis Chalmera

American Airline

| Southern Natural Ose

143

動

JAPAN MAY

B31

5612

BE MALAYA'S

KEY

CENTRE

FOR TRADE

STOCK EXCHANGE

Our Own Correspondent

Higher On Active Trading

London, Oct. 14.

The stock market closed irregularly higher today

►

The

on very active trading. Adustrial list scored good

Business done, at the Hong- kong Stock Exchango this moming it to approxi aralely $1,580,000. Ncon quoin- gains in opening dealings but Hons and the morning's trans-many blue-chip issues fell back near the close, ICI, Turner, and actions.

Newal, Dunlop, Courtauids and Shares

Glaxo all finished with nei falla, BANKA UK Bank..

Medis clos gave way aller an mitial buoyant opening.

Buyers Beer

900

INSURANCES

Union

Underwriters RIPPING Waterkura!

God

Ander

20 d05 206924 3009275

68 801

1000 8.20

100 20

B00 20

Wheelock

15.40 G 18000 6.43

500 G DAS

500 0.45

DOCKS, ETC.

Duck

K. Wharf with 50

100 a 122 100

100 58 400 T 0445

200 a 65

5500 14.00

1000 14.90 10000 3415

Kuala Lumpur, Oct. 14. Japan would become Mn-

laya's key centre for providend .. 14.00 14.93 trade in Asia, Dr Lee Talke Dock Tiang Keng, said.

35 39.76

34 32) 37.75 38 1000 35

400 30

3.70 1.720 10000 * 1.70

nt the airport before Realty

kald: leaving for Tokyo, He

"Because of her portion na a

Industrialised

"She may well become our key outpost for trade in Asia."

INTEREST

ת!

23.89 25.90

238

5x30 3.67

500 7 10.40

300 K 24 '1600 @ 23.83 100 6 28

270.60 23.99

Oils opened him but drified lover. Hubber stocks were quiefty firms.

Gold Blocks ware firm. Coppers and other base

metals finished higher.

Gilt-edged government bonds were higher. Foreign were firm.UTI

Closing Pricos

Britial 407-4/30

borda

Giltedged Tomás

Transport 37, INATO

Conrola 2D-ADIK. Corals £74. Conversion

£63-3/10.

IPED

1930/00-

346, 1999/2

DEN/DO

Savings 3, 1055/65-9IV. Savings 3, 1960/70-482-V10. Savings C, 100875-£70%.

Banke

Barclay's Flank "A" Lid ool-59% Custered Dank-40% od. Itongkong-564.

Insurance

inner Canton- £3.

and Metars British Motor Corp. ord-20%. Ford Motor Co.

Breweries

Disters Co-3: 3d.

building and Matérials, Associated Parkland Cement-750, Pinehin Johnson Armelates Ord-- 24 d

Coat, ter a Engineering Babcock & Wilcox Lid-531 4rád.

Vickers Ltd-31.

LAND, ETC, HK Hotel

Finding

Loni 31

Loan 35%.

101%

| Royal Bank of Canada Sears, Roebuck & Co.

4216

to Japan, was speaking to re- partero

Mr Lee, Malayan ambassador

i Land

£04-5/13

Funding Stock

£72-3/16.

Funding Lonn

closing averages Shell Oil Co.

14000 1.70

5000

£90-0/15

1,70

To

1000

1.725

Safeway Stores

2735

Snint fleg. Paper

634.27

Schenley Inc.

157.11

Scott Piper

M

highly Jopan

holds

prospects

RUBBER nation, Amalg

For

.... 3.57

4000 of 3.575 1650 47

2500 1 5.STA

Sinclair ..

Malaya.

89.00

Bralib, Kljné & French

211.37

Sornay Mobil Ou

01.50

Sole Alrerin

148.30

South Puerto Rico Surr

Trant

Sungala UTILITIES

4.18

€299

2000 6 4.20

A. Tawah..

3.03

420

1000 LF 4

Valon

Soutram Co. (The)

30

Trum

30

31

500 6 30 75

Star Ferry

132

500 131

ABHUDI PAT, & Paper

36

Standard Off

Standard Broncol.

Southern Railway (Com.)

Yaumau XD

123

200 [12

4775

Alden Inc. Act.

382%

Stand Oil of Ind.

41

Algoma Steel Corp.

31

Start On of N.J.

11

Steel Co. of Canada

BTA

Allied Milli ine.

43

Steep Rock

Sterling Drug Co.

