1959-12-23 — Page 2

THE CHINA MAIL, WEDNESDAY, DECEMBER 23, 1989,

EUROPE'S TWO TRADE BLOCS

MEET DIFFICULTIES

By An Economic Correspondent

London, Dec. 22.

No one can blame Mr Nikita Khrushchev for sitting back and laughing at

the mess Western Europe has got itself into with its trade blocs.

The

towards began to dicker with the brave merch European unity and liberal trade of joining the European has degenerated into a confused jmon Market (or as it is shuffle with the marchers ludi- called the Inner Six). crously out of step and tripping over themselves.

And is likely that Nikita i laughing lowest

ft

Enthusiasm

reached.

who couldn't quite

London Closes Easier

HONGKONG

London, Dec. 22. The stock exchange was Irregular in light pre- holiday trading Tuesday.

New York Stock Prices Close

STOCK Irregularly Lower

EXCHANGE

Our Own Cum spondoni

New York, Dec. 22.

Stocks fell from their highs again toward the close, finishing irregularly lower in moderate trading.

Idaho Power

Imperial O

Imperial Tabacco

Ingersoll-Rand

Inland Steel Co.

There were quite idea ition. And there were enough Com-hard-headed" champlona of the Britons

now Idea to claim that Britain simply swallow the official penegyric could not ord not to join 1 which heralded the signing of.

Business done at the Hong- the Stockholin agreement. Sicel- Common Market.

Exchange this kong Stock pig-breeders.

merning amounted to But enthusem wurd when men, shermen,

10- Blue chip industrial were the brag tacks alage

Industrials way papermakers and watchmakers

maintained

proximately $874,000. Noon the big lasers, while leurs cut- were selfishly perturbed about | frm tone oh selective demand, | quotations and the morning's | side those used to compile the what this might do to their but in other sections anthus transactions:

registered some good |

Interchenziral Carp. ivelihoods.

signa were widely renttered,

Kajus

Int Business Machines The list falled to move up international Paper Government British

bonds

ward toward the peak level as Johne-ManyBle Ca. ruffered a general decline.

expected by many experts Polar industries Oli shares wete quiel, golds

Kimberly Clark lowing yesterday's developiggett & Myers Tob. Co. ments in the business world, Lily Tulip

Agreement by the steel com- Lowenstein & Sans.

Perturbed

It must have seemed a good There was

To start with the whole thing o at the Idea at the time.

inermpatible

what War

with anties of Britain who la plainly certainly enough enthusiasm for

the thought there was let of Imperial Pre- anxious to march three ways. Idealistically

tune with: the

ference. Perticularly so breuen naturally was once and succeeding

Just as perturbed in their own mxxl of Euro- of Punes's rhience in drag- cough in golfing nowhere fast, prevalling

when Britainpean unity and trade liberalisa- gfag her colomes Into the Cem. way were the apostles of Eure- and free trade who Mrvicet with her. Had pean unlly Britian Jones! the market she had never stopped believing in could not within her own her the rightness of Britain's joining

French the Inner Six, and the Ameri who saw that Westen cinshine cas

11 all began

OFFLEY'S

PORTS

OFFLEY

Bukt Ratington

HAWNY PORT

OFFLEE

Royal Regrry

Duke of Wellington and

Royal Reserve

CALDBECK, MACGREGOR & CO., LTD.

2 Chater Road Tol. 20075 (Order Desk)

11ל נוז

CL-

the

1

now

have lets

prevented colon: 1 produce from with that of her own oversons Emope had been neatly spliced

There up the middle. tomilories.

exified two trade bloes which in 23 c pondby

the respective bids for ascen- pelling an objection was plified undertone of the Com- dancy could play havee with the wish for United inon Market which denoude a American Įdegree of international invelve-Europe.

Now the cry is for a bridging Tapesit :

the two sovereignty that Britain was not of the gulf between

blocs with It

likely accin 3 prepared to knowhdge.

America acling ns matchmaker. But no one seems to know where to start or what the basis

For of negotiations could be, the Inner Six peen set on their And, Britain's position

crucian

Bowed Out

And to a haze of backstage Nekering Britain bewed out of the Common. Markel.

Kirse

in regard to her Commonwealth

The bue k. h wever, was not

The ferihat still obligations and her unwilling- a clean one.

lingud that it might have been mers an idea if only....

become

10

politically

fnvolved has not altered,

And the Common Merket | Which I think is where we Six France, Western German, came in.... Ben Luxembourg. Heitand,

and Hodel thout their plan- ming. Britain began to suspect that he had Ineket herself cut i in the cold

She sponeered the idea of a European H Trade ren and when this fold--still fascinated by the propert et joung

threa European Frande club

herself into the tast ef helping i to create a club which would be misterly reconciliation of her European trade ambitions and her Cominenwealth obligatistes. Six Others

She found six other countries -Aurtris, Detamark. Norway, Portugal, Sweden and Switzer- and which would not or ceuki not John "the Inner Six." And a few wong ago in Stockholm Joined with them to form the

Outer Seven.