111

Am, Braké Shoe

that even major

2014

Stukely-aby Camp

18

keenly Interested

He said he had received "an overwhelming number of in- quiries from Japanese busines- c. Light men about trade conditions in Malaya. JapanesO AIMS WETO trading

2006 127

300 122

100 129

18.30 18

1000 21 18.43

Electri

Am. Cobie de Radio Corp.

Stone Webster

Studebaker-Packard Corp.

Sunshine Mining

Swift & Ca

with Malaya and were negotiat- Ing to open up a tyre factory and bicycle and motor vehicle

48

Texas Co,

Juzk

Textron Inc.

Thok Chem

531

Tide Water.C!

Tine ine,

703

American Smeiting Am. Sugar Ret, American Tel & Tel

$33%

Traders Finance

TT-Cont. Warrants

2896

Twen Beth Century Fox Film

100

Valon

134

501

Union Oil

W

culture.

231

Union Pacifte Railway

28%

United Fruit

United Aircraft

STORES, ETC.

2011

16. Fail"

United Gas Corp.

64

585

U.S. fiber

7111

U-8. Emelling

27*1

3311

U.S. Aleet..

99

40

U.B. Steel 7 P.C. PF

1413%

Warner Bros.

Earlier officials of the Trade Dairy and Coinmerce Ministry suid tht trade wolks between Japan L. Draw

Weten

and Malaya scheduled to be held before

COTTONS the end of 1950,

Textile would be pastponed until early next year.

2014 20

2130

500 74%

2000 2017 500 201

24.70 ་ 200 20

200 2400

7.75

8.50

A

2000

AV.

2030 01.A

Waukesha Motors

0374

OCCUPIED

Nanyang .. 14.00 MISCELLANEOUS

474%

12

CATE 1001

UPI.

of

that with

dis. American Cyanamid Co.

Am. & Forgi Pawer Am. Gas & Electric the Am. Home Prod. these vesels Am. Mach. & Fry Lowestoft will American Metal

Am. Natural Gas

kok, repairs can be effected with the Accommodation is midships and Jeus pugible amount of aft. The deck house icon-mantling. tinued to the stern thus giving It is claimed full internal access to the bridge and ample coverage for the crew Flaring of the in all weathers. wheelhouse front is another feature making for better lines: and visibility.

The trawlers will be powered by diesel engines from n new into pro- range recently Dut

duction by the National Gas and

Aberdeen and have the most modern water aching feets in the world.

Starfighter Wins

Oil Engine Co of Laneshire Collier Trophy

The compartners of these power units incans that pace formerly

required for boilers and

coal

OCKHEED

F-104

fitar-

American Tob

Anaconda Copper Armeo Sleef Armour

Asbestos Corp...... Allas Cons. Mining Jutdwin-Lhing-Ham. Baltimore & Ohio Bank of Montreal Bank of Nova Scotia Star-Bet Life Savers

Bell Telephone

bunkers enn now be used for Li fighter has been named Beneficial Finance

winner of this year's Collier et Ciation Corp. Trophy, one

larger fish holds and belter

commodation for the crew.

Specially designed for use In near waler trawlers and similar

of the mast coveted awards in industry.

greatest

American

sized craft the new diesels we It is awarded annually for in 6 and 8 cylinder

units the total output range covering 342-1,372 brake horse power at aviation achievement

speeds

with thoroughly demon- strated by actual use during preceding year.

The value up to 600 rpm. trawlers now buliding are fitted with turbo-charged 6 cylinder

100-Year Service Terminated

THE

The trophy is sponsored by the National Aeronautle Association and Look Magazine. The Trophy Committee ramed Ave CO

50%

Gyperm

•West Alp Brake

Electrle

Western Union Tel., .

Benguet Betlehem Stee!

Forlag Airplane

227

Horden hel Co.

West Ya. Puls & Paper

Burroughs Adid Machine

Winn-Dixie Stores

British Columbia Elec. Calf Packing Corp. C. Ble of Comm Canadian Pacific R. Came (d. 1) 06. Cat. Erwer

Celanes: Chap.

C. 1 7. Financial Corp. Chase Manhal. Hank Chuett Pembody Chrysler Motors

Colgate-Palmolive Co. Colombian Carbon Co. Commercial Credi Connolidated Edison Consumers Gas

recipients making key contribu- | Consolidated__Paper tions to Starfighter development

Trinidad, Oct. 14.

and performance achievements. THE James Nourse Ship- They were Lockheed vice presi-

Company ping

an-dent C. L. Johnson, designer of and nounced today the termina- airframe Neil Burgess tion of its 100-year service! Gerhard Neumann, developers of

and

between the West Indies,s -79 Turnojel engine:

Lieutenant Colonel Howard

India and South Africa duc Johnson

"unorthodox

to

tion."

Continenta! Dil of Del Crane Co........ Crown Zellerbach

Cuban Arier. Sugar Diamond Alkendt Distillers-Seagrama

Dominion Storer Douglas Aircraft Dow Chemical

Dupont de Nemours and Major Walter Fastern Air Line

Pasta Kodiak

compati Irwin, pilots for world altitude: El Paso Natural Gas

and speed records last week.

The last ship leaving yes- ; terday carried the body of its Chief Engineer, Edward J. Hood, for burial at died

FIRST AWARD

The Collier Trophy was Arsi Hood awarded in 1911 to Glena Curtiss heart attack shortly

for the development of hydro-

after the ship arrived on Sun-plane. The formal presentation day.-UPI,

Saving On Nuclear Ships

SON

HOME £300,000

Family Finance Cora. Firestone Tyre & Rubber First Nat. City Bank Ford Motor Co. of Cana. Ford Motor

Gatineau Power Georgia Pacifie General Dynarnies

General Electric General Foods

General Motors Gen. Peb. Vili.

Gen. Tyre & Rubber Getty Ól Glidden Co.

Goodrich ID. P.) Cu. Goodyear Tyte

Grumman Alterati Culf o

Rommand Organ

eeremony will take place on December 17 during the Wright Dinner in Washington, D.C.

The F-10A Starfighter is the alreraft-firepower combination which holds the world's aftitude and speed records, and packs

that teyden Newport Corp. a year more punch per pound" could be saved in the any fighter ever built. Lockheed Hiram Walker

Starghters are now on duty allomeslake Mining Co.

Human Hetrig. running of a large liner if it USAF's Larson Air Force Base, Idaho Power were powered by a nuclear Washington, and other big Air Imperial Oil reactor system of the kind Defence Command installations. Imperial Tobacco

Ingersoll-Rand proposed by the General A 1,500-m.ph. performer-it set Infond Steel Co.

the official mark at 1,404.19 Interchemical Corp.

Int Duiness Machines Int Harvester

the very rim of the world

it D1,243 foot altitude mark.

to

for Internasional Nickel

International Paper

Inki Tal & Tel

for

Equipped with Sidewinder

Electric Company Simonm.p.h-the F-104A climbed Carves Industrial Nuclear Power group, according to a poper describing the system published recently by G.E.C.

The author of the paper is Mr Chief M. C. Hartnell-Beavis, Projects Engineer of the Atomic Energy Division of G.E.C.

alr-to-air guided missiles

Johns Manville Co Kaiser Industries

Kimberly Clark

Its sky-sweeping duties, the F- Kamina C Power & Light 104 can carry a nuclear weapon Kerziccott Cupper Payload. Despite its radical ap-Liggett de ayers Tob, C pearance and spectacular per-Ly Tulip

Lition Ind. formance capabilities, pilots" re- Such a liner, he says, could port that the Lockheed-produced Lockheed Ainraft

Leblow Groçeleržis carry 5,000

F-104 handles easier than ItsLoews Incorp, .... crew at about 30 knots and make early-day fel ancestors. It is Lune. Star Cement Co. one voyage across the Atlantic powered by the General Electric McDermott May

Lowenstein & Bong each week. It would steam Company's 3-70 turbb-jet en-McDonnell Alreratt gine, providing 15,000 pounds of Mesabi Iron Corp.

passengers

und à

150,000 miles or more a year.

thrust.

Woolworth (R, 97.) Zenith Radio

433

123 asembly plant among other

projects.

40

די

1000 or 2397

2021 12.33

Rte.12.20 13 GB 13

13

Mario E Tel

2010 30%

also

Dr Lee said there wa an increasing interest zmong Japanese

generally about INDUSTRIALS Malaya, is peoples and their Cement

Int.

1813 2014

500 32

400 32

500 30

374 375 2700 3744

They said that Rath Mohar, Vie 14.10 controller of the trade division INVESTMENTS would be attending a Colorabo Alted Plan conference in Indonesia | HK & FE shortly.