-London Express Service).

CITY LIGHTS

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London Express Zervice.

PAN AM is the way to go to all

EUROPE

GLASGOW

POSLO

STOCKHOLM

COPENHAGEN

AMBURG

BERLIN

ELDORF

FRANKFURT:

ONUREMBERG.

PARI

MUNICH

HELSINH

NOW... FROM HONG KONG, INTERCONTINENTAL JET CLIPPERS!

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PAN AM

For expert trip planning, call your helpful travel agent or your Pan Âm ticket offion 'Phone 37031, Alexandra House, Hong Kong

Voi diuriam Vasil dirmayı, biti, Inedi pasidid to the State of Hom Tark, V Šku mich limited liability

*Data-Mark, Mag. 67.8, PUL D§.

dull, while coppers were steady.

~AP.

Closing Prices

Lombard SHIPPING Waterboat.. Wheelock DOCKS, ETC.

Shares BANKS HK Lank

Bayers beller&

1076 Jons

Sales

134 1000

51033

20 1000

INSURANCES

Union

$7

10001 E7 20 61 550 m 17

365

21

3 GJ

3.05

130 14:

500 130

$7

Provident

10.00 16.00

300

16.70

301

100 / 20.

LAND, ETC

1959/00-

ILK.

Flotri

11 33 2000 2 334

IK Land 375

190 33

Humphrey

20.10 20.10

Resty NUBBER

250 20.20 1.37 1.40 2000 1.40

Afledged Bonds British Transport 57, 1970/63 -- *Console 215%-40%%.

Console 4-272

Conversion Lown 3%%% 1960- £65-7/16

Junding £84-12/15.

Loan

Funding Stock 31. 1999/2006~~

Funding Loan *** 1980/90

BRILLE

Savings 3%. 1955/65-£91%. Savmg 3% 1900/70-13. Savings 9, 1055/70-RÍIN. Farclay's Bank "A" Ltd ord...

Chartered Bank-76x 33. Hongkong-238.

05. 34.

Insurance

Union Insurance Canter-E5-7/10.

Aircraft and Moters British Motor Corp. ord-21%

10d.

Le Flavilland Aircraft 204 $yet. Fan Motor Compx 10a. Hawker Siddeley Group Ordane 2104.

flouter Lid "A"-10 7'd

Standard Triumph International-

[3.

Breweries

Distillers Comāts Hip.

Buliding and Materiais

Amociated Thortland

Cement-734

Finchm Johnson Aortates Ord- 23 101.

85

Dd

Coal, Steel and Engineering Babcock & Wilcox Ltd-440 Dd. Vickers Lid-35.0.

Food and Tobacca

British American Tod. Co., Ltd-

Imperial Tobacco Co.. Lid-o

1.

Miscellaneous Hardiman Manden Lid-44 British Oxyam Ltd. Ord-Miz k Canadian Parife Rly-$4016. Dunlop Rubber C-27 41,4. Hongkong China Ga—13. Imperial Chemical-58 416. 1yone a Co-

Dallever LW-10% cor.

64.

Paper Bowater Paper Corp Ord-718 50. Radio and Electrical Electrical & Musical-64 English Electric Co-41. General Eicetric-425 01.

Shipping Indo-China Steam Nav. Co. def ord-lls (d.

PO 31 am Navigation def ord --483.

alores

Creat Universal Stores "A" Marks & Spencer Ltd-73 101. WoolworthW, Cog 94. Coats J&P Lid-33 06. Courtacids 113-00 101,4.

Minta

Textiles

Cone Gokiñeld of South Africa 90% 100.

Cona. Zine

De Beers def-31.

Hon KH Tiên

Ord-10 ad.

Petaling Tin-79 45d

Rand-1024 DA.

Southern Kinta Cons Ltd-< 0. Union Corp-8l fyd.

K, Whart.. Dock

Taikoo Dock

Amalk

3.773 3.00 5000 61 38

3000 17.75 2300 37.75!

Trust

B 70

A. Tewal..

4.60

3. Kelantan

1.25

6000 612

50000

UTILITIES Trai

Star Ferr

3212

123

SPORT-2012 1873 19.00 345

Electric

Erctric New Maca. E. Telephone..

INDUSTRIALS Cement STORES. Ec

Dairy

Watson

COTTONS Texllis

Nany

23.20

יז 31

20.00 20 80 18.40

AVETARES

› Melonne Aircraft

Storants Chemical Motorola Inc.

panies to negotiate reparalely Memmott J. Hay with the unlon, and optimistic Mesabi from Corp. forecasig for 1980 by two lop business executives were CX- pected to

the give Industrinis Jill they need to get into higher territory.