Agreed Merchant Inch Sujuk Bin

Rates

Canadian

(Maximum

18-7/18 Dollars, Selling); 18 11/16 T.T., 18 3/4 O.D. (Minimum Buying).

Swiss Francs, 75 3/8 (Maxi- mum Belling).

Belgien Frames, 608 (Maxi- mum Selling).

Yesterday's Closing

Rabindr were

and other officials also fully occupied for the rest of the year.

Malayan and Japanese dele- gations completed preliminary talks on a trade agreement this yeer. Both countries then ogreed that formal talics were to be held before the end of this year. China Mail Special.

COMMODITY

SUGAR

NEW YORK

Closing prices alt in cents per

1b.:

Contract No. 4 (world)

Oct,

3.18

Jan

March

1235

May

July

Sept

38)

48712

get

Jan,

Spot (f.ad, Cabe

120

Total Sales: 14d contracta.

Open interest: 7311 contracta.

(Continet No. 6 (domestic)

027

117

Nov. Joki, March May July

RUBBER

NEW YORK

Rex

rubber futures closing

prices, all in cents per lb.:

Nov: 7.35; Jan: 34.00; Arch: 33.10; May:, 3.12 July: 2.50 Sept: 32.05: Nov: 32.49.

BINGAPORE

Closing prices all in Straits cents per ib. 1.0.b. Mainyon

No. 1 Oct.

Spot rubber unbeled

Invest

1001 37,

7000 8.81 2006 14.1

1050 14.3

17.40 4.00 1000 0 540 4.00 4.05 3000 * 4.63

12.10 12.30

Exchange Rates

BRITISH

STEEL

OUTPUT

London, Oct. 14.

Food and Tobarro,

Brilrs American Tài cơ th

Die 4.4.

Total Tobrece 1110.

Co., Ltd

Miscellanous Boardman Marden Ltd-3 M. Britlah Oxygen Lid, Ord—74 84. Canadian cine Rly-. Dunlop Rubber Co Ma Vie sed. Hongkong & China G130. Imperial Chernicki-ötu sd. Lrone & Co—791_90. Unilever Lid-123.

Paper

Bowater Pan klectrical

Cup Ord-0 03. Radto

A toelated Electrical-65€ 149. Electrical & Mustcol-56% 18. Engh Flectric Co-44 21. Geral Elegirls, 478 3d.

Shipping Indo-China Steam Nav. Co. orien Navigation def ord

< 10 d.

Storer

def

Great Universal Storer "A"—498. Marks & Spencer Lid—0989 SKI, Woolworth F. W. & Combeid. Texter Coat J. & P. Lid—31; 04. Couttaukla tad—IN M.

MYYN

Anglo-American Africa--200%

Corp of

South

Cons Goldfields of South Africa- 103M $34.

Cons. Zine Corp. Ord-631 9. De Beres def-170%

Free State Development & mvest- bit--# 716xt.

Petaime Tin-6s 20.

Itand-1030 Dt.

Southern Kinta Cons Ltd--20 Id

Unten Corp—77) Ca.

West

135 ન

Driefontein Gokimining-

Wist Rand Cons- KK.

C

British Bortico Petroleum Syndi Cat-31 10d.

B

Petroleum Co., Ltd-04

Burma)-47% Pd.

Royal Dutch Petroleum-£15.

- Transport & Trading-148% $3, -Reuler.

}

Rubber Market Review

Singapore, Oct. 14. market was slightly up

the

opening and steadied further on short-

covering and

seilers

reserve of

Lower sheets were quiet with

British steel production in The

September averaged 426,-! 400 tons a week compared in with

tons 368,600 September last year and 438,200 tons in Septem- ber 1957, according to buyers having to pay sellers With continued short- figures issued today by Frics.

covering bringing in more new the Iron and Steel Board. buying the markert Steel production has thus risen cadier to within about three per cent noon session.

1957 Axture of the September

During which was the highest Septem- urs ber figure so far reached where as in February it had fallen to about 20 per cent below the pre-

RISE EXPECTED

Business was done in the logaf-kalous peak lovet for February. unofficial exchange market tils morning at the following rates:- U.S. dollars (per #1 *** 3.12 Sterling notes (per 1) ... 15.83 Austrailan notes (per .. 32.51 giant leals (per 1001 Indonesian rupiah (per 100)

Sugapore (Stralis)

PRICES

3.00

23.90

1.00

NEW ORLEANS Closing prices all in cents per lb.:

Boot

Dec.

Mar

MA

July

Oct

Dec.

Mr.

SAO PAULO

All unqualed.

11.23

22.80

32.43

30.88

30.70

Average price in US at 14 de aignbed" spot markets: 31.56 cents.

Tolat males: 76,253 bal.

LIVERPOOL

Closing prices all in pehce per lb.:

American Contract

Oct/Nov.

Dec/fi

Moor/Apr,

porta:

10213-10214

No. I Nov.

No.

Oct.

100%-100% 101-10217

No.

101-1022

21.00 21.45

I

No. 4

10016-10131 1005-107

May/June

21.44

Blanket crepe

05-1013

July/Aug

No. 1 pale grépa

258-107

Oct/Nov.

4.07

LONDON

Mixed Contract

·6.77

4.00

Closing prices

all in pence

Det./Now.

per lb.:

Dec/Jan

Mar/Apr.

6.75

No. 1.Ras avot

2015-30

6.08

Settlement house term:

May/June

Contracts.

Nov.*.**

July/Aug

Oct./Dec.

April/2se Jay/gopl

Nov.

Sp(C.1. NY. Exels

Total Bales:

Open Loterest: 3,02%

UTY.

METALS

NEW YORK

cal markets, GAS, Boring

Uk Oct. AMSTERDAM

Closing prices all in guildors

Closing prices, all in cents per per kilogram, cif, Oct.

No. 1 rubber

lb.:

No, rubber

No. 3 rubber

Lead Oct.

No. 1 crepe

Deo.

Zine

Oct.

11.02

Doc.

11.58

Copper

Tin

Oct.

31.00

Dec.

$1.00

Ort.

101.00

Dec.

101.

LONDON

Closing prices, all in sterling

per long ton.

3.00 nom

2.06 nom. 2.95 TOE. 3.35 nom.

UPI.

COTTON

NEW YORK

FOREIGN ENCHANGE

NEW YORK Closing rates: Canada

England mi

+

30-day

93-ANTO

Australia

New Zealand

| Bouth Africa

Oliers unchafired,

LONDON

Closing ratte: 1

1.06 10/32 2.0075 20100 2.0125

2.2475 7.1983

2.ph

New York.... 2.00 11/16-2.00 12/16

·Montreal

Amstandar

Closing prices all in centa musis, w..

Buyers

Seller

Tis spot

19412 pet, 13:

3-month

TIJAL

Bidt

Copper pol

243

2014

Dec.

month

BEAT.

and dut halt Det 2014

Jett

702

Zelt half Oat.

The Sturlighter F-104A.

Dad

Copirentzigen

| Frankfurt

Lisbon

23:00

Oslo

23.100

Paria

Stockholm

MILA

Vi

Zurich

10.56.10.0dTi

149.30-140.35

15.30-19.351

13.711.7 BO, LA-80.80

20.0131-20.0192 13.70%+10.103% 14.827-14.55 1742-17423 78.40-78.55 18.106-11.18%

The steel Board said produe tion was likely to rise further as additional capacity became available at the strip mills and other as demand increased in coctors of industry.

moved throughout the after-

unofficial

trading prices improved to

of the day. business confined

highest levels Lower shoes

to short-covering.

Tubber

In New York, rex futures today closed 35 to 59 peints lawer

contracts,

Easler trend London

with sales of 39

reflected lower

cables, plus Concern over increasing lay-offs in the ear industry, compelled by the Despite the rise in steel pro-

Dius duction it

risen fast prolonged steel strike, has not

rumours of British stockpile enough for industry, Shortage

celling and Impending com- of sheet steel has hit the au-

mencement of sales out of U.S. tomobile Industry In particular,

Vauxhall

Motors announerd stockpile.

In the shipment market, one today that they were closing on Saturdays for the next few sheets were done at 35% centa wecks.

a pound and two sheets of 343% Leading manufacturers said conts a pound, Oct/Nov. côt they hoped to be able to manage and freight.

for the time being but the pro- Brokers quoted current month longed United States steel strike No. 1 Rss at 40 cents, nominal, for but had made it very difficult

elsewhere spot rubber, British manufacturers to obtain available for Immediate de sel from abroad and the extra livery out of warehouse, brought supplies which should by now 43 cents a pound, have beon available from the Steel Co. of Wales has not yet come on the market.-UPI,

In London, the rubber market was easy with spot quoted at 334 pence.-UPI.

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