Youngstown moved, up 14 points in re,ponse

news

to the slee!

Today's volume was 2,930,000 shares.

Of a total 1,243 Issues traded,

1441 were higher and 551 lower, American Exchange volume was 1,440,000 shares.

Bonds volume amounted to $6,000,000.

Closing Prices

Altelt Pwr.

Paper

Algoma Steel Corp

Allied Chemicals

Co.

2

National Biscuit Co. National Dairy Prod. National Strel Corp Notanda Mines Lid, Norfolk & Western Ry North Anet, Aviation Northwest Airlines Olin Mathieson Oxford Paper Co. Parke Davis Co. Penny J. C. Co Penn. Salt Co. Pitney Bowes Proster & Publicker

Purr Chi

chairtra Gamble

Radiu Corp. Pret. Haytheon

Floyal Bank of Canada Sears, Roebuck & Co. Balewa

Stores

Shell On Co.

Pape:

Szint $381 Schenley Int.

303

110%

3

Allied Mills Inc.

129 23.10 1030 23.10

Allis Chalmers

Ar. Brake Shoe

Ain. Cable & Radio Corp.

1112

133 354

1573 # 31 1000 2 31

American Cyanamid Co. Amer. Forgn. Power

At Car & Electric

47

Am. Torne Prod.

171%

30

24

1000 20.70 580 19.00 240 19.00

8.05 293 2003 17 8.85 2000 Fr 8.80 1300 130

15

6.30

MISCELLANEOUS

Viten

Int. Allied

INVESTMENTS

5.30 2000 Sha

Java Estates Meeting

The

Java Consolidated Estates, Ltd. held is 1b meel- ing of shareholders of 001. Marina Houso this morning.

of

The Directors recommended that the pot for the year $26,601 should be carried for- ward.

The report of the General! Managers and Scereleries plated that it is the intention of the Directors in declare a dividend stuficient as 600 g here are funds available.

The report and accounts were adopted.

Mr E. R. H. Cleland, retiring was re-elected and Lowe, Bingham Kj

West Driefontein Goldmining-Director,

197 3d.

001

Tirii Borneu Petroleum Byndi-

cato 450.

British Petroleum

Burnah-40 Jel

Shell Transport

.-Reuter,

Co., L

Trading--i 428

OFFICIAL NOTICE

Proposal To Change A Ship's Name

Messrs

annusl

Matthews were re-appolated auditers until the next general meeting.

Exchange Rates

.......

3.00

15.43

12.48

Business way done in the local nometal exchange matket this morning at the following rates:- US dollars (per #1) Sterling notes (per El!.... Australlan notes (per £1)... Indonesian rupiah (per 100 Slamic (per 100) Singapore (Straita)

1.30

An Mach. & roy American Metal Am. Natural Con American Smelte A. Sugar Rel. American Tel & Tel Anserican Tou.

Armes Steel Asbestos Curp. Hajuwin-Link-Itam, Bank of Montreal Beech Life Savers Bell Telephone Benezial Finance Bendix Aviation Corp. Benguel Cuni.

Bethlehem Steel

Boeing Altplane

Borden (The) Co. Burroughs Add Machine British "Amer. Ou

A Cumbia Pwr Calf. Packing Corp. Cana. Bk. of Cornai. Campbell Soup Co Candias Pacific R Gane J. I.) Co.

Cat. Tractor

Celane Corp.

C. 1. T. Financial Corp.

Cuett Peatndy Colgate Palmolive Co. Colombian Carbon Co. Copelidated son Consolidated Paper Consumer Gas Continental Oil of Del. Cormor Imperial Milla Crown Zierbuch Duban Amer, Sugar Diamond Alkat Diamond Gard Distillers-Bowgrams

Domino

Stores Douglas Abraćt Dow Chemical Dupont de Nemours Fastem Air Line Eastman Kodak

El Paso Naturst Ogs

Bout Paper

Smith, Kling & French Solar Aircraft:

So Puerto Rica Bugar Southem Natural Gas

Bouthern Railway (Com.)

Steep Rock

Stone Webster Sunline Mining

Textron Inc.

Thioxol Chem.

Time 2nc.

57 | T-Cont. Warrants

Union Oil of Cal.

United Can Corp.

5144

2711

70

US, Line co....

100%

259%

17

US. Steel 7 P.C. Pr

79%) Werlinghoure Air Brake

9814 2004

Western Union Tel. Co.

West Va. Pulp & Paper

Winn-Dixie Stores

Zenith Radlo

70!

1015

Prospecting Conditions

Dormant

Because of practically dor- Drot prospecting operations, with no apparent prospert W revival, further provisions neces- sary for Metal Industries Cor- poration Ltd's loans and vestments jeave a debli baltico of HK$15,809.

No dividend will be paid this усаг.

This was stated by Mr J. L. 32 Marden At today's annual

meeting.

1001

301

Family Finomes Corp.

28

Firestone Tyre & Rubber

130

im Nat. City Bank

81

Ford Motor Co. of Cona.

Georgia PaciЛe

General Dynamics

431

General Foodя

General Motors

10414

34

2511

Gun. Pub. INK.

Gen. Tyre & Rubber Getty .Ol

Gudden Co

Goodrich (B. F.) Co. Goodyear Tyle

Grumman Aircraft Gull O

Hammond Organ

Heyden Newpers Corp Hiram Walker

28.00 | Homestake, Mining Co.

1.51an Betrig.

Yesterday's Closing

The report and accounts were adopted.

Messrs T. Y. Chuang, E. G. Smith-Wright and V. J. Song were re-elected Directors.

Lowe, Bingham and Matthews were re-elected auditors,

Agreed Merchant Rates

Maximum Selling: Swiss Francs 74-13/18.-

COMMODITY PRICES

METALS

We, WILLIAMSON AND COMPANY LIMITED of P. & 0. Building, 5th floor, hereby give Hong Kong, notice that in consequence of purchase of the undernoted vessel, we have applied to the Minister of Transport and Civil Aviation under Section 47 of the Merchant Shipping Act, 1894, in respect of the motor launch DAYSPRING II of HONG KONG REGIS- TRY Official Number 191461 Gross tonnage 12.24 tons tone, Register tonnage 5.51 heretofore owned by The Missions to Seamen Trust per lung ton. Corporation Ltd., 4 Bucking ham Palace Gardens, London S.W. 1, for permission to change her name to MOLLY H and to have her registered In the new name at the Port of HONG KONG as owned by Williamson and Company Limited.

Any objection to the pro- posed change of name must be sent to the REGISTRAR OF SHIPPING at HONG KONG within SEVEN days from the appearstice of this advertisement.

LONDON

No. Jr.

No. 3 Jun No. 4 Spe

Spot rubber unbalad

Eoduct cope

No. 1 pale crepe

LONDON

1201-14714 1101-1101% 114-198 11.8-1.10

114-12054 22316-335%

Closing prices all in pence per

Closing prices, all in sterling Jan.

Teb

Buyers Sellers | Jan./March

10.: No. 1 Ras spot.

Gettleman Jurume teren:

s

Spoi

180

700

April/June Jy/Sept.

3-month

734

78415 Oct/Dec.

Copper

Прог

258

15835 | Ian.

3-month

241

Feb.

Lead 2nd half Dec. Mar, Zine 2nd half Dec.

Extrte copa cha Jan

2

76

10

-URI.

RUBBER

Spot: 31.15; March: 23.00) May: 33.50; July: 33.18; Oct: 31.11: Dec: 3104; Mar: 31.29; May: 3134.

LIVERPOOL Closing prices all in pence per lb.:

American Contract

Dec/Jan:

1891-9694

21.30;

23.40,

General murkets, clf, barm,

thick Jan. AMSTERDAM

Closing prices all in guilders

per kilogram, clf. January, Ho,

No. 2 rubber

No. 1 cop

rubber

Ha 3 rubber

COTTO

233 bundins

Ja buye

22.35: March/April: May/June: 29.80; July/Aug: Oct/Nov 21.40: Dec/Jan

Mixed Contract

Dec/Jan; 12.00:

March/Aprili 29.46: May/June: 1589; JulyZÁMK

O/Nov: 22.30; 24.65:

Dec/Jan: 27.79,-UPL

1.00-8/13 3.7000

8.1300

"SINGAPORE

Closing prices al in Straits banta per ib, fob. Malayan porta

Secretary. No. 1 120

NEW TORK

3.50 Bezídky

-UPL

FORLIGN EXCHANGE

NEW YORK Closing rates; Canada England oftal

others wichanged.

LONDON Closing ratos: New York Montreat

Äinsterdam

Cloring prices at în genta per la

Cópantsagen.

160

Frankfurt fom Harch: 130 Clo Boot: Banys A320F FU9I9SKINFOOL: 31.80, París De: 31071 Mar: 31367 buy) at 40,

NEW ORLEANS closing prices all in cents per Zurich

279>13/16-2.78-13/14

10.504-1985

Dated at HONG KONG the 22nd day of December 1959,

WILLIAMSON AND

COMPANY LTD.

G.. D. 8. AGNEW,

NEW YORK

Rex ubber futures glorina prices, all in cents per Ib

July

Nov.

J

AUGUMĄ.

Mocizbolan

Eas Vietna

12.07-12.01